The whole island of Hengqin has been officially closed for operation since March 1
The Executive Committee of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin and the Working Office of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, the People's of Guangdong Province**, issued a notice that the Co-operation Zone will be officially closed and operated from 0:00 on 1 March 2024.
Experts expect that the impact of the staggered month of the Spring Festival will be reversed in February, and the year-on-year growth rate of CPI may turn positive
According to data released by the National Bureau of Statistics on February 8, the CPI in January fell by 08%, 03%。PPI decreased year-on-year and month-on-month, and the decline rate narrowed. According to expert analysis, the impact of the staggered month of the Spring Festival will be reversed in February, and the year-on-year growth rate of CPI may turn positive, and it is expected to continue positive growth thereafter.
The scale of external reserves is stable and supported, and the reserves have increased for 15 consecutive years
According to data released by the State Administration of Foreign Exchange on February 7, as of the end of January 2024, China's foreign exchange reserves were US$3,219.3 billion, a decrease of US$18.7 billion, or 0., from the end of December 202358%。On the same day, the foreign exchange bureau also released data showing that China's ** reserves were 72.19 million ounces, which has risen for 15 consecutive months. The State Administration of Foreign Exchange said that under the combined effect of factors such as exchange rate translation and changes in assets, the scale of foreign exchange reserves decreased in the month.
Cui Dongshu of the Passenger Association: It is expected that the sales volume of the auto market in February will be at the absolute bottom of the year
Cui Dongshu, Secretary-General of the Passenger Car Association, looks forward to the national passenger car market in February 2024, due to the impact of weak automobile consumption before and after the Spring Festival holiday, most car companies will take a few more days of annual leave before and after the Spring Festival, so the effective production and sales time in February this year is very short, and it can be expected that the sales volume of the car market in February will be at the absolute bottom of the year.
Passenger car exports in January were 3550,000 units, up 51% year-on-year
According to the data released by the China Passenger Car Association, the overall automobile exports this year continued to grow strongly at the end of last year. Passenger car exports (including finished vehicles and CKD) in January were 3550,000 units, up 51% y/y and down 7% m/m. New energy vehicles accounted for 26% of total exports in January8%, down 52 percentage points. With the increase of export capacity, the export of independent brands reached 29 in January60,000 units, up 61% y/y and down 10% m/m; 5. Joint venture with luxury brand export 590,000 units, up 40% y/y.
The Federation of Passenger Cars suggests that cities with less than 4 million ownership will gradually relax the purchase restrictions on fuel vehicles
The Federation of Passenger Cars issued a document saying that the number of cars in some cities with purchase restrictions has lagged far behind other cities without purchase restrictions. In the future, there is still huge room for growth in domestic auto market consumption, among which the growth potential of small and medium-sized cities and county and township markets is huge, and there is also room for improvement in automobile consumption in megacities. The process of urbanization of the Chinese population will continue, considering that cities with 4 million to 5 million people can still actively overcome the pressure of congestion, it is recommended to consider cities with less than 4 million holdings to gradually relax the purchase restrictions on fuel vehicles.
Huawei refutes rumors: The content of "Ren Zhengfei's latest speech" on the Internet is purely false
According to Huawei, the content of "Ren Zhengfei's latest speech - using the light of science and technology to illuminate the future of mankind and the speech of President Ren at the 2024 Global Market Conference" is purely false. The rumor-mongers fabricated and fabricated without any basis, pushing the same information on multiple platforms and accounts to spread, misleading the public and causing a large number of spreads.
In January, SAIC Group's vehicle retail sales exceeded 450,000 units, a year-on-year increase of nearly 50%.
SAIC Motor announced that it will achieve wholesale sales of 24 vehicles in January50,000 units, with retail sales exceeding 450,000 units, a year-on-year increase of nearly 50%. Among them, the retail sales of new energy vehicles exceeded 90,000, doubling year-on-year; Retail sales in overseas markets exceeded 80,000 units, a year-on-year increase of more than 20%.
**ETF had a single-day net inflow of 44 billion yuan and a 3-day net inflow of over 100 billion yuan
After continuous adjustments, the market ushered in a sharp ** for 2 consecutive days (February 6-7), especially the CSI 500 Index and the CSI 1000 Index, which represent small and medium-sized caps, led the market. Wind data shows that as of February 7, the net value update was about 192 trillion yuan. In the context of yesterday's deep V market, funds borrowed **ETF net increase of 1351.6 billion shares, calculated according to the average transaction price of the range, the net inflow of funds is about 4411.2 billion yuan. So far, in the three trading days since this week, the net inflow of funds in the ETF market has exceeded the 100 billion yuan mark, totaling about 108.4 billion yuan.
