Just now, US stocks hit a new high! Liu Qiangdong zooms in： a big salary increase next year; Musk predicts that all AI films will come out next year.

Apple’s Apple Watch watch lock-up order is suspended-On Wednesday, local time, an American court of appeal suspended the import ban imposed by the US International Trade Commission (ITC) on some of Apple’s smart watches, which also means that the sales of Apple’s Apple Watch Series 9 and Apple Watch Ultra 2 can be temporarily resumed.

Apple filed an urgent motion yesterday in Beijing time, demanding that the US Court of Appeals for the Federal Circuit stop executing ITC’s order. Prior to this, ITC had ruled that Apple infringed the patent right of Masimo, a medical technology company.

Musk predicts that movies made by all AI will appear next year-Musk said on Wednesday that all films made by AI are expected to appear next year, suggesting that AI films will replace Hollywood in the future. Musk is responding to an X user’s post, who shared an AI-generated mini-play he made, describing a monkey drawing a blueprint in a mysterious cave and building a spherical spaceship. The picture is vivid. Musk commented: "AI movies will appear next year."

Global market

In terms of US stocks,The three major indexes all closed up slightly, with the Dow up 0.3%.Set a new record closing high; The Nasdaq rose 0.16% and the S&P 500 index rose 0.14%.

Large technology stocks are mixed,Tesla rose more than 1%, while NVIDIA, Apple, Netflix and Meta rose slightly; Microsoft, Google and Amazon fell slightly.Popular Chinese stocks are mixed.Nasdaq China Jinlong Index rose 0.02%. LI rose more than 3%, Manbang rose more than 2%, Netease fell nearly 5%, TSMC rose 0.19%, Ali rose 0.34%, and Xpeng Motors and Weilai fell more than 2%.

Global asset performance,
The US dollar index fell below 101 for the first time in five months.
Offshore RMB once fell below 7.16 and fell more than 180 points.
The yield of US 10-year Treasury bonds fell below 3.8% for the first time in five months.
Fed interest rate expectations
The yield of the United States’ closest 2-year bond fell to a new low of 4.246% since May 23rd.goldOver1% in intraday trading, new york Yellow.
Gold futures closed above $2,090 for the first time, while international crude oil fell to a high this month set by Tuesday’s rebound, down nearly 2%.

Hot spot concern

HOT FOCUS

1. Japan lifted the ban on the operation of the world’s largest nuclear power plant.

On December 27th, Japan Atomic Energy Regulatory Commission officially lifted the operation ban of the Kashiwazaki Yuki nuclear power plant under TEPCO, which has a total installed capacity of 8.2 million kilowatts and is one of the largest nuclear power plants in the world. Since the Fukushima nuclear disaster in 2012 led to the closure of all nuclear power plants in Japan at that time, the power station has been offline.

2. JD.COM announced a salary increase of nearly 100% for front-line business personnel from New Year’s Day.

JD.COM Group announced that the annual fixed salary of front-line business personnel such as purchasing and marketing in JD.COM will increase by nearly 100% from January 1, 2024, and the average salary increase of all retail employees in JD.COM will be no less than 20% at the beginning of 2024.

4. The new york Times sued Microsoft and OpenAI for copyright issues.

The new york Times filed a lawsuit against OpenAI and Microsoft in the Manhattan Federal District Court yesterday, claiming that the other company "used millions of articles without authorization" to train its AI model, so that its AI-generated content will now "directly compete" with The New York Times’s content. The New York Times has also become the first large American media organization to sue these AI companies.

5. The CSRC responded that "restricted shares shall not be short-sold": the violation shall be severely cracked down.

On December 27th, regarding the new regulation of "restricted shares are not allowed to be short-circuited", the person in charge of the relevant departments of the CSRC said that most securities companies have basically fulfilled the requirements of the new regulation, but on-site inspection also found that some securities companies have problems such as insufficient related party verification. The CSRC will urge securities companies to strengthen the penetrating management of customers’ trading behaviors and trading purposes, and severely crack down on behaviors that violate the requirements of "restricted shares are not allowed to be short-circuited" through multi-layer nesting, collusive trading and series arbitrage, and found that

6. Shenzhen: Accelerate the industrialization of manned low-altitude aircraft such as eVTOL.

Seven departments of Shenzhen jointly issued "Several Measures for Shenzhen to Support High-quality Development of Low-altitude Economy". The "Measures" propose to accelerate the industrialization of low-altitude aircraft such as manned eVTOL. Accelerate the industrialization development of manned eVTOL, flying cars and other application products. Low-altitude economic enterprises that actually engage in related business activities in Shenzhen, which develop manned eVTOL and flying cars and realize sales, will be given a certain proportion of sales incentives.

