[Company News] 1. Lei Jun: Xiaomi IoT has currently supported nearly 2,000 equipment. 2. Poly GCL's polysilicon production capacity will reach 120,000 tons in the mid-year next year, and the cost of Xinjiang project is less than 40,000 yuan/ton. 3. CNOOC Oilfield Services transfe

[Important Data]

[Zhitong Views]

only talks about a few less eye-catching news that happened yesterday: 1) The selection of systemically important financial institutions. In the editor's own understanding, the institutions shortlisted for this time are the most "core" assets in the financial field and must not be destroyed. On the one hand, it ensures that no matter what happens inside and outside, these companies will be insured. This may be the reason why some major institutions will rise recently. 2) The first real estate stability maintenance leading group appeared in the star city of Hangzhou. In addition, the last time Anhui’s prohibited price cuts and Shenzhen’s housing price adjustments were filed for 15%. They are actually the same thing. They will not allow housing prices to rise, but there will be no major adjustments. 3) Two highs: The credit card holder shall not simply be deemed to be illegal possession if he fails to repay the loan as required. According to the domestic policy style, it shows that the number of credit card defaults has increased significantly, which to some extent means that some problems have occurred on the consumer side. 4) The tone of the Federal Reserve's interest rate hike has been significantly weakened. This cannot be simply explained as the Federal Reserve in order to obey Trump 's orders. 5) The G20 communiqué is difficult to settle due to trade and climate issues, and the US side expressed its lack of concern. 6) The Federal Reserve warns of risks such as trade and interest rate hikes: Asset declines may be "extremely large", because the first three domestic news are summarized as preparations for risk prevention, while the last three are that the United States is also doing some actions to fight economic and market risks. Just as this magazine was bullish at the end of October, it may be unpopular to pour some cold water on the rise in the past two days, but if both China and the United States are maintaining stability, will the G20 result be good? If you take a step back, maybe it may be better to miss the opportunity than to lose money?

[Company News]

1. Lei Jun : Xiaomi IoT currently supports nearly 2,000 devices

2. Poly GCL Polycrystalline silicon production capacity will reach 120,000 tons in the mid-year next year Xinjiang project cost is less than 40,000 yuan/ton

3. CNOOC Oilfield Services (02883) transferred two tankers and related crude oil transportation business to Beihai Shipping

4. Xinyi Glass (00868) spent HK$7.6911 million on November 28 to repurchase 934,000 shares

5. Razer (01337) spent HK$3.58 million on November 28 to repurchase 3 million shares

6. Zhengtong Automobile (01728) spent HK$1.2388 million on November 28 to repurchase 274,500 shares

[Financial Report Express]

1. Emperor International (00163) profit attributable to shareholders increased by 56.9% year-on-year to HK$2.505 billion Interim interest rate of HK$0.047

2. Luke Group (00590) has increased by 27.9% year-on-year to HK$665 million

3. Dachang Group (00088) has increased by 22% to HK$125 million, and dividends of HK$0.12 per share

4. Gome Retail (00493) has increased by 26.04% in the first nine months of e-commerce business platform GMV has increased by 26.04%

5. Shenzhen Expressway (00548): Meiguan Expressway 1 October's average daily toll fee income increased by 9.8% to 318,000

6. Jinlifeng Finance (01031) has increased by 592 million hrs 35% year-on-year

[Macro and industry]

1. [Experts: Systemically important financial institutions have improved supervision and shortlisted institutions may coincide with the global list] Xu Wenbing, chief bank analyst at Bank of Communications, said that in terms of the number of shortlisted institutions, even if there are many participating institutions, the financial institutions that are shortlisted for the first time should have a large-scale overlap with global systemic important institutions, and these institutions will not be affected substantially. For newly shortlisted institutions, since the requirements for additional capital will be calculated using the continuous method, considering the differences in scale between institutions, the increased additional capital pressure will not be too great. At the same time, the regulatory authorities have made it clear that they will set up reasonable transition period arrangements in the process of formulating the rules to effectively smooth out the possible impact.

