Edited by: Wang Hanli, Wang Xiaobo
NO.1 Market News
The three major U.S. stock indexes closed mixed, with the Dow up 0.15% to hit a new closing high, up 2.92% for the week, the Nasdaq up 0.35%, up 2.85% for the week, and the Dow and Nasdaq both rising for the seventh consecutive trading day. The S&P 500 fell 0.01% and is up 2.49% for the week. Large technology stocks rose, with Oracle up 3%, Broadcom and Intel up more than 2%, and Amazon, Tesla, Nvidia, and Microsoft all up more than 1%. Chinese concept stocks were mixed, with the Nasdaq China Golden Dragon Index down 0.34% and up 1.95% for the week. JD.com rose more than 4%, Alibaba rose more than 2%, Pinduoduo, Weilai, Vipshop, and Baidu rose more than 1%. Xpeng Motors fell more than 7%, Tencent Music and NetEase fell more than 1%, and Bilibili and Li Auto fell slightly.
International oil prices rose slightly, with the U.S. oil contract for January next year up 0.29% to $71.79 per barrel, up 0.79% for the week, and the Brent oil contract for February next year up 0.38% to $76.9 per barrel, up 1.4% for the week.
European stocks closed mixed, with Germany's DAX 30 closing flat, Britain's FTSE 100 down 0.94%, France's CAC 40 up 0.28%, and Euro Stoxx 50 up 0.23%.
NO.2 State Administration of Foreign Exchange: Orderly expansion of high-level opening up of the foreign exchange field
Comrade Zhu Hexin, secretary of the leading party group and director of the State Administration of Foreign Exchange, recently presided over a meeting of the (enlarged) party group. The meeting emphasized that in 2024, the following tasks will be emphasized: First, the high-level opening up of the foreign exchange field will be expanded in an orderly manner. We will steadily expand the pilot projects for high-level opening-up of cross-border trade and investment, and support the development of Shanghai and Hong Kong as international financial centers and regional open innovation. The second is to effectively prevent and resolve the risk of external shocks. The third is to strengthen the full coverage of supervision in the field of foreign exchange. Fourth, improve the operation and management of foreign exchange reserves with Chinese characteristics, and ensure the safety, liquidity, preservation and appreciation of foreign exchange reserve assets. Fifth, uphold and strengthen the party's overall leadership over economic and financial work.
NO.3 National Development and Reform Commission: By the end of 2026, the average annual growth rate of the data industry will exceed 20%
The National Development and Reform Commission (NDRC) is soliciting public comments on the Three-Year Action Plan for the × of Data Elements (2024-2026) (Draft for Comments). By the end of 2026, cultivate a group of data vendors and third-party professional service institutions with strong innovation capabilities and great market influence, with an average annual growth rate of more than 20% in the data industry, a doubling of the scale of data transactions, and a significant increase in the scale of on-site transactions.
NO.4 Seven departments: support artificial intelligence enterprises to develop large models of audiovisual applications
The Ministry of Industry and Information Technology and other seven departments jointly issued the "Guiding Opinions on Accelerating the High-quality Development of the Audiovisual Electronics Industry". Among them, it is proposed to cultivate and expand high-quality enterprises. Support leading color TV enterprises to enrich the product matrix, improve the industrial chain, explore overseas markets, continue to enhance ecological dominance, and lead the development of the industry. Encourage speakers, headphones, and microphone OEMs to develop their own brands and enhance the added value of products and industry influence. Accelerate the cultivation of specialized and new "little giants" and individual champions in the manufacturing industry in the fields of commercial display, vehicle audio-visual, and audio and video. Support backbone enterprises to become bigger and stronger, and support artificial intelligence enterprises to develop large models of audio-visual applications. (Ministry of Industry and Information Technology website)
NO.5 The five departments jointly deployed the special action of campus food safety investigation and rectification
On the 15th, the Food Safety Office of the State Council organized a mobilization and deployment meeting for the special action of campus food safety investigation and rectification, sorted out and analyzed the current campus food safety problems and causes, and deployed a six-month special action for campus food safety investigation and rectification nationwide. The meeting pointed out that the Party Central Committee and the State Council attach great importance to campus food safety, and all regions and relevant departments should adhere to the "four strictest" requirements for food safety, clearly understand the outstanding food safety problems on campus, and take effective measures to effectively ensure the food safety of teachers and students in school. (CCTV News)
NO.6 National Bureau of Statistics: There will be no deflation
