daily collection
Xinhua News Agency: President Xi Jinping held a video meeting with US President Joe Biden on the morning of November 16. The two sides had full and in-depth communication and exchanges on strategic, overall and fundamental issues related to the development of China US relations and important issues of common concern. The two capitals believed that the meeting was frank, constructive, substantive and fruitful, which was conducive to enhancing mutual understanding between the two sides, increasing the positive expectations of the international community on China US relations, and sending a strong signal to China, the United States and the world. The two sides agreed to continue to maintain close contacts in various ways to push China US relations back to the correct track of healthy and stable development for the benefit of the Chinese and American people and people all over the world.
Securities Times: the spokesman of the national development and Reform Commission said that according to the deployment of the leading group for carbon peak carbon neutralization, relevant departments are studying and formulating implementation plans for energy, industry, urban and rural construction, transportation, agriculture and rural areas, iron and steel, petrochemical and chemical industry, non-ferrous metals, building materials, electric power, oil and gas and other key industries, as well as scientific and technological support Supporting policies such as finance, carbon sequestration capacity, statistical accounting, supervision and assessment. At present, the implementation plans in the fields of industry, transportation, urban and rural construction and the action plan for science and technology to support carbon peak and carbon neutralization have been prepared and are being submitted for deliberation according to procedures. After deliberation, they will be printed and issued for implementation according to procedures.
Xinhua News Agency: Han Zheng stressed the need to continue to increase the supply of power coal and natural gas, promote enterprises with production potential to release production capacity, strengthen the supervision of the signing and performance of power coal and natural gas contracts, and investigate and deal with the bid up of coal prices according to law. We should make every effort to solve the problem of blocked unit output of power generation enterprises and ensure that the power generation capacity in winter peak hours is higher than that in the same period last year. We will help coal-fired power and heating enterprises alleviate their phased difficulties, encourage financial institutions to ensure the reasonable financing needs of enterprises, and reform and improve the market-oriented formation mechanism of coal-fired power prices. We should fully prepare the plan to deal with extremely cold weather and ensure the power and gas consumption of “coal to electricity” and “coal to gas” users.
macroeconomic
Securities Times: the official website of the central budget public platform of the Ministry of Finance issued the “notice on Issuing the local fund budget for the additional subsidy of renewable energy electricity price in 2022 in advance”. The notice shows that the total new energy subsidy fund issued this time is 3.87 billion yuan. Among them, wind power is 1.55 billion yuan, photovoltaic is 2.28 billion yuan and biomass is 38.24 million yuan.
first finance and Economics: Meng Weixia, spokesman of the national development and Reform Commission, said that on November 10, the national development and Reform Commission organized a special video conference on the governance of “mining” of virtual currency, informed the monitoring and remediation of “mining” of virtual currency, deployed the next stage of work, and required all provinces, regions and cities to earnestly shoulder their territorial responsibilities, establish systems and pay attention to monitoring, Clean up and rectify the “mining” activities of virtual currency in the region, and strictly investigate and deal with the “mining” activities involved in the computer rooms of state-owned units. Next, we will focus on industrial centralized “mining”, state-owned units involved in “mining” and bitcoin “mining”. For the units implementing residential electricity price, if they find that they participate in the “mining” activities of virtual currency, they will study the imposition of punitive electricity price, so as to form a high-pressure situation of continuously renovating the “mining” activities of virtual currency.
Securities Times: recently, the regulations on the promotion of cell and gene industry in Shenzhen Special Economic Zone (Exposure Draft) was issued, which proposed that the municipal and District People’s governments should give full play to the supporting role of government investment funds for industrial development, guide social funds to invest in cell and gene industry, and promote the progress of key links such as product R & D and achievement transformation. Encourage financial institutions to provide financial support for the development of cell and gene industries, increase credit support and reduce enterprise financing costs. Support qualified cell and gene enterprises to be listed. Explore providing intellectual property financial services such as intellectual property pledge financing and intellectual property insurance for cell and gene enterprises, and develop intellectual property securitization financing products.
the country is a through train: Zhou Dadi, academic consultant of China Energy Research Association and former director of the Energy Research Institute of the national development and Reform Commission, said on the 16th that the participating country is the “energy China” of the forum. The recent so-called “power shortage” is actually a problem of rationalizing electricity prices and coal prices. When the price was straightened out, including the official intervention to stop the “speculative surge” in the market, it was not long before the power coal returned to a high state of coal storage. This shows that it is completely a problem of market scheduling and reasonable market management, not a problem of production capacity or “lack of coal”. Therefore, in the future, we should make reasonable structural adjustment to the energy price, which does not mean that the price should rise significantly, but that the price structure should change reasonably.
