Pre-market report on A-shares | Major news in Beijing real estate market, catalyst for low-altitude economy

Morning heavyweight news quick view 1. The Ministry of Finance has allocated the debt limit of 6 trillion yuan to various regions, and some provinces have already started issuing debt. Importance: Officials from the relevant departments of the Ministry of Finance stated that they are formulating a plan to allocate part of the new local government debt limit for the next year in advance. In terms of the substitution of stock implicit debt, the Ministry of Finance allocated a debt limit of 6 trillion yuan to various regions on November 9, and some provinces have already started issuing debt, speeding up the implementation of policies. 2. Goldman Sachs: Expects MSCI China Index and CSI 300 Index to rise by 15% and 13% respectively by 2025. Importance: Goldman Sachs released a report stating that the MSCI China Index and CSI 300 Index are expected to rise by 15% and 13% respectively by 2025, mainly due to the moderate valuation increase of earnings per share. From an industry perspective, Goldman Sachs advocates including the consumer sector in portfolios and upgrading ratings for the healthcare and brokerage sectors. 3. The CS A500 index product has another major news, the second batch of CS A500 index enhanced funds approved. Importance: On November 18th, 9 fund companies including GF, Fuguo, and China Merchants officially received approval for the CS A500 index enhanced funds, following the approval of the first batch of 4 CS A500 index enhanced funds on October 18th. In addition, Penghua CS A500 index fund also received approval on the same day. 4. Liu Yonghao makes a move! China Minsheng Banking Corp., Ltd. discloses plans for the former largest shareholder to increase holdings to over 5%. Importance: China Minsheng Banking Corp., Ltd. disclosed that New Hope Liuhe Chemical and others plan to make a tender offer for the bank. This is the second instance this year of a bank being targeted for a tender offer. After the tender offer is approved, New Hope Liuhe will become the fourth largest shareholder of China Minsheng Banking Corp., Ltd. Against the backdrop of the overall strength of bank stocks driven by favorable policies, such a tender offer is seen as a manifestation of shareholder confidence. Financial Calendar Zhixuange reminded that there are no new stock subscriptions and listings in Shanghai and Shenzhen today. 1. The World Internet Conference Wuzhen Summit is held. Opportunities in advance Zhixuange sorted out investment opportunities that the market is paying attention to and discovered that weight loss pills, solid-state batteries, and liquid cooling are receiving attention. 1. Beijing cancels the distinction between ordinary housing and non-ordinary housing standards, increasing tax incentives for housing transactions. On the evening of the 18th, the Beijing Municipal Housing and Urban-Rural Construction Commission, the Municipal Finance Bureau, and the Beijing Municipal Taxation Bureau jointly issued a notice announcing the cancellation of the distinction between ordinary housing and non-ordinary housing standards, effective from December 1, 2024. Analysis: Soochow believes that the real estate market has undergone sufficient adjustments and stabilizing the real estate market does not mean standing against new productive forces. With cyclical rules supplemented by policy determination, the industry achieving its stability goals is worth looking forward to, emphasizing the importance of sector investment opportunities. 2. Tesla's stock price rises by over 5%, news reports suggest that the Trump administration plans to relax regulations on autonomous driving vehicles. Tesla's stock price surged by over 5% on Monday, following reports that the Trump transition team plans to create a federal framework to regulate autonomous driving vehicles, which is the top task of the US Department of Transportation. Analysis: Opensource Securities believes that by 2026-2028, the cost per kilometer of Robotaxi will be comparable to traditional ride-hailing cars. If the technology matures and regulatory approval is smooth, a commercial operation by Tesla is feasible, and progress in Robotaxi and high-level autonomous driving industries is advised to be monitored. 