From: Finance

This article is from: Finance

News Express

1. The Executive Meeting of the State Council deliberated and approved the Action Plan for Digital Transformation of Manufacturing Industry

The Executive Meeting of the State Council deliberated and approved the Action Plan for Digital Transformation of Manufacturing Industry. The meeting pointed out that the digital transformation of the manufacturing industry is an important measure to promote new industrialization and build a modern industrial system. According to the diversified and personalized needs of the manufacturing industry, typical scenarios should be excavated by industry and field. Accelerate core technology research and popularization and application of results, and do a good job in equipment networking, mutual recognition of agreements, standard formulation, and platform construction. It is necessary to increase support for the digital transformation of small and medium-sized enterprises, organically combine with the implementation of large-scale equipment renewal actions and the implementation of technological transformation and upgrading projects, improve the public service platform, and explore the formation of a long-term mechanism to promote the digital transformation of small and medium-sized enterprises.

2. after three months of IPO review restart, Marco polo will attend the meeting soon

On the evening of May 10, the Shanghai and Shenzhen Stock Exchanges issued an announcement of the review meeting of the Shanghai Municipal Party Committee, and planned to review the IPO issuance and listing application of Marco Polo Holdings Co., Ltd. (hereinafter referred to as "Marco Polo") on May 16. And the refinancing application of Shanghai Baolong Automotive Technology Co., Ltd. Since the Spring Festival in 2024, A shares have not been reviewed by the Shanghai Municipal Committee for three consecutive months. The last time the Shenzhen Stock Exchange and the Shanghai Municipal Committee reviewed the application for listing of enterprises was in early February.

3. The General Administration of Market Supervision issued the Interim Provisions on Anti-unfair Competition on the Internet, which will come into force on September 1, 2024

The General Administration of Market Supervision issued the Interim Provisions on Anti-Unfair Competition on the Internet, which will come into force on September 1, 2024. The "Regulations" have the following characteristics: First, insist on encouraging innovation. Protect the innovation achievements of enterprises and strive to promote the Internet industry to maximize its innovation potential. The second is to regulate competition. In line with the new characteristics, new trends and new requirements of China's digital economy development, we will improve the identification standards and regulatory requirements of all kinds of network unfair competition behavior. It clarifies the new manifestations of traditional unfair competition behaviors such as counterfeiting confusion and false propaganda in the network environment, and lists new types of network unfair competition behaviors such as reverse order brushing and illegal data acquisition. And set up a bottom-up clause to provide a regulatory basis for new problems and new behaviors that may arise. The third is to strengthen the protection of consumer rights. In response to social concerns, we will regulate the focus issues such as the current online consumption in China, which infringes on the rights and interests of consumers, such as the purchase of letters, the return of favorable comments, and the influence of user choices, so as to provide policy support for solving the new problems of the emergence of new online consumption scenarios and new formats. Four is to strengthen the platform responsibility. Supervise and urge the platform to strengthen the standardized management of competitive behavior within the platform, and at the same time regulate the abuse of data algorithms to gain competitive advantage. Five is to optimize the law enforcement case. In view of the characteristics of network unfair competition, such as wide radiation, cross platform and cross region, special provisions are made on the supervision and inspection procedures. Create an expert observer system to provide intellectual and technical support for solving key problems. Six is clear legal responsibility. Give full play to the "combined punch" role of laws and regulations in the field of market supervision, and effectively link up the anti-unfair competition law, e-commerce law, anti-monopoly law, administrative punishment law and other laws. At the same time, the legal responsibility of confiscation of illegal income is clarified, and the effect of supervision is strengthened. Comment: Internet stocks have recently emerged from the independent market in the rebound of Hong Kong stocks after falling for several years. This includes both policy assistance and AI blessing. The price/performance ratio of Hong Kong stocks is still good.

4. the CSRC has filed an investigation into the "runaway" private placement Ruifeng Da: the company is suspected of a number of violations of laws and regulations.

Recently, the media reported that the actual controller of Zhejiang Ruifengda Asset Management Co., Ltd. "ran away", which attracted the attention of all parties. The CSRC attaches great importance to it and acts quickly to organize relevant units such as the Securities Regulatory Commission and the Fund Industry Association to carry out verification. Judging from the current situation, Ruifengda Company is suspected of a number of violations of laws and regulations, and the China Securities Regulatory Commission decided to file a case for investigation and deal with it strictly in accordance with the law. The CSRC has informed the public security organs and others of the situation to strengthen coordination and cooperation. In the next step, the CSRC will work with relevant parties to actively and steadily promote risk disposal, maintain market order, and effectively protect the legitimate rights and interests of investors. Comment: Ruifeng Da's play is suspected to be in the new third board left hand to right hand, the funds out, the means are extremely bad. Such acts that seriously disrupt the market order must be severely punished.

