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Newsletter of November 12

  • Author:Securities Affairs Headquarters
  • Origin:Yawang Energy Group
  • Time of issue:2020-11-13
  • Views:

(Summary description)Securities Newsletter

Newsletter of November 12

Information
1. Macroeconomic news
 
Ministry of Commerce: On November 12th, Li Xingqian, Director of the Department of Foreign Trade of the Ministry of Commerce, stated at the State Council’s policy briefing that he would continue to focus on stabilizing foreign trade policies and measures, and pay close attention to changes in the foreign trade situation. For new problems and new difficulties, we will study and reserve a new batch of policies and measures, and continue to promote the innovative development of foreign trade with stability and improvement.
 
Ministry of Finance: On the morning of November 12, the State Council Information Office held a regular briefing on State Council policies. Vice Minister of Finance Xu Hongcai said that as of the end of October, 1.7 trillion yuan of direct funds from the central government had basically been lowered.
 
China Government Website: Premier Li Keqiang attended the 23rd China-ASEAN (10+1) Leaders' Video Conference on the afternoon of November 12. He said that in the first three quarters of this year, China-ASEAN trade grew against the trend. China's investment in ASEAN increased by more than 70% year-on-year, and ASEAN has become China's largest trading partner.
 
2. Capital market news
 
The three major A-share indexes were mixed. Specifically, the Shanghai Composite Index fell 0.11% to close at 3336.68 points; the Shenzhen Component Index rose 0.52% to close at 13792.07 points; the ChiNext Index rose 0.71% to close at 2700.51 points. Market trading volume continued to shrink, with a total turnover of 708.1 billion yuan in the two cities.
 
Several major events that the Hong Kong Stock Exchange has planned for a long time are almost complete. On November 12, Hong Kong Stock Exchange Chief Executive Li Xiaojia said that at the end of 2020, several major events that the Hong Kong Stock Exchange had planned for a long time were almost complete: reform of the new stock issuance and settlement system, further improvement of the new listing system, Shanghai Shenzhen-Hong Kong Stock Connect investment target expansion, MSCI China A-share index futures.
 
It will take about half a year for Ant IPO to restart conservatively. According to media reports, on the night of November 3 when Ant Group announced the suspension of A-share and H-share listings, Jing Xiandong, Executive Chairman of Ant Group, called an emergency meeting with senior executives above the concentration level overnight. At the meeting, it was revealed that Ant IPO restarted conservative estimates. It will take at least half a year.
 
3. power industry news
 
Polaris Power Network: On November 12th, Polaris Power Network was informed that Unit 4 of Wudongde Hydropower Station was successfully started for the first time, providing favorable technical support for the subsequent 72-hour trial operation.
 
China Government Network: Recently, the "Government Work Report" clearly stated that the policy of reducing industrial and commercial electricity prices by 5% will be extended to the end of this year. The relevant departments of the State Council have successively issued documents to further clarify the implementation scope and specific measures of the electricity price reduction policy, and promote the implementation of the electricity price reduction policy.
 
4.industrial energy storage industry news
 
Power Battery Network: On November 12th, Indonesia is planning a major move to take advantage of the technological advantages of China and South Korea in the field of lithium batteries for pure electric vehicles to achieve the goal of localization of pure electric vehicle batteries by 2024. The country is currently negotiating with China's new energy company Ningde Times and South Korea's LG Chem, intending to allow these two companies to invest in Indonesia.
 
China Automobile Association: On November 11, the China Automobile Association announced the latest production and sales data. In October, the production and sales of new energy vehicles were 167,000 and 160,000, respectively, up 19.6% and 13.9% month-on-month, and 69.7% and 104.5% year-on-year.
 
Battery Alliance: On November 11, the China Automotive Power Battery Industry Innovation Alliance released data on new energy vehicle battery loading in October. In October, the installed capacity of power batteries in my country was 5.9GWh, a year-on-year increase of 44% and a month-on-month decrease of 10.8%.
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