Asset performance and capital changes:
The top five prices of Chinese commodities: fuel oil 4.76%, crude oil 4.75%, low sulfur fuel oil 4.61%, Huyin 3.26%, glass 3.18%; Iron ore - 3.49%, hot coil - 2.16%, urea - 2.06%, thread - 2.04%, PVC - 1.65% precipitation capital inflows and outflows: crude oil 5.60, Hujin 4.79, palm 3.75, soybean oil 1.50, TA1 36； Inflow and outflow of precipitation funds from iron ore -8.00, Shanghai copper -6.03, hot coil -1.77, pvc-1.76 and methanol-1.29 sectors (100 million yuan): energy and chemical industry 8.45, precious metals 6.11, non-ferrous metals 5.58, Shenzhen Agricultural Products Group Co.Ltd(000061) 5.39 and black building materials -8.06
Important news and economic data:
When the government debt research and evaluation center of the Ministry of Finance released the data of local debt issuance in January, it was disclosed. With the approval of the State Council, it was reported to the Standing Committee of the National People's Congress for the record. The Ministry of Finance issued a new local government debt limit of 1788 billion yuan in 2022 in advance.
China Central Television financial report, at present, Shenzhen second-hand housing reference price has been issued for one year, and the effect of market regulation is obvious. Data from several real estate agencies show that more and more second-hand housing transactions are close to the reference price. The average transaction price of some popular communities in Shenzhen fell by 20% - 30%, which is equivalent to a 70% discount in some communities.
Fed Brad said he reiterated his hope to raise interest rates by 100 basis points by July. The series of inflation data over the past four months shows that inflation in the US economy is expanding and may accelerate. The Fed's credibility is at stake and needs to respond to the data in a way that does not damage the market.
Risk tip: China's real estate decline and the Federal Reserve tightening monetary policy
