EUR/USD 1.16580
-0.071%
Gold 4595.38
-0.041%
Oil 59.529
-0.196%
USD/JPY 158.805
0.410%
GBP/USD 1.34701
0.036%
GBP/JPY 213.917
0.452%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 13, the Guangzhou Municipal Bureau of Industry and Information Technology publicly solicited opinions on the "Several Policies of Guangzhou Municipality on Promoting the High-Quality Development of the Integrated Circuit Industry Across the Entire Chain During the 15th Five-Year Plan Period." The policy proposes that integrated circuit companies whose products or production lines pass the International Automotive Electronics Association (IATE) automotive-grade product testing standards (AEC-Q series), automotive-grade power module reliability testing and certification standards (AQG series), automotive quality management system standards (IATF16949), or road vehicle functional safety standards (ISO26262) will receive subsidies of up to 30% of the actual certification cost, with a maximum annual subsidy of 2 million yuan per company.On January 13th, the Guangzhou Municipal Bureau of Industry and Information Technology publicly solicited opinions on "Several Policies of Guangzhou Municipality on Promoting the High-Quality Development of the Integrated Circuit Industry Across the Entire Chain During the 15th Five-Year Plan Period." The policy encourages enterprises in fields such as intelligent connected and new energy vehicles, communication equipment, artificial intelligence, the Internet of Things, and industrial control to strengthen collaboration with integrated circuit companies through regular supply and demand matchmaking meetings, opening up application scenarios, and prioritizing product application, thereby cultivating a reliable and stable high-level supply chain. It also emphasizes leveraging Guangzhous key industrial advantages, supporting vehicle manufacturers and display companies to increase the promotion and application of key designed and manufactured automotive-grade chips and display chips, driving the return of design companies to the manufacturing sector and the technological upgrading of manufacturing enterprises.On January 13th, the Guangzhou Municipal Bureau of Industry and Information Technology publicly solicited opinions on the "Several Policies of Guangzhou Municipality on Promoting the High-Quality Development of the Integrated Circuit Industry Across the Entire Chain During the 15th Five-Year Plan Period." The policy encourages and supports relevant entities to strengthen upstream and downstream collaboration within the industrial chain and actively undertake major integrated circuit projects undertaken by national ministries and commissions. Based on national matching requirements and the actual allocation of funds by the state, the city will provide corresponding matching funds, and encourages districts to provide corresponding matching funds and actively seek provincial-level matching funds.On January 13th, the Guangzhou Municipal Bureau of Industry and Information Technology publicly solicited opinions on the "Several Policies of Guangzhou Municipality on Promoting the High-Quality Development of the Integrated Circuit Industry Across the Entire Chain During the 15th Five-Year Plan Period." The policies encourage integrated circuit manufacturing enterprises to increase investment in technological upgrading. For investment projects that meet relevant conditions, a post-investment reward of up to 20% of the new equipment purchase amount will be provided. The scope of support for newly purchased equipment will be expanded from production equipment to energy-consuming equipment, power distribution equipment, and supporting software used by the enterprise itself. The reward amount for a single project will not exceed 30 million yuan. A post-investment reward of up to 2% of the actual investment in factory construction and installation projects within the scope of the technological upgrading registration for the above-mentioned projects will be provided, with a maximum reward of 5 million yuan per project.On January 13, the Guangzhou Municipal Bureau of Industry and Information Technology publicly solicited opinions on the "Several Policies of Guangzhou Municipality on Promoting the High-Quality Development of the Integrated Circuit Industry Across the Entire Chain During the 15th Five-Year Plan Period (Draft for Solicitation of Opinions)". The draft mentions accelerating breakthroughs in the design of high-end general-purpose chips such as processors, memory chips, and edge computing chips; actively supporting the development of specialized chips such as RISC-V (an open-source instruction set architecture based on the principle of reduced instruction set), automotive-grade, display drivers, sensors, optical communication, and 6G; strengthening support for the first-round tape-out of integrated circuit companies products; and providing subsidies of up to 50% of the tape-out cost to qualified companies that conduct tape-out of 28nm and below chips with independent intellectual property rights or significant competitive advantages.

Stock Markets Continue to Put Up a Fight

Cory Russell

Jul 18, 2022 15:12

微信截图_20220718150741.png

Weekly Technical Analysis for the S&P 500

The S&P 500 has declined considerably over the last week, but it's important to remember that the previous three candlesticks have all been hammers, which does indicate that a balance or perhaps a breakout to show signs of life is very approaching. Having said that, I believe the market will, more often than not, exhibit a scenario in which there will be a brief rebound and maybe a bid to test the 4200 level. If we could break through the 4200 level, which has served as a big area of resistance as well, the general trend would alter.


On the other side, this market is likely to crash very severely if we reverse course and break down below the 3640 level and, therefore, the 200 day EMA. Given everything being equal, I think this market is a touch oversold, so a little rebound makes some sense. The market will likely continue to be choppy and noisy, and you should be concerned about the fact that we are almost certainly heading into a recession, despite what some people on Wall Street would have you believe. Keep in mind that we are about to enter the earnings season, so you need to pay close attention to pre-market volatility.


In the end, I believe fading rallies will continue to be effective, but we must wait for those rallies to take place in order to get some opportunity and a better risk-to-reward ratio.

Suggestion