Today's headlines
2023 imported online game approval information released $TENCENT (00700.HK)$,$NTES-S (09999.HK)$,$BILIBILI-W (09626.HK)$,$XD INC (02400.HK)$27 games from other companies were approved
On March 20, the National Press and Publication Administration released the approval information for imported online games in 2023. A total of 27 games were approved. Among them, “Shine!” operated by Bilibili Games such as “Good Looking Girl”, “Good Dance Company: National Party” operated by NetEase, “Dance Company: National Party” by Tencent, “Mecha Team” by Crawling Dream World, “The Legend Mage” by Shindong, and “Fairy Tail: Fierce Battle” and “Magic Card Girl Sakura: Key to Memories” are on the list.
According to statistics on imported game versions over the past three years, the number of imported versions issued in 2020 was 97 throughout the year, dropped sharply to 76 in 2021, and dropped to 44 in 2022. Zhang Yi, CEO and chief analyst of Ai Media Consulting, told reporters that the 2022 imported game version was only issued once. This year's imported game version number was announced in March, which indicates that imported game numbers may be issued again this year. Whether in terms of frequency or quantity, version number distribution has stabilized.
General outlook
The crisis in the US banking system weighs on Goldman Sachs and expects the Fed not to raise interest rates this week
Overnight, when US stocks closed, the Dow rose 382.60 points, or 1.20%, to 32244.58 points; the NASDAQ rose 45.02 points, or 0.39%, to 11675.54 points; and the S&P 500 index rose 34.93 points, or 0.89%, to 3951.57 points. The Hong Kong stock ADR index rose. On a proportional basis, it closed at 19187 points, up 186.56 points or 0.97% from the Hong Kong closing market.
Goldman Sachs said the Federal Reserve is not expected to raise interest rates this week due to pressure from the banking system. “Federal Reserve Microphone” Nick Timiraos wrote that under the current circumstances, the Federal Reserve is facing a difficult decision on whether to raise interest rates, and Fed officials must balance concerns about inflation with new concerns about the spillover effects of turmoil in the banking industry.
Hot preview
State Assets Administration Commission: Stronger encouragement and support for central military enterprises to become stronger, better and bigger
On March 20, the Party Committee of the State Assets Administration Commission held an expanded meeting. The meeting emphasized more vigorous encouragement and support for central military enterprises to become stronger, better and bigger, guide central enterprises to actively support the construction of a national defense force based on their ability, and help maximize the country's strategic capabilities. Involving Hong Kong stocks$AVICHINA (02357.HK)$,$COMEC (00317.HK)$and other military enterprises.
After the major central banks set up dollar swap agreements, the market is not currently snapping up dollars
After central banks around the world joined forces with the Federal Reserve to ease the supply of dollars, there was no rush to buy dollars in the market. This indicates that the recent round of banking turmoil may not put excessive pressure on the financial system.
Alan Ruskin, chief international strategist at Deutsche Bank, said the rush to inject liquidity into the monetary system is “the clearest sign” of financial pressure and is clearly not good for the US dollar. “The Federal Reserve has expanded its balance sheet but has been slow to resolve potential financial problems. This is one of the worst results the dollar has faced,” Ruskin said. Earlier, the Federal Reserve and five other central banks announced coordinated actions on Sunday to enhance the supply of dollar liquidity and ease the increasing pressure on the global financial system. “Given the crisis of trust triggered by the Silicon Valley banking issue, which will have a long-term structural impact on the US banking system, we tend to take a bearish stance on the US dollar,” he wrote in a report to clients.
Analyst: Deutsche Bank's CDS price spread exceeds UBS, be careful it's the next Credit Suisse
Although the European banking industry's negative coverage did not focus on Deutsche Bank, the credit bond market did not forget it. The bank's 5-year credit default swaps had the highest single-day volatility in the European banking industry, and the spread widened even more than UBS. The price spread of Deutsche Bank CDS over the past month was almost the same as that of UBS. The bank's revenue has declined quarterly for most of the past ten years, and German banking regulator BaFin criticized its anti-money laundering controls. However, the investment bank's performance has rebounded in the last two years, and both revenue and profitability have improved. However, in the rebound in European bank stocks that began last summer, Deutsche Bank's trend lagged behind its peers, and the net market ratio was also very low. Although the risk of spread is far lower than it was in 2008, it is by no means entirely absent. And the spread of panic isn't always entirely logical: UBS's tier-1 capital adequacy ratio is higher than Deutsche Bank's.
Hong Kong Securities Regulatory Commission: Market operations were generally smooth on the first day of implementation of the Hong Kong stock real-name system
Leung Chung-yin, executive director of the Market Supervision Department of the Hong Kong Securities Regulatory Commission, said that on the first day of implementation of the Hong Kong stock real-name system, market operations and systems were generally smooth. In addition, Leung Chung-yin mentioned that the Swap Connect has generally completed preparations, and it is hoped that the launch date will be implemented as soon as possible; he also expects to complete the treasury bond futures work as soon as possible and inform the market about the launch time.
