October 14th Icelandic politics is divided and there will be elections
Latest Global Major Index
International Crude Price Trend & Exchange Rate of RMB to USD Trend
Domestic News
1. The bond market is gradually stabilizing. The stable operation mechanism of the market needs to be further improved
2. Chinese equity funds witnessed a weekly inflow of nearly $40 billion, setting a record for the second consecutive week
3. Securities Times: Investors should enhance their discernment
4. The Eastern Theater launched the "Joint Sword-2024B" exercise
5. Guangzhi Technology plans to "snakes swallow elephants" to acquire 100% of the shares of Pioneer Electric Technology Co., Ltd., and the stock resumed trading today
International News
1. NATO started its annual nuclear exercise on the 14th
2. The Prime Minister of Iceland announced to dissolve the ruling political coalition and called for early elections
3. Planned assassination? A man with a gun was arrested near a Trump campaign rally
4. Lebanon's Hezbollah made a drone attack on Israel, injuring 67 people
5. Guterres: The Israeli army's attack on UNIFIL may constitute a war crime
Domestic News
1. The bond market is gradually stabilizing. The stable operation mechanism of the market needs to be further improved
Since the end of September, the bond market has undergone a significant correction due to the high sentiment in the equity market. As equity market sentiment calmed down, the bond market gradually stabilized. Looking forward to the market outlook, market analysts said that the current capital has stabilized, and October is the seasonal inflow of wealth management funds, and it is expected that the liability side of wealth management will be more balanced after the second half of the year, which is conducive to stabilizing the allocation demand of the bond market.
2. Chinese equity funds witnessed a weekly inflow of nearly $40 billion, setting a record for the second consecutive week
"In the first week of trading in October, inflows into Chinese equity funds hit an all-time high at a rocketing pace." EPFR, a global funds monitoring platform, wrote in its latest weekly report. This is the second consecutive week of record weekly inflows into Chinese equity funds. In the week ended Oct. 9, all emerging market equity funds tracked by the EPFR saw net inflows of $40.9 billion, a trend led by inflows from China equity funds. China's equity market saw an all-time high of around US$39 billion, including US$30 billion from domestic investors and US$9 billion from overseas investors.
3. Securities Times: Investors should enhance their discernment
Recently, the account of a short video blogger with tens of millions of followers has been blocked, and the stock market remarks of some big vloggers have also been restricted by platforms such as Douyin, Xiaohongshu, and Kuaishou. These financial self-media have previously posted a number of videos or texts, talking about the trend of the stock market, and even directly recommending individual stocks, which has become a typical negative case of related platforms. Especially for new investors, on the one hand, we should establish a correct investment concept, pay attention to the fundamentals of listed companies, and strengthen the improvement of investment literacy; On the other hand, it is also necessary to raise risk awareness and enhance the ability to identify information in noisy voices to prevent it from being harvested by traffic.
4. The Eastern Theater launched the "Joint Sword-2024B" exercise
Senior Colonel Li Xi, spokesman for the Eastern Theater, said that on October 14, the Eastern Theater of the Chinese People's Liberation Army organized the army, navy, air force, rocket force and other forces of the theater to carry out the "Joint Sword-2024B" exercise in the Taiwan Strait, the northern part of Taiwan Island, the southern part of Taiwan Island, and the east of Taiwan Island. This is a powerful deterrent to the "Taiwan independence" separatist forces' pursuit of "independence" and a legitimate and necessary action to defend national sovereignty and national reunification.
5. Guangzhi Technology plans to "snakes swallow elephants" to acquire 100% of the shares of Pioneer Electric Technology Co., Ltd., and the stock resumed trading today
On the evening of October 13, Guangzhi Technology disclosed a major asset restructuring plan, the company intends to purchase 100% of the shares of Pioneer Electronic Technology Co., Ltd. held by all 55 shareholders of Pioneer Electronic Technology Co., Ltd. such as Pilot Rare Materials and Zhongjin Jiatai through the issuance of shares and cash payment, and intends to issue shares to no more than 35 specific investors to raise matching funds. The trading price of the target company has not yet been determined, and the company's shares will resume trading from the opening of the market on October 14, 2024. Pioneer Electric Technology has "prepared" for an IPO, with a previous valuation of more than 20 billion yuan. As of the first half of this year, the total assets of Pioneer Electronics Technology were 15.33 billion yuan, far exceeding the total assets of Guangzhi Technology of 3.514 billion yuan. No matter from the perspective of total assets, profit scale, and valuation level, this acquisition can be described as a "snake swallowing elephant" merger and acquisition.
