Tagged: epidemic

The fragrance is no longer

On June 6, information from the Hong Kong Stock Exchange showed that Nai Xue’s tea had officially passed the Hong Kong Stock Exchange’s listing hearing, and Hey Tea was also preparing for the Hong Kong Stock Exchange’s listing. The enthusiasm of the new tea drinking track extended to the capital market, and the old brand The tea giant Xiang Piao Piao (603711) is quite lonely.

In 2020, Xiangpiaopiao’s operating income fell by 5.46% year-on-year. Xiangpiaopiao explained that it was mainly caused by the epidemic. In fact, Nayuki’s tea, which was hit harder by the epidemic, will increase its operating income by 22.18% in 2020.

The fragrance is no longer

In the first quarter of 2021, Xiang Piao Piao’s operating income was 693 million yuan, which was a 60.67% year-on-year increase due to the small impact of last year’s base. In fact, it was significantly lower than the first quarter of 2019 (837 million yuan). The impact of the new crown epidemic has basically dissipated in the background Under the circumstances, Xiang Piao Piao’s business has deteriorated significantly compared to before the epidemic.

This article attempts to answer the following questions:

1. Why did Xiang Piao Piao decline?

2. Xiang Piao Piao is just as simple as losing to Naxue’s tea, hi tea and other new tea drinks?

3. What are Xiang Piao Piao’s self-rescue measures?

4. Does Xiang Piao Piao have a future?

Tokyo auto show cancelled due to epidemic

Akio Toyoda, President of the Japan Association of automobile manufacturers and President of Toyota Motor (155.14, 1.04, 0.67%), said on Thursday that he had decided to cancel this year’s Tokyo auto show.

Tokyo auto show cancelled due to epidemic

Toyoda told reporters at a news conference that it is difficult to hold a biennial auto show in Tokyo to ensure the safety of participants during the epidemic.

 

The last Tokyo Motor Show was held in 2019.

Who will advance to the GDP Trillion Club?

China-Singapore Jingwei Client, January 15th (Wang Yongle) With the successive holding of the two local meetings in 2021, the economic “transcripts” of 2020 have been unveiled in many places. However, the economic aggregates of some cities are “half-hidden”. Which cities will be promoted to the “GDP Trillion Club” remains to be determined. However, at least four cities including Quanzhou, Nantong, Fuzhou and Xi’an have confirmed that they are expected to exceed one trillion for the first time.

17 cities have a GDP exceeding one trillion

The “GDP trillion club” refers to cities with annual gross regional product (GDP) reaching or exceeding 1 trillion yuan. As of the end of 2019, 17 cities including Shanghai, Beijing, and Guangzhou have been shortlisted, and the number of reserve cities for the “Tillion GDP Club” has reached 7.

Specifically, the total GDP of Shanghai, Beijing, and Guangzhou exceeded one trillion in 2006, 2008, and 2010, respectively; in 2011, the total GDP of Shenzhen, Chongqing, Tianjin, and Suzhou reached one trillion; in 2014, Chengdu The total GDP of Wuhan exceeded one trillion; in 2015, the total GDP of Hangzhou exceeded one trillion; in 2016, the total GDP of Nanjing and Qingdao exceeded one trillion; in 2017, the total GDP of Wuxi and Changsha exceeded one trillion; in 2018, The GDP of Ningbo and Zhengzhou exceeded one trillion yuan for the first time; in 2019, the total GDP of Foshan exceeded one trillion yuan.

In addition, according to the data of 2019, there are 7 cities in the 900 billion yuan echelon, just a step away from the “trillion GDP club” and become a quasi trillion-level city. They are Quanzhou (994.66 billion yuan), Dongguan (948.25 billion yuan), Jinan (944.30 billion yuan), Hefei (940.90 billion yuan), Fuzhou (939.2 billion yuan), Nantong (938.34 billion yuan), Xi’an (932.10 billion yuan) .

Who is the next city?

