daily collection
central bank: in order to support the development of the real economy and promote the steady decline of comprehensive financing costs, the people’s Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.5 percentage points on December 15, 2021 (excluding financial institutions that have implemented the 5% deposit reserve ratio). After this reduction, the weighted average deposit reserve ratio of financial institutions is 8.4%. The RRR reduction released a total of about 1.2 trillion yuan of long-term funds.
financial Associated Press: the Political Bureau of the CPC Central Committee held a meeting on December 6 to analyze and study the economic work in 2022. The meeting stressed that next year’s economic work should be stable and seek progress while maintaining stability. Macroeconomic policies should be sound and effective, and we should continue to implement an active fiscal policy and a prudent monetary policy. Active fiscal policies should improve efficiency and pay more attention to accuracy and sustainability. Prudent monetary policy should be flexible and appropriate, and maintain reasonable and abundant liquidity. We will implement the strategy of expanding domestic demand, promote the sustained recovery of consumption, actively expand effective investment and enhance the endogenous driving force of development. Micro policies should stimulate the vitality of market subjects.
China News Network: the economic Blue Book: analysis and forecast of China’s economic situation in 2022 released on December 6 points out that the global economy will continue the recovery trend in the coming period, but the recovery is facing uncertainty. It is estimated that China’s economy will grow by 8.0% in 2021, with an average growth of 5.1% in the two years from 2020 to 2021. Considering that the global epidemic continues, China’s economy is expected to grow by about 5.3% in 2022, with an average growth rate of 5.2% in the three years from 2020 to 2022, slightly higher than the average growth rate in the two years from 2020 to 2021.
daily economic news: media reports say that China has approved the establishment of the world’s largest rare earth company. Relevant people of Ganzhou rare earth group said that the news of the establishment of China rare earth group is true, and Ganzhou rare earth group is one of the establishment units.
macroeconomic
China Securities News: Weng Jieming, deputy director of the office of the leading group for state owned enterprise reform of the State Council, member of the Party committee and deputy director of SASAC, said at the meeting that it is necessary to strengthen the supervision of important links and key areas and build a dam to prevent the loss of state-owned assets. We should highlight the supervision of important links. Strengthen the supervision of key departments and key posts such as power concentration, capital intensive, resource enrichment and asset accumulation, highlight the supervision of key links such as “three important and one large” decision-making, project bidding, restructuring and reorganization, property right transaction, and seriously investigate and deal with violations of laws and disciplines such as embezzlement and waste of state-owned assets and transfer of interests. We should strengthen supervision in key areas. We will strengthen the supervision and rectification of problems such as false financial and accounting information, relying on enterprises to eat enterprises, setting up rent-seeking, illegal affiliation, shadow shareholders and shadow companies. To prevent major risks, local SASAC should take the lead in establishing an emergency intervention mechanism for special matters such as malicious acquisition and major debt default.
financial Associated Press: Luo Tiejun, vice president of China Iron and Steel Industry Association, recently attended and delivered a speech at the 2022 national coal Fair held in Rizhao, Shandong Province. Luo Tiejun put forward three suggestions at the meeting: first, the iron and steel and coal industries should maintain the stable operation of the industrial chain and supply chain. Second, we should improve the medium and long-term contract mechanism of coking coal and ensure the fulfillment rate. Third, we should rationally look at the changes in the supply and demand fundamentals of steel and coal. Curb excessive interpretation and speculation, and strive to build a legal, compliant, healthy and orderly market order.
National Bureau of Statistics: according to the national grain production data released by the National Bureau of statistics, the total national grain output in 2021 was 1365.7 billion kg, an increase of 26.7 billion kg over the previous year, an increase of 2.0%. The annual grain output reached a new high and remained above 1.3 trillion kg for seven consecutive years. Among them, the output of autumn grain was 1017.8 billion kg, an increase of 19.1 billion kg or 1.9% over the previous year.
financial Associated Press: the Ministry of industry and information technology recently issued the Interim Provisions on the management of automotive radar radio. According to the regulations, in order to promote the application of automotive intelligent technology and industrial development, 76-79ghz frequency band is planned to be used for automotive radar. The regulations require that the main use scenarios of 76-79ghz band include adaptive cruise control (ACC), collision avoidance (CA), blind spot detection (BSD), lane change assistance (LCA), parking assistance, rear vehicle warning (RTCA), pedestrian detection, etc. The installation and use of automotive radar in this frequency band do not need to obtain a radio frequency use license or a radio station license, but shall comply with the requirements of the state administrative departments such as road traffic safety, environmental protection and market supervision and administration.
