► Xinhua News Agency: A recent research team at the Massachusetts Institute of Technology (MIT) said that some AI systems have learned how to deceive humans, including some that claim to have been trained to be helpful and honest. The research results were published in the journal Models, a subsidiary of American Cell Press.
► IWSR: The market for non-alcoholic and low-alcohol beer is already worth more than $13 billion in 2023, and the share of non-alcoholic beer in the overall alcohol market is expected to grow to nearly 4% by 2027. In response to the trend of healthy consumption, many beverage giants have also begun to increase the size of non-alcoholic beer.
Macroeconomic
1. Hong Kong Financial Secretary Paul Chan: On May 12, after more than a year of promotion, as of the end of April, about 290,000 applications had been received for various talent programs, of which about 180,000 had been approved and about 120,000 had come to Hong Kong. According to a survey conducted at the end of last year, the median age of those approved under TTPS was 35, and six were married, most of whom came to Hong Kong with their families.
2. Brokerage China: The maximum total issuance of the two treasury bonds issued by the Ministry of Finance is 30 billion yuan, with a maturity of 3 years and 5 years, and the coupon annual interest rate is 2.38% and 2.5% respectively. Although the release announcement indicated that the release period was from May 10 to May 19, most of the outlets sold out on the same day, and some were even sold out within an hour.
3. CCTV News: The 27 countries of the European Union have reached a consensus on the draft security commitment to Ukraine, which is intended to provide military and financial support to Kyiv in the long term. Confidential documents say that the draft has been endorsed by EU representatives, and the EU and Ukraine are currently discussing the details.
4. Financial breakfast: hot spots are non-stop, track what you want to hear. What is the reason behind the release of financing data in April and the "negative increase" in many indicators? What direction will the future hold? Wealthy friends, hurry up to the end of the article to view today's financial secretary tracking #4月金融数据引热议, mixed blessings?
Real estate dynamics
1. Shenyang City, Liaoning Province: It is necessary to speed up the construction of the project, highlight the transformation of old residential areas, the transformation of the old pipe network and the construction of the "three major projects", and the livelihood projects such as "guaranteed delivery of housing", promote the micro-renewal of main and secondary roads, back streets and alleys and "one river and two banks", enhance the collection and transportation capacity of rural domestic waste, implement domestic sewage treatment, and continuously improve the quality of urban and rural areas.
2. Shijiazhuang City, Hebei Province: If the conditions for the withdrawal of the housing provident fund for rental commodities are met, the cumulative withdrawal amount in the same natural year shall not exceed 12,000 yuan/person; If the lease contract for the record and registration of the housing rental supervision service platform is provided, the cumulative withdrawal amount in the same natural year shall not exceed 15,000 yuan per person. If a family that meets the conditions for withdrawing the housing provident fund for rental commodities and gives birth to two or more children, the certificate of family relationship shall be provided, and the cumulative withdrawal amount of the employee and his or her spouse in the same natural year shall not exceed 18,000 yuan/person.
Stock market stock
1. On Friday, the Shanghai Composite Index closed up 0.01% at 3154.55 points, up 1.60% for the week; The Shenzhen Component Index closed down 0.58% at 9731.24 points, up 1.50% for the week; The ChiNext index closed down 1.15% at 1,878.17 points, up 1.06% for the week.
2. On Friday, the Hang Seng Index closed up 2.30% at 18,963.68 points, up 2.64% for the week; The Hang Seng Tech Index closed up 0.38% at 3962.32 points, down 0.23% for the week; The state-owned enterprises index closed up 2.41% at 6718.86 points, up 2.62% for the week.
3. Economic Daily: Since the beginning of this year, the regulatory authorities have frequently issued fines and "cracked down" on illegal stock speculation, which is a wake-up call for the industry. Securities practitioners should enhance their sense of self-discipline, know and respect, be vigilant and fearful, and abide by the bottom line. Otherwise, once the "red line" of the law is crossed, the price paid will be much higher than the illegal gains obtained. The word "strict" is the first word, so that practitioners "dare not, cannot, and do not want" to buy and sell stocks in violation of regulations.
4. Chinanews.com: Recently, securities firms have been frequently taken administrative supervision measures or administrative penalties by regulatory authorities. On May 10, five more brokerages were "named". It was found that the five securities firms involved Guosen Securities, CICC, Shenwan Hongyuan, CITIC Securities, and Dongguan Securities not only have a number of head brokerages, but also involve brokerage investment banking business, brokerage business, asset management business and other business areas in terms of content.
5. Brokerage China: On May 11, the website of the Asset Management Association announced the latest 96 cancelled private equity fund managers. This is the first time that the Association has cancelled a private placement on this ground, and the Association's website has been updated accordingly.
6. Jicheng Electronics (2 boards): The company has not found that the recent public media has reported undisclosed material information that may or has had a greater impact on the company's stock trading price; Recently, the company's operating conditions have been normal, and there have been no major changes in the internal and external business environment.
