The government launched the 7th batch of silver bonds, and the guaranteed interest rate was raised to 4%, the highest in history, which is better than the dividend yield of Tracker Fund﹙2800﹚3.3%, and many blue-chip stocks, such as Hang Seng﹙0011﹚3.97%, MTR﹙0066 ﹚3.06% dividend yield.
However, due to the low interest rate environment in the past, bank bonds have become popular in the market. The last subscription amount and the number of people both reached new highs. However, it is currently in the cycle of interest rate hikes in the United States. Generally, bank fixed deposits have reached as high as 2 to 3%. , this time silver bonds may not be as popular as before, and the number of hands that can be allocated per person may be higher than the last 14 hands.
If the 4% interest rate is not attractive enough, experts also recommend high dividend stocks China Telecom (0728), China Unicom (0762) and China Mobile (0941).
The Hong Kong government recently announced the issuance of the seventh batch of silver bonds, with a total value of 35 billion yuan, which will be increased to 45 billion yuan according to the situation, with a guaranteed return of 4%, and subscriptions will start on August 23.
As previously arranged, the subscription price is 10,000 yuan per lot, the term is 3 years, and there is no second-hand market.
Pang Baolin, managing director of Dongji Fund Management, predicts that due to the impact of interest rate hikes in the United States, bank bonds may not be as popular in the market as before.
(Photo by Yu Bingfeng)
Experts predict that the popularity is not as good as the previous batch of advocating the purchase of 20 lots
In order to cater to the new batch of silver bonds, it is estimated that many banks and securities firms will offer discounts.
Among them, Guo Jiaan, director and head of securities business of Chi Fu Securities, said that this time, 8 free discounts will also be launched, which is 1 more than last year, and it is planned to give qualified new customers a 50 yuan supermarket gift certificate. Commission-free offer for funds and Hong Kong stocks and US stocks.
He predicts that due to the high-interest fixed deposit competition in the market, this year's bank bonds may not be as popular as before, and the number of lots that can be allocated per person may be higher than the last 14 lots. If you want to subscribe, it is recommended that each person subscribe for 20 lots.
The United States has entered an interest rate hike cycle. The non-farm payrolls data released on Friday was significantly better than market expectations. Analysis is expected to provide ammunition for the Federal Reserve to raise interest rates sharply.
With the rising cost of capital, large, medium and small banks in Hong Kong have recently raised the interest rate of time deposits to lock in the cost of deposit funds. Compared with the interest rate of one-year time deposits, OCBC Wing Hang and Fubon Bank currently offer interest rates of 3% or more. Among them, the former offers a discount of up to 3.28% for 388-day deposits, while large banks generally offer an interest rate of more than 2%.
Pang Baolin, managing director of Dongji Fund Management, also predicts that due to the impact of interest rate hikes in the United States, this time silver bonds may not be as popular in the market as before. For example, green bonds fell below the issue price on the first day earlier.
However, the 4% guaranteed bottom interest rate is still attractive compared to the current bank fixed deposit rate. The United States is facing the risk of stagflation. It is expected that interest rates will be cut in the middle of next year, and will be raised to 3.25% to 3.5% at most by the end of this year. Make a small subscription for diversification.
Compared with bank bonds, dividend yields of high-yielding stocks, especially mainland telecommunications stocks, are more attractive.
Guo Sizhi suggested that investors should consider high-yield telecom stocks.
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Guo Sizhi: recommending Chinese telecom stocks
Guo Sizhi, vice-chairman of the Hong Kong Equity Analysts Association, said that the popularity of silver bonds in the market in previous years was mainly due to the low-to-zero interest environment, which is different from the current situation.
At present, banks in Hong Kong have fixed deposits with a return of 2 to 3%. The return of 4% for bank bonds is not particularly attractive, and it needs to be held for a long time for 3 years, which is less flexible than fixed deposits.
As the pace of interest rate hikes in the United States continues, it is expected that the fixed deposit rates of Hong Kong banks will also follow up, further reducing the attractiveness of bank bonds.
He suggested that investors can consider high dividend stocks, such as China Telecom, China Unicom and China Mobile, with dividend yields as high as 6% to 8% respectively, and are defensive in the medium and long term.
Pang Baolin also suggested that if investors have experience in stock trading or can bear higher risks, it is recommended to buy high dividend stocks such as China Unicom and China Mobile, among which the former has recently announced that it will increase its dividend.