daily selection
central bank: people’s Bank of China held a 2022 Video Conference on financial market work. The meeting stressed that we should adhere to the positioning that houses are used for living rather than speculation, steadily implement the prudent management system of real estate finance, increase financial support for Housing leasing, and implement policies to promote the virtuous cycle and healthy development of the real estate industry. We should continue to promote and improve the system of financial support for scientific and technological innovation and improve the ability of financial institutions to serve the manufacturing industry. We should correctly understand and grasp the carbon peak and carbon neutralization, promote carbon emission reduction support tools and special refinancing for clean and efficient utilization of coal, and achieve tangible results. [details]
brokerage China: on March 4, the Shanghai and Shenzhen stock exchanges issued the rules for the transfer of listed companies on the Beijing stock exchange to the science and Innovation Board of the Shanghai Stock Exchange (for Trial Implementation) and the measures of the Shenzhen Stock Exchange on the transfer of listed companies on the Beijing stock exchange to the gem (for Trial Implementation). [details]
financial Associated Press: a wechat chat record of the person in charge of magic square quantitative market that “all suggest redemption, and the market and strategic views are suggested redemption” has been circulated in the social circle. According to the above chat records, the person in charge of magic square quantification mentioned that the market volatility may be greater in 2022, and the profit-making effect may not be as good as that in the past three years. Ordinary investors who do not adapt to such fluctuations are not recommended to keep products. In this regard, the insiders of magic square quantitative disclosed to the financial associated press that this chat record does exist, and expressed the hope that you will not interpret it one sidedly. The speeches in the wechat group have context, which is the communication between sales and customers, “Magic square is from the perspective of being responsible for investors who are difficult to bear fluctuations. It is suggested that investors who are highly sensitive to volatility should consider their investment clearly and hope that they can invest rationally. After all, all industries, products and economies have cycles.” [details]
macro economy
CCTV news: the State Information Office held a press briefing today (March 5) to interpret the relevant situation of the government work report. Xiang Donghui, deputy director of the Research Office of the State Council, said that this year’s government work report proposed to “promote the sustained recovery of consumption” and deployed specific measures. It mainly includes: first, promote the recovery of life service consumption. Second, steadily increase bulk consumption. Third, develop community consumption and county and township consumption. [details]
Xinhua News Agency: the government work report submitted to the fifth session of the 13th National People’s Congress on 5 proposed that the main expected goal of development this year is: China’s GDP will grow by about 5.5%; More than 11 million new jobs were created in cities and towns, and the urban survey unemployment rate was controlled within 5.5% throughout the year; Consumer prices rose by about 3%; The growth of residents’ income is basically synchronized with economic growth; Import and export remained stable and quality improved, and the balance of payments was basically balanced; Grain output remained above 1.3 trillion Jin; The quality of ecological environment continues to improve, and the emission of major pollutants continues to decline; The target of energy consumption intensity will be comprehensively assessed during the 14th Five Year Plan period, with appropriate flexibility. The new renewable energy and raw material energy will not be included in the total energy consumption control. [details]
interface news: Ministry of science and technology and other nine departments issued the notice on the implementation plan of scientific and technological cooperation between the East and the West during the 14th five year plan, which proposed to build a world-class Salt Lake industrial base. Deepen the cooperation between Qinghai and Tianjin, Shandong, Anhui, Chongqing and other provinces and cities, improve the upstream and downstream collaborative innovation mechanism of the salt lake industry, improve the technology and industrialization level of high-value development and utilization of potassium, magnesium, lithium and other resources in the salt lake, enhance the innovation and development capacity of Salt Lake chemical enterprises, and promote the construction of digital Salt Lake and smart salt lake, Accelerate the development of Haixi Salt Lake chemical industry characteristic circular economy innovative industrial clusters and enhance the competitiveness of salt lake industry. [details]
Ministry of industry and information technology: in view of the continuous rise and high market price of rare earth products, the rare earth office interviewed China rare earth group, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) group, Shenghe Resources Holding Co.Ltd(600392) company and other key rare earth enterprises on March 3. The meeting required that relevant enterprises should earnestly enhance their awareness of the overall situation and responsibility, correctly grasp the current and long-term, upstream and downstream relations, and ensure the safety and stability of the industrial chain and supply chain; We should strengthen industry self-discipline, further standardize the production and operation, product trading and trade circulation of enterprises, and shall not participate in market speculation and hoarding; We should give full play to the leading role of demonstration, promote and improve the pricing mechanism of rare earth products, jointly guide product prices to return to rationality, and promote the sustainable and healthy development of rare earth industry. [details]
