daily selection
Securities Times: on the afternoon of March 11, the e-cigarette industry ushered in two important news one after another. First, the detailed rules of the e-cigarette management measures were issued and implemented from May 1; The second is the second exposure draft of the national standard for e-cigarettes, which makes it clear that e-cigarettes should not present other flavors except tobacco. This is regarded as the biggest bad news of the e-cigarette industry. People in the industry told reporters that at present, tobacco flavored e-cigarettes account for a small proportion of China’s sales. If e-cigarettes are not allowed to add other flavors, the impact on the Chinese market will be subversive. “Tonight is destined to be a sleepless night for e-smokers”. [details]
interface news: National Health Council website March 11th, the State Council should publish the “COVID-19 virus antigen detection application plan” for New Coronavirus pneumonia epidemic prevention and control mechanism integrated group (Trial Implementation). It is mentioned that if community residents have self-test needs, they can purchase antigen detection reagents for self-test through retail pharmacies, online sales platforms and other channels. [details]
Ministry of housing and urban rural development: Ministry of housing and urban rural development issued the “14th five year plan” for housing and urban rural construction science and technology development. By 2025, the scientific and technological innovation capacity in the field of housing and urban-rural construction will be greatly improved, the scientific and technological innovation system will be further improved, and the supporting and driving role of science and technology in promoting green development of urban and rural construction, achieving the goal of carbon peak, and the transformation and upgrading of the construction industry will be significantly enhanced. Study the regional building energy efficiency improvement technology based on the accurate prediction of building user load and multi energy complementarity, carry out the integrated utilization of efficient and intelligent photovoltaic buildings, the construction of “light storage, direct and flexible” new building power system, the research and application of building city power grid energy interaction technology, and develop the efficient utilization technology of clean energy buildings such as urban wind power, geothermal and low-grade waste heat. [details]
CSRC: in order to practice the people-centered development idea, implement the principle of giving priority to civil liability and effectively protect the legitimate rights and interests of investors, in accordance with the securities law of the people’s Republic of China, the detailed rules for the implementation of the regulations of the people’s Republic of China on the state treasury and other relevant provisions, the CSRC The Ministry of finance has jointly studied and drafted the provisions on matters related to the priority of the property of securities violators to bear civil liability for compensation (Draft), which is now open to the public for comments. [details]
macro economy
central bank: RMB loans increased by 1.23 trillion yuan in february, a year-on-year decrease of 125.8 billion yuan. At the end of February, the balance of broad money (M2) was 244.15 trillion yuan, a year-on-year increase of 9.2%, 0.6 and 0.9 percentage points lower than that at the end of last month and the same period of last year respectively; The balance of narrow money (M1) was 62.16 trillion yuan, a year-on-year increase of 4.7%, 6.6 percentage points higher than the end of last month and 2.7 percentage points lower than the same period of last year; The balance of money in circulation (M0) was 9.72 trillion yuan, a year-on-year increase of 5.8%. The net cash returned in that month was 896.1 billion yuan. [details]
China Central Television news client: the Ministry of agriculture and rural areas released on the 12th that due to the inertia growth of production, there are too many pigs in China at present. Coupled with the decline in pork demand in the off-season after the Spring Festival, there is a phased surplus in pork supply. [details]
interface news: China’s settlement data show that the number of new investors in February was 1414600, an increase of 6.82% month on month. [details]
surging news: Chen Shihua, Deputy Secretary General of China Automobile Industry Association, said that at the end of last year, the inventory gap of automobile enterprises was as high as 1.5 million, and it would take at least 1-2 years to recover to the pre epidemic level. However, the primary task of current auto enterprises is not to replenish inventory, but to solve the problem of market supply and demand. He mentioned that there is still a big gap in the current supply of automobile chips, which is still not significantly improved compared with the fourth quarter of last year. Automobile enterprises still have to wait for a long time to buy chips. At present, the task of car enterprises is to give priority to meeting market demand. [details]
industry trends
China Business Daily: the reporter noted that affected by the sharp rise in the prices of raw materials such as nickel, cobalt and lithium, the recycling price of power batteries has soared recently, and the retired new energy vehicle power batteries have become a “sweet pastry” for professional recycling enterprises to grab goods at high prices. According to a recent report by China Central Television finance and economics, since the first half of last year, the recycling price of a single battery has generally increased from more than 20000 yuan to more than 30000 yuan, an increase of nearly 50%. [details]
