Today's Important News Review | Dolphin Investment Research
0927 Dolphin's Focus:
🐬 Macro/Industry
1. Early this morning, the news of the central bank's simultaneous implementation of reserve requirement ratio cuts and interest rate cuts once again triggered a "carnival": lowering the reserve requirement ratio for financial institutions by 0.5 percentage points. The 7-day reverse repurchase operation rate was adjusted from the previous 1.70% to 1.50%, a 20 basis point rate cut, the highest in nearly 4 years. The continuous good news greatly boosted market confidence, with the Hong Kong and A-share markets performing explosively today. The ChiNext Index even surged by over 12% at one point. The sentiment of funds going long on Chinese assets continues to be exuberant, and the sentiment recovery further supports the stock market performance.
🐬 Individual Stocks
1. Alibaba
Taobao officially announced today that it now supports WeChat Pay. In addition, Alibaba and JD.com also announced a "partnership": opening up to each other in terms of payments and logistics. When Taobao sellers choose the shipping method in the system, there will be an additional option for JD Logistics. At the same time, JD.com will also integrate Cainiao Express and Cainiao Post Stations, and Alipay payments are expected to be launched before "Double 11". This deep cooperation indicates the end of the relative confrontation between the two giants, and the future of the e-commerce industry will tend more towards breaking barriers and mutual benefit.
🐬 Leading Sectors
SH/SZ: Financial exchanges and data, medical institutions, life science tools and services;
HK: Life science tools and services, hotel resorts and cruise ships, semiconductor materials and equipment;
US: Aluminum, copper, kitchenware.
🐬 Focus for Next Monday
1. China's official manufacturing PMI, Caixin manufacturing PMI, Caixin services PMI.
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