Follow up comments
On December 1, 2021, the Shanghai Composite Index closed at 3576.89 points, up 0.36%; The Shenzhen Component Index closed at 14794.25 points, down 0.01%. The Chongqing composite index, which we focus on, closed at 3963.06 points, up 0.12%; Sichuan composite index closed at 9845.83 points, up 0.93%. The top three stocks of Listed Companies in Sichuan and Chongqing are: Chengdu Information Technology Of Chinese Academy Of Sciences Co.Ltd(300678) (300678, 19.99%), Gifore Agricultural Science & Technology Service Co.Ltd(300022) (300022, 19.95%), Houpu Clean Energy Co.Ltd(300471) (300471, 10.75%).
The 42 companies we focused on rose by 0.47% on average, among which the top three stocks were: Chengdu Shenleng Liquefaction Plant Co.Ltd(300540) (300540, 4.64%), Sichuan Haite High-Tech Co.Ltd(002023) (002023, 4.08%) and Sichuan Tianyi Comheart Telecom Co.Ltd(300504) (300504, 3.74%). By industry, the top three sectors in Sichuan and Chongqing were light manufacturing (+ 5.93%), commercial trade (+ 5.19%) and transportation (+ 3.67%).
On December 1, the “14th five year plan” for the development and reform of financial industry in Sichuan Province was officially issued, proposing to basically build a strong financial province by 2025, with the added value of the financial industry in the province accounting for about 7.3% of the regional GDP, and basically form a new pattern of financial industry development with rich financial formats, optimized industrial layout, efficient resource allocation, in-depth opening and cooperation and superior ecological environment, Initially built on one belt, one road is located in the west, the other is Chengdu and Australia, and the other is East Asia and Southeast Asia, and South Asia. In terms of specific measures, we will develop science and technology finance, strengthen policy support for science and technology financing, encourage direct financing and increase the supply of financial products; Develop rural finance, improve system construction, enrich product supply and optimize financial infrastructure; Develop green finance, improve the system, promote the construction of product and service system, and develop credit support for promoting the green and low-carbon transformation of industry. The introduction of the plan will further promote the development of Sichuan’s financial industry, promote a virtuous circle of funds between finance and real industries, and help the development of real economy in Sichuan.
Industry highlights
1. In order to improve regional environmental quality, standardize the management of heavy metal pollutant emission indicators of key heavy metal industries, and strictly control the emission of new heavy metal pollutants, The Department of ecological environment of Sichuan Province has issued the measures for the management of heavy metal pollutant emission indicators in key industries of Sichuan Province (for Trial Implementation), making every effort to fight the tough battle of heavy metal pollution prevention and control in the new stage, so as to ensure the smooth completion of the target of heavy metal emission reduction in the 14th five year plan. (China News Network)
2. Chongqing has made good progress in deepening the innovation and development of service trade. The data show that 160 pilot projects have been implemented in the past year, and 111 pilot tasks have been implemented, with an implementation rate of nearly 70%. From January to October this year, the city’s offshore service outsourcing implementation amounted to US $1.435 billion, a year-on-year increase of 51.4%. In the next step, we will continue to carry out reform and innovation exploration, and actively strive for tasks such as data exit security assessment pilot and digital RMB pilot; Promote Singapore International Arbitration Center and Hong Kong International Arbitration Center to set up branches in Chongqing, and strive to exceed 100 billion yuan in total trade in services by 2023. (China News Network)
Company dynamics
Chengdu Haoneng Technology Co.Ltd(603809) (603809): Announcement on the proposed participation in the capital and share increase project of Sichuan Aerospace Shenkun Technology Co., Ltd. The company plans to use its own funds of no more than 90 million yuan to participate in the capital and share increase project of aerospace Shenkun through public delisting in Beijing Equity Exchange, and subscribe for 34% of its equity after capital and share increase.
C.Q.Pharmaceutical Holding Co.Ltd(000950) (000950): issue the announcement on the completion of the implementation of share reduction by shareholders.
Risk tips: economic recovery is lower than expected, covid-19 outbreak risk, raw material price fluctuation risk.