3. The Central Air Traffic Management Commission will conduct eVTOL trials in six cities, institutions optimistic about the field of air traffic control systems. At the 2024 International Electric Aviation (Kunshan) Forum, Sun Weiguo, Director of the General Aviation Business Division and the UAV Working Committee of the China Air Transport Association, revealed that the Central Air Traffic Management Commission will soon conduct eVTOL trials in six cities. Analysis: Sealand believes that judging from the landing rhythm, the air traffic control system is expected to be the first to land in low-altitude infrastructure construction. The current peripheral equipment has mature industrial models; information system construction is expected to land the fastest, and traditional air traffic control field manufacturers have first-mover advantages. Market Outlook CMSC: Blue-chip style is expected to return in the last two months CMSC believes that after the previous small and medium styles held the advantage, with the small and medium styles fully recovering, the probability of the small and medium styles continuing to hold the advantage decreases, and the blue-chip style is expected to return in the last two months. In terms of industry selection, it is recommended to focus on areas that are expected to benefit from policy catalysis and improved performance expectations or higher growth rates, specifically involving electronics (consumer electronics, semiconductors), computers (computer equipment), home appliances (white goods, home appliance components, kitchen and bathroom appliances, etc.), automobiles (automotive parts, passenger cars), machinery and equipment (construction machinery, automation equipment) and other industries. On the racetrack selection level, in November, attention is focused on five tracks with marginal improvement: national defense and military industry, automobiles, artificial intelligence, photovoltaics, and consumer electronics. Listed Companies Positive and Negative Announcements On the positive side, Zhixuange prompts attention to China Minsheng Banking Corp., Ltd. being targeted for a tender offer; on the negative side, watch out for Daqian Ecology & Environment Group, which has had 10 consecutive trading halts, indicating potential risks. Positive Announcements 1. China Minsheng Banking Corp., Ltd.: New Hope Liuhe Chemical and its concerted parties plan to make a tender offer for the bank. 2. Beijing Wantai Biological Pharmacy Enterprise: Approval granted for clinical trials of the nine-valent HPV vaccine in males. 3. C*Core Technology: Integrated automotive... (Note: The text seems to be cut off at the end and the translation may be incomplete. Can you provide the remaining text for accurate translation?)New electronic chassis drive control chip product passed internal testing successfully.4. Jiangsu Baoli International Investment: The controlling shareholder signs a share transfer agreement and resumes trading of stocks. 5. Orinko Advanced Plastics: Plans to repurchase company shares in the amount of 50-100 million yuan. 6. Zhejiang Wanliyang: The controlling shareholder plans to increase holdings by no more than 2%. Negative announcements: 1. Daqian Ecology & Environment Group, which has had 10 consecutive daily limit increases, may face the risk of a sharp decline in stock price after a large short-term increase. 2. Doctorglasses Chain: One of the controlling shareholders and specific shareholders plan to collectively reduce their holdings by 1.53%. 3. China Security, which has had 8 consecutive daily limit increases, is involved in a lawsuit with an amount of 287 million yuan. 4. China Security, which has had 8 consecutive daily limit increases, currently has no business related to computing power. 5. Guangxi Yuegui Guangye Holdings, which has had 8 consecutive daily limit increases, has significantly different rolling P/E ratio, static P/E ratio, and P/B ratio compared to the industry average. 6. Wuhan Yangtze Communication Industry Group, which has had 7 consecutive daily limit increases, carries the risk of excessively high turnover rate in its stock. 7. Dr. Peng Telecom & Media Group: The company and the actual controller Yang Xueping received a notice of investigation from the China Securities Regulatory Commission. Lifting list: Judging from the lifting ratio, in the next 5 days, Hangzhou Zhengqiang Corporation will have a lifting ratio of 73.75%. Following that, Ningbo Fujia Industrial and Shanghai Yct Electronics Group have the highest lifting ratios. Overseas markets: As indicated by the author, Nasdaq halted its four-day decline, with Tesla rising more than 5%. Renminbi assets rose, with Chinese concept stocks index rising nearly 2% and offshore renminbi slightly appreciating. Gold futures closed up 1.73% at $2614.6 per ounce, while crude oil futures closed at $69.16 per barrel, up 3.19%. This article is reprinted from "Tencent Stock Selection", edited by Jiang Yuanhua.