industry dynamics
Shanghai Securities News: the reporter noted that recently, Fubon property insurance, Xintai life insurance and other insurance companies announced that they would suspend Internet insurance business from January 1, 2022. It is understood that according to the recently released new regulations on Internet life insurance business of insurance institutions, the above companies made the decision to suspend Internet business.
first finance and Economics: on December 6, Suning.Com Co.Ltd(002024) released the data of power consumption and the list of popular funds on the twelfth lunar new year. Since the launch of the 12th anniversary of the lunar new year, Suning.Com Co.Ltd(002024) online sales of new energy-efficient air conditioners have increased by 89%, health sterilization refrigerators by 132%, and large capacity refrigerators by 58%. There are three major trends in household electricity consumption: green and low-carbon consumption has become the mainstream, health sterilization function has become a “new demand”, and consumption at the end of the year prefers “large capacity”.
Securities Times website: recently, tianyiai music culture technology, a wholly-owned holding subsidiary of China Telecom Corporation Limited(601728) , released the announcement on the comparison and selection of yuanuniverse virtual human customization and content production projects in 2021. The project funds have been implemented. Potential candidates who are interested and have the ability to provide the subject matter are invited to participate in the election.
interface news: Zhengzhou development and Reform Commission announced the industrial development plan of Zhengzhou data center (2021-2025) (Draft for comments) on December 6. The draft proposes that by 2025, Zhengzhou will be built into a data center industrial base with national influence and a core city of the national hub node of the national integrated computing network. The direct investment and driven investment scale of Internet data center exceeds 180 billion yuan, and the average annual income of Internet data center business and related industries exceeds 85 billion yuan.
stock market focus
financial Associated Press: China International Capital Corporation Limited(601995) the latest research report believes that from now to 2022, with the improvement of the gross profit margin of the middle and lower reaches and the improvement of the comparative advantage of fundamentals, the overall configuration will also be switched from the upstream to the middle and lower reaches; The market style in the medium term may still be gradually biased towards growth. In terms of industry, we will focus on the medium-term opportunities in the middle and lower reaches of manufacturing and consumption fields where profits are expected to reverse, as well as the phased opportunities in the field of steady growth and acceleration.
China Securities Journal: the RRR reduction releases a large amount of liquidity at one time, which has an “inclusive” effect on stocks, bonds and other major assets. From the perspective of sectors, RRR reduction usually benefits high debt ratio or capital sensitive sectors, such as banks, securities companies, real estate, comprehensive, non-ferrous metals, construction, building materials, etc.
financial Associated Press: although the market has expected this news after the prime minister mentioned the RRR reduction, the choice of RRR reduction on Monday still highlights the policy efficiency. Historically, the announcement of RRR reduction will have varying degrees of impact on the A-share market. On July 9 this year, the central bank announced a comprehensive reduction of reserve requirement by 0.5 percentage points. On July 12, the rising index rose by 0.67%.
Shanghai Securities News: 2021 is coming to an end. Looking back on the market of the whole year, it has always been regarded as a pharmaceutical track with “long slope and thick snow”. This year, the performance of fluctuation and differentiation has made investors “intertwined love and hate”. However, after the adjustment, the institutions have regained their confidence in the pharmaceutical sector recently, and some fund managers boldly said that they are optimistic about the performance of the pharmaceutical sector in 2022.
Securities Times website: according to the news of CSI on the 6th, in order to further enrich the index system and provide investors with new analysis tools, CSI Index Co., Ltd. will officially release the China South Korea 50 index of CSI and Korea stock exchange, China South Korea new energy vehicle index of CSI and Korea stock exchange and China South Korea semiconductor index of CSI and Korea Stock Exchange on December 20, 2021.
