Per editor: Yang Jian
NO.1 On May 25, Minister of Commerce Wang Wentao met with US Secretary of Commerce Raimondo in Washington during the APEC Trade Ministers' Meeting in the United States. The two sides had frank, professional and constructive exchanges on China-US economic and trade relations and economic and trade issues of common concern. The Chinese side expressed key concerns on the US economic and trade policy, semiconductor policy, export control, and foreign investment review towards China. The two sides agreed to establish communication channels to maintain and strengthen exchanges on specific economic and trade concerns and cooperation matters.
NO.2 On May 26, the Shanghai Stock Exchange announced that the adjustment of the samples of the SSE 50, SSE 180, SSE 380, Science and Technology Innovation 50 and other indices will take effect after the market closes on June 9. Among them, 5 samples were replaced by the SSE 50 Index, 18 samples were replaced by the SSE 180 Index, 38 samples were replaced by the SSE 380 Index, and 2 samples were replaced by the Science and Technology Innovation 50 Index. The SSE 50 Index has newly transferred 5 companies: China Telecom, China Unicom, TBEA, Kingsoft Office and China Railway; The SSE 180 Index was newly transferred to JinkoSolar, Goodway, Western Superconductor and other companies; The SSE 380 Index replaced 38 samples, of which 15 were newly transferred to the STAR Board; The Science and Technology Innovation 50 Index was transferred to 2 samples of BGI Intelligent Manufacturing and China UAV.
NO.3 On May 26, China Eastern Airlines App showed that on May 28, the flight plan of the first commercial flight of China Eastern C919 was announced, with a flight time of MU9191 Shanghai Hongqiao - Beijing Capital, with a planned flight duration of 2 hours and 25 minutes. According to the Aviation Travel App, the C919 passenger aircraft flew a total of 14 cities in China, with 107 flights, a flight duration of 171 hours, a flight mileage of nearly 140,000 kilometers, and a daily flight duration of 7.64 hours. According to surging news reports, Li Yangmin, vice chairman and general manager of China Eastern Airlines, said at the performance briefing that "we are very confident in C919!" "C919 will be commercially operated from Shanghai.
NO.1 On May 26, at the plenary meeting of the 2023 Zhongguancun Forum, Xu Xiaolan, vice minister of the Ministry of Industry and Information Technology, said that it is necessary to strengthen industrial infrastructure reengineering and major technical equipment research, accelerate breakthroughs in core basic components, core basic components, advanced basic processes, key basic materials, basic software, etc., gather efforts to break through the "root" technology of intelligent industries such as intelligent chip algorithm framework and large model, accelerate and improve the construction layout and quality of manufacturing innovation centers, and strengthen the construction of new infrastructure. The foundation of real industry development. Robin Li, founder, chairman and CEO of Baidu, said, "We are at a new starting point, which is a new era of artificial intelligence with big models as the core, big models have changed artificial intelligence, and big models are about to change the world."
Comments: In the process of the rapid development of artificial intelligence technology, there may indeed be a direction that is unfavorable to human beings. To prevent loss of control, countries with advanced AI technology need to work together to formulate rules from the perspective of a community with a shared future for mankind. "To participate in the formulation of the rules, you must first go to the card table before you can have a voice, and then you can have a ticket to the global competition." From the perspective of recent policies, the early Politburo meeting first mentioned general artificial intelligence, and then the Central Financial and Economic Commission emphasized grasping the wave of new scientific and technological revolutions such as artificial intelligence, and the State-owned Assets Supervision and Administration Commission also clearly proposed to attach importance to the development of general artificial intelligence. This series of statements reflects the importance that the top management attaches to artificial intelligence, and the application of artificial intelligence has broad prospects. Concept stocks include Tolls, Kunlun Wanwei, Chinese Online and so on.
