daily selection
Xinhua News Agency: the Political Bureau of the CPC Central Committee held a meeting on February 25. The meeting stressed the need to strengthen the centralized and unified leadership of the CPC Central Committee over financial work and unswervingly take the road of financial development with Chinese characteristics. We should strengthen the prevention and control of financial risks and resolutely safeguard the overall situation of financial stability. We should strengthen the atmosphere of comprehensively and strictly administering the party, implement the “two responsibilities”, strengthen the supervision of the “top leaders” and the leading group, and carry out special rectification on typical common problems such as violating the spirit of the eight provisions of the Central Committee and the “revolving door” of politics and business, so as to promote the integrated promotion of not daring to corrupt, not wanting to corrupt and not wanting to corrupt. We should innovate and improve the power supervision system and the discipline and law enforcement system, so that the punishment of corruption in the financial field and the disposal of financial risks can be promoted at the same time, the serious accountability and the recovery of stolen goods and losses can be promoted at the same time, and the establishment and strengthening of systems can be promoted at the same time. [details]
CSRC: China Securities Regulatory Commission held the 2022 institutional supervision meeting: at present, the capital market is in a critical period of development, and promoting institutional functions and strengthening industrial risk prevention and control are important links in institutional supervision. We should take the full implementation of the stock issuance registration system as an opportunity, deepen the reform of the investment side as the starting point, focus on improving risk management, persevere in various key tasks, and further promote the high-quality development of the securities fund industry. [details]
brokerage China: A shares ushered in another historic moment. China Clearing announced on the 25th that since the breakthrough of 150 million in March 2019, the number of A-share investors has been growing, reaching 200087 million by February 25, 2022. This means that the number of A-share investors has officially exceeded the 200 million mark. [details]
macro economy
CBRC: since March 1, 2022, the pilot scope of pension financial products has been expanded from “four places and four institutions” to “ten places and ten institutions”. The pilot areas were expanded to “Beijing, Shenyang, Changchun, Shanghai, Wuhan, Guangzhou, Chongqing, Chengdu, Qingdao and Shenzhen”. Pilot institutions expanded to “ICBC Wealth Management Co., Ltd., CCB Wealth Management Co., Ltd., BOCOM Wealth Management Co., Ltd., Bank of China Wealth Management Co., Ltd., Agricultural Bank of China Wealth Management Co., Ltd., China Post Wealth Management Co., Ltd., Everbright Wealth Management Co., Ltd., China Merchants Bank Wealth Management Co., Ltd., Xingyin Wealth Management Co., Ltd. and Xinyin Wealth Management Co., Ltd.” Ten wealth management companies. [details]
China Central Television news client: the Ministry of agriculture and rural areas released on the 26th that at present, with the temperature rising, southern winter vegetables began to withdraw from the market, the number of protected vegetables in the north and fresh vegetables in the south in season increased, and the total amount of vegetables in the country was sufficient. The latest scheduling shows that the cumulative number of vegetables on the market in the national key vegetable wholesale market last winter and this spring increased by 1.3% year-on-year. At present, the field area of Chinese vegetables is still more than 80 million mu, an increase of more than 2 million mu year-on-year. [details]
CCTV news client: on February 27, the Ministry of Commerce and Chongqing Municipal People’s government signed a ministerial and municipal cooperation agreement in Chongqing. The Ministry of Commerce will further promote the construction of a high-level inland economic development (open) and international trade center in accordance with the agreement, and will further promote the construction of a pilot project of Chongqing to build a high-level, open-minded (open) and comprehensive commerce center in accordance with the content of the agreement Chongqing has been actively supported in 12 aspects, including high-quality development of exhibition economy, strengthening investment promotion cooperation at the ministerial and municipal levels, construction of business talent team, promotion of Rural Revitalization and use of special funds of the central government. [details]
China News Network: according to the data released by the Ministry of industry and information technology on the 27th, the national output of lithium-ion batteries was 324gwh in 2021, an increase of 106% year-on-year. According to the data, in 2021, the national output of lithium-ion batteries was 324gwh, with a year-on-year increase of 106%, of which the output of consumption, power and energy storage lithium batteries were 72gwh, 220gwh and 32gwh, with a year-on-year increase of 18%, 165% and 146% respectively. The output of the four key materials of lithium battery has increased rapidly. According to the calculation of research institutions, the increase of cathode material, diaphragm and electrolyte is close to 100%. The total output value of lithium battery industry exceeded 600 billion yuan. [details]
