Category: Flash News

On December 31, 2024, as the Hong Kong stock market has emerged from a reversal and recovery trend, the repurchase efforts of Hong Kong listed companies have continued to increase. According to data, as of December 30th, a total of 280 Hong Kong listed companies have implemented buybacks during the year, a year-on-year increase of 35%; The total repurchase amount reached HKD 263.441 billion, a significant increase of 108% year-on-year. Since December alone, 111 Hong Kong listed companies have initiated buybacks, with a total of approximately 674 million shares repurchased and a repurchase amount of HKD 20.446 billion. (Securities Daily)

On December 31st, New Gio RV will go public from December 31st, 2024 to January 8th, 2025. The company plans to issue 240 million shares globally, with Hong Kong accounting for 10% and international accounting for 90%. The offering price per share is HKD 1.24-1.64, with 2000 shares per lot. It is expected that the company’s shares will start trading on the Stock Exchange at 9:00 am (Hong Kong time) on Monday, January 13, 2025.

On December 31st, a set of data provided by the World Gold Council to reporters showed that since the beginning of this year, international gold prices have broken historical records 40 times, and the total demand for gold exceeded 100 billion US dollars for the first time in the third quarter. Goldman Sachs stated in its research report that the structural driving factors of international gold prices will remain robust in 2025. Due to central bank purchases and US interest rate cuts, it is expected that international gold prices will rise to a record high of $3000 per ounce. JPMorgan also stated that although international gold prices may fluctuate in the short term due to weakened expectations of US interest rate cuts, in the long run, the structural bull market remains unchanged, and it is expected that international gold prices will reach $3000 per ounce by the end of 2025. (Securities Daily)

On December 31st, it was reported that since the beginning of this year, the bond market has continued to play a role in achieving tangible results. Among them, the financing scale of the technology innovation company bond market is rapidly expanding, and the pace of serving the field of technology innovation is constantly accelerating. According to data statistics, as of December 30th this year, a total of 537 sci-tech innovation bonds have been issued, with a total issuance scale of 611.151 billion yuan. The number and scale of issuances have increased by 68.87% and 75.17% respectively compared to the same period last year. At the same time, from the perspective of issuance trends, the issuance of internal innovation bonds this year presents characteristics such as diversified issuance methods, high credit ratings of issuing entities, low coupon rates, large issuance scales, and flexible issuance terms. (Securities Daily)

On December 31, 2025, the Ministry of Finance issued the “Interim Provisions on Accounting Treatment of Enterprise Data Resources”, which will officially come into effect for one year. This year, enterprises across the country have responded and actively participated in this wave of data assetization. Among them, some listed companies have regarded data assets as a new engine to enhance their competitiveness, as an important lever to optimize debt structure, broaden financing channels, and reduce financing costs. Yu Fenghui, a specially invited researcher at the China Financial Think Tank, stated in an interview that enterprises should actively integrate into the overall development situation and seize the trend and opportunities of “data” generating “gold” in the era of big data. Major financial institutions should also continue to promote financial innovation services, participate in data asset evaluation mechanisms, and provide solid and powerful financing support and guarantee services for innovative enterprises. Only in this way can enterprises truly upgrade from “data intellectual property” to “data assets” and turn “quantity” into gold. (Securities Daily)

On December 31st, 2024 is coming to an end, and the implementation process of dividends for listed companies is being vigorously promoted. On the evening of December 30th, over 20 listed companies issued dividend related announcements (dividend plans, dividend progress, and dividend implementation announcements), among which more than 10 listed companies issued dividend implementation announcements. Banks have always been the sector with the highest dividend payout in A-shares. Recently, the mid-term dividends of bank stocks have gradually entered the implementation stage. According to data statistics, as of the evening of December 30, 2024, 9 banks have implemented a total of 33.701 billion yuan in mid-term dividends. There are still 14 banks waiting to implement mid-term dividends, involving an amount of 224.297 billion yuan. Market insiders predict that mid-term dividends for bank stocks are expected to be distributed gradually in January 2025 and are expected to arrive before the Spring Festival. (Securities Daily)

On December 31st, since 2024, the deposit interest rates of commercial banks have been continuously lowered, and many depositors’ funds have flowed into the bank wealth management market. Industry insiders say that 2024 is truly a “big year” for the development of the banking and wealth management industry. Currently, the industry’s scale has exceeded 30 trillion yuan, and the attractiveness of products continues to increase. From the perspective of yield, the average annualized yield of cash management and fixed income financial products at the end of 2024 has decreased compared to the end of 2023, while the average annualized yield of hybrid and equity financial products has increased compared to the end of 2023. In the low interest rate market environment, the investment yield of fixed income assets is decreasing, so increasing the proportion of equity assets has become a consensus among bank wealth management institutions. At the same time, regulatory authorities are becoming increasingly strict in their requirements for de nesting and de channeling the banking wealth management industry, and “embracing volatility” may become the main development trend of the industry in 2025. (China Securities Journal)

On December 31st, it was reported that since the beginning of this year, the popularity of issuing “Panda bonds” has been continuously increasing, with record numbers and amounts of issuance. According to data, as of December 30th, based on the bond value date, 109 “Panda Bonds” have been issued this year, with a total issuance amount of 194.8 billion yuan. Compared with the whole year of last year, the number and amount of issuances have increased by 15.96% and 26.12% respectively. Experts say that factors such as lower financing costs and further improvement of relevant systems have enhanced the attractiveness of “Panda Bonds”. It is expected that domestic financing costs will remain relatively low. Under this advantage, “Panda Bonds” are expected to continue to expand. (China Securities Journal)

On December 31st, with the vigorous development of artificial intelligence and robotics technology, the humanoid robot industry has ushered in unprecedented development opportunities and has attracted attention from all walks of life. Data shows that from January to October 2024, there were 69 financing events in the global humanoid robot industry, with a total announced financing amount exceeding 11 billion yuan. The number of humanoid robot companies in China has increased from 31 at the beginning of the year to 80, and new robot products are emerging in endlessly. Industry insiders believe that the development of humanoid robots still needs to overcome a series of common technologies, including AI capabilities and hardware capabilities. The improvement of AI capabilities cannot be achieved without large-scale datasets, and the integration of validated data that meets universal standards is a must-have for the embodied intelligence industry. The reporter noticed that recently, innovation centers jointly established by multiple countries and regions are focusing on promoting solutions to the issues of open source and standardization of datasets. (China Securities Journal)

On December 31, according to the U.S. Commodity Futures Trading Commission (CFTC), as of December 24, speculators had reduced the net short position of CBOT U.S. two-year treasury bond futures by 6298 contracts to 1252975 contracts; Reduce the net short position of CBOT US five-year treasury bond bond futures by 1895 contracts to 1760422 contracts; The net short position of CBOT US 10-year treasury bond bond futures was reduced by 141543 contracts to 591374 contracts; The net short position of CBOT US ultra long term treasury bond bond futures was reduced by 15012 contracts to 204292 contracts.