daily collection
surging news: according to the document on centralized drug procurement in the Yangtze River Delta (Shanghai, Zhejiang and Anhui) alliance region (csj-yd2022-1), Shanghai, Zhejiang and Anhui reached an agreement to form a regional alliance and form an alliance procurement working group to carry out centralized drug procurement in the Yangtze River Delta (Shanghai, Zhejiang and Anhui) alliance region. At 9 a.m. on February 25, the application materials were received. As of 11 a.m., the place was the hall on the first floor, 622 jumen Road, Huangpu District, Shanghai; The disclosure time of the application information is 13 p.m. that day, and the place is Room 308, No. 622, jumen Road, Huangpu District, Shanghai. It is noteworthy that although the name of centralized mining is centralized mining in the Yangtze River Delta, it is not Jiangsu, Zhejiang and Shanghai in the usual sense, but Shanghai, Zhejiang and Anhui.
supreme law: on February 24, the Supreme People’s Court issued the decision on Amending the interpretation of the Supreme People’s Court on Several Issues concerning the specific application of law in the trial of criminal cases of illegal fund-raising, which revised and improved the conviction and punishment standards of the crime of illegal absorption of public deposits and the crime of fund-raising fraud in the original judicial interpretation, and clarified the application of relevant laws, We will better implement the criminal policy of tempering justice with mercy, punish the crime of illegal fund-raising according to law, and safeguard the country’s financial security and stability.
China government network: 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, which requires highlighting the advantages and characteristics of Jiangxi, Hubei and Hunan provinces, optimizing the structure of multi center networked urban agglomerations, improving the comprehensive carrying capacity, and playing the role of spatial hub in the national unified market, 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 national high-quality development, and an important urban agglomeration with international influence.
macroeconomic
Shanghai Securities News: on February 24, the official website of the Shanghai municipal government issued the implementation opinions on further promoting the construction of charging and replacing infrastructure in Shanghai, which further promoted the construction of charging and replacing infrastructure in Shanghai and met the growing charging demand of citizens. The opinions put forward that Shanghai will form a moderately advanced urban charging network to meet the charging demand of more than 1.25 million electric vehicles by 2025, and the vehicle pile ratio in Shanghai will not be higher than 2:1.
financial Associated Press: the Ministry of Finance released the report on the implementation of China’s fiscal policy in 2021, saying that in 2022, the active fiscal policy should improve efficiency, pay more attention to accuracy and sustainability, and focus on six aspects: first, implement greater tax cuts and fee reductions to enhance the vitality of market players. Second, maintain appropriate expenditure intensity and improve expenditure accuracy. Third, reasonably arrange special bonds of local governments to support the construction of key projects. Fourth, increase the transfer payment from the central government to local governments and firmly grasp the bottom line of “Three Guarantees” at the grass-roots level. Fifth, adhere to the tight living of Party and government organs and run all undertakings thrifty. Sixth, we should strictly enforce financial discipline and straighten out financial order.
China Securities News: on February 24, the official website of the Ministry of Education issued a document. The Ministry of education, the State Health Commission and the State Administration of market supervision jointly issued the notice on further standardizing the services related to campus vision testing and myopia prevention and control. The notice requires that unqualified institutions are strictly prohibited from entering the school to carry out vision testing. Local market supervision departments shall strictly investigate and deal with the behavior of marketing and publicity of children’s and teenagers’ myopia prevention and control products by using misleading expressions such as “rehabilitation”, “recovery”, “degree reduction”, “myopia cure”, “myopia Nemesis” and “degree repair” according to law.
China News Network: Shu Chi, spokesman of China’s Ministry of transport, revealed at a press conference held by the Ministry of transport on the 24th that the Ministry of transport guided local transportation authorities to accelerate the resumption of key transportation projects.
industry dynamics
interface news: business agency data show that on February 23, the factory quotation of potassium chloride in China was about 3490 yuan / ton, an increase of about 70% compared with the same period last year. Compared with the end of last year, the current output of potassium chloride rose by more than 9%, a new high in the past decade. Potassium chloride is the most important variety of potassium fertilizer.
