Torch high new July 23 evening announcement that the board of directors on July 22 received Deng Zuming's resignation report.
The U.S. again black hand, 25 billion projects under investigation?
Local time on July 22, according to Reuters and other U.S. media reports, the U.S. House of Representatives Committee on Fundraising Chairman *** and party member Jason Smith, China Special Committee Chairman Mike Gallagher, in the latest joint letter, asked Ford to answer the deal's licensing agreement, Ningde Times relationship with forced labor, and the cooperation agreement created by the the question of whether jobs will go to China.
In response, Ford said it "will own and operate the plant in the U.S., rather than building a battery plant elsewhere or importing only lithium iron phosphate batteries from China, as the company's competitors have done." Ford also said the company is still waiting for guidance from the U.S. Treasury Department to make sure the partnership doesn't violate requirements.
Big news out of Wang! Raised nearly 2.262 billion yuan again
On the evening of July 23, China Ruyi announced that on July 20, 2023, Shanghai Ruyi (a controlled structural entity of the Company), as the transferee, entered into an equity transfer agreement with Beijing Wanda Cultural Industry Group Company Limited, as the transferor, agreeing that Shanghai Ruyi will, for a consideration of RMB 2.262 billion yuan Ltd. for a consideration of RMB2.262 billion. The agreement provides that Shanghai Ruyi shall be granted 49% of the shares of Beijing Wanda Investment Co. Analysts said that the willingness of Ruyi Film and Television to take a stake in Wanda Investment is due to its stake in Wanda Film.
Market Hot Spots
"Bao fire dispute" again waves, the newly hired general manager of the Baoneng system resigned at the speed of
Following the July 19th Yao Zhenhua attempted to enter the Torch Hi-Tech was refused, late at night on July 22nd in Torch Hi-Tech.
After Yao Zhenhua's attempts to enter the factory were rejected on July 19, another on-site confrontation took place late at night on July 22.
In the early hours of July 23, an unidentified group appeared outside the factory intending to storm the factory, disrupting the company's normal production and business order.
Because the behavior has no legitimate company process approval, and has caused great threat to the company's normal production and operation and personnel and property safety, the company decisively alarmed and notified the company's dormitory and the nearby employees volunteered to rush back to the company to assist in the maintenance of the normal order of the enterprise. After police processing, the above unidentified persons left the scene at 1:26 a.m. on the 23rd.
According to the plan, Torch Hi-Tech will hold an extraordinary shareholders meeting on July 24, the main motion of the General Assembly is to remove the "Baoneng" He Hua and other four directors, and the election of the "Torch" Liang Dahang and other new directors. However, the torch high new July 23 evening announcement that the board of directors on July 22 received Deng Zuming's resignation report. For personal reasons, Deng Zuming resigned as general manager of the company. After his resignation, Deng Zuming will not hold any position in the company and its subsidiaries.
South Korean president's mother-in-law arrested!
According to Yonhap News Agency, the second trial of the case of Choi Eun-soon, the mother-in-law of South Korean President Yoon Seok-hyeol, who forged bank balance certificates, was declared on the 21st of February, and the court rejected the appeal filed by the defendant, sentenced Choi to one year's imprisonment, upheld the verdict of the first trial, and arrested her in the court. Yonhap News Agency said that the mother-in-law of the incumbent president was arrested in court for the first time in South Korea's constitutional history. South Korea's presidential office said on the 21st, the president's mother-in-law Choi Eun-soon arrested in court, the presidential office is not appropriate to comment on the results of the judgment made by the judiciary.
Market Review
This week's key events are quite a lot, July Fed interest rate meeting is coming heavily, Fed Chairman Powell will hold a monetary policy news conference; the European Central Bank, the Bank of Japan and so on will also announce interest rate resolutions. In addition, the Nasdaq 100 index will be "special adjustment", through the redistribution of weights to solve the problem of excessive concentration of the index. Data, attention to the United States in the second quarter of real GDP, June PCE price index, German CPI in July.
