daily selection
surging news: the latest data released by the State Administration of foreign exchange on March 7 showed that by the end of February 2022, China’s foreign exchange reserve balance was US $3213827 billion, a decrease of US $7.805 billion or 0.24% month on month in February. Wang Chunying, deputy director of the State Administration of foreign exchange and spokesman, explained that in February 2022, cross-border capital flows were stable and orderly, and the supply and demand in the domestic foreign exchange market were basically balanced. In the international financial market, affected by the geopolitical situation, the expectation of monetary policies of major countries and other factors, the US dollar index rose slightly, and the global financial asset prices fell as a whole. Foreign exchange reserves are denominated in US dollars. Under the combined effect of exchange rate conversion and asset price changes, the scale of foreign exchange reserves decreased in the current month. [details]
financial Associated Press: Lin nianxiu, deputy director of the national development and Reform Commission, said at the press conference of the state information office on March 7 that the construction of projects in key areas should be accelerated. First, accelerate the improvement of network facilities. Efforts will be made to implement the infrastructure network improvement project of small and medium-sized cities in central and Western China and the 5g integrated application demonstration project, so as to bridge the digital divide and fill the application shortcomings. Second, unified layout of node facilities. Accelerate the construction of 10 national data center clusters, and steadily and orderly promote the construction of national new Internet switching centers and national Internet backbone direct connection points. Third, deploy forward-looking facilities in advance. Accelerate the implementation of the preliminary conditions of the project, promote the implementation, implementation and construction of major scientific and technological infrastructure projects specified in the 14th five year plan, timely start a number of pre research projects, and continuously improve China’s original innovation ability. [details]
daily economic news: according to Ningxia daily, “it is a common phenomenon in China to add shared area in commercial housing sales. The most terrible thing is the lack of legal basis and institutional constraints.” In the process of performing his duties, Hong Yang, a member of the CPPCC National Committee, found that “what area is shared and how much area is shared” is a fog, which can only be “opened up” by the developer, and the owner has no right to defend. Therefore, it is strongly recommended that the public share area be cancelled. The actual shared area cost can be calculated into the practical area. Let Lbx Pharmacy Chain Joint Stock Company(603883) understand the payment and purchase with confidence. At the same time, it also resolves many contradictions and disputes between owners and developers and promotes social harmony. [details]
macro economy
China News Network: Huang Xihua, deputy to the National People’s Congress, suggested to speed up the construction of a number of tourism characteristic villages and mobilize new Internet media to support the implementation of the Rural Revitalization Strategy. The Ministry of culture and tourism replied that it would study and formulate policies and measures for the high-quality development of rural tourism, carry out in-depth cooperation with online communication platforms, and promote the dissemination of rural cultural tourism resources. The Ministry of culture and tourism replied that it will thoroughly implement the clear requirements for the development of rural tourism in the 14th five year plan, focus on solving the bottleneck problems from the five aspects of tourism planning, infrastructure, talent training, product upgrading and social participation, study and formulate policies and measures for the high-quality development of rural tourism and rural home stay, and launch a number of policies and measures with distinctive characteristics Rural tourism brand with outstanding advantages. [details]
China News Network: Hubei Provincial Bureau of market supervision, provincial development and Reform Commission and Provincial Department of Education launched a special inspection on education fees across the province on the 7th, focusing on discipline after-school training institutions involved in the stage of compulsory education and schools involved in the stage of primary, secondary and vocational education The schools involved in the outstanding problems strongly reflected by local students and parents shall carry out inspection. [details]
surging news: on March 7, Hu Zucai, deputy director of the national development and Reform Commission, pointed out at a press conference held by the state information office that we should vigorously develop ice and snow tourism and ice and snow consumption and promote the implementation of the action plan for the development of ice and snow tourism. [details]