industry trends
China Securities News: on March 4, the quotation of some lithium battery materials continued to rise, and the battery grade lithium carbonate increased by 5500 yuan / ton, with an average price of 500000 yuan / ton; Lithium hydroxide increased by 6000 yuan / ton – 7000 yuan / ton; Electrolytic cobalt rose by 3200 yuan / ton; Nickel beans rose 6100 yuan / ton. [details]
China Central Television finance and Economics: in the field of diamond cultivation, China’s production capacity accounts for about 50% of the total global diamond cultivation production capacity, of which 80% is located in Henan. In a diamond cultivation company in Shangqiu, Henan Province, skilled workers introduced that the single diamond produced by the machine can reach 10-20 carats. The physical and chemical properties are exactly the same as those of natural diamonds, and the cultivation cycle only takes about three weeks. The person in charge of the marketing department told reporters that the production of diamonds cultivated by enterprises in short supply recently, and the orders for the next six months have been signed. [details]
China News Network: recently, the Ministry of agriculture and rural areas held a symposium on pig enterprises in Jiaozuo City, Henan Province. The meeting held that after the Spring Festival, pork has entered the off-season of consumption. Although the stock of fertile sows has been callback to the green and reasonable area, the slaughter of live pigs is still growing inertia, and the price of live pigs is in the downward channel. In addition, the price of bulk feed raw materials continues to rise, and the price ratio of pig to grain has entered the level-1 early warning range of excessive decline. There is still great downward pressure on the price in the next two months. [details]
Securities Times: on March 4, it was learned that the regulators have paid close attention to the trading risk of public REITs and taken a series of measures to stabilize the price of REITs and guide rational investment through relevant means while giving good market risk tips. According to REITs fund managers, the current regulation has required managers to pay full attention to external transactions and public opinion information, and timely disclose transaction risk warning announcements, clarification announcements and other matters affecting transaction prices in view of large price fluctuations and external market rumors to be clarified.
The information disclosure documents shall disclose the specific contents related to the project income, timely reflect the relationship between the project valuation and the actual income of the project under the current market price, and fully and accurately disclose the key indicators such as the project distribution rate and internal rate of return. [details]
stock market focus
first finance and Economics: 2022 government work report is fresh. What investment opportunities does it reveal for the capital market? Which sectors will benefit? AVIC securities research report pointed out that in terms of special bonds, it is expected to add 3.65 trillion yuan of special bonds of local governments this year, the same as last year, only lower than 3.75 trillion yuan in 2020, which is the second highest in history. The issuance scale of special bonds is not reduced, indicating that there are abundant funds for infrastructure related projects this year Zheshang Securities Co.Ltd(601878) pointed out that in terms of infrastructure investment structure, the renovation of key water conservancy projects, comprehensive three-dimensional transportation network, important energy bases and facilities, urban gas pipelines and other pipe networks, and the construction of flood control and drainage facilities and underground comprehensive pipe gallery are expected to benefit. [details]
Citic Securities Company Limited(600030) research: Citic Securities Company Limited(600030) the latest research report believes that the positive objectives of the two sessions’ policies are clear, and the trend of stabilizing growth is clear; The Russian Ukrainian incident accelerated the peak of inflation expectations. It is expected to see a turnaround in March. The “three bottoms” of the A-share market have been confirmed in turn. After the external impact is clear, it will usher in the resonance upward of value and growth. For A-Shares themselves, the recent market liquidity is relatively stable, and the pressure is significantly weaker than that before and after the Spring Festival. It is suggested to stick to the main line of steady growth, actively increase positions and continue the layout around the “two low positions”. [details]
China Fund News: recently, the pig breeding sector has been active again, the Shenwan breeding industry index has rebounded nearly 30% in recent six months, and the breeding ETF has received net capital purchase this year. Many fund managers are actively increasing positions in related stocks. There are well-known funds, and even six of the top 10 heavy positions are pig breeding concept stocks. Fund managers believe that this round of pig price decline has entered the bottom area. The most pessimistic time of the industry has passed. There will be an inflection point in the pig cycle in the future, and the share price of the secondary market will be reflected in advance. They are optimistic about the beta opportunity of the industry and actively allocate stable leaders and second-line varieties with greater flexibility. [details]
