February 8th (Tuesday), the main contents of today’s headlines are:
China Securities Journal
Three questions and steady growth policy spring flowers bloom bright prospects
On the first trading day of the year of the tiger, A-Shares made a “good start”, reflecting the recovery of investor confidence. At the same time, many ministries and commissions continued to promote the implementation of steady growth policies, and major projects were successively deployed and started. Experts believe that with the coordinated development of stable growth policies, investors’ questions about whether the policy space is sufficient, whether the policy effect is obvious and whether the policy power point will be optimized will be gradually answered, and the steady recovery of the economy can be expected.
At the end of January, the scale of foreign reserves fell slightly, and the operation of the foreign exchange market was generally stable
According to the data released by the State Administration of foreign exchange on February 7, as of the end of January 2022, the scale of China’s foreign exchange reserves was US $322.16 billion, a decrease of US $28.5 billion or 0.88% compared with the end of 2021. Experts said that the valuation factor was the main reason for the decline in the scale of foreign exchange reserves at the end of January. China’s economic fundamentals of strong resilience, sufficient potential and long-term improvement have not changed, which will provide strong support for the overall stability of the scale of foreign exchange reserves.
The first show of A-Shares in the year of the tiger has many highlights and the main line of “steady growth” is wonderful
A-share tiger year ushered in a “good start”, and the main stock indexes closed up across the board. Under the background of the “steady growth” policy, related sectors of the infrastructure industry chain led the rise; Driven by the rise in global commodity prices, resource stocks are also sought after by funds.
The “surge” of national debt interest rates in many countries has a controllable impact on China’s bond market
According to the analysis of insiders, during the Spring Festival, the tightening of monetary policy by the central banks of major developed countries represented by the Federal Reserve is the main reason for the rise of bond interest rates in major developed countries. The interest rate of overseas bond market rises, which has a short-term and controllable impact on China’s bond market. The key to the future trend of China’s bond market lies in China’s fundamentals. Under the target of steady growth, there is still room for broad money, and the probability of the bottom of short-term bond market interest rate hovering is high; However, in the long run, the bond market will pay more attention to the implementation of wide credit. With the recovery of the economy, the bond market interest rate will have an upward inflection point.
Shanghai Securities News
Key strategic services: local insurance bureau
With the 2022 work conference held by many local banking and insurance regulatory bureaus, there is a direction mark and path map for the banking and insurance industry to serve the real economy and deal with various business challenges in the new year.
On the first day of the year of the tiger, major projects were launched intensively, aiming at new and old infrastructure, intelligent manufacturing, new energy and new materials
On the first day of the year of the tiger, stable investment is fully open. A large number of major projects have been started in Fujian, Hunan, Shanghai, Shaanxi and other places, involving hundreds of billions of yuan of investment. Analysts believe that with the rework of workers after the festival and the accelerated issuance of special bonds, the development of infrastructure can be expected in the future.
The year of the tiger fund opens the position increase mode, and the stable growth sector may dance with the high boom track
“Smart money” bet on the year of the tiger A-Shares made a good start. The reporter learned that for some time, all kinds of funds, including public offering, private placement and foreign investment, have been flowing into the A-share market, with high enthusiasm for bottom reading. Institutional people believe that in the environment where A-Shares fall out of a higher cost performance, incremental funds are expected to accelerate the admission. Among them, there are good investment opportunities in stable growth related industries and high boom tracks.
Payment data reveal that there is no upper limit for new consumption
The payment business data reached a new high during the Spring Festival of the year of the tiger. Yesterday, the data disclosed by the people’s Bank of China showed that according to the data of major commercial banks, Payment institutions and clearing institutions, the national non cash payment business volume during the Spring Festival in 2022 (from January 31 to February 6) was 20.84 billion, with an amount of 14.9 trillion yuan, an increase of 10.0% and 16.2% respectively over the same period last year. During the Spring Festival, the payment business volume of the public in shopping, catering, travel, leisure and entertainment and other scenes continued to grow.
securities times
More than 3500 stocks rose, and A-Shares welcomed the “good start” of the year of the tiger
On the first trading day of the year of the tiger, the A-share market continuously adjusted its situation before the Spring Festival. More than 3500 stocks in Shanghai and Shenzhen stock markets rose, while individual stocks in the Beijing stock exchange rose more or fell less, achieving a “good start”.
“Core shortage and price rise” continues, and the semiconductor boom cycle is hard to peak
Under the background of continuous and repeated covid-19 pneumonia epidemic, the “core shortage and price rise” swept the world in 2021. Entering 2022, the pattern of core shortage is still hard to end, and the evolution of supply and demand will be more complex. Among them, it is regarded as the “hand” of expanding production to save the lack of core, and it is also tied with the “shackles” of the lack of core.
In January, foreign reserves decreased by US $28.5 billion, and domestic foreign exchange supply and demand were basically balanced
According to the data released by the State Administration of foreign exchange on February 7, as of the end of January 2022, the scale of China’s foreign exchange reserves was US $322.16 billion, a decrease of US $28.5 billion or 0.88% compared with the end of 2021. Wang Chunying, deputy director of the State Administration of foreign exchange and spokesman, said that in January, the operation of the foreign exchange market continued to be stable, and the domestic foreign exchange supply and demand showed a basic balance. In the international financial market, influenced by the expectation of monetary policy, geopolitical and macroeconomic data of major countries, the US dollar index rose and the overall price of global financial assets fell. The decrease in the amount of non US dollar currencies after conversion into US dollars, combined with the changes in asset prices and other factors, reduced the scale of foreign exchange reserves in the current month.
