Hong Kong Stock Concept Tracking | Hong Kong Stock Single-Day Trading Volume Hits Historic High Brokerage Sector Overall Enters Bull Market Atmosphere (Concept Stocks Attached)
With the potential boost from the Fed's rate cut, the Hong Kong stock market hit a historical high, with a trading volume of 1.4 trillion yuan on September 27, reaching a 3-year high. Investor enthusiasm is high, and brokerage business has significantly increased. Morgan Asset Management stated that policy support is paving the way for economic growth and enhancing the attractiveness of Chinese assets. CSC pointed out that the new policies provide liquidity support and business expansion opportunities for brokerages, benefiting related Chinese brokerage firms such as Haitong Securities and Guotai Junan Securities
Data shows that on September 27th, the Shanghai and Shenzhen markets had a total turnover of 1.4 trillion yuan, reaching a 3-year high, breaking the trillion mark for three consecutive trading days.
Mainland brokerage branches do not take weekends off, providing 7*24 account opening services... Since the series of favorable policies were announced on September 24th, A-shares have surged violently, igniting investors' enthusiasm, leading to a rush of investors entering the market. On Saturday, reporters interviewed multiple securities firms, and staff members mentioned being "too busy these days" and "not resting even on weekends," with a noticeable increase in business inquiries and account openings.
Last Friday, Hong Kong stocks set a record high in trading volume, with the Hong Kong Stock Exchange surging nearly 10% to 305.6 Hong Kong dollars in the afternoon, reaching a new high since August 2023.
Trading activity in the market is active, with the trading volume of Hong Kong stocks breaking through 400 billion Hong Kong dollars last Friday afternoon, setting a record high.
Xu Changtai, Chief Strategist of Morgan Stanley Investment Management Asia Pacific, stated that heavyweight meetings have released strong signals supporting economic growth and asset prices, paving the way for further policy support and increasing the possibility of an upward economic cycle by 2025.
Against the backdrop of overvalued global market prices and the potential impetus from the Fed's interest rate cuts, Chinese assets are expected to become a preferred choice for global fund allocation.
Compared to the A-share market, the response of Hong Kong stocks is more positive.
With the potential impetus from the Fed's interest rate cuts, Chinese assets are expected to become a preferred choice for global fund allocation.
CSC released a research report stating that a series of policies have been intensively announced, with significantly increased strength and pace. The bank mentioned that the new policy combination provides liquidity support and business expansion opportunities for the securities industry. Through convenient swaps, securities firms can enhance liquidity management; the development of equity mutual funds brings wealth management and product innovation opportunities to securities firms; policies encouraging mergers and acquisitions help enhance the competitiveness of securities firms' investment banking business; the policy orientation towards long-term funds entering the market brings new growth potential for securities firms' asset management, brokerage, and institutional businesses.
Mainland Chinese securities-related companies:
Haitong Securities (06837), Guotai Junan Securities (02611), China Galaxy Securities (06881), CICC (03908), CITIC Securities (06030), Huatai Securities (06886), CSC Financial Co., Ltd. (06066), etc.
Local Hong Kong securities firms include:
Hong Kong Exchanges and Clearing Limited (00388), CMB International (03326), Guotai Junan International (01788), Bright Smart Securities & Commodities Group (01428), etc