Zhongxin longitude and latitude: recently, oil price related topics have attracted much attention, and many consumers want to change to new energy vehicles. As everyone knows, the “threshold” of new energy vehicles is also quietly increasing. Ordering a car one day late and “losing” a mobile phone is not a joke. The price rise of new energy vehicles began as early as last year. From the end of 2021 to February 2022, Byd Company Limited(002594) , Nezha and other new energy vehicle brands announced price increases; On March 1, there was another wave of concentrated price rise, involving many models of many new energy brands such as great wall Euler, SAIC Roewe and Weima. [details]
Shanghai Securities News: according to the data of Baichuan information, since March this year, as the main variety of potassium fertilizer, the price of potassium chloride in China has exceeded 4000 yuan per ton, reaching 4200 yuan / ton, up 3.53% from last week, 20.86% from last month, and more than 106% from the same period last year. “Due to the tense situation in Russia and Ukraine and the strong demand for spring ploughing, there is a shortage of spot supply of potassium fertilizer in the Chinese market. Our orders are saturated and the supply of products is in short supply.” The person in charge of a listed company that produces potash fertilizer said. [details]
China Central Television finance and Economics: every March and April is the period when corn grain stocks are listed intensively. However, since the end of February this year, corn prices have risen rapidly, and many farmers are reluctant to sell. Industry insiders pointed out that at present, China’s pig production capacity and the optimization of feed proportion will reduce the demand for corn to a certain extent. At the same time, the market’s expectation of easing the conflict between Russia and Ukraine has increased, and there is little probability that the price of corn will continue to rise sharply in the later stage. [details]
stock market focus
Citic Securities Company Limited(600030) research: A shares have recently suffered from serious emotional venting due to the superposition of internal and external risks, resulting in three serious deviations. At the same time, with the arrival of three critical points, the market bottom has been confirmed twice, and A shares are about to usher in the resonance of value and growth.
On the one hand, the recent ultra stable growth policy of A-Shares deviates from that of China; Investor sentiment is seriously deviated from China’s sound economic fundamentals; The current valuation level of A-Shares is seriously deviated from the historical and global comparable valuation level. On the other hand, it is expected that the expectation of the conflict situation between Russia and Ukraine will gradually enter the critical point of improvement; After the “two sessions”, the steady growth policy has entered the critical point of renewed force; Investors’ serious emotional venting and position reduction are also gradually entering the critical point. The “market bottom” of A-Shares has been confirmed for the second time, and will usher in the resonance upward of value and growth with the repair of the three deviations. [details]
financial Associated Press: one side is share repurchase, the other side is the support of shareholders to increase their holdings, and the listed company’s share price “defense war” has sufficient firepower. In the five trading days of this week, there have been as many as 170 announcements on share repurchases by listed companies and 45 announcements on increasing shareholders’ holdings. The above data is only the “tip of the iceberg” for listed companies to support the stock price. Since this year, 303 listed companies have implemented A-share repurchase, with a repurchase amount of 17.919 billion yuan. From the perspective of selling strength, there are 9 listed companies with a repurchase amount of more than 500 million yuan and 42 with a repurchase amount of more than 100 million yuan. [details]
Securities Times: covid-19 virus antigen detection application scheme (Trial) stipulates the applicable population for antigen detection, and defines the main conditions to be met for antigen detection among the three groups of people and the access to detection reagents. The plan also specifically proposes that community residents who need self-test can purchase antigen test reagents for self-test through retail pharmacies, online sales platforms and other channels. Although it is only used as a supplementary test for epidemic prevention and control, due to the advantages of convenient covid-19 virus antigen detection reagent and self inspection, some institutions predict that the scale of antigen detection will reach 100 billion in the Chinese market. [details]
financial Associated Press: snowball products have become the target again. On March 11, there was another rumor that “today’s snowball exploded, and the snowball linked to the Hang Seng technology index hit more in one day than the sum of previous history. All the snowballs before March this year hit today”. However, many market participants interviewed denied the above statement, “from the index point corresponding to the issuance time of existing products, most products have not reached the knock-in boundary, and a large number of selling basically will not exist.” At the same time, relevant people also mentioned that very few products issued at the highest point of last year are close to knocking in. It is roughly estimated that the corresponding scale is about 20 billion to 30 billion. Combined with the current average daily trading volume of the A-share market exceeding trillion, the impact is still small. [details]
