News Express
1. China Securities Regulatory Commission: The relevant market rumors that “quantitative trading in the commodity futures market has been suspended” are false.
The person in charge of the relevant department of the China Securities Regulatory Commission stated that the relevant market rumors that "quantitative trading in the commodity futures market has been suspended" are false news. The policy of reducing handling fees in the commodity futures market has been implemented for many years, and each commodity futures exchange has reduced handling fees from futures companies to a certain extent in accordance with regulations. In 2024, in order to strengthen transaction supervision and maintain the market order of the "three public affairs", each commodity futures exchange will optimize and adjust the fee reduction policy, and implement differentiated fee reduction policies for programmed trading customers who meet certain standards, instead of suspending programmed trading in the futures market. Comment: Rumors about quantitative trading have been circulating for a month or two, and were finally confirmed by the China Securities Regulatory Commission. When A-shares are weak, the market is too sensitive to quantitative trading, and it is a pity to run first when there is any trouble.
2. The National Data Administration and 17 other departments jointly issued the "Data Elements ×" Three-Year Action Plan (2024-2026)"
The National Data Administration and 17 other departments jointly issued the "Data Elements ×" Three-Year Action Plan (2024-2026). The "Action Plan" selects 12 industries and fields, including industrial manufacturing, modern agriculture, commerce and circulation, transportation, financial services, technological innovation, cultural tourism, medical and health, emergency management, meteorological services, urban governance, and green and low carbon, to promote the multiplier effect of data elements and release the value of data elements. Comment: Data service providers in related vertical fields are expected to benefit; at the same time, in the process of market circulation, the demand for data storage, processing and analysis, confirmation, security, transactions and other links will also continue to be released.
3. Shanghai: Encourage qualified online new economy red-chip companies to return to the domestic capital market and support qualified platform companies to be listed domestically and overseas in accordance with laws and regulations.
The General Office of the Shanghai Municipal People's Government issued "Several Policies and Measures in Shanghai to Promote the Healthy Development of the Online New Economy". It is proposed to support platform enterprises to play the role of chain owners. Guide the city's online new economy platform companies to reasonably determine payment settlement, platform commission and other service fees, and provide certain support to high-quality small and micro merchants in terms of merchant entry, online store deposits, publicity and promotion, information services, and professional training. Encourage seed companies to go public for financing. Support online new economic enterprises that are in line with national strategies, have breakthroughs in key core technologies, and have high market recognition to be included in the restructured and listed cultivation enterprise database in accordance with regulations. Encourage qualified online new economy red-chip companies to return to the domestic capital market, and support qualified platform companies to be listed domestically and overseas in accordance with laws and regulations. Comment: At a time when the capital market is confused about Internet technology stocks, Shanghai has given everyone reassurance. It depends on which company can come out on top on the Science and Technology Innovation Board.
4. 17 departments including the National Data Administration: guide and encourage all types of social capital to invest in the data industry and support data providers in listing and financing
The National Data Administration and 17 other departments jointly issued the "Data Elements ×" Three-Year Action Plan (2024-2026). It mentioned that financial support should be strengthened to implement the "Data Element ×" pilot project, and investment within the central budget and other types of funds should be coordinated to increase support. Financial institutions are encouraged to increase credit support and optimize financial services in accordance with market-oriented principles. Explore diversified investment and financing models in accordance with laws and regulations, give full play to the role of relevant guidance funds and industrial funds, and guide and encourage all types of social capital to invest in the data industry. Support data providers to go public and raise funds. Comment: The data will be in the table soon, which is also a potential hidden line for A shares this year. It just depends on when it can ignite market sentiment.
