Mini Program: A-share pre-market important news express
Important news
1. Xi Jinping: Focus on promoting high-quality joint construction of the 'Belt and Road' mechanism.
Xi Jinping emphasized the need to focus on promoting the high-quality joint construction of the 'Belt and Road' mechanism, improve the overall management mechanism for the 'Belt and Road' cooperation planning, improve the coordination and promotion mechanism for 'hard connectivity,' 'soft connectivity,' and 'heart connectivity,' improve the practical cooperation mechanism for industrial and supply chains, improve the international exchange and cooperation mechanism in emerging fields, improve the diversified guarantee mechanism for investment and financing, improve the internal and external risk prevention and control coordination mechanism, improve the overseas interests protection mechanism, improve the high-level international communication mechanism, improve the clean Silk Road cooperation mechanism, and promote the high-quality joint construction of the 'Belt and Road' to achieve stable and far-reaching results. (Xinhua News Agency)
2. Central Bank: Starting from the statistics of January 2025 data, the newly revised narrow money (M1) statistical caliber will be implemented.
The People's Bank of China: It has been decided that starting from the statistics of January 2025 data, the newly revised narrow money (M1) statistical caliber will be implemented. The revised M1 includes: currency in circulation (M0), unit current deposits, personal current deposits, and customer reserves of non-bank payment institutions. Relevant officials from the central bank stated that this M1 statistical caliber revision further includes personal current deposits and customer reserves of non-bank payment institutions based on the current M1. With the rapid development of payment methods, personal current deposits now have transfer and payment functions, which can be used for payment at any time without cash withdrawal, and their liquidity is the same as that of unit current deposits, so they should be included in M1.
3. Four rural commercial banks in Jiangsu were found to have violations in bond trading: excessive incentives led to market manipulation and benefit transfer.
Recently, the Dealers Association has verified that Jiangsu Changshu Rural Commercial Bank Co., Ltd., Jiangsu Jiangnan Rural Commercial Bank Co., Ltd., Jiangsu Kunshan Rural Commercial Bank Co., Ltd., and Jiangsu Suzhou Rural Commercial Bank Co., Ltd. have inadequate internal control management in bond trading, with excessive incentives for traders, leading to distorted trading behaviors by some traders, affecting bond prices through concentrated capital advantages for continuous buying and selling, self-buying and selling, and frequent quoting and withdrawing inducement trading. Some transactions involve benefit transfer. The Dealers Association will impose self-discipline penalties in accordance with relevant laws and regulations as well as self-regulatory rules and report to relevant departments. (Dealers Association website)
4. The State-owned Assets Supervision and Administration Commission of the State Council and the National Development and Reform Commission jointly issued policies to promote the high-quality development of venture capital funds by central enterprises.
Recently, the State-owned Assets Supervision and Administration Commission of the State Council and the National Development and Reform Commission jointly issued policy measures to promote the high-quality development of venture capital funds by central enterprises, supporting central enterprises in initiating the establishment of venture capital funds, focusing on investing early, investing small, investing long-term, and investing in hard technology. Efforts will be made to increase innovation capital input, raising more funds for hard technology. Support central enterprises in focusing on their main responsibilities, concentrating on major strategies, key areas, and important technologies, to initiate the establishment of venture capital funds such as proof-of-concept funds, seed funds, and angel funds that are needed for the transformation of scientific and technological achievements and the growth of technology innovation enterprises; support state-owned capital operation companies and other eligible enterprises to initiate the establishment of venture capital mother funds, leveraging the investment amplification function of mother and son funds; actively attract commercial insurance funds and social security funds to participate through market-oriented methods, guiding various types of long-term capital to focus on technological attributes, technological value, and emerging fields to carry out effective investment, leading to the formation of a venture capital capital cluster.
5. The Ministry of Commerce responds to questions regarding the U.S. semiconductor export control measures: China firmly opposes this. Necessary measures will be taken to firmly safeguard its legitimate rights and interests.
