Financial attention
Macroeconomics
1. Shanghai Customs: In the first seven months, the total import and export value of the Yangtze River Delta region reached a historical high of 9.1 trillion yuan, a year-on-year increase of 5.8%, accounting for 36.7% of the country's total import and export value.
2. Xinhua News Agency: The Jiaolong, which arrived at the first operational area in the Western Pacific, carried Xu Xuewei, the chief scientist of the 2024 Western Pacific International Voyage, and completed the first dive of the voyage with divers Qi Haibin and Zhang Yi. This is also the 300th dive of China's independently designed and integrated first 7000 meter deep manned submersible, the Jiaolong.
3. Shanghai Airlines Exchange: Last week, China's export container transportation market remained generally stable, with fluctuating freight rates on major ocean routes and slight fluctuations in the composite index. On August 16th, the comprehensive freight rate index for Shanghai's export containers was 3281.36 points, an increase of 0.8% compared to the previous period.
4. Xinhua News Agency: Since this year, not only Vietnamese tourists have loved Yunnan and other places, but Vietnam has also become a popular destination for many Chinese outbound tourists. In May of this year, the number of Chinese tourists visiting Vietnam reached 357000, surpassing South Korea, which has been leading for four consecutive years, and once again becoming Vietnam's largest tourist source country.
Stock market inventory
1. Last Friday, the Shanghai Composite Index closed up 0.07% at 2879.43 points, up 0.6% for the week; The Shenzhen Component Index closed down 0.24% at 8349.87 points, down 0.52% for the week; The ChiNext Index closed down 0.08% at 1591.46 points, down 0.26% for the week.
2. Last Friday, the Hang Seng Index closed up 1.88% at 17430.16 points, up 1.99% for the week; The Hang Seng Technology Index closed up 2.21% at 3459.09 points, up 0.65% for the week; The state-owned enterprise index closed up 2.1% at 6161.90 points, with a weekly increase of 2.39%.
3. China Fund News: As of August 16th, 536 pure fixed income wealth management products have experienced a decline in net value in the past week, with over 90 products experiencing a 0.1% drop in net value in the past week.
4. Securities Times: More than a thousand companies in the Shanghai Stock Exchange have launched the "Quality Improvement, Efficiency Enhancement, and Heavy Return" action plan, covering a market value of about 25 trillion yuan, including 708 private enterprises and 298 state-owned enterprises. In addition, the coverage rate of the Shanghai 180 Index companies is nearly 80%.
5. ST Chaohua: The company's stock has been delisted by the Shenzhen Stock Exchange and will be delisted on August 19th.
6. Yashi Optoelectronics (4-connected board): The company has the ability to design and manufacture VR products. The company's VR related products are VR application products for LCD display modules, mainly used in cinemas, etc.
7. Skyworth Digital (2 consecutive boards): Based on the abnormal fluctuations in the company's stock trading prices, the company has noticed that AI eyewear products, applications, and related industry chains have received significant market attention in recent times.
8. Shenzhen Huaqiang (2 consecutive boards): The company's main business is authorized distribution of electronic components, and has established long-term friendly cooperative relationships with many well-known international and domestic original factories.
9. Zheshang Bank: Zhang Rongsen resigns from his position as executive director and president of the company due to personal reasons, and such resignation shall take effect from the time the resignation report is delivered to the company's board of directors.
10. New stock subscription: This week, there were 3 new stock subscriptions, including 1 on the ChiNext board, 1 on the Beijing Stock Exchange, and 1 on the Science and Technology Innovation board, namely Jialiqi, Chengdiangxin, and Yinuosi.
11. Restricted and unlocked: This week, a total of 57 restricted shares were unlocked, with a total of 8.474 billion shares unlocked and a market value of 75.437 billion yuan. Among them, Shanghai Rural Commercial Bank ranked first on the unlocking list with 30.704 billion yuan, while China Shipbuilding Technology and China Telecom ranked second and third with 4.21 billion yuan and 3.96 billion yuan respectively.
Industry Observation
1. Cui Dongshu, Secretary General of the China Association of Automobile Manufacturers (CAAM): The proportion of ternary batteries for domestic vehicle models with certificates of conformity is gradually recovering. The demand growth for power battery installation is fluctuating. 388GWh will be installed in 2023. The installation of lithium batteries in July 2024 reached 42GWh, a year-on-year increase of 29%.
2. China Securities News: On the eve of Qixi, LV opened its first chocolate store in China in Shanghai, with a minimum price of 240 yuan/box, triggering a panic buying. After LV chocolate became popular, it was difficult to find a reservation ticket, and the phenomenon of "scalping" was severe, even leading to the phenomenon of purchasing chocolate only through distribution.
3. Lighthouse Professional Edition: As of 23:25 on August 17, the total box office (including pre-sales) of the 2024 summer season (June August) has exceeded 10 billion yuan. The top 5 box office hits in the current slot are "Catch the Doll", "Silent Kill", "There's a Small Shop by the Clouds", "Deadpool and Wolverine", and "Despicable Me 4".
