"CV Morning Reading" Ningde era four days market value evaporated more than 170 billion, Ceibal Fund responded to Gülen products were huge redemption

Global markets

1, U.S. stocks fell across the board, chips, Internet technology stocks dragged down the NASDAQ fell more than 2%

The Dow fell 1.47% to 35241.59 points, the S&P 500 index fell 1.81% to 4504.08 points, and the NASDAQ fell 2.1% to 14185.64 points. The U.S. CPI hit its highest since 1982 in January, and expectations of a fed rate hike were high. Amgen fell 3.5 percent, Microsoft fell nearly 3 percent, and Home Depot and Cisco fell more than 2.5 percent, leading the Dow. Disney rose 3.4 percent. Tech stocks fell sharply, with Apple and Google falling more than 2 percent and Tesla down nearly 3 percent. Chip stocks fell hard, with AMD and Qualcomm falling more than 5%.

2) ARM is most likely to be listed on the NASDAQ: it will deal a major blow to the London Stock Exchange

According to reports, SoftBank Group CEO Masayoshi Son said that ARM is likely to choose to list on the NASDAQ rather than the Uk mainland. Analysts say it will be a major blow to the Uk government and the London Stock Exchange. Over the years, many Uk businesses have gone public in New York. These companies believe that higher valuations can be achieved on the NASDAQ or the New York Stock Exchange. Currently, the nasdaq exchange's most valuable tech companies include Apple, Microsoft, Amazon, and Alphabet, all with market capitalizations of more than $1 trillion. By comparison, the most valuable tech companies on the London Stock Exchange are valued at less than $50 billion.

3. Musk was elected a member of the American Academy of Engineering

The American Academy of Engineering released the list of additional academicians of the National Academy of Engineering in 2021, of which Tesla and SpaceX CEO Elon Musk were selected. Musk retweeted the NAE Tweet article to say "thank you very much." As for the reasons for the selection, NAE wrote that SpaceX founder, CEO and principal engineer Musk made breakthroughs in the design, engineering, manufacturing and operation of reusable launch vehicles and sustainable transportation and energy systems. (Sina Technology)

4. The new policy of Microsoft App Store shows an open attitude: to ensure that the Activision Blizzard transaction is approved

Microsoft reportedly announced a number of operational commitments on the digital store on Wednesday to show a friendlier approach to external developers, thus ensuring that its $68.7 billion acquisition of Activision Blizzard was successfully approved. Brad Smith, microsoft's president and vice chairman, said Microsoft would not use non-public information from the app store to compete with other developers' products. The company's principles also reveal that it will allow all standards-abiding developers to use its app store, adopt consistent app store marketing rules, and will not favor apps from Microsoft and its partners.

5. Twitter's fourth-quarter net profit was $182 million, down 18% year-on-year, and it plans to repurchase $4 billion of shares

Twitter announced its fourth quarter and full year 2021 financial results. In the fourth quarter, Twitter's revenue was $1.57 billion, up 22% year-over-year. Net income was $182 million, compared to a net profit of $222 million for the year-ago quarter. For the entire year of 2021, Twitter's revenue was $5.08 billion, up 37% year-over-year. Net loss was $221 million. In addition, Twitter's board of directors has approved a new $4 billion share repurchase program that takes effect immediately and replaces the previously approved $2 billion plan that began in 2020.

6. Disney's revenue increased by 34% year-on-year, and the revenue of park resorts reached a new high

Disney released its fiscal first quarter 2022 report, boosted by Disney's theme park and resort business, with fiscal first-quarter revenue of $21.82 billion, up 34% year-over-year. Among them, theme park, experience and product revenue doubled to $7.2 billion year-on-year, and operating profit jumped to $2.5 billion, compared with a loss of $100 million in the same period last year.

7. Intel CEO: Chip supply is expected to remain tight until 2023

Intel CEO Pat Gelsinger said the company expects chip supply to remain tight at least until the end of 2023, when the supply situation will improve in 2025-2030, when Intel and other manufacturers will increase fab production to meet growing demand and technology upgrades.

Domestic market

1. ChiNext index fell nearly 2% Net purchases of shanghai stock connect exceeded 5 billion

The Shanghai Composite Index rose 0.17% to 3485.91 points, the Shenzhen Component Index fell 0.73% to 13432.07 points, the ChiNext Index fell 1.98% to 2826.52 points, and the market traded 0.94 trillion yuan throughout the day. On the disk, the coal plate struggled to lift in the afternoon, Jizhong Energy rose and stopped, and China Shenhua hit a new high for many years. Pork, soda ash, duty-free shop sectors are strong, and large infrastructure central enterprises, cement, insurance, petrochemical sectors are also active. WuXi AppTec fell more than 7% again, cro, "Ning combination" under pressure; the photovoltaic sector once again bottomed out. Northbound funds bought a net of 4.52 billion yuan throughout the day today, of which the Shanghai Stock Connect net bought 5.271 billion yuan and the Shenzhen Stock Connect net sold 750 million yuan.

