On Thursday, December 9th, the main contents of today’s headlines are:
China Securities Journal
The RMB exchange rate hit a new high in more than three years
The central bank’s comprehensive RRR reduction is imminent. The onshore and offshore RMB exchange rates rose hand in hand on the 8th, both breaking the high point at the end of May this year and reaching a new high since May 2018. Why is the RMB exchange rate so strong? What is the future trend? Industry insiders believe that factors such as high export boom, foreign capital inflow and stable monetary policy provide support for the stability of the RMB exchange rate operation center. Near the end of the year, the Centralized Settlement of foreign exchange by enterprises may promote the rapid appreciation of RMB exchange rate to a certain extent, and the influence of seasonal and transactional factors may not be sustainable. Although the monetary policies of the world’s major economies will be adjusted, the trend of two-way fluctuation of RMB exchange rate will not change.
“Another red” of banks at the end of the year: accelerating the transformation of wealth management
The activities held by banks at the end of each year for the “good start” of the coming year came as promised, but this year the situation was “abnormal”. A reporter from the China Securities Journal recently conducted a field survey of a number of bank outlets in Beijing and found that many banks have weakened their enthusiasm for attracting deposits, instead pushing funds, insurance and other products, paying attention to “intensive cultivation” of customers and improving the comprehensive service level.
We will optimize the consumption environment and strengthen the construction of the rural market system
On December 8, the reporter of China Securities Journal learned at the regular policy briefing of the State Council that the recently held executive meeting of the State Council deliberated and adopted the plan for promoting agricultural and rural modernization in the 14th five year plan, which will be published in the near future. The plan specifies that during the 14th Five Year Plan period, China will strengthen the construction of rural market system, improve the business service network, optimize the rural consumption environment, cultivate leading seed enterprises with international competitiveness, optimize rural leisure tourism, develop rural e-commerce, implement furniture and home decoration subsidies and a new round of automobile to the countryside, We will promote the upgrading of durable consumer goods for rural residents.
10-year Treasury bonds challenge the “psychological bottom” and broaden credit to become a “key gentleman”
In the past few trading days since the announcement of the central bank’s comprehensive RRR reduction, the bond market has fluctuated significantly, and the yield of 10-year Treasury bond, a weathervane, has remained above 2.80%. Institutional people believe that the release of reserve requirement reduction funds and the fermentation of loose expectations in the short term may lead to lower bond market interest rates. However, in the longer term, when the market interest rate is not high, with the policy further focusing on stable growth, especially the gradual force of wide credit, the decline of market interest rate will face constraints.
Shanghai Securities News
Major stock indexes rose together, and A-Shares welcomed the general rising market, with a net purchase of nearly 10 billion yuan in a single day
On Wednesday, the main A-share indexes rose collectively, with individual stocks rising more and falling less, and more than 3300 stocks closed in red. As of the closing, the Shanghai index was reported at 3637.57 points, up 1.18%, and the Kechuang 50 index was up 1.87%; The Shenzhen Component Index rose 1.82% and the gem index rose 1.66%. Northbound funds bought a substantial net amount of 9.685 billion yuan yesterday, which has been a net purchase for six consecutive trading days. Among them, the net purchase of Shanghai Stock connect was 3.789 billion yuan and that of Shenzhen Stock connect was 5.896 billion yuan. Among the top ten traded stocks, the top three net purchases were Kweichow Moutai Co.Ltd(600519) , Contemporary Amperex Technology Co.Limited(300750) , Jiangsu Yanghe Brewery Joint-Stock Co.Ltd(002304) , with net purchases of 1.624 billion yuan, 1.274 billion yuan and 1.025 billion yuan respectively.
Ministry of Commerce interprets the negotiation results of the joint statement on China’s regulation of WTO service trade
Recently, 67 WTO members jointly issued the Declaration on completing the negotiations on China’s regulation of trade in services, confirmed the successful completion of the joint statement on China’s regulation of trade in services, announced the conclusion of the reference document on China’s regulation of trade in services, and decided that the participants would complete their formal approval within one year.
