A-share Evening Hotspot | E-cigarette Welcomes Major New Regulations, Two Directions Receive Attention

1. State Council Issues Document on Cross-border Service Trade Importance: The State Council General Office recently issued the "Opinions on Promoting the High-Quality Development of Service Trade through High-level Opening". The "Opinions" propose: Expanding the cross-border use of the renminbi in the field of service trade, supporting renminbi cross-border trade financing and refinancing. Focusing on the upgrading of consumer demand, promoting the import of high-quality services such as medical health and cultural entertainment. Encouraging the import of technologies and services needed in China, such as energy conservation, environmental protection, and ecological governance, and expanding the export of green energy-saving technologies and services. Promoting the integration of service trade with high-end manufacturing, and introducing specific policies and measures in fields such as biomedicine, aircraft, automobiles, and engineering machinery. Supporting well-known Chinese catering enterprises such as Chinese time-honored brands to internationalize their operations, enhancing the international influence of Chinese catering culture. 2. Ministry of Industry and Information Technology: Implementing Large-scale Equipment Digital Transformation and Updating Importance: To implement the deployment of the National New Industrialization Promotion Conference and the State Council General Office's "Action Plan for the Digital Transformation of Manufacturing", the Ministry of Industry and Information Technology's Consumer Industry Department has drafted the "Implementation Plan for the Digital Transformation of the Light Industry (Draft for Solicitation of Comments)" to continue to promote digitalization to support the "Three Product" action in the consumer goods industry, and accelerate the transformation of the light industry to "intelligence, reform, digitization, and interconnection". It is proposed that by 2027, the digital transformation of key enterprises in the light industry will be basically fully covered, mature and easy-to-use digital solutions will be more widely applied, advanced and applicable digital transformation standards will be more widely implemented, the research and development supply capacity of high-quality and price-competitive intelligent products will be significantly enhanced, and significant achievements will be made in the digital transformation of the light industry. 3. Two Shipbuilding Stocks with a Market Value of Hundreds of Billions to Undergo Restructuring! China CSSC Plans to Absorb China Shipbuilding Industry Importance: On the evening of September 2nd, China Shipbuilding Industry and China CSSC announced that they are planning for China CSSC to absorb China Shipbuilding Industry by issuing A shares to all shareholders of the company, and their stocks will be suspended from trading starting on September 3rd. According to China Securities Journal, market observers believe that this move has at least three significant implications: deepening restructuring and integration, regulating intra-group competition in shipyard assembly businesses, promoting the value preservation and appreciation of state-owned assets; seizing industry opportunities to build a world-class shipbuilding enterprise; and providing high-quality guarantees for building a world-class navy. 4. Regulatory Inspection Launched for Investors Suspected of Illegally Borrowing Securities Accounts Importance: Recently, China Securities Depository and Clearing Corporation initiated an inspection of some accounts suspected of illegally borrowing from January to July to check for market violations. Brokerages need to provide feedback on the inspection. For investors suspected of illegally lending securities accounts, brokerages can list their securities accounts as key monitoring accounts and provide warning education to the investors, specifying the consequences of using securities accounts illegally. It is understood that the inspection is still ongoing. According to the relevant provisions of the Securities Law, no unit or individual may lend their own securities accounts in violation of regulations or use other people's securities accounts to engage in securities trading. Those who lend their own securities accounts or use other people's securities accounts to engage in securities trading shall be ordered to correct, given a warning, and may be fined up to fifty thousand yuan. 5. E-cigarettes to Face Major New Regulations - Two Directions of Focus Importance: The State Tobacco Monopoly Administration issued a notice on revising and issuing the detailed management rules for e-cigarette transactions, stating that it adheres to market-determined prices and establishes a mechanism for determining e-cigarette product prices mainly regulated by the market. Tianfeng pointed out that e-cigarette export volume continues to grow, with significant growth in emerging markets. Key recommendations: CTIHK, SMOORE INTL. Other suggested focuses: 1) Atomization Industry Chain: Shenzhen Yinghe Technology, Jinlong Machinery & Electronic, Wuxin Technology, Shandong Jincheng Pharmaceutical Group, Zhuhai Rundu Pharmaceutical. 