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WHAT’S BUZZING ON THE WIRE?
- China to maintain supportive monetary policy stance, intensify monetary policy adjustments – PBOC governor Pan Gongsheng
- New bank loan rates hit new record lows in Oct, home mortgage loans stabilized – state media
- Hong Kong stocks closed lower, tech heavyweights, financial majors, Chinese property developers, gold stocks led losses; auto dealers, chipmakers rallied
- Chinese A-shares rallied, semiconductor companies rallied; gold miners, consumer stocks, financial institutions underperformed
- Hong Kong property prices to stablize in 2025, developers to remain under pressure – S&P Global Ratings
- Hong Kong banks’ prime rate cut beat expectations, to support local property transactions – UBS
- China’s power battery installations grew 51% on year in October, battery production grew 45.5%
- Goldman Sachs lower SMIC’s 2024 earnings forecasts, raised projections for years to come, target price at HK$29.2
- Chinese A-shares’ outstanding margin financing surpassed 8 tn yuan mark for first time in three years
- China’s NPC session reinforces confidence in property recovery next year, more policies expected to be announced – HSBC Global Research