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the latest tone from the central bank! the hong kong stock exchange officially announced that it will take effect next week. the top ten news that will affect the market this week

2024-09-17

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1

trump was assassinated again, and the suspect was charged with two crimes

according to xinhua news agency, the us republican presidential candidate and former president donald trump encountered an assassination attempt while playing golf in florida on september 15. trump is safe and the suspect has been detained. on september 16 local time, ryan rouse, a suspect in the plot to assassinate former us president trump, was charged with two gun-related violations during his first court appearance, including possession of a gun as a convicted felon and possession of a gun with an erased serial number.

it is reported that ryan rouse will return to court for a detention hearing on september 23, and the arraignment is scheduled for september 30. prosecutors said they will request that the suspect be detained before trial due to the risk of absconding and danger to the community. law enforcement officials said the investigation into the failed "assassination" of trump is still ongoing and ryan rouse may face more charges.

2

central bank: will promote incremental policies to reduce corporate financing and resident credit costs

on september 13, the head of the relevant department of the central bank said in interpreting the financial statistics for august that the central bank will adhere to a supportive monetary policy stance to create a good monetary and financial environment for the economic recovery. monetary policy will be more flexible, moderate, precise and effective, increase regulatory efforts, accelerate the implementation of the financial policy measures that have been issued, and start to launch some incremental policy measures to further reduce corporate financing and resident credit costs and maintain reasonable liquidity. maintaining price stability and promoting a moderate recovery in prices will be an important consideration in grasping monetary policy, and reasonable consumer financing needs will be met in a more targeted manner.

3

ministry of commerce spokesperson's remarks on the us's final measures to increase some section 301 tariffs on china

on september 13, u.s. time, the office of the u.s. trade representative issued an announcement on the final measures of section 301 tariffs on china, announcing that it would increase section 301 tariffs on some chinese goods. on september 14, the ministry of commerce stated that china was strongly dissatisfied with this and firmly opposed it.

the ministry of commerce said that china has repeatedly lodged solemn representations with the united states on the issue of section 301 tariffs. the wto has long ruled that section 301 tariffs violate wto rules. instead of correcting them, the united states has further increased tariffs on china, which is a mistake on top of a mistake. the us section 301 tariff measures are typical unilateralism and protectionism. they not only seriously undermine the international trade order and the security and stability of the global industrial chain and supply chain, but also fail to solve its own trade deficit and industrial competitiveness problems. they have also pushed up the prices of us imported goods, and the costs are ultimately borne by us companies and consumers. china's latest "report on the implementation of wto rules and obligations by the united states" points out that the united states is a "disruptor of the global industrial chain and supply chain", and once again expresses serious concern about the us abuse of the "section 301".

4

financial supervision bureau: promote non-bank financial institutions to support large-scale equipment renewal and consumer product trade-in activities

on september 14, the state financial supervision and administration bureau issued the "notice on promoting non-bank financial institutions to support large-scale equipment updates and consumer goods trade-in actions". the "notice" encourages non-bank institutions to support large-scale equipment updates and consumer goods trade-in actions from three aspects: increasing financial support, optimizing internal management systems and mechanisms, and increasing regulatory policy support, focusing on key areas of high-quality industrial development and people's needs for a better life, empowering and helping to develop new quality productivity, and continuously improving the ability and level of serving the high-quality development of the real economy and china-style modernization.

5

pwc receives record-breaking fines from china securities regulatory commission and the ministry of finance

on the afternoon of september 13, the penalty decision of pricewaterhousecoopers was finally announced. the ministry of finance and the china securities regulatory commission imposed fines of 116 million yuan and 325 million yuan on pricewaterhousecoopers zhongtian accounting firm respectively. at the same time, pricewaterhousecoopers was given a warning, suspended from business for 6 months, and its guangzhou branch was revoked.

"the penalty amount of 325 million yuan is close to the total amount of fines and confiscations we have imposed on more than 50 accounting firms that violated laws and regulations in the past three years." a relevant person in charge of the china securities regulatory commission said when answering reporters' questions.

