What major events have taken place in the financial sector at home and abroad during the Spring Festival holiday.

Macroeconomics

January financial data welcome "good start", February LPR quotation or will be lowered separately

On February 9, January financial data came out, exceeding market expectations. The central bank released data showing that both new credit and social finance data in January hit record highs for the same period. Among them, RMB loans increased by 4.92 trillion yuan in January, an increase of 16.2 billion yuan year on year. The increase in the scale of social financing in January was 6.5 trillion yuan, 506.1 billion yuan more than the same period last year.

Mingming, chief economist of CITIC Securities, said that the overall performance of financial data in January was better, slightly higher than market expectations, reflecting the gradual effectiveness of the steady growth policy, but the sustainability of the data improvement remains to be seen, and policies are still needed in the future. Force escort. (First Finance)

Where does monetary policy point? The central bank report released, experts say monetary policy to increase the strength of the space is not small

On February 8, the central bank released China's monetary policy implementation report for the fourth quarter of 2023. Compared with the last quarter's implementation report, the Report added the need to "reasonably grasp the relationship between the two largest financing markets for bonds and credit" and "support the use of debt restructuring and other means to revitalize the credit stock".

The report also explains the policy orientation and priorities for the next phase. Industry experts pointed out that under the influence of the internal and external environment, there is no small room for the implementation of monetary policy in 2024, and monetary policy should further boost prices and promote growth. The next stage of lowering quotas and interest rates are all possible, promoting a steady decline in the cost of comprehensive social financing. Promote the construction of the "three major projects" and comprehensively boost confidence and expectations in the real estate market. (Caixin)

National Development and Reform Commission: Take more pragmatic measures with relevant parties to continuously optimize the development environment of private economy

The reporter learned from the National Development and Reform Commission that the National Development and Reform Commission will take more pragmatic measures with relevant parties to continuously optimize the development environment of the private economy, effectively solve the development difficulties of private enterprises, and boost the development confidence of private enterprises.

Yuan Da, deputy secretary-general of the National Development and Reform Commission and director of the Comprehensive Department of the National Economy, recently introduced that it is necessary to accelerate the legislative process of the Private Economy Promotion Law. At the same time, we must pay close attention to the implementation of various policies to promote the development of the private economy. Improve the information release mechanism for private enterprises, increase project promotion, and encourage and attract more private capital to participate in the construction of major national projects and short-board projects. (Xinhua News Agency)

Japan's nominal GDP fell out of the world's top three, was overtaken by Germany, the next time it was overtaken or will come soon

Preliminary statistics released by the Cabinet Office on February 15 local time showed that in 2023, Japan's real gross domestic product (GDP) increased by 1.9 year-on-year, and the nominal growth rate of GDP, which reflects rising prices, was 5.7. Preliminary figures for Japan's GDP in 2023 are 591.482 trillion yen, or about $4210.6 billion, down from Germany's $4456.1 billion. According to Japanese television, Japan's nominal GDP dropped from third to fourth in the world, overtaken by Germany.

The IMF predicts that the next time Japan is "overtaken" may come soon: India will become the world's fourth largest economy in 2026, and Japan's total GDP will then decline again, to the world's fifth. (Daily Economic News)

the securities and Futures Commission New Year No.1 fine, urging intermediaries to be "gatekeepers" of the capital market

Recently, the official website of the China Securities Regulatory Commission published the first administrative penalty decision in 2024, mainly involving Ruihua Certified Public Accountants and related responsible personnel. Ruihua was confiscated 17.83 million yuan. The matter stems from the new Kangde fraud case more than 4 years ago. In 2019, the SFC determined that between January 2015 and December 2018, Condé Nast had inflated profits of $11.921 billion million through fictitious revenues and expenses. (Southern Metropolis Daily)

hksar government appoints hkex directors: Chen Jianbo and Ren Jingxin to replace Shi Meilun and Hong Pizheng

According to the press release of the Hong Kong Special Administrative Region Government on February 16, the Financial Secretary has appointed Chen Jianbo and Ren Jingxin as members of the board of directors of the Hong Kong Exchange and Clearing Limited (HKEx), replacing Shi Meilun and Hong Pizheng; and re-appointed Zhou Hu Mufang as a member of the board of directors of the Hong Kong Stock Exchange. The terms of appointment and renewal shall each be of about two years, with effect from the completion of the annual general meeting of the 2024 of the company until the completion of the annual general meeting of the company in 2026. (Interface News)

China Securities Regulatory Commission issued a fine during the Spring Festival, aiming at the red line of "illegal stock trading by securities practitioners". China Merchants Securities and Great Wall Securities were named

On February 7, the CSRC welcomed its tenth helm, Wu Qing. On New Year's Eve, the supervision issued a wave of fines to securities firms and related practitioners on the last trading day before the festival, mainly aiming at the red line of "illegal stock trading by securities practitioners", as well as private equity management business and investment banking business.

