399005 SZSE SME 100 Index
- 6647.21
- +0.35+0.01%
Foreign chief executives speak out intensively: strong, rebound, continue to "high allocation" to the Chinese stock market
Recently, chief economists from foreign institutions have been speaking intensively, with strong, rebound, and high allocation becoming key words when discussing the performance of china's economy and financial markets.
Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.
①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.
Is the lithium battery industry chain about to bottom out? Industry insiders expect prices to rebound next year, with leaders emphasizing a global layout.
Zhang Xiaofei, the chairman of Gaogong Lithium Battery, expects that the first quarter of next year will be the lowest point for prices, while the prices of battery main materials will begin to rise in the second quarter of next year.
Institutions: By March next year, the macro narrative cannot be observed and verified, liquidity will support the index to fluctuate upwards.
From now until the major conferences in December is the period for policy validation and observing macro data. From the end of December to early March next year usually falls under a window period for domestic macro data and policies. Attention should be paid to changes in market liquidity and improvements in economic indicators, while maintaining patience and resilience during the short-term policy vacuum period of one month, waiting for the new round of policy initiatives.
The Ministry of Industry and Information Technology is guiding photovoltaic companies to reduce production capacity expansion. Institutions say the industry's consolidation is beginning to take shape.
① The Ministry of Industry and Information Technology revised the "Standards for Photovoltaic Infrastructure" and the "Interim Measures for the Management of Photovoltaic Infrastructure Norms Announcement". This aims to guide local areas to rationally lay out photovoltaic manufacturing projects based on resource endowments and industrial foundations, and to encourage intensive and clustered development. ② Last week, over 20 silicon wafer companies held a related industry self-regulation meeting online again, aiming to cooperate in production reduction to improve the current market environment.
The global data cross-border flow cooperation initiative has been released. The cni data factor index industry is expected to undergo a qualitative change.
According to the WeChat official account of China's Cyberspace Administration, china's State Internet Information Office has proposed a global initiative for cross-border data flow cooperation, aiming to balance the relationship between technological innovation and security, economic development, and personal privacy protection. tianfeng believes that with the implementation of the top-level detailed rules for cni data factor index, the accelerated promotion of typical application cases, the industry is expected to undergo a qualitative change.
Highly configured A-shares and Hong Kong stocks! Goldman Sachs' 2025 outlook for the china economy is here.
In terms of the stock market, goldman sachs maintains its investment recommendation to overweight A-shares and Hong Kong stocks, and still favors A-shares in the short term, because compared to Hong Kong stocks, A-shares are more sensitive to policy easing and personal investment fund flows, which have a more bullish effect. It is expected that the msci chinese index and csi 300 index will rise by 15% and 13% respectively by 2025.
The fluctuation of the photovoltaic cycle far exceeds the past. Representatives of leading companies suggest considering transformation earlier if things are not going well.
① In the case of a divergence between prices and costs, the photovoltaic industry has fallen into a crisis not seen in recent years, with prices at various stages declining by 60%-80% compared to the peak in 2023; ② Long-term losses are unacceptable in any industry, and with market growth slowing, it has become very difficult to resolve the current capacity issues. This cycle may last longer.
Canalys: In 2024, Chinese automotive brand passenger vehicle exports are expected to reach 4.5 million vehicles, a year-on-year increase of 29%.
In the second half of 2024, the export volume of Chinese passenger vehicle brands is expected to reach 2.5 million vehicles, with a total annual volume of 4.5 million vehicles, a year-on-year increase of 29%.
More foreign capital announces increased investment in china! Has the recent adjustment come to a temporary halt?
Another foreign giant has announced an increase in investments in china assets.
Express News | Another foreign giant has announced an increase in investment in china assets.
ST Huatong announced a 50 million yuan buyback, the secretary of the board once stated that they will strive to apply to the exchange for an early "take off the hat"|Speed read announcement.
①After the administrative penalty is imposed, special treat Huatong fulfills the repurchase commitment and announces the completion of a 50 million yuan repurchase; ②Due to issues such as impairment of goodwill, zhejiang century huatong group has recently been subject to other risk warnings, and the stock abbreviation has been changed to "ST Huatong"; ③Huang Yi, the secretary of the board of zhejiang century huatong group, once stated that the company will be more cautious in financial management, especially in handling goodwill issues, and strive to apply to the exchange to "take off the hat" as soon as possible.
Express News | Wu Qing: We welcome both long-term and short-term investments. What the market needs now is to unblock the bottleneck of long-term capital entering the market.
The latest statement from the National Development and Reform Commission: The "new two" policy will be strengthened and expanded.
Source: China Brokerage On November 19, the National Development and Reform Commission held a press conference. At the meeting, Li Chao, Deputy Director of the Policy Research Office of the National Development and Reform Commission and the Commission's spokesperson, responded to key issues in several macroeconomic areas. Here are the key points of the response: 1. It is expected that the economic operation in November and December will continue the upward trend since October; 2. Overall, the basic trend of China's economic recovery and long-term improvement remains unchanged, and we are full of confidence in this; 3. The National Development and Reform Commission will also study and propose policy measures to further increase support and expand the scope of support in the future, to be implemented in a timely manner after relevant procedures are completed.
Potential fiscal stimulus is expected to boost the economy, with foreign giants once again increasing their shareholding in A-shares.
George Efstathopoulos of Fidelity International successfully caught up with the significant increase in the china stock market at the end of September and once again increased shareholding in the china stock market, anticipating that fiscal stimulus will boost the economy.
CSRC: The underlying logic of capital markets' long-term positive trend will become more solid.
Wu Qing stated that it is necessary to further keep overseas financing channels open, improve the efficiency of overseas listing filings, actively support qualified domestic enterprises to list overseas, and make better use of the two markets and two kinds of resources.
Express News | Li Yunze, Director of the National Financial Supervisory Administration: support foreign financial institutions in China to participate more comprehensively and deeply in the Chinese financial market.
A-shares and Hong Kong stocks are up, with the gem rising more than 1%, led by photovoltaics, chips, and non-ferrous metals.
PV concept stocks in A-shares rose at the beginning of the market, Suzhou Good-Ark Electronics hit the limit up, Sungrow Power Supply, Deli Technology rose more than 6%, Ginlong Technologies, Suzhou Maxwell Technologies, and Orise Technology quickly followed the upward trend.
Express News | Goldman Sachs expects that the msci chinese index and csi 300 index will rise by 15% and 13% respectively in 2025.
Express News | The Ministry of Finance has decided to carry out bond market-making support operations.