daily selection
Xinhua News Agency: 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. [details]
financial Associated Press: local time on Wednesday (March 16), the Federal Open Market Committee (FOMC) of the Federal Reserve raised the federal benchmark interest rate from 0% – 0.25% to 0.25% – 0.50% as expected, which was the first interest rate increase since December 2018. [details]
central bank: at noon on March 16, Comrade Yi Gang, President of the people’s Bank of China and director of the office of the financial commission, presided over the meeting of cadres at or above the department level. The meeting called on the people’s Bank of China to resolutely implement the decision-making and deployment of the CPC Central Committee and the State Council, resolutely improve its political position, resolutely implement the work requirements of the financial commission, actively act as, and implement the spirit of the central economic work conference and the deployment of the national “two sessions”. We will focus on economic development, adhere to high-quality development, deepen reform and expand opening-up, adhere to the principle of marketization and rule of law, and unswervingly protect property rights and the two. Monetary policy should be proactive, 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. Adhere to seeking progress while maintaining stability, prevent and resolve risks in the real estate market, steadily promote and complete the rectification of large platform companies as soon as possible, promote the healthy and stable development of platform economy and improve international competitiveness. [details]
CBRC: CBRC held a special meeting to convey, study and implement the spirit of the meeting of the financial commission of the State Council. The meeting required to actively support the smooth operation of the capital market. Actively introduce policies favorable to the market. We should vigorously support direct financing and promote the optimization of financing structure. Guide trust, financial management and insurance companies and other institutions to establish a long-term investment concept, carry out real professional investment and value investment, and become the backbone to promote the development of the capital market and maintain the stability of the capital market. We should give full play to the advantages of long-term investment of insurance funds and guide insurance institutions to allocate more funds to equity assets. Support insurance companies to increase capital market investment, especially stock investment of high-quality listed companies, through various channels such as direct investment, entrusted investment and public funds. [details]
interface news: according to the website of the CSRC, after the special meeting of the financial committee of the State Council was held on March 16, the Party committee of the CSRC quickly held an expanded meeting to convey and learn the spirit of the meeting, and made research and deployment on the implementation. The CSRC said it would implement the tasks of the government work report, solidly promote the reform of the stock issuance registration system, improve the bond financing support mechanism of private enterprises, and promote the development of venture capital. Give play to the role of the endogenous stability mechanism of the market, vigorously promote listed companies to improve the quality, encourage listed companies to increase their holdings and repurchase, and guide fund companies to purchase their own shares. [details]
macro economy
Xinhua News Agency: recently, a reporter from Xinhua news agency interviewed the relevant person in charge of the Ministry of Finance on the pilot reform of real estate tax. The relevant person in charge said that the pilot of real estate tax reform was carried out in accordance with the authorization of the Standing Committee of the National People’s Congress. Some cities have carried out investigation and preliminary research, but considering all aspects of the situation, they do not have the conditions to expand the pilot cities of real estate tax reform this year. [details]
China Central Television: the Hong Kong SAR government held an anti epidemic press conference on March 16. In response to a reporter from China Central Radio and television, chief executive Lin zhengyue’e said that the international environment was complex and local financial markets were impacted. Although Hong Kong, as an international financial center, could not stay out of it, Hong Kong’s financial stability and market supervision were not affected by the recent stock market fluctuations. She stressed that Hong Kong’s financial, monetary and market supervision system remained sound. [details]
China News Network: the growth of China’s main production and demand indicators accelerated and better than expected in the first two months of this year. Fu Linghui, director of the comprehensive national economic statistics department of the National Bureau of statistics, said on the 16th that this is the result of the joint action of multiple factors. It is mainly the effect of the steady growth policy, but also the continuous recovery of the endogenous power of the economy and some short-term factors. Fu Linghui pointed out that on the whole, the economic recovery trend has been good since this year, but the total economic output from January to February accounts for a small proportion of the whole year, which is greatly affected by short-term factors, and the later trend needs to be observed. [details]