Since the beginning of this year, more than 700 listed companies have implemented buybacks
Wind data shows that from January 1 to February 7, 2024, a total of 599 A-share listed companies issued share repurchase proposals or plans. At the same time, a total of 702 A-share listed companies implemented repurchases, with a total repurchase amount of more than 33.2 billion yuan. Among them, there has been an increase in the number of "write-off repurchases", and many companies have taken the initiative to change the purpose of the repurchases, changing the repurchased shares that have not been used for employee stock ownership plans or equity incentives to cancellation.
Banks "huddle together for warmth" marketing, and credit card competition in the stock era has intensified
The emergence of products such as Huabei Borrowing, Jingdong Baitiao, and Meituan Borrowing has made the credit card market more and more competitive. The reporter's recent investigation found that some banks are adopting the "alliance" model to attract customers to apply for credit cards with high-value gifts in popular business districts or office buildings. On the one hand, the marketing enthusiasm of banks to attract customers in a "fancy" way, on the other hand, the cumulative number of cards issued in the industry has declined for four consecutive quarters, and consumers' attitudes towards credit cards have become more and more cold.
The pre-sale box office of new films in the 2024 Spring Festival file exceeded 400 million
According to Lighthouse Professional Edition, as of 12:42 on February 8, the total pre-sale box office of new films in the 2024 Spring Festival file exceeded 400 million. "Flying Life 2", "Hot and Hot" and "Article 20" are temporarily ranked in the top 3 in the pre-sale box office of new films during the Spring Festival.
"Sister Wood" continues to sing more Tesla: it is expected to launch a robo-taxi service within 2 years
Despite Tesla's recent sharp share price, Ark Investment Management founder Cathy Wood has unwavering confidence in the electric car maker. Wood is known to be a proponent of disruptive technologies. She envisions a new growth cycle for Tesla, driven by the upcoming robotaxi service in the next two years. The robotaxi service is a revolutionary development that could accelerate Tesla's growth trajectory.
Boeing executives said the FAA investigation could lead to changes to the 737 production plan
Boeing executives urged companies to maintain the current 737 production schedule, but acknowledged that an ongoing Federal Aviation Administration (FAA) investigation into the company's 737 MAX production line could force a change in the plan. In an email to the company on Jan. 22, Boeing reiterated its 737 production plan, asking for 42 737 aircraft per month starting that month. But the FAA has limited production of the Boeing 737 production line to the current 38 aircraft per month, and the regulator's investigation of Boeing could put Boeing behind its chain.
Apple CEO Tim Cook's lawsuit for overpay was dismissed
A U.S. federal judge on Wednesday dismissed a lawsuit accusing Apple of overpaying tens of millions of dollars in compensation to CEO Tim Cook and other executives by miscalculating the value of performance-based awards. Manhattan District Court Judge Jennifer Rochon said that Apple's compensation methodology, described in a detailed compensation schedule for its 2023 proxy statement, "fully" complies with the requirements set forth by the law and the U.S. Exchange Commission (SEC). The judge also said there was no evidence of improper conduct on the part of Apple's board of directors in the payment of compensation.
South Korea plans to invest 40.9 billion won to support research and development of cutting-edge industrial materials technology
According to South Korea's "Newsis" on January 31, the Ministry of Science and Information and Communications of South Korea said that according to the previously formulated 100 future material technology development blueprints, ** will support its research and development in the next five years in order of material importance, and support 26 projects per year. This year, the company plans to invest KRW 40.9 billion to support research and development of cutting-edge industrial materials such as semiconductors, displays, rechargeable batteries, biotechnology, and robotics.
Breaking records, the Big Five paid out more than $100 billion in returns to shareholders last year
Despite the uncertainties surrounding the future of fossil fuels, major oil companies paid out more cash to shareholders last year than ever before and promised more returns in the future. The Big Five Western oil and gas companies – BP, Chevron, ExxonMobil, Shell and TotalEnergies – spent $113.8 billion on dividends and buybacks in 2023, about 10% higher than the previous year's record level (2022).
