1. Call the leaders of the two sides in the high-level Sino-US economic and trade consultation
According to CCTV news, on the morning of September 5th, Liu He, member of the Political Bureau of the Communist Party of China (CPC) Central Committee, Vice Premier the State Council and Chinese leader of the China-US comprehensive economic dialogue, had a telephone conversation with US Trade Representative Wright Heze and Finance Minister Mnuchin at the request. The two sides agreed to hold the 13th China-US high-level economic and trade consultation in Washington in early October. Before that, the two sides will maintain close communication, and the working level will hold serious consultations in mid-September to make full preparations for substantive progress in the high-level consultation. The two sides agreed that they should work together and take practical actions to create favorable conditions for consultations. Zhong Shan, Minister of Commerce, Yi Gang, Governor of China People’s Bank, and Ning Jizhe, Deputy Director of the National Development and Reform Commission, attended the call.
2. Press conference of the Ministry of Commerce:
The 13th round of China-US high-level economic and trade consultations will strive to make substantial progress. According to CCTV news, at the regular press conference held by the Ministry of Commerce on September 5, the spokesman Gao Feng said that the economic and trade teams of China and the United States have maintained effective communication. On the morning of the 5 th, the leaders of the two sides had a good conversation and made clear the time schedule for the next consultation. Both sides agreed that they should work together and take practical actions to create good conditions for the consultation. Gao Feng said: The working level of China and the United States will hold serious consultations in mid-September, and will discuss the specific arrangements for the thirteenth round of high-level Sino-US economic and trade consultations. On the basis of full preparations by the working levels of both sides, the thirteenth round of high-level Sino-US economic and trade consultations held in early October will strive to make substantial progress. Regarding the specific details of the consultation, if there is further information, it will be released in time.
At present, China has no consideration of withdrawing its lawsuit in the WTO. According to the People’s Daily, on September 1, the first batch of US$ 300 billion products exported to China were formally implemented, and China filed a lawsuit under the WTO dispute settlement mechanism on September 2. Gao Feng said that China has no consideration of withdrawing the lawsuit at present. He emphasized that the US taxation measures seriously violate the free trade rules and the multilateral trading system, and lodging a complaint against the US in the WTO is not only for China to safeguard its legitimate rights and interests, but also for China to defend the multilateral trading system.
China is making solemn representations with the United States on lifting tariffs on 550 billion US dollars of China goods. According to the Securities Times, Gao Feng said that China’s countermeasures against the US tariff increase measures are adequate, but in the current situation, we think the issue that should be discussed is to cancel the further tariff increase on US$ 550 billion of China goods to prevent the trade war from escalating. China is making solemn representations with the US on this issue. As China has repeatedly stressed, the escalation of the trade war is not conducive to China, the United States and the interests of people all over the world, and may even bring disastrous consequences to the world.
Researchers at the University of Exeter in the United Kingdom conducted a study, saying that bananas will disappear completely by 2050 due to global warming. At present, banana production in ten countries is decreasing every year, and there may be a serious shortage of bananas in India and Brazil in the future.
1 Lei Jun talks about a new bet with Dong Mingzhu: I was ignorant and fearless then, but now I have more confidence. According to Zhongxin. com, on August 28th, Dong Mingzhu, Chairman of Gree Electric (000651), and Lei Jun, Chairman of Xiaomi, delivered speeches successively. At the end of his speech, Dong Mingzhu said, five years ago, I bet 1 billion yuan with Lei Jun, but others always cared about giving you 1 billion yuan. I said I don’t want it. At that time, I just understood a cognition, and I hope to gamble with Lei Jun in the next five years. Recently, Lei Jun said in an interview: "I was ignorant and fearless in those days, but now I have more confidence in betting." Lei Jun also said: "At that time, we had no manufacturing experience to make mobile phones. We were ignorant and fearless. We bet with Sister Dong, and we were even more ignorant and fearless. Therefore, Sister Dong said that we should not fight with me for another five years, but I am still willing to continue to try."
2 Li Ka-shing’s second son, Li Zekai, voiced: Stick to one country, two systems. CCTV News reported on the 5th that Li Zekai, chairman of PCG and the second son of Li Ka-shing, published statements in several newspapers, calling for adhering to "one country, two systems", stopping violence and maintaining order. In particular, he stated that he supported the dialogue between the governance team of the SAR Government and people from all walks of life and young people.
