daily selection
first financial: Guo Shuqing, chairman of the Banking Regulatory Commission, said at a news conference of the new China office in March 2nd that the financial risks in key areas continued to be controlled in 2021, and the macro leverage rate dropped by about 8 percentage points. The asset expansion of the financial system returned to a lower level, and the real estate bubble and financial momentum were reversed. [details]
Xinhua News Agency: Vice Premier Han Zheng stressed the need to deepen the research on major issues of “double carbon” and form operable policies and measures. We should promote the orderly substitution and transformation of coal, clarify the “big account” of coal supply and demand, reasonably plan the scale and layout of coal power construction, promote the clean and efficient utilization of coal, and give full play to the basic and bottom-up guarantee role of coal in energy. We should study and promote the development of renewable energy, accelerate the planning and construction of a new energy supply and consumption system, and support the development of distributed new energy. We should study and build a market-oriented mechanism to promote “double carbon”, improve the electricity price formation mechanism and improve the carbon emission trading market. [details]
national development and Reform Commission: 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 general 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. [details]
Energy Administration: recently, the National Energy Administration held a video conference on the analysis of renewable energy development and construction in February. The meeting pointed out that all localities should earnestly implement the relevant national arrangements for the construction of large-scale wind power photovoltaic bases focusing on deserts, Gobi and desert areas, actively promote the construction of base projects, increase project reserves, pay close attention to the implementation of industrial policy documents, and give full play to the role of monthly scheduling mechanism for the development and construction of renewable energy, Timely coordinate and solve the difficulties and problems encountered in the development and construction of wind power photovoltaic power generation, especially strengthen the construction of transmission projects and promote the high-quality leap forward development of renewable energy. [details]
macro economy
CCTV news client: in order to firmly maintain the bottom line of national food security, promote the reduction of feed grain, increase the supply of forage grass, speed up the supply of forage and livestock products, and promote the high-quality development of forage grass industry, the Ministry of agriculture and rural areas recently issued the national forage grass industry development plan in the 14th five year plan, This is the first special plan for the development of forage industry in China. The plan specifies that by 2025, the national output of high-quality forage will reach 98 million tons, the demand guarantee rate of cattle and sheep forage will reach more than 80%, the overall self-sufficiency rate of forage seeds will reach more than 70%, and the mechanization rate of feed (grass) production and processing will reach more than 65%. [details]
CNews: 2, the reporter learned that the Zhejiang provincial Party committee and the provincial government issued the implementation opinions on deeply implementing the outline for the construction of a powerful intellectual property country (20212035) to build a leading province in the construction of a powerful intellectual property country, which clearly led by digitization and informed the whole chain of the creation, application, protection, management and service of intellectual property rights, We will promote the systematic reconstruction of the intellectual property governance system and the all-round leap in governance capacity, and build a leading province for the construction of an intellectual property power with the strictest protection, the most vivid creation and the best ecology at a high level. [details]
financial Associated Press: Vice Minister of industry and information technology Zhang Yunming stressed that we should solidly promote the construction and application of 5g, gigabit optical network, data center, industrial Internet, Internet of vehicles and so on. Be the leader of digital technology innovation and breakthrough. We will intensify efforts to tackle key technical problems in mobile communications, integrated circuits, key software, big data, artificial intelligence and other fields. Be an enabler of the digital transformation of the real economy. We will further implement the industrial Internet innovation and development project, actively explore 5g application innovation, and promote the deep integration of new generation information and communication technology and green and low-carbon industries. [details]
