daily collection
central bank: with the approval of the State Council, the people’s Bank of China and the Bank of Japan recently renewed the China Japan Bilateral local currency swap agreement, with a scale of 200 billion yuan / 3400 billion yen. The agreement is valid for three years and can be extended with the consent of both sides. The renewal of the bilateral local currency swap agreement between the central banks of China and Japan will help maintain the financial stability of the two countries and support the development of bilateral economic and financial activities.
first finance and Economics: Fang Xinghai, vice chairman of CSRC, said in his speech at the international investor conference of Shanghai Stock Exchange in 2021 that we should further optimize mechanisms and tools. We will implement the new regulations for qualified foreign investors, improve and expand the Shanghai Shenzhen Hong Kong stock connect, Shanghai Lun stock connect and China Japan ETF exchange mechanism, further broaden the scope and path of futures market opening on the existing basis, and provide international investors with more diversified investment options and risk management tools.
Securities Times: on October 25, the State Council appointed Wang Jianjun as vice chairman of the CSRC. The official who grew up synchronously with the capital market has worked in the securities regulatory system for more than 20 years and has a good reputation in the industry. “Professional, pragmatic, thoughtful and energetic” is his label, and “reform” runs through his practice track. He is familiar with market supervision and the demands of front-line market subjects. He is a doer who is good at thinking and innovation in the mouth of his colleagues. He is a regulatory expert who can closely fit the regulatory policies and market conditions in the eyes of market subjects and apply the right medicine to the case.
China Fund News: as of October 25, the first batch of four MSCI China A50 interconnected ETF products, with a total fund issuance scale of more than 12 billion yuan, has become another popular product in the near future. The announcement shows that the first four MSCI China A50 interconnection ETFs raised by e Fonda, Nanfang, Huaxia and huitianfu were issued from October 22 to 26, and the upper limit of the raising scale of the four products was 8 billion yuan. In the environment of flat profit-making effect in the equity market and weak new development funds, the above innovative products sold 12 billion yuan in two trading days, showing the attractiveness of the products to investors.
financial Associated Press: the largest new energy vehicle order in history was released. Hertz, an international car rental enterprise, bought 100000 Tesla cars. Tesla soared 12.7%, its market value exceeded US $1 trillion, and its share price stood at US $1000 for the first time.
National Energy Administration: the National Energy Administration signed a strategic cooperation agreement with China Industrial And Commercial Bank Of China Limited(601398) . It is reported that the national energy administration and China Industrial And Commercial Bank Of China Limited(601398) will further deepen political and banking cooperation and jointly explore an effective path to boost the development of green energy and promote carbon peak and carbon neutralization. The national energy administration will give full play to the role of the competent department of the energy industry and promote the benign interaction and in-depth cooperation between green energy and green finance. China Industrial And Commercial Bank Of China Limited(601398) will give full play to the advantages of green finance of large state-owned banks, take energy supply security and carbon peak carbon neutralization as key service areas, enrich innovative products and services, and increase financial support. In the next five years, China Industrial And Commercial Bank Of China Limited(601398) plans to provide intentional financing support of 3 trillion yuan for the energy field.
central bank website: with the approval of the State Council, the people’s Bank of China and the Bank of Japan recently renewed the China Japan Bilateral local currency swap agreement, with a scale of 200 billion yuan / 3400 billion yen. The agreement is valid for three years and can be extended with the consent of both parties. The renewal of the bilateral local currency swap agreement between the central banks of China and Japan will help maintain the financial stability of the two countries and support the development of bilateral economic and financial activities.
macroeconomic
interface news: on October 25, China Coal Industry Association and China coal transportation and Marketing Association issued an initiative to ensure the supply and price of coal this winter and next spring and ensure the people’s warm winter. It is proposed to start the connection between coal production and transportation in 2022 as soon as possible. Coal production enterprises should make early plans, actively connect with downstream coal consuming enterprises and railway transportation departments, do a good job in the signing of medium and long-term coal contracts in 2022, increase the number and proportion of medium and long-term contracts, sign early, sign more, sign and sign long-term coal contracts, improve the guarantee capacity of stable coal supply in China, and promote the long-term and stable operation of the coal market.
