Incremental capital:
Fund issuance: the newly issued shares in this period were 15.669 billion, compared with 10.796 billion in the previous period.
Shanghai Stock connect and Shenzhen Stock connect: in this period, the funds of Shanghai Stock connect are net inflow and the funds of Shenzhen Stock connect are net outflow. In this period, the net inflow of Shanghai Stock connect was 5.035 billion yuan (the net outflow of the previous period was 5.269 billion yuan), and the net outflow of Shenzhen Stock connect was 761 million yuan (the net outflow of the previous period was 1.144 billion yuan); The total net inflow was 4.274 billion yuan (the total net outflow in the previous period was 6.413 billion yuan).
Margin trading balance: the margin trading balance decreased by 2.292 billion yuan month on month. As of March 4, the margin trading balance of the two cities was 162954 billion yuan (162954 billion yuan in the previous period), and the margin trading balance was 94.839 billion yuan (95.705 billion yuan in the previous period).
Capital pressure surface
IPO Financing scale: 4 new shares were listed in the current period, with a total fund-raising of 4.49 billion yuan (5 new shares were listed in the previous period, with a total fund-raising of 3.038 billion yuan).
Increase or decrease in industrial capital: the net reduction in the secondary market in this period is 5.924 billion yuan (the net reduction in the previous period is 7.638 billion yuan).
Lifting pressure: in terms of potential lifting funds, the current (02280304) market ushered in the lifting scale of about 39.112 billion yuan, and the lifting pressure scale of the previous (02210225) and next (03070311) markets were 80.428 billion yuan and 68.014 billion yuan respectively.
Transaction cost: the transaction cost of this period is 10.654 billion yuan (11.687 billion yuan in the previous period).
Money supply:
Open market: the net withdrawal of currency in the current period is 430 billion yuan (the net withdrawal of currency in the previous period is - 760 billion yuan).
Medium term lending facilities: the one-year MLF operation was launched in February, with an interest rate of 2.85%, the same as the previous period, and a total of 700 billion yuan was invested in January.
Credit currency derivation: in January 2022, the growth rate of M1 was - 1.90% (3.50% in the previous period); The growth rate of M2 was 9.80% (9.00% in the previous period). In January 2022, social finance increased by 6.17 trillion yuan (about 2.37 trillion yuan in the previous period), and financial institutions increased RMB loans by 4.20 trillion yuan (about 10.35 trillion yuan in the previous period).
Market capital price:
Money market: in this period, Shibor's overnight interest rate decreased by 33.20bp and Shibor's weekly interest rate decreased by 20.10bp; The weighted interest rate of inter-bank pledged repo (one day) was reduced by 59.91bp, and the weighted interest rate of inter-bank pledged repo (seven days) was reduced by 42.56bp; The 3-month interbank certificate of deposit yield was reduced by 0.98bp; The weighted inter-bank lending rate (one day) was raised by 0.12bp, and the weighted inter-bank lending rate (seven days) was reduced by 50.23bp.
Treasury bond market: the yield of one-year treasury bond increased by 5.24bp to 2.13%, the yield of 10-year Treasury bond increased by 1.30bp to 2.82%, and the term spread narrowed by 3.94bp.
Financial market: the yield of RMB financial products (three months) was 3.69%, up 8.86bp from last week.
Risk tip: the Sino US trade friction has intensified and the epidemic has not been effectively controlled
