Asia Business Investment Consultant Breakfast FM/0817 Innovative Development of Robot Industry Measures

01/ Morning introduction of Asian business investment consultants

1. Prime Minister: We must focus on expanding domestic demand, continue to expand policy space for expanding consumption and promoting investment, and boost bulk consumption
2. Xinhua News Agency: Smearing and suppressing will not change the attractiveness of the Chinese market
3. Beijing issued "Several Measures to Promote the Innovation and Development of the Robot Industry"

02/ News Breakfast of Asia Business Investment Consultant

// Spotlight //

1. Premier Li Qiang of the State Council presided over the second plenary meeting of the State Council to redeploy and advance the next step. Li Qiang emphasized that it is necessary to strengthen the coordination and cooperation of various policies to ensure the completion of annual goals and tasks, solidly promote high-quality development, vigorously improve administrative efficiency, and provide a strong guarantee for the completion of various tasks. It is necessary to focus on expanding domestic demand, continue to expand the policy space for expanding consumption and promoting investment, boost bulk consumption, mobilize the enthusiasm of private investment, and do a solid job in preliminary research and reserves for major projects.

1. Xinhua News Agency: Smearing and suppressing will not change the attractiveness of the Chinese market. The U.S. continues to badmouth China's economy, and is so afraid of China's rapid progress that it has launched three major "strikes" one after another. Everyone knows its sinister intentions to contain China's rise. But neither smearing nor suppressing can change the lasting appeal of the Chinese market to global investors.

1. In July 2023, the number of cities where the sales price of commercial housing in 70 large and medium-sized cities has increased has decreased. The sales prices of new commercial housing in first-tier and second-tier cities rose by 1.0% and 0.2% year-on-year respectively, and the growth rate was 0.3 percentage points lower than that of the previous month.

1. The National Development and Reform Commission issued a notice on printing and distributing "Several Policies and Measures on Promoting Hongqiao International Open Hub to Further Improve the Capacity Level". It pointed out that eligible enterprises in the Hongqiao Business District are supported to take the lead in piloting the integrated fund pool policy of domestic and foreign currencies for multinational companies, allowing host companies to purchase foreign exchange within a certain amount, and allowing multinational companies to handle overseas centralized receipt and payment of domestic and foreign currencies for overseas member companies in China , giving enterprises more autonomy in capital exchange.

1. The Beijing Economic and Information Bureau issued "Several Measures for Promoting the Innovation and Development of the Robot Industry in Beijing". The measures propose to organize the implementation of the "foundation building" project of the robot industry, release a list of key industrial technology research, and focus on robot operating systems, high-performance dedicated chips and servo motors, reducers, controllers, sensors and other key components, as well as artificial intelligence, multi- Modal large models and other related technologies support enterprises to form consortiums to solve the shortcomings of the robot industry and the technical problems of "stuck necks" through "revealing the list and leading the team". Support will be given according to the investment in key research, with a maximum of 30 million yuan.

// Global Market //

1. The three major U.S. stock indexes closed down across the board. The Dow fell 0.52% to 34765.74 points, the S&P 500 fell 0.76% to 4404.33 points, and the Nasdaq fell 1.15% to 13474.63 points. Intel fell 3.57%, and Walgreens and Boots fell 1.43%, leading the Dow. Wind US TAMAMA Technology Index fell 1.06%, Tesla fell 3.16%, and Facebook fell 2.54%. Chinese concept stocks generally fell, Gracell Biotech fell 9.82%, and Dingdong Maicai fell 7.69%.

1. The three major European stock indexes closed mixed. The German DAX index rose 0.14% to 15789.45 points, the French CAC40 index fell 0.1% to 7260.25 points, and the British FTSE 100 index fell 0.44% to 7356.88 points.

1. International oil prices fell across the board, and the U.S. oil September contract fell 2.14% to $79.26 per barrel. The October Brent oil contract fell 1.84% to $83.33 a barrel.

// macro //

1. The central bank decided to increase the re-loan quota for supporting agriculture and small businesses in 6 provinces (cities) of Hebei, Beijing, Heilongjiang, Jilin, Fujian, and Chongqing by 35 billion yuan to support the disaster relief and post-disaster reconstruction financial services in these severely affected areas, and strengthen the operation of the affected areas Credit support for entities, especially small and micro enterprises, individual industrial and commercial households, as well as agricultural and breeding enterprises and farmers.

1. The People's Bank of China issued a notice to solicit public opinions on the "Procedures for Handling Credit Complaints (Draft for Comment)". This revision follows the basic principles of compliance with laws and regulations, convenience for the people, and efficient performance of duties. Based on the framework of the current "Procedures", combined with the development and changes of the credit complaint situation and the business practice of complaint handling, it aims at the focus of information subjects' concerns and the grassroots central banks. The credit investigation management department reported many difficult issues, systematically sorted out and optimized the work process of credit investigation complaint handling, and standardized complaint handling behavior.

