Industry

  • State Council: Issued a decision on amending the “Regulations on the Implementation of the Tobacco Monopoly Law of the People’s Republic of China.” “E-cigarettes and other new tobacco products shall be implemented in accordance with the relevant provisions of this Regulation on cigarettes” as Article 65. This decision will come into effect on November 26.
  • Futures Daily: Recently, the tire industry has set off a wave of price increases. The increase in tire prices stems from the sharp rise in raw material prices, especially rubber prices. As of November 25, the main rubber futures contract rose more than 12%.
  • Ctrip, WTTC: The contribution of tourism to global GDP is expected to increase by 30.7% this year, and it will continue to rise by 31.7% in 2022. This year, the overall booking volume of local hotels around the world has surged, and the growth rate has risen to more than 200% compared to 2019; in the first half of the year, domestic natural attractions bookings increased by 265% year-on-year, and the booking volume of national park tickets increased significantly.
  • Ningbo Zhoushan Port: As of 14:29 on November 26, 28.73 million TEUs of container throughput have been completed this year, exceeding the total volume of last year.
  • Bank of America: Driven by global electrification, it may trigger a wave of IPOs in the electric vehicle field that lasts for three years. By 2023, it may raise about 100 billion US dollars. It is estimated that by 2022, the production capacity of the top 10 battery manufacturers will increase nearly twice.

Company

  • Meituan: In the first three quarters, revenue was 48.83 billion yuan, a year-on-year increase of 37.9%; a loss of 99.9 billion yuan was due to fines imposed by the anti-monopoly law. Among them, catering takeaway income was 26.48 billion yuan, a year-on-year increase of 28.0%; store, hotel and tourism income was 8.62 billion yuan, a year-on-year increase of 33.1%; new business and other income was 13.723 billion yuan, a year-on-year increase of 66.7%. As of September 30, the number of annual transaction users was 670 million, and both the data and the number of active merchants hit a record high.
  • Pinduoduo: In the third quarter, revenue was 21.506 billion yuan, a year-on-year increase of 51%; operating profit was 2.139.3 billion yuan. Among them, research and development expenses increased by 34% year-on-year, hitting a new high; marketing expenses showed a downward trend for three consecutive quarters. In the third quarter, the average number of monthly active users was 742 million, a year-on-year increase of 15%.
  • China Securities Network: China General Nuclear Power Group Wind Power Co., Ltd. has completed the capital increase contract signing, introduced 14 strategic investors including the National Social Security Fund, and raised funds of 30.53 billion yuan, setting the largest equity financing project in the domestic new energy power field and many other capital markets Record. Relevant projects released a total of 33% of the equity, mainly used for the development and construction of wind power and photovoltaic reserve projects, and the development of new businesses such as energy storage and power value-added services.

China

  • Staying up late: 80% of young people think that going to bed after 0 o’clock is even if they stay up late, but 69.1% of young people still wait until 0 o’clock before going to bed. Only 5% of young people can go to bed obediently before 23:00. On the whole, first-tier and new-tier late-night players are “leading” in second and third-tier cities. Specifically, in the ranking of staying up late in a single city, Guangzhou people deserve the top spot, followed by Shenzhen people, both in the first echelon.
  • The “Consumption Report of Contemporary Youth” released by Bank of China Consumer Finance and Times Data. In 2021, young consumers under the age of 35 have created a 65% consumption growth, but their average monthly income is around 8,000 yuan. From the perspective of the age distribution of consumer credit loans, the post-90s accounted for 49.3% and the 80s accounted for 31.5%. There are 175 million post-90s in China, of which only 13.4% of young people have no debt, and 86.6% of post-90s have been exposed to credit. product.
  • SAFE: In October, China’s international trade in goods and services revenue was 2.0243 billion yuan, expenditures 1.6381 billion yuan, and a surplus of 386.2 billion yuan, of which the goods trade surplus was 400.4 billion yuan and the service trade deficit was 14.2 billion yuan; at the end of June , China’s foreign securities investment assets (excluding reserve assets) are US$1013.2 billion, of which US$694.9 billion is equity investment and US$318.3 billion is bond investment.

Covid-19

  • The United Kingdom announced that from November 26, six African countries, including South Africa, Namibia, Zimbabwe, Botswana, Lesotho and Swaziland, will be included in the Red List, and at the same time they will suspend flights from these countries into the United Kingdom. The Secretary of Health of the United Kingdom stated that scientists are “deeply concerned” about the new coronavirus variant B.1.1.529, but more research is needed on it. This mutant strain has a large number of mutations and is likely to be more infectious.(B.1.1.529, Omicron)
  • According to a report recently released by Eurostat, under the impact of the covid-19 epidemic, the employment of young people in Europe has been severely affected, with an average unemployment rate as high as 16%. This figure is nearly 6% higher than the average for OECD countries. The unemployment rate among young people in Spain is the highest, at 30.6%, which is five times that of Germany. Young Italians ranked second with an unemployment rate of 29.8%.