[Today's Guide]
> Quota system of renewable energy submitted, wind and PV power to benefit
> Year of Silk Road Tourism launches officially, tourism industry practices “One Belt and One Road” conception
> MIIT promotes automatic production of civil explosion products, listed companies proactive in planning
> First securities company announces performance data of Dec., Western Securities sees large proceeds jump in Dec.
[XFA Focus]
○ Quota system of renewable energy submitted, wind and PV power to benefit
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XFA learns that Renewable Energy Power Quota Assessment Method (Trial) has been submitted to the State Council recently. Data in the final version is adjusted to some extent with guiding direction as “it will be higher than energy plan but within reach”. Incentive and punitive measures will refer to energy-saving and carbon trading methods. Official document is expected to be released in the first quarter.
Comment: Industry insiders point out that as quota system launches, many provinces will provide local subsidies. In terms of improvement degree of reserved installed capacity, quota system benefits wind power the most; in terms of the drive of newly-added installed capacity, quota system is conducive to distributed photovoltaic power the most. According to calculation, when abandoned electricity rate decreases by 5 percent,the net profit of photovoltaic power stations and wind farm operators will jump by 15 percent and 30 percent respectively. The wind power installed capacity of Ning Xia Yin Xing Energy Co., Ltd. (000862.SZ), the new energy platform of state-owned enterprise Aluminum Corporation of China (Chinalco), will exceed 1 GW after asset injection. Shenzhen Topray solar Co., Ltd. (002218.SZ) actively transforms itself into a power station operator. The company announced on Jan. 6 that it will invest in and construct terrestrial photovoltaic grid-connected power station project in Qinghai Province at 100MW installed capacity per year in next five years.
[XFA Selection]
○ The 2014 National Science and Technology Award Conference is about to be held soon. 981 rig, high-end fault-tolerant computer technology, etc. are selected for the competition.
○ The Ministry of Agriculture issues urgent notice requiring measures to deal with “difficult sales of milk”, practically strengthens policy support to dairy industry.
○ The State Railway Administration planed the key work for 2015 on Jan. 8 and proposed to actively serve railway enterprises to go out.
○ Kashgar comprehensive bonded zone passed the joint acceptance by 10 ministries and commissions, and Xinjiang Uygur Autonomous Region will apply for another five bonded zones.
○ The merge of Shenyin & Wanguo Securities Co., Ltd. and Hong Yuan Securities Co., Ltd. (000562.SZ) has almost been finished, and it is expected to resume trading in the middle of January.
[Industry Information]
○ Year of Silk Road Tourism launches officially, tourism industry practices “One Belt and One Road” conception
------
On Jan. 8, the opening ceremony of “Beautiful China—2015 Year of Silk Road Tourism” was held in Xi’an. Du Jiang, deputy Director General of National Tourism Administration, indicated that tourism industry enjoys unique advantage of connection priority in the national strategy of “One Belt and One Road”, so it shall be proactive in action. Shaanxi Province recently established tourism industry investment funds with 5 billion yuan being raised for the first period, and the support scope covers significant cultural tourism projects on Silk Road.
Comment: It further proves “tourism culture industry most likely to become the breakthrough for leading tourism provinces like Shaanxi Province to construct Silk Road economic belt” reported by XFA. Shaanxi Province is expected to popularize its tourism brand by relying on the activities of tourism year. Relevant local listed companies include Xi'an Tourism Co., Ltd. (000610.SZ) and Xi'an Qujiang Cultural Tourism Co., Ltd. (600706.SH).
◆ New Silk Road Index was published on Jan. 8, and optional scope covers listed companies with registration place in Shaanxi Province, Gansu Province, Ningxia Hui Autonomous Region, Qinghai Province and Xinjiang Uygur Autonomous Region.
○ MIIT promotes automatic production of civil explosion products, listed companies proactive in planning
------
The Ministry of Industry and Information Technology (MIIT) released the “Implementation Scheme on the Special Project of Unmanned/Less manned Civil Explosion Safe Production” on Jan. 8, proposing to conduct unmanned operation in dangerous work procedures to reduce accidental loss of life or personal injury.