2. [Hangzhou Xiaoshan is now the first leading group for real estate stability maintenance] According to media reports recently, the government website of Hangzhou Xiaoshan District shows that on November 12, the office of the Shushan Street office of Xiaoshan District Shushan Street issued a notice on the "establishment of the Shushan Street Real Estate Stability Maintenance Leading Group". The reporter obtained the notice, which was issued by the Office of Shushan Street Office of Xiaoshan District, and its full name is "Notice on the Establishment of the Shushan Street Real Estate Stability Maintenance Leading Group".The "Notice" shows that in order to strengthen supervision of real estate enterprises, properly handle the reasonable demands of home buyers, resolve the contradictions at the grassroots level, and effectively maintain the order and social stability of the real estate market, a Shushan Street Real Estate Stability Maintenance Leading Group was established after research. (Securities China)

3. [Ministry of Education: Resolutely curb the excessive profit-seeking behavior of some private kindergartens] The Ministry of Education held a press conference in Shandong to interpret the "Several Opinions of the Central Committee of the Communist Party of China and the State Council on Deepening Reform and Standardizing Development of Preschool Education." Lu Yugang, Director of the Basic Education Department of the Ministry of Education, said that excessive profit-seeking behavior of some private kindergartens should be resolutely curbed. Preschool education is an important public welfare undertaking. It cannot be regarded as a market for profit-seeking, and excessive profit-seeking behavior cannot be allowed. Build a kindergarten management system with universal resources as the main body, vigorously develop public kindergartens, and gradually increase the proportion of children in public kindergartens, and in principle reach 50% nationwide by 2020. The Ministry of Education and the financial regulatory authorities will jointly take action to improve relevant institutional measures.

4. National Development and Reform Commission: The apparent consumption of natural gas in October was 23.17 billion cubic meters; a year-on-year increase of 15.3%.

5. [October industrial robot production increased by 8.7% year-on-year] From January to October 2018, my country's industrial robot production was 118,452 units (sets), an increase of 8.7% year-on-year. The monthly output in October was 9,590 units (sets), a decrease of 3.3% over the same month last year.

6. [Two highs: Credit card holders shall not simply be deemed to be illegal possession if they fail to repay the loan in accordance with regulations] The Supreme People's Court and the Supreme People's Procuratorate recently issued a decision to modify several issues concerning the specific application of laws in handling criminal cases that obstruct credit card management. The decision pointed out that whether the cardholder’s credit history, repayment ability and willingness, the status of applying for and overdrafting the credit card, the purpose of overdrafting funds, the performance after overdrafting, the reasons for failure to repay in accordance with regulations, etc. should be made. The purpose of illegal possession shall not be determined simply based on the fact that the cardholder fails to repay the loan in accordance with the regulations.

7. [Kunming issued a policy on heating gas for residents, and the ladder gas volume and price continued to be implemented] Recently, the "Notice on Issues on Heating Gas Prices in Kunming" issued by the Kunming Municipal Development and Reform Commission showed that from December 1, 2018, residents' natural gas will implement two categories: "heating gas" and "general daily gas". Among them, each household of heating gas can purchase up to 2,000 cubic meters at one time per year, and it is still settled at the first-rate gas price of 2.95 yuan/cubic meter. The ladder gas volume and price of residents' general daily gas consumption will continue to implement the policy at the beginning of this year, that is, the price of the first gas level will be adjusted from 3.31 yuan to 2.95 yuan per cubic meter; the second gas level will be adjusted from 3.97 yuan to 3.54 yuan; the third gas level will be adjusted from 4.97 yuan to 4.43 yuan.

8. [ Amazon launches its own cloud computing chip] Amazon launched its own chip on Monday. The company said the Graviton chip will support a new version of the EC2 cloud computing service. So far, Intel accounts for 98% of the global cloud computing chip market, and Amazon, Microsoft and Google all use Intel's Xeon chips. This is the second time Amazon has hit Intel in its chip business this month. Amazon said on November 6 that it will provide computer cloud services based on using AMD chips.

9. [Nearly half of the losses of thermal power enterprises. Experts suggest accelerating the comprehensive reform of the power system] Due to the rising coal prices, lagging adjustments in electricity prices, increasing interest pressure, and low capacity utilization, the current losses of thermal power enterprises are close to 50%. Recently, the research team of the China (Hainan) Institute of Reform and Development learned during field visits in Shanxi, Shaanxi and other places that some state-owned thermal power enterprises face the possibility of closure of enterprises due to cash flow cuts.