7. Trading limit of futures-related contracts of energy-adjusted container transport index (European line) in the previous period

Shanghai International Energy Trading Center issued a notice, starting from trading on Thursday, December 28, 2023, the maximum number of non-futures company members, overseas special non-broker participants and customers who open positions within the futures contract day of the container transport index (Europe Line) is as follows. The maximum number of intra-day opening transactions in the actual control relationship account group is executed according to a single customer. The number of open positions for hedging transactions and market-making transactions is not subject to this restriction.

8. Kweichow Moutai and Jiannanchun both raised prices.

The classic ex-factory price of Maotai-flavor wine products under Kweichow Moutai is raised from 10 yuan to 218 yuan/bottle, and the price of Golden Prince wine is raised from 20 yuan to 178 yuan/bottle. The ex-factory price of Crystal Sword, the core product of Jian Nanchun, will also increase by 20 yuan/bottle. It is understood that Maotai-flavor classic and Golden Prince wine are two big single products of Maotai series wine, with estimated sales of several billion yuan.

9. After Pinduoduo and Taobao, new support users in JD.COM only get a refund.

JD.COM recently revised the "General Rules for Dealing with Transaction Disputes on Open Platforms in JD.COM", the main content of which is that the newly added support for transaction disputes is only refundable to users. It is understood that in JD.COM, consumers can only apply for exchange and refund. The operation mode of refund only is that consumers do not need to return the original goods, and after the refund is completed, they will not be able to apply for a return of the goods again.

10. Oriental Selection plans to sell education business for 1.5 billion yuan.

Oriental Selection was announced on the Hong Kong Stock Exchange yesterday, and the board of directors approved the proposal to sell the education business to the parent company New Oriental at a total cost of 1.5 billion yuan. The sale is a part of the business restructuring of Generalized New Oriental Group, aiming at more clearly dividing its business lines and better keeping its business departments in line with the operating environment.

11. Gradually resume operation Maersk arranged for dozens of ships to pass through the Suez Canal.

Maersk’s latest ship emergency update information shows that dozens of container ships will be arranged to pass through the Suez Canal and the Red Sea in the next few weeks. Earlier this month, the company suspended its navigation in this area for fear of being attacked. The company added that the timetable may still change according to the specific emergency plan that may be formed in the next few days.

12. The Houthi armed attack caused ships to delay India’s search for more Middle East oil.

According to informed sources, Indian refiners, the world’s third largest importer of crude oil, are seeking to increase supplies from the Middle East and other nearby countries, because the recent attack on ships in the Red Sea has increased the risk of prolonged shipping time and rising costs.

13. Huawei stores were crowded? Sales response: The people who asked M9 never stopped.

In response to the news that "Huawei stores were crowded after the listing of M9", the reporter learned from Huawei stores in Beijing, Shenzhen and other places that although there are no rumors of exaggeration, people who look at M9 have never stopped. The day before, Huawei officially released the most expensive model of AITO Wenjie brand, Wenjie M9, with a price range of 469,800-569,800 yuan.

14. It is illegal to completely ban fireworks and firecrackers! NPC Law Committee: Local governments need to amend the ban on burning.

According to Nandu, Shen Chunyao, director of the Legal Affairs Commission of the National People’s Congress Standing Committee (NPCSC), reported the record review in 2023 to the seventh session of the 14th the National People’s Congress Standing Committee (NPCSC) on December 26th. According to the report, some local laws and regulations stipulate that the sale and discharge of fireworks and firecrackers are completely prohibited. Some citizens and enterprises put forward suggestions for reviewing the comprehensive prohibition regulations. After examination, the Law Committee believes that the provisions of relevant local laws and regulations on the total prohibition of the sale and discharge of fireworks and firecrackers are inconsistent with the relevant provisions of the Law on the Prevention and Control of Air Pollution and the Regulations on the Safety Management of Fireworks and Firecrackers, and should be amended in accordance with the spirit of the provisions of the superior law.

15. Four departments further standardize after-school services for compulsory education.

The General Office of the Ministry of Education and other four departments jointly issued the Notice on Further Standardizing After-school Services in Compulsory Education. The services provided by the school for students, such as early attendance and self-study, lunch break supervision and evening self-study, shall not be included in the scope of after-school services. After-school service must strictly follow the principle of students’ voluntary participation. Do not use after-school service time to organize students to brush questions for preparation, teach new lessons or make up lessons collectively.

16. The first bitcoin spot ETF is expected to be approved in January.

Discussions between the US Securities and Exchange Commission (SEC) and asset management companies wishing to list bitcoin ETFs have advanced to the technical details. More than a dozen large asset management institutions, including BlackRock, WisdomTree and Valkyrie, are waiting for the approval of the SEC, and the spot bitcoin ETF products may be put on the shelves in early January.

