Titanium Morning News: The State Council supports the application for the establishment of China (Inner Mongolia) Pilot Free Trade Zone in accordance with procedures; China Mobile purchases 1.2 million Huawei Mate60 equity versions and 5 other mobile phones; The approved tweet for Bitcoin spot ETF has been

Domestic companies:

China Mobile purchases 1.2 million Huawei Mate60 equity versions and 5 other mobile phones

On October 16th, it was learned from China Mobile Procurement and Tendering Network that China Mobile Group Terminals Co., Ltd. has recently purchased five mobile phones, including the Huawei Mate60 equity version, from Huawei Terminals Co., Ltd., with a demand for 1.2 million units. As of press release, China Mobile has not yet replied to the purpose of purchasing this batch of new machines from China Mobile. Both heads of China Mobile Communications Group Terminal Co., Ltd., which had previously purchased Huawei related mobile phone products, stated that the relevant information is "inconvenient to disclose".

NIO Automotive applies for the trademark of self-developed chip Yang Jian

On October 16th, according to a company investigation, NIO Automotive Technology (Anhui) Co., Ltd. recently applied to register the "NIO Yang Jian" trademark, which is classified as a scientific instrument internationally. The current trademark status is in the process of registration. According to media reports, in September this year, NIO announced on Innovation Technology Day that its first self-developed chip - the LiDAR main control chip "Yang Jian" - will be mass-produced in October.

Vivo will release its self-developed AI large model matrix and apply it for the first time in the OriginOS4 system

On October 16th, according to the relevant person in charge of vivo, vivo will release the new mobile operating system OriginOS4 at the vivo developer conference (2023VDC) held on November 1st, and apply the self-developed AI big model for the first time, including five self-developed big models with different parameter levels of one billion, ten billion, and one hundred billion, covering core application scenarios.

Tencent Music: Third quarter results to be announced after the closing of Hong Kong stocks on November 14th

On October 16th, Tencent Music announced that the board of directors will review and vote on unaudited performance and announcements for the three months ending September 30, 2023, on Monday, November 13, 2023. The third quarter performance announcement will be uploaded to the website of the Stock Exchange on Tuesday, November 14, 2023 (Hong Kong time) after trading hours in the Hong Kong market and before the opening of the US market.

Zero Run Automobile's Third Quarter: Gross Profit Margin Becomes Positive for the First Time at 1.2%

On October 16th, Zero Run Motors (9863. HK) disclosed its financial report for the third quarter of 2023. The announcement shows that during the period, the company's gross profit margin was converted to a regular rate of 1.2% for the first time, achieving the goal of converting gross profit to a regular rate ahead of schedule; The single quarter sales revenue was 5.656 billion yuan, a year-on-year increase of 31.9%, achieving sales of 44325 units, a year-on-year increase of 24.5%; The net cash generated from operating activities continues to flow in. It is reported that in the third quarter, the company further enriched its product matrix and launched the C-series super extended range. The existing main models have achieved a pure electric+extended range "dual power" layout. In terms of Zero Run, it is stated that in the future, Zero Run will not only be a host manufacturer, but also a provider of intelligent electric solutions.

Foreign enterprises:

The news is that Apple's AppleCard has caused Goldman Sachs heavy losses and it is difficult to reach an agreement to exit

On October 16th, it was reported that due to the poor performance of Apple's AppleCard business, the cooperative bank Goldman Sachs suffered heavy losses. For this reason, Goldman Sachs has always wanted to give up this cooperation, but has not approached Apple. According to data, Goldman Sachs spends $350 per new AppleCard user. In 2022, Goldman Sachs lost $1.2 billion, mainly due to the AppleCard. (Global Market Broadcast)

News reports that Sony plans to acquire Wanda Nanmenggong in response to Microsoft's acquisition of Activision Blizzard

