Morning News – A list of events
丨Important news丨
1. On the 26th, the budget of the central departments in 2024 will be disclosed to the public in a centralized manner, making it clear that the central departments will streamline unnecessary festivals and strictly control the construction of buildings, halls and halls.
2. According to the Ministry of Commerce on the 26th, the total retail sales of consumer goods in the first two months were 8.1 trillion yuan, a year-on-year increase of 5.5%, and the consumption of goods grew steadily from the perspective of structure.
3. The Ministry of Industry and Information Technology introduced on the 26th that from January to February, the mainland's industrial economy rebounded. In the first two months, the added value of industrial enterprises above designated size increased by 7 percent year-on-year, 0.2 percentage points faster than that in December last year.
4. On the 26th, the State Administration of Financial Supervision and Administration and the Ministry of Finance issued a notice to clearly expand the coverage of catastrophe insurance for urban and rural residents, doubling the basic insurance amount of each resident's residence.
On the 5th and 26th, the Ministry of Culture and Tourism announced a new batch of national cultural industry demonstration bases that passed the review, 219 enterprises were named a new batch of demonstration bases, 165 existing demonstration bases passed the review, and the total number of demonstration bases reached 384.
6. The Chinese Embassy in Pakistan reported on the 26th: The vehicle of the Dasu Hydropower Station project built by a Chinese enterprise suffered a terrorist attack, killing 5 Chinese personnel. The Chinese Embassy in Pakistan issued a statement: It demands that Pakistan conduct a thorough investigation into the attack and severely punish the perpetrators.
On July 26, Asia's first deepwater jacket "Haiji-2" completed the water injection and righting operation in the waters of the Pearl River Estuary Basin, marking the successful installation of Asia's first deepwater jacket independently designed and built by the mainland.
8. The China Federation of Logistics and Purchasing announced the 2023 food industry chain supply chain data on the 26th, and the food food consumption market will exceed 9 trillion yuan in 2023, especially the consumption of catering ingredients has increased significantly year-on-year.
9. The Boao Forum for Asia Annual Conference 2024 will be held on the 26th, and the four-day Boao Forum for Asia will set up more than 40 sub-forums to discuss the theme of "Asia and the World: Common Challenges, Common Responsibilities".
10. The Central Meteorological Observatory issued a yellow warning for sandstorms at 18 o'clock on the 26th: It is expected that from 20 o'clock on the 26th to 20 o'clock on the 27th, there will be sand or floating dust weather in parts of southern Xinjiang, most of Inner Mongolia, Hexi of Gansu, Ningxia, central and northern Shaanxi, central and northern Shanxi, and northern Hebei, among which there will be sandstorms in some areas of central and western Inner Mongolia, and local strong sandstorms.
11. The Central Meteorological Observatory issued a blue warning for high winds at 18 o'clock on the 26th: It is expected that from 20 o'clock on the 26th to 20 o'clock on the 27th, most of Inner Mongolia, Ningxia, northern Shaanxi, northern Shanxi, western Jilin, central and western Liaoning and other places have 5-6 winds, gusts of 7-8, and 9-10 locally.
12. The Central Meteorological Observatory predicts that from 20 o'clock on the 26th to 20 o'clock on the 27th, there will be light to moderate snow or sleet in parts of eastern Tibet, northern and southern Qinghai, Hexi and southwest Gansu, western Sichuan Plateau, northeast Inner Mongolia, northwest Heilongjiang and other places, among which, there will be heavy to heavy snowfall in some areas of northeast Tibet and northern Sichuan Plateau. There were moderate to heavy rains in parts of the southwestern Sichuan Basin, central and eastern Chongqing, eastern Guizhou, northern Hunan, southern and eastern Hubei, northern Jiangxi, and southwestern Anhui, among which, there were heavy rains in the northwest of Hunan.
丨Around丨
1. On the 26th, in the fourth round of Group C of the 2026 World Cup Qualifiers, the Chinese team defeated the Singapore team 4-1 at home.
2. The World Table Tennis Professional League (WTT) announced on the 26th that Beijing won the right to host the 2024-2028 World Table Tennis Professional League China Grand Slam. The 2024 competition will be held from September 26 to October 6 at Shougang Park in Shijingshan, Beijing.
3. On the 26th, the Chihuang high-speed railway (Chizhou, Anhui Province to the east of Yixian County, Huangshan) ended the joint commissioning and joint test and transferred to the trial operation stage. After the opening of the operation, the operation between the two places will be shortened to about half an hour.
4. On the 26th, the first-instance verdict of the bribery case of Chen Xuyuan, former chairman of the Chinese Football Association, was announced, and the defendant Chen Xuyuan was sentenced to life imprisonment.
