Financial attention
Macroeconomics
1. Minister of Industry and Information Technology Jin Zhuanglong: Vigorously develop the new generation of information technology industry. Establish a mechanism to promote the development and growth of specialized, refined, unique, and innovative small and medium-sized enterprises. Establish a modern industrial system and mechanism with advanced manufacturing as the backbone. We will implement measures to completely eliminate restrictions on foreign investment access in the manufacturing sector, and promote the orderly expansion of opening up in telecommunications, the Internet and other fields.
2. Securities Times: On November 15, the issuance of 1 trillion yuan super long term special treasury bond this year was completed. Local governments have launched a new round of issuance of stock implicit debt replacement bonds. Experts say that the large-scale replacement of hidden debts of local governments has freed up funding space and reduced the burden of debt interest, and also increased the safety of assets held by financial institutions.
3. On November 15th, the 145 trillion yuan MLF expired, and the central bank carried out a 981 billion yuan 7-day reverse repurchase operation. Experts say that the largest MLF due this year, coupled with the issuance of government bonds and other factors, has caused more market liquidity disturbances. The central bank has used various open market operation tools to safeguard market liquidity.
4. Xinhua News Agency: As of now, China has cultivated over 140000 specialized, refined, unique, and new small and medium-sized enterprises, as well as 14600 specialized, refined, unique, and new "little giant" enterprises, forming 300 characteristic industrial clusters of small and medium-sized enterprises; More than 20 bilateral and multilateral cooperation mechanisms have been established in the field of small and medium-sized enterprises, and 15 Sino foreign small and medium-sized enterprise cooperation zones have been established.
5. WHO: Antimicrobial resistance is threatening the efficacy of drug treatments that humans rely on. This will make treating infections more difficult, and may even become impossible. Or it may lead to the emergence of superbugs, thereby increasing the risk of disease transmission, disability, and death. Currently, 1.3 million people are losing their lives annually as a result.
Stock market inventory
1. China Securities News: The repurchase frenzy of A-share listed companies has continued to heat up since the beginning of this year. As of November 15th, nearly 1600 listed companies have announced the completion of share repurchases this year, with a total repurchase amount exceeding 142.3 billion yuan, of which 343 companies have repurchased more than 100 million yuan.
2. Shanghai Stock Exchange News: Since the beginning of this year, public fund products have attracted a large amount of capital inflows, and the initial fundraising scale of newly issued funds has exceeded one trillion yuan. Equity funds have become a key focus of public fund layout, and innovative index products are frequently popular. The countercyclical layout has become an industry consensus, and equity funds remain a key direction.
3. Private placement ranking website: As of November 14th, a total of 52 private equity securities fund managers' products have participated in the private placement of 41 A-share listed companies since the beginning of this year, with a total private placement allocation amount of 3.352 billion yuan. Out of the 41 A-share listed companies that private equity firms have participated in private placement since the beginning of this year, 37 stocks have achieved floating profits.
4. China Securities News: In the past two years, ETFs have gradually become a new tool for capital market investment due to their rich variety and diversified investment methods, and have been favored by investors. ETF business will become an important lever for securities firms' wealth management transformation, and multiple securities firms are actively laying out ETF business, hoping to seize the "new high ground" of competition through ETF business.
Industry Observation
1. Twelve units including the Propaganda Department of the Jilin Provincial Party Committee have issued the "Several Measures to Support the High Quality Development of the Animation Industry in Jilin Province". This policy aims to promote the transformation and development of Jilin's animation industry from business production to original development, to intelligent manufacturing, and to deep integration, and to build a highland for the animation industry in Northeast Asia.
2. The Shanghai Municipal Development and Reform Commission and Transportation Commission have issued a notice on the pricing mechanism of urban rail transit lines in Shanghai. The starting price for urban rail transit lines is 4 yuan, and for urban rail transit lines with a designed maximum speed of 160 kilometers per hour or above, the benchmark rate per person kilometer is 0.45 yuan; Design city lines with a maximum speed of 160 kilometers per hour or less, with a benchmark rate of 0.37 yuan per person per kilometer.
3. Pengpai News: It is reported that Shanghai has issued the first batch of autonomous driving license plates, which are designed with a combination of light blue and white, and clearly marked with "unmanned equipment" above. The relevant department stated that the above understanding is a misunderstanding, and the unmanned driving equipment is not the manned vehicle that netizens thought, but refers to low-speed wheeled equipment for unmanned delivery.
4. Shanghai Guotou Leading Private Equity Fund: Biomedical Leading Master Fund was officially established this year. The parent fund will accelerate the layout of short links and key core areas in the industrial chain, increase early and small investments, and focus on improving the overall level of the industry.
5. China Pharmaceutical Industry Development Conference: Since the beginning of this year, 37 innovative drugs and 51 innovative medical devices have been approved for market in China, ranking second in the world in terms of the number of new drugs under development. In September, the growth rate of added value in the national pharmaceutical industry reached 10.5%, accounting for 3.7% of the total industry. We will promote the transformation and upgrading of the pharmaceutical industry in the future.
