According to CCTV, General Secretary Xi Jinping inspected the China Electric Technology Industrial Basic Research Institute in Shijiazhuang City, Hebei Province on the 12th. CETC Industrial Basic Research Institute has been engaged in semiconductor research since 1956, and has created more than 60 domestic firsts. It is the origin of China’s semiconductor, sensor and microsystem, and integrated circuit original technology.
According to the State-owned Assets Supervision and Administration Commission of the State Council, Zhang Yuzhuo, Secretary and Director of the State-owned Assets Supervision and Administration Commission of the State Council, visited central enterprises in Shanghai on the 13th to investigate and emphasize that state-owned central enterprises should strengthen their status as the main body of technological innovation, aim at the forefront of global industry competition, and increase cooperation with enterprises of various ownerships at home and abroad. Vigorously promote key core technology research, SASAC will guide and promote central enterprises to vigorously develop strategic emerging industries through policy measures such as optimization of assessment, investment and financing, selection of personnel, and model innovation.
Director of the National Development and Reform Commission: Accelerate the development of the digital economy and attach importance to the development of general artificial intelligence
Zheng Shanjie, director of the National Development and Reform Commission, issued a document stating that the forward-looking, pertinent, and synergistic nature of macro-control should be enhanced, and the advantages of ultra-large-scale markets should be fully utilized to effectively release the potential of domestic demand. Accelerate the development of the digital economy. Grasp the direction of digitalization, networkization, and intelligence, vigorously promote digital industrialization and industrial digitization, attach importance to the development of general artificial intelligence, and support platform companies in leading development, creating jobs, and showing their talents in international competition.
Liu Guozhong, Vice Premier of the State Council: Concentrate on tackling key problems in agricultural “stuck neck” technology
According to Xinhua News Agency, Liu Guozhong, a member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, recently visited Jiangsu for investigation. He emphasized that scientific and technological innovation is the key to promoting agricultural modernization. It is necessary to follow the laws of agricultural science and technology, focus on tackling key agricultural “stuck neck” technologies, implement in-depth actions to revitalize the seed industry, accelerate the construction of high-standard farmland, and make up for shortcomings.
OpenAI to roll out web browsing and plugin to all ChatGPT Plus users next week
According to the Financial Associated Press, OpenAI tweeted that it will roll out web browsing and plug-ins to all ChatGPTPlus users next week. From alpha to beta, they will allow ChatGPT to access the internet and use more than 70 third-party plugins.
British media revealed that the US and Europe plan to take joint action against China in areas such as export control
According to the World Wide Web, Reuters quoted a draft statement on the 13th as revealing that the United States and the European Union will commit to take joint action at a meeting this month to target China in multiple areas and coordinate their export controls on semiconductors and other commodities. .
Many banks suspend the sale of “smart notice deposit” products
According to reports, Ping An Bank, Dongying Bank and other banks have notified that they will suspend the sale of “smart notification deposit” products. At the same time, a number of banks also stated that they would lower the rate of return on financial products such as smart call deposits and agreement deposits. Industry insiders said that from the reduction of ordinary deposit interest rates to the “stopping” of notice deposits, the pressure on banks’ net interest margins will be relieved to a certain extent. Recently, the reporter learned that the adjustment of the self-discipline upper limit of agreement deposits and call deposits will be implemented from May 15. Among them, state-owned banks will implement the benchmark interest rate plus 10BP, and other financial institutions will implement the benchmark interest rate plus 20BP.
Cui Dongshu: From March to April, the passenger car market recovered slowly due to the influence of two factors. It is expected that the growth of the auto market in May will improve
Cui Dongshu, secretary-general of the Passenger Passenger Association, issued a document on the 13th that the Chinese auto market is facing a gradual improvement this year. The auto market in January-February was greatly affected by the Spring Festival factor and the withdrawal of subsidies; in March-April, driven by the low base last year, the overall year-on-year surge increased. The commercial vehicle market in China’s auto market recovered strongly, and the passenger car market was promoted. Due to the impact of the war and the implementation of China VI, the recovery is slow; the growth of the auto market in May will still be good.
2. Fixed income/foreign exchange
Expert: China’s central bank is expected to flexibly carry out MLF operations
According to the China Securities Journal, 12 billion yuan of reverse repurchase will expire this week, and at the same time, 100 billion yuan of MLF will expire. Experts said that it is more likely that the central bank will continue to make MLF in May with a small increase or the same amount in order to maintain a stable funding rate. In the future, tools such as open market operations will be flexibly used to release liquidity to ensure that the financing needs of the real economy are met.
The inflection point of bank wealth management has come!A single month surged by 1.2 trillion, and 12 wealth management companies collectively recorded net inflows
According to Securities China News Agency, the inflection point of the decline in the scale of bank wealth management has arrived. Since the “redemption wave” in November last year, the scale of the decline has lasted for nearly 6 months, and it has stopped falling and rebounded for the first time. The reporter obtained and summarized the wealth management companies of the six major state-owned banks, as well as 12 wealth management companies including China Merchants Bank, Industrial Bank, Everbright, Ping An, CNCB, and SPDB. , The scale of management rebounded by nearly 1.2 trillion yuan in a single month. On the other hand, household deposits decreased by 1.2 trillion yuan in April, almost as large as the recovery in wealth management.
