March 15th (Tuesday), the main contents of today’s headlines are:
China Securities Journal
China Securities News front page: “black swan” will not change the long-term operation logic of the stock market
On March 14, the Shanghai and Shenzhen stock indexes continued to adjust. Recently, the A-share market has been impacted by the conflict between Russia and Ukraine and the spread of covid-19 pneumonia. The characteristics of emotional market are obvious, and investors’ risk appetite has decreased. Analysts believe that the “black swan” events such as geopolitics will not change the economic fundamentals or the internal operation trend of the capital market.
The use of foreign capital increased by nearly 40% in the first two months, confirming China’s attractiveness
According to the data released by the Ministry of Commerce on March 14, from January to February, the actual amount of foreign capital used in China was 243.7 billion yuan, a year-on-year increase of 37.9% (equivalent to US $37.86 billion, a year-on-year increase of 45.2%; excluding banking, securities and insurance). Experts said that the high growth rate of foreign investment absorption reflects that China has stabilized its economic fundamentals and remained attractive to foreign investment in response to external uncertainties such as the repeated global covid-19 pneumonia epidemic. With the support of a series of policies, the scale of foreign investment in the whole year is expected to maintain a good trend.
Ministry of industry and information technology: make every effort to maintain the stable operation of industrial economy
Xiao Yaqing, Secretary of the Party group and Minister of the Ministry of industry and information technology, presided over the enlarged Party group meeting on March 14. The meeting stressed the need to place steady growth in a more prominent position and make every effort to maintain the stable operation of the industrial economy. We will solidly promote the construction of new infrastructure such as 5g, industrial Internet and data center, accelerate the industrialization and large-scale application of digital technology, and promote the sustainable growth of digital economy.
The rise of bond market reflects the rise of loose expectations
According to the analysis of insiders, the poor performance of financial data in February, combined with the multi-point spread of covid-19 pneumonia in China, triggered market speculation on monetary easing, and the bond market was moved. At present, the trend of “broad money” is still in progress, and the bond market interest rate is still possible to decline. However, it should be noted that the bond market interest rate level has been low, the recent decline has reflected some loose expectations in advance, the steady growth orientation is clear, the bond market game space is narrow, and the further decline of interest rate may need to be driven by more unexpected factors
Shanghai Securities News
The growth rate of foreign investment in the first two months exceeded 30%, and China is still a hot land for investment
The Ministry of Commerce yesterday released the data on China’s non-financial foreign investment in the first two months of this year: China’s actual use of foreign investment reached 243.7 billion yuan, a year-on-year increase of 37.9%, the highest growth rate since April 2021; Equivalent to US $37.86 billion, with a year-on-year increase of 45.2%.
AMC will step up its financial support for the real estate industry
Financial support for risk clearing in the real estate industry has been intensified. Following the issuance of 10 billion yuan of financial bonds by China Eastern for the rescue and insurance of the real estate industry, another national asset management company (AMC) made a timely move.
Ministry of industry and information technology: put steady growth in a more prominent position
Xiao Yaqing, Secretary of the Party group and Minister of the Ministry of industry and information technology, presided over the enlarged Party group meeting on March 14 to convey and study the spirit of the important speech of the general secretary of Xi Jinping and the spirit of the two sessions of the country, and study and deploy the implementation work.
The tightening of overseas liquidity has dragged down the “steady growth” policy of a shares, which is expected to repair the market
On the 14th, the A-share and Hong Kong stock markets fell simultaneously: the Hang Seng Index fell 4.97%, the largest one-day decline since May 2020, and fell below the 20000 point mark for the first time since 2016; The three major A-share indexes fell by more than 2%, led by the gem index, which fell 3.56% as of the close. The turnover of the Shanghai and Shenzhen stock markets totaled 969.9 billion yuan
Securities Times
The policy mix is stable, the economy is reasonable, and medium and high-speed growth is expected to be achieved
This year’s government work report mentioned that it will provide stronger support for the smooth operation of the economy through a variety of policy measures and regulation means. How can China’s economy achieve steady progress? What risks should we pay attention to in economic operation?
In the first two months, China’s foreign investment exceeded 240 billion, an increase of nearly 38%
On March 14, the Ministry of Commerce released data that from January to February, excluding banking, securities and insurance, the actual amount of foreign capital used in China was 243.7 billion yuan, a year-on-year increase of 37.9%.
Foxconn Shenzhen Apple factory shut down and many companies disclosed the impact of the epidemic in Shenzhen
Affected by the Shenzhen epidemic, Foxconn Shenzhen Park has been shut down since March 14, including Foxconn Shenzhen Apple iPhone production line. At the same time, as of press time, many companies have disclosed the impact of the Shenzhen epidemic.
With the advent of the “200 million plus” era, investor protection needs to work in the same direction as reform
The official website of China Clearing recently announced that “since it exceeded 150 million in March 2019, the number of investors has been growing, reaching 200087 million by February 25, 2022.”
