Important News Alert
National Development and Reform Commission: Since the beginning of this year, China's economy has continued to pick up and improve, achieving a steady start and a good start In May, a batch of new regulations have been implemented one after another, and the total box office (including pre-sale) of new films on May Day in 2024 will exceed 600 million yuan
Financial news
1. The person in charge of the National Development and Reform Commission answered reporters' questions on the economic situation and macro policies in the first quarter on May 1, saying that on the whole, a good start and a good recovery are the basic characteristics and trends of China's current economic operation. Key points include:
Accelerate the implementation of various established deployments and see actual results
Strengthen policy pre-research reserves and promote the introduction of policies in a timely manner according to the needs of the situation
Promote the optimization and reorganization of new energy vehicle enterprises
China will fully lift restrictions on foreign investment in the manufacturing sector
Accelerate the construction of a high-quality charging infrastructure system
Formulate guidelines for the construction of a unified national market
2. On May 1, the China National Space Administration reported that the fourth phase of the Chang'e-6 mission of the lunar exploration project is scheduled to be launched on May 3 after comprehensive research and judgment by the engineering mission command. This is the second launch mission of the Long March 5 launch vehicle, which will transport the Chang'e-6 probe to the Earth-Moon transfer orbit to carry out the sample return mission on the far side of the moon.
3. The China Association of Listed Companies released the 2023 operating performance report of China's listed companies on May 1, and as of April 30, a total of 5,327 listed companies on the three stock exchanges in Shanghai, Shenzhen and Beijing announced their 2023 annual reports, except for companies that announced delayed disclosure and delisting. The data shows that as the basic plate of the national economy, the overall performance of listed companies has continued to recover in the past year, the internal vitality has continued to gather, the return capacity has been steadily improved, and new achievements have been achieved in high-quality development. Up to now, 3,859 listed companies have announced or implemented cash dividend plans for 2023 (note: including quarterly, semi-annual, annual and special dividends), accounting for 92% of all profitable companies, and more than 100 companies have paid cash dividends for the first time since their listings.
4. On May 1, the official website of Nanjing Housing Provident Fund Management Center issued the "Implementation Measures for Personal Housing Loans in Nanjing Metropolitan Area of Nanjing Housing Provident Fund". The "Implementation Measures" point out that in-service employees in other cities in the Nanjing metropolitan area who have paid into the housing provident fund in accordance with the regulations shall purchase self-occupied housing within the administrative area of Nanjing and apply for housing provident fund loans from the Nanjing Housing Provident Fund Management Center, and the Nanjing Housing Provident Fund Management Center shall issue housing provident fund loans to them in accordance with the regulations. Applicable cities include Changzhou, Zhenjiang, Yangzhou, Huai'an, Wuhu, Ma'anshan, Chuzhou and Xuancheng. The number of housing units and the number of withdrawals are calculated separately according to the city where the house is purchased.
5. In May, a number of new regulations entered the implementation stage. These include:
The newly revised Law on Guarding State Secrets came into force on May 1.
From May 1, the "Guidelines for Sustainability Reporting of Listed Companies" issued by the three stock exchanges in Shanghai, Shenzhen and North respectively came into effect.
The Regulations on the Supervision and Administration of Non-bank Payment Institutions came into force on May 1.
The National Development and Reform Commission and other eight departments jointly issued the "Rules for the Review of Fair Competition in the Field of Bidding and Bidding", which came into force on May 1.
The Interim Regulations on the Administration of Carbon Emissions Trading came into force on May 1.
The National Development and Reform Commission and other departments newly revised the "Infrastructure and Public Utilities Concession Management Measures" came into force on May 1.
The State Administration for Market Regulation revised and promulgated the "Measures for the Administration of National Metrology Technical Specifications", which came into force on May 1.
The National Immigration Administration has decided to officially implement six policies and measures for the entry and exit management of convenience and enterprises from May 6.
6. Xinhua News Agency reported that the reporter learned from the Export-Import Bank of China that the bank recently successfully issued financial bonds in the interbank bond market to support the high-quality development of Shenzhen's foreign trade industry. It is understood that the amount of bonds issued in this issue is 5 billion yuan, with a term of 3 years, and the funds raised are specially used to support the high-quality development of Shenzhen's foreign trade industry. The subscription multiple of the whole market was 4.71 times, which was actively subscribed by the majority of investors.