7. Zhongman Petroleum: The company participated in the fifth and sixth rounds of oil and gas block bidding of the Iraqi Ministry of Petroleum, and successfully won the bid to obtain the development rights of EBN block and MF block in Iraq.
8. New share subscription: This week, there is no new share subscription.
9. Restricted sale: A total of 78 restricted shares were lifted, with a total of 3.111 billion shares and a market value of 40.794 billion yuan. Among them, Yahuilong ranked first on the list of lifting the ban with 7.613 billion yuan, and Bozhon Seiko and Maixinlin ranked second and third with 7.015 billion yuan and 2.276 billion yuan respectively.
Wealth Spotlight
1. China Fund News: At the end of April, nearly half of the net value of fixed-income bank wealth management products fell, with the largest decline reaching 140 BP, the largest drawdown in the year. In this context, wealth management companies can appropriately adjust their strategies to increase product returns on the one hand, and on the other hand, they also need to help investors establish reasonable return expectations.
2. Xiaoshan District and Linping District, Hangzhou: A new round of car purchase subsidies will be launched in 2024, with a total subsidy of 70 million yuan. The implementation time is from April 26 to June 30, and the automobile consumption subsidy in Xiaoshan District in the second quarter will be added by 50 million yuan on the basis of the original 30 million yuan.
3. Quilty Space: SpaceX's Starlink project is expected to generate more than $6.6 billion in revenue in 2024. This means that Starlink's revenue this year may jump to the first place in the world. The world's two largest satellite operators, SES and Intelsat, have just announced a merger that will result in annual revenues of about $4.1 billion.
Industry Watch
1. CCTV News: Asia's first cylindrical "offshore oil and gas processing plant" independently designed and built by the mainland, "Haikui No. 1", departed from Qingdao in Shandong Province on May 12 and will be transported to the Liuhua Oilfield in the Pearl River Estuary Basin by means of "big ships and small boats", laying the foundation for the secondary development project of the mainland's first deepwater oilfield to be put into operation within the year.
2. Xinhua News Agency: The direct passenger route between Shenzhen and Mexico City was officially opened on May 11, with a total length of more than 14,000 kilometers. This route has set a new record for the longest direct international passenger route of mainland civil aviation.
3. CNR: Recently, imitating fireflies using light to transmit information, Li Xuelong's scientific research team of Northwestern Polytechnical University used optical communication and intelligent information processing technologies to solve the problem that UAVs are susceptible to electromagnetic interference, so that UAV swarms can break through more stringent conditions and achieve efficient collaborative work.
4. CCTV Finance: After the beginning of summer, the temperature in many places across the country has risen rapidly, and the demand for home cleaning air conditioners has also risen. Data shows that for many urban households, air conditioners are generally cleaned once a year. Since April, orders for domestic service such as sterilization, cleaning and cleaning have increased by 350% month-on-month.
5. Finance Associated Press: Last week, the building materials market rose and fell, and the average price of rebar in China fell by 24 yuan/ton week-on-week. Although the sustainability of the release of downstream demand is unsatisfactory, the pace of resumption of steel mills has also slowed down in the case of raw materials squeezing out the profits of finished products, so the contradiction between supply and demand in the market is not large, although the spot market has reduced prices and shipments, but business confidence still exists.
6. Xinhuanet: The influence of China's electric vehicles in the Latin American market continues to expand. In the first four months, new vehicle sales in Brazil were eight times higher than in the same period last year. Electric vehicles and plug-in hybrids from Chinese automakers are becoming increasingly popular in Brazil, where sales have grown rapidly so far this year, reaching 48,000 units sold from January to April, eight times more than in the same period last year.
7. CCTV News: At 7:43 on May 12, the mainland successfully launched the test No. 23 satellite using the Long March-4C carrier rocket at the Jiuquan Satellite Launch Center. The Test-23 satellite is mainly used for space environment exploration. This mission was the 522nd flight of the Long March family of launch vehicles.
8. Central Meteorological Observatory: From May 13th to 15th, the maximum temperature in North China, Huanghuai and other places rose significantly, rising by 4-6 °C in most areas, but the minimum temperature did not rise significantly, and the temperature difference between day and night was large. The public needs to pay attention to the temperature change in time, add a coat when going out in the morning and evening, and change clothes according to the temperature change.
Company news
1. Arm: plans to develop artificial intelligence (AI) chips and strive to launch the first batch of products in 2025. An AI chip division will be established, with the goal of manufacturing prototypes by spring 2025, and mass production will be handled by contract manufacturers, which is expected to begin in the fall of 2025.
2. Shanghai Institute of Corporate Culture and Branding: ByteDance entered the list for the first time with a brand value of nearly one trillion yuan and ranked first in the top 100 list, followed by Tencent and Industrial and Commercial Bank of China, ranking second and third respectively; Alibaba, Huawei, and China Mobile all entered the top 10 list, ranking fourth, seventh, and eighth respectively.
