Double financing balance
As of December 28, the balance of the two financial institutions of Shanghai Stock Exchange was reported as 984.759 billion yuan, an increase of 1.876 billion yuan over the previous trading day; The two financial balances of Shenzhen Stock Exchange reported 853.614 billion yuan, an increase of 1.583 billion yuan over the previous trading day; The two cities totaled 1838.373 billion yuan, an increase of 3.459 billion yuan over the previous trading day.
Latest views
On Tuesday, the stock indexes of the two cities of A-Shares closed up. As of the close, the Shanghai stock index rose 0.39%, the Shenzhen Component Index rose 0.83%, the gem index rose 1.05%, the Shanghai and Shenzhen 300 rose 0.74%, the Shanghai Stock Exchange 50 rose 0.76%, and the China Stock Exchange 500 rose 0.18%. The number of gainers in the two cities was 2739, higher than the average value of 1974 last week and higher than 2712 on the previous trading day. The limit was 67, lower than the average value of 100 last week and lower than 75 on the previous trading day. The net inflow of northbound funds was 1.293 billion yuan, with an average net outflow of 305 million yuan last week and a net inflow of 2.492 billion yuan on the previous trading day. The turnover of the two cities was 1003.8 billion yuan. A-Shares continue to repair the market status before. At present, the market trading sentiment gradually begins to heat up and the sentiment repair is good. In a short cycle, A-Shares are expected to rebound. Spatially, the Shanghai stock index is expected to advance at 3660-3690 or even 3700. Whether it can impact 3723-3731 depends on whether the financial heavyweights can be started and the transaction scale can be enlarged.
Topic tracking
Today’s focus: lithium extraction from Salt Lake, wind power theme and digital currency theme
1. Theme of lithium extraction from Salt Lake: the mismatch between supply and demand of lithium extraction from salt lake continues. From the supply side, there is no increase in lithium salt supply in the fourth quarter, and the supply of Qinghai Salt Lake declined; From the demand side, the downstream new energy industry is in an important period of development opportunities. The demand of cathode material enterprises continues to increase. In terms of inventory, the inventory of downstream cathode material enterprises is mostly half a month, and there will be a demand for goods preparation in advance before the Spring Festival. Lithium salt prices may usher in the third round of price increases. At the same time, On November 18, the electronic information department of the Ministry of industry and information technology publicly solicited opinions on the standard conditions of lithium ion battery industry (version 2021) and the administrative measures for the announcement of lithium ion battery industry specifications (version 2021), and proposed to guide enterprises to strengthen technological innovation, improve product quality and reduce production costs. It also has a certain catalytic effect on the lithium extraction plate of salt lake. It is suggested to pay attention to: Bgt Group Co.Ltd(300774) （300774）、 Jiangsu Jiuwu Hi-Tech Co.Ltd(300631) （300631）
2. Theme of wind power equipment: in the context of double carbon, wind power equipment has developed rapidly. At present, it has grown from supplementary energy to one of the main energy. According to the data of the national energy administration, by the end of November 2021, the cumulative total installed capacity of wind power in China was 304.86gw (a year-on-year increase of 29%), accounting for about 13% of the total installed capacity of power supply in China; Among them, the newly installed capacity from January to November was 24.7gw, accounting for about 20% of the total newly installed power supply. The installed capacity increased by 0.32% year-on-year (the installed capacity was higher due to the “rush for installation” of onshore wind power last year), an increase of 50% compared with the same period in 2019. At the same time, the rapid decline in fan prices further stimulates the demand for wind farm development, and the market space is broad. Suggestions: Shenzhen Hopewind Electric Co.Ltd(603063) (603063), Jinlei Technology Co.Ltd(300443) (300443)
3. Digital currency theme: the working conference of the people’s Bank of China in 2022 was held on December 27, which proposed to steadily and orderly promote the pilot research and development of digital RMB. At present, digital RMB has been piloted in many places. On December 9, Mu Changchun, director of the digital currency Research Institute of the central bank, said at the “seminar on the status and Prospect of Hong Kong as an international financial center” that the digital currency Research Institute of the central bank had carried out a series of cooperation with the Hong Kong Monetary Authority to jointly explore the feasibility of the central bank’s digital currency in improving cross-border payments. With the gradual consensus of blockchain technology in the whole society and the increasingly rich industrial ecology, the establishment of digital asset exchange and the promotion of digital currency will improve the multi-level capital market. It is suggested to pay attention to: Qitian Technology Group Co.Ltd(300061) (300061), Trust Alliance Information Development Inc.Ltd.Shanghai(300469) (300469).
Risk statement
The epidemic has not been effectively controlled, the macro economy has unexpectedly declined, the liquidity crunch has intensified, and the industrial policies are lower than expected.