Securities Times: according to the Ministry of industry and information technology, on March 15, the exchange and promotion meeting of information consumption was held in the form of video conference. In 2022, the information technology and Development Department of the Ministry of industry and information technology will accelerate the improvement of industrial supply capacity, actively guide the release of consumption potential, continue to strengthen publicity and promotion, create a good consumption environment, vigorously release consumption potential and domestic demand power, accelerate the deep integration of the new generation of information technology and the real economy, promote the expansion and upgrading of information consumption to a new stage, activate the consumer market at a higher level and deeper level, and create new advantages of digital economy. [details]
industry trends
CCTV news client: at present, the three key projects of digital twin Xiaolangdi construction, “digital twin Xiaolangdi Project”, “digital twin Xiaolangdi centralized control center project” and “data service platform and supporting facilities construction project” have successfully completed the project bidding and contract signing, and the construction will begin in full this month. [details]
Securities Times: although the civil aviation industry is still facing the pressure of multiple outbreaks and high cost oil prices, the latest investor sentiment rebounded with the release of the new covid-19 diagnosis and treatment plan and the recovery of passenger demand expectations. From a fundamental point of view, the latest operating data released by the listed airlines showed that the supply and demand of the civil aviation industry improved significantly year-on-year in February. [details]
China News Network: green paper on Tourism: analysis and prediction of China’s tourism development from 2021 to 2022 shows that since the covid-19 pneumonia epidemic, the travel of Chinese tourists has increased in short distance, and the era of “micro vacation” is coming. The green paper points out that “micro vacation” refers to an emerging tourism model with high frequency and strong sense of satisfaction, which is mainly based on the city and its surroundings, with a driving distance of 2-3 hours and a duration of 2-3 days.
[details]
financial Associated Press: passenger car association data show that from March 7 to 13, 320000 passenger cars were retailed, with a year-on-year increase of 3%, a month-on-week increase of 23% and a month-on-month increase of 75%. The wholesale of passenger cars was 357000, a year-on-year decrease of 3%, an increase of 28% over last week and an increase of 85% over the same period last month. In the second week of March, the overall retail sales in the narrow passenger car market reached 46000 vehicles per day, with a year-on-year increase of 3%, with a relatively strong performance, an increase of 75% compared with the average value in the first to second weeks of February this year. [details]
stock market focus
financial Associated Press: the special meeting of the financial committee of the State Council held on 16 finally dispelled the haze that has enveloped the capital market for days. How to interpret the special meeting of the finance committee, Orient Securities Company Limited(600958) chief economist Shao Yu said in an interview with reporters that the meeting made a relatively clear response to hot issues and released a clear signal. The coordination between Chinese stocks and overseas supervision and the policy of medium-term stability of real estate mean that the valuation of these industries may stabilize next, which will have a positive incentive effect on market sentiment China Securities Co.Ltd(601066) Securities chief strategist Chen Guo believes that the special meeting of the finance committee expressed firm support for steady growth and clarified the future development ideas of the real estate market. At the same time, it has given a clear tone to the issues concerned by the market, such as China concept stocks, platform economy and Hong Kong stocks, which has become the current “policy reassurance” in these key areas. [details]
first finance and Economics: Ruiyuan Fund announced that based on its confidence in the long-term, stable and healthy development of China’s capital market, the company will use its own funds to purchase its public funds within 10 trading days from March 18 (inclusive), with a total amount of no less than 150 million yuan and a holding time of no less than 5 years. [details]
Securities Times website: Huaan Securities Co.Ltd(600909) believes that in the process of internal policy reinforcement and external risk restriction, market fluctuations have been amplified, and institutional investors should make balanced allocation to deal with them. At the same time, after substantial adjustment, the valuation level of the market and some industries has returned to a historically low level, and the medium and long-term investment value has been very significant. We pay attention to the market in the third stage of growth and the rebound investment main line of the stable growth sector, which is the weakest constrained by external risks. [details]
