On August 1, the market fluctuated and adjusted in early trading, and the gem index heavyweights CATL and EVE Lithium Energy fell. At 10:30, the broader market index suddenly fluctuated downward. At the close, the Shanghai Composite Index fell 0.22%, the Shenzhen Component Index fell 0.95%, and the ChiNext Index fell 1.33%. The half-day turnover of the Shanghai and Shenzhen stock exchanges was 517.2 billion yuan.
In overseas markets, Japan's stock market plunged sharply after the opening today, with the Nikkei 225 index falling 3.49% intraday, completely swallowing yesterday's gains.
According to media reports, Japan authorities invested 5.53 trillion yen (about $36.8 billion) in July to support the yen. This morning, USDJPY broke through the 150 key level.
On July 31, local time, the Bank of Japan decided to raise the benchmark interest rate to 0.25%. According to the announcement of the monetary policy meeting issued by the Bank of Japan, the Monetary Policy Committee voted 7:2 to approve the latest monetary policy adjustments, mainly including the Bank of Japan's increase in the policy rate from 0-0.1% to around 0.25%. The Bank of Japan will also gradually reduce the size of its government bond purchases from about 5.7 trillion yen currently to 3.1 trillion yen in the first quarter of 2026.
The concept of new urbanization has changed
Benefiting from the main line of policy force, new urbanization concept stocks still have a good performance. Yingjianke "20CM" daily limit, Zhejiang Construction Investment, liberal arts shares daily limit.
On the news side, the State Council recently issued the "Five-Year Action Plan for the In-depth Implementation of the People-oriented New Urbanization Strategy", proposing that after five years of efforts, the channels for the agricultural transfer population to settle in the city will be further unblocked, and a number of modern metropolitan areas with strong radiation driving force will be cultivated, and the urbanization rate of the permanent population will be increased to nearly 70%.
Huafu Securities believes that in terms of new urbanization, construction land is expected to be inclined to advantageous areas, and land reform is expected to continue to advance.
Rail transit concept stocks also rose sharply this morning, with the "20CM" daily limit of Jiaotong University Sinuo and the daily limit of Shenzhou high-speed rail.
The above-mentioned "Action Plan" points out that it is necessary to improve the efficiency of intercity commuting and steadily promote the construction of rail transit network in the metropolitan area. Explore the extension of rail transit in the central city to surrounding towns, and encourage the use of direct stops such as large stations.
The auto sector rebounded
The concept stocks of automobile vehicles fluctuated higher, and Haima Automobile and Ankai Bus rose to the limit.
This morning, the Ministry of Transport and the Ministry of Finance issued the "Implementation Rules for the Renewal Subsidy of New Energy City Buses and Power Batteries", which mentioned that urban public transport enterprises will be given fixed subsidies for updating new energy city buses and replacing power batteries. Encourage the combination of passenger flow changes, the development of the urban public transport industry, etc., a reasonable selection of the replacement of the new energy city bus captain type. The average subsidy per vehicle is 60,000 yuan, of which, for the renewal of new energy city buses, the average subsidy per vehicle is 80,000 yuan; For the replacement of power batteries, the subsidy is 42,000 yuan per vehicle. All localities shall formulate local subsidy standards according to the subsidy funds arranged by the Ministry of Finance and the Ministry of Transport and the performance targets issued.
Smart ride-hailing concept stocks rose strongly.
This morning, the official website of the Guangzhou Municipal People's Congress released the "Regulations on the Innovation and Development of Intelligent Connected Vehicles in Guangzhou (Revised Draft· Draft for Comments)", which intends to support the application of intelligent networked vehicles in transportation hubs such as highways, airports, and ports, as well as travel service scenarios such as urban buses and taxis. The municipal government will steadily promote the large-scale operation of intelligent networked vehicles, and open up roads for mixed operation of autonomous driving and human driving throughout the city. The regulations clarify the safety and liability criteria for ICVs, and require relevant companies to ensure data storage and accident analysis. Guangzhou has opened a number of self-driving convenience bus routes, and introduced the "Carrot Run" driverless online car-hailing.
In addition, Uber Technology, a global mobility platform, recently announced that the company signed a strategic cooperation agreement with China's electric vehicle leader BYD to introduce 100,000 BYD electric vehicles into major global markets. Uber and BYD also announced in the announcement that the two companies will also cooperate to deploy "self-driving" BYD cars to the Uber platform in the future to bring self-driving technology to a global audience on a large scale.
N Boshi Knot Soars 116%
Today's GEM new shares were listed, and they soared by more than 140% in the morning. As of the midday close, it was up 116.07%.
According to the data, Boshijie is a high-tech enterprise specializing in the research and development, design, production and sales of intelligent hardware products of the Internet of Things, and the company's products are mainly used in the three major fields of intelligent transportation, smart travel and intelligent payment hardware. In the field of intelligent transportation, it provides intelligent vehicle terminal products for the Internet of Vehicles industry. In the field of smart travel, it provides smart travel components for the two-wheeled green travel industry. In the field of smart payment hardware, it provides stable, safe and reliable IoT smart payment hardware for users in the mobile payment industry. The company has accumulated many high-quality industry customer resources, including Qingdao Zhongrui, Zhongjiao Xinglu, Hello Chuxing, Didi Chuxing, Tenpay (a subsidiary of Tencent), etc.
In terms of performance, from 2021 to 2023, Boshijie achieved operating income of 1.336 billion yuan, 1.210 billion yuan, and 1.123 billion yuan, and net profit of 194 million yuan, 158 million yuan, and 174 million yuan respectively. The company expects to achieve operating income of 610 million yuan to 650 million yuan in the first half of this year, a year-on-year increase of 6.01% to 12.96%; The net profit was 95 million yuan to 101 million yuan, a year-on-year increase of 9.56% to 16.48%.
New Oriental opened sharply
Hong Kong stocks also staged a flash crash today. New Oriental, a leading education and training company, plummeted at the open, once falling more than 17%.
On the evening of July 31, New Oriental announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended May 31, which showed that in the fourth quarter of fiscal year 2024 (March to May 2024), New Oriental achieved net revenue of US$1,136.7 million, a year-on-year increase of 32.1%; operating profit was 10.527 million US dollars, down 78.1% year-on-year; The net profit attributable to shareholders was 26.972 million US dollars, down 6.9% year-on-year. This is the first time in the past eight quarters that New Oriental's operating profit and net profit have experienced a year-on-year decline in a single quarter.
Due to the weaker than expected results, New Oriental's U.S. stock price closed down 9.29% overnight at $62.82 per share.
On July 25, Dongfang Selection, a subsidiary of New Oriental, announced that Dong Yuhui resigned, and Dongfang Selection's wholly-owned subsidiary, Hehui Tongtong, officially became independent from Dongfang Selection, and Dong Yuhui personally held 100% of its equity.
Editor: Zhang Nan Ya Wenhui
Picture editor: Yin Jian
Proofreading: Zhang Diange
Issued by: Peng Yong