Financial attention
Macroeconomics
1. Xinhua News Agency: Starting from December 2nd, the electronicization of motor vehicle driving licenses will be fully implemented nationwide, and all car owners in the country can apply for electronic driving licenses through the "Traffic Management 12123" APP.
2. CCTV News: On December 1st, the public subject written examination for the recruitment of civil servants by central government agencies and their directly affiliated institutions in 2025 was held simultaneously in 248 cities across 31 provinces (autonomous regions, municipalities directly under the central government) in China. A total of 2.982 million candidates confirmed their registration before the exam, and 2.586 million actually participated in the exam, with a reference rate of about 86.7%. The ratio of the number of participants to the planned number of recruits was about 65:1.
3. Shanghai Frontier Inspection Station: As of December 1, the number of foreigners entering Shanghai port had reached more than 4 million, doubling year on year. Among them, the number of visa free entry foreigners reached 1.377 million person times, and the number of visa free transit foreigners reached 40000 person times in 144 hours, 4.8 times and 2.4 times of the same period last year respectively.
4. CCTV News: As of December 1st, China has cultivated a total of 14600 specialized, refined, and innovative "little giant" enterprises, over 140000 specialized, refined, and innovative small and medium-sized enterprises, over 600000 technology-based and innovative small and medium-sized enterprises, and nearly 5000 "little giant" enterprises. Since the beginning of this year, 146 specialized and innovative small and medium-sized enterprises have entered the Hurun Global Unicorn List, accounting for 43% of the number of unicorn companies in China.
Stock market inventory
1. Last Friday, the Shanghai Composite Index closed up 0.93% at 3326.46 points, up 1.81% for the week; The Shenzhen Component Index closed up 1.72% at 10611.72 points, up 1.66% for the week; The ChiNext Index closed up 2.50% at 2224.00 points, with a weekly increase of 2.23%.
2. Last Friday, the Hang Seng Index closed up 0.29% at 19423.61 points, up 1.01% for the week; The Hang Seng Technology Index closed up 1.06% at 4353.55 points, up 2.53% for the week; The state-owned enterprise index closed up 0.32% at 6946.68 points, with a weekly increase of 0.87%.
3. Meijing.com: In November, 11 IPO companies in the A-share market successfully passed the meeting, reaching a new high since February, including 6 target companies listed on the Beijing Stock Exchange. In addition, 26 companies submitted their applications to the Hong Kong Stock Exchange in November, setting a new high for the year.
4. Financial Headlines App: Last week, a total of 8 listed companies, including Yunji Group, Delong Huineng, Northern Copper Industry, Zhuye Group, Sunrise Oriental, Sinan Navigation, Hongxiang Shares, and Jiangnan High Fiber, announced that shareholders and relatives of directors, supervisors, and senior executives engaged in illegal short-term trading. Among them, Yunji Group and Sunrise Oriental's directors, supervisors, and relatives benefited the most from short-term trading, reaching 279200 yuan and 138300 yuan respectively.
5. Pingzhi Information: Signed a strategic cooperation framework agreement with ZTE Corporation, and both parties will carry out comprehensive and in-depth cooperation around the construction of the Yunnan Intelligent Computing Construction Project. The specific implementation plan needs to be further negotiated and determined by all parties involved, and there is a certain degree of uncertainty.
6. BYD: In November, the sales of new energy vehicles were 506800 units, and from January to November, the sales of new energy vehicles were 3.7573 million units, a year-on-year increase of 40.02%.
7. Sailis: Car sales in the first 11 months were 455500 units, a year-on-year increase of 129.22%; The sales of new energy vehicles reached 389600 units, a year-on-year increase of 255.26%. In November, the sales of new energy vehicles reached 36800 units, a year-on-year increase of 54.58%.
8. Da Dongfang (10 days, 8 boards): The actual fluctuation range of the company's stock after excluding the overall impact of the market and corresponding sectors is relatively large. Regarding the continuous rise of the company's stock price and irrational speculation behavior in the recent stage, we solemnly remind investors to pay attention to the trading risks in the secondary market.
9. Business Treasure (9-day-8 board): The company's recent production and operation situation has been normal, and there have been no significant changes in the internal and external business environment. After self-examination, there is no violation of fair disclosure of information.
