daily collection
financial Associated Press: market participants pointed out that monetary policy will be relaxed in stability next year, and continuous RRR and interest rate cuts are not excluded. In addition to aggregate monetary policy tools, the central bank may continue to guide structural “credit easing” next year, and the use of structural monetary policy tools will become the norm. The focus of fiscal policy has shifted to the efficiency of fund use. There is little room to increase the total amount of fiscal expenditure. The deficit ratio and the target of local government special debt may be reduced compared with 2021.
China Central Television Network: Li Keqiang stressed that China will maintain the stability of macro policies, enhance pertinence, insist on not engaging in “flood irrigation”, effectively implement active fiscal policy and prudent monetary policy, deepen the reform of “decentralization, management and service”, create a market-oriented, legalized and international business environment, and attract more foreign investment into China. The heads of the participating international economic institutions spoke positively of the steady development of China’s economy to overcome the impact of the epidemic and have a positive spillover effect on the world economic recovery, and expressed their willingness to strengthen macro policy coordination with China, deepen cooperation in various fields and jointly promote strong, inclusive and sustainable growth of the world economy.
website of the General Administration of Customs: according to customs statistics, in the first 11 months of this year, China’s total import and export value was 35.39 trillion yuan, an increase of 22% year-on-year and 24% over the same period in 2019. Among them, the export was 19.58 trillion yuan, a year-on-year increase of 21.8%, an increase of 25.8% over the same period in 2019; The import was 15.81 trillion yuan, a year-on-year increase of 22.2%, an increase of 21.8% over the same period in 2019; The trade surplus was 3.77 trillion yuan, a year-on-year increase of 20.1%.
Economic Daily: relevant regulatory authorities should continue to adhere to the positioning of “housing, housing and non speculation”, strengthen supervision, and strictly control the illegal entry into the real estate market of loans used to support the real economy. For real estate development enterprises, we should clearly realize that the model of high leverage and high debt in the whole industry has been unsustainable. Once the tight capital chain is improved, it should be used to improve product power and maintain healthy and benign operation. We should take reducing leverage, reducing debt and avoiding stepping on the “three red lines” as a long-term persistence, and should no longer try to expand blindly.
interface news: China’s foreign exchange reserves at the end of November reported US $3.2224 trillion, with an estimated US $3.2063 trillion. At the end of November, China’s gold reserves reported 62.64 million ounces (about 1948.32 tons), unchanged from last month.
macroeconomic
China Central Television: learned from the heads of relevant departments of the China Banking and Insurance Regulatory Commission that in the early stage, the China Banking and Insurance Regulatory Commission has dispatched a supervision working group to carry out on-site investigation and supervision for the first time in the case of pledge of acceptance bills by third-party certificates of deposit of individual commercial banks, and asked the head office of the banks involved to enter relevant branches simultaneously to carry out comprehensive risk investigation on relevant bill businesses.
financial Associated Press: the website of the Ministry of finance today issued the notice on regulating matters related to asset transfer of state-owned financial institutions, which stipulates the transfer of non equity assets such as real estate, machinery and equipment, intellectual property rights and relevant financial assets by state-owned financial institutions. In terms of implementing the main responsibilities of state-owned financial institutions, the circular proposes that state-owned financial institutions should effectively strengthen the supervision and management of asset transfer of branches and subsidiaries at all levels, eliminate black box operations, ensure the orderly circulation of assets and prevent the loss of state-owned assets.
Securities Times website: the reporter learned from several sources that the refinancing rates for supporting agriculture and supporting small businesses will be reduced by 0.25 percentage points from December 7, 2021. After the reduction, the refinancing rates for three months, six months and one year will be 1.7%, 1.9% and 2% respectively. This is more than a year later, the people’s Bank of China once again lowered the interest rate of refinancing for agriculture and small loans.
interface news: the Ministry of industry and information technology and the National Health Commission recently jointly sent a letter to solicit a number of Siasun Robot&Automation Co.Ltd(300024) typical scenes with high technical level, mature application mode and remarkable application results for the medical field. Scenarios include but are not limited to surgery, disinfection and cleaning, auxiliary displacement, nursing assistance, patrol ward rounds, remote consultation, auxiliary diagnosis and treatment, hospital management, drug dispensing / delivery, rehabilitation training, interventional diagnosis and treatment, etc.