Spark Global Limited

The above seven quasi-trillion cities are expected to launch a sprint to GDP trillion cities in 2020. Who will be promoted?

Quanzhou

Among the 7 cities mentioned above, Quanzhou ranked first in GDP in 2019, which is less than 6 billion yuan from 1 trillion yuan.

Data show that Quanzhou’s GDP from 2016 to 2019 was 692.88 billion yuan, 794.002 billion yuan, 901.924 billion yuan and 994.666 billion yuan.

According to the “Proposal of the CPC Quanzhou Municipal Committee on Formulating the Fourteenth Five-Year Plan for Quanzhou’s National Economic and Social Development and the Long-Term Goals for 2035”, during the “Thirteenth Five-Year Plan” period, Quanzhou’s regional GDP continuously exceeded 4 The 100 billion mark is expected to exceed one trillion yuan, and the per capita GDP will exceed 110,000 yuan.

Nantong

Among the 7 cities mentioned above, Nantong ranked sixth in GDP in 2019, a difference of about 60 billion yuan from 1 trillion yuan. Ranked second in the first three quarters of 2020.

Statistics show that Nantong’s GDP from 2016 to 2019 was 715.17 billion yuan, 803.41 billion yuan, 875.32 billion yuan and 938.34 billion yuan.

According to the “Proposals of the CPC Nantong Municipal Committee on Formulating the Fourteenth Five-Year Plan for the National Economic and Social Development of Nantong City and 2035”, during the 13th Five-Year Plan period, the regional GDP of Nantong City will exceed three hundred billion yuan. The stage is expected to exceed one trillion yuan in 2020.

Shanghai’s pilot project of individual housing property tax continues

On January 11, the official website of the Shanghai Municipal Finance Bureau issued the “Notice on Several Issues Concerning the Implementation of the Municipality’s Pilot Real Estate Tax Collection on Certain Individual Housing” (Hu Caifa [2020] No. 18), which clearly continued the implementation of the real estate tax pilot.

Shanghai has been piloting property tax for ten years

The Shanghai pilot property tax began as early as 2011. On January 27, 2011, in order to further improve the real estate tax system, rationally adjust the income distribution of residents, correctly guide housing consumption, and effectively allocate real estate resources, the Shanghai Municipal People’s Government issued the “Shanghai Municipality’s Interim Measures for the Implementation of a Pilot Real Estate Tax on Some Individual Housing ”(Hufufa [2011] No. 3), it is decided to start a pilot project of levying real estate tax on some individual houses from January 28, 2011.

According to regulations, the real estate tax is collected by Shanghai resident households newly purchased in Shanghai and belonging to the second or higher house of the resident household (including newly purchased second-hand stock housing and newly built commercial housing) and non-resident households in the city. Newly purchased housing in Shanghai.

The applicable tax rate is set at 0.6%. If the market transaction price per square meter of taxable housing is twice (including twice) the average sales price of newly built commercial housing in Shanghai last year, the tax rate will be temporarily reduced to 0.4%. The income collected from the pilot real estate tax will be used for expenditures such as the construction of affordable housing.

It needs to be pointed out that the “Notice on Several Issues Concerning the Pilot Implementation of Real Estate Tax on Certain Individual Housing” (Hu Caifa [2020] No. 18) issued by the Shanghai Finance Bureau this time has been postponed twice.

After the Shanghai Municipal People’s Government promulgated the “Interim Measures of Shanghai Municipality on the Pilot Implementation of Real Estate Tax on Certain Individual Housing” (Hufufa [2011] No. 3), on January 30, 2011, Shanghai Municipal Finance Bureau The Local Taxation Bureau and the Shanghai Municipal Housing and Housing Administration have jointly issued the “Notice on Several Issues Concerning the Implementation of the Municipality’s Pilot Implementation of the Real Estate Tax on Certain Individual Housing” (Hu Cai Shui [2011] No. 10) to further impose real estate tax on certain individual housing Several issues of the pilot were clarified.