Earnings, Ningde Times, Shui Jing Fang, Wanhua Chemical, Huanrui Century and others in the A-share market will disclose their 2023 semiannual reports; and a number of large U.S. tech companies will release their latest quarterly earnings reports, including Microsoft, Google, Meta Platforms, Intel, Coca-Cola, ExxonMobil and others.
Bond market, the bond market shook stronger in the last session, the whole day to see the spot bond yields significantly lower than the previous day. Funding balanced loose, 30-year treasury bidding results to the good to boost market sentiment, superimposed on the stock market near the midday session of the high retreat, the spot bond oscillation stronger. The whole day to see the spot bond futures are closed up, and ultra-long-term bond performance is better, the end of the 10-year treasury bonds, treasury bonds active coupon yield of 2.61%, 2.729%, respectively, compared with the previous day's closing change of -1.2Bps, -1.2Bps, "10 years - 1 year" term spreads have been narrowed.
Market information
Russia relents! Return to the Black Sea food agreement opened these five conditions
Russian Deputy Foreign Minister Vershinin said that Russia does not rule out the possibility of reaching a new "food agreement" with Turkey, and that any program to promote the continuation of the supply of food to the world market can be considered, according to a report by Sputnik news agency.
Vershinin said, "to meet these conditions is very simple, the total **** there are five conditions, the Black Sea food agreement can continue to maintain, only on the basis of the above conditions have been met". 5 conditions include the Agricultural Bank of the re-access to the Association for Worldwide Interbank Financial Telecommunication (SWIFT) system (transportation), logistics, insurance, financial activities and Taoiseach's office. logistics, insurance, financial activities and normalization of ammonia transport through the Togliatti-Odessa pipeline.
CEOs of chip giants urge U.S. government to study impact of China export restrictions and pause
Bloomberg disclosed on the 21st of local time, citing sources familiar with the matter, that the CEOs of the three major U.S. chip giants told the Biden administration officials during their talks on the 17th of July in Washington, D.C., that the U.S. government should study the impact of the tightening of export restrictions on China and pause before implementing new restrictions. impact and suspend initiatives before implementing new restrictions.
At the meeting in Washington, Intel CEO Pat Kissinger, Nvidia CEO Jen-Hsun Huang and Qualcomm CEO Cristiano Ammond warned that taking relevant export control measures could jeopardize U.S. leadership in the industry. People familiar with the matter also said Biden administration officials were briefed but made no commitments.
ECB to Require Major European Commercial Banks to Report Weekly Liquidity Data
The European Central Bank will require major European commercial banks to report liquidity data on a weekly basis starting in September 2023 to facilitate more accurate monitoring and hedging of financial risks, said Enrique Enrique, chairman of the European Central Bank's supervisory board. Previously, major European commercial banks were only required to report their respective liquidity data to the ECB on a monthly basis.
OPEC: Global $12.1 trillion investment needed in oil sector by 2045
OPEC Secretary General Argus said major investments are being made in renewable energy and hydrogen capacity, carbon capture utilization and storage, and other technologies, as well as to promote a circular carbon economy. Between now and 2045, global energy demand will grow by 23 percent. The oil sector alone will require $12.1 trillion in global investment.
Russia Says It Wants to Discuss Establishing a New Settlement Mechanism at BRICS Summit
Russian Foreign Ministry sources have said they want to discuss the establishment of a new, sustainable mechanism for mutual trade settlements, with the goal of greater use of local currencies for settlements, at the BRICS summit to be held in August, according to Russia Today TV. As for the possibility of establishing a unified currency for the BRICS countries, the Russian Foreign Ministry said it would probably be a very complicated process.
