Edited by: Zhang Yangyun, Wang Xiaobo
NO.1 Market News
The three major U.S. stock indexes closed mixed, all recording five consecutive monthly gains. The Dow rose 0.12%, up 0.84% this week, up 2.08% this month, and 5.62% in the first quarter, the S&P 500 rose 0.11%, up 3.1% this month, and 10.16% in the first quarter, and the Nasdaq fell 0.12%, up 1.79% this month, and 9.11% in the first quarter. Among them, the S&P 500 and the Dow both hit record closing highs. Large technology stocks were mixed, with Tesla falling more than 2%, down nearly 13% this month, and more than 29% in the first quarter; Apple and Meta falling more than 1%, Netflix and Microsoft falling slightly; Intel, Nvidia, Google, and Amazon rose slightly. Most of the Chinese concept stocks rose, and the Nasdaq China Golden Dragon Index rose 0.3%, down 2.07% this month and 5.55% in the first quarter. iQiyi rose more than 5%, Bilibili, Tencent Music, and Alibaba rose more than 1%, and Futu Holdings, JD.com, Vipshop, Li Auto, and Baidu rose slightly. Weilai fell more than 3%, Xiaopeng Motors and Manbang fell more than 1%, and Pinduoduo and NetEase fell slightly.
The final annualized QoQ value of real GDP in the fourth quarter of the United States was 3.4%, with an estimate of 3.2% and a revised value of 3.2%.
The number of initial jobless claims in the United States last week was 210,000, with an estimate of 212,000 and a previous value of 210,000.
International oil prices rose across the board, with the U.S. oil May contract up 2.16% to $83.11 per barrel. Brent oil June contract rose 1.79% to $86.94 a barrel.
Spot gold rose more than $10 in the last short term, updating its all-time high to $2,236 per ounce and $2,233.93 per ounce as of press time.
Major European stock indexes collectively closed higher, with the German DAX 30 up 0.14%, the British FTSE 100 up 0.32%, the French CAC 40 up 0.01%, and the Euro Stoxx 50 up 0.02%.
NO.2 The State Council held a video conference to promote large-scale equipment renewal and trade-in of consumer goods
On March 28, the State Council held a video conference to promote large-scale equipment renewal and trade-in of consumer goods. Li Qiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, pointed out at the meeting that promoting a new round of large-scale equipment renewal and trade-in of consumer goods is of overall strategic significance, which is beneficial to both the current and the long-term, both stable growth and transformation, and both enterprises and people's livelihood. All regions and departments should earnestly unify their thoughts and actions to the decision-making and deployment of the Party Central Committee, adhere to the market-oriented and government-guided, insist on encouraging the advanced and eliminating the backward, adhere to the guidance of standards and orderly improvement, respect the wishes of enterprises and consumers, strengthen policy support, pay attention to classified implementation, grasp the priorities, and solidly promote the four major actions of equipment renewal, consumer goods trade-in, recycling and recycling, and standard improvement, and strive to form the endogenous power and scale effect of upgrading. (News Network)
NO.3 The heads of the commercial departments of China and the Netherlands exchanged views on issues such as the export of lithography machines to China
The reporter learned from the Ministry of Commerce on the 28th that on March 27, Wang Wentao, Minister of Commerce, met with the visiting Dutch Minister of Foreign Trade and Development Cooperation Van Luwen in Beijing. The two sides focused on the in-depth exchange of views on issues such as the export of lithography machines to China and the strengthening of cooperation in the semiconductor industry. Wang Wentao expressed the hope that the Dutch side will uphold the spirit of the contract, support the enterprise to fulfill its contractual obligations, and ensure the normal trade of lithography machines. Van Luwen said that China is one of the most important economic and trade partners of the Netherlands, and the Netherlands is willing to continue to be a reliable partner of China. The Dutch export control is not aimed at any country, and the decisions made are based on independent evaluation, and the impact on the global semiconductor industry chain and supply chain is minimized under the premise of safety and control. (Xinhua News Agency)
On March 28, according to the website of the Ministry of Commerce, China decided to terminate the anti-dumping duties on import-related wines originating in Australia from March 29, 2024, and not to impose countervailing duties after the end of anti-dumping duties.
