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Morning News | Buffett's big move, continuous selling

2024-07-26

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Comprehensively "breaking 2": deposit interest rates of the six major banks have all been lowered

On July 25, the six state-owned banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank, announced the latest RMB deposit interest rate table on their official websites, and once again lowered the interest rates of various deposits. From the results of the adjustment, except for the slightly higher deposit interest rates of Postal Savings Bank, the reduction ranges of the other banks remained the same. It is worth noting that the annual interest rates of the five-year fixed deposits and withdrawals of the above-mentioned banks have all been reduced from 2% to 1.8%, which means that the deposit interest rates of the six major banks have officially bid farewell to the "2-digit" level.

Previously, banks lowered the RMB deposit interest rates four times in September 2022, June 2023, September 2023 and December 2023 respectively. This reduction is the first adjustment this year.

Subsidy for scrapped cars doubled to 20,000 yuan

On July 25, the National Development and Reform Commission and the Ministry of Finance issued a notice on "Several Measures to Further Support Large-Scale Equipment Renewal and Trade-in of Consumer Goods", which mentioned that individual consumers who scrap fuel passenger cars with National III or lower emission standards or new energy passenger cars registered before April 30, 2018 (inclusive) and purchase new energy passenger cars included in the "Catalogue of New Energy Vehicle Models with Vehicle Purchase Tax Reduction and Exemption" or fuel passenger cars with a displacement of 2.0 liters or less will receive a subsidy of 20,000 yuan for the purchase of new energy passenger cars and 15,000 yuan for the purchase of fuel passenger cars with a displacement of 2.0 liters or less.

Compared with the previous policy, the subsidy standard for car scrapping and renewal has doubled. Industry experts believe that the substantial increase in the subsidy standard will undoubtedly further promote the effectiveness of the car replacement policy.

Buffett sold Bank of America for 6 consecutive days, with a total reduction of US$2.3 billion

A document submitted by Buffett's Berkshire Hathaway to the U.S. Securities and Exchange Commission (SEC) on Wednesday evening (July 24) showed that the company sold shares of its favorite stock Bank of America for three consecutive trading days this week.

According to the announcement, Berkshire sold nearly 19 million shares of Bank of America from Monday to Wednesday (July 22 to 24), with a total amount of approximately US$800 million.

Last week, between July 17 and 19, Berkshire sold a total of 33.89 million shares of Bank of America, with a total reduction of approximately US$1.476 billion. This means that Berkshire Hathaway has sold off this stock for a total of six trading days, with a total of nearly 52.89 million shares sold.

Domestic refined oil prices will be reduced on the evening of July 25, and a full tank of fuel can save about 5.5 yuan

According to the National Development and Reform Commission, the new round of refined oil price adjustment window will open at 24:00 on July 25. The details of this oil price adjustment are as follows: domestic gasoline and diesel will be reduced by 145 yuan and 140 yuan per ton respectively. On average across the country: No. 92 gasoline will be reduced by 0.11 yuan per liter; No. 95 gasoline will be reduced by 0.12 yuan per liter; No. 0 diesel will be reduced by 0.12 yuan per liter. Taking a family car with a fuel tank capacity of 50L as an example, filling up a tank of No. 92 gasoline will save 5.5 yuan.

company news

Baota Industry: Plans to acquire 100% equity of Diantou New Energy, stock will resume trading on July 26

Baota Industry announced on the evening of July 25 that the company plans to use the relevant assets and liabilities mainly engaged in bearing business except for some retained assets and liabilities as divested assets, and exchange them with the 100% equity of Ningxia Electric Power Investment New Energy Co., Ltd. (referred to as "Electric Power Investment New Energy") held by Ningxia Electric Power Investment Group Co., Ltd., which is the equivalent portion of the acquired assets.

After the transaction is completed, the listed company's existing bearing business will be divested, and its main business will be changed to the investment, development and operation of wind power, photovoltaic and energy storage power stations, as well as the production and sales of marine electrical appliances. The company's stock will resume trading from the opening of the market on July 26.