first finance and Economics: the Ministry of ecological environment issued a notice on October 25, requiring to do a good job in the data quality supervision and management of the national carbon emission trading market, and cooperate with the special supervision and law enforcement of greenhouse gas emission reports of emission control enterprises in the power generation industry; Focusing on the quality of carbon emission data in 2019 and 2020, key emission units and relevant service institutions in the power generation industry will be comprehensively verified, and the problems found will be handed over to the local authorities, tied up and fixed to the end. Establish a long-term mechanism for carbon market emission data quality management.
interface news: since October 5, the coal supply of the national unified dispatching power plant has exceeded the coal consumption for 20 consecutive days. Since October 19, the coal supply of the power plant has exceeded the coal consumption by more than 1 million tons, reaching 2 million tons on October 23. The coal storage level of the power plant has increased rapidly, and the safety guarantee capacity of power coal has been greatly improved. On October 24, the unified dispatching power plant supplied 7.14 million tons of coal, and the coal storage of the power plant reached 95.69 million tons, an increase of 17 million tons over the end of September, which can be used for 17 days. With the further release of coal production capacity and the completion of maintenance of Daqin line, the coal supply of the power plant will be further improved.
e company: the reporter learned that the development and Reform Commission of Zhejiang Province plans to carry out social risk assessment and form an assessment report on the introduction of a major policy of stepped tariff and punitive tariff for high energy consuming enterprises. At present, Zhejiang development and Reform Commission has issued relevant project procurement announcements on social risk assessment.
industry dynamics
e company: according to the monitoring data of sozhu.com, the average selling price of lean pigs in China today (October 25) was 15.52 yuan, an increase of 0.89 yuan / kg compared with 14.63 yuan / kg yesterday, a one-day increase of 6.08%; Compared with 29.42 yuan / kg in the same period last year, it decreased by 13.9 yuan / kg, a year-on-year decrease of 47.25%. Pig prices continued to rise, and the market rally continued to accelerate in the past two days. Today, the national average price is about to hit the 16 yuan / kg mark. Overall, the rise in Northeast, North and central China is more obvious.
first finance and Economics: New Oriental online announced that according to the new regulations and in order to ensure that the group and its operations fully comply with all applicable legal and regulatory requirements, the board of directors of the company has decided that the group will stop operating discipline after-school training services at the stage of compulsory education in China, which are provided to students from kindergartens to grades 9 (K-9 or compulsory education) in China. The termination is expected to take effect before the end of November 2021.
financial Associated Press: the Ministry of industry and information technology issued a notice on printing and distributing the guidelines for the construction of the basic security standard system of the Internet of things (version 2021), proposing to preliminarily establish the basic security standard system of the Internet of things by 2022, develop more than 10 key industry standards, clarify the security requirements of key basic links such as Internet of things terminals, gateways and platforms, and meet the needs of basic security guarantee of the Internet of things, Promote the improvement of the basic security capability of the Internet of things.
first finance and Economics: according to the statistical analysis of China Automobile Industry Association, the sales volume of passenger cars in September increased significantly compared with the previous month, but due to the high base in the same period, the year-on-year decline was expanded compared with the previous month. In September 2021, the production and sales of passenger cars were 1.767 million and 1.751 million respectively, with a month on month increase of 18.1% and 12.8% respectively, a year-on-year decrease of 13.9% and 16.5% respectively, and a decrease of 2 and 4.8 percentage points respectively compared with August.
stock market focus
first finance and Economics: after hours on October 25, Aier Eye Hospital Group Co.Ltd(300015) announced that the operating revenue in the first three quarters was 11.596 billion yuan, a year-on-year increase of 35.38%; The net profit was 2.003 billion yuan, a year-on-year increase of 29.59%. The net profit in the third quarter was 888 million yuan, a year-on-year increase of 2.05%. According to the third quarterly report, the increase of the company’s revenue is mainly due to the expansion of the company’s business scale, the improvement of brand influence and the upgrading of medical consumption, resulting in the increase of diagnosis and treatment and surgery. Among them, from July to September 2021, under the condition of high base in the same period last year, repeated epidemics occurred in Hunan, Hubei, Guangdong, Sichuan, Chongqing, Jiangsu, Xinjiang and other places, which had a great impact on the business development of local hospitals.
