Source: Bloomberg
Author: John Cheng, Charlotte Yang, Winnie Hsu
Hong Kong's stock brokerage ushered in one of the busiest periods in his career. A senior person with 31 years of experience called Hong Kong's sudden rise in "One Hundred Years of Encounter".
Xu Yibin, chief executive officer of Hong Kong's large local securities firms Yaocai Securities, said that the company's account opening volume "surged".Many customers of the company have canceled their original holidays and were on standby 24 hours a day to handle the surge in customer consultation that had not been seen before.
After Beijing issued a milestone stimulating measure last week, the stock price of Chinese companies soared, and all the securities firms in Hong Kong felt similar rejoices.Tiger Securities, which is popular with Hong Kong retail investors, said that the number of account opening of the company last week has increased by 73%.
With the enthusiasm of investors, there are signs of overheating in some areas in the market. On Wednesday, some immortal stocks rose by more than 400%, and the stock price of several default real estate developers doubled.But at least for the time being, there is no sign of showing the buyer's fatigue.
As the stock market rose to many years, the turnover on Wednesday reached HK $ 434 billion (S $ 72.3 billion), which was slightly lower than the record set on Monday.Local media reports that the system of some brokerage and banks is overloaded, resulting in customers who need to line up to log in to mobile applications.
"I am very busy all day, I haven't eaten lunch because the customer has not stopped inquiring," said Wen Jie, director of the Investment Strategy of Kiki Asia, said, "We may always be busyThe market is optimistic, and the transaction volume may remain high. "
Sat Duhra, the fund manager of Junli Hengson, woke up at 3 am to see the price of the Chinese company's US deposit certificate at 3 am.His talks with analysts on Wednesday showed that his interest in markets such as South Korea and India is fading."China has become the only choice," he said.
The Hong Kong Hang Seng Index rose 6.2%on Wednesday, and the Hang Seng China Enterprise Index closed up 7.1%.The China CSI 300 index officially entered the bull market on Monday, and then closed the market due to a one -week public holiday.
This wave has made the Chinese stock market the best market for this year.The current changes are overwhelming, because most of the past few years, due to the difficulties of China's economy, the real estate market has declined longer and longer. For foreign investment porters, China is a difficult choice.Today, traders will continue to increase confidence in the bull market.
"We heard that foreign pure funds are discussing whether they want to end their low -ending of Chinese stocks," said Linda LamAs a result, the stock market has a panic buying model today.
The violent fluctuations of the stock price make it difficult for many people to chase.
"Everything has become too fast," said Daisy Li, manager of EFG Asset Management Fund, said, "The speed of market rising makes it difficult for long -term investors The
Hang Seng Index's single -day increase was the largest since November 2022. At that time, China withdrawn from the crown disease zero policy and gave the sluggish stock market a strong heart.
Those who have entered the market longer think of a longer history.Xu Yibin's Xu Yibin said that the current market reminds him of the bull market in Hong Kong and the mainland in 2015 when he fired in 2015.
Bubbles were eventually shattered in mid -2015, and the Hong Kong stock market fell half of the next nine months.
