Today's attention //
1. The financial management department has carried out window guidance: bank credit funds are strictly prohibited from entering the stock market in violation of regulations
2. Some brokerages issued a notice prohibiting employees from trading stocks in violation of regulations
3. Ministry of Commerce: China is studying measures such as raising tariffs on imported large-displacement fuel vehicles
4. More than 40 companies announced plans to reduce their holdings
5. Retail investors "run" into the market, and the number of retail investors in some index funds has surged by 5 times
6. The United States court ordered Google to open Android to third-party app stores
7. The Federal Aviation Administration of United States issued a safety alert on the Boeing 737 rudder issue
Macro Policy //
1. Li Qiang presided over a symposium of experts and entrepreneurs on the economic situation
Premier Li Qiang presided over a symposium of experts and entrepreneurs on the economic situation. Li Qiang stressed that all parties should strive to complete the annual economic and social development goals and tasks. We should pay close attention to the implementation of a package of incremental policies, speed up the implementation of the policies that have been introduced, ensure early implementation and early results, and come up with specific plans for the policies being studied as soon as possible. Track and evaluate the effect of policy transmission, the optimization of the optimization, and the afterburner of the afterburner. At the same time, in combination with the planning of next year's economic work, we will study and reserve a number of policy measures to stabilize the economy and promote development, and launch them in a timely manner according to changes in the economic situation.
2. Li Qiang presided over the 10th special study of the State Council
The State Council conducted the 10th special study with the theme of "Enhancing the Consistency of Macro Policy Orientation, Strengthening Policy Coordination and Improving the Implementation Effect". Premier Li Qiang pointed out when presiding over the study that it is necessary to accurately grasp the focus of the consistency of macroeconomic policy orientation. It is necessary to strengthen the coordination of policy objectives, and to determine the goals from the overall needs of economic and social development, consciously obey the overall situation, and serve the overall situation. In particular, under the circumstances of relatively strong downward pressure on the economy, all sectors should actively introduce policies conducive to stabilizing growth and stabilizing expectations, and prudently introduce policies that have contractionary and inhibitory effects.
3. The mainland will intensify the launch of a package of incremental policies to promote the economic recovery
The relevant person in charge of the National Development and Reform Commission said that in order to continue to promote the economic rebound, the mainland will strengthen the implementation of a package of incremental policies. In terms of expanding effective investment, we will continue to issue ultra-long-term special treasury bonds next year and optimize the direction of investment. Within the year, the list of "double" construction projects of 100 billion yuan and the investment plan of 100 billion yuan in the central budget will be issued in advance within this year, and local governments will be supported to speed up the preliminary work and start implementation first. In view of the current production and operation difficulties of some enterprises, the mainland will increase its efforts to help enterprises, effectively optimize the business environment, and help enterprises tide over difficulties.
4. Wang Wentao had a telephone conversation with United States Secretary of Commerce Raimondo
Minister of Commerce Wang Wentao held a phone call with United States Secretary of Commerce Raimondo. Wang Wentao focused on expressing solemn concern about the US semiconductor policy on China and the restriction of China's connected cars. Wang Wentao stressed that it is particularly necessary to clarify the national security boundaries in the economic and trade fields, which is conducive to maintaining the security and stability of the global industrial and supply chains, and creating a good policy environment for industrial cooperation between the two countries. China urges the US side to pay attention to the specific concerns of Chinese companies, lift sanctions on Chinese companies as soon as possible, and improve the business environment for Chinese companies in the US.
China Bond Alert //
1. ICBC Financial Leasing: "24 ICBC Financial Leasing Bond 05" was cancelled
ICBC Financial Leasing Co., Ltd. announced on October 8, 2024 that it has decided to cancel the issuance of "24 ICBC Financial Leasing Bond 05" in consideration of the company's recent financing plan, and the follow-up issuance plan will be announced separately.
