March 16th (Wednesday), the main contents of today’s headlines are:
China Securities Journal
More initiatives to boost confidence of listed companies
Recently, A-shares continued to fluctuate and adjust. At this time, many listed companies took the initiative to “show their muscles” and boost market confidence by disclosing the operation from January to February, repurchase, overweight and investor research minutes. Insiders believe that fundamentals are the core that determines the medium and long-term trend of stocks, and the medium and long-term good trend of China’s economic fundamentals has not changed. Under this premise, the A-share valuation can be repaired.
What about the economic situation
Is China’s economy stable? The data released by the National Bureau of statistics on March 15 gives the answer: the economic recovery in the first two months of this year was better than expected. However, under the influence of multiple internal and external factors, the A-share market continues to adjust significantly.
“Smart money” fell and bought more ETFs with a single day of more than 2.7 billion yuan
Data show that since this year, more than 66.6 billion yuan of net capital has flowed into equity ETFs On the single day of March 15, the net inflow of funds exceeding 2.7 billion yuan into equity ETFs Industry insiders said that the bottom reading of funds through ETF reflects that some funds are optimistic about the future market in the short-term market adjustment stage.
The upward time window of the front-line private placement market is approaching
Affected by the geographical situation and the spread of covid-19 pneumonia in China, the A-share market adjusted again on March 15. The latest strategic views from a number of first-line private placement show that the current round of rapid market adjustment has “fully priced” the relevant internal and external negative factors. In this context, the time window for A-Shares to stop falling upward is expected to be approaching
Shanghai Securities News
Real gold and silver show confidence, and A-share companies “buy back one after another”
“Real gold and silver” shows confidence! In the face of the recent continuous adjustment of the A-share market, a number of listed companies launched repurchase plans on the evening of March 15 to convey confidence to the market.
Macroeconomic “open the door and stabilize” the capital market does not change the basis for steady operation
Recently, the situation outside China is complex and changeable, and there are some worries in the market. The economic data released yesterday has become the best window for investors to observe the economic start of this year. The main macro indicators in the first two months were better than expected, which made a good start for the smooth operation of the economy throughout the year and added confidence to the long-term and steady development of the capital market.
The release of major economic data from January to February started better than expected, and the economy showed bursts of warmth
The macroeconomic data of the first two months released by the National Bureau of Statistics yesterday showed that various indicators of production demand rebounded more than expected, and the positive momentum of economic operation appeared.
The overall stability of the two financial institutions touching the “early warning line” is only a case
From the data as of March 14, there was no significant change in the balance of A-share financing and financing. Since March, although the balance of two financial institutions in Shanghai and Shenzhen has decreased slightly, it has remained stable on the whole. On Monday, the balance of margin trading and securities lending in Shanghai and Shenzhen was 1706098 billion yuan, a decrease of 1.254 billion yuan from the previous trading day and 21.051 billion yuan from the end of last month
Securities Times
Steady growth was effective and the economy recovered more than expected in the first two months
On March 15, the data released by the National Bureau of statistics showed that China’s economy showed bursts of warmth and positive changes increased significantly. According to statistics, from January to February, major production demand indicators such as industrial production, fixed asset investment and total retail sales of social consumer goods rebounded comprehensively. At the same time, prices remained stable, the balance of payments remained basically balanced, and the innovation driven trend was obvious, laying the foundation for a good start in the first quarter of this year.
Since the beginning of the year, the financing of real estate M & A has exceeded 150 billion
The national economic operation data for the first two months released by the National Bureau of Statistics yesterday was better than expected. At the same time, the statistics of China Index Research Institute show that with the support of a series of financial policies, the financing of real estate M & A has exceeded 150 billion yuan since the beginning of the year.
In the first two months, the net profit of central enterprises exceeded 280 billion, an increase of 20.4% year-on-year
Recently, the Party committee of SASAC held an enlarged meeting. According to the data released at the meeting, from January to February, central enterprises realized an operating revenue of 5.7 trillion yuan, a total profit of 367.87 billion yuan and a net profit of 282.17 billion yuan, with a year-on-year increase of 17.6%, 20.6% and 20.4% respectively.
MLF interest rate is fixed by soldiers. Experts expect that the interest rate reduction in the second quarter can be expected
On March 15, the central bank announced that in order to maintain the reasonable and abundant liquidity of the banking system, it carried out 200 billion yuan medium-term lending facility (MLF) operation and 10 billion yuan open market reverse repurchase operation on the same day, and the bid winning interest rates were 2.85% and 2.1% respectively, which was the same as that of the previous period. On the same day, 100 billion yuan of MLF and 10 billion yuan of reverse repurchase expired in 7 days, and 100 billion yuan of net investment was invested after hedging
Securities Daily
At the beginning of the year, China’s economy recovered better than expected, with significant positive changes in six aspects
Fu Linghui, spokesman of the National Bureau of statistics and director of the Department of comprehensive statistics of the national economy, said that the positive changes were mainly reflected in six aspects: first, the main production demand indicators and investment picked up, and market sales continued to improve. From January to February, the added value of industries above designated size increased by 7.5% year-on-year, 3.2 percentage points higher than that in December of last year; Investment in fixed assets increased by 12.2% year-on-year, 7.3 percentage points faster than that of the whole year of the previous year; The total retail sales of social consumer goods increased by 6.7% year-on-year, 5 percentage points faster than that in December last year.