industry dynamics
China Central Television News: on July 7, the Beijing antitrust compliance guidelines in the field of platform economy (2021 version) was officially released by a research group composed of Beijing market regulation development research center and the competition law research center of China University of political science and law. Combined with the characteristics of Internet business, the guidelines explain the basic contents, behavior performance and risk tips of suspected monopoly regulated by the anti-monopoly law, and list corresponding cases to guide platform enterprises to carry out anti-monopoly compliance management. According to the characteristics and trends of competitive behavior in the field of platform economy, it positively responded to the business formats and competitive behavior in the Internet field such as “one out of two” and “big data killing”, and analyzed the vertical non price monopoly agreements that potentially exclude and restrict competition, in order to improve the operators’ awareness of monopoly risk prevention.
Securities Times: learned from CCCC first airlines that on December 6, the last wind turbine of H1 / H2 bid section of Jiangsu Qidong offshore wind power project contracted by first aviation bureau was successfully completed, marking the completion of the main works of China’s largest single offshore wind farm project. The project is located about 37 kilometers offshore from the center of the site at the estuary of the Yangtze River in the offshore sea area of Qidong City. The construction content includes the foundation construction and fan installation of 134 megawatt fans, with a total installed capacity of 802 megawatts. It is the first offshore wind power project in Qidong City, Jiangsu Province. After the grid connected power generation of the project, the annual on grid power is expected to be 2.2 billion kwh.
Securities Times Network: Inner Mongolia autonomous region actively strives for the support of higher authorities to ensure the increase of coal supply. With the support of relevant ministries and commissions such as the national development and Reform Commission and the State Bureau of mine safety supervision, the production capacity was rapidly increased, and 115 coal mines were approved in five batches. Formulate and issue security policies to meet the demand for coal for heating in rural and pastoral areas. It is decided to provide each farmer and herdsman with no less than 2 tons of affordable coal at the price level not exceeding that of the same period last year, so that the farmers and herdsmen in the region can have coal for heating in winter, can afford it and spend the winter warm.
CISA: in late November 2021, key statistics showed that iron and steel enterprises produced 17.169 million tons of crude steel, 16.3209 million tons of pig iron and 19.1094 million tons of steel. Among them, the daily output of crude steel was 1716900 tons, down 2.61% month on month; The daily output of pig iron was 1632100 tons, an increase of 1.59% month on month; The daily output of steel was 1910900 tons, an increase of 9.47% month on month.
stock market focus
Securities Times Network: Soochow Securities Co.Ltd(601555) pointed out that steel stocks continue to be optimistic in the medium term. Against the background of historically high profits and historically low valuations, the carbon neutralization probability has brought the industry supply ceiling. In addition, the raw material side has contributed cost dividends again, and steel stocks will usher in a wave of plate opportunities for double rise in performance and valuation. Optimistic about undervalued plates, some high-quality long products and special steel.
financial Associated Press: Anxin strategy believes that the end of the transition period of real estate regulation and new asset management regulations will have a far-reaching impact on Residents’ asset allocation; The flow dividend of Internet “base purchase” is gradually ebbing, and residents’ base purchase behavior will be more quantitative, rational and habitual in the future; With the continuous inflow of medium and long-term funds such as public offering, insurance, financial management and foreign capital, the process of A-share institutionalization will also advance steadily. In general, there is no shortage of incremental funds in the market in 2022. What is lacking is high-quality assets with medium and long-term growth logic and able to resist the reversal of difficulties. The structural bull market under the shortage of A-share assets is expected to continue.
financial Associated Press: Baiji China issued an announcement on the issuance results, and the number of online investors gave up subscription was 1032500 shares; The subscription amount abandoned by online investors is about 199 million yuan.
first finance and Economics: Muyuan Foods Co.Ltd(002714) it was announced that as of December 6, 2021, 9 subsidiaries of the company still had overdue commercial acceptance bills totaling 7.5598 million yuan. Through active communication between the company, the holder and the bank, up to now, all the above-mentioned commercial acceptance bills of RMB 7.5598 million have been cashed.
