Message from Coach
On this week’s market summary:
1⃣Fears of a Hong Kong brain drain are increasing after China moved to tax its citizens’ global income, undermining the financial hub’s appeal to thousands of bankers and other white-collar workers from the mainland.
2⃣Rising GDP in the second quarter was helped by strong industrial production, which increased 4.4 per cent compared with the same period a year earlier and rose in each of the past three months.
3⃣The outstanding balance of margin trading – borrowing funds from a broker to buy shares – on the Shanghai and Shenzhen stock exchanges rose for a 10th consecutive day on Friday to 1.3 trillion yuan (US$185.9 billion), according to China Securities Finance. That was the highest level since August 2015.
4⃣Property prices have rebounded as the central bank loosens credit to support an economic recovery from the coronavirus shutdown. Frenetic buying is increasingly taking place across large and medium cities, where properties are seen as a safe place to store wealth.
5⃣Asian bond markets have grown massively since the 1997 currency crisis but remain dominated by government bonds and, while attracting huge foreign investor interest, also expose countries to capital flight.
One of the must-ask interview questions for banking and finance is: “Have you read any news recently?”, with the follow-up questions: “How would you link this news to the market and what investment suggestions would you give to your clients based on this news?”
Showing your market sense and ability to provide feasible investment ideas would help to differentiate you from other candidates. Therefore, apart from the weekly news update / investment insights, we have also generated this Weekly Market Summary for you to have a quick understanding of the market development and tips to answer some hot discussion topics.
Take a look of the summary and WhatsApp us in the group if you have questions.