Maximum of 6 billion! kweichow moutai proposes to buy back shares, implementing repurchase for the first time in 23 years since listing.
①The purpose of repurchasing shares is for cancellation and reduction of the company's registered capital. ②The repurchase price of shares shall not exceed 1795.78 yuan per share (inclusive).
Ping An Insurance's Xie Yonglin: Insurance capital is a prerequisite for becoming patient capital, and industry reform and innovation are still needed to enhance the long-term investment quality and effectiveness.
In Xie Yonglin's view, "long cycle", "high stability" and "large scale" are the three important characteristics of insurance funds, which also constitute the prerequisites for patient capital. Compared with other patient capital, the actual use of insurance funds also faces three major challenges.
There is no urgent need for a short-term reduction. The September LPR quote remains unchanged, and the industry expects the main policy interest rates to be lowered to promote LPR adjustments within the year.
① The main reason for the stable LPR interest rate in September is the large pressure on banks' net interest margins, and the policy rate (7-day reverse repurchase rate) remains unchanged. ② Taking into account the current economic situation and price trends, the central bank is likely to lower the main policy rate in the fourth quarter, that is, the 7-day reverse repurchase rate, with an estimated downward adjustment of 10 to 20 basis points, which will guide LPR quotes to follow suit.
The European Union car market is clouded: new car sales in August hit a three-year low, with EV sales down 43% year-on-year.
1. The new car sales volume in the European Union in August fell by a staggering 18.3% year-on-year, dropping to the lowest level in three years; 2. The European Automobile Manufacturers' Association stated that the sales of full electric vehicles in the European Union in August decreased by 43.9% year-on-year, marking the fourth consecutive month of decline.
After the Mid-Autumn Festival, the consumer loan interest rates of banks starting with the number "1" are gradually ending, with 2.88% still being the mainstream. The industry believes that in the long term, it will still enter the range starting with the
1. Although various commercial banks have all launched consumer loan promotional activities, the optimal level of annual interest rates for consumer loans is still maintained at 2.88%. 2. In order to increase the credit release efforts, banks have lowered the interest rates of consumer loans in exchange for quantity, and this has become a common situation in the consumer loan market. 3. With interest rates at a downward trend, consumer loan interest rates are expected to continue to decline, and the market's consumer loan levels may enter the single digits.
The gold price soaring caught the banks by surprise. Agricultural Bank of China announced that the minimum purchase point for accumulated gold is linked to the floating gold price. More than 10 banks have raised their purchase thresholds within the year.
On September 18th, the Agricultural Bank of China announced on its official website that the starting point for purchasing the Bank's Cunjin Tong No.2 will be adjusted to fluctuate with the price of gold. This is the first bank this year to link the purchase point of cumulative deposits to the price of gold. There have been about 10 large banks that have announced an increase in the starting point for purchasing cumulative deposits this year, but they are mostly concentrated in the first half of the year. If gold continues to be strong, it is not ruled out that more banks will follow suit and continue to adjust the starting point for purchasing cumulative deposits.
Intraday overview | The three major indices are rising strongly! The ChiNext Index surged more than 2.5%; technology stocks, mainland real estate stocks are collectively strong, with R&F Properties surging nearly 14%, and Kuaishou rising more than 6%.
Network technology stocks collectively rise, with Kuaishou up over 6%, jd.com up nearly 6%, bilibili up over 4%, alibaba, baidu up over 2%, Meituan up nearly 2%, Tencent up over 1%.
Is the 'faith' collapsing? kweichow moutai hits a new low in 2022, with many 'top players' reducing their positions.
It is worth noting that Kweichow Moutai fell to 1268.89 yuan in early trading, breaking the previous low of 1333 points before October 31, 2022.
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.
Express News | The United States has decided to impose additional tariffs on Chinese products, with a 100% increase in tariffs for electric cars.
Lithium carbonate "rare surge"! Contemporary Amperex Technology plans to adjust the production arrangement of Yichun lithium carbonate. Industry analysis believes that the main reason for the production suspension is cost.
