daily selection
surging news: for the recent rise in the prices of raw materials and many new energy vehicle enterprises, Cui Dongshu analyzed that these factors will not have a significant impact on the sales of new energy vehicles. “From January and February, the year-on-year increase in the sales of new energy vehicles has reached about 150% He said that on the one hand, car use is a rigid demand. In particular, the epidemic has prompted many families to shift from public transport to private cars. On the other hand, consumers have maintained an acceptable attitude towards price increases. [details]
financial Associated Press: Chinese stainless steel giant Qingshan Holding Group Co., Ltd. is experiencing the biggest crisis since its establishment. The crisis originated from the “long short” trading of the recent international nickel futures market. As of the press release on March 8, the main contract of nickel on the London Metal Exchange (LME) has broken the US $100000 mark, breaking the US $60000, 70000, 80000, 90000 and 100000 mark in a row, with a cumulative increase of 248% in the two trading days and a record high. [details]
central bank: 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 handed 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 set aside tax rebates and increase transfer payments to local governments, so as to support the relief of enterprises, stabilize employment and ensure people’s livelihood. [details]
financial Associated Press: at 2 a.m. Beijing time on March 9, apple held a special spring new product launch event called “high energy transmission”. The new iPhone se, iPad air with 5g support and MAC studio with stronger M1 chip came on stage as scheduled. [details]
macro economy
Xinhua News Agency: the reporter learned from the Shandong Provincial Department of finance that the second batch of special government bonds of Shandong Province in 2022 were recently issued by the central government securities depository and Clearing Co., Ltd., with an issuance amount of 41.362 billion yuan, an average maturity of 17.55 years and an average issuance interest rate of 3.33%. The special bonds are mainly used for investment in key infrastructure projects in Shandong. [details]
Securities Times: Xiao Yaqing, Minister of industry and information technology, said that at present, China has built 1.425 million 5g base stations and is expected to exceed 2 million this year. We should continue to strengthen the research on key core technologies, and consider the deployment technology research in the evolution direction of the next generation mobile communication technology (6g). [details]
Shanghai Securities News: virtual currency “mining” activities have large energy consumption and carbon emissions, low contribution to the national economy and limited driving effect on industrial development and scientific and technological progress. The national development and Reform Commission and other departments specially issued a notice calling for strengthening the supervision of the whole upstream and downstream industrial chain of virtual currency “mining” activities. Guangdong Province has also been promoting the management of virtual currency “mining” recently. The Guangdong Provincial Development and Reform Commission and the Guangdong Provincial Energy Bureau have announced typical cases of Guangzhou and other cities in regulating virtual currency “mining”. [details]
industry trends
China Central Television finance and Economics: global risk aversion is rising, and gold prices hit new highs. Data show that spot gold in London briefly broke through the $2000 mark on March 7, and then fell back. On August 8, it broke through the $2000 mark again and rose to $202098 per ounce, the highest level since August 2020. According to the reporter, the physical quotation of major gold brand companies in China is about 525 yuan / g, such as the quotation of 526 yuan / g for Zhou Dafu and Liufu jewelry, and 525 yuan / g, 525 yuan / g and 524 yuan / g for Laomiao gold, Zhou Shengsheng and Zhou Liufu respectively. [details]
CCTV news client: according to the statistics of the national online car Hailing supervision information exchange platform, as of February 28, 2022, a total of 263 online car Hailing platform companies in China have obtained online car Hailing platform business licenses, an increase of 3 month on month; A total of 4.053 million online car Hailing driver licenses and 1.631 million vehicle transportation licenses were issued, an increase of 1.6% and 3.0% respectively month on month. The national online car Hailing supervision information interaction platform received a total of 550844 million orders in February, down 21.8% month on month. [details]
