March 8th (Tuesday), the main contents of today’s headlines are:
China Securities Journal
The capital market rallies to support innovation and development
The government work report submitted for deliberation on the 5th pointed out that we should deeply implement the innovation driven development strategy and consolidate and expand the foundation of the real economy. Promote scientific and technological innovation, promote industrial optimization and upgrading, break through the blocking point of supply constraints, and rely on innovation to improve the quality of development.
Overweight steady growth “steady” and “advance” construction drawing
The general tone of the work of “making progress while maintaining stability” has written a distinctive footnote to China’s economy this year. On March 7, Lian Weiliang, deputy director of the national development and Reform Commission, said at a press conference held by the state information office that the national development and Reform Commission will adhere to the principle of stability and seek progress in stability, strive to stabilize the macro-economic market, keep the economic operation within a reasonable range and maintain the overall social stability.
Experts said that macro policies are promoting the formation of development synergy
Recently, the escalation of the situation in Russia and Ukraine and the rise of international oil prices have not only reduced the risk appetite of the global market, but also exacerbated the fear of economic stagflation. The market’s expectation of future economic and corporate profits weakened, the stock markets of many countries fluctuated sharply, and the A-share market was also affected.
Foreign trade achieved a “good start” in the first two months, and the boom is expected to continue
Data released by the General Administration of Customs on March 7 showed that in the first two months of this year, China’s total import and export value increased by 13.3% year-on-year and 15.9% in dollar terms. Experts said that under the background of the high base in the same period in 2021, China’s foreign trade continued to maintain steady growth in the first two months of this year, reflecting the resilience of foreign trade and helping to promote the economic operation in a reasonable range. Foreign trade is expected to continue a high growth rate in the future
Shanghai Securities News
The national development and Reform Commission takes multiple measures to stabilize China’s economy, focusing on two major events to promote high-quality development of the real economy
At the press conference of the State Council Information Office on March 7, the national development and Reform Commission deeply responded to the concerns of all sectors of society on hot topics such as investment, consumption, foreign trade, ensuring supply and price stability of bulk commodities, food and energy security, industrial chain and supply chain stability.
In the first two months, China’s import and export increased by 13.3% year-on-year, and the “stable opening” of foreign trade showed resilience
On the basis of last year’s high base, China’s foreign trade achieved double-digit growth in the first two months of this year and achieved “open door stability”. According to customs statistics, in the first two months of this year, China’s total import and export value was 6.2 trillion yuan, an increase of 13.3% over the same period last year. Among them, the export was 3.47 trillion yuan, an increase of 13.6%; Imports reached 2.73 trillion yuan, an increase of 12.9%; The trade surplus was 738.8 billion yuan, an increase of 16.3%.
Expert: Overseas factors disturb short-term sentiment, and the long-term fundamentals of A-Shares are still stable
Recently, affected by external factors such as the situation in Russia and Ukraine, the A-share market has adjusted as a whole. In this regard, a number of industry experts told the Shanghai Securities News that short-term external factors may lead to the release of capital sentiment. However, judging from the statements made by all parties at the two sessions, China’s economic development and enterprise fundamentals are highly uncertain, and the short-term emotional disturbance does not hinder the long-term stability and improvement of the market.
Brent crude oil futures once approached $140. Experts warned: beware of “climbing high and falling heavy”
On March 7, WTI crude oil futures hit $130.5/barrel and Brent crude oil futures hit $139.13/barrel. Several experts interviewed said that the escalation of geographical conflicts led to the rise of oil prices. The rise in oil prices has a differentiated impact on the industrial chain. Once the geopolitical situation eases, oil prices may “rise and fall”
Securities Times
Stabilize the economy and build a solid bottom line for the A-share market
Recently, affected by major geopolitical events and the economic recovery and monetary policy uncertainty of major countries, the global financial market is facing great pressure, some markets have experienced great turbulence, and A-Shares have also been affected to a certain extent. Under the more severe external environment, the two sessions under way set the GDP growth target of about 5.5% in 2022. The combined policies of stabilizing growth, adjusting structure and promoting high-quality economic development are being launched in an orderly manner, and the plan to establish a “financial stability guarantee fund” is also expected to be implemented. In the turbulent global environment, the A-share market has the conditions to “focus on me”, and investors do not have to panic excessively and fall into one-way bearish thinking.
China Petroleum & Chemical Corporation(600028) intends to transfer 50% equity of SECCO by listing for 10.3 billion yuan
China Petroleum & Chemical Corporation(600028) ( China Petroleum & Chemical Corporation(600028) ) announced on the evening of March 7 that it planned to publicly transfer 15% and 35% equity of Shanghai Secco Petrochemical Co., Ltd. (“SECCO”) held by the company and its holding subsidiary Gaoqiao Petrochemical respectively in Shanghai United equity exchange, and the listing base price was preliminarily determined to be 10.307 billion yuan.
In the first two months, imports and exports increased by 13.3% year-on-year, with a trade surplus of 738.8 billion
On March 7, the General Administration of Customs released data showing that in the first two months of this year, China’s total import and export value was 6.2 trillion yuan, an increase of 13.3% over the same period last year. Among them, the export was 3.47 trillion yuan, an increase of 13.6%; Imports reached 2.73 trillion yuan, an increase of 12.9%; The trade surplus was 738.8 billion yuan, an increase of 16.3%. Experts interviewed by the Securities Times said that in the first two months, China’s foreign trade increased by double digits year-on-year, realizing a stable operation. Although the international trade situation is expected to maintain double-digit year-on-year growth in March, the international trade situation is expected to remain stable. At the same time, considering that international bulk commodities are still operating at a high level, it is suggested to speed up the implementation and expand the coverage of export credit insurance for small, medium and micro foreign trade enterprises, so as to help foreign trade enterprises stabilize orders and production.
