On the evening of May 9, a large wave of AI and Chinese bull stocks announced the news of reducing their holdings. China Science Transmission announced that People's Post and Electronic News intends to reduce their holdings by no more than 7,905,000 shares (accounting for 1% of the company's total share capital); Rambler announced that the controlling shareholders intend to reduce their holdings of no more than 24.600 million shares, accounting for 2.77% of the total share capital of the company; Ouma Software announced that the eight directors, supervisors and senior personnel are expected to reduce their holdings by a total of no more than 3.2 million shares, accounting for 2.12% of the company's total share capital.
In response to the news of the supervision stationing on the 8th, Douyu officially responded on the 9th that it would actively cooperate with the inspection and guidance of the Hubei Provincial Internet Information Office working group, and conscientiously carry out in-depth content rectification and other work in accordance with regulatory requirements. At present, the operation of the Douyu platform is normal, and the content moderation mechanism of the platform will be further optimized.
Recently, Moutai (Guizhou) Private Equity Fund issued a recruitment announcement, which requires applicants for investment managers and other positions to be under the age of 30. It is worth noting that in the recruitment of Moutai Private Placement, except for the age requirement of fund legal manager is 32 years old and below, the age requirement for the other three positions is limited to 30 years old and below, and all of them need to have 2 years or more of relevant work experience in equity investment and other relevant work experience.
Recently, an internal notice of Jiangsu Yueda Kia Co., Ltd. showed that the company arranged management employees to take rotational leave in batches, and the first batch of rotational rest lasted up to one year, and Yueda Kia insiders confirmed the authenticity of the above notice. On May 9, the official response said that the change belongs to personnel optimization, and the marketing sector has been recruiting personnel.
A few days ago, the China Banking and Insurance Regulatory Commission approved BYD Automobile Industry Co., Ltd. to transfer 1 billion shares of Yi'an Property & Casualty Insurance Co., Ltd., with a shareholding ratio of 100%. Shenzhen Yinzhijie Technology Co., Ltd., Shenzhen Guanghui Petroleum Group Co., Ltd., Tibet Shengxinchuang Asset Management Co., Ltd., etc. no longer hold shares of Yi'an Property Insurance Co., Ltd.
Recently, the official news of Hefei Economic Development Zone said that Wen Yibai, President and CEO of Porsche Consulting Co., Ltd., visited Hefei. Market sources speculate that Porsche plans to build the first vehicle production plant in China in Hefei and localize it. In response, Porsche responded that Porsche (Shanghai) Consulting Co., Ltd. will carry out in-depth cooperation with Hefei Economic Development Zone to further accelerate the development of the park's autonomous driving industry.
According to the Tianyancha App, Shanghai Youornament Garment Co., Ltd. added a new information of the enforcee, with an enforcement target of 250,000 yuan, and the related case was Yang Zi and his online infringement liability dispute. Shanghai Youorai Garment is a wholly-owned investment company of Xinjiang La Chapelle Garment Co., Ltd. Yang Zi had signed a contract to endorse La Chapelle's branded clothing products, and the contract period was from November 26, 2016 to November 26, 2018, but until early 2021, the defendant still promoted Yang Zi as a product spokesperson. The incident caused heated discussions, and even rushed to the top of Weibo's hot search.
On May 9, the A-share market plunged in the afternoon, with the Shanghai Index and ChiNext Index both falling by more than 1%. By the close, the Shanghai Composite Index was down 1.1%, the Shenzhen Component Index was down 0.9%, and the ChiNext Index was down 1.21%. The turnover of Shanghai and Shenzhen was 1,221.8 billion yuan, an increase of 84.9 billion yuan over the previous trading day.
Northbound funds bought a net of 983 million yuan on May 9. China Construction Bank, Ping An of China and Wuliangye received net purchases of RMB475 million, RMB470 million and RMB299 million respectively. Gree Electric Appliances led the way in net sales, amounting to 336 million yuan.
Southbound funds bought a net HK$940 million on May 9. In terms of Hong Kong Stock Connect (Shanghai), PetroChina and Tencent Holdings received net purchases of HK$498 million and HK$253 million respectively; China Construction Bank was net sold by HK$214 million, while China Shenhua and CNOOC received net purchases of HK$322 million and HK$150 million respectively. SMIC was sold a net HK$327 million.
As of the close of trading on May 9, the price-to-book ratio of nearly 140 net-breaking stocks in the A-share market has been repaired to more than 1 times during the year, of which 86 are state-owned enterprise stocks, accounting for nearly 63% of the total. In terms of specific stocks, the average market value of these more than 80 shares is nearly 60 billion yuan, including PetroChina, Sinopec, China Telecom, CRRC, CRRC and other weight leaders.
On May 9, in accordance with the Rules for Self-Discipline in the Interbank Bond Market, NAFMII launched a self-discipline investigation into suspected violations in the issuance of financial bonds by the Export-Import Bank of China and suspected violations in the underwriting business of China Minsheng Bank Co., Ltd.
