daily collection
Securities Times: Fu Linghui, spokesman of the National Bureau of statistics and director of the Department of comprehensive national economic statistics, said that due to the impact of the epidemic and flood in the third quarter, the economic growth slowed down. At the same time, the import impact brought by the rise of international commodity prices and the tight supply of some energy and raw material products in China, It also caused the increase of ex factory prices of industrial producers to expand, and it seems that there are some signs of stagflation. However, this situation is caused by short-term impact factors, which is a phased situation.
financial Associated Press: on the evening of 15, the magic square quantitative announcement of head private placement suspended the subscription (including addition) of all its products from now on, and the fixed open day redemption business of existing products will not be affected. For the reasons for the suspension of subscription, magic square quantitative insiders responded to the financial Associated Press reporter that the suspension of subscription is a normal operation. “The scale continues to grow. It’s better to stop and focus on developing good strategies on the basis of this scale to improve performance.” As for the timing of opening subscription in the future, the company believes that it needs to comprehensively consider various factors such as strategy, performance and market before making specific decisions.
national development and Reform Commission: achieving carbon peak and carbon neutralization is a major strategic decision made by the Party Central Committee and the State Council and an internal requirement to promote high-quality development. High energy consumption industry is an important part of the national economy. Its high energy consumption attribute is mainly determined by product properties and process characteristics. Reasonable and orderly project construction and implementation plays an important supporting role in improving the industrial system, stabilizing market supply and promoting economic growth. In order to implement the opinions on strengthening energy efficiency constraints and promoting energy conservation and carbon reduction in key areas, guide all localities to scientifically and orderly carry out the technical transformation of energy conservation and carbon reduction in high energy consuming industries, and effectively curb the blind development of “two high” projects, the benchmark level and benchmark level of energy efficiency in key areas of high energy consuming industries (2021 version) are hereby issued.
China Central Television News: U.S. President Biden officially signed the bipartisan infrastructure construction bill on November 15 local time, which puts forward six priorities to provide preliminary guidelines for rebuilding U.S. infrastructure, strengthening manufacturing, creating high paying jobs, developing the economy and solving the climate change crisis. Biden also delivered a public speech at the White House on the same day, emphasizing the importance of the bipartisan infrastructure bill to American workers, families and local construction.
macroeconomic
Shanghai Securities News: the central bank announced on November 15 that in order to maintain the reasonable and abundant liquidity of the banking system, it carried out RMB 100 billion MLF operation (including the continuation of MLF due twice on November 16 and 30) and RMB 10 billion reverse repurchase operation, which fully met the needs of financial institutions. This is the third consecutive month that the central bank continued to make MLF at parity. Under the background of certain changes in the current macroeconomic operation situation and the increase of market liquidity disturbance factors, the industry believes that the implementation of high equivalent parity continuation by the central bank shows that the central bank has an obvious attitude of caring for funds, which helps to stabilize the stable expectation of market liquidity. In the follow-up, it is expected that the central bank will appropriately adjust the operation rhythm of the open market according to the supply and demand of market funds to ensure that the liquidity is maintained in a reasonable and abundant pattern.
China Central Television finance and Economics: the drastic change of container freight rate also has a great impact on Yiwu’s commodity export. Some goods can’t bear high freight rates. Many overseas buyers suspend orders and postpone or refuse to accept orders for some goods with low value. In addition, affected by the epidemic, many international merchants are inconvenient to travel, and the passenger flow in the trade city is much lower than before, resulting in a significant decline in the order volume of many stores this year. According to expert analysis, there are still a large number of backlog orders in China, and the loading rate of container ships is still high, so it is difficult for freight rates to fluctuate sharply in the short term. However, on the other hand, the margin of supply and demand of containers has eased, so it is necessary to be vigilant against the risk of freight rate diving caused by the downward loading rate in the future.
