A shares finally have some spring breath!
On February 18, A-Shares showed resilience again. In early trading, the peripheral impact index opened low, and the gem index once fell more than 1%. However, stimulated by brokerage stocks in the afternoon, the Shanghai index pursued annihilation and pulled up. After 2:30 p.m., many ministries and commissions such as the national development and Reform Commission suddenly released important documents, which brought direct benefits to the seven sectors such as transportation, aviation and photovoltaic, and also stimulated the continuous rise of relevant sectors. Therefore, the stock index continued to strengthen, and individual stocks also rose more and fell less.
On the sector, the most fierce is “counting from the east to the west”. 21 stocks in the data center sector rose by the limit or more than 10%. Some experts believe that this project will bring 400 billion level benefits. However, after hours, the regulatory authorities suddenly released a message that recently, some criminals rubbed hot spots to absorb funds under the names of “yuancosmic investment project” and “yuancosmic chain Tour”, and were suspected of illegal fund-raising, fraud and other illegal and criminal activities. Hong Kong stocks and Yuan Kwai stocks expanded, and the fast hand fell nearly 9%, while Shang Tang fell by more than 4%. In addition, the trillion dollar group also plunged, with an intraday decline of more than 17%. As a result, Hong Kong stocks fell sharply.
Analysts believe that the popularity of A-Shares has recovered, but there are still two variables: first, the volume can shrink by nearly 100 billion yuan on Friday; Two, the awesome performance of Hong Kong stocks may also affect the popularity. How to deduce it in the future needs further observation.
seven sectors welcome good
Today, the national development and Reform Commission and other departments jointly issued the notice on printing and Distributing Several Policies to promote the steady growth of industrial economy (hereinafter referred to as the notice), which proposed to continue to guide the financial system to transfer profits to the real economy in 2022; Strengthen the assessment and restraint on banks’ support for the development of manufacturing industry, promote large state-owned banks to optimize the allocation of economic capital in 2022, favor manufacturing enterprises, and promote the medium and long-term loans of manufacturing industry to continue to maintain rapid growth. In addition, 14 ministries and commissions including the national development and Reform Commission also issued several policies on promoting the recovery and development of difficult industries in the service industry (hereinafter referred to as the policy).
from the perspective of the market, these two documents are mainly good for seven sectors:
The first is the scenery new energy industry. The notice proposes to organize and implement special actions for the innovative development of photovoltaic industry, implement the construction of large-scale wind power photovoltaic bases in desert Gobi desert areas, encourage the development of distributed photovoltaic in the Middle East, promote the development of offshore wind power in Guangdong, Fujian, Zhejiang, Jiangsu and Shandong, and drive the investment in Cecep Solar Energy Co.Ltd(000591) battery and wind power equipment industry chain.
The second is the new infrastructure sector. The circular points out that it is necessary to speed up the construction of major new infrastructure projects, guide telecom operators to speed up the progress of 5g construction, support industrial enterprises to speed up digital transformation and upgrading, and promote the digital transformation of manufacturing industry; Start the implementation of major projects of Beidou industrialization and promote the large-scale application of Beidou in major strategic areas; Accelerate the implementation of the special action for the construction of big data centers, implement the project of “counting from the east to the west”, and accelerate the construction of eight national data center hub nodes in the Yangtze River Delta, Beijing Tianjin Hebei, Guangdong, Hong Kong, Macao and the Great Bay area. Promote the healthy development of real estate investment trusts (REITs) in the field of infrastructure, effectively revitalize stock assets, and form a virtuous circle of stock assets and new investment.
The third is the catering industry. The policy gives seven supporting policies to the catering industry. These include allowing provinces with large fund balances of unemployment insurance and work-related injury insurance to periodically implement the policy of delaying the payment of unemployment insurance and work-related injury insurance premiums for catering enterprises. The specific measures shall be determined by the provincial people’s government. If a qualified catering enterprise applies and is approved by the local people’s government, the payment can be postponed for a period of no more than one year, and the overdue fine will be exempted during the period of postponement. Guide Internet platform enterprises such as takeout to further reduce the service fee standard of catering merchants. wait.
The fourth is retail. The policy gives six major supporting policies to the retail industry. Among them, the central government supports the construction of County commercial system through service industry development funds. Strengthen policy support, give play to the role of market mechanism, and promote “one upward ( Shenzhen Agricultural Products Group Co.Ltd(000061) upward)” and “three downward (supply chain downward, logistics and distribution downward, goods and services downward)”.
The fifth is tourism. Policy support includes continuing to implement the policy of supporting travel agencies to withdraw the deposit of tourism service quality in 2022, maintaining 80% of the qualified travel agencies, and encouraging qualified places to further increase the proportion of temporary withdrawal. At the same time, we will accelerate the pilot work of insurance replacing margin, and expand the pilot scope of insurance replacing margin.
