Important information affecting the market this weekend: Xi Jinping pointed out that major economies should adopt responsible macroeconomic policies to maintain the stable operation of the international economic and financial system; The CSRC announced the basic system of the Beijing stock exchange and basically defined the opening time; WeChat tiktok or Taobao will be included in the “super platform” regulation. The pace of cracking down on Chinese enterprises has not stopped. The US Senate voted to pass the “safety equipment act of 2021” to completely block Huawei ZTE; In October, the purchasing manager index (PMI) of China’s manufacturing industry was 49.2%; The three major indexes of U.S. stocks reached an all-time high, and Microsoft became the company with the highest market value in the world.

macroeconomic

Xi Jinping : adopt responsible macroeconomic policies to maintain the stable operation of the international economic and financial system

On October 30, the president Xi Jinping attended the first phase of the 16th G20 summit by video in Beijing and delivered an important speech. Xi Jinping pointed out that major economies should adopt responsible macroeconomic policies to avoid negative spillover effects on developing countries and maintain the stable operation of the international economic and financial system.

Wang Yi meets with US Secretary of state Blinken

On the morning of October 31st, during the sixteenth forenoon of the group of twenty leaders, State Councilor and foreign minister Wang Yi met with US Secretary of state Blinken in Rome, Italy. On the afternoon of 31 July, US Secretary of state Blinken arrived at the meeting place between China and the United States. The meeting lasted about 50 minutes.

Bureau of Statistics: the purchasing manager index (PMI) of China’s manufacturing industry in October was 49.2%

In October, the purchasing manager index (PMI) of China’s manufacturing industry was 49.2%, down 0.4 percentage points from the previous month, continuing to be below the critical point, and the outlook of the manufacturing industry has weakened. In terms of enterprise scale, the PMI of large enterprises was 50.3%, slightly lower than that of the previous month by 0.1 percentage points, but still higher than the critical point; The PMI of medium-sized enterprises was 48.6%, down 1.1 percentage points from the previous month, lower than the critical point; The PMI of small enterprises was 47.5%, unchanged from the previous month and below the critical point.

global market

External market overview: the three major indexes of US stocks reached a record closing high, and Microsoft became the company with the highest market capitalization in the world

On Friday US Eastern time, the three major US stock indexes reached a record closing high. As of the close, the Dow Jones index rose 89.08 points, or 0.25%, to 35819.56; The NASDAQ index rose 50.27 points, or 0.33%, to 15498.39; The S & P 500 index rose 8.96 points, or 0.19%, to 4605.38. In the past October, the Dow rose 5.8%, the NASDAQ rose 7.27% and the S & P 500 index rose 6.9%. The NASDAQ index and the S & P 500 index recorded the largest monthly increase since November 2020.

When many European countries began to implement winter

Since today, when many countries in Europe begin to implement winter. The trading time in the European financial market will be one hour later than that in the summer, that is, from next Monday, the European stock market will open at 16:00 Beijing time and close at 00:30 the next day; The release time of economic data of European countries will also be one hour later than that of summer.

The pace of suppressing Chinese enterprises has not stopped! The US Senate voted to completely block Huawei ZTE through the “safety equipment act of 2021”

The pace of the United States to suppress Chinese enterprises has not stopped! According to Reuters on the 29th, the U.S. Senate passed the “security equipment act of 2021” on the 28th local time. In the name of “national security”, the bill requires the Federal Communications Commission (FCC) not to issue new equipment licenses to companies that have been listed as “threatening national security”, so as to prevent Huawei ZTE and other Chinese companies’ communication equipment entered the U.S. telecommunications network.

financial capital

The CSRC announced the basic system of the Beijing stock exchange and basically defined the opening time

On October 30, the CSRC issued the basic system of Beijing stock exchange and made it clear that the effective date of the basic system was November 15. This also means that the Beijing stock exchange will open on November 15, when more than 68 companies on the selected layer of the new third board market will all move into the Beijing stock exchange.

The CSRC solicited opinions on the guidance on improving the quality of information disclosure of prospectus under the registration system

In order to conscientiously implement the decisions and arrangements of the CPC Central Committee and the State Council, implement the reform requirements of the registration system with information disclosure as the core, further improve the quality of prospectus information disclosure and promote the high-quality development of the capital market, the CSRC, on the basis of in-depth research and demonstration, widely listening to opinions and learning from useful overseas experience, We have studied and drafted the guiding opinions on improving the quality of information disclosure of prospectus under the registration system (Draft for comments) (hereinafter referred to as the Guiding Opinions), and now solicit opinions from the public.

The Shanghai Stock Exchange issued a ticket to the offline inquiry and illegal institutions again!

Due to the breaking of some new shares on the first day of listing recently, the market has paid more attention to the rhythm of new share issuance. For the relatively concentrated number of IPO issuers recently, the reporter of Securities Daily learned on the 29th that there are two main reasons: first, a number of enterprises wait for optimization measures of inquiry policy after obtaining IPO approval. Second, near the end of the third quarter, a number of enterprises completed the issuance before the update of the third quarterly report. However, at present, there has been no delay in the issuance of enterprises due to breaking.

industrial economy

Regulatory upgrade! What are the implications of WeChat, Taobao, or the “tiktok” regulation?

