日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Experts: Lackluster major overseas stock indexes unlikely to affect A-share market

By SHI JING in Shanghai | CHINA DAILY | Updated: 2021-09-22 07:04
Share
Share - WeChat
Zhang Xiaoquan, a scissor brand with a 400-year history, was recently listed on the A-share stock market, whereupon its stock prices rose by almost four times on its first day of trading. [Photo/IC]

While major overseas stock indexes slumped in the first two trading days of the week, the drops are unlikely to have a huge impact on China's A-share market, thanks to its relative independence and adequate liquidity, experts said.

The A-share market was closed on Monday and Tuesday due to the Mid-Autumn Festival holiday.

Following a slide on Monday, the Hang Seng Index in Hong Kong eked out 0.51 percent gain on Tuesday, with insurance companies and market consulting firms leading the rebound. The index closed at 24,099 points on Monday-the lowest level of the year. Property developers dragged down its performance, with Sinic Holdings shares tumbling by 87 percent on Monday and troubled property developer Evergrande shedding more than 10 percent by the close.

Li Lifeng, chief strategist at Huaxi Securities, said that the fluctuations of the Hong Kong stock market are the result of overseas investors' excessive worries over the domestic economy and policies. However, risks in the property market are under control and it's "hardly possible" to incur systematic risks, Li said. Better performing industries will soon lead a price rally as the valuation risks have been accounted for by the recent adjustments, he said.

Given the relatively low correlation between major overseas markets and the A-share market, the decline of overseas indexes is less likely to exert an impact on the benchmark A-share indexes, said experts from Guotai Jun'an Securities.

Zhu Hong, investment director of Nuode Asset Management, said the overall market liquidity in the A-share market is still adequate to stimulate further economic growth. Taking into account the central regulator's tighter grip on property market speculation and the crackdown on the rigid payment of asset management products, there is a lack of investment targets in China.

Therefore, the A-share market will continue to be the major channel for household investment in the mid to long term, with major indexes ticking up through fluctuations. Healthcare, new energy, technology and consumption companies may provide the most opportunities, Zhu said.

The Singapore-traded FTSE China A50 futures, which are used to hedge exposure to stocks listed in Shanghai and Shenzhen, closed 3 percentage points lower on Monday.

The correlation between the Hang Seng Index and the FTSE China A50 futures has been high since late July, with both slumping by over 10 percent. However, a correlation is not found in the A-share market, as the Shanghai Composite Index has gained more than 2 percentage points over the same period, said Guotai Jun'an experts.

The benchmark Shanghai Composite Index and Shenzhen Component Index both reported gains on Friday, the last trading day before Mid-Autumn Festival.

The combined trading volume of the Shanghai and Shenzhen bourses topped 1.33 trillion yuan ($206 billion) on Friday, marking the 43rd consecutive trading day that the total trading volume of the A-share market exceeded 1 trillion yuan. Similar trading activity was seen during the bullish period of the A-share market in 2015 from May to July.

More details about the highly anticipated Beijing Stock Exchange were released when the market closed on Friday. Retail investors with at least 500,000 yuan worth of assets in their securities accounts during the most recent 20 trading days will be qualified to trade on the new bourse. The 500,000 yuan threshold is a major reduction from the 1 million yuan level adopted at NEEQ Select, which the BSE is founded on.

By setting such a threshold, the number of individual investors at the Beijing bourse is expected to double. As trading activity of existing investors increases, market liquidity will be largely increased, said analysts at Kaiyuan Securities.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 一级黄色a级片 | 黄色精品在线观看 | 中文字幕在线中文 | 麻豆国产免费 | 国产成人自拍视频在线 | 99色在线 | 久久精品国产一区二区 | 在线看片 | 播播网色播播 | 亚洲一区二区三区四区av | 日韩欧美一级视频 | 欧美国产一区二区 | 国产精品婷婷 | 成人午夜精品福利免费 | 国产一区二区三区视频免费观看 | 一区二区三区在线免费观看视频 | 男女爱爱视频免费看 | 成人在线视频免费观看 | 91一区二区| 免费一二三区 | 国产三级91 | 欧美精品一区二区三区四区 | 欧美精品日韩少妇 | 黄色欧美网站 | 在线综合视频 | 日本免费黄色 | 青草国产视频 | 欧美亚洲黄色 | 欧美a在线播放 | 欧美激情站 | 在线看片成人 | 欧美自拍偷拍 | 国产精品最新 | 中国第一毛片 | 久久免费视频观看 | 91精品国产麻豆国产自产在线 | 成人精品国产免费网站 | 日韩欧美91 | 亚洲国产精品久久久 | 亚洲永久免费 | 日韩精品第一页 |