202 1 (in the United States, it was June 65438+February 3 1 last year) During the New Year holiday, NYSE announced that three China telecom operators, China Mobile, China Telecom and China Unicom, "delisted".
Next, let's talk about the investment opportunities behind this incident-who will suffer and who will benefit.
In fact, the three major operators will not suffer.
First, China Mobile, China Telecom and China Unicom are listed on the Hong Kong Stock Exchange and the New York Stock Exchange at the same time, but they are not listed on the New York Stock Exchange, but they can continue to be listed on the Hong Kong Stock Exchange without lack of financing channels.
Second, there are few shares listed in the United States (China Mobile has only 2% shares, China Unicom 1% shares, and China Telecom has only 0.57%). For the total shares of these three companies, they are all Mao Mao Rain.
Third, the issued shares do not require them to withdraw their shares with real money. After all, this is not a listed company's initiative to request delisting, or delisting due to poor performance or illegal punishment. On the practical level, investors only need to convert US stocks (actually ADR) into Hong Kong stocks.
In fact, the delisting of the three major operators has no major consequences. But we should pay attention to the following point.
This is that the return of China Stock Exchange will be further accelerated.
In fact, the risks of China Stock Exchange are not new. In May 2020, the US Senate passed the Foreign Company Accountability Act,1February 2, and the House of Representatives also passed the Act. On the surface, the bill puts forward many strict requirements for foreign listed companies, but in fact, it mainly targets China companies listed in the United States and restricts the listing of China Stock Exchange in the United States.
Before the introduction of the bill, it was still in the stage of scaring people. The pressure on Chinese stocks listed in the United States is already great, and many of them have fallen. As soon as the front foot of the House of Representatives passed, the NYSE won the three major operators first, which means that the bill has entered the stage of slashing people. How do Chinese stocks mix in the United States?
Come back if you can't.
This is really the best choice.
In June, 2020, just after the bill was passed by the Senate, Netease and JD.COM listed in Hong Kong for the second time, which opened the tide of the return of China Stock Exchange. At the same time, Internet technology companies such as Xiaomi and Meituan also chose Hong Kong as the listing place. According to the data of HKEx, the IPO amount of HKEx ranked first in the world for seven years in the past eleven years, such as 20 18 and 20 19. It is expected that the data in 2020 will be very good.
In the past two years, yunshu has also seen that the Hong Kong market is changing in a good direction, and the market structure is changing from the traditional financial and real estate fields to new economic fields such as biotechnology.
Although the Hang Seng Index and the National Index will fall in 2020, the technology stocks represented by Xiaomi, Meituan and JD.COM actually made considerable profits last year and will not lose to China's Growth Enterprise Market. The most representative is the Hang Seng Science and Technology Index, which rose by 79% in 2020.
On the first working day in 2020, A shares opened the Year of the Ox with a big rise. Similarly, I also saw a news that Xiaomi's share price has doubled since its listing, fulfilling the promise of boss Lei. Considering that Xiaomi has been listed for one year, it will increase by 200% in 2020.
Back to the original question, who benefits the most? Yunshu thinks this is the Hong Kong Stock Exchange. In the past two years, the Chinese stocks that have returned to the market have queued up for listing, and the Hong Kong Stock Exchange has received cramps in collecting money.
Second, Hong Kong stock investors. In the past, you could only buy financial real estate, but now you can also buy high-growth technology stocks that Nasdaq used to have. In terms of technology stocks, HKEx's strength is no worse than that of GEM and science and technology innovation board, and it is also soaring.
Shu Yun is personally optimistic about the Hang Seng Science and Technology Index Fund. At present, three Hang Seng Technology ETFs have been listed in Hong Kong, of which the largest and most liquid one is Southern Hang Seng Technology (3033. HK), and the other two are 3067.HK Anshuo Hengsheng Technology and Huaxia Hengsheng Technology (3088. HK)。
At present, there is no fund linked to Hang Seng Technology in China. Although many fund companies have reported it, because Hang Seng Technology was launched in July last year, it has not yet reached 1 year, and the CSRC has not accepted it. . . Domestic index funds have to wait.
In addition to index funds, the Shanghai-Hong Kong-Shenzhen Fund which invests in Hong Kong stocks is also a good choice. For example, yunshu's "evergreen fund" portfolio, a part of the program management of Guo Fu Shanghai-Hong Kong-Shenzhen Growth Select Stock (00 1605).
No matter what you buy, you need to pay attention to the fact that the Hong Kong market can no longer be ignored.