March 9th (Wednesday), the main contents of today’s headlines are:
China Securities Journal
The engine of digital economy is strong, and new momentum is injected into the development of listed companies
The government work report submitted for deliberation on the 5th pointed out that promoting the development of digital economy. NPC deputies from listed companies interviewed by China Securities News recently believe that under the background of the surging tide of digital economy, listed companies, as the vanguard of China’s real economy, should accelerate the digital and intelligent transformation and promote the digital transformation of industries. The capital market should continue to increase support to provide a strong driving force for enterprise transformation and upgrading and high-quality economic development.
Efforts have been made to stabilize the macro-economic market. The people’s Bank of China has turned over more than trillion yuan of balance profits to the central government
The people’s Bank of China reported on March 8 that this year, the people’s Bank of China handed over the balance profits to the central government according to law, with a total amount of more than 1 trillion yuan, which is mainly used to offset tax rebates and increase transfer payments to local governments.
Real gold and silver boost confidence and the repurchase of listed companies is heating up
At present, there are signs of warming up in the repurchase of A-share market. According to incomplete statistics by the reporter of China Securities Journal, from March 7 to 8, nearly 10 A-share listed companies launched repurchase plans, and some listed companies further disclosed the implementation schedule of repurchase on the basis of issuing repurchase plans in the early stage.
The pilot of high-level opening-up of cross-border trade and investment is in full swing
In recent years, the reform in the foreign exchange field has been pushed forward in depth, constantly stimulating new development vitality and helping the macro-economy to stabilize and improve. In January this year, the State Administration of foreign exchange launched a high-level pilot opening-up of cross-border trade and investment in Shanghai Lingang Holdings Co.Ltd(600848) new area, Nansha New Area, Hainan Yangpu Economic Development Zone and Beilun District of Ningbo
Shanghai Securities News
The total balance profits handed over by the people’s Bank of China to the central government exceeded 1 trillion yuan
The reporter of Shanghai Securities News learned from the people’s Bank of China on March 8 that in accordance with the spirit of the central economic work conference and the deployment of the government work report, in order to enhance the available financial resources, the people’s Bank of China turned over the balance profits to the central finance according to law this year, with a total amount of more than 1 trillion yuan, which is mainly used to offset tax rebates and increase transfer payments to local governments, support enterprise relief, stabilize employment and ensure people’s livelihood.
How does commodity price rise affect the A-share market
Recently, affected by the situation in Russia and Ukraine, global commodity prices fluctuated violently, and the fluctuation range of some varieties has reached or close to historical records. For example, the price of Brent crude oil hit US $139 / barrel, a new high in recent 14 years; LME nickel price doubled within one day and once exceeded the historical extreme value of US $100000 / ton. Gold, coal and many Shenzhen Agricultural Products Group Co.Ltd(000061) prices fluctuated sharply.
The debate on the “fairness” of quantitative transactions continues, and the industry suggests strengthening supervision
Recently, he Qiang, member of the CPPCC National Committee, Professor of the school of finance of the Central University of Finance and economics and director of the Institute of securities and futures, submitted a proposal to “standardize the development of quantitative trading”, and put forward six suggestions on the scope setting, institutional qualification, data report, algorithm reporting and cost improvement of quantitative trading. The quantitative transaction scale of the domestic market has increased rapidly in recent years, and the discussion about its causing transaction convergence, aggravating volatility and violating market fairness is also heating up. In the dispute, it has become the consensus of most people in the industry that supervision should be strengthened and quantitative transactions should be better standardized.
Listed companies buy back real gold and silver with confidence! Increase holdings! Dozens of companies release positive protection signals
On the evening of March 8, about 40 listed companies in Shanghai and Shenzhen disclosed the announcement of repurchase plan and repurchase progress, and a number of listed companies disclosed the announcement of increasing shareholding of shareholders or executives. Among them, 21 companies in Shanghai stock market alone submitted announcements related to share increase and repurchase, including large and medium-sized companies such as Qi An Xin Technology Group Inc(688561) , Haier Smart Home Co.Ltd(600690) , Zhejiang Chint Electrics Co.Ltd(601877) , 360 Security Technology Inc(601360) . Some market participants believe that this is industrial capital to inject confidence into the A-share market with real gold and silver
Securities Times
Central bank: the growth of China’s macro leverage ratio is generally stable
On March 8, the investigation and Statistics Department of the central bank said that since 2017, China’s macro leverage ratio has increased by an average of about 4.8 percentage points, and the growth rate is generally stable. Internationally, compared with major economies, China’s leverage ratio has increased relatively controllably since the epidemic, supporting the rapid recovery of economic growth with relatively small debt increment. Since 2021, China’s effective epidemic prevention and control, steady economic recovery, effective macro policies and other factors have jointly promoted the return of macro leverage to a basically stable track.
Global market turmoil, A-Shares show five positive signals
Affected by the external environment, A-Shares continued to fall on Tuesday, with the Shanghai index falling 3300 points and the gem index falling 2600 points, both hitting a 16 month low, with only 445 rising stocks in the two cities. The performance of Hong Kong stocks was weak, and the Hang Seng Index closed down 1.39%, hitting a new low for more than five and a half years; The Hang Seng technology index fell 3.21%, also a record low.
The balance profit handed over by the central bank this year exceeded trillion, and efforts were made to stabilize the macro-economic market
On March 8, the people’s Bank of China said that in accordance with the spirit of the central economic work conference and the deployment of the government work report, in order to enhance the available financial resources, the people’s Bank of China turned over the balance profits to the central finance according to law this year, with a total amount of more than 1 trillion yuan, which was mainly used to offset tax rebates and increase transfer payments to local governments, support enterprise relief, stabilize employment and ensure people’s livelihood.
