1. Toutiao
Another major measure to attract foreign investment A shares . After foreign public funds hold 5% of the shares, they will enjoy the same benefits as public and social security: reverse transactions can be done within 6 months.
If multiple public funds managed by a fund company hold shares of the same company that reach or exceed 5% and buy or sell within 6 months, they are not considered short-term trading. Similar arrangements have been made for the national social security fund. Under the latest institutional arrangements, the requirements for foreign investment will obviously be equivalent to the corresponding arrangements of domestic public funds and social security. The introduction and implementation of this policy will be regarded as qualified foreign capital and northbound funds that can conduct specific short-term transactions.
The relaxation of the short-term trading system for foreign capital will help increase the investment activity of foreign capital in China, increase the activity of market trading, and increase the opening-up of finance to the outside world, and align with the international trading system.
2, Macroeconomic policy
Central Bank : Promote the issuance and revision of a number of major financial legislative projects such as the Financial Stability Law
Central Bank Articles and Law Department issued a document stating that in the next step, the central bank will accelerate the pace of rule of law construction and give full play to the role of financial rule of law in consolidating the foundation, stabilizing expectations, and benefiting the long-term. First, we will continue to coordinate legislation, grasp the construction of the financial legal system from a global perspective, and promote the issuance and revision of a number of major financial legislative projects such as the Financial Stability Law, the People's Bank of China Law, and the Commercial Bank Law. The second is to improve the system rules, standardize the procedures for performing duties, and continuously improve the level of financial supervision and law enforcement. Third, promote stronger financial judicial services and continue to do a good job in publicity and education on financial rule of law.
Many places deploy economic stabilization work in the fourth quarter, and stabilizing investment and promoting consumption is still the main focus
According to Securities Daily, the meeting on stabilizing the economy on September 28th 's fourth quarter work promotion meeting emphasized that the economy in the fourth quarter is the heaviest in the whole year, and many policies will play a greater role in the fourth quarter. We must seize the time window and time nodes to ensure that the economy operates within a reasonable range. Zhang Yiqun, deputy chairman of the Performance Management Committee of the Chinese Society of Finance, told reporters that focusing on projects, expanding investment and promoting consumption are important means for my country to stabilize economic, growth and expectations. Data shows that more than 1.5 trillion yuan of infrastructure projects started intensively in September, including multiple large projects with a total investment of more than 30 billion yuan.
Experts: Active fiscal policy will continue to be put into effect, and some new special bond quotas for next year are expected to be issued in advance in the fourth quarter of 20 years. According to the China Securities Journal, incomplete statistics, nearly 20 regions have disclosed their plans for the issuance of local bonds in October or the fourth quarter, of which more than 300 billion yuan of new special bonds planned to be issued in October. Experts believe that in order to further stabilize the economic market, active fiscal policies, including special bonds, will continue to be put in place. In the fourth quarter, some new special bond quotas for next year are expected to be issued in advance, forming physical workload as soon as possible, driving infrastructure investment and helping stabilize growth. The possibility of issuance in November is even greater. It is expected that the quotas for new special bonds for 2023 that will be issued in advance this year will be between 1.4 trillion yuan and 1.8 trillion yuan.
The first provincial "group house purchase" policy is here! Guizhou: Encourage employees of government agencies, enterprises and institutions to carry out group purchase of commercial housing
The General Office of the Guizhou Provincial People's Government issued the "Guizhou Province Action Plan to Promote the Resumption of Work, Production and Market to Promote the Resumption of Economic Resumption". In terms of promoting the healthy development of the real estate market, the "Plan" points out that greater efforts should be implemented for phased support policies for housing provident fund, strengthen the optimization and implementation of policies that have been issued, and effectively guide housing purchase consumption; employees of government agencies, enterprises and institutions are encouraged to carry out group purchases of commercial housing, and the preferential price for group purchases is not included in the range of the decline in the registered price of commercial housing.