10. Cross border Communication (6-day 5-board): As of December 1st, the company has not received any notification or ruling from Taiyuan Intermediate People's Court regarding the applicant's application for company restructuring and pre restructuring matters. There is still significant uncertainty regarding whether the applicant's application has been accepted by the court and whether the company has entered the pre restructuring and restructuring procedures.
11. New stock subscription: This week, there were 2 new stock subscriptions, namely Pioneer Jingke on the Science and Technology Innovation Board and Lanyu Shares on the Growth Enterprise Board.
12. Restricted and unlocked: This week, a total of 74 restricted shares were unlocked, with a total of 5.831 billion shares unlocked and a market value of 105.971 billion yuan. Among them, CITIC Securities ranked first on the unlocking list with 73.201 billion yuan, while Dingyang Technology and Jizhong Energy ranked second and third with 3.379 billion yuan and 3.282 billion yuan respectively.
13. Songfa Corporation plans to acquire assets worth 513 million yuan and invest 100% equity in Hengli Heavy Industry. The estimated value of the assets to be invested is 8.006 billion yuan.
14. Huaxin Cement plans to purchase equity assets for 838 million US dollars and ultimately hold control of a listed company in Nigeria to expand into the West African market.
15. Fenda Technology: intends to change the purpose of repurchasing shares from "for implementing equity incentive plans or employee stock ownership plans" to "for canceling and reducing registered capital". The other contents of the repurchase plan have not changed.
16. Shengquan Group: The company plans to repurchase 250 million to 500 million yuan worth of shares at a repurchase price not exceeding 32.00 yuan per share, all of which will be used for employee stock ownership plans or equity incentives.
17. China Post Technology: Guohua Satellite, the major shareholder holding 8.75% of the shares, plans to reduce its holdings by no more than 4.08 million shares, accounting for no more than 3% of the total share capital.
18. Sikrui: Shareholders such as Ningbo Tongtai Xin plan to reduce their total holdings of the company by no more than 3%.
Industry Observation
1. CCTV Finance: According to industry forecasts, the total expenditure on domestic night tourism will reach 1.91 trillion yuan in 2024, a year-on-year increase of 21.7%. At present, there are 20 nighttime cultural and tourism consumption clusters in Guangdong Province, which has effectively promoted the high-quality development of nighttime cultural and tourism economy.
2. China Electricity Council: In the first 10 months, the national market traded electricity reached 5.09 trillion kilowatt hours, a year-on-year increase of 9.5%, accounting for 62.2% of the total electricity consumption in society. The role of the market in promoting the optimization and allocation of electricity resources on a larger scale is constantly increasing.
3. China IoT Aviation Logistics Branch: In November, a total of 11 new international cargo routes were opened in China, with more than 30 round-trip flights added every week. As of November 30th, a total of 156 new international freight routes have been opened nationwide this year, with more than 430 round-trip flights added each week.
4. CCTV News: On November 30th, China's first commercial space launch site, Hainan Commercial Space Launch Site, achieved a successful launch for the first time. The new carrier rocket Long March 12 successfully sent the satellite Internet technology test satellite and technology test satellite 03 into the predetermined orbit.
5. Hangzhou Entry Exit Border Inspection Station: This year, there were over 300000 foreign passengers entering the country from Hangzhou Airport, a year-on-year increase of 84.8%. Among them, the number of foreign tourists who came to China without visas exceeded 94000, accounting for more than 31.3% of all incoming foreign tourists, a year-on-year increase of over 15 times.
6. National Reserve Bureau: Autumn grain procurement has reached its peak, with a total of 120 million tons currently purchased. In terms of price, the average purchase price of mid late rice is around 1.3 yuan per kilogram, with obvious characteristics of high quality and good price.
7. China News Service: By 2023, the global sensor market will reach a size of 192.97 billion US dollars. The level of sensor technology and market size in China are also rapidly improving, reaching 364.47 billion yuan in 2023.
8. Lighthouse Professional Edition: As of 11:42 am on December 1, 2024, the total box office (including screenings and pre-sales) of new films during the New Year period (November 22 December 31) has exceeded 600 million yuan.