17. Oriental Fashion and Haofeng Technology were put on file for allegedly violating laws and regulations.

On the evening of December 27th,Oriental fashionAccording to the announcement, on December 27th, the company received a notice of filing a case from the China Securities Regulatory Commission for allegedly violating laws and regulations on information disclosure. Prior to this, on September 17, Oriental Fashion announced that Xu Xiong, the company’s director and chairman, was arrested on suspicion of manipulating the securities market and could not normally perform the functions and powers of the company’s director, chairman and members of special committees. On the same day,Haofeng technologyIt also issued a notice saying that the company was filed by the CSRC because it was suspected of violating laws and regulations.

macro-economy

MARCOECONOMICS

1. Professor Fudan said that China’s retirement age is relatively early, and it is suggested to postpone the retirement age.

Peng Xizhe, a professor at Fudan University’s Population and Development Policy Research Center and dean of Fudan University’s Institute of Aging, pointed out that the current retirement age in China is relatively early. The average retirement age for men and women is less than 56 years, while the average life expectancy has reached 78.2 years, and it is expected to continue to increase. This means that many retirees will have nearly 30 years to receive pensions after retirement. In this case, the current pension system is difficult to maintain for a long time. In view of this problem, Professor Peng Xizhe suggested to implement the delayed retirement system, and he also advocated to adopt a more flexible retirement system.

2. In November, profits of industrial enterprises above designated size increased by 29.5% year-on-year.

According to the data released by the National Bureau of Statistics, the profits of industrial enterprises above designated size increased by 29.5% year-on-year in November, which has been a positive growth for four consecutive months. Cumulatively, the total profit from January to November exceeded 6.98 trillion yuan, down 4.4% year-on-year. Since March, the year-on-year growth rate of accumulated profits has kept narrowing month by month, and the profit decline from January to November narrowed to less than 5% for the first time in the year.

3. The population born in October in South Korea hit a record low in the same month, and the population naturally decreased for 48 consecutive months.

According to statistics from the Korea Statistics Office, the number of people born in October decreased by 8.4% year-on-year to 18,904, the lowest in the same month since statistics began in 1981. In October, the number of deaths increased by 3.4% year-on-year to 30,793, and the population naturally decreased by 11,889 in that month, which was the 48th consecutive month.

4. The National Bureau of Statistics released the release schedule of major statistical information in 2024.

The National Bureau of Statistics released the release schedule of the main statistical information of the National Bureau of Statistics in 2024, in which the press conference on the national economic operation will be held at 10:00 on January 17th, and the statistical bulletin on the national economic and social development in 2023 will be released at 9:30 on February 29th.

The interest rate of some existing mortgage loans can be lowered by 10 basis points from next week.

As the New Year approaches, some existing loans are about to be re-priced. It is reported that the interest rate will be lowered by 10 basis points again for the stock mortgage that is priced before June 20 this year by choosing January 1 every year as the "repricing day". This is not in conflict with the interest rate adjustment of stock houses that started at the end of September this year.

Industrial information

INDUSTRIAL INFORMATION

1. Jin Zhuanglong, Ministry of Industry and Information Technology: Forward-looking layout of future industries and promotion of new industrialization of artificial intelligence empowerment.

Jin Zhuanglong, Party Secretary and Minister of the Ministry of Industry and Information Technology, said that we should conscientiously implement the deployment of the Central Economic Work Conference and the National New Industrialization Promotion Conference, highlight the key points, grasp the key points, accelerate the transformation and upgrading of traditional industries, consolidate and upgrade advantageous industries, cultivate and expand emerging industries, forward-looking layout of future industries, promote artificial intelligence to empower new industrialization, promote industrial green and low-carbon development, and build world-class enterprises.

2. Rice prices hit a 15-year high. Concerns about food security stimulate demand.

According to the Thai Rice Exporters Association, the price of Thai white rice, a benchmark in Asia, climbed for the third consecutive week on Wednesday to $659 per ton. This is the highest level since October 2008, and the price has increased by about 38% this year, after India, the largest rice exporter, imposed export restrictions and dry weather threatened crop growth.

3. Optimize the property market policy and stabilize the transactions in first-tier cities.

Recently, many regions, including Guangzhou, have introduced new policies for the property market, and some regions have introduced "fancy" housing purchase strategies, which has aroused market concern. Previously, hot cities such as Beijing and Shanghai successively introduced new policies for the property market. After the introduction of the policies, the transactions showed obvious signs of stabilization. According to the transaction data of Shanghai Real Estate Center, since the implementation of the New Deal for one week (December 15th-December 21st), the transaction volume of second-hand houses in Shanghai is 4,181 sets, with an average daily transaction volume of about 597 sets.

4. China Foundation: In November, the new filing scale of enterprise asset securitization products totaled 66.912 billion yuan, down 48.47% year-on-year.

