February 29th Macroeconomic Index: China Adds 14 New IPOs, Raises Over 11.8 Billion Yuan, and Guangdong Focuses on Economic Efficiency

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Domestic News

1. China Association for Public Companies: In January, 14 new IPO listed companies were added to the domestic market, and the total amount of IPO funds raised exceeded 11.8 billion yuan

2. The Standing Committee of the Guangdong Provincial Party Committee held a meeting to study the work of increasing profit and efficiency, promoting consumption and reducing costs

3. Ningbo's left first co-ownership houses were put on sale, and about 500 houses were launched

4. HNA Aviation Beijing Operation Control Center was officially put into operation

International News

1. Turkey's Bosphorus Strait is suspended shipping due to heavy fog

2. Japan's Tokyo Electric Power Company launched the fourth batch of Fukushima nuclear contaminated water discharge into the sea, and the Ministry of Foreign Affairs responded

3. The Popocatepetl volcano in Mexico erupted, and a yellow alert was issued locally

4. Brazil imposes provisional anti-dumping duties on non-surgical latex or PVC gloves in China                                                                                                                                                                                                                                                                                                      

Domestic News

1. China Association for Public Companies: In January, 14 new IPO listed companies were added to the domestic market, and the total amount of IPO funds raised exceeded 11.8 billion yuan

The CAPCO (China Association of Public Companies) released its monthly statistical report for January. According to the data, as of January 31, 2024, there were 5,358 listed companies in the domestic stock market, including 2,268, 2,847 and 243 companies on the Shanghai, Shenzhen and Beijing stock exchanges respectively. According to the statistics of share types, there are only 5,125 A-share companies, 11 B-share companies, and 222 A+B, A+H and other multi-share companies. In January, 14 new IPO companies were added to the domestic market, raising a total of more than RMB11.8 billion, and 2 companies were delisted. According to statistics, there are 1,692 listed companies in major overseas markets.

2. The Standing Committee of the Guangdong Provincial Party Committee held a meeting to study the work of increasing profit and efficiency, promoting consumption and reducing costs

On the morning of February 28, the Standing Committee of the Guangdong Provincial Party Committee held a meeting, and Huang Kunming, Secretary of the Provincial Party Committee, presided over the meeting and delivered a speech. The meeting pointed out that it is necessary to coordinate the expansion of domestic demand and deepen the supply-side structural reform, coordinate the development of the economy and improve people's livelihood, and solidly promote high-quality development. It is necessary to encourage and guide the trade-in of consumer goods, study more targeted and stronger policies to promote consumption, coordinate and support all links of the whole chain, and promote the development of the "replacement + recycling" logistics system and new model, so that consumers can benefit, promote industrial transformation and upgrading, further expand domestic demand, and stabilize the economy.

3. Ningbo's left first co-ownership houses were put on sale, and about 500 houses were launched

The Ningbo Housing Security and Housing Expropriation Management Center recently issued the "Announcement on the Sales of Surplus Housing with Shared Property Rights in the Heyue Bay Project". Heyue Bay is the first co-ownership housing project in Ningbo, with a total of about 500 units launched this time, with an average sales price of 16,502 yuan per square meter.

4. HNA Aviation Beijing Operation Control Center was officially put into operation

According to the official WeChat message of Liaoning Fangda Group, in order to ensure the continuous, stable and reliable role of the aviation operation command system and prevent the interruption caused by force majeure factors, HNA Airlines, a subsidiary of Liaoning Fangda Group, led Hainan Airlines, Capital Airlines and Grand China Airlines to set up a special working group to build the Beijing Operation Control Center of HNA Aviation (hereinafter referred to as "Beijing AOC"). After site selection, drawing design, and construction, Beijing AOC has completed the relocation and successfully put into trial operation on January 28, 2024.

International News

1. Turkey's Bosphorus Strait is suspended shipping due to heavy fog

On February 28, local time, the Turkish Coast Security Directorate issued a statement that due to heavy fog, two-way shipping in the Bosphorus Strait was suspended that day, which connects the Black Sea and the Mediterranean, and one of the world's busiest maritime trade lanes and one of the world's most important seaborne oil shipping routes.

2. Japan's Tokyo Electric Power Company launched the fourth batch of Fukushima nuclear contaminated water discharge into the sea, and the Ministry of Foreign Affairs responded

Foreign Ministry Spokesperson Mao Ning held a regular press conference. A reporter asked, according to reports, today (February 28), Japan's Tokyo Electric Power Company launched the fourth batch of Fukushima nuclear contaminated water discharge, which is expected to last until March 17, and plans to discharge about 7,800 tons of nuclear contaminated water. And the reporter hopes Mao Ning make comments on this. In this regard, Mao Ning said that in disregard of the concerns and opposition of the international community, Japan has discharged more than 23,000 tons of Fukushima nuclear-contaminated water into the ocean without authorization, passing on the risk of pollution to the whole world, which is not in line with international law and extremely irresponsible. China firmly opposes this and demands that the Japanese side stop this erroneous act.

3. The Popocatepetl volcano in Mexico erupted, and a yellow alert was issued locally

On February 27, local time, the Popocatepete volcano in Mexico erupted, producing huge smoke and ash columns. Mexico's National Center for Disaster Prevention reported that 77 volcanic eruptions had been observed. The local government issued a yellow alert reminding residents to remain vigilant and prepare to evacuate from the area. In addition, Mexico City International Airport said that airlines have canceled 22 domestic and international flights for security checks due to the impact of volcanic ash on the way to Mexico City.

4. Brazil imposes provisional anti-dumping duties on non-surgical latex or PVC gloves in China

According to the official website of the Ministry of Commerce, on February 20, the Executive Committee of the Foreign Trade Commission of the Ministry of Economic Affairs of Brazil (GECEX) issued Resolution No. 568 of 2024 in the Federal Government Gazette, deciding to impose restrictions and provisional anti-dumping tax on non-surgical latex or PVC gloves imported from China, Malaysia, and Thailand (Portuguese name: Luvas para procedimentos não cirúrgicos, Mercosur customs code 3926.20.00, 4015.12.00 and 4015.19.00) for a period of 6 months, with a tax rate of US$4.83-20.94/1,000 gloves in China, US$15.30-30.17/1,000 gloves in Malaysia, and US$1.38-14.25/1,000 gloves in Thailand.

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