First, macro
1. The Ministry of Finance issued the "Operational Guidelines for the Adjustment of the Use of Special Bonds of Local Governments", which clarifies the relevant provisions on the adjustment of the use of special local bonds, emphasizing the insistence on not adjusting as the norm and adjustment as an exception; once the special bonds are issued, it is strictly forbidden to adjust the use of special bonds without authorization, and it is strictly forbidden to misappropriate and adjust later.
2. According to the news of the Ministry of Transport on November 11, the General Office of the Ministry of Transport issued a notice on printing and distributing the "14th Five-Year Plan for Transportation". The "Planning" proposes that by 2025, breakthroughs will be made in major legislative projects in key areas of transportation, and laws and administrative regulations such as "one law and two regulations" will be promulgated and implemented; a number of departmental rules that serve the high-quality development of transportation, ensure transportation safety, respond to the expectations of the people, and refine the implementation of the provisions of the higher-level law are issued and implemented; the quality of transportation legislation is further improved, and the comprehensive traffic law system is further improved at a higher level, higher level and higher quality. The role of legislative work in guiding, promoting, supporting and guaranteeing the reform and development of transportation has been further strengthened.
3. A few days ago, the Ministry of Natural Resources released data showing that China's marine economic recovery process is steady, and market demand is gradually picking up. According to preliminary calculations, the gross marine product in the first three quarters was 6.2 trillion yuan, an increase of 9.5% year-on-year. Marine emerging industries continue to recover rapidly. According to the relevant person in charge of the National Ocean Information Center of the Ministry of Natural Resources, the production and operation of the marine renewable energy utilization industry continued to improve, and the operating income of more than 80% of the key linked enterprises increased year-on-year; the new grid-connected capacity of offshore wind power was 2.15 million kilowatts, an increase of 166.0% year-on-year; the benefits of the marine pharmaceutical and biological products industry were good, and more than 70% of the operating income of key contact enterprises achieved a year-on-year increase。
4, the Financial Associated Press, November 11, there are market rumors that in order to cope with the downward pressure of the real estate market, the Shenyang Municipal Real Estate Bureau convened major housing enterprises on November 10, offline notice from November 11, to relax a series of real estate restrictions such as purchase restrictions and sales restrictions. In this regard, the relevant person of the Shenyang Municipal Real Estate Bureau told reporters today, "There is no such news, no relevant notice has been received." However, the reporter of the Financial Associated Press learned from a number of housing enterprises that the Shenyang Municipal Real Estate Bureau did convene a meeting of some housing enterprises yesterday to inform the housing enterprises that they would relax the policies such as purchase restrictions and sales restrictions, but would not issue red-headed documents.
Second, the market
1. At the Terminal Development Cooperation Forum of Tianyi Intelligent Ecological Expo, Lu Liangjun, deputy general manager of the marketing department of China Telecom (00728.HK), introduced in detail the development strategy of China Telecom terminals in 2022, which is mainly reflected in expanding scale, improving quality, expanding innovation and strengthening cooperation. Lu Liangjun said that in the new year, China Telecom will continue to expand the scale of all categories of terminals, and aim to achieve 5G terminal sales of 100 million, digital life terminals of 70 million, and industry terminals of 40 million in 2022. In addition, in 2022, China Telecom will invest 10 billion yuan in contract subsidies/incentive funds, 20 billion yuan in installment funds, and collect more than 300 full-category terminals, with a cumulative amount of 35 billion yuan.
2. According to the news of the Ministry of Transport on November 11, according to the statistics of the national online ride-hailing regulatory information exchange platform, as of October 31, 2021, a total of 251 online ride-hailing platform companies in the country have obtained business licenses for online ride-hailing platforms, an increase of 3 month-on-month; a total of 3.754 million online ride-hailing driver certificates and 1.455 million vehicle transportation certificates have been issued in various places, an increase of 4.4% and 2.6% respectively. The national online ride-hailing regulatory information exchange platform received a total of 691.758 million orders in October, up 6.6% month-on-month.
3) Decades of high inflation in the U.S. pushed gold higher, breaking through the key $1,834 resistance level, soaring to its highest level since June 16, before falling sharply back to $1,853 an ounce. Despite the renewed strength of the US dollar, gold prices rose sharply as soaring inflation enhanced gold's attractiveness as an inflation hedge.
4. Recently, 10 companies, including Dadi Electric, disclosed the "Indicative Announcement on the Public Offering of Shares to Unspecified Qualified Investors and Listing on the Beijing Stock Exchange", all of which stated that with the consent of the Beijing Stock Exchange, the company's shares will be listed on the Beijing Stock Exchange on November 15.
5. Fresh dairy products in Guangdong have embarked on the "green channel" and "zero waiting" directly to the Hong Kong market. According to the statistics of Luogang Customs, which belongs to Huangpu Customs, as of now, the customs has released 3.96 million bottles (boxes) of dairy products for Hong Kong, totaling 910.6 tons. "With the help of Luogang Customs, the fresh dairy products we export can be reported, checked and released immediately, which can be said to be a rapid export." Zhong Weiqiang, head of import and export at Guangzhou Kowloon Weiji Milk Co., Ltd., said.
3. Global
1. To reduce carbon dioxide emissions, the United States and China plan to cooperate in the following areas: support policies that effectively integrate high-proportion, low-cost, intermittent renewable energy; power transmission policies that effectively balance electricity supply and demand across a wide area; distributed generation policies that encourage the integration of solar energy, energy storage, and other clean energy solutions closer to the use of electricity; and energy efficiency policies and standards to reduce electricity waste.
2. Following a 1.7% month-on-month increase in September, UK house prices continued to rise in October, mainly due to the lack of new properties in the market and the shortage of houses for sale. According to the latest statistics from the Bank of Halifax, the average house price in the UK rose by 0.9% month-on-month in October to a record £270,027 (about $365,000). That puts current house prices 8.1 percent higher than they did last year, the highest year-over-year growth rate since June.
3. The U.S. Department of State said the Office of the U.S. Trade Representative would assess Cambodia's eligibility to receive Generalized System of GeneralIzed Treatment (GSP) benefits from the United States. According to the GSP, the United States allows up to 5,000 products from less developed countries to enter the U.S. market duty-free, with the goal of boosting economic growth in these countries.
4. The 2021 Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting was held by video recently. After the meeting, the participants issued a joint statement to reach consensus on a series of issues such as jointly responding to the NEW CROWN epidemic, promoting economic recovery, and promoting technological innovation. The statement said that the participants face up to the long-term and far-reaching impact of the epidemic in the region and the world, and emphasize that the epidemic should be controlled first and the safety of people's lives should be put first. The statement reaffirmed the importance of free barriers, low-cost circulation and equitable distribution of vaccines and other medical supplies within the APEC economy.
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November 12
Friday
Hit new calendar
Convertible bond subscription, listing, A-share subscription: None
【A-share listing】
Anlu Technology: The issue price is 26.00 yuan, the winning rate is 0.033%, and the issued market value is 1.303 billion yuan.
Jinpu Garden: The issue price is 12.36 yuan, the winning rate is 0.017%, and the issued market value is 326 million yuan.
Tianyima: The issue price is 48.66 yuan, the winning rate is 0.011%, and the issued market value is 573 million yuan.