丨International丨
1. According to a report on the website of Japan's TBS TV station on the 26th, in view of the health care products produced by Kobayashi Pharmaceutical Company containing red yeast rice ingredients may cause damage to consumers' health, the relevant Japanese departments will conduct emergency inspections on the safety of all 6,795 functional foods on the market.
2. The Ministry of Health and Welfare of South Korea announced on the 26th that the South Korean government will complete the follow-up measures to expand the enrollment of medical universities by 2,000 by the end of May, and the Ministry of Education will visit the medical schools of various universities before the 29th of this month to listen to the relevant opinions needed to improve educational conditions.
3. On March 26, local time, the Central Bank of Brazil released the "Focus Report", raising Brazil's economic growth forecast for 2024 from 1.8% to 1.85%, and at the same time lowering the country's inflation expectations for 2024 and 2025.
4. According to the Indonesian Volcanology and Geological Hazard Research Agency (PVMBG), at 21:27 local time on March 26, an eruption occurred at Ibu Volcano in Indonesia, with an ash column about 2,800 meters away from the crater and an eruption duration of 249 seconds.
5. On March 26, local time, the Haitian government announced that it would extend the curfew in the western province where the country's capital, Port-au-Prince, is located, to March 29 from now on, and the state of emergency will continue until April 3 in accordance with the decree issued on the 6th of this month.
Company-related activities
丨Significant Events丨
1. Jiangnan Yifan (301023): plans to acquire 25% equity of Honghu Motor.
2. Matsui shares (688157): plans to acquire 20% of the shares of Changsha Songrun, a holding subsidiary, for 19.6 million yuan.
3. Hualian Co., Ltd. (000882): The subsidiary plans to purchase the real estate held by Yinchuan Hairong Xingda for 114 million yuan.
4. Tianyong Intelligent (603895): received the notice of winning the bid from Cialis Automobile Co., Ltd.
5. PowerChina (601669): The subsidiary signed a contract of about 7 billion yuan for coal mine infrastructure and divestment projects.
丨Market丨
丨U.S. Market丨
On Tuesday, local time, investors waited for the key inflation data for February in the United States, which will be released later this week, and the market expected that the data may rise more than expected, which will affect the prospect of the Federal Reserve cutting interest rates. At the close, the Dow fell 0.08%, the S&P 500 fell 0.28%, and the NASDAQ fell 0.42%.
Tesla announced that this week it will launch its FSD, a one-month free trial service for new car owners, in the U.S. market. It is reported that even though the price of the FSD service package has been reduced from the previous $15,000 to $12,000, or about 86,600 yuan, car owners' acceptance of this service has continued to decline since the third quarter of 2019. The company's stock price rose 2.92% against the market on Tuesday, believing that the introduction of the new measures is expected to improve Tesla's software services revenue growth prospects.
In Baltimore, Maryland, the United States, a container ship crashed into a bridge in the early hours of Tuesday morning, causing it to collapse. The container ship that hit the bridge flew the Singapore flag and was chartered by Danish shipping giant Maersk. This incident could affect cargo at the Port of Baltimore. The Port of Baltimore is the ninth-largest port in the United States in terms of international freight throughput. In terms of breakdowns, the Port of Baltimore is the largest port for car and light truck cargo in the United States, handling a total of 850,000 vehicles in 2023. Maersk shares closed down 2.09% on Tuesday, falling to their lowest level in four and a half years, as the accident could cause delays in the delivery of goods such as automobiles, agricultural and construction equipment from the Port of Baltimore, and investors worried about the risk of payouts.
丨European Market丨
The outlook for interest rate cuts by the European Central Bank and the Bank of England is positive for consumption, with retail stocks leading many European stock markets, and the three major European stock indexes collectively closing higher on Tuesday. At the close, the UK stock market rose 0.17%, the French stock market rose 0.41%, and the German stock market rose 0.67%.
丨Gold and Crude Oil丨
In terms of crude oil, oil prices in New York have been trading above the technical level of the 200-day moving average for several days, investors cautiously assess the supply and demand side of crude oil, coupled with the rise in the dollar index, international oil prices fell slightly on Tuesday. At the close, light crude futures for May delivery on the New York Mercantile Exchange settled at $81.62 a barrel, down 0.4 percent, and London Brent crude futures for May delivery settled at $86.25 a barrel, down 0.58 percent.
In terms of precious metals, the retreat in key U.S. Treasury yields is good for gold prices, and international gold prices once rose above the $2,200 per ounce integer mark on Tuesday, but the performance was weak after midday, and the gains quickly narrowed, and closed slightly higher on Tuesday. At the close, the New York Mercantile Exchange gold futures for June delivery closed at $2,177.2 an ounce, up 0.05%.
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Editor: Dong Lindan