[Today's Guide].

○ Strengthen supervision and risk prevention, and promote the high-quality development of China's futures industry

○ Focus on shortcomings and cutting-edge new material experimental platforms, aiming at five major areas

○ Open up a new path, the first biomass gas blending test in China was completed

[CSI Headlines].

Strengthen supervision and prevent risks, and promote the high-quality development of the futures market

A few days ago, the General Office of the State Council forwarded the "Opinions on Strengthening Supervision and Preventing Risks and Promoting the High-quality Development of the Futures Market" issued by the China Securities Regulatory Commission and other departments. The "Opinions" proposes that by 2029, an overall framework of futures regulatory system and business model with Chinese characteristics will be formed, the supervision capacity of the futures market will be significantly enhanced, and the influence and market competitiveness of commodity prices will be significantly enhanced. Prudently develop the financial futures and derivatives markets, and promote the participation of commercial banks in the pilot project of treasury bond futures trading in a prudent and orderly manner. Steadily promote the opening up of the futures market, orderly expand the scope of opening up of the commodity futures market, and study the inclusion of stock index futures and treasury bond futures in the opening up of specific varieties. Overseas futures exchanges are allowed to launch more financial products linked to domestic futures prices.

Comments: With the continuous development of the global economy, the demand for commodity futures and financial futures is becoming increasingly strong, providing a broad space for the development of the futures industry. At the same time, the support of national policies has also injected strong impetus into the futures market. In 2023, the cumulative trading volume of China's futures market will reach 8.501 billion contracts and the cumulative turnover will be 568.51 trillion yuan, an increase of 25.6% and 6.28% year-on-year, respectively. In the global futures market, China has become one of the important players and its market position is constantly improving. A-share related concept stocks mainly include Nanhua Futures (603093), Ruida Futures (002961), etc.

[CSI Focus].

Focus on the shortcomings and the construction of cutting-edge new material experimental platforms, aiming at five major areas

On October 11, the Ministry of Industry and Information Technology and the National Development and Reform Commission jointly issued the "Guidelines for the Construction of New Material Pilot Platforms (2024-2027)", focusing on the key common technologies of short-board material breakthroughs and cutting-edge material innovation, aiming at the five key areas of petrochemical industry, steel, non-ferrous metals, inorganic non-metals, and cutting-edge materials, supporting and guiding local governments to carry out the construction and capacity improvement of new material pilot platforms, and striving to build about 300 local new material pilot platforms by 2027. Cultivate about 20 high-level new material pilot platforms, solve the current problems of insufficient overall layout, low construction quality, and insufficient service support of China's pilot platform, and create a pilot platform system with professional construction, market-oriented operation and open service.

Comments: As the foundation and forerunner of high and new technology, new materials have a wide range of applications, and are one of the most important and promising fields in the 21st century. The development momentum of the new materials industry mainly comes from many aspects. First of all, the demand for new materials in global industrial development is increasing, especially in industrial fields such as aerospace, electrical and electronics, medical devices, and automobiles. Secondly, the attention and policy support of governments to new materials are also important factors to promote their development. In addition, the advent of a new round of scientific and technological revolution also provides new opportunities for the development of new material technology. The output value of China's new materials industry continues to grow, with a total output value of 7.9 trillion yuan in 2023 and is expected to exceed 10 trillion yuan in 2025. A-share related concept stocks mainly include Powerway Alloy (601137), Kuang-Chi Technology (002625), etc.

【Selected News】

○ Finance Minister Lan Foan said at a press conference of the State Council Information Office on October 12 that the Ministry of Finance will launch a package of targeted incremental policy measures in the near future.

○ National Bureau of Statistics: Consumer prices rose by 0.4% year-on-year in September 2024, and the ex-factory prices of industrial producers nationwide fell by 2.8% year-on-year and 0.6% month-on-month.

○ The People's Bank of China and other four departments issued the "Opinions on Giving Play to the Role of Green Finance to Serve the Construction of a Beautiful China". The "Opinions" make it clear that focusing on the actual needs of the construction of a beautiful China, we will make overall plans for a number of landmark major engineering projects and increase docking financing support.

○ On October 11, the ministerial meeting of the Ministry of Water Resources said that it would make every effort to promote the construction of major national water network projects.

○ Zhao Zhiguo, chief engineer of the Ministry of Industry and Information Technology, said on the 12th that it is necessary to promote the quality and expansion of network facilities and accelerate the large-scale commercial use of 5G-A and 10 Gigabit optical networks.

○ The Shandong Provincial Department of Natural Resources announced that it has completed the evaluation and identification of iron-rich ore exploration resources in the Qihe-Yucheng area of Dezhou City, and the exploration of iron-rich ore resources in the area has reached 104 million tons, which is the first 100-million-ton iron-rich ore in China.

