此外，刚刚发布三季报预盈的新华保险(01336.HK)涨近8%，中国平安(02318.HK)、中国太保(02601.HK)双双涨超4%，工商银行(01398.HK)、农业银行(01288.HK)均跟涨3%左右。Which bullish factors in the stabilization and rebound of the large financial sector in Hong Kong are worth paying attention to?
Today, the Hong Kong stock market stabilized in the short term, with the three major financial sectors collectively strengthening, and brokerage stocks becoming active again.
As of the time of publication, after the disclosure of the restructuring plan, haitong sec (06837.HK) and gtja (02611.HK) rose by approximately 94% and 60% respectively.
In addition, following the announcement of the third quarter profit forecast, new china life insurance (01336.HK) rose by nearly 8%, ping an insurance (02318.HK) and china pacific insurance (02601.HK) both rose by over 4%, while industrial and commercial bank of china (01398.HK) and agricultural bank of china (01288.HK) followed with gains of around 3%.
On the news front, the performance review of gtja and haitong sec today boosted market sentiment. In addition, the central bank announced the introduction of the first phase of a 500 billion yuan new tool for convenience today. Coupled with the bullish expectations for fiscal policies this Saturday, the market still holds expectations for the continuation of the market trend.
In response to this, the Huachuang Financial team analyzed that the central bank's introduction of tools may be to stabilize the market, and the timing of the application opening is beyond expectations.
It is worth noting that the Ministry of Finance is planning to issue the special national bonds for the first time on October 11 (Friday) until 2024. Recently, the central bank and the Ministry of Finance just held the first official meeting of the joint working group. Both sides unanimously agreed that the central bank's buying and selling of national bonds are important means to enrich the monetary policy toolbox and strengthen liquidity management. They expressed the intention to continue to strengthen policy coordination to provide a suitable market environment for the central bank's bond transactions.
Zhao Ran, an analyst at China Securities Co., Ltd., stated in this week's report that the brokerage industry is the most significantly benefiting from the combination of policy expectations and improved investor confidence. It is expected that with the formation of a bullish market expectation, they will encounter a double whammy of valuation and performance. Insurance stocks, due to the improvement in asset-side returns, are also expected to benefit from a resonance of performance and valuation.
Overall, the short-term impact of liquidity on Hong Kong stocks is significant, and the intensity and sustainability of monetary policy and fiscal efforts have always been the focus of the market.
In a previous report, Ping An Securities analyst Jin Xiaowen pointed out that the Political Bureau meeting emphasized the need to "increase the countercyclical adjustment of fiscal and monetary policies," implying that fiscal policy will also be strengthened.
Because fiscal policy operations may involve budget issues and monetary policy adjustments are relatively more flexible, it is common for monetary policy to take the lead during previous policy easing cycles, with fiscal policy following suit.
Ping An Securities International expects fiscal stimulus policies to be introduced in October, especially with anticipation towards the National People's Congress Standing Committee meeting scheduled in late October.
Looking ahead, China Securities Co., Ltd. also believes that with the Fed rate cuts and the continued efforts of domestic policies, the internal and external liquidity of Hong Kong stocks are expected to improve simultaneously.