On December 15, Liu Aihua, spokesman of the National Bureau of Statistics, said at a press conference that with the gradual implementation of the policy of expanding domestic demand, consumption will gradually shift from post-epidemic recovery to continuous expansion, and the problem of insufficient effective demand in the current economic operation is expected to be gradually alleviated, and the operation of low prices will also be improved, and there will be no deflation. (China.com)
NO.7 Central Bank: Meet the reasonable financing needs of real estate enterprises with different ownership systems without discrimination
The party committee of the People's Bank of China held an enlarged meeting on December 15. The meeting stressed the need to increase support for major strategies, key areas and weak links. We will continue to do a good job in supporting the development and expansion of the private economy with financial services. Due to the city's policies, we will accurately implement differentiated housing credit policies, better support the demand for rigid and improved housing, and meet the reasonable financing needs of real estate enterprises with different ownership systems without discrimination. Increase support for the "three major projects" such as the construction of affordable housing, and promote the transformation and high-quality development of the real estate industry. (Central Bank website)
NO.8 The China Securities Regulatory Commission revised and issued the "Rules for Share Repurchase of Listed Companies"
On December 15, the China Securities Regulatory Commission revised and issued the "Rules for Share Repurchase of Listed Companies" to improve the convenience of repurchase as much as possible. The first is to relax the existing conditions for repurchase "necessary to maintain the company's value and shareholders' equity", and adjust one of the trigger conditions, "the company's stock closing price has fallen by 30% cumulatively within 20 consecutive trading days" to "cumulatively reach 20%". The second is to add a condition for repurchase that is "necessary to maintain the company's value and shareholders' equity", and "the closing price of the stock is 50% lower than the highest closing price in the most recent year" as one of the trigger conditions to increase the convenience of repurchase. The third is to cancel the prohibition of repurchase window period. Fourth, the basic conditions for repurchase of listed companies have been moderately relaxed, from "listed for one year" to "listed for six months". Fifth, according to the closing call auction rules, the original restriction on the declaration of repurchase transactions half an hour before the close of the market has been adjusted to the closing call auction stage. (SFC website)
NO.9 National Bureau of Disease Control and Prevention: As of December 10, a total of 7 cases of the JN.1 variant of the new coronavirus have been detected in local cases in the mainland
The National Bureau of Disease Control and Prevention released a Q&A on the JN.1 variant of the new coronavirus on the 15th, since the local JN.1 variant was first detected in November, as of December 10, a total of 7 cases of the JN.1 variant have been monitored in the mainland. The National Bureau of Disease Control and Prevention said that as with the prevention of infection with other Omicron variants, it is recommended that the public continue to maintain good personal hygiene Xi, wear masks scientifically, get vaccinated in time, adhere to regular work and rest, ensure a healthy diet, and improve immunity. (CCTV News)
NO.10 International News
Putin's latest statement
At noon local time on the 14th, Russian President Vladimir Putin held his annual press conference in Moscow and had a live connection with the Russian people. Speaking about Russian-Chinese trade, Putin said that the bilateral trade volume between Russia and China is expected to reach $220 billion to $230 billion in 2023. (CCTV Finance)
The US Secretary of Defense ordered another extension of the stationing of two warships in the Mediterranean
On December 15, local time, U.S. Secretary of Defense Lloyd Austin ordered "Gerald J. USS R. Ford and another warship remained in the Mediterranean for several weeks, the third time that the USS Ford has been stationed.
The Russian Ministry of Defense said that Russian air defense systems destroyed 26 Ukrainian drones in the Crimea region
According to information released by the Russian Ministry of Defense, from 20:30 to 22:30 local time on December 15, Russian air defense systems destroyed 26 Ukrainian drones in the Crimea region. The Ukrainian side has not responded to this for the time being.
The new Israeli-Palestinian conflict has killed 18,890 Palestinians
According to a statement issued by the Palestinian Ministry of Foreign Affairs and Expatriate Affairs on the evening of December 15 local time, since the outbreak of the new round of Palestinian-Israeli conflict on October 7, 18,890 Palestinians have died as a result of military operations launched by the Israeli army, including 7,729 children and 5,153 women, 282 people have been killed in the West Bank, and another 50,594 have been injured.
Russia's central bank raises benchmark interest rate by 100 basis points to 16%
On 15 December, Russia's central bank raised its benchmark interest rate by 100bp to 16%, in line with market expectations.
