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On January 15th, a research report from CITIC Securities stated that adjusting the minimum margin requirement for margin trading is a routine measure by regulators to convey their regulatory stance, prevent systemic risks, and protect the legitimate rights and interests of investors. Appropriately raising the margin requirement from 80% back to 100% corresponds to a decrease in leverage from 1.25 to 1.00. We believe that regulators are determined to safeguard the sound development of the capital market, employing diverse methods and increasingly mature mechanisms. Whether its an irrational decline or a sharp rise due to short-term overheating, current regulatory measures demonstrate a clear orientation towards "stabilizing expectations, preventing risks, and promoting reform," safeguarding the bottom line of preventing systemic financial risks amidst volatility.On January 15th, a research report from GF Securities pointed out that although the December CPI data fluctuated due to the previous government shutdown, the core reading remained moderate. Prior to the data release, the market had already anticipated that the technical disruptions caused by the previous government shutdown and the year-end effect would lead to fluctuations in some sub-categories. Therefore, the market generally viewed the rebound in sub-categories such as clothing, entertainment goods, and hotel accommodations as a base effect correction rather than a trend change. Given the backdrop of "inflation not derailing + employment not slowing down," we understand that the necessity for short-term interest rate cuts remains low.On January 15, SF Holding (06936.HK) and J&T Express (01519.HK) announced that, in order to deepen their strategic cooperation, SF and J&T signed a subscription agreement on January 15, under which both parties conditionally agreed that J&T would subscribe for shares and SF would subscribe for shares, with the two subscriptions being conditional on each other.The Royal Institution of Chartered Surveyors (RICS) has significantly shifted its sales forecasts for the near term and the next 12 months to a more optimistic level.The UKs three-month RICS house price index for December was -14, compared to a forecast of -16 and a revised previous reading of -14 from -16.00.

Tesla drops Model 3, Model Y base prices by up to 9% in China

Aria Thomas

Oct 24, 2022 14:08

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According to advertisements on the company's Chinese website on Monday, Tesla (NASDAQ:TSLA) has dropped the beginning costs of its Model 3 and Model Y vehicles in China by as much as 9 percent.


The base price of the Model 3 car was dropped from 279,900 yuan to 265,900 yuan ($36,727.03), while the base price of the Model Y SUV was reduced from 316,900 yuan to 288,900 yuan.


According to Reuters, Tesla has been modifying prices in accordance with expenses. It was reported that capacity utilization at its Shanghai Gigafactory has increased, but the supply chain has remained consistent, leading in lower costs.


This is Tesla's first price cut in China in 2022; earlier in the year, the company raised prices on two models due to rising raw material costs. In September, Tesla began giving insurance benefits to consumers in an effort to encourage future purchases.


Reuters previously reported that Tesla has modernized its Shanghai factory to produce 22,000 Model 3 and Model Y vehicles each week.