Securities Times website: recently, the Ministry of transport, the National Standardization Administration Commission, the State Railway Administration, the Civil Aviation Administration of China and the State Post Office jointly issued the “14th five year plan” for the development of transportation standardization, which makes it clear that by 2025, a high-quality transportation standard system will be basically established, and the standardized operation mechanism will be more perfect, The internationalization level of standards has been significantly improved, and the role of standardization in accelerating the construction of a transportation power and a national comprehensive three-dimensional transportation network has become more prominent.
China Central Television finance and Economics: from the 15th, all northern China has entered the winter heating season, which also means the arrival of the annual peak of coal storage in winter. The reporter learned from the coal market that with the implementation of the national measures to increase production and ensure supply, the coal inventory of end users in the whole society is rising steadily. The data show that with the obvious increase of coal market supply, the coal market price is also gradually falling. Since November, the pit mouth price of 5500 kcal thermal coal in Shanxi, Shaanxi and Inner Mongolia has fallen to less than 900 yuan per ton.
industry dynamics
Securities Times: according to the statistical analysis of China Automobile Industry Association, in October 2021, automobile exports set a new historical record, of which the contribution of new energy automobile export growth was 43.3%. In October, automobile enterprises exported 231000 vehicles, a month on month increase of 33.8% and a year-on-year increase of 1.1 times. From January to October, automobile enterprises exported 1.594 million vehicles, a year-on-year increase of 1.2 times.
Zhejiang digital economy Federation: on the afternoon of November 12, in order to deeply understand the concept of “meta universe”, grasp the future trend of “meta universe”, seize opportunities and advance layout, and promote enterprises in our province to seize the commanding heights of “meta universe” technology and industrial development, the Provincial Department of economy and information technology organized a symposium on the industrial development of “meta universe”. Yao Chunbin of the digital economy Department of the Provincial Department of economy and information technology, Jin Xiaogang, chairman of the provincial virtual reality industry alliance and professor of Zhejiang University, Yang Wenjun, executive vice president of Beihang VR / AR Innovation Research Institute, Du Hui, associate professor of Zhejiang Institute of media, Xu Jiayi of Hangzhou University of Electronic Science and technology, and other experts, as well as representatives from “meta universe” related enterprises in the province, attended the meeting.
financial Associated Press: Chongqing Changan Automobile Company Limited(000625) Tan benhong, CEO of avita technology, disclosed the technical parameters of avita 11, its first car product: acceleration of four seconds at zero hundred kilometers, 200kW high-voltage charging system, 400tops computing intelligent driving chip, and equipped with Huawei Hongmeng intelligent cockpit. Avita 11 will be officially released in the second quarter of next year, mass production and the first delivery will be completed in the third quarter; Four new cars will be launched in the next five years.
China Securities News: on November 15, the executive meeting of Shanghai municipal government was held, which emphasized accelerating the construction of Zhangjiang biomedical industry innovation highland in Pudong New Area according to the deployment of the municipal Party committee. The meeting pointed out that to accelerate the building of a world-class biomedical industry cluster, we should continue to actively layout and make concerted efforts in the whole chain of basic research, clinical development, production and manufacturing, listing and application, and strive to make more innovative breakthroughs and create new growth points. In particular, we should do a good job in the transformation of achievements, strengthen the docking of production, learning, research and application, promote the integration of industrial chain and innovation chain to an earlier and deeper level, and realize the coordinated development of “Zhangjiang R & D and made in Shanghai”.
stock market focus
interface news: Citic Securities Company Limited(600030) the research report points out that steel has fallen significantly since mid September, and new changes are taking place at present, mainly reflected in strong profits, extremely undervalued value and strengthened policy catalytic factors. We judge that the industry is at the inflection point of oversold rebound. The rapid decline since mid September has led to the current decline of the overall valuation of the general steel industry to the lowest level in five years (the current price earnings ratio TTM of Longwood is 5.1 times, and the lowest value is 4.7 times that of January 2019). The steel plate has been in a relatively obvious undervalued range. Two core drivers determine that iron and steel currently has strong allocation value: 1) profits re-enter the recovery period, and ultra undervalued values bring layout opportunities; 2) November entered the policy catalysis period, and the industry pattern is being reconstructed.
