Closing Reviews
A shares:
On December 27, the three major stock indexes opened higher and moved higher. At the close, the Shanghai Composite Index rose 0.54%, the Shenzhen Component Index rose 0.38%, and the ChiNext Index rose 0.07%. The aquaculture sector was red across the board, with Shennong Group rising more than 7%; the food processing sector performed strongly, with many stocks such as Huifa Food and Yiming Food; the computing power leasing sector led the rise throughout the day, with Si Teqi rising by more than 15%, Longyu shares and Lotus Health rising by the limit; consumer electronics, memory chips and other concept sectors were among the top gainers; and media, games, Internet e-commerce and other concept sectors were among the top decliners.
Hong Kong stocks:
The Hang Seng Index closed up 1.74%, the Hang Seng Technology Index closed up 2.58%, Hong Kong mobile game stocks rose sharply, Zenyou Technology rose more than 26%, a new high since listing, NetEase rose nearly 12%, Bilibili rose more than 6%, and Tencent Holdings rose more than 4%.
Asia Pacific Equity Markets:
日经225指数涨1.13%,韩国KOSPI指数涨0.42%。
A shares:
1. The turnover of the Shanghai and Shenzhen stock markets today was 636.8 billion.
2. On December 27, as of the close of A-shares, statistics showed that the total net purchase of northbound funds was 5.678 billion yuan, of which 3.724 billion yuan was net bought through Shanghai-Hong Kong Stock Connect and 1.954 billion yuan was net bought through Shenzhen-Hong Kong Stock Connect. The turnover of northbound funds was 90.438 billion yuan, accounting for 14.20% of the total turnover of A-shares, and the trading activity decreased by 5.28%, of which the purchase amount of Shanghai-Hong Kong Stock Connect was 22.692 billion yuan and the selling amount was 18.968 billion yuan, and the purchase amount of Shenzhen-Hong Kong Stock Connect was 25.366 billion yuan and the selling amount was 23.412 billion yuan. Northbound funds terminated net selling for 3 consecutive days.
Hot spotlight
1. The China Securities Regulatory Commission answers reporters' questions on the implementation of the new regulations on securities lending: most securities companies are basically in place in implementing the requirements of the new regulations
Q: Recently, some media reported that securities firms have implemented the new regulations of "restricted shares are not allowed to lend securities", and the constraints of various securities firms on customers are different, what is the CSRC's comment on this?
Answer: On October 14, the Shanghai and Shenzhen North Stock Exchanges issued the Notice on Optimizing the Relevant Arrangements for Securities Lending and Lending Transactions and Refinancing Securities Lending Transactions, which clarified that "if an investor holds restricted shares or strategic placement shares of a listed company, as well as shares subject to transfer restrictions such as the reduction of shares by major shareholders or specific shareholders transferred by way of block trading, the investor and its affiliates shall not sell the shares of the listed company by securities lending and borrowing during the restriction period", further improving the requirement that "restricted shares shall not be allowed to be borrowed or borrowed". At the same time, securities companies are required to verify the situation of investors in accordance with the principle of penetration, conduct front-end control over investors' relevant trading behaviors, and strictly prohibit participation in violations or facilitation of violations.
After the issuance of the new regulations, regulatory authorities and industry associations have urged securities companies to implement the requirements of the new regulations through various means such as issuing notices, on-site inspections, and industry training. Securities companies will inform investors of the new requirements by issuing announcements, modifying contracts, signing letters of commitment, etc., and pay close attention to improving the system, strengthening business control, and arranging special personnel to do a good job in transaction declaration and front-end control before the completion of system transformation. On the whole, most securities companies are basically in place in implementing the requirements of the new regulations, but on-site inspections have also found that some securities companies have problems such as insufficient verification of related parties.
In the next step, the China Securities Regulatory Commission will, in accordance with the requirements of the Central Financial Work Conference, comprehensively strengthen penetrating supervision, on the one hand, consolidate the responsibilities of securities companies, urge securities companies to strengthen the penetrating management of customer trading behavior and trading purposes in accordance with the requirements of "not seeing clearly, not doing business", strictly prohibit participation in violations or provide convenience for violations, and effectively improve the business level. On the other hand, strengthen supervision and law enforcement, establish and improve the working mechanism of penetrating supervision, and strictly crack down on violations of the requirements of "restricted shares shall not be allowed to lend securities" through multi-layer nesting, collusive trading, tandem arbitrage, etc., and investigate and deal with them together, and welcome all market participants to jointly supervise the implementation of the regulations.
2. National Bureau of Statistics: From January to November, the profits of industrial enterprises above designated size fell by 4.4%
According to the data released by the National Bureau of Statistics, from January to November, the total profit of industrial enterprises above designated size was 6,982.28 billion yuan, a year-on-year decrease of 4.4%, and the decline rate was 3.4 percentage points narrower than that from January to October. From January to November, among the industrial enterprises above designated size, the total profits of state-controlled enterprises were 2,241.14 billion yuan, down by 6.2 percent year-on-year, the total profits of joint-stock enterprises were 5,159.37 billion yuan, down by 3.1 percent, the total profits of foreign-funded enterprises and enterprises with investment from Hong Kong, Macao and Taiwan were 1,621.78 billion yuan, down by 8.7 percent, and the total profits of private enterprises were 2,002.31 billion yuan, up by 1.6 percent.
