9 Early Stock Market News You Need to Know


  [Shenzhen Stock Exchange: 2.99 million new accounts opened in Shenzhen market in March, a month-on-month increase of 109%] The latest data released by the Shenzhen Stock Exchange shows that 2.99 million new accounts were opened in the Shenzhen market in March, an increase of 109% compared to 1.43 million in February. The data also shows that 26.32 million accounts participated in trading that month, with 39.88 million shareholders.

  Commentary: With the market warming up, the reversal trend has basically been confirmed, and investors are accelerating their market entry. The new account opening data from the Shenzhen Stock Exchange is one of the evidences. The influx of new investors also provides incremental funds for the secondary market in the future.

  [E-House: Significant rebound in land prices in popular second-tier cities in March] The latest report from E-House Real Estate Research Institute shows that in March, the land transaction building area in 40 typical cities decreased by 34.6% year-on-year, marking the fifth consecutive month of decline; land transfer fee revenue decreased by 5% year-on-year.

  Commentary: The recovery of capital supply and warming demand have driven land acquisition demand, which in turn led to a rebound in land prices. Since the second half of last year, the corresponding easing of monetary policy has provided some buffer space for the industry. Recently, policy relaxation in some provinces under city-specific measures, reduction of bank loan interest rates, and support for high-quality real estate enterprises to directly raise funds have all promoted the recovery of the real estate industry and the recent rebound of the real estate sector. Positive attention can be maintained on high-quality real estate enterprises.