daily selection
Xinhua News Agency: General Secretary of the CPC Central Committee, President of the state and chairman of the Central Military Commission Xi Jinping immediately gave important instructions and was shocked to learn of the crash of China Eastern Airlines flight mu5735. We should immediately start the emergency mechanism, fully organize search and rescue and properly deal with the aftermath. The State Council appointed leading comrades to coordinate and deal with the accident as soon as possible, find out the causes of the accident, draw inferences from one instance, strengthen the investigation of potential safety hazards in the field of civil aviation, pay close attention to the implementation of responsibilities, and ensure the absolute safety of aviation operation and the absolute safety of people’s lives. [details]
National Medical Insurance Bureau: national medical insurance bureau announced that covid-19 virus antigen detection reagent and corresponding detection items were temporarily included in the catalogue of basic medical insurance medical service items in the province according to procedures; The newly added nimatovir tablets / ritonavir tablets in the diagnosis and treatment plan (trial version 9) shall be purchased by the medical institution according to the price agreed between the enterprise and relevant departments, and the medical insurance department shall pay according to the regulations. [details]
Securities Times: Li Keqiang presided over the executive meeting of the State Council to deploy comprehensive measures to stabilize market expectations and maintain the steady and healthy development of the capital market. [details]
national development and Reform Commission: recently, the national development and Reform Commission and the Ministry of Finance jointly issued a notice to deploy Sinochem Group, China agricultural means of production group and China Chemical Construction Co., Ltd. to put 1 million tons of national potassium fertilizer reserves in the near future, and actively organize the import of potassium fertilizer to be put on the Chinese market in time to effectively ensure the needs of agricultural production during spring farming this year. Next, the national development and Reform Commission will work with relevant departments and units to actively take a series of measures such as increasing China’s production, expanding imports, putting in reserves and strengthening market supervision according to the situation of China’s foreign fertilizer market, so as to ensure the supply and stable price of potash fertilizer in China. [details]
China business: on the evening of March 21, Zhejiang Huayou Cobalt Co.Ltd(603799) ( Zhejiang Huayou Cobalt Co.Ltd(603799) . SH) announced that it had reached a strategic cooperation intention with Volkswagen (China) and Castle Peak holdings. The first financial reporter learned exclusively from the authoritative source of Qingshan group that the cooperation is “out of touch” with the previous replacement of high matte nickel by Qingshan. The announcement said that the three parties plan to jointly layout the development of nickel and cobalt resources in Indonesia, as well as the integrated business of power battery cathode materials such as nickel and cobalt sulfate refining, precursor processing and cathode material production. [details]
macro economy
China Central Television: on 21, the Ministry of Finance issued a financial subsidy of 400 billion yuan for special transfer payments related to supporting small and micro enterprises to retain, offset and refund value-added tax for small and micro enterprises in 2022, which was used by local governments to ensure the retention, offset and refund of value-added tax for small and micro enterprises, provide timely help for small and micro enterprises and stimulate the vitality of enterprise development. The special funds are included in the scope of direct financial funds. The Ministry of finance will allocate funds separately to support local governments to effectively guarantee the tax rebate funds and ensure that the tax rebate funds are returned to enterprises in time and in full. Among them, the stock tax allowance of small and micro enterprises will be refunded at one time before the end of June. [details]
financial Associated Press: Xiao Yaqing, secretary and Minister of the Party group of the Ministry of industry and information technology, presided over the Party group meeting on the 21st. The meeting stressed that the whole system should further improve its political position, strengthen the bottom line thinking, estimate the risks more fully, prepare measures more comprehensively, and be strict, meticulous and practical. We should continue to improve the supply guarantee system of key medical materials, strengthen the production scheduling and supply guarantee of medical materials such as nucleic acid detection and antigen detection reagents, vaccines, key drugs and medical equipment, strengthen the accurate connection between supply and demand, and ensure timely and sufficient supply. [details]
CCTV news client: at present, spring ploughing and preparation production have been carried out one after another, and agricultural materials products have entered the peak season of sales and use. On the 21st, the Ministry of agriculture and rural areas and other seven departments jointly launched the national action against counterfeiting of agricultural materials in 2022 to promote the stable price and supply of agricultural materials and protect food security and Shenzhen Agricultural Products Group Co.Ltd(000061) quality and safety. [details]
