05/15/2021 Financial News: China Life Group Reduces Of 20 Million Share Holdings, The RMB Against The Us Dollar Closed Up 200 Points

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1.China Life Group Reduces Its Holdings Of 20 Million H Shares Of Agricultural Bank Of China, Reducing Its Shareholding Ratio To 9.95%

According to data from the Hong Kong Stock Exchange on Friday, China Life Group reduced its holdings of 1288.HKH shares of Agricultural Bank of China by 20 million shares this Tuesday, reducing its shareholding ratio from 10.02% to 9.95%. The average price of China Life Group’s shares sold was HK$3.0917 per share, involving approximately HK$61.83 million in capital. Agricultural Bank of China’s H shares closed up 0.99% on Friday, at 3.06 Hong Kong dollars. China Life Group is the parent company of China Life 2628.HK601628.SS.

2.The RMB Against The Us Dollar Closed Up More Than 200 Points, Inflation Concerns Ease

The RMB against the US dollar closed up more than 200 points on Friday with the central parity rate, and the trading volume continued to maintain above US$40 billion. Traders said that the market temporarily absorbed the shock of unexpected inflation data, the U.S. index gradually weakened, and the RMB gradually recovered its previous decline. The subsequent performance of US retail sales and other data is expected to continue to disturb the foreign exchange market. As commodity prices continue to run at a high level, inflationary pressures in the United States are expected to gradually increase. Beginning in mid-to-late May, the disturbance of foreign exchange purchases with dividends will continue to increase, which requires special attention.

3.Zhengzhou’s Permanent Population Ranks First In Henan Province

According to the latest census results, Henan Province has a total of 99.366 million permanent residents, ranking third in the country, second only to Guangdong Province and Shandong Province. Over the past ten years, Henan’s population has continued to maintain a steady growth trend. Compared with the data of the sixth national census in 2010, the population of the province has increased by 5.342 million, an increase of 5.68%.

Comment: CCP’s statistics are highly unreliable. The CCP has concealed and lied about the cases and death toll from the CCP virus epidemic are only for the top officials of the CCP and the so-called maintaining the stability.

4.China’s Domestic Refined Oil Prices Ushered In Two Consecutive Rises, And A Full Tank Of Oil Will Cost 4 Yuan More

On the evening of May 13th, Alibaba Group disclosed the first quarterly report of 2021 and 2021 fiscal year annual report, revealing a number of core data. First, anti-monopoly fines caused the first quarterly loss since listing. Data show that in the first quarter of this year, an operating loss of 7.654 billion yuan, Alibaba’s US stock market fell 3%. As of May 13, Alibaba had fallen by more than 5% to US$208.38 per share. Its share price has fallen by more than 30% from the peak set in October last year. The current share price is the lowest since July last year. Second, in the 2021 fiscal year, Ant Group, whose listing has been suspended, will still bring 19.693 billion yuan of investment income to shareholder Alibaba.

5.New Round Oil Price Adjustment Begins, A Tank Of Gasoline Cost 4 Yuan More

According to the National Development and Reform of Communist China, a new round of refined oil price adjustment window will be opened on May 14. According to the monitoring of the Price Monitoring Center of the National Development and Reform Commission, international oil prices continued to rise during the current round of refined oil price adjustment cycle (April 28-May 13). This round of price adjustments is the ninth price adjustment since 2021 and the seventh price increase this year. After the implementation of this price adjustment policy, the cost of car owners will increase slightly; taking a family car with a fuel tank capacity of 50L as an example, filling a tank of 92 gasoline will cost about 4 yuan more.

6.TSMC Set To “Double Down” And Vastly Increase U.S. Semi Production Investment In Arizona

At the beginning of May, Taiwan Semiconductor was considering bolstering its production in the U.S., and that President Biden’s Commerce Secretary was urging more domestic production. Now, it looks like TSMC could be within striking distance of a serious U.S. expansion. TSMC is “weighing plans to pump tens of billions of dollars more into cutting-edge chip factories in the U.S. state of Arizona than it had previously disclosed”, a Reuters exclusive revealed Friday morning. The company had already said it was going to invest $10 billion to $12 billion in Arizona. Now, the company is mulling a more advanced 3 nanometer plant that could cost between $23 billion and $25 billion. The changes would come over the next 10 to 15 years, as the company builds out its Phoenix campus, the report notes.

By 【Financial Team – 雪梨Cheli】

News Collection: 文罡

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