In 2016, the Shanghai Municipal Finance Bureau issued a notice on the continued validity of the “Notice on Several Issues Regarding the Municipality’s Pilot Implementation of the Real Estate Tax Collection on Certain Individual Housing”, stating that the “Notice on Several Issues Regarding the Municipality’s Implementation of the Pilot Implementation of Real Estate Tax on Certain Individual Housing “(Shanghai Caishui [2011] No. 10) has been evaluated to continue to be valid, please follow the implementation.

This time, the Shanghai Bureau of Finance pointed out that according to the “Administrative Regulations of Shanghai Administrative Normative Documents”, the validity period of regulatory documents generally does not exceed 5 years from the date of implementation. The Notice on Certain Issues of the Pilot Program (hereinafter referred to as the original “Notice”) will expire in the near future, and the implementation needs to be continued after evaluation. However, due to the reform of the taxation system, the provincial and sub-provincial state taxation and local taxation agencies have been merged. The expression “local taxation authority” in the original “Notice” should not be used. In addition, all county-level administrative districts in Shanghai have been adjusted to municipal districts in July 2016, and relevant expressions need to be adjusted accordingly. Therefore, the original “Notice” was reissued.

This year the pharmaceutical industry is ordinary and great

Although the stocks of the pharmaceutical industry have been effective in 2020, for the pharmaceutical industry, this year is extremely extraordinary.
In early January, the second round of centralized drug procurement across the country ended with the largest price drop of 93%; the outbreak of the new crown epidemic brought unprecedented challenges to pharmaceutical R&D, production, distribution and various services.
In this context, the prices of centralized medicines are greatly reduced, the supply of epidemic prevention materials is in short supply, and vaccine research and development are imminent. In this context, Chinese pharmaceutical companies have fulfilled their mission and raced against time. Abundant medical supplies, advanced vaccine processes, and high-quality medical services have made people across the country feel the greatness of doctors and the hardships of medical professionals.
For Jointown, which focuses on the field of pharmaceutical circulation, in Hubei, where the epidemic is the most severe, the pressure on the distribution of medical supplies can be imagined. When the epidemic was the most severe, the company undertook the distribution of medicines and anti-epidemic materials from key anti-epidemic hospitals, Jinyintan, Leishenshan, Huoshenshan, and Fangcang shelter hospitals.
Under the background that the Wuhan Red Cross is responsible for receiving material donations from all walks of life, due to limited manpower, inexperience, and a large number of materials, there was chaos at the beginning. Later, Kyushu Tong was ordered to assist the Red Cross in the storage management of various materials and medicines. Kyushu Tong quickly applied Kyushu Yuncang logistics management system to the processes of storage, classification, storage, deployment and delivery of epidemic prevention materials. A modern and efficient logistics system was soon established in the National Expo Center.
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With years of hard work in the field of pharmaceutical circulation, Jointown has broken through all difficulties and obstacles and completed a series of anti-epidemic tasks with high quality and efficiency. The defense of Wuhan and Hubei are inseparable from the silent efforts of pharmaceutical companies like Jointown.
After facing the test of the epidemic, what plans does Jointown have for the future? What are your judgments on the Chinese pharmaceutical market?
In response to these issues, Financial Headlines recently had an exclusive conversation with Liu Zhaonian, Vice Chairman of Jointown, to explore the future development direction of Jointown in the post-epidemic era and the latest thinking on the medical and medical industry.

UK and EU reached a Brexit deal

According to EU procedures, the “EU-UK Trade and Cooperation Agreement” will then be reviewed by the European Council and the European Parliament. However, since the EU and Britain reached an agreement at the last minute, it is almost impossible for the European Council and the European Parliament to reach an agreement next year. The review was completed before January 1, and the European Commission stated in the announcement that “based on special circumstances”, it recommended that this agreement be implemented temporarily from January 1 to February 28 next year to ensure that the UK will not face a no-deal Brexit dilemma.