industry trends
China Securities News: the reporter learned that focusing on actively and steadily promoting the development of meta universe technology and industry, the Central Committee of the Democratic Progressive Party of China suggested to focus on solving the problems of technological limitations, optimizing and upgrading digital infrastructure, and establishing a regulatory and governance system for meta universe related fields. The DPP Central Committee suggested that we should solidly promote basic digital technology research, give full play to the role of enterprises, scientific research institutes and laboratories, promote the extensive and in-depth penetration of digital technology into all fields of economic, social and industrial development, and promote the integration and innovation of digital technology, application scenarios and business models. [details]
Securities Times: recently, at the 2022 World Mobile conference, Zhao Ming, CEO of glory, said that he believes that both ordinary mobile phones and folding screen mobile phones will become the mainstream of smart phones. The folding screen mobile phone market can grow 10 times in 2022, which will be a new growth field. Glory must invest in the future. [details]
chinanews: according to the official website of Beijing Economic and Technological Development Zone, recently, the implementation plan for the opening of the whole biomedical industry chain in Beijing was officially implemented. The plan proposed to reasonably adjust the price management mechanism of Innovation Medical Management Co.Ltd(002173) project and timely bring more innovative drugs and equipment in Beijing into the scope of government procurement, promotion and application. [details]
Beijing News: reporters learned on March 2 that Weima automobile announced that due to factors such as rising parts prices, the production scheduling plan and model prices of some Weima models will be gradually adjusted from March 1. Among them, the current relevant policies of 2022 ex5-z models remain unchanged. After comprehensive subsidies, the price of 2022 ex5-z Pro all-round version is 154800 yuan, and the price of lead creative edition is 163800 yuan, with an increase of 3 Xj Electric Co.Ltd(000400) 0 yuan. [details]
stock market focus
first finance and Economics: Haitong Securities Company Limited(600837) pointed out that strategically, the current geographical conflict between Russia and Ukraine still has a significant impact on peripheral markets, the risk aversion continues, and the short-term will still be dominated by contraction shocks. On the whole, the market is still weak, and the callback pressure is difficult to avoid, but the industry is expected to be structurally differentiated, and the sectors with more callback have rebounded demand in the near future. In addition, the two sessions are approaching, and relevant beneficial themes are good layout opportunities.
In terms of operation, at present, the market switching is accelerated. It is still recommended to focus on shareholding, avoid blind pursuit of short-term hot spots, and do a good job in high-low switching. [details]
China Securities News: on March 2, Huaan Securities Co.Ltd(600909) released a research report that the valuation market of the third stage of this round of growth stocks will still come. At present, the growth style is moving to the end of the benign adjustment period from the second stage to the third stage or the early stage of the third stage. It is suggested to pay attention to the strong main line industries of power equipment and electronics, as well as industries with valuation diffusion potential such as national defense and military industry and computer. [details]
financial Associated Press: China Construction Bank Corporation(601939) chairman Tian Guoli said at the press conference of the state information office that the commercial price to book ratio of traditional commercial banks has changed from more than twice to less than one time. At present, the average price to book ratio of A-Shares of Chinese banks is basically maintained at 0.66 times and that of H shares is 0.47 times. This is 0.44 times higher than that in Japan, 0.72 times lower than that in Europe and 1.42 times higher than that in the United States. Bank stocks are not suitable for short-term, but in the long run, the bank dividend rate has been much higher than financial products. [details]
interface news: FTSE Russell announced the quarterly audit change results of FTSE China A50 Index, FTSE China a150 index, FTSE China A200 index, FTSE China a400 index and FTSE China a small cap index. Specifically, FTSE China A50 Index constituent stocks are newly included in Bank Of Ningbo Co.Ltd(002142) , China State Construction Engineering Corporation Limited(601668) , Postal Savings Bank Of China Co.Ltd(601658) ; Delete Aier Eye Hospital Group Co.Ltd(300015) , China Life Insurance Company Limited(601628) , Eve Energy Co.Ltd(300014) . The change will take effect after the closing on Friday, March 18, 2022 (i.e. Monday, March 21, 2022). [details]