China’s Internet platform supervision ushers in upgrading! On October 29, the State Administration of Market Supervision issued an announcement on soliciting public opinions on the guidelines for classification and classification of Internet platforms (Draft for comments) and the guidelines for implementing the main responsibilities of Internet platforms (Draft for comments), which divided the Internet platforms into three levels: super platform, large platform and small and medium-sized platform.

The Ministry of education and other six departments issued a notice to deploy and do a good job in the management of preventing primary and middle school students from indulging in online games

In order to thoroughly implement the law of the people’s Republic of China on the protection of minors and other laws and regulations, and earnestly implement the central decision-making and deployment on the governance of minors’ network environment, the Ministry of education, the Publicity Department of the CPC Central Committee, the central network information office, the Ministry of industry and information technology, the Ministry of public security The General Administration of market supervision and other departments jointly issued the notice on Further Strengthening the management of preventing primary and secondary school students from indulging in online games, and deployed all localities to do a good job in the management of preventing primary and secondary school students from indulging in online games.

National Development and Reform Commission: coal storage in power plants exceeded 100 million tons

With the further release of coal production capacity, the completion of overhaul of Daqin line, the performance of medium and long-term contracts and the acceleration of dispatching and transportation of electric coal, the coal supply level of national unified dispatching power plants has repeatedly hit a record high. Especially since late October, the average daily coal supply of the unified dispatching power plant has exceeded the coal consumption by more than 1.4 million tons, and the coal storage has accelerated the recovery. Recently, the daily average coal supply has continuously exceeded 8 million tons, 2 million tons more than coal consumption, and the coal storage level has rebounded to more than 100 million tons, an increase of nearly 25 million tons over the end of September. Among them, 12.5 million tons of coal was stored in the three provinces in Northeast China, an increase of more than 6 million tons compared with the end of September, nearly doubling, reaching the level of the same period last year. From the daily railway loading and port loading, it is expected that the coal storage level will be further improved.

“Chinese version” TLAC regulatory rules were officially implemented, and the four major banks met higher capital requirements

“Chinese version” TLAC regulatory requirements have finally been implemented. For the four major Chinese banks that have been included in the global systemic important banks, it means that they will prepare a thicker “risk buffer”. On October 29, the people’s Bank of China, China Banking and Insurance Regulatory Commission and the Ministry of Finance jointly issued the measures for the management of total loss absorption capacity of global systemically important banks, marking the formal implementation of TLAC regulatory rules in China.

company focus

“Maofen” collapsed! Maotai prices plummeted across the board, a rumor triggered a wave of selling? How to affect Maotai stock price?

According to the official account number of today’s wine price, the price of various kinds of Moutai wine has plummeted all over the whole market. The original box price of 53 degrees flying (2021) has dropped from 3750 yuan on October 26 to the latest 3550 yuan, and sanfei has dropped to 2700 yuan in 2021. The original box prices and bulk prices in other years also fell across the board in the past two trading days. It is worth mentioning that the decline of high-quality Maotai and Chinese Zodiac liquor is particularly large. The main reason for the previous decline may be the selling of speculators and the cash out of some real estate developers. Recently, it may be related to a rumor.

Gree Electric Appliances Inc.Of Zhuhai(000651) : in the United States, the problems involved in the litigation agreement occurred 8 years ago

Gree Electric Appliances Inc.Of Zhuhai(000651) on the morning of October 31, we issued a statement that our company has recently reached an agreement with the consumer protection department of the U.S. Department of justice and the federal prosecutor’s office of central California (collectively referred to as DOJ). The products involved in the agreement are dehumidifiers produced by our company and exported to North America from 2005 to 2012. Our company received accident complaints in 2012 and reported to the U.S. Consumer Product Safety Commission (CPSC) in June 2013. Due to the untimely declaration, our company and CPSC reached a civil settlement in 2016 and paid US $15.45 million. In 2017, DOJ asked us to take responsibility for the same incident. After several rounds of negotiations, our company and DOJ recently reached an agreement to pay US $75.75 million. If our company complies with the agreement, DOJ will terminate the case after the end of the three-year period. The problems involved in the above agreements occurred 8 years ago, and no similar problems have occurred since 2013. The amount involved in the agreement has been fully accrued, which will not affect our normal operation and performance this year.

CSRC: China Mobile will launch on November 4

On October 29, the CSRC announced that China Mobile and Huitong shares would be launched at the meeting on November 4. Earlier, on August 18, China Mobile announced its A-share IPO prospectus. The company plans to issue no more than 965 million RMB shares, that is, no more than 4.50% of the total issued shares of the company after this issuance (before exercising the over allotment option). China Mobile said that it could authorize the lead underwriter to exercise the over allotment option and over sell 15% of the A-Shares issued this time (before exercising the over allotment option).