subscription of new shares: Shouyao holdings, Heshun Technology
new bond subscription: Tiandi convertible bond
IPO: jusailong, silinger
new bond listing: none
company news
Qingdao Novelbeam Technology Co.Ltd(688677) : shareholders plan to reduce no more than 12.9% shares of the company
Guangdong Golden Glass Technologies Limited(300093) : shareholder he Guangxiong plans to reduce the company’s shares by no more than 6.56%
Snowsky Salt Industry Group Co.Ltd(600929) : the net profit in the first two months increased by about 125% year-on-year
Xiamen Tungsten Co.Ltd(600549) : the net profit in the first two months increased by about 26.89% year-on-year
Starpower Semiconductor Ltd(603290) : : net profit of RMB 398 million in 2021, with a year-on-year increase of 120.54%
Zhejiang Jasan Holding Group Co.Ltd(603558) : net profit in the first two months increased by 136.69% year-on-year
Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) : the net profit in the first two months was about 1.6 billion yuan, with a year-on-year increase of about 110%
Shenzhen Senior Technology Material Co.Ltd(300568) : 1-february net profit increased by about 160% year-on-year
Zhejiang Jasan Holding Group Co.Ltd(603558) : 1-february net profit increased by 136.69% year-on-year
China Meheco Group Co.Ltd(600056) : Pfizer covid-19 has not entered the national medical insurance and covid-19 pneumonia diagnosis and treatment plan
Longi Green Energy Technology Co.Ltd(601012) : signed 19.5 billion yuan major investment agreement
Jiangsu Hengrui Medicine Co.Ltd(600276) : intends to repurchase shares with RMB 600 million-1.2 billion
Bgi Genomics Co.Ltd(300676) : Change of medical device registration certificate of covid-19 antigen detection products of holding subsidiary
Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) : increase the price of some main products of the company
data list
Shanghai and Shenzhen Stock Markets: on March 11, the stock indexes of the two markets fell sharply, and the three indexes fell by more than 2%. In the afternoon, driven by covid-19 testing, securities companies and other hot spots, they turned red, and the gem index rose by more than 1%. As of the close, the Shanghai index rose 0.41%, the Shenzhen Composite Index rose 0.62% and the gem index rose 1.15%. In terms of sectors, the covid-19 detection concept soared by nearly 7%, several stocks such as Shanghai Labway Clinical Laboratory Co.Ltd(301060) , Guangzhou Wondfo Biotech Co.Ltd(300482) and Andon Health Co.Ltd(002432) rose by 20%, and a large number of stocks such as Andon Health Co.Ltd(002432) rose by the limit; Seed industry, covid-19 drug concept, digital currency, brokerage, agriculture, tourism and other sectors also rose sharply, while electricity, oil and other sectors fell. More than 2900 stocks rose in the two cities. About 90 stocks rose by 10% or more.
Hong Kong stocks: Hong Kong stocks rebounded at a low afternoon, and the Hang Seng index still fell 1.61%; Hang Seng technology index closed down 4.28%, once down 9%. Internet technology stocks fell collectively, Jingdong fell more than 11%, beep dropped 10%, Alibaba fell 5%, Kwai fell 6%. Close to regulators said that the consultation between Chinese and American regulators on audit supervision cooperation was relatively smooth. The afternoon decline of relevant Chinese concept stocks returned to Hong Kong narrowed. Hehuang pharmaceutical fell 9%, zaiding pharmaceutical fell 6%, yum China fell 5% and Baiji Shenzhou fell 4%.
Shanghai Shenzhen Hong Kong stock connect: march 11, statistics showed that the total net sales of northbound funds were 5.042 billion yuan, including 3.142 billion yuan for Shanghai Stock connect and 1.9 billion yuan for Shenzhen Stock connect.
Among the top ten traded stocks, the top three in net purchases were Luxshare Precision Industry Co.Ltd(002475) , Nari Technology Co.Ltd(600406) , Zijin Mining Group Company Limited(601899) , with net purchases of 231 million yuan, 113 million yuan and 91 million yuan respectively. The top three in net sales are Kweichow Moutai Co.Ltd(600519) , Naura Technology Group Co.Ltd(002371) , Wuxi Apptec Co.Ltd(603259) , with net sales of 848 million yuan, 569 million yuan and 504 million yuan respectively.
dragon and tiger list: on March 11, the largest net capital inflow was Andon Health Co.Ltd(002432) , amounting to 483 million yuan. Data show that the stock closed within the daily limit, with a turnover rate of 17.13% throughout the day. The top net inflow of funds was Orient Securities Company Limited(600958) Shanghai Yuanshen Road, with a net purchase of 282 million yuan. A total of 25 shares were involved in the institutional participation in the dragon and tiger list, of which 13 shares were net bought by the institution, and Zhejiang Orient Gene Biotech Co.Ltd(688298) was the most bought, amounting to 512 million yuan. In addition, 12 shares were sold by institutions, and Guangzhou Wondfo Biotech Co.Ltd(300482) was sold the most, with a net sales of 368 million yuan in three days.
margin trading : as of March 10, the balance of Shanghai and Shenzhen stock markets was 1712314 billion yuan, a decrease of 121 million yuan compared with the previous trading day. Among them, the financing balance was 1619487 billion yuan, a decrease of 2.101 billion yuan compared with the previous trading day; The balance of securities lending was 92.827 billion yuan, an increase of 1.98 billion yuan over the previous trading day.
