As of the close of trading on January 24, 2024, the Shanghai Composite Index closed at 2,820.77 points, up 1.80%, the Shenzhen Component Index closed at 8,682.19 points, up 1.00%, the Small and Medium 100 closed at 5,448.73 points, up 0.50%, and the ChiNext Index closed at 1,696.19 points, up 0.51%. Let's take a look at what important news has been released in the market!
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[Report: Generative AI is expected to be applied at scale in the financial industry in 3 years]"Science and Technology Innovation Board Daily" on the 24th, the "2024 Financial Industry Generative Artificial Intelligence Application Report" jointly compiled by the School of Economics and Management of Tsinghua University, Du Xiaoman, MIT Technology Review China, and the Center for Dynamic Competition and Innovation Strategy of the School of Economics and Management of Tsinghua University was released.
2. On January 24, the yield on 2-year British government bonds rose to the highest level since December 15 at 4.397%.
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[Alaska Airlines and United may not consider buying Boeing aircraft anymore]On January 24, Alaska Airlines and United Airlines both said that they were disappointed by the quality of Boeing's aircraft and may consider other aircraft purchase options in the future.
4. On January 24, India's SENSEX index rose 1% to 71,077.67 points.
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[COMAC Zhang Yujin: It is expected that the C919 production capacity will gradually expand this year, and it is planned to invest 10 billion yuan to expand production within 3-5 years]On January 24, Zhang Yujin, deputy to the Shanghai Municipal People's Congress and deputy general manager of Commercial Aircraft Corporation of China, revealed in an interview with reporters at the scene of the two sessions in Shanghai on January 24 that C919 production capacity is expected to continue to gradually expand and grow steadily this year to achieve "how fast and good" production; at the same time, it is planned to invest tens of billions of yuan in three to five years to expand production capacity.
6. On January 24, the euro stood at 1.09 against the dollar, up 0.43% during the day.
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[La Chapelle's Shanghai ABP was auctioned for 950 million yuan, and the first auction was unsuccessful due to no bidder]On January 24, according to the information disclosed by Ali Asset Auction Network, the industrial real estate and office and electronic equipment at No. 58 Tanzhu Road, Minhang District, Shanghai were unsold due to no one signing up for bidding, with the current starting price of 950 million yuan and the appraisal price of about 1.35 billion yuan.
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[FTSE A50 China Index Futures Quickly Expanded to 1% After Reopening]On January 24, after the reopening of FTSE A50 China Index futures, the rise quickly extended to 1%.
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[An Il-76 transport plane crashed in a Russian border state]On January 24, according to Russian media reports such as "Russia Today", an Il-76 military transport plane crashed in Belgorod Oblast, Russia today (24th).
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[Guangdong Expressway A: Net profit in 2023 increased by 28.01% year-on-year]On January 24, Guangdong Expressway A released its 2023 annual performance report, with a net profit of 1.634 billion yuan in 2023, a year-on-year increase of 28.01%.
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[UN official: Houthis demand that US and British UN staff leave]On January 24, a United Nations official told the media on the 23rd local time that the Houthis in Yemen have issued notices to various UN agencies in the areas under their control, requiring all United Nations staff of American and British nationality to leave the areas controlled by the organization within one month.
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[Guangdong Provincial Department of Industry and Information Technology: Focus on the layout of the new energy storage industry and accelerate the construction of key projects of more than 5 billion yuan]On January 24, the Guangdong Provincial Department of Industry and Information Technology released the main work plan for 2024.
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[Guangdong Hydropower: The amount of newly signed construction projects in the fourth quarter of 2023 is 27.747 billion yuan]On January 24, Guangdong Hydropower announced that 532 new construction projects will be signed in the fourth quarter of 2023, with a total amount of 27.747 billion yuan.
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[Chongqing: Promote the sale and utilization of non-residential buildings and suspend the construction of new office buildings by state-owned enterprises and institutions in the city, district (county)]On January 24, the Office of the Leading Group for Promoting the Steady and Healthy Development of the Real Estate Market in Chongqing issued the Notice on Further Adjusting and Optimizing Real Estate Policies and Measures.