China Securities News: the government work report submitted for deliberation on 5 proposed that China’s GDP growth target this year is about 5.5%, and further released “warmth” in monetary and fiscal policies. Public and private equity funds believe that the tone of stability will greatly boost market confidence and promote the gradual recovery of the capital market. We can actively grasp the investment opportunities of high-quality development main lines such as new energy, digital economy and high-end manufacturing. [details]
subscription of new shares: Sri new material, Geling Shentong, klaette
new bond subscription: aggregate convertible bonds
IPO: Huashi technology, Huaqin Technology
new bond listing: none
company news
By-Health Co.Ltd(300146) : : net profit in 2021 increased by 15.07% year-on-year, and it is proposed to pay RMB 10.7
Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) : two shareholders intend to reduce their total holdings of no more than 0.15% of the company’s shares
China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) : controlling shareholders reduced 2.26% of the company’s shares in total
Hunan Nucien Pharmaceutical Co.Ltd(688189) : shareholder CDH investment plans to reduce its holding of no more than 6% of the company’s shares
Jiangsu Chuanzhiboke Education Technology Co.Ltd(003032) : shareholders and persons acting in concert intend to reduce their shares by no more than 3.75%
Bece Legend Group Co.Ltd(000803) : net profit in 2021 increased by 78% year-on-year, and it is proposed to turn 10 into 4
Anhui Zhongyuan New Materials Co.Ltd(603527) : it is proposed to raise no more than 750 million yuan for projects with an annual output of 100000 tons of high-precision copper alloy sector and belt
Soochow Securities Co.Ltd(601555) performance express: net profit in 2021 was 2.392 billion yuan, a year-on-year increase of 40.10%
Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) performance express: net profit in 2021 increased by 243.53% year on year
Inner Mongolia Eerduosi Resources Co.Ltd(600295) performance express: net profit in 2021 increased by 299.73% year on year
Zhengzhou Coal Mining Machinery Group Co.Ltd(601717) performance express: net profit in 2021 increased by 54.59% year on year
Huaan Securities Co.Ltd(600909) performance express: net profit in 2021 increased by 12.32% year on year
st Yaxing: apply for cancellation of the delisting risk warning of the company’s shares
Gcl Energy Technology Co.Ltd(002015) : plans to establish a double carbon industry fund with CICC private placement
data list
Shanghai and Shenzhen Stock Markets: on March 4, the three major A-share indexes fluctuated weakly. As of the closing, the Shanghai index fell 0.96%, the Shenzhen composite index fell 1.37% and the gem index fell 1.55%. On the disk, the concept of assisted reproduction rose sharply against the market, with pharmaceutical commerce, cloud games, chemical pharmacy, education and other sectors leading the rise; The oil sector fell sharply, with port shipping, natural gas, diamond cultivation, architectural decoration and other sectors leading the decline. Stocks fell more or rose less, and more than 3500 stocks floated green.
Hong Kong stocks: Hong Kong Hang Seng Index closed down 2.54%, Hang Seng technology index fell more than 4.6%, Internet technology stocks, automobile stocks, medicine and other sectors all fell, Baiji Shenzhou fell more than 15%, and minimally invasive medical fell 8.7%; Xiaopeng automobile fell 13.2%, and ideal automobile fell more than 10%; BiliBili fell 12.8%, JD fell 8.3%, Alibaba fell more than 5% and Tencent fell 3.7%.
Shanghai Shenzhen Hong Kong stock connect: on March 4, northbound funds were once sold for more than 3 billion yuan, but continued to rush to raise funds in the afternoon, with a net purchase of 457 million yuan throughout the day.
Among the top ten traded stocks, China stock market news, Wuxi Apptec Co.Ltd(603259) , Longi Green Energy Technology Co.Ltd(601012) net purchases ranked among the top three, with net purchases of 498 million yuan, 386 million yuan and 331 million yuan respectively. The first three stocks sold net were Kweichow Moutai Co.Ltd(600519) , Byd Company Limited(002594) , Contemporary Amperex Technology Co.Limited(300750) , with net sales of 938 million yuan, 934 million yuan and 782 million yuan respectively.
dragon and tiger list: on March 4, the largest net capital inflow was Meisheng Cultural & Creative Corp.Ltd(002699) , which was 899979 million yuan. Data show that the stock closed within the daily limit, with a turnover rate of 13.11% throughout the day. The net inflow of funds into Huaxin Shanghai Branch, which ranks first, net purchases of 510865 million yuan. A total of 21 shares were involved in the institutional participation in the dragon and tiger list, of which 6 shares were net bought by the institution, Shanghai Jinqiao Export Processing Zone Development Co.Ltd(600639) was the most bought, with a net purchase of 344301 million yuan in three days. In addition, 15 shares were net sold by institutions, and Thunder Software Technology Co.Ltd(300496) was sold the most, amounting to 245 million yuan.
margin trading : as of March 3, the balance of Shanghai and Shenzhen stock markets was 173265 billion yuan, a decrease of 1.431 billion yuan compared with the previous trading day. Among them, the financing balance was 1633449 million yuan, a decrease of 1.184 billion yuan compared with the previous trading day; The balance of securities lending was 96.816 billion yuan, a decrease of 247 million yuan compared with the previous trading day.