China Central Television finance and Economics: recently, Zhengbang, New Hope Liuhe Co.Ltd(000876) , aonong and other feed enterprises announced a rise in feed prices, most of which were about 100 yuan per ton, mainly due to the rise in raw material prices. In a feed production enterprise in Jinhua, Zhejiang Province, the person in charge told reporters that soybean meal is the main raw material for feed production. After the Spring Festival, the price rose sharply, from about 3600 yuan to about 4800 yuan, an increase of about 30%, which directly pushed up the feed production cost. [details]
China Securities News: on 3, Ctrip and ink weather jointly released the spring travel trend report. The report shows that users’ spring outing enthusiasm broke out early this year, and the first wave of search fever peaked on January 27 before the Spring Festival. Among many outings, flower tours have become a well deserved hot money, and the number of ticket booking users in relevant scenic spots has increased by more than 40% year-on-year. [details]
stock market focus
interface news: “this government work report is absolutely positive guidance for the stock market, and new energy, infrastructure and other sectors benefit directly.” Recently, Wang Zonghao, head of UBS China stock strategy research, said at the special media conference of the “two sessions”. He believes that, on the whole, this government work report is good for the stock market, and new energy, infrastructure and other sectors have become beneficiaries. UBS believes that China may introduce economic easing policies to enhance the market’s confidence in steady growth, and China’s stock market will show greater resilience and upgrade China’s stock rating to “optimistic”. [details]
financial Associated Press: the short selling market continued on 8. The nickel price of LME rose by more than 100% during the session, breaking the $60000, $70000, $80000, $90000 and $100000 mark in a row. It rose by 250% in two trading days, setting a new record. Listed companies responded to the impact of nickel price rise on the interactive platform: Gem Co.Ltd(002340) said that the rise of short-term and medium and long-term nickel resources within a reasonable range had a positive effect on the company’s performance growth Shenzhen Zhongjin Lingnan Nonfemet Co.Ltd(000060) said that the total amount of nickel metal of the company’s Dominica kambei Mountain project is 92400 tons, which has not been mined Shanghai Zhongzhou Special Alloy Materials Co.Ltd(300963) said that the sharp rise in the price of nickel will have a certain impact on the company’s revenue.
[details]
surging news: “the three factors of global stagflation, fed water collection and Russia Ukraine conflict, if viewed separately, are all negative factors, but the three factors themselves contain each other. We don’t think they constitute a continuous repression for a shares.” On March 7, Zhang Xinyuan, chief of Huatai Securities Co.Ltd(601688) strategy, made the above remarks at Huatai Securities Co.Ltd(601688) spring online strategy meeting in 2022. Generally speaking, Zhang Xinyuan believes that the current environment will not form continuous pressure on a shares. Relatively speaking, the A-share market can get out of the independent market; From the time point of profit recovery, the probability of profit recovery in the second half of the year is high. [details]
China Fund News: since the beginning of the year, the A-share market has cooled suddenly. The Shanghai stock index fell by nearly 10% during the year, and the gem index fell by more than 20%. In the face of such rapid adjustment, recently, many star fund managers have relaxed large subscription to convey confidence to the market. Many people in the fund industry believe that the relaxation of large subscription of the fund is to supplement ammunition, which is conducive to the layout against the trend and smooth the impact of redemption on performance to a certain extent; In addition, we also hope to weaken the short-term impact of the market, be optimistic about the medium and long-term trend of a shares, and guide the rational investment of basic people. [details]
subscription of new shares: none
new bond subscription: none
IPO: Zhejiang HENGWEI
new bond listing: none
company news
Anhui Conch Cement Company Limited(600585) : will invest 5 billion yuan to develop new energy businesses such as photovoltaic power plants and energy storage projects
ad shares: plans to carry out PVC futures option hedging business
Zhejiang Runtu Co.Ltd(002440) : intends to invest RMB 220 million in semiconductor fund Wuxi Tongchuang Zhixin
Time Publishing And Media Co.Ltd(600551) : related children’s products account for a small proportion in the company’s business
Seazen Holdings Co.Ltd(601155) : complete the redemption of corporate bond resale funds and prepayment of overseas US dollar bonds
Zhejiang Hangmin Co.Ltd(600987) : controlling shareholder intends to increase 10-15 million shares
Zhejiang Dingli Machinery Co.Ltd(603338) : Director Secretary Liang Jin plans to increase his shareholding by 8-10 million yuan
The shares to be repurchased within 3.6 million days.