Zhongxin Jingwei: according to the data released by the official wechat of the passenger Federation on the 24th, the retail sales of passenger cars in the narrow sense of the passenger Federation in January was 2.078 million, a year-on-year decrease of 5.0%. Affected by the decline of new energy subsidies, the new energy market retailed 352000 vehicles in January, down 25.8% from December last year. However, the mainstream new energy vehicle enterprises maintained a steady sales performance, with a positive growth of 135.7% year-on-year, and the penetration rate of new energy remained at a high level of 17%.
Securities Times: on February 24, the Department of ecological environment of Anhui Province publicized the completion and treatment of carbon emission quotas of key emission units in the first performance cycle of the national carbon market in Anhui Province, which is the first province to publicize the performance of the national carbon market.
financial Associated Press: M6 monocrystalline silicon wafer (166mm / 165) this week μ m) The price range was 5.35-5.45 yuan / piece, and the average transaction price increased to 5.41 yuan / piece, with a weekly increase of 3.05%; M10 monocrystalline silicon wafer (182 mm / 165 mm) μ m) The price range was 6.45-6.5 yuan / piece, and the average transaction price increased to 6.48 yuan / piece, with a weekly increase of 1.89%; G12 monocrystalline silicon wafer (210mm / 160) μ m) The price range was 8.5-8.65 yuan / piece, and the average transaction price increased to 8.54 yuan / piece, with a weekly increase of 0.23%.
stock market focus
China Fund News: the fund King contacted the investment and research personnel of the fund company for the first time and interpreted that for a shares, the conflict between Russia and Ukraine will not have a positive impact on China’s macro fundamentals. The impact of A-Shares is limited, and the irrational decline is a good time for strategic batch allocation. China Europe Fund said that in terms of A-Shares alone, the withdrawal on the 24th only reduced the risk appetite caused by emergencies, not a fundamental problem. Although the follow-up uncertainty still exists, the core variable of China’s stock market is still the internal “steady growth” and “structural adjustment”. The recent decline in the market has released the risk of A-share valuation differentiation, or we can pay attention to the investment opportunities under the main line of China’s steady economic growth, mainly in the areas with large incremental elasticity in infrastructure investment related to steady growth; Industries with strong profitability and valuation flexibility in optional consumption.
financial Associated Press: Western Securities Co.Ltd(002673) said that the intensification of the situation in Russia and Ukraine triggered a global panic and the global risk assets suffered a sharp decline. Although the volume of the war between Russia and Ukraine is much larger than that of the war between Russia and Georgia in 2008, the impact on A-Shares is more along the chain of the United States → Asia Pacific market → A shares. The time dimension is still a short-term impact, and the impact on the medium-term trend of A shares is limited.
Looking forward to the future, geopolitical risks have increased, but the impact is short-term. The expectation of the Federal Reserve’s sharp interest rate increase in March has dropped, and the disturbance of overseas markets to A-share risk sentiment is expected to converge. Superimposed on the annual report and the first quarterly report window period and the emotional catalysis of the two sessions, the A-share market has ushered in a good opportunity for layout after repeatedly grinding the bottom.
financial Associated Press: gold prices are irresistible. The logic behind the recent unstoppable rise is nothing but geopolitical factors. Industry institutions have also suggested investment opportunities for safe haven assets. The concepts of A-share gold and silver continued to rise in the intraday trading on February 24, and the prices of Comex gold and Comex silver also reached a phased high. “The geopolitical influence of Russia and Ukraine will undoubtedly lead to the rise of risk aversion. Under the background of the complexity of the international situation, funds prefer assets with strong safety margin, and the risk aversion attribute of gold promotes its price to continue to rise.” Some analysts told reporters.
