Key investment points:
Europe and the United States announced sanctions against Russia
According to China Central Television News, on February 22 local time, US President Biden announced that he would impose sanctions on Russia's two major financial institutions and elites. Biden said he would mobilize military forces in Europe and the United States to strengthen military defense in relevant regions. He stressed that this is a defensive measure and that the United States does not seek confrontation with Russia.
On the afternoon of February 22 local time, French Foreign Minister Le derion and EU high representative for foreign and security policy Borrell held a press conference on the current situation in Ukraine. Ledrion said that the 27 EU countries have analyzed the serious situation and possible consequences of the current Russian Ukrainian crisis, and unanimously adopted the first round of EU sanctions against 351 members of the Russian State Duma. In addition, the sanctions target 27 entities and individuals, including political decision makers and banks that fund them. Borrell said that the EU will adjust the severity of its sanctions according to Russia's further actions, and the EU sanctions against Russia will seriously hit Russia. He also said that the Russian president is not on the sanctions list for the time being. In addition, ledrion also announced that the meeting with Russian Foreign Minister Sergei Lavrov in Paris originally scheduled for the 25th would be cancelled.
The Council of the Russian Federation (upper house of parliament) passed relevant resolutions on the 22nd local time, allowing the Russian president to use federal armed forces outside Russia. The number of troops dispatched, the area of operation, the task and the time of staying outside Russia will be decided by the Russian president.
On February 22 local time, German Chancellor Scholtz announced that the German government would temporarily suspend the approval process of beixi-2 natural gas pipeline against the background of the escalation of the conflict between Russia and Ukraine.
Wang Yi exchanged views with US Secretary of state Blinken on Sino US relations
US Secretary of state Antony Blinken and Wang Yi, foreign minister, were invited to speak with the US Secretary of state, brinken, on February 22nd.
Wang Yi said that at present, the most important thing to grasp and promote China US relations is to implement the consensus reached by the two heads of state. China is willing to effectively control differences and stabilize China US relations in accordance with the three principles of mutual respect, peaceful coexistence and win-win cooperation put forward by the Xi Jinping president. Recently, the United States launched the so-called new version of the "India Pacific strategy", publicly listed China as the primary challenge in the region, and also tried to integrate "using Taiwan to control China" into the US regional strategy, which is obviously sending the wrong signal of containment against China. China and the United States have both competition and cooperation. We cannot simply use competition to define bilateral relations. Some US officials advocate long-term fierce competition with China, which is likely to evolve into a comprehensive confrontation between China and the United States. China once again urges the United States to reflect a series of commitments made by President Biden with practical actions. We can't say one thing and do another. We don't know what we can do if we break our promises.
Wang Yi said that in a few days, it will be the 50th anniversary of the publication of the China US "Shanghai Communique". The spirit of the "Shanghai Communique" still has strong practical significance for today's China US relations. It is hoped that the US side will revisit the original intention of breaking the ice between China and the United States, return to a rational and pragmatic understanding of China, and jointly promote the healthy and stable development of China US relations. Blinken said, as president Biden has repeatedly said, the United States does not seek to engage in a new cold war, does not seek to change the Chinese system, oppose "Taiwan independence", and has no intention of confronting China.
Earlier, on February 7, the United States included 33 Chinese entities in the "unverified list" of the Ministry of Commerce; In February 21st, according to the relevant provisions of China's anti foreign sanctions act, the Chinese government decided to counter the actions of the US military industrial enterprises Raytheon technology and Lockhead Martin company, which had long participated in the sale of weapons to China by the United States to Taiwan China. There is still uncertainty in China US relations. No. 1 central document issued in 2022
In February 22nd, the No. 1 central document was issued in 2022. The opinions of the CPC Central Committee and the State Council on doing a good job in the key work of comprehensively promoting rural revitalization in 2022 proposed to stabilize the annual grain sowing area and output, and ensure that the grain sowing area is stable and the output remains above 1.3 trillion kg; Stabilize the long-term support policies for pig production, stabilize the basic production capacity and prevent the ups and downs of production; Implement the hard measures of "long teeth" for cultivated land protection, and strictly abide by the red line of 1.8 billion mu of cultivated land; Fully implement the action plan for the revitalization of seed industry; We will solidly carry out rural infrastructure construction in key areas and vigorously promote the construction of digital countryside.