6

hkex officially announced: severe weather trading will be implemented from september 23

on september 16, the hong kong stock exchange announced that it had received regulatory approval to implement inclement weather trading. inclement weather trading will take effect from september 23, 2024. securities trading on or through the exchange (including northbound and southbound trading of the shanghai-hong kong stock connect) will continue to be maintained during inclement weather conditions. similar to regular trading days, all exchange participants need to continue to provide trading-related services during inclement weather.

7

statistics bureau: in august, the added value of industrial enterprises above designated size increased by 4.5% year-on-year, and the national economy was generally stable

on september 14, the national bureau of statistics released data saying that in august, the added value of industrial enterprises above designated size increased by 4.5% year-on-year; the month-on-month increase was 0.32%. in terms of the three major categories, the added value of mining industry increased by 3.7% year-on-year, the manufacturing industry increased by 4.3%, and the electricity, heat, gas and water production and supply industry increased by 6.8%. the added value of equipment manufacturing industry increased by 6.4% year-on-year, and the added value of high-tech manufacturing industry increased by 8.6%, which were 1.9 percentage points and 4.1 percentage points faster than the added value of all industrial enterprises above designated size, respectively. in terms of economic types, the added value of state-controlled enterprises increased by 3.6% year-on-year; joint-stock enterprises increased by 5.0%; foreign-invested enterprises and hong kong, macao and taiwan-invested enterprises increased by 2.8%; and private enterprises increased by 4.5%.

the national bureau of statistics said that overall, the economy operated smoothly in august, and high-quality development was steadily promoted. however, it should also be noted that the adverse effects of the current changes in the external environment have increased, domestic effective demand is still insufficient, and the continued recovery of the economy still faces many difficulties and challenges.

8

intel surges, most popular chinese stocks fall

on september 17, the three major u.s. stock indexes closed mixed, with the nasdaq down 0.52%, the s&p 500 up 0.13%, and the dow up 0.55%, setting a new record high. large technology stocks rose and fell, with apple down more than 2%, nvidia and tesla down more than 1%, meta up more than 1%, and intel up more than 6%. the company confirmed that it was eligible for a $3 billion department of defense chip law grant, confirming previous reports. the aluminum sector led the gains in u.s. stocks, with alcoa up more than 6% and century aluminum up more than 4%.

most of the popular chinese stocks fell, and the nasdaq china golden dragon index closed down 0.58%. among them, alibaba fell 1.28%, pinduoduo rose 2.33%, netease fell 0.70%, jd.com rose 0.23%, baidu rose 0.51%, new oriental fell 0.74%, and bilibili fell 1.08%.

9

ipo registration and new stock status

the china securities regulatory commission approved the ipo registration of one company. on september 13, the china securities regulatory commission website disclosed the approval for the registration of the initial public offering of wuhan gangdi technology co., ltd.

there are 2 new stocks available for subscription this week (september 16-september 20). on wednesday (september 18), the new stock tongguan mining construction of beijing stock exchange was subscribed, with an issue price of 4.33 yuan, subscription code 920019, a subscription limit of 2.1533 million shares, and a maximum subscription market value of 21.533 million yuan. on thursday (september 19), the new stock changlian technology of shenzhen stock exchange chinext was subscribed, with an issue price of 21.12 yuan, subscription code 301618, a subscription limit of 16,000 shares, and a maximum subscription market value of 160,000 yuan.

10

this week, restricted shares with a market value of over 26 billion yuan will be released

data shows that this week (september 16th to september 20th), a total of 45 companies’ restricted shares were gradually released, with a total of 2.982 billion shares released. based on the closing price on september 13th, the market value of the released shares was 26.124 billion yuan.

in terms of the market value of unblocked shares, the top three are: centec communications-u (5.152 billion yuan), waifu holdings (3.719 billion yuan), and newway cnc (3.09 billion yuan). in terms of the proportion of unblocked shares, the top three are: meibang shares (75%), newway cnc (75%), and shanghai port (68.42%).