Important information affecting the market this weekend includes: Xi Jinping will hold a video meeting with US President Biden; The Beijing Stock Exchange opened on November 15, with a total of more than 4 million investors who can participate in the transaction; The central bank stated its position to maintain the steady and healthy development of the real estate market; The national development and Reform Commission organized a special video conference on virtual currency “mining” governance.

macroeconomic

Xi Jinping will hold a video meeting with U.S. President Joe Biden

On November 13, foreign ministry spokesman Hua Chunying announced: as agreed by China and the United States, President Xi Jinping will hold a video meeting with US President Biden on the morning of November 16 Beijing time to exchange views on China US relations and issues of common concern.

Wang Yi and US Secretary of state Antony Blinken communicate

US Secretary of state Antony Blinken and Wang Yi, foreign minister, were invited to speak with US Secretary of State Condoleezza Blair on November 13, 2021. Wang Yi said that the Xi Jinping president and President Biden will hold a video meeting on November 16. This remarkable meeting is not only a major event in China US relations, but also a major event in international relations. Both the people of the two countries and the international community hope that the meeting will achieve results beneficial to both countries and the world. The two heads of state play a key role in steering and piloting China US relations. The two sides should travel opposite each other, make preparations for the meeting, ensure the smooth and successful meeting, and push China US relations back to the track of healthy and stable development.

National Energy Administration: in October, the power consumption of the whole society increased by 6.1% year-on-year

According to the latest data released by the National Energy Administration today (12th), in October, the power consumption of the whole society increased by 6.1% year-on-year, and China’s economy continued to recover steadily. In October, the electricity consumption of the whole society continued to grow, reaching 660.3 billion kwh, a year-on-year increase of 6.1%, an increase of 14.0% over the same period in 2019, and an average increase of 6.8% in the two years. By industry, the power consumption of the primary, secondary and tertiary industries increased by 14.7%, 3.2% and 14.3% respectively year-on-year; The domestic power consumption of urban and rural residents increased by 11.1% year-on-year.

global market

External market overview: the three major US stock indexes closed higher, and the NASDAQ rose 1%

On Friday, US stocks closed higher, and the Dow stopped falling for three consecutive days. As of the close, the Dow Jones index rose 179.08 points, or 0.50%, to 36100.31; The NASDAQ index rose 156.68 points, or 1.00%, to 15860.96 points; The S & P 500 index rose 33.58 points, or 0.72%, to 4682.85.

Price butcher! Three price increases a month Tesla too capricious? Musk cash out 44 billion a week, the end of the soaring market?

Last week, after musk announced on twitter that he would reduce his holdings of the company’s shares, he has sold about 6.36 million Tesla shares in a week. According to Bloomberg’s calculation, he cashed out about $6.9 billion (equivalent to about 44 billion yuan), and the share price also fell by more than 15% in three days. Does this mean that Tesla‘s recent surge is coming to an end? However, Cathie wood, Wall Street’s “wooden sister”, is still firmly optimistic, and said that “this market is only a small correction to me.”

financial capital

Beijing stock exchange: the market opened on November 15, with a total of more than 4 million investors who can participate in the transaction

In the preparatory process for the opening of the Beijing stock exchange, all parties in the market responded positively and actively participated. As of November 12, more than 2.1 million investors have made an appointment to open the qualified investor authority of the Beijing stock exchange. After the opening of the market, more than 4 million investors can participate in the trading of the Beijing stock exchange. A total of 112 securities companies have obtained membership and become full members of the Beijing stock exchange. Since the announcement of the establishment of the Beijing stock exchange, the review and issuance of the selected layer has been carried out normally, 10 enterprises that have completed public offering and other procedures will be listed directly on the Beijing stock exchange, and the relevant processes for the translation of 71 stock selected layer companies to the Beijing stock exchange have been completed. At that time, 81 companies will become the first batch of listed companies on the Beijing stock exchange.

Beijing stock exchange: the transaction handling fee of investors shall be charged bilaterally by 0.5 ‰ of the transaction volume

The Beijing stock exchange issued the measures for the administration of business charges of the Beijing stock exchange, and the transaction handling fee of investors is charged bilaterally at 0.5 ‰ of the transaction amount.