International News
1. NATO started its annual nuclear exercise on the 14th
NATO Secretary-General Rutte announced on the 10th that the 13 NATO countries will hold an annual nuclear exercise of about two weeks on the 14th. This year's exercise, hosted by Belgium and Netherlands, will feature about 60 aircraft from 13 NATO countries, including F-35A fighter jets and B-52 bombers. A total of about 2,000 military personnel participated in the exercise. According to the Associated Press, the exercise will use eight military bases, and most of the exercise will be held in the North Sea, about 900 kilometers from Russia, in addition to Belgium, Netherlands, United Kingdom and other places. NATO said it would not use any live-fire weapons during the exercises. But according to Reuters, citing NATO officials, participants will simulate a fighter carrying United States nuclear warheads.
2. The Prime Minister of Iceland announced to dissolve the ruling political coalition and called for early elections
Iceland Prime Minister Benedictson announced the dissolution of the ruling coalition on the 13th and proposed to hold parliamentary elections on November 30. According to Iceland media reports, Benedictson said at a press conference on the same day that the ruling coalition could not continue to function due to serious differences within the ruling coalition on issues such as migration and energy policy. He has informed the leaders of the other two parties and plans to meet with President Thomas Dottir on the 14th to seek approval for the dissolution of Iceland's ruling coalition consisting of Benedikson's Independence Party and the left-wing Green Movement and Progressive Party. On April 9 this year, the three parties announced that they had reached an agreement on the formation of a new government, with Benedictonne as Prime Minister. According to Iceland law, parliamentary elections must be held within 45 days of the announcement of the dissolution of parliament.
3. Planned assassination? A man with a gun was arrested near a Trump campaign rally
On October 13, local time, the Sheriff of Riverside County, California, United States, said that on the 12th, a man was arrested near the venue of former United States President Trump in the Coachella Valley in California on the 12th, and the man was armed with a weapon and a fake pass. Local police said the man may have planned to assassinate Trump. Local police said that the man, named Wim·Miller, was found United States illegally possessing a shotgun, a loaded pistol and a large-capacity magazine at around 17:00 Western time on the 12th when he presented a forged pass at a security checkpoint and was found by the police.
4. Lebanon's Hezbollah made a drone attack on Israel, injuring 67 people
Lebanon Hezbollah issued a statement on the 13th, saying that the organization launched a drone attack on the Israel military camp in Binyamina in northern Israel on the same day. Israel's military and first aid groups said 67 people were injured in the drone strike. Lebanon's Hezbollah-owned Lighthouse TV reported that Hezbollah launched a drone attack on the Golani Brigade training camp in Binyamina on the same day. The operation was in retaliation for Israel's attacks, particularly on the Lebanon capital, Beirut.
5. Guterres: The Israeli army's attack on UNIFIL may constitute a war crime
On October 13, local time, the spokesman of the United Nations Secretary-General issued a statement on the United Nations Interim Force in Lebanon. UN Secretary-General António Guterres paid tribute to UNIFIL's dedicated personnel in the context of ongoing hostilities in southern Lebanon and despite attacks on UN positions over the past few days, which have resulted in the injury of several peacekeepers, the statement said. Guterres reaffirmed the need to guarantee the safety of United Nations personnel and property and the need to respect the inviolability of the United Nations unconditionally at all times. UNIFIL personnel must not be targeted, and attacks on peacekeepers are contrary to international law and international humanitarian law and may amount to war crimes.
Domestic Macro Economy Index