Subscription of new shares: Yong’an futures and Fengguang shares
subscription of new bonds: special paper convertible bonds and Perle convertible bonds
IPO: Zeyu intelligence
new bond listing: none
company news
Zheshang Securities Co.Ltd(601878) : Zheshang asset management was suspended from filing private asset management products for 6 months
Zhengzhou Tiamaes Technology Co.Ltd(300807) : at present, EDR related products are not developed for passenger cars
Jiangsu Jujie Microfiber Technology Group Co.Ltd(300819) : subsidiary received the decision on ordering correction of illegal acts from the ecological environment department
Wangneng Environment Co.Ltd(002034) : subsidiary plans to increase capital to acquire 80% equity of Zhejiang Xinli
Saic Motor Corporation Limited(600104) : enjoy the demonstration application of robotaxi project
St Fangke: the company and its wholly-owned subsidiaries have received the execution ruling
* ST Chengxing: the CSRC filed a case against the company and its controlling shareholders on suspicion of violation of the letter phi
Guangzhou Automobile Group Co.Ltd(601238) : in November, the sales of new energy vehicles increased by 95.5% year-on-year
Western Securities Co.Ltd(002673) : the accumulated new loans this year accounted for 51.61% of the net assets at the end of last year
Shandong Minhe Animal Husbandry Co.Ltd(002234) : in November, the sales revenue of commercial substitute chicken seedlings increased by 30.44% month on month
Beijing Jingyuntong Technology Co.Ltd(601908) : signed a 3.6 billion yuan monocrystalline silicon wafer sales framework contract
Baosheng Science And Technology Innovation Co.Ltd(600973) : won the bid of 587 million yuan power cable project
Tangshan Jidong Cement Co.Ltd(000401) : government subsidy of 330 million yuan recorded in current profit and loss from July to November
data list
Shanghai and Shenzhen Stock Markets: on December 7, the two markets opened high and went low. The gem index once fell nearly 2%, pulled up near the closing, and the decline of the stock index narrowed. As of the close, the Shanghai index rose 0.16%, the Shenzhen composite index fell 0.38% and the gem index fell 1.09%. Plate, the electricity sector rose in the afternoon, Gepic Energy Development Co.Ltd(000791) and other trading, real estate, tourism, coal, Baijiu and other places also rose, lithium batteries, semiconductors, automobiles, chemical, nonferrous metals, military and other plummeting. In terms of individual stocks, Contemporary Amperex Technology Co.Limited(300750) fell more than 4%, with a turnover of more than 10 billion yuan. More than 60 stocks in the two cities rose by 10% or more.
Hong Kong stocks: Hong Kong stocks rebounded sharply. The Hang Seng Index closed up 2.72%, the Hang Seng technology index rose 4.21%, and China concept stocks, real estate stocks, aviation stocks and SaaS concept stocks in Hong Kong performed strongly. Rongchuang China rose more than 16%, Mingyuan cloud rose more than 15%, Alibaba rose more than 12%, the largest rise in a single day, and China Southern Airlines and Air China rose more than 5%.
Shanghai Shenzhen Hong Kong stock connect: on December 7, the total net inflow of northbound funds was 7.949 billion yuan. Among them, the net inflow of Shanghai Stock connect was 6.317 billion yuan and that of Shenzhen Stock connect was 1.632 billion yuan. Among the top ten traded stocks, the top three in net purchases were Ping An Insurance (Group) Company Of China Ltd(601318) , China Merchants Bank Co.Ltd(600036) , Citic Securities Company Limited(600030) , with net purchases of 534 million yuan, 532 million yuan and 518 million yuan respectively. The top three net sales are Contemporary Amperex Technology Co.Limited(300750) , Byd Company Limited(002594) , Luxshare Precision Industry Co.Ltd(002475) , with net sales of 662 million yuan, 299 million yuan and 198 million yuan respectively.
dragon tiger list: on December 7, among the stocks on the list, the largest net capital inflow was Suofeiya Home Collection Co.Ltd(002572) , which was 136 million yuan. Data show that the stock closed within the daily limit, with a turnover rate of 10.39% throughout the day. The net inflow of funds into the top Shenzhen Stock connect seats was 96.4212 million yuan. A total of 33 stocks were involved in the institutional participation in the dragon and tiger list, of which 12 were net bought by the institution, Hangzhou Robam Appliances Co.Ltd(002508) was the most bought, with a total of 50.254 million yuan. In addition, 21 shares were net sold by institutions, Ningbo Tuopu Group Co.Ltd(601689) was the most sold, with a net sales of 475 million yuan in three days.
margin trading : as of December 6, the balance of two financial transactions in Shanghai and Shenzhen was 1841.7 billion yuan, a decrease of 2.472 billion yuan compared with the previous trading day. Among them, the financing balance was 1722.564 billion yuan, a decrease of 556 million yuan compared with the previous trading day; The balance of securities lending was 119.136 billion yuan, a decrease of 1.916 billion yuan compared with the previous trading day.
