3 New Shares: Eco, IoT, Semi. Mats.

In the morning session today, the A-shares experienced a slight rebound, with large-cap stocks showing a slight weakness, and the SSE 50 Index hitting a new low for the stage again. Small-cap growth stocks were slightly stronger, with the ChiNext Index and the STAR 50 Index both rising by more than 1% at one point during the session. There were more gains than losses among the stocks in the two markets, and the trend of further contraction in trading volume was evident.

On the market, sectors such as public transportation, digital currency, online games, and real estate were among the top gainers, while sectors like oil, coal, chemical, and power were among the top losers.

Public Transportation "Makes a Comeback"

After more than a month of adjustment, the public transportation concept, the strongest sector of the year, surged again today, with the sector index rising by more than 7% at its peak. In July, the sector as a whole had more than doubled in value.

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Today, the constituent stocks of the Yangtze River Public Transportation Index rose across the board: all 8 stocks were up, with none down. Da Zhong Transportation and Jin Jiang Online both hit the daily limit up, while Jiangxi Changyun, Fuling Transportation, and Shentong Metro were among the top gainers.

At the recent Guizhou Big Data Expo, Luobo Kuaibao (Radish Quick Run) indicated that many cities have contacted them, expressing their desire to become pilot cities. Next year, Luobo Kuaibao may conduct large-scale pilot tests in 3 to 5 cities.

In recent years, China has introduced a series of policies to support autonomous driving, including the "Notice on Carrying Out the Pilot Work of Access and Road Traffic of Intelligent Connected Vehicles," the "Guidelines for the Safety Service of Autonomous Driving Vehicles (Trial)," and the "Notice on Carrying Out the Pilot Work of 'Vehicle-Road-Cloud Integration' Application of Intelligent Connected Vehicles," among others. Many provinces and cities have formulated or initiated local legislation related to autonomous driving.

According to incomplete statistics from Wind data, as of now, 54 provinces and cities across the country have issued normative documents for open roads and demonstration applications. Among them, 28 cities support commercial exploration of autonomous driving, 24 cities support unmanned testing of autonomous driving, and cities such as Beijing, Chongqing, Shenzhen, and Wuhan have already started commercial pilot demonstrations of unmanned autonomous driving.

The Ministry of Human Resources and Social Security released a list of 19 new professions, with "autonomous driving safety officer" prominently listed. Recently, companies such as Luobo Kuaibao, Pony.ai, Didi, and Xiaomi Automobile have published a large number of recruitment information for autonomous driving safety officers on job platforms.

The Hong Kong Automotive Technology R&D Center (APAS) also recently announced that the "5G Autonomous Driving Service Pilot Project in Residential Areas," led by the center, has been carefully prepared for nearly two years. This includes high-definition map collection, artificial intelligence algorithm development, simulation testing, on-site debugging, and the most important safety testing. The project has been granted a vehicle driving license, and residents of the Jinxiu Garden in Yuen Long District, Hong Kong, will soon be able to ride autonomous shuttle buses on the loop road within the community.Ark Invest, a well-known investment firm in the United States, firmly believes in the potential of the autonomous taxi industry, considering it to be one of the most influential innovations in history. It is projected that by 2030, the global market size will reach 26 trillion US dollars.

Cinda Securities has stated that the end-to-end rapid iteration represented by Tesla is expected to bring about a new round of industrial revolution in intelligent driving. Autonomous driving capabilities will reshape the competitive barriers for automotive companies, with data and computing power becoming the core competitive elements. Leading automotive companies or suppliers will be able to grasp more and better "data," as well as stronger and faster "computing power." Excellent intelligent driving capabilities are expected to enhance sales conversion, ultimately strengthening the "Matthew Effect" among automotive companies, signaling the arrival of an era where the strong get stronger.

Digital currency continues to receive favorable developments.

The digital currency concept opened significantly higher and continued to rise, with the sector index once increasing by nearly 5% during the day, reaching a new high in the past month, and half-day transactions exceeding the full-day transactions of the previous day.

Crayon Technology opened with a 20% limit-up, and Shensi Electronics also took only about 5 minutes to close the board with a 20cm straight-line increase after opening higher. More than 10 stocks such as Feitian Honesty and Hengbao Shares hit the limit-up or increased by more than 10%.

Recently, there have been continuous catalytic events for the digital currency concept.

From September 12th to 16th, the "2024 China International Service Trade Fair Financial Services Special" will be held in Beijing. The China Construction Bank will set up a digital RMB exhibition area, with the theme "Encountering 'Built' Digital RMB, Composing a New Chapter in Finance," showcasing the development achievements of the bank's digital RMB business through physical displays and scenario experiences.

Yesterday, Taobao announced plans to add WeChat Pay capabilities and gradually open them to all Taobao and Tmall platform sellers. In response, WeChat Pay stated that the functional adaptation with Taobao platform merchants is currently being activated. Both WeChat Pay and Alipay have joined the digital RMB acceptance network.

In addition, according to the People's Bank of China Chongqing Branch, the Chongqing Branch of China Construction Bank recently successfully landed a cross-border settlement transaction of 275,100 yuan under the "Multi-CBDC Bridge" for goods trade, achieving a breakthrough in Chongqing's digital RMB cross-border business.

The Financial Work Office of Fuzhou City also recently released the "Fuzhou City Digital RMB Pilot Three-Year (2024-2026) Action Plan (Draft for Review)," proposing to promote the pilot of digital RMB in 13 fields such as business and cultural tourism.Data from the People's Bank of China shows that the pilot scope of the digital yuan has expanded to 26 areas across 17 provinces (cities), widely promoting and applying it in fields such as wholesale and retail, catering, culture and tourism, education and healthcare, public services, and urban governance. Products based on smart contracts of the digital yuan, such as prepaid fund management, supply chain finance, credit services, and services for small and micro enterprises, have been launched. As of the end of May this year, the cumulative transaction amount of the digital yuan has reached 6.6 trillion yuan, a significant increase of 7.3 times compared to 2023.

CITIC Securities points out that the promotion of the digital yuan (e-CNY) brings demands for the construction of the industry chain's hardware and software. It suggests attention to the renovation and replacement of receiving equipment and acceptance terminals, as well as the manufacturing of hardware wallets. Companies to watch include New Guodu, Ubion, Guangdong Radio and Television Express, Chutian Long, Desheng Technology, Tianyu Information, Xin Kaipu, and Zhengyuan Smart. For commercial bank system construction, it recommends Yuxin Technology and Changliang Technology, and suggests attention to Shenzhen Sinosoft, Tianyang Technology, and Jingbei Fang, among others. For security protection technology, it suggests attention to Xin'an Century, Digital Certification, Geer Software, and Wei Shi Tong, etc.