Financial attention
Macroeconomics
1. Pengpai News: As of August 17th, over 20 cities across the country have announced the cancellation of the Gold Exchange. Several local gold exchanges have been cancelled before.
2. The National Development and Reform Commission and four other departments will establish a mechanism to promote private investment funding and factor guarantee, further promoting the development of private investment. We will continuously promote projects to private capital and focus on increasing the promotion of key infrastructure projects such as transportation, energy, and water conservancy.
3. CCTV News: Driven by the policy of large-scale equipment updates, investment in technological transformation in the manufacturing industry increased by 10.9% from January to July, continuing to maintain double-digit growth, which is 7.3 percentage points faster than total investment; The energy utilization efficiency in the industrial sector continues to improve, and the energy consumption per unit of GDP in China has further decreased, accelerating the promotion of green and low-carbon development.
4. 21st Century Economic Report: In June, China's holdings of US treasury bond increased by $11.9 billion month on month, the largest monthly increase since December last year. This brought the total size of US treasury bond held by China back to an integer of US $780 billion, reaching US $780.2 billion.
Stock market inventory
1. Securities Daily: As of August 16th, the total amount of subscribed wealth management products by listed companies has exceeded 430 billion yuan. Among them, the subscription proportion of brokerage wealth management products continues to rise, especially income vouchers, which are highly favored and have become the preferred wealth management choice for some listed companies.
2. China Securities News: Niu Sanzhang Jianping borrowed someone else's securities account, which constitutes the act of borrowing someone else's securities account as described in Article 195 of the Securities Law. The person lending the securities account is Fang Deji, the father-in-law of Zhang Jianping. Both were fined a maximum of 500000 yuan by the China Securities Regulatory Commission.
3. Since August, the regular issuance of public REITs has significantly accelerated. On the one hand, the secondary market of public REITs has added new players, and Hua'an Bailian Consumer REIT was officially listed on August 16th; On the other hand, the process of issuing and listing multiple public REITs products has made new progress.
4. Securities firm China: Recently, China Construction Bank announced that the company will follow the principle of higher product risk rating and increase the risk rating of 17 public funds sold on behalf of clients. With the severe fluctuations in the market, the performance and drawdown of some active equity products are not very optimistic. Among all customer groups, bank customers with lower risk appetite are more "injured".
5. Lingnan Corporation: Zhongshan Talent Innovation and Entrepreneurship Ecological Park Service Co., Ltd. is planning to acquire some "Lingnan Convertible Bonds" and related rights. The acquisition price is calculated based on a 15% increase in the closing average price of the "Lingnan Convertible Bond" for 20 consecutive trading days before and including August 9th, which is 100.127 yuan per bond.
Industry Observation
1. Shanghai Stock Exchange News: By 2027, the core industry scale of Shanghai's low altitude economy will reach over 50 billion yuan, creating a "Sky City" with global influence.
2. China Nuclear Association: Recently, the IEEE1682 standard "Identification Requirements for Fiber Optic Cables and Connection Components of Safety Systems in Nuclear Power Plants" co authored by Shanghai Nuclear Engineering Institute has been officially released. This is the first international standard focusing on the identification principles and implementation methods of safety critical fiber optic cables and connecting components for nuclear power plants.
3. Shanghai Stock Exchange News: In recent years, cross-border e-commerce has developed rapidly, becoming a new form of trade and a new driving force. By the end of 2023, the import and export scale of cross-border e-commerce in China will reach 2.38 trillion yuan, an increase of 1.2 times compared to 1.06 trillion yuan five years ago.
4. Caixin Network: Currently, the Chinese battery industry is in the stage of capacity clearing, and it is expected that the downward trend in industry profit margins will continue for some time until the end of capacity clearing. The theoretical global production capacity of batteries in 2023 is 2.5 terawatt hours (TWh), with China exceeding 2.1 TWh.
5. CCTV Finance: Currently, liquefied natural gas is the main alternative fuel for ships, and orders for green powered ships are increasing. In the first six months, China's international share of new green powered ship orders reached 71.7%, achieving full coverage of mainstream ship types.
6. Ministry of Transport: By the end of 2025, all newly issued and renewed road transport licenses will be digitized, and the compliance rate and collection rate of electronic license data will reach over 95%, comprehensively improving the level of cross regional mutual trust, recognition, and sharing of road transport electronic licenses.
7. CCTV News: Japan's defense spending for 2025 may exceed 8 trillion yen (approximately 388.3 billion yuan) for the first time, setting a new historical high. From 2023 to 2027, it is expected that the total defense spending of the Japanese government over the past five years will reach approximately 43 trillion yen (about 2 trillion yuan), nearly 1.6 times that of the previous five years.
Global perspective
1. The National Oceanic and Atmospheric Administration of the United States: Since the beginning of summer this year, many countries in the Northern Hemisphere have experienced extreme high temperatures. The just passed July was the 14th consecutive month in which global temperatures reached a new high. The global average temperature in July this year was 0.03 ℃ higher than that of July last year. There is a 77% chance that 2024 will become the hottest year in history.
2. Xinhua News Agency: It is expected that more patients infected with the "branch I" strain of monkeypox will travel to Europe, and it is recommended that European countries issue travel warnings for people traveling to and from areas affected by the monkeypox epidemic. After close contact with suspected or confirmed imported cases of monkeypox, the risk of infection is "moderate".
Financial data
1. Securities Daily: Recently, the performance of banking insurance companies in the first half of the year has been released one after another. In the first half of this year, a total of 9 banking insurance companies achieved insurance business revenue of 267.84 billion yuan, a year-on-year increase of about 17.2%; The total net profit achieved was 8.49 billion yuan.