Semiconductor Manufacturing International Corporation(688981) : the group’s total operating revenue in the first two months increased by 59.1% year-on-year
Ningxia Baofeng Energy Group Co.Ltd(600989) performance express: net profit in 2021 increased by 53% year-on-year
Shan Dong Lubei Chemcal Co.Ltd(600727) performance express: net profit in 2021 increased by 114% year-on-year
Yuhuan Cnc Machine Tool Co.Ltd(002903) performance express: 2021 net profit increased by 70% year on year
Hangzhou Huawang New Material Technology Co.Ltd(605377) performance express: net profit in 2021 increased by 73% year on year
data list
Shanghai and Shenzhen Stock Markets: on March 8, the stock indexes of the two cities continued to fall sharply, and the Shanghai index, Shenzhen Composite Index and gem index all hit new lows in the year. As of the close, the Shanghai index fell 2.35%, the Shenzhen composite index fell 2.62% and the gem index fell 1.80%. In terms of sectors, all sectors generally fell, with seed industry, lithium mine, assisted reproduction, covid-19 medicine and baby child concept all falling by more than 6%; Medicine, aviation and coal all fell sharply. The concepts of semiconductor, East number and West calculation are relatively strong. Only more than 400 stocks rose in the two cities. Nearly 100 stocks fell by 10% or more.
Hong Kong stocks: Hong Kong stock Hang Seng Index closed down 1.39%, and Hang Seng technology index continued its record low of 3.2%. Internet technology stocks fell collectively, with BiliBili down more than 8% and Baidu down more than 5%. New energy vehicle stocks fell, with Xiaopeng automobile falling more than 12% and ideal automobile falling more than 7%. Nonferrous Metal Stocks pulled back across the board, with the southern manganese industry down 16% and China Hongqiao down 9.9%.
Shanghai Shenzhen Hong Kong stock connect: march 8, statistics showed that the total net sales of northbound funds were 8.699 billion yuan, of which the net sales of Shanghai Stock connect and Shenzhen Stock connect were 3.151 billion yuan and 5.548 billion yuan respectively. Among the top ten traded stocks, the top three in net purchases are Zijin Mining Group Company Limited(601899) , Sungrow Power Supply Co.Ltd(300274) , China Yangtze Power Co.Ltd(600900) , with net purchases of 610 million yuan, 585 million yuan and 249 million yuan respectively. The top three net sales were Contemporary Amperex Technology Co.Limited(300750) , Ping An Insurance (Group) Company Of China Ltd(601318) , China Merchants Bank Co.Ltd(600036) , with net sales of 2.631 billion yuan, 575 million yuan and 513 million yuan respectively
dragon and tiger list: on March 8, the largest net capital inflow was Elion Clean Energy Company Limited(600277) , with a net inflow of 286 million yuan on the third day. Data show that the stock closed within the daily limit, up 11.21% in the past three days. The top net inflow of funds was Yuanshen road in Eastern Shanghai, which bought 188 million yuan on the third day. A total of 22 stocks were involved in the institutional participation in the dragon and tiger list, of which 9 were net bought by the institution, and Andon Health Co.Ltd(002432) was the most bought, amounting to 119 million yuan. In addition, 13 shares were net sold by institutions, and Ningbo Ronbay New Energy Technology Co.Ltd(688005) was sold the most, amounting to 415 million yuan.
margin trading : as of March 7, the balance of Shanghai and Shenzhen stock markets was 1723933 billion yuan, an increase of 980 million yuan over the previous trading day. Among them, the financing balance was 163354 billion yuan, an increase of 3.24 billion yuan over the previous trading day; The balance of securities lending was 92.579 billion yuan, a decrease of 2.26 billion yuan compared with the previous trading day.
