Double financing balance
As of December 31, the balance of the two financial institutions of the Shanghai Stock Exchange was reported as 980.601 billion yuan, a decrease of 4.817 billion yuan compared with the previous trading day; The two financial balances of Shenzhen Stock Exchange reported 851.59 billion yuan, a decrease of 3.753 billion yuan compared with the previous trading day; The two cities totaled 1832.191 billion yuan, a decrease of 8.57 billion yuan over the previous trading day.
Latest views
Last Friday, the stock indexes of the two A-share markets fluctuated at a high level. As of the closing, the Shanghai stock index rose 0.57%, the Shenzhen Component Index rose 0.41%, the gem index rose 0.00%, the Shanghai and Shenzhen 300 rose 0.38%, the Shanghai Stock Exchange 50 rose 0.38%, and the China Stock Exchange 500 rose 0.66%. The number of gainers in the two cities was 2720, higher than the average value of 1974 last week and lower than 2914 the previous trading day. The daily limit was 72, lower than the average value of 100 last week and lower than 100 on the previous trading day. Northbound funds had a net inflow of 4.573 billion yuan, with an average net outflow of 305 million yuan last week and a net inflow of 8.141 billion yuan the previous trading day. The turnover of the two cities was 1063.5 billion yuan. A-Shares maintain the upward contraction. At present, the rebound cycle has not ended. With the continuous market strengthening of “wide currency”, stable credit + structural wide credit, A-Shares are expected to continue to maintain the upward rhythm. In December 2021, the manufacturing PMI index was 50.3, rising for two consecutive months; Non manufacturing PMI was 52.7, up 0.4 percentage points from the previous month. The economic situation in the fourth quarter of 2021 was better than the market had expected. The good economic situation, combined with the current loose liquidity, is expected to make a breakthrough in the area above 3700 points, taking the A-share Shanghai Composite Index as an example.
Topic tracking
Today’s focus: Traditional Chinese medicine, photovoltaic equipment, chicken theme
1. Theme of traditional Chinese medicine: on December 30, the State Food and Drug Administration and other eight departments jointly issued the national plan for drug safety and promoting high-quality development in the 14th five year plan, which proposed that at the end of the 14th five year plan, new steps were taken in the inheritance, innovation and development of traditional Chinese medicine, and a review evidence system combining traditional Chinese medicine theory, human experience and clinical trial was preliminarily established, Gradually explore and establish safety evaluation methods and standard system in line with the characteristics of traditional Chinese medicine, and the modern supervision system of traditional Chinese medicine will be more perfect. Since this year, the favorable policies of traditional Chinese medicine have occurred frequently. Inheritance, innovation and coordinated development of traditional Chinese and Western medicine have become national strategies. At present, the performance of traditional Chinese medicine enterprises has ushered in marginal improvement, and the industry is expected to usher in greater development in the future. Suggestions: Gansu Longshenrongfa Pharmaceutical Industry Co.Ltd(300534) (300534), Tianjin Chase Sun Pharmaceutical Co.Ltd(300026) (300026)
2. Theme of photovoltaic equipment: on December 3, the Ministry of industry and information technology issued the “14th five year plan” for industrial green development; On October 24, 2021, the CPC Central Committee and the State Council issued the opinions on completely, accurately and comprehensively observing the new development concept and doing a good job in carbon peak and carbon neutralization, which defined the top-level design guidance of “1” in the dual carbon “1 + n” policy system. The policy proposes to increase the proportion of non fossil energy consumption, initially form a green and low-carbon circular economic system in 2025, and reach about 20% of non fossil energy consumption. As an important part of new energy industry, photovoltaic industry has broad development prospects and policy support. Suggestions: Sineng Electric Co.Ltd(300827) (300827), Yingkou Jinchen Machinery Co.Ltd(603396) (603396)
3. Chicken theme: in the short term, under the background of the overall rise of industrial breeding costs, there is still a small space for the seasonal rise of pig prices. As a substitute for pork, the demand for chicken also has room to rise. At the same time, protein substitution consumption will continue to support the logic of egg price, especially before the Spring Festival, the linkage boosting effect of centralized replenishment demand will be more obvious. It is suggested to pay attention to: New Hope Liuhe Co.Ltd(000876) (000876), Shandong Xiantan Co.Ltd(002746) (002746).
Risk statement
The epidemic has not been effectively controlled, the macro economy has unexpectedly declined, the liquidity crunch has intensified, and the industrial policies are lower than expected.
