Today's Important News Review | Dolphin Investment Research

0711 Focus of Dolphin:

🐬 Macro/Industry

1. The China Securities Regulatory Commission has approved the application of China Securities Finance Corporation to suspend securities lending and borrowing business, which will be implemented from today. The suspension of securities lending and the overall increase in securities borrowing margin rates to a certain extent help boost market sentiment. Coupled with the positive news of Fed Chairman Powell signaling a rate cut, the stock market collectively closed higher today.

🐬 Individual Stocks

1. XPeng Motors

XPeng Motors rose by over 11%. On the news front, the MONA M03 recently made its global debut and is scheduled to be launched in August, becoming a super star product in the A-class pure electric market. This car, positioned at the 150,000 RMB level, features a low drag design of 0.194 and a range of up to 620 kilometers, highly anticipated by the market for its high cost performance. Additionally, there were previous reports that this car will abandon the use of LiDAR and the autonomous driving system will shift towards a pure visual solution similar to Tesla.

2. Alibaba

After the end of the 618 shopping festival (end of June), Taobao Group held a closed-door meeting for merchants, with frontline business executives participating. Several changes were clearly defined at the meeting and will be officially implemented in the second half of the year. One core change is that Taobao has weakened its absolute low-price strategy, with the search weight system based on "Five-Star Price Power" since last year being weakened and reverted to distribution based on GMV.

🐬 Leading Sectors

Shanghai and Shenzhen: Medical institutions, water and soft drinks, automobile retailers;

Hong Kong Stocks: Medical information services, real estate services, specialty chemicals;

US Stocks: Coal and consumable fuels, silver, tires and rubber;

🐬 Focus Tomorrow

1. China's trade balance in USD terms, China's trade balance;

2. US PPI monthly rate, US PPI annual rate, US one-year inflation rate expectations preliminary value.

Risk disclosure and statement of this article: Dolphin Research Disclaimer and General Disclosure