March 3rd (Thursday), the main contents of today’s headlines are:
China Securities Journal
China Banking Regulatory Commission: the real estate bubble financial momentum has been fundamentally reversed.
Guo Shuqing, chairman of China Banking Regulatory Commission, said at a news conference of the State Council in March 2nd that the momentum of the real estate bubble financial turn was fundamentally reversed. The banking and insurance industries should more specifically support the expansion of consumption and investment, and do a good job in serving the “new citizens”. In addition, we should gradually develop and expand the third pillar old-age insurance in accordance with the policy of “jogging in small steps and gradual progress in general”.
SASAC requires central enterprises to strengthen capital operation and realize dynamic optimization
According to the news of SASAC on March 2, SASAC recently issued the guiding opinions on central enterprises accelerating the construction of a world-class financial management system (hereinafter referred to as the opinions), emphasizing that central enterprises should strengthen capital operation and realize dynamic optimization. Effective use of specialized integration, asset securitization and other operational means to revitalize the stock; We will orderly promote reform measures such as restructuring and listing, introducing war and mixed reform, and optimize and increase. Strengthen the management of listed companies and improve the market value and value creation ability of listed companies.
Central bank: further enrich the toolbox of macro prudential policies
According to the news on the website of the people’s Bank of China on March 2, the 2022 teleconference on macro Prudential Management held by the people’s Bank of China proposed to further improve the two pillar regulatory framework of monetary policy and macro Prudential policy and further enrich the toolbox of macro Prudential policy.
Zhou Yanli, member of the CPPCC National Committee and former vice chairman of the CIRC: encourage insurance capital to increase the allocation of equity assets
On the eve of the two sessions in 2022, Zhou Yanli, a member of the National Committee of the Chinese people’s Political Consultative Conference and former vice chairman of the China Insurance Regulatory Commission, suggested in an exclusive interview with a reporter from the China Securities Journal that we should increase support for insurance funds, encourage and guide insurance companies to use long-term account funds, increase the allocation of equity assets such as stocks and equity, and help maintain the steady operation of the capital market, Increase direct financing support for high-quality development of the real economy
Shanghai Securities News
The conflict between Russia and Ukraine affects commodity supply, and the international market falls into “resource anxiety”
The situation in Russia and Ukraine is stuck, the market’s expectation of resource shortage is rising, and commodity prices are rising. As of the afternoon closing of March 2, the international oil price rose to more than $110 / barrel, with a weekly increase of more than 19%; The Wenhua commodity index, which reflects the price of a package of commodities, rose by more than 4% and the Wenhua industrial products index rose by more than 5%.
Oil price fluctuation Shanghai crude oil futures help Chinese enterprises “reduce pressure”
Recently, tensions in Russia and Ukraine have significantly pushed up crude oil prices. Brent crude oil has reached a seven-and-a-half-year high, and NYMEX crude oil has also exceeded the high level in several years. Spot prices of China’s crude oil futures also maintained close linkage. The main contract of SC crude oil listed in Shanghai International Energy Trading Center rose the limit yesterday to close at 663.9 yuan / barrel, a new high since the listing of this variety, and has risen 34% this year. As of press time, the night trading of the contract had further soared by more than 6%. Meanwhile, the spot price of Shengli crude oil in China reported $102.11 per barrel on March 1, up 28% this year.
Actively layout hardware equipment and Internet manufacturers to “get rid of virtual reality” and reshape their competitiveness
Recently, it was reported that Tencent’s closely watched plan to acquire black shark is coming to an end, which is regarded as a representative case of the layout of hardware equipment by major Internet manufacturers in China.
Silicon material leading enterprises are “a little busy” with continuous production expansion and large orders
“Our polysilicon 4B project started in 2021 and produced the first batch of polysilicon in early December 2021. The construction and production process were better than expected.” Xinjiang Daqo New Energy Co.Ltd(688303) CEO Zhang Longgen said, “the production capacity of the 4B project is climbing, and the output is expected to further increase in February and March. The total output of the 4B project is expected to reach about 9500 tons in the first quarter of 2022.”
Securities Times
Guo Shuqing: the real estate bubble financial momentum has been fundamentally reversed.
On March 2, Guo Shuqing, chairman of China Banking and Insurance Regulatory Commission, attended the press conference of the state information office together with the chairmen of five large financial institutions, introduced the promotion of a virtuous cycle of economy and finance and high-quality development, and responded to hot issues concerned by the market, such as real estate, shadow banking, bank stock price, rural credit cooperatives reform and so on.
SASAC: central enterprises should strengthen capital operation and enhance the market value of listed companies
On March 2, the state owned assets supervision and Administration Commission of the State Council released the guiding opinions on central enterprises accelerating the construction of a world-class financial management system. The guiding opinions put forward that through the efforts of about five years, the overall financial management level of central enterprises has significantly jumped to a new level. Through the efforts of about 10 ~ 15 years, the vast majority of central enterprises have built a world-class financial management system suitable for world-class enterprises, and the financial management level of a number of central enterprises ranks in the forefront of the world.
The sales of real estate enterprises are a little cold, blowing warm air for the real estate market
In February this year, the overall downturn of the real estate market and the sales transactions of real estate enterprises continued to turn cold. In order to guide the market to restore confidence, several second – and third tier cities recently launched policies such as “reducing down payment” to stimulate the demand for house purchase.