financial Associated Press: Gong Zheng, deputy secretary of Shanghai municipal Party committee, mayor and Secretary of the Party group of the municipal government, presided over the Party group meeting and executive meeting of the municipal government on the 21st. The meeting agreed in principle to the medium and long term plan for the development of hydrogen energy industry in Shanghai (20222035), and pointed out that the development of hydrogen energy industry is not only an important means for Shanghai to accelerate the realization of the “double carbon” goal, but also an important choice to seize the new green and low-carbon track and cultivate and expand new kinetic energy. We should always adhere to the guidance of innovation and strive to contribute to the wisdom of Shanghai. We should constantly improve the planning and layout, coordinate development and security, adhere to “safety first”, and strive to break the policy bottleneck of industrial development. [details]
industry trends
daily economic news: the reporter learned from various channels that relevant departments had a discussion with relevant lithium enterprises recently, mainly involving the lithium salt market. An executive of the participating enterprises said that the meeting was just to understand the market conditions, such as upstream and downstream production and operation, lithium carbonate shortage, how to speed up the release of lithium resource supply outside China, and let all parties put forward suggestions, “which is a normal discussion in the industry”. The proposal of the China Association of nonferrous metals to engage in price fraud at the beginning of this year was almost the same as that of the China Association of nonferrous metals. On the other hand, the proposal of the association of nonferrous metals to engage in price fraud was mentioned in the book. [details]
Securities Times: China Insurance Industry Association released the analysis report on the operation of Internet insurance business of life insurance companies in 2021 on the 21st. According to the report, in 2021, the Internet insurance business entities of life insurance companies remained stable, the scale premium increased steadily, and the market concentration decreased year-on-year. From the perspective of scale premium growth, the Internet life insurance business continued to maintain a steady growth in 2021, with a cumulative scale premium of 291.67 billion yuan, an increase of 38.2% over the same period in 2020. [details]
China Central Television finance and Economics: recently, due to the sharp fluctuation of international crude oil prices, the prices of chemical raw materials in China have generally soared, and the prices of raw materials of resins, coatings, waterproof materials and other products, such as styrene, have increased by nearly 50% year-on-year; Asphalt and emulsion prices rose more than 30% over the same period last year. The cost of downstream companies increased greatly due to the rise in the price of raw materials. It is understood that since February this year, a number of coating and waterproof material companies have issued product price increase letters.
[details]
Securities Times: the 2022 Research Report on the integration and development of digital RMB and the Internet shows that since January this year, about 8.5 million consumers have participated in the pilot activities of promoting consumption of digital RMB launched by meituan in the national “10 + 1” pilot areas, driving the consumption of people’s livelihood by about 6.4 billion yuan. The report believes that as an important basic financial innovation, digital RMB has the characteristics of “financial inclusion”. In the pilot, its inclusive characteristics benefit more regions and people, and its social value is further highlighted. [details]
stock market focus
Xinhua Finance and Economics: China Europe Fund said that from the historical experience, after the emotion is vented, the market capital structure is often fragile, resulting in the concentration of industry performance. It is expected that the market’s pursuit of defense will pay more attention to the certainty of growth. Therefore, it is recommended to pay attention to the infrastructure fields related to the steady growth of financial investment in the defense sector, especially the energy infrastructure, green power and digital infrastructure, as well as the finance, real estate and construction related fields that benefit from steady growth, undervalued and high dividend yield. [details]
The State Development and Reform Commission issued the “new energy development plan” on May 21. The plan focuses on promoting diversified technology development and safety control, and promoting the industrialization of new energy storage with demonstration pilot projects. By 2025, the new energy storage will enter the stage of large-scale development, and by 2030, the new energy storage will be fully market-oriented, basically meeting the needs of building a new power system. Insiders said that more energy storage projects will be implemented during the 14th Five Year Plan period, and the market scale will be more than trillion yuan. [details]