China's total social electricity consumption increased by 0.9% year-on-year in September, with the previous value of 10.7%; it increased by 4.0% from January to September 6
National Energy Administration released data. From January to September, the total electricity consumption of the whole society reached 6493.1 billion kilowatt-hours, a year-on-year increase of 4.0%. By industry, electricity consumption in the primary industry increased by 8.4% year-on-year; electricity consumption in the secondary industry increased by 1.6% year-on-year; electricity consumption in the tertiary industry increased by 4.9% year-on-year; electricity consumption in urban and rural residents increased by 13.5% year-on-year.Looking at September alone, the total electricity consumption of the whole society was 709.2 billion kilowatt-hours, an increase of 0.9% year-on-year. By industry, electricity consumption in the first, second and third industries increased by 4.1%, 3.3% and 4.6% year-on-year respectively; electricity consumption for urban and rural residents decreased by 2.8% year-on-year.
"Second Brothers" work together to increase vegetables and eggs, and the year-on-year increase in September's CPI may expand
According to China News Service, on October 14, the National Bureau of Statistics will announce the September National Consumer Price Index (CPI). The prices of pork, vegetables, eggs and other foods have risen. Many institutions expect that the year-on-year increase in CPI may expand. According to iFinD statistics from Tonghuashun, the average forecast of the year-on-year increase of CPI in September was 2.99%. If the above average forecast value is fulfilled, the year-on-year increase in CPI in September will expand, and may hit a new high this year.
3. Fixed income/foreign exchange
Expert: The RMB does not have the basis of trend depreciation, and the allocation of A-shares will help diversify risks globally
According to Securities Daily, the central bank's article "Deeply promoting the reform of exchange rate marketization" pointed out that since 2022, the RMB exchange rate has remained basically stable at a reasonable equilibrium level. The RMB exchange rate against the US dollar depreciated, but the depreciation rate is significantly smaller than the appreciation rate of the index of during the same period; the RMB appreciates significantly against the euro, pound and yen, and is one of the few strong currencies in the world at present. Experts believe that the RMB exchange rate elasticity continues to increase, and two-way fluctuations have become the norm, and there is no basis for long-term continuous depreciation. A-shares are still quite attractive to global investors.
4. Commodity /Stock Market
CSRC: Optimize the repurchase conditions of listed companies and optimize the relevant regulations on the prohibition of repurchase window
CSRC publicly solicits opinions on the revision of the "Rules for Share Repurchase of Listed Companies". The revision includes optimizing the conditions for repurchase of listed companies and adjusting one of the repurchase trigger conditions necessary for listed companies to maintain the company's value and shareholders' interests from "the cumulative decline in the company's stock closing price has reached 30% for 20 consecutive trading days" to "the cumulative decline in the company's stock closing price has reached 25% for 20 consecutive trading days." Optimize the regulations on the prohibited repurchase window period, and adjust the window period for quarterly reports, performance forecasts or performance briefs from "within ten trading days before announcement" to "within five trading days before announcement".
Many private equity institutions have made self-purchasing, with a total subscription amount of nearly 5 billion yuan since September
According to interface, recently, private equity institutions have taken action to subscribe for their products with their own funds. According to incomplete statistics, since September, nearly a thousand private equity institutions and their employees have subscribed to their private equity products, with a total subscription amount of nearly 5 billion yuan, of which nearly 50 private equity institutions have purchased more than 20 million yuan, and some private equity institutions have purchased more than 100 million yuan. Comment: Under the current market conditions, private equity institutions, as important professional investors, made their own purchases, using "real money" to show their recognition of the value of high-quality assets in the market and their long-term optimism about the capital market.
plus 6 more! Science and Technology Innovation Board market makers have won the pilot qualifications
According to China Securities Network, it was learned from the industry that the China Securities Regulatory Commission has approved the second batch of securities companies, the market makers of Science and Technology Innovation Board, with a total of 6, namely CITIC Securities , Guotai Junan , China Merchants Securities , Industrial Securities , Dongwu Securities , Zhejiang Securities . Up to now, a total of 14 securities companies have been qualified for the pilot program of the Science and Technology Innovation Board market maker. Industry insiders said that as more and more securities companies are qualified, based on the advantages of the market-making system, the liquidity, rationality of quotations, and market confidence of the Science and Technology Innovation Board will be improved, and in the advancement of controllable risks, it will be more conducive to value discovery and the development of the capital market.
China Merchants Bank : All operations and management are operating normally, and their operating performance is stable
China Merchants Bank announced that in the face of the current operating environment, the company will continue to maintain strategic stability, corporate governance mechanism stable, business management and talent team. At present, China Merchants Bank's various operations and management are operating normally and its operating performance is stable.In the future, China Merchants Bank will continuously optimize strategies, improve capabilities, adhere to model transformation, give full play to retail advantages and financial technology advantages, and promote business management improvement according to changes in the macroeconomic environment and its own business needs.