The sixth is highway, waterway and railway transportation. This industry has a direct positive effect, that is, the advance payment of value-added tax by railway transportation enterprises will be suspended for one year in 2022. In 2022, value-added tax on public transport services such as ferry, bus passenger transport, subway, urban light rail, taxi, long-distance passenger transport and shuttle bus will be exempted.
The seventh is the civil aviation industry. In 2022, the advance payment of value-added tax by air transport enterprises will be suspended for one year. Coordinate resources and increase financial support for civil aviation infrastructure construction. The central government continues to subsidize qualified air routes and security capacity-building through the Civil Aviation Development Fund. Encourage banking financial institutions to increase credit support for hub airports.
400 billion tuyere continues to erupt
Recently, the national development and Reform Commission, the central network and information office, the Ministry of industry and information technology and the National Energy Administration jointly issued documents recently, agreeing to start the construction of National Computing hub nodes in Beijing, Tianjin and Hebei, the Yangtze River Delta, Guangdong, Hong Kong, Macao, Dawan District, Chengdu and Chongqing, Inner Mongolia, Guizhou, Gansu and Ningxia, and planned 10 national data center clusters such as Zhangjiakou cluster. The overall layout design of the national integrated big data center system was completed, and the project of “counting from the east to the west” was officially launched.
Some experts estimate that the favorable level of this project is 400 billion yuan. As a result, changes have taken place in the capital market. The data center sector experienced a limit tide, and the IDC sector rose 5.56%.
Zhongtai Securities Co.Ltd(600918) said that the data center is an important infrastructure of the digital economy. On the one hand, China is continuously promoting the construction of computing power. From 2016 to 2020, the average annual growth rate of China’s in-service data center rack scale exceeded 30%, while the three-year action plan for the development of new data centers (2021-2023) stipulates that the data center rack scale will still maintain an average annual growth rate of about 20% by the end of 2023. On the other hand, under the increasingly tense situation of land and energy, China pays attention to promoting the rational layout of data centers. In May 2021, the national development and Reform Commission proposed to lay out and build the national hub node of the national integrated computing network and accelerate the implementation of “counting from the east to the west”.
Capital Securities pointed out that the “digital computing in the East and digital computing in the west” project is the scope of new infrastructure, which requires a new data center, which needs many high-performance computing chips: 1) computing chips: the increase of data processing capacity is bound to reverse stimulate the data processing speed, and the demand for high-performance computing chips such as CPU and GPU is expected to continue to increase.
2) Memory chip: data storage is the basis of data transmission and processing. There is still much room for the development of memory chips in China. It is suggested to pay attention to the upstream and downstream industrial chain of memory chips. 3) Server chip and interface chip: hardware facilities are the basis of computing network. The construction of data center cluster is expected to promote the expansion and upgrading of servers and interfaces.
In fact, database construction may also be a driving point, and central enterprises play an important role in this process. According to the data, as early as 2020, Metallurgical Corporation Of China Ltd(601618) , China Communications Construction Company Limited(601800) , China Railway Group Limited(601390) , China State Construction Engineering Corporation Limited(601668) , Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) and other construction central enterprises won many new infrastructure projects.
bad news broke out and Hong Kong stocks plunged
However, there are still some hidden worries in the market. Among them, the largest part is Hong Kong stocks.
first of all, the epidemic in Hong Kong is becoming more and more serious. According to the news of China Central Television, according to the statistics of the health protection center of the Department of health of the government of the Hong Kong Special Administrative Region, there are about 3600 newly confirmed cases of covid-19 pneumonia in Hong Kong on the 18th, and about 7600 initially positive cases.
Secondly, there are two kinds of information on the disk today, which has a great impact on heavyweights. First, the regulatory part pointed out that recently, some criminals rubbed the hot spots, absorbed funds under the names of “yuancosmos investment project” and “yuancosmos chain Tour”, and were suspected of illegal fund-raising, fraud and other illegal and criminal activities. The CBRC gave tips on relevant techniques and risks. Hong Kong stocks and Yuan stocks expanded, Kwai once dropped nearly 9%, and Shang Tang fell 4%. At the close, Kwai’s fell 4.86%.
The information on “guiding Internet platform enterprises such as takeout to further reduce the service fee standard of catering merchants” also caused meituan to fall sharply, with the largest intraday decline of more than 17%. As of the close, meituan closed down 14.86%.
Affected by these heavyweights, the Hong Kong stock index fell sharply at the end of today, with both the Hang Seng Index and the state-owned enterprise index falling by more than 2%.
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