daily economic news: with the disclosure of the annual reports of listed companies, the positions of 10 billion private placement such as Gaoyi assets, Xuanyuan investment and Yingshui investment have gradually surfaced. As of March 18, a total of 22 products of 10 billion securities private placement appeared in the list of the top 10 tradable shares of 32 listed companies that have disclosed their annual reports, with a total market value of 8.544 billion yuan, including 14 new listed companies, 3 reduced listed companies, 2 increased listed companies, and 15 unchanged listed companies. [details]
China Securities News: well known quantitative private equity fund manager Lingjun investment recently released a letter to investors, saying that since the fourth quarter of last year, the market has been closed successively, the investment and research team has been expanded and the model has been iterated, and the performance of the model has tended to be better recently. Coincidentally, magic square also said recently that the performance of excess returns has been stable. At the same time, head quantitative private placement has successively purchased “real gold and silver” to express confidence. [details]
subscription of new shares: Rongchang biology
new bond subscription: Shanshi convertible bond
IPO: Heyuan biology, Junpu intelligence, Huarong chemistry, he Ophthalmology, Harbin Welding Huatong
new bond listing: Silk Road convertible bond
corporate news
Shenzhen Jpt Opto-Electronics Co.Ltd(688025) : was selected as the supplier of Contemporary Amperex Technology Co.Limited(300750)
Longi Green Energy Technology Co.Ltd(601012) : signed a two-year polysilicon material purchase agreement of 44.2 billion yuan
Hangzhou Alltest Biotech Co.Ltd(688606) New Coronavirus antigen test kit obtained China Medical Device Registration Certificate
Hunan Friendship&Apollo Commercial Co.Ltd(002277) : controlling shareholders plan to introduce strategic investors
Overhaul of production line of ammonium phosphate
Miracle Automation Engineering Co.Ltd(002009) : 2 022 first quarter net profit increased by 110.98% – 135.81%
Jiangsu Tongda Power Technology Co.Ltd(002576) : : the net profit in the first quarter of 2022 is expected to decrease by 54.35% – 68.87%
Do-Fluoride New Materials Co.Ltd(002407) : : net profit in 2021 increased by 249080% year-on-year, and it is proposed to pay 3 yuan out of 10
Shanghai Yuyuan Tourist Mart (Group) Co.Ltd(600655) : net profit in 2021 increased by 6.92% year-on-year, and it is proposed to send 3.5 yuan out of 10
Tdg Holding Co.Ltd(600330) : net profit in 2021 increased by 8.87% year on year, and it is proposed to send 0.5 yuan for 10
Guangzhou Lingnan Group Holdings Company Limited(000524) : : loss of 128 million yuan in 2021, year-on-year reduction
China Telecom Corporation Limited(601728) : controlling shareholders increased their holdings of 593 million a shares, costing more than 2.5 billion yuan
Skyworth Digital Co.Ltd(000810) : intends to repurchase shares with RMB 100 million to RMB 200 million
data list
Shanghai and Shenzhen Stock Markets: on March 21, the three major A-share indexes remained volatile. As of the closing, the Shanghai index rose 0.08%, the Shenzhen Composite Index rose 0.41% and the gem index rose 0.46%. On the disk, agricultural planting, covid-19 treatment, building energy conservation, aquaculture, NMN concept, pharmaceutical commerce, power exchange concept, traditional Chinese medicine and other sectors led the increase; Securities, banking, education, digital currency and other sectors led the decline.
Hong Kong stocks: Hong Kong stocks rose and fell, the Hang Seng Index fell 0.89% and the Hang Seng technology index fell 1.53%. Internet technology stocks fell, Kwai and the U.S. group fell by over 6%, and Baidu fell by more than 5%.
Shanghai Shenzhen Hong Kong stock connect: march 21, statistics showed that the total net sales of northbound funds were 8.419 billion yuan, including 4.953 billion yuan for Shanghai Stock connect and 3.465 billion yuan for Shenzhen Stock connect. Among the top ten traded stocks, the top three in net purchases were Midea Group Co.Ltd(000333) , Ganfeng Lithium Co.Ltd(002460) , Longi Green Energy Technology Co.Ltd(601012) , with net purchases of 208 million yuan, 164 million yuan and 107 million yuan respectively. The top three in net sales are Wuliangye Yibin Co.Ltd(000858) , Kweichow Moutai Co.Ltd(600519) , China Vanke Co.Ltd(000002) , with net sales of 352 million yuan, 326 million yuan and 267 million yuan respectively.
dragon and tiger list: on March 21, the largest net capital inflow was Andon Health Co.Ltd(002432) , amounting to 366 million yuan. Data show that the stock rose 9.26% during the day and the turnover rate throughout the day was 22.02%. Guotai Junan Securities Co.Ltd(601211) Beijing Zhichun Road, with the largest net capital inflow, bought 190 million yuan. A total of 31 stocks were involved in the institutional participation list, of which 17 were net bought by the institution, Fujian Aonong Biological Technology Group Incorporation Limited(603363) was the most bought, with a net purchase of 158 million yuan in three days. In addition, 14 shares were net sold by institutions, and Shanghai Pharmaceuticals Holding Co.Ltd(601607) was the most sold, with a net sale of 357 million yuan in three days.
