February 25th (Friday), the main contents of today's headlines are:
China Securities Journal
NDRC: the reasonable range of coal price is "playing a clear card and drawing a boundary"
Wan Jinsong, director of the price department of the national development and Reform Commission, said at a press conference on the 24th that further improving the price formation mechanism of the coal market is neither returning to government pricing nor laissez faire. When the coal price is within a reasonable range, give full play to the role of the market mechanism, let the market subjects trade independently to form the price, and the government supervision should be "in place and not offside", and improper administrative intervention is not allowed; Once the price exceeds the reasonable range, regulatory measures shall be taken immediately to promote the return of coal price to the reasonable range.
"Jump and reach" new and old infrastructure and construction period race
The reporter found that under the background of moderately advanced infrastructure investment, major projects in many places have been started intensively. Some regions have implemented "red and yellow card" management, adhered to the principle of "reaching it in one jump", and accelerated the implementation and construction of major projects. Experts said that with the rise of infrastructure investment, relevant departments should make scientific research and judgment, reasonably set the project threshold and improve the effectiveness of investment.
Insiders: A shares are expected to usher in the repair market
On February 24, affected by external factors, the A-share market fell significantly. The turnover of Shanghai and Shenzhen stock markets exceeded 1.3 trillion yuan, a new high in nearly five months. Analysts said that the overall supporting factors of the market still exist, and the logic for the better remains unchanged. Under the interference of short-term sentiment, the market may still repeat, but after adjustment, it will usher in a good time for strategic allocation.
Big buying ETF big buyers show their true colors
Recently, the Shanghai Stock Exchange released a research report showing that the number of ETF investors in Shanghai stock market has exceeded 11 million in 2021. There are a lot of funds to buy ETFs. These "big buyers" still spend a lot of money against the background of the recent sharp market fluctuations. Among them, there are many institutional investors such as Barclays Bank, UBS, DuPont property insurance, Beijing Huilong capital management, medium volume investment management and so on.
Shanghai Securities News
Solve the problem of "coal and electricity top cattle", and the national development and Reform Commission will further improve the coal market price formation mechanism
The national development and Reform Commission held a press conference on the afternoon of February 24 to introduce the further improvement of the coal market price formation mechanism. On the same day, the notice on further improving the coal market price formation mechanism was officially released. Wan Jinsong, director of the price department of the national development and Reform Commission, said that judging from the situation in recent years, the irrational rise in coal prices is driven by excessive capital speculation.
The Ministry of housing and urban rural development has set the tone for real estate regulation in 2022 to maintain the stable operation of the market and effectively deal with the risks of individual real estate enterprises
This year, we should maintain the stable operation of the real estate market and strive to stabilize land prices, house prices and expectations. At the press conference held by the Information Office of the State Council on February 24, Wang Menghui, Minister of housing and urban rural development, said that this year, we should maintain the stable operation of the real estate market, maintain the continuity and stability of regulatory policies, and enhance the accuracy and coordination of regulatory policies.
The implementation plan of the 14th five year plan for the development of urban agglomeration in the middle reaches of the Yangtze River was approved
The implementation plan of the 14th five year plan for the development of urban agglomerations in the middle reaches of the Yangtze River was approved by the State Council recently. The reply said that the development of urban agglomerations in the middle reaches of the Yangtze River should accelerate the construction of a new development pattern, promote high-quality development, adhere to collaborative linkage, joint construction and sharing, highlight the advantages and characteristics of Jiangxi, Hubei and Hunan provinces, and build an important support for the development of the Yangtze River economic belt and the rise of the central region, an important growth pole for high-quality development in the country and an important urban agglomeration with international influence.
Russia launched a special military operation against the Donbas region, causing a huge shock in the global market
On February 24, the situation in Russia and Ukraine escalated again, such as black clouds turning ink and thunder, which shocked the global market again. The Asia Pacific stock market, which is in the trading period, took the lead in diving. The trading of Russian stocks was suspended for a time and fell rapidly after recovery. Its main stock index was "halved" for a time. By reviewing the impact of geopolitical conflict events in history, some institutions said that the performance of large categories of assets will also change at different stages of the conflict. Among them, stock assets may be "repaired" in the later stage of the conflict.
securities times
"Wuqi" Yunyong super black swan raids global financial markets
Yesterday, the situation in Russia and Ukraine further escalated. The "Ukraine" in the global financial market surged, the stock market fell sharply, the foreign exchange market fluctuated, energy prices soared, and safe haven assets such as gold rose sharply. There is no doubt that this is a "super black swan" incident. However, experts interviewed by the securities times believe that the overall positioning is a one-time impact.
Wind solar hydrogen storage coordinated development, and the prototype of new energy industry clusters around the country is gradually emerging
With the introduction of the relevant plans of the 14th five year plan in various provincial administrative regions, the development goals of new energy in various regions have also surfaced. According to incomplete statistics, among the more than 20 provincial plans released at present, the installed capacity of new wind power and photovoltaic during the 14th Five Year Plan period will exceed 500gw, and all localities are also actively building new energy industry clusters.
The equity auction of small and medium-sized banks has repeatedly fallen into embarrassment, and no one cares about the discount
Bank shares that often encounter unsold auctions may face no bidding even if they are discounted. Recently, the Bank of Ningxia announced the auction of 108 million shares. Analysts said that the bank's equity frequently encountered the situation of auction and transfer, which is not optimistic, is also related to the low liquidity of the bank's equity itself and the lower expectation of the receiver on the overall income prospect of the bank.
