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Accompany you to make money in Hong Kong stock market!
Hello, everyone, I am the representative of Niuniu class!
Today is a series of courses "20 lectures on Hong Kong Stock Investment".
Lecture 7 "understanding the main Indexes and plates of Hong Kong stocks"
Niu friends, please pick up the small bench and come to class together.
Abstract: the three major indexes of Hong Kong stocks include the Hang Seng Index, the State-owned Enterprise Index and the Red Chip Index. In addition, Hong Kong stocks cover 11 major industries, 30 business categories and 86 business sub-categories, including traditional industries such as finance, real estate and construction. it also includes emerging industries such as information technology and health care.
Buffett never recommends any stocks or other investments, and some even say he covers his mouth with a towel when he sleeps. This is because he thinks about stocks all day long, and he is worried that he will talk in his sleep at night and let the people around him hear him. (hhhhhhh)
However, Father Ba strongly recommends index funds to everyone on various occasions.
So what is an index fund? Before we understand the index fund, let's take a look at the three major indices in Hong Kong and the corresponding sector classification!
Three major indices of Hong Kong stocks
1. Hang Seng Index
Hang Seng IndexIt is one of the earliest stock market indices in Hong Kong. Since its launch on November 24, 1969, it has been widely used as an important indicator of the performance of the Hong Kong stock market. To further reflect the price trend of various types of securities in the market, the Hang Seng Index launched a sub-index in 1985 and included all constituent stocks in the four sub-indices of finance, public utilities, real estate and industry and commerce respectively.
The following chart shows some of the stocks currently in the Hang Seng Index.
2. Index of state-owned enterprises
State-owned enterprise indexAlso known as H-share Index, the full name is the Hang Seng China Enterprises Index, which is also compiled and issued by Hong Kong Hang Seng Index Services Co., Ltd. The index calculates the weighted average stock price index based on the shares of all Chinese H-share companies listed on the Stock Exchange. The Hang Seng China Enterprises Index is set up to provide investors with an indicator of the share price performance of Chinese H-share companies listed in Hong Kong.
The calculation formula of the index is the same as that of the Hang Seng Index. The state-owned enterprise index was first published on August 8, 1994, with the date when the number of listed H-shares reached 10, that is, July 8, 1994, and the closing index was set at 1000 points. The index is calculated retroactively to 15 July 1993, the date on which the first Chinese company was listed on the Stock Exchange.
The following picture shows some stocks of the national index. The stocks that gained a lot in the first half of the year are$Byd Company Limited (01211.HK) $(it has increased by 98.92% so far this year),$Tencent (00700.HK) $、$China Mengniu Dairy (02319.HK) $、$ANTA Sports Products (02020.HK) $等。
3. Red chip index
Red chip indexRefers to the Hang Seng Red Chip Index compiled and published by Hong Kong Hang Seng Index Services Limited.
The index was officially launched on June 16, 1997, and the sample stocks include 32 red chips that meet its selection criteria, not all red chips. The index is based on January 4, 1993, and the base day index is set at 1000 points.
Typical representative stocks are$China Mobile Limited (00941.HK) $、$CNOOC Limited (00883.HK) $、$China Resources Land (01109.HK) $等。
In addition, Hong Kong listed companies come from 26 different countries and regions around the world, including some world-renowned outstanding companies.
Hong Kong stocks cover 11 major industries, 30 business categories and 86 business sub-categories, including traditional industries such as finance, real estate and construction, as well as emerging industries such as information technology and health care. The diversified types of companies and comprehensive industry configuration of Hong Kong stocks can provide choices for different styles and types of investors.
According to the Hang Seng Industry Classification system which came into effect in September 2013The 11 major industries are energy, raw materials, industry, consumer goods manufacturing, consumer services, telecommunications, public utilities, finance, real estate construction, information technology and integrated enterprises.
Hong Kong stocks are divided into two trading platforms: the main board and the gem, and the main board occupies a dominant position.
Hong Kong stock market industry sector
The Hang Seng Industry Classification system is a comprehensive industry classification system developed in response to the situation of the Hong Kong stock market. In view of the fact that more and more companies from different industries are listed in Hong Kong, making the market more diversified, the system provides a detailed classification of industries to reflect the stock performance of different industries. The Hang Seng Industry Classification system, which consists of 12 industries, 31 business categories and 94 business sub-categories, can not only tie in with the uniqueness of the Hong Kong stock market, but also be compared with the international industry classification system to bring it in line with the world's major industry classification system.
In addition, in terms of the classification of industry sectors in the market, they are roughly divided into the following sectors:
(1) Hong Kong local stocks
1. Public stock
Public stock refers to the public utility sector which is closely related to the life of citizens.Electric power, gas, energy, railways and other enterprises need to be used regardless of economic ups and downs, and maintain a long-term cooperative relationship with the government. Share prices fluctuate slightly, coupled with high barriers to business entry and less competition among peers. Stable dividends attract funds to hold for a long time. Some public stock businesses dominate the Hong Kong market, while others mainly invest in global public utilities. For example, Electric Power (00006) only contributes 16% of its profits from Hong Kong, while most of its income comes from the United Kingdom, Australia and China.
Give me some chestnuts!
Power stocks:$CLP Holdings Limited (00002.HK) $、$HK Electric Investments and HK Electric Investments-SS (02638.HK) $
Energy stocks:$CK Infrastructure (01038.HK) $、$Power Assets (00006.HK) $
two。 Local retail stocks
Hong Kong retail stocks, including cosmetics, watches and clocks, gold shops, department stores, clothing and other retail industries, are closely related to corporate cost control, exchange rate and tourism atmosphere. The greatest cost pressure on Hong Kong retail stocks comes from rent and labor costs, which will be better if you own your own property.
