bullish
Hong Kong/China Brokers: TAKE THE OFFER!
407 Views25 Sep 2024 16:43
BJG announced a Stock Stabilizaiton Fund to inject liquidity into the market. HK/China brokers benefit from market support measures. The GJH merger is the start of the industry's consolidation.
What is covered in the Full Insight:
- Stock Stabilization Fund Announcement
- PBOC Monetary Policy Adjustments
- Brokerage Industry Consolidation
- The Mega-Merger: Haitong and Guotai Junan
- Upcoming IPO Trends in Hong Kong
Boomeranged on Wed, 2 Oct 2024 15:02
The HK/China brokers: 6030, 3908, 6886, 6806, 6881, 1776, 6178, 1456, 165, and 6099 have gained between 90% and 100% since the report was published last week. Guotai Junan and Haitong remain suspended due to their pending merger. Trading volumes in China before the National Holiday rose 400% and in Hong Kong by trading volume hit an historic record of 500B on Friday which was 400% of average.
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David Mudd
Asian Hedge Fund Manager, Long Short Equity, Macro
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