4. Securities Times: Recently, the second phase of the Xizang Caipeng Optical Storage Project contracted by Powerchina EPC started. The altitude of the project construction site ranges from 5046 meters to 5228 meters, setting a new record for the highest altitude of 5100 meters at the site of the first phase of the project, and becoming the highest optical storage project under construction in the world.
5. Ministry of Agriculture and Rural Affairs: From August 1st to August 8th, the average wholesale price of watermelons nationwide showed an overall upward trend, rising from 2.89 yuan per kilogram to 3.31 yuan per kilogram.
6. Pengpai News: Prices have increased by 30-40% in six months, and the price of 3 barrels of badminton is approaching 1 gram of gold. Recently, topics such as "rising badminton prices" have been trending on social media. At the same time as the price increases, there is a shortage of badminton supply.
7. CCTV News: This summer, the popularity of the entire tourism market continues to rise, with scenic spots in various regions becoming hot spots. To meet the visiting needs of tourists, many museums across the country have extended their opening hours and launched distinctive "night tours" activities.
8. On the morning of August 18th, Zhiyuan Robotics announced that the shipment volume of robots this year will exceed 100 units. The founder of Zhiyuan Robot is Peng Zhihui, who was previously known as the "genius youth". Since its establishment over a year ago, Zhiyuan Company has grown to over 300 employees.
Financial data
1. New Third Board: Last week, 4 new listed companies were added with a transaction amount of 58 million yuan, a decrease of 5.29% compared to the previous week. As of now, the total number of companies listed on the New Third Board has reached 6142.
2. Last Friday, the onshore Chinese yuan closed at 16:30 against the US dollar at 7.1680, down 0.0964%, and up 0.0920% for the week; The central parity rate of RMB was reported at 7.1464, a decrease of 0.0910%, and a weekly decrease of 0.0210%.
3. Shanghai Environmental Protection Exchange: Last week, the trading volume of carbon emission quota listing agreements in the national carbon market was 180800 tons, with a total transaction volume of 16.596 million yuan and a closing price of 91.29 yuan/ton, up 0.79% for the week.
4. US stock market: Last Friday, the Dow Jones Industrial Average rose 0.24% to 40659.76 points, up 2.94% for the week; The S&P 500 index rose 0.2% to 5554.25 points, with a weekly increase of 3.93%; The Nasdaq rose 0.21% to 17631.72 points, with a weekly increase of 5.29%.
5. Europe: Last Friday, the German DAX30 index rose 0.77% to 18322.40 points, up 3.38% for the week; The French CAC40 index rose 0.35% to 7449.70 points, with a weekly increase of 2.48%; The FTSE 100 index in the UK fell 0.43% to 8311.41 points, and rose 1.75% for the week.
6. Gold: Last Friday, COMEX gold futures closed up 2.07% at $2546.2 per ounce, up 3.06% for the week.
7. Crude oil: Last Friday, the settlement price of WTI September crude oil futures fell 1.93% to $76.65 per barrel, a decrease of 0.25% for the week. The settlement price of Brent crude oil futures in October fell 1.68% to $79.68 per barrel, which was basically unchanged last week.
► Financial headline app: Optimism about monetary easing policies and the massive purchase of gold by central banks is rising. In addition to the rising geopolitical risks such as the tension in the Middle East and the Russia-Ukraine conflict, gold prices broke through $2500 per ounce for the first time last Friday, breaking a new record. According to data from the US Commodity Futures Trading Commission, speculators' net bullish bets on Comex gold rose to a nearly four-year high in the week ending August 13th. In addition, gold ETFs have also seen continuous capital inflows in recent months.
As a traditional buyer of gold, many central banks in various countries have been very active in the gold market this year, especially emerging market countries, which have become the main buyers of gold. Among the top ten gold reserve countries in the world, only Russia, China, and India chose to increase their holdings of gold in the first half of this year. However, developed countries have hardly engaged in trading and even experienced a reduction in holdings. This divergence trend highlights the risks brought by the frequent use of financial sanctions by developed Western countries in recent years. Due to the widespread use of the US dollar and euro in economic sanctions, many emerging countries have begun to value the importance of assets such as gold in order to seek trade stability.
FxPro: Due to the continuous large-scale purchases of gold by global central banks and Western investors, there is still room for gold prices to rise. From both fundamental and broader market sentiment perspectives, the sustained demand for gold from central banks around the world is becoming increasingly important for the gold bull market. The gold price is expected to reach a maximum of $2800-2900 per ounce. This is based on the trend of gold from its bottom in October 2022 to September 2023. Profit taking may lower the gold price to the $2450 range.
Hualian Securities: In terms of supply and demand, from the balance sheet of gold supply and demand, when the supply and demand of gold are tightly balanced, it helps to raise the price of gold, but when the supply and demand of gold are in a weak balance, it has little impact on the price of gold. The global gold supply and demand in the second quarter of 2024 are relatively loose; In the first half of 2024, domestic gold supply increased year-on-year, while demand fell year-on-year. However, domestic gold supply and demand are still in a tight balance, mainly due to a significant increase in gold bars and coins.