China Securities Journal: after trading on the 15th, e fund took the lead in issuing the announcement of the selected two-year regular open hybrid offering of its subject fund, e fund, on the Beijing stock exchange. The fund will be issued from November 19 (this Friday), with a limit of 500 million yuan. Previously, the products of the Beijing stock exchange declared by eight companies such as e fund and GF fund were approved on November 12. Ordinary investors can participate in the investment of the Beijing stock exchange through the theme fund of the Beijing stock exchange from 1 yuan.
Securities Times: Guosheng securities research report pointed out that with the rising expectation of steady growth, there are signs of improvement in China US relations. A-Shares may start a new round of cross year market in the near future. In the early stage of the new year’s market, the direction of steady growth may bring phased opportunities, and the valuation repair of undervalued sectors is expected to become the main feature of the market. In the later stage of the new year’s market, the partial growth style may still be an important direction. Therefore, it is recommended to maintain the balanced allocation of growth and value in investment. In terms of operation, before the effective upward breakthrough in the market, it is still necessary to control the overall position, which is suitable for low absorption, pay attention to the key directions such as new energy vehicles and military industry with the cross-year continuation of the boom, and it is suggested to appropriately arrange the consumption, downstream manufacturing, agriculture, meta universe and other sectors in advance in combination with the performance price ratio.
financial Associated Press: in nearly half of November, how do insurance funds view follow-up investment opportunities? Some people in the insurance asset management industry believe that at present, the risks in the real estate industry are still releasing, and the equity market is still dominated by structural opportunities. It is suggested to maintain neutral positions. In terms of specific stock selection, the industry believes that it has long adhered to the configuration opportunities for scientific and technological growth such as new energy vehicles, photovoltaic and military industry, and paid attention to the high-end manufacturing sector with policy preference and relatively certain high boom trend. In addition, look for large financial and mass consumption sectors with low boom, undervalued value and improved profit expectations.
China News Agency: many people worry that the opening of the Beijing stock exchange will divert the stock funds of Shanghai and Shenzhen. In this regard, Liu Ying, a researcher at Chongyang Institute of finance, Renmin University of China, said that there is no shortage of funds in the market, but good assets and targets. In fact, the three major exchanges in Shanghai, Shenzhen and North China have different positioning and complementary advantages in dislocation development. Some large-scale enterprises are listed on the Shanghai and Shenzhen Stock Exchange, while the Beijing stock exchange is positioned as innovative small and medium-sized enterprises. At present, the total market value of more than 80 enterprises is limited, which is not enough to divert more A-share funds.
Subscription of new shares: Yunlu shares
new debt subscription: none
IPO: canqin technology, Wanxiang technology, Zhejiang Liming
new bond listing: none
company news
Nanjing Iron & Steel Co.Ltd(600282) : it is proposed to spin off its subsidiary Gangbao shares and list them on the Beijing stock exchange
Beijing Easpring Material Technology Co.Ltd(300073) : signed a strategic cooperation agreement with SK to cooperate in the development of cathode material business
Do-Fluoride New Materials Co.Ltd(002407) : Byd Company Limited(002594) it is proposed to purchase no less than 56050 tons of lithium hexafluorophosphate products from the company
Shanghai International Port (Group) Co.Ltd(600018) : Shanghai SASAC plans to transfer 28.1% of the company’s shares to Shanghai SDIC free of charge
Shanghai Electric Group Company Limited(601727) : Electric Corporation plans to transfer 5% of the company’s shares to Shanghai SDIC free of charge
