There was a net inflow of HKD470.7 million in Southbound Trading to CHINA MOBILE (00941.HK), along with net inflows of HKD297.2 million to CNOOC (00883.HK) and HKD107.5 million to MEITUAN-W (03690.HK). Additionally, there was a net outflow of HKD144.1 million from TENCENT (00700.HK). The most active stock with the highest net inflow in the Shanghai-Hong Kong Stock Connect was TRACKER FUND (02800.HK) with HKD933.9 million, while CHINA MOBILE (00941.HK) had the highest net outflow of HKD56.4 million. In the Shenzhen-Hong Kong Stock Connect, CHINA MOBILE (00941.HK) had the highest net inflow of HKD527.1 million, while TENCENT (00700.HK) had the highest net outflow of HKD607 million. The total net inflow in Southbound Trading at close was HKD8 billion, accounting for 36.57% of the total transaction amount of HKD42.51 billion. [762fae69]
There has been a significant net inflow of over RMB10 billion in the Northbound Trading of the Shenzhen-Hong Kong Stock Connect. The specific details of the trading and the companies involved have not been mentioned in the provided content. This net inflow indicates a strong interest from investors in the Chinese stock market through the Stock Connect program. The Northbound Trading allows international investors to trade shares of Chinese companies listed on the Shenzhen and Shanghai stock exchanges. It provides an avenue for foreign investors to access the Chinese market and for Chinese companies to attract foreign investment.
In addition to the net inflow in Northbound Trading, there was a net outflow of over RMB10 billion from Northbound Trading. The exact timing of the outflow is not specified in the provided content. The outflow was reported by AASTOCKS Financial News. The article also mentions other topics such as the performance of the Hang Seng Index (HSI), the decline in NIO and XPENG stocks, and the introduction of temporary tariffs on Chinese electric vehicles by the European Union. The article also includes economic data from China, such as the increase in per capita disposable income and the decline in real estate development investment. Jefferies is mentioned as a source that has turned cautious on the credit risks of small developers with high gearing. The article also provides information on the average jobless rate in China, the HIBOR rate, and the sales prices of second-hand homes in China. The content includes various sections related to stocks, warrants, CBBCs, US stocks, forex, funds, and Morningstar. The article is published on the AASTOCKS.com website.
According to AASTOCKS.com, there was a net outflow of RMB1.7 billion from YANGTZE POWER in the Northbound Trading of the Shanghai-Hong Kong Stock Connect. The most active stocks with net inflow in pecking order for the Northbound Trading of Shanghai-Hong Kong Stock Connect were BANK OF JIANGSU (RMB617 million), KWEICHOW MOUTAI (RMB97.6 million), and FOXCONN INDUSTRIAL INTERNET (RMB93.8 million). The most active stocks with net outflow in pecking order were YANGTZE POWER (RMB1.7 billion), APPTEC (RMB1.6 billion), and BANKCOMM (RMB1.6 billion). For the Northbound Trading of Shenzhen-Hong Kong Stock Connect, the most active stocks with net inflow were CONTEMPORARY AMPEREX (RMB1.2 billion), ZHONGJI INNOLIGHT (RMB807.3 million), and MINDRAY BIO-MEDICAL (RMB737.1 million). The most active stocks with net outflow were WULIANGYE (RMB492.3 million), NAURA (RMB425.2 million), and MIDEA GP (RMB263.4 million). [e38cf1a4]
Financial regulators from the Chinese mainland and Hong Kong are enhancing the Swap Connect program to further open up China’s swap market to foreign investors. The enhancements include introducing features like IMM date-based interest rate swaps, compression services, and clearing of backdated contracts. The improvements aim to align with global trading products, reduce costs for investors, and foster active trading. Since its launch in May 2023, Swap Connect has facilitated over 3,600 transactions worth nearly 1.77 trillion yuan ($245 billion), significantly increasing foreign participation in China’s financial markets. China's Swap Connect, an interest rate swap market access scheme, is set to further promote the opening-up of China's financial market. The People's Bank of China, the Securities and Futures Commission of Hong Kong, and the Hong Kong Monetary Authority have jointly rolled out several enhancement measures for the scheme. These measures will expand the range of products falling under Swap Connect, improve program efficiency, and lower participation costs. Since its launch in May 2023, Swap Connect has facilitated interest rate swap deals with overseas central banks, commercial banks, and asset management institutions, with a total of 3,600 transactions and an aggregate notional amount of approximately 1.77 trillion yuan ($244.4 billion) as of April 2024. The enhancement measures address previous concerns by allowing for more enrichment of product types, optimization of supporting functions, and the addition of standardized contracts. The fee discount of the scheme will be extended for another year, and other incentives will be rolled out to reduce participation costs for investors. These measures aim to improve the convenience of transactions, risk management, and market liquidity, attracting more foreign investors to enter the market and invest in China's bond market. [de31a63e]