daily collection
China Banking and Insurance Regulatory Commission: on December 10, Guo Shuqing, Secretary of the Party committee and chairman of China Banking and Insurance Regulatory Commission, presided over the Party committee (expanded) meeting to convey and study the spirit of the central economic work conference, and study, deploy and implement measures in combination with the actual situation of banking and insurance supervision. The meeting called for adhering to the positioning that houses are used for living rather than speculation, continuously improving the long-term mechanism of stabilizing land price, house price and expectation, increasing financial support for long-term rental housing market and affordable housing construction, and promoting the virtuous circle and healthy development of the real estate industry. Cooperate with local governments to prevent and resolve hidden debt risks. Strictly prevent the resurgence of high-risk shadow banks. Properly handle the debt risk of large entity enterprises.
financial Associated Press: the Party committee of the people’s Bank of China held a meeting to convey and study the spirit of the central economic work conference. The meeting stressed that we should deepen the structural reform of the financial supply side next year. We will deepen the reform of rural credit cooperatives and the reform of the bond market. Strengthen the overall supervision of financial infrastructure. We will steadily and orderly promote the research and development of digital RMB. We will continue to deepen international financial cooperation and promote the orderly opening up of the financial industry. Adhere to the positioning that houses are used for living rather than speculation, steadily implement the prudent management system of real estate finance, accelerate the improvement of the housing rental financial policy system, and implement policies to promote the virtuous cycle and healthy development of the real estate industry.
central bank: on December 13, the Party committee of the people’s Bank of China held an expanded meeting to convey and study the spirit of the central economic work conference, study, deploy and implement the work. Guo Shuqing, Secretary of the Party committee of the people’s Bank of China, presided over the meeting, and Yi Gang, deputy secretary of the Party committee, President and other members of the Party committee attended the meeting. The meeting required that the prudent monetary policy should be flexible and appropriate, and maintain reasonable and abundant liquidity. We will do a good job in designing cross cyclical and counter cyclical policies to improve the foresight and pertinence of monetary policy. We will continue to release the potential of the reform of the quoted interest rate in the loan market and promote the steady decline of the comprehensive financing cost of enterprises. We will enhance the flexibility of the RMB exchange rate and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
Xinhuanetco.Ltd(603888) : on the 14th, the fourth meeting of the Chongqing Sichuan joint conference of Party and government was held in Yibin, Sichuan. The meeting proposed to jointly build the Chengdu Chongqing twin city economic circle. In 2022, it is proposed to promote 46 key tasks in 10 aspects, 160 major projects and a total investment of about 2 trillion yuan.
financial Associated Press: the national development and Reform Commission and the Ministry of industry and information technology issued a notice on the implementation plan for invigorating the operation of industrial economy and promoting high-quality industrial development. The notice proposes to accelerate the promotion and application of new energy vehicles and accelerate the construction of supporting facilities such as charging piles and power exchange stations. We will improve the household appliance recycling system and implement the household appliance producer recycling target responsibility system. Encourage qualified places to launch a new round of old for new action in fields such as household appliances. We will encourage new energy vehicles, smart appliances and green building materials to go to the countryside. Promote the landing and promotion of ultra-high definition video for major scenes such as the broadcasting of the Beijing Winter Olympic Games. Promote the digital transformation of traditional offline business supply chain and operation management, and develop new information consumption. Increase Wuxi Online Offline Communication Information Technology Co.Ltd(300959) integration, expand consumption of independent brands and new online consumption, promote the innovative development of time-honored brands, and run China brand day activities at a high level.
macroeconomic
economic reference Daily: looking forward to 2022, the central economic work conference requires to complete the three-year action task of state-owned enterprise reform and steadily promote the reform of natural monopoly industries such as power grid and railway. The Party committee of SASAC held an expanded meeting on December 11 to study and introduce policies and measures conducive to the stable growth of central enterprises, and decide to win the three-year action of state-owned enterprise reform, so as to ensure that the main task of the three-year action of state-owned enterprise reform is completed before the 20th National Congress of the Communist Party of China, so as to stimulate the vitality and endogenous driving force of enterprise development. Industry experts pointed out that in the future, the market access of natural monopoly industries is expected to be further liberalized, and the implementation of mixed reform will also be accelerated.
interface news: on December 14, the national development and Reform Commission and the Ministry of industry and information technology jointly issued the notice on the implementation plan for invigorating the operation of industrial economy and promoting high-quality industrial development, which put forward new requirements for the smooth circulation of industrial economy, expanding the market space of industrial economy and improving the safeguard measures of industrial economy. The notice proposes to solidly promote the safety and supply of energy, ensure the supply and price of bulk raw materials, and maintain the smooth supply chain of key industries. It is clear that all taxes payable by coal power and heating enterprises in the fourth quarter of this year will be suspended.
