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Social class
1. The personal pension fund has reduced its fees for the first time
The reporter learned that in order to better meet the investment needs of investors, in accordance with relevant laws and regulations and the fund contract, Wells Fargo Fund decided to reduce the fund management fee rate and custody fee rate of the one-year holding period hybrid FOF of Wells Fargo Xinwang stable pension target from April 29. The annual management fee rate for the Fund's A share has been adjusted from 1.00% to 0.60%, the annual custody fee rate has been adjusted from 0.20% to 0.15%, and the annual management fee rate for the Fund's Y share has been adjusted from 0.50% to 0.30%, and the annual custody fee has been adjusted from 0.10% to 0.075%. It is worth noting that this is also the first time that individual pension funds have lowered their management fees. (China Securities Journal)
2. In the first quarter, the mainland's gold consumption was 308.905 tons
On April 26, the latest statistics from the China Gold Association showed that in the first quarter of this year, the national gold consumption was 308.905 tons, an increase of 5.94% compared with the same period in 2023. Among them, 183.922 tons of gold jewelry, down 3.00% year-on-year, 106.323 tons of gold bars and coins, up 26.77% year-on-year, and 18.660 tons of industrial and other gold, up 3.09% year-on-year. According to the China Gold Association, in the first quarter of this year, the impact of high gold prices on gold consumption was polarized. The rapidly rising gold price, coupled with factors such as high gold jewelry processing fees and brand premiums, has strengthened consumers' wait-and-see sentiment, which has suppressed gold jewelry consumption to a certain extent, and increased sales pressure on gold jewelry retailers. In contrast, physical gold investment has gained more attention due to the surge in safe-haven demand, with bar and coin consumption at relatively low premiums rising sharply.
3. The price of cabbage sold for May Day outbound air tickets in many places
The May Day holiday is approaching, and some netizens found that there seem to be signs of diving in the recent May Day air tickets, especially to avoid the first two days of May Day, and the price of outbound air tickets in the next few days is exciting. For example, the May Day flight from Shanghai to Jeju Island is only 12 yuan, the Qingdao flight to Seoul is only 35 yuan, the Shanghai flight to Osaka is only 80 yuan, and the Zhengzhou flight to Seoul is only 29 yuan. It is reported that the ticket price does not include taxes and fuel fees, but the low price is still attractive. (The Paper)
4. Many places in Hebei strictly prevent "cutting green and destroying grain"
Many places in Hebei are strictly guarding against "cutting green and destroying grain". On April 24, the People's Government of Gaopu Town, Shunping County, Hebei Province issued the "Proposal on Strictly Prohibiting the Behavior of Cutting Green and Destroying Wheat", saying that cutting green and destroying wheat is an irresponsible behavior. At the same time, this kind of behavior also violates the principle of sustainable agricultural development and damages the fruits of farmers' labor. It is reported that on April 21, Zhao County, Hebei Province, also made arrangements for the work of strictly preventing the cutting of green and the destruction of grain. (The Paper)
5. The price of fresh cut flowers rose slightly near May Day
Approaching the May Day holiday, at present, the Dounan Flower Market in Kunming, Yunnan Province is also lively. Judging from the types of cut flowers that everyone is holding, roses, lilies, peonies and other varieties are more popular. At most stalls, the price of common varieties of roses is 15 yuan per handful, peony is 30 yuan per handful, and lily is about 35 yuan per handful. According to reports, according to the practice of previous years, before and after the May Day holiday, there will be more newlyweds holding weddings, and the market demand for fresh cut flowers is large, so the price will rise slightly. (CCTV Finance)
Enterprise
1. Jia Yueting said that repaying debts and returning to China as soon as possible is the biggest dream
On April 25, Jia Yueting, founder of Faraday Future, said on social media: "It is my biggest dream to return to my motherland as soon as possible. I am willing to work hard to do anything that can earn money to pay off debts, make money to build cars, build cars to pay off debts, and return to the motherland as soon as possible. Jia Yueting said: "Over the years, we have repaid more than $10 billion for the company, which may be the world's largest personal guarantee case." Five years ago, I applied for a personal debt restructuring in the U.S. and reached and completed a restructuring plan. Under the U.S. legal system, I no longer have any debts. Nevertheless, I will do my best to settle my debts under the Chinese legal system as soon as possible. ”
2. Zhou Hongyi's response to being called "top stream"
The "top stream" of this year's Beijing Auto Show turned out to be Zhou Hongyi, the founder of 360 Group. On April 25, the first day of the opening of the Beijing Auto Show, a photo of Zhou Hongyi sitting on the roof of the car was widely circulated on social media, triggering heated discussions among netizens. In this regard, Zhou Hongyi responded at the 2024 Zhongguancun Forum: "To say that I am the top is to kill me, but in fact, I want to promote domestic new energy vehicles and intelligent connected vehicles." I'm a novice who only knows how to ride a car, and I can't even drive a car. It is a symbolic meaning that I sell my foreign luxury car, which means that I support the domestic auto industry, which is not top-notch. (China Business Daily reporter Lei Kexin, Wang Yifei)
3. Convenience Bee closes nearly 500 stores a year
On April 23, the China Chain Store & Franchise Association released the "2023 China Top 100 Convenience Stores" public list. The list shows that Meiyijia (33,848), Sinopec Yijie (28,633), and PetroChina Kunlun Hospitality (19,780) rank in the top 3, Tianfu Convenience and Lawson rank 4th and 5th with 7,208 and 6,330 respectively, and Furong Xingsheng, 7-11, Shizu, Hongqi Chain, and Shenzhen Yizhan rank 6-10th. Compared to the 2022 list, the top 10 has changed less. Meiyijia, the king of convenience stores, has dominated the list for two consecutive years, with the number of its stores increasing from 30,008 in 2022 to 33,848 in 2023, a net increase of 3,840, and among the top 10, the stores of Lawson, 7-11, and Full 3 brands have grown rapidly, adding 689, 587, and 563 stores respectively. It is worth noting that the number of convenience bee stores, which previously had 2,005, fell to 1,510, and nearly 500 were closed. (Interface News)
4. Bethany's online revenue declined for the first time in nearly five years
On the evening of April 25, Bethany, a leading skin care product leader, released its 2023 performance report. According to the data, in 2023, Bethany's net profit will be about 757 million yuan, a year-on-year decrease of 28.02%, and sales expenses will reach 2.61 billion yuan, a year-on-year increase of 27.43%. The reporter noticed that Bethany's online revenue declined for the first time in nearly five years, with its main brand Winona accounting for about 94% of its revenue, and the revenue of the remaining five brands is still small. Bethany's high-end brand, which costs more than 1,000 yuan, has had a relatively lackluster performance. (China Business Daily reporter Ma Jia)
5. Hermès' revenue in the first quarter amounted to 3.805 billion euros
Recently, Hermes released its financial report for the first quarter of 2024, with sales increasing by 17% to 3.805 billion euros, higher than analysts' forecasts of 3.68 billion euros. By market, Europe (excluding France) and France recorded growth of 15% and 14%, respectively, the Americas recorded growth of 12%, and Asia (excluding Japan) and Japan recorded growth of 14% and 25%, respectively. Unlike other brands, Hermès grew in all countries in the Asian region. Hermès chief financial officer Eric du Halgouet said that after the Chinese New Year holiday, Hermès saw a drop in footfall in March, with "slightly fewer customers" buying more affordable products such as its silk scarves. At the same time, he added, this loss was compensated for by strong consumer demand for its more expensive leather, ready-to-wear and jewellery products. (China Business Daily reporter Chen Qing)