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Hong Kong stock market anomaly | Car dealers/auto retailers lead the gains, domestic passenger vehicle market price war stabilizing, reportedly some domestic silver banks have temporarily suspended the "high interest high return" cooperation.
Auto retailers lead the way, as of the time of publication, meidong auto (01268) rose by 5.63% to HK$2.44; zhongsheng hldg (00881) rose by 4.44% to HK$12.24; yongda auto (03669) rose by 3.61% to HK$1.72.
Reportedly, adjustments to mainland China's automobile financial business have led to some mainland silver temporarily suspending "high-interest, high-return" car loans.
According to the "21st Century Economic Daily", recently some commercial banks in mainland China have adjusted their automobile finance business, with some state-owned major banks temporarily suspending the "high interest high return" (also known as "high finance and high lending") automobile loan business in certain regions, but enforcement varies. Some individuals in the automobile finance industry have indicated that many dealer groups have also been negotiating with banks to gradually cease cooperation on the "high interest high return" scheme, although there are some differences among cities and branches. The so-called "high interest high return" business refers to some mainland commercial banks collaborating with dealers to promote automobile finance services, where banks attract dealers to participate with high commissions, and dealers receive commissions from banks as incentives.
October 21st Buyback Compilation | hsbc holdings, aia and others have successively repurchased, with hsbc holdings spending 0.102 billion Hong Kong dollars.
According to the disclosure documents released by hkex on October 22, hsbc holdings (00005.HK) and aia (01299.HK) repurchased shares. ① Hsbc holdings (00005.HK) repurchased 1.484 million shares of common stock on October 18, involving 0.102 billion Hong Kong dollars, with the repurchase price per share ranging from 69.1 Hong Kong dollars to 68.4 Hong Kong dollars. ② Aia (01299.HK) repurchased 1.002 million shares of common stock on October 21, involving 62.3921 million Hong Kong dollars, with the repurchase price per share ranging from 62.9 Hong Kong dollars.
October 15th buyback collection | hsbc holdings, aia and others have all repurchased, with hsbc holdings spending 0.101 billion Hong Kong dollars.
According to the disclosure documents filed by hkex on October 16, hsbc holdings (00005.HK), aia (01299.HK), and others repurchased shares. ① hsbc holdings (00005.HK) repurchased 1.4868 million shares of common stock on October 14, involving an amount of 0.101 billion Hong Kong dollars, with repurchase prices ranging from 68.7 Hong Kong dollars to 67.65 Hong Kong dollars per share. ② aia (01299.HK) repurchased 0.9816 million shares of common stock on October 15, involving an amount of 63.5501 million Hong Kong dollars, with repurchase prices ranging from 66.3
yongda auto (03669.HK) spent 1.594 million Hong Kong dollars on repurchasing 1 million shares on October 15th.
On October 15th, the Yongda Auto (03669.HK) announced that it repurchased 1 million shares for 1.594 million Hong Kong dollars on October 15th.
Cui Dongshu predicts that mainland automobile retail sales will reach 22.3 million vehicles this year, indicating that mainland automobiles will not be 'choked'.
China Passenger Vehicle Market Information Joint Secretary-General Cui Dongshu stated at the 'World New Energy Automobile Conference' that mainland China's retail sales volume of automobiles is expected to reach 22.3 million vehicles in 2024, with a 3% annual growth rate. The retail sales volume of new energy passenger vehicles in mainland China is expected to reach 10.4 million vehicles, with a 34% annual growth rate. At the end of last year, the China Passenger Car Association estimated that the mainland's retail sales volume of passenger vehicles in 2024 would be 22.2 million vehicles. In addition, Cui Dongshu mentioned that China plays an important role in the rapid transformation of global new energy automobiles, believing that China's automotive industry will not be 'neck and neck' as the mainland's supply chain has a strong foundation in consumer electronics.
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