2. The Hong Kong HSI closed up 0.38%, and real estate stocks and non-ferrous metal stocks rose

The Hang Seng Index closed up 0.38% at 24924.35 points, the Hang Seng Technology Index rose 0.56% at 5666.99 points, the Hang Seng State-Owned Enterprises Index rose 0.76% to 8789.92 points, and the market traded HK$129.13 billion. Nonferrous stocks continued the recent strong upward momentum, minmetals resources rose 11%, Jiangxi Copper, Zijin Mining and other significant gains. The real estate and consumer sectors strengthened, with Shimao Group and Sunac China rising more than 10%. The pharmaceutical and health care sector continued its downward trend, with JD Health falling more than 9% and WuXi Biologics falling more than 5%.

3. National Health Commission: There were 56 new locally confirmed cases yesterday: 33 in Guangxi, 22 in Liaoning, and 1 in Guizhou

The National Health Commission announced that on February 10, 31 provinces (autonomous regions and municipalities directly under the Central Government) and the Xinjiang Production and Construction Corps reported 101 new confirmed cases. Among them, there were 45 imported cases (15 cases in Guangdong, 12 cases in Shanghai, 10 cases in Fujian, 3 cases in Zhejiang, 2 cases in Guangxi, 1 case in Tianjin, 1 case in Shandong, and 1 case in Yunnan), including 10 cases from asymptomatic infected people to confirmed cases (6 cases in Guangdong, 2 cases in Zhejiang, and 2 cases in Guangxi); 56 cases in local cases (33 cases in Guangxi, all in Baise City; 22 cases in Liaoning, including 21 cases in Huludao City, 1 case in Shenyang City; 1 case in Guizhou City, in Tongren City). There were no new deaths. There were no new suspected cases. There were 66 new asymptomatic infected patients, including 61 imported from abroad and 5 cases in China (2 cases in Liaoning, both in Shenyang City; 2 cases in Heilongjiang, both in Heihe City; 1 case in Jiangsu Province, in Suzhou City).

4. The market value of the Ningde era evaporated by more than 170 billion yuan in four days

On February 10, the stock price of CATL fell again by 5.32% to close at 518.10 yuan, and the intraday stock price once fell below the 500 yuan mark. In the four trading days after the Spring Festival holiday, the Ningde era, known as the "King of Ning" in the industry, fell by nearly 15% in four days. In the four trading days after the holiday, the market value of the Ningde era evaporated by more than 170 billion yuan.

5. Many of Cedar Holdings' products are overdue, with an amount of nearly 20 billion yuan

Cedar Holdings, the "first private enterprise in Guangzhou", was questioned by many investors about the overdue payment of trust products. According to relevant investors, since the end of March 2021, cedar holdings' Cedar Trust's Evergreen, Changtai and other products have been overdue, involving nearly 8,000 investors across the country, with an amount of nearly 20 billion yuan.

6. CEIBS Fund responds to the huge redemption of Gülen products: false news, please do not believe the rumors

There are rumors pointing to Gülen, saying that there are large insurance funds, wealth management, FOF special accounts and other redemptions of Gülen's products amounting to 40 billion, mainly for new energy, of which the Cataline era redemption is the highest. To this end, the CeIBS Fund responded that the "large redemption" spread on the Internet is false news, please do not believe the rumors.

7. Tencent adjusts the content business sector, and the main body of Tencent Pictures adjusts into the enterprise development business group

The main part of Tencent Pictures will be adjusted from PCG (Platform and Content Business Group) to CDG (Enterprise Development Business Group), while Cheng Wu, Vice President of Tencent Group and CEO of Yuwen, will continue to lead this business segment. After this adjustment, Tencent Pictures will focus on the development of the melody of the times, and the original IP film and television development work of Tencent Pictures will be entrusted to Xinli Media, Reading Film and Television under Reading Group, and Tencent Animation under PCG.