industry dynamics
interface news: according to the statistical analysis of China Automobile Industry Association, in October 2021, the market share of Chinese brand passenger cars increased, and the sales volume increased month on month and year on year. According to the data, in October 2021, the sales of Chinese brand passenger cars were 952000, with a month on month increase of 16.0% and a year-on-year increase of 9.2%, accounting for 47.5% of the total passenger car sales. The share increased by 0.6 percentage points over the previous month and 6.2 percentage points over the same period last year. From January to October, 7.387 million Chinese brand passenger cars were sold, with a year-on-year increase of 28.1%, accounting for 43.8% of the total passenger car sales.
daily economic news: the reporter learned that the industrialization of lithium extraction from salt lakes will release a large amount of production capacity. “First of all, we don’t think it will cause too much market impact. Because after the continuous iteration of new energy technology, electric vehicles and other related products have become more and more mature and have been recognized by the market and consumers. From the sales data in recent years, the penetration rate of electric vehicles has maintained a fairly high growth rate. Resource projects need a certain development cycle and lag behind the growth on the demand side. It can be predicted that supply and demand will increase The relationship will be tense in the short term. Secondly, compared with the global lithium salt market, the newly released capacity of China’s salt lakes will not account for a large proportion. This is considered from the change of supply and demand. ” Ganfeng Lithium Co.Ltd(002460) the person concerned said. In the view of the industry, there is still a cross period mismatch between the demand and supply of lithium carbonate, and the supply will be in short supply in the next three years.
China News Network: Xie Cun, director of the information and Communication Development Department of the Ministry of industry and information technology, said on the 16th that at present, China has built more than 1.15 million 5g base stations, accounting for more than 70% of the world. It is the world’s largest and most technologically advanced 5g independent networking network. 5g network coverage has been realized in all prefecture level cities and urban areas, more than 97% of county urban areas and 40% of township and town areas in China; 5g end users reached 450 million, accounting for more than 80% of the world.
first finance and Economics: on November 16, TCL Huaxing released the first 65 inch 8K ink-jet printing OLED screen, which means that Chinese panel manufacturers will take the third road in the field of large-size OLED – ink-jet printing OLED in addition to the white OLED and qd-oled technologies of Korean enterprises. The first financial reporter learned that TCL Huaxing’s inkjet printing OLED project in Guangzhou may be launched in 2022.
stock market focus
first finance and Economics: according to the data obtained by the reporter from the Beijing stock exchange, 180000 qualified investors were added on the first day of the opening of the Beijing stock exchange, an increase of nearly three times compared with the average number of accounts opened on the day before the opening of the market last week (45000). Previously, according to the official website of the Beijing stock exchange, all parties in the market responded positively and actively participated in the opening preparation process. As of November 12, more than 2.1 million investors have made an appointment to open the qualified investor authority of the Beijing stock exchange. After the opening of the market, more than 4 million investors can participate in the trading of the Beijing stock exchange.
China Securities Co.Ltd(601066) research: in 2022, we believe that the liquidity of the stock market still supports the excellent performance of the market. China’s economy operates smoothly, and liquidity remains neutral and loose. Overall, the market performance is similar to that in 2021, showing a wide range of shocks. Industries with excellent prosperity will perform well. We point out in the analysis of economic contradictions; Clean energy such as power grid investment, energy storage investment, photovoltaic and wind power is the first main line; Innovative medicine, home appliances and furniture, real estate returning to manufacturing and other common prosperity directions are the second main line; High end equipment manufacturing industries such as national defense and military industry, industrial machine tools and new energy automobile industry chain are the third main line in 2022. From the perspective of market style, blue chips and growth stocks will have excellent performance in 2022.
first financial: Haitong Securities Company Limited(600837) pointed out that as of November 15, 2021, the price index of liquor in the CSI Baijiu TTM was about 42.45 times, slightly lower than the historical median. The price earnings ratio TTM of CSI biomedical index is only 37.98 times, which is far lower than the median. Baijiu and medicine sector, mainly in the recent trend of concussion and consolidation, today is ushering in a full-scale outbreak. From the valuation point of view, it may have corresponding investment value. Combined with the release of investment outlook and strategy of various brokerages in 2022, consumption and medicine will return to investors’ perspective, so the logic of long-term consumption allocation and medicine will remain unchanged. Investors are advised to seize the opportunity of corresponding valuation recovery.
Securities Times: Gree Electric Appliances Inc.Of Zhuhai(000651) (000651) announced on the evening of November 16 that the company plans to acquire Zhejiang Dun’An Artificial Environment Co.Ltd(002011) 270 million shares held by Zhejiang Dunan Precision Industry Group Co., Ltd. (accounting for 29.48% of the total share capital of the subject company on the date of this announcement), and the transfer price is about 2.19 billion yuan; Meanwhile, the company plans to subscribe Zhejiang Dun’An Artificial Environment Co.Ltd(002011) 139 million non-public shares to specific objects in cash, with a subscription price of about 810 million yuan. After the completion of this non-public offering, Gree Electric Appliances Inc.Of Zhuhai(000651) will hold Zhejiang Dun’An Artificial Environment Co.Ltd(002011) 410 million shares, accounting for 38.78% of the total share capital of the company after the issuance.