According to the data of China Foundation, in November 2023, 67 enterprise asset securitization products were filed and confirmed, with a total new filing scale of 66.912 billion yuan. The scale of new filing in November decreased by 29.78% month-on-month and 48.47% year-on-year.

In November, the domestic market shipped 31.211 million mobile phones, up 34.3% year-on-year.

In November 2023, the domestic market shipped 31.211 million mobile phones, up 34.3% year-on-year, of which 27.092 million were 51.2% year-on-year, accounting for 86.8% of the mobile phone shipments in the same period.

6. Hong Kong’s property price index fell for seven consecutive months, reaching a new low of more than six and a half years.

Hong Kong property prices fell for seven months in a row. According to the data of the Bureau of Statistics, the index fell by 1.99% month by month in November to 316 points. In 2023, property prices fell by 5.6%, and at the same time hit a low level after February 2017, about six and a half years. In terms of rent index, the rent index of private housing rose to 186.8 in November, rising by 0.65% month by month for 10 consecutive months; It rose by 5.9% year on year. In the first 11 months of this year, the private housing rent index rose by 6.44%.

Announcement selection

SELECTED ANNOUNCEMENT

Sanqi mutual entertainment:It is planned to buy back shares at a price of 100 million yuan to 200 million yuan.

Wenyi Technology:The company and related responsible persons were fined 3.8 million yuan by the CSRC for violating the law.

Qingyuan shares:The main business of the company has not changed.

Yuyue Medical:Business license of Chongqing Ant Consumer Finance Co., Ltd.

Weilong shares:The company’s stock price-earnings ratio is significantly higher than the industry price-earnings ratio in the same period.Taiji Group:It is planned to invest 1.624 billion yuan to build the first phase of Southwest Pharmaceutical Industry Base Project.

Sichuan Investment Energy:Beijing Dadi Yuantong and concerted action plan to increase the company’s shares by 150 million yuan to 250 million yuan.

Dashi Intelligence:Won the bid for the intelligent project of China Merchants Bank headquarters building of about 117 million yuan.

Domestic stock market

Yesterday,A sharesaspectThe Shanghai Composite Index rose 0.54% to 2914 points, the Shenzhen Component Index rose 0.38% and the Growth Enterprise Market Index rose 0.07%. More than 3,700 shares in the two cities rose, with a turnover of 636.8 billion yuan throughout the day. On the disk, HBM concept stocks strengthened; The concepts of pork and chicken fluctuated higher; The concept of memory chip and computing power is strong all day; Dairy industry and prepared vegetables were among the top gainers. In addition, the public utilities sector has weakened; The photovoltaic equipment plate oscillated lower; Cultural media, diamond cultivation and aerospace sectors were among the top losers.

the Hong Kong stockaspectAfter Christmas, it ushered in a rebound, and the gains of major indexes continued to expand in the afternoon. The Hang Seng Science and Technology Index rose nearly 3% in late trading and returned to above 3,600 points. The Hang Seng Index and the National Index rose 1.74% and 2.09% respectively. On the disk, the collective pull-up of weighted technology stocks helped the market to rise. The game stocks that plunged last Friday rebounded sharply, and Netease was the first to rise by nearly 12%. Water stocks performed strongly, auto stocks rose significantly, and the new forces of making cars were among the top gainers. On the other hand, military stocks fell against the trend, while semiconductor stocks, port shipping stocks and interior housing stocks mostly fell.

Main trend,On December 27th,Northbound capitalNet purchase of A shares was 5.678 billion yuan throughout the day. Among them, North Huachuang, Changjiang Electric Power and Wuxi PharmaTech received net purchases of 211 million yuan, 199 million yuan and 146 million yuan respectively; Changan Automobile ranked first in net sales, amounting to 358 million yuan.Southward fundsA small net purchase of Hong Kong stocks was HK$ 1.242 billion. Among them, China Mobile, Southern Hang Seng Technology and China Offshore Oil received net purchases of HK$ 778 million, HK$ 561 million and HK$ 284 million respectively; China Construction Bank ranked first in net sales, amounting to HK$ 270 million.

BillboardIn China, a total of 43 stocks were listed on the Dragon and Tiger List, and Jiachuang Video Dragon and Tiger List had the largest net purchase in a single day, reaching 150 million yuan. There are 25 stocks involving institutional seats, and the top three net purchases are Stech, Zhenshitong and Shenma Power, which are 79.5954 million yuan, 47.0371 million yuan and 33.3123 million yuan respectively.

Financing balance of the two cities:As of December 26, the financing balance of the Shanghai Stock Exchange was 830.157 billion yuan, a decrease of 1.38 billion yuan compared with the previous trading day; The financing balance of Shenzhen Stock Exchange was reported at 751.105 billion yuan, a decrease of 928 million yuan compared with the previous trading day; The two cities totaled 1,581.262 billion yuan, a decrease of 2.308 billion yuan compared with the previous trading day.