A-share Evening Hotspot | CSRC issues important release! Related to market value management

1. The latest release from the China Securities Regulatory Commission: Listed companies shall take necessary measures to boost investor confidence when necessary Importance: In order to implement the "Opinions of the State Council on Strengthening Regulation, Preventing Risks and Promoting High-Quality Development of the Capital Market" (State Council [2024] No. 10) and further guide listed companies to focus on their own investment value and effectively enhance investor returns, the CSRC has formulated the "Regulatory Guidelines for Listed Companies No. 10 - Market Value Management," which will be implemented from the date of release. The guidelines require listed companies to firmly establish a sense of returning value to shareholders and take measures to protect the interests of investors, especially small and medium investors. 2. Hithink RoyalFlush Information Network's subsidiary receives administrative regulatory measures decision, ordered to rectify within 3 months Importance: Hithink RoyalFlush Information Network announced that its subsidiary, Yurun Software Company, has received the "Administrative Regulatory Measures Decision" from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission. The Zhejiang Regulatory Bureau decided to take administrative regulatory measures to order Yurun Software Company to rectify and suspend the addition of new clients for a period of 3 months. The rumors of "illegal stock recommendations and being investigated" are not consistent with the facts. The subsidiary Yurun Software Company has the qualification for securities investment consultation, and the company and its subsidiaries are not under investigation. 3. Two departments: Export tax rebate rate for photovoltaic and battery products reduced to 9% Importance: The Ministry of Finance and the State Taxation Administration announced that the export tax rebate rate for some refined oil, photovoltaic, batteries, and some non-metallic mineral products will be reduced from 13% to 9%. This announcement will be implemented from December 1, 2024. The export tax rebate rate applicable to the products listed in this announcement shall be determined based on the export date indicated on the customs declaration of the exported goods. 4. CSRC conducts anti-corruption measures! Former Deputy Director of the Issuance Department, Li Xiaoqiang, under investigation Importance: On November 15, the official website of the Central Commission for Discipline Inspection and the National Supervisory Commission announced that Li Xiaoqiang, a former member of the first, second, and third GEM Listing Committee of the CSRC and former Deputy Director of the Issuance Supervision Department, is suspected of serious violations of discipline and law and is currently undergoing disciplinary review by the discipline inspection and supervision team of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at the CSRC and the Supervisory Commission of Suzhou City, Jiangsu Province. 5. Renowned fund managers' latest portfolio adjustments attract attention to investment opportunities in technology companies Importance: With listed companies releasing share repurchase reports one after another, the latest portfolio adjustments of several heavyweight fund products have surfaced. Specifically, E Fund Environmental Protection Theme increased its holding in Jinlei Technology, Xingquan Herun increased its holding in Shijiazhuang Shangtai Technology; Huaxia Industry Prosperity and Huaxia Vision Growth reduced their one-year holdings in Jiangsu Eazytec Co., Ltd., Penghua-Hong Kong Emerging Growth reduced its holding in Jinlei Technology. 6. CSRC conducts on-site inspections of 9 securities firms and fund companies, reports on existing issues Importance: The CSRC recently conducted on-site inspections of 9 operating institutions on the implementation of the "Supervisory and Management Measures for Directors, Supervisors, Senior Management Personnel, and Employees of Securities and Fund Management Institutions," and took regulatory measures against institutions that violated the regulations. From the inspection, it is found that some institutions have insufficient understanding of the measures and deviations in implementation. For example, two fund companies each have two personnel who are actually performing senior management duties without undergoing record-filing for senior management appointments; one fund company has a supervisor concurrently serving as a director of a private equity fund management company, violating duties, etc. In addition, the following news is also worth noting: 7. Three-year anniversary of Northern Exchange, the number of companies increases by more than 210%, and the total market value increases by over 130%. 8. China Securities Co.,Ltd. exposes fraud, 3 research and development department analysts impersonated by illegal individuals. 9. New policy in Guangzhou real estate: Supporting parking spaces and garages can be sold simultaneously with commercial properties. 