3 Lei Chaozi, Director of the Science and Technology Department of the Ministry of Education: The promotion of face recognition technology on campus should be cautious, and it will be restricted and managed. The Paper reported on the 5th that Lei Chaozi pointed out that face recognition on campus has both data security and personal privacy issues, and the Ministry of Education has begun to pay attention to this matter and organize experts to demonstrate and study it. Personal information containing students should be very cautious, and it should not be collected if it is not collected. Collect less if you can, especially if it involves personal biological information.
1. Liu He: Guide financial institutions to increase medium and long-term financing for manufacturing and private enterprises. On September 5th, the State Council Financial Stability and Development Committee held a national video conference on financial situation briefing and work experience exchange. Liu He, Vice Premier of the State Council and Director of Finance Committee, attended the meeting and delivered a speech. Liu He emphasized that financial management departments should strengthen their supervisory responsibilities, intensify countercyclical adjustment, make great efforts to dredge the transmission mechanism of monetary policy, strengthen the coordination between financial and fiscal policies, and support regions and fields that are willing to start businesses and have good development potential to accelerate development; Support banks to make more use of innovative capital instruments to replenish capital, and guide financial institutions to increase medium and long-term financing for manufacturing and private enterprises; Resolutely resolve local and structural stock risks; Accelerate the filling of shortcomings in the regulatory system and substantially increase the cost of violations of laws and regulations; Deepen financial reform and opening up, provide dynamic support for the development of the real economy, implement various opening measures, promote reform and innovation through opening up, and promote high-quality development.
2. Ministry of Natural Resources: There is no need to go through the examination and approval procedures for construction land for pig breeding. The People’s Daily reported on the 5th that the General Office of the Ministry of Natural Resources issued a notice on the 4th, proposing that the pig breeding land should be managed as a facility agricultural land without going through the formalities of examination and approval for construction land. Under the premise of not occupying permanent basic farmland, reasonably arrange the space of pig breeding land, allow the pig breeding land to use general cultivated land, and do not need to balance the occupation and compensation of cultivated land for breeding purposes.
3. Eight ministries and commissions: The unified educational APP shall not charge students and parents, and shall not be implanted with advertisements and games. Eight ministries and commissions, including the Ministry of Education, jointly issued a document on the 5th, demanding that the unified educational APP should not charge students and parents any fees, implant commercial advertisements and games. The recommended educational mobile application shall follow the principle of voluntariness, and shall not be bound to teaching management behavior, and shall not be linked to credits, grades and evaluation.
4. Ministry of Foreign Affairs: Urge the Canadian side to release Meng Wanzhou immediately. According to CCTV news, at the regular press conference of the Ministry of Foreign Affairs on the 5th, when answering a reporter’s question about China-Canada relations, Geng Shuang said that China-Canada relations are facing serious difficulties and the responsibility lies entirely with Canada. China hopes that Canada will take measures as soon as possible to push China-Canada relations back to the right track at an early date. Geng Shuang said: China has agreed to the appointment of a new Canadian ambassador to China to take up his new post in China, and we expect him to play an active role in pushing China-Canada relations back to the right track. At present, China-Canada relations have encountered serious difficulties, and the responsibility lies entirely with Canada. Canada is well aware of the crux of the current relations between the two countries. We urge Canada to reflect on its mistakes, take China’s solemn position and concerns seriously, and immediately release Ms. Meng Wanzhou to return home safely.
5. the State Council: seven high-tech zones, including Nanchang, were agreed to build national independent innovation demonstration zones. On the 5th, the Chinese government website reported that the State Council issued an official reply on agreeing that Nanchang, Xinyu, Jingdezhen, yingtan, Fuzhou, Ji ‘an and Ganzhou High-tech Industrial Development Zones should build national independent innovation demonstration zones, and agreed that Nanchang, Xinyu, Jingdezhen, yingtan, Fuzhou, Ji ‘an and Ganzhou High-tech Industrial Development Zones should enjoy relevant policies of national independent innovation demonstration zones.
