daily collection
e company: the general office of the CPC Central Committee and the general office of the State Council issued the opinions on promoting green development of urban and rural construction, which pointed out that we should improve the market-oriented green technology innovation system for urban and rural construction, cultivate and expand a number of green low-carbon technology innovation enterprises, and give full play to the National Engineering Research Center, national technology innovation center The supporting role of innovation platforms such as national enterprise technology center and State Key Laboratory in green and low-carbon technology. We will strengthen the research on national science and technology plans, systematically arrange a number of R & D projects to support the green development of urban and rural construction, organize and carry out major scientific and technological research, and strengthen the integration and innovation of scientific and technological achievements. Establish a scientific and technological project achievement database and disclosure system, encourage scientific research institutes, enterprises and other subjects to integrate innovation and benefit sharing, and promote the transformation of scientific and technological achievements. Build an international project construction standard system and improve relevant standards.
interface news: the national development and Reform Commission issued the action plan for strict energy efficiency constraints and promoting energy conservation and carbon reduction in key industries of metallurgy and building materials (2021-2025), which proposed to promote the optimization and adjustment of industrial structure. Do a good job in the connection of industrial layout, structural adjustment, energy conservation review and energy consumption dual control policy. Promote the centralized development of iron and steel, electrolytic aluminum, cement, flat glass and other industries, improve the level of intensification and modernization, form economies of scale and reduce energy consumption per unit product. Accelerate the merger and reorganization of iron and steel, electrolytic aluminum, cement, flat glass and other industries. Further optimize the industrial layout, promote the agglomeration development of new steel smelting projects relying on existing production bases, and encourage long process steel mills in conditional areas to develop electric furnace short process steelmaking through local transformation.
e company: Yi Gang, governor of the Central Bank of China, said in a video speech at the meeting of global systemically important financial institutions of 2021 Financial Street Holdings Co.Ltd(000402) forum that the people’s Bank of China is studying and launching carbon emission reduction support tools to provide low-cost funds to qualified financial institutions to support the development of clean energy and strengthen our overall energy supply capacity. In the future, the people’s Bank of China will continue to improve the policy framework for the supervision of China’s systemically important financial institutions and maintain financial stability.
national development and Reform Commission: the recent rapid rise in coal prices has not only greatly pushed up the production costs of downstream industries, but also adversely affected the guarantee of energy supply such as electricity in winter and the warmth of the masses. In accordance with the relevant provisions of the price law, in order to strengthen the supervision of coal market prices and study specific measures to intervene in coal prices, the national development and Reform Commission quickly organized local development and reform commissions, key coal production enterprises, trading enterprises and coal consumption enterprises to carry out special investigations on coal production, circulation costs and prices, so as to understand in detail the costs of coal production enterprises Sales price, coal purchase and sales price of trading enterprises, coal circulation expenses, purchase price of coal consuming enterprises, etc.
macroeconomic
China Securities Network: Xiao Yuanqi, vice chairman of China Banking and Insurance Regulatory Commission, said at the 2021 Financial Street Holdings Co.Ltd(000402) forum annual meeting that with the further release of social demand for pension financial products, the third pillar market has great potential. At present, there are few financial institutions specializing in pension financial business in China. Encourage the professional development of pension financial market subjects, and support the establishment of special pension financial institutions. At the same time, foreign professional pension financial institutions are also welcome to participate in the Chinese market and provide consumers with high-quality products and high-quality pension financial services.
e company: on October 21, the national energy group held a special meeting on supply guarantee. According to the plan of the meeting, the coal industry should ensure the orderly increase and high yield of self-produced coal in the fourth quarter. The production of mines with the conditions for reaching the production capacity should be arranged according to one fourth of the annual production capacity, and the mines without reaching the production capacity should be organized according to the maximization; Do everything possible to broaden coal sources, optimize the purchase and sales mechanism of purchased coal, expand the radius of Xinjiang coal out of the area, increase the introduction of foreign coal and supplement the gap of insufficient resources; Scientifically plan the coal ordering work, sign the long-term Association contract for next year, and maintain market stability. The power industry focuses on thermal power coal storage in winter, hydropower improves the utilization rate of hydropower, and new energy actively participates in green power trading to improve the income level.
