Prospect of important information affecting the market next week

Views:1681 Author:Site Editor Publish Time:2022-07-08 10:28:12 Orgin:Site

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It was reported on July 3 that the important information that will affect the market next week is: ETF trading under the interconnection will be officially launched on July 4;

On July 9, the National Bureau of Statistics will release June CPI and PPI data; the Federal Reserve's FOMC will release the minutes of its monetary policy meeting next week.

ETF trading under the interconnection starts on July 4

The China Securities Regulatory Commission and the Hong Kong Securities Regulatory Commission issued a joint announcement to approve the inclusion of ETFs in the Internet Connectivity, which was officially launched on July 4. The Shenzhen Stock Exchange, the Shenzhen Stock Exchange and the Hong Kong Stock Exchange simultaneously released the first batch of target ETF lists, including a total of 53 ETFs for Shanghai Stock Connect, 30 ETFs for Shenzhen Stock Connect, and 4 ETFs for Hong Kong Stock Connect.

Among them, Shanghai Stock Connect ETFs cover core broad-based products such as SSE 50ETF, SSE 180ETF, and CSI 300ETF, as well as representative industry-themed products such as biomedicine, semiconductors, and new energy. Shenzhen Stock Connect ETFs cover core broad-based products such as GEM ETFs and CSI 300 ETFs, as well as representative industry-themed products such as biotechnology ETFs, chip ETFs, and carbon neutral ETFs. The 4 Southbound ETFs are ETFs such as Tracker Fund, Hang Seng China Enterprises, Southern Hang Seng Technology, and Anshuo Hang Seng Technology.

Market participants believe that the inclusion of ETFs in China Connect will enhance the attractiveness of A-shares to overseas medium and long-term allocation funds, improve the institutional opening of the mainland capital market, and further consolidate and enhance Hong Kong's status as an international financial center.

FOMC to release meeting minutes

Next week, the Federal Reserve's FOMC will release the minutes of its monetary policy meeting.

Macro Hive analysts Bilal Hafeez and Dominique Dwor wrote on June 28 that the Fed may raise interest rates by 75 basis points in July. San Francisco Fed President Daly also said earlier: "Many people worry that the Fed may be too aggressive in raising interest rates and will lead to a recession. My personal concern is that if inflation is left unchecked, it will become the U.S. economy and the continued expansion of the economy. Major constraints and threats. Another 75bps hike in July is necessary.”