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2024-08-01

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The State Council issued the "Five-Year Action Plan for Deeply Implementing the People-Oriented New Urbanization Strategy"

The State Council recently issued the "Five-Year Action Plan for Deeply Implementing the People-oriented New Urbanization Strategy", which makes arrangements for the overall requirements, key tasks, policy measures and organizational implementation of promoting the construction of new urbanization in the next five years. It is clear that we must adhere to the working principles of people-oriented, following the rules, classified measures, intensive and efficient. After five years of efforts, the channels for agricultural migrant population to settle in cities have been further unblocked, the system of providing basic public services in permanent places has been further improved, the coordinated promotion of new industrialization and urbanization in potential areas has been significantly accelerated, a number of modern metropolitan areas with strong radiation and driving force have been cultivated and formed, the shortcomings of urban safety and resilience have been effectively made up, and the urbanization rate of permanent population has been increased to nearly 70%, better supporting the high-quality development of the economy and society.

Three departments: Optimize and adjust drone export control measures, which will be officially implemented on September 1

The Ministry of Commerce, the General Administration of Customs, and the Equipment Development Department of the Central Military Commission issued an announcement to optimize and adjust the export control measures for drones, which will be officially implemented from September 1, 2024. The announcement mentioned that for all unmanned aerial vehicles that are not included in the export control list or not subject to temporary control, if the export operator knows or should know that the export will be used for the proliferation of weapons of mass destruction, terrorist activities or military purposes, it shall not be exported. The export of items listed in this announcement that have a significant impact on national security shall be reported to the State Council for approval by the Ministry of Commerce together with relevant departments. If the license is approved after review, the Ministry of Commerce shall issue an export license for dual-use items and technologies.

The Central Cyberspace Affairs Commission launched a special campaign to "clear up and rectify false and vulgar phenomena in online live broadcasting"

Recently, the Central Cyberspace Affairs Commission issued a special notice to deploy a one-month special campaign across the country to "clear up and rectify false and vulgar phenomena in the field of online live broadcasting". Strengthen the management of professional qualification certification. In fields that require a high level of professionalism, such as finance, education, medical care, and justice, it is necessary to strengthen the verification of anchor qualifications, and display the names of certification materials such as their service qualifications, professional qualifications, and professional background in a prominent position, add labels for the fields they belong to, and strictly deal with accounts that do not have certification qualifications and impersonate professionals to conduct live broadcasts in accordance with laws, regulations, and contracts.

Ministry of Finance: Considering moving the consumption tax collection process backward and steadily transferring it to local governments

Wang Dongwei, Vice Minister of the Ministry of Finance, said at a press conference held by the State Council Information Office today that among the current large-scale taxes, consumption tax is entirely levied by the central government and is mainly collected at the production and import stages. In the next step, we will consider moving the collection of consumption tax to a later stage and steadily transferring it to local governments, taking into account factors such as the division of central and local revenues and tax collection and management capabilities, and steadily implementing it by item and step, expanding local revenue sources and guiding local governments to improve the consumption environment.

Shanghai Municipal Government: Issued Implementation Opinions on Further Giving Play to the Role of the Capital Market to Promote the High-Quality Development of the City's Science and Technology Innovation Enterprises

It is mentioned that the main goal is to cultivate a group of high-quality listed companies with science and technology as the core, focusing on the construction of Shanghai's modern industrial system, with enterprises that meet national strategic orientations and break through key core technologies as the main body. The implementation opinions also mentioned that we should deepen the institutional reform of the capital market, adapt to the development characteristics of new quality productivity, and support high-quality unprofitable technology-based enterprises with key core technologies, great market potential, and outstanding scientific and technological attributes to be listed on the Science and Technology Innovation Board. Appropriately improve the inclusiveness of the valuation of mergers and acquisitions and restructuring of listed companies on the Science and Technology Innovation Board.

China's manufacturing purchasing managers' index was 49.4% in July, and the operating trend remained stable

On July 31, the China Federation of Logistics and Purchasing and the National Bureau of Statistics announced that the Purchasing Managers' Index for China's manufacturing industry was 49.4% in July, and the operating trend remained stable. From the changes in the sub-index, the production of enterprises has been stable and increased, and the production index is 50.1%, running in the expansion range for five consecutive months. Among them, the production activities of large enterprises maintained a good growth, and the production index of large enterprises was running above 52%.

