Category: Flash News

On December 30th, driven by unique heavy holdings, five small public funds’ products currently dominate the top five active equity fund performance rankings this year. In this year’s fund performance ranking battle, the top ten fund managers have fiercely competed for performance rankings due to their highly homogeneous holdings. With only the last two trading days left this year, the lowest performance gap among the top five is only 0.01 percentage points, which is relatively rare. It is precisely because most of the top performing funds have highly similar heavy holdings, that the unique heavy holdings of ‘what I have and what you don’t have’ may become the core factor affecting the final ranking. Another noteworthy phenomenon is that among the top performing active equity funds this year, except for the current first place, the size of other funds has not increased significantly, and some products have experienced a significant reduction in size, which is in stark contrast to the significant increase in size of passive ETF funds this year. (Securities Times)

On December 30th, as of December 28th, the number of public fund products was 12400, the number of fund shares was 29.79 trillion, and the net asset value of the fund was nearly 31.9 trillion yuan. Calculated on an annual basis, the above three data are all new highs in recent years. What are the new changes in fund self purchase while the scale of public funds continues to rise? Fund self purchase refers to the behavior of fund companies or fund managers using their own funds to purchase fund products under their management. Industry insiders believe that large-scale self purchases by public funds not only inject incremental funds into A-shares, but also deeply bind the interests of fund companies and fund managers with those of investors, which is a way for them to convey confidence to the market and help stabilize market sentiment. (Securities Times)

On December 30th, last week, the A-share market fluctuated sideways, with the Shanghai Composite Index rising 0.95%, the Shenzhen Component Index rising 0.13%, the Sci Tech Innovation 50 rising 0.73%, and the ChiNext Index falling 0.22%. Last week, the number of ETF shares decreased by 1.043 billion, and the latest total share was 2636.385 billion; The total scale increased by 31.39 billion yuan, with the latest being 3773.28 billion yuan; The daily average transaction volume increased by 13.981 billion yuan to 232.821 billion yuan. In terms of classification, bond ETFs and stock ETFs had the highest net inflows last week, with net inflows of 3.807 billion yuan and 2.89 billion yuan, respectively. Last week, QDII cross-border ETFs had a net inflow of 1.544 billion yuan, while money market ETFs had a net outflow of 7.925 billion yuan. (Securities Times)

On December 30th, according to the preliminary analysis of the Hong Kong Observatory, a 5.0-magnitude earthquake occurred in Taiwan at 3:51 am on Monday, December 30th, 2024. The epicenter was located near 23.60 degrees north latitude and 120.79 degrees east longitude, about 44 kilometers northeast of Chiayi (about 690 kilometers northeast of Hong Kong), with a depth of about 5 kilometers. The Hong Kong Observatory has received reports from several citizens stating that they felt slight vibrations that lasted for several seconds. Preliminary analysis shows that the seismic intensity in Hong Kong is level II (2) of the revised Mercalli Intensity Scale, which is felt by people on the upper floors of buildings or in suitable locations while still.

On December 30th, special bond funds were used as project capital, which is an important measure to raise capital for major projects and effectively leverage government investment. Recently, the General Office of the State Council issued the “Opinions on Optimizing and Improving the Management Mechanism of Local Government Special Bonds”, clarifying that the scope of special bonds used as project capital will be expanded and the proportion of special bonds used as project capital will be increased. The interviewed experts believe that with a series of policy optimizations, the overall scale of using special bonds as project capital will increase, but implementation may be limited by the still limited scope of support and supporting commercial financing. To better expand effective investment, we should use a policy “combination punch”. While continuing to optimize the special bond policy, we also need to work together from the aspects of business environment and supporting financial support policies. (Securities Times)

On December 30th, according to the website of the Ukrainian “Censorate” on the 29th, Andriy Melinik, the Permanent Representative of Ukraine to the United Nations, recently stated in an interview with German media that international security guarantees are crucial in the temporary security solution for Ukraine before joining NATO. Melinik said that joining NATO is still on the Ukrainian agenda, but for the temporary solution before Ukraine’s accession to the treaty, international security guarantees are of paramount importance. He emphasized that the international security guarantees provided by Western allies “must go beyond pure political promises” and must carefully elaborate on what military means partner countries will use to protect Ukraine when it is attacked again. Melinik believes that Ukraine can sign bilateral or multilateral security agreements with Western allies, and Ukraine needs Western allies to provide a “firm defense commitment” with international legal binding force. Melinik said that international security guarantees may become part of a future peace treaty between Ukraine and Russia.

On December 30th, the Croatian presidential election ended at 19:00 local time on December 29th. According to the first exit poll, incumbent Social Democratic Party candidate Milanovic received 51.48% of the vote. Croatian Democratic Community candidate Dragan Prymorac closely follows with 19.29% support, while independent candidate Maria Rasputin ranks third with 8.84% support.

On December 30th, Jordanian Deputy Prime Minister and Minister of Foreign Affairs and Overseas Chinese Affairs Safadi had a phone call with Russian Foreign Minister Lavrov on December 29th local time, and the two sides discussed the development of the situation in Syria and Palestine Israel. Safadi emphasized that Jordan firmly supports the Syrian people in rebuilding their country through a comprehensive political process led by Syrians, and forming a new system that can safeguard the rights of all Syrians, maintain Syrian unity, solidarity, sovereignty, security, and stability. At the same time, Safadi warned of the consequences of Israel’s continued aggression against Gaza and emphasized the need for an immediate and lasting ceasefire agreement, opening all channels to provide timely and adequate humanitarian aid to various areas of the Gaza Strip. Safadi and Lavrov reiterated their commitment to strengthening bilateral cooperation and coordinating on regional issues to promote regional security and stability, and achieve a fair peace.

On December 30th, it was reported that on the afternoon of December 29th local time, the Israeli army attacked the northwest area of the Nuseirat refugee camp in the central Gaza Strip, resulting in 9 deaths and at least 15 injuries. In addition, the Israeli army bombed a house in the northern Gaza Strip town of Beit Hanoun, resulting in 7 deaths and multiple injuries. Previously, the Israeli military issued evacuation orders for the residents near the Jabaliya refugee camp. At present, there is no response from the Israeli side to the attack. (CCTV News)

On December 30th, the National Transportation Safety Board (NTSB) of the United States issued a statement on social media platforms on December 29th, stating that the NTSB is leading a team to assist South Korea in investigating the Jeju Air passenger plane collision and fire accident that occurred at South Korea’s Woan Airport on December 29th. The team is composed of investigators from NTSB, Boeing, and the Federal Aviation Administration (FAA).