Early Finance | The Ministry of Foreign Affairs responded to the Chinese coast guard blocking Philippine ships in accordance with the law; insiders revealed the latest progress of the Tsingtao beer scandal; the Chinese Football Association owed 1.2 billio
NO.1 On October 22, a spokesperson for the Ministry of Foreign Affairs said in response to a reporter's question about the Chinese coast guard's lawful obstruction of the Philippines' unauthorized delivery of construction materials to the illegal "beach" warship of Ren'ai Jiao.China once again urges the Philippine side to heed China's solemn concerns, honor its commitments, stop provoking trouble and provocation at sea, stop taking dangerous actions, stop unprovoked attacks and smear against China, and tow away illegal "beach" warships as soon as possible, so as to avoid undermining peace and stability in the South China Sea and harming the common interests of countries in the region。 China will continue to take necessary measures in accordance with domestic and international law to firmly safeguard China's territorial sovereignty and maritime rights and interests. (CCTV News)
NO.2 On October 22, the spokesperson of the Ministry of Commerce answered reporters on the China-Australia WTO dispute. Q: The Australian side announced that it has reached a consensus with China on the settlement of WTO disputes related to wine and other countries. What is China's comment on this?Recently, under the framework of the WTO, China and Australia have conducted friendly consultations on WTO disputes of mutual concern such as wine and wind towers, and reached a consensus on proper settlement。 China and Australia are important trading partners of each other, and we are willing to work with the Australian side to continue to meet each other halfway through dialogue and consultation, and jointly promote the stable and healthy development of bilateral economic and trade relations. (Ministry of Commerce website)
NO.3 On October 22, the Ministry of State Security's WeChat public account disclosed a major espionage case cracked by Sichuan Provincial State Security Organs.On July 23, 2021, the state security organs of Sichuan Province cracked a major espionage case in which the US espionage and intelligence agency countered and developed China's visiting students in the United States, and dug up the intelligence eyeliner Hou Moumou installed by the US side in China's key national defense and defense industrial units, eliminating major hidden dangers。 At present, Hou has been transferred to the Chengdu Intermediate People's Court for trial.
NO.4 Focus on the Palestinian-Israeli conflict
According to CNN, on the 21st local time,U.S. Defense Secretary Austin announced that the United States is deploying more air defense systems to the Middle East, including the THAAD anti-missile company and more Patriot anti-aircraft missile systems in response to the recent escalation in the region.
The Palestinian Ministry of Health stated on 22 October thatIn this round of conflict, 4,651 Palestinians have been killed and more than 14,000 injured。 According to Israeli media, citing the Israeli Ministry of Health,At least 1,400 people have died on the Israeli side in this round of conflict。
The Palestinian "Al-Quds Daily" quoted the media office of the Palestinian Islamic Resistance Movement (Hamas) on the 22nd as saying,The IDF has recently intensified air strikes targeting markets, restaurants, bakeries and other areas of people's lives in the Gaza Strip, which will lead to an increasing death toll。
On the 22nd local time, the Times of Israel quoted military sources as saying,Israel's Defense Ministry said more than 120,000 Israelis have been displaced as a result of the new round of the Palestinian-Israeli conflict and the Lebanese-Israeli border conflict。
On the 22nd local time, the Times of Israel quoted Israeli military sources as saying that the Israel Defense Forces said,An Israeli tank accidentally hit an Egyptian military post near the Kerem Shalom crossing in the Gaza Strip. The IDF said it apologized for the incident and would investigate it further.
(Comprehensive CCTV News, etc.)
