1. The major banks collectively announced interest rate cuts and lowered deposit interest rates.
As of Friday, the leaders of the six major state-owned banks and joint-stock banks collectively announced that interest rates would be cut!From the perspective of interest rates, the 5-year maturity is within 2%, and the 1-year maturity is 1Within 5%. After only 3 months, it was lowered again.
I believe that the decline in deposit rates is mainly to reduce the pressure on large banks and at the same time guide funds to "disintermediate". The era of zero interest rates, which I used to talk about, may come sooner rather than later.
Second, are you here to go public, or are you here to make a fate?Before the IPO, the profits were divided, the shell was listed, and the money of shareholders was used to fill the holes, which was called replenishing liquidity. This hollowing out of listed companies is no accident, and the list of A-share IPOs currently abounds.
According to the data of 724 companies currently under review, 488 of them have large dividends, of which 366 IPO companies are used to raise funds to repay debts and replenish liquidity, accounting for 75%. Among them, there are 16 companies whose dividends account for more than half of the total funds to be raised, and there are 3 companies whose dividend amounts exceed the number of funds raised.
3. Hu Xijin made a very serious mistake, he made a wrong interpretation of the game policy. The new rules of the game should be said to be a very huge positive for **!
We can understand it this way, after the game restrictions, then many gamers will greatly reduce the amount of money spent on games, and a large part of these extra amounts will flow in**. You must know that the sales revenue of the domestic game market in 2023 is an astronomical amount.
If we can use the right and good guidance to let gamers spend money on the game and introduce **, then it is good for A-shares, the economy, and science and technology!
4. Tencent Holdings spent about HK$1 billion on Friday to buy back 3.59 million shares.
For the further regulation of online games, the most hurt is Tencent, Tencent fell 12% on Friday, this is still Tencent spent 1 billion to buy back, otherwise the decline will be even greater, at the same time, the trading volume has also reached 40 billion, which is 10 times as much as usual, indicating that the panic has been fully reflected, the market is now particularly fragile, and everyone's first reaction is to run first. There was a dramatic change after the market, and the conversation turned to say that it was a solicitation draft, and the conclusion was still inconclusive, and I don't know what kind of reaction the investors who cut the meat in the market will have after seeing it.
5. **Times: Valuation Comparison between China and the United States, Irrational Prosperity of U.S. Technology Stocks!A-shares are the most rational and prosperous in the world!So you can only praise A shares, not A shares!
* The Times said that there is a bright spot in China's economy this year: new energy vehicles. China's new energy vehicle market exploded this year, with exports hitting a record high. However, the new energy vehicle ETF (exchange-traded open-end index**) sector** has fallen by 60% since June 2022. The share price of BYD, the leader of new energy vehicles, in the same period, also happened to be discounted. At present, Tesla's market value is almost 6 times that of BYD, and the profit is 234 times, the valuation (that is, the price-earnings ratio) is 4 times that of BYD. Now BYD's R&D expenses surpass Tesla's, and R&D expenses account for 53% of gross profit, far exceeding Tesla's 29%, so it should have a higher valuation to be reasonable.