河南资本市场月报（2024年第5期）

Economic Performance and Comparison Analysis - In May 2024, the national industrial added value increased by 5.6% year-on-year, slightly below market expectations of 5.96% [6] - In May, the retail sales of consumer goods in Henan Province reached 216.635 billion yuan, growing by 6.6% year-on-year, an acceleration of 2.2 percentage points compared to the previous month [10] - Fixed asset investment in Henan Province from January to May 2024 grew by 6.9%, surpassing the national average by 2.9 percentage points, with industrial investment increasing by 21.0% [11] Macro Policy Tracking - In May 2024, the financial regulatory authorities introduced a series of policies to enhance the capital market, including the revision of management norms for alternative investment subsidiaries of securities companies [25][26] - The Henan provincial government launched several policies to promote consumption upgrades and support the real estate market, including the implementation plan for the old-for-new consumption policy [32][33] Securities Market Operation - As of the end of May, the total market value of Henan A-shares was 1,451.064 billion yuan, a decrease of 0.88% from the previous month, ranking 11th nationwide [15] - In May, Henan's credit bond issuance maintained a high level, with a total of 34 bonds issued, raising 22.395 billion yuan, a decrease of 48.19% month-on-month [63] - The equity financing in Henan from January to May totaled 19.40 billion yuan, a year-on-year decrease of 77.82% [42]