China Power Construction: Signed a 5.384 billion yuan contract for Abu Dhabi photovoltaic project

China Power Construction Corporation announced on the evening of July 25 that recently, the company's Abu Dhabi branch and its subsidiary Huadong Institute Middle East Co., Ltd. (HDEC) formed a consortium and signed the Abu Dhabi PV3 Ajiban 1.5GW photovoltaic project EPC contract with Ajiban Photovoltaic Project Holding Co., Ltd. The contract amount is approximately US$755 million, equivalent to approximately RMB 5.384 billion, and the total project construction period is approximately 28 months.

Qitian Technology: The company's controlling shareholder and actual controller are expected to change

Qitian Technology announced on the evening of July 25 that the company's shareholders Xinglu Fund, Big Data Fund, Fei Zhengxiang, Luoyang Yingjie, Liu Tao, Shanghai Zhenyuan and Shenzhen Colorful Haoyue Technology Co., Ltd. (hereinafter referred to as "Colorful Haoyue") signed a "Cooperation Framework Agreement", stipulating that Fei Zhengxiang and Luoyang Yingjie terminate the voting rights entrustment to Xinglu Fund, Fei Zhengxiang waives his voting rights, and the listed company issues shares to Colorful Haoyue. Before this transaction, the company's controlling shareholder was Xinglu Fund and the actual controller was the People's Government of Yancheng City. After the transaction is completed, the company's controlling shareholder will be changed to Colorful Haoyue and the actual controller will be changed to Wanshan.

Northeast Pharmaceutical: Phenacetin API marketing application approved

Northeast Pharmaceutical announced on the evening of July 25 that the company recently received the "Notice of Approval of Application for Listing of Chemical APIs" for phenacetin approved and issued by the State Food and Drug Administration. Phenacetin is an antipyretic and analgesic drug that is no longer used alone. It is often made into compound preparations with aspirin, caffeine, phenobarbital, etc., for the treatment of fever, headache, toothache, neuralgia, etc.

Jiahe Intelligent: Plans to acquire 51% equity of Jiachao Technology for RMB 230 million

Jiahe Intelligent announced on the evening of July 25 that the company intends to acquire 51% of the equity of Dongguan Jiachao Hardware Technology Co., Ltd. ("Jiachao Technology") in cash, and the total estimated value of the equity transaction is tentatively set at 230 million yuan. Jiachao Technology is a high-tech company specializing in the research and development, production and sales of copper and aluminum soft and hard connections for new energy power battery modules.

Qi'anxin: Qi'an No. 1 intends to transfer no more than 5.01% of its shares through an agreement

Qi'anxin announced on the evening of July 25 that its shareholder Qi'an No. 1 currently holds 5.93% of the company's shares. Qi'an No. 1 plans to transfer no more than 34.2586 million shares (no more than 5.01% of the total number of shares of the company) held by it to specific strategic targets through an agreement transfer between July 31 and October 30, 2024. This reduction does not involve the reduction of holdings by the actual controller, nor will it lead to a change in the company's control.

Ruihe shares: received multiple winning notices and engineering construction contracts

Ruihe shares announced on the evening of July 25 that the company has successively received construction contracts signed with China Construction First Bureau (Group) Co., Ltd., Vivo Mobile Communications (Hangzhou) Co., Ltd., Jinan Huayu Real Estate Co., Ltd., Shenzhen Shenran New Energy Technology Co., Ltd., Shenzhen Jizhi Zhongsen Charging Technology Co., Ltd., and Hunan Jizhi Zhongsen Energy Storage Technology Co., Ltd.; Shenzhen Ping An Commercial Real Estate Investment Co., Ltd., Shanghai Pudi Real Estate Development and Operation Co., Ltd. and other bidding units issued "Notice of Winning Bid" to the company. The total amount of the above-mentioned winning projects and signed contract projects is 291 million yuan, accounting for about 18.74% of the company's audited operating income in 2023.

Laisen Tongling: Shareholders and persons acting in concert intend to reduce their holdings of the company by no more than 3%

Laisen Tongling announced on the evening of July 25 that Wang Lili, a shareholder holding a total of 12.45% of the shares, and her joint actor Nanjing Kefu Rongguang Enterprise Consulting Partnership (Limited Partnership) (referred to as "Kefu Rongguang") intend to reduce their holdings of the company's shares by no more than 3% in total.

Source: Securities Times, The Paper, Jiemian News, 21st Century Business Herald

Statement: All information content of Databao does not constitute investment advice. The stock market is risky and investment should be cautious.

Editor: Lin Lifeng

Proofread by: Wang Chaoquan

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