The 10-year active bonds of China inter-bank bond market expanded strongly in the afternoon, and the yield fell below 1.85% and continued to set a new record low.Flush turnover reached 10 billion yuan, up 1.63% now, and rose over 10% at the opening.
Investors asked the Bank of India to allow the sale of national bonds as zero coupon bond. According to people familiar with the matter, investors urged the Bank of India to allow the state government debt to be converted into zero-coupon bonds. At a recent meeting with the Bank of India, insurance companies dominated the demand for facilities to register interest on national bonds and separate transactions of securities principal (STRIPS). Currently, the Reserve Bank of India only provides this function for federal debt. STRIPS is a popular product in the United States and other developed markets. It was first released in India in 2010, but it has little effect. However, in recent years, the demand for long-term savings products has increased and sales have surged. One of the people familiar with the matter said that allowing state bills to be converted into so-called divested bonds would give investors an additional spread of 30 to 40 basis points higher than that of similar federal securities. State bonds are illiquid and are usually sold at a higher yield than central government bonds.Citic Lyon: We are optimistic about the cross-border capital flow and IPO recovery of the Hong Kong Stock Exchange, but we should pay attention to the fluctuation of H shares of Chinese brokers. Citic Lyon issued a report saying that we are optimistic about the cross-border capital flow and IPO recovery of the Hong Kong Stock Exchange (00388.HK), and noted that china galaxy (06881.HK) is highly sensitive to the transaction costs of A-share securities. Citic Lyon expects that the A-share trading volume will remain stable in 2025 with the support of favorable liquidity, ETF growth and structural shift of household balance sheets to financial assets, but the bank reminds investors to pay attention to the recent excessive fluctuation risk of H-share brokers.According to reports, AllianceBernstein will sue Switzerland for the cancellation of Credit Suisse's $17 billion debt.
Bean God Education and other technology companies established in Shenzhen include a number of AI businesses. Tianyancha App shows that Shenzhen Bean God Bilingual Times Technology Co., Ltd. was recently established, with Hu Xiaokang as the legal representative and a registered capital of 1 million RMB. Its business scope includes cloud computing equipment technical services, artificial intelligence application software development, artificial intelligence basic resources and technology platform, artificial intelligence basic software development, artificial intelligence general application system and artificial intelligence hardware sales. According to shareholders' information, the company is owned by Doushen Times Technology Development (Beijing) Co., Ltd. and Shenzhen Heyun Education Technology Co., Ltd. under Doushen Education (300010) respectively.Citigroup: The shipment of Qiu Ti FPM exceeded expectations and the target price was HK$ 4.6. Citigroup reported that Qiu Ti Technology (01478.HK) benefited from the strong performance of vivo, Glory and Huawei's flagship models in October, and the demand in November was stronger than expected, which made the shipment of Qiu Ti's 32MP+ model in November still flexible. It is expected that the shipment of mobile phone camera module (CCM) in December will come from the continuous launch of flagship models, but it will be partially offset by the year-end inventory adjustment of its customers. At the same time, it is believed that better product mix and higher average selling price will promote the shipment growth of ultrasonic fingerprint module (FPM). Temporarily maintain "neutral" and target price of HK$ 4.6.
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
12-13