> Quota system of renewable energy submitted, wind and PV power to benefit
> Year of Silk Road Tourism launches officially, tourism industry practices “One Belt and One Road” conception
> MIIT promotes automatic production of civil explosion products, listed companies proactive in planning
> First securities company announces performance data of Dec., Western Securities sees large proceeds jump in Dec.
[XFA Focus]
○ Quota system of renewable energy submitted, wind and PV power to benefit
------
XFA learns that Renewable Energy Power Quota Assessment Method (Trial) has been submitted to the State Council recently. Data in the final version is adjusted to some extent with guiding direction as “it will be higher than energy plan but within reach”. Incentive and punitive measures will refer to energy-saving and carbon trading methods. Official document is expected to be released in the first quarter.
Comment: Industry insiders point out that as quota system launches, many provinces will provide local subsidies. In terms of improvement degree of reserved installed capacity, quota system benefits wind power the most; in terms of the drive of newly-added installed capacity, quota system is conducive to distributed photovoltaic power the most. According to calculation, when abandoned electricity rate decreases by 5 percent,the net profit of photovoltaic power stations and wind farm operators will jump by 15 percent and 30 percent respectively. The wind power installed capacity of Ning Xia Yin Xing Energy Co., Ltd. (000862.SZ), the new energy platform of state-owned enterprise Aluminum Corporation of China (Chinalco), will exceed 1 GW after asset injection. Shenzhen Topray solar Co., Ltd. (002218.SZ) actively transforms itself into a power station operator. The company announced on Jan. 6 that it will invest in and construct terrestrial photovoltaic grid-connected power station project in Qinghai Province at 100MW installed capacity per year in next five years.
[XFA Selection]
○ The 2014 National Science and Technology Award Conference is about to be held soon. 981 rig, high-end fault-tolerant computer technology, etc. are selected for the competition.
○ The Ministry of Agriculture issues urgent notice requiring measures to deal with “difficult sales of milk”, practically strengthens policy support to dairy industry.
○ The State Railway Administration planed the key work for 2015 on Jan. 8 and proposed to actively serve railway enterprises to go out.
○ Kashgar comprehensive bonded zone passed the joint acceptance by 10 ministries and commissions, and Xinjiang Uygur Autonomous Region will apply for another five bonded zones.
○ The merge of Shenyin & Wanguo Securities Co., Ltd. and Hong Yuan Securities Co., Ltd. (000562.SZ) has almost been finished, and it is expected to resume trading in the middle of January.
[Industry Information]
○ Year of Silk Road Tourism launches officially, tourism industry practices “One Belt and One Road” conception
------
On Jan. 8, the opening ceremony of “Beautiful China—2015 Year of Silk Road Tourism” was held in Xi’an. Du Jiang, deputy Director General of National Tourism Administration, indicated that tourism industry enjoys unique advantage of connection priority in the national strategy of “One Belt and One Road”, so it shall be proactive in action. Shaanxi Province recently established tourism industry investment funds with 5 billion yuan being raised for the first period, and the support scope covers significant cultural tourism projects on Silk Road.
Comment: It further proves “tourism culture industry most likely to become the breakthrough for leading tourism provinces like Shaanxi Province to construct Silk Road economic belt” reported by XFA. Shaanxi Province is expected to popularize its tourism brand by relying on the activities of tourism year. Relevant local listed companies include Xi'an Tourism Co., Ltd. (000610.SZ) and Xi'an Qujiang Cultural Tourism Co., Ltd. (600706.SH).
◆ New Silk Road Index was published on Jan. 8, and optional scope covers listed companies with registration place in Shaanxi Province, Gansu Province, Ningxia Hui Autonomous Region, Qinghai Province and Xinjiang Uygur Autonomous Region.
○ MIIT promotes automatic production of civil explosion products, listed companies proactive in planning
------
The Ministry of Industry and Information Technology (MIIT) released the “Implementation Scheme on the Special Project of Unmanned/Less manned Civil Explosion Safe Production” on Jan. 8, proposing to conduct unmanned operation in dangerous work procedures to reduce accidental loss of life or personal injury.
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