According to incomplete statistics, a total of 5 securities firms were publicly named, involving dozens of people, and 63 people were fined for China Merchants Securities alone; in the case of brokerage executives being fined for illegal stock trading, Han Fei, the former vice president of Great Wall Securities, was fined Hundreds of millions of yuan. On the eve of the Spring Festival, Zhongshan Securities private equity management business was fined, Shenwan Hongyuan Securities, Ping An Securities investment banking business to collect fines. (Chengdu Business Daily Red Star News)

Global Markets

Chinese assets rose during the Spring Festival holiday, Hong Kong stocks were strong for three consecutive days, and A shares "got off to a good start"?

Today is the first working day after the holiday, but A shares will still be closed and will open next Monday (February 19).

as of the close of trading on Friday (February 16), the three major U.S. stock indexes closed down collectively, with the Dow down 0.11 percent this week, the nasdaq down 1.34 percent and the s & p 500 down 0.42 percent.

In the Asia-Pacific stock index, the Nikkei 225 and the Hang Seng Index rose 4.31 per cent and 3.77 per cent, respectively; in Europe, the UK FTSE and Germany's DAX rose 1.84 per cent and 1.13 per cent, respectively.

Hong Kong stocks have started trading on the fifth day of the lunar calendar. Since the first trading day of the Year of the Dragon, they have been advancing for three consecutive days. As of the close of trading on February 16, Hong Kong stocks closed in red for three consecutive days, with the Hang Seng Index up 3.77 per cent and the Hang Seng Technology Index up 6.89 per cent.

Chinese assets rose. On Friday, local time, the Nasdaq China Golden Dragon Index (HXC) rose 0.56 percent, rose more than 2.5 percent in intraday trading, and finally closed at 6085.99 points. In addition, FTSE China A50 index futures performed strongly, surging 2.76 per cent during the long holiday. (Finance)

the U.S. CPI in January exceeded expectations across the board, the core CPI did not fall back year-on-year, the ring than the largest increase in eight months

data released by the U.S. Bureau of Labor Statistics on February 13 showed that the U.S. CPI in January increased by 3.1 percent year-on-year. Although it was the lowest level since June last year, it was higher than the expected increase of 2.9 percent, and the value before December was 3.4.%. U.S. CPI rose 0.3 percent month-on-month in January, up 0.2 percent from expectations and 0.3 percent before December.

the Fed is more concerned about core inflation, which excludes food and energy costs, and the U.S. core CPI rose 3.9 percent year-on-year in January, above expectations of 3.7 percent, unchanged from the pre-December value of 3.9 percent, and did not fall further. The latest data highlights the continuing inflationary pressures in the United States and the bumpy road to fighting inflation. The market reacted strongly, with expectations of a Fed rate cut retreating. (Wall Street)

Duan Yongping's investment account was exposed, increasing his holdings of Ali and clearing his positions. he once said that he could not see through Ali and could not make heavy efforts

On February 15, a snowball user posted "Reduce Apple, Increase Ali, Clearance Duoduo. Duan Yongping's latest 13F position", and uploaded screenshots showing that according to the latest 13F file submitted by H & H International Investment, LLC, the account increased its holdings of 1918730 shares of Ali in the fourth quarter of 2023, and currently holds a total of 4959230 shares.

The snowball netizen also pointed out that compared to the previous quarter, H & H International Investment, LLC "newly bought Occidental Petroleum, increased its holdings of Alibaba, Modena, Bank of America, reduced its holdings of Apple, Berkshire, Disney and the Happy Gathering Era, and cleared out a lot of positions."

"Searching the name of the institution, it can be determined that H & H International Investment, LLC is an investment company controlled by Mr. Duan Yongping." The source added. (Caixin)

What is Buffett "plotting"? Q4 reduced its 10 million shares of Apple stock last year

on Wednesday (February 14) eastern time, Berkshire Hathaway, which is under the control of "stock god" Buffett, submitted the latest 13F form to the US Securities and Exchange Commission (SEC). Overall, according to statistics from the data platform WhaleWisdom, as of the end of December last year, Berkshire's total U.S. stock holdings were about $347 billion, an increase of about $34 billion from $313 billion in the previous quarter. The top 10 positions accounted for 92.92 per cent and Apple for 50.19 per cent.

According to the latest data, with the exception of Apple and Chevron, the top 10 heavyweight stocks have not changed much: Berkshire Hathaway reduced its 10 million shares of Apple and increased its 16 million shares of Chevron in Q4. In the previous quarters, Buffett made a series of reductions in the energy giant. (Caixin)

MSCI's latest quarterly adjustment: 4 A- share targets including Midea Group and Huada Zhizao

On February 13, MSCI announced the results of its February 2024 Index Review. The adjustment involves the MSCI Global Standard Index (flagship index), the MSCI Emerging Markets Index, the MSCI A- share onshore index and the MSCI China All-Share Index. The results of the above adjustments will take effect after the close of trading on February 29, 2024.

