Today's Key News Review | Dolphin Research
0920 Dolphin Research Focus:
1. The State Council Information Office held a regular press conference on the economic situation and policies, stating that "China has never achieved a pessimistic view, and it is destined not to do so in the future." It also emphasized that there is no deflation in the Chinese economy, and it will resolutely guard against the risk of exchange rate overshooting and support the stable operation of local finances, especially at the grassroots level.
1. $ XPENG-W.HK
Xpeng Motors' 2024 model G9 has officially launched, with 5 versions available at a price range of 260,000 to 359,900 yuan. Compared to the old model, the price has dropped by 46,000 to 110,000 yuan. Deliveries will begin next week. Xpeng G9 has received good consumer feedback and is considered a popular product in the new energy vehicle market. Today, Xpeng Motors' stock fell over 7%, mainly influenced by the adjustment of Chinese concept stocks and sentiment surrounding NIO's fundraising.
2. $ ALI PICTURES.HK
Alibaba Group's subsidiary in the film and entertainment industry, Alibaba Pictures, announced last night that it has acquired all the shares of Pony Media Holdings Inc., the parent company of the Damai brand. This acquisition signifies Alibaba Pictures' further expansion and increased market share in the entertainment business. This morning, Alibaba Pictures' stock briefly rose over 7%.
🐬 Leading Sectors
Shanghai/Shenzhen: Other retail, exploration and production of fossil fuels, banking industry;
Hong Kong: Investment holding companies, electronic security equipment, other materials;
US Stocks: Software distribution, medical supplies, passenger transportation.
🐬 Tomorrow's Focus
1. Federal Reserve interest rate decision (upper limit).
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