6. Shanghai Airlines Exchange: This week, there has been a correction in China's export container transportation market, with a lack of further growth momentum in transportation demand. Most shipping routes have seen a decrease in freight rates and a decline in the composite index. On November 15th, the Shanghai Export Container Freight Index was 2251.90 points, a decrease of 3.4% from the previous period.
7. Zhuochuang Information: Currently, the delivery speed of live pigs is relatively slow, and the delivery speed of high priced live pigs in the market is also slow. There is still a possibility of price reduction for the breeding end. Next week, the whole country will experience cooling weather, and the slaughter volume in some areas may stop falling and rebound, which will have a slight positive support effect on the market.
8. China Cuisine Association: In October, the growth rate of catering revenue increased by 0.1 percentage points month on month, and the proportion of catering revenue to the total retail sales of consumer goods in China was 10.9%, an increase of 0.2 percentage points month on month. From January to October, the growth rate of catering revenue in China was 2.4 percentage points ahead of the growth rate of total retail sales of consumer goods.
9. China IoT: Currently, China is still the market with the largest global logistics demand, with over 10000 A-level logistics enterprises and more than 2700 logistics parks above designated size. The operation system of "channel+hub+network" has initially taken shape. The new business model of smart logistics is flourishing, and as of now, there are over 3000 online freight platforms in China.
10. China Nonferrous Metals Industry Association Silicon Industry Branch: Polycrystalline silicon prices remain unchanged this week. Starting from this month, the monthly supply of polycrystalline silicon will continue to show a downward trend, and the monthly supply and demand of silicon materials are expected to gradually return to balance.
11. Yan Xiaolin, Chief Technology Officer of TCL Huaxing: On November 16th, TCL Huaxing printed OLED products for mass production, which is currently the only OLED technology compatible with large, medium, and small sizes.
12. Xinhua News Agency: A Chinese research team has successfully constructed a complex sensory nervous system in vitro, which is expected to provide a new drug screening tool for chronic pain and other diseases. The research results were recently published in the international academic journal Cell.
Financial data
1. China Trust Industry Association: Since the stabilization and recovery of trust asset scale in the second quarter of 2022, it has achieved year-on-year positive growth for 9 consecutive quarters until the end of June 2024. As of the end of the second quarter of this year, the balance of trust assets was 27 trillion yuan, with a year-on-year growth rate of 24.52%, which is a historical high for the scale of trust assets.
Young people are paying attention: After a hiatus of 1217 days, Li Ziqi, who has returned, is still a top performer. Since November 12th, Li Ziqi has continuously updated three videos, which quickly climbed to the hot charts of various platforms and easily gained billions of views, accumulating over 10 million views on YouTube. The first video of the return recorded the process of Li Ziqi making carved lacquer and hidden flower lacquerware works. Some netizens believe that the purple painted wardrobe represents' Ziqi has returned '. Many people have tried to replicate her experience to achieve success, but most imitators quickly disappear from the crowd, and a small number of successful individuals find it difficult to compare with her achievements. Nowadays, the number of fans who have returned to Li Ziqi has far exceeded the number that was lost in the past, which means that not only have the fans who left returned, but also a large number of new audiences have joined in.
Young people suffering from insomnia: Recently, major milk tea shops have started 24-hour operation, including mainstream tea brands such as Heytea, Bawang Tea Lady, Guming, Chabadao, Meixue Bingcheng, and Shanghai Auntie. Nighttime consumption exploded during the prevalence of various night markets and street vendors in the past two years, and now it has once again become popular throughout the entire consumer market. Do young people who don't sleep at night have such a strong demand for consumption? 60% of domestic consumption occurs at night, and the proportion of daily consumption from 18:00 to 22:00 in large shopping centers exceeds half of the entire day. This proportion continues to rise among the post-90s generation. This year's data from Ele.me and Meituan also shows that the demand for milk tea at night should not be underestimated.
Young people returning goods: In this era of consumer upgrading, Generation Z is gradually becoming the main force in the consumer market, quietly changing the business landscape with their unique shopping concepts and behaviors. After the end of Singles' Day, the return rate of women's clothing reached a historic high, and related Singles' Day return topics frequently flooded the hot search. A merchant has revealed that the return rate of their store is as high as 80% -90%. Brand owners are puzzled as to what this consumer group is pursuing? Behind the soaring return rate is that Generation Z no longer sees shopping as "buying is owning", but as a way of trying, being cautious, and personalized to find the products that best meet their expectations. Returns have become common not because they are arbitrary, but because they are becoming increasingly strict.
Young people are discussing: recalling the price increase battle of chain fast food brands this year. Tastin, which relies on low prices to grab the market, is still raising prices despite recent food safety issues. Burger King is watching its performance and profits decline, and is willing to insist on raising prices even if criticized for being on the hot search. Even the iconic "Poor Ghost Three Piece Set" of pickled vegetables and cola instant noodles has increased in price this year. You should know that the price increase of cheap food is often the result of a general rise in prices. On the one hand, due to the impact of global climate change, crop reduction, international trade policies, and other factors in recent years, on the other hand, the intensification of industry competition during the economic downturn, the increased sensitivity of consumers to prices, and the inventory cost pressure caused by the decline in product sales and turnover, enterprises will further approach the profit life and death line.