Asset performance and capital changes:
China’s top five commodity gains and losses: dynamic coal 8.67%, lpg8.67% 65%, rapeseed meal 8.42%, soybean meal 7.66%, low sulfur fuel 6.43%; Coke – 3.46%, Shanghai lead – 2.52%, starch – 1.45%, iron ore – 1.39%, Shanghai zinc – 0.96% precipitation capital inflow and outflow top five (100 million yuan): crude oil 620, pvc4 25. Plastic 3.87, soybean meal 3.83, PP3 46； Inflow and outflow of precipitation funds from iron ore -1.01, Hujin -0.70, Huyin -0.61, pulp -0.21 and huxi-0.18 sectors (100 million yuan): energy and chemical industry 30.22, nonferrous metals 18.12, Shenzhen Agricultural Products Group Co.Ltd(000061) 15.04, black building materials 2.83 and precious metals -1.31
Important news and economic data:
At the end of January 2022, China’s foreign exchange reserves were US $322.632 billion, down US $28.534 billion from the end of last year, and its gold reserves remained stable at 62.64 million ounces. The safe 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.
This year, the housing provident fund loan policy has been significantly relaxed in many cities, and the housing loan lending cycle has also been shortened. The third and fourth tier cities are the most obvious. Zigong, Beihai, Yulin, Ma’anshan and other cities have issued or officially adjusted the housing provident fund policy.
According to the monitoring of China Index Research Institute, during the Spring Festival in 2022 (from January 31 to February 6), the transaction area of newly-built commercial houses in key monitoring cities decreased by 51% compared with last year’s Spring Festival.
According to the Ministry of transport on February 7, the seven-day Spring Festival holiday is expected to send 130 million passengers by railway, highway, waterway and civil aviation, an increase of 31.7% over the same period in 2021 and a decrease of 69.2% over the same period in 2019 (before the epidemic).
Risk tip: China’s real estate decline and the Federal Reserve tightening monetary policy
