March 17th (Thursday), the main contents of today’s headlines are:
China Securities Journal
Strengthen communication and coordination and maintain the stability and consistency of policy expectations
Maintain the stability and consistency of policy expectations; Give play to the role of market endogenous stability mechanism; Strive to reach an agreement on China US audit supervision cooperation as soon as possible; Actively cooperate with relevant departments to effectively resolve the risks of real estate enterprises… After the special meeting of the financial committee of the State Council was held on March 16, the Party committee of the CSRC held an expanded meeting to study and deploy the implementation. The CSRC said that it would strive for the implementation and effectiveness of work measures and spare no effort to maintain the smooth operation of the capital market. Experts and scholars believe that the CSRC has further responded to market concerns and released more positive signals, which will help alleviate market doubts, stabilize expectations, increase confidence and promote the smooth operation of the market.
Public and private funds: it is time to promote the gradual recovery of the capital market and the entry of medium and long-term funds into the market
Public and private fund companies believe that the special meeting of the financial commission of the State Council has adjusted the problems concerned by the market one by one and fully responded to the concerns of the market, which has greatly boosted market confidence and promoted the gradual recovery of the capital market. The entry of medium and long-term funds into the market is at the right time, and the main boom line with relatively high sexual price in the future market is grasped.
Release strong expectations to stabilize the market signal, and policies are expected to be introduced one after another
On March 16, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market problems. Experts believe that the special meeting has transmitted a strong signal to maintain the healthy development of the economy and the stable development of the capital market, which will play an important role in stabilizing market expectations and boosting market confidence. A series of subsequent policies and measures to stabilize growth and stabilize the market are expected to be introduced one after another, and the “policy bottom” of the market will be further consolidated.
Fund managers adjust positions and exchange shares for public offering, and actively prepare for the first quarterly report
On March 16, A-Shares rebounded. The latest annual report also shows that some A-share high-quality companies are operating well. The agency believes that China’s economy and the profits of A-share enterprises have certain toughness, the overall downward space of the market is limited, the adjusted cost performance is gradually highlighted, or a better rebound time window may be ushered in
Shanghai Securities News
Liu he presided over the meeting of the financial committee of the State Council to study the current economic situation and capital market issues
On March 16, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market problems. The meeting was presided over by Liu He, member of the Political Bureau of the CPC Central Committee, vice premier of the State Council and director of the finance committee, and comrades in charge of relevant departments attended the meeting.
Six highlights outline the policy direction of stabilizing the economy and market
On March 16, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market problems. The meeting responded to a series of hot issues concerned by the current market, such as monetary policy, China concept shares, platform economic governance and real estate. In this regard, financial institutions, listed companies and industry experts from the front line of the capital market interpreted it and believed that this special meeting released a positive signal of stable expectation, stable market and stable development in a very sensitive time window.
Core assets led the sharp rise of a shares, and stock index options showed positive signals
On the 16th, boosted by the news that the Finance Committee of the State Council held a special meeting to study the current economic situation and capital market problems, the core assets of A-Shares counterattacked across the board. As of the closing, the total market value of A-Shares increased by 2.9 trillion yuan yesterday, the gem index rose more than 5%, the Shanghai Composite Index rose 3.48%, recovered 3100 points, and the Shenzhen Component Index rose 4.02%.
CSRC: deepen reform, expand opening-up and spare no effort to maintain the smooth operation of the capital market
On March 16, after the special meeting of the Finance Committee of the State Council was held, the Party committee of the CSRC quickly held an expanded meeting to convey and study the spirit of the meeting and make research and deployment on the implementation
Securities Times
The main line of economic recovery has not been shaken, and steady growth will increase efforts and improve efficiency
Affected by the uncertainty of the external environment, repeated outbreaks outside China and weakening market expectations, the capital market has continued to fluctuate recently. However, since the beginning of the year, the excellent performance of macroeconomic data and the sustained effectiveness of stable growth policies have fully shown that not only the first step of economic development this year is solid enough, but also the pace of follow-up development will be stable and far-reaching, and the new picture of stable and good economy in the year of the tiger is becoming clearer and clearer.
The industrialization of silicon-based negative electrode is approaching, and 4680 battery blows the warm wind of the market
In order to meet the needs of batteries with higher energy density, silicon-based negative electrode has entered the industrial vision. Some manufacturers have begun to layout silicon-based negative electrode production projects. The manufacturers who take the lead in shipping and are accepted by the market can enjoy about 50% of the high gross profit. However, in the long run, large-scale application depends on the improvement of cost performance brought by the reduction of cost.