subscription of new shares: slinger, Lihang Technology
new bond subscription: Panlong convertible bond and Chengdu silver convertible bond
IPO: none
new bond listing: none
company news
Lecron Industrial Development Group Co.Ltd(300343) : Hua’an new material is officially incorporated into Contemporary Amperex Technology Co.Limited(300750) supply chain system
Renzhi shares: the rise of oil price will not affect the performance of the company’s oil service business
Leshan Electric Power Co.Ltd(600644) : electricity price policy adjustment is expected to reduce the revenue of power business by 160 million yuan in 2022
Guizhou Redstar Developing Co.Ltd(600367) : subsidiary’s actual output of battery grade lithium carbonate is 200300 tons / month
Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) : Fosun Kate has been approved for drug clinical trial
Anyuan Coal Industry Group Co.Ltd(600397) : coal mine in Shanxi has a safety accident and is shut down for rectification
Hunan Yujing Machinery Co.Ltd(002943) : terminate the R & D, production and intelligent manufacturing projects of large-size silicon rods and monocrystalline silicon wafers in Taiyuan
Guangzhou Tinci Materials Technology Co.Ltd(002709) : plans to make additional investment in the reconstruction and expansion project of lithium battery materials with an annual output of 150000 tons
Ningbo Energy Group Co.Ltd(600982) : pumped storage project has a large investment amount, which is much higher than the current book monetary capital level of the company
Beijing Cuiwei Tower Co.Ltd(603123) : net profit in 2021 increased by 101% year-on-year
Bank Of Shanghai Co.Ltd(601229) : net profit in 2021 increased by 6% year-on-year
Lao Feng Xiang Co.Ltd(600612) : net profit in 2021 increased by 18% year-on-year
Eastern Air Logistics Co.Ltd(601156) : net profit in 2021 increased by 53% year-on-year
Chongqing Zhifei Biological Products Co.Ltd(300122) : recombinant covid-19 protein vaccine approved with conditions for listing
data list
Shanghai and Shenzhen Stock Markets: on March 2, the three major A-share indexes opened low and fluctuated weakly. As of the close, the Shanghai index fell 0.13%, the Shenzhen composite index fell 1.05% and the gem index fell 1.77%. On the disk, oil and gas exploitation and services, traditional Chinese medicine, agricultural planting, port shipping, coal mining and processing and other sectors led the increase; PVDF concept, semiconductor and components, national defense industry and other sectors led the decline.
Hong Kong stocks: Hong Kong stock Hang Seng Index closed down 1.84%, Hang Seng technology index fell more than 2.71%, real estate stocks, Internet technology stocks and education stocks all fell, Longguang group fell nearly 14%, country garden fell 7.5% and rongchuang China fell 5.8%; Kwai fell 8.8%, and Shun Yu optics dropped nearly 9%.
Shanghai Shenzhen Hong Kong stock connect: on March 2, northbound funds sold 776 million yuan, ending net purchases for three consecutive days, with net purchases exceeding 2.3 billion yuan at one time; Among them, the Shanghai Stock connect sold a net 451 million yuan and the Shenzhen Stock connect sold a net 325 million yuan. Among the top ten traded stocks, the net purchases of Zijin Mining Group Company Limited(601899) , Ganfeng Lithium Co.Ltd(002460) , Sungrow Power Supply Co.Ltd(300274) ranked the top three, with net purchases of 455 million yuan, 244 million yuan and 186 million yuan respectively. The first three stocks that were net sold were Ping An Insurance (Group) Company Of China Ltd(601318) , China stock market news and Ping An Bank Co.Ltd(000001) , with net sales of 359 million yuan, 317 million yuan and 278 million yuan respectively.
dragon and tiger list: on March 2, the largest net capital inflow was Yimikang Tech.Group.Co.Ltd(300249) , with a net purchase amount of more than 170 million yuan. The data showed that the stock rose more than 15% within the day, the stock price rose 10.47% in the past three trading days, and the turnover rate within the day was 147%. A total of 19 stocks were involved in the institutional participation in the dragon and tiger list, of which 7 were net bought by the institution, and Yimikang Tech.Group.Co.Ltd(300249) was bought the most, amounting to 94.96 million yuan. In addition, 12 shares were net sold by institutions, of which Hengli Petrochemical Co.Ltd(600346) sold the most, amounting to 660 million yuan.
margin trading : as of March 1, the balance of Shanghai and Shenzhen stock markets was 1729769 billion yuan, an increase of 2.609 billion yuan over the previous trading day.