Recently, the Ministry of Commerce and other 9 departments issued guidance on promoting the high-quality development of the catering industry. It is mentioned that the development of the prefabricated food industry should be regulated. Accelerate the formulation and improvement of standards related to prefabricated dishes.
NO.4 Ministry of National Defense: China will not let the Philippines come to China on the South China Sea issue
On the afternoon of 28 March, the Ministry of National Defense held a regular press conference, at which Senior Colonel Wu Qian, director of the Information Bureau of the Ministry of National Defense and spokesman of the Ministry of National Defense, answered reporters' questions. Wu Qian said that the Philippine side's provocation and troublemaking are the direct cause of the recent escalation of the South China Sea issue. Relying on the support of external forces, the Philippines has violated international law and the spirit of the Declaration on the Conduct of Parties in the South China Sea, frequently violated the law, provoked and caused incidents at sea, and spread disinformation to mislead the international community. The Philippines should realize that provocation and provocation outweigh the losses, and relying on outsiders is simply unreliable. (CCTV News)
NO.5 The first instance of Li Tie's case was opened
On March 28, 2024, the Intermediate People's Court of Xianning City, Hubei Province, held a public trial of the case of Li Tie, the former head coach of the Chinese national men's football team, in the first instance. The procuratorate requested that Li Tie be investigated for criminal responsibility for the crimes of accepting bribes, offering bribes, offering bribes to units, accepting bribes from non-state functionaries, and offering bribes to non-state functionaries. It is reported that the amount involved exceeds 100 million yuan. Li Tie pleaded guilty and repented in court. (CCTV News)
On March 28, the website of the Chinese Football Association issued interim measures for the reporting and handling of the problem of "fake gambling and black". Whistleblowers who provide effective clues and are verified will be given material rewards ranging from 2,000 yuan to 20,000 yuan; special rewards will be given to whistleblowers who have repeatedly provided valuable clues, especially those who have played a key role in the investigation and handling of the problem of "fake gambling and illegal gambling."
On March 28, the website of the Chinese Football Association issued a notice on the employment of football social supervisors, and plans to openly hire football social supervisors nationwide.
NO.6 and 2.6.
On March 28, according to the WeChat public account of China Iron and Steel Association, China Iron and Steel Association issued a proposal to "recognize the situation, maintain concentration, and jointly maintain the stable and orderly development of the steel industry". Steel enterprises should reduce production intensity, reduce inventory as soon as possible, and resist vicious competition.
NO.7 Shenzhen issued a risk reminder on the "DDO digital option" business
According to the website of the Shenzhen Local Financial Administration, on March 28, the Shenzhen Municipal Office for the Prevention and Disposal of Illegal Fundraising issued a risk reminder on the "DDO digital option" business. Ding Yifeng International Asset Management Group Co., Ltd. advertised the issuance of a DDO digital option in China to solicit the public to subscribe for investment. This act is essentially the issuance and trading of virtual currency, which is an illegal financial activity.
NO.8 Kaifeng Wang Po is on fire!
