This week (from November 22 to November 28, 2021, the same below) Hang Seng Index – 3.87%, Dow Jones Industrial Index – 1.38%, S & P 500 index – 2.2%, NASDAQ index – 3.52%. This week, Hang Seng technology index – 4.74%, CSI China Internet 50 Index – 3.29%. Hong Kong stock connect net bought about 242 million yuan this week and sold about 1.921 billion yuan last week
Covid-19 virus has a new variant, Omicron, whose infectivity may be multiplied and immune escape may occur.
On November 25, scientists found the most mutated new covid-19 strain B.1 in Africa 1.529, which is characterized by the largest number of mutations so far, with more than 50 convenient mutations, including 32 mutations in the spike protein related to the infectivity of the virus, twice that of delta. Who urgently convened a meeting on covid-19 variant B.1 At the meeting of 1.529, the new strain was quickly identified as a “worrying variant” (VOC), and it was decided to name the virus Omicron
The notice of the people’s Bank of China on strengthening the management of payment acceptance terminals and related businesses issued by the central bank focuses on the use of collection bar codes by individuals and merchants
The notice requires that for individuals with obvious characteristics of business activities, bar code payment and collection service institutions shall provide special merchants with collection bar codes, and shall refer to the relevant management regulations of special merchants, and shall not provide them with collection services related to business activities through personal collection bar codes. The notice is intended to refer to the management of special merchants for individual collection barcode users with obvious business characteristics. However, for personal collection barcodes of non operating activities in daily life and consumption, it is not necessary to refer to the management of special merchants.
The State Administration of market supervision solicited opinions on the measures for the administration of Internet advertising (Draft for public comments)
On 26 November, The State Administration of Market Supervision issued the measures for the administration of Internet advertising (Draft for public comments) According to the announcement of the opinions, advertisements for special commodities or services that are required to be examined by the advertising examination authority according to laws and administrative regulations, such as advertisements for medical treatment, drugs, formula foods for special medical purposes, medical devices, pesticides, veterinary drugs and health food, shall not be published without examination. Internet advertisements published in the form of start-up play, video insertion, pop-up, etc. shall be clearly marked with a close sign to ensure one click close. It is not allowed to use the Internet to publish advertisements for after-school training for primary and secondary schools and kindergartens. Internet media such as websites, web pages and Internet applications for minors shall not be used to publish advertisements for medical treatment, drugs, health food, medical devices, cosmetics, alcohol and beauty, as well as online game advertisements that are not conducive to the physical and mental health of minors.
Investment suggestions:
Affected by the new strain Omicron, the overseas market fluctuated and the market recovery was uncertain. However, the protective ability of the vaccine against the strain still needs time to be tested, and its impact on the global economy is still uncertain, which may affect the epidemic prevention strategy and monetary policy of overseas governments. It is recommended to continue to pay attention to the changes of the epidemic situation and the pace of overseas economic recovery. The Ministry of industry and information technology solicited opinions on the measures for the administration of Internet advertising, which is expected to further improve the measures for the Internet advertising industry, clarify the advertising management rules and bottom line, and promote the medium and long-term healthy development of the Internet advertising industry.
The notice of the central bank drives the commercialization of personal collection codes. It is estimated that the revenue increment brought to the third-party payment market is about 6.9 ~ 23.2 billion yuan. At the same time, the expansion of commercial payment ecology also helps to provide value-added services such as insurance and loans for small and micro enterprises. In the medium and long term, we believe that the pattern of the third-party payment industry may still change as other platform enterprises launch their own payment tools; At the end of June, the four ministries and commissions issued a document to promote the payment and fee reduction of small, medium and micro enterprises, support the real industry and reduce the operating costs of small and micro enterprises. It is a long-term direction, and it is not ruled out that the subsequent payment rate may be further reduced. In addition, the promotion of digital RMB wallet may have a certain impact on the existing pattern, but the specific impact still depends on the perfection of the layout at the scene end and the promotion of wallet. It is recommended to pay attention to Tencent and Alibaba
China’s technology companies are advised to focus on Tencent, the US group, many spells, Alibaba, NetEase, Jingdong, fast hand, beep Kwai, health and graffiti. Foreign technology enterprises continue to pay attention to digital as a deflationary force and stable demand for Microsoft, sea, roblox, meta (renamed by Facebook) meta universe progress, unity, square and confirm.
Risk tips: 1. Overseas epidemic control is less than expected; 2. Sino US trade friction; 3. Risk of tightening Internet supervision; 4. The tightening of liquidity environment exceeded expectations; 5. Competition in overseas markets has intensified.