Multiple ministries and commissions will jointly maintain the stable development of the capital market
The central bank said that monetary policy should take the initiative to respond, new loans should maintain moderate growth, vigorously support small, medium-sized and micro enterprises, firmly support the development of the real economy and keep the economy running within a reasonable range. The cbcirc pointed out that financial management companies and other institutions should be guided to establish a long-term investment concept, carry out real professional investment and value investment, and support financial management companies to increase the proportion of equity products.
The return of China concept shares is heated again, and it is discussed that listing in Hong Kong may become the mainstream choice
Recently, due to the impact of factors such as the foreign company Accountability Act of the United States, China concept shares once made a collective sharp correction, which also made the “return of China concept shares” once again become a hot topic in the capital market
Securities Daily
Liu he presided over the meeting of the financial committee of the State Council to study the current situation
On March 16, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market problems. The meeting was presided over by Liu He, member of the Political Bureau of the CPC Central Committee, vice premier of the State Council and director of the finance committee, and comrades in charge of relevant departments attended the meeting.
CSRC: actively strengthen communication and coordination and make every effort to maintain the smooth operation of the capital market
After the special meeting of the Finance Committee of the State Council was held on March 16, the Party committee of the CSRC quickly held an expanded meeting to convey and study the spirit of the meeting and make research and deployment on the implementation. The CSRC is deeply aware that under the current complex situation, it is very timely and important for the financial commission of the State Council to hold a special meeting to study the current economic situation and capital market problems, which reflects the high attention paid to the work of the capital market, fully responds to the concerns of the market, and the deployment has strong guidance and pertinence.
Foreign capital: optimistic about China’s economy and RMB assets, and there is no change in the demand for A-share allocation
On March 16, all three major A-share indexes turned red. As of the close, the Shanghai index rose 3.48%, the Shenzhen Component Index rose 4.02% and the gem index rose 5.20%. The market believed that on that day, the financial stability and Development Commission of the State Council held a special meeting to release the expectation of steady growth, which effectively boosted market confidence.
LME nickel futures were suspended again. Experts said the problem may be in the call auction period
A week later, the London Metal Exchange (LME) originally planned to resume nickel futures trading at 16:00 Beijing time on March 16.
However, LME said on the day of resumption that “nickel electronic trading will be suspended to investigate the possible technical problems of the decline limit and will be updated as soon as possible”
21st Century Business Herald
In the past year, more than 270 billion funds poured into silicon material, and the enthusiasm for expanding production continued to be high
Since this year, the price of silicon materials in China has remained high, and the slight rise momentum has continued. On March 16, the silicon industry branch of China Nonferrous Metals Industry Association (hereinafter referred to as the silicon industry branch) released data that this week, the price of silicon material ushered in nine consecutive rises.
Why the top three holders collectively reduce their holdings of US bonds: the US Federal Reserve’s interest rate hike has strong demand for hedging, and the liquidity risk of the US bond market is looming
In the early morning of March 16, the latest data released by the US Treasury Department showed that as of the end of January this year, among the top ten US debt holding countries and regions, only Switzerland and the Cayman Islands increased their holdings of US debt slightly, and the other eight countries and regions chose to reduce their holdings of US debt. Among them, the top three US bond holders – Japan, China and the UK reduced their holdings of US Treasuries by US $900 million, US $8.6 billion and US $28.6 billion respectively
first finance
A shares, Hong Kong stocks and China concept stocks have reversed. Market participants: escaping fear is the first step
Just as there is order in chaos and logic and emotion in chaos, a number of market participants interviewed by the reporter believe that the sharp decline and capital outflow in the China concept stock, Hong Kong stock and A-share markets last week are not so much a pure black swan as a fear of the unknown after conflicts with expectations.
2022 strict supervision of local debt and “orderly” resolution of debt risk
This year, local debt supervision has continued the momentum of being strict, especially the strict supervision of implicit debt tends to be normalized, and will not break through the “red line” of new implicit debt due to stable growth
economic reference
With China as the main monetary policy tool, the market liquidity remains reasonably abundant
On March 16, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market problems. The meeting pointed out that with regard to macroeconomic operation, we must implement the decision-making and deployment of the Party Central Committee, earnestly invigorate the economy in the first quarter, actively respond to monetary policies, and maintain a moderate growth in new loans.
The financial regulatory authorities issued a voice: jointly maintain the stable development of the capital market
On March 16, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market problems. On the same day, the people’s Bank of China, China Securities Regulatory Commission, China Banking and Insurance Regulatory Commission and the State Administration of foreign exchange all held meetings to convey, study and implement the spirit of the meeting of the financial commission of the State Council, and make arrangements for the next work.