industry trends
Securities Times: huachu.com issued a notice on matters related to the bidding transaction of the second batch of central reserve frozen pork in 2022. This bidding transaction of 38000 tons. [details]
China Central Television finance and Economics: BDI index, that is, the Baltic dry bulk freight index, reflects the spot freight changes of several major routes in the world, mainly involving the transportation of large raw materials such as grain, iron ore and coal. The person in charge of a maritime freight forwarding company told reporters that the BDI index fluctuated sharply recently, and the rent of dry bulk cargo ships was one price a day. The most volatile is the index of Capesize ships, which reached a high of $80000 / day last year, and then $6000 / day by the end of January. Recently, the rent is rising rapidly, relatively at a medium and high freight rate level. [details]
interface news: recently, the oil price has risen, and many airlines have raised the fuel surcharge since March 5. Now taxis will also start to charge the fuel surcharge. According to the Hangzhou Municipal Development and Reform Commission, since March 10, the cruise taxi in Hangzhou will charge a fuel surcharge of 1 yuan per trip. The operator should clearly mark the price, collect according to the regulations and provide invoices. [details]
Securities Times: Longi Green Energy Technology Co.Ltd(601012) said during institutional research that from the fourth quarter of 2021, the new silicon material capacity of Tongwei, Daquan, poly GCL, Asian silicon industry and other large silicon material manufacturers has been put into operation. With the increase of silicon material supply scale, it is expected that the silicon material price will gradually enter the price reduction channel in 2022. [details]
stock market focus
financial Associated Press: A shares opened low and went low on the 7th, with large fluctuations. The situation of two financing has attracted much attention. As of the closing of the 7th, a number of interviewed securities companies said that the current two financial early warning remained at a normal level. A person in charge of East China head Securities branch told reporters that from the perspective of the whole branch, there are only more than 10 accounts with a guarantee ratio of less than 135%, which is still in the normal range. [details]
The network of the \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\2 and other declines exceeded 20%, and Kweichow Moutai Co.Ltd(600519) fell 16.7%.
For Baijiu stock market, open source Securities said, for liquor is not pessimistic, before the Spring Festival manufacturers according to the rhythm of the money back, part of the wine enterprises after the small batch replenishment situation, the current channel inventory is generally at a reasonable low level. From the impact of the epidemic on Baijiu in 2020 and 2021, Baijiu consumption will usually rebound strongly after the epidemic is effectively controlled. [details]
China Securities News: on March 7, Boshi Fund pointed out that at present, the risks in the A-share market are gradually releasing. In the absence of substantive bad news, the probability of systemic risks in the future A-share market is low, the probability will continue to fluctuate widely, and there is still a structural market. Boshi Fund believes that under the background of constant “steady growth” tone, we can still pay attention to the investment opportunities of new and old infrastructure sectors in the future, and the short-term certainty of these sectors is relatively higher. In addition, in the process of China’s economic transformation and upgrading, leading enterprises in science and technology, advanced manufacturing, new energy and other sectors will continue to benefit, and have good investment value in the medium and long term. [details]
In the process of reassuring the associated press, many A-shares fell sharply at the end of March, and there was no need to reassure investors. In the view of many fund companies, the sharp decline of A-Shares on the 7th was caused by multiple factors such as the situation in Russia and Ukraine and the rise of oil prices, the tightening of overseas monetary policy and investor sentiment. If the subsequent relevant situation does not significantly upgrade, the volatility of the next trading day this week may slow down, but we still need to be cautious. The continuous market shock in the short term is still a probability event. However, they are not pessimistic about the medium-term trend and believe that the overshoot of high-quality growth stocks under risk events is also bringing opportunities for low absorption. [details]
subscription of new shares: science and technology navigation, Wright optoelectronics, kangguan technology, Tengyuan cobalt industry
