December 8 Investment Lightning Rod: After a 44.86% surge in four days, the company said it had not developed EDR-related products for passenger cars

Introduction: 1, Securities Daily issued an article saying that the ST stock surge market is not sustainable; 2, Tianmai Technology has not developed EDR related products for passenger cars at present; 3, the Economic Daily issued a document that should strictly control and support the illegal entry of real economy loans into the property market; 4, Zhejiang Commercial Asset Management was suspended from filing private asset management products for 6 months; 5, the Banking and Insurance Regulatory Commission is identifying the illegal facts of individual bank certificates of deposit pledge cases; 6, EIA lowered the global crude oil demand expectations and price expectations.

Economic information

1. Securities Daily commented that on December 7, the number of companies in the ST sector was as high as 45, while only 97 companies in the A-share market closed at the limit price on the same day, and the proportion of ST companies reached 46.39%. In the face of irrational fluctuations in the stock prices of some ST companies, the regulatory authorities attach great importance to it, and in the past 7 days, 9 ST companies have received letters of concern, and even 4 companies have issued announcements saying that they have been investigated by the CSRC. According to past experience, December is often the last opportunity for a group of *ST to seek a turnaround, and some companies use asset donations, performance, trading and other ways to avoid delisting. However, with the implementation of the new delisting rules this year, shell companies that do not have the ability to continue to operate will undoubtedly usher in the most difficult year.

2, the Economic Daily published a commentary article said that "the house is used to live, not to speculate" This positioning will not change, and speculators who still have the psychology of speculating should give up their illusions. Relevant regulatory departments should continue to adhere to the positioning of "housing and not speculation", increase supervision, and strictly control the illegal entry of loans used to support the real economy into the property market.

3. It was learned from the person in charge of the relevant department of the CBRC that for the case of the pledge acceptance of third-party certificates of deposit of individual commercial banks, the CBRC has dispatched a supervision working group to carry out on-site investigation and supervision for the first time in the early stage, and requires the head office of the bank involved to enter the relevant branches synchronously to carry out a comprehensive risk investigation of the relevant bill business. At present, the regulatory authorities are stepping up the work of identifying the facts of violations and solidifying the evidence.

4. The Financial Times, the head of the central bank, issued a statement that Chinese Min min bank announced that it will cut the reserve requirement ratio of financial institutions by 0.5 percentage points on December 15, 2021. First of all, the RRR cut released a signal of steady growth. The central bank's announcement of a comprehensive RRR cut of 0.5 percentage points can play a role in alleviating the downward pressure on the economy and providing a favorable monetary and financial environment for stabilizing macroeconomic operations at the end of this year and early next year. Second, the RRR cut will enhance the ability of financial services to the real economy, especially small and medium-sized enterprises. Third, the liquidity released by the RRR cut is controllable and does not represent a shift in monetary policy. The total amount of liquidity released by the RRR cut is moderate, which will not produce a "flood irrigation" effect, nor does it represent a change in the orientation of prudent monetary policy. Fourth, the RRR cut reflects the "self-centeredness" of China's monetary policy.

Company Alerts

1. *ST Chengxing: Due to suspected letter violations, the CSRC filed a case against the company and the controlling shareholder.

2. Zheshang Securities: Zheshang Asset Management was suspended from filing private asset management products for 6 months.

3. Jiaozuo Wanfang: The company received a letter of concern, requesting Dongxing Securities to explain the compliance of the decision to terminate the fixed increase.

4. Tianmai Technology: At present, no EDR related products have been developed for passenger cars.

5. Saiwu Technology: Shareholders Dongyun Venture Capital and Yinhuang Investment intend to reduce their holdings by no more than 7% of the company's shares.

6. MMS shares: A number of shareholders intend to reduce their holdings by a total of not more than 3.49%.

7. Double Star New Material: Shareholder Wu Di intends to reduce his shareholding by no more than 2.55%.

8. Chinese Online: Shareholder TusS Huachuang and its controlling shareholders intend to reduce their holdings by no more than 1.59%.

9. Lihewei: Director Feng Zhengang intends to reduce his holdings by no more than 600,000 shares.

10. Hengwei Technology: Hengtuo Partners intends to reduce its holdings by no more than 1.8 million shares.

11. Shenghe Resources: Director Wang Xiaohui intends to reduce his holdings by no more than 5 million shares.

12. Nanjing Julong: Shareholders intend to reduce their holdings by no more than 1.8% of the company's shares.

13. Tony Electronics: Some executives intend to reduce their holdings by a total of not more than 140,200 shares.

14. Shandong Glass Fiber: Some directors and supervisors intend to reduce their holdings by a total of not more than 1.195 million shares.

15. Xianggang Technology: Dong Jianjun, the controlling shareholder and actual controller, and his co-actor Xiangwan Investment intend to reduce their holdings of not more than 2% of the company's shares.

16. Ruisong Technology: Vice Chairman Yan Xuetao intends to reduce his holdings by 207,088 shares.

17. Sanxiang New Material: Some directors and executives intend to reduce their holdings by a total of not more than 80,000 shares.

18. *ST Is Easy to See: A total of 45 bank accounts with subsidiaries were frozen, involving a total amount of 718 million yuan.

19. Xilong Science: Plans to transfer 60% of the equity of Akwei Biologics for 504 million yuan.

20. Guangdong Hydropower: 73.62% of the shares of the Academy of Construction Science and Technology will be transferred to Construction Engineering Holdings without compensation.

21. Jujie Microfiber: Subsidiary Jujie New Materials was ordered to correct illegal sewage discharge.

22. Shijia Photon: Zhu Hongliang, a core technical personnel, left his job.

23. Shangpin Home Delivery: The Shenzhen Stock Exchange terminated the review of the company's application for fixed increase.

24. Joyvo Food: The Shenzhen Stock Exchange terminated the review of the company's application for increase.

Overseas alerts

The U.S. Energy Information Administration (EIA) short-term energy outlook report released Tuesday projects total global crude oil consumption at 96.91 million barrels per day in 2021, compared with 97.53 million barrels per day; WTI crude oil in 2021 is expected to be $67.87 per barrel (previously $69.02).

According to Nikkei, Apple was forced to lower its total production target for 2021, and the output of Apple's iPhone 13 series in September and October fell by 20% compared with the previous plan. Apple's iPhone 13 production by the end of the year is only 83 million to 85 million units, well below its ambitious target of 95 million units; although Apple accelerated production in November, production is still about 15 million less than its target of 230 million iPhones this year.

3) Goldman Sachs CEO Solomon said on CNBC's show on Tuesday: "We don't expect the return on stocks and many other assets to be the same as it has been in the coming years." He argues that investors should not expect the bull market in stocks and other assets to continue, and recommends appropriate risk management.