daily selection
central bank: in order to further implement the spirit of the important speech made by the general secretary of Xi Jinping at the 10th meeting of the central financial and Economic Commission, and fully implement the requirements of the opinions of the CPC Central Committee and the State Council on supporting the high-quality development and construction of a demonstration zone of common prosperity in Zhejiang, further deepen the structural reform of the financial supply side and promote the establishment of a financial system and mechanism suitable for the construction of a demonstration zone of common prosperity in Zhejiang, It is important to show the advantages of Zhejiang’s new financial system in an all-round way and support the construction of a new socialist era with Chinese characteristics. [details]
China Securities News: recently, according to the Ministry of industry and information technology, the Department of raw materials industry and the first Department of equipment industry jointly held a symposium on the operation of lithium industry and the price rise of upstream materials of power batteries. The reporter learned from several insiders of lithium salt enterprises that the meeting was mainly to find out the current situation of the industry, advocate ensuring supply and stable price, accelerate the development and recycling of lithium resources in China, and ensure the benign and sustainable development of the industry. According to incomplete statistics, since 2022, more than 15 new energy vehicle enterprises have announced price increases, including Tesla, Byd Company Limited(002594) , Xiaopeng automobile and Nezha automobile, with price increases ranging from 5000 yuan to 20000 yuan. [details]
Ministry of Finance: for small low profit enterprises with annual taxable income of more than 1 million yuan but not more than 3 million yuan, 25% shall be included in the taxable income, and the enterprise income tax shall be paid at the tax rate of 20%. [details]
brokerage China: recently, the China Securities Regulatory Commission issued the article “further promote the pilot of public offering REITs and further promote the virtuous circle of investment and financing”. The article said that the CSRC “is studying and formulating the rules for raising infrastructure REITs” and “is studying and promoting the pilot work of affordable rental housing REITs with relevant ministries and commissions to promote the implementation of the project as soon as possible”. As an important pole of global assets, institutions generally predict that the potential scale of China’s public offering REITs market is more than trillion yuan. [details]
macro economy
Ministry of Finance: 1-february stamp duty was 113.7 billion yuan, a year-on-year increase of 13.3%. Among them, the stamp duty on securities transactions was 73.7 billion yuan, a year-on-year increase of 10.7%. [details]
China Securities Journal: on March 18, the Ministry of industry and information technology issued the key points of automobile standardization in 2022, which is of great significance to the high-quality development of automobile industry. According to the past situation, new energy vehicles, automobile safety, automobile electronics, green and low-carbon are all areas of automobile standardization. At the same time, in 2022, the Ministry of industry and information technology also included emerging areas such as automobile chips that have attracted much market attention in the recent past, emphasizing the need to speed up the construction of automobile chip standard system. [details]
nanhai.com: recently, Hainan Medical Security Bureau issued the notice on the implementation of centralized procurement of artificial joints organized by the state, which made it clear that the centralized procurement of artificial joints organized by the state will be implemented in Hainan on March 25. A total of 35 medical institutions in Hainan Province participated in the centralized procurement of artificial joints, and the scope of purchased products is artificial hip joint and artificial knee joint. The average price of the selected hip joint decreased from 35000 yuan to about 7000 yuan, and the selected knee joint decreased from 32000 yuan to about 5000 yuan, with an average price reduction of 82%. Hainan Province purchased 3356 sets in the first year, which is expected to save 70 million yuan in procurement funds. [details]
Economic Daily: recently, the financial commission of the State Council held a special meeting and proposed that real estate enterprises should timely study and put forward effective countermeasures to prevent and resolve risks. Subsequently, the people’s Bank of China, the China Securities Regulatory Commission, the China Banking and Insurance Regulatory Commission, the State Administration of foreign exchange and other departments also successively released positive signals. Experts believe that the statements of the financial commission of the State Council and relevant departments and the relevant measures to be issued will play an important supporting role in stabilizing the expectations of the real estate market and promoting the steady and healthy development of the market. [details]
industry trends
Xinhuanetco.Ltd(603888) : reporters learned from the Energy Bureau of Inner Mongolia Autonomous Region on the 18th that Inner Mongolia will accelerate the construction of major energy projects in 2022, and 262 energy projects with more than 100 million yuan are planned to be implemented, accounting for about 40% of Inner Mongolia’s fixed asset investment this year. [details]
financial Associated Press: ideal automobile CEO Li Xiang said that at present, brands that have contracted with battery manufacturers to determine the price increase range of batteries in the second quarter basically announced the price increase immediately. Most of those who have not yet raised their prices have not been negotiated about the price increase range, and they will generally raise their prices immediately after they are negotiated. The rise in battery costs in the second quarter was very outrageous. [details]
Huaxia times: according to the national development and Reform Commission on March 18, in order to further complete the signing and performance of medium and long-term coal contracts, standardize the signing behavior, sign sufficient and firm contracts, supervise and urge strict performance, and ensure the stable and reliable supply of coal for power generation and heating, special verification is arranged for the signing and performance of medium and long-term coal contracts by local and central enterprises in 2022. [details]
China Securities Daily: the ” Kweichow Moutai Co.Ltd(600519) ” WeChat official account was late on the night of March 19th. In March 19th, Moutai group red tassel Agricultural Technology Development Co., Ltd. was formally established in Renhuai Tan Tan Factory Street, marking the formal entry of Moutai group into the seed market, the layout of the seed business of brewing raw materials, and the strict control of the strategic safety of Guizhou’s sorghum seeds. [details]
stock market focus
Associated press of \ , Citic Securities Company Limited(600030) and other multiple strands will be pulled up in a straight line at the end of the trading.
