《大行報告》大和料中概股及內地互聯網監管或放鬆 但稱港股已轉勢屬言之過早
大和發表報告表示,港股經近日急跌後於昨日顯着回升,恆指昨(16日)急升9.08%自2020年7月以來最大單日升幅。中國國務院副總理劉鶴主持國務院金融穩定發展委員會召開專題會議指,金融機構必須從大局出發,堅定支持實體經濟發展,以保持內地經濟健康發展的長期態勢,共同維護資本市場的穩定發展;會議亦指關於中概股,目前中美雙方監管機構保持良好溝通,已取得積極進展,正在致力於形成具體合作方案。
該行認爲中概股及內地互聯網監管或可能放鬆,上述消息令近期走勢低迷行業可能出現技術性反彈,內地當局承諾要維護資本市場的穩定發展,料當局要加強對市場預期管理,該行指市場將憧憬中概股及內地互聯網監管或可能放鬆。
大和指,觀察到近期A股和港股資金流出場主要由國際投資者推動,截至3月15日止在過去七個交易日計北向資金從A股流出約700億元人民幣,而南行流入香港市場的資金(來自內地投資者)則保持穩定。
雖然該行認爲在美上市的中概股面臨除牌退市風險、部份內地企業或潛在面臨美製裁風險,因中美關係持續緊張,該行相信早前激烈的拋售更多是由情緒驅動的,但這亦可能帶來長線的投資機會。然而,監於市場疲軟情緒下,大和認爲倘目前判斷近日港股反彈已顯示投資者信心已恢復及迎來轉勢仍屬言之過早。
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