October 21st Macroeconomic Index: Panda Bond Issuance Surges, Second Batch of CSI A500 Index Funds Set to Launch
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Domestic News
1. The popularity of panda bonds has risen. The scale of issuance during the year has exceeded that of last year
2. Drift funds are expected to return, and incremental funds of consumer stocks are on the way.
3. "Balanced allocation" has become the key word of the investment advisor's strategy in the fourth quarter
4. The second batch of CSI A500 index funds will be launched soon
5. During the disclosure window period of the third quarterly report, the institution will study and judge the investment direction
International News
1. North Korea confirmed that it has completely closed the roads and railways connecting its southern border with Korea
2. Iran's Foreign Minister: The communication channel between Iran and the United States is still open
3. UNIFIL stated that its watchtower had been attacked by Israeli tanks
4. Turkey's official statement: A clash broke out on the Syrian side of the Turkish-Syrian border, causing a rocket to fall into Turkey
5. President of Algeria: Holding elections is the only way to solve the Libya problem
Domestic News
1. The popularity of panda bonds has risen. The scale of issuance during the year has exceeded that of last year
The reporter combed through the data and found that as of October 16, 95 panda bonds had been issued during the year, with a total issuance amount of 161 billion yuan, which has exceeded the level of 154.45 billion yuan in 2023. Compared with the same period last year (from January 1 to October 16, 2023, the total issuance amount was 126.4 billion yuan), the issuance amount increased by about 27.4%. "The issuance data shows that the panda bond market continues to expand rapidly." Zhu Hualei, senior investment adviser of Jufeng Investment Advisor, said that from the perspective of issuers, in addition to traditional red-chip companies, the participation of pure foreign issuers is also increasing, including a number of well-known enterprises also debuted in the panda bond market for the first time.
2. Drift funds are expected to return, and incremental funds of consumer stocks are on the way.
With the continuous implementation of consumption stimulus policies, the new retail and new consumption tracks that have previously underperformed are expected to gradually catch up. On October 16, the performance of the new retail and new consumption track of Hong Kong stocks was eye-catching, and the share price of Chabaidao soared 80.5% intraday, and although the closing increase narrowed significantly, it still rose nearly 30%. In addition, Sun Art Retail closed up 15.08%, Oriental Selection rose 5.57%, and Nayuki shares soared 27.3% intraday to close up 4.3%. Industry participates believe that with the significant pull of the government's stimulus policy on the domestic economy, consumer confidence is continuing to pick up and heat up, and the consumption-themed funds that have drifted to other tracks are expected to become new incremental funds in the consumer sector.
3. "Balanced allocation" has become the key word of the investment advisor's strategy in the fourth quarter
Recently, many fund investment advisory products have accelerated the pace of adjusting positions and changing "bases". The reporter found that after the National Day holiday, the investment advisory portfolios of fund companies such as Bank of Communications Schroder Fund and China Asset Management adjusted their position strategies and issued position adjustment reports. In addition, a number of investment advisory portfolios have also started "departure" plans based on the research and judgment of the recent market. Some industry participates said that after the market rose sharply at the end of September, the valuation of A-shares has completed a certain degree of repair. However, the effect of the policy released in the early stage needs to be verified by further economic data, and the short-term market sentiment tends to be cautious, and investors need to properly control their positions. At the same time, the mode of incremental funds entering the market may come to an end, which also provides more room for investors with patient capital attributes.
4. The second batch of CSI A500 index funds will be launched soon
On the evening of October 15, the official website of the China Securities Regulatory Commission showed that nearly 40 institutions, including China Southern Fund, Wells Fargo Fund, Yinhua Fund, Harvest Fund, China Asset Management and China Europe Fund, reported a total of 43 CSI A500 index fund related materials have been accepted; This indicates that the second batch of CSI A500 index funds is about to be launched.
5. During the disclosure window period of the third quarterly report, the institution will study and judge the investment direction
Entering October, A-share companies have entered the disclosure period of the third quarter of 2024, and the attention of market funds to the fundamentals of listed companies is also increasing. A number of institutions said that after the recent sharp rise in the market, there have been twists and turns, and fundamentals may become the focus of trading, and it is expected that companies and industries with better-than-expected performance in the third quarter will become the main line of the market stage.
International News
1. North Korea confirmed that it has completely closed the roads and railways connecting its southern border with Korea
On the 17th, it was learned from the Ministry of National Defense of the DPRK that the DPRK has completely closed the roads and railways connecting the southern border area with South Korea. According to the report, the North Korean side used blasting measures to physically and completely cut off the North Korean side of the road and railway connecting with Korea. This is a legitimate measure taken by the DPRK in accordance with the requirements of the DPRK constitution to "designate Korea as a thoroughly hostile state" and the serious security environment in which the hostile forces have seriously provoked political and military provocations, resulting in a serious security environment in which war is on the verge of breaking out. A spokesman for the Ministry of Land and Environmental Protection said that the blasting had no negative impact on the surrounding ecological environment, and since then the connecting channel between North Korea and Korea has been completely separated. A spokesman for the DPRK's Ministry of National Defense said that the DPRK will continue to take measures to permanently fortify the closed southern border.
2. Iran's Foreign Minister: The communication channel between Iran and the United States is still open
Iran Foreign Minister Araghzi said on the 16th that the communication channels between Iran and United States are still open. According to the Islamic Republic of Iran News Agency, Araghzi, who is visiting Jordan, told the media that the exchange of information between Iran and the United States is important to dispel misunderstandings and prevent possible miscalculations. Iran lines of communication with United States have always existed and will continue to be open.
3. UNIFIL stated that its watchtower had been attacked by Israeli tanks
The United Nations Interim Force in Lebanon (UNIFIL) issued a statement on the 16th, saying that an Israel army tank fired at a UNIFIL watchtower in the village of Kira in southern Lebanon on the same day. The statement said UNIFIL soldiers in the village of Kira had witnessed an Israeli Merkava tank firing at their watchtower that morning. As a result of the attack, two UNIFIL cameras were damaged and the watchtower was damaged. The statement stated that this was yet another "direct and apparently deliberate firing" at UNIFIL positions. The statement reminded the Israel Defense Forces and all actors of their responsibility to ensure the safety and security of United Nations personnel and property and to respect the inviolability of United Nations premises at all times.
4. Turkey's official statement: A clash broke out on the Syrian side of the Turkish-Syrian border, causing a rocket to fall into Turkey
On October 16, local time, the information bureau of the Turkey presidential office released news that a rocket fell on the Turkish side and caused a fire during the clash on the Turkish-Syrian border that day. Turkey's security forces were not involved in the conflict, and there were no attacks on Turkey's borders. The statement urged the population not to trust any statements made by sources other than official sources. In addition, the city government of the Turkey border city of Kylis also issued a statement saying that at about 17:53 local time on the 16th, Syria opposition forces clashed on the Turkish-Syrian border, and a rocket fell on the Turkish side and caught fire during the conflict. The statement said that in this incident, Kilis was not attacked in any way.
5. President of Algeria: Holding elections is the only way to solve the Libya problem
On October 16, local time, Algeria President Tebben met with Manfi, Chairman of the Libya Presidential Council. At a joint press conference after the talks, Tebben said the two sides discussed bilateral cooperation and the current situation in Libya during the talks. Tebben stressed that holding elections is the only way to solve the Libya problem. Tebben also said that the two sides agreed to hold talks in Libya within the framework of trilateral (Algeria-Tunisia-Libya) consultations, with the exact date to be determined by Manfi.
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