Guoxin will increase its holdings of A-shares in the coming week or every day, and the United States will take a heavy hand on Chinese companies
A-shares once again underperformed the world
This week, the core PCE released by the United States in November was in line with expectations, and the Markit manufacturing PMI in November exceeded expectations again, and the market's expectations for the Fed to cut interest rates became more and more consistent, even if Fed Chairman Powell was hawkish on Friday, the market still did not care too much, the yield on US 10 bonds continued to fall to the 4.2% mark, the dollar index also rose and fell, and European and American stock markets generally closed up.
Renminbi assets performed poorly this week, and while the renminbi remained stable, the stock market was in shambles. Needless to say, I don't know which institution is passing on next year's deficit rate is less than expected, the Shanghai Composite Index once fell below 3,000 points on Friday, fortunately, another national team in the intraday Guoxin Investment entered the market to protect the disk, making the index deep V at the end, but the three major indexes of A shares still closed down this week. Hong Kong stocks did not perform badly in October, but 11 was also dragged down this week, and the Hang Seng Index and Hang Seng Technology Index both fell more than 4%.
In terms of industries, coal, social services, media, communications, electronics and other industries led the gains, while real estate, beauty care, building materials, power equipment and other industries led the decline.
From the perspective of the subdivision track, stimulated by Pika on Friday, the AI sector soared, and the game ETF rose by more than 8% in a single day. This week, ETFs such as games, coal, VR, artificial intelligence, cloud computing, and chips led the gains.
Weekend hits
The biggest positive on Friday is that Guoxin Investment increased its holdings in the technology ETF of central enterprises, according to the latest news from China Securities News, Guoxin may continue to increase its holdings every day in the next week.
In addition, Li Yunze, director of the State Administration of Financial Regulation, said that in the next step, we will closely focus on strong supervision and strict supervision, resolutely achieve "long teeth and thorns", and continue to improve the forward-looking, accurate, effective and collaborative nature of supervision.
Among them, with regard to the capital market, Li Yunze stressed that strict law enforcement dares to show the sword. We should thoroughly rectify the chaos in the financial market, and ensure that we adhere to principles, dare to face tough problems, treat everyone equally, and be fair and just. Focus on the "key things" that affect financial stability, the "key people" that cause major financial risks, and the "key behaviors" that undermine the market order, and really hit the board accurately and painfully. In conjunction with relevant departments, we will strictly deal with third-party intermediaries that violate laws and regulations. Strengthen the linkage of supervision and examination, the connection of executions, and the integration of discipline and law, and effectively increase the cost of violations of laws and regulations.
There was also a downside over the weekend, according to Oriental Fortune News, the U.S. government issued proposed new rules on tax breaks for electric vehicles on the same day, clarifying what kind of electric vehicles are eligible for tax relief and restricting electric vehicle manufacturers from China or other rival countries to purchase battery materials.
According to NetEase News, according to a report by Lianhe Zaobao on November 30, the U.S. House Foreign Relations Committee passed a controversial bill that stipulates that Hong Kong's economic and trade office in the United States must close within 180 days if it is found unworthy of its current privileges and diplomatic immunity. This move has aroused strong opposition from the Hong Kong SAR government.
The sharp drop in U.S. Treasury yields in November and the sharp rebound in global stock markets were triggered by the U.S. employment data released at the beginning of the month that fell short of expectations, and this week will enter this critical window period, with the U.S. releasing November small non-farm payrolls data on Wednesday, and the November non-farm payrolls data and unemployment rate on Friday. At present, the market is more optimistic about the Fed's interest rate cut expectations, and beware of data exceeding expectations that lead to downward revisions to market expectations.
Risk Warning:
The stock market is risky, investment needs to be cautious, this article does not constitute investment advice, readers need to think independently