Four departments issued new policies to promote green development such as data center
The implementation plan for implementing the requirements of carbon peaking and carbon neutralization goal and promoting the green and high-quality development of new infrastructure such as data center and 5g (hereinafter referred to as the implementation plan) recently issued by four departments including the national development and Reform Commission proposes that by 2025, the data center and 5g should basically form a green and intensive integrated operation pattern.
The RMB exchange rate broke the 6.35 mark and reached a new high in three and a half years
A comprehensive RRR reduction is close at hand, and the momentum of RMB strength is still difficult to stop. On December 8, the onshore and offshore RMB exchange rates against the US dollar both rose above the 6.35 mark, hitting 6.3451 and 6.3444 respectively, strongly standing at the high level since May 2018.
securities times
The RMB has reached a new high in more than three years, and the exchange rate inflection point may be taking shape
When the central bank announced a comprehensive RRR reduction, the RMB exchange rate against the US dollar quietly continued to strengthen. On the morning of December 8, onshore and offshore RMB rose hand in hand, both breaking the high point in May this year, reaching a new high since May 2018. Although the RMB exchange rate has not hindered the strength of the US dollar index recently and staged a wave of independent market of strong appreciation, the risk of RMB exchange rate correction and depreciation is also more and more vigilant, especially in the window period of China US monetary policy or differentiation next year. Analysts believe that the RMB exchange rate is easy to depreciate but difficult to rise, and the exchange rate inflection point is forming.
The securities industry’s “dividend leader” securities firm executives change frequently, looming strategic transformation
In recent years, the securities industry has entered a stage of rapid development, and the management team of securities companies has also ushered in many new faces. According to the statistics of public information by the reporter of the securities times, in the past year, there have been personnel changes in the directors, supervisors and senior managers of more than 50 securities companies (parent company caliber), including about 23 involving the change of the first or second leaders.
Macro regulation and structural reform work together to speed up the construction of a new development pattern
The impact of covid-19 epidemic has lasted for two years. 2022 is coming, and the disturbance of covid-19 epidemic to the global economy will gradually subside. In 2021, China will calmly cope with the changes in the century and the epidemic situation in the century, and achieve a good start in the 14th five year plan. In 2022, the internal and external pressure on China’s economic growth will increase. Efforts will be made to stabilize the macro-economic market and maintain the economic operation within a reasonable range, which puts forward greater challenges and higher demands for the cross cyclical adjustment of macro policies.
Default is common, and the risk identification and prevention of commercial paper need to be strengthened
Recently, Muyuan Foods Co.Ltd(002714) subsidiary’s overdue commercial acceptance bill has caused a lot of noise. On the evening of December 7, Muyuan Foods Co.Ltd(002714) announced that all relevant commercial tickets had been cashed. This is only a profile of the frequent risk of commercial paper default. In the real estate industry deeply affected by regulatory policies, commercial ticket default has long been common. There were China Fortune Land Development Co.Ltd(600340) commercial bills overdue before, and recently, sunshine 100 and other real estate enterprises have difficulties in cashing bills.
Securities Daily
Will the daily turnover of A-Shares “retreat” for trillion yuan in a row?
As of December 8, the turnover of A-share market has exceeded trillion yuan for 34 consecutive trading days. The start time of this time is from October 22. Previously, the transaction volume of A-share market also exceeded trillion yuan in a row, breaking the 43 day record set in 2015, which was called “dream back to 2015” by investors.
Both onshore and offshore RMB exchange rates broke 6.35 expert: export and exchange rate “self balance”
On December 8, both onshore and offshore RMB rose above 6.35 against the US dollar, a new high since late May 2018. Specifically, according to the data, as of 18:00 on the same day, the onshore RMB reached an intraday high of 6.3451, a new high since May 16, 2018 (the intraday high of 6.3437 on May 15, 2018); Offshore RMB reached an intraday high of 6.3444, a new high since May 18, 2018 (intraday high of 6.3437 on May 17).
Eight new shares escorted by “green shoes” are stable, and new shares wearing “shoes” are expected to increase
“Green shoes” reproduce the market. On the evening of December 7, Baiji Shenzhou announced the issuance results of new shares on the science and innovation board. The number of online investors gave up subscription was 1032500 shares, and the amount of abandonment was 199 million yuan. According to the regulations, the abandoned part will be underwritten by five joint lead underwriters such as China International Capital Corporation Limited(601995) .
