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Newsletter of October 22

  • Author:Securities Affairs Headquarters
  • Origin:Yawang Energy Group
  • Time of issue:2020-11-09
  • Views:

(Summary description)Securities Newsletter

Newsletter of October 22

Information
1. Macroeconomic news
 
Xinhua News Agency: The 2020 Pujiang Innovation Forum opened in Shanghai on the 22nd. Li Keqiang said that we will maintain the continuity and effectiveness of macroeconomic policies to further stimulate market vitality and social creativity. After hard work, China's economy is expected to achieve positive growth throughout the year.
 
Bureau of Statistics: On October 22, the Bureau of Statistics released data on the per capita disposable income of residents in the first three quarters of 31 provinces. In the first three quarters, the national per capita disposable income of residents was 23,781 yuan, a nominal increase of 3.9% over the same period last year, and the nominal growth rate rebounded by 1.5 percentage points from the first half of the year.
 
2. Capital market news
 
The three major A-share indexes closed down. Specifically, the Shanghai Composite Index fell 0.38% to close at 3,12.50 points; the Shenzhen Component Index fell 0.53% to close at 13396.18 points; the ChiNext Index fell 1% to close at 2673.59 points. Market volume shrank, with a total of 663.7 billion yuan in transactions between the two cities.
 
Beijing will promote 100 open and innovative measures in the financial sector. On October 22, at the 2020 Financial Street Forum Annual Meeting, the mayor of Xicheng District introduced that according to Beijing’s work arrangements for the construction of a comprehensive demonstration zone for the expansion of the national service industry and a pilot free trade zone, Beijing will implement 100 open innovations in the financial sector Initiative.
 
The number of delisted companies in the past two years is twice the sum of the previous six years. On October 22, at the 2020 Financial Street Forum annual meeting, the director of the Market I of the Securities Regulatory Commission stated that the current delisting efforts have never been unprecedented. According to statistics, since last year, 24 listed companies have been forced to delist. This figure is twice the sum of the previous six years.
 
Ant will most likely set the world's largest IPO in recent years. According to media reports, the market has raised the valuation of Alibaba's Ant Group to US$380 to 461 billion, and A shares will welcome trillions of market capitalization financial technology companies. Previously, it was reported that the market raised the IPO valuation of Ant Group to $280 billion.
 
With a valuation of over 100 billion yuan, Yuanjiao is ranked first in the global education technology unicorn company. On October 22, Yuandao Online Education Company announced that it has recently completed G1 and G2 rounds of financing totaling 2.2 billion US dollars (nearly 15 billion RMB). After the financing, the company's valuation reached 15.5 billion U.S. dollars (approximately 103 billion yuan), ranking first among the global education technology unicorn companies.
 
3.power industry news
 
State Council: On October 21st, Vice Premier Liu He delivered a keynote speech at the opening ceremony of the 2020 Financial Street Forum Annual Meeting and stated that it is necessary to vigorously develop clean energy, renewable energy and green environmental protection industries to enhance the sustainability of development.
 
Ministry of Ecology and Environment: On October 21, the Vice Minister of the Ministry of Ecology and Environment revealed at a press conference held by the State Council Information Office that China has already fulfilled the 2020 carbon emission reduction goal promised to the international community ahead of schedule, and will strive to achieve a new country in the next step. Independent contribution and carbon neutral vision.
 
State Grid: A few days ago, State Grid statistics showed that in the first three quarters, the electricity consumption of the whole society in the operation area of ​​State Grid increased by 0.5%, and the cumulative electricity consumption recovered and exceeded the level of the same period last year.
 
Polaris Power Network: Recently, the stator of No. 1 hydro-generator unit of Mulihe Guzeng Hydropower Station was successfully hoisted. The Guzeng Hydropower Station is located on the main stream of the Muli River in Muli County, Liangshan Prefecture, Sichuan Province. It is the fifth cascade of the "One Reservoir and Six Levels" hydropower plan on the main stream of the Muli River, with an installed capacity of 172 MW.
 
4.industrial energy storage industry news
 
Power Battery Network: As the sales of electric vehicles are soaring, the global information analysis and solution provider IHSINFOMarkit research shows that by 2050, 60%-80% of global new vehicle sales will be electric vehicles.
 
Guoxuan Hi-Tech: According to news on October 22, Guoxuan Hi-Tech plans to increase its battery production capacity to 80 gigawatt-hours in 2023 and 100 gigawatt-hours in 2025. Currently, the company's battery production capacity is 28 gigawatt hours.
 
LG Chem: Thanks to the increasing demand for electric vehicle batteries, LG Chem expects that its battery sales and profits will further increase in the fourth quarter of this year. LG Chem’s total operating profit in the third quarter rose 159% year-on-year to a record 902 billion won (approximately US$797 million).
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