Financial data
China Fund News: As of November 29th, since the September 24th market, the China Bond Total Wealth (Gross Value) Index has risen by 0.27%, recovering from the year's largest drawdown of 1.32% in the range. In this context, there are 1917 medium and long-term bond funds with a record high net asset value in the entire market, accounting for as much as 94%.
2. New Third Board: Last week, one new listed company was added with a transaction amount of 1.044 billion yuan, a month on month increase of 5.32%. As of now, the total number of companies listed on the New Third Board has reached 6099.
3. Last Friday, the onshore Chinese yuan closed at 4:30 pm against the US dollar at 7.2332, up 0.2661% and up 0.1656% for the week; The central parity rate of RMB was reported at 7.1877, up 0.0236%, with a weekly increase of 0.0904%.
4. Shanghai Environmental Protection Exchange: Last week, the trading volume of carbon emission quota listing agreements in the national carbon market was 3.6721 million tons, with a total trading volume of 3.780412 million yuan and a closing price of 102.38 yuan/ton, down 2.29% for the week.
5. US stock market: Last Friday, the Dow Jones Industrial Average rose 0.42% to 4491065 points, up 1.39% for the week; The S&P 500 index rose 0.56% to 6032.38 points, with a weekly increase of 1.06%; The Nasdaq rose 0.83% to 19218.17 points, with a weekly increase of 1.13%.
6. Europe: Last Friday, the German DAX30 index rose 1.03% to 19626.45 points, up 1.57% for the week; The French CAC40 index rose 0.78% to 7235.11 points, down 0.27% for the week; The FTSE 100 index in the UK rose 0.07% to 8287.30 points, with a weekly increase of 0.31%.
7. Gold: Last Friday, COMEX gold futures rose 0.34% to $2673.9 per ounce, down 1.37% for the week.
8. Crude oil: Last Friday, WTI January crude oil futures closed down 1.05% at $68.00 per barrel, with a cumulative drop of 1.18% in November. Brent crude oil futures closed down 0.46% in January at $72.94 per barrel, with a cumulative increase of 0.18% in November.
► Caijing Headlines APP: "Guzi" is a transliteration of the English word "Goods", referring to peripheral products of copyrighted works such as comics, animations, games, idols, and tokusatsu. As a form of trendy entertainment, "guzi" belongs to the category of spiritual consumer goods, bringing consumers various values such as self pleasure, collection, socialization, and second-hand transactions. Most of the "millet" commodities bear the anime IP, which is an important manifestation of the anime peripheral and derivative industries. The millet industry rose in 22 years and exploded in 23 years, and the subsequent prosperity is expected to continue to improve.
China Fund News: There are three main reasons why the "guzi" market is booming. Firstly, there is a strong demand for Yueji consumption, and young people are increasingly focusing on self satisfaction and emotional experience, making Yueji consumption a high prosperity industry with a large user base and broad prospects; Second, the market concentration around the anime is low, and it is in the stage of rapid expansion, so the industry concentration has greater room for improvement; Thirdly, policy support for offline consumption scenarios has strong explosive power, high profit margins, and broad development prospects for trendy and segmented tracks.
► Prospective Industry Research Institute: From 2016 to 2023, China's anime industry scale increased from 18.9 billion yuan to 221.9 billion yuan, with a compound growth rate of 42%. By 2023, the scale of China's pan anime users has exceeded 500 million, of which Generation Z is the main group. Looking into the future, it is estimated that from 2023 to 2029, the scale of the anime industry will grow from 221.9 billion yuan to 590 billion yuan, with a compound growth rate of 18%.
Debon Fund: The industrial chain of "Guozi Economy" mainly includes key links such as IP creation and authorization, product development and design, and channel sales. IP development and operation are the most crucial aspects. The ownership of popular IPs and the ability to develop IP derivatives are the moats of the industry. Secondly, the reach of consumers is also very important. At present, the retail channels are mainly cereal stores, grocery stationery and gift stores, card stores, and "anime+traditional store". If the company can rapidly expand its stores and expand its revenue scale to cash in profits based on well-known IP, it is also worth paying attention.