The MSCI Global Standard Index added 24 stocks this time, excluding 101 stocks. In this adjustment, the MSCI China Index includes 4 constituent stocks (including Hong Kong stocks, A shares, etc.) and excludes 48 constituent stocks. The four new stocks are all A- shares, respectively, China Merchants Highway (001965.SZ), Huada Zhizao (688114.SH), U.S. Group, Samsung Medical (601567.SH). (The Paper)

EU reaches agreement on fiscal rules reform

On the 10th local time, after 16 hours of negotiations, the European Council and the European Parliament reached an agreement on the reform of EU fiscal rules. The agreement aims to control spending, reduce debt ratios and deficits, and ensure the sustainability of public finances; at the same time promote investment and maintain sustainable and inclusive growth in EU member states. The agreement limits government debt to 60 per cent of gross domestic product (GDP) and public deficits to 3 per cent, and requires member states to comply with debt sustainability safeguards and deficit resilience safeguards. (First Finance)

Industrial economy

"the hottest in history" spring festival ends: domestic travel orders exceed the peak of outbound travel in nearly four years before the epidemic

The length of this year's Spring Festival holiday has driven "returning home" to "tourism". According to the data of flying pig platform, this year's Spring Festival has become the most popular Spring Festival tourism holiday in history. The number of domestic travel bookings has greatly exceeded that of the same period in 2019, and outbound travel has also reached a peak in nearly four years, with the number of bookings increasing nearly 10 times year on year. (Caixin)

8.023 billion! Set a new box office record for the Spring Festival in Chinese film history

cat's eye professional edition data show that as of 21: 00 on February 17, the total box office of the 2024 spring festival (2.10-2.17) new films exceeded 8.023 billion yuan, surpassing the highest box office of 7.842 billion yuan in 2021, setting a new record for the spring festival box office in Chinese film history.

during the period, the total number of movie viewers was 0.163 billion, with a total of 3.937 million games, both setting a new record for the total number of movie viewers and a new high for the total number of movie viewers and the total number of games in the spring festival of Chinese film history. The top four box office tickets for this year's Spring Festival are "Hot and Hot", "Flying Life 2", "Bear Infestation, Reversing Time and Space" and "Article 20". (Beijing News)

It's about real estate financing, and banks are selling intensively

With the intensive release of the first batch of real estate project "white list", the major banks quickly follow up, intensive disclosure of the latest news of project docking. Among them, only the five major state-owned banks of Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Construction Bank, and Bank of Communications have more than 8000 white-listed projects. In addition to large state-owned banks, a number of joint-stock banks have also announced the latest situation of following up the "white list" project.

Industry experts said that as an innovative measure to solve the financing problems of real estate projects and stabilize real estate financing, the urban real estate financing coordination mechanism is centered on supporting project construction, with special loan funds and closed management, which can accurately and effectively support project construction and delivery., Helps to meet the reasonable financing needs of real estate projects, effectively safeguard the legitimate rights and interests of home buyers, and enhance market confidence and vitality. (The country is a through train)

China will renovate more than 100000 kilometers of underground pipelines every year

The reporter recently learned from the Ministry of Housing and Urban-Rural Development that in the future, my country will renovate more than 100000 kilometers of underground pipelines every year. The person in charge of the relevant departments and bureaus of the Ministry of Housing and Urban-Rural Development said that the underground pipe network includes municipal public pipelines such as water supply, rainwater, sewage, reclaimed water, natural gas, heat, electricity, and communications within the city to meet the needs of life and production. At present, the length of water supply pipelines in cities across the country is 1.103 million kilometers, the length of drainage pipelines is 913500 kilometers, the length of natural gas pipelines is 980400 kilometers, and the length of heating pipelines is 493400 kilometers. (Xinhua News Agency)

Company News

100 billion giant extremely rabbit express was affected by messi, and its share price fell 25% at one time, denying "support messi's netizens"

On the morning of February 16, Polar Rabbit Express-W fell 25.87 per cent. News, a social short video platform nicknamed "extreme rabbit express" account, in response to netizens' request to replace spokesman Messi's message, said "extreme rabbit does not lack resources".

regarding this, the official account number "rabbit express" of polar rabbit express on the platform clarified: "the information publisher is not the official account number of the enterprise and does not represent the position of the company. the company will continue to work hard to provide better services to customers." (Interface News)

the vast majority of Shanghai aunt's IPO income in hong kong comes from joining business

on February 14, aunt Shanghai submitted a listing application to the main board of the hong kong stock exchange. According to the burning knowledge consultation, as of September 30, 2023, according to the number of stores in the whole system, Shanghai aunt is the largest brand of medium-priced tea shops in northern China. Shanghai aunt to take to join as the focus of the business model. As of September 30, 2023, 99.3 or 7245 of the 7297 stores in its network were operated by franchisees. (China Fund News)