Securities Daily
Li Keqiang presided over the executive meeting of the State Council to determine the division of key tasks in the government work report
Premier Li Keqiang presided over the executive meeting of the State Council on March 14 to determine the division of key tasks in the government work report, which requires solid and strong implementation to promote the steady operation of the economy in climbing over the ridge.
Last year, the annual capital of enterprises reached 2.64 trillion yuan, and the investment income was 124198 billion yuan
According to the summary of national enterprise annuity fund business data in 2021 released by the Ministry of human resources and social security, by the end of 2021, the national enterprise annuity accumulation fund had 2.64 trillion yuan, the actual operating assets were 2.6 trillion yuan, 4965 portfolios were established, the investment income of that year was 124198 billion yuan, and the weighted average rate of return of that year was 5.33%.
Market shocks contributed to the participation of 27 public fund companies in the fixed growth of Listed Companies in the low-risk “window period” during the year
At the time of market shock adjustment, public funds focused on fixed growth market opportunities. According to the data, based on the issuance date, as of March 14, 27 public fund companies have participated in the fixed increase of A-share listed companies this year, with a total scale of 14.047 billion yuan.
During the year, 75 listed companies announced repurchase plans, and the minimum repurchase amount of 29 companies exceeded 100 million yuan
The tide of A-share repurchase is rising again! According to Hithink Royalflush Information Network Co.Ltd(300033) data, since the beginning of this year, as of 5:00 p.m. on March 14, a total of 75 listed companies have announced repurchase plans for a shares, of which 14 listed companies are in the stage of board plan, 51 listed companies are in the process of repurchase, 9 listed companies have completed share repurchase, and Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) has cancelled the repurchased shares
people’s daily
Enhancing “leverage”, serving new infrastructure and revitalizing real estate — how to stabilize investment and Finance
Investment plays a key role in steady growth.
The government work report puts forward that “infrastructure investment should be carried out moderately ahead of schedule around the major national strategic deployment and the 14th five year plan” and that “it is necessary to optimize the investment structure, solve investment problems and give full play to the key role of investment.”
21st Century Business Herald
More than 1000 bank financial products “break the net”: resonance adjustment of stock and bond markets outside China
According to the data, as of March 14, there were 28811 bank financial products in the whole market, including 1606 with cumulative net value less than 1, 2304 with cumulative net value equal to 1 and 26507 with cumulative net value greater than 1.
Longtou set off another wave of production expansion, and the situation of photovoltaic Jianghu is rising again
This time, the 400 billion photovoltaic leader Longi Green Energy Technology Co.Ltd(601012) ( Longi Green Energy Technology Co.Ltd(601012) . SH) set off the storm. On March 14, the company announced that it would invest about 19.5 billion yuan in the annual output of 20GW monocrystalline silicon rod and chip project, 30GW high-efficiency monocrystalline cell project and 5GW high-efficiency photovoltaic module project
first finance
These are the key points of this year’s efforts to speed up major transportation projects in the 14th five year plan
In 2022, we will build 102 major projects in the 14th five year plan with high quality. Accurately and effectively promote the construction of major infrastructure projects in the fields of transportation, water conservancy, logistics, energy, new infrastructure and people’s livelihood.
When the hedge funds fled 50 billion, major international banks shouted “super match China”
Duan Yifan, a researcher of Morgan Stanley Huaxin Fund Research and management department, told reporters that the external conflict pushed up the oil price, the market’s concern about inflation intensified, the overseas market adjusted sharply, the A-share sentiment was also impacted, and the Hong Kong stock market was subject to the additional impact of China concept stock supervision. The continuous decline triggered negative feedback at the capital level, which accelerated the decline of the market. However, Goldman Sachs said that at present, the Chinese market is oversold and maintains the oversold MSCI China Index. The agency believes that the fair P / E ratio of MSCI China should be 12.5 times, rather than the current 9.9 times, which is the lowest in six years
economic reference
National Standing Committee: put steady growth in a more prominent position and strive to complete the annual goals and tasks
Premier Li Keqiang presided over the executive meeting of the State Council on March 14 to determine the division of key tasks in the government work report, which requires solid and strong implementation to promote the steady operation of the economy in climbing over the ridge.
The layout of state-owned assets is excellent, the structure is adjusted, the reorganization and integration are accelerated, and the drama continues
2022 is the year when the three-year action of state-owned enterprise reform will be tackled and concluded. One of the important tasks is to speed up the optimization of the layout and structural adjustment of the state-owned economy. Since the beginning of the year, the reorganization and integration of state-owned enterprises has been a big drama from the central to local governments, and more new actions will be implemented in the future. Compared with previous years, this year’s reorganization and integration of state-owned enterprises put more emphasis on “promoting state-owned enterprises to focus on the main responsibility and main business, and improving the support and driving ability of industrial chain and supply chain”. In the view of insiders, this is a necessary measure to deal with the changes in the supply situation outside China and realize the high-quality development of state-owned enterprises. In the future, state-owned enterprises will further cooperate with private enterprises to “strengthen the chain” and “supplement the chain” through two-way mixed reform and other ways.