On October 16th, it was reported that Alex Smitk, a former developer of BendStudios, a third-party gaming studio under Sony SIE, announced on the X platform yesterday that Sony plans to acquire Wanda Dream Palace in response to Microsoft's acquisition of Activision Blizzard. As early as the beginning of this year, Sony's current CEO Jim Ryan attempted to negotiate with Microsoft to force them to abandon the acquisition after learning that Microsoft was about to acquire Activision Blizzard. However, the talks between Sony and Microsoft quickly broke down, and Jim Ryan adjusted his strategy accordingly to "wait for Blizzard's acquisition case to be blocked by regulatory agencies while searching for new acquisition targets outside of Bungie", ultimately choosing Wandai Nanmeng Palace. If Sony successfully completes its acquisition of Bandai, it will become the largest acquisition in Sony's history, which will be announced at the beginning of Sony's next fiscal year (after March next year). Sony's move will also be beneficial in resisting Microsoft's acquisition of Activision Blizzard.

Tesla's recruitment of regional general manager in Chile has sparked market speculation

On October 16th, a new recruitment notice from Tesla sparked speculation about its potential entry into the South American market. The company recently announced a vacancy for a regional general manager position in Santiago, Chile, responsible for "identifying, developing, and executing market initiation and development activities; establishing a customer base, expanding market share, and providing an excellent ownership experience." The recruitment notice was released on October 6th and has received over 2500 applications. In addition to the regional general manager, Tesla has also announced two other job vacancies in Chile: Tesla Consultant and Service Technician.

Policy direction:

Beijing Tianjin Hebei Regional Market Integration Business Development Cooperation Agreement Signed in Beijing

On October 16th, according to the website of the Ministry of Commerce, under the guidance of the Ministry of Commerce, the competent departments of commerce in Beijing, Tianjin, and Hebei signed the "Agreement on Deepening Business Development Cooperation for Market Integration in the Beijing Tianjin Hebei Region" in Beijing. Vice Minister of Commerce Sheng Qiuping attended the signing ceremony. The competent commercial departments of Beijing Tianjin Hebei will establish a working group to deepen practical cooperation in key areas. One is to jointly promote market rulemaking. Promote fair competition and industrial policy coordination, and promote mutual recognition of trade service standards. The second is to jointly promote the upgrading of the consumer market. Utilize the advantages of Beijing and Tianjin in cultivating and building international consumption centers, jointly build consumer markets, share consumption resources, and organize consumption activities. The third is to jointly ensure emergency supply in the market. Improve the joint guarantee and supply mechanism, share market operation information, and collaborate on the construction of a supply guarantee system. The fourth is to share the achievements of commercial logistics. Optimize the layout of the commercial logistics industry, jointly build a commercial logistics base, and link logistics standardization applications. The fifth is to jointly assist in the production and sales of agricultural products. Accelerate the construction of agricultural product node facilities, support the entry of Hebei clean vegetables into Beijing, and create a distinctive regional brand of "Tianjin Agriculture and Tianjin Products". Sixth, we will jointly promote the coordinated development of domestic and foreign trade. Promote the integration of domestic and foreign trade, and promote collaborative innovation in free trade pilot zones.

Minister of Housing and Urban Rural Development: Prepare special plans and annual implementation plans for urban renewal, and steadily implement urban renewal actions

On October 16th, Ni Hong, Minister of Housing and Urban Rural Development, published a signed article titled "Creating a New Situation of High Quality Urban Development" in the magazine "Seeking Truth" published today. Among them, it is proposed that currently, China's urban development has entered an important period of urban renewal, shifting from large-scale incremental construction to equal emphasis on stock upgrading and structural adjustment. Steadily promoting urban renewal. The problems identified in urban physical examinations are the focus of urban renewal. Based on the results of urban physical examinations, a special plan and annual implementation plan for urban renewal should be formulated, adhering to government guidance, market operation, and public participation, steadily implementing urban renewal actions, and systematically promoting the governance of "urban diseases". At the same time, we will accelerate reform and innovation, improve financial, fiscal, and land support policies, and establish urban renewal systems and mechanisms that meet the requirements of high-quality development.