On the news side, the February quarterly adjustment of FTSE Russell index officially took effect after the closing on March 18 (before the opening on March 21), and the inflow of northbound funds also accelerated at the end of March 18. [details]
first finance and Economics: Citic Securities Company Limited(600030) believes that internal and external anxiety factors are fully clear, and the venting of irrational emotions is over; The overall economic situation is stable, and the impact of follow-up precise epidemic control measures on the economy will gradually weaken; The implementation of overseas interest rate hikes and the conflict between Russia and Ukraine are becoming clearer, and the negative impact has been weakened; The A-share market returns to normal and grasps the resonant rising market of value growth. On the whole, under the superimposed influence of internal and external anxiety factors, the A-share market will return to the normal driven by fundamental logic after the pulse venting of short-term extreme emotions. It is suggested to continue to adhere to the main line of steady growth and focus on the balanced layout of “two low levels”. [details]
financial Associated Press: after the Spring Festival, pork prices in the market entered a downward channel due to the decline in pork demand and the excessive sale of pigs. As of the second week of March, pork prices across the country had fallen for five consecutive weeks. However, compared with the weakening fundamentals, the market’s expectation of “pork stocks” is heating up. Since March, Wens Foodstuff Group Co.Ltd(300498) , Tangrenshen Group Co.Ltd(002567) , Muyuan Foods Co.Ltd(002714) , Beijing Dabeinong Technology Group Co.Ltd(002385) and other pig breeding enterprises have frequently received institutional research. The share prices of related companies also showed relatively strong performance. [details]
brokerage China: a few days ago, quantitative giant Jiukun Investment announced that it decided to purchase its stock asset management products with its own funds by means of monthly fixed investment from March 18. This may mean that private institutions are expected to start a new round of self purchase. A private placement said that in the medium and long term, the market has been at the bottom, especially the China Securities 500 index is at the historical extremely undervalued quantile of 99.41%, which has good medium and long-term allocation value. [details]
subscription of new shares: Rendu biology
new bond subscription: none
IPO: klaette
new bond listing: none
company news
Zijin Mining Group Company Limited(601899) : net profit in 2021 increased by 140.8% year on year
China Molybdenum Co.Ltd(603993) : net profit in 2021 increased by 119.26% year on year
Haitong Securities Company Limited(600837) : net profit in 2021 increased by 17.94% year on year
China Merchants Bank Co.Ltd(600036) : net profit in 2021 increased by 23.2% year on year
Enn Natural Gas Co.Ltd(600803) : net profit in 2021 increased by 94.67% year on year
Canny Elevator Co.Ltd(002367) : recently won the bid for the rail transit market project of about 1.119 billion yuan
Fujian Sunner Development Co.Ltd(002299) : obtained 5.133% of shares held by RWC
Guangdong No.2 Hydropower Engineering Company Ltd(002060) : intends to acquire 100% equity of China Construction Engineering Group, and the trading will resume from March 21
Jingke energy: it is proposed to invest and build a photovoltaic project with a total of 20.8 billion yuan
Eve Energy Co.Ltd(300014) : was selected as the supplier of Bosch
Beijing Shunxin Agriculture Co.Ltd(000860) raises some Baijiu price
Shanxi Securities Co.Ltd(002500) : holding subsidiary Zhongde securities was fined and confiscated 16.98 million yuan for suspected illegal recommendation business of LETV
Guangdong Tonze Electric Co.Ltd(002759) : first quarter net profit increased by 742.8% – 827.08% year on year
TCL Technology: plans to repurchase the company’s shares with RMB 450 million-550 million
data list
Shanghai and Shenzhen Stock Markets: China’s commodity futures closed generally higher, with Lu up more than 10%, crude oil up more than 9%, fuel oil and coking coal up more than 5%, Zheng alcohol and asphalt up more than 3%, eg and red dates up more than 2%, soybean meal and rapeseed meal up more than 1%, threads and eggs up slightly; Only a few varieties such as palm oil and Shanghai nickel closed down.
