daily collection
China Central Television: Li Keqiang said that in the face of the new downward pressure on the economy, we should continue to do a good job in the “six stabilities” and “six guarantees”, implement greater combined tax cuts and fee reductions according to the needs of market subjects, so as to ensure a stable start of the economy and stabilize the macro-economic market in the first quarter. We should continue the expired tax reduction and fee reduction measures, increase the calculation and deduction of R & D expenses and the tax rebate of value-added tax, and provide accurate assistance to difficult industries such as service industries seriously affected by the epidemic. Adhere to the government’s tight living, in exchange for the overall stability and momentum of market players. The state should increase transfer payments to local governments, and all localities should also take measures. We will resolutely crack down on tax evasion and stop arbitrary collection of fees.
financial Associated Press: at 3 a.m. Beijing time on Thursday, the Federal Reserve released the minutes of the FOMC meeting in December. The minutes released today showed that participants generally pointed out that in view of their views on the prospects of the economy, labor market and inflation, it may be necessary to raise the federal funds rate in advance or at a faster speed. Some participants also said that it might be appropriate to reduce the size of the balance sheet at a faster rate than previous experience after the interest rate hike. In the face of the Fed’s balance sheet, which expanded to $8.3 trillion during the epidemic, at the FOMC meeting in December, “almost all participants agreed that it might be appropriate to start the scale reduction at a certain time point after the first interest rate increase”. At the same time, the time point of starting the scale reduction will be closer to the time of starting the interest rate increase than previous experience. According to the minutes, some members also proposed to set an upper limit for monthly table reduction, which could ensure that the whole process was measurable and predictable.
brokerage China: on January 5, the State Administration of Market Supervision issued 13 punishment decisions, including 8 involving Tencent holdings, 2 involving Ali and 1 involving BiliBili.
central bank: in order to thoroughly implement the decisions and arrangements of the Party Central Committee and the State Council and implement the requirements of the planning outline for the construction of Chengdu Chongqing twin city economic circle, recently, with the consent of the State Council, the people’s Bank of China, together with the development and Reform Commission, the Ministry of finance, the CBRC, the CSRC, the safe, the Chongqing Municipal People’s government The people’s Government of Sichuan Province printed and distributed the plan for Chengdu and Chongqing to jointly build a western financial center. The plan defines the policy framework of “six systems and one foundation” for jointly building the western financial center, and puts forward 28 specific policies and measures from seven aspects: financial organization system, financial market system, financial service system, financial innovation system, financial opening system, financial ecosystem and financial infrastructure.
macroeconomic
Financial Times: in 2021, the RMB exchange rate fluctuated in both directions, with a slight appreciation of 2.3% throughout the year. In 2022, the RMB exchange rate is facing the depreciation pressure brought by the “four difference change”. Enterprises, especially import enterprises and foreign debt borrowing enterprises, should establish the concept of risk neutrality, effectively hedge exchange rate risks and beware of losses caused by exchange rate depreciation. Financial institutions should actively provide exchange rate hedging services for enterprises and reduce the cost of exchange rate hedging for small, medium-sized and micro enterprises.
financial Associated Press: the Ministry of agriculture and rural areas issued the national development plan for Agricultural Mechanization in the 14th five year plan. It is proposed that by 2025, the total power of agricultural machinery in China will be stable at about 1.1 billion kw, the comprehensive mechanization rate of crop cultivation and income in China will reach 75%, and the main grain, cotton, oil and sugar producing counties (cities and districts) will basically realize agricultural mechanization, The comprehensive mechanization rate of crop cultivation and harvest in hilly counties (cities and districts) has reached 55%, and the mechanization rate of facility agriculture, animal husbandry, aquaculture and Shenzhen Agricultural Products Group Co.Ltd(000061) primary processing has reached more than 50%.
Shanghai Securities News: recently, the Shanghai Municipal Economic and Information Technology Commission formulated the 14th five year plan for Green Industrial Development in Shanghai. According to the plan, during the “14th five year plan” period, Shanghai’s industries will achieve five development goals: steady improvement of energy efficiency, continuous decline of carbon emission intensity, improvement of industrial green development level, continuous decline of pollutant emission intensity and national leading level of industrial resource utilization.
industry dynamics
financial Associated Press: at present, residents in 11 digital RMB pilot areas such as Beijing, Shanghai and Shenzhen can choose digital RMB payment when ordering takeout. Industry insiders believe that the official launch of the digital RMB app to some extent marks that the exploration of digital RMB has entered the full test stage. With more and more UHF livelihood application scenarios such as takeout access, the application ecology and transaction scale of digital RMB are expected to be greatly improved at this stage.