6. Ministry of Industry and Information Technology: The rare earth industry will implement a new resource tax rate according to law. The website of the Ministry of Industry and Information Technology reported on September 5 that on August 26, 2019, the 12th meeting of the 13th the NPC Standing Committee passed the People’s Republic of China (PRC) Resource Tax Law, which will take effect on September 1, 2020. According to the new law, the mineral processing tax rate of light rare earth is 7% ~ 12%, and that of medium and heavy rare earth is 20%.
7. Three departments: comprehensively do a good job in vocational education for retired soldiers. According to Xinhua News Agency, it was learned from the Ministry of Education on September 5 that the Ministry of Education, the Ministry of Veterans Affairs and the Ministry of Finance recently issued a notice on comprehensively doing a good job in vocational education for retired soldiers, so as to improve their employment and entrepreneurial ability and promote their full and stable employment. The notice is clear, and retired soldiers who meet the requirements for the college entrance examination are encouraged to apply for higher vocational colleges. The notice also suggested that retired soldiers who apply for secondary vocational schools can be exempted from the test.
8 Qiaojia landslide in Yunnan: 9 people who lost contact were killed and disaster relief was carried out in an orderly manner. The press office of Qiaojia County People’s Government in Zhaotong City, Yunnan Province reported on the afternoon of the 5th that nine people who lost contact in the natural disaster of Mudiqing landslide in Ma ‘an Village, xiaohe town, Yunnan Province confirmed that they were all killed. At about 4: 40am on September 5th, affected by heavy rainfall, a natural landslide occurred in Mudiqing villagers’ group in Ma ‘an Village, xiaohe town, Qiaojia County, resulting in the loss of 9 people from 2 households. As of 18: 12 on September 5, the remains of nine people who lost contact were all found.
9. Focus on Hong Kong:
Hong Kong Police: So far, 1,187 people have been arrested, and one more person has been arrested for attacking Fu Guohao. According to the Global Times, on the afternoon of September 5, the police said at a press conference that in the case of the attack on the mainland reporter Fu Guohao at the Hong Kong airport on August 13, in addition to the three people arrested before, a 28-year-old man was arrested, suspected of illegal imprisonment and other charges.
Yuen Long District Council: Take the lead in passing the bill to stop violence and prevent chaos among the 18 district councils in Hong Kong. According to the World Wide Web, Hong Kong’s Wen Wei Po reported on the 5th that the Yuen Long District Council of Hong Kong passed a motion to support the suppression of violence and chaos on the 3rd, becoming the first district council in 18 districts of Hong Kong to pass a motion to stop violence and chaos. The motion supports the police to stop violence and chaos according to law, and at the same time demands the SAR Government to take effective measures to quell the unrest. Yuen Long District Councillors said that the primary issue of the motion was to stop violence and chaos, which directly responded to the public’s greatest concern.
10. Anti-corruption:
Zheng Ruoxing, former deputy secretary and director of the Education Bureau of Hedong District, Tianjin, was dismissed in May 2019 for accepting banquets in violation of regulations.
A few days ago, with the approval of the Ningxiang Municipal Committee of Hunan Province, the Supervision Committee of the Ningxiang Municipal Commission for Discipline Inspection conducted a case review and investigation on Hu Yonghong, a member of the former party group of the Ningxiang Municipal People’s Court and director of the Executive Board.
Zhang Guoquan, deputy researcher of Hefei Public Security Bureau, is suspected of serious violation of discipline and law, and is currently undergoing disciplinary review and supervision investigation.
Many ministries and commissions have taken measures to protect the land for pig breeding: general cultivated land is allowed to be used, and the prohibition of raising beyond laws and regulations and over-designated prohibition areas are cancelled.
Domestic pork supply is tight, why not import a lot now? The reason is actually very simple.
Misuse of dollar settlement, China developers’ income has increased by 7 times! Apple: Please return it.
The moon cake is still hot, just pour it into the trash can! "Box Horse after 9: 30 p.m." caused a row among netizens.
The revenue of the world’s top investment banks fell to the lowest level in 13 years in the first half of the year, and nearly 30 thousand people have been laid off since April.
In the first half of the year, tax reduction and fee reduction amounted to 1.17 trillion yuan. There is pressure on local governments to complete their revenue and expenditure budgets. Can they make adjustments halfway?
1. HKEx: Problems with the trading system software provided by suppliers affect the derivatives market. On the afternoon of the 5th, HKEx announced that due to the long-term connection problems in the electronic trading system, the derivatives market trading was suspended at 2 pm that day, and the trading hours were also suspended after the market closed.
