Incremental capital:
Fund issuance: newly established fund shares (partial share type): the newly issued shares in this period were 11.265 billion, compared with 15.669 billion in the previous period.
Shanghai Stock connect and Shenzhen Stock connect: the funds of Shanghai Stock connect and Shenzhen Stock connect in this period are net outflow. In this period, the net outflow of Shanghai Stock connect was 17.979 billion yuan (the net inflow of the previous period was 5.035 billion yuan), and the net outflow of Shenzhen Stock connect was 18.341 billion yuan (the net outflow of the previous period was 761 million yuan); The total net outflow was 36.320 billion yuan (the total net inflow in the previous period was 4.274 billion yuan).
Margin trading balance: the margin trading balance decreased by 15.593 billion yuan month on month. As of March 11, the margin trading balance of the two cities was 1613372 yuan (1628114 billion yuan in the previous period), and the margin trading balance was 93.987 billion yuan (94.839 billion yuan in the previous period).
Capital pressure surface
IPO Financing scale: 8 new shares were listed in the current period, with a total fund-raising of 85.25 yuan (4 new shares were listed in the previous period, with a total fund-raising of 4.49 billion yuan).
Increase and decrease of industrial capital: the net reduction of secondary market in this period is 8.663 billion yuan (the net reduction of last period is 6.998 billion yuan).
Lifting pressure: in terms of potential lifting funds, the market in this period (03070311) ushered in the lifting scale of about 74.016 billion yuan, and the lifting pressure in the previous period (02280305) and the next period (03140318) were 39.112 billion yuan and 20.651 billion yuan respectively.
Transaction cost: the transaction cost of this period is 11.963 billion yuan (10.654 billion yuan in the previous period).
Money supply:
Open market: the net withdrawal of currency in the current period is 330 billion yuan (the net withdrawal of currency in the previous period is 430 billion yuan).
Medium term lending facilities: the one-year MLF operation was launched in February, with an interest rate of 2.85%, the same as the previous period, and a total of 700 billion yuan was invested in January.
Credit currency derivation: in February 2022, M1 increased by 4.70% (the previous period - 1.90%); The growth rate of M2 was 9.20% (9.80% in the previous period). New loans to financial institutions amounted to 19.91 trillion yuan (about 2.91 trillion yuan) in the first period of 2024 (about 2 trillion yuan in the first year).
Market capital price:
Money market: in this period, Shibor's overnight interest rate increased by 1.20bp and Shibor's weekly interest rate increased by 3.40bp; The weighted interest rate of inter-bank pledged repo (one day) was reduced by 0.29bp, and the weighted interest rate of inter-bank pledged repo (seven days) was increased by 7.77bp; The yield of interbank certificates of deposit increased by 4.50bp in three months; The weighted inter-bank lending rate (one day) was raised by 0.67bp, and the weighted inter-bank lending rate (seven days) was lowered by 5.40bp.
Treasury bond market: the yield of one-year treasury bond increased by 4.73bp to 2.16%, the 10-year Treasury bond increased by 2.21bp to 2.85%, and the term spread narrowed by 2.52bp.
Financial market: the yield of RMB financial products (three months) was 3.41%, down 3.59bp from last week.
Risk tip: the Sino US trade friction has intensified and the epidemic has not been effectively controlled
