Edited by: Wang Hanli, Wang Xiaobo
NO.1 Market News
According to data released by the U.S. Bureau of Labor Statistics on May 15, the U.S. CPI (Consumer Price Index) rose by 3.4% year-on-year in April, the same as market expectations, but still well above the Fed's 2% target, compared with 3.5% previously; Excluding food and energy, the core CPI rose 3.6% year-on-year, in line with market expectations and the previous value of 3.8%. On a month-on-month basis, the US CPI rose 0.3% in April, lower than the market expectation of 0.4%, and the previous value was 0.4%; Core CPI rose 0.3%, above market expectations of 0.2% and the previous reading of 0.4%. The U.S. Department of Commerce released retail sales data for April, which rose 0% month-on-month in April, compared with 0.7% in the previous month, lower than the market expectation of 0.4%.
The year-on-year growth of US CPI and core CPI in April both slowed from March to the lowest pace in three years, which rekindled the market's enthusiasm for the Fed to cut interest rates. The three major U.S. stock indexes collectively closed up and hit a record high, with the Dow up 0.88%, the Nasdaq up 1.4%, the S&P 500 up 1.17%, popular technology stocks generally rose, semiconductors, computer hardware sectors rose first, ultra-micro computer rose more than 15%, Dell Technologies rose more than 11%, AMD, Broadcom rose more than 4%, Nvidia rose more than 3%, Meta rose more than 2%, Apple, Microsoft, Google rose more than 1%. The focus of individual stocks, Game Station, fell more than 35% intraday at one point, and finally closed down 18.8%. Most of the Chinese concept stocks rose, and the Nasdaq China Golden Dragon Index rose 0.03%. iQiyi rose more than 6%, Tencent Music rose more than 4%, Pinduoduo, Alibaba, Vipshop, Futu Holdings, Baidu, Bilibili rose more than 1%, and JD.com, NetEase, and Full Bang rose slightly. NIO fell nearly 8%, Xpeng Motors fell more than 3%, and Li Auto fell more than 1%.
International oil prices rose across the board, with the June contract rising 1.09% to $78.87 per barrel. Brent oil July contract rose 0.68% to $82.94 a barrel.
The main indexes of European stocks closed with the German DAX 30 up 0.77%, the British FTSE 100 up 0.19%, the French CAC 40 up 0.17%, and the Euro Stoxx 50 up 0.41%.
NO.2 Five departments: carry out new energy vehicles to the countryside in 2024
On May 15, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Agriculture and Rural Affairs, the Ministry of Commerce, and the National Energy Administration jointly organized the 2024 new energy vehicles to the countryside activities, and from May to December 2024, select new energy vehicle models suitable for the rural market, good reputation and reliable quality, and carry out activities such as centralized exhibition and display, test ride and test drive, enrich the consumer experience and provide diversified choices. Organize charging and swapping services, financial services such as new energy vehicle underwriting, claims, and credit, as well as after-sales services such as maintenance, to go to the countryside to make up for the shortcomings of the supporting environment in rural areas. Implement support policies such as car trade-in, county-level charging and swapping facilities to make up for shortcomings, and direct "real money" discounts to consumers. (Ministry of Industry and Information Technology website)
NO.3 Two departments: improve the recycling system of renewable resources
On May 15, the General Office of the Ministry of Commerce and the General Office of the Ministry of Finance issued a notice on improving the recycling system of renewable resources and supporting the trade-in of durable consumer goods such as household appliances. The notice proposes that, in combination with the actual situation, we should make overall plans to make good use of the funds related to the county's commercial construction actions, focus on breaking through the recycling of waste household appliances and furniture, and support the transformation and upgrading of service outlets such as household appliances and furniture recycling focusing on counties and towns, so as to smooth the consumption cycle of household appliances renewal. The main directions of guidance and support: First, improve the transfer facilities of the county-level renewable resource recovery system. The second is to support commercial outlets such as township business centers to provide life services such as waste household appliance recycling, second-hand household appliance distribution, and maintenance. The third is to support waste household appliance recycling enterprises to equip renewable resource recovery vehicles, and promote flexible mobile recycling models such as "car instead of library". (Ministry of Commerce website)
NO.4 The China Securities Regulatory Commission issued the "Regulations on the Administration of Programmatic Trading in the Securities Market (Trial)"
On May 15, the China Securities Regulatory Commission (CSRC) issued the Regulations on the Administration of Programmatic Trading in the Securities Market (for Trial Implementation). The Administrative Provisions make comprehensive and systematic provisions on the supervision of programmatic trading (commonly known as quantitative trading) in the securities market, which is an important measure to strengthen the supervision of market trading behavior. The first is to clarify the definition and overall requirements of programmatic transactions. The second is to clarify the reporting requirements. The third is to clarify the requirements for transaction monitoring and risk prevention and control. Fourth, strengthen the management of information systems. Fifth, strengthen the supervision of high-frequency trading and clarify the definition of high-frequency trading. Sixth, clarify the supervision and management arrangements. Seventh, it is clarified that northbound programmatic transactions shall be included in the reporting management in accordance with the principle of consistency between domestic and foreign investment, and the transaction monitoring standards shall be implemented, and other management matters shall be applied by reference to these provisions, and the specific measures shall be formulated by the Shanghai and Shenzhen Stock Exchanges and announced separately. (SFC website)
