Event attention
[All 31 provinces’ pensions have been raised]According to news from Chinanews.com, on April 16, the Ministry of Human Resources and Social Security and the Ministry of Finance issued a notice on the adjustment of basic pensions for retirees in 2021, which kicked off the rise of pensions. According to the notice, the national overall adjustment ratio is determined at 4.5% of the monthly basic pension per capita for retirees in 2020. Each province uses the national overall adjustment ratio as the upper limit to determine the province’s adjustment ratio and level. This is the “17 consecutive rises” of pensions. Since then, Shanghai was the first to announce the pension adjustment plan on May 12, and various localities have successively announced the pension plan. By June 28, Sichuan announced the pension adjustment plan, and the pension increase in 31 provinces had all landed.
[China Manufacturing Purchasing Managers Index (PMI) was 50.9% in June]According to the website of the National Bureau of Statistics, in June, China’s Manufacturing Purchasing Managers Index (PMI) was 50.9%, a slight decrease of 0.1 percentage point from the previous month, and continued to be above the threshold. The manufacturing industry continued to expand steadily.
[Theadjustmentofthemedicalinsurancecataloguein2021isabouttoenterthedeclarationstage，A batch of domestically produced innovative drugs is expected to enter medical insurance negotiations]According to the Economic Information Daily, as the deadline for the approval of drugs that can be reviewed on June 30 arrives, the adjustment of the National Medical Insurance Drug List in 2021 is about to enter the application stage. According to incomplete statistics, there are about 40 innovative drugs or new indications approved from August 18, 2020 to June 30, 2021, which means that a batch of domestic innovative drugs is expected to enter medical insurance negotiations. The market is highly concerned about the opportunities brought by the inclusion of innovative drugs in medical insurance. Institutions generally believe that the normalization of the medical insurance catalogue will help the rapid increase in volume of innovative drugs.
【Countdown to the transfer of selected enterprises to the stock market，July or now the first letter of intent]It has been less than one month since July 27 that the first batch of selected enterprises on the NEEQ can apply for the transfer of listing. According to national equity transfer company data, as of June 29, there have been 55 companies listed on the Selected Layer of the New Third Board, and a total of 13.482 billion yuan has been raised through public offerings. Among them, since 2021, a total of 14 companies have completed public offerings, successfully listed on the selected layer, and raised a total of 2.961 billion yuan. (Securities Daily)
[National Health Commission: 9 new confirmed cases on June 29, all imported cases]According to the website of the National Health Commission, from 0-24 o’clock on June 29, 31 provinces (autonomous regions and municipalities) and the Xinjiang Production and Construction Corps reported 9 new confirmed cases, all of which were imported cases (2 in Fujian and 2 in Hubei). Cases, 2 cases in Yunnan, 1 case in Hunan, 1 case in Guangdong, 1 case in Sichuan); no new deaths; no new suspected cases.
big company
[DidisetstheIPOpriceat$14，Price ceiling in the issuance range]According to news from the Financial Associated Press on June 30, Didi set the US IPO price at $14/ADS; it is said that Didi may expand the size of the US IPO. Earlier, people familiar with the matter said that Didi Chuxing plans to set its IPO issue price at the upper limit of the issue price range, or even higher. Based on the US$14 cap and the number of outstanding shares given in the prospectus, Didi Chuxing has a market value of approximately US$67 billion. Since the submission of the prospectus, Didi has been oversubscribed by 10 times, that is, it has obtained orders of more than 40 billion US dollars, and exceeded the original planned fundraising target of 4 billion US dollars in advance, and ended the subscription early.
【flowerPlayboy will acquire underwear retailer Honey Birdette for US$330 million]According to the “Wall Street Journal” on June 30, the owner of the Playboy brand (PLBY) stated that it has agreed to acquire an Australian lingerie retailer for US$333 million. According to reports, the underwear brand Honey Birdette to be acquired by PLBY has about 60 physical stores, most of which are located in Australia, and a few are located in the United States and the United Kingdom. The company expects revenue for the fiscal year ending this month to exceed $73 million, an increase of more than 40%. Playboy went public last year through a merger with a special purpose acquisition company, and the transaction valued it at $415 million. (Interface News)
[China Great Wall plans to spin off its subsidiary, Great Wall Information, and go public on GEM]On the evening of June 29, Great Wall of China issued an announcement stating that Great Wall of China intends to spin off its holding company, Great Wall Information Co., Ltd., to be listed on the Growth Enterprise Market. The continuing operation of the business segment constitutes a substantial impact. Great Wall Information Co., Ltd. was established in 2007 and is located in Changsha, Hunan. Its business scope includes computer application electronic equipment, computer components, computer complete machines and other businesses. (Economic Observer Network)
[Vale will invest 150 million Canadian dollars to extend mining operations in Manitoba, Canada]According to Reuters, Vale said on Tuesday that it will invest 150 million Canadian dollars (120 million U.S. dollars) to extend its mining activities in Manitoba, Canada, to extend current mining activities for 10 years, and to extend the current mining activities in the area. Know the ore body for exploration. (Associated Finance Press)
A shares midday
[GEM refers to a rise of 1.74%, the semiconductor chip sector soars]The two markets rebounded on June 30, the ChiNext index performed strongly, and the semiconductor chip sector became active again. As of midday’s close, the Shanghai Composite Index rose 0.24%, the Shenzhen Component Index rose 0.82%, and the ChiNext Index rose 1.74%. On the disk, the semiconductor, chip, Chinese medicine, and liquor sectors ranked among the top gainers. The agriculture and new retail sectors were among the top decliners.
[Chinese medicine sector pulls up]Longshen Rongfa, Kunyao Group, etc. rose by over 5%, and Ma Yinglong and Jiuzhitang followed the rise.
[Semiconductorandcomponentssectorstrengthens】Fuman Electronics, Ming Microelectronics have the daily limit, Allwinner Technology, Lihe Micro, and Style Technology follow the rise.
[Automotive sector is weakening]Xiaokang shares and Hanma Technology fell more than 4%, followed by BAIC Blue Valley and Jianghuai Automobile.
(Data source: Fung Huashun, Securities Times. The content does not constitute any investment advice)
Compiled by Feng Tiange, intern reporter of Economic Observation Network
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