All living beings in Shenzhen property market: game “xiaoyangchun”
“Now the regulation of many cities has been relaxed, and the mortgage interest rate has entered the downward channel. This year’s regulation environment is somewhat relaxed compared with last year…” after watching for more than a year, post-90s Xu Hui (pseudonym) has always wanted to buy a suite in Shenzhen. Recently, he has been receiving calls from similar real estate agents. “I missed the chance to get on the bus twice, really?” Xu Hui was a little flustered when he heard these “good” news
Securities Daily
Looking at the major changes in the capital market in the past nine years through the government work report
The capital market plays a pivotal role in economic operation and plays a role of “pulling one hair and moving the whole body” in financial stability. From the statement on the capital market in the government work report of the last nine years, we can see that China’s capital market reform and development has made continuous breakthroughs, overcome one difficulty after another, has accumulated relatively solid institutional development momentum, and is ushering in a new stage suitable for high-quality economic development.
More than 20 public offerings and 36 overseas foreign private placements accelerated the layout of the Chinese market
Premier Li Keqiang proposed in his government work report on the 5th to expand high-level opening to the outside world and promote the steady development of foreign trade and foreign investment. In terms of the capital market, in the past two years, the substantive achievements of the fund industry’s opening to the outside world are constantly emerging. Many well-known foreign asset management companies have entered China’s fund market through new establishment and capital increase.
The Ministry of Finance responded to the balance profits handed over by the central bank in recent years: used to significantly increase local transfer payments
On March 8, the Ministry of Finance answered the question of the balance profits handed over by the people’s Bank of China in recent years and the value-added tax rebate policy.
Premier Li Keqiang proposed in the government work report that this year, specific state-owned financial institutions and franchised institutions will turn in the profits remaining in recent years according to law. It is reported that the people’s Bank of China is one of the units handed over.
Public offering emergency “pulse” market fluctuations: investors need not panic excessively
With the sharp decline of A-share market and the sharp retreat of fund net value, the market risk aversion is becoming stronger and stronger. On March 7, Sinolink Securities Co.Ltd(600109) released the latest stock position calculation report of public funds, which showed that compared with the calculation results after the Spring Festival, among the 129 fund companies with equity fund products, 58 fund companies’ overall positions increased during this period, accounting for 45%, while the overall positions of 71 fund companies decreased. In this regard, a number of fund companies are optimistic about the future trend of A-Shares as a whole, and have suggested that investors do not need to panic excessively
21st Century Business Herald
New logic of rare earth industry chain: upstream and downstream “marriage” reshapes supply and demand pattern
The 21st Century Business Herald reporter found that in addition to Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) , more Nd-Fe-B production enterprises have or are in deep cooperation with upstream rare earth suppliers to jointly build the golden track of rare earth industry chain in the way of mutual “binding”.
“Brick moving” energy storage is coming true China Tianying Inc(000035) establishment of gravity energy storage subsidiary
Imagine such a “Crazy” energy storage technology: drive the hanging tower with excess electric energy, build thousands of tons of bricks into a high tower, and use the gravity of bricks to drive the generator connected to the hanging tower in case of power shortage, so as to realize power storage and discharge
first finance
What does it mean for the central bank to turn over the balance profit of more than 1 trillion yuan to the central finance?
The balance profits handed over by the central bank will not cause a fiscal deficit and have a limited impact on liquidity. On the evening of March 8, the people’s Bank of China reported that in accordance with the spirit of the central economic work conference and the deployment of the government work report, in order to enhance the available financial resources, the people’s Bank of China turned over the balance profits to the central finance according to law this year, with a total amount of more than 1 trillion yuan, which was mainly used to offset tax rebates and increase local transfer payments, so as to support the relief of enterprises, stabilize employment and ensure people’s livelihood.
High holding stocks fell more than the seller’s institutions, but their enthusiasm remained unabated
Since March, A-Shares have continued to decline, and Contemporary Amperex Technology Co.Limited(300750) ( Contemporary Amperex Technology Co.Limited(300750) . SZ), Kweichow Moutai Co.Ltd(600519) ( Kweichow Moutai Co.Ltd(600519) . SH), Wuliangye Yibin Co.Ltd(000858) ( Wuliangye Yibin Co.Ltd(000858) . SZ), representing “value investment belief”, have continued to fall, becoming the focus of the market again
economic reference
A shares fluctuated widely, and the market has a solid foundation for stable and healthy development
Recently, the global financial market is facing great pressure, and the A-share market is also affected to a certain extent. Insiders said that the current A-share shock was mainly caused by global risk disturbance, which did not fully reflect the expectation of China’s fundamental improvement. On the whole, the A-share market fluctuates in the short term, but it is not pessimistic in the medium and long term. The demand for stable growth is strong. The positive factors are revised. The fundamentals of China’s long-term economic growth remain unchanged, and the stable and healthy development of the market has a solid foundation.
The net profit in the first two months exceeded 10 billion yuan Kweichow Moutai Co.Ltd(600519) performance accelerated and boosted the sentiment of the sector
Kweichow Moutai Co.Ltd(600519) the share price rose after the first release of monthly operating performance data. On March 8, Kweichow Moutai Co.Ltd(600519) closed up 2.71% to 175320 yuan, up more than 4% during the session. Baijiu sector also showed active activity on that day, Luzhou Laojiao Co.Ltd(000568) rose 2.59%, Anhui Kouzi Distillery Co.Ltd(603589) and Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) rose.