People.Cn Co.Ltd(603000) : according to the official website of the Ministry of industry and information technology, the Ministry of industry and information technology recently organized the pilot work of data security management in the industrial field, aiming to select a number of demonstration enterprises, excellent products and typical solutions, form a management model that can be replicated and popularized, and promote the improvement of the level of data security protection in the industry.
financial Associated Press: the Ministry of Finance held a party group meeting to convey and study the spirit of the central economic work conference. The meeting demanded that we should accurately grasp the requirements of stability and progress in stability, improve the efficiency of fiscal policy around the implementation of the decisions and arrangements of the Party Central Committee, strengthen budget preparation, audit and expenditure management, coordinate financial resources, ensure the intensity of fiscal expenditure, accelerate the progress of expenditure, implement the performance evaluation of fiscal funds in the whole process, and strengthen the coordination with monetary policy, Ensure that macro policies are sound and effective. We should resolutely curb the increase of local government implicit debt, steadily resolve the hidden risks of local government implicit debt, and ensure financial sustainability.
industry dynamics
interface news: according to the national post office, from January to November, the business income of the postal industry (excluding the direct business income of the postal savings bank) totaled 116.86 billion yuan, a year-on-year increase of 17.1%; The total business volume reached 1240.93 billion yuan, a year-on-year increase of 26.7%. In November, the business income of the whole industry reached 126.28 billion yuan, a year-on-year increase of 11.5%; The total business volume reached 138.14 billion yuan, a year-on-year increase of 16.7%.
China Securities Journal: the reporter learned that the regulatory authorities recently issued the measures for the management of income swap business of securities companies, which clearly stipulates that if the linked subject matter is stocks, narrow base stock indexes and their products, and credit bonds, the margin ratio charged by securities companies to a single counterparty shall not be less than 100% of the nominal principal of the contract; In four cases, the margin ratio shall not be less than 25% of the nominal principal of long or short positions, whichever is higher, while covering the risk exposure of transactions or derivatives.
Securities Times: Guizhou province market supervision authority requires strengthening the supervision of Baijiu production license, strengthening routine supervision and inspection, and maintaining the Baijiu market order. We should strengthen supervision and inspection from eight aspects, including strengthening daily supervision and inspection, urging enterprises to continue to comply with the Baijiu production license conditions, increasing the intensity of sampling and monitoring, cracking down on illegal activities, strengthening environmental protection supervision, strengthening land use management, strengthening tax supervision, strengthening investigation and punishment of illegal crimes and linking up punishment.
financial Associated Press: according to the data of the national PPP project information monitoring service platform, 382 PPP projects were added from January to November this year. By region, there are many new projects in Jiangxi Province, Shanxi Province and Guizhou Province. By industry, the number of new urban infrastructure projects is the largest, 144; There are many new projects in agriculture, forestry, water conservancy, transportation, social undertakings, environmental protection and other industries.
stock market focus
Securities Times: Hemai shares (688032) announced on the evening of December 14 that the amount of online investors’ abandonment was 363 million yuan. The number of offline investors giving up subscription is 0.
surging news: on December 14, Gao Shanwen, chief economist of Anxin securities, said at the strategy meeting of Anxin securities that compared with the past decade, the potential of A-share listed companies to provide returns to investors in the next decade should be significantly higher.
CCTV news client: on December 14, the Beijing Stock Exchange released the market operation in the first month of opening. In the first month of the opening of the Beijing stock exchange, the market operation was generally stable, and the positive effect of the reform was significant. The market turnover increased significantly compared with that before the reform, the collective rise of listed new shares, the enthusiasm for market participation increased, professional institutions actively entered the market, and investors’ willingness to enter the market increased. The innovation layer and the foundation layer were driven, and the trading activity was effectively improved.
first finance and Economics: Haitong Securities Company Limited(600837) pointed out that from the historical position data, the heavy position industries of northward funds are concentrated in the fields of consumption, finance, new energy and so on. Therefore, consumption can focus on Baijiu, dairy products and condiments in food and beverage categories. These are the main targets of the recent increase in north capital, including Baijiu, which is expected to be released gradually from the expectation of price rise. Finance can pay attention to the performance of securities companies. The “bull market flag bearer” has been performing for many days. Relying on the cross year market at the end of the year and the beginning of the year, or urging securities companies to continue to rise; In the near future, new energy has been greatly reduced by northward funds, and the short-term adjustment does not change the long-term prosperity expectation. Therefore, the long-term can bargain hunting and layout lithium battery, photovoltaic and other sectors with reasonable valuation.