SFC Issues Guidelines on Application of Regulatory Rules – Issuance No. 10
According to the news on the website of the China Securities Regulatory Commission on the 15th, in order to implement the new "National Nine Articles" and the "Opinions on Strictly Controlling the Access to Issuance and Listing to Improve the Quality of Listed Companies from the Source (Trial)", promote all parties to establish the concept of being responsible for investors, strengthen the behavioral constraints of enterprises to be listed, and effectively protect the interests of investors, on May 15, the National Investor Protection Publicity Day, the China Securities Regulatory Commission issued the "Guidelines for the Application of Regulatory Rules - Issuance No. 10", which will be implemented immediately.
NO.5 China and the United States held the first meeting of the Intergovernmental Dialogue on Artificial Intelligence
On May 14, 2024 local time, the first meeting of the China-US Intergovernmental Dialogue on Artificial Intelligence was held in Geneva, Switzerland. The meeting was co-chaired by Yang Tao, Director General of the Department of North America and Oceania of the Ministry of Foreign Affairs of the People's Republic of China, Acting Special Envoy for Critical and Emerging Technologies of the U.S. Department of State, and Chabra, Senior Director of Technology and National Security of the National Security Council of the People's Republic of China. The two sides had an in-depth, professional and constructive exchange of views on AI technology risks, global governance, and other issues of concern to each other. ("Broad Pacific" WeChat public account)
NO.6 National Immigration Administration: Fully implement the visa-free entry policy for foreign tourist groups by cruise
The National Immigration Administration issued an announcement on May 15 that after consulting with the Ministry of Foreign Affairs, the National Development and Reform Commission, the Ministry of Transport, the Ministry of Commerce, the Ministry of Culture and Tourism, and the General Administration of Customs, and reporting to the State Council for approval, the National Immigration Administration has decided to fully implement the visa-free entry policy for foreign tour groups taking cruise ships at all cruise ports along China's coast. (Xinhua News Agency)
NO.7 Does China impose new tariffs on U.S. products? The Ministry of Foreign Affairs responded
In response to the US announcement of new tariffs on China, Foreign Ministry spokesperson Wang Wenbin said at a regular press conference on May 15 that the Chinese authorities have issued a press release on relevant issues, which can be consulted. The US continues to politicize economic and trade issues and further increase tariffs on China, which is a mistake on top of a mistake, which will only significantly increase the cost of imported goods, make US companies and consumers bear more losses, and make US consumers pay a greater price. Wang Wenbin said that according to Moody's estimates, American consumers bear 92% of the cost of imposing tariffs on China, and American households will spend an additional $1,300 a year, and the protectionist measures of the United States will also cause greater damage to the security and stability of the global production and supply chain. A number of European politicians have said that tariffs are the next way to undermine global trade. "We urge the US side to earnestly abide by the rules of the WTO and immediately lift the additional tariffs imposed on China. China will take all necessary measures to defend its rights and interests. He said. (The Paper)
NO.8 Nanjing took the lead in lowering the interest rate of the first home loan? ICBC responded
Recently, a news that "Nanjing took the lead in lowering the interest rate of the first home loan" has attracted market attention. On May 15, the reporter learned from the industry that some banks in Nanjing are ready to adjust the execution interest rate of the first home loan to 3.45%. "I have received a 'verbal notice' from the bank today. Starting tomorrow, the mortgage rate of 3.45% will apply for the first home. The interest rate on second home loans remained unchanged at 4.25%. On May 15, a person from the Nanjing Personal Loan Center of the Industrial and Commercial Bank of China told reporters. (SSE News)
NO.9 Lin'an District, Hangzhou: Acquire a batch of commercial housing in the district for public rental housing
The Housing and Urban-Rural Development Bureau of Lin'an District, Hangzhou City, recently issued an announcement that the People's Government of Lin'an District decided to purchase a batch of commercial housing for public rental housing within the scope of Lin'an District. The listing is required to be located within the Lin'an District of Hangzhou. The basic conditions of the house are as follows: (1) the house is based on the whole building as the basic acquisition unit, and the construction area of a single set does not exceed 70 square meters; (2) The acquisition of housing needs to be matched with a certain proportion of parking spaces, and the number of parking spaces for sale in the housing space meets the matching conditions, that is, each set below 60 square meters (inclusive) shall be configured according to the proportion of 0.6 parking spaces, and each set above 60 square meters shall be configured according to the proportion of 1.0 parking spaces.