Zangge Mining: It is expected that net profit in the first three quarters will increase by 401%-413% year-on-year
Zangge Mining announced that it is expected that net profit in the first three quarters will be 4.13 billion to 4.23 billion yuan, a year-on-year increase of 400.55%-412.67%, and the net profit in the third quarter will be expected to increase by 355.67%-382.01% year-on-year; the sales price of the company's potassium chloride product has increased compared with the same period last year, and the sales price of the company's lithium carbonate product has increased compared with the same period last year and maintained a high level. Previously, the net profit in Q2 was 1.582 billion yuan. Based on this calculation, the net profit in Q3 was expected to be 1.73 billion yuan-1.83 billion yuan, a month-on-month increase of 9%-16%.
Ganneng Co., Ltd. : It is expected to have a net profit of 146 million to 186 million
Ganneng Co., Ltd. announced that it is expected to have a net profit of 146 million to 186 million yuan in the first three quarters, and a loss of 8.6088 million yuan in the same period last year; affected by the increase in the unit price of thermal power generation and the formal commission of power generation of the company's Fengcheng Phase 3 Power Plant #7 unit officially started production in July 2022, the operating income of the thermal power plant under the company increased year-on-year. Previously, the net profit in Q2 was 35.79 million yuan. Based on this calculation, the net profit in Q3 was expected to be 112 million yuan to 152 million yuan, a month-on-month increase of 219% to 324%.
Guo Optoelectronics : Net profit in the third quarter is expected to increase by 722%-805% year-on-year
Guo Optoelectronics announced that it is expected that net profit in the first three quarters will be 162 million yuan to 172 million yuan, a year-on-year increase of 35.83%-44.21%; net profit in the third quarter will be 100 million yuan to 110 million yuan, a year-on-year increase of 722.3%-804.53%.
Jiuan Medical : It is expected that the net profit in the first three quarters will be 16 billion yuan to 16.3 billion yuan, an increase of 318 times year-on-year to 324 times
Jiuan Medical announced that the net profit in the first three quarters will be 16 billion yuan to 16.3 billion yuan, an increase of 31818.29% to 32416.76%. Affected by the epidemic during the reporting period, the company's iHealth kit products were in strong demand in the US market, and the company's performance increased significantly compared with the same period last year; the US dollar exchange rate continued to rise, and the company's exchange income increased compared with the same period last year.
Jialinjie : Net profit in the first three quarters is expected to increase by 5480%-7115% year-on-year
Jialinjie released its performance forecast, with a net profit in the first three quarters expected to increase by 58 million yuan-75 million yuan, a year-on-year increase of 5479.61%-7115.01%. Affected by the fluctuations in the RMB against the US dollar, exchange income increased, which had a positive impact on the operating performance of this reporting period.
days Qi Lithium : It is expected that the net profit in the first three quarters will be 15.2 billion yuan to 16.9 billion yuan, an increase of 2769%-3090% year-on-year
days Qi Lithium Notice is expected that the net profit in the first three quarters will be 15.2 billion yuan to 16.9 billion yuan, an increase of 2768.96%-3089.83% year-on-year; it is expected that the net profit in the third quarter will be 5 billion yuan to 6.5 billion yuan, an increase of 1026.1%-1363.92% year-on-year. The company expects operating income to rise significantly in this reporting period compared with the same period last year. The main reason is that the company's sales volume and average sales price of major lithium-ion batteries in this reporting period have increased significantly compared with the same period last year.
Tongda shares : It is expected that the net profit in the third quarter will increase by 208 times to 230 times year-on-year
Tongda shares announced that the net profit in the first three quarters is expected to increase by 78.93 million yuan to 88.5 million yuan, a year-on-year increase of 64.99%-85%; the net profit in the third quarter will be 46.72 million yuan to 51.64 million yuan, a year-on-year increase of 20,778.72%-22,977.42%. The company's main business orders are growing rapidly, and new product research is progressing well. The sales volume of products such as steel core aluminum stranded wire , power cable and other products increased significantly year-on-year.