NO.5 The latest episode of CCTV's "Football Night" program reported the content of the Chinese Football Association's football congress on October 16. At the meeting, the new president of the Football Association, Song Kai, summarized the work report of the previous Chinese Football Association and the financial reports of the Chinese Football Association in 2021 and 2022.In 2022, the total debt of the FA reached 1.2 billion yuan, 730 million yuan more than the 470 million yuan in 2018, while the total income was 260 million yuan less than in 2018。 It is worth noting thatIn 2022, the operation and management expenses of the Football Association will be 164 million, while the total cost of various competitions (119 million) and the cost of youth training and training (46 million) will be 165 million。 (Red Star News)
NO.6 On October 22, with the release of China's third-quarter economic data, many foreign institutions became more optimistic about the Chinese market.Xing Ziqiang, chief economist of Morgan Stanley China, recently said that he is optimistic about China's growth potential。 It is expected that the growth in the fourth quarter of this year will be better than in the second and third quarters, and the market is expected to gradually improve. In addition to Morgan Stanley,Recently, Goldman Sachs, Deutsche Bank, JPMorgan Chase, ANZ and other foreign financial institutions have successively raised their forecasts for China's GDP growth rate in 2023, indicating that foreign institutions' confidence in China's economy has rebounded。 A number of foreign institutions said that the risk-return ratio of China's equity assets is constantly improving. (SSE Report)
NO.7 On October 22, Wu Jianli, vice chairman of the National Social Security Fund Council, said at the Global Wealth Management Forum 2023 Shanghai Suhewan Conference that long-term funds have unique and important advantages in helping the modern industrial system.In the future, the social security fund will also tap its potential as long-term capital and patient capital, further increase investment in serving the national strategy, and accelerate the pace of promoting the construction of a modern industrial system。 (Beijing News Finance)
NO.8 Economic data for the first three quarters of 2023 from various provinces have been released one after another. According to incomplete statistics, up to now, 12 provinces, autonomous regions and municipalities have released relevant data such as GDP in the first three quarters. According to data released by the National Bureau of Statistics, preliminary calculations show that the GDP in the first three quarters was 913027 billion yuan, an increase of 5.2% year-on-year at constant prices. This growth rate has slowed down from the GDP growth rate in the first half of the year (5.5%).Among the 12 provinces, autonomous regions and municipalities that have released economic data for the first three quarters, 9 provinces have grown faster than the national level, namely, Hainan (9.5%), Inner Mongolia (7.2%), Sichuan (6.5%), Zhejiang (6.3%), Hubei (6.0%), Shanghai (6.0%), Chongqing (5.6%), Qinghai (5.6%), Liaoning (5.3%), Hainan currently has the highest growth rate。 (The Paper)
NO.9 Recently, Ms. Zhao spent nearly 1,900 yuan to buy a high-speed rail business seat, and the crew on the train asked her if she wanted fruit after handing out free lunches, snacks and drinks, and she chose itA small box of about 200 grams of grapes, the flight attendant took it apart and washed it and told her60 RMB。 October 21,The official of the Nanning passenger section of China Railway Nanning Bureau Group Co., Ltd. responded to the matter: the price was clearly marked, but it was not notified in advance. The sales department has been instructed to contact the passenger concerned to apologize, and the sales department and the directly responsible person Zhang have been dealt with according to regulations。 (Per comprehensive polar eye news, etc.)
NO.10 International News
On October 22, local time, Argentina held a national election, where more than 35 million registered voters will vote for a new president and vice president, and re-elect one-third of the Senate and half of the House of Representatives。 Local elections in the autonomous municipality of Buenos Aires, the capital of Argentina, and some provinces were also held simultaneously on the 22nd. According to the election process, voting began at 8 o'clock on the 22nd and ended at 6 p.m. The preliminary statistical results will be announced on the night of the 22nd at the earliest.
The Russian Ministry of Defense issued a war report on the 21st, saying thatThe Russian army repelled several attacks of the Ukrainian army in the direction of Kupyansk, Red Liman, Donetsk, Zaporozhye, Kherson and launched multiple rounds of offensives, destroying many tanks, armored combat vehicles and other equipment of the Ukrainian army。 The Ukrainian State News Agency reported on the 21st that in the past 24 hours, more than 100 battles have occurred in front-line areas.The Ukrainian Air Force carried out 8 strikes on areas where Russian personnel, weapons and military equipment were concentrated, and 4 strikes on Russian air defense missile systems。
According to a report by Yonhap News Agency on October 22, according to information from the South Korean and US militaries,South Korea, the U.S. Air Force and the Japan Air Self-Defense Force conducted the first joint air exercise over the Korean Peninsula on the same day。 The joint air exercise of the United States, Japan, and South Korea was conducted in formation flight mode in which US-Japan-ROK fighters escorted US B-52 strategic bombers.