2. Qiannan State Investment: The controlling shareholder Jianjiang Group was listed as a dishonest person subject to execution
Qiannan Prefecture Investment Co., Ltd. announced that the controlling shareholder Jianjiang Group was listed as a dishonest person subject to execution. Due to Qiannan Dongsheng's failure to repay the debts due as agreed, Qiannan Dongsheng and Jianjiang Group were included in the list of judgment defaulters. As of the date of the announcement, the balance of debt was 165 million yuan. Qiannan Dongsheng intends to readjust the relevant repayment plan after the settlement through the enforcement procedure in the near future.
3. Shanshan Group: The controlling shareholder of the company received the "Prior Notice of Administrative Punishment"
Shanshan Group Co., Ltd. announced that the company's controlling shareholder received the "Prior Notice of Administrative Punishment" and was warned and fined 5 million yuan by the Liaoning Securities Regulatory Bureau.
4. Zhangjiajie Economic Development and Investment Group: Some debts of subsidiaries are overdue
Zhangjiajie Economic Development and Investment Group Co., Ltd. announced that some of the subsidiary's debts were overdue, and the early maturity involved litigation matters and some bank accounts were frozen. Zhangjiajie Tourism Group, a factor company, failed to repay the loan due, and Bank of Communications announced that all debts under the same loan contract were due early.
5. GF Securities: Accepting the entrustment of the bondholders of "Blue Shield Bond Surrender" to take legal action against the issuer
GF Securities issued a progress announcement, stating that it had accepted the entrustment of some "Landun Debt Surrender" bondholders to take legal action against Landun Information Security Technology Co., Ltd. on their behalf. At present, it has received the complete authorization materials and full legal fees of the three bondholders, and has submitted the litigation materials to the People's Court of Fucheng District, Mianyang City.
6. Standard & Poor's: Confirmed Sun Hung Kai Properties' long-term issuer credit rating of "A+", and downgraded its outlook to "negative"
Standard & Poor's, an international rating agency, downgraded Sun Hung Kai Properties' rating outlook to negative from stable. At the same time, S&P affirmed Sun Hung Kai Properties' long-term issuer credit rating of "A+" and the company's guaranteed senior unsecured notes with an issue rating of "A+".
7. Liu Yingjie, the former chairman of Chongqing Juneng Construction Group, was examined and investigated
According to the Chongqing Tongliang District Commission for Discipline Inspection and Supervision: Liu Yingjie, former secretary of the Party Committee and chairman of Chongqing Juneng Construction (Group) Co., Ltd., is suspected of serious violations of discipline and law.
China Stock Alert //
1. More than 40 companies have announced plans to reduce their holdings! "Clearance" reduction and "precision" cashing out reappeared
According to the Financial Associated Press, since September 24, more than 100 companies have disclosed the progress or plans to reduce their holdings. On October 8, more than 40 listed companies issued shareholding reduction plans, including many shareholders "clearance" reductions, the highest proportion of planned reductions is Wanlang Magnetics, and there are also companies such as Fersa Technology and Nanxin Technology that plan to reduce their holdings.
2. Wenyi Technology: The controlling shareholder plans major events, and the company's shares are suspended
Wenyi Technology announced that because the controlling shareholder Sanjia Group and its concerted actor Ruizhen Commercial are planning major matters related to the company, which may lead to changes in the company's controlling shareholders and actual controllers. The company's shares have been suspended since the market opened on the morning of October 9, and the suspension is expected to last no more than two trading days.
3. Wanlang Magnetic Plastic: Jintong Anyi plans to reduce its holdings of no more than 8.42% of the company's shares
Wanlang Magnetic Plastic announced that Jintong Anyi, a shareholder holding more than 5% of the shares, intends to reduce its total holdings of the company's shares by no more than 7.2 million shares, and the reduction ratio does not exceed 8.42% of the company's total share capital.
4. Nanxin Technology: Shanghai Jidian and other shareholders plan to reduce their holdings of no more than 5% of the company's shares in total
Nanxin Technology announced that the company's shareholder Shanghai Integrated Circuit Industry Investment Fund plans to have no more than 4,254,600 shares, and the reduction ratio does not exceed 1% of the company's total share capital. Shunwei Technology and its persons acting in concert plan to reduce their holdings by a total of no more than 17,018,300 shares, and the total reduction ratio does not exceed 4% of the company's total share capital.