Shibor : Shibor reported 2.0510% overnight, up 2.6 basis points; Shibor reported 2.1020% in seven days, up 2.0 basis points; Shibor reported 2.3620% in three months, unchanged from the previous day
foreign exchange
On March 11, the central parity rate of RMB was reported at 6.3306, down 201 points, and the central parity rate of the previous trading day was reported at 6.3105 The onshore RMB closed at 6.3228 against the US dollar at 16:30, down 12 basis points from the previous trading day
property market observation
surging news: on March 11, the Department of housing and urban rural development of Henan Province, Zhengzhou Central Branch of the people’s Bank of China and Henan banking and insurance regulatory bureau announced the opinions on further regulating the supervision of commercial housing pre-sale funds. The opinions put forward that all income obtained by real estate development enterprises from pre-sale of commercial housing, including deposit, down payment, installment payment, one-time payment, bank mortgage loan and housing provident fund loan, should be included in the supervision scope of pre-sale funds of commercial housing. [details]
Zhongxin Jingwei: 11, Zhongxin Jingwei learned from the industry that Zhongyuan Bank recently launched a special housing mortgage loan for “college students studying in Zhengzhou” and a housing mortgage loan for new citizens in Zhengzhou. Zhongxin Jingwei called several branches of Zhongyuan bank in Zhengzhou, and the customer managers confirmed that the news was true. It is reported that the special discount for housing mortgage loans of college students in Zheng is the annual interest rate of 4.7% (simple interest); The repayment method supports the planned repayment method of equal principal, equal principal and interest and any principal; The longest repayment period can be 30 years. [details]
China Securities News: institutional data show that as of March 8, 55 local real estate market regulation policies have been adjusted this year, including reducing the down payment ratio, reducing the housing loan interest rate, relaxing the requirements for provident fund loans, etc. Experts believe that the implementation of the “reasonable housing policy” will be further strengthened to meet the requirements of the commercial housing market. [details]
International Information
surging news: on March 10 local time, the National Highway Traffic Safety Administration (NHTSA) of the U.S. Department of transportation issued the first passenger protection regulations for driverless vehicles, and the specific effective time has not been disclosed. The rule states that the effective date is inserted 180 days after the publication of the final rule in the Federal Register. If effective, this means that the fully automatic driving vehicle no longer needs to be equipped with traditional manual control devices such as steering wheel, brake or accelerator pedal to meet the occupant safety protection standards in collision. [details]
financial Associated Press: “say no to Europe”, which has become a phrase often heard in the global investment circle recently. The latest statistics also verify this investment tendency: investors are accelerating their withdrawal from European stocks. Citing the latest data from epfrglobal, a data agency, Bank of America said that in the week ended March 9, European equity funds had a net outflow of $13.5 billion, which doubled from the record outflow of the previous week. During the same period, equity funds in the United States, Japan and emerging markets were net inflows. [details]
China Central Television finance and Economics: recently, global energy prices have continued to rise, and gasoline prices in Italy and China have entered an era of 2 euros per liter, which makes many Italians unable to afford to drive. With the sharp rise in oil prices, many Italians began to change their way of travel, driving more motorcycles or public transport, and some began to ride bicycles or even walk. [details]
futures market
China Futures: China commodity futures closed, the main contract of Shanghai nickel fell by the limit, crude oil fell by more than 7%, Lu fell by more than 4%, SS and asphalt fell by more than 3%, pigs and NR fell by more than 2%, eg and PTA fell by more than 1%, fuel oil and Shanghai Bank fell slightly; Iron ore rose by more than 3%, urea and Shanghai aluminum rose by more than 2%, hot coil and ferrosilicon rose by more than 1%, and Shanghai tin and Shanghai copper rose slightly.
International Futures: international oil prices rose on the 11th. As of the closing of the day, the futures price of light crude oil for April delivery on the New York Mercantile Exchange rose by US $3.31 to US $109.33 a barrel, or 3.12%; London Brent crude oil futures for delivery in May rose US $3.34, or 3.05%, to US $112.67 a barrel. April gold futures, the most actively traded gold futures market on the New York Mercantile Exchange, fell $15.4 on the 11th from the previous trading day to close at $1985 an ounce, down 0.77%
overseas index
US stock market: as of the close, the S & P 500 index fell 1.30% to 420431; The NASDAQ index fell 2.18% to 1284381; The Dow Jones index fell 0.69% to 3294419. From the perspective of industry concept, agricultural machinery, infrastructure, leasing services, shipping and anti-cancer medicine sectors rose higher under the favorable conditions of the new US budget, and China concept stocks continued to decline significantly.
European stock markets: major European stock indexes closed generally higher, with the European Stoxx 50 index up 0.98%, the UK FTSE 100 index up 0.79%, the German DAX30 index up 1.33% and the French CAC40 index up 0.85%.
Asia Pacific Stock Market: Nikkei 225 index closed down 527.62 points, or 2.05%, at 2516278 points. South Korea’s Kospi index closed down 19.04 points, or 0.71%, at 266128 on March 11.
