When Bows and Arrows Face Bullets

iDiMi-Watched the 'Camel Guest' trilogy this week, mainly telling the confrontation between bows and arrows and fast guns. In individual combat, bows and arrows are the only cold weapons that can duel with guns. Even now, crossbows similar to bows are often used as offensive weapons.

Weekly Thoughts

In IPO audits, equity must penetrate to the ultimate beneficial natural person or SASAC. The regulatory agency’s attention to the company’s actual controller involves the essential issues of the company. How a company develops and whether it has investment value lies at the core in the company’s actual controller. The will, judgment, and even personal living habits of the actual controller play an important decisive role in the company’s value.

Industry, company, and actual controller are three important aspects of company due diligence. The first two can be judged correctly using standard methodologies, but judging the actual controller is difficult. First, it is difficult for ordinary investors to communicate face-to-face with the actual controller. Second, the actual controller’s remarks are difficult to find in the media, and most of what is found is public relations articles. Third, investors themselves have a cognitive radius, and it is difficult to judge people.

I watched the “Camel Guest” trilogy this week, which mainly tells the story of the confrontation between bows and arrows and fast guns. In individual combat, bows and arrows are the only cold weapons that can duel with guns. Even now, crossbows similar to bows are often used as offensive weapons. In the martial arts of the Republic of China, knights often used bows and arrows to duel with the enemy’s rifles. Another martial arts movie about bows and arrows in the Republic of China is “Arrow Scholar Liu Baiyuan”.

Weekly Events

The General Assembly of the Members of the Chinese Academy of Sciences and the Chinese Academy of Engineering was held, reminding the people to abandon illusions. Technology must take the road of independence. Enterprises become the questioners. Basic science, biotechnology, hard technology, military industry, and semiconductors are still the main investment directions in the future.
The Premier investigated commodities in Ningbo. Commodities do not have the basis for price increases.
The Cambridge Centre for Alternative Finance stated that the annual electricity consumption of global Bitcoin mining is approximately 149.37 TWh. Multiple departments joined forces to crack down on mining and Bitcoin trading.

Weekly Market

Period: 2021-05-23——2021-05-30

4-week review: The three major indices rose slightly this week. The top three wind industry gainers were shipping, biotechnology, and healthcare; the top three losers were airports, forestry, and motorcycle indices. The top three wind concept gainers were vaccines, medical aesthetics, and biological products; the top three losers were small base stations, 4G, and Stock Connect.

3-week review: The three major indices all fell this week, and the index has been in a volatile market for a long time. The top three wind industry gainers were coal, shipping, and steel; the top three losers were motorcycles, airports, and catering indices. The top wind concept gainers were iron ore, coal, and soda ash; the top three losers were consumption, small base stations, and semiconductors.

2-week review: The three major indices all rose this week, mainly due to the surge in the whole market on Friday. It will still be in a volatile market in the short term. The top three wind industry gainers were biotechnology, automobiles, and securities firms; the top three losers were biotechnology, coal, and steel. The top three wind concept gainers were participating in finance, Chengdu-Chongqing Special Zone, and smart grid; the top three losers were PTA, steel, and rare earth.

1-week review: The three major indices all rose this week, mainly due to the surge in the whole market on Friday. It will still be in a volatile market in the short term. The top three wind industry gainers were shipping, soft drinks, and automobiles; the top three losers were chemical fiber, motorcycles, and petrochemicals. The top three wind concept gainers were participating in finance, Chengdu-Chongqing Special Zone, and smart grid; the top three losers were PTA, steel, and rare earth.

This week’s review: The three major indices all rose this week, mainly due to the surge in the whole market on Friday. It will still be in a volatile market in the short term. The top three wind industry gainers were beverages, trade, and securities firms; the top three losers were office supplies, agriculture, and shipping. The top three wind concept gainers were photoresist, sodium-ion batteries, and yellow rice wine; the top three losers were shale gas, bicycles, and planting industry indices.

Market (%)	Index	This Week	1 Week Ago	2 Weeks Ago	3 Weeks Ago
Shanghai Composite Index	3600.78	3.28	-0.11	2.09	-0.69
Shenzhen Component Index	14852.88	3.02	1.47	1.97	-2.31
ChiNext Index	3232.29	3.82	2.62	4.24	-2.53
Hang Seng Index	29124.41	2.34	2.67	-2.04	-0.4
HSCEI	1123.38	1.96	1.43	-1.41	1.83
Hang Seng HK Chinese Companies	4168.09	1.37	1.55	-1.21	1.51
Dow Jones Index	34529.45	0.94	-0.51	-1.14	2.67
Nasdaq	13748.74	2.06	0.3	-2.34	-1.51
S&P 500 Index	4204.11	1.16	-0.43	-1.39	1.23

Market (CNY, Billion)	This Week	Previous Week	2 Weeks Ago	3 Weeks Ago
Shanghai Stock Connect	300.9	-20.72	7.25	-6.99
Shenzhen Stock Connect	167.24	14.94	19.87	12.64
Hong Kong Stock Connect	76.87	20.46	46.95	-7.15

Positions

Code	Name	Dynamics of this Period
LKCO	Luokung Technology	Flat
F002083	Xinhua Xin Dongli Flexible Allocation	New
F166301	Huashang New Trend Flexible Allocation	New
F000978	Invesco Great Wall Quantitative Selection	New
F000311	Invesco Great Wall CSI 300 Index Enhanced	New
F005449	Huaxia Industry Leader Hybrid	New
F163406	Xingquan Herun Hybrid (LOF)	New