2、周三，美国劳工部公布的11月份通胀数据与市场预期几乎完全一致，交易员们增加了对美联储12月份降息的押注。11月美国消费者价格指数（CPI）环比上升0.3%，同比上升2.7%，均与预期一致，分别较10月数据加快了0.1个百分点。其中，0.3%的环比涨幅是4月份以来的最高水平，2.7%是8月来最高。① The Legislative Council of the Hong Kong Special Administrative Region passed the “Stamp Duty Legislation (Miscellaneous Amendments) Bill 2024” ② KPMG expects to raise capital of HK$100 billion for listed companies in Hong Kong ③ KPMG discloses progress in overseas debt restructuring ④ Bitcoin market strengthens again and rises back to 0.1 million US dollars
Focus on hot topics
1. The HKSAR Government welcomes the Legislative Council's passage of the “Stamp Duty Legislation (Miscellaneous Amendments) Bill 2024” on the 11th to implement the exemption of real estate investment trust fund share or unit transfers and option bookmakers from stamp duty, as well as amend the stamp duty collection arrangements under the paperless securities market system implemented in Hong Kong.
2. On Wednesday, the November inflation data released by the US Department of Labor was almost exactly in line with market expectations, and traders increased their bets on the Federal Reserve's interest rate cut in December. The US Consumer Price Index (CPI) rose 0.3% month-on-month and 2.7% year-on-year in November, all in line with expectations, 0.1 percentage points faster than the October data, respectively. Among them, the 0.3% month-on-month increase was the highest level since April, and 2.7% was the highest since August.
3. There are still 49 days until the 2025 Spring Festival, and the popularity of the holiday travel market has increased markedly. On December 11, the reporter learned that ticket reservations for the Spring Festival travel season have quietly started on some platforms, and ticket prices for some popular routes such as Sanya in Hainan and Xiamen in Fujian have all increased significantly.
4. According to data from the China Automobile Association, in November, automobile production and sales completed 3.437 million vehicles and 3.316 million units, respectively, up 14.7% and 8.6% month-on-month, and 11.1% and 11.7% year-on-year respectively. In November, production and sales of new energy vehicles reached 1.566 million units and 1.512 million units, respectively, up 45.8% and 47.4% year-on-year, respectively. New energy vehicle sales accounted for 45.6% of total new vehicle sales.
5. After the Hong Kong IPO market welcomed many leading companies such as Midea Group to be listed in Hong Kong in the second half of this year, KPMG said that Hong Kong's annual IPO amount is expected to reach HK$82.9 billion, jumping to fourth place in the ranking. KPMG estimates that the Hong Kong IPO market will continue to improve next year. It is expected that 80 companies will be listed in Hong Kong to raise 100 billion to HK$120 billion, and it is expected to remain in the top five positions.
6. On Wednesday, the Bitcoin market strengthened again, rising about 4.5% to reach 0.1 million dollars. Ethereum rose more than 6%, approaching $3,800. As the November CPI data was in line with expectations, the market's confidence in the Federal Reserve's interest rate cut in December increased. According to Lookonchain monitoring, the net inflow of the 10 Bitcoin ETFs for the day was 5,459 BTC, or about 0.538 billion US dollars.
Global markets
On Wednesday, the three major US stock indices closed with mixed gains and losses. By the close, the Dow had fallen 0.22%, the NASDAQ had risen 1.77%, breaking through 20,000 points for the first time, and the S&P 500 index had risen 0.82%.
Major tech stocks generally rose, and Tesla, Google, Amazon, Meta, and Netflix all hit record highs. Among them, Tesla rose 5.93%, Google rose 5.52%, Amazon rose 2.32%, Meta rose 2.16%, and Netflix rose 2.54%. Additionally, Nvidia rose 3.14%.
The Nasdaq China Golden Dragon Index closed down 0.74%. Most popular Chinese securities fell, Tencent Music fell more than 5%, JD fell more than 3%, Xiaopeng Motors fell more than 2%, and Bilibili, NIO, and Pinduoduo fell more than 1%.
On the Hong Kong stock side, the Hang Seng Index opened higher and moved lower again on Wednesday. At the close, the Hang Seng Index fell 0.77%, the Technology Index fell 1.31%, and the State-owned Enterprises Index fell 0.78%.
Judging from market performance, the robot concept continues to be popular, and commodity stocks such as petroleum, gold, and non-ferrous metals are strengthening. Sectors such as insurance, beer, and semiconductors registered the highest declines.
Company news
Kaisa Group (01638.HK: Notice of disclosure of further information relating to overseas debt restructuring involving the holding of a hearing. According to the announcement, Kaisa Hong Kong plans to hold a hearing in the Hong Kong High Court at 10 a.m. on December 19, 2024. Meanwhile, Kaisa Cayman plans to hold a hearing at 9:30 a.m. on January 15, 2025 in the Cayman Islands Supreme Court.
Kanzhun Employment-W (02076, HK): Revenue for the third quarter was RMB 1.9116 billion, up 19.0% year over year. Net profit was approximately 0.464 billion yuan, up 8.9% year over year.
BAIC Motor (01958.HK): BAIC and Hyundai Motor jointly inject approximately US$1.095 billion into Beijing Hyundai.
China Taibao (02601.HK): The cumulative original premium income received through Pacific Life in the first 11 months was 228.842 billion yuan, an increase of 2.2% over the previous year.
CGN New Energy (01811.HK): A total of 17,684.1 gigawatt-hours of power generation was completed in the first 11 months, an increase of 1.7% over the previous year.