The performance of the public REIT market this year was sluggish, and after many REITs fell out of high discounts, some products were overweighted or self-purchased. Following the increase in the holdings of the original equity holders, the public REITs were first purchased by the fund manager. Huaxia Fund announced on May 9 that it will invest no more than 30 million yuan in CCCC REIT and hold it for no less than 6 months.
According to data from the General Administration of Customs, in the first four months, ASEAN was the mainland's largest trading partner, with a total trade value of 2.09 trillion yuan, an increase of 13.9%, accounting for 15.7% of the mainland's total foreign trade value. The EU is the second largest trading partner of the mainland, with a total trade value of 1.8 trillion yuan, an increase of 4.2%, accounting for 13.5%. In the same period, the mainland's total imports and exports to countries along the "Belt and Road" amounted to 4.61 trillion yuan, an increase of 16%.
On May 9, the Ministry of Commerce announced that from May 10, 2023, anti-dumping duties will continue to be imposed on imported neoprene rubber originating in Japan, the United States and the European Union, with an implementation period of 5 years.
The Ministry of Industry and Information Technology and other five departments issued an announcement on the 9th that from July 1, 2023, the China VI emission standard 6b stage will be fully implemented nationwide, and the production, import and sale of cars that do not meet the China VI emission standard 6b stage are prohibited. For some of the China VIB models of light vehicles such as "monitoring only" and other light vehicle test reports, a half-year sales transition period will be granted and sales will be allowed until December 31, 2023.
According to data from the Passenger Association on the 9th, the retail sales of passenger cars reached 1.63 million units in April 2023, a year-on-year growth rate of 55.5% and a month-on-month increase of 2.5%, which is also one of the only two positive month-on-month growth since 2010. Retail sales of NEVs in April reached 527,000 units, up 85.6% y/y and down 3.6% m/m.
On May 9, Zhang Li, president of the China Electronics Information Industry Development Research Institute, said that by the end of 2022, the scale of the mainland's ultra-high-definition video industry exceeded 3 trillion yuan, of which Guangdong Province exceeded 600 billion yuan. Up to now, 8 4K channels and 2 8K channels have been opened nationwide.
On May 9, data from the General Administration of Customs showed that China's steel exports were 7.932 million tons in April and 7.89 million tons in March; China's rare earth exports were 4,574 tons in April and 4,446 tons in March; and China's refined oil exports were 3.746 million tons in April and 5.452 million tons in March.
Recently, the China Academy of Information and Communications Technology released the "Global 5G Standard Essential Patents and Standard Proposal Research Report (2023)". Among the top 10 companies in the effective global patent family, Chinese companies accounted for 5, an increase of 1 from last year. The top ten lists are: Huawei, Qualcomm, Samsung, ZTE, LG, Nokia, Ericsson, Datang, OPPO and Xiaomi, and Apple is not in the top ten.
According to data released by the National Bureau of Statistics, in 2022, the average annual salary of urban non-private employees nationwide will be 114029 yuan, an increase of 6.7% over the previous year, the growth rate is 3.0 percentage points lower than that in 2021, and the actual increase is 4.6% after deducting price factors; the average annual salary of urban private employees will be 65,237 yuan, an increase of 3.7% over the previous year.
The Housing Provident Fund Management Center of Hanzhong City, Shaanxi Province issued a notice on the 9th. It is proposed that according to the current regulations of housing provident fund loans in Hanzhong City, the maximum loan amount for single-depositing families with many children will be increased to 700,000 yuan, and the maximum loan amount for families with multiple children of double-deposited employees will be increased to 800,000 yuan.
The three major indexes of U.S. stocks closed down collectively, with the Dow down 0.17%, the NASDAQ down 0.63%, and the S&P 500 down 0.46%.
Popular Chinese concept stocks fell, with the Nasdaq China Golden Dragon Index down 2.22%. Tencent Music, Xpeng Motors, NetEase fell more than 4%, Weibo fell more than 3%, and Baidu, Bilibili and iQiyi fell more than 2%.
Major indices of European stocks closed mixed, with Germany's DAX up 0.02%, Britain's FTSE 100 down 0.18% and France's CAC 40 down 0.59%.
WTI crude oil futures for June ended up 0.75% at $73.71 a barrel; Brent crude futures closed up 0.56 percent at $77.44 a barrel.
COMEX gold futures for June ended up 0.48% at $2,042.90 an ounce.
ECB Executive Director Schnabel said a rate cut is highly unlikely in the foreseeable future.
Fed President Williams hinted at being open to the June interest rate decision and said he would keep a close eye on credit conditions. Williams said the Fed would raise rates again if needed.
The U.S. Energy Information Administration (EIA) expects Brent crude oil prices to be $78.65/b in 2023 (previously expected at $85.01) and $74.47/b in 2024 (previously expected at $81.21).
