The Economic Information Agency reported on the 21st that the national team for data was announced yesterday, and the Shanghai and Shenzhen stock markets opened higher collectively this morning, with the SSE Composite Index opening 0.14% higher at 3,740.57 points, the Shenzhen Component Index opening 0.32% higher, and the ChiNext Index opening 0.28% higher; AI applications and media entertainment stocks performed well at the beginning of trading, while coal and oil-related resource stocks opened lower.
Yesterday, the State-owned Assets Supervision and Administration Commission of the State Council announced the establishment of State Data Group Co., Ltd. in Xiong'an New Area, Hebei. According to Xinhua News Agency, the group is a central enterprise primarily responsible for the development and utilization of data resources. The group's establishment aims to promote the development and utilization of data resources, release the value of data elements, support the development of artificial intelligence, and foster a thriving data industry ecosystem. Under the guidance of relevant departments, the group will strengthen coordination between central and local governments, deepen industrial collaboration, promote shared capabilities, shared experiences, and joint business expansion, collectively expanding data value, strengthening the data industry, and optimizing the data ecosystem. Analysts say this move will significantly improve the efficiency of data resource allocation and accelerate the construction of a nationwide integrated data market.
On individual stocks, CATL (Shenzhen: 300750), China's leading动力电池 (power battery) company, reported third-quarter net profit below expectations and opened nearly 5% lower this morning at 246.13 yuan (RMB, same below). The company announced yesterday that its net profit for the third quarter reached 21.25 billion yuan, a year-on-year increase of 14.5%, but a quarter-on-quarter decline of 5.8%; revenue for the same period reached 165.22 billion yuan, up 58.6% year-on-year. Net profit for the first half of the year reached 43.28 billion yuan.
Additionally, today the PBOC conducted zero 7-day reverse repo operations; meanwhile, it carried out 8 billion yuan of overnight reverse repo operations. There were 5.6 billion yuan of reverse repos maturing in the open market, resulting in a net injection of 2.4 billion yuan today. (ry)
Yesterday, the State-owned Assets Supervision and Administration Commission of the State Council announced the establishment of State Data Group Co., Ltd. in Xiong'an New Area, Hebei. According to Xinhua News Agency, the group is a central enterprise primarily responsible for the development and utilization of data resources. The group's establishment aims to promote the development and utilization of data resources, release the value of data elements, support the development of artificial intelligence, and foster a thriving data industry ecosystem. Under the guidance of relevant departments, the group will strengthen coordination between central and local governments, deepen industrial collaboration, promote shared capabilities, shared experiences, and joint business expansion, collectively expanding data value, strengthening the data industry, and optimizing the data ecosystem. Analysts say this move will significantly improve the efficiency of data resource allocation and accelerate the construction of a nationwide integrated data market.
On individual stocks, CATL (Shenzhen: 300750), China's leading动力电池 (power battery) company, reported third-quarter net profit below expectations and opened nearly 5% lower this morning at 246.13 yuan (RMB, same below). The company announced yesterday that its net profit for the third quarter reached 21.25 billion yuan, a year-on-year increase of 14.5%, but a quarter-on-quarter decline of 5.8%; revenue for the same period reached 165.22 billion yuan, up 58.6% year-on-year. Net profit for the first half of the year reached 43.28 billion yuan.
Additionally, today the PBOC conducted zero 7-day reverse repo operations; meanwhile, it carried out 8 billion yuan of overnight reverse repo operations. There were 5.6 billion yuan of reverse repos maturing in the open market, resulting in a net injection of 2.4 billion yuan today. (ry)