5. Hehui Optoelectronics: Shanghai Integrated Circuit Fund and Science and Technology Venture Capital plan to reduce their holdings of no more than 2% of the company's shares in total
Hehui Optoelectronics announced that Shanghai Integrated Circuit Industry Investment Fund and Shanghai Science and Technology Venture Capital Group plan to reduce their holdings of the company's shares by a total of no more than 276.64 million shares, and the reduction ratio will not exceed 2% of the company's total share capital.
6. Tianyue Advanced: Shareholders will reduce their holdings of the company's shares by no more than 3%
Tianyue Advanced announced that based on its own capital needs, shareholders Liaoning Zhongde, Haitong New Energy and Haitong Innovation plan to reduce their holdings of the company's shares by a total of no more than 12,891,300 shares, that is, no more than 3.00% of the company's total share capital.
7. Fersa Technology: Shareholders plan to reduce their holdings of no more than 6% of the company's shares in total
Fersa Technology announced that Lu Tichao, a shareholder holding more than 5% of the company's shares, plans to reduce his holdings of the company's shares by no more than 2,545,100 shares (accounting for 3% of the company's total share capital); Gaoxin Yida, a shareholder holding more than 5% of the company's shares, plans to reduce its holdings of the company's shares by no more than 2,545,100 shares (accounting for 3% of the company's total share capital).
8. Chengbang shares: the controlling shareholder and the actual controller agree to transfer 5% of the company's shares
Chengbang announced that Fang Liqiang, the controlling shareholder and actual controller, intends to transfer 13,213,200 shares of the company's unrestricted tradable shares (accounting for 5% of the company's total share capital) to the term investment at a price of 4.48 yuan per share by way of agreement transfer, with a transfer price of 59.1951 million yuan.
9. Wingtech Technology: Gree Electric intends to reduce its holdings of no more than 1% of the company's shares
Wingtech Technology announced that after Zhuhai Ronglin, a shareholder holding more than 5% of the company's shares, disclosed its shareholding reduction plan, it added Zhuhai Ronglin, the implementation of the shareholding reduction entity, Zhuhai Ronglin Concerted Action Personality Electric Appliances. Gree Electric plans to reduce its holdings by no more than 12,428,100 shares (no more than 1% of the company's total shares).
10. It is rumored on the Internet that someone in Ningbo fell from a shopping mall due to stock speculation
According to Red Star News, online information said that someone fell from the building in Ningbo Raffles City, and the chat record with a picture said that the reason for the fall was the liquidation of the stock market. Authoritative sources revealed that it was rumored on the Internet that it fell from a building due to stock speculation.
11. Oolong confirmed! Switzerland's Pictet increased its holdings of CCB H shares by 20 million instead of 20 billion shares
According to data disclosed by the Hong Kong Stock Exchange, Switzerland's Pictet Asset Management increased its holdings of CCB's H shares by 20 million shares on October 3, instead of the 20 billion shares added in the previously released data.
Overseas Warning //
1. Saudi Arabia's sovereign wealth fund reduced its stake in Nintendo
Saudi Arabia's Public Investment Fund (PIF) revealed that it has reduced its stake in Nintendo. According to a filing Tuesday with Japan's Ministry of Finance, the fund sold about 17.3 million Nintendo shares between Aug. 21 and Oct. 1, reducing its stake from 8.58% to 7.54%.
2. The United States court ordered Google to open Android to third-party app stores
A federal judge in California, United States, ruled that internet giant Google overhaul its mobile app business and open up the Android operating system to rival app stores to give users more options to download apps and pay for them.
3. Honeywell plans to spin off its advanced materials business
Honeywell, a diversified manufacturer, said it would divest its advanced materials business and make it an independently listed company in the United States. Honeywell expects the business to generate sales of $3.7 billion to $3.9 billion in fiscal 2024. Honeywell said the planned spin-off is expected to be completed by the end of next year or early 2026 and will not affect the company's overall prospects.