Among them, the financing balance was 1632649 billion yuan, an increase of 1.533 billion yuan over the previous trading day; The balance of securities lending was 97.12 billion yuan, an increase of 1.076 billion yuan over the previous trading day.
Shibor : Shibor reported 1.8870% overnight, up 8.6 basis points; Shibor reported 2.0460% in seven days, up 1.7 basis points; Three month Shibor reported 2.3650%, down 0.1 basis points
foreign exchange
On March 2, the central parity rate of RMB was reported at 6.3351, down 337 points, and the central parity rate of the previous trading day was reported at 6.3014 The onshore RMB closed at 6.3107 against the US dollar at 16:30 on March 2, up 20 points from the previous trading day
property market observation
21 Century Business Herald: Beijing in March, there is a warm smell of spring in the wind, and the real estate market also looks warmer. According to the statistics of Zhongyuan Real Estate Research Center, the online signing volume of second-hand houses in Beijing in February was lower than that in January, the lowest in the last 24 months. Zhang Dawei, chief analyst of Zhongyuan Real estate, pointed out that there are objective reasons for the low transaction data in February, which is mainly affected by the Spring Festival, but the overall market began to recover at the end of February and is expected to stabilize and recover in March. [details]
interface news: recently, 58 residents in the same city and anjuke released the February national housing index report in 2022. The report shows that in February 2022, the online average price of new houses in 65 key cities nationwide was 17561 yuan / m2, a slight decrease of 0.12% month on month, of which the online average price of new houses in 22 cities increased month on month; The average online listing price of second-hand houses was 16958 yuan / m2, up 0.42% month on month. The average listing price of second-hand houses increased month on month in 41 of 65 cities across the country. The listing price decreased in 5 of the 13 cities that implemented the second-hand house reference price system, while it fluctuated slightly in other cities. Detailed information
CCTV news client: the Russian Ministry of Finance announced on March 2 local time that under the current unstable geopolitical situation, Russian residents can choose to invest in gold, which can completely replace the US dollar. The Russian Ministry of finance also expressed support for the proposal to abolish the personal income tax on natural persons’ investment in gold. [details]
China Central Television news client: on March 2 local time, the British Retail Association’s monthly store price index showed that the annual inflation rate of retail prices in February 2022 rose to 1.8% from 1.5% in January, the highest inflation rate since November 2011. [details]
futures market
China Futures: China commodity futures closed generally higher, Lu, crude oil and PTA main contracts rose by the limit, Zheng coal and LPG rose by more than 6%, EB and iron ore rose by more than 4%, soda ash and coking coal rose by more than 3%, Zheng cotton and Shanghai nickel rose by more than 2%, Shanghai gold and rapeseed meal rose by more than 1%, corn and soybean meal rose slightly; Only a few varieties such as pigs and red dates closed down.
International Futures: WTI April crude oil futures closed up $7.19, or 6.95%, at $110.60/barrel. Brent may crude oil futures closed up $7.96, or 7.58%, at $112.93 a barrel. COMEX April gold futures closed down 1.1%, ending the previous three consecutive days of rising trend to $192230 / ounce
overseas index
US stock market: US Federal Reserve Chairman Powell said he was inclined to support the interest rate hike of 25 basis points in March. The three major US stock indexes closed higher, with the NASDAQ up 1.62%, the Dow up 1.79% and the S & P 500 up 1.86%.
European stock markets: European stocks collectively closed higher, with Germany’s DAX30 index up 0.73%, Britain’s FTSE 100 index up 1.37% and France’s CAC40 index up 1.59%.
Asia Pacific Stock Market: Nikkei 225 index closed at 2639303 points, down 1.68%. South Korea’s Kospi index closed up 4.34 points, or 0.16%, at 270352 on March 2.