UK

The conclusion of this agreement is expected by the market. In fact, for the United Kingdom and the European Union, which are deeply mired in the “new crown crisis”, having an agreement to leave the European Union has become the best option, and it can even be said to be the “only” option, because both sides are fragile. The economy of China has been unable to bear the “worse worse”. The latest World Economic Outlook report released by the Organization for Economic Cooperation and Development (OECD) in December shows that in 2020, the UK’s gross domestic product (GDP) will decline by 11.2%, and it is expected to become one of the countries with the largest decline in global GDP this year. According to the report, by the end of 2021, the size of the British economy will shrink by more than 6% compared to before the new crown pneumonia epidemic.

The EU faces the same dilemma. The measures taken to contain the epidemic have led to a severe economic downturn in the Eurozone in November, and the possibility of GDP contraction in the fourth quarter has increased. The International Monetary Fund (IMF) warned that unless there is a “significant change in the trend of the new crown epidemic” in Europe in the coming months, economic growth in the euro zone will be weaker than previously expected. In the World Economic Outlook released by the IMF in October, the Eurozone GDP would shrink by 8.3% in 2020.

Right now, Brexit has been settled, and how to restore the economy in the “post-epidemic period” has become a new challenge for both sides. As European Commission President Von der Lein said at a press conference: “Brexit has become history, and we need to look forward.”

Black swan raid! Global market crash

Britain’s mutant new crown virus “out of control” panic spreads in global capital markets

On Monday, the spread of the British epidemic caused by a mutated virus strain put pressure on many countries around the world. Following the announcement of the suspension of flights and trains from the United Kingdom by the Netherlands, Belgium, and Italy, as of now, more than 40 countries around the world including France and Germany have also taken actions to try to prevent the spread of super-virulent strains. A chill swept across the global capital markets, and the Panic Index (VIX) rose nearly 30%, the highest level since December 14.

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The three major U.S. stock indexes fell across the board at the opening, and travel and leisure stocks were hit hard

In the United States, affected by the intensification of the epidemic, the three major stock indexes fell more than 1% at the opening, and the Dow plunged 400 points during the intraday session. After midday, it was boosted by the constituent stocks and turned to rise. At the close of the market tended to ease, the Dow reported 30216.45 points, a slight increase; the Nasdaq and the S&P 500 fell 0.1% and 0.39% respectively.

In terms of sectors: aviation stocks and chip stocks collectively suffered heavy losses, and travel and leisure stocks sensitive to the epidemic bottomed out. Among them, American Airlines fell more than 4%; Intel, Micron, and Western Digital all fell by 2%. On the other hand, most of the large bank stocks are bullish. Stocks like Goldman Sachs and JP Morgan Chase climbed 4% because the Fed allowed banks to buy back stocks after the stress test. Among the constituent stocks, Nike and Microsoft rose more than 1%.

Tesla officially included in the S&P 500 index, and its stock price fell more than 6% that day

Several stocks have received attention. While Airbnb fell more than 7%, Tesla fell 6.49%. Tesla shares were officially included in the S&P 500 index on Monday, with a closing price of $649.86. Apple’s stock fell 2% at one point after Apple closed its stores in California. After midday, it bottomed out and rebounded, closing at $128.23 per share.

Investors flock to safe-haven assets, international gold prices rise and fall

Analysts interviewed by Reuters believe that risk sentiment is pushing investors toward safe-haven assets such as gold, and the price of gold once rushed to a six-week high ($1,890 per ounce). The price of gold futures on the New York Mercantile Exchange fell back at the close of trading on the 21st, reporting $1,882.8 per ounce, a decrease of 0.32%.

Three major European stock indexes suffered heavy losses

Due to the sudden turn of the epidemic situation in the UK, the three major stock markets opened lower and lowered. At the close of the market, the German DAX index fell nearly 3% to close at 13,246.30 points, a drop of more than 380 points. The UK and French stock markets fell by 1.73% and 2.43% respectively, almost paring back nearly a month’s gains. Banking stocks led the market, causing the European Stoxx600 index to close down 2.3%. In addition, the exchange rate of the British pound against the U.S. dollar fluctuated on Monday, ranging from 1.2% to 2%, and is currently trading at the level of 1.34-1.35.