Fed's Williams: It's too early to think about cutting interest rates in March next year
On December 15, Fed's Williams said that the economy and inflation remain highly uncertain, that the Fed is not really discussing a rate cut at this time, and that it is too early to consider a rate cut in March next year.
NO.1 Dong Yuhui responded to the rumors of joining JD.com: not true
Oriental Selection (01797, stock price: HK$26.25, market capitalization: HK$26.64 billion): On the evening of the 15th, a screenshot circulated on the Internet showed that Liu Qiangdong's vice president of human resources had gone to Shaanxi to recruit Dong Yuhui with Liu Qiangdong's autograph, and the talks went smoothly, and it was very likely that he would go to JD.com. JD.com has not responded to the incident. In response to the rumor, Dong Yuhui said: "It's not true, and I haven't contacted any company at present." (Xinhuanet Finance)
Comments: The incident has attracted widespread attention from investors, and Oriental Selection should make a final decision on the incident as soon as possible.
NO.2 Hongqi Chain: The change of control is still in the negotiation stage
Hongqi Chain (002697, stock price: 5.37 yuan, market value: 7.303 billion yuan): On December 15, Hongqi Chain announced that the company's change of control is still in the stage of further discussion, and the company's shares will continue to be suspended from the opening of the market on December 18 (Monday), and it is expected to be suspended for 3 trading days.
Comments: A change of control event may have a significant impact on the company's development, and investors need to keep an eye on it.
NO.3 Guolian Group became a major shareholder of Minsheng Securities, which has been approved
Guolian Group: According to the website of the China Securities Regulatory Commission, the China Securities Regulatory Commission issued an approval on December 13, approving Wuxi Guolian Development (Group) Co., Ltd. to become a major shareholder of Minsheng Securities, and Guolian Group transferred 3,470,666,700 shares of Minsheng Securities (accounting for 30.30% of the company's total shares) in accordance with the law. Both parties shall go through the procedures for changing the equity within 30 working days. The China Securities Regulatory Commission said that Minsheng Securities, together with Guolian Securities and Guolian Group, should promote the integration of the company and Guolian Securities in a steady and orderly manner in accordance with the direction and timetable determined by the preliminary integration plan submitted to the China Securities Regulatory Commission.
Comments: Guolian Group further expands its influence in the securities industry, and the integrated company is expected to play a greater role in the market.
NO.4 The latest news of "Rat Head Duck Neck", was fined 7.06 million yuan!
Jiangxi Zhongkuai Logistics Service Co., Ltd.: Public information shows that recently, the administrative punishment of the enterprises involved in the "rat head duck neck" and the relevant responsible persons was announced. Among them, Jiangxi Zhongkuai Logistics Service Co., Ltd. was fined 100,000 yuan and confiscated 1,325.5 yuan of illegal income, and the responsible person Zhu Moumou was fined 10 times last year's income, that is, more than 2.844 million yuan, Tao Moumou was fined 8 times last year's income, that is, more than 1.852 million yuan, and Yi Moumou was fined 9 times last year's income, that is, more than 2.263 million yuan, totaling 7.06 million yuan.
Comments: The incident reflects the problems of food safety and enterprise management, and at the same time, the increase in legal force also shows that the government attaches great importance to food safety issues.
NO.5 Li Qiuxi, former secretary of the Party committee and chairman of Fenjiu Group, passed away
Shanxi Fenjiu (600809, stock price: 217.50 yuan, market value: 265.3 billion yuan): On the evening of December 15, a reporter from the "Daily Economic News" confirmed to people close to Fenjiu that Li Qiuxi, the former chairman of Fenjiu Group, passed away on the same day. "Life is impermanent. Regarding Li Qiuxi's sudden death, a person close to Fenjiu told reporters on the evening of the 15th that the cause of death was "rumored to be a heart attack", but this statement was not confirmed by Fenjiu or his family.
NO.6 WeChat will carry out a special action of "rectifying short video content".
WeChat: According to the official account of "WeChat Coral Security", from now on, WeChat will carry out a one-month special action of "Qinglang and Rectify the Problem of Poor Orientation of Short Video Information Content". During the special action, the platform will focus on addressing prominent issues such as the dissemination of false information and misconceptions in short videos, and the display of inappropriate behavior, and will strictly deal with illegal and negative information and accounts with serious problems in accordance with relevant laws, regulations, and platform rules.