5. The response time of the investor interactive platform is only after the market is fixed and will not be closed.
According to anecdotal reports, investor interactive platforms such as "Interactive Easy" and "SSE e-Interactive" will be shut down to reduce the real-time impact of intraday or pre-market announcements on the stock price. According to Fang’s understanding, this rumor is untrue and there are no arrangements to suspend or close the investor interaction platform. From the perspective of interactive platform applications, the user base is very broad, which plays a role in eliminating information gaps. However, the reply time of interactive content has been adjusted. Previously it could be sent before or during the market, but later it can only be sent after the market. For example, the reply time of Interactive Content is 15:00-24:00. Comment: Previously, during the trading session, Sudavige and Simei Media had no bottom line in their comments on the interactive platform, causing stock prices to fluctuate sharply. To this end, supervision has finally closed the loopholes.
6. Changbai Mountain: The number of tourists received by the main scenic spot of Changbai Mountain in 2023 increased by 260.5% year-on-year.
Changbai Mountain disclosed a stock trading risk warning announcement. The main scenic spot of Changbai Mountain received a total of 2.748 million tourists in 2023, a year-on-year increase of 260.5% and an increase of 9.4% compared with the same period in 2019. The number of tourists has increased in winter. At present, the company's ice and snow project revenue still accounts for a small proportion of the company's overall revenue. The company's main business is still the tourist passenger transportation business and hotel business. There are no other major changes in the company's fundamentals. Comment: Heilongjiang failed to find a good target in the A-share market, and finally settled on Geely Changbaishan. This is also a reflection of the hot sentiment in the tourism market in the A-share market. At this point, A-shares need a tourism stock to respond.
7. Passenger Car Association: It is estimated that the passenger car market retail sales in December will be 2.361 million units, a year-on-year increase of 9%
According to preliminary estimates from the Passenger Car Association, the passenger car market retailed 2.361 million units in December, a year-on-year increase of 9% and a month-on-month increase of 14%. The cumulative retail sales so far this year were 21.706 million units, a year-on-year increase of 6%. The national passenger car manufacturers wholesaled 2.796 million units, a year-on-year increase of 24%, and a month-on-month increase of 10%. The cumulative wholesale sales of this year was 25.611 million units, a year-on-year increase of 10%.
8. U.S. solid-state battery concept stock QuantumScape surged 40% overnight
U.S. solid-state battery concept stock QuantumScape has been rising since the opening, and finally recorded a 43.09% increase. The direct cause of QuantumScape's rise was an announcement from PowerCo, the Volkswagen Group's battery subsidiary. PowerCo confirmed through hands-on experiments that QuantumScape's anodeless solid-state battery sample can be charged and discharged 1,000 times, and the battery has "almost no aging" when the test is completed, and still maintains 95% of its capacity (or discharge energy retention rate). Comment: Pay attention to whether it will be mapped to A shares.
Overnight external market
U.S. Stocks: After Wednesday’s Federal Reserve meeting minutes hinted that the Fed may maintain restrictive high interest rates for a period of time, the U.S. ADP private sector employment, known as the “small non-agricultural sector”, increased by 164,000, a substantial increase of 39,000 more than expected, and the unexpected month-on-month decline in the number of first-time jobless claims last week once again suppressed the Federal Reserve’s sharp increase in the year In anticipation of an interest rate cut, U.S. stocks closed mixed, with large technology stocks and Chinese concept stocks mostly falling, while digital currency concept stocks rebounded. Amazon fell more than 2%, and MobilEye fell more than 24%, hitting a new low since the end of April last year and the largest single-day decline since its listing. Energy Chain Smart Electric, Xunlei, etc. fell more than 5%, and Alibaba and Bilibili fell more than 2.5%.
Futures market: The U.S. dollar index turned higher in the short term, but finally stopped four consecutive gains and fell away from a nearly three-week high; the Japanese yen fell by more than 1% in consecutive days; the offshore yuan fell by more than 200 points in the intraday session, once again falling below 7.17 and hitting a three-week low; gold futures rose to $2,050, bidding farewell to the closing low since December 18 refreshed on Wednesday, and Lun, Tonglun, and nickel fell for the fifth consecutive day; crude oil failed to rebound for two days and turned lower during the session, New York Crude oil fell to US$72.19, Brent crude oil fell 0.84%, and U.S. oil and U.S. oil failed to continue to break away from the closing low since December 13th refreshed on Tuesday. U.S. bond yields once rose by 10 basis points, and the 10-year yield rose above 4.0% for two consecutive days. European government bond prices fell, and yields rose by more than 10 basis points intraday. German bond yields erased Wednesday's decline.
market strategy
The market fell again. Judging from the GEM index, last Thursday's big positive line has been broken by the closing price, which can be regarded as a signal that the rebound is over. Although theoretically there is a possibility of a double bottom, it is difficult to make a judgment. If there is another mid- to long-yin break, it will be officially confirmed and you can wait for further confirmation signals.