Shanghai Securities News: the reporter learned on the 5th that after successively launching the country’s first new trading mode, the country’s first data trading guide, the country’s first encrypted trading platform and the country’s first data trading alliance, Beijing international big data exchange continued to take the lead in the field of data element market construction and establish an international digital economic intermediary industry system, Speed up the process of valuing data element resources.
Securities Times: on January 5, the conference of renyin Lunar New Year of the tiger wine of Maotai Liquor Co., Ltd. was held. At the press conference, the year of the tiger lunar new year wine was on sale. It is reported that the market guide price of 53% vol 500ml Kweichow Moutai Co.Ltd(600519) wine (year of the renyin tiger) is 2499 yuan / bottle, 53% Vol 375mlx2 Kweichow Moutai Co.Ltd(600519) wine (year of the renyin tiger) is 3599 yuan / bottle, 53% vol 500ml Maotai Prince wine (year of the renyin tiger) is 988 yuan / bottle, 53% vol 2.5L Guizhou Daqu (year of the renyin tiger) is 2888 yuan / bottle, and 53% vol 500ml Lai Mao wine (year of the renyin tiger) is 988 yuan / bottle.
surging news: on January 5, Chongqing Jinkang xilis released an open letter on the official microblog, saying that xilis sF5 will continue to accept user orders. After the user orders, the company will timely arrange special personnel to follow up and assist in delivery, and promise that the first owner will be upgraded in addition to the normal quality assurance, and enjoy the lifelong warranty of the whole vehicle and range extender.
stock market focus
daily economic news: on the second day of the opening of the market in 2022, China Telecom Corporation Limited(601728) , A-Shares ushered in a super big Mac again. On the morning of January 5, after 24 years, China Mobile (600941. SH) officially returned to A-Shares and was listed on the main board of Shanghai Stock Exchange. China Mobile’s return to A-Shares also broke the nearly ten-year fundraising record of A-Shares set by China Telecom Corporation Limited(601728) last August.
financial Associated Press: JPMorgan raised the Luzhou Laojiao Co.Ltd(000568) rating to over allocation. The previous rating was neutral, and the target price was 300 yuan, or 21%. JPMorgan raised its Wuliangye Yibin Co.Ltd(000858) rating to over allocation. The previous rating was neutral, and the target price was 270 yuan, up 21%.
Sealand Securities Co.Ltd(000750) : 5 the market fell mainly for three reasons. First, China Mobile was listed and raised more than 55 billion yuan after being fully exercised according to the “green shoes”, a new high in IPO fund-raising in recent ten years. The huge amount of IPO has a great disturbance on the capital side and a blood pumping effect; Second, the US bond yield has risen significantly recently, with an upward range of nearly 14bp in the past two days, approaching the high since last year. The rapid rise of US bond interest rate has a suppressive effect on some overvalued sectors, mainly focusing on growth style; Third, the latest interest rate meeting minutes and non farm employment report will be released this week. Investors are worried about the Fed’s further tightening of liquidity.
Securities Times: Wanlian Securities pointed out that the profit expectation of all A-Shares continues to fall, but the liquidity is worry free, the policy is stable, and the market sentiment is expected to improve marginally. The A-Shares may continue to fluctuate before the Spring Festival. Suggestions on industry allocation: 1) benefiting from the policy expectation of “steady growth”, pay attention to the required consumption with bottom rebound and strong risk aversion, as well as optional consumption sectors such as household appliances and light industry; The pace of issuing special bonds has been accelerated, infrastructure investment has been made to support the economy, and attention has been paid to the new infrastructure sector; 2) Monetary policy is more proactive and the liquidity situation is better, which is conducive to boosting the performance of large financial sectors such as banks and insurance; 3) The medium and long-term policy support is strong, and there are opportunities for the new energy industry chain with sufficient orders and production scheduling in the future.