Subscription of new shares: Jinzhong shares and HuaSu shares
subscription of new bonds: HE21 convertible bonds and Bojie convertible bonds
IPO: new point software
new bond listing: none
company news
China Railway Construction Corporation Limited(601186) : recently won the bid for a major project of 98.721 billion yuan
Chongqing Brewery Co.Ltd(600132) : it is proposed to invest no less than 1.03 billion yuan in the construction of beer production base project
Changzhou Tronly New Electronic Materials Co.Ltd(300429) : intends to acquire the remaining 65.51% equity of Changsha Xinyu
China Yangtze Power Co.Ltd(600900) : subsidiary plans to invest 1.53 billion yuan to establish a joint venture with Three Gorges group Yunnan Energy Investment Co.Ltd(002053)
Bgrimm Technology Co.Ltd(600980) : intends to acquire 100% equity of Zhuzhou torch and resume trading from tomorrow
Luxi Chemical Group Co.Ltd(000830) : it is proposed to invest in the first phase of bisphenol a project with an annual output of 1.2 million tons
Suzhou Harmontronics Automation Technology Co.Ltd(688022) : the company’s current power exchange equipment business is in the initial stage
China Southern Airlines Company Limited(600029) : October passenger turnover decreased by 27.72% year-on-year
Shanghai International Airport Co.Ltd(600009) : passenger throughput in October decreased by 15.4% year-on-year
* ST HNA: October passenger volume decreased by 22% year-on-year
Keysino Separation Technology Inc(300899) : the shareholder Shenzhen Venture Capital and the unanimous person intend to reduce the company’s shares by no more than 4.82%
Beijing Teamsun Technology Co.Ltd(600410) : chairman Wang Weihang plans to reduce his shares by no more than 2.5%
Jiangsu Yoke Technology Co.Ltd(002409) : IC industry fund’s recent reduction of 0.575% of the company’s shares
data list
Shanghai and Shenzhen Stock Markets: all the three major stock indexes of A-Shares turned green in the afternoon and maintained a narrow shock trend throughout the day. Individual stocks rose more or fell less, and more than 3100 individual stocks in the two markets fell. As of the close, the Shanghai index fell 0.33%, the Shenzhen composite index fell 0.15% and the gem index fell 0.24%. On the disk, wine making, medical care, medicine, daily chemical industry, household goods, household appliances, media and entertainment led the increase, aviation, shipping, electrical instruments, nonferrous metals, steel, semiconductors, coal and other sectors led the decline, and the concept of meta universe continued to be active. In addition, only 7 of the 81 stocks on the Beijing stock exchange rose today.
Hong Kong stocks: Hang Seng Index closed up 1.27%, and Hang Seng technology index rose 1.68%. Game stocks rose collectively, with the heart company up more than 10% and BiliBili up more than 3%. Property stocks and internal housing stocks recovered, and poly property rose by more than 19%.
Shanghai Shenzhen Hong Kong stock connect: on November 16, the total net inflow of northbound funds was 4.199 billion yuan. Among them, the net outflow of Shanghai Stock connect was 64 million yuan and the net inflow of Shenzhen Stock connect was 4.263 billion yuan. Among the top ten traded stocks, the top three in net purchases were Wuliangye Yibin Co.Ltd(000858) , Kweichow Moutai Co.Ltd(600519) , Changchun High And New Technology Industries (Group) Inc(000661) , with net purchases of 655 million yuan, 626 million yuan and 472 million yuan respectively. The top three net sales are Ping An Insurance (Group) Company Of China Ltd(601318) , Jiangsu Zhongtian Technology Co.Ltd(600522) , Citic Securities Company Limited(600030) , with net sales of 233 million yuan, 114 million yuan and 65.02 million yuan respectively.
dragon and tiger list: on November 16, among the stocks on the Shanghai and Shenzhen dragon and tiger list, the largest net capital inflow was Navinfo Co.Ltd(002405) , with a net inflow of 667 million yuan in the three days. Data show that the stock rose 1.14% during the day and 22.45% in the past three days. Specifically, Shenzhen Stock connect bought a net 89.3573 million yuan on the third day. A total of 34 stocks were involved in the institutional participation list, of which 18 were net bought by the institution, Navinfo Co.Ltd(002405) was the most bought, with a net purchase of RMB 327 million in three days. In addition, 16 shares were sold by institutions, and Chongqing Changan Automobile Company Limited(000625) was sold the most, amounting to 339 million yuan.
margin trading : as of November 15, the balance of two financial transactions in Shanghai and Shenzhen was 1838.837 billion yuan, a decrease of 207 million yuan compared with the previous trading day. Among them, the financing balance was 170.044 billion yuan, an increase of 2.022 billion yuan over the previous trading day; The balance of securities lending was 138.793 billion yuan, a decrease of 2.229 billion yuan compared with the previous trading day.
