9:01 Krypton | It is reported that Apple’s negotiations with Hyundai and Kia on electric vehicles have been suspended in the near future; Samsung’s sale of LCD plants in China has been approved by the South Korean government; the Nasdaq has risen over 6% this week.

9:01 Krypton | It is reported that Apple’s negotiations with Hyundai and Kia on electric vehicles have been suspended in the near future; Samsung’s sale of LCD plants in China has been approved by the South Korean government; the Nasdaq has risen over 6% this week.

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big company

Reuters: SoftBank expects to raise approximately US$550 million through two SPACs

Reuters news on February 6, Friday’s regulatory documents show that two blank check companies (SPAC, special purpose mergers and acquisitions companies) backed by SoftBank Group plan to raise a total of approximately US$550 million through initial public offerings (IPOs). (interface)

It is reported that Apple’s negotiations with Hyundai and Kia on electric vehicles have been suspended in the near future

According to foreign media citing people familiar with the matter, Apple has negotiated with Hyundai and Kia Motors on the production of electric vehicles, but the negotiations have recently been suspended. People familiar with the matter said that Apple has also been discussing similar plans with other automakers. Apple declined to comment. According to reports, it is unclear whether Apple and Hyundai will restart negotiations, and when they will restart. A person familiar with the matter said that there are other issues, one of which is a dispute within the Hyundai Group, that is, which of the Hyundai and Kia brands may produce cars for Apple. The person familiar with the matter said that if the negotiations eventually resume, Kia is considered more likely and is currently seeking to produce an Apple car at its plant in Georgia. (interface)

Most listed securities companies’ 2020 performance is expected

Wind data shows that as of February 5, a total of 31 listed securities firms have released 2020 performance forecasts. Most brokerages will achieve both net profit and operating income growth in 2020. Everbright Securities, Oriental Fortune, and Industrial Securities will increase their net profit by more than 100% in 2020. (China Securities Network)

Robinhood removes all transaction restrictions

Robinhood Markets official information shows that trading restrictions on stocks such as Game Station and AMC have been lifted. On Friday, the game station surged 80% in intraday trading, and finally closed up 19.20%. AMC Cinemas closed down 3.67%.(Associated Finance Press)

The Nasdaq rose more than 6% this week, and the Dow recorded its biggest weekly gain since November 13

The three major U.S. stock indexes closed up collectively. The Nasdaq rose 0.57%, a cumulative gain of 6.01% this week; the Dow rose 0.3%, a cumulative gain of 3.89% this week; the S&P 500 index rose 0.39%, a cumulative gain of 4.65% this week. The S&P 500 index and the Nasdaq recorded their biggest weekly gains since the week of November 6, and the Dow recorded their biggest weekly gains since the week of November 13. Among the Chinese concept stocks, Liulishuo rose 50%, Aurora and Tuniu rose more than 20%, Ruixing Coffee fell more than 40%, and Litchi fell more than 20%. Most chip stocks fell. Applied Materials, Kerei Semiconductor fell more than 2%, Qualcomm, Texas Instruments, and Intel fell more than 1%. The media said that chip shortages spread from automobiles to the mobile phone and game console industries. (Associated Finance Press)

Didi Orange Heart preferably considers raising US$4 billion for expansion

Didi Orange Heart preferably considers raising US$4 billion for expansion. (Bloomberg)

FF applies for the issuance of 25 million shares through a special purpose acquisition company

Faraday Future (FF) applied for the issuance of 25 million shares through the special purpose acquisition company Property Solutions Acquisition. (Bloomberg)

Samsung’s sale of its LCD factory in China is approved by the South Korean government

February 5, Samsung Display said that the Korean Ministry of Trade, Industry and Energy has approved the sale of its LCD production line in Suzhou, China. Samsung signed a contract with China Star Optoelectronics, a subsidiary of TCL, in August last year to sell the remaining shares of the Suzhou LCD production line for US$1.080 billion. Because the 8.5th generation LCD technology used in this production line is designated as the national core technology, this transaction has been going through the government approval process. Samsung is abandoning its low-profit LCD business to focus on the quantum dot display business. (Yonhap News Agency)

Blued, a subsidiary of Bluetown Brothers, launches “voice chat room” function

36 Krypton learned that recently, Blued, a product of Blue City Brothers, launched the “Voice Chat Room” function, featuring “Voice Chat”, “Community Dating” and “Interaction of Interests”. At present, relevant versions have been pushed one after another. In addition, the Blue City Brothers will soon launch a new product for the entire population and featuring voice accompany.

China CITIC Bank collects central bank fines every year, fined 28.9 million yuan for four illegal acts

On February 5, the official website of the central bank disclosed the first fine in 2021. CITIC Bank was fined 28.9 million yuan for four illegal acts, and 14 relevant persons in charge were fined a total of 615,000 yuan.Public information on administrative penalties shows that the types of violations by CITIC Bank include failing to perform customer identification obligations in accordance with regulations, failing to keep customer identity information and transaction records in accordance with regulations, failing to submit large-value transaction reports and suspicious transaction reports in accordance with regulations, and unidentified Customers make transactions. (interface)

ZhongAn Online: Expected to turn losses into profits in 2020

36 Krypton learned that ZhongAn Online announced on February 5 that the group expects to turn losses into profits in the twelve months ending December 31, 2020, with a net loss of approximately 454 million yuan in the previous fiscal year. The improvement in the group’s performance was mainly due to the company’s insistence on pursuing quality growth. While achieving a steady increase in total premiums, the overall cost ratio was further improved, and the underwriting loss was correspondingly reduced significantly.

