You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
週二大升後,對沖基金紛紛衝入!淨買入量為“過去十年第二高”

本週二,為促進經濟增長,政策層面打出一套組合拳,資本市場信心得到較大提振,大幅反彈。

在此背景下,對沖基金紛紛買入中國股票,押注中國的新刺激計劃可以促進經濟的增長。

根據高盛的頂級經紀報吿,週二中國股市的日淨買入量創下2021年3月以來的最高水平,為過去10年來的第二高水平。

高盛報吿稱,買入幾乎完全是由增加多頭頭寸的投資者推動的。雖然基金買入了所有類型的中國股票,但這一走勢主要由A股推動,其次是H股。

同時,通過期權流入中國股票的資金也有所增加。

高盛的數據顯示,iShares中國大型股ETF (FXI) 看升期權未平倉合約增加約58萬份,創十年來最高水平。

高盛數據顯示,對沖基金對中國股票的總配置和淨配置仍處於五年來的最低水平。

此外,摩根大通策略師Wendy Liu等分析,香港股市的反彈可能是由空頭回補推動的。

他們表示,週二,空頭佔市場成交額的比例降至13.6%,比2016年以來的平均水平低一個標準差,表明許多空頭已被回補。

後續政策值得期待

週二,政策層面重磅出手,推出降息、降準、降存量房貸利率等多項舉措,提振經濟,政策力度空前。

再加上資本市場在經歷了前期的下跌後,投資者的信心一下就回歸了。

當日,中國股市飆升,A股滬深300指數、滬指升超4%;港股恒指升4.13%,國指升5.09%,恒生科技指數升5.88%。

週二大升之後,投資者回歸理性,昨日股市衝高回落,反彈勢頭有所減弱。

滬指昨日一度升超3%,站上2900點,最終收升1.16%;恒生科技指數一度升超3%,最終僅微升0.23%。

目前,機構普遍看好政策層面週二的刺激措施,但他們也認為,仍需貨幣政策和財政政策的進一步推進。

高盛的策略師Kinger Lau等表示,中國的貨幣刺激措施被認為“足以催化另一輪政策引發的反彈”,但“可能不足以從根本上扭轉局面”。

在一份報吿中,摩根大通寫道:“我們認為,這些協調一致的政策聲明可能為進一步的政策支持鋪平道路,並提高2025年經濟上行的可能性。

摩根大通表示,再加上私營企業的利潤率和企業基本面有所改善,確實看到了中國股市的價值機會,以及全球昂貴的市場下的多元化機會。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account