Mini Program: A-shares daily market news review
Important News
1. 15th anniversary of ChiNext: The number of listed companies reaches 1,358, with a total market capitalization exceeding 12 trillion yuan.
Today (October 30) marks the 15th anniversary of the Shenzhen Stock Exchange's ChiNext. On this day in 2009, the first batch of 28 companies listed on ChiNext. To date, the number of listed companies on ChiNext has reached 1,358, with a total market capitalization exceeding 12 trillion yuan. As a board serving innovative and growth-oriented companies, approximately 90% of the companies listed on ChiNext are high-tech enterprises. The total market capitalization of related companies in new generation information technology, new energy, biotechnology, new materials, and high-end equipment manufacturing exceeds 9 trillion yuan, accounting for 75% of the board. (CCTV News)
2. The China Electromechanical Chamber of Commerce expresses regret over the EU's final ruling on electric vehicle anti-subsidy, stating there are significant problems in the ruling by the European Commission.
The China Electromechanical Chamber of Commerce expressed deep regret on behalf of the Chinese automotive industry. The European Commission did not correct many previous erroneous determinations in its final ruling announcement. In addition to serious lack of transparency in the process, it did not fundamentally address the underlying representativeness issues arising from deviating from rules and past practices in sampling, nor did it conduct an objective analysis of the EU industry damage indicators, and the causal relationship still contains erroneous determinations. The European Commission's unjust, unreasonable, and unobjective determination in this case seriously violates the relevant rules of the WTO and EU anti-subsidy.
3. The restrictions on foreign investment access in the manufacturing sector have been fully lifted, and a guide for handling related matters regarding the new opening measures in Shanghai has been released.
According to the official WeChat account of "Shanghai Release," in order to deeply implement the national treatment before market access and the negative list management system, and to effectively implement the 2024 version of the national negative list for foreign investment access, ensuring that new opening measures are promptly implemented, the Shanghai Development and Reform Commission, together with the Shanghai Municipal Commission of Commerce, the Shanghai Market Supervision Administration, the Shanghai Press and Publication Bureau, and the Shanghai Drug Regulatory Bureau, has compiled a guide for handling matters related to the management of the negative list for foreign investment access in Shanghai.
4. The on-site negotiations for the 2024 National Medical Insurance Drug List have concluded, with 162 drugs included in the bidding.
This morning, the on-site negotiations for the adjustment of the 2024 National Medical Insurance Drug List concluded. Starting from the 27th, 25 medical insurance negotiation experts were divided into 5 groups to negotiate and bid on 162 drugs. The negotiated drugs include commonly used medications for diabetes, hypertension, infections, as well as cancer drugs and rare disease drugs. The final results of the on-site negotiations and bidding will be announced separately. (CCTV News)
5. The Ministry of Commerce's spokesperson answered reporters' questions regarding the U.S. issuing final rules on investment restrictions against China: serious representations have been made, and rights to take measures are reserved.
China firmly opposes the U.S. final rules on investment restrictions against China, has made serious representations to the U.S., and reserves the right to take measures. China has noted that many American business associations and companies have expressed that U.S. investment restrictions against China will lead American companies to cede the Chinese market to competitors from other countries, seriously harming U.S. interests. We hope the U.S. will respect market economic laws, clarify the national security boundaries in the field of economic and trade, stop politicizing and weaponizing economic and trade issues, and create a good environment for Sino-U.S. economic and trade cooperation.
6. World Gold Council: Global gold demand reached 1,313 tons in the third quarter, and gold prices first broke the 100 billion dollar mark.
The World Gold Council released the 2024 third quarter (Global Gold Demand Trend Report) today (30th). According to data from the World Gold Council, global gold demand in the third quarter of 2024 totaled 1,313 tons, a year-on-year increase of 5%. Due to the record high gold prices in the third quarter, the total gold demand in dollar terms first exceeded 100 billion dollars, a year-on-year increase of 35%, setting a historical record. It is particularly noteworthy that the significant inflow of global gold ETFs was the main factor driving the growth of gold demand in the third quarter. Gold ETFs are funds that track gold prices and invest in physical gold, reflecting the activity level of global gold trading and physical investment demand to some extent. (CCTV News)
7. Three departments: Support new materials big data centers in financing for qualified related enterprises.
The Ministry of Industry and Information Technology, the Ministry of Finance, and the National Data Bureau issued the "Overall Construction Plan for the New Materials Big Data Center," establishing a funding input model led by corporate investment, supported by financial institutions, and supplemented by social capital. Financial institutions are encouraged to increase financial support according to market-oriented and legal principles. The new materials big data center is supported to attract social capital through equity, debt, and other methods. Relevant government investment funds are encouraged to provide active support according to market principles. The new materials big data center is supported in listing and financing for qualified enterprises. Units that undertake projects supported by central government financial funds must actively participate in the construction of data resource nodes, aggregating data generated in the materials field during project implementation to the new materials big data center. Relevant departments, local governments, and other data-holding units should fully play their roles, enhancing data sharing and exchange.