4. Buffett sold United States banks again, cashing out a total of 10 billion US dollars,
Between October 3 and 7, Buffett again reduced his holdings in United States banks to cash out $383 million, and his stake has dropped to 10.1%, but he is still the bank's largest shareholder, with a total of about $10 billion in cash since mid-July. If a little more BofA is sold to reduce its stake to less than 10 percent, Berkshire will no longer need to disclose the transaction in a timely manner.
5. The Federal Aviation Administration of United States issued a safety alert on the Boeing 737 rudder problem
The United States Federal Aviation Administration (FAA) said it has issued a safety alert to airlines warning that rudder movement on some Boeing 737 aircraft may be limited or stuck. Earlier, the United States National Transportation Safety Board said on September 30 that more than 40 foreign operators of Boeing 737 aircraft may be using rudder control system components with potential safety risks.
6. Goldman Sachs said Hurricane Milton would make Disney profitable
Goldman Sachs analysts said Tuesday that they expect park closures and operational disruptions caused by Hurricane Milton to adversely affect Walt Disney's earnings. The hurricane could reduce Disney's EBIT for the first quarter of fiscal 2025 by about $150 million to $200 million. Goldman Sachs lowered its forecast for Disney's fiscal 2025 earnings per share to $5.14 from $5.22 per share.
7. Roblox, the "first stock in the metaverse", was shorted by Hindenburg Research
Short-seller Hindenburg Research disclosed a short position in Roblox on Tuesday, saying the video game company had been lying to investors and regulators about the number of users on its platform.
8. PepsiCo lowered its full-year revenue forecast
PepsiCo's Q3 revenue fell 0.6% year-over-year to $23.32 billion, missing the consensus of $23.76 billion, and adjusted earnings per share increased 5% year-over-year to $2.31, beating the consensus of $2.29. The company expects full-year organic revenue growth of 1-3%, below its previous target of 4%. At constant exchange rates, PepsiCo still expects earnings to grow by at least 8% this year.
Financial Interbank Warning //
1. The financial management department has carried out window guidance: bank credit funds are strictly prohibited from entering the stock market in violation of regulations
The financial management department has issued window guidance to commercial banks, requiring financial institutions to attach great importance to investor suitability management and investor protection, strengthen internal control and compliance management, and strictly control leverage. Bank credit funds are strictly prohibited from entering the stock market in violation of regulations, and this is a red line of financial supervision that commercial banks must adhere to. Insiders stressed that bank credit funds are strictly prohibited from entering the stock market in violation of regulations, and this is a red line of financial supervision that commercial banks must adhere to.
2. Some brokerages issued a notice prohibiting employees from trading stocks in violation of regulations
According to the Financial Associated Press, in the face of the hot market, some brokerages once again emphasized that employees are strictly prohibited from illegal stock speculation, and adopted the method of issuing notices and verbal notices to strengthen the compliance awareness of each business line. If the spouse or interested party of the employee needs to report the stock transaction on a regular basis, the employee himself shall truthfully report the mobile phone number, account information and other information of himself/herself, his spouse and the interested party, and if there is an update, OA synchronization shall be required as soon as possible. Since the beginning of this year, it has become a normalized and routine inspection to strictly investigate the violations of securities practitioners. In particular, with the in-depth special inspection of local securities regulatory bureaus, it has been found that many employees of securities companies may have violated the rules of speculating in stocks through the accounts of family members and relatives.
3. Retail investors "run" into the market, and the number of retail investors in some index funds has surged by 5 times
According to China Fund News, a number of public offering sources revealed that at present, broad-based indices such as stock ETFs have seen significant net subscriptions, and the number of individual investors in some products has surged by 5 times; However, there has been no significant change in the subscription and redemption of active equity funds, and some companies focusing on active equity funds have seen a significant increase in the scale of their high-performance funds.
4. The China Securities Association launched a risk assessment survey on money laundering and terrorist financing in the securities industry
The Securities Association of China has recently launched a risk assessment survey on money laundering and terrorist financing in the securities industry, and the time frame of the assessment is limited to 2023. In terms of customer groups, securities firms need to aggregate the number of individual and institutional customers, the number of product customers, the number of elderly and young (underage) customers, the number of customers with abnormal basic identity information, as well as the number of high-net-worth customers, non-resident customers, foreign political customers, customers involved in terrorism-related sanctions, customers engaged in specific higher-risk occupations, private equity customers and high-risk customers.