Nippon Steel said it would proceed with the acquisition of U.S. steel as planned
Nippon Steel announced on February 7 that it will move forward with the process of acquiring US Steel as planned. Around the acquisition, former Trump in the United States has expressed his intention to block it, and the United Steelworkers (USW) has also expressed opposition. At a press conference held on the 7th, Hiroshi Moritaka, vice president of Nippon Steel, who is in charge of overseas business, said that there had been no change in the acquisition process, and that "this was an expected reaction" to the opposition to the acquisition in the United States.
World ** Association: 2024 starts with the 8th consecutive month of outflow of global ** ETFs
According to data from the World ** Association, global physical ETFs will start 2024 for the eighth consecutive month of outflows, with an outflow of about $2.8 billion in January 2024. At the same time, due to the outflow of ETFs and the gold price**1% in the month, its total assets under management (AUM) also fell by 2% to $210 billion. Overall, North America leads the way in outflows, and Europe continues to be substantial. Asia saw **ETF inflows again, while "rest of world" flows were more limited.
Disney will invest $1.5 billion in game developer Epic Games
On February 7, local time, The Walt Disney Company and Fortnite game developer Epic Games announced that they will collaborate to develop a new world of games and entertainment. The Disney Company will invest $1.5 billion to acquire an equity stake in Epic Games, concurrently with the multi-year project. The transaction is subject to customary closing conditions, including regulatory approvals.
Disney's first-quarter earnings beat expectations, boosted by cost cuts and theme park performance
Disney reported better-than-expected first-quarter earnings and released an upbeat full-year profit outlook, citing the positive impact of cost cuts and the strong performance of theme parks around the world. Disney released a statement on Wednesday showing earnings per share excluding certain items rising to 1$22, beating Wall Street's average expectation of 99 cents. Revenue for the quarter ended Dec. 30 was essentially flat at $23.5 billion, below the average estimate of $23.8 billion compiled by agencies. Disney's struggling television business and two box office failures, "Captain Marvel 2" and "Wishing the Stars," dragged it down.
It is rumored that SK hynix and TSMC will discuss an AI chip alliance and cooperate in the development of HBM4
SK hynix has recently formulated"A team strategy", which includes a collaboration with TSMC on the development of the sixth-generation HBM chip (HBM4). It is reported that TSMC will be responsible for part of the HBM4 process manufacturing - most likely the packaging process to improve product compatibility. SK hynix said that "the company cannot comment on this".
ARM's fiscal third-quarter revenue was higher than expected, with revenue of 315.5 billion to 320.5 billion US dollars
On February 7, local time, ARM announced its financial results for the third quarter of fiscal year 2024. Total revenue for the fiscal third quarter was 8$2.4 billion, up 14% year-over-year, compared to analysts' expectations of 7$6 billion; Adjusted operating profit of 3$3.8 billion, up 17% year-on-year, analysts expected 2$74.4 billion. The company expects revenue of 8500 million to 9US$000 million; Full-year revenue for fiscal 2024 is expected to be 315.5 billion to 320.5 billion US dollars
The Philippines will welcome its first fab
According to foreign media sources, the Philippine Investment Commission (BOI) will work with the United States to expand its semiconductor capabilities, including the construction of its first wafer fab. It is reported that the Philippine Investment Commission met with U.S. Deputy Secretary for Economic Growth, Energy and Environment Jose Fernandez on January 30 to discuss the Philippines' desire to focus on the semiconductor and critical minerals industries.
Baiyi Technology completed strategic financing.
Niuxin Semiconductor completed the C+ round of financing.
Feynman Power completed a pre-A round of financing of over 100 million yuan.
Ronghe Yuan Chu completed 1600 million yuan Series A financing.
Jinweike Biotech completed a new round of equity financing.
Nova Nebula was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange.
Shanghai Hejing was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange.
The IPO of Tick Travel Hong Kong stock was filed with the Securities Regulatory Commission.
Alibaba's management: We will continue to look at the financing of different businesses separately.
Q: How is the new tea market in 2023?
Forward-looking Industry Analyst:
In recent years, the tea beverage category has gradually been enriched, and the rich categories have stimulated consumers' desire to shop, and the market size of the tea beverage industry as a whole is on the rise. Among them, due to the impact of the new crown epidemic in 2020, the overall scale of the industry will decline, and the market size of China's tea beverage industry will be 10319.2 billion yuan. In 2021, the market size of China's tea beverage industry will be 10807.3 billion yuan, a year-on-year increase of 473%。
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