Financial News
1, the China Securities Regulatory Commission and the State-owned Assets Supervision and Administration Commission recently jointly issued the "Notice on Supporting Central Enterprises to Issues Science and Technology Innovation Corporate Bonds", which clearly stipulates that by optimizing market service operation mechanisms, regulatory assessment standards, financing decision-making procedures, etc., it is necessary to support central enterprises to issue science and technology innovation corporate bonds to raise funds, and actively support central enterprises to carry out REITs pilot projects in new infrastructure fields such as data centers and industrial Internet.
The "Notice" also encourages central enterprises to increase R&D investment, and at the same time, the raised funds will be relied on equity investment, supply chain finance, park incubation and other channels to drive the innovation and coordinated development of small and medium-sized enterprises. In addition, it will strengthen the policy coordination between the China Securities Regulatory Commission and the State-owned Assets Supervision and Administration Commission in standardizing and serving central enterprises' science and technology innovation financing.
2. Recently, the China Banking and Insurance Regulatory Commission solicited public opinions on the "Banking Supervision and Administration Law of the People's Republic of China (Draft for Comments on the Revised Draft)". The "Draft for Soliciting Opinions" has increased the crackdown on illegal and irregular behaviors of shareholders and actual controllers; improved the risk treatment mechanism, improved the early intervention system, and enriched risk treatment measures.
3. Lei Haichao, deputy director of the National Health Commission, said at the press conference of the State Council’s Joint Prevention and Control Mechanism that continuously optimizing and improving prevention and control measures is not to relax epidemic prevention and control, but to reflect more scientific and accurate, keeping pace with the times, and implementing the requirements of "the epidemic must be prevented, the economy must be stabilized, and development must be safe", so as to prevent the epidemic, but also minimize the impact on economic and social development and people’s livelihood service guarantee as much as possible.
4. Recently, the Ministry of Natural Resources, the State Forestry and Grassland Administration, the National Development and Reform Commission, the Ministry of Finance, and the Ministry of Agriculture and Rural Affairs jointly issued the "Notice on Further Improving Policies and Measures and Consolidating the Results of Returning Farmland to Forests and Grasslands". After the expiration of the second round of cash subsidy for returning farmland to forests and grasslands, which began to be implemented in 2014, the central government will allocate funds, extend the subsidy period, and continue to provide appropriate subsidies.
Company focuses on
Tiandi Online (002995)
Company stock trading abnormal fluctuations, suspend trading verification
ml0 Company stocks have experienced abnormal fluctuations 4 times since October 28, 2022 to November 11, 2022, and have suspended trading verification since the opening of the market on November 14, 2022, and resumed trading after the disclosure of the verification announcement.
CSI Note:
Since October 28, Tiandi Online's stock price has risen by nearly 130%, and has won 8 daily limits in 11 trading days. The company said that for XR live broadcast, related businesses such as virtual digital images, digital collections, and virtual digital scenarios are still in the exploration and R&D stage, and the business revenue accounts for a small proportion. There is still great uncertainty as to whether it can bring good performance returns to the company in the future.
Luxxx Precision (002475)
Released 2022 Stock Option Incentive Plan (Draft)
Stock Option Incentive Plan (Draft) shows that the total number of stock options the company intends to grant to the incentive targets is 172 million, accounting for about 2.42% of the company's total share capital when the incentive plan was signed, and the stock option exercise price was RMB 30.35 per share.
CSI Note:
In the first three quarters of 2022, Luxshare Precision achieved revenue of 145.252 billion yuan, mainly due to the significant increase in revenue of consumer electronics, computer interconnection products and precision components. The company said that in the future, it will rely on technologies such as precision intelligent manufacturing and digital smart platforms to further optimize, and deeply coordinate the three-in-one development layout in the fields of consumer electronics, communications and automobiles.
