宏信证券：每日信息速递-20241028

Economic News Summary - The State Council, led by Premier Li Qiang, held a meeting to discuss the current economic situation and the implementation of a package of incremental policies, emphasizing the need for macroeconomic regulation and policy optimization to stimulate growth [2] - The sixth meeting of the China-US Economic Working Group was held, focusing on macroeconomic conditions and policies, as well as cooperation to assist low-income countries [4] - The People's Bank of China and the Bank of Japan renewed a bilateral currency swap agreement, maintaining a scale of 200 billion RMB / 34 trillion JPY, effective for three years [5] Innovation Index - In 2023, China's innovation index reached 165.3, a 6.0% increase from the previous year, indicating steady growth in innovation capabilities [6] - The innovation environment index grew by 10.4% to 177.1, with significant increases in the proportion of companies benefiting from tax deductions and the number of science and engineering graduates [7] - The innovation output index rose by 6.5% to 199.7, with a notable 15.6% increase in high-value invention patents per ten thousand R&D personnel [8] Foreign Investment - From January to September 2024, actual foreign investment in China amounted to 640.6 billion RMB, a 30.4% decrease year-on-year, despite an increase in the number of newly established foreign-invested enterprises [9] - The manufacturing sector attracted 179.2 billion RMB, while the service sector received 446.1 billion RMB in foreign investment [9] Smartphone Market - In Q3 2024, China's smartphone shipments reached approximately 68.78 million units, marking a 3.2% year-on-year increase and continuing a trend of growth for four consecutive quarters [10] Agriculture and Technology - The Ministry of Agriculture aims to achieve a 30% agricultural production informatization rate by the end of 2026, with plans for a national smart agriculture action plan from 2024 to 2028 [11] Steel Industry - The China Iron and Steel Association is accelerating research on capacity governance and joint restructuring, emphasizing the need for policy support to facilitate the exit of outdated capacity [12] - Steel demand is expected to decline in 2024, with a forecasted decrease of 3.0%, although manufacturing demand is anticipated to support certain steel varieties [14] Wealth Management Industry - A report indicates that banks dominate the wealth management sector, with 65 out of the top 100 institutions being banks, highlighting their significant advantages in this field [15] - The report also discusses the digitalization of wealth management and suggests that regulatory bodies should promote collaboration and resource sharing among different types of institutions [16]