Chicago police news,There were multiple gun violence incidents across Chicago over the weekend, with at least 14 people shot and three of them dead。
On October 22, local time,The Philippine Institute of Volcanology and Seismology issued an announcement that Mayon recorded 70 volcanic earthquakes in 24 hours, a significant increase compared to the previous day (31).
(Comprehensive CCTV News, Global Network, etc.)
NO.1 Tsingtao Beer (600600, stock price 81.09 yuan, market value 110.6 billion yuan):10月20日，“青岛啤酒三厂被曝有工人在原料仓小便”一事引发外界关注。 October 21,一位内部知情人士向《每日经济新闻》记者透露，视频中人员和视频拍摄者均是外用工，该视频拍摄场地并非网上谣传的青岛啤酒原料仓库，而是一个露天公众场所，可能是某物流承运商的运输车辆车厢，事发时旁边有不少人。10月21日下午，上述内部知情人士透露，视频拍摄者与疑似小便的相关人员，在当天就被平度市公安局控制。
NO.2 Foxconn:On October 22, the reporter learned that the tax department recently conducted tax inspections of key enterprises of Foxconn Group in Guangdong, Jiangsu and other places in accordance with the law, and the natural resources department conducted on-site investigations on the land use of key enterprises of Foxconn in Henan, Hubei and other places. (Global Times)
Comments:This may have some adverse effects on Foxconn's operations and image, in particular, drawing investor attention to the group's financial position and real estate business. In addition, this may also trigger some investor concerns and negative sentiment, especially concerns about Foxconn's compliance and transparency.
NO.3 CICC (SH601995, stock price 37.23 yuan, market value 179.7 billion yuan), China Galaxy (SH601881, stock price 11.66 yuan, market value 123 billion yuan):On October 22, CICC announced that it agreed to nominate Chen Liang as an executive director candidate for the second term of the board of directors of the company, and agreed to elect Chen Liang as the chairman and legal representative of the company's second board of directors on the premise that the proposal to elect Chen Liang as the company's executive director was passed by the general meeting of shareholders. On the same day, China Galaxy announced that Chairman Chen Liang proposed to resign as a director and chairman of the company on October 20, 2023, and Wang Sheng, vice chairman of the company, took the role of chairman.
Comments:This series of personnel changes will have a significant impact on both companies, and investors need to pay close attention to the company's future development and strategic adjustments.
NO.4 Vanke A (000002, stock price 11.66 yuan, market value 139.1 billion yuan):Recently, at the Vanke Media Exchange Conference, regarding whether there is an oversupply in the market, Yu Liang, chairman of the board of directors of Vanke, believes that the current housing conditions in major cities are "averaged", cities are averaged by small towns, and large cities are averaged by small cities. The demand for housing market has moved from the stage of "whether there is or not" to the stage of "good or not". Policy cannot be expected to solve all problems in one move. (Daily Economic News)
NO.5 COMAC:On October 22, the 25th Annual Conference of the China Association for Science and Technology opened in Hefei, Anhui Province, at the International Green Aviation Development Forum held at the same time, Wu Guanghui, chief designer of COMAC C919 and academician of the Chinese Academy of Engineering, said, "Compared with the old similar models, C919 can reduce carbon emissions by 12%-15%, and C929 puts forward higher design goals to reduce carbon emissions by 60%. (Science and Technology Daily)
Comments:COMAC expressed its C919 and C929 carbon reduction targets, which is in line with the green development trend of the global aviation industry. For companies, this may increase their competitive advantage, but it also faces technical and market challenges.
NO.6 Amazon (AMZN, $125.17, $1.29 trillion):According to Fortune magazine, Amazon updated its office work guidelines to empower managers to fire employees who fail to complete their three-day weekly assignments. (CCTV Finance)
Comments:This could change the way employees work and corporate culture. Pay attention to whether employee response and business performance are affected.
NO.7 BYD (SZ002594, stock price 239.2 yuan, market value 696.3 billion yuan):According to the "Xi'an Release" WeChat public account, the relevant person in charge of the Shaanxi Provincial Department of Industry and Information Technology introduced that Xi'an BYD has built the world's largest new energy production base and a complete industrial chain supply chain system in Shaanxi, and its new energy high-end model "Yangwang U8" has been officially put into production, with product orders exceeding 30,000 units.