National Development and Reform Commission: implement five major reforms
On March 7, the Information Office of the State Council held a press conference. The relevant person in charge of the national development and Reform Commission introduced the relevant situation on how to promote new progress in high-quality development. Lian Weiliang, deputy director of the national development and Reform Commission, said at the meeting that this year, the national development and Reform Commission will implement five major reforms, namely, the reform to stimulate the vitality of market players, the reform to build a high-standard market system, the reform to stabilize growth and expand domestic demand, the reform to promote high-level opening to the outside world and the reform to promote green and low-carbon transformation, Inject strong impetus into the steady and healthy development of economy and society
Securities Daily
Equity and debt to enhance the “strength” of the capital market and serve steady growth
On March 5, Premier Li Keqiang delivered a government work report (hereinafter referred to as the report), outlining the development direction of this year’s capital market reform with “37 words”: “improve the bond financing support mechanism of private enterprises, fully implement the stock issuance registration system, and promote the stable and healthy development of the capital market”.
Ministry of industry and information technology: by the end of 2023, an Internet of vehicles security system will be preliminarily established to effectively protect the safety of driving data and personal safety
On March 7, according to the news released on the website of the Ministry of industry and information technology, the guidelines for the construction of Internet of vehicles network security and data security standard system (hereinafter referred to as the “construction guidelines”) recently issued by the Ministry of industry and information technology proposed to preliminarily build the Internet of vehicles network security and data security standard system by the end of 2023.
Focus on basic commonness, terminal and facility network security, network communication security, data security, application service security, security guarantee and support, and complete the development of more than 50 urgently needed standards. By 2025, a relatively complete network security and data security standard system for Internet of vehicles will be formed. Complete the development of more than 100 standards, improve the coverage of standards in subdivided fields, strengthen the standard service capacity, improve the standard application level, and support the safe and healthy development of the Internet of vehicles industry.
National Development and Reform Commission: pay more attention to the overall planning and coordination of macro policies, and carefully introduce policies with contraction effect
On March 7, at a press conference held by the state information office, Lian Weiliang, deputy director of the national development and Reform Commission, said that in the practical work of achieving the economic growth target of about 5.5% this year, the national development and Reform Commission will pay special attention to the following three aspects.
Oil transportation expenses on European routes soared to a four-year high, and the oil transportation sector may hit the bottom and rebound
On March 4, the freight rate of the European route of Baltic oil tanker increased by US $30000 to US $241000 / day, at least the highest since 2008. According to dateyes, as of March 4, the Baltic maritime transport index (crude oil) BDTI was 1474 points, up 103.3% from 725 points on February 23 this year, while the last BDTI breakthrough of 1000 points occurred in March 2020 Economic report of the 21st century
More than 200 business Mulan are in charge of 3.65 trillion market value enterprises, and more than half of them have master’s degree or above
They have made remarkable achievements in the field of business and led a group of women entrepreneurs who are familiar with the business world.
Tight global crude oil supply continues to hit a 14 year high in international oil prices
In the morning of March 7, Brent crude oil futures rose sharply by US $20 / barrel, reaching a high of US $139.1/barrel, WTI crude oil futures reached US $130.5/barrel, and the two major crude oil futures prices both refreshed their highest values since 2008
first finance
Selfie achieves market value and most of her investments have positive returns: “she” controls the world’s third largest consumer market
Today, with the rapid development of China’s economy, the role of women is becoming more diversified and more important. They are not just passengers. They gradually grow into sailors, sailors, pilots and Chief Engineers… With their participation, the giant ship of China’s economy can stand on the tide and ride the wind and waves.
Haitong Securities Company Limited(600837) Xun Yugen: the sharp decline of A-Shares is mainly due to external factors, which drag down the market and finally return to fundamentals
Exclusive evening dialogue with the first financial reporter Haitong Securities Company Limited(600837) chief economist Xun Yugen. In his view, the news that the United States considered banning Russian oil on Monday raised concerns about global stagflation. “Monday’s decline is not just the decline of a shares. There are deep declines in Asia Pacific stock markets and European stock markets. Monday’s decline is global, and the decline of A-Shares is mainly dragged down by external factors.” Xun Yugen believes that the external factors have been negative since this year, but the internal factors are positive. In particular, setting a GDP growth target of about 5.5% this year is a strong support for the market
economic reference
Strong signal of steady growth releases the main line of institutional pulse investment
On May 5, the government work report submitted to the fifth session of the 13th National People’s Congress for deliberation made a deployment for economic and social development in 2022, and clearly released the signal of adhering to “stability first and seeking progress in stability”. Institutions generally expect that the follow-up efforts of relevant policies will continue to increase, and it is suggested to stick to the main line of steady growth.
Development and Reform Commission: the impact of rising international oil and gas prices on China is generally controllable
Recently, international crude oil and natural gas prices have further risen. “Due to the high proportion of crude oil and natural gas in China, it will certainly be affected, and the import cost will rise objectively, but on the whole, the impact is controllable.” On March 7, Lian Weiliang, deputy director of the development and Reform Commission, said at the press conference of the state information office.