Global vision
1. Xinhua News Agency: Against the backdrop of rising prices and shrinking real wage income, the Japanese people's enthusiasm for domestic tourism during this year's May Day "Golden Week" has declined, and the number of domestic tourists in many popular scenic spots has decreased. Japan's May Day "Golden Week" includes several national holidays from the end of April to the beginning of May, which is usually the peak season for tourism spending.
Financial data
domestic
1. RMB: Last Friday, the onshore RMB closed at 7.2246 against the US dollar at 16:30, up 0.0166% and down 0.23% for the week; The central price of the yuan was reported at 7.1011, up 0.0239%, down 0.07% for the week.
2. New Third Board: Last week, 4 new listed companies were added, with a turnover of 1.342 billion, an increase of 199.95% from the previous month. Up to now, the total number of companies listed on the New Third Board has reached 6,140.
3. Shanghai Environmental Exchange: Last week, the trading volume of the carbon emission allowance listing agreement in the national carbon market was 134,300 tons, with a total turnover of 13.2231 million yuan, and the closing price was 99 yuan/ton, down 3.88% weekly.
4. U.S. stocks: On Friday, the Dow rose 0.32% to 39,512.84 points, up 2.16% for the week; The S&P 500 rose 0.16% to 5222.68, up 1.85% for the week; The Nasdaq fell 0.03% to 16,340.87 points, up 1.14% for the week.
5. Europe: Last Friday, the German DAX30 index rose 0.46% to 18,772.85 points, up 4.28% for the week; France's CAC 40 index rose 0.38% to 8219.14 points, up 3.29% for the week; Britain's FTSE 100 index rose 0.63% to 8433.76 points, up 2.68% for the week.
6. Gold: On Friday, COMEX gold futures rose 1.14% to $2366.9 per ounce, up 2.53% for the week.
7. Crude oil: On Friday, WTI crude oil futures fell 1.26% to $78.26 per barrel in June, up 0.19% for the week. Brent crude futures for July fell 1.3% to $82.79 a barrel, down 0.2% for the week.
· April's financial data sparked heated discussions, mixed news? ·
► Soochow Securities: The financial data released on Saturday was "unexpected" in terms of volume and timing. The surprise is that there were many negative values in April's financial data, among which it is particularly noteworthy that the new social finance and M1 were "double negative" year-on-year. The "surprise" at the point in time is that the social finance data is rarely released after the cargo administration report, and the "unusual" expression of the report may be inextricably linked to today's data. We believe that the "unexpected" data will more or less trigger the market, coinciding with the Politburo meeting "raised" monetary policy, the central bank may soon ease to reduce the "negative", and the monetary policy led by the RRR cut and interest rate cut is expected to accelerate.
► Everbright Securities: The weakening of credit cyclicality driven by real estate and infrastructure investment, as well as the policy-guided banks' decline in "impulse" demands at some points in time, means that with the convergence of credit volatility, the center of credit growth may also be revised downward, and the market needs to adapt to the new credit delivery model. However, in the short term, there is no need to be pessimistic, the issuance of government bonds can form a fiscal multiplier to leverage a certain proportion of credit, and positive signals from the optimization and adjustment of policies in real estate and other aspects continue to be released, and the subsequent growth rate of social finance is expected to bottom out.
► CITIC Securities: The obvious decline in the growth rate of money supply is mainly due to the fact that since April, many deposit funds have been transferred to asset management products such as bank wealth management under the background of seasonal factors and strict supervision of manual interest supplements. The decrease in deposits of residents and enterprises confirms the phenomenon of "deposit moving", and the year-on-year decrease in fiscal deposits is mainly due to the slow process of government bond issuance, which reflects that the current pace of fiscal expenditure may be slowed down marginally. It should be noted that the decline in money supply this time is mainly due to the "squeezing of water" of some non-compliant deposit products, and is also related to the current more diversified wealth management methods, which cannot be interpreted one-sidedly as a decline in the ability of finance to support the real economy; On the contrary, we believe that the regulation of deposits will help revitalize funds and better support the recovery and development of the real economy.
► Hua Chuang Securities: It is expected that the growth rate of money supply will stabilize in the next few months. First, the financing demand of the real economy is gradually improving, and the financing demand in the fields of scientific and technological innovation, green development, and inclusive small and micro enterprises will also be more emerging. Second, government financing is expected to accelerate. The early issuance and use of ultra-long-term treasury bonds and the acceleration of the issuance and use of special bonds will also support the growth of monetary aggregates. Third, the bond market has gradually returned to the logic of fundamentals. Since late April, the 10-year treasury bond yield has risen, resulting in fluctuations in wealth management yields and a decline in attractiveness.
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