The number of passengers on the Hong Kong-Zhuhai-Macao Bridge exceeded 100,000 on weekends and hit a three-year high
I learned from the Hong Kong-Zhuhai-Macao Bridge border checkpoint that over the past weekend, 100,000 visitors came and went through the Hong Kong-Zhuhai-Macao Bridge Zhuhai Highway Port, setting a new record for the highest number in 3 years. Group tourist passenger flow is the main factor in the current sharp increase in port passenger traffic. Wang Shaoxin, general manager of a travel company in Macau, explained, “The classic tourist routes from Zhuhai to Hong Kong via the Hong Kong-Zhuhai-Macao Bridge and then from Hong Kong to Macau via the Bridge are very popular. On average, our company receives about 2,000 to 3,000 visitors from all over the country every day.” Involves the Macau tourism sector.
Tencent's 2022 R&D Big Data Report: R&D personnel accounted for 74%, and more than 7,000 new R&D projects were added
Tencent Holdings released the “2022 Tencent R&D Big Data Report”. According to the “Report”, the proportion of Tencent's internal R&D personnel reached 74% in 2022. In 2022, Tencent added more than 7,000 new R&D projects, an increase of 19.8% over the previous year; added 2.94 billion lines of code, added 210,000 new code libraries, and submitted 127,000 codes per day. In 2022, Tencent completed an average of 8050 requests per day. The average planning time for each iteration was 15 days, and the average number of completed requirements per iteration was 25. Of these, 35% of the requirements could be posted online in one day, and 70% of bugs were resolved within two days.
Food and beverage consumption is heating up,$HAIDILAO (06862.HK)$Sales of live streaming exceeded 100 million yuan in three days
On March 20, the reporter learned from Haidilao that from March 17 to 19, Haidilao launched the official live broadcast of the “320 Birthday Carnival” on the Douyin platform. During the event, the official live broadcast revealed 140 million yuan, with sales exceeding 100 million yuan. It ranked first on Douyin's official live streaming group shopping and delivery list, making it the first brand to break 100 million yuan on Douyin's official live broadcast.
$SUNNY OPTICAL (02382.HK)$Announcing annual results, profit attributable to shareholders of $2,408 million decreased by 51.73% year-on-year, and final interest of HK$0.5 per share
Shunyu Optical Technology announced its annual results for the year ended December 31, 2022. The group obtained revenue of RMB 33.197 billion (same unit below), a decrease of 11.47% over the previous year; the profit attributable to the company's shareholders was $2,408 million, a decrease of 51.73% over the previous year; the basic profit per share was 220.26 points, and a final dividend of HK$0.5 per share was proposed.
Individual stocks are slightly sunny
$GUSHENGTANG (02273.HK)$: Announced the acquisition of two stores in Jiangsu
The company acquired 100% of the shares of Kunshan Mingtai Clinic and the Wuxi Li Tongfeng Hospital of Traditional Chinese Medicine. The purchase consideration was 16.2 million yuan and 23 million yuan respectively, and continued to encrypt the layout of stores in Jiangsu.
Among them, Kunshan Mingtai was sold and bought back in 2019 due to unmet revenue standards. Li Tongfeng of Wuxi is a century-old brand inherited from the Qing Dynasty, and its resources for attending medicine and medicine are outstanding. The six acquisitions and self-built operations of the company in fiscal year 2022 were all after May. This acquisition is another two new acquisitions within the company in 2023, following the addition of Hangzhou Gushengtang Chinese Pharmacy and Shanghai Qiancheng Nursing Home. Haitong Pharmaceutical Research believes it marks a return to the company's post-epidemic acquisition pace, which is expected to contribute quickly to the full year's performance.
The policy promotes an increase in the supply of traditional Chinese medicine resources at the primary level. The top-level design “14th Five-Year Plan” of Traditional Chinese Medicine Development Plan and the “14th Five-Year Plan of Action for the Grassroots Traditional Chinese Medicine Service Capacity Enhancement Project” guide the development direction of traditional Chinese medicine medical services, clearly encourage social forces to organize traditional Chinese medicine medical institutions at the grassroots level, support enterprises to set up chains of traditional Chinese medicine medical institutions, and guide the coverage rate of county-run traditional Chinese medicine medical institutions to increase from 85.86% in 2020 to 100% in 2025.
Kunshan is a county-level city managed by Suzhou. The agency believes that the company's acquisition of Kunshan Mingtai will continue to develop the traditional Chinese medicine chain in line with the policy direction and develop steadily under policy dividends.
edit/new