2) Tobacco Supply Chain: CHINA BOTON, Shenzhen Jinjia Group (jointly covering with light industry groups), HUABAO INTL, Anhui Genuine New Materials, Shanghai Shunho New Materials Technology, Guangdong DFP New Material Group. 6. Interpretation | A-Line Stocks Experience a Sharp Drop, Focus on Interim Report Data Importance: On September 2nd, A-line stocks experienced a sharp drop across the board. From a graphical perspective, these A-line stocks had been performing relatively well compared to small-cap stocks in the first half of last week, mostly within an upward channel. However, starting in the second half of last week, most of them entered a sell-off mode. So, what exactly happened? According to Securities China, it is obvious that they were influenced by the interim reports. However, based on the 2024 interim report performance, although the profit levels of these stocks have declined, the total net profit is not very poor. However, the cash flow, which measures the quality of net profit, has seen a rare decline. In addition, there are rumors that today's sell-off of these stocks is related to anti-corruption and audits. However, there has been no official announcement. 7. Huawei's Yu Chengdong Announces Revolutionary New Product Importance: On September 2nd, the "Huawei Terminal" Weibo account announced that Huawei will hold the Huawei Extraordinary Brand Ceremony and Harmony OS Smart Mobility New Product Launch on September 10 at 14:30. On the same day, Yu Chengdong posted on Weibo, "Huawei's most leading, innovative, and revolutionary product is here! This is a groundbreaking product that others can think of but cannot achieve. Five years of...". "With persistence and dedication, we have turned science fiction into reality. Stay tuned for Huawei's masterpiece!Many netizens left messages on Yu Chengdong's Weibo asking about the release of a three-fold screen phone, but did not receive a response. In addition, the following news is also worth paying attention to: 8. UBS: It is expected that the policy of lowering interest rates on existing home loans may be implemented within a few months. 9. Non-commodity ETFs saw net inflows for three consecutive months, with national teams entering 12 new broad-based ETFs in the first half of the year. Market Attention: 1. Shanghai is promoting the development of live streaming economy and these A-shares have already made layouts. Shanghai has issued the "Three-year Action Plan for High-quality Development of Live Streaming Economy in Shanghai (2024-2026)". It aims to become an internationally influential center for live streaming economy by 2026. The retail sales of live streaming e-commerce are projected to reach 600 billion yuan, with the scale of various entities in the live streaming economy continuously growing, and form 10 leading live streaming platforms with international competitiveness across the country. Looking ahead, EB Securities pointed out that live streaming e-commerce is still expected to maintain a fast growth rate driven by the unique advantages of live streaming e-commerce, businesses promoting store broadcasts, and AI enabling online live streaming. Several A-share companies have already made layouts for live streaming e-commerce and online marketing, including: Foshan Yowant Technology, Beijing Zhidemai Technology, Inmyshow Digital Technology, Inly Media Co., Ltd, Simei Media, BlueFocus Intelligent Communications Group, Xiamen Jihong Package Technology, among others. In terms of announcements, China CSSC plans to merge with China Shipbuilding Industry, while Kunshan Kersen Science & Technology, which had been on a six-day consecutive upward trend, indicates potential risks.Technology: The company's business of assembling foldable screen hinges for customers is still single, and no revenue has been generated by 2024.2. Zhejiang Tenchen Controls: The seats for the vertical take-off and landing aircraft are still in the development stage and will not generate income in the short term. 3. Guanhao Biotech: There are no significant issues that the company should disclose but has not disclosed. 4. AMSKY Technology: The company's 3D metal printing head is still in the experimental stage, and there is still significant uncertainty in market expansion. 5. WPG (Shanghai) Smart Water Public Co., Ltd.: Shareholders plan to reduce their stake by no more than 1.1419%. This article is selected from "Tencent Self-selected Stocks", Edited by GMTEight: Xiao Shunlan.