Subscription of new shares: Yike food
new debt subscription: none
IPO: Weibo hydraulic, Guoxin Technology
new bond listing: none
company news
Shenzhen Farben Information Technology Co.Ltd(300925) : the proposed issuance of convertible bonds will raise no more than 600 million yuan
St Pingneng: has applied to Shenzhen stock exchange for termination of listing
Dongguan Kingsun Optoelectronic Co.Ltd(002638) : relevant price limit measures will have a significant adverse impact on the profitability of Longwen education, a subsidiary
Muyuan Foods Co.Ltd(002714) : in December 2021, the average sales price of commercial pigs decreased by 7.58% month on month
Inner Mongoliayuan Xing Energy Company Limited(000683) : the net profit in 2021 increased by 7022% – 7316% year-on-year
Zhejiang Shuanghuan Driveline Co.Ltd(002472) : the net profit in 2021 increased by 516.82% – 555.85% year-on-year
Suzhou Nanomicro Technology Co.Ltd(688690) : the net profit in 2021 is expected to increase by 131% – 155% year-on-year
Shandong Sinocera Functional Material Co.Ltd(300285) : the net profit in 2021 increased by 36.55% – 43.52% year-on-year
Shenyang Jinshan Energy Co.Ltd(600396) : pre loss of 1.8 billion to 2.038 billion in 2021
Shenzhen Sinexcel Electric Co.Ltd(300693) : the two shareholders plan to reduce their total holdings by no more than 7.3748%
St Furen: Ping Jiaxinyuan plans to reduce the shares of the company by no more than 6%
Shanghai Pudong Construction Co.Ltd(600284) : recently won the bid for a major project of 1.2 billion yuan
Aba Chemicals Corporation(300261) : suspension verification ends and stock trading resumes
China Vanke Co.Ltd(000002) : contract sales amount of 63.56 billion yuan in December 2021
data list
Shanghai and Shenzhen Stock Markets: on January 5, the three major indexes opened low and went low. The Shanghai stock index fell below the integer mark of 3600 points, the gem index fell by more than 2%, large financial sectors such as banking and insurance strengthened, and Yuan universe and sports concept stocks were active. As of the close, the Shanghai index fell 1.02%, the Shenzhen composite index fell 1.80% and the gem index fell 2.73%. China Mobile closed up 0.52% on the first day of listing. On the disk, transportation facilities, household appliances, banking and other sectors led the increase, while aviation, semiconductors, electrical equipment and other sectors led the decline. The turnover of Shanghai and Shenzhen stock markets exceeded 1 trillion yuan for the fourth consecutive trading day.
Hong Kong stocks: Hong Kong Hang Seng Index closed down 1.64%; The Hang Seng technology index fell 4.63%, continuing to record a new low. Internet technology stocks led the decline, with meituan and BiliBili falling more than 10%. Telecom stocks and oil stocks rose against the market, and China Mobile rose more than 3%. China Huarong fell 50% on the first day of listing. Shangtang closed down 15%.
Shanghai Shenzhen Hong Kong stock connect: on January 5, northbound funds bought a total of 3.047 billion yuan, including 2.92 billion yuan for Shanghai Stock connect and 127 million yuan for Shenzhen Stock connect. Among the top ten traded stocks, the top three in net purchases were Industrial Bank Co.Ltd(601166) , Inner Mongolia Yili Industrial Group Co.Ltd(600887) , Contemporary Amperex Technology Co.Limited(300750) , with net purchases of 538 million yuan, 464 million yuan and 377 million yuan respectively. The top three net sales are Gigadevice Semiconductor (Beijing) Inc(603986) , Luxshare Precision Industry Co.Ltd(002475) , Sungrow Power Supply Co.Ltd(300274) , with net sales of 524 million yuan, 515 million yuan and 452 million yuan respectively.
dragon and tiger list: on January 5, among the dragon and tiger list stocks on the list, China Mobile had the largest net capital inflow of 1.95 billion yuan. Data show that the stock officially landed in A-Shares within the day, closing up 0.52%. The net capital flow into the top CITIC Xi’an Zhuque street to buy 861 million yuan. A total of 42 stocks were involved in the institutional participation in the dragon and tiger list, of which 20 were net bought by the institution, Westone Information Industry Inc(002268) was the most bought, with 120 million yuan. The other 22 shares were net sold by institutions, Beijing Kingee Culture Development Co.Ltd(002721) was the most sold, with a net sales of 88.6891 million yuan in the three days.
margin trading : as of January 4, the balance of two financial transactions in Shanghai and Shenzhen was 1834.876 billion yuan, an increase of 2.685 billion yuan over the previous trading day. Among them, the financing balance was 1719.028 billion yuan, an increase of 6.977 billion yuan over the previous trading day; The balance of securities lending was 115.848 billion yuan, a decrease of 4.292 billion yuan compared with the previous trading day.