15. On January 24, some popular Chinese concept stocks continued to rise before the market, with Bilibili rising more than 3%, Alibaba and Baidu rising more than 1%.
16. On January 24, hedge funds set up a short bet on German equities with a size of $1 billion.
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[Central Bank: Cut the deposit reserve ratio of financial institutions and the re-lending and re-discounting rates for supporting agriculture and small enterprises]On January 24, the People's Bank of China decided to announce on its official website that from February 5, 2024, the deposit reserve ratio of financial institutions will be lowered by 0.5 percentage points (excluding financial institutions that have implemented the 5% deposit reserve ratio), after this reduction, the weighted average deposit reserve ratio of financial institutions will be about 7.0%, and from January 25, 2024, the relending rates for supporting farmers, relending for small enterprises and rediscounting will be reduced by 0.25 percentage points each.
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[Lian Ping, Chairman of the China Chief Forum: The RRR cut is greater than market expectations, and the implementation of monetary policy is intensified]On January 24, Lian Ping, president of Guangkai Chief Industry Research Institute and chairman of China's Chief Forum, said that the magnitude of the RRR cut was greater than market expectations, indicating that the implementation of monetary policy has been strengthened, which will have a greater positive effect on the economic operation throughout the year.
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[The personal pension system will be fully implemented]On January 24, it was learned from a press conference held by the Ministry of Human Resources and Social Security that the personal pension system implemented in 36 cities and regions is currently running smoothly and has achieved positive results.
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[Shanxi: Accelerate the construction of major coal mine projects in 2024, promote the start of construction of 10 coal mines, and enter joint trial operation of 8 coal mines]On January 24, Shanxi will release advanced coal production capacity in accordance with laws and regulations on the premise of ensuring safe production in 2024, and make every effort to stabilize coal production.
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[Guangdong: In the fields of 6G, artificial intelligence, and low-altitude economy, the method of parallel exploration of multi-technology routes is adopted to seize the commanding heights of technology]On January 24, the Guangdong Provincial Department of Industry and Information Technology released the main work plan for 2024, which pointed out that the forward-looking layout of future industries with both disruptive functions and extensive market demand is forward-looking.
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[Private brands have sprung up, Unilever's market share in Europe and the United States has shrunk]Jan. 24 (Reuters) -- Unilever struggled to hold on to its grocery market share in most categories in Europe and the U.S. in the fourth quarter, with data showing a decline in market share as the company made concessions to private brands and reduced products.
23. On January 24, the release of the Hang Seng Stock Connect Stock Connect Sub-industry Leading Index will be terminated from January 29, 2024 (Monday).
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[Pan Gongsheng: Guide financial institutions to scientifically assess risks and constrain the financing supply of overcapacity industries]On 24 January, Pan Gongsheng, governor of the People's Bank of China, said that the investment of financial resources should be optimized.
25. On January 24, the onshore yuan closed at 7.1641 against the US dollar, up 54 points from the previous trading day and hitting a new high since January 12.
26. On January 24, SAP shares rose 7% to a record high.
27. On 24 January, the Hong Kong Monetary Authority (HKMA) will hold a press conference at 5:30 p.m. to introduce the financial cooperation with the Mainland.
28. On January 24, the preliminary value of the German manufacturing PMI in January was 45.4, with an expectation of 43.7, and the preliminary composite PMI in January was 47.1, with an expectation of 47.8.
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[PBOC Governor Pan Gongsheng: Six policy measures will be launched to deepen cooperation between Hong Kong and the mainland in the financial industry]On January 24, Pan Gongsheng, governor of the People's Bank of China, said at a press conference of the State Council New Office on the 24th that the People's Bank of China and the Hong Kong Monetary Authority have decided to launch six policy measures, involving financial market connectivity, cross-border capital facilitation, and deepening financial cooperation, which can be summarized as "three connections and three conveniences."