10. [Guangdong Pearl River Delta cement prices will usher in a new round of increase] In early December, the Guangdong Pearl River Delta cement prices will usher in a new round of increase, with an estimated range of 20-30 yuan/ton. Downstream demand performed well, and the water level of the Xijiang River decreased, foreign cement decreased, and the delivery of enterprises could achieve a balance of production and sales, and sales were greater than production in some areas. (Digital Cement Network)

[Major Shareholders Increase and Reduce Shares]

China Merchants Securities (06099) received an increase of 14.18 million shares by COSCO SHIPPING Financial Holdings Co., Ltd on November 23, with the latest holdings of approximately 153 million shares.

Xiezhong International Holdings (03663) was reduced by 17.6 million shares by Mighty Mark Investments Ltd on November 22, with the latest holdings of 34.1 million shares.

Tencent Holdings (00700) was reduced by 30,000 shares by Bruce Iain Ferguson on November 22 and 26, with the latest holdings of 370,000 shares.

Fosun Pharma (02196) was increased by 280,000 shares by Shanghai Fosun High Technology (Group) Co., Ltd. on November 28, with the latest holdings of 22.39 million shares.

[Big Bank Rating]

Yamato: Vitiligo Jenny (02199) target price to 5.5 yuan, rating downgraded to "hold"

Faba: Target price to Tencent (00700) target price 355 HKD Reiterated "buy"

Nomura: Target price to Hutchison Whampoa Real Estate (01997) target price 66.2 HKD Reiterated "buy"

Nomura: Maintain Maple Leaf Education (01317) "buy" rating Target price 5.3 HKD

Citi: Target price to 34 HKD rating "buy"

Deutsche Bank: Target price to 15.08 HKD 15.08 RMB Maintain "buy"

Lyon: Lower Skyworth (00751) target price to HK$2.5, maintain "buy" rating

[Trading alarm]

Jiutai Bangda Energy (02798), Yancoal Australia (03668), Kaisa Property (02168), Chuangmeng Tiandi (01119), and Dudley Environmental Protection (01790) in the stock offering.

Chou Dafu (01929), Bosideng (03998), Li's Pharmaceutical Factory (00950), Tiange Interactive (01980), Wanlong Holding Group (00030), China Water (00855), China Real Estate Investment (00736), Asia Resources (00899), Libao China Resources (00156), Far East Hotel Industry (00037), Aiber Technology (02708), Huajun International Group (0000) 377), Jincheng Holdings (01462), Hong Kong Ya Holdings (01723), Zhuang Shi Institution International (00367), World Chinese Media (00685), Libao (00226), Hongying Holdings (01735), Jiansheng International (00224), Huaxia Real Estate (00278), Sizhou Group (00374), Hangang Holdings (01663), Wanjia Group (00401), International Entertainment (01009), HERALD HOLD(00114), Yutian China (00313), Hyundai Beauty (00919), Jianyi Group (00638), Wulong Power (00378), Linghang Pharmaceutical Biotechnology (00399), Jianina (00126), Jiehao Holdings (00064), Jinlun Holdings Co., Ltd. (01783), Aaron International (00684), Datang Investment International (01160), Lijin Technology (00558), CHEVALIER INT'L (00025), Lianhe Medical (00928), Minzhong Financial Technology (00279), China Baoli Technology (00164), China Sandi (00910), Acer Capital (02288), Omas International (00959), SINCEREWATCH HK(00444), Hualong Financial Holdings (01682), Jingyou Pharmaceutical (00858), Hong Kong Chinese Co., Ltd. (00655), Mushi International (00130), Yajibang Leasing (01496), Minshang Innovation and Technology (01632), Dison Creation (00113), Jinsheng Group Holdings (01581), Wanhua Media (00426), Zhongyu Group (00985), Wulong Electric Vehicle (00729), Advanced Development (01667), Guoneng International Assets (00918), Hong Kong Food Investment (00060), Guanzhong Bus Group (00306), Qiantang Holdings (01466) will announce its results.

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