Double financing balance
As of December 14, the balance of the two financial institutions of Shanghai Stock Exchange was reported as 992.36 billion yuan, an increase of 606 million yuan over the previous trading day; The two financial balances of Shenzhen Stock Exchange reported 856.034 billion yuan, an increase of 325 million yuan over the previous trading day; The two cities totaled 1848.395 billion yuan, an increase of 931 million yuan over the previous trading day.
Latest views
On Tuesday, the stock indexes of A-Shares and the two cities underwent shock consolidation. As of the close, the Shanghai index fell 0.53%, the Shenzhen Component Index rose or fell 0.50%, the gem index fell 0.05%, the Shanghai and Shenzhen 300 fell 0.67%, the Shanghai 50 fell 0.46%, and the China Securities 500 fell 0.39%. The number of gainers in the two cities was 2470, higher than the average value of 2285 last week and higher than 2258 in the previous trading day. The limit was 105, higher than the average value of 93 last week and 86 the previous trading day. The net purchase of northbound funds was RMB 6.026 billion, the average value of last week was RMB 3.023 billion, and the net purchase of the previous trading day was RMB 5.366 billion. The turnover of the two cities was 1142.6 billion yuan, breaking trillion yuan for the 37th consecutive trading day. A-Shares were slightly adjusted, and northbound funds continued to maintain net buying, but the buying scale was reduced. From the perspective of the market, the Shanghai stock index has adjusted for two consecutive trading days, but we think it belongs to the strong consolidation below the 3700 level, in order to repeatedly digest the short-term pressure. The recovery of social finance data in November means that the market has entered the stage of stabilizing credit. The continuous inflow of funds going north and the trillion transaction scale for 37 consecutive trading days. The combination of loose micro liquidity of A-Shares and macro stabilizing credit will not end the trend of a shares. For investors, seize the opportunity of adjustment and low absorption.
Topic tracking
Focus today: digital currency, wind power and NFT concepts
1. Digital currency theme: on December 9, Mu Changchun, director of the digital currency Research Institute of the central bank, said at the “seminar on the status and Prospect of Hong Kong as an international financial center” that the digital currency Research Institute of the central bank and the Hong Kong Monetary Authority had carried out a series of cooperation to jointly explore the feasibility of the central bank’s digital currency in improving cross-border payments. On November 26, the State Council issued the opinions on supporting the high-quality development of Beijing Urban sub center, which stressed that it supported the innovation and development of financial science and technology, accelerated the pilot of legal digital currency, did a good job in the implementation of financial science and technology innovation supervision tools, supported large banks and other large banks to establish digital RMB operating entities according to law, and supported qualified banks to participate in the pilot of direct banking, Explore the construction of digital asset trading venues. With the gradual consensus of blockchain technology in the whole society and the increasingly rich industrial ecology, the establishment of digital asset exchange and the promotion of digital currency will improve the multi-level capital market. Suggestions: Qitian Technology Group Co.Ltd(300061) (300061), Trust Alliance Information Development Inc.Ltd.Shanghai(300469) (300469)
2. Wind power equipment: Xi Jinping the general secretary presided over the 22nd Meeting of the central comprehensive Deepening Reform Commission on the afternoon of November 24. The meeting stressed that we should orderly promote the participation of new energy in market transactions, promote the formation of a virtuous circle of science and technology, industry and finance, and accelerate the transformation and application of scientific and technological achievements. As a new and renewable energy, wind power has developed rapidly in the context of double carbon. At present, it has grown from supplementary energy to one of the main energy. According to the data of the national energy administration, from January to September 2021, 16.43gw of new grid connected installed capacity of wind power was added in China. At the same time, the rapid decline of wind turbine price further stimulated the development demand of wind farms, and the market space was broad. Suggestions: Hewang electric (603063), Jinlei Technology Co.Ltd(300443) (300443)
3. NFT concept: since this year, NFT’s international market has been active, and its sales increased to US $2.5 billion in the first half of the year. Non-homogeneous token (NFT) is an encrypted digital proof of interest based on blockchain technology that cannot be copied, tampered with or divided. NFT relies on blockchain technology to ensure the uniqueness, authenticity and permanence of digital assets, enhance their liquidity, effectively solve the problem of ownership confirmation of online assets and solve the pain points of copyright protection. NFT application scenarios focus on three areas: digital collections, game assets and metaverse. The recent popularity of the concept of meta universe also has a certain catalytic effect on it. It is suggested to pay attention to: Col Digital Publishing Group Co.Ltd(300364) (300364), Inmyshow Digital Technology (Group) Co.Ltd(600556) (600556).
Risk statement
The epidemic has not been effectively controlled, the macro economy has unexpectedly declined, the liquidity crunch has intensified, and the industrial policies are lower than expected.