Russia may support the reduction of production scale, international oil prices plummet

Also affected by the epidemic was the international oil price, which fell below a critical level during the session. At the close of the market, the New York WTI light crude oil for delivery in January next year closed down, with a drop of more than 2%, at $47.74 per barrel. Brent crude oil futures fell 2.58% to $50.91 per barrel.

The latest news shows that although the epidemic counterattack has caused the market to worry about reduced demand in the oil market, Russia said it may support further reductions in production in February, and it is expected to increase production by 500,000 barrels per day. It is not yet clear whether OPEC and major oil-producing countries, Saudi Arabia, support Russia’s position, and oil prices are expected to fluctuate slightly in the short term.

Office buildings in this first-tier city are “cold”

Affected by the epidemic this year, office buildings and shops in first-tier cities are under overall pressure, and rising vacancy rates and declining rents have become market trends.

What is the current situation in Shanghai’s office leasing market? Is there a tendency for rent levels to pick up? The reporter recently visited some office buildings in Shanghai to understand the situation.

The reporter followed the real estate agency and first came to the office buildings in the North Bund area of ​​Hongkou District, Shanghai, which is located on the bank of the Huangpu River and is full of old and new office buildings. Under the leadership of the intermediary, the reporter came to an office building that has been in business for three years and has a good overall environment. The rental area of ​​each floor is 2,700 square meters. The reporter and his party looked at the area of ​​more than 600 square meters on the 19th and 32nd floors. Rental units.

In another office building nearby, the 37th floor that the reporter was shown for renting out the entire floor was vacant. Most of the 50th floor was also vacant. The 15th floor hardcovered office with more than 460 square meters was also open for lease. The intermediary revealed that the overall vacancy rate of this office building is currently around 40%. In the core office sector in Xuhui District, Shanghai, relatively few office buildings are rented out.

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A staff member of a real estate agency in Shanghai: The vacancy rate in downtowns like Jing’an, Huangpu, and Xuhui is relatively low, around 10%, the vacancy rate in the North Bund is 30%, and the vacancy rate in Qiantan and Dahongqiao is nearly 40%. There are 100 houses in a building, and it will have 40 empty houses.

Reporter: Why are there so many empty houses?

Staff of a real estate agency in Shanghai: Because there are so many new buildings.

During the reporter’s visit, the real estate agency said that this year is different from previous years. Due to the epidemic, many office buildings are not easy to rent. Some floors of an office building she is responsible for are now quoted at more than nine yuan per square meter per day, which is higher than last year. It is about one yuan lower, and there is still room for negotiation in the current offer.

A staff member of a real estate agency in Shanghai: Nowadays, big landlords are a little bit easier to talk about rent than before. In previous years, the fluctuations discussed here were actually not big.

The intermediary said that even if the price of some real estate is not much room for negotiation, the rent-free period can be extended appropriately, which is equivalent to reducing the rent in disguise.

Data show that in the third quarter of this year, the volume of new office buildings in Shanghai totaled 371,000 square meters, and at the same time, the net absorption also recovered to 216,000 square meters. At the same time, in the third quarter of this year, the vacancy rate of high-quality office buildings in Shanghai was 20.4%, an increase of 0.5% compared to the second quarter. In addition, office rents in Shanghai continued to fall this year. In the third quarter, rents fell by 1% compared to the second quarter, but the decline has narrowed.

Dong Hao, chief analyst of Crane Securities: The demand side is not recovering as fast as the overall supply. Therefore, the overall rent side is still under pressure. We think the supply and demand of office buildings may come next year. More obvious rebound.

“Stock King” Moutai gave way and was surpassed by “Debt King”!