5. hkex: the adjustment of real-time turnover and daily quota balance of northbound transactions will be officially implemented on may 13

The Hong Kong Stock Exchange announced that, referring to the notice issued by the Exchange on May 3, 2024, following the successful completion of the pre-launch test, the adjustment of the real-time turnover and daily quota balance of northbound transactions will be officially implemented on May 13 (Monday). On April 12, the Shanghai-Shenzhen-Hong Kong Stock Exchange disclosed the trading information of the Shanghai-Shenzhen-Hong Kong Stock Connect respectively. The main adjustment arrangements are as follows: First, the Hong Kong Stock Exchange adjusted the real-time disclosure arrangement of trading information and no longer disclosed the real-time buying transaction amount, selling transaction amount and total transaction amount of the Shanghai-Shenzhen Stock Connect; When the balance of the Shanghai-Shenzhen Stock Connect on the same day is greater than or equal to 30%, the "sufficient quota. Comment: From Monday onwards, the Shanghai and Shenzhen Stock Connect will no longer disclose the amount of real-time buying transactions, selling transactions and total transactions, and there will be no movement of smart funds in the market.

Financial and Inflation Data Releases for June and April

According to data from the central bank, preliminary statistics show that the incremental scale of social financing in the first four months of 2024 totaled 12.73 trillion yuan, 3.04 trillion yuan less than the same period last year. At the end of April, the balance of broad money (M2) was 301.19 trillion billion yuan, up 7.2 percent year-on-year. The balance of narrow money (M1) was 66.01 trillion yuan, down 1.4 percent year-on-year. The balance of currency in circulation (M0) was 11.73 trillion yuan, up 10.8 year on year. Net cash investment of 386.6 billion yuan in the first four months. Commentary: The bond market has continued to rise this year. Under the reasons such as the phenomenon of capital idling and manual interest supplement being severely cracked down, the growth rate of money fell.

Consumer prices nationwide rose 0.3 percent in April from a year earlier, according to data released by the National Bureau of Statistics. PPI fell 2.5 percent year-on-year in April, down 0.3 percentage points from the previous month. Comment: The period of the year with the greatest pressure on low prices may have passed. CPI performance slightly exceeded market expectations, with a certain pulse-type price increase characteristics.

7, CITIC Securities: many positive factors in the accumulation of various types of funds to rush to promote the recent comprehensive repair of China's assets

CITIC Securities issued a statement saying that the macro policy environment continues to improve, many positive factors are accumulating, all kinds of funds rush to promote the recent comprehensive repair of China's assets, optimism is budding, the market has returned to normal, it is recommended to dilute the game, the allocation of focus on performance growth, low-wave dividends and active theme of the three main lines. First of all, judging from the recent intensive positive factors, first, the tone of real estate policy has changed significantly, and the dilemma of industrial chain is expected to be reversed. Second, the market has entered a performance vacuum in the short term, and the first quarter performance is expected to be the lowest in the whole year. Third, some industry policies have begun to focus on controlling production and price protection to improve the competition pattern and corporate profitability. Fourth, the logic of going out to sea is widely recognized by the market, opening the traditional industry growth and the ceiling. Secondly, from the perspective of the incremental capital structure of the market, the rapid increase in private equity positions and the intensive inflow of northbound trading funds to bring incremental growth to A- shares, the continued inflow of funds from the south, the rebalancing of foreign capital Asia-Pacific allocation to promote the acceleration of the Hong Kong stock market. Finally, from the ecological point of view of the market, investors have come out of the atmosphere of excessive caution, IPO normalization also marks the return of the market to normal. Comment: A- shares are generally high dividend strategies this week, but high dividends are now premised on low valuations, and if they are out of low valuations, high dividend strategies lose value for money.

8. the hearing on the new version of the biosafety act (H.R.8333) involving drugs will be held on the 15th. the contract exemption for us pharmaceutical companies will be extended for 8 years

according to inquiries on the official website of the US Congress, the US House of Representatives Oversight and Accountability Committee will hold a plenary hearing on the 15th to discuss and vote on a number of bills including the BIOSECURE Act (biosafety bill, no H.R.8333). the name of the bill on the official website of the Congress is "H.R.8333-To prohibit contracting with certain biotechnology providers, and for other purposes.". Compared with H.R.7085, the most important thing for H.R.8333 is that it stipulates that the exemption of existing contracts/products will be extended to January 1, 2032, which may provide about 8 years for U.S. pharmaceutical companies to change partners, and the companies involved will clearly add Yao Ming Bio on the basis of the previous Huada Department, Yao Ming Kant and its subsidiaries. Comment: Previously, the market thought that the drug system might be separated from the U.S. business within 2-3 years. This time to 8 years, is a not so bad result.

9. Apple is close to reaching an agreement with OpenAI to apply ChatGPT to iPhone

Apple is reportedly close to a deal with OpenAI to apply ChatGPT to the IPhone. People familiar with the matter said that the two sides have been finalizing the terms of an agreement to use ChatGPT features in iOS 18, the next iPhone operating system. Apple is also in talks with Google about licensing the use of the company's Gemini chatbot. These discussions have not yet resulted in an agreement, but are ongoing.

