Zhitong Hong Kong Stock Early Knowledge | Central Office and State Council: Promote the coordinated development of smart city infrastructure and intelligent connected vehicles. Lan Fo'an: Accelerate the implementation of a package of implicit debt resolution policies

[Today's Headlines]

Ministry of Finance: A 20% price evaluation preference for domestic products in government procurement activities compared to non-domestic products

The Ministry of Finance has publicly solicited opinions on the "Notice on Matters Related to Domestic Product Standards and Implementation Policies in the Field of Government Procurement (Draft for Comments)." The draft proposes to grant a 20% price evaluation preference for domestic products compared to non-domestic products in government procurement activities. After the issuance of the notice, the Ministry of Finance will work with relevant departments to formulate requirements for the cost ratio of domestically produced components for related products, as well as requirements for key components and key processes for specific products, based on sufficient consultation with various parties, including domestic and foreign enterprises and industry associations, within 3 to 5 years. Prior to this, as long as the product is produced within China, it will be regarded as a domestic product in government procurement activities.

[Market Outlook]

Overnight U.S. Stocks: All three major indices closed lower

As of the close of the overnight U.S. stock market, the Dow Jones Industrial Average fell 248.33 points, a decrease of 0.55%, closing at 44,765.71 points; the Nasdaq Composite Index fell 34.86 points, a decrease of 0.18%, closing at 19,700.26 points; the S&P 500 Index fell 11.38 points, a decrease of 0.19%, closing at 6,075.11 points. Tesla (TSLA.US) rose over 3%, continuing to hit a new high since April 2022, while Intel (INTC.US) fell over 5%. The Nasdaq China Golden Dragon Index rose 0.4%, with popular Chinese concept stocks showing mixed results; JD.com and Baidu rose over 1%, while XPeng and TAL Education fell over 1%. The Hang Seng Index ADR fell, closing at 19,556.41, down 4.03 points or 0.02% compared to the Hong Kong closing.

[Hot Topics Ahead]

General Office of the CPC Central Committee and State Council: Promote the coordinated development of smart city infrastructure and intelligent connected vehicles

The General Office of the CPC Central Committee and the General Office of the State Council issued opinions on promoting the construction of new urban infrastructure to create resilient cities. The opinions propose to promote the coordinated development of smart city infrastructure and intelligent connected vehicles. Taking the support for intelligent connected vehicle applications and improving urban travel as the entry point, a perception system integrating urban roads, buildings, and public facilities will be constructed. The development of "5G + Internet of Vehicles" will be further advanced, gradually and steadily promoting the application of assisted driving and autonomous driving, accelerating the deployment of intelligent perception systems for urban road infrastructure, and enhancing vehicle-road collaboration levels. The promotion of multi-scenario applications of intelligent connected vehicles will meet the demands of intelligent transportation.

Lan Fo'an: Accelerate the implementation of a package of hidden debt resolution policies

The magazine "Current Affairs Report" published an article signed by Minister of Finance Lan Fo'an titled "Accelerate the Implementation of a Package of Hidden Debt Resolution Policies." The article points out that the Ministry of Finance will effectively enhance its political stance, closely cooperate with local governments, and work with relevant departments to strengthen policy coordination, forming a collaborative effort to promote the effective implementation of debt resolution policies and ensure that the hidden debt resolution policies issued by the Central Committee of the Communist Party of China are well executed.

Guangzhou will implement total control over electric bicycles at an appropriate time

The "Regulations on the Management of Electric Bicycles in Guangzhou" will take effect on December 30. Article 50 of the regulations states: The municipal government may implement total control over electric bicycles based on the development status and orientation of urban road traffic, comprehensively considering the reasonable demand for transportation The head of the Guangzhou Municipal Justice Bureau introduced that as of now, the number of registered electric bicycles in Guangzhou has approached 5.6 million and is still growing. However, the road traffic capacity in Guangzhou and the allocation and provision of resources such as vehicle parking and charging facilities are limited, especially in the central urban area where this contradiction is more pronounced.

Guangzhou sees private enterprises acquiring land for the first time this year, with Greentown and Longfor each winning residential land in Haizhu and Panyu

According to the Guangzhou Municipal Planning and Natural Resources Bureau, Longfor and Greentown have successively won the BA0104082 plot on the east side of the Xinguang Expressway in Luopu Street, Panyu District, and the AH101303 plot in Haizhu District. The transaction amount for the BA0104082 plot in Panyu District is 1.253 billion yuan, with a floor price of 14,690 yuan/square meter and a premium rate of 0.8%; for the AH101303 plot in Haizhu District, the transaction amount is 2.416 billion yuan, with a floor price of 33,800 yuan/square meter. The total transaction amount for the two plots exceeds 3.66 billion yuan.

