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How to write a great article on digital finance? Experts at Shanghai Lujiazui Financial Forum discuss the balance between financial innovation and regulation.
When facing the balance between digital financial innovation and regulation, the industry believes that the relationship between balancing finance, innovation and regulation under the digital financial framework is a dynamic process. Based on the strategic height of building a financial power at the Central Financial Work Conference, financial institutions are required to make great efforts in digital finance. How to implement it specifically?
Northbound funds' large buy report: Midea Group Co., Ltd received a net sell of CNY 411 million.
On June 20th, northbound funds had a net sell of 3.27 billion yuan for the whole day, marking the eighth consecutive trading day with a net sell.
The leadership change of Xingye Reits has been settled, and Zheng Zhiming has been appointed as the director. Seven trust companies have changed their leadership this year.
① On the afternoon of June 19, the official website of the State Financial Supervisory Administration revealed that Zheng Zhiming approved the qualifications of director and chairman of Xingye International Trust Co., Ltd. ② Seven trust companies have changed hands during the year, including leading institutions such as CITIC and Ping An. ③ In a previous article on Societe Generale Trust's official Weibo account, Zheng Zhiming spoke in his capacity as Party Secretary and focused on the disposal of poor stocks, calling for priority tasks to resolve defects, return to the main business, and transform and develop.
The situation for going abroad is more optimistic compared to the same period last year. Wuxi Autowell Technology Co., Ltd. expects a 58.84% increase to 76.80% in the first half of the year.
It is calculated that the net income of Wuxi Autowell Technology Co., Ltd. in the second quarter of 2024 is expected to be between 359 million yuan and 439 million yuan, surpassing the net income of 333 million yuan in the first quarter of 2024, and the net income of 301 million yuan in the second quarter of 2023. The company stated that in recent years, it has accelerated its expansion into overseas markets, and the outlook for the overseas market is better than the same period last year. In 2023, the overseas revenue of Autowell Technology Co., Ltd. reached 997.8 million yuan, accounting for 15.83% of the total revenue.
Huawei will launch a new product, CarRoute Cloud, in the second half of the year. The industry may enter a explosive growth stage from 1 to N.
Ma Jindou, the president of Huawei's wireless network product line in the field of vehicle networking, stated at the CICV 2024 Technology Week International Conference on the 19th that Huawei will launch new products in the second half of this year to solve the short board in vehicle-to-cloud, road-side and perception. Li Muhua of GTJA Securities believes that the V2X industry has entered an explosive growth stage from 1 to N, and is bullish on companies that lay out V2X.
"A certain car company is using black PR!" BYD offered a reward of up to 5 million yuan for clues! Within 20 days, 4 car companies were rumored and involved in public opinion?
BYD Company Limited offers a reward of 200,000 to 5,000,000 for collecting information about black PR.
On the day the joint venture started construction, it reached a comprehensive cooperation with BAIC, and the commercial expansion path of Contemporary Amperex Technology became more clear.
On June 19th, both BAIC Group and Contemporary Amperex Technology announced that they signed a strategic cooperation agreement on June 18th to further deepen their cooperation in the new energy industry and jointly improve their core competitiveness. At the same day, the groundbreaking ceremony of the Beijing Times Battery Base Project, jointly invested and constructed by Contemporary Amperex Technology, BAIC Group, Jingneng Group, Xiaomi Group, was held.
Another trillion yuan asset management company has changed its management team! The vice president of PICC Assets will serve as the temporary person in charge, and may increase the allocation of undervalued and high-dividend stocks in the future.
①Vice President Huang Ming has been appointed as the temporary head of PICC assets; ②The yield of the 10-year national bond may fluctuate within a range of 25% BP above or below the medium-term lending facility interest rate; ③Pay special attention to ABS, private equity REITs and similar REITs products, and use them as complementary strategies.
Exploring Fat Donglai's “overhaul” Yonghui's first store: when there are many people, the flow limit is limited at noon. Can Yonghui Supermarket use “fat hands” to revive the spring season?
① After the restructured store opened, customer traffic surged, and there were a large number of products from Fat Donglai and Yonghui; ② Fat Donglai and Yonghui's supply chain will gradually begin to cooperate, but it will not be fully integrated; ③ Single store profits are expected, but it is not yet known whether it will be replicated across the country.
Mid-year review | Hong Kong stock's top ten bull stocks are released! "High dividends + middle cap estimation" is unbeatable, Cosco Shipping Holdings has soared by more than 83% this year, while CNOOC has risen by nearly 74%.
Although the performance of Hong Kong stock market is mediocre, some sectors and individual stocks still have remarkable performance, especially the concepts of high dividend yield and fair valued assets, which have emerged as independent trends in the weak market. In addition, some consumer stocks, electric power stocks, and shipping stocks have also performed well.
Li Yunze talks about developing insurance funds in the latest Lujiazui Forum. Experts interpret that insurance funds should leverage the advantage of "patient capital".