Subscription of new shares: none
subscription of new bonds: medium special convertible bonds and green dynamic convertible bonds
IPO: none
new bond listing: none
company news
Zhengzhou Coal Industry & Electric Power Co.Ltd(600121) : branch stopped production for rectification due to accident
China Tungsten And Hightech Materials Co.Ltd(000657) : the subordinate company plans to invest in the capacity expansion and transformation project of NC blade production line
Amlogic (Shanghai) Co.Ltd(688099) : net profit in 2021 increased by 608.49% year-on-year
Chongqing Fuling Zhacai Group Co.Ltd(002507) : the net profit in 2021 was 742 million yuan, a year-on-year decrease of 4.53%
East micro semiconductor: the prosperity of semiconductor power devices continued to improve, and the net profit increased by 429% year-on-year in 2021
Beijing Roborock Technology Co.Ltd(688169) : net profit increased by 2.4% in 2021. Shareholders and directors, supervisors and senior management plan to reduce the shares of the company by no more than 10.75%
Ningbo Ronbay New Energy Technology Co.Ltd(688005) : the net profit in 2021 was 911 million yuan, with a year-on-year increase of 327.75%
Zhejiang Supcon Technology Co.Ltd(688777) : the net profit in 2021 was 578 million yuan, with a year-on-year increase of 36.54%
Healthcare Co.Ltd(603313) : the vice president plans to hold an additional 1-2 million yuan of shares
Capitalonline Date Service Co.Ltd(300846) : shareholders plan to reduce their shares by no more than 2.01%
Ucloud Technology Co.Ltd(688158) : the two shareholders plan to reduce their shares by no more than 8% in total
* ST Chengxing: shares have increased significantly recently, and the trading is suspended for verification
Guizhou Bc&Tv Information Network Co.Ltd(600996) : East digital West computing industry company is in the preliminary design and planning stage
data list
Shanghai and Shenzhen Stock Markets: the three major A-share indexes maintained a weak shock after opening low and continued to decline in the afternoon. The Shenzhen Composite Index and gem index once fell more than 3%, and the decline narrowed towards the end of the trading. As of the close, the Shanghai index fell 1.70%, the Shenzhen composite index fell 2.20% and the gem index fell 2.11%. The oil and gas supply sectors were the top gainers; Software services, Internet, culture, education and leisure sectors led the decline. The turnover of the two cities exceeded 1.3 trillion yuan, a five-month high.
Hong Kong stocks: Hong Kong stock Hang Seng Index fell sharply by 3.21%; The Hang Seng technology index fell 4.33%, breaking an all-time low in the session. Most industry sectors fell, with Alibaba falling more than 6% and HKEx falling more than 5%. Energy stocks bucked the trend, with PetroChina up more than 3% and ENN energy up more than 2%.
Shanghai Shenzhen Hong Kong stock connect: on February 24, the north capital sold a net 3.358 billion yuan, of which the Shanghai Stock connect sold a net 2.356 billion yuan and the Shenzhen Stock connect sold a net 1.002 billion yuan. Among the top ten traded stocks, Zijin Mining Group Company Limited(601899) , Sungrow Power Supply Co.Ltd(300274) , Ganfeng Lithium Co.Ltd(002460) were among the top three, with net purchases of 748 million yuan, 426 million yuan and 288 million yuan respectively. The net sales of Ping An Insurance (Group) Company Of China Ltd(601318) , Kweichow Moutai Co.Ltd(600519) , Wuliangye Yibin Co.Ltd(000858) ranked among the top three, with net sales of 964 million yuan, 925 million yuan and 352 million yuan respectively.
dragon tiger list: on February 24, among the stocks on the list, the largest net capital inflow was Shouhang High-Tech Energy Co.Ltd(002665) , which was 126 million yuan. Data show that the stock closed within the daily limit, with a turnover rate of 14.66% throughout the day. Huaxin Shanghai Branch, which ranks first in net capital inflow, bought a net 62.9184 million yuan, and Shenzhen Stock connect seats bought a net 12.4286 million yuan. A total of 25 stocks were involved in the institutional participation in the dragon and tiger list, of which 8 were net bought by the institution, and Chengda pharmaceutical was the most bought, with a total of 39.5083 million yuan. In addition, 17 shares were sold by institutions, and Hangzhou Great Star Industrial Co.Ltd(002444) was sold the most, amounting to 271 million yuan.
margin trading : as of February 23, the balance of two financial transactions in Shanghai and Shenzhen was 1733.922 billion yuan, an increase of 8.634 billion yuan over the previous trading day. Among them, the financing balance was 1636222 million yuan, an increase of 6.544 billion yuan over the previous trading day; The balance of securities lending was 97.699 billion yuan, an increase of 2.09 billion yuan over the previous trading day.
