On Monday, December 27th, the main contents of today's headlines are:

China Securities Journal

The fourth quarter regular meeting of the monetary policy committee of the central bank proposed to enhance the stability of total credit growth and do a good job in "addition" with structural tools

The fourth quarter regular meeting of the monetary policy committee of the people's Bank of China held recently proposed to maintain reasonable and sufficient liquidity and enhance the stability of the growth of total credit. Structural monetary policy tools should actively "add" and make accurate efforts. Experts said that the combination of aggregate tools and structural tools will be the main feature of monetary policy in the future. At the same time, through the implementation of structural tools, accurately support small and micro private enterprises and emerging fields of manufacturing industry, and enhance the resilience of economic development.

The revised draft of the company law is announced, and the responsibilities of controlling shareholders and directors, supervisors and senior managers are clearer

The 32nd meeting of the Standing Committee of the 13th National People's Congress recently deliberated on the company law of the people's Republic of China (Revised Draft). The revised draft will be open to the public for comments from December 24. The revised draft improves the company establishment and exit system, and strengthens the responsibilities of controlling shareholders and management personnel. Experts interviewed by China Securities News recently said that this is conducive to consolidating the institutional foundation of the capital market and further clarifying the boundaries of the rights and responsibilities of all parties.

"Small and beautiful" dance "specialized and new" continue to write the growth story

At the beginning of 2021, small and medium cap stocks were still "seeking attention". By the end of the year, small ticket holders had "doubled the market" in batches, which can be described as "small ticket holders". Looking forward to 2022, some institutions believe that the "road map" of growth stocks in the A-share market has become clearer. "Specialized and new" enterprises are expected to become the main line of the annual market, and can focus on high-end manufacturing industry chain companies with high prosperity, high growth, large market space and breakthrough in product technology.

"Drinking and taking medicine" plate rotates. Who dominates the ups and downs of the cross-year market

Last week, the consumer and medical sectors strengthened, real estate stocks recovered, and new energy stocks weakened. Near the end of the year, the market of "drinking and taking medicine" took turns, but the strong plate in the early stage adjusted. Which sectors will dominate the Spring Festival market? Fund institutions believe that the plate rotation will continue. The mainstream track of the A-share market remains unchanged, and investors still need to focus on these areas.

Shanghai Securities News

Monetary policy is "self-centered", showing confidence, and precise regulation is gradually reaching a new level

In 2021, the global financial market fluctuated frequently, and the world economic recovery situation was changeable. China's monetary policy has sufficient confidence and room for strategic consideration. Closely adhering to the "six stabilities" and "six guarantees", the prudent monetary policy is flexible, accurate, reasonable and appropriate. While realizing the continuous decline of macro leverage, it deduces the accurate support entity to the right degree.

Investors' enthusiasm remains unchanged, and the willingness of reserve enterprises to declare is enhanced. The operation of the Beijing stock exchange is stable and orderly, which is in line with the characteristics of the initial stage of market construction

Beijing stock exchange has been open for more than one month, and its market operation, participation of professional institutional investors and reserves of enterprises to be listed have attracted extensive attention from investors. "Since the opening of the Beijing stock exchange, it has maintained an active, stable and prosperous situation as a whole, which is in line with market expectations and the overall trend of stable and orderly development of the market." Fu Lichun, financial academic member of China market society and founding partner of Yuntai capital, said that under the new policies and market trends, the investment of the Beijing stock exchange will tend to be professional, valuable and long-term.

Form misplaced and complementary financial forces and build the development pattern of "one city, one belt and one bay"

On December 25, 2021 Shanghai International Financial Center Development Forum was held in Shanghai. At the round table on the theme of "the future and challenges of financial development in one city, one belt and one bay", the participating experts jointly discussed how to contribute to the construction of Shanghai international financial center.

Boost the "double carbon" goal, and the "green hub" of international finance has broad development space

On December 25, 2021 Shanghai International Financial Center Development Forum was held in Shanghai. At the theme forum of "green development road of international financial center", he Qingwen, party secretary and chairman of China Financial Futures Exchange, Chen Fei, vice chairman and President of China Central and Eastern Europe Fund (Shifu Capital Management Co., Ltd.), Liu Jie, general manager of Shanghai Environment Group Co.Ltd(601200) energy exchange, Li Wen, chairman of huitianfu Fund Management Co., Ltd., and other celebrities gathered together, Discuss green finance and sustainable development.

securities times

The central rural work conference was held in Beijing Xi Jinping and made important instructions for doing a good job in the work of "agriculture, rural areas and farmers"

The central rural work conference was held in Beijing from 25th to 26th. Guided by the thought of socialism with Chinese characteristics in the Xi Jinping new era, the conference fully implemented the spirit of the 19th CPC National Congress and all previous plenary sessions of the 19th CPC National Congress, implemented the spirit of the central economic work conference, analyzed the current situation and tasks facing the "three rural" work, and studied and deployed the "three rural" work in 2022.

The fourth quarter regular meeting of the central bank's monetary policy committee in 2021 pointed out that structural monetary policy tools should be "added up"

The fourth quarter regular meeting of the monetary policy committee of the people's Bank of China in 2021 was held in Beijing a few days ago. The meeting analyzed the economic and financial situation at home and abroad and proposed to strengthen cross cyclical regulation and combine counter cyclical regulation. Structural monetary policy tools should actively do a good job in "addition".

