Cui Dongshu, Secretary General of the China Passenger Car Association: The 'Autos to the Countryside' policy needs to be strengthened rather than suppressed.
In 2024, China's auto market retail achieved the expected strong start, followed by a sharp divergence between electric vehicles and gasoline vehicles. From January to August 2024, the retail sales of electric vehicles reached 6.01 million units, showing a relatively strong trend with a 35% increase, close to the 36% growth rate in 2023.
Is it fair for Midea to issue H shares at a discount to its A shareholders?
Midea Group Co., Ltd, listed on the Shenzhen Stock Exchange, announced on September 9th that it plans to globally issue 0.492 billion H-shares, with a sale price of 52.00 to 54.80 Hong Kong dollars per share, aiming to raise a maximum of nearly 27 billion Hong Kong dollars. It is obvious that the issue price of H-shares this time is at a discount compared to the A-share price, and when converted into Renminbi, the discount exceeds 20%.
"Golden September and Silver October" peak season, car companies boost sales by "lowering prices and adding features".
①The advanced driving assistance system has been extended to models priced below 0.2 million yuan, leading to an increase in brand sales. ②In multiple areas, the 'trade-in for new' subsidy for automobiles has been launched, and the brand and dealer stores have followed up with corresponding discounts and car purchase policies.
Express News | The United States has decided to impose additional tariffs on Chinese products, with a 100% increase in tariffs for electric cars.
Hong Kong stock market welcomes the largest IPO in recent years! Midea's new shares are experiencing both excitement and risks.
Although it is a second listing, midea group co., ltd's Hong Kong IPO is expected to raise no less than 25 billion Hong Kong dollars, and even has the potential to exceed 35 billion Hong Kong dollars. This is the largest fundraising scale for a new stock in the Hong Kong stock market in more than three years, following the listing of jd.com logistics in May 2021. According to the timetable, midea group co., ltd is expected to be listed on the Hong Kong Stock Exchange on September 17, which is also the Mid-Autumn Festival day.
Express News | According to reports, Midea plans to expand the scale of issuance due to strong investor demand and is expected to raise $4 billion through an initial public offering in Hong Kong, with the issuing price set at the top of the range. (Bloomberg)