China Securities Network: Gf Securities Co.Ltd(000776) recently released a research report that the establishment of the Beijing stock exchange will become a key step in China’s capital market reform, marking that China has opened a new pattern in which the three markets of Shanghai, Shenzhen and north jointly serve the real economy and scientific and technological innovation. Beijing stock exchange has a series of advantages in supporting mechanism innovation, and the current framework also reserves space for future system and market expansion. In the medium and long term, the Beijing stock exchange will increase the proportion of small and medium-sized market value and emerging industrial structure in the capital market, which is conducive to improving the risk appetite of growth stocks; For the pattern of securities companies, the establishment of the Beijing stock exchange will provide opportunities for differentiated competition.
China Securities Network: recently, Qianhai United Fund pointed out that the recent market differentiation is obvious, but the liquidity remains relatively loose. The market driving force focuses on profit growth. It is expected that the market style will be more balanced in the future. Qianhai United Fund said that under the expectation of balanced style, the new energy industry chain is still the core main line, and the upstream and downstream industry chain of new energy under the “double carbon” constraint is still worthy of medium-term layout after adjustment. In the medium and long term, with the improvement of profits of industrial enterprises and the promotion of intelligent manufacturing strategy, the investment in scientific and technological R & D and innovation is expected to continue to increase, and high-end manufacturing, information technology and 5g applications such as Internet of vehicles and artificial intelligence are expected to further open space and enter the left layout period.
brokerage China: following Sinocat Environmental Technology Co.Ltd(688737) , two new shares broke in the first day of listing of A-Shares again, namely Cofoe Medical Technology Co.Ltd(301087) of gem and Hangzhou Kaierda Welding Robot Co.Ltd(688255) of science and innovation board. At the opening bidding stage today, Cofoe Medical Technology Co.Ltd(301087) and Hangzhou Kaierda Welding Robot Co.Ltd(688255) were sold by funds, opening 10.89% and 4.9% lower respectively. They broke at the opening. After the opening, the share prices of the two new shares rebounded. If the winning investors sell at the opening price, the winning investors Cofoe Medical Technology Co.Ltd(301087) and Hangzhou Kaierda Welding Robot Co.Ltd(688255) will lose 5069 yuan and 1492 yuan respectively. Sadly, on the eve of the listing, some investors were optimistic that, with the blessing of the medical concept, Cofoe Medical Technology Co.Ltd(301087) had an issue price of up to 93.09 yuan, had the potential of big meat labels, and the profit of a single label might exceed 100000 yuan. Some analysts told Chinese reporters of securities companies that the recent breaking of new shares on the first day of listing of A-Shares may be related to the new regulations on the quotation of new shares under the registration system. The new regulations have a certain suppression on the group quotation of institutions, resulting in the high price of new shares issued since late September.