Guangdong: Strive to promote the listing of 150 specialized, refined, and new enterprises by 2027

On October 16th, the official website of the Guangdong Provincial Government released the "Guiding Opinions on Promoting the High Quality Development of Specialized, Refined, and New Enterprises in Guangdong Province", with the goal of cultivating over 2000 specialized, refined, and new "little giants" enterprises and about 20000 specialized, refined, and new small and medium-sized enterprises by 2027, and striving to promote the listing of 150 specialized, refined, and new enterprises. In terms of unblocking funding channels, the Guiding Opinions state that we will deepen cooperation with the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange, and strengthen guidance on the listing and financing of specialized, refined, and new enterprises. Establish and improve the "specialized, refined, and innovative" specialized board of regional equity markets, and strengthen the organic connection with other levels of capital markets. Actively strive for the National Manufacturing Transformation and Upgrading Fund, the Small and Medium sized Enterprise Development Fund, and vigorously promote provincial-level policy funds, social capital, and other investment in specialized, refined, and new enterprises.

Hong Kong Airlines Launches Mainland Recruitment Flight Attendant Program

On October 16th, Hong Kong Airlines announced that it will launch a flight attendant recruitment plan in mainland China in response to the rapid resumption of flight operations. This recruitment is the first time Hong Kong Airlines has recruited flight attendants in mainland China. Successful applicants will be based at Hong Kong Airlines' headquarters and receive comprehensive professional training in Hong Kong. The company will assist employees who have successfully passed the recruitment exam in applying for a work visa.

Beijing releases an implementation plan for artificial intelligence computing vouchers to effectively reduce the cost of enterprise computing power usage

On October 16th, according to the official WeChat account of the Beijing Economic and Information Bureau, the Beijing Municipal Bureau of Economy and Information Technology recently issued a notice on the implementation plan of artificial intelligence computing vouchers. The implementation plan supports software information service industry enterprises and manufacturing industry enterprises to conduct industry artificial intelligence big model training and application in industries, government services, healthcare, finance, education, legal affairs, transportation, cultural tourism, scientific research, urban management, and other fields. The Municipal Bureau of Economy and Information Technology will provide subsidies and support for enterprises to reduce the cost of using intelligent computing power, and fully support enterprises in exploring and implementing artificial intelligence large model applications.

Hangzhou announces adjustment of housing loans: minimum down payment of 25% for the first set of housing in the restricted purchase area, and minimum down payment of 35% for the second set of housing

On October 16th, it was announced that, following the announcement of Hangzhou's new real estate policy this morning, Hangzhou's housing loans have also been adjusted. According to relevant personnel from the Zhejiang Branch of ICBC, in accordance with the regulatory requirements of the Hangzhou Municipal Government, the Zhejiang Provincial Market Interest Rate Pricing Self discipline Mechanism held a meeting to optimize and adjust the differentiated housing credit policies in Hangzhou. After adjustment, the minimum down payment ratio for the first housing loan in the restricted purchase area of Hangzhou City is not less than 25%, the minimum down payment ratio for the second housing loan is not less than 35%, and the interest rate for the second housing loan is not less than the market quoted interest rate for the corresponding term loan plus 30 basis points; The interest rate of the second housing loan in the non restricted purchase area shall not be lower than the market quoted interest rate of the corresponding term loan plus 20 basis points. Other unadjusted items shall be implemented according to current policies. The specific down payment ratio and interest rate level for each loan shall be reasonably determined by the bank based on the operational status of the institution and customer risk status. This adjustment will be implemented from October 16, 2023, and will be based on the time of online signing and filing of the housing contract.

Stock market situation:

The tweet for Bitcoin spot ETF approval has been deleted, and the message has been confirmed to be false

On October 16th, it was reported that Cointelgraph had deleted the previously reported tweet from the US Securities and Exchange Commission approving BlackRock's iShares Bitcoin spot ETF. Previously, Fox reporter Eleanor Terrett stated on social media that BlackRock had just confirmed to it that Cointelgraph's previously exclusive announcement of "SEC approval of BlackRock's iShares Bitcoin spot ETF" was false, and their application is still under review. Affected by this news, BTC has risen as high as $30000. It has now taken back its 10% increase earlier in the day and dropped to around $28000, temporarily at $28311.47, with a 24-hour increase of 5.35%; ETH is currently trading at $1588.24, a 24-hour increase of 2.08%.

