Newsletter of November 10

Information

1. Macroeconomic news

Bureau of Statistics: On November 10, the Bureau of Statistics released October consumer price index data. The CPI in October increased by 0.5% year-on-year, 1.2 percentage points lower than the previous month, and 0.3% month-on-month.

Bureau of Statistics: On November 10, the Bureau of Statistics released data on the factory price index of industrial producers in October. PPI in October fell 2.1% year-on-year, the same rate of decline as the previous month, and the same month-on-month.

Securities Times: On November 10th, experts predict that the growth rate of new credit in October may drop seasonally, the year-on-year growth rate of the stock of social financing may continue the upward trend temporarily, and the year-on-year growth rate of broad money (M2) balance may rebound to 11%. Nearby, the pace of credit expansion is generally stable.

2. Capital market news

The three major A-share indexes closed down. Specifically, the Shanghai Composite Index closed down 0.40% to close at 3360.15 points; the Shenzhen Component Index fell 1.05% to close at 13,993.34 points; the ChiNext Index fell 1.45% to close at 2773.22 points. The market volume shrank slightly, with a total of 981.2 billion yuan in transactions between the two cities.

The technology and innovation genes in the Guangdong-Hong Kong-Macao Greater Bay Area are increasing. According to the Shanghai Stock Exchange's announcement of the sci-tech innovation board issuance and listing project dynamics, as of November 10, there are 28 companies with registration results in the Guangdong-Hong Kong-Macao Greater Bay Area, accounting for 13.46% of all companies with registration results.

Establish an internationally competitive securities firm. On the afternoon of November 9th, at the 2020 World M&A Conference, Dai Xianglong, the former governor of the central bank, pointed out that China urgently needs to increase the proportion of direct financing and speed up the listing of companies. Large-scale securities companies to promote more companies to go public.

Securities firms issued bonds within the year to "replenish blood" approaching 1.5 trillion yuan. According to statistics, since the beginning of this year, brokerages have raised a total of 1,442.04 billion yuan through bond issuance, a year-on-year increase of 96.68%. At the same time, the listed securities companies have completed a total of 98.477 billion yuan in fixed increase and allotment funds, and there are still 61.3 billion yuan in financing plans "on the way."

3.power industry news

International Power Network: November 10th, recently, the second batch of units of Wudongde Hydropower Station was approved for trial operation. The first start-up operation indicators were good, and all parts were normal.

Guizhou Energy Administration: Recently, the Guizhou Provincial Energy Administration announced that the daily power generation capacity of the Guizhou province’s power grid has reached a record high, reaching 619 million kWh.

4. industrial energy storage industry news

Battery China: On November 10th, Tesla (Shanghai) plant plans to produce about 550,000 cars next year, and the installed capacity of power batteries is expected to be 35.25~41.75GWh.

Power Battery Network: On November 10th, a document recently submitted by Tesla to the Texas Environmental Quality Commission showed that Tesla intends to plant in Austin, Texas (currently under construction) It produces 4680 lithium-ion batteries with a production capacity of 90GWh.

Zhuhai Guanyu: A few days ago, the Shanghai Stock Exchange accepted Zhuhai Guanyu Battery Co., Ltd. ("Zhuhai Guanyu") Science and Technology Innovation Board IPO application. Zhuhai Guanyu's products are mainly divided into two categories: power lithium-ion battery products and consumer lithium-ion battery products.

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