1. It is learned from many medical institutions in Shanghai that the number of outpatients for the new crown has increased by 10%-15% in recent days. Statistics from China's CDC show that the national COVID-19 positive rate rose by 13.4% at the end of July. Looking at the world, the number of new crown cases has increased significantly in the past month. According to the World Health Organization, countries reported nearly 1.5 million new cases from July 10 to August 6, an 80% increase from the previous month.

1. The Institute for Public Policy, a British think tank, has warned that the UK faces a high risk of recession. The think tank said UK inflation fell to 6.8% in July, the lowest level since February 2022, after the UK energy price ceiling was cut. Britain's central bank, the Bank of England, will be under pressure to raise interest rates again in September after a record surge in base wages.

1. The Dutch economy unexpectedly slipped into its first recession since the pandemic amid weak consumer spending and exports. Gross domestic product (GDP) fell 0.3% quarter-on-quarter in the second quarter, the country's statistics agency reported on Wednesday. The figure was far worse than the 0.2% increase expected by economists surveyed by Bloomberg.

// Industry //

1. The "2023 China Digital Economy Innovation and Development Conference" opened in Shantou, Guangdong Province. Wang Jianwei, a first-level inspector of the Information Technology Development Department of the Ministry of Industry and Information Technology, said that in recent years, China has accelerated the development of the digital economy, promoted the deep integration of the digital economy and the real economy, and created an internationally competitive digital industry cluster. a series of results. China has built the world's largest and technologically advanced network infrastructure.

1. In the first seven months of this year, the postal industry delivered a total of 87.37 billion pieces, a year-on-year increase of 12.8%. Among them, the express business volume has completed 70.3 billion pieces, a year-on-year increase of 15.5%. The cumulative volume of intra-city express delivery was 7.26 billion, a year-on-year decrease of 0.7%; the cumulative volume of inter-city express delivery was 61.43 billion, a year-on-year increase of 17%; the cumulative international/Hong Kong, Macao and Taiwan express business volume was 1.61 billion, a year-on-year increase of 57.2%.

1. From August 1st to 13th, the new energy vehicle market retailed 208,000 units, an increase of 38% over the same period last year, and an increase of 1% over the same period last month; a total of 3.934 million units have been retailed this year, an increase of 36% over the same period last year; national passenger car manufacturers The wholesale of new energy vehicles was 207,000 vehicles, an increase of 14% year-on-year, and an increase of 1% compared with the same period last month; since the beginning of this year, a total of 4.488 million vehicles have been wholesaled, a year-on-year increase of 40%.

1. In order to expand the consumption of new energy vehicles and promote the overall revitalization of rural areas, by 2025, Zhejiang Province will have built more than 2.3 million charging piles and no less than 900,000 rural areas, including 120,000 public charging piles and no less than 900,000 rural areas. 20,000, meeting the charging needs of more than 4 million new energy vehicles; the annual sales of new energy vehicles reached more than 1 million, and more than 500 new energy vehicle maintenance service outlets were established; the vehicle-to-pile ratio in the province dropped to 1.5:1.

1. It is learned from the Shanghai Municipal Development and Reform Commission that Shanghai has initially established a policy system of "carbon peaking and carbon neutrality". At present, the proportion of green electricity in the electricity consumption of the whole society has risen to 36%. Since 2010, Shanghai’s energy consumption per unit of GDP and carbon dioxide emissions per unit of GDP have dropped by more than 50%. Up to now, Shanghai has promoted a total of about 1.2 million new energy vehicles, and the total operating mileage of rail transit has reached 831 kilometers.

1. The 2023 World Robot Conference opens in Beijing. With the theme of "Openness, Innovation, Gathering and Sharing the Future", the conference will hold more than 30 industry forums. The 2023 World Robot Expo was also held at the same time. More than 160 domestic and foreign robot companies brought nearly 600 exhibits. The conference also created 10 "robot +" medical and agricultural application scenarios for the first time to showcase new technologies and products in the industry.

1. Since July, owners of new energy vehicles in Zhengzhou, Guangzhou, Shanghai, Qingdao, Chongqing and other places have reported that the charging prices of charging piles in their locations have increased, and some areas have broken through 2 yuan/kWh, which has caused car owners to complain. Some online car-hailing drivers claim that they spend an extra four or five hundred yuan a month. The charging price of new energy vehicles includes two parts: electricity fee and charging service fee. A few days ago, Haikou, Hainan issued a policy stipulating that the charging service fee for new energy vehicles shall not exceed 0.65 yuan per kWh.

03/ Subscription for new shares of Asia business investment consultant

New shares (including Beijing Stock Exchange): None

New convertible bonds: none

New stocks listed on Thursday: Defu Technology, Xinyuren, Boxun Biology

Convertible bonds listed on Thursday: Julong Convertible Bonds

Reference materials: Financial Associated Press, Wind Information

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