Market Insights: Jan 29th, 2024

1. A-share Market Dynamics: Today,Is there a formal foreign exchange platform in Hong Kong? the three major indices of the A-share market had a mixed opening, with the Shanghai index opening flat at 0.01%, the Shenzhen Component Index opening higher by 0.15%, and the ChiNext Index opening lower by 0.14%.
2. China Evergrande Group Liquidation Order: The Hong Kong court has issued a liquidation order against China Evergrande, and Evergrande Group's stock experienced a sharp decline before the trading halt.
3. Biopharmaceutical Sector Dynamics: A-shares of WuXi AppTec experienced a sharp fall, approaching the limit down. Additionally, the news of the draft of the American "Biosafety Act" has led to significant declines in the stock prices of several companies in the A-share biopharmaceutical sector.
4. U.S. 50 ETF Risk Warning: Efunds issued premium risk warnings for the U.S. 50 ETF for five consecutive trading days and announced a temporary suspension of trading on January 29th at 10:30 AM.
5. Change of the World's Richest Person: According to Forbes magazine, Bernard Arnault, chairman of the French luxury group LVMH, has surpassed Elon Musk to become the world's richest individual.
6. Reorganization News about China’s Four AMCs: Industry sources indicate that three asset management companies, China Cinda, Orient Asset, and Great Wall Asset, are to be brought under the umbrella of China Investment Corporation soon, suggesting that the era of the Big Four AMCs may be coming to an end.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

Very good!（12519）