Morning News|Ampang issued an open letter: I did not listen to Hu Shuli's opinion not to invest in Minsheng Bank. The troubles continued after this; the Chinese market dragged down the iPhone's sales in the first quarter.

Macro

[Zhengzhou Restricted Purchase and Upgrade: Restricted Purchase Expanded to Xinzheng Yuyang Zhongli City)

In the early morning of the 3rd, the Zhengzhou Municipal People's Government website issued a notice to further strengthen the control measures to stabilize the city's real estate market. Including the restricted purchase area to increase Xinzheng City, Fuyang City, Zhongmu County; suspend the sale of housing to single-person households with one or more (including one) housing; if the purchase is less than 3 years, it is not allowed to be listed and transferred. (Zhengzhou City Government Website)

[Economic Information Daily: The fundamental way to maintain financial security is reform]

The Economic Reference Header Edition stated that maintaining financial security has become an important goal of China's economic work and has been regarded as a "strategic and fundamental" event by the central government. Considering the volatility of China's stock exchange market in the past few years, the outbreak of risk events at the micro level, and the emergence of regulatory loopholes, it is necessary for senior leaders to emphasize financial security at this time. In the future, it is necessary to maintain China's financial security by further deepening financial reforms on the basis of comprehensive and objective evaluation of financial development in the past few years. (Economic Information Daily)

[In April, new loans are expected to maintain a high growth rate in infrastructure investment.]

The National Bureau of Statistics will release macroeconomic data for April. Industry insiders expect that new loans will fall in April, and broad money M2 growth will remain stable; CPI will increase by about 1.1% year-on-year, and PPI will fall to about 6.3% year-on-year; fixed asset investment growth will remain flat, and infrastructure investment will still remain Maintain a high growth rate. The tone of the regulatory policy will be based on risk prevention and restructuring. (China Securities Journal)

the company

[Ampang issued an open letter: I did not listen to Hu Shuli’s opinion not to invest in Minsheng Bank.

On the morning of May 3, Anbang Group published an open letter to Ms. Hu Shuli on its official website, saying that because Ampang did not adopt Hu Shuli's opinion and took a stake in Minsheng Bank, it was troublesome. Caixin’s series of reports on Ampang’s years of plausibility are mostly plausible, deliberately discredited and filthy, and will be prosecuted. (Ampang Insurance Group official website)

[The crab island fire is not only the passenger car but also more than 80 million subsidies]

On May 1st, an electric bus crash occurred in the parking lot of Crab Island Resort in Chaoyang District, Beijing. It was initially found that the cause of the fire was the rapid burning of the stacked willow catkins and the parking lot. Further reasons are still under investigation. As the number involved exceeds 80, the market price is estimated to be 100 million yuan. If you consider that each electric bus has a financial subsidy of 1 million, this fire is equivalent to burning more than 80 million yuan in subsidies. (Daily Economic News)

[Ankai responds to the bus on fire: there is no battery explosion in the unoperated vehicle]

The "Daily Economic News" reporter learned that the total number of new energy vehicles burned by the Crab Island fire was 89, belonging to Beijing Tianma Tongchi Car Rental Co., Ltd., and was produced and sold by Ankai Bus. In addition, there are 16 other social vehicles. Ankai Bus responded exclusively to the reporter of "Daily Economic News": "The Ankai electric car has no record of charging and discharging when it is on fire, and it is not in operation, so it can be determined that it is not a problem with the vehicle itself." (Daily Economic News)

[Guizhou alcohol several products retail price waist 斩 ​​executives said the original price is too high]

Guizhou's latest alcohol dealers are almost in the market for the sale of high-end liquor products in the market. At the same time, they claim that they will not develop more than 380 yuan per 500 ml in the next five years. The general manager of the sales company said that the price cut was mainly because the original team was overpriced for related products, and the value of its own products could not support this price. (Daily Economic News)

[BMW 5 Series 蝉联豪车 complaint list top three engine hub burning oil problem most concentrated]

The Audi A6L, Mercedes-Benz E-Class and BMW 5 Series models have become the three most complaints models. The BMW brand's complaints are among the highest in the year, while the BMW 5 Series ranks in the top three for three consecutive years. According to the record, the problem of the wheel hub, the engine (oil leakage, jitter, abnormal noise, etc.) and the problem of burning oil are the most concentrated, and the owner complained repeatedly. (rule of law weekend)

market

[The construction of the trillion-scale pipe gallery has entered a huge period of investment in Xiong'an New District]