European Commission President von der Leyen said after arriving in Kiev, the capital of Ukraine, on the 9th local time that the EU will continue to put pressure on Russia and increase sanctions against Russia. Von der Leyen said that the focus now is on strict implementation of sanctions and measures to prevent circumvention of sanctions, and the EU shares Ukraine's goal in closing loopholes.
On May 9, CCTV News quoted Pakistani media as reporting that former Pakistani Prime Minister Imran Khan was arrested on the same day.
On May 9, Bank of America lowered its global oil consumption growth forecasts for 2023 and 2024 to 1.2 million b/d and 1 million b/d; Lowered the 2023 Brent average price forecast to $80 per barrel.
Recently, Sam Altman, co-founder of the artificial intelligence agency development agency OpenAl, launched a new product - the crypto wallet World App. As the first consumer product launched by Worldcoin, World App is built on the Ethereum sidechain Polygon, which anyone can download and use at any time.
According to SimilarWeb statistics, ChatGPT received 1.76 billion visits worldwide last month, surpassing other international search engines such as Bing and DuckDuckGo, and reaching 2% of Google and 60% of Baidu. ChatGPT visits grew 12.6% in April, compared to 55.8% in March, 62.5% in February and 131.6% in January.
On May 9, according to the National Highway Traffic Safety Administration, Volkswagen is recalling some 2021-2022 ID.4 models, a total of 35,325 vehicles. The reason for the recall is that the affected vehicles may have allowed water to enter the circuit board assembly during the production process, which could cause the doors to open unexpectedly.
The Australian Broadcasting Corporation reported on the 9th that so far this year, there have been more than 32,000 confirmed cases of influenza in Australia, almost five times that of the same period last year, but the vaccination rate of children is only 6%.
According to the results of the 2022 annual household income and expenditure survey released by the Ministry of Internal Affairs and Communications on the 9th, the average monthly consumption expenditure of each household with more than two people is 293671 yen (about 15,000 yuan), which is actually an increase of 0.7% over the previous year after excluding price changes, an increase for two consecutive years.
IBM CEO Arvind Krishna said the company expects to suspend hiring for positions that may be replaced by artificial intelligence in the coming years, and that hiring in IBM's back-office functions such as human resources will be suspended or slowed, involving about 26,000 non-customer-facing positions.
Haitian shares: Hebang Group intends to reduce its shareholding by no more than 6%.
Oriental Pearl: Since March 22, 21.786 million A shares of Industrial Fortune Union have been sold.
Lushang Development: The abbreviation of securities is proposed to be changed to "Freda".
CRRC: The contract amount signed from January to May is about 24.25 billion yuan.
Aerospace Electromechanical: It is planned to transfer 70% of Turkey's photovoltaic equity of not less than 34.3 million yuan.
Simei Media: Signed a strategic cooperation agreement with Zhipu Huazhang to explore the commercialization mode of Zhipu large model.
Tongda shares: It is planned to raise an additional capital of no more than 650 million yuan.
Metro Holdings: Contracted sales in April decreased by 20.67% year-on-year.
Chuanheng shares: 2022 annual profit distribution of 10 pai 7 yuan, equity record date May 15.
Lingxiao Pump Industry: 2022 annual equity distribution of 10 payouts of 10 yuan, equity record date May 16.
Microlight shares: 2022 equity distribution of 10 payouts of 5 yuan, equity record date May 16.
Chenfeng Technology: The controlling shareholder and actual controller of the company will be changed to Ding Min.
*ST Blu-ray: The company's shares reached the situation of trading delisting, and trading was suspended from May 10.
Zhongke Environmental Protection: Change the general manager to Tong Lin.
Hubei Energy: Plans to issue convertible bonds to raise no more than 6 billion yuan.
China Merchants Shekou: The signed sales amount in April increased by 169.11% year-on-year.
Jinzheng shares: planning to purchase 90.97% of the shares of Wenhua Finance, and the stock trading is suspended.
Onli Education: Jiaotong University Industrial Group and Jiaotong University Enterprise Management Center intend to reduce their holdings by no more than 2%.
Gao Hong shares: The Telecommunications Research Institute intends to reduce its holding of no more than 2% of its shares.
Rongxin Culture: It will cooperate with iFLYTEK to build an intelligent reading service system.
Visual China: Shareholder Liang Jun recently reduced his stake in the company by a total of 1.28%.
ST Sugon: Total vehicle sales in April were 68 units, up 44.68% y/y.
Guoguang: It is required to specify whether the smart audio service is equipped with applications such as ChatGPT.
Tongfu Microelectric: 184 million restricted shares will be lifted on May 15.
Pulian Software: 2022 equity distribution 10 to 4 3 yuan, equity record date May 16.
China Dynamics: Chairman Zhou Zongzi resigned, Li Yong took over.
14:00 German CPI April final m/m
20:30 US April unseasonally adjusted CPI annual rate, US April quarterly adjusted CPI monthly rate, US April unseasonally adjusted core CPI annual rate
This article is from China Fortune Network