Shibor : Shibor reported 1.7770% overnight, down 14.8 basis points; Shibor reported 2.1480% in 7 days, up 4.9 basis points; Shibor reported 2.5000% in three months, unchanged from the previous day.
foreign exchange
On January 5, the central parity rate of RMB was reported at 6.3779, up 15 points, and the central parity rate of the previous trading day was reported at 6.3794. The onshore RMB closed at 6.3677 against the US dollar on January 5, up 68 points from the previous trading day.
property market observation
China Central Television finance and Economics: data show that in 2021, 52417 new houses were sold in Shenzhen, a year-on-year increase of 15.5%, a new high since 2016. In the same period, only 40699 second-hand houses were sold, a year-on-year decrease of 57.3% in 2020. Insiders told reporters that the main reason why the transaction volume of new houses is greater than that of second-hand houses comes from the upside down of the price of first-hand houses. Some property management personnel said that the price of new houses is relatively low. The first-hand transaction price of some buildings is more than 80000, while the price of second-hand houses is basically more than 100000.
surging news: 1 5, news from the Ji’nan housing accumulation fund center in Shandong Province, Ji’nan has been abolished from January 1, 2022, registered residence loan restrictions. This also means that if you pay the provident fund in other cities, you can also apply for a housing provident fund loan when you buy a house in Jinan.
international information
interface news: on January 5, 2022, CES, the world’s largest consumer electronics exhibition, opened in Las Vegas. Although the world is still shrouded in the shadow of the epidemic, and many companies have announced the cancellation of exhibition plans due to the epidemic, as a wind vane of the electronic industry, CES still has a lot to watch this year, and metauniverse and automatic driving are becoming new hot spots pursued by many manufacturers.
financial Associated Press: on Tuesday (January 4) local time, Chilean lawmakers applied to the house of representatives for an injunction to prevent the outgoing government from accepting bids for lithium mining contracts. If the bidding for the 400000 ton lithium mine contract by the Chilean authorities finally goes bankrupt, the shortage of global lithium supply will be further exacerbated. Standard & Poor’s global report released in December said that due to the use of lithium exceeding production and depleting inventory, there will be a lithium shortage in 2022 with further demand growth.
futures market
China Futures: China commodity futures closed with gains and losses. Coke rose by more than 4%, hot coil and soda ash rose by more than 2%, crude oil and coking coal rose by more than 1%, and eggs and pulp rose slightly; Zheng you fell more than 3%, EB and apple fell more than 2%, plastics and PVC fell more than 1%, and urea and peanuts fell slightly.
International Futures: New York oil prices rose on the 5th. The price of New York light crude oil futures for February delivery rose US $0.86 to close at US $77.85 a barrel. The February gold futures price, the most active trading in the gold futures market of the New York Mercantile Exchange, rose US $10.5 on the 5th, or 0.58%, to close at US $1825.1 an ounce.
overseas index
U.S. stock market: the minutes of the Federal Reserve released a hawkish signal. The three major U.S. stock indexes closed down, with the Dow down 1.07%, the S & P 500 down 1.94% and the NASDAQ down 3.34%. Large technology stocks fell, NVIDIA and Tesla fell more than 5%, Google fell more than 4%, Microsoft fell more than 3% and apple fell more than 2%. Most Chinese stocks fell, BiliBili fell more than 6%, Weilai fell more than 5%, ideal automobile and futu holdings fell more than 3%, JD and Baidu fell more than 1%.
European stock market: London stock market, the financial times 100 stock average price index 5 closed at 7516.87, up 11.72 points or 0.16% from the previous trading day. France Paris Stock Market CAC40 index closed at 7376.37, up 58.96 points or 0.81% over the previous trading day; Germany’s Frankfurt Stock Exchange DAX index closed at 16271.75, up 119.14 points or 0.74% from the previous trading day.
Asia Pacific stocks: the Nikkei 225 index closed up 0.1% to 29332.16 points. South Korea’s Kospi index closed down 1.17% at 2954.13.