Subscription of new shares: Mingyue lens
new debt subscription: none
IPO: maihe shares, Guangdong Jiangxi Wannianqing Cement Co.Ltd(000789) , Dajia Weikang
new bond listing: none
company news
* ST public response: suspected of violation of letter phi, the CSRC decided to file a case against the company and the chairman of the board
Maoming Petro-Chemical Shihua Co.Ltd(000637) : stop production for rectification. All holding subsidiaries have resumed production
Dare Power Dekor Home Co.Ltd(000910) : received the warning letter from Jiangsu securities regulatory bureau
China Meheco Group Co.Ltd(600056) : azithromycin tablets passed the conformity evaluation of generic drugs
Tongling Nonferrous Metals Group Co.Ltd(000630) : intends to participate in the gas capital increase project of Guanggang
Fujian Kuncai Material Technology Co.Ltd(603826) : it is proposed to invest 3 billion yuan to build a new titanium dioxide project with an annual output of 600000 tons
Industrial Bank Co.Ltd(601166) : the application for public issuance of A-share convertible bonds was approved
Industrial And Commercial Bank Of China Limited(601398) : approved to issue tier 2 capital bonds not exceeding 190 billion yuan
Shanghai Topcare Medical Services Co.Ltd(600532) : plans to acquire no less than 51% equity of Beijing Shanfang hospital
Ming Yang Smart Energy Group Limited(601615) : Jing’an Hongda plans to reduce no more than 5.08% of the company’s shares
Jiangsu Xinquan Automotive Trim Co.Ltd(603179) : the person acting in concert of the controlling shareholder intends to reduce the holding of no more than 3% of the shares
Fuyao Glass Industry Group Co.Ltd(600660) : Heren foundation decided to terminate the reduction plan in advance
China Petroleum Engineering Corporation(600339) : subsidiary signed EPCM general contract of RMB 7.945 billion
Joincare Pharmaceutical Group Industry Co.Ltd(600380) : it is proposed to repurchase shares of 300 million to 600 million yuan to reduce the registered capital
data list
Shanghai and Shenzhen Stock Markets: on December 6, the two markets fluctuated, fell sharply in the afternoon, and the gem index fell more than 2%. More than 3000 stocks in the two cities fell. As of the close, the Shanghai index fell 0.50%, the Shenzhen composite index fell 0.93% and the gem index fell 2.09%. In terms of sectors, a few sectors such as brokerage, insurance, banking, glyphosate and St rose. Semiconductors, cultivation diamonds, tobacco concepts and secondary new shares all fell sharply. Only more than 40 stocks in the two cities rose by 10%.
Hong Kong stocks: the Hang Seng Index fell 1.76%, and the Hang Seng technology index fell 3.34%, a record low. Internet technology stocks fell sharply, with Ctrip down more than 13%, Alibaba down more than 5%, and Netease, Baidu, JD and BiliBili down more than 5%. New energy vehicle stocks fell, with ideal vehicles down more than 12% and Xiaopeng vehicles down more than 7%. Chinese brokerage stocks strengthened, China International Capital Corporation Limited(601995) , Gf Securities Co.Ltd(000776) up more than 2%. China Evergrande closed down 19.56%.
Shanghai Shenzhen Hong Kong stock connect: on December 6, the total net inflow of northbound funds was 395 million yuan. Among them, the net inflow of Shanghai Stock connect was 2.123 billion yuan and the net outflow of Shenzhen Stock connect was 1.728 billion yuan. Among the top ten traded stocks, the top three in net purchases were Citic Securities Company Limited(600030) , East Money Information Co.Ltd(300059) , Ping An Bank Co.Ltd(000001) , with net purchases of 848 million yuan, 699 million yuan and 557 million yuan respectively. The top three net sales are Contemporary Amperex Technology Co.Limited(300750) , Longi Green Energy Technology Co.Ltd(601012) , Zhejiang Huayou Cobalt Co.Ltd(603799) , with net sales of 399 million yuan, 328 million yuan and 219 million yuan respectively.
dragon tiger list: on December 6, among the stocks on the list, the largest net capital inflow was Shenzhen Center Power Tech.Co.Ltd(002733) , which was 110 million yuan. The daily limit of the stock closed, and the turnover rate of the whole day was 13.88%. Huaxin Shanghai Branch, which has a net inflow of funds, has a net purchase of 52.1244 million yuan. A total of 23 stocks were involved in the institutional participation in the dragon and tiger list, of which 12 were net bought by the institution, Anhui Tongfeng Electronics Company Limited(600237) was the most bought, amounting to 53.7555 million yuan. In addition, 11 shares were sold by institutions, and Jiangsu Rongtai Industry Co.Ltd(605133) was sold the most, amounting to 69.0936 million yuan.
margin trading : as of December 3, the balance of two financial transactions in Shanghai and Shenzhen was 1844.172 billion yuan, a decrease of 1.805 billion yuan compared with the previous trading day. Among them, the financing balance was 1723.12 billion yuan, a decrease of 1.859 billion yuan compared with the previous trading day; The balance of securities lending was 121.052 billion yuan, an increase of 54 million yuan over the previous trading day.