On December 2, Foreign Ministry spokesperson Lin Jian hosted a regular press conference. A Reuters reporter asked about reports that the U.S. is preparing to implement a new round of semiconductor export restrictions against China. What is China's response? Lin Jian stated that we have repeatedly expressed our position on this issue. China has consistently firmly opposed the U.S. generalization of the concept of national security, the abuse of export control measures, and the malicious blockade and suppression of China, actions that seriously violate the laws of market economy and fair competition, disrupt the order of international trade and economics, and disturb the stability of the global supply chain, ultimately harming the interests of all countries. 'China will take resolute measures to firmly safeguard the legitimate rights and interests of Chinese enterprises.' Lin Jian said. (Beijing Daily)
6. Central Bank Governor Pan Gongsheng: Next year, we will continue to adhere to a supportive monetary policy stance and policy orientation, comprehensively use various monetary policy tools, and strengthen counter-cyclical adjustments.
The 2024 China Financial Society Academic Annual Conference and the China Financial Forum Annual Conference opened in Beijing, where Central Bank Governor Pan Gongsheng stated that next year, the People's Bank of China will continue to adhere to a supportive monetary policy stance and policy orientation, comprehensively utilize various monetary policy tools, strengthen counter-cyclical adjustments, maintain reasonable liquidity, and reduce the comprehensive financing costs for enterprises and residents. Effectively utilize structural monetary policy tools, with a focus on enhancing support for technological innovation, green finance, consumer finance, and other fields, to promote the stable development of the real estate market and capital market. Actively promote the reform of the monetary policy framework, strengthen the execution and transmission of interest rate policies, and enrich the monetary policy toolbox. At the same time, optimize the statistics of the money supply by including personal current deposits and customer reserves of non-bank payment institutions into M1 statistics, and strengthen monitoring of M2 and other levels of money supply and social liquidity.
Individual stock news
1. The U.S. announced the preliminary anti-dumping tax rates for photovoltaic cells from four Southeast Asian countries, JA Solar Technology: Will try to raise prices after the tax increase.
Media reports indicate that local Chinese photovoltaic companies with production capacity, according to the latest announced preliminary ruling results, JinkoSolar was ruled to be subject to an anti-dumping tax rate of 21.31% for products produced in Malaysia, and 56.51% for products produced in Vietnam; Trina Solar's products produced in Thailand are subject to a 77.85% anti-dumping tax rate, and 54.46% for products produced in Vietnam. JA Solar's products produced in Vietnam are subject to a 53.30% anti-dumping tax rate. Regarding the impact, relevant personnel from JA Solar told reporters that this is currently a preliminary ruling, and the final ruling has not yet been made. It is reported that the company has concentrated production capacity in Vietnam among the four Southeast Asian countries, and the company also has a factory in the United States, with the first piece already off the assembly line. If the subsequent U.S. anti-dumping tax rates for photovoltaic cells from four Southeast Asian countries are too high, (JA Solar) will consider shipping from its U.S. component factory, which can avoid this (tax). Meanwhile, (JA Solar) is also exploring investment opportunities in other countries outside of the U.S. and the four Southeast Asian countries. Additionally, the aforementioned personnel stated that after the tax increase, it will either raise prices or change shipping locations, stating: 'If the price rises, we will try to raise it, but ultimately it depends on whether the market will accept it.' If production capacity in Vietnam does not enter the U.S., what will happen to this capacity? The aforementioned personnel stated that there is currently no conclusion. (21 Financial)
2. BGI: The impact of being placed on the U.S. entity list is generally controllable, and various businesses are progressing steadily.
BGI announced that it has noticed that the U.S. Department of Commerce announced on December 2, 2024, that the Bureau of Industry and Security has placed 140 entities on the 'entity list' for export control. The company and its subsidiaries have been placed on the entity list. According to U.S. export control regulations, entities on the 'entity list' must apply to the U.S. Department of Commerce for an export license before procuring controlled items. In response to the risks that may arise from being placed on the 'entity list,' the company is actively responding. The impact of being placed on the U.S. entity list is generally controllable. Currently, the company's operations and financial situation are normal, and various businesses are progressing steadily. The company will seize development opportunities to accelerate the localization process of the entire EDA tools.
