Source: China Fund News, CCTV Finance

On December 3, A-share Hong Kong stocks were soaring!

Stimulated by all kinds of good news on the weekend, the A-share market opened sharply higher and then oscillated and pulled up. On the disk, the stocks rose, and nearly 3,500 stocks in the two cities rose, and only 33 stocks fell. 70 of them have a daily limit.

As of the close of the afternoon, the Shanghai Composite Index rose 2.91% to 2663.45 points, with a turnover of 123.475 billion; Shenzhen Component Index rose 3.64% to 7961 points, with a turnover of 152.858 billion; the GEM index rose 3.81% to 1379.98 points, with a turnover of 44.758 billion.

A-share Hong Kong stocks skyrocketed

Half-day market value surged 2.2 trillion

Affected by the favorable factors such as the suspension of tariffs on Sino-US trade issues, A-shares and Hong Kong stocks surged by about 3% this morning. The A-share market and Hong Kong stock market surged by about 2.2 trillion yuan.

According to statistics from the Shanghai Stock Exchange, the total market value of the Shanghai stock market on November 30 was 27.97 trillion yuan, and the market value of the Shanghai market surged by about 810 billion in just half a day.

Shenzhen stock market rose more sharply than Shanghai stock market. Shenzhen Stock Exchange Index surged 3.64% for half a day, and the growth index of GEM and small and medium board index was 3.81% and 3.93% respectively.

According to official data from the Shenzhen Stock Exchange, the market value of Shenzhen City reached 17.4 trillion at the close of November 30. According to the increase this morning, the market value rose by about 640 billion.

The market value of the Hong Kong Stock Exchange has also skyrocketed. According to statistics, the market value of the Hong Kong Stock Exchange at the end of November was around HK$30.3 trillion. At around 11:30 today, the Hang Seng Index rose by 2.81%, and the HSCEI rose more than 3%.

According to preliminary estimates, as of 11:30 this morning, the value of the Hong Kong stock market has increased by about 850 billion Hong Kong dollars, which is equivalent to an increase of about 750 billion yuan.

Adding the market value of the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the Shenzhen Stock Exchange today is 810 billion + 640 billion + 750 billion yuan = 2.2 trillion yuan, or 2.2 trillion yuan.

Foreign capital bought nearly 10 billion in the morning

In the case of the Shanghai-Shenzhen-Hong Kong Stock Connect, Hong Kong capital has rushed in, and the northward capital inflows have reached nearly 10 billion in the morning. As the two cities' stock indexes rose sharply, the Northward funds once again had a large net inflow. As of the close of the afternoon, the net inflow of funds to the north reached 9.548 billion, of which the net inflow of Shanghai Stock Connect was 6.959 billion, and the net inflow of Shenzhen Stock Connect was 2.589 billion.

In November, the North Bank raised a large amount of A shares. Data show that in November, Shanghai Stock Connect and Shenzhen Stock Connect respectively had a net inflow of 32.536 billion and 14.376 billion, with a total net inflow of 46.913 billion, the second highest in the year and the second highest since the opening.

Four big weekends

The past weekend has been unusual, and heavy news has appeared frequently, each of which is closely related to your investment.

Heavy one

China and the United States reached a consensus on economic and trade issues and decided to stop upgrading trade restrictions such as tariffs.

State Councilor and Foreign Minister Wang Yi said on the 1st local time that China and the United States held a meeting in Buenos Aires on the first night. The discussions on economic and trade issues between the two sides were very positive and constructive.

The two countries reached a consensus, and the two sides decided to stop upgrading trade restrictions such as tariffs, including no longer raising the existing tariff rate against each other, and not introducing new tariff-adding measures on other commodities.

Heavy two

Stock index futures margin fees are all lowered

China Financial Futures Exchange announced on the 2nd that, with the consent of the China Securities Regulatory Commission, on the basis of comprehensive assessment of market risks and active improvement of the regulatory system, the stock index futures trading arrangements were adjusted in a stable and orderly manner to promote market functions.

