On February 17, 2022, the Shanghai Composite Index closed at 3468.04 points, up 0.06%; The Shenzhen Component Index closed at 13422.90 points, up 0.35%. The Chongqing composite index, which we focus on, closed at 3656.27 points, down 0.70%; Sichuan composite index closed at 8042.78 points, up 0.92%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Rightway Holdings Co.Ltd(600321) (600321, 10.19%), Sichuan Huati Lighting Technology Co.Ltd(603679) (603679, 10.01%), Tianqi Lithium Corporation(002466) (002466, 10.00%). The 42 companies we focused on rose by an average of 0.71%, of which the top three stocks were: Sichuan Huati Lighting Technology Co.Ltd(603679) (603679, 10.01%), Sichuan Jiuyuan Yinhai Software Co.Ltd(002777) (002777, 6.60%), Sichuan Guoguang Agrochemical Co.Ltd(002749) (002749, 5.46%). By industry, the top three sectors in Sichuan and Chongqing are leisure services (4.05%), non-ferrous metals (2.80%) and electronics (2.71%).
Chengdu Municipal Cultural Industry Office and Chengdu Municipal Bureau of culture, broadcasting and tourism issued the “14th five year plan” for the construction of world famous cultural and creative cities in Chengdu, which made it clear that during the 14th Five Year Plan period, Chengdu’s cultural and creative industry will focus on “strengthening digital cultural and creative leadership”, “promoting cross-border industrial integration” and “deepening the drive of industrial and urban integration”, Build a new pattern of cultural and creative development in the city with “polar nuclear radiation, one ring structure and two wings flying together”. In terms of development priorities, we will focus on the eight industries of media, film and television, creative design, modern fashion, music and art, animation games, exhibition advertising, Modern Cultural Expo and cultural equipment, create a modern cultural and creative industry system with high added value, strong originality and good growth, and effectively enhance the core competitiveness of Chengdu’s cultural and creative industry in the global industrial chain and value chain. Sichuan and Chongqing are rich in cultural resources. Through the key support of multiple industries, promoting the integrated development of cultural and creative industries is conducive to transforming the regional resource potential, injecting new vitality into the cultural and creative industries in Sichuan and Chongqing, and helping Sichuan and Chongqing build a famous cultural city brand with global influence.
Industry dynamics
In 2022, the Sichuan Provincial Science and technology work conference was held in Chengdu. At the conference, it was proposed to build a global scientific and technological innovation space layout supported by “two main corridors, three belts and multiple points” to speed up the improvement of the innovation ability of cities and counties. In 2022, the total R & D expenditure of the whole society in the province will reach 120 billion yuan, the turnover of technology contracts will reach 142 billion yuan, the revenue of high-tech industry will reach 2.45 trillion yuan, and the revenue of scientific and technological information service industry will reach 350 billion yuan. (China News Network)
Company dynamics
Chengdu Road & Bridge Engineering Co.Ltd(002628) (002628): the announcement on foreign investment of wholly-owned subsidiaries was issued. Xinjiang Chenglu, a wholly-owned subsidiary of the company, plans to invest in the green and low-carbon industrial park project of Xinjiang Chenglu Construction Technology Co., Ltd. in Alar economic and Technological Development Zone, and build prefabricated buildings and green, low-carbon and environmental protection building materials, with a total investment of 1.5 billion yuan. Chengdu Leejun Industrial Co.Ltd(002651) (002651): issue the announcement on the recognition of wholly-owned subsidiaries as high-tech enterprises.
Risk warning: the economic recovery is lower than expected and the risk of covid-19 outbreak.
