The Hang Seng Index of Hong Kong stocks opened higher by 3.21%, the index of state-owned enterprises rose by 3.46%, and the branch index rose by 4.24%.A shares may have more upside! Core assets can be laid out with one click through the Shanghai and Shenzhen 300ETF South (159925). On December 10th, the Shanghai and Shenzhen 300ETF South (159925) closed up 0.83%, with a turnover of 115 million yuan. Component stocks rose strongly, with China Merchants Bank and Wuliangye rising by over 2%, and Kweichow Moutai, China Ping 'an and Zijin Mining rising by over 1%. China Merchants Securities said that at present, the expected returns of wealth management products and deposit interest rates are declining, the expected returns of various types of assets are declining, residents' deposits and net deposits are soaring, and residents' investment funds are greatly increased. In this state of asset shortage, if the profit-making effect of the follow-up equity market continues to improve and residents' deposits move to the equity market, theoretically, A shares will have greater upside. In terms of configuration, among the industries before and after the two important meetings in December, petroleum and petrochemical, food and beverage, household appliances, social services, medicine and biology, agriculture, forestry, animal husbandry and fishery are more likely to rise. You can use the Shanghai and Shenzhen 300ETF South (159925) to lay out the core assets with one click.The number of mainland tourists visiting Hong Kong has increased by nearly 30%, and the effect of "one sign and many trips" is obvious. Last Saturday (December 7) was the first weekend after the implementation of the "one sign and many trips" policy for Shenzhen residents to Hong Kong. According to the statistics of the Hong Kong SAR government, there were about 145,000 mainland tourists visiting Hong Kong on the 7 th, which was 28.5% higher than the average daily number of tourists in November. From December 1st this year, Shenzhen registered residents and residence permit holders can apply for a "one-sign multi-trip" endorsement to travel to Hong Kong, that is, they can travel to and from Hong Kong for an unlimited number of times within one year and stay in Hong Kong for no more than 7 days at a time. December is the traditional tourist season in Hong Kong, and all major business districts and scenic spots will attract tourists through discount promotions and theme activities. With the implementation of the new policy of "one sign and many trips", many Shenzhen residents went shopping in Hong Kong last weekend. (CCTV News)
In November, the national second-hand car market traded 1,785,600 vehicles, up 4.33% from the previous month. On December 10th, according to china automobile dealers association, in November 2024, the national second-hand car market traded 1,785,600 vehicles, up 4.33% from the previous month and 8.12% from the same period last year, with a transaction amount of 114.167 billion yuan. From January to November, 2024, the cumulative transaction volume of used cars was 17,713,900, up 5.74% year-on-year, up 961,600 compared with the same period, and the cumulative transaction amount was 1,165.243 billion yuan.South Korea's stock market rebounded after its market value evaporated by $100 billion due to the political crisis. South Korea's stock market rebounded on Tuesday, which was the first rise since the martial law storm caused the country to fall into political turmoil last week. South Korea's Kospi index rose more than 2% in early trading, after its recent decline pushed it to the edge of a bear market. The Kosdaq small-cap stock index rose more than 4%. In the four trading days as of Monday, the total market value of these two index companies evaporated by $100 billion. South Korean authorities have repeatedly promised to take all measures to stabilize market sentiment, saying that the recent market trend is "excessive" considering the country's economic fundamentals. President Yin Xiyue survived the parliamentary impeachment vote over the weekend, but the opposition party vowed to continue to push him to step down.China automobile dealers association: In November, the inventory coefficient of automobile dealers was 1.11, with a slight increase of 0.9% month-on-month. china automobile dealers association released the survey results of "Automobile Dealer Inventory" in November 2024: the comprehensive inventory coefficient of automobile dealers in November was 1.11, with a slight increase of 0.9% month-on-month and a decrease of 22.4% year-on-year. The inventory level was below the warning line and within a reasonable range.
Mizuho: Raise GM's target price from $59 to $62, and maintain the rating of "outperforming the market".The yen fell to a low point against the US dollar since November 29, which cooled down around the expectation of the Bank of Japan to raise interest rates this month. As the market expected the Bank of Japan to raise interest rates this month, the yen fell to its lowest level against the US dollar since the end of November. The yen once fell 0.2% against the US dollar to 151.55. Overnight index swap pricing shows that the probability of the Bank of Japan raising interest rates in December is 28%.Lee Ka Chiu John: Hong Kong is committed to becoming a leading global risk management center. In a speech at the Asia Insurance Forum 2024 held in Hong Kong on the 10th, Lee Ka Chiu John, Chief Executive of the Hong Kong Special Administrative Region (HKSAR) said that Hong Kong is committed to becoming a leading global risk management center. Lee Ka Chiu John said that as one of the three largest financial centers in the world, Hong Kong has about 160 authorized insurance companies, including six of the top ten insurance companies in the world. At present, Hong Kong has issued five catastrophe bonds, raising more than 700 million US dollars to resist typhoons, earthquakes and other natural disasters and provide risk mitigation measures for the global joint response to climate change. He stressed that as the region with the highest concentration of insurance companies and the highest insurance density in Asia, Hong Kong is committed to becoming a leading global risk management center. The SAR Government will continue to invite mainland and overseas enterprises in China to set up exclusive self-insurance companies in Hong Kong.
Strategy guide
Strategy guide 12-13