Financial attention
Macroeconomics
1. IoT: In June, the global manufacturing PMI was 49.5%, a decrease of 0.3 percentage points compared to the previous month, marking the third consecutive month of decline. In the second quarter, the average global manufacturing PMI was 49.7%, slightly higher than the first quarter by 0.1 percentage points, indicating that the global economy has maintained a moderate recovery trend.
2. China Association of Automobile Manufacturers (CAAM): In June, the European Commission disregarded the facts and insisted that there were high subsidies in China's electric vehicle industry, which caused damage to the EU's electric vehicle industry. It also proposed to impose temporary anti subsidy taxes on electric vehicles exported from China.
3. China News Agency: Indonesian Minister of Ocean and Investment, Luhute, clarified speculation about a "200% import tariff" on June 5th. He stated that this move is not targeted at any specific country, let alone China.
4. Global Times: On July 5th local time, citing a senior US official, NATO allies will announce plans for Ukraine's "entry bridge" at the NATO summit in Washington next week.
Stock market inventory
1. Securities Daily: In the first half of this year, the average return rate of 79 billion yuan private equity institutions with performance records was 0.40%, of which 32 institutions achieved floating profits, accounting for 40.51%. Specifically, among the billion yuan private equity institutions that have achieved floating profits, 21 institutions have floating profits exceeding 5%. Among them, 9 institutions have a floating profit of over 10%, with the highest floating profit approaching 50%.
2. Shanghai Stock Exchange News: Since June, hundreds of listed companies have undergone institutional research. As a leading indicator of industry prosperity that is more easily accessible to investors, the company's order situation has become an unavoidable topic in research. Many companies have disclosed that their orders are full and their production and sales are good.
3. Securities Daily: In order to better meet the investment and financial needs of investors and enhance product competitiveness, several fund products have recently announced the transformation into ETF (ETF) linked funds. In addition to changing the fund name and asset valuation, some products have announced that they will reduce various fees after the transformation.
Industry observation
1. China Securities News: Since 2024, the futures prices of the European freight index (Euroline) have been on the rise, with the main consecutive contracts leading the domestic futures market with a cumulative increase of nearly 250%. Looking ahead to the future, in the fourth quarter, against the backdrop of traditional cargo volume tending towards a low season, the demand side support may weaken, and freight rates may experience adjustments at that time.
2. Immigration Administration: In the first half of the year, 14.635 million foreign nationals entered various ports nationwide, a year-on-year increase of 152.7%; A total of 287 million inbound and outbound personnel were inspected. Among them, 8.542 million people entered through visa free entry, accounting for 58%, a year-on-year increase of 190.1%. It is expected that the popularity of foreign visitors to China will continue to rise in the second half of this year.
3. Pengpai News: At the site of the breach of the Dongting Lake embankment on the Tuanzhou Embankment in Huarong County, Hunan Province, it was learned that the water level inside and outside the breach has been leveled, and the water flow rate is tending to be gentle. According to expert opinions, various preparations before sealing have been made in the early stage, and the sealing operation is currently underway. The left bank has already occupied 3 meters, and the right bank is still striving to build a wrapping head. The expected construction period is about 4 days.
4. Cui Dongshu, Secretary General of the China Association of Automobile Manufacturers: From January to May, the sales of domestic brands in China's overseas market reached 940000 units, a year-on-year increase of 58%. The retail performance of China's domestic overseas market is very good. The important reason for the export growth is the huge international cost-effectiveness advantage of domestic brand fuel vehicles and the strong export of new energy vehicles. In addition, Russia has contributed a huge increase, so the quantity and average price of China's automobile exports have grown strongly.
5. Guangming Net: At 6:49 am on July 5th, China successfully launched the Tianyi-5 02 satellite group into orbit using the Long March 6 modified carrier rocket at the Taiyuan Satellite Launch Center. The satellite successfully entered the designated orbit and the launch mission was a complete success.
6. Xinhua News Agency: The first "Arctic Express No.1" logistics special train opened on the 5th at the Belerast Logistics Center in Moscow Oblast, Russia. This logistics route adopts a sea rail intermodal transportation method, connecting Moscow, Arkhangelsk Port in Russia, and Chinese ports, greatly reducing transportation time and costs.
7. Ukrainian Ministry of Agriculture: In June, Ukraine's wheat exports decreased by 45% month on month, to 908000 tons, the lowest level of the year. Recently, only July 2023 has seen a lower export volume.
Financial data
1. Securities Daily: In recent years, overseas institutional investors have been continuously active in applying for qualified foreign investor qualification licenses. The number of approved institutions for the whole year of 2021 was 118, and for the whole year of 2023, it was 81, setting a new historical high and a second highest since 2003.
Young people are saving money: "smart minds" are enthusiastic about price comparison, seeking a sense of relaxation at home, and "fancy financial management" have become the top ten popular consumption trends. According to data from Yu'ebao, there are 20 million people born in the year 2000 who choose to save money at fixed times, and 6.4 million people who set up saving while spending, saving every expense. Young people who grow up in uncertainty are gradually tearing off the label of "moonlight clan". There are over 1.59 million pieces of content related to "saving money" on a certain social platform, and various accounting apps are taking turns to launch. Young people also have their own set of methodologies on how to save money painlessly, including the "pretend to save method" designed for themselves. In 2024, Alipay has created more than 20 million "small goals" for saving money.
Young people are relaxing: pinching music, Buddha style bracelets, floating stones, "no banana green" ornaments, "no ban flavor" T-shirts... Opening this generation of young people's online shopping cart, you will find some new and exciting things. These seemingly useless but stress relieving small products have driven the explosion of the "slack economy" and become new opportunities for businesses. With more and more young people paying for a sense of relaxation, some services are also beginning to label themselves as "relaxed". In recent years, industries related to the "relaxation economy" such as sleep health and exercise have shown significant compound growth rates, ranging from 18.5% in the meditation market to 44.42% in the sleep market, showing sustained growth potential. These "relaxed" products are not just a temporary trend, they may represent a long-term attitude towards life and consumption trends.
Among the correct ways for young people to consume in summer, drinking beer is probably one of them. The high temperature weather has kicked off, coupled with the catalysis of sports events such as the European Cup, the demand for beer in the market is showing a significant growth trend. Major beer brands are competing to launch products and services that are suitable for scenario based consumption. As the main consumption scenario for beer, many small taverns and offline bars are using all their skills to seize the peak sales season. The chain tavern brand Helens has launched multiple European Cup themed discount packages, priced between 89.99 yuan and 299 yuan. In addition to enjoying taste, more and more young people are placing more emphasis on the atmosphere and experience of the scene when drinking beer, which has also led to the rise of new beer consumption scenarios such as small pubs and music bars. Its essence is the shift of beer consumption from purchasing alcohol to purchasing experience and emotional consumption.
Young people are discussing that before summer arrived, Dongdong shoes had already sold out in China. On one hand, they were despised by the public as "ugly shoes", and on the other hand, they were sought after by the entire internet as "holes". However, in the increasingly segmented shoe market such as thick soled shoes, comprehensive training shoes, and thin and low shoes, Dongdong shoes have always been irreplaceable. The enthusiasm of the public for wearing in daily scenes has gradually made the three words "hole shoes" synonymous with all similar trendy shoes and slippers. More and more fitness enthusiasts are favoring it, for reasons such as comfort, ease of wearing and taking off without tying shoelaces, and no foot wear. Discussions about functionality are also gradually becoming more serious. From functional needs to spiritual needs, and then to becoming a cultural phenomenon, there is still much room for anticipation in the surprises and topics that the growing sports brands can provide to people.