3. The Shanghai International Energy Exchange adjusts the trading margin ratio and price limit of the relevant contracts of the container transportation index (European line).
The Shanghai International Energy Exchange issued a notice that after research, it was decided that from the close of settlement on December 27, 2023 (Wednesday), the trading margin ratio of the container transportation index (European line) futures EC2404 and EC2406 contracts will be adjusted to 22%, and the price limit will be adjusted to 20%. The trading margin ratio of the container transportation index (European line) futures EC2408, EC2410 and EC2412 contracts is adjusted to 20%, and the price limit is adjusted to 18%.
4. El Niño causes prices to rise in many commodities Cocoa prices hit a 46-year high
According to CNBC, a U.S. consumer news and business channel, the price of orange juice, coffee and other goods has soared due to factors such as El Niño, and consumers may spend more money on related products in the coming months. Orange juice futures prices have soared 80% so far this year. West Africa, the main cocoa-producing region, has been hit hard by heavy rains and fungal diseases, resulting in a severe decline in production. Cocoa prices, an important ingredient in chocolate, have risen 64% so far this year, reaching their highest level in 46 years. In the middle of this month, Robusta coffee prices reached their highest level in 15 years. Sugar prices have risen 13% year-to-date and are now down from a 12-year high set in September.
5. China Association of Automobile Manufacturers: From January to November, the profit of the automobile manufacturing industry was 448.98 billion yuan, a year-on-year increase of 2.9%
According to the data of the National Bureau of Statistics compiled by the China Association of Automobile Manufacturers, from January to November 2023, the profit of the automobile manufacturing industry was 448.98 billion yuan, a year-on-year increase of 2.9%, accounting for 6.4% of the total profits of industrial enterprises above designated size. From January to November 2023, the profit margin of the automobile manufacturing industry was 5%, an increase of 0.1 percentage points compared with January to October, and a year-on-year decrease of 0.7 percentage points compared with the same period last year.
6. Air travel big data: The number of domestic air ticket bookings during the New Year's Day holiday exceeded 2.7 million, a year-on-year increase of about 1.6 times
According to the big data of air travel, during the New Year's Day holiday (December 30 to January 1), about 38,000 flights are planned for domestic routes, and more than 5,800 flights are planned for international and regional routes. As of December 26, the number of domestic air ticket bookings during the New Year's Day holiday exceeded 2.7 million, an increase of about 1.6 times over the same period last year, and the number of inbound and outbound air ticket bookings by domestic airlines exceeded 400,000. Popular destinations in China during the New Year's Day holiday are Beijing, Shanghai, Chengdu, Shenzhen, Guangzhou, etc.
Company news
1. Xingyu shares: Wenjie M9 smart lighting system is designed and developed by the company
According to Xingyu shares, on December 26, AITO Wenjie M9 flagship model was officially unveiled, and its "leading generation of intelligent lighting system" was designed and developed by Xingyu from the light controller as the brain to the front and rear lamps as actuators. The 84-pixel ADB system independently developed by Xingyu and the million-level DLP module jointly developed by Huawei are synchronized to achieve precise shielding of the vehicle in front and greatly improve the safety experience of users.
2. AutoNavi Infrared: Signed a product order contract of 312 million yuan
AutoNavi Infrared (002414) announced on the evening of December 27 that the company and its wholly-owned subsidiary, Handan Electromechanical, signed a contract with customers for the development of two types of complete equipment system overall model products and an order contract for non-lethal ammunition type products, with contract amounts of 86.485 million yuan and 225 million yuan respectively. The total amount of this contract is 312 million yuan, accounting for 12.34% of the company's audited operating income in 2022, which will have a positive impact on the company's future operating performance.
3. Tower Group: Strive to achieve a net profit of more than 600 million yuan in 2024
Tower Group (002233) announced on the evening of December 27 that its business goal in 2024 is to achieve more than 17.5 million tons of cement (including clinker) and strive to achieve a net profit of more than 600 million yuan.
4. Juhua Technology: pre-won the bid for the bidding project of 160 million yuan of China Southern Power Grid
Juhua Technology (300360) announced on the evening of December 27 that the company became the winning candidate for the "Second Batch of Framework Bidding Projects for Metering Products of China Southern Power Grid Corporation in 2023", with an estimated total amount of about 160 million yuan.
5. Xiaomi: Xiaomi Auto officially joined Xiaomi's "People, Cars, and Home Whole Ecology"
Xiaomi's Weibo post said that Xiaomi Auto officially joined Xiaomi's "people, cars, and home ecology". Xiaomi said that now, with the upcoming release of Xiaomi cars, Xiaomi's "people, cars and home ecology" has also achieved a real closed loop.
6. China Merchants Shipping: Signed four ship building agreements with a total value of US$160 million
China Merchants Shipping (601872) announced on the evening of December 27 that the company signed four "ship order agreements" with its related party China Merchants Industry through its wholly-owned subsidiaries to order two 82,000 dwt dry bulk carriers and two 62,000 dwt multi-purpose ships, with a total price of 160 million US dollars. The board of directors of the company previously agreed that the company would order a multi-type dry bulk carrier again at Jinling Shipyard, a subsidiary of China Merchants Industry, a related party.