NO.10 International News
Zelensky signed a decree on a number of decisions on Ukraine's withdrawal from the CIS countries
According to the website of the President of Ukraine on the 15th local time, Ukrainian President Volodymyr Zelensky signed a decree on Ukraine's withdrawal from the Commonwealth of Independent States (CIS) countries on the same day.
Lawrence Wong was sworn in as Singapore's fourth Prime Minister
On the evening of the 15th, Lawrence Wong was sworn in as the fourth Prime Minister of Singapore at the Presidential Palace of Singapore. (CCTV News)
The second round of discharge of nuclear-contaminated water from Fukushima into the sea began on the 17th of this year
Japan's Tokyo Electric Power Company's Fukushima Daiichi Nuclear Power Station will start the second round of sea discharge this year on May 17, and by the 4th of next month, a total of about 7,800 tons of polluted water will be discharged. (CCTV International News)
The Prime Minister of Slovakia was injured in a shooting
On May 15, foreign news reports reported that the Slovak prime minister was injured in a shooting incident. (Xinhua News Agency)
NO.1 Starting from 219,900 yuan, the first car of the Weilai sub-brand, the Ledao L60, was released
NIO (stock price: $5.325, market capitalization: $11 billion): On the evening of May 15, NIO's sub-brand Ledao Automobile held a press conference and officially released its first car, the Ledao L60, with a pre-sale price starting at 219,900 yuan. At the press conference, Li Bin, founder and chairman of NIO, said that 10 years ago, the NIO brand was established, focusing on the high-end pure electric market, hoping to use this as a starting point to radiate more user groups. Today, the release of the Ledao brand is the second brand launched based on NIO's previous accumulation in technology, products, services, and charging and swapping system construction.
Comments: The release of the sub-brand Ledao Auto means that NIO's layout in the pure electric vehicle market continues to expand, and it can provide more choices to consumers.
NO.2 Baidu: Consider possible cooperation opportunities with Tesla on Robotaxi
Baidu (BIDU, stock price: $110.75, market capitalization: $38.8 billion): On May 15, Xu Baoqiang, general manager of Baidu's autonomous driving technology department, told reporters that for Tesla's Robotaxi (shared taxi), Baidu will consider possible cooperation opportunities according to Tesla's specific application model and the pace of entering the Chinese market. (SSE News)
Comments: Baidu's cooperation with Tesla is expected to promote the application and development of autonomous driving technology, bringing more innovation and competition in the field of new energy vehicles.
NO.3 FAW-Volkswagen issued a "letter to all employees"
FAW-Volkswagen: A few days ago, FAW-Volkswagen issued an internal notice called "Breakthrough Action" was exposed, "FAW-Volkswagen is in the last and only transformation window period, except for the backwater we have no way out, only to live with one heart to die." In this regard, the reporter of "Daily Economic News" asked FAW-Volkswagen for verification, but did not receive a reply as of press time. However, the reporter learned from a person close to FAW-Volkswagen that the content of the above-mentioned "breakthrough action" is true, and it was sent by FAW-Volkswagen to employees in the whole system, including the Volkswagen brand, FAW Audi and Jetta brands.
Comments: The company has sent an urgent signal of transformation, which has aroused the attention of investors and the industry, and the development strategy and transformation progress of FAW-Volkswagen will receive great attention from the market in the future.
NO.4 Great Wall Cannon responds to "The owner was killed by the neck of the electric tent on the roof"
Great Wall Motor (601633, stock price: 27.71 yuan, market capitalization: 236.7 billion yuan): May 15, @长城炮发布声明: May 11, 2024, Chengdu users had an accident during the use of Shanhaiju rooftop tents, we attach great importance to and deeply sadden, and express deep condolences to the victims. For a long time, Great Wall Pickup has been adhering to the attitude of being responsible for users and protecting the rights and interests of users in an all-round way. At present, we are closely monitoring the progress of the investigation of this incident, and will fully assist the Akinoji brand, actively cooperate with the investigation of relevant departments, and provide all necessary support to the family.