According to Zhengguan Video on March 28, the recently popular Kaifeng Wang Po called on the babies of the whole country to fall in love. Through the third-party platform query data, it was found that the number of fans of the "Kaifeng Wang Po" account on March 15 was 231,000, and as of press time, Kaifeng Wang Po Douyin fans reached 3.973 million. In 13 days, the number of fans increased by 3.742 million. Wang Po's popularity has also attracted the attention of the central media. Recently, CCTV released an article "Why can "Wang Po Say Media" talk about the hearts of young people?". The article says, where does the charm of "Wang Po Talking about Matchmaking" come from? First of all, it is true. Another important reason why "Wang Po said the media" became popular on the Internet is that it can put itself in the shoes of tourists, and even personally "supervise" interested tourists to add WeChat to each other, and teach young men and women to chat and confess on the spot. (per synthesis)
NO.9 The first-instance verdict of the bride price dispute case of Shanxi "engagement rape case" was announced
On March 28, the Yanggao County People's Court heard the first-instance trial and pronounced a judgment in court on a marriage contract property dispute case. After trial, the court held that the bride price of 100,000 yuan and two rings paid by the man to the woman in this case should be recognized as the bride price. The husband's request for the return of the bride price through litigation even though the woman had already returned the above-mentioned bride price and notified her to collect it had no factual basis and was not supported in accordance with law. With regard to the husband's claim for the return of 9,977.8 yuan for multiple daily expenses, including the engagement banquet cost of 1,644 yuan, the woman objected to the amount and expenses paid, and the court held that the above-mentioned amount did not belong to the scope of the bride price and was not supported in accordance with the law. Therefore, the judgment rejected all the litigation claims of plaintiffs Xi XX and Zheng XX in accordance with law. The case involved is the Shanxi "engagement rape case", which previously sentenced the man to 3 years in prison in the first instance. (per synthesis)
NO.10 International News
The terrorist attack on the Russian concert hall, Peskov's latest statement
Russian presidential press secretary Dmitry Peskov said on March 27 that Russian intelligence services are investigating the terrorist attack at a concert hall near Moscow, and no official results can be released. In this case, the United States has argued that the attack was carried out by an extremist group, which is very strange and shows that the United States wants to divert attention from something.
The Israeli Prime Minister said the Israeli army was preparing for an attack on Rafah
On March 28, local time, Israeli Prime Minister Benjamin Netanyahu said that only the Israeli army continued to exert strong military pressure could prompt the release of the detainees. Netanyahu also said that Israeli forces now control the northern Gaza Strip and Khan Younis, and "are preparing for an attack on Rafah." Israel will use these advantages prudently in the ceasefire negotiations in order to release all detainees.
Polish Defense Minister: The US Congress has approved the sale of missile systems to Poland
On March 28, local time, Polish Deputy Prime Minister and Defense Minister Kosinyak Kames said on social media that the U.S. Congress had approved the sale of advanced missile systems to Poland. The deal includes the AGM-158B Extended-Range Joint Standoff Air-to-Surface Missile, the AIM-120-8C medium-range air-to-air missile and the AIM-9X Block II Sidewinder short-range air-to-air missile. (CCTV News)
NO.1 Xiaomi cars started from 215,900, and the 27-minute set exceeded 50,000 units
Xiaomi Auto: On March 28, Lei Jun, chairman of Xiaomi Group, announced at the Xiaomi car launch conference that Xiaomi SU7 was officially launched, with the price of Xiaomi SU7 standard version at 215,900 yuan, the price of Xiaomi SU7 PRO version at 245,900 yuan, and the price of Xiaomi SU7 MAX version at 299,900 yuan. The Xiaomi SU7 has a long battery life across the board, with a starting range of 700 km as standard under CLTC conditions. The Xiaomi SU7 Max version achieves both 2s 000 acceleration and 800km+ range. According to the official Weibo news of Xiaomi Auto, Xiaomi Auto broke 10,000 units in 4 minutes, 20,000 units in 7 minutes, and 50,000 units in 27 minutes.
Comments: This will further increase the activity of the electric vehicle industry, which is conducive to the long-term development of consumers and the industry.