Subscription of new shares: Changjiang materials, Inner Mongolia Xinhua, Shanshui technology, Juguang Technology
new debt subscription: none
IPO: DEA shares, Huayan precision machinery, Baiji Shenzhou and Mengtian home
new bond listing: none
company news
China Tourism Group Duty Free Corporation Limited(601888) : intends to acquire 100% equity of Hong Kong China Travel assets company
Sai Microelectronics Inc(300456) : intends to acquire ELMOs automotive chip manufacturing line
Sichuan Yahua Industrial Group Co.Ltd(002497) : intends to subscribe for the equity of EV company in Australia to develop lithium resources
Beijing Airport High-Tech Park Co.Ltd(600463) : the actual controller of the proposed acquisition of Ruineng semi equity company will change
Hunan Tyen Machinery Co.Ltd(600698) : the company’s revenue structure will not change greatly in the short term
Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) : the sales price of titanium dioxide will be increased from next year
Guangdong Huiyun Titanium Industry Co.Ltd(300891) : the sales price of titanium dioxide will be raised from next year
Jiangsu Hengshun Vinegar-Industry Co.Ltd(600305) : plans to sell 100% equity of Hengshun mall to the controlling shareholder
Dongxing Securities Corporation Limited(601198) : terminate the transfer of part of the equity of new era securities
Shenyang Jinshan Energy Co.Ltd(600396) : company’s installed thermal power accounts for 91.57%
Sanyou Corporation Limited(300932) : subsidiary temporarily stopped production affected by the epidemic
Tianjin Realty Development (Group) Co.Ltd(600322) : intends to transfer the equity and debt restructuring of the subsidiary to the controlling shareholder
State Grid Yingda Co.Ltd(600517) : pre won the bid for the State Grid Project of 1.465 billion yuan
Shanghai Shimao Co.Ltd(600823) : normal
data list of various production and operation activities of the company
Shanghai and Shenzhen Stock Markets: the three major indexes opened low today, basically maintained a narrow shock trend throughout the day, and the concepts of digital currency and Yuan universe continued to strengthen. As of the close, the Shanghai index fell 0.53%, the Shenzhen composite index fell 0.5% and the gem index fell 0.05%. On the disk, advertising and packaging, aviation, media and entertainment led the increase, while nonferrous metals, coal, building materials and other sectors led the decline. The turnover of Shanghai and Shenzhen stock markets exceeded 1 trillion yuan for the 38th consecutive trading day.
Hong Kong stocks: Hong Kong Hang Seng Index fell 1.33%, and Hang Seng technology index fell 2.28%. Real estate stocks and property stocks fell sharply, Shimao service fell more than 32%, Shimao Group fell more than 19%, and rongchuang China fell more than 12%. Weibo fell by more than 9%, and the state network information office interviewed and punished Sina Weibo according to law.
Shanghai Shenzhen Hong Kong stock connect: on December 14, northbound funds bought a total of 6.026 billion yuan, including 3.976 billion yuan for Shanghai Stock connect and 2.05 billion yuan for Shenzhen Stock connect. Among the top ten traded stocks, the top three in net purchases were East Money Information Co.Ltd(300059) , Wuliangye Yibin Co.Ltd(000858) , China Merchants Bank Co.Ltd(600036) , with net purchases of 842 million yuan, 518 million yuan and 455 million yuan respectively. The top three net sales are Ping An Bank Co.Ltd(000001) , Byd Company Limited(002594) , Goertek Inc(002241) , with net sales of 852 million yuan, 272 million yuan and 212 million yuan respectively.
dragon tiger list: on December 14, among the stocks on the list, the largest net capital inflow was Shenzhen Jinjia Group Co.Ltd(002191) , which was 140 million yuan. The data show that the stock closed within the daily limit, with a turnover rate of 5.51% and a turnover of 1.191 billion yuan. The net inflow of funds into Huaxin Shanghai Branch ranked first, with a net purchase of 64.1014 million yuan. A total of 28 stocks were involved in the institutional participation in the dragon and tiger list, of which 15 were net bought by the institution and Anhui Jianghuai Automobile Group Corp.Ltd(600418) was sold the most, amounting to 139 million yuan. In addition, 13 shares were sold by institutions, and Sinomine Resource Group Co.Ltd(002738) was sold the most, amounting to 105 million yuan.
margin trading : as of December 13, the balance of two financial transactions in Shanghai and Shenzhen was 1847.464 billion yuan, an increase of 5.119 billion yuan over the previous trading day. Among them, the financing balance was 1728.977 billion yuan, an increase of 4.997 billion yuan over the previous trading day; The balance of securities lending was 118.487 billion yuan, an increase of 122 million yuan over the previous trading day.
