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China Fund News Dawn

Hello everyone! Let's pay attention to the market conditions and latest information in the morning~

On July 17, the A-share market opened slightly lower in the morning and then fluctuated. The Beijing Stock Exchange 50 went against the market trend and rose by more than 6% during the session.

Rongyi Precision, Greer, OptechWhen individual stocks on the Beijing Stock Exchange hit the 30CM daily limit, many stocks such as Haidar and Huayang Transmission rose by more than 20%.

On the market, real estate, insurance, retail and other sectors performed best in the morning, with gold jewelry and duty-free shop concepts rising; coal, consumer electronics, energy equipment and others were sluggish.

The Hong Kong stock market opened slightly higher in the morning and showed a small V-trend. The Hang Seng Technology Index rose by more than 1%, and Ping An Good Doctor rose by more than 9%.

Photovoltaic sectors collectively rose

Optech 30CM daily limit

On the morning of July 17, the photovoltaic sector rose collectively in the morning. Qingyuan shares hit the daily limit, JinkoSolar once rose by more than 8% during the session, and Liancheng CNC and Zhonglai shares followed suit.

Optoelectronics opened high and continued to rise, quickly hitting the 30CM daily limit, with the share price at 8.25 yuan per share.

In the news, many photovoltaic companies recently announced the establishment of joint ventures with Saudi Arabia to invest in photovoltaic and energy storage projects. Among them, Sungrow Power and Saudi Arabia ALGIHAZ successfully signed the world's largest energy storage project with a capacity of up to 7.8GWh; TCL Zhonghuan signed a $2.08 billion Middle East photovoltaic project agreement; JinkoSolar's subsidiary plans to establish a joint venture in Saudi Arabia to build a 10GW high-efficiency battery and component project.

Guotai Junan Securities believes that as governments in the Middle East continue to launch large-scale tenders, coupled with the economic benefits brought about by the decline in component prices, it is expected that photovoltaic demand in the Middle East will grow rapidly in 2024.

Real estate sector rebounds

I love my home daily limit

On the morning of July 17, the real estate sector fluctuated and rose, ranking first among the Shenwan first-level industries. I Love My Home rose by the daily limit, and Urban Construction Development, SDIC Services, and Savills ranked among the top gainers.

Recently, the National Bureau of Statistics announced the basic situation of the national real estate market in the first half of 2024 and the changes in the sales prices of commercial housing in 70 large and medium-sized cities in June. Wang Zhonghua, chief statistician of the Urban Department of the National Bureau of Statistics, said when interpreting the data that among the four first-tier cities in June, the price of new houses in Shanghai rose by 0.4% month-on-month and 4.4% year-on-year; the second-hand housing prices in Beijing and Shanghai turned from falling to rising for the first time, rising by 0.2% and 0.5% respectively.

According to CCTV, since the first half of this year, various parts of the country have made full use of their autonomy in regulation and control, and measures to stabilize the market have been introduced one after another. In June, the second-hand housing transaction volume in the four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen all hit a monthly high in at least a year. Many hot second-tier cities have also seen a significant increase in real estate market transaction volume.

Unmanned driving concept callback

On the morning of July 17, the recent hot concept of driverless cars began to cool down, and related stocks fell significantly. Xingyu Wangda quickly fell to the limit after opening, and many stocks such as Dongjian Technology, Zhonghaida, and Haowen Automotive Electric fell.

Recently, concepts such as driverless cars and smart online ride-hailing cars have become popular, and many concept stocks have issued risk warnings. For example, StarNet Yunda said in an announcement that the growing demand for products such as inertial navigation in the driverless field will have a positive impact on the company's future performance, but there are still many uncertainties in the large-scale application and promotion of related products.

Tianmai Technology also stated in the announcement that the company's current business is mainly to provide digital operation and management solutions for urban public transportation based on technologies such as the Internet of Vehicles. It does not have unmanned driving body control and algorithm-related products, and has not carried out relevant cooperation with Baidu Carrot Run.

Dongjian Technology stated on the investor interaction platform that the "Dongjian's 'intelligent door' helps Baidu and BAIC build a new generation of shared unmanned vehicles Apollo Moon" mentioned by investors is new product promotion information for 2021, and it has no business cooperation relationship with Luobo Kuaipao and Baidu.

Editor: Joey

Review: Xu Wen

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