10. China's top private equity fund reveals "U.S. stock record": the proportion of Chinese concept stocks continues to rise. Furthermore, news from the following: 1. Trump terminates electric car subsidies, which is actually a "great boon" for Tesla. On Thursday local time, it was reported that the transition team of U.S. President-elect Donald Trump plans to cancel the $7500 tax credit consumers can receive when buying electric cars. This subsidy is one of the core measures of President Biden's Inflation Reduction Act (IRA). Wedbush analyst Dan Ives said, "Trump's election as president is generally negative news for the electric car industry, but we believe this is a huge benefit for Tesla." 2. South Korea's largest opposition party leader, Lee Nak-yeon, sentenced to 1 year in prison for alleged violation of the Public Official Election Act According to Yonhap News Agency, on November 15 local time, South Korea's largest opposition party, the People Power Party, leader Lee Nak-yeon was sentenced to a year in prison with a two-year probation for alleged violation of the Public Official Election Act. If the final decision upholds the ruling, Lee Nak-yeon will immediately lose his status as a legislator and will not be able to run for president. 3. Trump nominates multiple defense lawyers to serve as senior officials in the Department of Justice According to reports from CNN and Reuters, on November 14 local time, U.S. President-elect Trump selected three lawyers from his defense team to serve as senior officials in the Department of Justice, including chief attorney Todd Blanche. The 50-year-old Blanche was nominated to serve as Deputy Attorney General of the United States, the second-highest position in the Department of Justice. Blanche, a former federal prosecutor, is a defense lawyer for Trump in the "hush money" case. By reviewing the market's investment opportunities, AI, real estate, and humanoid Siasun Robot & Automation are attracting attention. 1. The AI field is experiencing a collective outbreak, with main forces rushing to allocate stocks. On Friday, the AI sector experienced a collective outbreak.Collective explosion. Data treasure sorted out 19 AI concept stocks that received over 1 billion yuan in main capital inflows throughout the day. Among them, 360 Security Technology Inc., China Greatwall Technology Group had net inflows of over 1 billion yuan, totaling 13.3 billion yuan and 10.11 billion yuan respectively; Doushen(Beijing) Education & Technology Inc., Guangdong Advertising Group, Leo Group Co., Ltd. followed with net inflows of 9.05 billion yuan, 6.85 billion yuan, and 5.18 billion yuan respectively.CITIC SEC released a research report stating that the investment focus of the technology industry will continue to revolve around AI by 2025. With the continuous progress of large models in multimodal and logical reasoning capabilities, AI is expected to be deeply integrated with the digitization transformation of various industries, from computing power infrastructure to end application landing, continuously driving investment in the technology industry. It is recommended to focus on investment opportunities in three directions: AI computing power, application and data, and AI terminal. In addition, the following sectors are also worth paying attention to: 2. Real Estate | Signs of stabilization in housing prices, 70 cities saw an increase in house prices in October 3. Human-shaped Siasun Robot & Automation | The first domestic electric scenario human-shaped Siasun Robot & Automation appeared at the Shenzhen High-Tech Fair In terms of positive aspects, it is advised to pay attention to Mudanjiang Hengfeng Paper's plan to issue shares to purchase 100% equity of Sichuan Jinfeng Paper Industry, and in terms of negative announcements, to pay attention to risks related to Solareast Holdings, which has shown 9 consecutive trading limit down in the past 10 days. Positive announcements: 1. Mudanjiang Hengfeng Paper: Plans to issue shares to purchase 100% equity of Sichuan Jinfeng Paper Industry, trading halted from November 18 2. Nanjing Business & Tourism Corp., Ltd.: Plans to adjust asset restructuring plan, trading halted from November 18 3. Hubei Huarong Holding: Plans for changes in controlling interest, trading halted from November 18 4. Shanghai Awinic Technology: Sold TongFu Microelectronics shares with a total profit of 24.07 million yuan 5. Shenma Industrial: Plans to buy back company shares with 150 million to 300 million yuan 6. Spring Airlines: International capacity in October increased by 122.9% year-on-year 7. Hainan Airlines Holding: Passenger transport volume in October increased by 13.12% year-on-year Negative announcements: 1. Solareast Holdings with 9 consecutive trading limit down: Currently no plan for large-scale promotion of light storage charging station business 2. China Security with 7 consecutive trading limit down in 13 days: Major uncertainties in the follow-up investment and scale of the Yixing project company 3. Doushen (Beijing) Education & Technology Inc.: Abnormal fluctuation in stock trading, AI education product revenue accounts for less than 4% 4. Zhejiang Hengda New Material: Longyou Lianlong plans to reduce company's stake by no more than 2% 5. Jiangsu Hengxing New Material Technology: Shareholders plan to collectively reduce their stake by no more than 2.93% of the company's shares This article was reprinted from "Tencent Self-Select Stocks", Editor: Xu Ran.