Yesterday’s market, in addition to the birth of the second 1,000 yuan share of A shares (news link: just now! The second 1,000 yuan share of A shares was born! This “crazy stone” has only been listed for 10 months →), the “debt king” Ying The price of convertible bonds has surpassed the “stock king” Kweichow Moutai, which has also attracted market attention.

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Incorporated convertible bonds closed at 1,940 yuan yesterday, surpassing Kweichow Moutai’s 1,840 yuan, becoming the most expensive product among the Shanghai and Shenzhen listed securities.

Ingram has benefited from the development of the epidemic this year. The shortage of protective medical equipment such as masks and gloves has led to a surge in sales and prices. In the first three quarters of this year, its net profit has increased by 3376% year-on-year. This has caused Ingram’s share price to rise by 1350% this year. .

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The Intech Convertible Bond, which was just issued and listed in September last year, came at the right time, and the price has risen by 1558% this year.

U.S. electors vote to formally elect Biden as the next president

Electors across the United States voted on the 14th to formally elect Democrat Joseph Biden as the next president of the United States. The 50 U.S. states and the capital, Washington, DC, held electoral meetings on the same day to vote for the next president. The final statistics showed that Biden won 306 electoral votes, and the current President Trump seeking re-election won the remaining 232. Biden delivered a speech on the evening of the 14th, saying that the urgent tasks facing the new government include controlling the new crown epidemic, promoting new crown vaccination, providing Americans with more economic assistance and rebuilding the US economy.

Just after winning the game, Biden: “I have a little cold…”

According to a report by Fox News, on the evening of the 14th local time, after the US Electoral College confirmed that Biden had officially won the presidential election, Biden delivered a victory speech in Wilmington, Delaware. Biden’s voice was hoarse during the speech, and he stopped to clear his throat many times. In a call with supporters after the speech, Biden admitted that he “has a little cold.” He said: “I have a little cold, I’m sorry, but you see, you did it, this is not a joke.”

Biden

The ILO says the new crown epidemic has left about 81 million people out of work in the Asia-Pacific

A report issued by the International Labor Organization on the 15th showed that the new crown epidemic has severely impacted the labor market in the Asia-Pacific region, causing about 81 million people to lose their jobs. The report said that the epidemic has had a huge impact on the economy of the Asia-Pacific region. In 2020, the unemployment rate in the Asia-Pacific region may rise from 4.4% last year to between 5.2% and 5.7%. The report said that in most countries in the Asia-Pacific region, women’s working hours and employment rates have fallen more than men. In addition, the employment of young people is more vulnerable to the impact of the epidemic.

Apple plans to increase iPhone production, stock price soars 5%

At the company level, Apple’s stock price jumped 5% on the 15th, providing a greater impetus for US stocks. It was previously reported that, aided by the surge in demand for 5G mobile phones, Apple plans to increase iPhone production by 30% in the first half of 2021 to around 96 million units.

The Japanese government launches the third supplementary budget this fiscal year

The Japanese cabinet meeting decided on the 15th to launch the third supplementary budget for this fiscal year with fiscal expenditures exceeding 19 trillion yen (1 U.S. dollar equals 104 yen) to further increase economic stimulus. The third supplementary budget aims to implement the third large-scale economic stimulus plan proposed by the government on December 8. This plan is the third fiscal “combination punch” made by the Japanese government this year, including private investment and financing, with a total scale of 73.6 trillion yen.

Ukraine and the International Bank for Reconstruction and Development signed a US$300 million anti-epidemic financing loan agreement

According to the Ukrainian Ministry of Finance, the country recently signed a US$300 million loan agreement with the International Bank for Reconstruction and Development, and will receive the first batch of US$170 million in loans before the end of 2020. This loan is the second anti-epidemic financing loan obtained by Ukraine from the International Bank for Reconstruction and Development this year, and will be used for the “Modernization of Ukrainian Social Assistance System” project. This project was launched in 2014 to improve social assistance and service levels for low-income families.