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1. the latest statement from the china securities regulatory commission: we will further comprehensively deepen market reform, continuously improve the quality of listed companies and their investment value, and give full play to the functions of the multi-level market system.

in order to improve the quality and value of listed companies, it must be said that the results of market reform have been evident, and the phenomenon of large-scale ipos has become a thing of the past. this year, both the number of ipos and the scale of fundraising have shrunk significantly. specifically, only 62 companies successfully raised funds through ipos, totaling 43.936 billion yuan, compared with last year.

these two figures dropped by 75.10% and 85.86% respectively. what is more worth mentioning is that more than 300 companies have chosen to withdraw their ipo applications this year. this undoubtedly provides a solid guarantee for the quality of new stocks, which is almost equivalent to suspending ipos.

2. china rare earth group has made significant progress in the exploration field, and the market expects the new rare earth resources to reach 4.96 million tons.

in terms of valuation, four listed companies in the rare earth permanent magnet sector appear to be quite cost-effective, with their rolling price-to-earnings ratios being less than 20 times. these four companies are xiamen tungsten co., ltd., hengdian dongmei magnetics co., ltd., dayang electric motor co., ltd. and zhenghai magnetic materials co., ltd.