Hong Kong stocks: Hong Kong Hang Seng Index fell 0.41% and Hang Seng technology index fell 1.92%. The Hang Seng Index rose 4.18% this week, the largest weekly increase since November 2020; The Hang Seng technology index rose 5.6% this week. Internet technology stocks generally fell, with BiliBili down more than 9%, Alibaba down more than 3% and jd.com down more than 4%. Yaoming biological fell more than 5%, leading the decline of blue chips. Energy and telecommunications sectors led the gains. Real estate stocks were divided, and China Evergrande rose more than 8%.
Shanghai Shenzhen Hong Kong stock connect: march 18, statistics showed that the total net purchase of northbound funds was 8.457 billion yuan, including 8.293 billion yuan for Shanghai Stock connect and 164 million yuan for Shenzhen Stock connect. Among the top ten traded stocks, the top three in net purchases are China Merchants Bank Co.Ltd(600036) , Citic Securities Company Limited(600030) , Longi Green Energy Technology Co.Ltd(601012) , with net purchases of 1.202 billion yuan, 583 million yuan and 527 million yuan respectively. The top three net sales were Contemporary Amperex Technology Co.Limited(300750) , Kweichow Moutai Co.Ltd(600519) , Gree Electric Appliances Inc.Of Zhuhai(000651) , with net sales of 778 million yuan, 553 million yuan and 281 million yuan respectively.
dragon and tiger list: on March 18, the largest net capital inflow was China Meheco Group Co.Ltd(600056) , with a net inflow of 190 million yuan on the third day. Data show that the stock closed within the daily limit, with a cumulative increase of 33.09% in the past three days. The net inflow of funds into the top Shanghai Stock connect bought 194 million yuan. There are 20 stocks involved in the list of institutions participating in the dragon and tiger list, of which 4 stocks are net bought by institutions, and Shanghai Labway Clinical Laboratory Co.Ltd(301060) is the most bought, amounting to 574817 million yuan. In addition, 16 shares were sold the most, and China Meheco Group Co.Ltd(600056) was sold the most, with a net sale of 216 million yuan in three days.
margin trading : as of March 17, the balance of Shanghai and Shenzhen stock markets was 1686235 billion yuan, a decrease of 2.2 billion yuan compared with the previous trading day. Among them, the financing balance was 1593824 billion yuan, a decrease of 4.203 billion yuan compared with the previous trading day; The balance of securities lending was 92.411 billion yuan, an increase of 2.003 billion yuan over the previous trading day.
Shibor : Shibor reported 1.9920% overnight, down 1.7 basis points; Shibor reported 2.0730% in seven days, down 1.0 basis points; Three month Shibor reported 2.3680%, up 0.1 basis points
foreign exchange
On March 18, the central parity rate of RMB was reported at 6.3425, down 19 points, and the central parity rate of the previous trading day was reported at 6.3406 The onshore RMB closed at 6.3641 against the US dollar at 16:30 on March 18, down 147 points from the previous trading day
property market observation
21 Century Business Herald: “last weekend, the agent urged me to negotiate the price, saying that the market has warmed up recently, the trading volume has increased, and the house is cost-effective and does not worry about selling.” Su Juan (pseudonym) has been looking at the house for more than a year and is still hesitating whether to “get on the bus” now. On March 16, the National Bureau of statistics released the house price data of 70 cities in February. The data showed that the price of second-hand houses in Beijing rose by 0.7% and 7.4% respectively year-on-year in February, ranking second and first in 70 cities respectively. The price of second-hand houses in Beijing rose for three consecutive months, ranking first in 70 cities for nearly six months. [details]
China Central Television finance and Economics: on March 1 this year, Zhengzhou, Henan Province issued 18 new policies for the real estate market. One of the most interesting measures is that families who have owned a house and settled their loans can borrow according to the first house policy when purchasing a second house. Zhengzhou has thus become the first city in China to comprehensively relax purchase and loan restrictions this year. According to the data, compared with the weekly average in December last year, the average viewing volume of second-hand houses in Zhengzhou increased by 38% in the first two weeks of March, while the transaction growth was more obvious, increasing by 70%. [details]
Dazhong Daily: recently, the reporter called a number of bank staff and learned that most banking institutions in Tai’an, Linyi and Yantai have generally reduced the interest rate of individual housing loans Industrial And Commercial Bank Of China Limited(601398) Tai’an Branch’s head of personal loan department said, “the amount of personal housing loan this year is much looser than last year, and the actual interest rate of personal housing loan has been reduced accordingly. At present, the average interest rate of our first house loan is about 5%, and the average interest rate of second house loan is 5.3%, down about 20 BP and 30 BP respectively.” [details]
