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Important information affecting the market this weekend includes: the central bank will set up 300 billion yuan of affordable housing refinancing; Four departments jointly issue documents to strictly crack down on illegal and criminal activities of securities and futures according to law; More underground adjustment of housing provident fund loan interest rate; The United States imposed tariffs on China; The latest position announcement of Buffett and Bridgewater Fund; Listed companies actively "seize the beach" in the blue ocean of low altitude economy; Gold and silver soared; The US stock index closed above 40000 for the first time in 139 years.
Macro economy
Three arrows fired together! "Major measures" of real estate are launched in a centralized manner
On May 17, the Central Bank issued three successive blockbuster notices on real estate, respectively on lowering the interest rate of individual housing provident fund loans, lowering the minimum down payment ratio of individual housing loans, and canceling the lower limit of the policy for individual housing loan interest rates. Among them, the Central Bank decided to cut the loan interest rate of individual housing provident fund by 0.25 percentage points from May 18, 2024.
Central Bank: 300 billion yuan of affordable housing refinancing will be set up
The People's Bank of China announced on May 17 that it plans to establish affordable housing refinancing. The scale of refinancing is 300 billion yuan, the interest rate is 1.75%, the term is one year, and the term can be extended four times. The distribution targets include 21 national banks, including the National Development Bank, policy banks, state-owned commercial banks, postal savings banks, joint-stock commercial banks, etc. In accordance with the principle of independent decision-making and risk bearing, the bank will grant loans to local state-owned enterprises selected by the city government to purchase commercial houses that have been built but not sold and use them as affordable housing. The People's Bank of China will issue re loans based on 60% of the loan principal, which can drive bank loans of 500 billion yuan.
The CSRC, the Ministry of Public Security and other four departments jointly issued documents! Strictly crack down on illegal and criminal activities of securities and futures according to law
On May 17, the Supreme People's Court, the Supreme People's Procuratorate, the Ministry of Public Security and the Securities Regulatory Commission jointly issued the Opinions on Several Issues Concerning the Handling of Securities and Futures Illegal and Criminal Cases, which clearly proposed to adhere to the zero tolerance requirement and strictly crack down on securities and futures illegal and criminal activities according to law. The Opinions put forward that we should adhere to the zero tolerance requirement and strictly crack down on illegal and criminal activities in securities and futures according to law. We will intensify investigation and punishment, adhere to the principle of moving everything away, arresting when caught, and prosecuting when sued, strictly control the application of probation, increase the application and execution of property punishment, maximize the recovery of stolen goods and damage, and improve the whole chain of attack and all-around accountability system.
US imposes tariffs on China
The United States released the results of the four-year review of the imposition of 301 tariffs on China, and announced that it would further increase tariffs on electric vehicles, lithium batteries, natural graphite, key minerals, photovoltaic cells, semiconductors, port cranes, steel and aluminum, masks, medical gloves and other products imported from China.
[Global Market]
The US stock market index closed above 40000 points for the first time in 139 years
On Friday local time, the three major stock indexes of the US stock market rose and fell at different levels, and the Dow closed above 40000 points for the first time. As of the close, the Dow rose 0.34% to 40003.59, the S&P 500 rose 0.12% to 5303.27, and the Nasdaq fell 0.07% to 16685.97. This week, the Dow rose for five consecutive weeks, and both the S&P 500 index and the Nasdaq index rose for four consecutive weeks.
Qiushui increased its holdings in Google A in the first quarter, and took a long position in Amazon and AMD
In terms of position structure adjustment, Bridgewater has increased the investment weight of technology stocks, while reducing the position proportion of consumer stocks. The largest position of Qiushui Asset Management is the iShares Core S&P 500ETF, which accounts for 5.6% of the portfolio.
OpenAI big model is new, and natural human-computer interaction has taken an important step
The American artificial intelligence company OpenAI demonstrated the new generation flagship generation model GPT-4o at its spring conference.
Financial Capital
The annual return exceeded 20%, and a group of 10 billion fund managers distributed Hong Kong stocks to significantly return blood
Since the Year of the Dragon, Hong Kong stocks have made a big counter attack, and the Hang Seng Index has risen by more than 30%. Since this month, the Hang Seng Science and Technology Index has risen by more than 11%. Many fund managers have achieved good performance returns by virtue of their excellent operations.
Comparable to the "god of stocks", the highest increase of social security fund holding companies exceeded 2500%!
According to the published data, the cumulative yield of social security funds from 2014 to 2022 exceeded 80%, and the Shanghai index rose only half of the former in the same period. The proportion of companies that rose more than 80% in the A-share market in the same period (listed before 2014) accounted for only about 30%, so many investors regarded them as "gods of stocks".