Advance efforts focus on stability, and infrastructure investment is expected to rise in stages

In the coming 2022, China will face the triple pressure of shrinking demand, supply shock and weakening expectation, resulting in steady economic growth and further increasing demand. As China has long been the main focus of underpinning the economy and stabilizing economic growth, infrastructure investment will be more effective next year, which has become a general consensus in the industry. As for how to carry out infrastructure investment, the central economic work conference held recently put forward the requirements of "moderately ahead of infrastructure investment", and planned the implementation path of infrastructure investment next year.

Soliciting opinions on the revised draft of the company law and strengthening the responsibilities of directors, supervisors and senior managers

Recently, the 32nd meeting of the Standing Committee of the 13th National People's Congress deliberated on the company law of the people's Republic of China (Revised Draft) and solicited opinions from the public. In terms of protecting small and medium-sized investors, the revised draft strengthens the responsibilities of controlling shareholders and management personnel, and improves the specific contents of loyalty and diligence obligations of directors, supervisors and senior managers.

Securities Daily

What policy signals were released at the regular meeting of the monetary policy committee in the fourth quarter?

On December 24, the monetary policy committee of the central bank held its regular meeting for the fourth quarter of 2021. The meeting pointed out that the prudent monetary policy should maintain continuity, stability and sustainability, scientifically manage market expectations, strive to serve the real economy and effectively prevent and control financial risks. The dividend from the reform of quoted interest rate in the loan market continued to be released, the transmission efficiency of monetary policy was enhanced, the loan interest rate was stable, the expectation of RMB exchange rate was stable, and the two-way floating elasticity was enhanced, which played the role of macroeconomic stabilizer.

The revised draft of the company law solicits opinions from the public

On December 24, the company law of the people's Republic of China (Revised Draft), deliberated at the 32nd meeting of the Standing Committee of the 13th National People's Congress, officially solicited opinions from the public. The revised draft consists of 260 articles in 15 chapters. On the basis of 218 articles in Chapter 13 of the current company law, about 70 articles are added and modified in essence. The main amendments include seven aspects: adhering to the party's leadership over state-owned enterprises, improving the special provisions on state funded companies, improving the company establishment and exit system, optimizing the company's organizational structure, improving the company's capital system, strengthening the responsibilities of controlling shareholders and management personnel, and strengthening the company's social responsibility.

Capital construction grew steadily, and the total investment of major projects started in the month reached 2.28 trillion yuan

Major projects are the "ballast stone" of economic development. According to the reporter of Securities Daily, according to the public information, from December 1 to December 26, many major projects were intensively started, with a total investment of 2.28 trillion yuan. At the same time, many places are also planning major projects next year.

AB side of the list of listed companies: 4 companies have been listed for more than 50 times, and 1501 companies have been listed as "zero"

If the performance of companies on the dragon and tiger list is digitized, the performance of A-share companies in Shanghai and Shenzhen can be described as distinct. According to East Money Information Co.Ltd(300059) choice data, since this year, as of December 25, four companies have been listed on the dragon and tiger list 50 times respectively; In contrast, 1501 companies "found no such person" on the dragon and tiger list.

people's daily

Stabilize the basic situation of agriculture and maintain the foundation of "agriculture, rural areas and farmers"

The problem of agriculture and rural farmers is a fundamental problem related to the national economy and the people's livelihood. The central rural work conference was held in Beijing from December 25 to 26. The conference analyzed the current situation and tasks faced by the "three rural" work, and studied and deployed the "three rural" work in 2022. Xi Jinping standing at the strategic height of the overall development of the party and the state, the general secretary made important instructions for doing a good job in the work of "agriculture, rural areas and farmers", emphasizing that "to deal with various risks and challenges, we must focus on the national strategic needs, stabilize the basic situation of agriculture, do a good job in the work of" agriculture, rural areas and farmers ", take hard measures and strong implementation, ensure stable production and supply, and ensure the stable development of agriculture and rural areas".

first finance

During the revision of the company law, the position of the board of directors shall be highlighted and the responsibility of "insiders" shall be compacted

For nearly three years, the company law (Revised Draft) was recently submitted to the 32nd meeting of the Standing Committee of the 13th National People's Congress for initial deliberation. "Promoting the healthy development of the capital market" is juxtaposed with "deepening the reform of state-owned enterprises", "optimizing the business environment" and "strengthening the protection of property rights".

Silicon materials soared, supply and demand in the industrial chain mismatched, and the A-share photovoltaic sector may reshuffle in 2022

Under the growth expectation brought by the high prospect of industry development, the photovoltaic sector is highly sought after by funds in 2021 and has become one of the main themes of the structural market during the year. Data show that as of the latest closing date, 42 photovoltaic stocks hit a record high in the year, accounting for 65%.

economic reference daily

We will continue to promote consumption innovation and upgrading and provide a strong endogenous driving force for high-quality development

In 2021, China's consumer market has fully established a good recovery trend, with increasingly prominent toughness and motivation. The contribution of consumption to economic growth increased quarter by quarter. The contribution rates of final consumer expenditure in the first three quarters were 53.5%, 77.1% and 78.8% respectively, exceeding the pre epidemic level. Consumption returned to the first driving force of economic growth and achieved a good start in the consumer market in the 14th five year plan.

The wave of intelligence surges, and many main lines meet the opportunities of change

This year, the innovation and application of digital technologies such as cloud computing, big data and artificial intelligence accelerated, the digital reform of various industries accelerated, and the wave of intelligence surged. Many experts and institutional personages said that under the background of "science and technology power", intelligence will be the core main line of A-share investment in 2022 and even in the next five to ten years. Several main lines such as smart cars, energy Internet, industrial Internet and cloud computing will usher in opportunities in this tide of change.