e company: the national development and Reform Commission said it would study and establish a docking mechanism for mixed reform and war introduction, so as to build more platforms and channels for social capital to participate in the mixed ownership reform of state-owned enterprises. Focusing on major national strategies, we will carry out incremental mixed reform in the fields of new energy and energy storage facilities. At the same time, we are summarizing the practical experience of mixed reform pilot and general mixed reform, studying and formulating opinions on deepening the implementation of mixed reform of state-owned enterprises, raising the understanding of regularity formed in practice into policies and systems, promoting the continuous deepening of mixed reform of state-owned enterprises, achieving greater effectiveness, and cultivating more mixed ownership enterprises with diversified property rights, modern governance, effective incentives and vitality.
interface news: on October 21, Lian Ping said at the 2021 China chief economist forum and the first Dawan district (Huangpu) economic summit that there was room for the reduction of China’s deposit reserve ratio. In recent years, the growth rate of deposits and loans in China has changed. In the past five or six years, the growth rate of deposits was 8% and the growth rate of loans was 12%. The growth rate of deposits has always failed to keep up with the growth rate of loans, resulting in a high balance deposit loan ratio. The most reasonable way is to reduce the deposit reserve ratio. It is suggested to reduce the deposit reserve ratio by 0.5% in the fourth quarter.
industry dynamics
China Securities Network: the specialization of healthy consumption demand has become a highlight of tmall’s double 11 this year. At 8 p.m. on October 20, the pre-sale of double 11 was opened. This year, consumers began to pay attention to family health and science to “become beautiful”. The first hour of the pre-sale opening period, the middle-aged and elderly medical package and medical mask become the most popular consumer health products. Tmall medical health data show that Tmall double 11 pre-sale opening hours, physical examination category turnover increased 480% compared with the first hour last year, medical mask turnover increased by more than 200% over the same period, color contact lenses, vaccines, maternity rehabilitation tools and other products also welcomed the three digit high growth, becoming a popular choice for consumption.
first finance and Economics: the National Energy Administration released the statistical data of the national power industry from January to September. By the end of September, China’s installed power generation capacity was 2.29 billion kw, a year-on-year increase of 9.4%. Among them, the installed capacity of wind power was about 300 million KW, a year-on-year increase of 32.8%. Cecep Solar Energy Co.Ltd(000591) the installed power generation capacity was about 280 million KW, a year-on-year increase of 24.6%. From January to September, the cumulative average utilization of power generation equipment in China was 2880 hours, an increase of 113 hours over the same period last year. Among them, 5842 hours of nuclear power, an increase of 321 hours over the same period last year; 1640 hours of wind power, an increase of 91 hours over the same period last year.
financial Associated Press: Wang Chaodi, chief inspector, director of the general office and spokesman of the cbcirc, said that this year is the last year of the transition period of the new asset management regulations. From the preliminary investigation, it is expected that most banking financial institutions can complete the rectification task as scheduled by the end of this year. The remaining small amount of assets of individual banks that are difficult to dispose of shall be included in the special disposal of individual cases in accordance with relevant regulations until all assets are cleared. At present, these stock assets that have not been rectified are mainly invested in non standardized bonds, capital supplement tools and equity of unlisted enterprises, which generally show the characteristics of long term and poor liquidity.
China Central Television finance and Economics: since this year, due to the rising cost of raw materials and the tense relationship between supply and demand, the prices of various phosphorus chemical products have risen rapidly. Yellow phosphorus and phosphoric acid are important raw materials for lithium iron phosphate batteries. Due to power and production restrictions in Yunnan and other regions, the price of yellow phosphorus rose from about 20000 yuan per ton in July to 56000 yuan per ton in early October; The price of phosphoric acid also rose from about 7000 yuan per ton in July to 18000 yuan per ton in early October, with an increase of 280% during the year. It is understood that the planting area of crops has expanded this year, the demand for chemical fertilizer has increased, and the demand for phosphorus chemical products has increased rapidly. At present, the supply is in short supply. Since this year, the demand of phosphorus chemical industry chain is strong, and the upstream phosphorus ore resources are in short supply. As the demand and price of phosphorus chemical products continue to rise, the performance of phosphorus chemical enterprises this year also ushered in an explosion.