Later, HKEx confirmed that the derivatives market was affected by problems with the trading system software provided by suppliers. Late at night on the 5th, the Hong Kong Stock Exchange announced that after detailed investigation and testing with relevant system suppliers, it decided to resume trading in the derivatives market on September 6th, 2019.
2. Foreign exchange bureau: approved the pilot qualification of foreign exchange settlement and sale business of three securities companies, including CITIC Securities (600030). According to the website of the foreign exchange bureau on the 5th, a few days ago, the State Administration of Foreign Exchange approved three securities companies, including CITIC Securities Co., Ltd., Huatai Securities Co., Ltd. and China Merchants Securities Co., Ltd., to be qualified for the pilot business of settlement and sale of foreign exchange, allowing them to carry out spot settlement and sale of foreign exchange for themselves and their clients under the premise of controllable risks, and participate in inter-bank foreign exchange market transactions as required.
3. A new batch of domestic game version numbers are issued: Tencent is on the list. On September 5, the official of the former State Administration of Press, Publication, Radio, Film and Television showed that the list of new batch of game version numbers was updated, and 41 games were approved. The approval time was September 5. Among them, Tencent’s "The Last Part of Wayne" and Youzu Network’s "Mountain and Sea Mirror Flower" won the edition number.
4. The company takes the blacklist of malicious acts: permanently stop the service for malicious users. According to Zhongxin. com, Didi announced on the 5th that it will regularly publicize malicious users, including passengers with false complaints, drivers with false complaints and induced cancellations. The malicious users publicized in this issue include 36 passengers and 27 drivers. Lai Chunbo, vice president of Didi’s car platform company, said that Didi will stop service for 3-30 days according to the seriousness of the case, and will also conduct communication education later, while for a few serious malicious users, it will be permanently stopped.
5 丨 Take the lead in "testing the water" LPR mortgage interest rate new policy: China Merchants Bank Shenzhen first suite new interest rate rose by 0.005%. According to the interface news, the new mortgage policy began to land. Since September 5th, the interest rates of some mortgage businesses in Shenzhen of China Merchants Bank have been linked to LPR (loan prime rate). It is understood that the current interest rate of the first suite of China Merchants Bank in Shenzhen is 5.15%, and the interest rate of the second suite is 5.45%, which is 0.005% and 0.06% higher than the original interest rate respectively.
6. Storm Group: Shenzhen Stock Exchange may suspend the listing of the company’s shares. On June 30, 2019, the net assets attributable to the owners of the parent company in the consolidated financial statements of the company were-239,398,200 yuan, and the company had the risk that the net assets attributable to the shareholders of the listed company at the end of 2019 were negative after the audit. According to relevant regulations, if the company’s audited financial accounting report for 2019 shows that the net assets at the end of 2019 are negative, the Shenzhen Stock Exchange may suspend the listing of the company’s shares.
7 丨 Developer: Apple is asking for 7 times the settlement money that was sent by mistake. On September 4th, Apple mistook the US dollar for RMB to pay 7 times the settlement amount. Some App Store developers said that they received a reply from Apple on the 5th: Deutsche Bank made a mistake, requesting the developer to approve the application for remittance refund, and another correct amount will be remitted. The Paper reporter learned from an insider of Apple that after the Oolong incident came out, Apple sent an email to the developer to explain, hoping that the developer would cooperate with Apple to complete the remittance refund as soon as possible.
8. Thoroughly understand the real estate trust and channel business in Shanghai: ensure that the scale of the two businesses continues to decline at the end of the third and fourth quarters. According to China Securities Network, recently, the Shanghai Banking Insurance Regulatory Bureau issued a notice to the trust companies within its jurisdiction, requiring the trust companies within its jurisdiction to report the new business planning, stock business expiration and overall scale changes of the company’s real estate trust business and channel business from September; Do a good job in real estate and channel business quota management.
9. American "Artificial Meat" Company: Hope to enter the China market next year. According to 21st century business herald, on the afternoon of September 4th, the executives of Impossible Foods, a representative company of artificial meat in the United States, revealed in a forum in Yunnan Province that they hoped to enter the mainland market in China next year, but they had to get the approval from the regulators, and hoped that China partners could help them (do due diligence) to get the approval from the regulators to enter the mainland market.