Shibor : Shibor reported 1.9020% overnight, up 17.3 basis points; Shibor reported 2.0480% in seven days, up 4.3 basis points; Three month Shibor reported 2.3620%, down 0.1 basis points
foreign exchange
The central parity of RMB was reported at 326.88 on June 1, and the central parity was lowered to 326.88 on June 1 The onshore RMB closed at 6.3189 against the US dollar at 16:30 on March 4, down 5 points from the previous trading day
property market observation
financial Associated Press: the reporter learned from the real estate registration center of Jimo District, Qingdao that the real estate registration center received a notice on March 3 to deregulate the sales restriction policy of Jimo district. The new house can be traded after five years from obtaining the real estate ownership certificate to five years after signing online, and the second-hand house can be traded after two years of obtaining the certificate, At present, the policy has been implemented. [details]
financial Associated Press: on 4, Tangshan housing provident fund management center announced that if employees buy a second home, the minimum down payment ratio will be adjusted from no less than 60% to no less than 30%. This adjustment will be implemented from March 15, 2022. [details]
surging news: on March 3, Shi Weidong, member of the National Committee of the Chinese people’s Political Consultative Conference and President of Nantong University, told surging news that he submitted the proposal on strengthening the supervision of future house sales and gradually abolishing the future house system to the fifth session of the 13th CPPCC National Committee. In the face of the frequent problems of “safeguarding the rights of future houses”, combined with the concept of “housing, housing and non speculation”, Shi Weidong suggested to strengthen the supervision of future house sales, set up a special supervision account in the bank or a third-party custody institution by the housing construction department, manage the deposit for future house sales, and gradually cancel the future house system according to the region. [details]
International Information
interface news: according to Bloomberg on March 4, the number of non farm payrolls in the United States increased by 678000 in February, with an estimated 400000, compared with the previous value of 467000. The average hourly wage in February was flat month on month, with an expected increase of 0.5%. The unemployment rate fell from 4.0% to 3.8% in February, the lowest since February 2020. [details]
Although the IMF’s statement on the future of Ukraine is very uncertain, the IMF’s statement is still full of consequences. With the escalation of the conflict between Russia and Ukraine, international oil prices and international wheat prices have risen sharply recently. The price of light crude oil futures for April delivery on the New York Mercantile Exchange has exceeded US $115 a barrel. The Chicago Futures Exchange wheat may contract rose more than 40% this week. [details]
China Central Television finance and Economics: Los Angeles, the largest new luxury house in the United States, was sold at a judicial auction on the 3rd for a total of US $141 million, which is close to “halving” compared with the asking price of US $295 million in the developer bankruptcy agreement. According to the US consumer news and business channel, this is the most expensive house sold by auction in the United States and even in the world. [details]
futures market
China Futures: China commodity futures closed, led by oil, palm oil fell by more than 6%, soybean oil fell by more than 3%, NR and LPG fell by more than 2%, staple fiber and soybean second-class fell by more than 1%, and pigs and Zheng Mian fell slightly; SS rose more than 4%, Shanghai nickel and strong wheat rose more than 3%, iron ore and peanuts rose more than 2%, coke and fuel oil rose more than 1%, soybean meal and Shanghai copper rose slightly.
International Futures: WTI crude oil futures in April closed up 7.44% to US $115.68/barrel, a new high since September 2008; Brent crude oil futures in May closed up 6.92% to US $118.11/barrel, a new high since February 2013. This week, US oil rose by US $24.09/barrel, the largest dollar denominated increase since the record in April 1983, with a percentage increase of 26.3%, and oil distribution rose by 25.5%, the largest weekly increase since the launch of futures contracts in 1988. European natural gas futures continued to soar, with an intraday increase of 27%, and the price exceeded 203 euros / MWh, a record high
overseas index
U.S. stock market : on Friday, the three major indexes of U.S. stocks fell collectively. As of the close, the Dow fell 179.86 points to close at 3361480 points, down 0.53%; The NASDAQ fell 224.50 points, or 1.66%, to 1331344; The S & P 500 index fell 34.62 points, or 0.79%, to 432887. The Dow fell 1.3% this week, the fourth consecutive decline. The S & P 500 fell 1.3% and the NASDAQ fell 2.8%.
European stock markets: European stocks closed sharply, with Germany’s DAX30 index down 4.39%, Britain’s FTSE 100 index down 3.48%, France’s CAC40 index down 4.97% and Europe’s Stoxx 50 index down 4.90%.
Asia Pacific Stock Market: Nikkei 225 index opened low and closed down 2.23% to 2598547 points. South Korea’s Kospi index closed down 33.65 points, or 1.22%, at 271343 on Friday, March 4.