NO.8 Cudi Coffee:On October 22, according to the official blog of Kudi Coffee, the number of global stores on the first anniversary of the opening of Kudi Coffee reached 6,061, ranking fourth in the world. The company aims to reach 20,000 stores worldwide by the end of 2025, and the store size will rank among the top three in the world.
Comments:This shows that the company has achieved certain results in the market. Investors may be optimistic about the company's future growth, but they also need to pay attention to whether store expansion is sustainable.
NO.9 Booking:Due to arrears, Booking, one of the world's leading hotel booking platforms, was recently sued by the operators of a number of hotels and hostels in Japan. The plaintiff alleges that Bookingc has been in arrears since July this year, and demanded compensation of about 36 million yen, or about 1.74 million yuan. (CCTV Finance)
Comments:Bookingx has been sued by Japanese hotels and hostels for arrears, which can damage the company's reputation and credibility. For hotel owners, this is highly likely to affect their cash flow and lead to bankruptcy.
NO.10 Air China (SH601111, stock price 7.25 yuan, market capitalization 117.5 billion yuan):According to the Consulate General of the People's Republic of China in San Francisco, on November 1, Air China's Beijing-San Francisco direct flight will resume, with two round-trip flights every Wednesday and Saturday.
Comments:This has contributed to the resumption of international flights and the promotion of economic exchanges, which could have a positive impact on Air China's business and share price.
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Last week's stock market summary:
Last week, the A-share Shanghai Composite Index fell 3.40% to close at 2983.06 points, the Shenzhen Component Index fell 4.95% to close at 9570.36 points, and the ChiNext Index fell 4.99% to close at 1896.95 points. The value style sector represented the index SSE 50, CSI 100 and CSI 300 down 4.01%, 4.42% and 4.17% respectively, while the growth style sector represented the index SME 100, CSI 500 and CSI 1000 fell 4.70%, 3.72% and 5.06% respectively.
Stock Market Predictions for the Week:
Bohai Securities analysis pointed out that the economic data in September, except for the "real estate chain", basically confirmed the further improvement of the economy. Looking ahead, with the decline of the base and the further landing of counter-cyclical adjustment policies in the fourth quarter, the economic recovery trend is expected to continue. The current downturn in the market is mainly because the liquidity of A-shares has not been reversed, and the departure of northbound funds still has an impact on short-term market sentiment and weakens the role of other positive factors. However, since the Shanghai Index has broken through the August low, the market may choose to "break and then stand", investors should not be too pessimistic about this, and should wait for the market to stabilize.
More than 77 billion yuan of restricted shares with market capitalization were lifted
Wind data statistics show that this week (October 23-October 27) a total of more than 60 companies restricted shares have been lifted, according to the closing price on October 20, excluding new shares, the total market value of the lifting of the ban exceeded 77 billion yuan. In terms of the scale of lifting the ban, Changjiang Electric Power ranks first in terms of market value, with 17.979 billion yuan; Xiamen Bank, Changan Automobile and Metro design unbanned market value is more than 5 billion yuan, 7.877 billion yuan, 7.287 billion yuan and 5.318 billion yuan.
IPO opportunities
There are three IPOs issued online this week, including Shanghai Auto Parts on Monday, October 23, Belden Energy on Wednesday, October 25, and Mecca Xincai on Friday, October 27.
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Industrial Securities:In terms of thermal coal, under the normalization of tightening safety supervision, coal production in major producing areas has recovered slowly; as heating unfolds from north to south, downstream procurement demand is expected to be gradually released, supporting the steady operation of coal prices. In terms of coking coal, the price of coking coal production area followed the marginal decline of molten iron production, but the safety supervision of the production area on the supply side is still strict, the supply shortage will continue, and the price of coking coal is still supported. At present, the valuation of the coal sector is still at a low level, and it is recommended to pay attention to leading stocks with high dividends and certain upside potential at the margin. You can pay attention to: Yankuang Energy, Huaibei Mining, China Shenhua, Shaanxi Coal, Shanxi Coking Coal, etc.
Per reporter: Wang Fan, Liu Mingtao
Per editor: Zhang Yangyun Yuan Dong
Disclaimer: The content and data of the article are for reference only and do not constitute investment advice. Investors do so at their own risk.
