On the 12th of this month, news suddenly came from the U.S. stock market.

Many "state-owned" companies such as PetroChina, Sinopec, China Life, Chinalco, and Shanghai Petrochemical announced that they would delist from the U.S. stock market.

In fact, this matter has been rumored for a long time.

In March 2022, Chinese concept stocks were included in the "pre-delisting list" by the US Securities and Exchange Commission.

There will be other companies delisted from the U.S. stock market in the future.

Currently, 15 companies have entered the pre-delisting list.

Many companies have also made some arrangements in advance, such as Alibaba's announcement to switch to Hong Kong stocks.

Now everyone is worried about whether Hong Kong stocks can accommodate these companies.

After all, the liquidity of Hong Kong stocks is limited.

Can we accommodate so many companies coming back at once?

At present, the daily turnover of Hong Kong stocks is around 100 billion, and Tencent often has 4-5 billion.

Most other companies have been short of liquidity for a long time and have become so-called "penny stocks."

Delisting is more symbolic.

Overall, delisting will not have much impact on these companies.

This time, five companies including Sinopec, PetroChina, Chinalco and China Life took the initiative to delist their corporate depositary shares from the New York Stock Exchange, which had an impact on the company.

You can refer to the fact that China's three major operators were forced to delist by the United States in early 2021.

Affected by the delisting incident, the Hong Kong stocks of China Mobile, China Telecom and China Unicom experienced periodic declines, but the decline did not exceed the previous low. After delisting, they basically stabilized and then rebounded.

Second, the impact of Chinese concept stocks on various sectors: Starting from mid-March, the Hang Seng Index once reached 18,00, then returned to 22,000, and recently began to fall again.

Corresponding Chinese concept stocks, especially Chinese concept stocks, had a low of 0.863 at the end of March, once rebounded to a high of 1.256, and recently began to fall to 1.037.

It should be a small negative for Chinese concept stocks, but after more than a year of various negative news and news of various boots landing, Chinese concept stocks will blunt some of this news, and there will also be some negative emotions, but

It won't be too strong.

Once constituent stocks are allowed to enter Southbound Trading, it will also provide mainland investors with more choices.

Military industry sector: Many people think of the recent Strait incident, coupled with the recent US delisting crisis. A friend asked me how the military union will be doing next week?

Since the beginning of July, the National Defense and Military Industry (Shenwan) has outperformed the Shanghai and Shenzhen 300 Index by about 14 percentage points.

Since the beginning of this year, the fundamentals of the military industry have continued to improve, and there are suitable opportunities to step back.

The military industry can pay attention.

Gold: Gold fell for a while and recently returned to the 500-day moving average.

Generally, we recommend that some positions can be purchased in small quantities below the 500-day moving average.

At present, I personally will not buy at the 500-day moving average.

Looking at the timeline, the rate of return of gold is actually far lower than that of equity assets, such as fund stocks.