Market Flash

Recently, Ningxia Baofeng Energy Group Co., Ltd. (hereinafter referred to as "Baofeng Energy") released its first periodic report since its listing.

• profit
• increase

In addition, the summer grain and oil harvest reaped a bumper harvest, with a total output of 14.74 million tons and an increase of 29.33 million tons.

• tax

The proportion of subsidized funds or areas allocated by counties to serve small farmers in the socialization of agricultural production is more than 60%.

• agriculture

Since last week, coal prices in northern ports have gradually stopped falling, stabilized and maintained a slight upward trend. According to the guidance price of FengMine's power coal, the price of 5500 Kcal coal in the port has risen by 8 yuan per ton.

• coal
• price

"Coal is scarce in the south of the Yangtze River and only enriches Guizhou". More than one third of Guizhou's coal is in Liupanshui. Liupanshui City in Guizhou Province has the reputation of "Southwest Coal Sea".

• coal
• production

On August 22, the "Top 500 Summit of China's Private Enterprises 2019" organized by the All-China Federation of Industry and Commerce and the Qinghai Provincial People's Government was held in Xining, Qinghai Province.

• enterprise
• summit

According to Mark Polos, who exposed Bernie Madoff's super Ponzi scheme, GE has become a zombie business.

• GE

In the first half of 2019, the operating income of Shanghai Petrochemical Company decreased by 0.37% to 519.9 billion yuan (unit: Renminbi).

• Aromatics

Shenhua, the world's largest coal listed company, handed over its first half report card. On the evening of August 23, Shenhua China issued a semi-annual report showing that the company's revenue in the first half of the year was 116.365 billion yuan.

• coal

In keeping with India’s solar targets and the vision of ‘Make in India’, the country should take up full value chain of solar manufacturing from polysilicon to modules.

• solar
• PV

European monoethylene glycol (MEG) margins and spot prices have been under pressure for the majority of 2019 and it is unclear if any respite is on the horizon.

• Europe
• MEG

Increased electrification, interconnectors and large data centres will be crucial to balance out an expansion of wind capacity expected in the coming years, according to Norwegian power grid operator Statnett.

• wind
• power

By the end of August 2019, a number of pilot counties will be selected and determined, and pilot plans will be formulated. The preliminary draft of pilot county planning will be completed by the end of December.

• Agricultural
• Industrial
• Park

With the further marketization of China's economy, the demand for risk management of enterprises is increasing day by day, and the financial derivatives market provides enterprises with various means and tools for risk management.

• coal
• enterprises

On June 26, the 12th Session of the 13th Standing Committee of the National People's Congress voted to pass China's first resource tax law.

• Tax
• Law

Sino-US economic and trade frictions have lasted for more than a year. Recently, the United States has repeatedly unilaterally escalated frictions.

• consumer
• goods

Coal prices for power plants in Asia have fallen to their lowest level in three years as demand in India and China, the two largest coal consumers, has fallen.

• coal
• price

With the development of information technology, OCR recognition, machine learning and other emerging technologies have been deeply applied in the financial field.

• technology

The Business Prosperity Index of August released by the German IFO Institute of Economics fell to 94.3 from 95.8 last month.

• German
• business

According to Qingdao Daily, on the same day, equity transfer agreements of Qingdao Port, Yantai Port, Rizhao Port and Bohai Bay Port Group were signed in Qingdao.

• port
• integration