A list of blockbuster financial events in the week from August 5th to August 9th, the following are Beijing time: Highlights of the week: China's July CPI, PPI, financial, import and export data, 151 A-share companies issued semi-annual reports, and the Paris Olympics closed.
China's July CPI and PPI data On Friday, August 9, the National Bureau of Statistics will release the July CPI and PPI data. According to previous data from the National Bureau of Statistics, in the first half of 2024, the CPI will rise by 0.1% year-on-year, of which 0.3% in the second quarter; Core CPI was basically stable, rising 0.7% year-on-year. Caitong Securities believes that since July, the price of eggs and pork has continued to rise, the price of fresh vegetables has turned from falling to rising, and the price of fresh fruit has fallen. Driven by the easing of the drag on food items, coupled with the peak summer tourism season to boost travel-related consumption, the year-on-year CPI growth rate is expected to rise to 0.5% in July. Since July, the year-on-year growth rate of the Ministry of Commerce's means of production price index and CRB spot index has declined in July, and the year-on-year growth rate of PPI is expected to narrow slightly to -0.7% in July. The research of the People's Bank of China pointed out that in July, domestic consumption showed a situation of weak goods and strong services. In terms of commodity consumption, demand fell after the mid-year promotion in June, and automobile sales declined, reflecting the current insufficient demand for consumer goods. In terms of service consumption, the summer vacation drove up the consumption of tourism, movies and entertainment, and tourism was better than the same period last year, but there was still a gap between film consumption and last year.
China's July import and export data On Wednesday, August 7, the General Administration of Customs will release China's July import and export data. Previous data showed that China's exports in the first half of the year increased by 6.9% year-on-year in RMB terms; Imports increased by 5.2 percent. According to CMBC Research, mainland exports are still resilient in the short term. On the one hand, the "rush for exports" continues. As the probability of Trump's victory rises, using the last window of time to increase exports is the choice of many foreign trade companies. On the other hand, the logic of overseas inventory replenishment continues, and external demand is still supported in the short term.
China's July financial dataChina's July financial data will be released from August 9 to 15 from time to time. According to the previous data of the People's Bank of China, the new social financing in June was 3.3 trillion yuan, and the new RMB loans were 2.1 trillion yuan, a sharp increase from the previous value. The M2-M1 scissors difference was 11.2%, basically unchanged from May. M1 continued to grow negatively, and M2 continued to decline. The Securities Times quoted authoritative experts as saying that the current decline in the growth rate of the financial aggregate index should be viewed rationally, which is the result of a combination of factors such as weak effective financing demand, cracking down on capital idling, diverting deposits in the bond market, reducing the supervision of local governments on deposits and loans, and economic structural transformation. At present, it is necessary to gradually dilute the focus on the financial aggregate index and pay more attention to the role of interest rate regulation.
China's Caixin PMI for July will be released on Monday, August 5, China's Caixin services and composite PMI data for July. According to the previous data released by the National Bureau of Statistics, the manufacturing PMI index in July was 49.4, a slight decrease of 0.1 percentage points from the previous month, and the prosperity of the manufacturing industry was basically stable. The non-manufacturing and composite PMI output indices were both 50.2 percent, down 0.3 percentage points from the previous month, and the overall output of the mainland economy continued to expand.
Other important data, meetings and events151 A-share companies will issue semi-annual reports From August 5 to 9, 151 A-share listed companies released their 2024 semi-annual reports, including China Mobile, Kweichow Moutai, Oriental Fortune, Fuyao Glass, Focus Media, etc., and 62 companies in Hong Kong announced financial reports, including Yum China, Swire Properties, Uni-President China, etc. In terms of overseas markets, pay attention to the financial reports of important companies such as Novo Nordisk, SoftBank, Disney, Supermicro Computer, and Eli Lilly. The price of refined oil may continue to be lowered, and the window for this round of price adjustment is 24 o'clock on August 8. The results of the latest round of price adjustment show that since 24 o'clock on July 25, domestic gasoline and diesel prices (standard products, the same below) have been reduced by 145 yuan and 140 yuan per ton respectively, which is the fifth reduction in domestic refined oil prices this year. Wang Yanting, senior analyst of Jinlianchuang refined oil products, believes that crude oil prices will still maintain a fluctuating trend in the short term, and the probability of a reduction in the retail price of domestic refined oil products is relatively large. According to the website of the National Development and Reform Commission, the Measures for the Management of Price Indices of Important Commodities and Services will come into force on August 11. According to the Administrative Measures, the price index with the words "China" and "National" shall fully prove in the price index compilation plan that the proportion of the transaction size of the corresponding commodity or service market covered by the information collection point in the national market, and that the coverage can accurately and effectively reflect the national market price. Huawei will hold a full-scenario new product launch conference, and Huawei announced that the HarmonyOS Zhixing Xiangjie S9 and Huawei all-scenario new product launch conference will be held at 14:30 on August 6. It is reported that a number of new products will be launched at this conference, including Xiangjie S9, smart speakers, NOVA folding screen mobile phones, etc., of which Xiangjie S9 is the first model cooperated by Huawei and BAIC. The Paris Olympics will conclude and the Paris Olympics will close on August 11 local time. In this Olympic Games, 405 athletes of the Chinese sports delegation participated in 30 major events, 42 sub-events and 236 sub-events, which was the largest number of overseas sports events of the Chinese sports delegation. HKEX's new Managing Director will take up on 30 July, with HKEX announcing the appointment of Chan Chung-sze as Managing Director and Head of Post-Trade Business. Ms Chan will take up her new role on 5 August, reporting to HKEX Co-Chief Operating Officer and Group Chief Financial Officer Ms Bean Lau. Chan will succeed the current Head of Clearing and Depository, Liu Xijing, who decided to pursue a career outside the group after seven years at the Hong Kong Stock Exchange. Boeing's new CEO will take office According to Boeing, the Boeing board of directors elected Robert · · Altberg is the new president and CEO, succeeding retiring David · Calhoun. The appointment is effective August 8, 2024. Altberg will also serve as a director of The Boeing Company. The United States Treasury Department will increase the size of short-term Treasury bond issuance next week According to media reports, the United States Treasury Department plans to "moderately increase" the size of short-term Treasury bill issuance next week and keep it unchanged until the end of August. The United States Treasury Department said it expects to issue a short-term cash management note to meet cash management needs around the end of August. Taking into account the non-withholding corporation tax date of 15 September, it is expected to reduce the size of the offering from early to mid-September, and then increase all tenders in October based on the expected outflows. The 6th China Swine Science and Technology ConferenceThe 6th China Swine Science and Technology Conference (CSSC 2024) will be held in Yantai, Shandong Province from August 5 to 7, 2024, and the "2024 International Symposium on Porcine Reproductive and Respiratory Syndrome (IPRRSS 2024)" and "2024 African Swine Fever Symposium (ASFS 2024)" will be held at the same time.
From August 5th to August 9th, there will be 2 new shares issued in A-shares, Weihua New Materials and Kema Technology will be issued on August 5; Zhongmiao Holdings ("Insurance Intermediary No. 1 Shares") and Black Sesame Intelligence ("No. 1 Autonomous Driving Chip Shares") will be listed on the main board of the Hong Kong Stock Exchange on August 6 and August 8 respectively; There are no new listings on the U.S. stock market.
A total of 15 new funds (Class A and Class C combined) were issued that week.
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