OPEC+ announced a significant cut in production to boost oil prices, with international crude oil prices hitting the largest single-week increase since March. [US side announced new export controls on chips. Ministry of Foreign Affairs responded] On the 8th, Foreign Ministry spok

Daily Selected

[Other global stock markets and assets performance during the "National Day" holiday: International crude oil prices hit the largest single-week increase since March] European and American stock markets rose first and then fell during the "National Day" holiday, and the overall closing price was mainly increased. OPEC+ announced a significant cut in production to boost oil prices, with international crude oil prices hitting the largest single-week increase since March. (Cailianshe)

[US side announced new export controls on chips and the Ministry of Foreign Affairs responded] html On the 28th, Foreign Ministry spokesman Mao Ning presided over a regular press conference. AFP reporter asked questions about the US Department of Commerce’s announcement to implement new export controls on chips. Mao Ning responded that the United States abused export control measures to maliciously block and suppress Chinese companies in order to maintain technological hegemony. This practice deviates from the principle of fair competition and violates international economic and trade rules, which not only harms the legitimate rights and interests of Chinese companies, but also affects the rights and interests of American companies. (Global Network)

[Additives cause public opinion crisis Haitian Soy Sauce responded several times to controversy has not yet subsided] This National Day holiday, Haitian Flavor Industry has not been smooth. The public opinion crisis occurred at the end of September, and some netizens posted the Haitian soy sauce they bought on social media. In comparing the ingredients differences between domestic and foreign products, netizens found that the Haitian soy sauce sold in Japan has no other additives except water, soybeans, wheat, salt and sugar; while the Haitian soy sauce in China also adds caramel color, sodium benzoate , sucralose and other additives. (Cailianshe)

[Big Bang: Another Lehman Brothers? Is Credit Suisse going bankrupt in the century-old investment bank? 】Recently, a message has been circulating in the foreign market. David Taylor, a business reporter under Australian Broadcasting Corporation (ABC), reported based on "Reliable News" that a large investment bank is on the verge of bankruptcy. The spread of news has caused heated discussions in the financial industry, and one of them has attracted attention is Credit Suisse. According to reports, the person in charge of Credit Suisse declined to comment on the news. Credit Suisse Group announced on October 7 that Credit Suisse International proposed to repurchase part of OpCo senior debt securities in cash, with an amount of up to about 3 billion CHF . (Cailianshe)

[A shares third-quarter report disclosure curtain has begun! Shangji CNC and Kangyuan Pharmaceutical took the lead in disclosing , 72 listed companies expected good performance in the first three quarters] On the evening of October 9, Shangji CNC and Kangyuan Pharmaceutical took the lead in disclosing the third quarter reports of 2022, and the disclosure of the third quarter reports of A-shares officially kicked off. In addition to the third quarter reports, the performance forecast for the first three quarters has also entered a concentrated disclosure period. On the evening of October 9, many listed companies including Yongtai Energy , Guanghui Energy , Tongwei Co., Ltd. , China Merchants Shipbuilding, Lake Electric disclosed their performance forecasts for the first three quarters. Statistics show that as of 19:00 p.m. on October 9, 99 listed companies disclosed their performance forecasts for the first three quarters. Among them, 72 companies made a positive prediction, with a positive prediction rate of 72.73%. Listed companies that have disclosed their performance forecasts have maintained good performance growth as a whole. (China Securities Journal)

[Central Bank: Further simplify the investment process for overseas investors to enter China] The People's Bank of China will continue to steadily improve the internationalization level of the RMB and serve to build a new development pattern of "dual circulation" and high-quality economic development. Continue to do a good job in institutional design, policy support and market cultivation, strengthen coordination between domestic and foreign currencies, and facilitate market entities to use more RMB in foreign trade and investment. Promote the transformation of the financial market to a comprehensive institutional opening and improve the liquidity of RMB financial assets. Further simplify the investment process of overseas investors entering the Chinese market, enrich the types of investable assets, and facilitate central bank institutions to allocate and hold RMB assets. (People's Bank of China )