NO.2 The Kobayashi Pharmaceutical incident killed 4 people, and the president apologized
Kobayashi Pharmaceutical: In the past few days, the turmoil of Japan's Kobayashi Pharmaceutical's problematic health care products has continued to ferment. Kobayashi Pharmaceutical said on March 28 that the number of consumers who died after taking health products containing red yeast rice increased to four, and another 106 people were hospitalized, NHK TV reported. Akihiro Kobayashi, president of Kobayashi Pharmaceutical Co., Ltd., apologized for the incident at a private shareholders' meeting held on the same day. (CCTV News)
Comments: Kobayashi Pharmaceutical's health care products have led to consumer deaths and hospitalizations, causing public concern about the safety of health care products.
NO.3 Gymboree apologized for the irregular closure of Nanjing Center
Gymboree: On March 28, according to the WeChat official account of "Gymboree Children's Growth Education", the Gymboree brand headquarters issued an open letter apologizing for the recent irregular closure of the Nanjing Center. According to the letter, the Jingfeng Center in Jiangning District, Nanjing, the Olympic Sports Huacai Tiandi Center in Jianye District, and the Jiangbei Hongyue City Center in Pukou District involved in the incident were all independently operated by Nanjing franchisees. The person in charge of the company introduced a third party to close the store without communicating with the headquarters and allowed it to publish a series of extremely irresponsible measures and remarks that violated the brand regulations. The company's headquarters will set up a special working group to reconsider the solution.
Comments: This incident has had a negative impact on the brand image of Gymboree.
NO.4 TEPCO's 2024 plan for discharging nuclear-contaminated water into the sea was released
Japan's Tokyo Electric Power Company: On March 28, local time, Japan's Tokyo Electric Power Company announced at a press conference that the Fukushima Daiichi Nuclear Power Plant will discharge a total of 54,600 cubic meters of nuclear-contaminated water through seven rounds of nuclear-contaminated water in fiscal year 2024 (April 2024 to March 2025), with a total radiation of 14 trillion becquerels. The first round of discharge of nuclear-contaminated water into the sea will take place between April and May, and the discharge volume is planned to be about 7,750 cubic meters. (CCTV News)
Comment: This may attract the attention and protests of public opinion.
NO.5 Huijin made a move and bought these ETFs
Central Huijin Company: From October 18 to October 23 last year, there was a correction in A-shares, and Central Huijin announced on October 23 last year that it would buy exchange-traded funds (ETFs) on that day. With the successive disclosure of the fund's 2023 annual report, Central Huijin's move has surfaced. Specifically, compared with last year's interim report, the annual report shows that Central Huijin has significantly increased its holdings in ChinaAMC SSE 50 ETF, ChinaAMC CSI 300 ETF and Harvest CSI 300 ETF. The reporter of "Daily Economic News" noticed that Central Huijin Asset Management Co., Ltd., a subsidiary of Central Huijin Company, is also buying A-share ETFs. In addition, the buying action of insurance institutions is also quite obvious.
Comments: Central Huijin increased its holdings in A-share ETFs, showing its optimism on the A-share market.
NO.6 and the 1998's
Vanke (SZ000002, share price 9.24 yuan, market value 110.2 billion yuan): On March 28, according to Vanke's 2023 annual report, under the pressure of market sales, Vanke still achieved positive cash flow, as of the end of 2023, it has been positive operating cash flow for 15 consecutive years, with 99.81 billion yuan of monetary funds in hand, which can cover interest-bearing liabilities due within one year, and the asset-liability ratio excluding pre-collected housing payments is 65.5%, down from the high point of 76% in 2018 for five consecutive years.
Comments: This shows the company's financial health and stability, which may support the company's growth and business expansion.
NO.7 Country Garden's sudden announcement! The results are delayed, and the stock may be suspended
Country Garden (HK02007, share price HK$0.485, market value HK$13.57 billion): On the evening of March 28, Country Garden issued an announcement on the Hong Kong Stock Exchange to postpone the publication of its 2023 annual results, and the board meeting will also be postponed. As for the reasons for the delay in the publication of the 2023 annual results, Country Garden said that due to the continuous volatility of the industry, the company is facing an increasingly complex business environment, and the company needs to gather more information to make appropriate accounting estimates and judgments. In addition, in accordance with the Listing Rules of the Hong Kong Stock Exchange, if the Company is unable to announce its 2023 annual results by 31 March 2024, trading in the Company's shares will be suspended on the Stock Exchange from 9 a.m. on 2 April 2024 in accordance with Rule 13.50 of the Listing Rules.