stock market focus
first finance and Economics: at the 2021 Financial Street Holdings Co.Ltd(000402) forum annual meeting, Wang Li, deputy general manager of the national stock transfer company and deputy general manager of Beijing stock exchange, said that at present, various preparations for the Beijing stock exchange are being promoted in accordance with the unified deployment of the CSRC, and the relevant work is advancing in an orderly manner. For example, the pre opening of accounts by investors is progressing steadily, and the system transformation test is carried out as scheduled.
interface news: the central bank released the operation of the financial market in September 2021. The data showed that at the end of September, the Shanghai stock index closed at 3568.2 points, up 24.23 points or 0.7% compared with the end of last month; The Shenzhen Component Index closed at 14309.0, down 19.9 points or 0.1% from the end of last month. In September, the average daily trading volume of Shanghai Stock Exchange was 646.65 billion yuan, an increase of 11.7% month on month; The average daily trading volume in Shenzhen was 724.51 billion yuan, a decrease of 4.0% month on month.
China business: China business recently had an exclusive interview with Xie Zhengbing, former head of Asia Pacific Research Department of MSCI, director of A-share investment and head of business strategy and development of Jingshun, a large US asset management institution. According to his communication with global customers in recent months, international investors believe that a series of policies are a “regulatory catch-up”, The trend is similar to that of western developed countries, but the rhythm is different. Xie Zhengbing said that compared with the early years, more foreign capital only obtained China exposure from the offshore market, and now A-Shares have attracted more and more attention. At present, the composition of A-Shares in MSCI China index is only 20%, which is still dominated by Hong Kong stocks and ADR (medium concept stocks listed in the United States). In the future, institutions will look at the whole China configuration more balanced, and the proportion of A-Shares may gradually rise to 45% ~ 50%. From the perspective of global market allocation, US stocks account for more than 50% and A-Shares only 5%, which can not reflect the volume of the two economies.
e company: Mango Excellent Media Co.Ltd(300413) announced on the evening of October 21 that the shareholder Hangzhou Ali Venture Capital Co., Ltd. (hereinafter referred to as “Ali venture capital”) and Hunan Caixin Jingguo equity investment partnership (limited partnership) (hereinafter referred to as “Caixin Jingguo”) had signed the share purchase agreement on October 20, It was agreed that Ali Chuang investment transferred 93.65 million shares of the company held by it to Caixin Jingguo agreement, accounting for 5.01% of the total share capital of the company. After the transaction is completed, Ali venture capital no longer holds shares in the company. The share transfer price is 47.56 yuan / share, and the total share transfer price is 4.454 billion yuan.
subscription of new shares: none
new debt subscription: none
IPO: Sinocat Environmental Technology Co.Ltd(688737)
new bond listing: none
company news
Wolong Electric Group Co.Ltd(600580) : holding subsidiary will provide new energy vehicle motors and spare parts for Xiaopeng automobile
Zhejiang Hangke Technology Incorporated Company(688006) : it is proposed to invest 1.337 billion yuan in the intelligent manufacturing construction project of lithium ion battery charging and discharging equipment
Shede Spirits Co.Ltd(600702) : the net profit in the third quarter was 234 million yuan, a year-on-year increase of 59.65%
Shenzhen Kangtai Biological Products Co.Ltd(300601) : the net profit in the third quarter was 700 million yuan, a year-on-year increase of 303.21%
Yanzhou Coal Mining Company Limited(600188) : it is estimated that the net profit in the first three quarters is about 11.5 billion yuan, with a year-on-year increase of 64.78%
Jianmin Pharmaceutical Group Co.Ltd(600976) : net profit in the first three quarters increased by 104.36% year-on-year
Maxscend Microelectronics Company Limited(300782) : the third quarter net profit was 513 million yuan, a year-on-year increase of 40.65%
Hefei Urban Construction Development Co.Ltd(002208) : signed a strategic cooperation framework agreement with Hefei rail transit group
Shanghai Pudong Construction Co.Ltd(600284) : subsidiary won the bid for major engineering projects with a total of 980 million yuan
Whirlpool (China) Co.Ltd(600983) : the controlling shareholder intends to continue to increase its holdings of 1% – 5% of the company’s shares within 12 months
Guangzhou Jet Bio-Filtration Co.Ltd(688026) : shareholders Haihui wealth and Li Zhiming plan to reduce their holdings by no more than 7.16%
Foran Energy Group Co.Ltd(002911) : the proposed public offering of convertible bonds will raise no more than 1 billion yuan
Cangzhou Mingzhu Plastic Co.Ltd(002108) : it is proposed to raise no more than 1.375 billion yuan for the high barrier nylon film project
Guangdong Electric Power Development Co.Ltd(000539) : the on grid price of Huizhou LNG phase II natural gas generator unit is increased by 0.05 yuan / kWh
data list
Shanghai and Shenzhen Stock Markets: on October 21, the three major indexes opened slightly higher, the Shanghai index maintained a strong shock trend, the Shenzhen Component Index and the gem index were weak, the insurance, banking, brokerage and other large financial sectors strengthened collectively, and concept stocks such as phosphorus chemical industry, cultivation diamond and rare earth permanent magnet jumped. As of the close, the Shanghai index rose 0.22%, the Shenzhen composite index fell 0.05% and the gem index fell 0.17%. On the disk, insurance, coal, household appliances and other sectors led the increase; Semiconductors, industrial motherboards and other sectors led the decline. The net purchase of BEIXIANG funds was 10.154 billion yuan.
