【Top News】 Sinopec Group Launches Market Value Enhancement Initiative On December 16, Sinopec Group held its first joint investor exchange event for listed subsidiaries in Beijing, marking the launch of a market value enhancement campaign. Cai Yong, a member of the Sinopec Group Party Leadership Group and CFO, stated the initiative aims to boost investment value and shareholder returns through three key measures: improving corporate governance, enhancing investor relations with stable dividend policies, and optimizing capital allocation via M&A and restructuring. The event was attended by executives from nine Sinopec-affiliated listed companies, including Sinopec (00386), Sinopec Oilfield Service (01033), and Sinopec Engineering (02386), alongside representatives from state-owned asset regulators and financial institutions.
【Market Outlook】 Dow and S&P Extend Losses Amid Tech Gains U.S. stocks saw mixed performance overnight, with the Dow and S&P 500 declining for a third consecutive session. The Dow fell 0.62% to 48,114.26, while the S&P 500 dipped 0.24% to 6,800.26. The Nasdaq Composite rose 0.23% to 23,111.46, led by gains in major tech stocks like Tesla (up over 3% to a record high) and Nvidia (up 0.81%). Energy stocks underperformed, with BP dropping over 4%. The Hang Seng Index ADRs edged up 0.33% to 25,318.08.
【Key Updates】 EU to Relax Combustion Engine Ban, Easing Pressure on Automakers Under industry pressure, the EU is set to propose easing emission rules for new vehicles, effectively delaying the phase-out of combustion engines. This aligns Europe closer to U.S. policies, where the Trump administration has rolled back efficiency standards. Automakers like Ford (F.US) face profitability challenges in their EV transitions, with Ford booking $19.5 billion in related charges.
China Imposes Anti-Dumping Duties on EU Pork Products Effective December 17, China will levy anti-dumping duties on EU pork and by-products for five years, impacting companies such as WH Group (00288). The duties are calculated based on customs-assessed values plus VAT.
【Corporate Highlights】 - **CIMC ENRIC (03899)**: Its first green methanol project in Zhanjiang, Guangdong, commenced operations, targeting full capacity by early 2026 with an annual output of 50,000 tons. A second-phase project aiming for 200,000 tons/year is planned for 2027. - **ANTENGENE-B (06996)**: Secured Malaysian approval for Xpovio® (selinexor) to treat relapsed/refractory diffuse large B-cell lymphoma. - **Hanson Pharma (03692)**: Signed a $1 billion+ licensing deal with Glenmark for NSCLC drug aumolertinib in multiple regions. - **China Energy Engineering (03996)**: Commissioned the world’s largest green hydrogen-ammonia-methanol project in Songyuan. - **CGN Power (01816)**: Began full construction of the Ningde Unit 6 nuclear reactor.
【Spotlight: CIMC ENRIC (03899)】 The company’s green methanol project, utilizing biomass feedstock, is poised to serve shipping and chemical sectors, with current production at 70–80% capacity (3,000 tons/month). Global green methanol prices are trending downward, with China’s total capacity now at 338,000 tons.
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