Theme nuggets
Graphene: According to reports, researchers at the Georgia Institute of Technology in the United States recently created the world's first functional semiconductor made of graphene. The research team achieved a breakthrough by using a special furnace to grow graphene on silicon carbide wafers. The study found that epitaxial graphene chemically bonds to silicon carbide and begins to exhibit semiconductor properties. Measurements showed that their graphene semiconductor has 10 times the mobility of silicon. This breakthrough opens the door to the development of entirely new electronic products.
Targets: Del Future (002631), Huali Family (600503)
Emergency robots: The Ministry of Emergency Management and the Ministry of Industry and Information Technology issued guidance on accelerating the development of emergency robots. The opinion proposes that by 2025, a batch of advanced emergency robots will be developed to significantly improve the scientific, professional, refined and intelligent levels; a batch of practical test and demonstration application bases for emergency robots in key scenarios will be built to gradually improve the development ecological system; the deployment of emergency robots will continue to increase, the equipment system will be basically constructed, and the level of practical application and support will be comprehensively improved. Strengthen the innovative application of cloud computing, artificial intelligence, big data, etc. in emergency robots to improve the level of robot intelligence.
Target: Topstar (300607), Boshi Shares (002698)
Announcement selection
【Major matters】
6 days and 5 boards Zhiwei Intelligence: Hongmeng series products are still in the development and testing stage and no sales orders have been formed yet
Top Group: Plans to invest 5 billion yuan in building a production base for core robot components
Yahua Electronics: Currently there is no specific implementation of Hongmeng medical care scenario application
Corun: Plans to participate in the establishment of industrial funds with RMB 200 million to invest in energy storage and other fields
【Mergers, Acquisitions and Reorganization】
Wuzhong, Jiangsu: Termination of issuance of shares to specific objects and withdrawal of application documents
FiberHome Electronics: The review of major asset restructuring involving military industry matters has been approved by the Bureau of Science, Technology and Industry for National Defense
[Increase and reduce holdings]
Ribo Fashion: Daixi Investment and Whale Domain Asset Management plan to reduce their holdings in the company by no more than 1% each
Only Education: Jiaotong University Industry Group and Jiaotong University Enterprise Management Center plan to reduce their holdings by no more than 1% of their shares
Huayang International: Persons acting in concert with the actual controller plan to reduce their holdings by no more than 1% of the shares
Pulian Software: The company’s supervisors plan to increase their holdings to no less than 8,000 shares
Jiuzhou Pharmaceutical: Plans to repurchase shares for 50 million to 100 million yuan
Jinhe Industrial: The second phase of the core employee stock ownership plan promises not to reduce its holdings within 6 months
【Other matters】
Feilong Shares: Net profit is expected to increase by 197%-233% year-on-year in 2023
Dafeng Industrial: Net profit is expected to decrease by 50%-70% year-on-year in 2023
Yangtze Power: In 2023, the total power generation of the company’s six domestic cascade power stations will increase by 5.34% year-on-year.
GEM: Shipments of core product ternary precursors will increase by more than 10% year-on-year in 2023
Zhejiang Construction Investment: Subsidiary won the bid for a 1.179 billion yuan project
Longjian Co., Ltd.: Won the bid for engineering projects totaling 497 million yuan
Dalian Shengya: The company’s current production and operation activities are normal
Safran Water: The Nankang sewage treatment plant project was repurchased by the government and the BOT franchise was terminated