Market Strategy

This week has finally entered the most important week of the first phase of the rise. The first phase of the rise refers to the rise that started at the lowest point in February, for the following reasons.

At the beginning of this wave, we gave the market a rough time and space quantitative a few months ago. Quantitative analysis is like a ruler, let us know the position of the market, and the corresponding best trading strategy. The overall strategy should pay attention to balance, balance is very important. In terms of time, we are tentatively scheduled for three and a half months, and the space is 3200 points. We have always said in the previous market that time and space have not arrived, so we do not judge the big high point of the first stage.

but starting from this week, it is just three and a half months after this week. the space reached 3163 points last Friday, only 37 points short of 3200 points. Before this week, the first stage rose in the middle and late, but this week will enter the end.

Theme Nuggets

Opening of the Biomedicine Conference

The 23rd China Biologics Annual Conference (CBioPC2024) will be held in Guangzhou from May 15 to 18, 2024. According to reports, this annual meeting is sponsored by the China Vaccine Industry Association and others. Focusing on the cutting-edge technology of biomedicine, it is planned to set up sub-forums on vaccines, recombinant therapeutic biological products, immune cells/stem cells/gene therapy, clinical research of innovative biological products, vaccination, blood products and the application of AI in the field of biomedicine. Government departments and regulatory agencies at all levels will be invited, experts from biological drug research and development, production and use units and investment institutions conduct academic exchanges.

target: junshi biology (688180) tiantan biology (600161)

Water light needle industry standard development

after the state food and drug administration adjusted the classification of medical devices in 2022 and explicitly included sodium hyaluronate solution for injection, which is the main component of "water light needle", into the management of class III medical devices, according to the reporter of science and technology board daily, the industry standard for sodium hyaluronate solution for injection is also in the process of being formulated, led by the central inspection institute.

target: huaxi biology (688363) amike (300896)

Highlights of the announcement

[Important matters]

Dongxin shares: the proposed foreign investment in Shanghai is still in the planning stage

Tianyu Digital Division: Chairman and General Manager of the Company are detained

Huadong Medicine: Subsidiary Company Received Notice of Acceptance of Application for Marketing License of Maihuatinib Tablets

Yangpu Medical: the chairman and general manager of the company lifted the lien

Baicheng Pharmaceuticals: Subsidiary receives notice of approval for clinical trials of BIOS2207 drugs

baoli international: to transfer 100% equity of subsidiary huayu general aviation for 11.1 million yuan

Microcore Biology: Application for Phase III Clinical Trial of Chidamide in Colorectal Cancer Accepted

yahong medicine: application for listing of aminolevulinic acid hexyl ester hydrochloride ointment photodynamic therapy system has been accepted

Andre: Signed a strategic cooperation framework agreement with the People's Government of Yichuan County, Yan'an City to invest in the construction of concentrated juice projects

Jicheng Electronics: No significant changes in the internal and external business environment in the near future

lianhua supermarket received 0.36 billion yuan capital increase from Bailian group

Plitt: subsidiary haisida signed a purchase and sale contract for sodium ion batteries of not less than 1.5GWh

china national engineering international: subsidiary signs 0.108 billion yuan procurement project contract

Zhongman Petroleum: won the bid for the development right of Iraq's oil and gas block

strait innovation (rights protection): the company's shares were suspended for one day on may 13 after receiving advance notice of administrative punishment

huijin shares (rights protection): the company's shares were suspended for one day on may 13 after receiving the administrative penalty decision

special information (rights protection): the company's shares were suspended for one day on may 13 after receiving the "advance notice of administrative punishment and market ban"

[Performance Express]

Xiantan shares: sales revenue of chicken products in April increased 11.16 month on month in 0.445 billion yuan

[Increase or decrease]

ST Zhizhi: shareholder Xin ao Xin zhi plans to increase his shareholding in the company with 50 million yuan to 0.1 billion yuan

Capital Securities: Shareholder City Power intends to reduce its stake in the company by no more than 1%

[Dividend]

zhongke blue news: may 16, the date of registration of the shares of the proposed 10-party 8.3 in 2023

Shanghai yizhong: 2023 proposed date of registration of 10 3.1 to 3 shares

Trading tips

[IPO]

As of now, this week's new stock market has maintained a "zero subscription" status, and it is expected to become the fourth trading week without new stock subscriptions this year.

[Purchase of convertible bonds]

None

[Convertible Bond Trading Tips]

[Lower Shareholders' Meeting] Yubang Convertible Bonds

[next revision of shareholders' meeting] zhongchen convertible bonds

[downward revision of conversion price] starting convertible bonds

[Positive Dividend] Rida Convertible

[Sale Restriction]