Shanghai International Airport Co.Ltd(600009) : Airport Group plans to transfer 7% of the company’s shares to Shanghai SDIC free of charge
Ping An Insurance (Group) Company Of China Ltd(601318) : from January to October Ping An Insurance (Group) Company Of China Ltd(601318) the income of Life Insurance Co., Ltd. was 392 billion yuan
China Shenhua Energy Company Limited(601088) : in October, the coal sales volume was 33.8 million tons, a year-on-year decrease of 9.1%
Shanghai Titan Scientific Co.Ltd(688133) : shareholders intend to reduce their total holdings of no more than 4.1% of the company’s shares
Jilin Oled Material Tech Co.Ltd(688378) : Lvhe Chensheng plans to reduce no more than 4.79% of the shares of the company
* ST shenglai: intends to acquire 51% equity of Huayuan Electric
China National Chemical Engineering Co.Ltd(601117) : won the bid for major overseas projects of about 1.8 billion euros
Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) : proposed to establish a joint venture to fully expand renewable energy power generation projects
data list
Shanghai and Shenzhen Stock Markets: on the 15th, the three major A-share indexes opened high and went low, maintaining a volatile pattern throughout the day. As of the close, the Shanghai index fell 0.16%, the Shenzhen composite index fell 0.47%, and the gem index fell 0.82%. The first batch of 81 shares of the Beijing stock exchange appeared, and all 10 new shares closed up sharply. On the disk, food and beverage, media and entertainment, tourism, Internet, gas supply and heating, advertising packaging, medicine and other sectors led the increase, mineral products, electrical equipment, chemical industry, nonferrous metals and other sectors led the decline, NMN concept, meta universe concept, Tencent concept, online games and other conceptual sectors were active, and more than 10 shares of new energy vehicles and secondary new shares rose by the limit. The turnover of Shanghai and Shenzhen stock markets exceeded trillion for the 17th consecutive trading day.
Hong Kong stocks: Hang Seng Index closed up 0.25%, and Hang Seng technology index rose 0.54%. Real estate stocks fell across the board, with rongchuang China down more than 11%, R & F real estate down more than 9% and country garden down nearly 5%.
Shanghai Shenzhen Gangtong: on November 15, the total net inflow of northbound funds was 3.382 billion yuan. Among them, the net inflow of Shanghai Stock connect was 536 million yuan and that of Shenzhen Stock connect was 2.846 billion yuan. Among the top ten traded stocks, the top three in net purchases were China Tourism Group Duty Free Corporation Limited(601888) , Shenzhen Jinjia Group Co.Ltd(002191) , Contemporary Amperex Technology Co.Limited(300750) , with net purchases of 629 million yuan, 359 million yuan and 359 million yuan respectively. The top three net sales are Nari Technology Co.Ltd(600406) , Jiangsu Zhongtian Technology Co.Ltd(600522) , Gotion High-Tech Co.Ltd(002074) , with net sales of 287 million yuan, 284 million yuan and 282 million yuan respectively.
dragon tiger list: on November 15, among the stocks on the list, the largest net capital inflow was Shenzhen Jingquanhua Electronics Co.Ltd(002885) , which was 130 million yuan. Data show that the stock rose 3.34% during the day, and the turnover rate throughout the day reached 28.06%. Specifically, Dongxing Securities Corporation Limited(601198) Shanghai Zhaojiabang road net purchases 15.7263 million yuan. A total of 43 stocks were involved in the institutional participation in the dragon and tiger list, of which 27 were net bought by the institution, and Navinfo Co.Ltd(002405) was the most bought, amounting to 239 million yuan. In addition, 16 shares were sold by institutions, and Zhejiang Yongtai Technology Co .Ltd(002326) was sold the most, amounting to 169 million yuan.
margin trading : as of November 12, the balance of two financial transactions in Shanghai and Shenzhen was 1839.044 billion yuan, a decrease of 2.202 billion yuan compared with the previous trading day. Among them, the financing balance was 1698.022 billion yuan, a decrease of 1.113 billion yuan compared with the previous trading day; The balance of securities lending was 141.022 billion yuan, a decrease of 1.089 billion yuan compared with the previous trading day.