Hong Kong stocks: Hang Seng Index fell 0.45%, and Hang Seng technology index closed down 0.82%. Evergrande stocks fell, with China Evergrande falling more than 12% and Evergrande property falling more than 7%. Domestic insurance stocks, domestic housing stocks and coal stocks rose, Ping An Insurance (Group) Company Of China Ltd(601318) rose more than 7%, and rongchuang China rose more than 10%.
Shanghai Shenzhen Hong Kong stock connect: on October 21, the net inflow of funds from the North was 10.154 billion yuan, including 5.708 billion yuan from Shanghai Stock connect and 4.446 billion yuan from Shenzhen Stock connect. Among the top ten traded stocks, Ping An Insurance (Group) Company Of China Ltd(601318) , China Merchants Bank Co.Ltd(600036) , Ganfeng Lithium Co.Ltd(002460) purchases ranked among the top three, with net purchases of 1.02 billion yuan, 670 million yuan and 549 million yuan respectively. The net sales of China Vanke Co.Ltd(000002) , Longi Green Energy Technology Co.Ltd(601012) , Jiangsu Hengrui Medicine Co.Ltd(600276) ranked among the top three, with net sales of 491 million yuan, 335 million yuan and 247 million yuan respectively.
dragon tiger list: on October 21, among the stocks on the list, the largest net capital inflow was Phenix Optical Company Limited(600071) , with a net inflow of 309 million yuan on the 3rd. Data show that the stock continued to rise within the day and has recorded 11 consecutive boards. Specifically, Huaxin Suzhou zongguantang road bought 196 million yuan on the 3rd. A total of 33 stocks were involved in the institutional participation in the dragon and tiger list, of which 16 were net bought by the institution, Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) was the most bought, with a total of 201 million yuan. In addition, 17 shares were sold by institutions, and Starpower Semiconductor Ltd(603290) was sold the most, amounting to 291 million yuan.
margin trading : as of October 20, the balance of two financial transactions in Shanghai and Shenzhen was 1868.339 billion yuan, an increase of 4.912 billion yuan over the previous trading day. Among them, the financing balance was 1704.684 billion yuan, an increase of 4.883 billion yuan over the previous trading day; The balance of securities lending was 163.655 billion yuan, an increase of 29 million yuan over the previous trading day.
Shibor : Shibor reported 1.6830% overnight, down 42.10 basis points; Seven days Shibor reported 2.0550%, down 16.60 basis points; Three month Shibor reported 2.4320%, up 0.10 basis points.
foreign exchange
On October 21, the central parity rate of RMB against the US dollar rose 179 basis points to 6.3890, compared with 6.4069 in the previous trading day. The onshore RMB closed at 6.3988 against the US dollar, down 52 basis points from the previous trading day.
