Financial attention
Macroeconomics
1. Premier of the State Council: The "Regulations on Export Control of Dual Use Items of the People's Republic of China" have been promulgated, clarifying that this regulation applies to the export control of dual-use items and other items related to safeguarding national security and interests, fulfilling international obligations such as non-proliferation. Cancel the registration system for dual-use item export operators. Enhance the transparency and standardization of export control policies for dual-use items.
2. The Ministry of Justice and the Ministry of Commerce: The "Regulations on Export Control of Dual Use Items of the People's Republic of China" will not set obstacles to normal international scientific and technological exchanges, economic and trade cooperation, and the safe and smooth operation of global industrial and supply chains. Dual use items can be used for both civilian and military purposes or contribute to enhancing military potential. It should be emphasized that export control does not prohibit exports.
3. Statistics Bureau: In the third quarter, the GDP of the financial industry increased by 6.2% year-on-year, the GDP of the information transmission, software, and information technology services industry increased by 10% year-on-year, and the GDP of the real estate industry decreased by 1.9% year-on-year.
4. The State Administration of Financial Supervision: We should encourage financial institutions to develop cross-border businesses such as supply chain finance, syndicated loans, cross-border mergers and acquisitions, and encourage Chinese funded financial institutions to optimize their layout in countries along the "the Belt and Road". Innovate investment and financing models to support technological innovation, industrial upgrading, and the development of new quality productivity.
5. Data Bureau: With a focus on clarifying rules and addressing shortcomings, we will establish and improve the data property rights system as soon as possible, and provide specific rules for data property registration, quality management, responsibility definition, compliance management, etc., to safeguard the vigorous development of the national integrated data market.
6. Russian President Putin: China Russia relations are built on mutual listening and respect. In the cooperation between both parties, this is not only a consensus, but also a concrete action.
Stock market inventory
1. Shanghai Stock Exchange News: A cross-border ETF that was once sought after by investors has recently been redeemed on a larger scale. From September 24th to October 18th, the net redemption fund shares of cross-border ETFs investing in major overseas markets exceeded 3 billion, with an estimated redemption amount of nearly 4.5 billion yuan. The A-share market, which is gradually becoming more attractive, has become the main battlefield for undertaking this part of capital transfer.
2. Securities Times: The case of repurchase, increase in holdings, and refinancing is about to be implemented. It is reported that major state-owned banks have taken rapid action to collect the financing demand amount and time schedule from potential listed companies, stating that they will "immediately organize the application for credit".
3. Securities Daily: Since October, several billion yuan private equity institutions have opened their doors to customers, boosting market confidence and introducing incremental funds amid the rebound trend of A-shares. Private equity institutions with billions of yuan have been making frequent moves, mainly due to the continued increase in policy benefits, and the cost-effectiveness of A-share investments is still improving.
4. Shanghai Stock Exchange News: Due to the continuous rise in stock prices, some listed companies have raised the upper limit of share repurchase prices. Since October, six A-share companies have issued adjustment announcements, reflecting the bullish expectations of listed companies and reflecting the improvement and recovery of the market environment and the increase in investment confidence.
5. IFlytek: From July to September, the monthly activation of iFlytek AI learning machines continued to reach new highs, and the cumulative activation in September reached a historical high. In the first three quarters, the sales of iFlytek AI learning machines continued to grow rapidly, with sales doubling. User satisfaction and recommendation value (NPS) remained the industry's top.
6. Western Mining: In the first three quarters, revenue was 36.725 billion yuan, a year-on-year increase of 13.93%; Net profit was 2.732 billion yuan, a year-on-year increase of 24.33%. The simultaneous increase in both quantity and price of copper products has enhanced the company's profitability and reduced asset scrapping losses compared to the same period last year.
Industry Observation
1. Energy Bureau: In September, the total electricity consumption of the society was 847.5 billion kilowatt hours, a year-on-year increase of 8.5%. Among them, the domestic electricity consumption of urban and rural residents was 132.3 billion kilowatt hours, a year-on-year increase of 27.8%.
2. China Railway: From January to September, the country's railways transported 3.33 billion passengers, a year-on-year increase of 13.5%, setting a new historical high for the same period.
3. Forestry and Grassland Bureau: In recent years, China has accelerated the expansion and improvement of forest food production, with an annual output of over 200 million tons of various forest foods, becoming the third largest agricultural product after grains and vegetables.
4. CCTV News: On October 18th, China Shipbuilding Industry Corporation (CSIC) and China Shipbuilding Industry Corporation (CSIC) jointly signed a contract with Seaspan, the world's largest independent container ship leasing company, to build six independently developed 13600 container ships. This is the largest shipbuilding order settled in RMB for container ships in China this year.
5. Securities Times: On October 17th, the first batch of domestic automotive chip certification review companies was officially released, marking a new stage in China's automotive chip quality certification. At the same time, the 1.0 version of the automotive chip certification review technology system has been officially released, which is the first authoritative achievement in China's construction of an independent quality standard system in the field of automotive chips.
6. Shanghai Stock Exchange News: Suzhou is leading the way in laying out low altitude economic infrastructure. As of October 19th, 102 low altitude takeoff and landing facilities have been completed and put into use, with 23 under construction. It is expected that more than 500 takeoff and landing points will be built by the end of 2024, achieving a comprehensive network layout in Suzhou.
7. Science and Technology Innovation Board Daily: Beijing has been implementing the "vehicle road cloud integration" plan since 2020, and the high-level autonomous driving demonstration zone has been iterated to the 3.0 stage. In the next stage, planning will be made around the 3000 square kilometer area between the Fourth and Sixth Ring Roads to further expand the scope of the demonstration zone.
8. Shanghai Stock Exchange News: The 3rd Guangdong Hong Kong Macao Service Trade Fair Hong Kong Macao venue was recently held, and a total of 12 overseas contractors conducted multiple rounds of negotiations at the venue, with a total contracted project amount of 1.43 billion yuan.
Insight Economics
1. CCTV News: The US Treasury Department has released the budget deficit for the fiscal year 2024, with a budget deficit of $1.833 trillion, an increase of 8% year-on-year. For the first time, federal debt interest has exceeded $1 trillion, with increased spending mainly focused on social security, healthcare, and the military.
2. Xinhua News Agency: As of October 14th, the global stockpile of oral cholera vaccines managed by the World Health Organization has been depleted, which will pose obstacles to responding to cholera outbreaks and controlling the spread of the epidemic.
Financial data
1. 21st Century Business Herald: Based on the dividend situation in 2023, there are a total of 1106 listed companies with A-share dividend yields exceeding 2.25%, accounting for 20.62% of the total market. According to relevant regulations, the loan interest rate issued by financial institutions should not exceed 2.25% in principle. This means that as long as the dividend yield of listed companies is higher than 2.25%, it is profitable for listed companies and major shareholders to use loans to repurchase and increase their holdings of stocks.