These important weekend news may affect the stock market

　　The Tariff Commission of the State Council decided to impose additional tariffs on approximately $75 billion worth of imports originating from the United States.

　　In response to the US measures, China was forced to take countermeasures. According to the Customs Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China, the Import and Export Tariff Regulations of the People's Republic of China, and basic principles of international law, with the approval of the State Council, the Tariff Commission of the State Council decided to impose additional tariffs of 10% and 5% on 5,078 tariff items originating from the United States, totaling about $75 billion, implemented in two batches starting from 12:01 on September 1, 2019, and 12:01 on December 15, 2019.

　　The spokesperson of the Ministry of Commerce made a statement regarding the US announcement to further increase tariffs on Chinese goods exported to the US.

　　On August 24, the US announced it would raise tariffs on about $550 billion worth of Chinese goods exported to the US. China firmly opposes this. Such unilateral, bullying trade protectionism and extreme pressure actions violate the consensus between the heads of China and the US, violate the principles of mutual respect, equality, and mutual benefit, seriously undermine the multilateral trading system and normal international trade order, and will inevitably backfire. China strongly urges the US not to misjudge the situation, not to underestimate the determination of the Chinese people, and to immediately stop the wrong actions, otherwise all consequences will be borne by the US.

　　The People's Bank of China issued an announcement regarding the interest rates on newly issued commercial personal housing loans.

　　According to the People's Bank of China announcement, starting from October 8, 2019, the interest rates on newly issued commercial personal housing loans will be formed based on the loan prime rate of the corresponding term in the most recent month plus a spread. The spread value should comply with national and local housing credit policy requirements, reflect loan risk status, and remain fixed during the contract term. The interest rate for the first commercial personal housing loan shall not be lower than the loan prime rate of the corresponding term, and the interest rate for the second commercial personal housing loan shall not be lower than the loan prime rate of the corresponding term plus 60 basis points.

　　[Finance · Securities]

　　The capital market deepening reform plan has taken shape; A-shares will welcome a series of major benefits.

　　According to First Financial, reporters learned today from the China Securities Regulatory Commission that the capital market deepening reform plan has basically taken shape. The A-share market will soon receive a series of major benefits in areas such as basic system reforms, legal protections, quality of listed companies, and long-term capital inflows. A relevant official from the CSRC also stated that the escalation of China-US trade frictions was expected. Currently, China's capital market resilience to external shocks has significantly increased. "We will maintain our determination, intensify reforms, stimulate market vitality, and promote the long-term stable and healthy development of the capital market."

　　FTSE Russell confirms A-share weighting expansion by 3 times! These stocks have been newly included.

　　In the early hours of August 24 Beijing time, the well-known index compiler FTSE Russell announced the results of its flagship index's quarterly adjustment for September 2019. This quarterly adjustment raised the inclusion factor of China's A-shares from 5% to 15% as scheduled. The announcement shows that its flagship index, the FTSE Global Equity Index Series (hereinafter referred to as FTSE GEIS), newly included 87 Chinese A-shares this time, including 14 large-cap A-shares, 15 mid-cap A-shares, 50 small-cap A-shares, and 8 micro-cap A-shares. In addition, some A-share stocks included in the first batch underwent market capitalization classification adjustments. These changes will take effect before the market opens on September 23.

　　A 50 trillion foreign capital giant is bottom-fishing A-shares again.

　　Entering the second half of the year, foreign private equity layout is accelerating, with the number of products issued this year already exceeding last year's total. On August 21, BlackRock, the world's largest asset management company, through its wholly foreign-owned private equity securities investment fund manager (WOFE PFM), filed its third China private equity fund after more than half a year, stating that A-shares still have relative valuation advantages and the opportunity for excess returns is greater than last year. On the same day, Value Partners and Anzhong Investment also filed new private equity fund products, both very optimistic about China's economic resilience and obvious market investment opportunities.

　　The China Securities Regulatory Commission publicly solicits opinions on the "Several Provisions on the Pilot Program for Domestic Listing of Subsidiaries Spun off by Listed Companies".

　　Recently, the CSRC drafted the "Several Provisions on the Pilot Program for Domestic Listing of Subsidiaries Spun off by Listed Companies" and has publicly solicited opinions from society since August 23. The CSRC prudently assessed market development and real economy needs, summarized regulatory experience of A-share listed companies spinning off to overseas listings, and formulated the "Several Provisions" to regulate pilot conditions and procedures for spin-offs, carrying out pilot programs for A-share listed companies spinning off to domestic listings.