property market observation
financial Associated Press: on the 21st, Liu Zhongrui, head of the statistical information and risk monitoring department of the China Banking and Insurance Regulatory Commission, said at a press conference held by the state information office that we should urge banks to implement the regulatory requirements for real estate development loans and individual housing loans, cooperate with the people’s Bank of China to implement the real estate loan concentration management system, and the growth rate of real estate loans slowed down steadily. “Guarantee the credit demand of just needed groups.” Liu Zhongrui stressed the need to support first home buyers in terms of loan down payment ratio and interest rate. At present, more than 90% of bank personal housing loans are first home loans.
first finance and Economics: since October, the market temperature has been quietly changing at the mortgage interest rate side, which greatly reflects the credit environment. According to the latest monitoring data of Shell Research Institute, the interest rate of the first set of mainstream housing loans in 90 cities in October was 5.73%, and the interest rate of the second set was 5.99%, both of which were 1 basis point lower than that of the previous month. The correction of mortgage interest rate in October was the first month on month decline in the year. The Institute believes that the small changes at the end of the market represent the improvement of the credit environment. Since the end of September, the central bank has released positive signals for many times. It is expected that the delivery of housing credit in the fourth quarter will return to “stable and orderly”.
international information
China Central Television News: Shu jueting, spokesman of the Ministry of Commerce, said: for the US side’s previous statement that it will start a targeted tariff exclusion procedure and does not rule out the subsequent expansion of the scope of the tariff exclusion list. Shu jueteng said: China welcomes the relevant US measures. China has always believed that the abolition of tariffs is in the fundamental interests of consumers and producers in China and the United States and is conducive to the recovery of the world economy.
interface news: Alok Kumar, a senior official of the Indian Ministry of electricity, said on Thursday that India is considering maintaining strategic reserves of natural gas and imported coal to cope with future supply shocks. The country is coping with a serious coal shortage. Recently, the surge in electricity demand in India and the rise in global coal prices have led to a decline in imports, resulting in supply problems and frequent power outages.
financial associated press : rohitesh dhawan, President of the International Council for mining and metals (ICMM), said at the 2021 China International Mining Conference today that the world is moving towards achieving net zero carbon emissions in 2050, and a series of metals and minerals including lithium, cobalt, copper, aluminum and zinc are very important for future decarbonization technology. According to the estimation of the world bank, the demand for key minerals will increase by 500% in the next 30 years, while the demand for lithium and cobalt will increase by 40 times as much as the current level.
futures market
China Futures: on October 21, China’s commodity futures closed. The black series fell sharply, coke, coking coal, thermal coal, screw thread and glass fell by the limit, iron ore fell by more than 9%, PVC and methanol fell by more than 7%, hot coil and ethylene glycol fell by more than 6%, manganese silicon, urea and Shanghai aluminum fell by more than 2%.
International Futures: on Thursday, US Eastern time, the international gold price fell slightly. As of the close, the December gold futures price, the most actively traded in the gold futures market of the New York Mercantile Exchange, fell $3 on the 21st compared with the previous trading day to close at $1781.9 an ounce, down 0.17%. International oil prices fell, and both US oil and cloth oil fell by more than 1%. As of the closing of the day, the futures price of light crude oil for December delivery on the New York Mercantile Exchange fell by US $0.92 to US $82.50 a barrel, down 1.10%; London Brent crude oil futures for December delivery fell US $1.21, or 1.41%, to US $84.61 a barrel.
overseas index
U.S. stock market: on Thursday, Eastern time, U.S. stocks closed mixed, with the S & P 500 index up 0.3%, a record high. As of the close, the Dow Jones index fell 6.26 points, or 0.02%, to 35603.08; The NASDAQ index rose 94.02 points, or 0.62%, to 15215.70 points; The S & P 500 index rose 13.59 points, or 0.30%, to 4549.78.
European stock markets: European time on Thursday, European stock markets collectively closed lower, and the German DAX index fell 0.32%. As of the closing, the financial times average price index of 100 stocks in London stock market closed at 7190.30, down 32.80 points or 0.45% from the previous trading day; France Paris Stock Market CAC40 index closed at 6686.17, down 19.44 points or 0.29% from the previous trading day; Germany’s Frankfurt DAX index closed at 15472.56, down 50.36 points or 0.32% from the previous trading day.
Asia Pacific stock markets: on October 21, the Nikkei 225 index fell 1.87% to 28708.58. South Korea’s Kospi index closed down 5.80 points, or 0.19%, at 3007.33.