Shibor : Shibor reported 1.9230% overnight, up 13.60 basis points; Seven days Shibor reported 2.0960%, down 0.4 basis points; Three month Shibor reported 2.4630%, up 0.3 basis points.
foreign exchange
On November 16, the central parity rate of RMB against the US dollar was 6.3924, down 28 points; The median price of the previous trading day was 6.3896. The onshore RMB closed at 6.3770 against the US dollar, up 33 basis points from the previous trading day.
property market observation
China Securities News: according to the data released by the National Bureau of statistics on the 15th, in October, the sales price of commercial housing in 70 large and medium-sized cities continued to decline slightly month on month, and the year-on-year increase continued to fall. Experts predict that house prices are expected to continue to fall in the fourth quarter. With the gradual improvement of the real estate credit environment, mortgage loans will continue to be put into force for some time in the future, and the situation of too tight capital of real estate enterprises will slow down and worsen.
Xinhuanetco.Ltd(603888) : the research of the blue book shows that under the guidance of a series of targeted policies of “developing the housing rental market”, at present, professional housing rental enterprises have initially caught up with and surpassed the world level in promoting the matrix development of rental products, improving the level of residential services, enabling digital technology, etc. At the same time, with the growth of long-term rental demand brought by population mobility and the iteration of the living concept of tenants and owners, it is expected that China’s rental population will reach 260 million in 2030, and the scale of housing rental market will be nearly 10 trillion yuan, ushering in the “golden decade” of industry development. In addition, at present, 65% of tenants choose “institutionalized long-term rental” as their first choice, while at the owner level, the free “post-80s” owners account for 32%.
International information
China News Network: the U.S. media reported on the 15th local time that according to the data of the American Automobile Association, the gasoline price in California hit a record high that day, and the average price of ordinary gasoline per gallon soared to $4.682, ranking first in all States in the United States. This is the second day in a row that California has broken the oil price record. According to the data on the website of the American Automobile Association, the average price of regular gasoline in California reached $4.676 per gallon on the 14th. Previously, the highest average price of ordinary gasoline in California was $4.671 in October 2012.
interface news: timoxin, head of the Department in charge of cooperation with foreign financial institutions of the Russian St. Petersburg stock exchange, said at the round table meeting of the Russian Federal Academy of society that the St. Petersburg stock exchange is holding negotiations with large Chinese securities companies to provide these institutions with the possibility of entering the Russian stock market.
Xinhua News Agency: the European Council and the European Parliament reached an agreement on the EU budget for 2022 on the 15th, setting the total new budget at 169.515 billion euros and the total expenditure at 170.603 billion euros. According to the agreement, the new budget will focus on supporting economic recovery, addressing climate change and green and digital transformation, while leaving enough space within the expenditure limit of the multi-year fiscal framework from 2021 to 2027 to meet unforeseen needs in the future.
Futures market
China Futures: China commodity futures closed, falling more or less, coking coal fell more than 9%, a new low since July 19, coke fell more than 4%, PVC and Zhengmei fell more than 3%, plastics and Shanghai zinc fell more than 2%, threads and ferrosilicon fell more than 1%, and peanuts and eg fell slightly; Fuel oil rose by more than 2%, rapeseed meal and soda ash rose by more than 1%, and eggs and staple fiber rose slightly.
International Futures: oil prices in New York fell on the 16th. The price of New York light crude oil futures for December delivery fell 12 cents to close at US $80.76 a barrel. The December gold futures price, the most actively traded in the gold futures market of the New York Mercantile Exchange, fell US $12.5 on the 16th, or 0.67%, to US $1854.1 an ounce.
overseas index
U.S. stock market: the three major U.S. stock indexes closed higher, with the Dow index up 0.16%, the S & P 500 index up 0.39% and the NASDAQ up 0.76%. New energy vehicles and online education stocks led the gains.
European stock market: London stock market, the financial times 100 stock average price index 16 closed at 7326.97, down 24.89 points or 0.34% from the previous trading day. France Paris Stock Market CAC40 index closed at 7152.60, up 23.97 points or 0.34% over the previous trading day; Germany’s Frankfurt Stock Exchange DAX index closed at 16247.86, up 99.22 points or 0.61% from the previous trading day.
Asia Pacific Stock Market: on November 16, the Nikkei 225 index closed up 15.7 points, or 0.05%, to 29792.5 points. South Korea’s Kospi index closed down 2.31 points, or 0.08%, at 2997.21.
