[National Development and Reform Commission: Some people think that China wants to be self-sufficiency, which is a misunderstanding] On October 17, Zhao Chenxin, member of the Party Leadership Group and deputy director of the National Development and Reform Commission, said at th

incidents follow

[National Development and Reform Commission: Some people think that China wants to be self-sufficiency, which is a misunderstanding] On October 17, Zhao Chenxin, member of the Party Leadership Group and deputy director of the National Development and Reform Commission, said at the first press conference of the Twenty News Center that there are some voices at home and abroad that believe that "the domestic circulation is the main body" means that China must shrink significantly in opening up to the outside world, and even talk about the need to be a self-sufficiency economy. This understanding is wrong. ( Xinhuanet )

[ National Energy Administration : Strive to reach 4.6 billion tons of standard coal by 2025] On October 17, Ren JD , member of the Party Leadership Group and Deputy Director of the National Energy Administration, said at the first press conference of the 20th National Committee of the Party, that it would insist on maintaining safety based on domestic diversified supply, give full play to the role of coal ballast and the basic regulatory role of coal-fired power, vigorously improve the efforts of oil and gas exploration and development, and strive to reach 4.6 billion tons of standard coal by 2025. (Xinhuanet)

[ Central Bank carried out 500 billion MLF operation] People's Bank of China announced on October 17 that in order to maintain a reasonable level of liquidity in the banking system, on October 17, 2022, the People's Bank of China carried out 500 billion MTL (MLF) operation and 2 billion MTL reverse repurchase operation, with the winning rates of 2.75% and 2.0% respectively, both of which were the same as before.

[ National Health Commission : On October 16, 182 new local confirmed cases were reported, and 6534 local asymptomatic infections were reported] From 0:00 to 24:00 on October 16, 31 provinces (autonomous regions, municipalities) and Xinjiang Production and Construction Corps reported 245 new confirmed cases. Among them, 63 imported cases were found; 182 local cases. There were 676 new asymptomatic infections, including 142 imported cases and 534 local cases. (National Health Commission website)

Big company

[Rule of equity changes disturbs Nangang Co., Ltd. , Shagang Co., Ltd. : The rumors are being verified with shareholders] On October 17, Nangang Co., Ltd. and Fosun International were suspended from trading at the same time. When the above two companies were suspended, no announcement was issued to disclose the reason for the suspension. It is worth mentioning that after the two were suspended, rumors that Fosun Group will sell shares of Nangang shares to Shagang Group are circulating in the market. Regarding the above rumors, relevant persons from Fosun International said that the announcement of listed companies shall prevail. A person from the Secretary-General's Office of Nangang Co., Ltd. said, "We have noticed the relevant rumors and have been verified with shareholders." (Economic Observation Network)

[Nangang Co., Ltd.: It has been verified the rumors that Fosun Group will sell its shares in the company] On October 17, in response to the rumors that Fosun Group will sell its shares in Nangang Co., Ltd. to Shagang Group, Nangang Co., Ltd. said that it has noticed the relevant rumors and has been verified with shareholders. There is no clear written reply yet. The information will be disclosed according to the situation after verification. Shagang Group replied that the announcement of relevant information of listed companies shall prevail. (Interface News)

[The MINI electric vehicle production line will be transferred to China? BMW responded that the Oxford factory will suspend electric vehicle production] It is reported that the BMW Group will stop producing MINI electric vehicle models at its Oxford factory in the UK and will transfer the production line to China by the end of next year. BMW China said on October 16 that the Oxford factory will suspend electric vehicle production, but will not stop producing MINI models, and it is clear that the beam cars that cooperate with Great Wall Motors will produce pure electric MINI. However, there is no reply yet on whether MINI electric vehicles will be produced only in China. ( First Financial )

[The number of users of Meta Meta Meta Universe Platform is far less than the target] According to US media reports on October 17, internal documents of Meta company show that since Meta's consumer-oriented metaverse platform Horizon Worlds has performed poorly since its launch last year, far from meeting internal expectations. Meta's initial goal for the platform's user data was to reach 500,000 monthly active users by the end of this year, but at present, this number is less than 200,000. Meta has changed this target to 280,000 in recent weeks.In addition, the file shows that the user retention rate is also low: most users will not return to the platform one month after logging on to the Horizon Worlds platform for the first time. (Cailianshe)

A shares midday

[GEM index fell 0.78%, education sector rose sharply] On October 17, the three major indexes opened low and fluctuated. As of the midday closing, the Shanghai Composite Index fell 0.1%, the Shenzhen Component Index fell 0.36%, and the ChiNext Index fell 0.78%. In terms of sectors, the number of sectors such as education, instrumentation, software development, communication services, medical care, industrial parent machine concepts ranked first; the number of sectors such as photovoltaics, coal, fertilizers, electricity, gas, and non-ferrous metals ranked first. More than 3,400 stocks in the two markets rose.

[Education sector rises] Guomai Technology , Chuanzhi Education, Kevin Education, Guoxin Culture and other daily limit hits.

[Agricultural planting concept rises] Huifeng Co., Ltd. hit the daily limit, while Nongfa Seed Industry, Longping Hi-Tech , Dabeinong and others followed suit.

[Coal mining and processing sector declines] Pingmei Co., Ltd. and Lu'an Environmental Energy fell nearly 7%, while Anyuan Coal Industry and Shanxi coking coal fell.

(data source: Tonghuashun, Securities Times.com, content does not constitute any investment advice)

Economic Observer Intern Reporter Kuai Sihan Organize