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On November 27, the Ministry of Commerce issued the “Measures to Report on the Use and Recycling of Disposable Plastic Products in the Commercial Field (for Test Implementation)”, which regulates the use of disposable plastics in retail establishments, business platforms of e-commerce and take-out companies. According to the “Opinions on a greater strengthening of the control of plastic pollution” issued by the National Development and Reform Commission and the Ministry of Ecology and Environment at the beginning of the year, the first phase of the tasks of restriction and prohibition of plastics It will be completed by the end of 2020.In this context, the paper industry and the demand for degradable plastics will increase significantly, and it is recommended to pay attention to the related investment opportunities.
This week, we will focus on the gradual task of banning and restricting plastics coming to an end, focusing on the manufacture of paper and degradable plastics:
According to the “Opinions on further strengthening of the treatment of plastic pollution” issued at the beginning of the year,The first phase of the plastic restriction and ban policy will come to an end,among them:
(1) Non-degradable plastic bags: By the end of 2020, the use of non-degradable plastic bags is prohibited in shopping malls, supermarkets, pharmacies, bookstores and other places in urbanized areas of municipalities, provincial capitals and cities under separate planning , as well as take away food and drink services and various exhibition activities. , The bazaar regulates and restricts the use of non-degradable plastic bags. (2) Disposable Plastic Tableware: By the end of 2020, non-degradable disposable plastic straws will be banned in the catering industry nationwide; Non-degradable disposable plastic tableware will be prohibited for catering services in built-up areas and scenic spots in cities above the prefectural level. Zhang Lijun, vice president of the China Trade Federation, revealed that the annual consumption of disposable plastic bags, disposable plastic straws and disposable plastic cutlery is about 300,000 tons in the relevant regional retail and catering sectors that are involved in the staggered goal at the end of this year.
In the short term, disposable tableware will be partially replaced by paper tableware and demand from the paper industry will increase. In the long term, with the advancement of plastic restrictions and bans, the domestic biodegradable plastics production capacity is expected to increase significantly and the cost also to decrease. It is recommended to pay attention to the related investment opportunities.
Other Access Point Tracking Technologies:National Defense Industry:On November 26, at a regular press conference of the Ministry of National Defense, the spokesman noted that China’s national defense strength does not match its economic strength. On November 30, the Political Bureau of the CPC Central Committee held a meeting emphasizing the need to “focus on preparing for war.” During the period of the fourteenth five-year plan, the demand for various military equipment is expected to increase substantially, and orders from companies in the military industry will usher in an explosion.
Chips testing and packaging:A foreign employee of SK hynix confirmed positive in the nucleic acid test after leaving the country. At present, the production of the SK hynix Chongqing factory is suspended and the administration is completely closed. The suspension is expected to continue for a period of time or affect 40% of Hynix’s NAND Flash packaging and testing capacity, which is beneficial to the national leading NAND Flash Yangtze River Storage Company and testing companies and domestic packaging.
5GBuilding:At the Guangzhou Global 5G Conference on November 26, the top three operators, Radio and Television, and China Tower have presented 5G construction plans for next year. 2021 is expected to remain the year of 5G construction.
Global Tech Industry Stock Index Trends:The main gains of the stock index:The global stock index was mixed last week, primarily due to positive vaccine news and cooling uncertainty in the US elections. Specifically, the Nikkei 225 index rose 3.55% and the Nasdaq index rose 2.68%. The Shenzhen component index led the decline with 2.04%, while the weighted index for Taiwan fell 1.12%.
Technology Index:The US Tech Industry Index rose overall last week. Nasdaq Biotech led earnings with 4.11%. The S&P 500 Information Technology Index and the Philadelphia Semiconductor Index rose the most, 2.80% and 2.63%, respectively. The technology index in the Asia-Pacific region overall fell. The Hang Seng information technology industry index led the decline with 3.60%. The Taiwan Semiconductor Index and the Taiwan Information Technology Index fell 2.46% and 2.35% respectively.
Global Tracking of Key Tech Companies:Weimar engines:Weimar has signed an agreement of intent with Uber. The Weimar EX5 will be exported to more than ten European countries, including the United Kingdom, as an optional model for Uber drivers.Tesla:Musk announced that the fifth test version of Tesla’s fully automated driving kit will be released in the next few days.Xiaomi:According to the Xiaomi Group’s third quarter 2020 financial report, Xiaomi’s smartphone revenue reached RMB 47.6 billion, an increase of 47.5% year-on-year; Smartphone shipments were 46.6 million units, an increase of 45.3% year-on-year, and both revenue and shipment volume reached record levels.SMIC:The company stated that it is currently operating normally and has actively communicated and communicated with the relevant US government agencies. Demand from the company’s customers is strong, orders are full and the capacity utilization rate in the third quarter is almost complete. The revenue target for the full year 2020 has been revised to annual growth from 24% to 26%.
Business monitoring of the Technology Innovation Board:Last week, a total of 2 science and technology innovation council startups completed registration and announced their issuance agreements. Below is a summary of the basic information of the registered companies for investors’ reference.
Risk Warning: The individual stocks mentioned in this report only indicate a certain relevance to related topics and do not constitute investment recommendations for individual stocks.
(The author is the chief analyst of China Merchants Securities Strategy Research)
