Economic Information Daily (September 25 Special Report): CCB (00939) H-shares are down 1.2%, trading at HK$9.565, with approximately 7.65 million shares traded, involving HK$731.6 million.
On the evening of September 24 in the United States, Chinese President Xi Jinping and his wife Peng Liyuan attended a welcome banquet hosted by U.S. President Donald Trump and his wife Melania at the White House. Prior to the banquet, Xi delivered a speech thanking the U.S. side for their warm hospitality. Xi stated that this meeting allowed for "frank and in-depth exchanges" with President Trump, reaching many new consensuses, enriching the content of constructive strategic stability in China-U.S. relations, and providing new strategic guidance for bilateral ties.
However, despite the positive atmosphere of the Xi-Trump meeting, global risk appetite has further declined, triggering a sell-off in global bond markets. The yield on 30-year U.S. Treasury bonds hit a more than 20-year high, while the U.S. Treasury's long-term bond buyback operation on Thursday fell short of the $6 billion cap, below market expectations.
Mainland banking stocks generally weakened; ICBC (01398) fell 1.4% to HK$7.555; Bank of China (03988) dropped 1.2% to HK$5.965; ABC (01288) declined 0.8% to HK$6.555; Bank of Communications (03328) fell 1.1% to HK$8.195; Postal Savings Bank (01658) dipped 0.3% to HK$5.405.
Currently, the Hang Seng Index stands at 24,389, down 371 points or 1.5%, with main board turnover exceeding HK$4.5 billion. The Hang Seng China Enterprises Index is at 8,133, down 132 points or 1.6%. The Hang Seng Tech Index is at 4,276, down 84 points or 1.9%.
(hc)
On the evening of September 24 in the United States, Chinese President Xi Jinping and his wife Peng Liyuan attended a welcome banquet hosted by U.S. President Donald Trump and his wife Melania at the White House. Prior to the banquet, Xi delivered a speech thanking the U.S. side for their warm hospitality. Xi stated that this meeting allowed for "frank and in-depth exchanges" with President Trump, reaching many new consensuses, enriching the content of constructive strategic stability in China-U.S. relations, and providing new strategic guidance for bilateral ties.
However, despite the positive atmosphere of the Xi-Trump meeting, global risk appetite has further declined, triggering a sell-off in global bond markets. The yield on 30-year U.S. Treasury bonds hit a more than 20-year high, while the U.S. Treasury's long-term bond buyback operation on Thursday fell short of the $6 billion cap, below market expectations.
Mainland banking stocks generally weakened; ICBC (01398) fell 1.4% to HK$7.555; Bank of China (03988) dropped 1.2% to HK$5.965; ABC (01288) declined 0.8% to HK$6.555; Bank of Communications (03328) fell 1.1% to HK$8.195; Postal Savings Bank (01658) dipped 0.3% to HK$5.405.
Currently, the Hang Seng Index stands at 24,389, down 371 points or 1.5%, with main board turnover exceeding HK$4.5 billion. The Hang Seng China Enterprises Index is at 8,133, down 132 points or 1.6%. The Hang Seng Tech Index is at 4,276, down 84 points or 1.9%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| CCB (00939) | 9.565 | Down 1.19% |
| ICBC (01398) | 7.555 | Down 1.37% |
| Bank of China (03988) | 5.965 | Down 1.24% |
| ABC (01288) | 6.555 | Down 0.83% |
| Bank of Communications (03328) | 8.195 | Down 1.09% |
| Postal Savings Bank (01658) | 5.405 | Down 0.28% |
| CMB (03968) | 50.500 | Down 1.37% |
| CITIC Bank (00998) | 8.425 | Down 0.82% |