The IPO fundraising scale of Jitu Hong Kong shares has sharply decreased, below the expected range of 500 million to 1 billion US dollars

On October 16th, it was reported that global logistics service provider Jitu Express Global Co., Ltd. has launched an IPO. It is understood that Jitu Express has reduced the IPO size of Hong Kong stocks. According to the announcement disclosed on the same day, Jitu Express will issue 326.6 million shares globally from October 16 to October 19, 2023. Approximately 293.9 million of the issued shares will be sold internationally, and approximately 32655200 of the issued shares will be sold in Hong Kong at an issue price of HKD 12.00 per share. The company plans to officially list on the main board of the Hong Kong Stock Exchange under the stock code "1519" on October 27th. After deducting underwriting fees, commissions, and expected expenses for the global offering, Jitu Express is expected to receive a net global offering fundraising of approximately HKD 3.528 billion. According to reports, three insiders revealed that due to the lackluster investor response, the express delivery company Jitu Express, which operates in Southeast Asia and China, was forced to lower its fundraising targets.

Dongfang Securities' stake in Zhejiang Guoxiang and other related matters included in the scope of verification

On October 16th, it was reported that the Zhejiang Guoxiang IPO incident, which has attracted high market attention, is currently under investigation by the Shanghai Stock Exchange, and there is currently no conclusion. Issues such as Dongfang Securities' participation in the issuer and related private equity products have been included in the scope of verification. According to insiders, the direct investment subsidiary of Dongfang Securities in the issuer, as well as the controlling shareholder Guoxiang Holdings' investment in Dongfang Securities related private equity products, have also been included in the scope of verification and will be verified one by one.

Other important content:

5 new sports added to the 2028 Los Angeles Olympics

On October 16th, according to CCTV, the 141st plenary session of the International Olympic Committee approved the addition of five new sports to the 2028 Los Angeles Olympics: baseball/softball, baton, cricket, squash, and waist flag rugby.

National Energy Administration: The electricity consumption of the whole society increased by 9.9% year-on-year in September

On October 16th, the National Energy Administration released data on overall social electricity consumption for September. In September, the total electricity consumption in society was 781.1 billion kilowatt hours, a year-on-year increase of 9.9%. From an industrial perspective, the electricity consumption of the primary industry was 11.7 billion kilowatt hours, an increase of 8.6% year-on-year; The electricity consumption of the secondary industry is 519.2 billion kilowatt hours, an increase of 8.7% year-on-year; The electricity consumption of the tertiary industry is 146.7 billion kilowatt hours, a year-on-year increase of 16.9%; The daily electricity consumption of urban and rural residents reached 103.5 billion kilowatt hours, a year-on-year increase of 6.6%. From January to September, the total electricity consumption of the whole society reached 6863.7 billion kilowatt hours, a year-on-year increase of 5.6%.

National Medical Insurance Bureau: The total income of the basic medical insurance fund (including maternity insurance) increased by 9.3% year-on-year from January to August

On October 16th, according to the website of the National Medical Insurance Administration, the total income of the basic medical insurance fund (including maternity insurance) from January to August was 2092.333 billion yuan, a year-on-year increase of 9.3%. Among them, the income of the employee basic medical insurance fund (including maternity insurance) was 1473.806 billion yuan, a year-on-year increase of 13%; The income of the basic medical insurance fund for urban and rural residents was 618.527 billion yuan, a year-on-year increase of 1.3%. The total expenditure of the basic medical insurance fund (including maternity insurance) was 1786.477 billion yuan, a year-on-year increase of 18.3%. The expenditure of the employee basic medical insurance fund (including maternity insurance) was 1125.73 billion yuan, a year-on-year increase of 19.6%, of which 70.945 billion yuan was spent on maternity insurance fund benefits; The expenditure of the basic medical insurance fund for urban and rural residents was 660.748 billion yuan, a year-on-year increase of 16.2%.