NO.5 Microsoft responds to the rumors that the AI team in China is "packing to the United States".
Microsoft (MSFT, stock price: $423.08, market capitalization: $3,144.5 billion): Around the rumors that Microsoft's artificial intelligence team went to the United States en masse, Microsoft responded to reporters on May 15 that a small number of Microsoft employees have the opportunity to choose international rotation, and employees can choose to accept rotations, or continue to work in their current positions. It was previously reported that Microsoft headquarters issued an email informing multiple teams in charge of artificial intelligence research in China to relocate to the United States or Australia as a whole, involving hundreds of employees, and employees who received the email need to make a decision before June 7, and they can also choose to get severance compensation, and Microsoft America can also help solve the dependent's visa. (21st Century Business Herald)
Comments: Microsoft responded to the rumors of the AI team in China, emphasizing the fact that the rumors were untrue and maintaining the company's image.
NO.6 5 million+ fans Internet celebrity women's clothing suddenly closed the store, and it was revealed that 35 million yuan ran away
Teenage Kayla Women's Store: May 15, #卷款3500万跑路网店关联公司已注销#登上微博热搜. On May 14, a consumer on social media broke the news that Taobao's 5.5 million followers merchant "Girl Kayla" closed its store and ran away, and the store was still live broadcast on May 12. According to the Beijing News, "Girl Kayla" owes a total of about 35 million yuan for goods, involving more than 300 suppliers.
Comments: The review of the operation and compliance of online stores should be strengthened to protect the rights and interests of consumers.
NO.7 Boeing "Starliner" manned test flight postponed again
Boeing (BA, stock price: $177.09, market cap: $108.7 billion): The Washington Post reported that Boeing said it would again postpone the first manned flight of the Starliner spacecraft due to the discovery of a helium leak. The first manned test flight of the "Starliner" spacecraft was originally scheduled to start on the night of 6 June local time, but it was canceled due to a valve failure of the "Cosmos 5" rocket carrying the spacecraft. (CCTV News)
Comment: The postponement of the first manned flight again could have a negative impact on the company's reputation and market competitiveness.
NO.8 Xiaomi Auto: Completed the delivery of the 10,000th Xiaomi SU7
Xiaomi Group-W (01810, stock price: HK$19.98, market capitalization: HK$498.6 billion): On May 15, Xiaomi Auto posted on its official Weibo that it had just completed the delivery of the 10,000th Xiaomi SU7.
Comments: The delivery of 10,000 vehicles demonstrates the brand's development momentum and market response, and also proves Xiaomi's competitiveness and influence in the automotive industry.
NO.9 Apple revealed a number of new accessibility features that will be launched soon
Apple (AAPL, stock price: $189.72, market capitalization: $2,909.2 billion): On Wednesday morning local time, Apple spoiled a batch of upcoming new accessibility features in advance. These include allowing users to control their iPhone and iPad with just their eyes, using the haptic engine to feel music, reducing motion sickness with vehicle motion cues, setting voice shortcuts, and the "Personal Voice" feature will also support Mandarin.
Comments: This is expected to improve user satisfaction with Apple's products and further strengthen Apple's leadership position in the consumer electronics industry.
NO.10 MSCI China A-share Index added 8 new targets and excluded 41 stocks
MSCI: MSCI, the international index compilation company, announced the results of its quarterly index adjustment for May 2024 on May 15, Beijing time, which will take effect after the close of trading on May 31, 2024. In this adjustment, 42 new stocks have been added to the MSCI Global Standard Index, including 8 A-share targets; At the same time, 121 stocks were removed, including 41 A-share targets. (Brokerage China)
Comments: The adjustment of the MSCI China A-share index may have a certain impact on the market for the addition and exclusion of individual stocks.
Investment interactions
Caixin Securities: battery production and sales maintain steady growth, the overcapacity situation is expected to gradually improve, leading enterprises in all links of the industrial chain in terms of technology, scale, cost, customers and other aspects of the overall advantage, it is recommended to pay attention to: CATL, Tianci Materials, Kedali, etc.
Reporter: Wang Lin
Edited by: Wang Hanli, Wang Xiaobo
Disclaimer: The content and data of the article are for reference only and do not constitute investment advice. Investors act accordingly at their own risk.
National Business Daily