10. Huge Group (601258): Delisting risk warning will be implemented when the court decides to accept the restructured shares. Huge Group announced that due to the court’s ruling to accept the reorganization, the company’s stock will be given a delisting risk warning on September 9, and the stock abbreviation will be changed to "*ST Huge". The company’s shares will be suspended for one day from the opening of the market on September 6 and resumed trading on September 9.
On September 5th, northbound capital inflow was nearly 9.2 billion yuan, with net purchases of China Ping An (601318) of 874 million yuan, China Merchants Bank (600036) of 660 million yuan, Industrial Bank (601166) and Ping An Bank (000001) of 365 million yuan and 217 million yuan respectively. In addition, Kweichow Moutai (600519) and Yili (600887) also received a net purchase of more than 200 million yuan. Previously, CONCH (600585), which was favored by funds, was slightly sold for 89 million yuan, while Gree Electric and Goer shares were all sold for a small amount.
1. Five-hundred-meter Aperture Spherical Radio Telescope (FAST): The mysterious radio signal in the depths of the universe was detected for the first time. According to People’s Daily, on the 4th, FAST(500-meter spherical radio telescope), known as the "Five-hundred-meter Aperture Spherical Radio Telescope (FAST)", detected the repeated burst of fast radio bursts for the first time, capturing the largest number of pulses known in the world. Scientists say that this "mysterious radio signal in the depths of the universe" is about 3 billion light years away from the earth. At present, interference factors such as airplanes and satellites have been ruled out, and subsequent cross-validation is underway.
2. Artificial intelligence: It only takes 46 days to discover potential new drugs. According to Science and Technology Daily, Insrik Medical Company used its artificial intelligence (AI) system to conceive and design a new drug molecular structure, and then synthesized and successfully tested a major drug candidate in mice. The AI system takes only 21 days to design molecules, while the total time for design, synthesis and verification is about 46 days. The study was published in this week’s Nature Biotechnology.
American Medical Journal: Two soft drinks a day, the risk of premature death is higher. According to The Paper, Journal of American Medical Association? The journal Internal Medicine recently published a paper, and its research results show that no matter whether soft drinks contain sugar or artificial sweeteners, as long as you drink two soft drinks a day, the risk of premature death is higher. Soft drinks refer to natural or artificially blended drinks with alcohol content below 0.5%, which include carbonated drinks, fruit juice and other drinks.
1. TEDA shares (000652): On September 6th, Shenzhen Stock Exchange issued a supervision letter to TEDA shares (000652) and some directors of Jiangao, because two holding subsidiaries of TEDA shares failed to fulfill the review procedures and disclosure obligations of providing financial assistance to the outside world when making two interest-free and interest-bearing loans and lending a project fund. The above behavior violates the relevant regulations.
2 Tianqi shares (002009): On September 6, Tianqi shares (002009) and some Dong Jiangao received the supervision letter issued by Shenzhen Stock Exchange. Because the 2014 annual report of the listed company did not truthfully disclose the fact that the actual controller Huang Weixing controlled 16 million shares of the listed company through Tianhong Fund, there were major omissions. The above behavior violates the relevant regulations.
3. Shellett (002076): On September 6, Shellett (002076) and some directors, senior management and shareholders received the supervision letter issued by Shenzhen Stock Exchange. Because listed companies and wholly-owned subsidiaries of listed companies have carried out four illegal guarantees without fulfilling the review procedures and information disclosure obligations or failing to fulfill the review procedures and information disclosure obligations in time. The above behavior violates the relevant regulations.
1. Machinery manufacturing industry: It is estimated that the sales volume of heavy trucks is expected to reach 1.07 million in 2019; The competition pattern in the industry has improved, and the performance stability of leading companies has improved significantly, especially those with high-power engine business; The cooperation between Sinotruk and Weichai is expected to further optimize the industry structure and boost the industry valuation. Continue to recommend Weichai Power (000338)(000338), whose market share continues to increase.