Macroeconomic

【The central bank's blockbuster questionnaire report is here! Overall demand for loans, residents' income confidence, etc. have all increased] On October 9, the People's Bank of China released three routine questionnaires for bankers, entrepreneurs and urban depositors in the third quarter. The three reports reflect the feelings of different groups about the current economy and future economic expectations from the aspects of the macroeconomic popularity of bankers and entrepreneurs, the overall demand for loans, operating prosperity and profits, income and employment.(Broker China)

[ Central Bank reverse repurchase operation reappears the land volume, and liquidity is expected to remain abundant in October] After the National Day holiday, the central bank reverse repurchase repurchase regained a 2 billion yuan operation scale. On October 9, the central bank issued a message saying that in order to maintain the reasonable liquidity of the banking system, it carried out a 2 billion yuan reverse repurchase operation through interest rate bidding, with a term of 7 days and an operating interest rate of 2%. Considering that no reverse repurchase expired on the same day, the open market achieved a net injection of 2 billion yuan. (First Financial )

[ surpasses Lehman's crisis and sets the largest drop in history! Global foreign exchange reserves fell sharply by 1 trillion US dollars under the impact of strong US dollar ] Under the aggressive interest rate hike cycle of Federal Reserve , the strongest dollar in 20 years swept almost all risky assets around the world, and global foreign exchange reserves are also declining at the fastest pace on record. Central banks from India to many (emerging market) economies such as Czech Republic are conducting foreign exchange intervention to varying degrees to support their currencies. Global foreign exchange reserves have fallen by about $1 trillion this year to $12 trillion, a drop of 7.8%, the biggest drop since the data was compiled in 2003. ( Daily Economic News )

shibor: On October 9 overnight shibor was 1.1780%, down 47.4 basis points; 7-day shibor was 1.6160%, down 8.3 basis points; 3-month shibor was 1.6740%, down 0.2 basis points.

Industry dynamics

[Three departments collectively interviewed some photovoltaic enterprises and industry institutions] According to the relevant requirements of the "Notice on Promoting the Coordinated Development of the Photovoltaic Industry Chain and Supply Chain" jointly issued by the Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration , in order to deeply guide the coordinated development of the upstream and downstream of the photovoltaic industry, the relevant business departments and bureaus of the three departments recently collectively interviewed some polysilicon backbone enterprises and industry institutions on the basis of organizing the cooperation and docking of the photovoltaic industry chain and supply chain, and guided relevant units to strengthen self-discipline and self-inspection and standardized management. [Ministry of Industry and Information Technology Website]

[The show cars are sold out! Just pick up the car and wait until the Spring Festival as soon as possible! New energy vehicle sales are so hot. During the National Day, "the show car is sold out", "the pre-order test drive" and "new car is on the way" are high-frequency words that China Securities Journal reporters heard during visits and surveys in 4S stores and direct stores in many places such as Beijing, Shanghai, and Shenyang. This year's "Golden September and Silver October", auto companies "work hard" not only released a number of new cars around the Mid-Autumn Festival and National Day holidays for consumers to test drive during the holidays, but also made efforts in sales discounts and supply, driving a high increase in sales. (China Securities Journal)

[Pig prices rose continuously during the National Day holiday: the national average price rose by about 1 yuan per kilogram] Domestic pig prices showed a continuous upward trend, with the national average price rose by about 1 yuan per kilogram. According to data from China Pig Raising Network, on October 7, the price of live pigs (foreign three yuan) was 25.93 yuan/kg, an increase of 5.7% compared with 24.54 yuan/kg on September 30. From the weekly perspective, the average price of live pigs was 25.36 yuan/kg, an increase of 3.8% compared with the average price of 24.43 yuan/kg last week. ( The Paper )

[1.5 billion box office hits the lowest in 8 years Industry insiders: The number and size of the videos are not enough to support the National Day holiday] With the obvious insufficient number of videos, this year's National Day holiday box office delivered the worst report card since 2014. A film industry insider told Cailianshe reporters that there are only seven films released during the National Day holiday this year, and there is only one "head" film "The Road Back". The overall number and size of the movies really cannot meet the needs of the National Day holiday.(Cailianshe)