China's No. 1 central document has placed grain production and important Shenzhen Agricultural Products Group Co.Ltd(000061) supply at the top priority, the aim of this year is to put the more than 1 billion 400 million Chinese rice bowls in a more stable and firm position, and the rice bowl is mainly Chinese food, the Minister of agriculture and Rural Affairs said. Focus on three aspects: first, stabilize production. In response to the adverse effects of late sowing of some wheat planted in autumn and winter last year, we should pay close attention to the field management in spring, promote the transformation of weak seedlings into strong ones, and strive to recover the yield. Second, adjust the structure. We will vigorously adjust and optimize the agricultural structure, support the northeast region to actively promote the rational rotation of soybean and maize, orderly promote groundwater overexploitation areas, and expand the planting of soybeans by "changing water to drought" in areas unsuitable for rice planting. Third, protect cultivated land. The target and task of cultivated land ownership and permanent basic farmland protection are assigned level by level in full and with location. The cultivated land protection is regarded as a rigid index, and strict assessment, one vote veto and lifelong accountability are implemented to ensure that 1.8 billion mu of cultivated land is worthy of its name.
On the whole, the release of Document No. 1 may boost the relevant sectors of agriculture, forestry, animal husbandry and fishery. According to the statistics in recent 10 years, after the promulgation of Document No. 1, the Shenwan agriculture, forestry, animal husbandry and fishery index has a probability of rising by 70% within 7 days, with an average increase of 1.26%; The 30 day rise probability reached 80%, with an average increase of 6.85%.
Financing funds
On February 21, the balance of A-share financing was 1626.805 billion yuan, an increase of 6.937 billion yuan month on month; The balance of margin trading was 1723.180 billion yuan, an increase of 6.401 billion yuan month on month. The balance of financing minus securities lending was 1530.429 billion yuan, an increase of 7.472 billion yuan month on month.
Land stock connect and Hong Kong stock connect
On February 22, the net purchase transaction of land stock connect on that day was -7.340 billion yuan, including 41.359 billion yuan of purchase transaction and 48.699 billion yuan of sales transaction, with a cumulative net purchase transaction of 164.8837 billion yuan. Hong Kong stock connect had a net purchase transaction of HK $06 million on the same day, including a purchase transaction of HK $17.591 billion and a sale transaction of HK $17.597 billion, with a cumulative net purchase transaction of HK $2226.722 billion.
Money market
On February 22, Bank Of Shanghai Co.Ltd(601229) inter-bank offered rate Shibor overnight interest rate was 2.0390%, down 15.60bp, Shibor one week was 2.1910%, up 5.10bp. The weighted interest rate of pledged repo of deposit institutions was 2.0257% overnight, down 15.23bp and 2.1882% a week, up 7.28bp. The 10-year maturity yield of China national debt was 2.8200%, down 1.00bp.
Overseas stock market
On February 22, the Dow Jones Industrial Average closed at 33596.61 points, down 1.42%; The S & P 500 index closed at 4304.76 points, down 1.01%; The NASDAQ index closed at 13381.52, down 1.23%.
European stock markets, French CAC index closed at 6787.60 points, down 0.01%; Germany's DAX index closed at 14693.00, down 0.26%; The FTSE 100 index closed at 7494.21, up 0.13%. In the Asia Pacific market, the Nikkei index closed at 26449.61 points, down 1.71%; The Hang Seng Index closed at 23520.00, down 2.69%.
Foreign exchange rate
On February 22, the dollar index fell 0.05% to 96.0844. The euro rose 0.16% against the dollar to 1.1327. The dollar rose 0.31% against the yen to 115.0845. The pound fell 0.12% against the dollar to 1.3586. The spot exchange rate of RMB against the US dollar closed at 6.3356, depreciating by 0.04%. The spot exchange rate of offshore RMB against the US dollar closed at 6.3240, up 0.03%. The central parity rate of RMB against the US dollar closed at 6.3487, depreciating by 0.14%.
Gold, crude oil
On February 22, Comex gold futures fell 0.03% to close at US $1900.30/oz. WTI crude oil futures rose 1.20% to close at US $91.61/barrel. Brent crude oil futures fell 0.74% to close at US $96.63/barrel. COMEX copper futures fell 0.20% to close at US $4.5050/lb. LME copper three-month futures rose 0.09% to close at US $9884 / ton.
