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November 9 Newsletter

  • Author:Securities Affairs Headquarters
  • Origin:Yawang Energy Group
  • Time of issue:2020-11-10
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(Summary description)Securities Newsletter

November 9 Newsletter

1. Macroeconomic news
Office of the State Council: On November 9th, in order to deepen the reform of decentralization, control and service, optimize the business environment, and stimulate the development vitality and social creativity of market entities, the State Council issued an announcement on the comprehensive implementation of the notification and commitment system for certification matters and business license matters related to enterprises instructions.
Ministry of Water Resources: On November 9th, the Ministry of Water Resources announced that from January to October this year, investment in water conservancy construction nationwide exceeded 730 billion yuan, of which local government special bonds reached 136.6 billion yuan, 5.3 times the actual implementation in 2019.
Securities Times: On November 9th, the National Bureau of Statistics of the Philippines released a report stating that the Philippines' economy contracted 16.9% year-on-year in the second quarter, which was larger than the previously expected 16.5%.
2. Capital market news
The three major A-share indexes surged. Specifically, the Shanghai Composite Index closed up 1.86% to close at 3373.73 points; the Shenzhen Component Index rose 2.19% to close at 14141.15 points; the ChiNext Index rose 2.96% to close at 2814.00 points. The market volume has expanded, and the total transaction volume between the two cities has exceeded one trillion yuan, reaching 1.08 trillion yuan today.
The most expensive Hong Kong stocks are here! The issue price is HK$1190. On November 9, New Oriental-S officially realized the secondary listing in Hong Kong under the stock code "9901". The issue price of New Oriental was HK$1190, making it the first HK$1,000 share.
In the first 10 months, 320 companies raised 395.2 billion yuan in A-share listings. From January to October this year, a total of 320 A-share companies completed IPOs, raising a total of 395.203 billion yuan. Among them, 199 companies were listed on the main board, small and medium board, and ChiNext, and 121 companies on the Science and Technology Innovation Board were listed.
3.power industry news
Yunnan Water Resources Department: On November 9, the Yunnan Water Resources Department stated that as of the end of October, most of the tasks of small hydropower clean-up and reform in Yunnan Province have been completed, and the annual rectification tasks will be completed by the end of 2020 as planned.
Three Gorges Group: On November 9th, the Three Gorges Group announced that the 4 units of Wudongde Hydropower Station’s total power generation capacity exceeded 10 billion kWh, completing 78.7% of the annual power generation target. The steady stream of clean power has effectively relieved the Guangdong-Hong Kong-Macao Greater Bay Area. Power supply and demand in other places are becoming tighter.
State Power Investment Corporation: On November 9th, State Power Investment Corporation announced that as of the end of September, State Power Investment Corporation had added 15.1044 million kilowatts of installed capacity this year, setting a new record, of which 71.5% were clean energy projects such as solar and wind energy.
4. industrial energy storage industry news
Passenger Association: On November 9th, the Passenger Association released data showing that the wholesale sales of new energy passenger vehicles in October exceeded 144,000, a year-on-year increase of 119.8% and a month-on-month increase of 15.9%.
Nonferrous Metals Network: November 9th, in the short term, SMM neutral expects that China's new energy vehicle output in 2021 will drive a year-on-year growth rate of nearly 31% in demand for cobalt to 17,000 metal tons.
Power Battery Network: Yonhap News Agency reported on November 9 that the battery business subsidiary of LG Chem to be split next month was finally named "LG Energy Solutions." LG Chem plans to increase investment in the spin-off company in the future, and strive to increase the sales of the new company to 30 trillion won (about 176.76 billion yuan) by 2024.
Ministry of Industry and Information Technology: On November 7, at the China Automotive Industry Development Forum held during the third CIIE, the first director of the Ministry of Industry and Information Technology stated that the next step will be to improve the preferential policies for the use of new energy vehicles and unswervingly promote the development of new energy vehicles .


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