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[Xuan Changneng: Foreign investors will be further opened to participate in domestic bond repurchase business, and all foreign institutions that have entered the interbank bond market will be supported to participate in bond repurchase]On January 24, Xuan Changneng, deputy governor of the People's Bank of China, said at a press conference of the State Council Information Office on January 24 that in order to deepen financial cooperation between the mainland and Hong Kong, the People's Bank of China and the Hong Kong Monetary Authority have decided to launch six measures, among which foreign investors will be further opened to participate in domestic bond repurchase business, and all foreign institutions that have entered the interbank bond market will be supported to participate in bond repurchase, including the bond connect channel.
31. On January 24, USD/JPY fell 0.5% to 147.56, hitting an intraday low.
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[Passenger Car Association: January 1-21 passenger car market retail sales of 1.227 million units, a year-on-year increase of 46%]On January 24, the passenger car association released data showing that from January 1 to 21, the passenger car market retailed 1.227 million units, an increase of 46% over the same period last year, a decrease of 4% over the same period last month, and a total of 1.227 million retail sales this year, a year-on-year increase of 46%;
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[Zhu Hexin, Director of the State Administration of Foreign Exchange: Strengthening the hub function of Hong Kong's offshore RMB market]Zhu Hexin, deputy governor of the People's Bank of China and director of the State Administration of Foreign Exchange, said that the next step should focus on trade and investment facilitation, strengthen domestic and foreign currency coordination, further improve cross-border RMB-related policies and infrastructure, and better meet the needs of foreign investors in allocating, holding RMB assets and risk hedging.
34. On January 24, the preliminary value of the French manufacturing purchasing managers' index in January was 43.2, higher than the expected 42.5.
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[Data bureaus in many provinces and cities are intensively unveiled, and the development of the data element market is accelerating]On January 24, a few days ago, the Fujian Provincial Data Administration and the Office of the Provincial Digital Fujian Construction Leading Group were unveiled.
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[Tesla responds that it will produce a "compact crossover": never heard of it]On January 24, some media quoted sources familiar with the matter as saying that Tesla has notified suppliers that it hopes to start producing a new mass-market electric vehicle codenamed "Redwood" in mid-2025, which is positioned as a "compact crossover".
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[Hong Kong's Hang Seng Index closed up 3.56% and the Hang Seng Tech Index rose 4.24%]On January 24, Hong Kong's Hang Seng Index closed up 3.56%, and the Hang Seng Technology Index rose 4.24%.
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[Guangdong Electric Power A: Unit 1 of Zhaoqing Dinghu Natural Gas Cogeneration Project was put into operation]On January 24, Guangdong Electric Power A announced that Unit 1 of Zhaoqing Dinghu Natural Gas Cogeneration Project was put into operation.
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[Xuan Changneng, Deputy Governor of the People's Bank of China: Will continue to enhance the pertinence and coordination of interest rate policies]24 Jan -- At a news conference held by the State Council New Office today, Xuan Changneng, deputy governor of the People's Bank of China, said that in the next stage, the People's Bank of China will continue to enhance the pertinence and coordination of the interest rate policy through reform, take me as the mainstay, balance internal and external, and further bring into play the positive role of the interest rate policy in promoting consumption, stabilizing investment, and expanding domestic demand.
40. On January 24, ASML European shares rose 7%, and the company's Q4 financial report showed a record quarterly order revenue.
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[Xuan Changneng: It is expected that the first quarter of this year will still maintain a rapid growth in credit delivery]Xuan Changneng, deputy governor of the People's Bank of China, said that it is expected that the first quarter of this year will still maintain a relatively rapid growth in credit delivery, and the People's Bank of China will guide financial institutions to grasp the rhythm of credit delivery, and the rhythm of credit delivery throughout the year will be more balanced.
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[Secretary for the Financial and Treasury of Hong Kong: Hong Kong will also introduce many reforms involving the capital market, such as implementing the relevant recommendations of the Task Force on Promoting Liquidity in the Stock Market]On January 24, Hong Kong's Secretary for Financial Services and the Treasury Hui Zhengyu responded to the recent fluctuations in the Hong Kong stock market at the Asian Financial Forum on January 24.