March 11th (Friday), the main contents of today’s headlines are:
China Securities Journal
The self-reported “family background” of listed companies boosted confidence
According to incomplete statistics, on the evening of March 10, 70 companies in Shanghai alone disclosed all kinds of positive announcements. Among them, 22 are performance letters or annual reports, 35 are business data, and 13 disclose major contracts, project progress and other matters, involving four major banks, Cosco Shipping Holdings Co.Ltd(601919) , China Tourism Group Duty Free Corporation Limited(601888) and other large and medium-sized companies. In addition to the self-reported “family background” to boost investor confidence, the current repurchase of listed companies and the increase of holdings of major shareholders or actual controllers have increased significantly.
In the first two months, the operation of the four major state-owned banks made a good start
On the evening of March 10, Industrial And Commercial Bank Of China Limited(601398) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) , China Construction Bank Corporation(601939) announced that positive results were achieved in serving the real economy in 2021, and the operation remained stable and made progress from January to February 2022. Industry insiders said that since the beginning of the year, the monetary policy has been moving forward, the total amount of credit in the banking industry has increased steadily, and the credit supply in the first quarter is expected to exceed that in the same period last year.
Service “double carbon” and multi pronged efforts to promote the great development of green finance
Green and low-carbon development is the main direction of economic and social development. Many representatives and members suggested that we should speed up the construction of a green financial system and support the development of new energy enterprises and the energy-saving and low-carbon transformation of traditional enterprises. At the same time, we will accelerate the construction of the national carbon emission trading market, expand the scale of the national carbon market and help achieve the goal of “double carbon”.
Shanghai Stock Exchange: explore a new model of bond market service support suitable for the development of mass entrepreneurship and innovation enterprises
The Shanghai stock exchange held a symposium on the development of high-quality bond market in March. The Shanghai Stock Exchange said it would further explore a new bond market service support model suitable for the development of innovative and entrepreneurial enterprises
Shanghai Securities News
Establish and improve rules to tame runaway “data Mustang”
Data is called “oil” in the era of digital economy. The acquisition and utilization of Beijing Vastdata Technology Co.Ltd(603138) need to follow a complete set of rules, otherwise it will become a “runaway wild horse”. This year’s government work report made it clear that we should improve the governance of the digital economy and release the potential of data elements.
Intensive repurchase of “Chunjiang plumbing” industrial capital releases positive signals
When the market fluctuates, more and more listed companies join the team of repurchase to inject confidence into the market. Data show that since this year, 486 listed companies have issued share repurchase plans or the latest repurchase progress, a total of 299 enterprises have implemented repurchase, and the disclosed repurchase amount has reached 17.2 billion yuan.
“Maotai style protection” came one after another, and these A-share companies were proud
According to the reporter’s statistics, after Kweichow Moutai Co.Ltd(600519) , Semiconductor Manufacturing International Corporation(688981) and Semiconductor Manufacturing International Corporation(688981) , more than 30 industry leading companies showed their latest operating books on March 10, showing the momentum of performance growth and passing confidence to investors. These companies cover the manufacturing industry, food industry, textile industry, manufacturing industry, electronic chip industry and other fields. Some companies take the initiative to announce the recent winning projects, increase good news and enhance market confidence.
Reform stimulates new vitality, and the “good news” of the gem spreads frequently
Among the GEM companies that have disclosed the performance forecast, nearly 80% of the companies are expected to make profits, and more than 60% of the companies are expected to achieve net profit growth. The incremental market and stock market of the gem have been reformed simultaneously, and the institutional dividends released have been continuously released. Under the registration system, the newly listed companies on the gem have thrived, the leading companies have performed well, the “specialized and special new” enterprises have grown strongly, and the low-carbon industry has developed rapidly
Securities Times
The reform of registration system leads the way and reshapes the ecology of capital market
The registration system is the main line running through the reform and development of the capital market in recent years. From the pilot of the science and innovation board, to the spread of the gem, and then to the promotion of the Beijing stock exchange, the capital market “feels the stone” reform has walked out of a road of capital market with Chinese characteristics suitable for the development of a shares.
“Three good” cash together fund self purchase as a friend of time
Although the recent market adjustment has weakened the profit-making effect, it should be noted that the price fluctuates around the value as a fundamental and will eventually return to the value, which is the law of the market. In the context of the continuous improvement of the market and the fundamentals of many high-quality companies, the downward fluctuation of stock prices caused by irrational emotions will provide fund managers with a rare opportunity of “good industry, good company and good price”, which is also the core logic of many fund companies and star fund managers buying fund products against the market recently.
The head company disclosed the monthly report to boost confidence, and the price earnings ratio of A-share index “hit the bottom”
Recently, the volatility of A-Shares has intensified, and the leading companies in the industry have intensively disclosed monthly operating data, boosting market confidence. Many leading companies with excellent performance intensively disclose bright performance data, which is meaningful. From the perspective of the whole market, the current index has strong valuation support. Compared with several large bottoms in history, it is found that the current valuation of A-share market is attractive.