Shibor : Shibor reported 1.8170% overnight, down 9.6 basis points; Shibor reported 2.1290% in 7 days, up 5.1 basis points; Three month Shibor reported 2.4920%, down 0.7 basis points.
foreign exchange
On December 6, the central parity rate of RMB was reported at 6.3702, up 36 points, and the central parity rate of the previous trading day was reported at 6.3738. The onshore RMB closed at 6.3715 against the US dollar, down 25 points from the previous trading day.
property market observation
Securities Times: on the evening of December 5, the market suddenly heard that by the end of this year, when buying new houses in non main urban areas of Dongguan, the first or second sets do not need Dongguan social security, and can normally handle online signing for filing. However, at about 23 p.m. on the 5th, there was news from the market that the above policy was “stopped”. As of press time, Dongguan housing and Urban Rural Development Bureau and other relevant departments have not explained the relevant news. According to the new list circulated on the Internet, the reporter called the sales managers of Dongguan Vanke future light and other real estate, and the other party replied that they had not heard of relevant policy adjustments.
financial Associated Press: the third batch of centralized land supply in Jinan, Shandong Province ended. After bidding, there were 64 homesteads in Jinan (excluding Laiwu), and 55 were finally traded. Among them, there were 53 base price transactions, 2 land premium transactions, and 9 residential land auction. The transaction covers an area of 1.855 million square meters, with a total transaction amount of about 21.62 billion yuan, lower than the first batch (22.88 billion yuan) and higher than the second batch (12.45 billion yuan). The annual revenue was 56.95 billion yuan.
international information
financial Associated Press: since this year, house prices in many countries around the world have ushered in the largest increase in the past decade. House prices in developed countries such as Europe, North America, Japan and South Korea have increased to an alarming extent, and many people can’t afford it. The data show that by the second quarter of 2021, the global average house price had increased by 9.2% year-on-year, including 25.9% in New Zealand, 18.6% in the United States and Slovakia, and 29.2% in Turkey, ranking first in the world.
China Central Television News: on the 6th local time, according to the Ministry of industry, trade and resources of the Republic of Korea, with the approval of the South Korean parliament and reported to the ASEAN Secretariat, the regional comprehensive economic partnership agreement (RCEP) will officially enter into force for South Korea on February 1 next year. The South Korean parliament approved the agreement on February 2, and then the ASEAN Secretariat fed back that the agreement would enter into force for South Korea in 60 days, that is, February next year. As the world’s largest free trade agreement, South Korea’s exports to RCEP members account for about half of South Korea’s total exports. After the agreement comes into force, South Korea will also establish bilateral free trade relations with Japan for the first time.
financial Associated Press: according to Japan’s Kyodo news agency, the Japanese government submitted a supplementary budget for fiscal year 2021 to the diet on June 6. The total expenditure was 35.99 trillion yen, the largest supplementary budget in history. Sixty percent of them will be raised by issuing treasury bonds.
futures market
China Futures: the closing trend of China commodity futures was divided. The energy sector rose sharply, with LPG rising more than 5%, crude oil, fuel oil and coke rising more than 3%, coke, plastics, soybean oil, PP, PVC and palm rising more than 2%, and apple, cotton, staple fiber, soda ash, iron ore and PTA rising more than 1%. Shanghai tin fell more than 3%, Shanghai lead, starch, pigs, manganese and silicon fell more than 2%.
International Futures: oil prices in New York rose significantly on the 6th. The price of New York light crude oil futures for delivery in January 2022 rose $3.23 to close at $69.49 a barrel. The February 2022 gold futures price, the most active trading in the gold futures market of the New York Mercantile Exchange, fell by US $4.4 on the 6th compared with the previous trading day to close at US $1779.5 per ounce, a decrease of 0.25%.
overseas index
U.S. stock market: the three major U.S. stock indexes closed higher, with the Dow index up 1.87%, the S & P 500 index up 1.17% and the NASDAQ up 0.93%. Alibaba rose more than 10%.
European stock market: London stock market, the financial times 100 stock average price index 6 closed at 7232.28, up 109.96 points or 1.54% from the previous trading day. France Paris Stock Market CAC40 index closed at 6865.78, up 100.26 points or 1.48% over the previous trading day; Germany’s Frankfurt DAX index closed at 15380.79, up 210.81 points or 1.39% from the previous trading day.
Asia Pacific Stock Market: the Nikkei 225 index closed down 113.07 points, or 0.40%, at 27916.50 on Monday, December 6. South Korea’s Kospi index closed up 4.92 points, or 0.17%, at 2973.25.
