Author: xjadmin

On May 14th, Huatai Securities believes that the national unified electricity market is accelerating, and ultra-high voltage and back-to-back projects are key to achieving interconnectivity in the national power grid. It is expected that the pace of promotion will accelerate soon, and 5-6 ultra-high voltage direct current, 3-4 ultra-high voltage alternating current, and 5-6 back-to-back projects are expected to be approved within the year. During the “15th Five Year Plan” period, an average of 6-7 ultra-high voltage projects are expected to be started annually, and core equipment suppliers are expected to continue to welcome a large number of orders. At the same time, with the acceleration of the localization process of core components, the penetration rate of flexible technology is expected to increase.

On May 14th, the General Office of the People’s Government of Henan Province recently issued the “Action Plan for Promoting High quality Development of the Private Economy in Henan Province”, which mentioned supporting private enterprises to participate in the restructuring and reorganization of state-owned enterprises in accordance with laws and regulations through asset acquisition, property rights transfer, equity participation, joint venture cooperation, etc., promoting the green channel system for private enterprise listing, and facilitating the listing and trading of qualified private enterprises. Gradient cultivation of backbone private enterprises. Coordinate various levels and types of special funds, increase support for the transformation and upgrading, research and development innovation, market development, talent introduction, and other aspects of private enterprises, and guide them to upgrade and upgrade. Focusing on the construction of key industrial chain clusters, precise guidance and regular assistance will be provided to innovative, specialized, refined, and innovative private enterprises such as “unicorns”, “little giants”, and individual champions. Services will be provided at the provincial, municipal, and county levels in a hierarchical and classified manner.

On May 14th, it was learned from Sinopec that a shale gas exploration well located in the Sichuan Basin has a vertical depth of over 5300 meters, breaking the record for vertical depth of shale gas wells in China and providing reference experience for ultra deep shale gas exploration in China. China has the resource characteristics of being rich in coal, poor in oil, and lacking in gas, making it a major importer of oil and gas. In recent years, with the continuous innovation of key technologies in oil and gas exploration and development, shale gas is becoming a replacement field for China’s oil and gas exploration and sustainable reserve and production growth.

① Pending OPEC release of monthly crude oil market report; ② 04:30 US API crude oil inventory for the week ending May 9th; ③ 14:00 Final monthly CPI rate for April in Germany; ④ At 17:15, Federal Reserve Governor Waller delivered a speech; ⑤ 21:10 Federal Reserve Vice Chairman Jefferson delivers a speech; ⑥ 22:30 US EIA crude oil inventory and EIA strategic petroleum reserve inventory for the week ending May 9th; ⑦ The next day at 05:40, Federal Reserve Dailey attended a fireplace talk.

On May 14th, Amy Lo, co head of wealth management at UBS Group Asia, stated that UBS’s high net worth clients are increasingly withdrawing from US dollar assets and turning to gold, cryptocurrencies, and Chinese assets. Gold is very popular now, “Lo said in an interview with Yvonne Man at the Bloomberg New Voices event held in Hong Kong on Tuesday. She pointed out that the tense trade relations between China and the United States have prompted investors to diversify their asset allocation, which was originally “quite centered around the United States”; In addition to seeking other monetary assets, investors are also investing more funds in cryptocurrencies, commodities, and alternative assets. The volatility will definitely continue, “Lo added.

On May 14th, recently, the profit making effect of Hong Kong stock market’s new listings has significantly increased. According to Wind statistics, all five new stocks listed since April 14th have achieved an increase on their first day of trading, and one stock has doubled on its first day of trading. Prior to this, new stocks that have been listed this year have experienced ups and downs on their first day of trading. Meanwhile, several new stocks have been highly sought after by investors in the primary market since the beginning of this year. For example, the Shanghai Auntie Hong Kong public offering, which recently landed on the Hong Kong stock market, received 3616.83 times the subscription, and the Honey Snow Group broke the Hong Kong stock record with a frozen capital scale of HKD 1.82 trillion. Analysts say that both the subscription situation in the primary market and the performance in the secondary market indicate that investors are gradually increasing their attention to new Hong Kong stocks, and it is expected that the Hong Kong IPO market will accelerate its recovery by 2025. (China Securities Journal)

On May 14th, with the overall A-share market fluctuating and rising since May, various institutions are actively conducting research on listed companies. According to Wind data, as of the time of the reporter’s press release on May 13th, more than 1000 listed companies’ reception agencies had conducted research before the halfway point of May. From the performance of the secondary market, over 90% of the surveyed companies have achieved positive returns since May. From the distribution of industry sectors, mechanical equipment, electronics, and pharmaceutical biology are the three industries with the densest distribution of listed companies surveyed by institutions since May. Structural investment opportunities such as humanoid robots, electronic industry sub sectors with excellent performance, innovative drugs, and pharmaceutical going global are highly valued by institutions. (China Securities Journal)

On May 14th, over 300 listed companies have publicly disclosed plans to repurchase and increase their holdings since April this year, with a maximum amount exceeding 100 billion yuan. Among them are private enterprises such as Sany Heavy Industry, Midea Group, and Rongsheng Petrochemical, as well as state-owned enterprises such as China National Petroleum Corporation, China Railway Group, and China COSCO Shipping. At the same time, China Chengtong and China Guoxin, two state-owned capital operating companies, have publicly announced their plans to use stock buyback loans to increase their holdings in the listed companies they invest in. It is reported that as of the end of April 2025, the upper limit of the proposed loan amount for stock repurchase and increase in holdings disclosed by listed companies has exceeded 110 billion yuan, and financial institutions have signed stock repurchase and increase in holdings loan contracts with listed companies and major shareholders for approximately 200 billion yuan. (China Securities Journal)

On May 14th, since May, mergers and acquisitions in A-shares have shown a trend of multiple developments. On the one hand, companies that have already released restructuring plans are orderly advancing their merger and acquisition processes, and the progress of acceptance and inquiry is receiving much attention; On the other hand, there are numerous new cases of mergers and acquisitions, with transaction models leaning towards cash based “short, flat, and fast” approaches, while the direction of mergers and acquisitions is focused on emerging and future industries led by industry synergy. The reporter noticed that on May 13th alone, more than ten listed companies intensively released announcements related to mergers and acquisitions, with nearly half of them announcing their merger plans for the first time. From the perspective of transaction methods, cash acquisitions have become the preferred choice for more listed companies. From the perspective of merger and acquisition purposes, industrial synergy remains the mainstream trend, with both horizontal integration to expand the market and vertical integration to improve the industrial chain. (Shanghai Stock News)

On May 14th, a wildfire broke out in St. Louis County, Minnesota, USA on May 13th, burning over 80.9 square kilometers of land and destroying dozens of buildings. The governor mobilized the state National Guard to assist in extinguishing the fire. It is reported that there are still 150 buildings under mandatory evacuation orders.