Morgan Stanley looks forward to greater opportunities for mature markets in the first half of the year of the tiger investment
Andrew harmstone, senior portfolio manager of Morgan Stanley Investment Management global diversified assets and head of global balanced risk control team, said, “Demand for US Treasury bonds has been growing, especially from US pension funds. Due to the increasing abundance of funds in these funds, portfolio positions do not need too many stocks, so they are gradually increasing their positions in fixed income assets. In addition, overseas investors’ demand for US Treasury bonds is also quite strong because of other markets (such as Asia) The prospect of rising interest rates is lower than that of the United States. ”
Securities Daily
What signals does the A-share year of the tiger send
On February 7, the first trading day of the year of the tiger, the Shanghai index closed up 2.03%, the Shenzhen Component Index closed up 0.96%, the gem index closed up 0.31%, and the shares of more than 3400 companies rose. The positive factors of a good start deserve attention.
Experts “feel the pulse”: the economy has made progress while maintaining stability, and consumption has maintained an expanding trend
Macroeconomic data for January will be released soon. On February 7, the reporter of Securities Daily interviewed a number of experts to “feel the pulse” of the macroeconomic situation in advance. Zhou Maohua, a macro researcher of the financial market department, told the Securities Daily that the economy continued to recover in January, but the impact of the epidemic still exists, and it will take some time to gradually release the effect of the steady growth policy. Therefore, the macro economy will continue to operate within a reasonable range in the first quarter.
The implementation of a new round of tax and fee reduction has been accelerated, and 14 preferential policies have been postponed
Recently, the relevant person in charge of the national development and Reform Commission said in an interview with the media that the active fiscal policy should improve the efficiency and accurately implement the combined tax reduction and fee reduction policy with greater efforts around key industries such as small, medium-sized and micro enterprises, individual industrial and commercial households and manufacturing.
The reporter found that 14 preferential tax policies have been postponed.
The new energy vehicle market is not weak in the off-season, and the strong demand momentum will continue
New energy vehicle enterprises made a prosperous start in 2022. New energy brands such as Byd Company Limited(002594) , GAC ea’an and Xiaopeng automobile all achieved sales growth in January. Industry experts said that it is a long-term trend for new energy vehicles to replace gasoline vehicles, and the sales of new energy vehicles will not weaken in the future.
people’s daily
The consumer market will continue to recover investment and maintain growth, and the potential of domestic demand will continue to be released
In 2021, China’s economic development and epidemic prevention and control remained a global leader, and the 14th five year plan achieved a good start. In 2022, facing the triple pressure of shrinking demand, supply shock and weakening expectation, what is the trend of China’s economy?
first finance
The old energy under the “shortage” counterattacks, and the oil price has hit $100
With the shale oil revolution in the past few years, many people may not expect to see oil prices breaking 100 in their lifetime. However, this “old energy counterattack” came so suddenly.
Winter Olympic hot money “one trick is hard to find” rush to buy concept stocks also need to work hard
On February 7, the first day of the opening of A-Shares after the festival and the third day of the Beijing Winter Olympic Games, many East Olympic + ice and snow concept stocks rose by the limit. According to incomplete statistics, there are more than 70 stocks in the Beijing Winter Olympics concept sector. From the perspective of the industries involved in the rising stocks, it covers several listed companies related to the production and sales of Winter Olympics licensed commodities, Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) , Cultural Investment Holdings Co.Ltd(600715) , Beijing Caishikou Department Store Co.Ltd(605599) , Keeson Technology Corporation Limited(603610) and other listed companies.
economic reference daily
Make efforts to stabilize growth and delineate the economic priorities of 2022 by the local two sessions
It is found that up to now, in addition to Tianjin, 30 provinces (autonomous regions and cities) have successively held the local two sessions to finalize the road map of economic and social development. Overall, steady growth remains the focus of economic work in 2022, and all localities have put forward clear economic growth expectations. On the implementation path, stabilizing industry, expanding domestic demand and promoting transformation have become the key plays. Relieving enterprises and reducing the burden and stimulating the vitality of market players have become the key driving points. A series of specific measures are expected to accelerate the implementation.
The new round of 5g construction of “new infrastructure” will be “moderately advanced” and speed up the coverage of counties and towns
Many parties are stepping up the drawing of a new round of “new infrastructure” planning map. Including the Ministry of industry and information technology, the national development and Reform Commission and other departments, it is clear that 5g, data center and other new infrastructure construction will be moderately deployed in advance. More than 20 provinces (autonomous regions and cities), including Shanghai, Fujian, Sichuan, Hunan and Anhui, have defined the construction plans of 5g and data center in 2022, and proposed to further give play to the scale effect and driving role of “new infrastructure” such as 5g, so as to create an important engine of economic growth. In the view of the industry, in view of the triple pressure faced by China’s economic development, it is necessary to further optimize the investment and development environment of “new infrastructure”, so that “new infrastructure” can play a greater role in stimulating economic growth and expanding effective investment. At the same time, it is also necessary to take into account the relationship between “advance” and “moderation”.