Improving the reliability of new energy supply and promoting the construction of new power system
The action plan for reaching the carbon peak by 2030 released in October last year proposed to speed up the construction of new power systems, build new power systems with a gradually increasing proportion of new energy, and promote the large-scale optimal allocation of clean power resources.
Securities Daily
The State Council approved the implementation plan of the 14th five year plan for the development of urban agglomerations in the middle reaches of the Yangtze River
On February 24, the Chinese government website released the reply of the State Council on the implementation plan of the 14th five year plan for the development of urban agglomerations in the middle reaches of the Yangtze River. The State Council agreed in principle to the implementation plan of the 14th five year plan for the development of urban agglomerations in the middle reaches of the Yangtze River.
Ministry of Finance: this year's proactive fiscal policy focuses on six aspects
On February 24, the Ministry of Finance issued the report on the implementation of China's fiscal policies in 2021, which said that in 2022, policies conducive to economic stability will be actively launched, and the policy force will be appropriately advanced. Active fiscal policies should improve efficiency, pay more attention to accuracy and sustainability, and focus on six aspects.
The national development and Reform Commission delineated a reasonable range of coal prices and set traffic lights for capital
On February 24, the national development and Reform Commission held a special press conference on the recently issued notice on further improving the coal market price formation mechanism. Wan Jinsong, director of the price department of the national development and Reform Commission, said at the meeting that the notice defines the reasonable range of coal prices and sets a "traffic light" for capital, which is conducive to stabilizing market expectations and effectively preventing the malicious speculation of speculative capital.
The Ministry of housing and urban rural development revealed four signals of real estate development
On February 24, the Ministry of housing and urban rural development once again set the tone for the real estate development in 2022. Under the main tone of "no speculation in real estate, housing and urban rural development", it gave the policy direction according to the time. In fact, the repeated statements of relevant departments not only reflect the phased problems in the industry that need to be solved, but also make it clear that the status of "pillar industry" of real estate remains unchanged.
people's daily
Prevent risks, stabilize growth, promote reform, and promote high-quality development of housing and urban and rural construction
Housing and urban and rural construction are closely related to the daily life of the people. At the same time, they are also important areas for building a strong Chinese market. On February 24, the State Council Information Office held a press conference to introduce the high-quality development of housing and urban and rural construction.
21st Century Business Herald
Pig prices in many provinces fell significantly and rebounded to the bottom in March
After the Spring Festival in 2022, the price of live pigs fell below 13 yuan / kg again and hovered at the bottom for many days. On February 22, 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 was issued, proposing long-term support policies to stabilize pig production, stabilize basic production capacity and prevent production from ups and downs.
The Ministry of transport implemented the "Sunshine Action" online car Hailing platform to disclose the pricing rules and draw the upper limit
On February 24, the Ministry of transport held a regular press conference in February. Wang Xiuchun, deputy director of the transportation service department of the Ministry of transport, said that the Ministry of transport will implement the new transportation business platform and draw enterprises into "Sunshine Action". It is reported that the "Sunshine Action" focuses on the two fields of online car hailing and new business forms of road freight, requires platform enterprises to disclose pricing rules to the public, reasonably set the upper limit of proportion and publish it publicly.
first finance
Last year, the number of mergers and acquisitions in China hit a record high, and private equity investment transactions soared
In 2021, China's M & A transactions reached 12790, an increase of 21% over 2020, a record high, but the transaction volume of US $637.4 billion decreased by 19% year-on-year. It is worth noting that in 2021, private equity fund transactions became the largest transaction category for the first time, and the transaction amount exceeded half of the total transaction amount for the first time.
China's population over 65 reaches 200 million. How to speed up the elderly care service in the next five years
Over the past 20 years, the number of elderly people over 65 in China has increased by 1.16 times. The rapid aging has posed new challenges to the construction of China's elderly care service system. China has made active response to population aging a national strategy. Recently, the State Council issued the national plan for the development of the cause of aging and the elderly care service system in the 14th five year plan, which put forward a number of goals, including the effective enhancement of family elderly care capacity, the improvement of comprehensive elderly care services, and the continuous expansion of inclusive elderly care service resources.
economic reference daily
Crack the "coal power top cow" coal price mechanism and implement heavy reform
The reporter learned on February 24 that the national development and Reform Commission recently issued the notice on further improving the coal market price formation mechanism, which defines the reasonable range of coal price and connects it with the coal-fired power generation price mechanism. It is clear that the coal and electricity prices within the reasonable range can be effectively transmitted, and beyond the reasonable range of price, it will be regulated and regulated in time.
China's market attractiveness lays a solid foundation for stabilizing foreign investment
Since 2020, in the context of a sharp decline in global direct investment, the attraction of the Chinese market to multinational corporations has increased instead of decreasing. The scale of foreign investment has increased against the trend, and the effect of stabilizing foreign investment has been remarkable. In 2021, the actual amount of foreign capital used in China exceeded 1.1 trillion yuan, a year-on-year increase of 14.9%, and the scale of attracting foreign capital reached a new record. January 2022 continued to usher in a "good start", with the actual amount of foreign capital used in China reaching 102.28 billion yuan, an increase of 11.6% year-on-year.