NO.7 SpaceX was approved to carry out the test of satellite direct connection to mobile phones
SpaceX: On December 14, local time, Musk's SpaceX received regulatory approval from the United States to cooperate with T-Mobile to carry out satellite direct-to-cell (DTC, DirecttoCell) testing. The test will last six months and will involve about 2,000 test equipment and 840 satellites. According to SpaceX, the service will be able to send text messages from 2024 and voice calls, browse the web, and connect to IoT devices from 2025. (SSE News)
Comments: SpaceX's cooperation with T-Mobile to carry out direct satellite mobile phone testing may promote the development of related technologies, which will have a certain impact on the industry and market.
No.8 in the world. In the 1970s, the 1970s were a little more than a 1000-to-100-day-a-day trip.
Chunxing Seiko (002547, stock price: 5.46 yuan, market value: 6.159 billion yuan): On December 15, Chunxing Seiko announced that according to the "Criminal Verdict" issued by the Suzhou Intermediate People's Court, Sun Jiexiao, the controlling shareholder and actual controller of the company, committed the crime of insider trading and was sentenced to three years in prison, suspended for four years, and fined 400,000 yuan. Sun Jiexiao, the actual controller of the company, has ceased to hold the position of director, supervisor and senior management of the company since July 2018, and the above judgment is a personal matter of Sun Jiexiao, which will not affect the exercise of Sun Jiexiao's shareholder rights and the normal business operation of the company, and will not affect the control of the company.
Comment: The news can have a negative impact on the company's reputation and investor confidence. The company needs to strengthen its internal control system to avoid the recurrence of similar incidents.
NO.9 Station B responds to online rumors of giving up the game business
Station B: On December 14, some netizens took screenshots showing that Station B laid off all employees in the game development business. In this regard, on the 15th, insiders of station B responded to reporters that the relevant information was untrue, and only some projects had been adjusted. (SSE News)
Comments: This news dispelled the rumors that Bilibili had given up the game business, indicating that Bilibili is still active in the gaming field.
NO.10 no.10 .5.5.
Jia Yueting: Recently, Jia Yueting and LETV Holdings (Beijing) Co., Ltd. refused to perform the obligations determined by the effective legal documents due to their ability to perform, and were listed as dishonest persons subject to execution (Lao Lai) by the Shanxi Provincial High People's Court, in addition, Jia Yueting's about 920 million shares of LETV Holdings were frozen again due to the case. According to the process of the case, the case involved disputes over loan contracts between Shanxi Yaoxin Financing Guarantee Co., Ltd., LeTV Holdings (Beijing) Co., Ltd., and Beijing Baiding New Century Commercial Management Co., Ltd. In November this year, LeTV Holdings (Beijing) Co., Ltd. and Jia Yueting were forced to pay more than 150 million yuan for this case.
Comments: Jia Yueting is still facing many legal disputes and debt problems, as well as the financial difficulties of LeTV Holdings, which will have an impact on the company's restructuring and Jia Yueting's credit and image.
Investment interactions
On December 15, northbound funds sold a net of 4.166 billion yuan. Among them, the Shanghai Stock Connect net sold 3.373 billion yuan, and the Shenzhen Stock Connect net sold 793 million yuan. In the list of stocks with active northbound capital transactions, a total of 12 stocks were net purchased, and the largest amount was Kweichow Moutai (600519. SH, closing price: 1645.0 yuan), net buying of 579.1 million yuan, net selling of a total of 8 stocks, the largest amount is ZTE (000063.SZ, closing price: 26.68 yuan), net selling of 292.9 million yuan.
On December 15, southbound funds sold a net of HK$3.963 billion. In the list of stocks with active southbound capital transactions, there were 7 net buying stocks, and the largest amount was CNOOC (0883. HK, closing price: HK$12.26), with a net purchase of HK$227.2 million, and a total of 6 stocks were net sellers, with the largest amount being Tencent Holdings (0700.HK, closing price: HK$314.4), with a net sale of HK$1,838.6 million.
Galaxy Securities: The resource advantages of companies in the publishing industry in copyright and IP are expected to help them focus on the research and development of AI large models at home and abroad. In addition, the overall valuation of the publishing industry itself is relatively low. It is recommended to pay attention to companies in the industry that have a large amount of high-quality content and unique materials that can be digitized: China Publishing, CITIC Publishing, etc.
Every reporter: Fan Qianqian
Edited by: Wang Hanli, Wang Xiaobo
Disclaimer: The content and data of the article are for reference only and do not constitute investment advice. Investors act accordingly at their own risk.
National Business Daily