1. The “New Energy Industry Development Plan†that has been reported to the State Council for more than one year for development of emerging energy industries has been reported to the State Council for approval. However, informed sources of the National Energy Administration did not disclose the details of the plan.
Huaxun Investment Comments: It is understood that as the "Symposium on Strategic Emerging Industries," the industry rules, the "new energy industry development plan" on the current status of China's development of new energy sources and the situation, guiding ideology and basic principles, planning objectives, Work tasks and important projects as well as policy safeguards are defined systematically. In addition to the related contents of standard “new†energy such as wind energy, light energy, nuclear energy, and biomass energy, the plan also involves the transformation of traditional energy sources such as clean coal technologies and smart grids. It should be said that this plan is a concrete arrangement for China to further reduce carbon dioxide emissions by 20%, while increasing the non-petrochemical energy from the current 9% to 15% so as to successfully complete the commitments of the Copenhagen conference. Correspondingly, light, nuclear and wind energy will face tremendous opportunities for development. Suppliers of related equipment and technologies will usher in historic development opportunities.
2. Securities Regulatory Commission will support mergers and acquisitions of cultural companies The relevant person in charge of the China Securities Regulatory Commission stated at the latest sponsor representative training meeting that it will support mergers and acquisitions of listed cultural media companies, support cross-regional and cross-group expansion, and conduct market The acquisition of mergers and acquisitions, the formation of the survival of the fittest mechanism.
ECCOM Investment Comments: Corporate mergers and reorganizations have always been a hot spot for the market. Support from the China Securities Regulatory Commission for cultural listed companies will be favored.
[Industry research] The local cement production price has been skyrocketed due to the limited production of cement by local power cuts and boosting cement prices, which has hit new highs throughout the year. Digital cement network statistics on the industry website show that cement prices have continued to record new highs during the year.
ECCOM Investment Comments: Due to the rise in cement price caused by power curtailment for some time, the price of cement has also risen significantly due to various factors including price increase. We believe that this news brings mainly the strengthening of this expected increase, as the fourth quarter is the traditional peak season for cement consumption. Strong demand and limited production are likely to further increase the price of cement, so it is advantageous for companies with less impact on restricted production.
[Company Industry] Basic Component Industry Revitalization Plan Promulgated Listed company will pick up the beam letter from the Ministry of Industry and Information Technology on October 27th. The Ministry of Industry and Information Technology has recently issued the Implementation Plan for the Revitalization of the Mechanical Basic Component Industry and plans to pass three years of hard work to make China's major equipment base zero. The supporting capacity of components has been increased to more than 70%. Encourage enterprises to cross-industry, cross-ownership mergers and reorganizations, and strive to form a number of enterprise groups with international competitiveness and annual sales of over 5 billion yuan. The implementation period of the program is 2010-2012.
Huaxun Investment Comments: Mechanical basic components mainly refers to: bearings, gears, molds, hydraulic parts, pneumatic components, seals, fasteners, etc., is an important part of the equipment manufacturing industry, directly determines the major equipment and Host product performance, level, quality and reliability.
The "plan" proposes to cultivate 100 enterprises with large scale, high professional level, distinctive characteristics and products with well-known brands. Attract multiple capital investments in the basic components industry. Support provincial and municipal construction of provincial bases for new types of industrialization demonstration bases, and encourage the construction of a number of state-level basic parts and components “a new type of industrialization demonstration base†in a conditional agglomeration area.
At the close of trading (4:00 am Beijing time), the Dow Jones Industrial Average fell 43.18 points to close at 11,126.28 points, or 0.39%, while the Nasdaq Composite Index rose 5.97 points to close at 2503.26 points, or 0.24%. The Poole 500 index fell 3.19 points to 1,182.45 points, a decrease of 0.27%.
Huaxun Investment Comments: It is understood that as the "Symposium on Strategic Emerging Industries," the industry rules, the "new energy industry development plan" on the current status of China's development of new energy sources and the situation, guiding ideology and basic principles, planning objectives, Work tasks and important projects as well as policy safeguards are defined systematically. In addition to the related contents of standard “new†energy such as wind energy, light energy, nuclear energy, and biomass energy, the plan also involves the transformation of traditional energy sources such as clean coal technologies and smart grids. It should be said that this plan is a concrete arrangement for China to further reduce carbon dioxide emissions by 20%, while increasing the non-petrochemical energy from the current 9% to 15% so as to successfully complete the commitments of the Copenhagen conference. Correspondingly, light, nuclear and wind energy will face tremendous opportunities for development. Suppliers of related equipment and technologies will usher in historic development opportunities.
2. Securities Regulatory Commission will support mergers and acquisitions of cultural companies The relevant person in charge of the China Securities Regulatory Commission stated at the latest sponsor representative training meeting that it will support mergers and acquisitions of listed cultural media companies, support cross-regional and cross-group expansion, and conduct market The acquisition of mergers and acquisitions, the formation of the survival of the fittest mechanism.
ECCOM Investment Comments: Corporate mergers and reorganizations have always been a hot spot for the market. Support from the China Securities Regulatory Commission for cultural listed companies will be favored.
[Industry research] The local cement production price has been skyrocketed due to the limited production of cement by local power cuts and boosting cement prices, which has hit new highs throughout the year. Digital cement network statistics on the industry website show that cement prices have continued to record new highs during the year.
ECCOM Investment Comments: Due to the rise in cement price caused by power curtailment for some time, the price of cement has also risen significantly due to various factors including price increase. We believe that this news brings mainly the strengthening of this expected increase, as the fourth quarter is the traditional peak season for cement consumption. Strong demand and limited production are likely to further increase the price of cement, so it is advantageous for companies with less impact on restricted production.
[Company Industry] Basic Component Industry Revitalization Plan Promulgated Listed company will pick up the beam letter from the Ministry of Industry and Information Technology on October 27th. The Ministry of Industry and Information Technology has recently issued the Implementation Plan for the Revitalization of the Mechanical Basic Component Industry and plans to pass three years of hard work to make China's major equipment base zero. The supporting capacity of components has been increased to more than 70%. Encourage enterprises to cross-industry, cross-ownership mergers and reorganizations, and strive to form a number of enterprise groups with international competitiveness and annual sales of over 5 billion yuan. The implementation period of the program is 2010-2012.
Huaxun Investment Comments: Mechanical basic components mainly refers to: bearings, gears, molds, hydraulic parts, pneumatic components, seals, fasteners, etc., is an important part of the equipment manufacturing industry, directly determines the major equipment and Host product performance, level, quality and reliability.
The "plan" proposes to cultivate 100 enterprises with large scale, high professional level, distinctive characteristics and products with well-known brands. Attract multiple capital investments in the basic components industry. Support provincial and municipal construction of provincial bases for new types of industrialization demonstration bases, and encourage the construction of a number of state-level basic parts and components “a new type of industrialization demonstration base†in a conditional agglomeration area.
At the close of trading (4:00 am Beijing time), the Dow Jones Industrial Average fell 43.18 points to close at 11,126.28 points, or 0.39%, while the Nasdaq Composite Index rose 5.97 points to close at 2503.26 points, or 0.24%. The Poole 500 index fell 3.19 points to 1,182.45 points, a decrease of 0.27%.
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