CITICS
2. Petrochemical industry: It is extremely unlikely that China’s chemical fiber industrial chain will be structurally transferred to Southeast Asia under the influence of trade friction. The concentration of polyester chemical fiber leader in China is increasing in all aspects of the industrial chain. From the perspective of industrial chain integrity, it has high competition barriers and belongs to a typical scarce core asset close to essential consumer goods. It is suggested to pay attention to the chemical fiber leading enterprises with integrated industrial chain and rapidly increasing concentration: Hengli Petrochemical (600346), Hengyi Petrochemical (000703)(000703) and Rong Sheng Petrochemical (002493)(002493).
Guojin Securities (600109)
1. United States: Small non-agricultural data exceeded expectations, and the three major US stock indexes closed up more than 1%. The number of ADP employees in the United States in August was 195,000, which is expected to be 149,000, and the previous value was 156,000. In August, the ISM non-manufacturing PMI was 56.4, expected to be 54, and the previous value was 53.7. As of the close of US stocks on Thursday, the S&P 500 index closed up 1.30%, the Nasdaq index rose 1.75% and the Dow Jones index rose 1.41%. Comex December gold futures closed down 2.2% to $1,525.50 per ounce, the biggest one-day drop since June 15, 2018. US crude oil futures closed slightly higher, with WTI crude oil futures rising by 0.07% in October and Brent crude oil futures rising by 0.41% in November.
2. Canadian government: Dominic Barton was selected as the new ambassador to China. According to CCTV news, Canadian Prime Minister Trudeau selected his economic adviser DominicBarton as the new ambassador to China on September 4, local time. The appointment also needs to be approved by the government of China. Canada’s ambassador to China has been vacant since Canada removed JohnMcCallum, then ambassador to China, in January this year.
San Francisco declared that the American Rifle Association was a "domestic terrorist organization". According to China News Service, on September 3, the San Francisco City Council passed a resolution declaring the National Rifle Association (NRA) a "domestic terrorist organization". NRA is the main opponent of the American gun control movement, and nine presidents were or are still members of the association. The NRA responded that the resolution was a reckless attack, but they would not retreat.
4. Italy: The new government was sworn in. According to CCTV news, at 10 am local time on the 5th, Italian Prime Minister Conte and his new government minister were sworn in at the Quirinal Palace, the Italian presidential palace, marking the end of the political crisis that lasted for nearly a month. Among the 21 ministers, 10 are members of the Five-Star Movement, 9 are members of the Democratic Party, 1 is a member of the center-left "Freedom and Equality" party, and the only female non-partisan technical official is appointed Minister of the Interior.
5. Sealed documents are not made public, Epstein case: or hundreds of business and political figures are involved. According to the report of the American Overseas Chinese News Network quoted by Zhongxin. com, the accomplice of the late American financial tycoon Epstein-his girlfriend Hilaine? Maxwell said at the hearing on the 4th that the undisclosed court documents of Epstein’s case of trafficking and sexual abuse of underage girls may implicate "hundreds of people". Maxwell’s lawyers and plaintiffs’ lawyers, U.S. Attorney Loretta? Prisca has not yet made a statement on how to disclose these documents.
A Mi -8 helicopter of the Russian army crashed in Saratov state. CCTV News quoted RIA Novosti as saying that on September 5, a Russian Mi -8 helicopter crashed in Saratov. As of press time, the casualties are unknown. According to saratov 24, the crashed plane belongs to an air base of Russian army in Saratov state. The helicopter caught fire shortly after taking off on the 5th, and then crashed near the air base. Saratov Radio 24 said rescuers had rescued several people from the cabin.
7. A Japanese train collided with a truck: several carriages overturned and at least 30 people were injured. The Beijing News reported on September 5 that an 8-car train collided with a truck in Yokohama, Japan, injuring at least 30 people, and the front of the train and several cars derailed and overturned.
8 Michigan: Banning the sale of scented e-cigarettes, becoming the first case in the United States. According to CCTV news, on September 4, local time, Michigan announced that it would ban the sale of scented e-cigarettes, becoming the first state in the United States to ban the sale of scented e-cigarettes.
Reporter | Chen Qing
Editor | Zhang Wei Hu Ling Zheng Zhi Du Bo Xiao Yong
This article first appeared on WeChat WeChat official account: national business daily (blog, Weibo). The content of the article belongs to the author’s personal opinion and does not represent Hexun.com’s position. Investors should operate accordingly, at their own risk.
(Editor: Zhang Yang HN080)