Shibor : Shibor reported 2.1300% overnight, up 31.3 basis points; Shibor reported 2.1590% in 7 days, up 3.0 basis points; Three month Shibor reported 2.4880%, down 0.4 basis points.
foreign exchange
On December 7, the central parity rate of RMB was reported at 6.3738, down 36 points, and the central parity rate of the previous trading day was reported at 6.3702. The onshore RMB closed at 6.3678 against the US dollar at 16:30 on December 7, up 37 points from the previous trading day.
property market observation
Securities Times Network: according to the news on the website of Taiyuan housing provident fund management center on December 6, in the future, Taiyuan developers will provide provident fund loan guarantee for house buyers and no longer charge guarantee deposit. Previously, the development enterprise guaranteed the house owner and needed to pay 5% of the total loan amount as a deposit. In the new regulations, if a real estate development enterprise provides guarantee for its house purchase owner, it only needs to apply to the provident fund management center, actively negotiate with the provident fund center, determine the amount of “compensatory provident fund overdue loan” other than the key regulatory funds, and sign the phased guarantee cooperation agreement. Among them, the fund of “compensatory provident fund overdue loan” is paid from the provident fund management center to the housing provident fund loan fund in the pre-sale fund supervision account of real estate development enterprises.
financial Associated Press: the trading volume of second-hand houses in first tier cities in November showed signs of recovery month on month, but the year-on-year decline is still large. According to the statistics of Zhongyuan Real Estate Research Center, in November, there were 11851 second-hand residential online signs in Beijing, an increase of 26.9% month on month and a year-on-year decrease of 31.4%; About 15000 second-hand houses were sold in Shanghai, an increase of 12.5% month on month and a year-on-year decrease of 53.3%. In addition, according to the statistics of Guangzhou real estate intermediary Association, there were 6044 second-hand houses online signed in Guangzhou in November, with a month on month increase of 15.06% and a year-on-year decrease of 58.02%.
international information
Xinhuanetco.Ltd(603888) : according to the data released by the German Federal Bureau of statistics on the 7th, after adjusting prices, seasons and working days, Germany’s industrial output increased by 2.8% month on month in October this year, the first increase after falling month on month for two consecutive months. The data show that the output of German energy industry and construction industry increased by 0.9% and 1.2% month on month respectively; Excluding energy and construction, industrial output increased by 3.2% month on month.
financial Associated Press: fxcoin, Japan’s encrypted asset (virtual currency) exchange platform, will establish an industry group of yuanuniverse this week. Relevant groups will cooperate with the financial department and other administrative organs to start market construction and strive to make Japan a developed country in the meta universe. The name of the industry group to be established is “general association legal person Japan yuan universe Association”.
futures market
China Futures: the closing trend of China’s commodity futures was divided, with black and energy and chemical sectors leading the increase. The main contracts of iron ore rose by 6%, liquefied petroleum gas rose by more than 5%, coking coal rose by more than 4%, urea, coke and fuel oil rose by more than 3%, crude oil, PTA and asphalt rose by more than 2%, and cotton, snail pattern and Zheng oil rose by more than 1%.
International Futures: oil prices in New York rose on the 7th. The price of New York light crude oil futures for delivery in January 2022 rose by US $2.56 to close at US $72.05 per barrel. The gold futures price of February 2022, the most active trading in the gold futures market of the New York Mercantile Exchange, rose by US $5.2 on the 7th compared with the previous trading day to close at US $1784.7 per ounce, or 0.29%.
overseas index
U.S. stock market: the three major stock indexes of New York stock market rose on the 7th, of which the Dow index rose 1.40%, the S & P index rose 2.07% and the NASDAQ index rose 3.03%.
European stock market: London stock market, the financial times 100 stock average price index 7 closed at 7339.90, up 107.62 points or 1.49% from the previous trading day. France Paris Stock Market CAC40 index closed at 7065.39, up 199.61 points or 2.91% over the previous trading day; Germany’s Frankfurt DAX index closed at 15813.94, up 433.15 points or 2.82% from the previous trading day.
Asia Pacific Stock Market: the Nikkei 225 index closed up 677.13 points, or 2.42%, at 28604.50 on Tuesday, December 7. South Korea’s Kospi index closed up 18.47 points, or 0.62%, at 2991.72.
