Economic Indicators - China's social financing scale decreased by nearly 200 billion RMB (approximately $27.7 billion) in April, marking the first decline since 2017[21] - New RMB loans in April were 731 billion RMB, below the expected 916 billion RMB[21] - China's CPI rose by 0.3% in April, compared to 0.1% in March, while PPI fell by 2.5%[21] Market Performance - The Shanghai Composite Index rose by 0.01% to 3154.55 points, while the Shenzhen Component fell by 0.58% and the ChiNext Index dropped by 1.15%[1] - The Hang Seng Index increased by 2.30% to 18963.68 points, with the Hang Seng Tech Index up by 0.38% and the China Enterprises Index rising by 2.41%[1] Federal Reserve Outlook - Federal Reserve Governor Michelle Bowman indicated that there will be no interest rate cuts in 2024 due to persistent inflation concerns[6] - Dallas Fed President Lorie Logan stated that it is too early to consider rate cuts, reflecting a consensus among Fed officials on maintaining high rates for an extended period[6] Corporate Developments - Country Garden paid approximately 65.95 million RMB in interest for two bond issues, temporarily alleviating default risks[7] - Ping An Insurance reduced its stake in HSBC by selling approximately 5.65 million shares for about 392 million HKD, lowering its holding to 7.98%[9]
港股盘前分析
Xin Yong An Guo Ji Zheng Quan·2024-05-13 03:06