Regarding the rumors of lithium mine suspension in Jiangxi, Contemporary Amperex Technology stated to Caijing News that, based on the recent market conditions of lithium carbonate, the company plans to adjust the production arrangement of Yichun lithium carbonate. ② An informed source told Caijing News that Contemporary Amperex Technology has not yet taken any action to suspend production and further communication and coordination are needed to determine the next steps. ③ Industry insiders analyze that the suspension of production at this time is mainly due to cost reasons.
With a scale exceeding 5 billion yuan, contemporary amperex technology's new fund has landed in Xiamen.
Recently, Contemporary Amperex Technology has launched a new fund in Xiamen with a size of over 5 billion yuan. The limited partners include various local state-owned asset funds in Xiamen, as well as the Zhejiang Tongxiang City, Fujian Ningde City, and Luoyang City state-owned asset funds. Contemporary Amperex Technology is also constructing the first phase of an electrochemical energy storage system project in Xiamen, aiming to create a first-class platform for energy storage system research and development testing and innovative technological research.
Express News | The State Council issued the "Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of the Insurance Industry."
The price of lithium carbonate futures has surged, with a single-day increase of nearly 0.03 million contracts. The rumor of production suspension at Contemporary Amperex Technology has been confirmed. Will there be a bottoming out and rebound?
① Market experts have stated that if there is a significant reduction in the output of lithium carbonate in the coming months, the destocking level in September and October may exceed expectations; ② As the consumer market enters the peak season of "Golden September and Silver October", the fundamentals have improved recently and a turning point in inventory has already emerged.
August electric vehicle sales: BYD sold nearly 0.38 million units, sokon industry group stock surged nine-fold year-on-year.
①After surpassing a 50% market penetration rate in July, the market penetration rate of new energy vehicles further increased in August, achieving a steady and robust development with a "step-by-step" approach. ②In August, BYD not only broke its own monthly sales record, but also achieved the highest year-on-year growth rate of the year. ③Chery Automobile and Chongqing Sokon Industry Group Stock achieved year-on-year retail sales growth of 251.5% and 912.3% in August respectively.
The lithium battery sector soared, with Tianqi Lithium Corporation rising more than 13%. UBS Group issued a research report stating that lithium prices in China have bottomed out.
UBS estimates that the suspension of Contemporary Amperex Technology's lithium business in Jiangxi will lead to an 8% decrease in China's monthly production of lithium carbonate. The lithium price is expected to rise by 11%-23% within the year and will be supported at $8600/ton.
Byd company limited may raise its full-year sales target to 4 million vehicles, combining plug-in hybrid, asia vets, and price reductions.
Morgan Stanley's latest research report shows that the management of BYD Company stated that the full-year sales target has been raised to 4 million vehicles. If we calculate based on the 4 million vehicles target, it means that the monthly average sales for the remaining four months of this year need to reach 0.418 million vehicles.
Quick Look at Mid-day Trading | The three major stock indexes in Hong Kong all fell, with oil and coal stocks declining; all three major oil companies saw a drop of over 5%, while Tianqi Lithium Corporation surged 12% against the market trend.
Network technology stocks generally fell, with SenseTime down nearly 3%, JD.com, Netease down nearly 1%, Tencent, Alibaba slightly down; Bilibili rose by over 1%, Meituan slightly rose.
Institutions | Looking for the prosperity and highlights in the industry: clues from the Hong Kong stock market report
Based on the comprehensive disclosure of interim performance and market expectations, the sectors of internet e-commerce and csi leading consumption and services index have a relatively high degree of prosperity. Meanwhile, public utilities such as telecommunications and hydropower maintain stable profitability, making them worthwhile dividend symbols to continue to pay attention to.
In August, the penetration rate of new energy exceeded 50% again, with byd company limited and chongqing sokon industry group stock leading the way. China Association of Automobile Manufacturers: Adjusting the annual sales volume expectations upwards.
①The China Passenger Car Association released data showing that the narrow definition of passenger vehicle retail sales in August was 1.905 million units, a year-on-year decrease of 1.0%. ②Looking ahead for the whole year, the China Passenger Car Association will provide specific numbers for the expected increase in the electric vehicles market after comprehensive assessment.