Announcement Selected
Meri Cloud (000815): intends to conduct major asset replacement with Tianjin Lishen Stocks resume trading
Mount Everest, Tibet (600338): terminates the salt lake lithium extraction construction project agreement with China Power Construction International
and Keda (002816): received a letter of concern from the Shenzhen Stock Exchange, requiring verification whether the actual controller Zhao Feng has been taken compulsory measures
Mineng Energy (001299): plans to build the total of Miineng Energy for 290 million yuan Ministry and Xi'an Smart Energy Research Institute
Hanwei Technology (300007): plans to transfer 65% of Hanwei Public Utilities for 487 million yuan
Sanfu Shares (603938): New annual production of 50,000 tons of trichlorosilicon project to be put into production
Huijin Shares (300368): Received the "Notice of Filing a Case" by the Yongnian District Commission for Discipline Inspection and Supervision of Handan City Ms. Liu Junchao, director, deputy general manager and secretary of the board of directors, was detained for suspected illegal
GCL Energy Technology (002015): intends to participate in the reorganization of the bankruptcy reorganization of Snowwi Company
Qixiang Tengda (002408): actual controller is to be changed to Shandong Provincial State-owned Assets Supervision and Administration Commission
Hengtong Optoelectronics (600487): won a total of 3.137 billion yuan in marine energy projects
China Eastern Airlines (600115): Junyao Group and its constituents have a total shareholding of 8.9%
Sejia Technology (002796): Han Yuyu plans to reduce its shareholding by no more than 1%
Runjian Shares (002929): plans to invest 2.8 billion yuan in wind power generation and energy storage integration project
Holi Technology (002729): plans to issue shares to purchase Shanghai Jiaxing controlling rights Stocks are suspended
Jinpu Titanium Industry (000545): From November 11,
ST Busen (002569): is investigated by the China Securities Regulatory Commission for suspected failure to disclose major events in accordance with regulations, etc.
Zotye Automobile (000980): Received a warning letter from the Zhejiang Securities Regulatory Bureau
Research reportJicu
CICC: Pay attention to the valuation repair of real estate chain in the short term, and still focus on growth clues in the medium term
CICC believes that the market is looking for the main line in rotation, and the operation strategy needs to be treated with mobile warfare. We will pay attention to the restoration of the valuation of the real estate chain in the short term, and will still pay attention to growth clues in the medium term. Among the new energy, medicine and science and technology innovation sectors, we are preferred to have high performance growth expectations; we pay attention to medical devices, retail pharmacies, innovative drugs and some leading Chinese medicines that are expected to improve fundamentals; we pay attention to semiconductor equipment, materials, information innovation, military industry and other sectors under the theme of safety.
CITIC Securities: The valuation of the liquor industry has reached a low level
CITIC Securities believes that in the long term, the valuation of the liquor industry has reached a low level. On the basis of the long-term stable and upward fundamentals of the industry, it is recommended to mainly allocate high-end liquors with stable fundamentals, anti-cyclical and pricing power advantages, and increase the allocation of high-quality sub-high-end targets with relatively high elasticity as the industry's prosperity rebounds, as well as enterprises with obvious medium- and long-term reform potential.
Main trend
Northbound funds
11, the transaction volume of northbound funds was 126.654 billion yuan, and the transaction net purchase was 14.667 billion yuan. Among them, the Shanghai Stock Connect had a net purchase of 8.232 billion yuan, and the Shenzhen Stock Connect had a net purchase of 6.435 billion yuan.
northbound funds totaled 472.394 billion yuan last week, with a net purchase of 5.401 billion yuan. Among them, the Shanghai Stock Connect had a total net purchase of 4.207 billion yuan, and the Shenzhen Stock Connect had a total net purchase of 1.194 billion yuan.
Institutional trends
After-hours Dragon and Tiger List data showed that on November 11, the total net sales of institutional seat funds were about 513 million yuan. Among them, there were 9 stocks with net buying and 17 stocks with net selling. The stocks with the most net purchases in institutions are Vanke A, with a net purchase amount of approximately RMB 180 million; the stocks with the highest net purchases in institutions are Hongbo Pharmaceuticals, Huafa Shares, Rongji Software and other stocks. The stock that institutions sold the most net selling is CanSino, with a net selling amount of approximately RMB 320 million. Among the top companies' net sales, there are Zhongsheng Pharmaceutical, Oriental Yuhong, Jinzheng Co., Ltd. and other stocks.
New stock subscription
Overseas dynamic
European and American market
Last week, the three major U.S. stock indexes rose
Last week, the Nasdaq rose 8.1%, the largest weekly increase since March 18; the S&P rose 5.9%, the largest weekly increase since June 24; the Dow Jones Industrial Average rose 4.15%, and the fifth week of the last six weeks.
Most of the leading technology stocks rose last week
Last week, Tesla fell 5.5%, Meta rose more than 24%, Microsoft, Netflix and Google's parent company Alphabet rose more than 11%, Amazon rose more than 10%, and Apple rose more than 8%.
USD index fell last Friday
As of the end of the New York foreign exchange market last Friday, the USD index fell 1.76% to 106.2950.
Chinese stocks
Popular Chinese stocks rose last Friday most of them
Commodity
International oil prices stopped rising for three weeks
Last week, U.S. oil fell 3.94% in total, and Brent oil fell 2.62% in total, ending the three-week continuous rise.
Gold hit its largest weekly increase in one and a half years
Last week, gold futures rose by 5.5%, the largest weekly increase since July 2020, and two consecutive weeks of increase.
Note: All the market screenshots in the article are from Tonghuashun