8. The Taiwan Affairs Office will study and introduce special measures to promote cross-strait integration and relax market access.
Zhu Fenglian, spokesperson for the Taiwan Affairs Office, introduced at a press conference on the 30th that Fujian has cumulatively introduced more than 25,000 Taiwan-funded projects, with actual utilization of Taiwan capital amounting to 33 billion dollars; the cumulative trade volume between Fujian and Taiwan has exceeded 1.5 trillion yuan, with steady growth in Fujian-Taiwan economic and trade relations, innovative development of financial cooperation, continuous progress in common industry standards, and the demonstration zone has become one of the closest regions for cross-strait economic and trade cooperation. Next, measures will be researched and introduced to promote cross-strait integration and relax market access, continue to support the construction of key projects for Fujian-Taiwan integration, promote the infrastructure in Fujian and Taiwan to be fully connected, and focus on establishing a comprehensive cross-strait communication hub. Further optimization of the business environment related to Taiwan in Fujian will be conducted, deepening the comprehensive reform pilot in Xiamen, establishing the Fuzhou-Matsu industrial cooperation park, and building the Pingtan cross-strait common market pilot area, improving the cross-strait common service platform, deepening cooperation in advantageous industries, and providing more development opportunities and space for Taiwan businessmen and enterprises. (China.com)
9. China Index Academy: New housing transactions in 30 key cities increased by 35% month-on-month in the first 27 days of October.
According to the latest data from the China Index Academy, in October (from the 1st to the 27th), the net signed new housing area in 30 key cities reached 9.8 million square meters, a month-on-month increase of 35%; 20 cities recorded 100,000 second-hand housing transactions, a month-on-month increase of 18%, showing a stabilization trend in the core city market. Among them, the net signed area of new homes in Guangzhou and Shenzhen has doubled compared to September, and the number of second-hand home transactions in Beijing in October is expected to exceed 16,000, reaching a new high since April last year. The optimization of purchase restrictions has significantly driven demand in first-tier cities. In terms of second-hand housing, the market in key cities has remained moderately active this year, with transaction volumes in the first three quarters basically flat year-on-year. In October, under the influence of policies, transaction volumes have again increased on a month-on-month basis. According to China Index data, since October (from the 1st to the 27th), 99,766 second-hand houses were sold in 20 representative cities, a month-on-month increase of 18% and a year-on-year increase of 12%. The number of second-hand housing transactions each week has maintained growth in October, with last week (from the 21st to the 27th) achieving the highest weekly transaction volume in nearly 18 months.
10. The total import and export value of the national free trade pilot zones in the first three quarters reached 6.09 trillion yuan, a year-on-year increase of nearly 12%.
According to the General Administration of Customs statistics, the total import and export value of the national free trade pilot zones in the first three quarters reached 6.09 trillion yuan, a year-on-year increase of 11.99%. Among them, exports were 2.74 trillion yuan, a year-on-year increase of 16.10%; imports were 3.35 trillion yuan, a year-on-year increase of 8.83%.
11. The fifth "space rendezvous" successfully saw the astronauts of Shenzhou 19 enter the Chinese space station.
Three astronauts of Shenzhou 19 successfully entered the Chinese space station, meeting with three astronauts of Shenzhou 18. Thus, astronauts from the '70s, '80s, and '90s gathered in 'Tian Gong', completing China's fifth 'space rendezvous'. (CCTV News)
12. The list of urban GDP rankings for the first three quarters is out: Shanghai and Beijing remain firmly in the 3 trillion yuan GDP city category, while Shenzhen and two other cities have entered the 2 trillion yuan category.
A reporter's analysis found that Shanghai and Beijing continue to lead the GDP total list with a significant advantage, and these two cities are the only two 3 trillion yuan cities in the first three quarters; Shenzhen, Chongqing, and Guangzhou form a 2 trillion yuan group, with the gap between Chongqing and Guangzhou widening; Suzhou, Chengdu, Hangzhou, Wuhan, Nanjing, Tianjin, Ningbo, Qingdao, Wuxi, Changsha, and Zhengzhou are among the 11 cities in the 1 trillion yuan GDP category, with Tianjin surpassing Ningbo again. From the perspective of classified indicators, all cities have strengths and weaknesses. The two cities in Fujian, Fuzhou, and Quanzhou, performed the most balanced and outstanding; the industrial development trend in most cities is good, with Hefei winning first place in growth rate; investment strength is generally weak, but leading cities perform well; consumption remains generally sluggish, with six cities seeing single-digit consumption growth; and there is significant differentiation in exports among major trading cities, with Shenzhen, Suzhou, and Ningbo experiencing strong exports, while Dongguan and Guangzhou's export growth is slow. (Yicai)
Individual Stock News
1. Data on capital flow shows that Runhe Software had a net inflow of 1.778 billion yuan, ranking first, while Changshan Beiming, TCL Technology, Wan Feng Aowe, and First Venture had significant net inflows; Shanghai Electric had a net outflow of 3.439 billion yuan, ranking first, with SMIC, Dongfang Wealth, Zhongke Shuguang, and Huada Technology also experiencing substantial net outflows.