The Bank of Japan made a major announcement: interest rate hike! The yen rebounded

On July 31, the Bank of Japan announced a 15 basis point rate hike, raising the policy rate to 0.15%-0.25%. The Bank of Japan passed the interest rate resolution with a vote ratio of 7:2. This rate hike exceeded market expectations, and the market expected that the probability of a rate hike in July was only about 40%. At the same time, the Bank of Japan announced a plan to reduce its balance sheet by about 400 billion yen each quarter, and the monthly bond purchase scale will be reduced to 3 trillion yen (about 141.3 billion yuan) by the first quarter of 2026. Stimulated by the rising expectations of the Bank of Japan's rate hike, the yen staged a major counterattack.

The Federal Reserve announced that it would keep interest rates unchanged

On July 31, local time, the U.S. Federal Reserve concluded its two-day monetary policy meeting and announced that it would maintain the target range of the federal funds rate at 5.25% to 5.5%. This is the eighth consecutive meeting since September last year that the Fed has maintained interest rates unchanged, in line with market expectations.

company news

Tasly: ​​The controlling shareholder is planning to change the control rights, and the company's stock will be suspended from August 1

Tasly announced that because the company's controlling shareholder, Tasly Biotechnology Industry Group Co., Ltd., is planning to transfer the company's shares, which may lead to a change in the company's control, the company's shares will be suspended from trading on August 1, and the suspension is expected to last no more than two trading days.

Sichuan Chengyu: Planning to purchase assets, stocks will be suspended from the opening of the market on August 1

Sichuan Chengyu announced that the company is planning to issue A-shares and pay cash to purchase 85% of the equity of Hubei Jingyi Expressway Co., Ltd. held by Shudao (Sichuan) Innovation Investment Development Co., Ltd. According to relevant laws and regulations, this transaction constitutes a related-party transaction of the company and is not expected to constitute a major asset reorganization of the company. As this transaction is still in the planning stage and there are uncertainties, after applying to the Shanghai Stock Exchange, the company's stock will be suspended from the opening of the market on August 1, 2024 (Thursday), and the total suspension time is expected to be no more than 10 trading days.

Taiji Group: Shareholder Fuling State Investment intends to transfer 7.92% of the company's shares free of charge

Taiji Group announced that its shareholder Chongqing Fuling State-owned Assets Investment and Operation Group Co., Ltd. intends to transfer its 44.0953 million shares of the company's unrestricted tradable shares (accounting for 7.92% of the company's total share capital) to Chongqing Fuling Shale Gas Industry Investment Development Co., Ltd. free of charge. This transfer is a free transfer of state-owned shares within the company and does not involve a tender offer. The implementation of this free transfer of state-owned shares will not lead to changes in the company's controlling shareholder and actual controller.

Hefei Urban Construction: Holding subsidiary signs contract for transfer of state-owned construction land use rights

Hefei Urban Construction announced that Hefei Gongtou Industrial Technology Feixi Co., Ltd., a holding subsidiary of the company's wholly-owned subsidiary Hefei Gongtou Industrial Technology Development Co., Ltd., participated in the land use rights transfer event organized by the Feixi County Natural Resources and Planning Bureau on July 3, and acquired the FX202413-3 plot in Feixi County, Hefei City through listing. Gongtou Feixi recently signed the "State-owned Construction Land Use Rights Transfer Contract" with the Feixi County Natural Resources and Planning Bureau, and the land use rights transfer price was 21.594 million yuan.

Huafa Group: A wholly-owned subsidiary intends to transfer the existing real estate under its subsidiary for RMB 266 million

Huafa shares announced that its wholly-owned subsidiary Zhuhai Huafa Asset Management Co., Ltd. intends to transfer the existing real estate under Huaben Company to Zhuhai Anju Group Co., Ltd. by transferring 100% equity of its wholly-owned subsidiary Huaben Company, with the transfer price of 266 million yuan. The equity transferee and the company are related parties under the same actual controller.