3. Commodities/Stock Market
The comprehensive registration system welcomes the new product Kechuang 50ETF options to be listed
According to the “Securities Times”, the China Securities Regulatory Commission announced on the 12th that it would launch the listing of Kechuang 50ETF options. The Shanghai Stock Exchange also announced that under the guidance of the China Securities Regulatory Commission, it will earnestly prepare for the listing of Kechuang 50ETF options. As the first basic on-market financial risk management tool linked to the Science and Technology Innovation Board, the Science and Technology Innovation 50ETF option will empower and increase efficiency for the long-term stable development of the Science and Technology Innovation Board market. At the same time, Kechuang 50ETF options will be the first new stock options launched under the background of the comprehensive registration system, marking that China’s stock option market has entered a new era of registration system and entered the “fast track” development stage.
This year’s first central enterprise ETF closed fundraising Huatai Bairui Central Enterprise Dividend ETF subscription exceeded 2 billion
According to China Securities Network, this year’s first newly issued central enterprise ETF closed fundraising. Huatai-PineBridge announced that as of May 12, the total effective subscription of the central enterprise bonus ETF has exceeded 2 billion, and a proportional allocation has been triggered. In recent years, the theme fund with a Chinese prefix has attracted investors’ attention. The Huatai-Pineberry Dividend Low Wave ETF has grown 11 times since 2022, exceeding 1 billion yuan. In addition, on May 15th, three state-owned enterprises, GF, China Universal, and China Merchants, returned ETFs to take over the issue.
The results of the quarterly inspection of the Hang Seng Index are announced: 4 stocks are “stained in blue”, Tencent and Meituan have increased their weight
China Securities Network News, the Hang Seng Index announced on the 12th the results of the first quarter review of the Hang Seng Index series: JD Health, Ctrip Group-S, Zijin Mining and China Resources Power will be included in the Hang Seng Index; the number of constituent stocks of the Hang Seng Index has increased from 76 to 80. China Shenhua will be included in the Hang Seng China Enterprises Index, while Country Garden will be removed, and the 50 constituent stocks will remain unchanged. The constituents of the Hang Seng Technology Index remained unchanged. In the Hang Seng Index, the weights of Tencent Holdings and Meituan-W were raised to 8% and 5.84% respectively; the weights of HSBC Holdings and AIA were lowered to 8% and 7.62% respectively.
British media: EU and G7 plan to ban restart of Russian gas pipeline
According to CCTV, the British “Financial Times” reported on May 14, citing relevant officials, that the European Union and the Group of Seven countries plan to prohibit the restart of Russian gas pipelines that have previously suspended supply. The decision will be finalized at the Group of Seven summit in Hiroshima, Japan. According to the analysis of the report, this move is intended to continue to control Russia’s energy revenue, while ensuring that the countries involved in the sanctions will not change their minds in the future.
4. Company and Industry
New orders can only be delivered in December, Nvidia GPU continues to be out of stock and prices increase
According to Jiwei.com, an agent revealed that the price of Nvidia A100 began to rise in December last year. As of the first half of April this year, its cumulative price increase in five months reached 37.5%; the cumulative price increase of A800 reached 20.0% during the same period. At the same time, the delivery cycle of Nvidia GPU has also been lengthened. The delivery cycle was about one month before, but now it basically takes three months or longer. Even, some new orders “may not be delivered until December.”
Apple’s upcoming mixed reality glasses will break the mold
In the coming weeks, Apple is expected to unveil the most experimental and iconoclastic product in its history: a mixed-reality headset that looks like a pair of ski goggles and is equipped with batteries, according to people familiar with the matter, according to The Wall Street Journal. Apple’s launch schedule breaks many of its traditions and rules about new products that have become the industry’s gold standard. The headset will combine augmented reality and virtual reality, which the industry calls mixed reality.
The number of concert audiences exceeds 2019!May Day box office increased nearly 10 times year-on-year
According to the Financial Associated Press, the offline large-scale performance market has restarted, star concerts are intensively appearing, and venues are scheduled to expire. According to statistics, the box office revenue of commercial performances nationwide during the May Day period was 1.519 billion yuan, a year-on-year increase of 962.2%, an increase of 18.4% over the same period in 2019; The reporter learned from various interviews that the popularity of the offline performance market has driven the growth of cultural and tourism consumption such as hotel accommodation and catering, as well as the demand for performing arts equipment.
Ministry of Housing and Urban-Rural Development: Fully launch the lifeline safety project of urban infrastructure this year
According to CCTV news, the Ministry of Housing and Urban-Rural Development stated on the 12th that this year, on the basis of further promoting pilot projects and summarizing and promoting replicable experience, the work of urban infrastructure lifeline safety projects will be fully launched. The lifeline safety project of urban infrastructure is an important part of urban renewal and new urban infrastructure construction. It aims to detect and control early risks and hidden dangers in areas such as urban gas, bridges, water supply, drainage and flood prevention through digital means.
Beijing: Actively serve and support the transfer of the headquarters of the second batch of central enterprises in Beijing to the Xiongan New Area, which has initiated the evacuation process
According to the “Beijing Daily”, the meeting of the Standing Committee of the Beijing Municipal Party Committee on the 13th emphasized that efforts should be made to focus on the release of landmark projects, and actively serve and support the second batch of central enterprise headquarters and second- and third-tier subsidiaries or innovative business sectors in Beijing that started the release. Xiong’an New District transfer. In-depth implementation of the new round of action plan for the control and regulation of the core area, and steadily promote the functional reorganization of the core area. Accelerate the relocation of the second batch of Beijing-owned administrative enterprises and institutions into the sub-center of the city, and the space vacated is mainly used to strengthen the service guarantee for the core functions of the capital.
(This article is from Dow Jones Chinese Financial News)