The adjustment mainly includes three aspects:

First, since the settlement on December 3, 2018, the CSI 300 and SSE 50 stock index futures trading margin standards have been uniformly adjusted to 10%, and the CSI 500 stock index futures trading margin standard has been uniformly adjusted to 15%;

Second, since December 3, 2018, the regulatory standards for excessive trading behavior of stock index futures have been adjusted to 50 contracts for a single contract, and the number of open positions for hedging transactions is not subject to this limit;

Third, since December 3, 2018, the standard for trading the stock index futures trading volume has been adjusted to 4.6 parts per million.

After the implementation of the above measures, China Financial Futures Exchange will continue to track the implementation of evaluation measures, strengthen market risk monitoring and trading behavior supervision, and ensure the safe and stable operation of the stock index futures market.

Heavy three

Index "big change of blood"! The index of Shanghai and Shenzhen 300, SSE 50 and other indicators will be adjusted from December 17

In this sample stock adjustment, the SSE 50 Index replaced 5 stocks, Industrial Fulian, China Construction Bank, etc. entered the index, China Merchants Securities, Oriental Securities, etc. were transferred out of the index; Shanghai and Shenzhen 300 Index replaced 24 stocks, Industrial Fulian, Stocks such as WuXi PharmaTech entered the index, and Wanda Movies and Lujiazui were transferred to the index.

In this adjustment of the Shanghai and Shenzhen 300 Index, the medical and health industry became the biggest winner, 8 medical and health industry stocks were transferred to the index, only 1 was transferred, while the optional consumer and financial real estate stocks were netted this time. The number is larger, and 7 and 5 are respectively transferred, and only one is transferred.

Heavy four

Financial management company management method to issue public funds can be directly invested in the stock market

On the 2nd, the China Banking Regulatory Commission officially promulgated the "Management Measures for Commercial Banking Financial Subsidiaries" to make specific provisions on access conditions, business rules and risk management of financial subsidiaries.

According to the measures, in the early stage, the bank has allowed the private placement of wealth management products to directly invest in stocks and public offerings to indirectly invest in stocks through public funds, further allowing the public financing products issued by the financial subsidiaries to directly invest in stocks; The method does not set the starting point for the sale of wealth management products.

In terms of sales channels and investor suitability management, the method stipulates that financial products of financial subsidiaries can be sold through banking financial institutions or through other institutions approved by the Banking Regulatory Commission. With reference to other asset management product regulations, the method does not require individual investors to purchase wealth management products for the first time.

In terms of non-standard credit investment limit management, according to the characteristics of financial subsidiaries, the method only requires that the balance of non-standard credit assets investment should not exceed 35% of the net assets of wealth management products.

The person in charge of the relevant department of the Banking Insurance Regulatory Commission said that in the next step, commercial banks can combine their strategic planning and their own conditions, and establish a financial management subsidiary to conduct their asset management business in accordance with the principle of commercial voluntariness. They can also choose not to establish a new financial subsidiary, but to manage their finances. The business is integrated into other affiliates that have already completed the asset management business.

The data shows that the current balance of non-guaranteed wealth management products of banks in China exceeds 20 trillion.

How long will this A share surge last?

Essence Securities said that on the weekend, a favorable policy was introduced, and the market confidence recovery effect was significant. After a long-term decline, the valuation of small and medium-sized stocks was significantly reduced, and the market valuation can be repaired this week.

Southwest Securities believes that a major factor in the current suppression of the market has been slowed down in the ongoing conflict between China and the United States, and the economic downturn has been expected by the market, reflected in the downgrade of the previous market. At present, many indices are at historical lows. The valuations of the Shanghai Composite Index, the GEM and the SME Index are all at the lowest 10% of the historical average. At the same time, the state has introduced various policies to support the development of various types of enterprises, including private enterprises. At the regulatory level, the transaction was also reasonably relaxed, and no multiple supervision at the operational level was carried out. In this sense, the current market rebound is expected to continue and can continue to be cautiously optimistic.

Responsible editor: Ge

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