Shibor : Shibor reported 2.0560% overnight, up 1.7 basis points; Shibor reported 2.1140% in seven days, up 4.6 basis points; Three month Shibor reported 2.3610%, up 0.1 basis points.
foreign exchange
On March 8, the central parity rate of RMB was reported at 6.3185, up 293 points, and the central parity rate of the previous trading day was reported at 6.3478 The onshore RMB closed at 6.3141 against the US dollar at 16:30 on March 8, up 42 points from the previous trading day
property market observation
financial Associated Press: in late February, the four major state-owned banks in Guangzhou, Guangdong Province announced to cut the mortgage interest rate in Guangzhou, and the first house was uniformly reduced to 5.4%. In March, the amount of housing loans of banks in Guangzhou was sufficient, and the interest rate of housing loans decreased steadily. Some banks could lend money as soon as a week. Insiders in the banking industry said that due to the impact of policies such as the reduction of reserve requirements and interest rates, the housing loan market is generally guided by continuous easing. Banks have the motivation to issue loans with low interest rates, which can objectively activate more people to apply for housing loans. People in the real estate industry believe that the mortgage interest rate is expected to be further reduced during the year. [details]
Beijing News: on the evening of 3, Chengdu Public Resources Trading Service Center released the first batch of centralized land supply announcements this year. According to the announcement, the first batch of centralized land supply in Chengdu plans to transfer 50 residential plots, with a total land area of about 2.1149 million square meters, a total starting price of about 45.517 billion yuan and a total ceiling price of about 51.776 billion yuan. 50 plots will be auctioned in three days from March 31 to April 2, 2022. [details]
International Information
China Central Television news client: the agricultural economy Office of the Ministry of agriculture of Thailand released a report on the 8th, saying that since 2015, the prices of three important Shenzhen Agricultural Products Group Co.Ltd(000061) – pork, chicken and eggs – have continued to rise, and the current prices have reached a new high in the past eight years. Compared with 2015, the prices of pork, eggs and chicken increased by 46%, 12% and 6% respectively. The main reason is the rising prices of feed raw materials such as corn, wheat and soybean meal, up 14%, 43% and 15% respectively year-on-year. [details]
chinanews: uk house prices rose 0.5% month on month in February, according to the house price data released by Halifax, the largest mortgage lender in the UK, on the 7th local time. The average house price in the UK has risen by 10.8% in the past 12 months, with the average house price reaching £ 278123. This is the fastest rise since June 2007. [details]
futures market
China Futures: China commodity futures closed with more gains and less losses. The main contracts of Shanghai nickel, Shanghai tin, SS and asphalt rose by the limit. Fuel oil rose by more than 12%, crude oil rose by more than 10%, Lu rose by more than 8%, rapeseed meal and Shanghai zinc rose by more than 6%, soybean meal and pulp rose by more than 3%, Shanghai gold and bean second-class rose by more than 2%, Zheng coal and LPG rose by more than 1%, palm and cotton yarn rose slightly; Jujube fell more than 7%, soda ash fell more than 4%, Shanghai aluminum and pigs fell more than 2%, hot rolls and glass fell more than 1%, and corn and eg fell slightly.
International Futures: WTI April crude oil futures closed up 3.6% to US $123.70/barrel; Brent crude oil futures rose 3.87% to $127.98 a barrel. COMEX April gold futures closed up 2.4% at US $204330/oz, approaching the closing record high of US $206940/oz set on August 6, 2020
overseas index
US stock market: the three major indexes of US stocks collectively closed down, with the Dow down 0.57%, the S & P 500 down 0.73%, the NASDAQ down 0.28%, and steel stocks and pharmaceutical stocks leading the decline.
European stock markets: major European stock indexes closed down slightly, with Germany’s DAX30 index down 0.1%, Britain’s FTSE 100 index up 0.05%, France’s CAC40 index down 0.32% and Europe’s Stoxx 50 index down 0.18%.
Asia Pacific Stock Market: Nikkei 225 index closed down 447.91 points, or 1.78%, at 247735 points. South Korea’s Kospi index closed down 28.91 points, or 1.09%, at 262240 on March 8.