NO.8 Bytes send a letter to all employees saying that "M and above" performance can get additional options
ByteDance: On March 28, the reporter of "Daily Economic News" learned that ByteDance issued a letter to all employees that for employees with comprehensive performance of M and above throughout the year, they will receive an additional option incentive on the basis of the actual number of bonus months. The all-staff letter also mentions that employees with comprehensive performance M will receive an additional 5% incentive, 10% for M+, and 15% for E and above, and the incentive will be issued in the form of options/RSUs.
Comment: This can have a positive impact on talent attraction and employee satisfaction for the company.
NO.9 JPMorgan Chase official announcement!
JPMorgan Chase & Co. (JPM, stock price $200.31, market capitalization $577 billion): On March 28, JPMorgan Chase announced on its WeChat account that it has appointed Yanni Chen and Yaodong Ho as co-chief executive officers (CEOs) of China, effective April 1, 2024. It is reported that Chen Yanni and He Yaodong will serve as the chairmen of the China Operations Committee to jointly promote the further development of the company's overall business in China and better allocate JPMorgan's global network and resource advantages to China.
Comments: This shows that J.P. Morgan attaches great importance to the Chinese market and wants to further expand its business scale in this market.
NO.10 no.10 . 10.
Merck & Co., Ltd. (MRK, stock price $131.92, market capitalization $334.1 billion): On Tuesday, the U.S. pharmaceutical giant announced that it had received approval from the U.S. Food and Drug Administration (FDA) for its new drug to treat a deadly lung disease. The drug, whose trade name is Winrevair, is used to treat pulmonary hypertension (PAH), with a price of up to US$14,000 (about 100,000 yuan) per bottle and a full year of up to US$242,000 (about 1.74 million yuan). (per synthesis)
Comment: The high price of drugs may cause social controversy, but for Merck, it is a major breakthrough.
Investment interactions
On March 28, northbound funds bought a net of 2.335 billion yuan. Among them, the Shanghai Stock Connect net bought 2.559 billion yuan, and the Shenzhen Stock Connect net sold 224 million yuan. In the list of stocks with active northbound capital transactions, a total of 8 stocks were net purchased, and the largest amount was Wuliangye (000858. SZ, closing price: 153.1 yuan), a net purchase of 481.4 million yuan, a total of 12 stocks were net sold, and the largest amount was Goertek shares (002241.SZ, closing price: 15.79 yuan), a net sale of 432.3 million yuan.
On March 28, southbound funds bought a net of HK$3.802 billion. In the list of active stocks traded by southbound funds, a total of 10 stocks were net purchased, and the largest amount was Tencent Holdings (0700. HK, closing price: HK$303.8), with a net purchase of HK$1,382.0 million, and a total of 4 stocks were net sellers, with the largest amount being Meituan-W (3690.HK, closing price: HK$96.8), with a net sale of HK$322.2 million.
Click on the query, one-click to distinguish meat picks and thunder stocks, and you don't have to worry about playing new.
Donghai Securities: The competition pattern of the white power industry is clear, and we pay attention to leading enterprises. Leading enterprises have a global layout, early integration of the industrial chain, abundant cash flow, and have made efforts to provide full-scenario solutions in the mid-to-high-end market in recent years. Individual stocks can be paid attention to: Hisense Home Appliances, Midea Group, Haier Smart Home, etc.
Reporter: Wang Lin
Editors: Zhang Yangyun and Wang Xiaobo
Disclaimer: The content and data of the article are for reference only and do not constitute investment advice. Investors act accordingly at their own risk.
National Business Daily