Efort: Plans to invest no more than 1.9 billion yuan to build the Efort Robot Super Factory and Global Headquarters Project

On the evening of July 31, Efort announced that the company plans to purchase land in Wuhu City, Anhui Province to invest in the construction of the Efort Robot Super Factory and Global Headquarters Project. According to preliminary estimates, the project investment amount is expected to be no more than 1.9 billion yuan. The project uses its own intellectual property and technology to build a super intelligent digital factory integrating automated assembly, three-dimensional warehouse, CNC machining center, core parts production, and quality inspection center, including a research and development technology laboratory center, industry application workstation, Efort Science and Technology Innovation Center, and a diversified scientific research base for exhibition halls. After the project is completed and reaches full production, it is expected to achieve an annual output of 100,000 high-performance industrial robots.

Estun: Plans to increase capital in Estun Robotics by RMB 450 million

Estun announced on the evening of July 31 that it plans to transfer its 10% stake in Estun Medical to the company's controlling shareholder, Perest, at a transfer price of 24 million yuan. After the transfer is completed, the company will hold a 16.68% stake in Estun Medical. In addition, the company plans to increase the capital of Estun Robotics by 450 million yuan, of which 300 million yuan will be included in the registered capital and 150 million yuan will be included in the capital reserve. After the capital increase is completed, the registered capital of Estun Robotics will increase from 150 million yuan to 450 million yuan, and the company will still hold 100% of the equity of Estun Robotics.

Longyuan Construction: Jointly won the bid for the 450 million yuan Hangzhou West Station Hub South Complex Underground Road and Connection Engineering Project

Longyuan Construction announced that the company recently received a winning bid notice issued by Hangzhou West Station Hub Development Co., Ltd. The company and Hangzhou Xiaohong Construction Environment Group Co., Ltd. consortium are the winning bidders for the Hangzhou West Station Hub South Complex underground road and connection project. The winning bid price of the project is 450 million yuan and the construction period is 800 days.

CRRC: Several contracts signed recently, with a total amount of approximately RMB 45.99 billion

CRRC Corporation Limited announced that the company has signed several contracts recently (mainly in June-July 2024) with a total amount of approximately RMB 45.99 billion. The total contract amount accounts for approximately 19.6% of the company's operating income in 2023 under Chinese accounting standards.

Walterdyne: Net profit in the first half of the year increased by 3.12% year-on-year, and plans to pay 5 yuan per share

Walterdyne disclosed its semi-annual report, and the company achieved operating income of 1.154 billion yuan in the first half of 2024, a year-on-year increase of 0.1%; net profit attributable to the parent company was 332 million yuan, a year-on-year increase of 3.12%; basic earnings per share was 1.42 yuan. Among them, the pharmaceutical sector achieved operating income of 1.136 billion yuan and net profit of 631 million yuan, a year-on-year increase of 0.47% and 0.30% respectively. The company plans to pay a cash dividend of 5 yuan (including tax) for every 10 shares to all shareholders.

Yaxiang Integration: Net profit in the first half of the year was 237 million yuan, an increase of 219.92% year-on-year

Yaxiang Integration disclosed its semi-annual report on the evening of July 31. The company achieved operating income of 2.85 billion yuan in the first half of 2024, an increase of 206.06% year-on-year; net profit attributable to shareholders of listed companies was 237 million yuan, an increase of 219.92% year-on-year; basic earnings per share was 1.11 yuan.

Lihua shares: net profit of 575 million yuan in the first half of the year, turning losses into profits year-on-year, plans to pay 3 yuan for every 10 shares

Lihua shares disclosed its semi-annual report on the evening of July 31. The company achieved operating income of 7.805 billion yuan in the first half of 2024, a year-on-year increase of 12.16%; realized net profit attributable to the parent company of 575 million yuan, a year-on-year turnaround; basic earnings per share of 0.69 yuan. The company plans to pay a cash dividend of 3 yuan (including tax) for every 10 shares to all shareholders.

Cambridge Technology: Controlling shareholder CIG Cayman and shareholder Kangling Technology intend to reduce their holdings in the company by no more than 2%

Cambridge Technologies announced that the company's controlling shareholder, Cambridge Industries Company Limited, which holds a 15.06% stake, and Shanghai Kangling Technology Partnership (Limited Partnership), which holds a 3.36% stake, plan to reduce their holdings of the company's shares by no more than 5.3608 million shares, accounting for 2% of the company's total shares, through block trading and centralized bidding transactions.

Source: CCTV News, Xinhua News Agency, Ministry of Commerce website, China Cyberspace Affairs Commission, etc.

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

Editor: He Yu

Proofreading: Li Lingfeng

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