The national development and Reform Commission strengthened the supervision of coal medium and long-term contract performance this year
On March 2, the national development and Reform Commission announced that in order to implement the decision and deployment of the CPC Central Committee and the State Council on ensuring the supply and price of coal, give full play to the role of “ballast” of medium and long-term coal contracts, and promote the safe supply of energy and the stable operation of economy and society, the office of the national development and Reform Commission recently issued a notice on further signing medium and long-term coal contracts Strengthen the supervision of contract performance and make deployment arrangements
Securities Daily
Sing the “voice of spring” of China’s economy
On March 4, the fifth session of the 13th CPPCC National Committee opened in Beijing, and the “two sessions cycle” will start. Maintaining the tone of “stable” economic operation, promoting high-quality development, and coping with various visible and potential risks and challenges with genuine economic added value and a more optimized employment pattern will be the hottest topic inside and outside the venue. We look forward to taking the two sessions as an opportunity to make concerted efforts to jointly sing the “voice of spring” of China’s economy.
Ten financial hotspots of the national two sessions in 2022: Concerto of stability and progress
With the upcoming two sessions, which financial topics will become the focus of attention? In setting the overall requirements and policy orientation of economic work in 2022, the central economic work conference emphasized “stability first and seeking progress in stability”. Stability is the cornerstone of development, and stability is the premise of Zhiyuan. Today, combined with the current market hot spots, we selected ten key topics, such as registration system reform and normalized delisting, and invited professionals from different angles to talk freely and share with all sectors of society and the market.
Power battery recycling ushers in the “high light moment” with a huge market gap, and buyers rush for goods at high prices
With the rapid development of new energy vehicles, the supply of products in the power battery industry chain is in short supply, which leads to a sharp rise in prices, resulting in a “high light moment” for power battery recycling.
Both equity and debt promote the prosperity of direct financing and significantly improve the quality and efficiency of serving the real economy
The national two sessions are about to be held. As an important starting point for the capital market to serve the high-quality development of the real economy, direct financing has become a hot topic on behalf of the members
21st Century Business Herald
China Banking and Insurance Regulatory Commission: the adjustment of the real estate market should be transformed smoothly, and the pilot point of pension savings will be started
On March 2, at a press conference held by the Information Office of the State Council, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, introduced the promotion of a virtuous cycle of economy and finance and high-quality development. 21st Century Business Herald reporter noted that “real estate finance” and “pension finance” closely related to people’s livelihood have become the most frequent topics in this press conference.
Wind power industry investment of listed companies accelerates offshore wind power or ushers in a new round of outbreak period
The 21st Century Business Herald reporter learned that the development prospect of offshore wind power is more optimistic by the market. It is expected that the installed capacity will reach 60GW by 2025, more than double the current growth space, and the bidding situation of offshore wind power this year will exceed expectations
people’s daily
In 2021, RMB loans increased by nearly 20 trillion yuan, promoting the stable recovery and virtuous circle of the national economy
On August 8, 2019, the chairman of the China Insurance Regulatory Commission held a press conference on the prevention of risks and the resolution of risks in the whole banking system. In 2021, risks in key areas will continue to be controlled, and the macro leverage ratio will decrease by about 8 percentage points. At the same time, in order to meet the reasonable and effective financing needs of the real economy and promote the stable recovery and virtuous cycle of the national economy, RMB loans increased by nearly 20 trillion yuan and bank and insurance institutions increased bond investment by 7.7 trillion yuan in 2021
first finance
Under the storm in Russia and Ukraine, traders’ “mentality has collapsed” panic did not lose in 2008
“The market is jumping up and down. It’s frightening. The exposure to short the dollar earlier is still bleeding.” A foreign bank trader told the first financial reporter. This speaks the voice of many traders, whether foreign exchange, commodities, stocks or bonds, in the near future.
The iron and steel industry will achieve carbon peak and low-carbon transformation in the 14th five year plan, and still faces “triple obstacles”
The latest research results show that carbon dioxide in China’s iron and steel industry will peak during the 14th Five Year Plan period and gradually decline thereafter. However, the realization of low-carbon transformation of the iron and steel industry still faces “triple obstacles” such as difficulties in process transformation, lack of systematic and scientific management and weak technological innovation in energy conservation and emission reduction
economic reference
The detailed explanation work of the CBRC focuses on both stability and physical risk prevention
The macro leverage ratio decreased by about 8 percentage points, RMB loans increased by nearly 20 trillion yuan, and the loans of inclusive small and micro enterprises of five large banks increased by 41.4%. In 2021, Bank Of China Limited(601988) insurance institutions handed over bright reports, the risks in key areas were continuously controlled, and the reasonable and effective financing needs of the real economy were met.
The M & a market has warmed up and green energy and other fields have attracted attention
The M & a market is “warm” recently. According to the data, as of the press release on March 2, there have been 448 mergers and acquisitions of A-Shares during the year, involving more than 90 billion yuan. Among them, the number of M & A cases in mechanical equipment, power equipment and pharmaceutical and biological industries is the largest. Industry insiders predict that the M & a market will remain active in 2022 driven by the continuous optimization of the system and economic transformation.