Shibor : Shibor reported 2.1970% overnight, up 15.4 basis points; Shibor reported 2.1870% in seven days, up 1.1 basis points; Three month Shibor reported 2.3790%, down 0.4 basis points.
foreign exchange
On February 24, the central parity rate of RMB was reported at 6.328, up 33 points, and the central parity rate of the previous trading day was reported at 6.3313 The onshore RMB closed at 6.3234 against the US dollar at 16:30 on February 24, down 56 points from the previous trading day.
property market observation
financial Associated Press: Wang Menghui, Minister of housing and urban rural development, said on the 24th to keep the real estate market running smoothly. Maintain the continuity and stability of regulatory policies and enhance the accuracy and coordination of regulatory policies. We will continue to steadily implement the long-term mechanism for real estate, ensure the rigid demand for housing, meet reasonable improvement needs, promote the virtuous cycle and healthy development of the real estate industry, and strive to stabilize land prices, house prices and expectations.
Securities Daily: recently, there have been bursts of warm wind in the property market, and various policies conducive to the recovery of the property market have been introduced. Many cities in China have reduced the down payment ratio of the first house and some banks have reduced the mortgage interest rate. The reporter learned through the visit that the “plus point” level of mortgage interest rate of many banks in Ningbo, Zhejiang Province in February has further decreased compared with last month.
Some banks added 80bp to their first mortgage last month, but now it has been reduced to 75bp or even 70bp, that is, the annual interest rate has decreased by 0.05 and 0.1 percentage points respectively. The reduction level of the “plus point” of the second house loan interest rate is basically similar.
international information
first finance and Economics: the General Administration of Customs announced that wheat imports from Russia are allowed in accordance with relevant Chinese laws and regulations and the supplementary provisions of the protocol on plant quarantine requirements for wheat exported from Russia to China between the General Administration of Customs of the people’s Republic of China and the Ministry of agriculture of the Russian Federation.
finance and economics of China Central Television: as a major global aluminum exporter, the dispute between Russia and Ukraine has once again cast a worrying shadow on the global aluminum supply. Traders are worried that if the United States and Europe increase sanctions against Russia, it will affect the supply of aluminum and further push up the price of aluminum. Rusal is the world’s third largest producer of aluminum and alumina. Its aluminum production accounts for about 6% of the world’s total output. When the company was sanctioned by the United States in 2018, it once significantly pushed up the international aluminum price.
futures market
China Futures: China commodity futures closed with more gains and less losses. Zheng oil’s main contract rose by the limit, with soybean II rising by more than 7%, rapeseed meal, palm oil and LPG rising by more than 6%, soybean oil and crude oil rising by more than 5%, peanut and staple fiber rising by more than 4%, Lu and Huyin rising by more than 3%, and Shanghai tin and corn rising by more than 1%; Soda ash and thread fell by more than 2%, Shanghai zinc and Zheng coal fell by more than 1%, and coke and red dates fell slightly.
International Futures: on Thursday, US Eastern time, international oil prices rose and fell. As of the closing, crude oil futures in April in New York closed up US $0.71, or 0.77%, to US $92.81/barrel, up more than 9% before, reaching US $100.54/barrel; Brent April crude oil futures closed up $2.24, or 2.31%, at $99.08/barrel, reaching a maximum of $102.26/barrel. The international gold price rose. As of the closing, the April gold futures price with the most active trading in the gold futures market of the New York Mercantile Exchange rose by US $15.9 to US $1926.3 per ounce, or 0.83%, a new closing high since January 5, 2021.
overseas index
U.S. stock market: on Thursday, Eastern time, the three major U.S. stock indexes opened low and went high and rose across the board. Among them, the NASDAQ index rebounded more than 6% from the intraday low. As of the close, the Dow index rose 92.07 points to close at 33223.83 points, or 0.28%; The NASDAQ rose 436.09 points, or 3.34%, to close at 13473.58 points; The S & P 500 index rose 63.20 points, or 1.50%, to close at 4288.70.
European stock markets: on Thursday, European time, the main indexes of European stocks fell across the board. The UK FTSE 100 index closed at 7207.01, down 291.17 points or 3.88% from the previous trading day, the largest one-day decline since June 2020; France CAC40 index closed at 6521.05 points, down 259.62 points or 3.83% from the previous trading day; Germany DAX30 index closed at 14052.10, down 579.26 points or 3.96% from the previous trading day; The Russian RTS index closed at 742.91, down 461.20 points or 38.30% from the previous trading day.
Asia Pacific stocks: the Nikkei 225 index closed down 469.61 points, or 1.78%, at 25980.0. South Korea’s Kospi index closed down 70.73 points, or 2.6%, at 2648.8.