NO.2 Recently, the Internet Society of China issued an announcement that with the open source of deep synthesis technology, deep synthesis products and services have gradually increased, and illegal acts of fraud and slander using fake audio and video such as "AI face change" and "AI voice change" are common. The general public needs to be vigilant and strengthen prevention. In fact, the chaos in the development of the AI industry has attracted attention recently, and how to ensure the healthy and sustainable development of artificial intelligence is being widely discussed in the industry. Experts interviewed generally believe that the abuse of "AI face changing" technology has sounded the alarm for financial institutions, and its complexity, concealment, and suddenness have put forward higher requirements for the identification and application of science and technology of institutions.
Comments: The Economic Daily article said that AI face changing technology breaks the traditional perception that seeing is believing, if not intervened, with the iterative upgrading of technology, AI face changing may become more realistic, the difficulty of anti-fraud and anti-fraud will further increase, and the transaction cost caused by identity verification will also increase. Technology developers, platform operators and regulatory authorities have the responsibility to plug loopholes and prevent the barbaric growth of AI faces. It is necessary to draw a red line for AI face changing technology. At present, the governance of generative artificial intelligence has said goodbye to the impossible. It is necessary to eradicate the soil on which AI face-swapping scams depend. It is necessary to eradicate the soil on which AI face-swapping scams depend. Favorable to the AI security concept sector, concept stocks include Tolls, NSFOCUS Technology, Meiyapaike and so on.
NO.3 On May 26, Musk's brain-computer interface company Neuralink officially announced that the first human clinical trial was approved by the US Food and Drug Administration (FDA). According to Musk, Neuralink is designing a device that translates brain signals into action, and will first focus on two applications: one to restore human vision, the other to help people who cannot move muscles to control devices such as smartphones, and even restore the whole body function of people with spinal cord damage. In addition, Li Wenyu, Secretary-General of the Brain-Computer Interface Development Alliance of the Chinese Academy of Information and Communications Technology, said at the 2023 Zhongguancun Forum Parallel Forum News Media Briefing that the Brain-Computer Interface Innovation and Development Forum will be held on the afternoon of May 29, 2023.
Comments: Before the successful application for human clinical trials, Neuralink had done relevant tests on pigs and monkeys respectively, and caused a sensation. Since 2019, Musk has repeatedly predicted that Neuralink will soon receive FDA approval for human trials, but the company's application was rejected in early 2022. Therefore, this FDA approval is of great significance, representing that the field of brain-computer interface is about to make rapid progress through human experiments! Concept stocks include Zhejiang University Network New, Innovative Medical, Jiahe Intelligent and so on.
*ST Hongtu (600122), ST Sunshine City (000671), *ST Jiakai (000918), ST Yuetai (600393): On the evening of May 26, *ST Hongtu announced that the company's shares have touched the trading delisting situation; In addition, ST Sunshine City, *ST Jiakai, ST Yuetai and other companies collectively announced that the company's shares may be terminated because the stock price is lower than the par value. Among them, the closing price of *ST Hongtu stock has been below 1 yuan for 20 consecutive trading days, the closing price of ST Sunshine City stock has been below 1 yuan per share for 10 consecutive trading days, *ST Jiakai stock closing price has been less than 1 yuan for 17 consecutive trading days, and the closing price of ST Yuetai stock has been below 1 yuan for 11 consecutive trading days. According to relevant regulations, if the closing price of the company's shares is lower than 1 yuan per share for 20 consecutive trading days, the company's shares will be terminated from listing.
Guangming Real Estate (600708): According to Lianjie Shanghai WeChat public account, Shen Hongze, former secretary of the Party Committee and chairman of Guangming Real Estate Group Co., Ltd., is suspected of serious violations of discipline and law, and is currently under disciplinary review by the Discipline Inspection Commission of Bright Food (Group) Co., Ltd. and supervision and investigation by the Shanghai Xuhui District Supervision Commission. It is worth noting that on May 19, Bright Real Estate announced that due to personal reasons, Shen Hongze requested to resign as a director, chairman and chairman of the strategy committee of the board of directors. Shen Hongze's original term of office was until October 25, 2025. According to the annual report of Guangming Real Estate, in 2022, Shen Hongze received a total of 1,515,930 yuan in pre-tax compensation from Guangming Real Estate.