7. According to the data of Maoyan Professional Edition, as of 21:32 on May 1, the total box office (including pre-sale) of new films on May Day in 2024 will exceed 600 million yuan, and "Peacekeeping Anti-riot Team", "The Siege of Kowloon Walled City" and "Spy Playing House Codename: White" are the top three on the box office list.
8. The Ministry of Natural Resources recently issued the "Notice on Doing a Good Job in the Supply of Residential Land in 2024", which proposes that all localities should optimize the scale, layout and structure of commercial office land and residential land in a timely manner according to market demand, and improve the residential land supply adjustment mechanism corresponding to the cycle of commercial housing and residential land stock. Cities with a de-conversion period of 18 months (exclusive) to 36 months shall, in accordance with the principle of "how much to revitalize and how much to supply", dynamically determine the upper limit of the area of newly transferred commercial residential land according to the area of the stock of commercial residential land (including completion and resumption) that has been revitalized in the current year.
9. At the end of the annual report disclosure season, a number of listed companies have sounded the alarm of delisting due to financial failure or audit reports that cannot express opinions. From April 29th to 30th, a number of companies such as *ST Garden City, *ST Tongda, *ST Mall, and *ST Carbon Yuan received prior notices of their intention to terminate their stock listings, and locked in "financial withdrawal" companies. As of April 30, 24 A-share companies have been locked in and delisted, of which 9 companies have completed delisting.
10. In April, the A-share market fluctuated upward, and the ranking of public active equity funds changed again during the year. Wind data shows that as of the end of April, Dongcai Digital Economy Hybrid Initiator A replaced the "champion base" Sino Analytic Active Return Hybrid A from January to March, becoming the "champion" of active equity funds in the first four months of this year, with an annual return of 28.86%.
Company News
1. Huawei: A reporter from the China Securities Journal learned that on the afternoon of April 30, Huawei issued an internal personnel adjustment document, announcing that Yu Chengdong will assume the position of chairman of the terminal BG, and He Gang, the former chief operating officer of the Huawei terminal BG, will take over as the CEO of the Huawei terminal BG. People familiar with the matter told reporters that Huawei has a sound internal governance structure, and this appointment for normal management can allow Yu Chengdong to have more energy to create high-quality products for consumers.
2. BYD: On the evening of May 1, BYD disclosed the latest production and sales report. In April, BYD's new energy vehicle sales were 313,200, a year-on-year increase of 48.96%. Overseas sales reached a new high of 41,011 units. It is worth mentioning that BYD has achieved monthly sales of more than 300,000 units for two consecutive months. From January to April this year, BYD's new energy vehicle sales totaled 939,500, a year-on-year increase of 23.24%.
3. Kweichow Moutai: Flush iFinD data shows that as of April 30, a total of 1,773 large transactions have occurred in the A-share market since April, with a cumulative turnover of 1.96 billion shares and a cumulative turnover of 27.538 billion yuan. Among them, Kweichow Moutai has continued to be active in block trading since December last year, ranking first in the list of individual stocks in terms of total turnover for five consecutive months, with a cumulative turnover of more than 30 billion yuan, and a cumulative purchase volume of 23.27 billion yuan by institutions, accounting for about 77.52% of the total turnover of block transactions during the period.
4. ZF: On May 1, ZF AG (ZF Group), one of the world's largest automotive suppliers, announced that ZF and Foxconn Technology Group, the world's largest electronics manufacturer, have officially completed the formation of a joint venture in the field of passenger car chassis systems on April 30. Foxconn acquired a 50% stake in ZF Chassis Module Co., Ltd. to achieve a 50:50 shareholding. The joint venture agreement was signed on 24 July 2023 and received regulatory approvals. The new joint venture, called ZF Foxconn Chassis Module Co., Ltd., will be at the heart of both companies' future growth strategies.
5. Changan Automobile: According to Changan Automobile's official WeChat news, Changan Automobile sold 51,700 new energy vehicles in April, a year-on-year increase of more than 129%, and from January to April, Changan Automobile's own brand new energy sales were 180,500 units, a year-on-year increase of more than 68%. 6. Starbucks: Wednesday closed down nearly 16%. Starbucks' first-quarter earnings report showed that the company's first-quarter net revenue was $8.56 billion, missing analysts' expectations of $9.13 billion. The company's sales fell quarterly for the first time since 2020, with sales in the first quarter (fiscal second quarter) down 4% year-on-year, while analysts expected a 1.46% increase.
Reporter: Zhang Lijing Editor: Ya Wenhui Proofreader: Jiao Yuanyuan
Producer: Zhang Nan Issued by: Sun Hong