Yao Ming Bio: not a subsidiary of Yao Ming Kant, strongly object to the unfounded allegations against the company

Yao Ming Bio announced at the Hong Kong Stock Exchange on the morning of February 14 that the company noticed that a US congressman sent a letter to some US government departments on February 12, 2024, which mentioned the company. The company clarified that it is not a subsidiary of Wuxi WuXi AppTec New Drug Development Co., Ltd., and the relevant statements in the letter are inaccurate.

The Company is an independent public company listed on the Main Board of The Stock Exchange of Hong Kong Limited and operates its business independently. The Company fully supports regulatory oversight of our industry, but strongly opposes any inaccurate statements and unsubstantiated allegations against the Company without due consideration of the facts. (Interface News)

Zhao Xiaolan's sister, former U.S. Secretary of Labor and CEO of shipping giant, died in an early morning car accident

Zhao Anji (Angela Chao), chairman and CEO of Fumao Group (Foremost Group), died in a car accident in the early morning of February 12 at the age of 50, the official Weibo of China overseas Chinese Network quoted the US World Daily as saying. Zhao Anji (1973-2024), born in the United States and originally from Jiading, Shanghai, is the sister of former U.S. Secretary of Labor Zhao Xiaolan and former independent non-executive director of Bank of China. He has been an independent director of Bank of China since January 2017. Former Chairman and Chief Executive Officer of Fumao Group of the United States.

Fumao Group was founded in 1964 in New York, USA. Its main business includes international shipping, finance and international trade. Captain Zhao Xicheng (James Chao), founder of the group, is the father of Zhao Xiaolan, a famous Chinese-American and former US Secretary of Labor. (City Express Orange Persimmon Interactive)

Li Xiaoming, the richest man in Yunnan, emigrated to the United States with his family after cashing in 34.5 billion yuan? Response from listed companies

recently, a WeChat public number published an article saying, "Li Xiaoming (Paul Xiaoming Lee), chairman of Enjie, the domestic lithium battery diaphragm leader and Yunnan's richest man, sold his company's shares in China and cashed in 34.5 billion yuan. After he and five of his family immigrated to the United States and obtained American citizenship, stopping the upgrading and investment in industrial technology." On the evening of February 8, in response to this rumor, Yunnan Enjie New Materials Co., Ltd. (hereinafter referred to as "Enjie shares") officially stated that "the above information is not true." (The Paper)

Duke Energy may stop using energy storage batteries in Ningde era, which will severely restrict supply

Recently, the U.S. utility company Duke Energy (Duke Energy) said that under the pressure of the U.S. Congress, Duke Energy plans to disable the energy storage battery produced by Chinese battery manufacturer Ningde era in Camp Lejeune, the largest Marine Corps base in the United States, and will gradually disable the battery products of Ningde era in civil energy storage projects. Some US industry insiders told the media that any avoidance of the use of Chinese energy storage batteries may cause US utility operators to fall into serious supply constraints. (The Paper)

Shenzhen stock exchange disposes Evergrande real estate and related parties for failing to disclose 2022 financial report on time

On February 8, the Shenzhen Stock Exchange announced that Evergrande Real Estate Group Co., Ltd. failed to submit and disclose the 2022 interim report and 2022 annual report within the specified time. After deliberation and approval by the Disciplinary Committee of the Shenzhen Stock Exchange, Evergrande Real Estate Group Co., Ltd. and its related parties were publicly condemned. The punishment involved Zhao Changlong, then chairman and general manager of Evergrande Real Estate Group Co., Ltd., and Qian Cheng, the person in charge of finance and information disclosure. (Beijing News)

the top management of the four major banks has been adjusted intensively: ICBC and ABC are short of presidents, and the leadership of BOC has been adjusted greatly

Recently, a number of senior executives of the four major state-owned banks have adjusted. Yao Mingde, Secretary of the Party Committee and President of the Shenzhen Branch of the Agricultural Bank of China, has served as a member of the Party Committee of the Industrial and Commercial Bank of China, and will assume the post of Vice President after completing the relevant procedures. In January this year, Liao Lin, president of ICBC, became secretary of the party committee of ICBC and was proposed to be chairman, replacing Chen Siqing, who was born in 1960.

Since 2023, the four major state-owned banks have adjusted their senior executives. Among them, the Bank of China has adjusted the most personnel, ICBC and Bank of China are involved in the adjustment of the chairman of the board, and the presidents of ICBC and Agricultural Bank of China have adjusted. (The Paper)