Two banks suffered a “H + H” share price premium
In March, similar to the A-share banking sector, the H-share share price of mainland banks also suffered a “cold spring”. As of Tuesday’s close, H shares of mainland banks had fallen by an average of 6.54% in the month, of which H shares of eight banks had fallen by more than 10%.
Five chief executives look at a shares: multiple positive factors will help China’s stock market “break through”
The reporter of Securities Daily interviewed five chief economists or chief strategists on the current valuation level and long-term trend of a shares. Experts said that at present, the valuation level of A-Shares is below the historical average, and the follow-up should gradually focus on fundamentals. From the perspective of China’s economic fundamentals, market liquidity and enterprise performance, multiple positive factors will help A-Shares “break through” in the future.
The central bank launched 210 billion yuan of “MLF + reverse repurchase”, and experts expect the probability of interest rate reduction to increase in the second quarter
In order to maintain the reasonable and abundant liquidity of the banking system, on March 15, 2022, the people’s Bank of China carried out RMB 200 billion medium-term lending facility (MLF) operation and RMB 10 billion open market reverse repurchase operation. Among them, the bid winning interest rate of one-year MLF is 2.85%, and the bid winning interest rate of seven-day reverse repurchase is 2.10%, which are the same as before. Experts expect that the possibility of another reduction of MLF interest rate in the second quarter will increase People’s daily
Promote the collaborative layout of computing power network of “counting from east to west”
Since the publication of the implementation plan of the computing power hub of the collaborative innovation system of the national integrated big data center in May last year, the “computing in the East and computing in the west” project has attracted extensive attention from all walks of life.
Recently, the national development and Reform Commission and other departments jointly issued a notice agreeing to start the construction of national hub nodes of computing network in Beijing, Tianjin and Hebei, opening a new chapter in the cross regional overall layout of China’s land and space computing resources
21st Century Business Herald
The price of chemical fertilizer may push up the cost of grain planting, and the subsequent rise of international grain prices may have limited momentum
On March 14 local time, the fourth round of negotiations between Russia and Ukraine began. For some time, the uncertainty of the situation in Russia and Ukraine has prompted the rise of risk aversion in the financial market, and the prices of bulk commodities such as energy and grain have increased significantly.
China’s economy has made a good start in 2022 and is expected to grow by more than 5% in the first quarter
On March 15, the National Bureau of statistics released the economic data from January to February. The economic data from January to February were generally better than expected, and the growth rate of industry, consumption and investment was accelerating, which was not only better than that in December last year, but also significantly faster than the average growth rate of two years in 2021
first finance
The valuation of A-Shares is lower than the bottom of 2008. Is the cost-effective allocation window coming?
Many insiders believe that compared with the large bottom in history, the current market valuation is at a relatively low level in history. Compared with other major markets, the relative valuation is also attractive. It has begun to show more configuration value and high cost performance.
Will the pig cycle reverse from April to May this year? Industry: the market may predict your prediction
Pig prices have been falling since 2022. Braque Shenzhen Agricultural Products Group Co.Ltd(000061) data terminal shows that on March 15, the national pig price has fallen to 11.98 yuan / kg, and the pig price in North China and Northeast China has generally fallen to 11.5 ~ 11.6 yuan / kg
economic reference
More than 100 listed companies disclosed the dividend plan for 2021, and cash dividends have gradually become the mainstream
During the annual report season, the profit distribution plans of listed companies were released one after another. According to the data, as of the press time of March 15, 145 A-share listed companies had disclosed their dividend plans, and many of them had launched “big” cash dividends. In recent years, driven by policy guidance and supervision, cash dividend has become the main way of profit distribution of listed companies.
China’s economy will be stable and far-reaching
For some time, affected by multiple factors such as increased external uncertainty and repeated outbreaks, the global capital market has been turbulent, A-share volatility has been large, the market performance has been depressed, investor confidence is insufficient, and even irrational decline has occurred for a time. Experts interviewed by the reporter of the economic information daily believe that from the current fundamentals of China’s economy, the overall impact of external risks is limited and will not change the fundamentals of China’s stable and good economy. With strong economic resilience, large market space and rich policy toolbox, China is fully qualified and capable of maintaining stable economic operation.