Huawei Mate70 series increases orders by 30% to 17 million units

According to the supply chain, Huawei has increased orders for the Mate70 series by 30%, raising the total stock to 17 million units. On December 4th at 10:08, the Huawei Mate70 series officially went on sale, selling out instantly on the Huawei Mall, with long queues of buyers at offline stores. According to Huawei channels, all specifications and colors of the Huawei Mate70 series have varying degrees of premium, ranging from 300 yuan to 2,000 yuan.

Ganfeng Lithium (01772) plans to transfer 35% equity in LMSA to the Malian government to support the development of the Goulamina lithium spodumene phase II project

According to Zhitong Finance APP, Ganfeng Lithium announced that its wholly-owned subsidiary Ganfeng International Co., Ltd. (hereinafter referred to as "Ganfeng International"), Lithium du Mali SA (hereinafter referred to as "LMSA"), and the Republic of Mali (hereinafter referred to as "Mali") have signed an "Equity Transfer Agreement," in which the company will transfer 35% of its equity in LMSA to the Malian government. According to relevant provisions of Mali's national mining law, the Malian government will receive 10% of LMSA's equity for free; the Malian government will purchase 25% of LMSA's equity from the company at a transaction price of 20 billion West African francs (approximately 32 million USD). Meanwhile, the company, LMSA, and affiliated companies will receive investment incentives granted by the Malian government, which will actively support the development of the Goulamina lithium spodumene phase II project.

New stock news | Energy drink manufacturer Dongpeng Beverage (605499.SH) is considering a Hong Kong listing to raise up to HKD 7.8 billion

According to Zhitong Finance APP, Dongpeng Beverage, a mainland energy drink manufacturer, is considering a Hong Kong listing and is looking for financial advisors to handle the matter, with the earliest possible listing expected next year to raise up to USD 1 billion (approximately HKD 7.8 billion). Insiders also revealed that the related Hong Kong listing plan is still under review, and details including the scale may still change Zhixing Automotive Technology ( 01274 ) will cooperate with Horizon ( 09660 ) to develop a full-stack intelligent driving solution based on J6E

According to market news, Zhixing Automotive Technology will reach a strategic cooperation with Horizon, and both parties will develop an intelligent driving solution based on Horizon's Journey series J6E chip, targeting the mid-range intelligent driving market of 100,000 to 150,000. The J6E chip has a single-chip computing power of 80 TOPS, supporting functions such as high-speed navigation, automatic parking, and urban memory navigation. The complete solution based on J6E is priced below 5,000 yuan, supports passive cooling, and can be used in fuel vehicles, making it a highly cost-effective solution. Earlier industry news indicated that BYD will also adopt the OrinN and Horizon J6E solutions next year to promote the mass production of intelligent driving functions in its Ocean Network models.

China Securities Regulatory Commission issues "full circulation" filing notice for October Rice Field ( 09676 ) domestic unlisted shares

The International Cooperation Department of the China Securities Regulatory Commission issued a notice regarding the "full circulation" filing for the domestic unlisted shares of October Rice Field Group Co., Ltd. The filing materials for the "full circulation" of the company's domestic unlisted shares have been received, and five shareholders of the company intend to convert a total of 165,518,980 shares of domestic unlisted shares into overseas listed shares and list them for trading on the Hong Kong Stock Exchange.

【Stock Highlights】

China Biologic Products Holdings (01177) collaborates with Baoxin and Aclaris Therapeutics to reach a global cooperation agreement

According to Zhitong Finance APP, China Biologic Products announced that the group and Baoxin Biotechnology (Nanjing) Co., Ltd. (Baoxin) have reached a global cooperation agreement with Aclaris Therapeutics, Inc. regarding their jointly developed TSLP monoclonal antibody "BSI-045B (TQC2731)."

At the same time as the cooperation agreement was reached, Aclaris Therapeutics entered into a licensing agreement with Baoxin, obtaining exclusive authorization for the development, production, and commercialization of BSI-045B (TQC2731) and another preclinical product globally (excluding mainland China, Macau, Hong Kong, and Taiwan). According to the terms of the cooperation and licensing agreements, Aclaris Therapeutics agrees to pay a total of over $40 million in cash as an upfront payment and bear part of the development costs and drug product material expenses, as well as 19.9% equity in Aclaris Therapeutics (stock number NASDAQ: ACRS, with a total value of nearly $54 million based on the closing price on December 4, 2024), with potential milestone payments exceeding $900 million for R&D and sales, and a unit-based sales share. The group will receive a portion of the transaction price mentioned above BSI-045B (TQC2731) is a humanized monoclonal antibody targeting thymic stromal lymphopoietin (TSLP), which can prevent TSLP-targeted immune cells from releasing pro-inflammatory cytokines. Currently, BSI-045B (TQC2731) is undergoing Phase III clinical trials in China and Phase II clinical trials globally, with indications including asthma, chronic sinusitis with nasal polyps, and atopic dermatitis.

【Disclaimer】This VIP information product is for discussion purposes only and does not constitute any investment advice. Unauthorized reproduction is strictly prohibited. For more quality information and data products, please log in to the【智通财经】app for inquiries.