Hong Kong stock market morning report on December 23: Biden signed a bill to prevent the USA government from "shutting down". The performance of China Concept Stocks shows divergence.
① Biden signed an emergency funding bill to prevent a "shutdown" of the USA government. ② The USA's November core PCE price index rose 2.8% year-on-year, which was lower than expected. ③ The three major stock indexes in the USA opened lower and closed higher last Friday, while China Concept Stocks showed mixed performance. ④ NYMEX Henry Hub Natural Gas Futures rose more than 14% last week. ⑤ Federal Reserve's Goolsbee stated that interest rates may decline within 12 to 18 months.
PDD Holdings Unusual Options Activity
The "Regulations on the Reporting of Tax-related Information by Internet Platform Enterprises" is open to public opinion.
The tax authorities will keep the obtained tax-related information confidential according to the law, establish a data security management system for tax-related information in accordance with relevant regulations, and ensure data security.
Bipartisan senators request a grace period for TikTok: they wrote a letter urging Biden to postpone the ban by 90 days.
Senators Ed Markey and Rand Paul urged Biden to extend the deadline for ByteDance to sell TikTok by 90 days; these two lawmakers stated that the ban legislation might be overturned by the Supreme Court and could affect freedom of speech in the USA, so the deadline should be appropriately postponed; the USA Supreme Court is reviewing the appeal filed by TikTok and will hold a debate in January.
Daihang reported that Daiwa has reaffirmed a positive view on China's Internet Industry, with their top picks being Ctrip (TCOM.US), Tencent (00700.HK), Meituan (03690.HK), PDD Holdings (PDD.US), and Donghai (SE.US).
Daiwa published a research report indicating that the outlook for China's Internet Industry is bright but needs to remain flexible. The firm pointed out that overseas expansion is still the main growth driver, and increasing domestic Consumer stimulus measures will become a key focus in 2025. The firm expressed hope for some potentially significant events, including DiDi Global Inc's listing in Hong Kong, KE Holdings' dual Main Board listing, and merger opportunities. The firm reaffirmed its positive view of the Industry, with top picks including Trip.com (TCOM.US), Tencent (00700.HK), MEITUAN-W (03690.HK), PDD Holdings (PDD.US), and Full Truck Alliance (YMM.
Express News | Huajin Securities: The new feature in WeChat Mini Stores promotes dual circulation of internal and external traffic.