margin trading : as of March 18, the balance of Shanghai and Shenzhen stock markets was 1679333 billion yuan, a decrease of 6.902 billion yuan compared with the previous trading day. Among them, the financing balance was 1586739 billion yuan, a decrease of 7.085 billion yuan compared with the previous trading day; The balance of securities lending was 92.594 billion yuan, an increase of 183 million yuan over the previous trading day.
Shibor : Shibor reported 2.0150% overnight, up 2.3 basis points; Shibor reported 2.1040% in seven days, up 3.1 basis points; Shibor reported 2.3680% in three months, unchanged from the previous day
foreign exchange
On March 21, the central parity rate of RMB was reported at 6.3677, down 252 points, and the central parity rate of the previous trading day was reported at 6.3425 At 16:30 Beijing time, the onshore RMB officially closed at 6.3588, up 53 points from the official closing price of the previous trading day and 27 points from the closing price of the previous day and night
property market observation
country is a through train: although the newly released one-year LPR and five-year LPR are the same as last month, the mortgage interest rate in many places has the largest monthly decline in recent three years. According to the mainstream mortgage interest rate data of key cities released by the shell Research Institute, in March, the interest rate of the first set of mainstream mortgage in 103 key cities in China was 5.34%, and the interest rate of the second set was 5.60%, down 13 and 15 basis points respectively from the previous month. In March, the mortgage interest rate recorded the largest monthly decline since 2019, and the mortgage environment tends to be loose. [details]
financial Associated Press: the reporter learned from authoritative channels that on the 19th, the self-discipline mechanism of market interest rate pricing in Guangxi Zhuang Autonomous Region held a meeting and agreed to reduce the down payment ratio of housing loans in some cities: for those who already own a house in Nanning, the minimum down payment ratio of commercial loans for re purchasing ordinary commercial housing was adjusted from 40% to 30%, Beihai The minimum down payment ratio of commercial loans for Fangchenggang’s first purchase of ordinary commercial housing was adjusted from 25% to 20%. [details]
International Information
financial Associated Press: Moscow stock exchange of Russia restarted the trading of federal government bonds, and the federal bond index fell to 98.215, down 9.4%, the lowest point since December 2014. The Central Bank of Russia announced on the 19th that it would resume the trading of federal government bonds on the Moscow exchange. In order to prevent excessive fluctuations and ensure the liquidity balance of the sector in the reopening stage, the Central Bank of Russia would buy federal government bonds. [details]
interface news: as Germany, Europe’s largest economy, seeks to reduce its dependence on Russian energy, Qatar agreed to commit itself to the supply of liquefied natural gas (LNG) to Germany. According to the statement, the two countries agreed that “their respective commercial entities will re contact and promote the discussion on Qatar’s long-term supply of LNG to Germany”. [details]
futures market
China Futures: China commodity futures closed up or down, with the main contract of Shanghai nickel falling more than 6%, glass, palm and ferrosilicon falling more than 2%, and soybean oil, PVC and pulp falling more than 1%. Urea rose by more than 5%, low sulfur fuel oil by more than 4%, pigs by more than 3%, crude oil, jujube, rapeseed meal, methanol, Shanghai aluminum and LPG by more than 2%, PTA, fuel oil, power coal and staple fiber by more than 1%.
International Futures: international crude oil futures settlement price rose sharply, WTI April crude oil futures settlement price rose $7.42, or 7.08%, to $112.12/barrel. Brent may crude oil futures closed up $7.69, or 7.12%, at $115.62/barrel
overseas index
US stock market: US Federal Reserve Chairman Powell hinted that the pace of interest rate hike might be accelerated. The three major US stock indexes collectively closed lower, with the Dow down 0.58%, the NASDAQ down 0.4% and the S & P 500 down 0.04%. COMEX April gold futures closed up $0.20 to $192950 / ounce.
The European stock index fell 0.47%, while the European stock index fell 0.47%.
Asia Pacific Stock Market: Japan stock market is closed for one day due to the spring equinox. South Korea’s Kospi index closed down 20.97 points, or 0.77%, at 268605 on Monday, March 21.