Unigroup (000938): An announcement was issued on the evening of May 26 that the number of shares issued this time is determined by dividing the total amount of funds raised by the issue price, and the number of shares issued this time does not exceed 25% of the total share capital of the company before the issuance to specific objects, that is, the issuance does not exceed about 715 million shares, and the final number of shares issued is subject to the upper limit of the number of shares approved by the China Securities Regulatory Commission for registration. The issue price of the shares issued to specific targets is not less than 80% of the average trading price of the company's shares in the 20 trading days preceding the pricing reference date. The offering intends to raise no more than RMB12 billion.
Hengxin Oriental (300081): On the evening of May 26, it was announced that Mr. Meng Xianmin signed the "Hengxin Oriental Share Transfer Agreement" with Ms. Liu Jiajia and China Post Securities on April 28, 2023, intending to transfer 12.1 million shares of the company held by him, accounting for 2% of the company's total share capital, to Ms. Liu Jiajia by way of agreement transfer, in order to repay his pledged debts at China Post Securities and reduce the risk of stock pledge. On May 26, 2023, the Company received the Confirmation of Securities Transfer Registration provided by the above-mentioned shareholders, and the transfer registration of 12.1 million shares transferred by Mr. Meng Xianmin to Ms. Liu Jiajia with unlimited conditions has been completed on May 25, 2023.
Kibing Group (601636): On the evening of May 26, it announced that the company deliberated and passed the "Proposal on Repurchasing Shares by Centralized Auction Transaction". The shares repurchased are used to implement an employee stock ownership plan or equity incentive. The total amount of funds for the company's share repurchase shall not exceed RMB 450 million (inclusive), and the source of funds shall be the company's own funds or other legal funds. The repurchase price shall not exceed RMB15 per share, which shall not exceed 150% of the average trading price of the Company's shares in the 30 trading days before the Board of Directors passes the resolution to repurchase shares, and the period of this repurchase is 12 months from the date when the Board of Directors deliberates and approves the plan for the repurchase of shares, that is, from May 26, 2023 to May 25, 2024.
Lingyi Intelligent Manufacturing (002600): An announcement was issued on the evening of May 26, saying, The total amount of funds raised by the proposed issuance of convertible corporate bonds will not exceed about 3.696 billion yuan; the estimated investment amount will be about 592 million yuan for the construction project of Tianxin Manufacturing Center; the estimated investment amount is about 1.012 billion yuan for the construction project of Pinghu Manufacturing Center; the R&D and production project of carbon fiber and heat dissipation precision parts is expected to require about 335 million yuan; the construction project of smart wearable device production line is expected to require an investment of about 199 million yuan; the intelligent upgrading project of precision parts manufacturing process is expected to require an investment of about 332 million yuan; the intelligent information platform upgrade construction project is expected to require an investment of 118 million yuan; and the supplementary working capital project The estimated investment amount is about 1.109 billion yuan.
Xidiwei (688173): On the evening of May 26, it announced that in order to improve the liquidity and efficiency of the company's assets and maximize investment returns, HMI intends to reduce its holdings of NVTS shares in the NASDAQ stock market in the United States. The Company sells approximately 4.2 million shares of NVTS held by HMI in accordance with the trading rules of the NASDAQ stock market for a period of 12 months from the date on which the matter is approved by the Board of Directors. As of March 31, 2023, the carrying value of NVTS shares held by the Company was approximately RMB211 million, accounting for 10.85% and 11.77% of the Company's latest audited total assets and net assets.
Zhongtai Chemical (002092): On the evening of May 26, it issued an announcement on the cumulative increase of controlling shareholders and concerted actors to 5% of the company's shares. According to the announcement, on May 26, 2023, the company received the "Detailed Equity Change Report of Xinjiang Zhongtai Chemical Co., Ltd." issued by Xinjiang Zhongtai (Group) Co., Ltd. (hereinafter referred to as "Zhongtai Group") and concerted actors.
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