○ United States Space Exploration Corporation's new generation of heavy-lift launch vehicle "Starship" was launched on the 13th, which is the fifth test flight of "Starship", and will try for the first time to capture the booster in mid-air with the robotic arm of the launch tower to achieve recovery.

[Sankei perspective].

To open up a new path, the first biomass gas blending test in China was completed

Recently, with the opening of the manual door of the biomass gas inlet of the roaster, the biomass gas produced by the Yuanping biomass gas production project of Shanxi Company and the natural gas of the roaster have been successfully blended, marking the successful opening of the key node of the first biomass gas and alumina roasting coupling project in China. The success of this blending experiment has opened up a new path for the comprehensive utilization of biomass and the green development of the industry. A-share related concept stocks mainly include Zhongmin Energy (600163), Evergreen Group (002616), etc.

[Company News].

Guangzhi Technology plans to purchase 100% of the shares of Pioneer Conductive Technology, a PVD sputtering target company

Guangzhi Technology (300489) intends to purchase 100% of the shares of Pioneer Rare Materials, Zhongjin Jiatai, Qingdao Yuechi, BYD, Xinjiang TBEA and other 55 shareholders through the issuance of shares and cash payment, and at the same time intends to issue shares to no more than 35 specific investors to raise matching funds. LEAD is committed to the R&D, production and sales of advanced PVD sputtering targets and evaporation materials, as well as the recycling, purification, preparation and sales of high-purity dispersed metals and compounds, which are mainly used in downstream markets including display panels, advanced photovoltaics, semiconductors and new solid-state fuel cells. After the completion of the transaction, the controlling shareholder of the company is expected to be changed to Pilot Rare Materials, and the actual controller is still Zhu Shihui. The company's shares will resume trading from the opening of the market on October 14.

○ Hekeda (002816): Yingquan District State-owned Assets Supervision and Administration Commission intends to become the actual controller of the company.

○ Zhongfu Industrial (600595) plans to acquire 24% of the shares of Zhongfu Aluminum held by the controlling shareholder for 1.254 billion yuan.

○ SDIC Power (600886) plans to invest 962 million pounds to build the Yingqijiao wind power project.

○ Xilinmen (603008) plans to raise no more than 850 million yuan from the subsidiary of the controlling shareholder for the Xilinmen Smart Home Industrial Park project (Phase II).

○ China Automotive Research Institute (601965) signed a strategic cooperation agreement with Li Auto.

○ Geke Micro (688728) 50 million pixel image sensor products were mass-produced and shipped.

○ Vosges shares (002083) plans to repurchase shares from 100 million yuan to 200 million yuan.

○ The chairman of Huada New Materials (605158) proposed to repurchase the company's shares with 100 million yuan to 200 million yuan.

○ Yujing Co., Ltd. (002943) signed a contract of about 244 million yuan.

○ Kehua Data (002335) won the bid for a new energy shared energy storage power station project of 147 million yuan.

○ Dalian Electric Porcelain (002606) net profit in the first three quarters increased by 236.05%-339.45% year-on-year.

○ Rockchip (603893) net profit in the first three quarters increased by 339.75%-365.62% year-on-year.

○ Espressif Technology's (688018) net profit in the first three quarters is expected to increase by about 188% year-on-year.

[Capital Tide View].

○ On October 11, the net outflow of main funds in Shanghai and Shenzhen was 97.385 billion yuan. The top three sectors with net inflows of main funds were petroleum, jewelry and packaging materials, with net inflows of 137 million yuan, 44.20 million yuan and 37.5312 million yuan respectively. The top three stocks with net inflows of main funds are N Qiangbang, Cialis and Hongta Securities, with net inflows of 1.053 billion yuan, 434 million yuan and 417 million yuan respectively.

○ Runhe Software (300339) rose 17.03% on October 11. According to the data of the after-hours Dragon and Tiger List, the top five buying seats are all buying more than 100 million yuan. The largest buying seat was Guotai Junan's Shanghai Haiyang West Road Securities Business Department, with a purchase amount of 223 million yuan. The largest selling seat was the Second Securities Business Department of Oriental Wealth Securities Lhasa East Ring Road, with a selling volume of 155 million yuan.

[Week in review].

○ The key information of this week's China Securities Express includes: four departments issued a document to strengthen the access and management of electric bicycle products, open up the inter-satellite link Beidou satellite navigation system accurate global service, the milestone of the domestic operating system Huawei pure-blooded Hongmeng officially opened for public testing, and the demand is growing rapidly, the network data security management regulations are announced, etc., and the related concept stock market is performing well.