Macro news
1. On the morning of January 8, the General Secretary of the Communist Party of China and the Chairman of the Military Commission delivered an important speech at the Third Plenary Session of the 20th Discipline Inspection Commission of the Communist Party of China. He stressed that after 10 years of unremitting and vigorous anti-corruption in the new era, the anti-corruption struggle has won an overwhelming victory and has been consolidated in an all-round way, but the situation is still grim and complex. We must have a sober understanding of the new situation and new trends in the anti-corruption struggle, and we must have a sober understanding of the soil and conditions for the emergence of the problem of corruption, and with tenacity and perseverance that are always on the road, we must exert precise and sustained efforts to resolutely win the tough and protracted battle of the anti-corruption struggle.
2. At yesterday's regular press conference, a reporter asked questions about the United States' continuous tightening of chip export control measures against China to suppress Chinese enterprises. Spokesperson Mao Ning said that the US has continuously increased its chip export control measures against China and unreasonably suppressed Chinese semiconductor companies on the grounds of the so-called "**", which is an out-and-out act of economic bullying.
3. The National Business Work Conference was held in Beijing from January 7 to 8. The meeting emphasized that in 2024, the national business system should consciously unify thoughts and actions to the best decision-making and deployment, and take the initiative to benchmark against the table. Build the brand of "Invest in China" and promote the stable quantity and quality of foreign investment. We will relax the access to foreign investment, strengthen the service guarantee for foreign investment, and continue to build a market-oriented, law-based and international first-class business environment.
4. Lian Peikun, director of the Greater China Research Department of UBS Global Investment Bank, said that the current ** valuation is too cheap, and the MSCI China Index PE is only 8 times, and there will be 15% upside this year. Whether it is other developed markets or emerging markets, it is difficult to find opportunities with 8 times PE.
5. [The state will accelerate the legislative process of the private economy promotion law] On January 9, the people's first page published an article "How to Promote the Development and Growth of Private Enterprises (Policy Q&A, China's Economy Will Do This in 2024)". The relevant responsible comrades of the Private Economic Development Bureau of the National Development and Reform Commission said in the article that the requirements for equal treatment of state-owned enterprises and private enterprises will be lowered from the system and law. Accelerate the construction of a unified national market, break down local barriers, and smooth the flow of factors. Accelerate the legislative process of the law on the promotion of the private economy, and strive to build a legal and institutional guarantee system to promote the development of the private economy, so that all forms of ownership of the economy can equally use the factors of production in accordance with the law, participate in market competition fairly, and be equally protected by the law, put an end to selective law enforcement and let enterprises "prove their innocence" type of supervision, and create good and stable expectations for the development of the private economy.
Industry news
1. [Ministry of Industry and Information Technology: By 2025, more than 30 key standards for automotive chips will be formulated] According to the Ministry of Industry and Information Technology, the Ministry of Industry and Information Technology issued the "Guidelines for the Construction of National Automotive Chip Standard System". It is mentioned that by 2025, more than 30 key standards for automotive chips will be formulated. By 2030, more than 70 standards related to automotive chips will be formulated.
2. Recently, an investor reported to reporters that on the first day of the new year, his account manager in Xingye ** suddenly changed, and the account manager who originally provided him with "one-to-one" service was replaced by "Xingye ** service officer" overnight. The reporter learned that behind the "upgraded service" of IB** for investors, some of the two-base customers (with average monthly assets of less than 500,000 yuan) originally served by the account manager were transferred to the port of "IB** Service Officer", which was mainly maintained by the Digital Intelligence Department of IB**.
3. According to the latest issue of the "Influenza Surveillance Weekly Report" released by the National Influenza Center on January 4, the proportion of influenza A H3N2 strains that previously dominated transmission has decreased significantly, but the proportion of influenza B strains has increased significantly, and the proportion of influenza B in the south is 264%, and the monitoring data in the north is as high as 473%。
4. The reporter saw on an e-commerce platform that 500ml Kweichow Moutai (Jiachen Dragon Year)** 7759 yuan, and it showed that 15 people had paid. It should be noted that if according to the above-mentioned **, Longmao "has been at a premium of more than 5,000 yuan over the official guide price."
5. It was learned from China Railway Harbin Bureau Group that since the beginning of this year, the ice and snow tourism in Heilongjiang has continued to heat up, and the passenger volume of Harbin Bureau Group Company has increased by nearly 200% year-on-year. In order to meet the travel needs of tourists from all over the country and improve the travel experience, the railway department has launched 7 new sets of Fuxing Alpine intelligent EMUs with Harbin Bureau Group Company, which will run on high-speed rail lines from Harbin to Beijing, Shanghai, Wuhan and other directions.
6. Rolls-Royce said on the 8th that a total of 6,032 cars will be delivered worldwide in 2023, a record high.
7. The Blue Whale reporter learned that recently, the Haikou Municipal Bureau of Housing and Urban-Rural Development issued a notice on optimizing the real estate policy to optimize the policy of restricting the transfer of commercial housing, that is, the commercial housing purchased by resident families can be transferred after the purchase contract has been filed for 2 years and the real estate ownership certificate has been obtained. It is reported that the previous "sales restriction" policy in Haikou's property market was that the purchase contract could only be sold after 5 years of filing.
On August 8, Shanghai Ganglian data showed that the average spot price of battery-grade lithium carbonate was 1,000 yuan ton, reported at 990,000 yuan, officially falling below the 100,000 yuan mark, and the last time it stood at the level was in August 2021.
9. [Guangzhou has become the first first-tier city of "room ticket placement" to promote the destocking of the property market] Guangzhou house tickets are common throughout the city, which can promote the market destocking and enhance market activity. Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institute, believes that the resettlement of housing tickets will become a trend in the future.
Company News
1. Simei Media announced that it received a prior notice of administrative punishment from the Zhejiang Securities Regulatory Bureau.
2. Dongfang Zhongke issued a change announcement, and the company's Hongmeng-related products are still in the R&D and trial stage.
3. Peacebird announced that it is expected that its net profit in 2023 will increase by about 125% year-on-year.
4. ST Daji announced that the actual controller will be changed to the All-China Federation of Supply and Marketing Cooperatives.
5. Hisense Home Appliance Announcement, to 1878.7 billion yuan-3757.3 billion yuan to repurchase the company's shares.
6. Qingyuan Co., Ltd. issued a change announcement, and the company is not involved in BC cell or other cell business.
7. Dada Group issued an announcement saying that the self-examination found that the advertising revenue data was suspicious, and the suspected fraud had been reported.
8. China Duty Free released its 2023 annual performance report on the Hong Kong Stock Exchange, with a net profit attributable to the parent company of 67 in 20231.7 billion yuan, an increase of 33 percent year-on-year52%。
Global Markets
1. The three major U.S. stock indexes collectively closed higher, and the Dow rose 058%, the Nasdaq rose 22%, and the S&P 500 rose 141%, popular technology stocks rose, semiconductors, software applications rose first, Nvidia rose more than 6%, popular Chinese concept stocks fell, and the Nasdaq China Golden Dragon Index fell 147%。
2. The settlement price of WTI *** closed down 412% to 70$77 barrel;Brent *** settlement price closed down 335% to 76$12 barrel.
3. COMEX closed down 08% at 2033$5 oz;COMEX closed down 002% to 23$31 oz.