　　The CSRC issued the "Special Provisions on Major Asset Restructuring of Sci-Tech Innovation Board Listed Companies".

　　To implement the pilot reform requirements of the registration system for mergers and acquisitions of Sci-Tech Innovation Board listed companies, establish an efficient merger and acquisition system, and regulate the merger and acquisition behavior of Sci-Tech companies, the CSRC issued the "Special Provisions on Major Asset Restructuring of Sci-Tech Innovation Board Listed Companies." The "Special Provisions" adhere to market-oriented and rule-of-law principles, highlight the inclusiveness and adaptability of the Sci-Tech Innovation Board system, and stipulate key issues such as the recognition standards for major asset restructuring of Sci-Tech companies, issuance pricing mechanisms, and innovative pilot red-chip enterprise mergers and acquisitions.

　　[Industry · Company]

　　The Tariff Commission of the State Council decided to resume additional tariffs on automobiles and parts originating from the United States.

　　To defend the multilateral trading system and protect its legitimate rights and interests, according to the Customs Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China, the Import and Export Tariff Regulations of the People's Republic of China, and basic principles of international law, with the approval of the State Council, the Tariff Commission of the State Council decided to resume additional tariffs of 25% and 5% on automobiles and parts originating from the United States starting from 12:01 on December 15, 2019.

　　The General Office of the State Council issued the "Opinions on Further Stimulating the Potential of Cultural and Tourism Consumption."

　　The "Opinions" point out that guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, in response to the new trend of upgrading the quality and transformation of cultural and tourism consumption, deepen supply-side structural reform in the cultural and tourism fields, improve the quality level of cultural and tourism consumption, continuously stimulate the potential of cultural and tourism consumption, and enhance the people's sense of gain and happiness through high-quality cultural and tourism supply.

　　Domestic live pig prices break historical highs.

　　This week, domestic live pig prices broke historical highs. Under the severe imbalance of supply and demand, the live pig market remains strong. Currently, pig farming enterprises can earn 800 to 1,000 yuan per head, and related listed companies have shown obvious willingness to expand capacity recently. Analysts point out that there is still a significant gap in domestic live pig capacity, and pig prices are expected to continue rising before the Spring Festival next year.

　　365 stocks have fallen continuously for 3 days or more.

　　According to Wind data, as of August 23, 365 stocks have fallen continuously for 3 days or more, *ST Xinwei has fallen for 33 consecutive days, and Nobon Co. has fallen for 7 consecutive days.

　　*ST Xinwei has fallen cumulatively by 91.66%, ranking first in decline; Junhe Co. has fallen cumulatively by 26.62%, ranking second; Hanchuan Intelligent has fallen cumulatively by 23.80%.

　　*ST Xinwei announced that as of August 14, the total amount of actual external guarantees provided by the company and its controlling subsidiaries (including guarantees to controlling subsidiaries) was 10.6 billion yuan, accounting for 144.79% of the company's most recent audited net assets.

　　[New Stocks · Market]

　　Three New Stocks Available for Subscription Next Week

　　According to the current schedule, three new stocks will be available for subscription next week (August 26 - August 30). On August 27 (next Tuesday), Ruida Futures will be listed on the SME Board, with the online subscription code "002961" and a subscription limit of 13,500 shares; on August 28 (next Wednesday), Zhongke Soft and Ambow will be listed on the Shanghai Main Board and the STAR Market respectively, with online subscription codes "732927" and "787168", and subscription limits of 12,000 shares and 3,500 shares respectively.

　　Next Week's Unlocking Scale Drops Significantly Week-on-Week

　　According to Wind data, companies with large numbers of restricted shares unlocking next week include Maoye Commercial, Shanghai Electric, Shanghai Electric Power, etc., each with over 200 million shares. Overall, a total of 2.738 billion restricted shares will be unlocked next week, with a market value of about 21.5 billion yuan, both significantly lower than this week.

　　Over 2,000 Companies to Disclose Interim Reports Next Week

　　Next week marks the conclusion of interim report disclosures for listed companies. According to the pre-disclosure schedule of periodic reports by the Shanghai and Shenzhen Stock Exchanges, 2,015 companies will announce their mid-term results next week. Among them, 976 have already previewed their performance: 197 expect growth, 153 expect decline, 42 continue profitability, 98 continue losses, 128 report first-time losses, 66 turn losses into profits, 166 slightly increase, 105 slightly decrease, and 21 are uncertain.