3. Precision Technology: Signed a major sales contract worth 500 million USD.
Precision Technology announced that the company signed a sales contract with Saudi GIM Company, with a total contract amount of 172 million USD, including 164 million USD for equipment and a deposit of 7.5 million USD. According to the contract, the company will provide 6 production lines to Saudi GIM Company in installments, and the buyer guarantees to purchase 3 production lines from the seller each year, with a total of no less than 18 production lines and a total procurement amount of approximately 500 million USD. The specifications and prices of the new production lines will be separately agreed upon and adjusted.
4. Luoniushan: Acquired 46.3578% equity of Tongren Pharmaceutical for 96.7 million yuan.
Luoniushan announced that it signed a share purchase agreement with its controlling shareholder Luoniushan Group to acquire 46.3578% equity of Shanghai Tongren Pharmaceutical Co., Ltd. (referred to as 'Tongren Pharmaceutical') for 96.7 million yuan using its own funds. This transaction constitutes a related party transaction. After the transaction is completed, Luoniushan's equity stake in Tongren Pharmaceutical will change from 16.80% to 63.1578%, and Tongren Pharmaceutical will be included in the company's consolidated financial statements.
5. Reascend Intelligent: Plans to invest no less than 500 million yuan to build a humanoid robot core component R&D and manufacturing base project, etc.
Leisai Intelligent announced that the company signed a project investment agreement with the Dongguan Binhai Bay New District Management Committee, planning to invest no less than 500 million yuan to build the Leisai Intelligent South China Regional Headquarters and humanoid robot core component R&D and manufacturing base project.
6. Guangyang Co., Ltd.: Plans to invest 1 billion yuan to build a project for the annual production of 60 million sets of precision components for high-end new energy vehicles and robots.
Guangyang Co., Ltd. announced that it plans to sign a project investment agreement with the Management Committee of Huangshan High-tech Development Zone in Anhui Province to obtain land use rights for 100 acres in Huangshan High-tech Zone for the construction of a project with an annual production capacity of 60 million sets of precision components for high-end new energy vehicles and robots, with the company's wholly-owned subsidiary Huangshan Guangyang Transmission Technology Co., Ltd. as the investment construction entity. The total estimated investment for the project is 1 billion yuan (including tax, the final investment amount will be based on actual investment), with funding sourced from self-owned funds and self-raised funds.
7. Wanshili with 20CM four consecutive boards: the company's issuance of shares to specific objects is actively progressing.
Wanshili announced a severe abnormal fluctuation in stock trading, stating that after self-examination, the company found no violations of fair information disclosure. The company's stock price has surged significantly in the short term, with obvious increases in stock turnover rate and trading volume, which may pose a risk of a significant drop after a sharp rise in stock price. The company's issuance of shares to specific objects was approved by the Shenzhen Stock Exchange's listing review center on October 25, 2024. As of the date of this announcement, the issuance of shares to specific objects is actively progressing, and the company will timely fulfill its information disclosure obligations in accordance with relevant laws and regulations.
8. Huasheng Tiancai with 8 consecutive boards: the company's stock price may have a risk of a significant rise followed by a decline in the short term.
Huasheng Tiancai announced that as of now, the company's production and operation order is normal, and there have been no major changes in daily operating activities. The company is mainly engaged in IT system solutions, digital infrastructure, digital applications, and other businesses. Production costs and sales have not experienced significant fluctuations, and there have been no major adjustments in the market environment or industry policies. The company has noted that some media have shown high attention to its cooperation with Huawei and AI application products, and it now explains the relevant matters as follows: The main cooperation model with Huawei is to procure Huawei software and hardware products based on project construction and operation needs; as of September 30, 2024, the company's supply amount to Huawei is less than 10 million yuan; the company's AI application products mainly include 'intelligent customer service,' 'intelligent data assistant,' etc., and the aforementioned business revenue accounts for a small proportion of the business revenue, which does not constitute a significant impact on the company's performance. In light of the recent significant fluctuations in the company's stock price, there may be a risk of a sharp rise followed by a decline in the stock price.
Article forwarded from: Jin Shi Data