Daily hits: Sun Yanzi - "Racing"
► Ministry of Transport: It is estimated that the cross-regional population flow during the Spring Festival will reach 9 billion person-times, possibly setting a new record. The passenger traffic volume of railways, roads, waterways, and civil aviation will exceed 1.8 billion person-times, and the non-operational travel volume of small private cars on expressways and ordinary provincial and national trunk roads will reach nearly 7.2 billion person-times, with self-driving accounting for over 80%.
► Securities Times: Stock-stabilizing funds may be mobilized. On January 16, 2024, the Shanghai Composite Index hit bottom and rebounded, with the trading volume of 4 Shanghai and Shenzhen 300 ETFs significantly increasing after 2 pm. Among them, the trading volume of Jiashi Shanghai and Shenzhen 300 ETF, Huaxia Shanghai and Shenzhen 300 ETF, and Yifangda Shanghai and Shenzhen 300 ETF increased 4, 6, and 8 times respectively.
► Canalys: In the fourth quarter of 2023, the global smartphone market grew by 8%, reaching 320 million units, ending seven consecutive quarters of decline. In 2023, the total global smartphone shipments were 1.1 billion units, a year-on-year decline of 4%. Apple surpassed Samsung for the first time and became the manufacturer with the highest shipments in 2023, but both had a market share of 20%. Xiaomi, OPPO, and Transsion accounted for 13%, 9%, and 8% of the market share, respectively.
Macro Economy
1. President Xi Jinping: We must adhere to the fundamental principle of financial services for the real economy, consistently make risk prevention and control the eternal theme of financial work, promote financial innovation and development on the track of marketization and rule of law, deepen the supply-side structural reform of finance, coordinate financial openness and security, and adhere to the general tone of working steadily while seeking progress. A financial power should be based on a strong economic foundation, have leading economic strength, technological strength, and comprehensive national strength in the world, and possess a series of key core financial elements, including a strong currency, a strong central bank, strong financial institutions, strong international financial centers, strong financial supervision, and a strong financial talent team.
2. Premier Li Keqiang: The theme of this World Economic Forum annual meeting, "Rebuilding Trust," is very much in line with people's concerns. Trust is built on our vision of a better future for humanity and our willingness to work together for it. China is a country that keeps its promises and has always proven to the world with the greatest sincerity and efforts that it is the most trustworthy! Regardless of how the world situation changes, China will adhere to the basic state policy of opening up, and the door of opening up will only get wider and wider. Choosing the Chinese market is not a risk, but an opportunity.
3. State-owned Assets Supervision and Administration Commission (SASAC): Promote the central enterprises to start the year with efforts to improve quality and efficiency and strive for a "good start" in the first quarter. Enhance operational efficiency, improve expectations, and boost confidence. Strengthen market situation analysis, closely monitor price trends, adjust operating strategies in a timely manner based on industry and enterprise characteristics. Increase investment in grain security, energy and resource security, and other areas.
4. National Development and Reform Commission (NDRC): In 2023, through the implementation of the policy of substituting work for subsistence, a total of 2.534 million low-income people were employed, with an average increase of more than 14,000 yuan per person. The central investment in substitution work amounted to 10.9 billion yuan, an increase of 3.4 billion yuan compared to 2022. In key projects, substitution work was implemented, driving 1.836 million people to employment, with an average increase of more than 16,000 yuan per person.
5. Bill Gates: After ChatGPT, AI can read and write. For white-collar workers, it can handle many daily tasks and greatly improve work efficiency. Within five years, there will be a significant improvement in productivity. This has also changed the working mode in the field of science, conducting molecular dynamics simulations and prescribing drugs for candidates/patients participating in medical experiments.
6. Finance Headlines App: On January 17, 2024, at 9 a.m., the National Bureau of Statistics will release the monthly report on the sales price index of commercial housing. At 10 a.m., a press conference on the operation of the national economy will be held, announcing the monthly reports on industrial production above a certain scale, fixed asset investment (excluding rural households), real estate development and sales, and total retail sales of consumer goods. It will also release the quarterly report on national residents' income and expenditure and the utilization rate of industrial production capacity.
Real Estate News
1. The Paper: On January 16, 2024, after re-auction, the highest offer for the "Changsha New Land King" S10 plot of land in Shahuang Xingbei was 2.98103 billion yuan. The highest offer was made by Hunan Yunda Real Estate Development Co., Ltd. Compared with the highest offer by China Construction Trust and Real Estate Co., Ltd. for the plot in December 2023, it increased by 220 million yuan this time.
2. Caijing: In the first half month of 2024, several real estate companies disclosed the stage progress of debt restructuring, reaching debt reduction of varying degrees, mostly above 40%. It is expected that the risk elimination of real estate companies will accelerate in 2024. However, the completion of debt restructuring does not mean successful landing, facing an unstable sales market, real estate companies need to work hard to restore their own self-generating capabilities.
3. The Paper: Two hotel properties of Sunac Chengdu Wanda City will be auctioned, including fixed decoration and not including movable facilities of hotels, with a starting price of approximately 597 million yuan and an appraisal value of approximately 747 million yuan. The auction will be held on January 22, 2024, at 10 a.m.
4. Hubei Province: The "Chun