industry trends
Securities Times: on February 24, China Rare Earth Group Co., Ltd. held a special meeting on rare earth resources guarantee, focusing on ensuring the safety of supply chain and industrial chain, promoting the orderly development of resources and green production of the group. [details]
China Securities News: on February 25, the reporter learned from the source that Byd Company Limited(002594) chose Baidu as its intelligent driving supplier. Baidu provides Byd Company Limited(002594) with ANP intelligent driving products and man-machine driving map Integrating Transportation and parking. It is reported that Baidu Zhijia team has entered the site in advance to cooperate with Byd Company Limited(002594) for development, and will soon realize mass production of cooperative models. [details]
China Securities News: recently, Chongqing police cracked a huge case of selling fake liquor. More than 800 bottles of fake Maotai brand liquor products and more than 3000 kilograms of base liquor to be filled were found on the scene, and the amount involved was preliminarily estimated to be 100 million yuan. According to the suspect’s account, the gang has produced and sold more than 20 thousand bottles of Moutai brand liquor. [details]
Securities Times: on the evening of February 25, Zhejiang Huatong Meat Products Co.Ltd(002840) issued an announcement on the revision of the performance forecast. After the revision of the net profit in 2021, the company suffered a loss of 170 million yuan to 230 million yuan, and had a pre profit of 10 million yuan to 15 million yuan. Some institutions predict that in the short term, pork prices may bottom again in the first half of 2022, and in the medium term, pork prices will probably rise in the second half of 2022. [details]
stock market focus
Securities Times: Citic Securities Company Limited(600030) research report said that the high point of geopolitical risk impact may have passed, and the risk disturbance is mainly reflected in the emotional level. March will enter the preliminary effect observation period of stable growth policy, and it is expected that the follow-up policies will continue to increase and enter the concentrated development period. The “three bottoms” of A-Shares have been confirmed in turn. It is suggested to maintain a high position and stick to the main line of stable growth, Adhere to the balanced allocation of the two dimensions of industry and style, and focus on the layout of “two low positions”.
[details]
China Fund News: since the outbreak of covid-19 in 2020, many industries including catering, hotel, tourism, transportation, performing arts and so on have suffered heavy setbacks. At present, two or three years later, it seems that the “darkest moment” of such industries has passed, and many sectors have performed. Relevant researchers said that the affected sector of the epidemic is interpreting the market expectation of gradual mitigation of the epidemic and gradual recovery of the service industry. Therefore, it has some performance and may become a main layout line in 2022. However, there is still uncertainty about the recurrence of the epidemic, and investors should pay attention to risks when taking advantage of the layout of relevant funds. [details]
China Fund News: recently, “counting East and counting West” has become popular. While becoming a hot word, the concept stocks of “counting East and counting West” also set off a wave of trading. It is reported that the “number” in the “East number West calculation” refers to data, and the “calculation” refers to computational power. Generally speaking, that is, the data from eastern China are orderly transmitted to the West for calculation and processing. Many public funders believe that “counting from the east to the west” contains long-term investment opportunities, which will benefit the industrial chain of the data center and effectively drive the upstream and downstream investment of the industry. [details]
brokerage China: february 25, the CSRC issued the guidance on improving the post delisting supervision of listed companies (Draft for comments), optimized and improved the blocking points and risk points existing in the current practice, and promoted the formation of a set of institutional arrangements in line with the functional positioning of the delisting sector and suitable for the characteristics of delisting companies. [details]
subscription of new shares: Salem biology, Zhejiang HENGWEI and lux
new bond subscription: none
IPO: Hongxi technology, Hongying intelligent, Han numerical control
new bond listing: none
company news
Jiangsu Seagull Cooling Tower Co.Ltd(603269) : shareholder Jin AODA plans to reduce his shareholding by no more than 4.12%
Hongta Securities Co.Ltd(601236) : cloud Investment Group plans to reduce its shares by no more than 4%
Guangdong Tonze Electric Co.Ltd(002759) : controlling shareholders and persons acting in concert intend to reduce their shares by no more than 4%
Wanbangde Pharmaceutical Holding Group Co.Ltd(002082) : shareholders intend to reduce their shares of the company by no more than 3%
Tibet Weixinkang Medicine Co.Ltd(603676) : shares of Tokyo Tibet Weixinkang Medicine Co.Ltd(603676) partnership intends to reduce its holdings by no more than 3%
Yihua Healthcare Co.Ltd(000150) : controlling shareholders and actual controllers intend to passively reduce their holdings of no more than 2.68% of the company’s shares
Zhejiang Huatong Meat Products Co.Ltd(002840) : downward revision of the expected performance loss of 170230 million yuan in 2021.