5. The IPO review status of 4 banks in Guangdong has been changed to "suspended"
Bank of Guangzhou, Bank of Dongguan, Nanhai Rural Commercial Bank, and Shunde Rural Commercial Bank have recently changed the IPO review status from "accepted" to "suspended" for the following reasons: "The financial information recorded in the IPO application documents has expired and needs to be supplemented." ”
Industry Warning //
1. Ministry of Commerce: China is studying measures such as raising tariffs on imported large-displacement fuel vehicles
According to the Ministry of Commerce, China has decided to impose temporary anti-dumping measures on import-related brandy originating in the European Union in accordance with the law. With regard to the anti-dumping and countervailing investigations on pork, pig by-products and dairy products imported from the EU, China is currently conducting investigations in accordance with the law. At the same time, China is studying measures such as raising tariffs on imported large-displacement fuel vehicles.
2. China sued Turkey at the WTO for import restrictions on electric vehicles and other vehicles
In response to a reporter's question on China's lawsuit against Turkey at the WTO for import restrictions on electric vehicles and other vehicles, the spokesperson of the Ministry of Commerce said that Turkey imposed a 40% additional tariff on electric vehicles and other vehicles imported from China and set import license restrictions. This discriminatory measure violates WTO rules and is a typical protectionist practice. The Turkish side is urged to abide by its relevant WTO commitments and immediately correct its erroneous practices.
3. The National Health Insurance Administration reported the investigation of Wuxi Hongqiao Hospital
According to the investigation of Wuxi Hongqiao Hospital reported by the National Health Insurance Bureau, the hospital was suspected of using 22.284 million yuan of medical insurance funds in violation of laws and regulations, of which 11.792 million yuan was suspected of fraud and deception of the medical insurance fund by colluding with intermediaries or in the name of free physical examination, and 11.792 million yuan of medical insurance funds were suspected of fraud and deception by forging medical documents and fictitious diagnosis and treatment services (the final amount is subject to actual verification). 1. Organized gang crimes. Second, the whole chain of professional counterfeiting. 3. Piecework commissions for persons involved in cases. Fourth, set up yin and yang account books, true and false wards. 5. Malicious confrontation investigations. In the next step, the National Health Insurance Bureau will further guide the Jiangsu Provincial Medical Insurance Bureau to conduct a comprehensive investigation of 100 designated medical institutions in Wuxi.
4. The product has potential quality and safety hazards, and the State Food and Drug Administration: suspend the import of medical devices from an institution in Korea
The State Food and Drug Administration recently conducted an on-site inspection of Korea Shuoqi Medical Co., Ltd., and the inspection variety was expanded PTFE facial implants. The inspection found that Korea Shuoqi Medical Co., Ltd. had serious defects in the quality management system in terms of organization and personnel management, equipment management, document management, design and development, and the products had potential quality and safety hazards. The State Food and Drug Administration has decided to suspend the import, operation and use of expanded PTFE facial implants of Korea Shuoqi Medical Co., Ltd. from now on.
5. Macau: From June to August, the overall residential property price index was 214.5, down 13.6% year-on-year
According to the Statistics and Census Service of Macao, the overall residential property price index for the latest period (June to August 2024) was 214.5, down 0.9% from the previous period (May to July 2024), while the Macao Peninsula (211.3) and Cotai (227.3) decreased by 1.0% and 0.2% respectively. In comparison with the same period last year, the latest overall residential property price index decreased by 13.6% year-on-year, with the indices for the Macao Peninsula and Cotai falling by 13.9% and 12.1% respectively.
Review of historical articles
"Global Sprint Interest Rate Cut"
Red Flag! Gold Crash", "Cash is King", "Major Variables Are About to Be Revealed!" "The Dollar Collapsed"
RISK(Wind 风控)
Real-time monitoring of network-wide information and timely warning of risk dynamics
Accurately identify risk subjects and quickly reach the source of risk
Intelligently connect associated risks in series and deeply analyze risk links
An intelligent risk control platform that integrates due diligence and risk monitoring
