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Newsletter of October 20

  • Author:Securities Affairs Headquarters
  • Origin:Yawang Energy Group
  • Time of issue:2020-11-09
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(Summary description)Securities Newsletter

Newsletter of October 20

Information
1. Macroeconomic news
 
SASAC: On October 20, the SASAC held a press conference on the economic performance of central enterprises in the first three quarters of 2020. According to the Secretary-General of the State-owned Assets Supervision and Administration Commission, the central enterprises achieved 21.1 trillion yuan in operating income in the first three quarters, down 4.6% year-on-year, and the rate of decline narrowed by 1.2 percentage points from January to August.
 
Health Commission: On October 20, the State Council’s Joint Prevention and Control Mechanism held a press conference. The director of the Science and Technology Development Center of the Health Commission introduced that my country’s vaccine production capacity is expected to reach 610 million doses by the end of this year.
 
China Banking and Insurance Regulatory Commission: On October 20, the deputy director of the General Office of the China Banking and Insurance Regulatory Commission stated that in the first eight months, loans in the banking industry increased by 15.2 trillion yuan, an increase of 3 trillion yuan over the same period last year. The focus of credit funds is to invest in key areas and weak links such as manufacturing, infrastructure, technological innovation, small and micro businesses, rural areas and farmers.
 
Hurun Research Institute: On October 20, the Hurun Research Institute released the "2020 Hengchang Shaofang·Hurun Rich List". The total wealth of the entrepreneurs on the list increased by nearly 10 trillion yuan over last year. Among them, the top three are Ma Yun with 400 billion yuan, Ma Huateng with 390 billion yuan, and Zhong Suansuan with 365 billion yuan.
 
2. Capital market news
 
The three major A-share indexes closed up. Specifically, the Shanghai Composite Index rose 0.47% to close at 3328.10 points; the Shenzhen Component Index rose 1.36% to close at 13,603.88 points; the ChiNext Index rose 1.89% to close at 2740.58 points. Market volume shrank, with a total of 667.4 billion yuan in transactions between the two cities.
 
As of the end of June, 20 enterprises in poor areas have completed IPOs. On October 20, the China Securities Regulatory Commission stated that as of the end of June 2020, 20 companies in poverty-stricken areas had passed the issuance review and IPO, with a total of 13.87 billion yuan raised.
 
Chinese government bonds will become an important safe-haven asset. Alejo Czerwonko, chief investment officer for emerging markets in the Americas at UBS Wealth Management, said that given the “substantial rise in bond yields relative to developed markets” and the defensive nature of the recent sell-off, Chinese bonds are becoming an important safe-haven asset. .
 
The IPO of Ant Group in Hong Kong has been approved by the China Securities Regulatory Commission. On October 20th, Capital State learned that the Hong Kong stock company Alibaba's parent company Ant Group, the parent company of Alipay, has been approved by the Mainland Securities Regulatory Commission for its IPO plan in Hong Kong.
 
3.power industry news
 
Three ministries: On October 20, the Ministry of Finance, the National Development and Reform Commission, and the Energy Bureau issued a supplementary notice on the "Several Opinions on Promoting the Healthy Development of Non-aqueous Renewable Energy Power Generation". According to the "Supplementary Notice", wind power, photovoltaic and biomass projects have respectively determined the reasonable utilization hours of the whole life cycle, and the part of the power generation exceeding the subsidy of the whole life cycle will no longer enjoy the central government subsidy funds.
 
Energy Administration: Recently, the National Energy Administration issued an announcement on publicly soliciting opinions on the grid connection safety conditions and evaluation specifications of small hydropower generating units (revised draft for comments).
 
Bazhong Water Resources Bureau: As of October 20, Bazhong City, Sichuan has completed the cleanup and rectification tasks of 85 hydropower stations, and the completion rate of all indicators has reached 100%, which is 75 days ahead of the provincial deadline for completion by the end of 2020.
 
SDIC Power: On October 19, SDIC Power issued an announcement stating that the company is applying for the issuance of Global Depository Receipts (GDR) and listing on the London Stock Exchange. It has been approved by the UK Financial Conduct Authority. The company has determined that the final price of this issuance is $12.27 per GDR, and it will be listed on the London Stock Exchange on October 22.
Fourth, the industrial energy storage industry news
 
Power Battery Network: On October 20, it was reported that the Indonesian Minister of Industry confirmed today that Tesla is negotiating with the Indonesian government to discuss the establishment of a battery factory.
 
Gaogong Lithium Battery: In the post-subsidy era, it is becoming a trend for listed companies to spin off lithium electronics companies and sprint for IPO. A few days ago, Jiangsu Cathay Pacific issued the "Preplan on Spin-off of Subsidiary Jiangsu Ruitai New Energy Materials Co., Ltd. to List on the Growth Enterprise Market (Revised Draft)".
 
Hurun Research Institute: On October 20, the Hurun Research Institute released the "2020 Hengchang Shaofang·Hurun Rich List", in which Ningde Times Chairman Zeng Yuqun led the field of energy and power with 120 billion.
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