01/Morning introduction of Asian business investment consultants
The comprehensive registration system accelerates the first batch of main board translation planning IPO companies to hold a meeting next week
More than 30 auto brands are engaged in a price war, with a maximum discount of more than 100,000 yuan
National Bureau of Statistics: CPI rose 1.0% year-on-year in February, PPI fell 1.4% year-on-year
Yi Gang, member of the National Committee of the Chinese People's Political Consultative Conference and Governor of the Central Bank, talks about financial regulatory reform
02/News Breakfast of Asia Business Investment Consultant
// Spotlight//
The comprehensive registration system is accelerating, and the first batch of main board registration system companies will be held soon. According to data from the Shanghai and Shenzhen Stock Exchanges, on March 13 and March 14, 16 main board companies will attend meetings one after another to accept the review of the Shanghai and Shenzhen Stock Exchange Listing Review Committee. 9. On March 13 alone, 11 main board companies participated in the meeting, which was also the first batch of companies to attend the meeting after the main board project was shifted. The interviewees believe that the review meeting of the Listing Committee is a key part of the registration and issuance.
According to incomplete statistics from the media, so far at least 30 auto brands have participated in this price war, with a maximum discount of more than 100,000 yuan. Some are official brand activities, some are regional dealer promotions; some are direct price cuts, and some are indirect forms such as cash credits, insurance subsidies, financial discounts, and gift optional packages.
// Global Market //
The three major U.S. stock indexes closed down across the board. The Dow fell 1.66%, the S&P 500 fell 1.85%, and the Nasdaq fell 2.05%. JPMorgan Chase fell more than 5%, Disney and Caterpillar fell more than 3%, and Boeing fell nearly 3%, leading the Dow. The Wind US TAMAMA Technology Index fell 1.6%, Apple fell 1.5%, and Tesla fell nearly 5%. Bank stocks led the decline, with Silicon Valley Bank falling more than 60%, the largest one-day drop in history. Chinese concept stocks fell, and JD.com fell more than 11%.
Most of the major European stock indexes closed down. The German DAX index rose 0.01% to 15633.21 points, the French CAC40 index fell 0.12% to 7315.88 points, and the British FTSE 100 index fell 0.63% to 7879.98 points.
International oil prices fell across the board. The U.S. oil April contract fell 1.38% to US$75.6/barrel, and the May oil contract fell 1.34% to US$81.55/barrel.
// macro//
In February 2023, the national consumer price rose by 1.0% year-on-year. Among them, urban prices rose by 1.0%, and rural prices rose by 1.0%; food prices rose by 2.6%, non-food prices rose by 0.6%; consumer goods prices rose by 1.2%, and service prices rose by 0.6%. On average from January to February, the national consumer price rose by 1.5% over the same period of the previous year. The ex-factory price of industrial producers across the country fell by 1.4% year-on-year and was flat from the previous month; the purchase price of industrial producers decreased by 0.5% year-on-year and 0.2% from the previous month. On average from January to February, the ex-factory price of industrial producers decreased by 1.1% compared with the same period last year, and the purchasing price of industrial producers decreased by 0.2%.
The National Medical Insurance Bureau released the 2022 statistical bulletin on the development of medical security. In 2022, the total income and total expenditure of the basic medical insurance fund (including maternity insurance) will be 3,069.772 billion yuan and 2,443.172 billion yuan respectively, and the accumulated fund balance at the end of the year will be 4,254.073 billion yuan.
Yi Gang, member of the National Committee of the Chinese People's Political Consultative Conference and governor of the People's Bank of China, talked about four points of understanding on strengthening the reform in the field of financial supervision: The first is about the establishment of the State Administration of Financial Supervision and Administration. Second, the essential feature of the socialist market economy is to uphold the leadership of the party and provide a strong guarantee for defusing risks. The third is to improve the financial capital management system. The financial infrastructure managed by the financial management department must be prudent in the implementation of the reform plan. The fourth is to strengthen the unified and standardized management of the staff of financial institutions, and make practical plans.
According to the recent news from the WeChat official account "Dalian Housing Fair", in order to boost market confidence, during the Dalian Spring Housing Fair this year, individuals who purchase new commercial housing in the four districts of the city (Zhongxi Shagan) and high-tech parks can get a bonus per square meter. 200 yuan house purchase subsidy. In addition, in order to promote the transaction of the exhibition and benefit buyers, the organizing committee will organize developers to provide exclusive housing sources and carry out preferential activities such as exclusive special housing according to their own project conditions. It is reported that the 2023 Dalian Spring Housing Fair will be held in Dalian Xinghai Convention and Exhibition Center from March 15th to 20th.
The website of the State Mine Safety Supervision Bureau announced that it has recently issued a notice to deploy a comprehensive improvement of safety production in mines across the country. The National Mine Safety Supervision Bureau disclosed that the comprehensive rectification will begin immediately and end in December. The rectification objects are all coal mines, metal and non-metal mines, and tailings ponds that are in normal production, construction, and rectification.
// Industry//
According to technology media reports, Apple plans to release the first iPad Pro equipped with OLED panels next year, with 11-inch and 13-inch styles, of which the 13-inch version is priced at $1,800, or about 12,528 yuan. Compared to the current iPad Pro lineup, the 11-inch model is more than 80 percent more expensive, and the 13-inch model is more than 60 percent more expensive.
On March 9, SAIC Motor announced that in order to further improve the company's expansion and flexibility in the layout of the automotive industry, the company's subsidiaries SAIC Motor Financial Holding Management Co., Ltd., Huayu Automotive Systems (Shanghai) Co., Ltd., Donghua Automobile Co., Ltd. Industrial Co., Ltd., Zhonglian Automotive Electronics Co., Ltd. and Henan Strategic Emerging Industry Investment Fund Co., Ltd. will jointly invest in the establishment of "Henan Shangqi Huirong Shangcheng No. 1 Industrial Fund Partnership (Limited Partnership)".
According to data from the Silicon Industry Branch, the price of silicon wafers rose slightly this week. The price range of M10 monocrystalline silicon wafers (182 mm/150 μm) was 6.22-6.5 yuan/piece, and the average transaction price increased to 6.37 yuan/piece, a week-on-week increase of 2.25%; G12 monocrystalline silicon wafers (210 mm/150 μm) were sold The average price remained at 8.2 yuan/piece, which was flat week-on-week. The main reason for the slight increase in silicon wafer prices this week is that a certain first-tier company and several specialized silicon wafer companies chose to raise their quotations.
The "carbon neutral" demonstration building in Xiong'an New District - Xiong'an Future Zero Carbon Pavilion, officially started construction recently. The Xiongan Future Zero Carbon Pavilion is located in the Xiongan Future City Innovation Center. After completion, it will become an all-round comprehensive demonstration project that combines functions and experiences, technology and humanities, architecture and the environment. Through the integration of new technologies and new concepts, Construction of more green building demonstrations for the Xiongan New Area is expected to be completed this summer.
03/ Subscription for new shares of Asia business investment consultant
New shares (including Beijing Stock Exchange): Suqian Liansheng
New convertible bonds: none
New stocks listed on Friday: Baodi Mining, Tieda Technology
Convertible bonds listed on Friday: None
Reference materials: Financial Associated Press, Wind Information
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