Follow up comments
On December 30, 2021, the Shanghai Composite Index closed at 3619.19 points, up 0.62%; The Shenzhen Component Index closed at 14796.23 points, up 0.97%. The Chongqing composite index, which we focus on, closed at 3963.05 points, up 0.17%; Sichuan composite index closed at 9838.51, up 0.88%. The top three stocks of Listed Companies in Sichuan and Chongqing are: zitonggong (832566, 15.41%), Chengdu Olymvax Biopharmaceuticals Inc(688319) (688319, 13.08%), Xunyou Technology (300467, 11.10%). The 42 companies we focused on rose by an average of 0.72%, of which the top three stocks were: Sichuan Jiuyuan Yinhai Software Co.Ltd(002777) (002777, 10.00%), Dongfang Electric Corporation Limited(600875) (600875, 6.37%), Sichuan Tianyi Comheart Telecom Co.Ltd(300504) (300504, 5.71%). By industry, the top three sectors in Sichuan and Chongqing are social services (+ 5.92%), media (+ 5.73%) and light manufacturing (+ 3.36%).
On December 29, the Chongqing municipal government network released the policies and measures for Chongqing to further promote financial support for rural revitalization, which put forward 30 measures from six aspects to guide financial institutions to focus more on the “five views” (see products, see objects, see models, see scale and see risk control) and strengthen financial support for Rural Revitalization. Specifically, in terms of financial support, it is planned to establish a 300 billion yuan scale project library and strive to invest no less than 200 billion yuan in agriculture related loans during the 14th Five Year Plan period. In terms of financial innovation, we will further develop targeted financial products and services, accelerate the innovative application of digital finance, and optimize the role of financial instruments such as insurance, mortgage financing, bond financing, listing financing and private equity funds. By promoting the policy of financial support for rural revitalization, on the one hand, it will promote the rapid development of agriculture in Sichuan and Chongqing, and relevant agricultural enterprises will continue to benefit. On the other hand, it will open up new development space for the regional financial market, inject new growth momentum, and help the rapid development of Sichuan and Chongqing financial market.
Industry dynamics
Chongqing Municipal Bureau of Market Supervision issued the implementation opinions of the general office of Chongqing Municipal People’s Government on the implementation of the national standardization development outline. The opinions put forward that the overall standardization level of the whole city will reach the leading level in inland by 2025; By 2035, the standardization pattern of market driven, government guidance, enterprise subject, social participation, openness and integration will be fully formed. (China News Network)
Company dynamics
Sichuan Xichang Electric Power Co.Ltd(600505) (600505): the announcement on the acquisition of the equity project of Yanyuan Fengguang new energy Co., Ltd. is issued. It is proposed to acquire 39% equity of Yanyuan Fengguang new energy Co., Ltd. held by Sichuan Zhonghuan Energy Co., Ltd. with its own capital of 48.47 million yuan.
Tianyu Eco-Environment Co.Ltd(603717) (603717): issue the announcement on the completion of the cancellation of holding subsidiaries.
Risk tips: economic recovery is lower than expected, covid-19 outbreak risk, raw material price fluctuation risk.