1. Insurance assets only account for 7% of the total financial assets in China, while the international average is around 20%; 2. The number of people covered by major illness insurance in China has reached 1.2 billion, and the retirement reserve accumulated by the insurance industry is over 6 trillion yuan; 3. In terms of compensation for losses in major disaster accidents, the proportion borne by the insurance industry in China is only 10%, while the global average is as high as about 40%.
What signal does the central bank governor release on interest rate reform at the Lujiazui Forum? Experts suggest to downplay the MLF policy rate color and improve the quality of LPR quotes.
1. People's Bank of China Governor Pan Gongsheng has sent a signal to further improve the market-based interest rate regulation mechanism; 2. Previously, the MLF rate, which was used as the medium-term policy rate, often deviated from the trend of market rates with the same period, causing market confusion. In the future, the policy color of the MLF rate should be gradually weakened; 3. The direction of future LPR reform should be to generate a quote that both borrowers and lenders feel is fair, and use it as a pricing reference for loans.
Pan Gongsheng talked about government bond trading in Shanghai Lujiazui Finance & Trade Zone Development. Experts say that the central bank once again warned of risks in the bond market and guided expectations for new mechanisms.
The recent speech from the People's Bank of China at Shanghai Lujiazui Finance & Trade Zone Development further clarifies that the PBOC's buying and selling of national bonds does not represent quantitative easing, while also warning of risks in the bond market and expressing high concerns over long-term bond yields. The PBOC has previously indicated the potential risks of long-term government bond rates, reflecting a new mechanism for guiding expectations. In recent years, disruptions in market expectations caused by 'small essays' have been pointed out by industry experts, highlighting the importance of guiding expectations in improving the framework of monetary policy.
Mid-day overview: All three major indexes rose by over 1%, with network technology stocks, autos, and mainland China banking stocks up. Bilibili rose over 10%.
Network technology stocks rose, SenseTime rose more than 7%, Xiaomi Group rose more than 3%, Netease, Tencent, Alibaba, and jd.com all rose more than 1%.
Continuous news of ultra high pressure bidding. Institutions say that this investment peak is expected to last for more than 5 years.
Recently, there have been constant news about ultra high voltage tenders. Against the background of the construction of a new power system, the construction of ultra high voltage is expected to continue to advance. Galaxy Securities' research report pointed out that the previous peak investment in ultra high voltage generally lasted for about 2 years, but this round of peak is optimistically estimated to exceed 5 years. It is expected that there will be about 27-32 new direct current transmission channels for external transmission during the "14th Five-Year Plan" and "15th Five-Year Plan" period, with a stock of 4 lines, 5 under construction, and a gap of 18-23 lines.
Isolation Membrane Leader Expands Production Overseas: Yunnan Energy New Material Plans to Invest 447 Million Euros in Hungary Phase II | Quick Announcement
Yunnan Energy New Material plans to invest 447 million euros in Hungary to build a second phase of isolation film production line and supporting factory, with a total capacity of about 800 million square meters per year. According to the research of Gao Gong Lithium Industry, overseas isolation membrane prices remain more than twice that of domestic prices, with gross margins reaching 60%-70%.
In the first half of the year, the A-share memory leader, Biwin Storage, saw a sharp increase in revenue of at least 169.97%, and net income significantly reversed from losses.
Baivei Storage announced that it is expected to achieve revenue of CNY 3.1 billion to CNY 3.7 billion in the first half of 2024, which is almost the same as the annual revenue of last year, with a year-on-year growth of 169.97% to 222.22%; Baivei Storage also indicated that the change in performance in the first half of the year was mainly due to industry recovery, and the company achieved breakthroughs in market and business growth.
As gold prices hover at high levels, more central banks are planning to "sweep up" gold!
According to an annual survey by the World Gold Council (WGC), more central banks in developed economies plan to increase their gold holdings; In addition, more central banks in developed economies expect the share of gold in global reserves to rise in the next five years, while the share of the US dollar in global foreign exchange reserves will decline; The WGC's global central bank head said that this year, central banks around the world have shown a stronger convergence in their views on gold.
The AI wave is driving a boom in consumer electronics, and this subdivision of semiconductors is quietly strengthening.
Track the entire lifecycle of the main sector.
Hubei Yihua Chemical Industry has partnered with Do-Fluoride New Materials to build a Central China Fluorosilicon Industry Park, seizing the fluorine chemical market. | Speed reading announcement
1. Yihua Chemical Industry in Hubei announced that the company has signed a framework cooperation agreement with the Management Committee of Yichang High-tech Zone and Do-Fluoride New Materials. 2. In fact, Yihua Chemical Industry in Hubei has long aimed to use fluorine resources associated with phosphorus ore. Since this year, its wholly-owned subsidiary has conducted the first public announcement of the environmental impact assessment for a total of 1.4 billion yuan in fluorine chemical projects.