CSRC: make solid preparations for the reform of the whole market registration system and run the Beijing stock exchange

On November 12, the CSRC held an enlarged Party committee meeting to convey and study the spirit of the Sixth Plenary Session of the 19th CPC Central Committee and study and deploy the system wide study, publicity and implementation work. Yi Huiman, Secretary of the Party committee and chairman of the CSRC, presided over the meeting and made a speech. The meeting requested that we make solid preparations for the reform of the whole market registration system, run the Beijing stock exchange, continue to strengthen the construction of the basic system of the capital market and the rule of law, solidly promote the normalization of the litigation of special representatives for securities disputes, and continue to steadily promote the high-level opening of the capital market to the outside world.

industrial economy

Central bank: maintaining the steady and healthy development of the real estate market

On the morning of November 12, 2021, the Party committee of the people’s Bank of China held a meeting to seriously convey and study Xi Jinping the important speech and the spirit of the plenary session of the Sixth Plenary Session of the 19th CPC Central Committee, and study and deploy the implementation measures of the people’s Bank of China. Guo Shuqing, Secretary of the Party committee and vice president of the people’s Bank of China, presided over the meeting, and Yi Gang, deputy secretary of the Party committee, President and members of the Party committee attended the meeting. The meeting stressed that we should resolutely curb the monopoly and disorderly expansion of capital in the field of financial services and maintain the steady and healthy development of the real estate market.

Cbcirc: improve the long-term mechanism of real estate regulation and promote the stable and healthy development of the real estate industry

On the afternoon of November 12, Guo Shuqing, Secretary of the Party committee and chairman of the CIRC, presided over the Party committee (enlarged) meeting to convey the spirit of studying and implementing the important speeches of the Sixth Plenary Session of the 19th CPC Central Committee and Xi Jinping general secretary, and studied and deployed the opinions on studying and implementing them in combination with the actual situation of the CIRC. The meeting called for unremitting efforts to prevent and resolve financial risks, balance the relationship between steady growth and risk prevention, and resolutely hold the bottom line of no systemic financial risks. Steady prices, stable prices, stable expectations, curb the trend of real estate finance bubble, improve the long-term mechanism of real estate regulation and control, and promote the stable and healthy development of the real estate industry.

The national development and Reform Commission organized a special video conference on virtual currency “mining” governance

On the afternoon of November 10, the national development and Reform Commission organized a special video conference on the governance of virtual currency “mining”, informed the monitoring and remediation of virtual currency “mining”, and deployed the work in the next stage. The meeting stressed that all provinces, autonomous regions and municipalities should resolutely implement the relevant deployment of the “mining” rectification of virtual currency, earnestly assume territorial responsibility, establish systems, pay attention to monitoring, clean up and rectify the “mining” activities of virtual currency in their own regions, and strictly investigate and punish the “mining” activities involved in the computer rooms of state-owned units.

company focus

Shenzhen Stock Exchange: this week’s Xinxiang Tuoxin Pharmaceutical Co.Ltd(301089) , Shenzhen Zqgame Co.Ltd(300052) key monitoring of recent abnormal growth

From November 8 to November 12, the exchange adopted self regulatory measures for 70 abnormal securities transactions, involving intraday lifting and suppression, false declaration and other abnormal transactions; Focus on monitoring ” Xinxiang Tuoxin Pharmaceutical Co.Ltd(301089) ” and ” Shenzhen Zqgame Co.Ltd(300052) ” with abnormal recent growth; A total of 15 major events of listed companies were verified.

Kangmei pharmaceutical was ordered to compensate investors for the loss of 2.459 billion yuan in the first instance of class action

On November 12, the Guangzhou intermediate people’s court made a first instance judgment on the first securities class action case in China, ordering Kangmei Pharmaceutical Co.Ltd(600518) to compensate 2.459 billion yuan for the loss of securities investors due to the infringement of false statements such as annual reports. This case is the first case after the establishment of the litigation system of securities special representative with Chinese characteristics in the new securities law. It is the civil compensation case of misrepresentation of listed companies with the highest amount of compensation heard by the court so far.

Chongqing Fuling Zhacai Group Co.Ltd(002507) : the ex factory price of some products is increased by 3% – 19%

Chongqing Fuling Zhacai Group Co.Ltd(002507) (002507) announced on November 14 that the ex factory prices of some products were adjusted by 3% – 19% for each category, and the price implementation began at 17:00 on November 12.