International Information International Information
CCTV news client: on the evening of March 18, Xi Jinping president held a video call with US President Biden at the request. The two heads of state had a frank and in-depth exchange of views on issues of common concern such as China US relations and the situation in Ukraine. The 50th anniversary of the “ice breaking” of China US relations last year Xi Jinping at the meeting, he said that one of the most important events in international relations in the past 50 years was the restoration and development of China US relations, which has benefited the two countries and the world. In the next 50 years, the most important thing in international relations is that China and the United States must find the right way to get along. This year marks the 50th anniversary of the “Shanghai Communique” between China and the United States. At the end of last month, the commemorative conference was held in Shanghai to sum up historical experience and enlighten the way forward. In this video call, Biden said that today, 50 years later, the US China relationship is again at a critical moment. How the US China relationship develops will shape the world pattern in the 21st century. [details]
financial Associated Press: the Secretary General of the Energy Regulatory Commission of Thailand said on the 18th that the meeting of the Commission decided to raise the variable electricity price from May to August this year to 4 Thai baht per kWh (about RMB 0.76), an increase of 5.82%, which will set a new high in electricity price in Thailand. The direct reason is that the situation in Russia and Ukraine leads to the fluctuation of global energy prices, but the demand for electricity in Thailand and China continues to grow, and the rising trend of electricity charges is expected to continue until the beginning of 2023. Tanakong, spokesman of the Thai Prime Minister’s office, said on the same day that in order to deal with the impact of the current rise in energy prices on people’s lives, the government called on people to save energy while trying to stabilize China’s energy prices. [details]
China Central Television finance and Economics: Russia and Ukraine are the world’s major Shenzhen Agricultural Products Group Co.Ltd(000061) producers. Affected by the conflict between Russia and Ukraine, animal feed with wheat, corn and other Shenzhen Agricultural Products Group Co.Ltd(000061) as the main raw materials is also in short supply. In Italy, many cows face slaughter due to insufficient feed stocks. Corn, one of the main feed raw materials used in Italian animal husbandry, is mainly imported from Ukraine. Italy’s National Association of livestock feed manufacturers said recently that due to the lack of timely supply, the inventory of raw materials required for feed production is only enough to maintain for 20 days to a month. [details]
futures market
China Futures: China commodity futures closed generally higher, with Lu up more than 10%, crude oil up more than 9%, fuel oil and coking coal up more than 5%, Zheng alcohol and asphalt up more than 3%, eg and red dates up more than 2%, soybean meal and rapeseed meal up more than 1%, threads and eggs up slightly; Only a few varieties such as palm oil and Shanghai nickel closed down.
International Futures: international oil prices rose on the 18th. As of the close of the day, the price of light crude oil futures for April delivery on the New York Mercantile Exchange rose by US $1.72 to US $104.70 a barrel, or 1.67%; London Brent crude oil futures for May delivery rose $1.29, or 1.21%, to close at $107.93 a barrel. April gold futures, the most actively traded gold futures market on the New York Mercantile Exchange, fell $13.9 on the 18th from the previous trading day to close at $1929.3 an ounce, down 0.72%
overseas index
U.S. stock market: the three major U.S. stock indexes opened lower and higher on Friday (March 18) Eastern time, and collectively closed higher. The medium-term positive news in the session pushed both the Dow and the S & P 500 index to the largest weekly increase since 2020. The market continues to pay attention to the latest progress of Russia Ukraine negotiations. As of the close, the Dow Jones index closed up 0.80% to 3475493 points; The NASDAQ index rose 2.05% to 1389384; The S & P 500 index rose 1.17% to 446309.
European stock market: the three major European stock indexes rose slightly. As of the close, the 18 daily average price index of 100 stocks of the financial times in London stock market closed at 740473, up 19.39 points or 0.26% from the previous trading day. In terms of the other two major stock indexes in Europe, France Paris Stock Market CAC40 index closed at 662024, up 7.72 points or 0.12% from the previous trading day; Germany’s Frankfurt stock market DAX index closed at 1441309, up 25.03 points or 0.17% from the previous trading day.
Asia Pacific Stock Market: Nikkei 225 index closed up 184.61 points, or 0.69%, at 268375 points. The Korean index closed at 270002 points, up 46.0%.
