Event attention

[SASAC: further study on incorporating market value management into the performance appraisal system for heads of central enterprises] On January 24, Xie Xiaobing, head of the State-owned Assets Supervision and Administration Commission of the State Council, said at a press conference of the State Council Information Office that the State-owned Assets Supervision and Administration Commission of the State Council will further study the inclusion of market value management in the performance appraisal of heads of central enterprises. On the basis of promoting central enterprises to incorporate the relevant factors of price realization of listed companies into the performance evaluation system of listed companies in the early stage, SASAC of the State Council will incorporate the effectiveness of market value management into the assessment of the heads of central enterprises, guide the heads of central enterprises to pay more attention to the market performance of the listed companies they hold, Timely use market-oriented increase, repurchase and other means to convey confidence and stabilize expectations, increase cash dividends, and better return investors. (National News Network)

[Ministry of Human Resources and Social Security: Spring Breeze 2024 Expected to Provide 30 million Jobs] On January 24, Deputy Director of Employment Promotion Department of Ministry of Human Resources and Social Security Yundonglai introduced at a press conference in the fourth quarter of 2023 that Spring Breeze 2024 will be carried out nationwide from late January to early April. The activities will focus on rural workers and units with employment needs, and focus on guiding workers to go out in an orderly, it is expected to provide 30 million jobs by promoting nearby employment and returning home to start businesses, and organizing enterprises to recruit and employ workers. (China Net)

[Li Yunze: continue to optimize the "cross-border financial management" pilot to support more qualified investors to participate] on January 24, Li Yunze, Secretary of the Party committee and director of the State Administration of financial supervision and administration, said at the 17th Asian financial forum in Hong Kong that he would continue to optimize the "cross-border financial management" pilot, support more qualified investors to participate, and continuously expand the scope of qualified investment products. Support financial institutions to actively participate in the Shanghai-Shenzhen-Hong Kong Stock Connect, Bond Connect and other mechanism arrangements. To study and introduce policies and measures to enhance the level of facilitation of insurance services in the Greater Bay Area. (State Administration of Financial Supervision website)

[2024 national tobacco work conference: further promoting the construction of legal tobacco and gathering strength to improve the supervision efficiency of electronic cigarettes] from January 22 to 23, 2024 national tobacco work conference was held in Beijing. The meeting stressed the need to strengthen market supervision in accordance with the law. We will further promote the construction of tobacco under the rule of law, always maintain the situation of high-pressure and strict crackdown, focus on improving the regulatory efficiency of e-cigarettes, comprehensively strengthen the supervision of new types of tobacco-related, strictly standardize production and operation behavior, continuously optimize monopoly government services, and make every effort to maintain good market order. (State Tobacco Monopoly Administration website)

[Chongqing: high-end housing with a construction area of less than 180 square meters does not need to pay real estate tax] On January 24, the Chongqing Municipal People's Government announced the "Chongqing Municipal People's Government on Amending the" Chongqing Municipality The Interim Measures for the Pilot Reform of the Levy of Property Tax on Some Individual Houses "and the" Chongqing Individual Housing Property Tax Collection Management Implementation Rules "Decision. Among them, it is proposed to amend the "newly purchased single-family commercial housing and high-end housing with a tax-free area of 100 square meters" in the second paragraph of Article 6 to "newly purchased single-family commercial housing and high-end housing with a tax-free area of 180 square meters". (Chongqing Municipal People's Government website)

Company News

[touhu sues jingdong car maintenance: "zhuhu price" affects goodwill and demands compensation for 5 million yuan] on January 24, Shanghai langtu information technology co., ltd. (touhu car maintenance main company) filed a lawsuit with Shanghai Minhang district people's court, requesting to order three defendants including Beijing auto guanghang information technology co., ltd. (jingdong car maintenance main company) to compensate for 5 million. The reason for the prosecution is that Jingdong car had previously pushed the "shock tiger price" to affect the plaintiff's goodwill, and Touhu advocated that the defendant delete the "shock tiger price" related expressions in all channels. (The Paper)

[eBay to Cut About 9% of Full-time Employees] On January 23, local time, e-commerce platform eBay announced that it would cut about 1000 employees, accounting for about 9% of its total full-time employees. eBay also plans to reduce the number of non-regular employees in the coming months. (Interface News)

[Federal Aviation Administration says it may expand the scope of investigation into Boeing] according to Bloomberg local time on January 23, Federal Aviation Administration Director Mike Whittaker said that if evidence of other problems with Boeing's airliners is found, the Federal Aviation Administration may expand the scope of the current investigation into Boeing 737 MAX 9 airliners. However, the current investigation is still focused on the 737 MAX 9 passenger aircraft emergency safety door component failure and related inspections, operational safety and other aspects. (CCTV News Client)

A-share midday

[GEM Index Down 1.68] On January 24, the three major A- share indexes closed down collectively in early trading. As of midday, the Shanghai Index was down 0.15, the Shenzhen Composite Index was down 1.16, and the GEM Index It fell 1.68 percent, the Beizheng 50 Index fell 2.32 percent, and the half-day turnover of the Shanghai and Shenzhen stock markets was 413.4 billion yuan. More than 3900 stocks in the two cities fell, with northbound funds selling a net 2.817 billion yuan in half a day.

[Shanghai local stocks soar] more than 10 shares of China enterprises (600675), shinda shares (600626), Shanghai phoenix (600679), Shanghai wumao (600822), jinjiang online (600650) and kaikai industry (600272) rose.

[Chinese prefix stock rises] Zhongshi media (600088), Zhongcheng shares (000151), China railway assembly (300374) rose, while Zhonggong high-tech (603860), China machinery inspection (301508) and so on followed suit.

[semiconductor and components plate lower] Farah Electronics (600563), Changdian Technology (600584) fell more than 6%, Tongfu Microelectronics (002156), Starr Semiconductor (603290), Zhongwei Company (688012) and others followed suit.

(data source flush, interface news, content does not constitute any investment advice)

Economic Observer Network Editor Wang Junyong finishing