A-share pre-market report | Brent crude oil drops below 70 US dollars, EU plans to reduce tariffs on electric cars from China

Morning Heavy News Review 1. The EU considers lowering the proposed tariffs on Chinese electric vehicles, with Tesla's tax rate reduced to 8% According to informed sources, the EU is preparing to slightly lower the proposed tariffs on imported electric vehicles from China. The tariff rate for Tesla electric vehicles imported from China will be adjusted from the proposed 9% to slightly below 8%. The Ministry of Commerce stated that China is willing to continue close cooperation with the EU to reach a solution as soon as possible. 2. WuXi AppTec implements its third 10 billion yuan share buyback plan this year, with many companies planning large buybacks WuXi AppTec announced a plan to repurchase shares with its own funds totaling 10 billion yuan, to be cancelled and reduce registered capital after repurchase. On the evening of September 10th, many listed companies, including Double Medical Technology Inc., Vanchip, and Shenzhen S.C New Energy Technology Corporation, announced large buyback plans. 3. International oil prices plunge! Brent crude oil falls below $70 per barrel, major banks' outlook for future oil prices is pessimistic Overnight international crude oil futures settlements saw a significant drop, with Brent November crude oil futures falling below $70 per barrel, hitting a new low since December 2021. Citigroup predicts that by 2025, with oversupply in the market, oil prices could fall to around $60 per barrel. 4. Delayed retirement reform decision submitted for review, experts: allowing workers to choose retirement plans autonomously The Standing Committee of the Fourteenth National People's Congress reviewed the resolution on implementing a gradual increase in the statutory retirement age. Experts stated that the retirement reform should be carried out on a voluntary and flexible basis, allowing workers to autonomously choose retirement plans that suit their work and life. Financial Calendar There are no new stock subscriptions on the Shanghai and Shenzhen stock markets today, with the listing of new stock Huihan shares. Reminder: US CPI data for August will be released today. Early Opportunities Analysis of investment opportunities shows that commercial spaceflight, agricultural machinery, and autonomous driving are receiving attention. 1. SpaceX crewed spacecraft launches, marking the first commercial spacewalk in human history On September 10th, SpaceX's "Dragon" spacecraft launched into space to carry out the "Polaris Dawn" space mission, carrying four American non-professional astronauts to space. The "commercial astronaut team" also plans to conduct the first commercial spacewalk. Commentary: Huaxi believes that commercial spaceflight has great development potential, a large market scale, and a fast growth rate, with a solid foundation in policies and launch capabilities, presenting good development opportunities. 2. Three ministries push to scrap and renew old agricultural machinery, agricultural machinery industry demand expected to be released The Ministry of Agriculture and Rural Affairs and three other ministries recently released a supplementary notice on intensifying efforts to implement the agricultural machinery scrapping and renewal subsidy policy, expanding the scope of scrapping subsidies. Provinces are allowed to add up to 6 types of agricultural machinery into the scrapping subsidy scope in addition to the 9 previously specified types. The notice also proposes raising scrapping subsidy standards, for example, increasing the maximum scrapping subsidy for scrapping tractors below 20 horsepower from 1,000 yuan to 1,500 yuan per unit. Commentary: Debon Securities believes that the Chinese agricultural machinery market has been in a long-term moderate upward trend, with the increasing demand for replacing outdated machinery due to labor shortages in the future, providing continuous growth opportunities. 3. Huawei ADS 3.0 upgrade for Hongmeng Intelligent Drive's first coupe SUV opens for pre-sale in September At the Huawei See Extraordinary Brands Summit and the Hongmeng Intelligent Drive new product launch event, Huawei's Executive Director, Chairman of the Terminal Business Group, and Chairman of the Intelligent Automotive Solutions Business Unit, Yu Chengdong, announced that starting tomorrow, Hongmeng Intelligent Drive will be upgraded to HUAWEI ADS 3.0. Commentary: Open Source Securities believes that with continuous improvements in policies and regulations, iterative advancements in smart driving technology, and the gradual maturity of commercial applications, the unmanned driving industry is expected to see accelerated development and suggests paying close attention. Market Outlook BOC International: Market styles seek balance, tech stocks and cyclical stocks expected to see recovery BOC International believes that based on high-frequency data, domestic demand in the third quarter may still be weak, with real estate and consumption being the major factors restricting domestic demand. It is necessary to closely monitor the timing and strength of domestic policy reinforcement during the year. Short-term excess returns in the dividend direction may converge, and the expected Fed rate cut at the end of September is expected to open up domestic monetary policy space, with stabilized market risk appetite, tech stocks catalyzed by the AI industry chain, or cyclical stocks driven by stable growth expectations may see a phased recovery. Listed Company Positive and Negative Announcements In terms of positive announcements, attention is drawn to BYD Company Limited's increase in holdings by executives, while on the negative side, Global Top E-Commerce's 4 consecutive days of trading suggests risks. Positive Announcements 1. BYD Company Limited: Several executives and key personnel have cumulatively increased their holdings by 142,000 shares of the company's A shares. 2. Maanshan Iron & Steel: Controlling shareholders plan to increase their holdings by 150 million to 300 million yuan of the company's shares. 3. Vanchip: Plans to repurchase shares worth 100 million to 150 million yuan. 4. Union Optech: A subsidiary's project has been designated with a 216 million yuan contract. 5. Beijing Philisense Technology: Signed a 208 million yuan daily operation contract. Negative Announcements 1. Global Top E-Commerce: Uncertainty remains regarding whether the company is entering a pre-arrangement or arrangement procedure. 2. Improve Medical Instruments: A subsidiary company's business is not included in the announcement.Development and application of human embryonic stem cells, gene diagnosis and treatment technologies3. Poly Plastic Masterbatch: Subsidiary Yaokel's mass production of COFs materials has not yet formed bulk sales and achieved profitability. 4. Jiangsu HHCK Advanced Materials: New Trend Venture Capital intends to reduce its shareholding in the company by no more than 2.8%. 5. Tianjin Jiuri New Materials: Some directors and senior executives plan to reduce their shareholding in the company. Unlocking list In terms of the unlocking ratio, in the next five days, Jinsanjiang (Zhaoqing) Silicon Material's actual unlocking ratio reaches 71.42%, followed by Zhejiang Huilong New Materials and Guangzhou Hexin Instrument. Overseas markets Overnight, the US stock market was mixed, with the Nasdaq rising by over 0.8% and Oracle rising by over 11% to a new high since its listing. In other markets, COMEX gold futures rose by 0.41% to $2543.10 per ounce; light crude oil futures for October delivery on the New York Mercantile Exchange closed at $65.75 per barrel, a decrease of 4.31%; and Brent crude oil futures for November delivery closed at $69.19 per barrel, a decrease of 3.69%. This article is reprinted from "Tencent Stock Selection", GMTEight editor: Xu Wenqiang.