September 29th, Key Economic and Political Updates
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International Crude Price Trend and Exchange Rate of RMB to USD Trend
Domestic News
1. Governor of Henan Province: It is necessary to focus on stopping the decline and stabilizing real estate market, and strengthen the promotion of trade-in and the acquisition of existing commercial housing
2. Changjiang Securities: Banking, real estate, construction and non-banking sectors may be more likely to benefit from the valuation improvement plan of the company
3. The Hainan Provincial Government signed a strategic cooperation agreement with CATL
4. Cui Dongshu, Secretary-General of the Passenger Association: Chinese cars will not be "stuck"
5. China's scientific researchers have developed a new technology of solar energy "lithium extraction from salt lakes".
International News
1. The Chief of the General Staff of the Israeli Army said that they would continue to fight against the Hezbollah
2. The Houthi movement in Yemen mourned Nasrallah, the leader of Lebanon Hezbollah
3. A shooting incident occurred in Georgia, United States, resulting in 1 death and 2 injuries
4. The battle plan of the northern front of the Israeli army was approved
5. Supreme Leader of Iran: Zionism cannot influence the strong structure of Hezbollah
Domestic News
1. Governor of Henan Province: It is necessary to focus on stopping the decline and stabilizing real estate market, and strengthen the promotion of trade-in and the acquisition of existing commercial housing
According to the Henan government network, on September 28, Wang Kai, Governor of Henan Province, went to Zhengzhou City to supervise the economic operation work and presided over a symposium to study and deploy key work. Wang Kai stressed that it is necessary to focus on the stabilization of real estate, strictly control the increment of commercial housing construction, optimize the stock, improve the quality, increase the loan delivery of "white list" projects, win the battle to ensure the delivery of housing, strengthen the promotion of the old for the new and the acquisition of the stock of commercial housing, and actively build a new model of real estate development.
2. Changjiang Securities: Banking, real estate, construction and non-banking sectors may be more likely to benefit from the valuation improvement plan of the company
According to the special report released by Changjiang Securities, sectors such as banking, real estate, construction and non-banking may be more likely to benefit from the valuation improvement plan of net-breaking companies. As of September 27, 2024, there are a total of 238 long-term net-breaking companies in the A-share market, and from the perspective of industry distribution, there are more long-term net-breaking companies in banking, real estate, construction, transportation, steel and other industries, benefiting from a series of policies such as RRR and interest rate cuts, reducing stock mortgage interest rates, etc., among which real estate, construction, non-banking and other industries are expected to become hot spots in the market in the fourth quarter of this year.
3. The Hainan Provincial Government signed a strategic cooperation agreement with CATL
On September 28, the Hainan Provincial Government and CATL signed a strategic cooperation agreement in Haikou. According to the agreement, the two parties will fully integrate their respective advantageous resources, focus on the two "carbon" goal, carry out cooperation in the development and utilization of green energy, the construction and application of new energy storage, the electrification of the transportation field and infrastructure planning and construction, and actively explore cooperation in the fields of energy innovation platform projects, new energy battery recycling business, interactive cooperation of key enterprises, and new energy industry funds, so as to jointly build a demonstration model of carbon peak and carbon neutrality with national and global influence.
4. Cui Dongshu, Secretary-General of the Passenger Association: Chinese cars will not be "stuck"
The 2024 World New Energy Vehicle Conference was held in Haikou, Hainan Province from September 27 to 29. Cui Dongshu, Secretary-General of the National Passenger Association, delivered a speech at the forum, pointing out that the development of global new energy vehicles is in a period of rapid change, and China plays an important role in this change. Cui Dongshu believes that Chinese cars will not be "stuck", because China's supply chain has a super strong consumer electronics soil.
5. China's scientific researchers have developed a new technology of solar energy "lithium extraction from salt lakes".
According to Nanjing University, Zhu Jia, a professor at the university, and Chen Jun, an academician of the Chinese Academy of Sciences, have successfully extracted high-purity lithium salts from salt lake brine efficiently and environmentally friendly by imitating the transpiration process of saline plants, which is expected to help the green and high-quality development of China's plateau salt lake lithium industry. The international academic journal Science published the relevant results on the 27th. It is understood that the team plans to carry out pilot and industrial tests on the plateau in the next stage, further optimize the design of the device according to the different physical and chemical characteristics of various salt lakes on the plateau, and strive to form a practical salt lake lithium mine production line as soon as possible with the support of many parties.
International News
1. The Chief of the General Staff of the Israeli Army said that they would continue to fight against the Hezbollah
On the afternoon of September 28, local time, the Chief of the General Staff of the Israel Defense Forces, Halevy, said that the Israel military will continue to fight the Lebanon Hezbollah to eliminate the threat it poses to Israeli civilians. Halevi said Hezbollah’s leader Nasrallah was killed because "he was trying to destroy Israel." Halevi also said the Israel Defense Forces are on high alert on all fronts, both defensive and offensive. Israel is determined to continue to destroy the Hezbollah. Halevi added that the Israeli army still has tasks on other fronts, including military operations in the Gaza Strip and the return of Israeli detainees.
2. The Houthi movement in Yemen mourned Nasrallah, the leader of Lebanon Hezbollah
On September 28, local time, after the death of Lebanon Hezbollah leader Nasrallah in an airstrike, the "Supreme Political Council" of the Yemen Houthis issued a statement to mourn Nasrallah. "The resistance will not be crushed, and the spirit and support of the Lebanon brothers will grow stronger and stronger," the statement said. ”
3. A shooting incident occurred in Georgia, United States, resulting in 1 death and 2 injuries
On September 28, local time, a shooting occurred in a gun shop in the suburbs of Atlanta, Georgia, United States, and an armed gunman exchanged fire with the police. As a result of the incident, the gunman was killed and 2 police officers were injured.
4. The battle plan of the northern front of the Israeli army was approved
According to Israel military sources, at this afternoon, Israeli Chief of General Staff Al-Halevi concluded a security situation assessment meeting at the headquarters of the Israeli Northern Command and approved the relevant military action plan. There are no further details at this time, though.
5. Supreme Leader of Iran: Zionism cannot influence the strong structure of Hezbollah
Iran's Supreme Leader Khamenei said the ruling terrorist group in the Zionist regime had not learned from its year-long criminal war in Gaza. Let the Zionist criminals know that they are insignificant and incapable of causing any significant damage to the powerful structures of the Lebanon Hezbollah. All resistance forces in the region are fighting alongside and supporting Hezbollah. The fate of the region will be decided by the resistance, led by Hezbollah.
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