The rise of energy has stalled, and the coal price has withdrawn the supply guarantee policy. The black department welcomes the off-season
Since the fourth quarter of last year, the national policy of ensuring supply and price stability has continued to work, making China’s coal prices operate stably as a whole. In the short term, affected by the rising price of peripheral energy, China’s coal market retreated ahead of the international crude oil price. At the same time, the downstream steel market also showed signs of correction
Securities Daily
Seven policies help China’s economy climb over obstacles
In the process of China’s national economic development, seven major policy systems have been gradually formed, including macro, micro, structure, science and technology, reform and opening up, region and society, and each has its own focus this year. It can be predicted that when China’s economic “report card” is announced in 2022, it will inevitably be another high score result.
The average increase of public REITs exceeds 20%, and the stable cash flow of underlying assets is the “last word”
Since 2022, the overall performance of the public fund market, especially the net value of equity funds, has been poor. In sharp contrast, the income of public REITs, a new financial product in the public fund market, is far ahead. According to statistics, since the listing, as of March 10 this year, the average increase of 11 public REITs after the resumption of rights has reached 21%. Many industry insiders stressed that for the infrastructure public offering REITs project, the focus of public investors should still be the stability of its underlying asset cash flow.
During the year, 81 listed companies established industrial M & a funds, and more than 60% invested in the fields of semiconductors and new energy
The establishment of industrial M & A fund by listed companies is becoming a popular way of investment and financing. Statistics show that as of March 10, a total of 81 listed companies set up industrial M & a funds during the year, and more than 60% of the company’s investment fields are aimed at semiconductors and new energy tracks.
More than 100 companies released annual reports and bright transcripts of steel and other industries
According to the data, as of March 10, 123 A-share companies had issued last year’s annual report. From the net profit attributable to the shareholders of the parent company, only 8 companies said that their net profit had suffered a loss, while other companies handed over their profit reports. The net profit attributable to the shareholders of the parent company exceeded 1 billion yuan. From the perspective of the industry, the performance of enterprises in finance, steel and chemical industry is very bright
21st Century Business Herald
The transaction in Guangzhou shows signs of recovery. Has the bottom of the first-line real estate market been completed? “Focus on stability”
It is understood that the number of first-hand houses in Guangzhou property market has rebounded recently, and the transaction of second-hand houses has also accelerated significantly. It seems that Guangzhou property market is in the stage of “bottoming”. In addition, the property markets in Beijing, Shanghai and Shenzhen have also bottomed out recently. With the improvement of capital, it is expected that the confidence of home buyers will gradually recover and the real estate market will move forward steadily.
100 billion new fund position building window period: there are still 60% of new fund low positions
In the stage of market consolidation and shock, the trend of institutional allocation has become one of the most concerned elements in the market. Data show that as of March 9 this year, the scale of the newly established fund was 146263 billion. Among the more than 140 billion funds, the total share of equity funds and hybrid funds is close to 100 billion
first finance
Bank financial management “fixed income +” becomes “fixed income -” the goal of breakeven in the period of market shock
According to the data, as of March 10, among the 29035 financial products in the whole market (excluding the products without net value data in recent six months), 4203 and 5333 in the latest month and the latest week were negative returns respectively, of which the maximum withdrawal range was more than 30%. However, at present, the proportion of “broken net” products is only 3.7%. However, compared with public funds, the public’s traditional impression of “capital preservation” of bank financial management has not been completely broken, and the tolerance of “financial loss” is significantly lower.
A number of enterprises’ debt repayment “show muscle” real estate financing end credit needs to be rebuilt
Since March, a number of real estate enterprises have released their debt repayment information, and many of them have appropriated the funds in advance. However, it is generally believed in the industry that a key prerequisite for the credit recovery of real estate enterprises is that sales return to normal levels, but at present, it still needs time
economic reference
We will improve the macro-control mechanism and increase efforts to stabilize growth
After China’s gross domestic product (GDP) exceeded 100 trillion yuan in 2020, the GDP reached 114 trillion yuan in 2021, making a good start to the 14th five year plan. While the total economic output has repeatedly reached new highs, we should also be aware that China’s economy is still in the period of structural adjustment. In addition, the economic and financial situation outside China is facing many uncertainties. It is particularly important to introduce policies conducive to stabilizing economic growth and improve the macro-control mechanism.
The legislation of digital RMB in the pilot expansion period has attracted attention
With the expansion of the pilot scope and content of digital RMB, the voice of improving the legislation related to digital RMB is increasing. Industry insiders said that at present, there is no regulation on digital RMB at the level of laws and regulations, and there is a lack of legal guarantee in the acquisition, use and risk prevention and control of digital RMB. With the expansion of the circulation scope of digital RMB, there is an urgent need for legislation to provide a solid guarantee.