Shibor : Shibor reported 2.1680% overnight, up 6.0 basis points; Shibor reported 2.2100% in 7 days, up 1.3 basis points; Three month Shibor reported 2.4930%, unchanged from the previous day.
foreign exchange
On December 14, the central parity of RMB was reported at 6.3675, down 6 points, and the central parity of the previous trading day was reported at 6.3669. The onshore RMB closed at 6.3634 against the US dollar, down 3 points from the previous trading day.
property market observation
China CCTV Finance: 14 months on 12, according to “Wuhu issued” official account message, Wuhu Anhui multi department issued “Wuhu youth elite housing subsidy implementation details”, qualified young talents to give the highest 10% of the purchase subsidy. Among them, young talents can enjoy different subsidies for purchasing and renting houses at the same time. Yan Yuejin, research director of E-House Research Institute, believes that this policy continues to reflect the stimulation of Wuhu in talent introduction and house purchase subsidies, and plays a positive role in destocking local real estate projects and activating house purchase consumption.
surging news: Wuyi County will officially implement the opinions on the implementation of house purchase vouchers for new residents of private industrial enterprises in Wuyi County from January 1 next year. The policy is applicable to the foreign employees of Shuangbai private manufacturing industrial enterprises who paid taxes in Wuyi County in the previous year. They can enjoy certain standard house purchase subsidies when they buy the first commercial house in the county from January 1 to December 31, 2022. The amount of house purchase subsidy is 30000 yuan. The amount of subsidy for the next year will fluctuate according to the market situation, and the specific standard will be specified in the implementation rules published at the beginning of each year.
international information
According to the data released by the Indian Ministry of Commerce and industry on the 14th, India’s wholesale price inflation index in November was 14.23%, the highest level since April 2005. India’s wholesale price inflation index in October was 12.54%, which has hovered in double digits for eight consecutive months.
interface news: according to the industry on the 14th, the Korean government may raise electricity prices from next year. Due to rising fuel costs and other reasons, it has been reported that the price of domestic natural gas in South Korea may increase by about 10% from January next year, and the electricity price is also facing the same cost pressure. According to the report, from the perspective of price control, some people from the South Korean government advocate that the natural gas price and electricity price of next year should be frozen, but the sharply rising fuel cost leads to huge losses for relevant state-owned enterprises, which may lead to serious bankruptcy crisis.
China Central Television finance and Economics: as the United States has experienced a record 18 natural disasters with losses of more than US $1 billion this year, the rising insurance losses have also brought great pressure to insurers. The high inflation environment under the epidemic has further exacerbated this pressure, and the so-called “insurance crisis” has also appeared in many regions. Now, many managers of American insurance companies are worried that the frequency and severity of natural disasters may be higher and higher. In order to avoid the risk of loss, some insurance companies withdrew from the market in some high-risk areas, cancelled the contracts of some customers, and some increased the insurance premium.
futures market
China Futures: China commodity futures closed mixed, with coking coal up more than 3%, soda ash and plastics up more than 2%, PP and peanuts up more than 1%, and rubber and NR rose slightly; Bean II and palm fell by more than 2%, Shanghai nickel and soybean oil fell by more than 1%, and white sugar and eggs fell slightly.
International Futures: the gold futures price of February 2022, the most active trading in the gold futures market of the New York Mercantile Exchange, fell by US $16 on February 14, closing at US $1772.3 per ounce, or 0.89%. Oil prices in New York fell on the 14th. The price of New York light crude oil futures for delivery in January 2022 fell by US $0.56 to close at US $70.73 a barrel.
overseas index
U.S. stock market: the three major stock indexes of New York stock market fell on the 14th, of which the Dow fell 0.30%, the S & P fell 0.75% and the NASDAQ fell 1.14%.
European stock market: London stock market financial times 100 stock average price index 14 closed at 7218.64, down 12.80 points or 0.18% from the previous trading day. France Paris Stock Market CAC40 index closed at 6895.31, down 47.60 points or 0.69% from the previous trading day; Germany’s Frankfurt DAX index closed at 15453.56, down 168.16 points or 1.08% from the previous trading day.
Asia Pacific stocks: the Nikkei 225 index fell 0.73% to 28432.64. South Korea’s Kospi index closed down 13.71 points, or 0.46%, at 2987.95.
