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Newsletter of October 12

  • Author:Securities Affairs Headquarters
  • Origin:Yawang Energy Group
  • Time of issue:2020-11-06
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(Summary description)Securities Newsletter

Newsletter of October 12

Information
1. Macroeconomic news
 
State-owned Assets Supervision and Administration Commission: On October 12, the deputy director of the State-owned Assets Supervision and Administration Commission stated that from January to August this year, central enterprises introduced more than 170 billion yuan of social capital through investment, mergers and acquisitions, capital increase and share expansion, an increase of 28% year-on-year.
 
Ministry of Finance: On October 11, the latest data released by the Ministry of Finance showed that this year’s local government’s new bond issuance exceeded 4.3 trillion yuan, and nearly 90% of the annual plan has been completed. The issuance peak period since the third quarter of this year has gradually Near the end.
 
CCTV Finance: According to reports, S&P Global Market Intelligence statistics show that there are 504 large-scale companies filed for bankruptcy in the United States this year, exceeding the number of bankruptcy applications in any comparable period since 2010. Consumer, industrial, and energy companies accounted for the majority of companies that filed for bankruptcy.
 
Xinhua News Agency: On October 11th, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the "Implementation Plan for the Pilot Comprehensive Reform of Building a Pilot Demonstration Zone of Socialism with Chinese Characteristics in Shenzhen (2020-2025)".
 
2. Capital market news
 
The three major A-share indexes surged. Specifically, the Shanghai Composite Index closed up 2.64% to close at 3358.47 points; the Shenzhen Component Index rose 3.15% to close at 13708.07 points; the ChiNext Index had the strongest trend, rising 3.91% to close at 2777.39 points. The market volume expanded, with a total of 971.4 billion yuan in transactions between the two cities.
 
Support the merger and reorganization of state-owned enterprises and private enterprises. On October 12, at a press briefing held by the Information Office of the State Council, the deputy director of the State-owned Assets Supervision and Administration Commission stated that he has never set a boundary between the merger and reorganization of state-owned enterprises and private enterprises and supports mutual mergers and reorganizations.
 
To improve the quality of listed companies, we must vigorously resolve issues such as stock pledges. Yan Qingmin, vice chairman of the China Securities Regulatory Commission, said at a regular briefing on the "Improving the Quality of Listed Companies" policy of the State Council on the 12th that the current improvement of the quality of listed companies must resolve issues such as stock pledge, capital occupation, and illegal guarantees.
 
Continue to support Shenzhen to take the lead in building capital markets. On October 11, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the "Implementation Plan for the Pilot Comprehensive Reform of Shenzhen's Construction of a Pilot Demonstration Zone of Socialism with Chinese Characteristics (2020-2025)". The "Plan" puts forward that it will support Shenzhen to take the lead in building capital markets. Promote the reform of the Growth Enterprise Market and pilot the registration system, and pilot the domestic issuance of stocks or depository receipts (CDR) by innovative enterprises.
 
175 ChiNext IPO companies suspended their review. As of the 9th, there are 341 companies under review under the GEM registration system, of which a total of 175 companies have applied for suspension of review, accounting for more than 50%. Most of the reasons are "issuers and sponsors actively applied for suspension after updating financial information. ".
 
54 Sci-tech Innovation Board companies announced their performance forecasts for the first three quarters, with 17 shares expected to increase. As of October 12, 54 Sci-tech Innovation Board companies have announced their performance forecasts for the first three quarters. The type of performance forecast shows that 17 companies are expected to increase; 9 companies are expected to decline in performance and 7 companies are expected to lose money.
 
3.power industry news
 
Guangxi People's Government: On October 10, the Guangxi Autonomous Region government held a video and telephone conference to deploy and promote the three-year battle of "five networks" construction and the construction of green smart grids.
Sichuan Electric Power Trading Center: On October 12, Sichuan Electric Power Trading Center disclosed the supply and demand forecast information of Sichuan Power Grid in October. In October, Sichuan’s entire society consumed 23.5 billion kWh of electricity and 42.5 billion kWh of power generation (full scale).
 
Polaris Power Network: Recently, the ±800 kV UHV DC transmission line from Yazhong to Jiangxi has successfully completed the "Ganjiang Great Leap". The "Yajiang DC" project will be completed in June 2021. After it is put into operation, the annual electricity transmission is expected to exceed 40 billion kilowatt-hours. By then, Sichuan's clean hydropower energy will be sent to Jiangxi, solving the problem of a large number of "abandonment" in Sichuan.
 
Three Gorges Group: In the first three quarters, the total inflow of water from the Three Gorges Reservoir exceeded 417.4 billion cubic meters. During the period when the water level fell, 195 days were provided for downstream replenishment, totaling 22.92 billion cubic meters.
 
4.industrial energy storage industry news
 
Commonwealth Finance: On October 12, according to a report from the Voice of Economy of China Central Radio and Television "Tianxia Finance", the Ministry of Industry and Information Technology recently started to solicit opinions on the "Administrative Measures for the Echelon Utilization of New Energy Vehicle Power Batteries".
 
Power Battery Network: According to a report released by Markets and Markets, an international market research organization, the global battery energy storage system market is expected to reach US$2.9 billion in 2020. By 2025, this data is expected to increase to US$12.1 billion, with a compound annual rate. The growth rate reached 32.8%.
 
BYD: On October 9, BYD’s September sales report showed that in September, BYD’s total sales of cars were 42,200, an increase of 3.57% year-on-year. Among them, the sales of new energy vehicles was 19,900, an increase of 45.32% year-on-year. In addition, the company's total installed capacity of new energy vehicle power batteries and energy storage batteries in September was approximately 1.271 GWh, and the total installed capacity this year was approximately 7.084 GWh.
 
Longpan Technology: On October 9, Longpan Technology signed an investment agreement with the People's Government of Pengxi County. It plans to invest 800 million yuan to produce high-performance lithium iron phosphate battery materials, ternary cathode materials, anode materials and engine exhaust gas treatment fluids. Wait.
 
Ruipu Energy: Recently, the second phase of Ruipu Energy's 8GWh power and energy storage lithium-ion battery and system project started construction. The project plans to invest 1.5 billion yuan and is expected to be completed and put into operation in the second half of 2021.
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