郭家耀:憂地緣政局投資者謹慎 港股或下試19,000點支持
港灣家族辦公室業務發展總監郭家耀稱,美股週四(9日)休市,美元走勢向好,美國十年期債息回落至4.64釐水平,金價及油價溫和向上。恆指夜期錄得溫和升幅,預料大市早段輕微高開。
內地股市昨日下跌,滬綜指低開低走,收市下跌0.6%,滬深兩市成交額亦有所縮減。
港股繼續反覆偏軟,內地最新通脹數據向下,顯示通縮壓力持續,大市低開後反覆回落,整體成交亦保持清淡。投資者入市態度謹慎,外圍息口去向受到關注,加上特朗普總統即將上場,市場憂慮地緣政局消息,預料指數或下試19,000點支持,上方阻力在20,000點水平。
另人行早前公告表示,爲更好發揮證券基金機構穩市作用,人行會同證監會持續推進證券、基金、保險公司互換便利落地。根據參與機構需求情況,人行啓動第二次互換便利操作,並完成招標。本次操作金額爲550億元人民幣(下同),採用費率招標方式,20家機構參與投標,最高投標費率30基點,最低投標費率10基點,中標費率爲10基點。中國結算公佈,爲更好支持證券、基金、保險公司互換便利順利開展,對在中國結算辦理所有涉及SFISF的證券質押登記費,實施減半收取優惠措施。其中,「港股通」證券質押登記費以質押股數爲基礎收取,自通知公佈日起實施。互換便利是內地支持資本市場的貨幣政策工具,支持符合條件的證券、基金、保險公司以債券、股票ETF、滬深300成份股等資產作抵押,從人民銀行換入國債、央行票據等高級流動性資產。互換便利首期規模是5,000億元。去年10月下旬,證券、基金、保險公司互換便利開展首次操作,操作金額500億元,有20家機構參與投標。此外,報道指金融管理部門日前把申請股票回購貸款需承擔的最低自有資金比例降到10%,即金融機構最多可對回購增持實際金額的90%予以支持。新規降低了參與門檻,減輕了借款人資金壓力。同時,金融管理部門允許上市公司和主要股東以其持有的其他股票進行質押,進一步降低市場主體獲貸難度和成本。政策也明確鼓勵以信用方式發放股票回購增持貸款。內地推出更多穩定資本市場操作,有助帶動股市回暖,提升估值水平。
(筆者爲證監會持牌人,本人及相關人士沒持有上述股份)~
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