Today's data highlights: 70% of undergraduate graduates from 11 universities pursue further studies; New IPO rules show their power in 70 days

The rate of undergraduate graduates pursuing further studies in 11 universities reached 70%

In recent years, more and more university graduates have been seeking to improve their academic qualifications and enhance their employment competitiveness. The overall rate of postgraduate study in key universities is on the rise, and postgraduate study has become the first choice for many undergraduate graduates from prestigious universities.

According to the undergraduate teaching quality reports or relevant data of graduates released by colleges and universities in 2022-2023, the first Finance and Economics reporter combed and counted the graduation rate of fresh undergraduates in 2023. Among them, at least 11 colleges and universities have a further study rate of 70% or more. These universities include Tsinghua University, Peking University, Chinese Academy of Sciences University, Fudan University, Shanghai Jiaotong University, University of Science and Technology of China, Northwestern Polytechnic University, Beijing University of Aeronautics and Astronautics, Shanghai University of Science and Technology, Southern University of Science and Technology, University of Electronic Science and Technology.

It should be noted that some prestigious universities have not released the latest undergraduate enrollment data, so they are not included in the statistics here. Among them, among Tsinghua University's 2023 graduates, 80.8% of undergraduates choose to continue their studies. Peking University's 2023 undergraduate graduates went on to higher education, accounting for 2,987 people, accounting for 78.07%. This is equivalent to about 8 out of every 10 undergraduate graduates from Tsinghua and Peking University going on to higher education.

In the last week of June, A-shares continued to decline.

On the 25th, the three major A-share indexes fluctuated and adjusted, and the ChiNext Index fell by more than 2% during the session. As of the close, the Shanghai Composite Index fell 0.44% to close at 2950 points, the Shenzhen Component Index fell 0.83% to close at 8850.29 points, and the ChiNext Index fell 1.82% to barely hold 1700 points.

In terms of sectors, the semiconductor industry chain has been falling back, with advanced packaging and GPU leading the decline. Car-road-cloud, consumer electronics, Nvidia concept stocks, CPO optical modules, photovoltaics, and artificial intelligence concept stocks have fallen significantly; vitamins, industrial mother machines, PEEK materials, Xiaomi automotive concept stocks have bucked the trend and strengthened.

Weak economic fundamentals, declining risk appetite and lack of incremental capital inflows are all considered by institutions to be the reasons for the continued decline of A-shares. In this regard, some fund managers suggested that long-term capital should be cultivated into the market as soon as possible, such as increasing the proportion of insurance funds in equity allocation.

Housing consumption as a percentage of China's GDP may drop to 12%

"I think it is an important point to release 4% to 5% of GDP for consumption."

The 2024 World Economic Forum Annual Meeting of the New Champions - Summer Davos Forum was held in Dalian from June 25 to 27. Zhu Min, Vice Chairman of the China Center for International Economic Exchanges and member of the World Economic Forum Board of Directors, emphasized the importance of "shifting more consumption from real estate to other products and services" at the "Revitalizing Consumption" session on the morning of the 25th.

Zhu Min said that the proportion of real estate consumption in China's GDP reached about 16% at its peak, the highest level in the world. Looking around the world, in some Western countries, the per capita income has reached 13,000 US dollars, but their real estate consumption ratio is not so high. Now, with the decline of China's real estate market, the proportion of real estate consumption may also drop to about 12%, getting closer to the level of the aforementioned Western countries, which is good news.

Zhu Min believes that now, Chinese residents spend less on real estate, and the Chinese government also hopes to provide some cheap long-term rental apartments so that some young people and young couples don't have to buy houses. Renting can significantly reduce housing costs, and lower housing costs can release more consumption potential.

The new IPO rules have shown their effectiveness in 70 days, and the number of IPO withdrawals in June has nearly doubled

It has been more than 70 days since the new IPO rules were introduced on April 12. The power of the new rules has gradually become apparent, and a wave of intensive IPO withdrawals is considered one of the powers of the new rules. Wind data shows that from July last year to May this year, the number of IPO withdrawals in a single month was 51 at most. However, as of June 24, the number of withdrawals since June has reached 83. It is worth noting that among the 83 projects that terminated the IPO process in June, nearly 90% were previously in the status of suspended review. Several investment bank underwriters told 21 reporters that some companies that no longer meet the listing requirements have entered the stage of queuing to withdraw materials. In this state, they often adjust the review status to suspended review.

On June 25, the Suzhou Public Security Bureau issued a notice on the implementation of the policy on the settlement of legally owned housing. In order to implement the decisions and arrangements of the municipal party committee and government, further deepen the reform of the household registration system, and attract more migrant workers to settle down, find jobs and start businesses in Suzhou, the municipal bureau decided to implement the policy on the settlement of legally owned housing.

Non-Suzhou residents who actually reside in the administrative area of ​​Suzhou and own legally owned housing in the city or have purchased newly built commercial housing in the city and completed online registration can apply to transfer their household registration to the housing they own or purchased, and their spouse, unmarried children and parents can apply to transfer their household registration.