"A-share pre-market report | Tesla surges; Ant Group holds shares, obtains credit rating license"

Morning headline news overview 1. Pan Gongsheng makes a major statement! Involving five major work priorities, including monetary policy, financial regulation, and openness to the outside world Importance: Pan Gongsheng, governor of the central bank, stated that efforts will be made to increase the countercyclical adjustment intensity of monetary policy to create a good monetary and financial environment for the stable and high-quality development of the economy; to strengthen patient capital, guide financial capital to invest early, invest small, invest long-term, and invest in hard technology; and to continuously deepen financial reform and opening up, accelerate the construction of a modern financial system with Chinese characteristics. 2. The third personal credit license in the country has been issued! Qiantang Credit officially approved, with Ant Group holding 35% of shares Importance: The People's Bank of China announced the approval of the personal credit business license for Qiantang Credit Co., Ltd. According to previous information, Ant Group holds 35% of shares in Qiantang Credit. Experts believe that the establishment of Qiantang Credit will optimize the layout of the credit market and increase the effective supply of personal credit. 3. The year-on-year growth rates of M1 and M2 both stabilized and rebounded in October, with improvements in short-term and medium-to-long-term new loans for residents Importance: The central bank released financial data for October, with the balance of broad money (M2) increasing by 0.7 percentage points from the end of the previous month, and the balance of narrow money (M1) increasing by 1.3 percentage points from the end of the previous month. Experts believe that the boost in real estate sales, reduced mortgage rates, stock market rebound wealth effect, and other positive factors resonated together, stabilizing the demand for consumer credit for residents. 4. Ministry of Natural Resources: Actively using local government special bonds to increase efforts to reclaim and purchase idle land Importance: The Ministry of Natural Resources issued a notice on the use of local government special bond funds to reclaim and purchase idle land, actively using local government special bond funds to increase efforts to reclaim and purchase idle land, and promote the stable and healthy development of the real estate market. The notice stated that reclaimed and purchased land should generally not be supplied for real estate development in the same year. Financial Calendar Self-picked Brother reminds that there are no new stock subscriptions or listings on the Shanghai and Shenzhen stock exchanges today. 1. Reminder: The 15th Zhuhai Airshow kicks off Future opportunities After reviewing the investment opportunities in the market, Self-picked Brother found that Tesla, commercial aerospace, and low-altitude economy are receiving attention. 1. Continuing its surge! Tesla stock price rises nearly 9%, Wall Street analysts are raising target prices In the U.S. stock market on Monday, Tesla's stock price continued its optimistic trend following Trump's victory. By the end of the trading day, Tesla rose nearly 9%, with a total market value ranking seventh in the U.S. Wedbush analysts reiterated their "outperform" rating on Tesla, raising Tesla's target price from $300 to $400. Comment: Guotai Junan believes that Tesla's plan to accelerate the introduction of new models, including affordable models, will alleviate market concerns about Tesla's sales in the mid-term. Siasun Robot & Automation and FSD open up long-term growth space, and the entire Tesla industrial chain will benefit comprehensively. 2. Big news in commercial aerospace! Long-term development plan for national civil space infrastructure is being formulated Li Guoping, chief engineer of the China National Space Administration, revealed that the China National Space Administration and the National Development and Reform Commission are formulating the "Long-term Development Plan for National Civil Space Infrastructure (2026-2035)" and will reserve space for commercial aerospace to encourage "business potential". Comment: Guotai Junan believes that the acceleration of commercial aerospace will welcome a trillion-level market. Under the current access rules, state-owned enterprises have advantages in operations, while private enterprises are expected to gain cost advantages in the manufacturing end through specialized operations in specific areas. 