Today's Important News Review | Dolphin Investment Research

0708 Dolphin Focus:

🐬 Macro/Industry

1. The central bank announced that it will conduct temporary reverse repurchase or temporary repurchase operations from now on, with a time frame of 16:00-16:20 on working days and an overnight term. The operations will use fixed rates and quantity bidding, with the rates for temporary overnight reverse and repurchase operations being 20bp lower and 50bp higher than the 7-day reverse repurchase operation rate. The purpose of this new tool is to more accurately and effectively adjust the liquidity of the banking system and signal the policy rate adjustments.

2. The China Association of Automobile Manufacturers released data showing that in June, the retail sales of new energy vehicles reached 856,000 units, a year-on-year increase of 28.6% and a month-on-month increase of 6.4%. The domestic retail penetration rate of new energy vehicles in June was 48.4%, an increase of 13.5 percentage points from the 34.9% penetration rate in the same period last year.

🐬 Individual Stocks

1. $XIAOMI-W(01810.HK)

Today, Lei Jun announced on Weibo that the new generation Xiaomi smartphone intelligent factory in Changping, Beijing has officially started operation. The factory has a total investment of 2.4 billion yuan, covers an area of 81,000 square meters, has an annual production capacity of 10 million units, and is mainly used to produce Xiaomi flagship phones. The upcoming Xiaomi MIX Fold 4/Flip foldable screen phone will be produced here and is expected to be released this month.

🐬 Leading Sectors

SSE and SZSE: Footwear, independent power producers and renewable energy power generation companies, oil and gas exploration and production;

SEHK: Electrical components and equipment, building materials, automotive retailers;

US Stocks: Precious metals and minerals, internet content and information, gold.

🐬 Tomorrow's Focus

1. China's M2 money supply annual growth rate.

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