Wanhua Chemical Group Co.Ltd(600309) :
Sinomine Resource Group Co.Ltd(002738) : it is proposed to invest 1 billion yuan in the construction of a high-purity lithium salt project with an annual output of 35000 tons
Xinjiang Daqo New Energy Co.Ltd(688303) : sign the sales contract of polysilicon long order
Aba Chemicals Corporation(300261) performance express: net profit in 2021 increased by 12.13% year-on-year
Baiji Shenzhou performance express: 2021 net loss of 9.748 billion yuan
Yangzhou Yangjie Electronic Technology Co.Ltd(300373) performance express: net profit in 2021 increased by 100.37% year on year
Shanghai Junshi Biosciences Co.Ltd(688180) performance express: loss of 739 million yuan in 2021
data list
Shanghai and Shenzhen Stock Markets: three major indexes opened higher collectively, basically maintaining a high and volatile trend throughout the day. Concepts such as CXO, covid-19 medicine and covid-19 detection were active, and individual stocks showed a general upward trend. As of the close, the Shanghai index rose 0.63%, the Shenzhen Composite Index rose 1.21% and the gem index rose 2.58%. On the disk, medical care, electric power, electrical equipment and other sectors led the increase; Coal, oil, ships and other sectors led the decline. The turnover of Shanghai and Shenzhen stock markets exceeded 1 trillion yuan for the third consecutive trading day.
Hong Kong stocks: Hang Seng index opened higher and closed lower, down 0.59%. The biomedical sector led the rise sharply, Xinda biology rose more than 7%, Kaifa pharmaceutical rose 7.09% and Baiji Shenzhou rose 6.8%. Internet technology stocks rebounded, with BiliBili up 5% and Shangtang up 1.7%. Real estate and oil stocks fell, rongchuang China fell more than 5%, and Petrochina Company Limited(601857) shares fell 3.76%.
Shanghai Shenzhen Hong Kong stock connect: february 25, northbound capital bought a net 6.385 billion yuan, of which Shanghai Stock connect bought a net 3.323 billion yuan and Shenzhen Stock connect bought a net 3.062 billion yuan. Among the top ten traded stocks, Shaanxi Coal Industry Company Limited(601225) , Longi Green Energy Technology Co.Ltd(601012) , Zijin Mining Group Company Limited(601899) purchases ranked among the top three, with net purchases of 534 million yuan, 450 million yuan and 347 million yuan respectively Ping An Insurance (Group) Company Of China Ltd(601318) , Naura Technology Group Co.Ltd(002371) , and China stock market news ranked among the top three in terms of net sales, with net sales of 490 million yuan, 403 million yuan and 363 million yuan respectively.
dragon and tiger list: february 25, among the individual stocks on the list, the largest net capital inflow was Ning Xia Yin Xing Energy Co.Ltd(000862) , which was 109 million yuan. Data show that the stock closed within the daily limit, with a turnover rate of 16.66% throughout the day. The net inflow of funds into Huaxin Shanghai Branch, which ranks first, net purchases of 740554 million yuan. A total of 25 stocks were involved in the institutional participation list, of which 15 were net bought by the institution, Wuxi Shangji Automation Co.Ltd(603185) was the most bought, with a net purchase of RMB 353 million in three days. In addition, 10 shares were net sold by institutions, and Yimikang Tech.Group.Co.Ltd(300249) was sold the most, amounting to 113 million yuan.
margin trading : as of February 23, the balance of Shanghai and Shenzhen stock markets was 1727121 billion yuan, a decrease of 6.801 billion yuan compared with the previous trading day.
Among them, the financing balance was 1631483 billion yuan, a decrease of 4.739 billion yuan compared with the previous trading day; The balance of securities lending was 95.638 billion yuan, a decrease of 2.062 billion yuan compared with the previous trading day.