Shibor : Shibor reported 1.7870% overnight, down 6.90 basis points; Seven days Shibor reported 2.1000%, down 2.4 basis points; Three month Shibor reported 2.4600%, up 0.6 basis points.
foreign exchange
On November 15, the central parity of RMB was reported at 6.3896, up 169 points, and the central parity of the previous trading day was reported at 6.4065. The onshore RMB closed at 6.3803 against the US dollar, up 99 basis points from the previous trading day.
property market observation
daily economic news: in October, the trading volume of second-hand houses in Dalian was only 2048, which was “halved”. In addition, according to media reports, the average price of new houses in Dalian has also decreased by 1000 ~ 2000 yuan / m2 at this stage, such as the price reduction of country garden Donggang international, and Vanke metropolis Xinghai has also actively promoted and launched many special price houses.
China Securities Journal: on November 15, the National Bureau of statistics released the changes in the sales prices of commercial houses in 70 large and medium-sized cities in October. Data show that 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. According to the data of the National Bureau of statistics, in October, there were 13 cities with month on month rise in new house prices, which fell sharply again compared with the previous month, and 52 cities with month on month decline in new house prices. The number of cities where second-hand housing prices rose month on month decreased from 17 in September to 4, which has decreased in July; The price of second-hand houses in more than 90% of cities decreased month on month, and the number of cities reached 64.
international information
CCTV news client: on November 15 local time, U.S. and Japanese officials agreed to start negotiations to resolve the trade dispute over the imposition of tariffs by the United States on steel and aluminum imported from Japan. Japanese officials said that the decision was reached after a meeting between visiting U.S. Secretary of Commerce Gina ramondo and Japanese Minister of economy and industry Hagi Shengtian Guang.
interface news: a statistics shows that among the 37 major countries in the world, South Korea’s household debt accounts for the highest proportion of China’s GDP. Affected by the covid-19 epidemic, the growth rate of household debt in South Korea ranks first among countries in the world. The survey report shows that, based on the second quarter of this year, the proportion of household debt in China’s gross domestic product (GDP) is 104.2%, ranking first among the respondents. The situation in other countries and regions includes 89.4% in the United Kingdom, 79.2% in the United States, 63.9% in Japan and 61.5% in Europe. The report points out that with the rise of housing prices, the global household debt increased by $1.5 trillion in the first half of this year alone. The proportion of household debt in GDP in the target countries or regions increased, especially in South Korea, Russia and other countries.
interface news: Japan’s economy has contracted in five of the past eight quarters. A wave of covid-19 epidemic in summer hit the country’s economy and led to a decline in consumption. The tight supply chain has also impacted production. Japanese manufacturers are facing a shortage of chips and components. The economic contraction provides more reasons for Kishida to put forward stimulus measures to promote the economy to return to the recovery track. In addition to providing a short-term boost to the economy, he also hinted that he wanted to ensure medium – and long-term economic growth and more equitable income distribution. According to previous Japanese media reports, the scale of fiscal stimulus measures will exceed 40 trillion yen.
futures market
China Futures: on November 15, China’s futures market closed more or less, led by coal futures. The main contracts of coking coal futures fell by more than 13%, coke fell by nearly 10% and power coal fell by more than 7%.
International Futures: oil prices in New York rose on the 15th. The price of New York light crude oil futures for delivery in December rose 9 cents to close at $80.88 a barrel. The December gold futures price, the most active trading in the gold futures market of the New York Mercantile Exchange, fell $1.9 on the 15th, or 0.1%, to close at $1866.6 an ounce.
overseas index
U.S. stock market: major U.S. stock indexes fell slightly, the Dow fell 0.03%, the S & P 500 index closed roughly flat, the NASDAQ fell 0.04%, and Tesla closed down 1.94%.
European stock market: London stock market, the financial times 100 stock average price index 15 closed at 7351.86, up 3.95 points or 0.05% from the previous trading day. France Paris Stock Market CAC40 index closed at 7128.63, up 37.23 points or 0.53% over the previous trading day; Germany’s Frankfurt DAX index closed at 16148.64, up 54.57 points or 0.34% from the previous trading day.
Asia Pacific Stock Market: on November 15, the Nikkei 225 index closed up 156.53 points, or 0.53%, at 29766.50. South Korea’s Kospi index closed up 30.72 points, or 1.03%, at 2999.52.