subscription of new shares: none
subscription of new bonds: CUHK convertible bonds
IPO: China Resources Chemical Innovative Materials Co.Ltd(301090) , Wayz Intelligent Manufacturing Technology Co.Ltd(688211) , Sichuan Huiyu Pharmaceutical Co.Ltd(688553)
new bond listing: none
company news
360 Security Technology Inc(601360) : has signed the relevant agreement on taking shares in Nezha automobile
Huolinhe Opencut Coal Industry Corporation Limited Of Inner Mongolia(002128) : the securities to be changed are referred to as “power investment energy”
Poly Plastic Masterbatch (Suzhou) Co.Ltd(300905) : plans to acquire 75% equity of Jiangxi Xinzi by means of capital and share increase
Aier Eye Hospital Group Co.Ltd(300015) : the third quarter net profit was 888 million yuan, a year-on-year increase of 2.05%
Henan Liliang Diamond Co.Ltd(301071) : third quarter net profit increased by 193.55% year-on-year
Shanxi Lanhua Sci-Tech Venture Co.Ltd(600123) : third quarter net profit increased by 623.74% year-on-year
Hainan Haide Capital Management Co.Ltd(000567) : net profit in the first three quarters increased by 99.63% year-on-year
Shuangliang Eco-Energy Systems Co.Ltd(600481) : sign a long silicon wafer sales contract, with an estimated total amount of 14.427 billion yuan
L&K Engineering (Suzhou) Co.Ltd(603929) : won the bid for the clean engineering project of RMB 228 million integrated circuit project
Wuxi Shangji Automation Co.Ltd(603185) : sign a long silicon wafer sales contract, with an estimated total amount of 5.009 billion yuan
Cecep Guozhen Environmental Protection Technology Co.Ltd(300388) : Changjiang environmental protection group and other companies plan to reduce their shares by no more than 5.12%
Beijing Roborock Technology Co.Ltd(688169) : the three shareholders plan to reduce their shares by no more than 3% in total
Beyondsoft Corporation(002649) : plan to repurchase shares of RMB 130 million to RMB 260 million
data list
Shanghai and Shenzhen Stock Markets: the Shanghai index closed up 0.76%, the Shenzhen Component Index rose 0.72%, and the gem index rose 1.64%. The securities and military sector rebounded strongly in the afternoon, and electricity, coal, oil and gas and vehicle segments were among the top ones. Energy storage, UHV and fluorine chemical stocks were active, and real estate development, education, furniture and Baijiu were among the top. The turnover of Shanghai and Shenzhen stock markets exceeded 1 trillion yuan for the second consecutive trading day.
Hong Kong stocks: Hong Kong Hang Seng Index rose 0.02%, Hang Seng technology index fell 0.14%, wind power stocks and automobile stocks strengthened, while interior housing stocks and mainland property management stocks fell. Evergrande motor rose more than 11%, and jiazhaoye group fell more than 11%.
Shanghai Shenzhen Hong Kong stock connect: on October 25, the net capital inflow from the North was 894 million yuan, of which the net inflow from Shanghai Stock connect was 1.549 billion yuan and the net outflow from Shenzhen Stock connect was 655 million yuan. Among the top ten traded stocks, Sungrow Power Supply Co.Ltd(300274) , Inner Mongolia Yili Industrial Group Co.Ltd(600887) , Guangzhou Tinci Materials Technology Co.Ltd(002709) were among the top three, with net purchases of 798 million yuan, 740 million yuan and 648 million yuan respectively. The net sales of Gree Electric Appliances Inc.Of Zhuhai(000651) , Kweichow Moutai Co.Ltd(600519) , China Vanke Co.Ltd(000002) ranked among the top three, with net sales of 1.16 billion yuan, 843 million yuan and 630 million yuan respectively.
dragon and tiger list: on October 25, among the stocks on the list, the largest net capital inflow was Gotion High-Tech Co.Ltd(002074) , which was 412 million yuan. The data show that the stock closed within the daily limit, with a turnover rate of 5.74% and a turnover of 3.807 billion yuan. Specifically, Shenzhen Stock connect net bought 127 million yuan. A total of 31 stocks were involved in the institutional participation in the dragon and tiger list, of which 21 were net bought by the institution, Gotion High-Tech Co.Ltd(002074) was the most bought, with a total of 178 million yuan. In addition, 10 shares were sold by institutions, and China Baoan Group Co.Ltd(000009) was sold the most, amounting to 137 million yuan.
margin trading : as of October 22, the balance of two financial transactions in Shanghai and Shenzhen was 1860.976 billion yuan, a decrease of 6.673 billion yuan compared with the previous trading day. Among them, the financing balance was 1698.689 billion yuan, a decrease of 6.058 billion yuan compared with the previous trading day; The balance of securities lending was 162.287 billion yuan, a decrease of 615 million yuan compared with the previous trading day.