8. Many education companies such as Good Future and Gaotu will reduce their high school business

After the official landing of the high school subject training restrictions, the high school business department of the Good Future Xueersi Online School will be reduced by about 70%, and Ape Tutoring has also recently closed a number of local counseling centers, and the original dozen centers are only 4 in Xi'an, Wuhan, Zhengzhou and Shenyang. A senior high-ranking officer said at least half of the high school's more than 5,000 employees will leave. (Late Finance)

9. Shenzhen Medical Insurance Bureau reported the AstraZeneca insurance fraud incident: 17 people were arrested

Shenzhen Medical Insurance Public Account released a brief case report on AstraZeneca's suspected fraud of medical insurance: In July 2021, the Shenzhen Municipal Medical Insurance Bureau verified and found that AstraZeneca staff were suspected of fraud and insurance fraud based on the report, and then under the guidance of the National Medical Insurance Bureau, jointly with relevant units to investigate and handle the case; after meticulous work, a fraud gang suspected of tampering with the genetic test results of tumor patients to defraud the medical insurance fund was smashed, 17 people involved in the case were arrested, and all criminal compulsory measures were taken in accordance with the law. (Financial Sector)

10. SMIC's revenue in 2021 will set a record, ranking fourth in the world

According to the latest financial report released by SMIC, the company's total revenue in 2021 hit an all-time high of $5.4431 billion, ranking fourth in the world, and with a revenue growth rate of 39%, it became the world's top four fastest-growing wafer foundries. (Sina Finance)

11. McDonald's filed a trademark application for the Meta-Universe "Virtual Restaurant"

McDonald's filed a trademark application for a metaverse-based virtual restaurant, including "operating a virtual restaurant featuring real and virtual goods" and "operating an online virtual restaurant offering door-to-door delivery services," becoming the latest company to apply for trademark registration for virtual goods and services in the metaverse world. The company also plans to register trademarks in its virtual McCafe for "online real and virtual concerts" and other entertainment services.

12. State Administration of Radio, Film and Television: The total remuneration of actors shall not exceed 40% of the production cost, and the remuneration of starring films shall not exceed 70% of the total remuneration of actors.

The State Administration of Radio and Television issued the "14th Five-Year Plan" China Television Drama Development Plan. Strictly deal with actors and relevant institutions that have violated laws and regulations such as tax evasion, "yin and yang contracts", and "sky-high film remuneration", and strictly implement the provision that the total remuneration of all actors in each TV series shall not exceed 40% of the production cost, and the remuneration of the main actors shall not exceed 70% of the total remuneration. (Zhongxin Jingwei)

IPO/Blockbuster Deal

1. Lepu Biotech is listed in Hong Kong, with Weiwu Capital as the cornerstone, and is expected to be listed on February 23

Lepu Biotech announced that it intends to offer 127 million shares globally, with another 15% over-allotment shares; the IPO from 10 February to 15 February 2022, with an expected pricing date of 15 February; the offer price of HK$6.87-7.38 per share offer; CICC and Morgan Stanley, as joint sponsors, are expected to officially land on the Hong Kong Stock Exchange on 23 February. Lepu Biotech is a biopharmaceutical company focusing on the field of tumor treatment.

2. "Beta Data" completed tens of millions of dollars in Series B+ financing, led by SoftBank Asia

Beta Data, a SaaS service platform for digital operations of financial institutions, announced the completion of tens of millions of dollars in Series B+ financing. The round was led by SoftBank Asia Ventures, followed by veteran shareholders SIG and Lightspeed China. The financing will be used to increase product research and development and expand the service network, and build a digital overall solution for financial institutions with marketing, investment advisory and management as the core.

3. "Cheng Tian Technology", an exoskeleton technology developer, announced the completion of a round of financing of 100 million yuan A+ and led by Dachen Caizhi

This round of financing is led by Dachen Caizhi, followed by Anxin Securities and Poly Capital, and the old shareholder Lanchi Venture Capital continues to invest, and Potential Capital serves as the exclusive financial adviser for this financing. ChengTian Technology is committed to the research and development and application of the underlying technology of exoskeleton robots.

4. The supplier of new energy vehicle electrical system "Zhilu Technology" completed a new round of financing of 100 million yuan, led by Xiaomi

Recently, the new energy vehicle electrical system supplier "Smart Green Technology" announced the completion of a new round of financing of 100 million yuan. This round of financing is led by Xiaomi, yonghua investment, Yuanhe Holdings, leading venture capital and other institutions to follow the investment, the funds raised will be used for high-voltage connection and high-voltage distribution management solutions research and development investment, expand the scale of production, improve the commercial layout.

5. Process mining company "Wangfanxin Technology" completed tens of millions of yuan A round of financing, led by Hillhouse Venture Capital

Domestic process mining company "Wangfanxin Technology" recently completed tens of millions of yuan A round of financing, led by Hillhouse Venture Capital. According to reports, this is the third round of financing completed within one year of the establishment of Wangfanxin Technology. This round of financing will accelerate the functional upgrade of the "digital footprint" of Wangfanxin's process mining product, optimize the operation panel, and improve the application and upgrade of the digital footprint in various scenarios.