461 companies raised 463.4 billion yuan in the first round, realizing the double rise of “volume and price”
Since this year, the capital market has made remarkable achievements in increasing the proportion of direct financing, and the number of IPOs and fund-raising scale have increased. According to the statistics of the reporter of Securities Daily, as of December 8, 461 companies (including 11 newly listed companies on the Beijing stock exchange) in the A-share market had been listed for the first time, an increase of 29% over the same period last year; The actual funds raised from the initial public offering reached 463.4 billion yuan, a year-on-year increase of 5.6%.
21st Century Business Herald
Outlook of monetary policy in 2022: steady but slightly loose, not only reducing reserve requirements or interest rates
The Political Bureau of the CPC Central Committee held a meeting on December 6 to analyze and study the economic work in 2022. Generally speaking, the quarterly Politburo meetings held in April, July, October and December each year (not necessarily in October) are the key meetings to determine the direction of economic policy. Within a few days after the Politburo meeting in December, the central economic work conference will be held to summarize the work in 2021 and put forward the overall requirements and main tasks of the work in 2022.
Convertible bonds have “unlimited scenery”: the highest price has exceeded 500 yuan or become one of the most profitable assets this year
If nothing happens, convertible bonds may become the most profitable variety this year. As of December 8, this year, the Shanghai Composite Index rose by 4.74%, the Shenzhen Composite Index rose by 3.41%, and the gem index with the best performance rose by 15.46%. However, compared with convertible bonds, it is still a little inferior – the CSI convertible bond index rose by 16% to lead the audience. Due to the obvious profit-making effect, the online winning rate of convertible bonds has fallen again and again this year, or even less than one ten thousandth.
China business daily
Recover 50.6 billion medical insurance fund in three and a half years! The two departments issued the most severe new deal of “cheating insurance into punishment”
In the past three and a half years, the National Medical Insurance Bureau has cracked down on fraud and insurance fraud, and recovered more than 50 billion yuan of medical insurance fund for the majority of insured persons. However, the supervision situation of medical insurance fund is still severe, and large insurance fraud cases that shocked the whole country occur from time to time.
“Crazy” corn: why is the output and import “double high”
As one of China’s three traditional staple grains, corn has continued to increase in output since it surpassed rice to become the largest grain crop variety in 2012, driving the continuous high yield of China’s total grain output.
people’s daily
The annual business volume of China Express exceeds 100 billion pieces for the first time
On December 8, the real-time monitoring data of the express big data platform of the State Post Office showed that this year, China’s express business volume has reached 100 billion pieces, which is the first time that China’s annual express business volume has exceeded 100 billion pieces, marking the development of the postal express industry to a new level. In recent years, the postal express industry has continued to focus on key points, make up for weaknesses and strengths. The industrial integration has become closer and closer, the market vitality has burst out in an all-round way, and the development of the industry has made considerable progress.
economic reference daily
5g news business is gradually approaching, and the leader of the industrial chain is concerned
Recently, 5g commercial news ushered in new progress. In terms of operators, 5g news pilot business is gradually launched, terminal promotion and application ecological construction are accelerating, and leading enterprises in the industrial chain are also laying out in advance. The agency believes that 5g messaging business will bring new opportunities to the industry, the user needs of C-end (personal end) and b-end (enterprise end) will open up greater market space, effectively boost the income of operators, and the platform service and application end are expected to benefit for a long time.
Four departments issued documents to promote the low-carbon and green development of 5g and other new infrastructure
On December 8, the reporter learned that the national development and Reform Commission, the central network information office, the Ministry of industry and information technology and the National Energy Administration recently jointly issued the implementation plan for implementing the goal of carbon peaking and carbon neutralization and promoting the green and high-quality development of new infrastructure such as data center and 5g (hereinafter referred to as the plan), proposing to improve computing energy efficiency and use green energy by 2025, The data center and 5g basically form a green and intensive integrated operation pattern.