financial Associated Press: the convening of the special meeting of the financial commission of the State Council on 16 reassured the market with policies, and the rebound market was launched on a large scale. The trend of northbound funds was more affecting people’s hearts. Unexpectedly, although there was a Rainbow rise in a shares, northbound funds had sold a net 85.38 million yuan throughout the day by the end of the day. Although the outflow range was significantly narrowed compared with the previous day, it was still lower than the market expectation. [details]
subscription of new shares: fujilai, wankai new material
new bond subscription: none
IPO: Tengyuan cobalt and Geling Shentong
new bond listing: none
company news
Nanjing Vazyme Biotech Co.Ltd(688105) sign 215 million yuan New Coronavirus antigen test kit contract
Zhejiang Orient Gene Biotech Co.Ltd(688298) New Coronavirus antigen test kit obtained China Medical Device Registration Certificate
Tianjin Chase Sun Pharmaceutical Co.Ltd(300026) : company’s product Xuebijing injection is listed in covid-19 pneumonia diagnosis and treatment plan (trial version 9)
Linewell Software Co.Ltd(603636) : projects involving electronic licenses will account for no more than 2% of the company’s revenue in 2020
China Molybdenum Co.Ltd(603993) : in the first two months, the output of main products copper, cobalt and niobium increased by 20%, 52% and 42% respectively year-on-year
Shandong Buchang Pharmaceuticals Co.Ltd(603858) : Xuanfei Baidu granule is listed in covid-19 pneumonia diagnosis and treatment plan (trial version 9)
Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) : it is proposed to invest 9.102 billion yuan in the expansion project of original wine production and energy storage
Suzhou Uigreen Micro&Nano Technologies Co.Ltd(688661) : signed strategic cooperation agreement with goer Microelectronics
Shan Xi Hua Yang Group New Energy Co.Ltd(600348) : net profit in 2021 increased by 134% year on year
Changchun High And New Technology Industries (Group) Inc(000661) : net profit in 2021 increased by 23.33% year-on-year, and it is proposed to pay 8 yuan for 10
Sinomach Precision Industry Co.Ltd(002046) : : the net profit in 2021 was 128 million yuan, with a year-on-year increase of 104.87%
Tangshan Jidong Cement Co.Ltd(000401) : net profit in 2021 decreased by 1.40% year-on-year, and it is proposed to pay 7.5 yuan for 10
Yongxing Special Materials Technology Co.Ltd(002756) : 1 to February net profit increased by about 650% year on year
Jiangxi Sanxin Medtec Co.Ltd(300453) : it is planned to invest 568 million yuan in the R & D and production base project of hemodialysis series products
data list
Shanghai and Shenzhen Stock Markets: three major indexes opened high and went low, with wide fluctuations. In the afternoon, the bank index and the gem index rose sharply, rising by 5%. As of the close, the Shanghai index rose 3.48%, the Shenzhen Composite Index rose 4.02% and the gem index rose 5.20%. On the disk, all industry sectors rose, with tourism, hotel catering, securities and other sectors leading the rise. The turnover of Shanghai and Shenzhen stock markets exceeded 1 trillion yuan for the second consecutive trading day.
Hong Kong stocks: Hong Kong stocks rebounded violently, and the Hang Seng Index rose 9.08%, returning to above 20000 points, the largest one-day increase since October 2008; The Hang Seng technology index closed up more than 22%, the largest one-day increase since the index was launched. After returning to Hong Kong, China concept stocks rebounded sharply, with BiliBili rising by more than 40%, ideal car rising by more than 34%, JD rising by more than 35%, meituan rising by more than 32%, Xiaopeng automobile rising by more than 32% and Alibaba rising by more than 27%.
The transaction amount of Shanghai Shenzhen Stock connect on the same day is 35. Among them, the net purchase volume of Shanghai Stock connect on the same day was 3081600 yuan; The net purchase volume of Shenzhen Stock connect on the same day was -853803 million yuan. According to the top ten trading shares of Shanghai Shenzhen Hong Kong stock connect announced by the exchange, the funds going north on the 16th bought Midea Group Co.Ltd(000333) 981 billion yuan and Luxshare Precision Industry Co.Ltd(002475) 260 billion yuan. At the same time, substantial net sales of Yunnan Energy New Material Co.Ltd(002812) 744 billion yuan and Sungrow Power Supply Co.Ltd(300274) 417 million yuan.
dragon and tiger list: on March 16, among the individual stocks on the list, the Bank of Lanzhou had the largest net capital inflow of 188 million yuan. Data show that the stock closed within the daily limit, with a turnover rate of 52.64% throughout the day. A total of 28 stocks were involved in the institutional participation list, of which 10 were net bought by the institution, Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) was the most bought, with a net purchase of 104 million yuan in three days. In addition, 18 shares were net sold by institutions, and Boc International (China) Co.Ltd(601696) was sold the most, amounting to 339 million yuan.
margin trading : as of March 15, the balance of Shanghai and Shenzhen stock markets was 1690502 billion yuan, a decrease of 15.605 billion yuan compared with the previous trading day. Among them, the financing balance was 1602366 billion yuan, a decrease of 12.404 billion yuan compared with the previous trading day; The balance of securities lending was 88.136 billion yuan, a decrease of 3.201 billion yuan compared with the previous trading day.