Future Market Observation

【More than 30 cities support "One-person home purchase and family help" Family Provident Fund shares the pressure of buying a house] According to incomplete statistics from The Paper, since this year, at least, it includes Hunan Shaoyang , Guangdong Chaozhou, Hebei Qinhuangdao, Guangdong Zhuhai, Jiangxi Ganzhou, Hebei Cangzhou, Anhui Chizhou, Yunnan Chuxiong, Hebei, Hebei Tangshan , Hubei Xianning , Fujian Quanzhou, Tianjin, Anhui Ma'anshan, Guangzhou More than 30 cities including Shenzhen, Hainan, Xinyang, Ningxia Wuzhong City, Huzhou, Zhejiang, Lianyungang, Jiangsu, Taizhou, Gansu Dingxi, Sichuan, Chuzhou, Anhui, Shanwei, Guangdong, Yinchuan, Sichuan, Ziyang, Sichuan, Mianyang, Liaoning, Shenyang, Zhejiang, Shaoxing, Shandong, Liaocheng, etc. have issued new policies on provident fund loans. Many places mentioned in the policies that children can withdraw their parents' provident fund to buy a house, and implement the "one-person home purchase and family help". (Pengpai News)

[According to 130%! Real estate companies' land acquisition in September rebounded significantly The land supply in hot cities increased significantly! The Yangtze River Delta region led the way] html In September, the total land acquisition volume of 50 representative real estate companies rebounded significantly month-on-month, with an increase of up to 130.2%. In the first nine months of this year, the year-on-year decline in the total land acquisition of the top 100 real estate companies has remained narrowing for four consecutive months. Judging from the amount of land acquired by each urban agglomeration, the Yangtze River Delta region leads the country. (Securities China)

[More than 20 cities issued a document to encourage group purchase of commercial housing: housing prices in some cities can be discounted up to 30%] According to incomplete statistics from The Paper, since June this year, at least Taiyuan, Shanxi, Zhongshan, Guangdong, Shenyang, Liaoning, Tonglu, Anhui Tongling, Pu'er, Yunnan, Bazhong, Huanggang, Huanggang, Jilin, Suining, Jiangsu Lianyungang, Haining, Hubei Macheng, Sichuan Meishan, Zhejiang Hangzhou, Baise, Zhejiang Zhuji, Jiangsu Xinghua, Gansu Qingyang, Guangxi Wuzhou, Zhejiang Shaoxing, Guangxi Nanning and other places have issued relevant policies or activities for "house purchase group purchase". (The Paper)

[The overall transactions in the real estate market during the National Day holiday were cold The activity of second-hand houses was better than new houses] The overall transactions in the real estate market during the National Day holiday were cold. According to data released by China Index Academy on October 8, during this year's National Day holiday (October 1-7), the transaction area of ​​newly built commercial residential buildings in 20 key monitored cities across the country was 669,300 square meters, a decrease of 37.7% from the average daily transaction area during last year's National Day holiday.

Company News

Junda Shares: Plans to invest 13 billion to build an annual production of 26GW high-efficiency solar cell project

Wangfujing: The company is approved to operate offshore duty-free business in Wanning City, Hainan Province

Miaokelando : The controlling shareholder Inner Mongolia Mengniu plans to offer to acquire 5% of the company's shares

Ya Potassium International: Signing a strategic cooperation agreement with Huawei Technology Co., Ltd.

Zhongding Shares : Plan to issue GDR overseas and html on l7 Swiss Stock Exchange listing

Hangzhou Hi-Tech: Received the administrative penalty and market ban on the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission

Fuchun Co., Ltd.: Controlling shareholders and other relevant parties received the "Administrative Penalty and Market ban on the Pre-Notice"

Tongwei Co., Ltd.: Net profit in the first three quarters is expected to increase by 260%-267% year-on-year

on-computer CNC: Net profit in the first three quarters increased by 101% year-on-year

BYD : New energy vehicle sales in September were 201,200