2. LONGi Green Energy responds to rumors of photovoltaic module price increases: the news is true.
Market news indicates that starting from the 29th, LONGi Green Energy's photovoltaic module prices have increased by 1-2 cents/watt. Leading module companies including Trina Solar, Jinko Solar, Tongwei Co., and JA Solar have also slightly adjusted their shipping prices upwards by 1-3 cents/watt. On the morning of October 30, a reporter learned from LONGi Green Energy that the price increase of 1-2 cents/watt is true, and the other party also stated, "Several companies have raised prices." (Yinshi Finance)
3. Jinko Solar responds to rumors of price increases: promoting the return of industry chain prices to a reasonable range, the company is actively responding.
Reports indicate that multiple leading photovoltaic module companies have adjusted their shipping prices upwards by 1-3 cents/watt, and LONGi Green Energy has confirmed the price increase of 1-2 cents/watt. In response, a Jinko Solar insider stated that based on the consensus reached at the industry "anti-involution" meeting, companies are working together to promote the gradual return of industry chain prices to a reasonable range, and the company is actively responding, hoping the industry can return to a healthy development track soon.
4. Restructuring plans terminated, opening with a limit down. "Early" limit down? Kaeride responded: there was no insider information leak.
Due to the termination of the planned 387 million yuan asset restructuring, Kaeride opened with a limit down. Notably, the company's stock price had already "early" hit the limit down yesterday, as the day before the stock price was close to limit up, causing market attention with its "roller coaster" trend. In terms of news, on the evening of October 29, Kaeride announced that the company originally intended to purchase no less than 29.0134% of the shares held by State Grid Technology shareholders with cash, with the transaction amount expected to be no less than 387 million yuan, and become the largest shareholder of State Grid Technology. However, it was decided to terminate this major asset restructuring matter by mutual agreement. A reporter called Kaeride as a personal investor, and a relevant person responded that the company had no insider information leak. Stock price fluctuations are influenced by many factors that the company cannot control. (21 Finance)
5. Mudanjiang Co., Ltd. expects a capital expenditure of about 12 billion yuan in 2024, gradually shifting towards steady growth.
Mudanjiang Co., Ltd. stated at the 2024 third quarter report exchange meeting on October 29 that the company's capital expenditure for the first three quarters of 2024 was 10.165 billion yuan, with capital expenditure in the third quarter increasing compared to the second quarter. This is mainly due to the company's preparations for winter epidemic prevention, leading to increased expenditures for new and upgraded pig farm equipment. The company expects its annual capital expenditure to be around 12 billion yuan. The company's current operating strategy has shifted to steady growth, with a declining trend in the scale of ongoing projects, and annual capital expenditure is expected to gradually decrease in the future.
6. The Ministry of Housing and Urban-Rural Development Information Center and ZTE Corporation signed a strategic cooperation agreement to advance digital construction in the housing and urban-rural development sector.
Recently, the Ministry of Housing and Urban-Rural Development Information Center signed a strategic cooperation agreement with ZTE Corporation. Both parties will further deepen strategic cooperation, fully leverage their respective advantages, and complement each other's capabilities, implementing the overall layout planning for digital construction. This strategic cooperation focuses on solidifying the digital infrastructure and data resource system construction in the housing and urban-rural development industry, promoting the application of key technologies such as the Internet of Things, mobile communications, AI, and large models in this field, with cooperation focusing on urban infrastructure informatization, urban operational management intelligence, digital government construction, and cybersecurity. (Securities Times)
7. The CAR-T therapy developed by Sunlight Nuohong and Yimiao Shenzhou has been approved to enter the clinical trial phase for systemic lupus erythematosus.
On October 29, Sunlight Nuohong announced: The new generation CAR-T drug ZM001 injection (abbreviated as "ZM001"), developed in cooperation with Beijing Yimiao Shenzhou Pharmaceutical Technology Co., Ltd. and its wholly-owned subsidiary Xiamen Zaimiao Biotechnology Co., Ltd., for the treatment of systemic lupus erythematosus (SLE), has been granted a clinical trial approval notice by the National Medical Products Administration. This marks Sunlight Nuohong's official entry into the field of biopharmaceutical innovation, achieving a significant breakthrough in CAR-T cell therapy for autoimmune diseases.
8. Chenhua Co., Ltd.: Chemical product prices are currently showing a fluctuating upward trend, which will correspondingly expand the company's product gross profit.
Chenhua Co., Ltd. stated at an online exchange meeting that the company's future net profit growth points mainly include the following: 1. As the economic environment continues to improve, the capacity utilization rate of the company's products other than alkyl glycosides will steadily recover; 2. After experiencing a decline, chemical product prices are currently showing a fluctuating upward trend, which will correspondingly expand the company's product gross profit; 3. The capacity of products under construction by the company's subsidiaries will gradually be released, further enhancing the company's profits.
Article forwarded from: Jinshi Data