Under the innovation of financing mode, the gradual decline of construction costs and the continuous advancement of the State Council, the construction of underground pipe corridors is expected to enter the “fast lane”. Among them, the three provinces, the southwest region and the newly established Xiong'an New District will become dense areas for the construction of underground pipe corridors. Northeast Securities believes that as a “millennial plan”, Xiong’an will build a new type of city with green wisdom, beautiful ecology, high-end industry, high-quality service and fast transportation. The construction of underground pipe gallery is highly certain. Northeast Securities estimates that the investment in the long-term underground pipe gallery of Xiong'an New District may even reach 100 billion. (First Financial Daily)

[Debt-to-equity swap institution is about to land the construction of the Bank of China Agricultural Bank's financial assets approved for construction]

It is reported that the China Banking Regulatory Commission has approved the establishment of CCB Financial Assets Investment Co., Ltd. and Agricultural Bank Financial Assets Investment Co., Ltd. According to relevant sources, the financial asset investment company approved this time is the debt-to-equity swap institution. According to an exclusive report from the Shanghai Securities Journal, the regulatory authorities are entrusting relevant agencies to formulate documents to actively and steadily promote market-oriented debt-to-equity swaps. The first draft of the document entrusted by the regulatory authorities to the relevant institutions mentioned that eligible banks can apply to the CBRC to establish a new debt-to-equity specialized subsidiary while making full use of the existing investment platform. (Shanghai Securities News)

[Rising interest rate cuts and interest rates are the central bank's interest rate policy. Mortgage loan pricing is the bank's autonomous behavior]

Interest rate hikes are the central bank's interest rate policy. Although the “targeted rate hike” can describe the current upward trend of mortgage loan prices, it is easy to give the illusion that the regulatory authorities are involved in the mortgage pricing of these cities. In fact, whether it is from the public information or the actual situation of understanding, the pricing of mortgage loans is basically the bank’s autonomous behavior, but it is the result of combining various factors. The current mortgage pricing is neither “directed rate hike”. It is also impossible to fundamentally reverse the general trend. (Securities Daily)

[Essence Securities became the first securities company approved to enter Xiong'an New District]

SDIC Announced that the wholly-owned subsidiary Anxin Securities has been approved to establish 27 branches in Xiong'an New District, Xinjiang, Beijing, Shenzhen, Guangxi, Anhui, Jiangsu and other places in Hebei Province. The move means that Essence Securities became the first securities company approved to enter the Xiong'an New District. (Securities Times)

International

[The Chinese market drags down the iPhone's sales surprise in the first quarter]

Apple announced its second-quarter report, which showed that earnings per share for the quarter were $2.10, and $2.02 was expected. The quarter's revenue was 52.9 billion US dollars, expected to be 53.1 billion US dollars, of which iPhone sales were 33.2 billion US dollars, accounting for 63% of the company's total revenue, a decrease of 69% from the previous quarter. In the quarter, iPhone 50.8 million units were sold, with an expected sales of 51.4 million units; iPad sales in the quarter fell 13% year-on-year to 10.3 million units; the Mac sold 4.2 million units in the quarter, down from 4.034 million units in the same period last year. Net profit for the quarter was $11.03 billion, equivalent to $2.10 per share, an increase of 4.8% year-on-year. In the quarter, Greater China market revenue was 10.7 billion US dollars, down 14% year-on-year, which was the fifth consecutive quarter of decline.

Apple's share price closed up 0.63% on Tuesday, closing at $147.51 per share, up 22% since Apple's first-quarter earnings report on January 31 this year. Apple's share price fell to 2.37% after the close, temporarily reported at $144.02, off the closing record high of $147.51. (Wall Street sees)

[Nasdaq renewed record closing record]

The S&P 500 index closed up 2.84 points, or 0.12%, to 2391.17 points. The Dow Jones Industrial Average closed up 36.43 points, or 0.17%, to 20,949.89. The Nasdaq Composite Index closed up 3.77 points, or 0.06%, to 6095.37 points, of which Apple's stock price closed up 0.63% to $147.51, a record high. (Wall Street sees)

[The oil market closed down more than 2% of oil to repel OPEC's gains since the oil production reduction agreement, after the Saudi Crown Prince expected the oil price to be at least 45 US dollars]

WTI June crude oil futures closed down 1.18 US dollars, down 2.42%, to 47.66 US dollars / barrel, hit a new low since March 21, and once closed a six-month low to 47.50 US dollars. Brent June crude oil futures closed down 1.06 US dollars, down 2.06%, to 50.46 US dollars / barrel, the lowest closing since November 29, 2016 before OPEC reached the oil production reduction agreement. The Crown Prince expects an optimistic expectation for crude oil price prospects to be $55 and a low of $45. (Wall Street sees)