Brothers Technology : It is expected that the net profit in the first three quarters will increase by 8622%-9963% year-on-year
Brothers Technology announced that the net profit in the first three quarters will be 260 million yuan-300 million yuan, a year-on-year increase of 8621.61%-9963.40%. The prices of some of the company's vitamin products and chromium salt products have risen to different levels compared with the same period last year.
Yyong Express : Net profit at the first three quarters was 2.771 billion yuan, an increase of 190% year-on-year
Yyong Express released its third quarter report, achieving a net profit attributable to shareholders of RMB 998 million in the third quarter, an increase of 223.44% year-on-year; in the first three quarters, an increase of 2.771 billion yuan, an increase of 190.47%.
Yanghe Co., Ltd. : It is expected that the net profit excluding non-recurring items will be about 8.665 billion yuan in the first three quarters, an increase of about 26.5% year-on-year
Yanghe Co., Ltd. announced that, after preliminary calculations, in the first three quarters of 2022, the company is expected to achieve operating income of about 26.44 billion yuan, a year-on-year increase of about 20.5%; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses , an increase of about 26.5% year-on-year.
Ganfeng Lithium : It is expected that the net profit in the first three quarters will be 14.3 billion yuan to 15.3 billion yuan, an increase of 478%-519% year-on-year
Ganfeng Lithium announced that the net profit in the first three quarters will be 14.3 billion yuan to 15.3 billion yuan, an increase of 478.29%-518.73% year-on-year; the net profit in the third quarter will be 7.046 billion yuan to 8.046 billion yuan, an increase of 567.19%-661.88% year-on-year. The price of lithium salt products remains at a high level. The sales volume and average sales price of the company's lithium salt products have increased year-on-year. The company's new lithium battery sector projects have been put into production one after another and the production capacity has been gradually released. Therefore, the company's operating performance has increased significantly year-on-year.
Luzhou Laojiao : It is expected that net profit in the first three quarters will increase by 28.32%-31.58% year-on-year
Luzhou Laojiao announced that it is expected that net profit in the first three quarters will be 8.052 billion yuan-8.257 billion yuan, a year-on-year increase of 28.32%-31.58%. The net profit attributable to the parent company in this period was mainly due to the increase in sales revenue of the company's core products.
Silan Micro: Plan to raise no more than 6.5 billion
Silan Micro announced that it plans to raise no more than 6.5 billion till the annual output of 360,000 12-inch chip production line project, SiC power device production line construction project, automotive semiconductor packaging project (Phase I), and supplement working capital.
5. Company and industry
The blueprint for Shanghai's transportation development in the next ten years has been released. By 2025, Shanghai's new energy vehicle output value exceeds 350 billion yuan
According to the Shanghai Securities News, the recent compilation of " Shanghai Transportation Development White Paper " has been completed. Shanghai's annual output of new energy vehicles is expected to exceed 1.2 million, and the output value of new energy vehicles exceeds 350 billion yuan, accounting for more than 35% of the output value of Shanghai's automobile manufacturing industry. By 2025, Shanghai will build 760,000 charging piles and 300 battery swap stations, and the vehicle-pile ratio will not be higher than 2:1... This is the data that the Shanghai new energy vehicle industry expects to achieve in 2025.
BDI index has risen by more than 100%, dry bulk shipping market recovers
According to CCTV, starting from the end of August, the BDI index has continued to rise from 965 points. As of October 10, it has stood above 1900 points, and has risen by more than 100% in just over a month. Industry analysis, from a global perspective, in September, , Argentina implemented preferential treatment for soybean exporters exchange rate stimulated exports and earned foreign exchange, and concentrated shipment of soybeans increased demand for shipping; domestic demand for iron ore rebounded; ?Winter approached, European countries began to transport coal for winter, driving the freight rates of Panamax ships. These factors have contributed to the recovery of the dry bulk shipping market. In addition to the improvement of fundamentals, industry insiders believe that the "oversold rebound" is also an important reason for this round of BDI index rise. After the three departments of
, the price of polysilicon stabilized. The institution expects to adjust next month
Recently, the three departments of the Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration collectively interviewed some key polysilicon enterprises. TrendForce pointed out that at present, most silicon material orders have been signed in October. Although the overall supply of the silicon material market has increased significantly, downstream purchases are actively taking goods, and silicon material is still in a state of no inventory, and the prices are still firm. In response to the impact of the above-mentioned regulatory authorities' interviews, the agency judged that when the silicon material orders were negotiated in November at the end of the month, the price of silicon material may be adjusted, but it is expected that the price of silicon material will remain high in October.