Buffett's latest position announced!
According to the data, by the end of the first quarter of 2024, the top ten positions of Berkshire Hathaway from high to low are Apple, Bank of America, American Express, Coca Cola, Chevron, Western Petroleum, Kraft Heinz, Moody's, Anda Insurance and Davita. The top ten positions account for about 91% of Berkshire Hathaway's positions.
Morgan Stanley: US CPI cooling in April is only the beginning of inflation will accelerate and slow down in the second half of the year
The US Department of Labor disclosed the CPI data in April. The overall CPI increased by 3.4% year on year, in line with expectations, and the month on month growth slowed to 0.3%, slightly lower than the expectation of 0.4%; The more critical year-on-year growth rate of core CPI fell further to 3.6%, which was in line with expectations and the lowest since April 2021.
Industrial Economy
Beijing, Shanghai, Shenzhen official propaganda! The latest announcement of the Ministry of Housing and Urban Rural Development on lowering the housing provident fund loan interest rate
"I bought the house last year, but now the provident fund has been reduced, can I enjoy it?" The central bank cut the personal housing provident fund loan interest rate in the "three consecutive issues" on Friday, which is particularly noteworthy. For the "house slaves" who have already got on the car, whether the stock loans can enjoy the same preferential treatment is their most concerned topic. On May 18, in response to the central bank's policy, housing provident fund centers in many places lowered the interest rate of provident fund loans in succession, and also made a detailed description of existing loans.
Gold price reaches 740 yuan/gram! Gold and silver have gone crazy
Recently, the global market ushered in a wave of "all metal craze". On Friday, gold and silver surged again, the silver price climbed to an 11 year high, and the gold price also rebounded to an all-time high in April. The price of copper in New York and Shanghai Stock Exchanges hit new highs one after another after the epic price of copper in New York. At the weekend, many gold stores quickly raised the retail price of gold. At present, the price of gold jewelry of various domestic brands has reached around 740 yuan/gram, and many gold stores have set new records.
Listed companies actively "seize the beach" in the blue ocean of low altitude economy
According to statistics, a total of 69 A-share companies are listed as low altitude economic concept stocks. In their recently released annual reports, many companies have disclosed their current layout in the field of low altitude economy and their future development strategies in the subdivided industrial chain.
A new round of large super cycle of silver breaking through the 10-year high?
This rise has made silver one of the most outstanding major commodities this year, with a cumulative increase of more than 31%. Since the beginning of this year, the price of precious metals has kept breaking new records. In addition, the prices of energy and industrial metals, such as crude oil, tin and nickel, are also very popular among large categories of assets.
[Company Focus]
Didi's latest voice! Liu Qing is promoted to permanent partner! The company no longer has the position of president
Didi Cheng and Liu Qing issued an internal letter to all staff. It was mentioned in the letter that Cheng Wei decided to promote Liu Qing to the permanent partner of the company. Liu Qing will no longer be the director and president of the company, and the company will no longer set up the position of president in the future. The internal letter mentioned that Liu Qing will continue to serve as the chief talent officer of the company, focusing on the company's talent, organizational construction and social responsibility, and continue to report to the chairman and CEO Cheng Wei.
7 billion in three years! Cao Cao's IPO in Hong Kong is expected to become the 10th listed company of Geely
This week, the official website of HKEx disclosed the prospectus of Caocao Travel Co., Ltd. (hereinafter referred to as "Caocao Travel"). It has only been three days since Geely Group's new energy vehicle brand, Krypton, went public in the United States. According to published reports, there are nine listed companies under Li Shufu and Geely Group
The first IPO result after the new rules! Marco Polo postponed voting
Shenzhen Stock Exchange went to the municipal party committee to hold a meeting to review Marco Polo's IPO application, and according to the results of the meeting, Shenzhen Stock Exchange made a decision to suspend its review.
Several concept stocks listed on the Beijing Stock Exchange have received the annual report inquiry letter!
After the disclosure of the annual report in 2023, a number of new third board companies received the annual report inquiry letter from the national stock transfer companies, many of which are planned to be listed on the Beijing Stock Exchange. In the inquiry letter of the annual report, the business performance of the enterprise has attracted much attention. Many companies have been asked about the reasons for the significant growth or decline of their performance, and the sustainability of Chuda's intelligent business performance growth has attracted much attention.
Apple is developing a thinner iPhone, which is expected to be launched in 2025
This thinner version of iPhone is currently called iPhone 17 Slim in Apple, code named D23, and its price may be higher than Apple's iPhone Pro Max. At present, Pro Max is Apple's most expensive model, starting at $1200.
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Editor in charge: He Junxi