SPIC and PetroChina sign a strategic cooperation agreement

According to the State Power Investment Group Co., Ltd., on February 5, SPIC andPetroChina signed a strategic cooperation agreement in Beijing. According to the agreement, the two parties will, based on the principle of complementary advantages and mutual benefit, to give full play to their respective strengths in key areas such as new energy and electric energy comprehensive substitution, mutual supply of energy products, technological innovation, high-end think tank construction, international cooperation, capital and finance Establish strategic partnerships based on advantages in industry, technology, market, and capital. (Securities Times Network)

Guangzhou Langqi: Creditors apply to the court for pre-reorganization of the company

Guangzhou Langqi (000523) issued an announcement: Ligen Leasing is very difficult due to the company’s financial status, multiple bank accounts have been frozen, and the recovery of accounts receivable and prepayments has great uncertainty, and it is obvious that it has been unable to pay off due debts. Lack of solvency, but still has the value of reorganization, apply to the Guangzhou Intermediate People’s Court for pre-reorganization of the company. At present, the company has not received notice from the court. Whether the application can be accepted by the Guangzhou Intermediate People’s Court and whether the company can enter the pre-reorganization procedure is still uncertain. Regardless of whether the company can enter the pre-reorganization process, the company will make every effort to maintain stable production and operation to ensure the normal operation of the company’s two major industries, green daily chemicals and health food.

Investment and Financing

Hong Kong Stock Exchange will hold 7% of Guangzhou Futures Exchange

On February 5, the official website of the Hong Kong Stock Exchange stated that it would invest in a 7% stake in the newly established Guangzhou Futures Exchange (Guangzhou Futures Exchange). This is the first time that a foreign institution has been allowed to buy shares in a mainland futures exchange. It also highlights the Hong Kong Stock Exchange’s determination to connect China with the world and support the further internationalization of the mainland futures market. (interface)

Sino-German Allianz: Allianz China Holdings intends to hold 100% equity in Sino-German Allianz

China-Germany Allianz issued an announcement on February 5, stating that the company held a board meeting on February 4 to review and approve the “Proposal for Review of Equity Transfer and Shareholder Change Program.” CITIC Trust transferred its 49% stake in Allianz China-Germany to Allianz China Holdings. After the equity transfer is completed, CITIC Trust will no longer hold the company’s equity, and Allianz China Holdings will hold 100% of the equity of Sino-German Allianz. The above-mentioned changes to shareholders shall take effect after approval by the Shanghai Banking and Insurance Regulatory Bureau.

Cool product

“Tianwen-1” sends back the first image of Mars

This is the first image of Mars taken by the “Tianwen-1” released by the National Space Administration at a distance of about 2.2 million kilometers from Mars. At 20 o’clock on February 5th, the “Tianwen No. 1” probe engine was ignited, and the fourth midway correction of the ground fire transfer section was successfully completed to ensure that Mars capture was implemented as planned. The National Space Administration simultaneously released the first Martian image obtained by “Tianwen-1” at a distance of about 2.2 million kilometers from Mars. Up to now, “Tianwen-1” has been in orbit for about 197 days, about 184 million kilometers from Earth, about 1.1 million kilometers from Mars, and about 465 million kilometers of flight distance. The probe systems are in good condition. (Xinhua News Agency)

Xiaomi announces the first concept phone with a four-curved waterfall screen

On the afternoon of February 5th, Xiaomi officially announced the first four-curved waterfall screen concept phone. Xiaomi said that this four-curved waterfall screen concept phone uses a four-sided 88° hyper-curved design, and the frame is almost entirely replaced by the screen. The Xiaomi Siqu waterfall screen concept phone adopts a non-porous design of the whole machine, eliminating all buttons and openings. Xiaomi claims that it is “warm and moist in the hand, and like a water drop on the table.” According to Zeng Xuezhong, vice president of Xiaomi Group and president of the mobile phone department, the Xiaomi Siqu waterfall screen concept mobile phone has made the physical buttons and all openings disappear through 46 independent research and development patent technologies. (IT House)

Xiaomi Siqu Waterfall Screen Concept Phone

Other important news

WHO: Global COVID-19 vaccination has exceeded the total number of people infected with COVID-19

On February 5, local time, the WHO held a routine press conference for new coronary pneumonia. WHO Director-General Tan Desai said that the global number of new coronary pneumonia vaccines has exceeded the total number of people infected with new coronary pneumonia, and the order has been obtained in such a short time. The high-profile achievement, this is good news. (CCTV News)

Beijing Daxing will hold its first online consumption event during the Spring Festival, and issue 20 million yuan of consumer coupons

The Bureau of Commerce of Daxing District will combine the Spring Festival and Lantern Festival two major consumption nodes to launch the “Warm and Happy New Year with you” activity on February 8 and issue 20 million yuan in Yunshang New Year goods consumption coupons. (Beijing Daily)

Shanghai and Shenzhen Stock Exchanges: Establishing a procedural transaction reporting mechanism for convertible bonds

The Shanghai and Shenzhen Stock Exchanges reported on February 5 to establish a procedural transaction reporting mechanism for convertible bonds to maintain the order of transactions in the convertible bond market. According to the exchange, the “Notice” takes the establishment of an information reporting system as the core, enhances the compliance awareness of market entities, and promotes the development of standardized procedures for convertible bond transactions. The establishment of a procedural transaction reporting mechanism for convertible bonds is conducive to improving market transparency and regulatory accuracy. The programmatic transaction reporting mechanism is to be tested first in the varieties of convertible bonds, which can accumulate useful experience for the subsequent implementation of relevant practices in the entire market. (Securities Times)

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