Discussions continue about the central bank's “fate” of treasury bonds. In response, many industry insiders said that central bank debt purchases can release liquidity through both monetary and fiscal channels, and mitigate the impact of the peak supply of government bonds on the interbank liquidity market. However, it is expected that it will take some time to establish a corresponding coordination mechanism. The fourth quarter of 2024 may be the first observation window during the fourth quarter of 2024, when the supply of government bonds is high and the liquidity gap is large. (China Foundation News)

The Land Registry of the Hong Kong Special Administrative Region Government announced on the 3rd that the number of residential property sales contracts submitted to the Land Registry in April accounted for 8,551, an increase of 115.3% over the previous year and an increase of 86.6% over the previous year. According to the data, there were 9880 contracts for the sale of all types of buildings in April, up 97.1% from the previous month and 71.7% from the previous year. According to the data, the total value of property sales contracts in April was HK$83.9 billion, up 124.6% month-on-month and 31.7% year-on-year. Among them, the total value of residential property sales contracts was HK$77.5 billion, up 157.7% month-on-month and 47.9% year-on-year.

The Huajin Securities Research Report pointed out that the important pre-holiday meeting had a positive impact on the A-share market, and A-shares may further fluctuate upward as a result. According to an analysis by Huajin Securities, on the one hand, infrastructure investment, manufacturing investment, and consumption growth rates are likely to increase in the future; on the other hand, it is proposed to absorb existing real estate and high-quality real estate development, which is conducive to raising expectations for real estate sales and investment growth. “On a long-term perspective, the conference exceeded expectations and determined that the Third Plenary Session of the Central Committee will focus on studying the issues of advancing Chinese-style modernization and raising expectations for long-term economic growth. Furthermore, the conference emphasized the consistency of macroeconomic policy orientations, showing that monetary policy will be coordinated and relaxed under fiscal strength, which is expected to raise expectations of liquidity easing and boost risk appetite.” Huajin Securities further stated. In terms of allocation, Huajin Securities advises investors to focus on industries such as TMT, electronics, automobiles, machinery, home appliances, real estate, and real estate industry chains related to new quality productivity.

Meitu (01357) issued an announcement. With regard to the amendments to Chapter 17 of the Listing Rules effective 1 January 2023, the Stock Exchange of Hong Kong Limited requires listed issuers to revise the relevant share plan terms in effect on 1 January 2023 or before updating the plan authorization limit to comply with the revised Chapter 17. Accordingly, the Board recommended the adoption of a new share award scheme, the terms of which would be in line with the provisions of Chapter 17 of the revised Listing Rules. The 2024 share award scheme is intended to replace the existing share award scheme adopted by the company on November 25, 2016 and allow the company to award bonus shares to selected eligible persons as an incentive or reward for their contribution or potential contribution to the Group's development and long-term growth and to attract and retain talent.

Shell-W (02423) issued an announcement. On May 2, 2024, it spent about 2 million US dollars to repurchase 369,600 shares at a repurchase price of 5.25-5.66 US dollars per share.

Kit Juckes, the chief global foreign exchange strategist at Societe Generale Research, said in the report that the biggest reaction in the foreign exchange market to US non-farm payrolls data is probably the yen. Before the data was released, the Bank of Japan apparently intervened this week to reduce USD/JPY from 160 to around 153 against the US dollar, but if the US data is strong, the yen is unlikely to remain at these strong levels. “The Bank of Japan's intervention this week will definitely reach the largest level in its history, but if today's US non-farm payrolls report or next week's CPI data are stronger than expected, then that's not enough,” he said.

Weimeng Group (02013) announced that the company will issue 5.816,400 new shares on May 3, 2024 in accordance with the 2020 restricted share unit plan.

KEEP (03650) announced that on May 3, 2024, the company spent HK$3292,000 to repurchase 40,000 shares at a repurchase price of HK$8-8.35 per share.

Fosun International (00656) announced that on May 3, 2024, the company spent approximately HK$2,424,200 to repurchase 518,000 shares at a repurchase price of HK$4.65 to HK$4.72 per share.

The Hong Kong Monetary Authority announced today (May 3) the details of the extension of the “Green and Sustainable Finance Funding Scheme” (Funding Scheme) in connection with the 2024-25 Budget. The Green and Sustainable Finance Funding Scheme was launched in May 2021 to provide funding for eligible green and sustainable debt instruments issued in Hong Kong. In the 2024-25 Budget, the Financial Secretary proposed extending the funding scheme for three years to 2027 and expanding the scope of funding to transformation bonds and loans to further encourage relevant industries in the region to use Hong Kong's transformation financing platform to gradually reduce carbon. (Hong Kong Monetary Authority website)