Shibor : Shibor reported 2.0400% overnight, down 2.3 basis points; Shibor reported 2.1150% in seven days, down 0.7 basis points; Shibor rose 0.3 basis points in three months to 2.3660 percent
foreign exchange
On March 16, the central parity rate of RMB was reported at 6.38, down 40 points, and the central parity rate of the previous trading day was reported at 6.376 The onshore RMB closed at 6.3475 against the US dollar at 16:30, up 325 basis points from the previous trading day.
property market observation
China Securities News: on March 16, Zhang Bo, President of 58 anjuke Real Estate Research Institute, analyzed and pointed out that from the changes in commercial housing sales prices in 70 large and medium-sized cities in February 2022 released by the National Bureau of statistics, it can be seen that house prices continued to stabilize in February, the number of cities in which house prices fell remained basically stable, and the real estate trading market is ushering in a bottom recovery. [details]
financial Associated Press: 58 the same city and anjuke recently released the national rental market report in February 2022, which said that the supply of rental houses in 65 cities across the country increased by about 32.5% month on month, and the heat of rental demand also warmed up, with the overall heat rising by 113.6% month on month. In February, the average rent of 65 cities nationwide reached 30.43 yuan / m2 / month. The rent of 25 cities increased and that of 40 cities decreased. [details]
International Information
Xinhuanetco.Ltd(603888) : the European Council reached an agreement on the relevant rules of the carbon border adjustment mechanism (CBAM) on the 15th. Under this mechanism, the EU will levy taxes on cement, aluminum, chemical fertilizer, steel and other products imported from countries and regions with relatively loose carbon emission restrictions. The mechanism is the core of the package of environmental protection proposals put forward by the European Commission last July. [details]
financial Associated Press: as of last Friday, the average 30-year fixed mortgage interest rate in the United States had risen to 3.85%, compared with 3.11% in December last year. The response of the real estate market is no longer rational. As usual, raising interest rates will cool the market and make buyers stop buying houses and wait for a more friendly environment after interest rates fall. But this year, the rise in interest rates not only did not make buyers give up buying a house, but further exacerbated their sense of urgency and tried to buy a house before interest rates continued to rise. [details]
futures market
China Futures: China commodity futures closed, most of which rose, with Shanghai nickel up more than 7%, SS and iron ore up more than 5%, coking coal up more than 3%, Shanghai tin and hot coil up more than 2%, Douyi and soybean oil up more than 1%, glass and PVC up slightly; Lu fell by more than 4%, jujube fell by more than 2%, pigs and EB fell by more than 1%, and Zheng alcohol and starch fell slightly.
International Futures: WTI crude oil futures fell 1.45% to US $95.04/barrel; Brent crude oil futures fell 1.89% to $98.02 a barrel. COMEX April gold futures fell 1.1% to $190920 / ounce
overseas index
US stock market: the three major indexes of US stocks closed higher, with the Dow index up 1.55%, the S & P 500 index up 2.24% and the NASDAQ index up 3.77%. The NASDAQ China Golden Dragon index closed up nearly 33%, and several Chinese stocks soared, with Zhihu up more than 80%, Jinshan cloud up more than 72%, dingdong shopping up more than 65%, huanju up more than 67%, douyu up more than 60%, pinduoduo up more than 56%, iqiyi up more than 50%, BiliBili up more than 47%, didi and Youdao up more than 41%, JD, Baidu and Huya up nearly 40% and Alibaba up more than 36%. Ideal car rose by more than 31%, Xiaopeng car and gaotu rose by nearly 30%.
European stock markets: major European stock indexes closed up sharply, with Germany’s DAX30 index up 3.79%, Britain’s FTSE 100 index up 1.74%, France’s CAC40 index up 3.68% and Europe’s Stoxx 50 index up 4.15%.
Asia Pacific Stock Market: Nikkei 225 index closed up 414.02 points, or 1.63%, at 257605 points. South Korea’s Kospi index closed up 37.70 points, or 1.44%, at 265923