Shibor : Shibor reported 2.2310% overnight, up 3.4 basis points; Shibor reported 2.3220% in seven days, up 13.5 basis points; Three month Shibor reported 2.3740%, down 0.5 basis points
foreign exchange
On February 25, the central parity rate of RMB was reported at 6.3346, down 66 points, and the central parity rate of the previous trading day was reported at 6.328 The onshore RMB closed at 6.3142 against the US dollar, up 92 points from the previous trading day
property market observation
The new longitude of a \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\thedown payment ratio of buyers has decreased from the previous minimum of 30% to the minimum of 20%. However, some outlets said that the qualification requirements for applying for a 20% down payment were higher than those for house buyers. [details]
financial Associated Press: compared with reducing the down payment ratio of provident fund loans, what is more interesting is that at least five cities have reduced the down payment ratio of commercial loans since February. Following the first shot to reduce the down payment of commercial loans in Heze, Shandong, banks in Chongqing, Ganzhou, Jiangxi and Zhumadian, Henan all reduced the down payment ratio of first home loans to 20%. [details]
China Business News: Shanghai has the largest luxury housing market in China, and is most famous for top luxury houses such as Tomson Yipin, COFCO Haijing No. 1 and Shimao Riverside Garden on the Bank of Huangpu River. According to the statistics of Shanghai Zhongyuan Research Institute, on February 20, the riverside Arc de Triomphe located in Shanghai Lujiazui Finance & Trade Zone Development Co.Ltd(600663) riverside sector sold a second-hand house with a total price of 67.2 million yuan, with an average price of 236700 yuan / square meter. In January this year, the total transaction price of five luxury houses exceeded 100 million yuan, of which the highest transaction price of Daoli official residence 560 reached 150 million yuan. Detailed information
China Central Television finance and Economics: since the escalation of the situation between Russia and Ukraine, the passage of merchant ships in many sea areas near the two countries has been affected. Since the 24th, the Ukrainian military has stopped commercial shipping at the port, and Odessa port, Ukraine’s largest port, has also been closed. As the main export goods of Russia and Ukraine are bulk commodities such as energy and grain, the related shipping prices have also been greatly affected. Among them, the freight rates of small and medium-sized oil tankers have increased by more than five times a day. [details]
China Central Television finance and Economics: sudden changes in the situation between Russia and Ukraine put pressure on global risk assets. In South Korea, the price of virtual currency, which was extremely popular during the epidemic, fluctuated violently, and the price of bitcoin, which had been sought after by many investors, plummeted. South Korea’s largest virtual currency exchange said that the trading price of bitcoin on Thursday fell nearly 6% from the previous trading day, falling below 43 million won, or about 226000 yuan, the lowest in the past six months. Due to the high market value of bitcoin itself, a slight decline will cause huge losses. Therefore, this triggered panic among individual investors, and the momentum of buying decreased sharply. [details]
financial Associated Press: swift said it would comply with the relevant provisions on sanctions against Russia in accordance with the legal instructions. Swift said that it had taken note of the joint statement of Europe and the United States on sanctions against major Russian banks and was contacting European regulators to obtain detailed information about relevant entities. [details]
futures market
China Futures: China commodity futures closed, led by the black series, the main contract of soda ash fell by the limit, Zheng coal fell by more than 9%, coke and ferrosilicon fell by more than 5%, coking coal fell by more than 4%, manganese silicon and rapeseed meal fell by more than 3%, urea and thread fell by more than 2%, soybean meal and eg fell by more than 1%, soybean oil and NR fell slightly; LPG rose by more than 3%, beans I and II rose by more than 2%, PTA and crude oil rose by more than 1%, and corn and pulp rose slightly.
International Futures: on Friday, US Eastern time, the international oil price fell. As of the closing, April crude oil futures in New York closed down US $1.22, or 1.31%, to US $91.59/barrel; Brent may crude oil futures fell $1.30, or 1.36%, to $94.12 a barrel. The international gold price fell. As of the closing, the April gold futures price, the most active trading in the gold futures market of the New York Mercantile Exchange, fell by US $38.7 on the 25th compared with the previous trading day to close at US $1887.6 per ounce, down 2.01%
overseas index
US stock market: US Eastern time on Friday, the three major US stock indexes closed up. As of the close, the Dow rose 834.92 points to 3405875 points, or 2.51%; The NASDAQ rose 221.04 points, or 1.64%, to close at 1369462; The S & P 500 index rose 95.95 points, or 2.24%, to close at 438465.
European stock market: European time on Friday, the main indexes of European stocks rose across the board. As of the close, the UK FTSE 100 index closed at 748946, up 282.45 points or 3.92% from the previous trading day; The French CAC40 index closed at 675243, up 231.38 points or 3.55% from the previous trading day; Germany DAX30 index closed at 1456723, up 515.13 points or 3.67% from the previous trading day; The Russia RTS index closed at 936.94, up 194.03 points or 26.12% from the previous trading day.
Asia Pacific Stock Market: Nikkei 225 index closed up 482.68 points, or 1.86%, at 2645350 points on Friday, February 25. South Korea’s Kospi index closed up 27.96 points, or 1.06%, at 267676.