CSRC has agreed in principle to carry out the first pilot program of the first order of stock allocation to investors in physical distribution of private equity venture capital funds
CSRC has agreed in principle to the pilot application for physical distribution of Shanghai Linli Investment Partnership (Limited Partnership). The applicant will fulfill the corresponding procedures and information disclosure obligations in accordance with relevant laws and regulations and the requirements of the China Securities Regulatory Commission on the pilot program of physical allocation of private equity funds, and allocate stocks to investors in a timely manner. Other qualified private equity venture capital funds are also actively and orderly in the process of pilot application for physical allocation of stocks.
Shanghai Stock Exchange : Science and Technology Innovation Board stock market-making trading business is ready, and we will make every effort to promote the high-quality development of Science and Technology Innovation Board
Shanghai Stock Exchange actively promotes the introduction of new market-making trading mechanisms for the Science and Technology Innovation Board stocks, and do our best to make preparations for the Science and Technology Innovation Board stock market-making trading business. At present, the Shanghai Stock Exchange has completed all preparations, and the launch of the Science and Technology Innovation Board stock market-making trading business is ready.
Next step, the Shanghai Stock Exchange will continue to deepen reform and innovation of the Science and Technology Innovation Board under the leadership of China Securities Regulatory Commission, comprehensively promote the high-quality development of the Science and Technology Innovation Board, and provide strong support for the construction of a new development pattern.
National Medical Insurance Administration: It has not yet considered including dental implants in the medical insurance payment scope
National Medical Insurance Administration recently issued the "Reply to Suggestion No. 6184 of the Fifth Session of the 13th National People's Congress", and gave relevant replies to the suggestions for inclusion of dental implants in the medical insurance payment scope. The National Medical Insurance Administration stated that my country's basic medical insurance system is based on protecting the basic medical needs of insured persons. Dental implants belong to a higher-level medical needs, and it has not yet considered including dental implants in the medical insurance payment scope.
second-tier cities have dropped 4! The interest rates of first-home mortgages in Tianjin and Shijiazhuang fell to 3.9% and 3.8%
After the interest rates of first-home mortgages in Wuhan and Guiyang fell below 4%, the lower limit of first-home mortgages in second-tier cities will be lowered. Cailianshe reporters learned from several real estate agents in Tianjin and Shijiazhuang and personal loan personnel from local banks that Tianjin and Shijiazhuang have both lowered the interest rates for first-home mortgages since October 14, from the previous 4.1% to 3.9% and 3.8% respectively.
Experts believe that there is a downward risk in the later period of pig prices, suggesting that farmers slaughter pigs in time
Recently, the Price Department of the National Development and Reform Commission organized some industry experts to analyze and judge the recent supply and demand and price situation of the pig market. Experts believe that the significant increase in pig prices recently is that some farmers have irrational excessive selling and secondary fattening to compete for the future market, which has reduced market supply. Currently, the domestic inventory of sows, newborn piglets and fattening pigs has increased for many consecutive months, and there is no shortage of pigs in general. Once the pen is pressed and secondary fattening pigs are slaughtered in a concentrated manner, pig prices may fall rapidly in stages.
battery-grade lithium carbonate quotation rose by 4,000 yuan/ton on Friday, setting a record high
According to data released by Shanghai Ganglian , some lithium battery materials prices rose by 4,000 yuan/ton on Friday, with an average price of 531,500 yuan/ton on Friday, with an average price of 5,000 yuan/ton on industrial-grade lithium carbonate rising by 5,000 yuan/ton on average, with an average price of 515,500 yuan/ton on both of them; lithium hydroxide rose by 3,500-4,000 yuan/ton on three-yuan materials rose by 2,500 yuan/ton.
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[Important reminder] Investments in stock markets, funds and other investments are risky. Past performance does not indicate future performance. Investment should be cautious. The above views only represent the opinions of relevant authors or media, do not mean that Wenji has a good position, nor do they constitute investment advice to readers. The content of the article is for research and study purposes only, and the stocks, funds, etc. involved do not constitute any investment advice. Some of the contents are comprehensively compiled from Dow Jones and Cailianshe.
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