Key investment points:
The national development and Reform Commission and other four departments issued relevant documents to promote the green and high-quality development of new infrastructure. On December 8, the national development and Reform Commission and other four departments issued the implementation plan for implementing the goal of carbon peak and carbon neutralization and promoting the green and high-quality development of new infrastructure such as data center and 5g, which proposed that by 2025, the data center and 5g will basically form a green and intensive integrated operation pattern. Based on the green and high-quality development of data center and 5g, comprehensively support the digital transformation and upgrading of various industries, especially traditional high energy consuming industries, help achieve the overall goal of carbon peak, and lay a solid foundation for carbon neutralization. Encourage the use of wind energy, Cecep Solar Energy Co.Ltd(000591) and other renewable energy, improve the use level of green power in the data center through self built special lines or bilateral transactions, and promote the nearby consumption of renewable energy; Combine new technologies such as energy storage and hydrogen energy to increase the proportion of renewable energy in the energy supply of the data center.
Overall, the scheme combines the new infrastructure represented by data center and 5g with the dual carbon strategy for the first time. The strategy is mainly divided into two aspects: on the one hand, the carbon reduction of the new infrastructure itself; on the other hand, the new infrastructure improves the use efficiency of new energy through the application of digital technology. Judging from the setting tone of the Politburo meeting, a positive fiscal policy may be launched next year. In addition to consumption, domestic demand will actively expand effective investment, which may be mainly reflected in the new infrastructure. Overall, the introduction of the scheme is conducive to the transformation and upgrading of data center and 5g industry to low energy consumption.
British Prime Minister announced the launch of anti epidemic “plan B”
On December 8 local time, the number of cases infected with Omicron mutant in the UK increased to 568. That evening, British Prime Minister Johnson held a press conference and announced the launch of epidemic prevention “plan B” measures such as working at home and mandatory wearing masks. Johnson said the full details of the Omicron variant are still unknown, but it is clear that it is spreading rapidly. The number of real cases infected with the Omicron variant in the UK is much higher than the confirmed cases. Now is the appropriate time to start the “plan B”. Johnson said the first step is to reintroduce work at home guidance to slow the spread of the virus by reducing exposure in the workplace. The guidance on working from home will be implemented from next Monday (13th). From this Friday (10th), the compulsory wearing of masks will be extended to most public places, including theaters and cinemas.
There are still many uncertainties about the impact of Omicron mutant virus, which may disturb the stability of the global supply chain or improve the duration of China’s export toughness to a certain extent. The financing balance decreased. On December 7, the balance of A-share financing was 1719.591 billion yuan, a month on month decrease of 2.963 billion yuan; The balance of margin trading was 1837.35 billion yuan, a decrease of 4.347 billion yuan month on month. The balance of financing minus securities lending was 1601.832 billion yuan, a month on month decrease of 1.58 billion yuan.
Net inflow of land stock connect and Hong Kong stock connect. On December 8, the net purchase transaction of land stock connect on that day was 9.685 billion yuan, including 60.730 billion yuan of purchase transaction and 51.045 billion yuan of sales transaction, with a cumulative net purchase transaction of 157.8859 billion yuan. Hong Kong stock connect had a net purchase transaction of HK $2.460 billion on the same day, including a purchase transaction of HK $13.055 billion and a sale transaction of HK $10.595 billion, with a cumulative net purchase transaction of HK $2150.628 billion.
Money market interest rates rose. On December 8, Bank Of Shanghai Co.Ltd(601229) inter-bank offered rate Shibor overnight interest rate was 2.1510%, up 2.10bp, Shibor weekly interest rate was 2.2020%, up 4.30bp. The weighted interest rate of pledged repo of depository institutions was 2.1302% overnight, up 31.47bp and 2.1519% a week, up 6.31bp. The 10-year yield to maturity of China national debt was 2.8451%, up 2.75bp.
US stocks rose while European stocks fell. On December 8, the Dow Jones Industrial Average closed at 35754.75 points, up 0.10%; The S & P 500 index closed at 4701.21 points, up 0.31%; The NASDAQ index closed at 15786.99, up 0.64%. European stock markets, French CAC index closed at 7014.57 points, down 0.72%; The German DAX index closed at 15687.09, down 0.80%; The FTSE 100 index closed at 7337.35, down 0.03%. In the Asia Pacific market, the Nikkei index closed at 28860.62 points, up 1.42%; Hang Seng Index closed at 23996.87 points, up 0.06%.
The dollar index fell. On December 8, the dollar index fell 0.36% to 95.9604. The euro rose 0.67% against the dollar to 1.1343. The dollar rose 0.11% against the yen to 113.6900. Sterling fell 0.29% against the dollar to 1.3204. The spot exchange rate of RMB against the US dollar closed at 6.3535, up 0.22%. The spot exchange rate of offshore RMB against the US dollar closed at 6.3458, up 0.28%. The central parity rate of RMB against the US dollar closed at 6.3677, up 0.10%.
Gold fell, crude oil rose and copper rose. On December 8, Comex gold futures fell 0.04% to close at US $1784.10/oz. WTI crude oil futures rose 1.28% to close at US $72.65/barrel. Brent crude oil futures rose 0.80% to close at US $75.93/barrel. COMEX copper futures rose 0.90% to close at US $4.3800/lb. LME copper three-month futures rose 1.07% to close at US $9653 / ton.