3. Low-altitude industrial alliance in the Guangdong-Hong Kong-Macau Greater Bay Area officially launched, Guangzhou to legislate for low-altitude economy On November 11, the 2024 Low-Altitude Equipment Industry Innovation and Development Conference was held at the Pazhou Exhibition Hall of Guangzhou's Haizhu District. The low-altitude industry alliance of the Guangdong-Hong Kong-Macau Greater Bay Area was officially established at the conference. Comment: CITIC SEC believes that local governments are actively studying and arranging low-altitude economy from various perspectives such as policy, funds, and industry. From the industrial chain, pay attention to eVTOL manufacturers, infrastructure and operators, key component manufacturers in the industry chain. Future market judgment Guotai Junan: Focus on the remaining hot topics and be alert to differentiation cooling down, focusing on layout around convertible bonds and autonomous controllability Guotai Junan believes that grasp overall market relative returns, focus on convertible bonds, domestic demand, and actively layout for autonomous controllability. With reduced policy divergence, cooling down of thematic differentiation, and slowing turnover; as the deadline approaches at the end of the year, short-term fluctuations and rotation will continue, with a strong preference for large-cap stocks: 1) Overseas results are clear, domestic fiscal strength, future incremental policy direction is clear, beneficial themes include convertible bonds and expanding domestic demand. Recommended industries for convertible bonds optimization are: construction/environmental protection/high-tech innovation. Recommended industries for expanding domestic demand include: retail/HK-listed internet companies. 2) Since the "policy bottom" has emerged, industries with long-term competitiveness and gradual bottoming out and accelerated industry elimination prospects in 2025 have potential turning points, and are also directions for market layout during turbulent adjustment: electronics/automobiles/engineering machinery/new energy. 3) With loose liquidity, telecommunications operators/railways and highways which had mediocre stock price performance earlier are expected to rebound. Positive and negative announcements by listed companies On the positive side, Self-picked Brother suggests paying attention to the strategic cooperation agreement signed between Zhuhai Enpower Electric and EHang Intelligent, and on the negative side, be aware of the risks indicated by Shanghai Highly, which had a 6-day 5-board notice of suspension. Positive Announcement 1. Zhuhai Enpower Electric: Signs a strategic cooperation agreement with EHang Intelligent 2. Cabio Biotech (Wuhan): Intends to acquire 65% equity of Europe Easy Biotech, trading to resume tomorrow 3. Hangzhou Haoyue Personal Care: The company intends to acquire 100% equity of Silkcare for 360 million yuan 4. Hebei Sailhero Environmental Protection Negative Announcement No continuation provided in the text.High-tech: Controlling shareholder's related party intends to increase its shareholding by no more than 5%5. Jiangsu Lianhuan Pharmaceutical: Supervisor increased holdings of 1500 shares of the company. 6. GRG Banking Equipment: Won the bid for a 921 million yuan Agricultural Bank of China self-service equipment project in 2024. 7. Qingdao TGOOD Electric: Controlling subsidiary signed a 528 million yuan charging station sales and service contract. 8. Nextool Technology: Chairman Huang Mingjiu released from custody. Negative Announcements: 1. Shanghai Highly, 5 consecutive trading limit hits: There are no rumors about the company's restructuring discussed in social media. 2. Shanghai Zijiang Enterprise Group, 4 consecutive trading limit hits: Zijiang New Materials is not directly engaged in the production of solid/semi-solid batteries. 3. China Security, 3 consecutive trading limit hits: Currently, the main business of the recently established Yixing project company has not started, and both operating income and profits are zero. 4. iSoftStone Information Technology: Shareholder CEL Bravo plans to reduce their holdings of the company's shares by no more than 1%. Unlocked List: In terms of the unlocking ratio, Suzhou Wanxiang Technology is expected to have an actual unlocking ratio of 85.53% in the next 5 days, followed by Nanjing Vazyme Biotech and ZHONGHUAN CO., LTD. Overseas Market: Selected Brother Reminder, the three major indices continue to hit new highs, with Tesla rising by 9%, and cryptocurrency concepts collectively rising; the assets of RMB show mixed movements, with the China concept index rising by nearly 0.6%, and offshore RMB slightly depreciating; gold futures fell by 2.86% to $2617.7 per ounce; crude oil futures closed at $68.04 per barrel, down by 3.32%. For more overseas information, please click on "US Stock Review". The main content of today's "US Stock Review" includes: 1. The "Trump trade" continues, with the three major U.S. indices hitting new highs; 2. Bitcoin breaking through the $88,000 mark, cryptocurrency concept surging, Jia Nan Technology rising by 41%; 3. Tesla rising by nearly 9%, with a total market value reaching $1.12 trillion. This article is reprinted from "Tencent Self-selection Stocks", Editor: Liu Xuan.