new bond subscription: none
IPO: China Automobile Corporation
new bond listing: none
company news
Konfoong Materials International Co.Ltd(300666) : semiconductor market demand is strong, and the prices of some products have increased
st Jinhong: subsidiary intends to sell 60% equity of Jingmen Herui
China Petroleum & Chemical Corporation(600028) : intends to transfer 50% equity of Secco and introduce strategic partners
Wutong Holding Group Co.Ltd(300292) : planning to acquire 100% equity of 498 Technology
Kunlun Tech Co.Ltd(300418) : self-developed game “Tower of Holy Land” launched in Hong Kong, Macao and Taiwan
Year on year increase of vehicle sales
Jiangsu Lihua Animal Husbandry Co.Ltd(300761) : february commodity broiler sales revenue fell 39.56% month on month
Imeik Technology Development Co.Ltd(300896) : net profit in 2021 increased by 117.81% year-on-year, and it is proposed to pay 21 yuan in 10
Grg Banking Equipment Co.Ltd(002152) : holding company express digital plans to increase capital
Xinjiang Tianshun Supply Chain Co.Ltd(002800) : company’s Russian related business income accounts for a relatively small proportion
Guangdong No.2 Hydropower Engineering Company Ltd(002060) : plans to purchase 100% equity of China Construction Engineering Group, and the trading will be suspended from the 8th
Bank Of Nanjing Co.Ltd(601009) : intends to acquire the controlling equity of Suning consumer finance in the near future
Yunnan Yuntianhua Co.Ltd(600096) performance express : net profit in 2021 increased by 123679% year on year
Fujian Longxi Bearing (Group) Co.Ltd(600592) performance express: net profit in 2021 increased by 100.26% year-on-year
data list
Shanghai and Shenzhen Stock Markets: on March 7, the stock indexes of the two markets opened low and went low, and individual stocks fell generally; The gem index fell more than 4%. As of the close, the Shanghai index fell 2.17%, the Shenzhen composite index fell 3.43% and the gem index fell 4.30%. In terms of sectors, most sectors fell, with tourism, wine making, semiconductors, etc. taking the lead. The concept of baby and child rose sharply against the market, and nearly 20 stocks rose by 10% or more; Covid-19 drugs, assisted reproduction and gold concept also rose against the market. In terms of individual stocks, Contemporary Amperex Technology Co.Limited(300750) fell by more than 7%, with a turnover of more than 10 billion yuan; About 60 stocks in the two cities rose by 10% or more. More than 3800 stocks in the two markets fell.
Hong Kong stocks: Hang Seng Index closed down 3.87%, and Hang Seng technology fell 4.43%, continuing its record low. Internet technology stocks fell collectively, with meituan down more than 11% and BiliBili down more than 9%. Aluminum stocks rose against the market, Lun aluminum continued to set a record high, and Rusal soared by more than 34%.
Shanghai Shenzhen Hong Kong stock connect: on March 7, statistics showed that the total net sales of northbound funds were 8.271 billion yuan, of which the net sales of Shanghai Stock connect was 5.285 billion yuan and that of Shenzhen Stock connect was 2.986 billion yuan. Among the top ten trading shares, the net purchases ranked the top three among Sungrow Power Supply Co.Ltd(300274) , Zijin Mining Group Company Limited(601899) , China Yangtze Power Co.Ltd(600900) , with net purchases of 545 million yuan, 326 million yuan and 296 million yuan respectively. The top three in net sales are Contemporary Amperex Technology Co.Limited(300750) , Wuliangye Yibin Co.Ltd(000858) , Ping An Insurance (Group) Company Of China Ltd(601318) , with net sales of 1.305 billion yuan, 936 million yuan and 834 million yuan respectively.
dragon and tiger list: on March 7, the largest net capital inflow was Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) , 150 million yuan. Data show that the stock closed within the daily limit, with a turnover rate of 3.64% throughout the day. The net inflow of funds into the top Shenzhen Stock connect seats was 705038 million yuan, and Huaxin Shanghai Branch was 426311 million yuan. A total of 22 shares were involved in the institutional participation in the dragon and tiger list, of which 4 shares were net bought by the institution, and Asia-Potash International Investment (Guangzhou) Co.Ltd(000893) was bought the most, amounting to 376926 million yuan.
In addition, 18 shares were net sold by institutions, and Rongsheng Petro Chemical Co.Ltd(002493) was sold the most, amounting to 458 million yuan.
margin trading : as of March 4, the balance of Shanghai and Shenzhen stock markets was 1722953 billion yuan, a decrease of 7.312 billion yuan compared with the previous trading day. Among them, the financing balance was 1628114 billion yuan, a decrease of 5.335 billion yuan compared with the previous trading day; The balance of securities lending was 94.839 billion yuan, a decrease of 1.977 billion yuan compared with the previous trading day.