The exchange rate will affect the desire of visitors to come to Hong Kong to spend in Hong Kong. In recent years, the trend of RMB is the biggest factor affecting retail stocks. Once the exchange rate of RMB against the Hong Kong dollar rises, mainland tourists' spending in Hong Kong will increase, and vice versa. ToIn the second half of 2019, for example, the unstable situation in Hong Kong affected the consumer sentiment of mainland visitors, and the share prices of a number of local retail stocks were greatly affected.
Examples of retail stocks!
Makeup Unit:$Sasha International (00178.HK) $
Gold shop stock:$Chow Tai Fook Jewellery (01929.HK) $
Department Store stocks:$Lifford International (01212.HK) $
3. Local financial stocks
Local financial stocks include local banks and securities firms. Local banking stocks are diversified. For example, HSBC boasts diversified business, while Hang Seng focuses on Hong Kong business. Bank stocks are mainly affected by interest rates and will benefit from the improvement in net interest margin during the interest rate hike cycle. The income of securities stocks mainly comes from the commission earned from buying and selling for customers and the interest charged by drawing new shares. If the stock market is booming and turnover increases, brokerage stock commissions can also benefit.
A few examples of financial stocks!
Bank stocks:$HSBC Holdings PLC (00005.HK) $、$Hang Seng Bank (00011.HK) $、$Standard Chartered PLC (02888.HK) $
Brokerage stocks:Yaocai Securities Finance (01428.HK) $、$Golden Li & Fung Finance (01031.HK) $
4. Real estate stock
Property prices in Hong Kong have been rising in recent years, benefiting Hong Kong property stocks which are involved in property development. The dividend payout of real estate stocks is stable and is a favorite sector of many stable investors. You can pay attention to the land reserve and financial ratio of real estate stocks to determine which one is better. However, real estate stocks have to face rising borrowing costs in the traditional interest rate hike cycle, and investors can pay attention to future interest rate developments before deciding whether or not to enter the market.
Examples of real estate stocks:
$Henderson Land Development (00012.HK) $、$Sun Hung Kai Properties (00016.HK) $、$CK Asset (01113.HK) $
(2) mainland economic stocks
1. Science and network stock
Domestic scientific and Internet stocks occupy a very important seat in the Hong Kong stock plate, as Tencent has already occupied 10% of the constituent stocks of the Hang Seng Index, Tencent's rise and fall has extremely affected the trend of the Hang Seng Index.
In addition, with the arrival of domestic science and Internet giants such as Meituan, JD.com, NetEase, Inc and BABA, the proportion of their trading volume in the Hong Kong stock market will increase.
In the future, in the domestic market of 1.3 billion people, the electronic payment, communication software, and mobile game business of science and technology stocks will be closely linked to their daily life. For example, Wechat under Tencent already includes communication, payment, social platform, e-commerce, investment and other functions, so the stock price has been rising in recent years. Other developers of software, hardware and mobile games have also achieved good results in business income.
Examples of science and technology stocks:$Tencent (00700.HK) $、$BABA-SW (09988.HK) $、Meituan comments-W (03690.HK) $
Popularize a little knowledge again! As of August 28, BABA, Tencent, Meituan and JD.com ranked 1st, 2nd, 4th and 10th respectively in the market capitalization ranking of Hong Kong stocks.
two。 Inner bank stock
Inner bank shares refer to the mainland banks listed in Hong Kong Exchanges and Clearing. The industry is mainly divided into outlets and large banks across the country (Bank of China Ltd., China Construction Bank Corporation, Industrial and Commercial Bank of China and Agricultural Bank Of China) and small and medium-sized banks in major areas. Domestic bank stocks are mainly affected by factors such as bad debts and capital policies. if the people's Bank of China decides to reduce the required reserve ratio in the mainland, it will help to increase the liquidity of domestic banks.
An example of inner silver stocks!
Four major lines: industrial and peasant construction
Regional banks:Bank of Gansu (02139.HK) $、Bank of Chongqing (01963.HK) $
By the end of August 28, ICBC, CCB, Agricultural Bank Of China and Bank of China ranked 1st, 3rd, 6th and 7th respectively in the total market capitalization of the financial sector.
3. Mainland consumer stocks
The trend of retail stocks in the mainland is closely related to the Chinese economy. If the property market of the mainland stock market rises, bringing wealth and income to the public, spending power and sentiment will rise, and vice versa. Mainland retail stocks are mainly divided into food stocks, automobile stocks, sporting goods stocks and department store supermarket stocks.
If you want to analyze the retail market in the mainland, you can pay attention to the total retail sales of consumer goods published by the National Bureau of Statistics of China every month. If you want to pay attention to the market situation of individual industries in the retail stock, you have to keep up with the trend of the domestic economy.
Examples of mainland retail stocks:
Food stocks:$Zhou's Black Duck (01458.HK) $(it has increased by more than 55% so far this year)$China Mengniu Dairy (02319.HK) $、$Tingyi (00322.HK) $、
Auto stocks:$Guangzhou Automobile Group (02238.HK) $、$Great Wall Motor (02333.HK) $
Sporting goods Unit:$ANTA Sports Products (02020.HK) $、$361 degrees (01361.HK) $
All right, that's all for today's sharing!
Welcome to the message area for interaction!
Encourage the "bald" Niuniu class representative who is still working overtime next weekend.
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Lecture 8 tomorrow, "Hong Kong stocks play new purchase process details" waiting for you!
Don't break up until we see you!
Attached: course link"20 lectures on investing in Hong Kong stocks"