Shibor : Shibor reported 1.6100% overnight, down 6.2 basis points; Shibor reported 2.2430% in 7 days, up 18.7 basis points; Three month Shibor reported 2.4380%, up 0.4 basis points.
foreign exchange
On October 25, the central parity rate of RMB against the US dollar rose 108 basis points to 6.3924, compared with 6.4032 in the previous trading day. The onshore RMB closed at 6.3810 against the US dollar, up 93 points from the previous trading day.
property market observation
interface news: Citic Securities Company Limited(600030) the research report points out that the reform direction of the pilot real estate tax policy in the future may include improving the collection and management system, canceling the new and old division policy to broaden the tax base, appropriately adjusting the tax rate, setting the evaluation proportion of real estate market value, the area between the first house exemption and per capita exemption, etc. The pilot work of real estate tax is expected to be promoted by the idea of one-time authorization and batch implementation. The pilot cities will consider the overall layout of national regions, and the list may be published by the end of this year. The collection work is expected to be implemented in batches, and Shanghai, Chongqing, Shenzhen and Hainan are expected to become the first batch of pilot collection areas. If the follow-up national real estate tax legislation and collection work is carried out, assuming that the evaluation proportion of real estate market value is 70%, it is estimated that the national real estate tax revenue range is about 38 billion yuan to 560 billion yuan, which is difficult to replace the land transfer revenue.
surging news: Tianjin Municipal Commission of housing and urban rural development and other three departments jointly issued the notice on clarifying the relevant requirements for the supervision of pre-sale funds of new commercial housing recently. The notice mentioned that if the actual bank balance of the regulatory account is inconsistent with the balance of the regulatory system, commercial banks should actively cooperate with the municipal real estate market service center and the New District Housing construction center to find out the reasons and correct the errors in time.
international information
interface news: according to the national financial operation plan recently announced by the Korean government, the proportion of national debt in GDP is expected to rise from 47.3% this year to 58.8% in 2025, and the scale of national debt will increase from 965.3 trillion won this year to 1408.5 trillion won in 2025. According to this trend, the next government (from 2022 to 2027) is expected to face debts of more than 1500 trillion won (about 9 trillion yuan).
interface news: Singapore’s consumer price index rose for nine consecutive months. The overall consumer price index rose to 2.5% year-on-year in September, higher than the 2.4% increase in August. Excluding private land transportation and accommodation costs, core prices rose by 1.2%, also higher than 1.1% in August. The monetary authority of Singapore and the Ministry of trade and industry said on the 25th that the rise of core inflation was mainly due to the rise of food inflation, and the rise of overall inflation reflected the rise of core and accommodation inflation.
futures market
China Futures: China commodity futures closed with ups and downs. The limit of Apple’s main contracts rose to a new high in the past year, with pigs up more than 6%, EB and starch up more than 3%, corn and cotton yarn up more than 1%, PTA and soybean meal up slightly; Ferrosilicon main contract fell by the limit, soda ash fell by more than 8%, manganese silicon and Zheng coal fell by more than 7%, glass fell by more than 4%, Zheng alcohol and pulp fell by more than 3%, thread and eg fell by more than 1%, and bean II and white sugar fell slightly.
International Futures: the oil price in New York closed flat on the 25th. The price of New York light crude oil futures for December delivery closed at US $83.76 per barrel. The December gold futures price, the most active trading in the gold futures market of the New York Mercantile Exchange, rose $10.5 on the 25th, or 0.58%, to close at $1806.8 an ounce.
overseas index
U.S. stock market: the three major stock indexes of New York stock market rose on the 25th. Among them, the Dow rose 0.18%, the S & P rose 0.47% and the NASDAQ rose 0.90%.
European stock market: London stock market, the financial times 100 stock average price index 25 closed at 7222.82, up 18.27 points or 0.25% from the previous trading day. France Paris Stock Market CAC40 index closed at 6712.87 points, down 20.82 points or 0.31% from the previous trading day; Germany’s Frankfurt Stock Exchange DAX index closed at 15599.23, up 56.25 points or 0.36% from the previous trading day.
Asia Pacific Stock Market: on October 25, the Nikkei 225 index closed down 0.71% to 28600.41 points. South Korea’s Kospi index closed up 14.38 points, or 0.48%, at 3020.54.