Shibor : Shibor reported 2.0390% overnight, up 13.7 basis points; Shibor reported 2.0680% in 7 days, up 2.0 basis points; Three month Shibor reported 2.3600%, down 0.2 basis points
foreign exchange
On March 7, the central parity rate of RMB was reported at 6.3478, down 190 points from 6.3288 on the previous trading day. On March 7, the onshore RMB closed at 6.3183 against the US dollar at 16:30, up 5 basis points from the previous trading day
property market observation
surging news: on March 7, surging news learned from Guiyang housing provident fund management center in Guizhou Province that from March 3, 2022 to March 16, 2022, the measures of Guiyang housing provident fund management center on supporting talents to use housing provident fund in Guiyang Guian purchase (rent) house (Draft for comments) were solicited from the society. According to the draft for comments, for those who meet the conditions of Guiyang Gui’an talent classification and identification measures (Trial), and hold the green card of Guiyang talent service, the loan amount of housing provident fund can be increased by 0.5 times on the basis of its calculated loan amount, and the maximum loan amount can be increased by 0.5 times to 1.5 times on the current maximum amount. [details]
daily economic news: in February, under the environment that the sales volume of the national real estate market continued to decline, the Shanghai market once again showed her magic – the trading volume rushed to 190000 square meters in the first week after the Spring Festival, reaching the normal level. Throughout February, a total of 809000 square meters of new houses were sold in Shanghai. [details]
International Information
financial Associated Press: according to the data of the U.S. Energy Information Administration (EIA), the installed capacity of new household roof photovoltaic in the United States reached 4.3gw in 2021, an increase of 29%. California was the largest rooftop photovoltaic market in the United States last year, with new installed capacity accounting for about one-third of all new capacity. [details]
China Central Television finance and Economics: affected by the situation in Russia and Ukraine, the retail price of gold in Japan has been rising recently. On the 5th of this month, the retail price of gold announced by Tanaka precious metals reached 8036 yen per gram (about 440 yuan), breaking the 8000 yen mark for the first time and reaching a record high. The rising price of gold has made many local people sell their gold at a high level. [details]
futures market
China Futures: China commodity futures closed, most varieties rose, Shanghai nickel, crude oil, fuel oil, Lu, asphalt and PTA main contracts rose by the limit, SS rose by more than 10%, Zheng coal and coking coal rose by more than 8%, coke and ferrosilicon rose by more than 7%, LPG and rapeseed meal rose by more than 6%, EB and eg rose by more than 5%, soybean meal and staple fiber rose by more than 4%, pulp and international copper rose by more than 3%, PVC Glass rose by more than 2%, soda ash and Shanghai aluminum rose by more than 1%, and Zheng Mian and cotton yarn rose slightly; Red dates and pigs fell by more than 3%, palm and soybean oil fell by more than 1%, and Douyi and peanut fell slightly.
International Futures: Lun nickel hit US $55000 / ton, continuing to hit a record high. As of the closing, the settlement price of LME nickel closed up $19159, or more than 66.25%, to $48078 / ton, continuing the performance that rose more than 18.70% last week. WTI crude oil futures closed up 3.21% to US $119.40/barrel; Brent crude oil futures rose 4.32% to $123.21 a barrel. COMEX April gold futures closed up 1.5% to $199590 / ounce
overseas index
US stock market: the three major indexes of US stocks closed down collectively, with the Dow index down 2.38% and the S & P 500 index down 2.96%, the largest closing decline since October 2020, the NASDAQ index down 3.62%, and aviation stocks and technology stocks fell one after another.
European stock market: major European stock indexes generally closed down, while Germany DAX30 index fell 2.01%, entering a technical bear market. Britain’s FTSE 100 index fell 0.44%, France’s CAC40 index fell 1.31%, and Europe’s Stoxx 50 index fell 1.24%.
Asia Pacific Stock Market: Nikkei 225 index fell 2.94% to 2525150. South Korea’s Kospi index closed down 62.12 points, or 2.29%, at 265131 on March 7.