Yole: Total Semiconductor Equipment Revenues to Decline 8.3% in 2023
Yole Intelligence expects total semiconductor equipment industry revenues to decline by 8.3% in 2023, with revenues decreasing from $101 billion in FY2022 to $93 billion in FY2023.2023 The semiconductor equipment market has already declined 7% in the first quarter compared to the previous quarter, and will face an 11% decline in the second quarter of 2023.
The first half of the key social security reforms have been steadily implemented
The latest data from the Ministry of Human Resources and Social Security shows that in the first half of the year, the key reforms of China's social security have been steadily implemented. Pension insurance national coordination in the first half of the transfer of funds 163 billion yuan, to support the fund difficult provinces pension payment. The personal pension system and the pilot project of occupational injury protection for new employment patterns of employed people have continued to advance. As of the end of June, the number of participants in the national basic pension, unemployment and work-related injury insurance stood at 1.057 billion, 240 million and 294 million, respectively, all of which increased year-on-year.
6 economic provinces "half-yearly report": 3 provinces growth rate of more than 6%, 5 provinces growth rate accelerated compared with the first quarter
6 economic provinces as a whole showed a strong recovery trend. From the first half of the total economy, six economic provinces are divided into "6 trillion" file, "4 trillion" file, "3 trillion" file and "2 trillion "Guangdong continues to be the top economic province. Guangdong continues to sit in the position of the first economic province, and followed by Jiangsu both exceeded 6 trillion. According to estimates, six economic provinces in the first half of the total economic output accounted for about 45% of GDP, continue to play the role of national economic development "pillar".
Chen Yulu: internationalization of RMB shows long-term growth trend
Chen Yulu, president of Nankai University, said that by the end of 2022, the RMB will become the third largest international currency after the US dollar and the euro, and the level of internationalization will show a long-term growth trend.
Facing 2035, for the yuan to be on par with the dollar and the euro, it is necessary to build three major conditions: first, the construction of China's modernized industrial system supported by the real economy should be basically completed; secondly, the deepening of China's financial market and the infrastructure construction of the yuan's internationalization should be made great strides; and thirdly, China's financial system's institutional openness and risk control system to achieve a high-order balance.
National Development and Reform Commission Economic Research Institute stern statement
July 23, the National Development and Reform Commission Economic Research Institute issued a stern statement that it has no relationship with Hunan Zhongtou Comprehensive Holding Co. The statement said, the company and the National Development and Reform Commission Economic Research Institute does not have any affiliation or equity relationship, there is no investment, cooperation, business relations, all the company's behavior has nothing to do with the National Development and Reform Commission Economic Research Institute, which pretends to be a subsidiary of the National Development and Reform Commission Economic Research Institute engaged in any of the behavior, the National Development and Reform Commission Economic Research Institute does not bear any legal responsibility.
China to resume 15-day visa-free entry policy for Singaporean citizens
The Chinese Embassy in Singapore has announced that the Chinese government will resume its 15-day visa-free entry policy for Singaporean citizens holding ordinary passports who come to China for business, sightseeing and tourism, visiting relatives and friends, and in transit from 0000 hrs on July 26th, Beijing time. Singapore citizens who have previously been issued visas to China will continue to have their visas valid. Visa applications will be processed as normal.
Public fund second quarterly report: Maotai continues to reign as the number one long position stock, followed by Ningde Times
With the disclosure of the second quarterly report of the public fund is completed, the second quarter of the public placement of position movements with the surface. Public funds in all positions (including Hong Kong stocks), Guizhou Maotai, Ningde Times, Tencent Holdings, Luzhou Laojiao, Wuliangye, ZTE, Myriad Healthcare, Hengrui Medical, Sunny Power, JAO Technology ranked in the top ten positions (statistical caliber for the publication of the second quarterly report of the year 2023 of 4,980 actively invested in biased equity funds).
From the market value of long positions, as of the end of the second quarter, there are 1,220 funds hold long positions in Guizhou Maotai, the market value of the position reached 84.345 billion yuan, and continue to reign as the number one long position in public funds.