Key investment points:
The national development and Reform Commission and the Energy Administration jointly issued the medium and long term plan for the development of hydrogen energy industry (20212035)
On March 23, the national development and Reform Commission and the National Energy Administration jointly issued the medium and long term plan for the development of hydrogen energy industry (20212035). Propose the following objectives:
The plan points out that we should give full play to the guiding role of investment in the central budget and support the development of hydrogen energy related industries. Strengthen financial support, encourage banking financial institutions to support the development of hydrogen energy industry in accordance with the principles of controllable risk and commercial sustainability, and use scientific and technological means to provide accurate and differentiated financial services for high-quality enterprises. Encourage industrial investment funds and venture capital funds to support hydrogen energy innovative enterprises in accordance with the principle of marketization, and promote the transfer and transformation of scientific and technological achievements. Support qualified hydrogen energy enterprises to register for listing and financing on the science and innovation board, gem, etc. By 2025, the number of fuel cell vehicles will be about 50000, and a number of hydrogen refueling stations will be deployed. Hydrogen production from renewable energy has reached 1 China Vanke Co.Ltd(000002) 00000 tons / year, which has become an important part of new hydrogen energy consumption and achieved carbon dioxide emission reduction of 1-2 million tons / year. The goal is to form a relatively perfect institutional and policy environment for the development of hydrogen energy industry, significantly improve the industrial innovation ability, basically master the core technology and manufacturing process, and preliminarily establish a relatively complete supply chain and industrial system by 2025.
Overall, the plan provides strong support for the realization of the “double carbon” goal. Favorable for hydrogen energy related sectors.
Us resumes 352 tariff exemptions for Chinese imports
China Central Television News reported that on March 23 local time, the U.S. trade representative office said it would resume tariff exemptions for some Chinese imports. The tariff exemption involves 352 of the previous 549 pending products. This provision will apply to goods imported from China between October 12, 2021 and December 31, 2022.
When Russia decides to supply natural gas to “unfriendly countries”, it will use ruble for settlement
Comprehensive Xinhua News Agency reporters abroad reported that Russian President Vladimir Putin announced on the 23rd that Russia will use ruble for settlement when supplying natural gas to “unfriendly countries” such as EU Member States and the United States. According to the Kremlin website, Putin said during a video conference with members of the Russian government on the 23rd that some western countries have made illegal decisions to freeze Russian assets in the past few weeks. It is meaningless for Russia to use dollars, euros and other currencies to settle when supplying goods to EU Member States and the United States. Russia will implement comprehensive measures in the shortest time. The first is to use ruble for settlement when supplying natural gas to “unfriendly countries”. Putin said that Russia will continue to supply natural gas according to the quantity and price specified in the contract, and the Russian government and the central bank should determine the procedures for relevant settlement in rubles within one week.
Financing funds
On March 22, the balance of A-share financing was 1591687 billion yuan, an increase of 236 million yuan month on month; The balance of margin trading was 1684887 billion yuan, down 184 million yuan month on month. The balance of financing minus securities lending was 1498487 billion yuan, an increase of 656 million yuan month on month.
Land stock connect and Hong Kong stock connect
On March 23, the net purchase transaction of land stock connect on that day was -194 million yuan, including 41.370 billion yuan of purchase transaction and 41.564 billion yuan of sales transaction, with a cumulative net purchase transaction of 1595013 billion yuan. A total of HK $19.490 billion of Hong Kong shares were purchased and HK $2.490 billion of Hong Kong shares were sold on the same day.
Money market
On March 23, Bank Of Shanghai Co.Ltd(601229) inter-bank offered rate Shibor overnight interest rate was 2.0030%, up 5.70bp, Shibor one week was 2.0740%, up 0.10bp. The weighted interest rate of pledged repo of deposit institutions was 2.0008% overnight, up 5.04bp and 2.0551% a week, down 0.13bp. The 10-year maturity yield of China national debt was 2.8302%, down 0.00bp.
Overseas stock market
On March 23, the Dow Jones Industrial Average closed at 3435850 points, down 1.29%; The S & P 500 index closed at 445624 points, down 1.23%; The NASDAQ index closed at 1392260, down 1.32%. European stock markets, French CAC index closed at 658143 points, down 1.17%; Germany’s DAX index closed at 1428365 points, down 1.31%; The FTSE 100 index closed at 746063, down 0.22%. In the Asia Pacific market, the Nikkei index closed at 2682743 points, up 0.65%; The Hang Seng Index closed at 2215408, up 1.21%.
Foreign exchange rate
On March 23, the dollar index rose 0.21% to 986470. The euro fell 0.24% against the dollar to 1.1004. The dollar rose 0.29% against the yen to 1211475. The pound fell 0.44% against the dollar to 1.3205. The spot exchange rate of RMB against the US dollar closed at 6.3742, depreciating by 0.22%. The spot exchange rate of offshore RMB against the US dollar closed at 6.3892, depreciating by 0.20%. The central parity rate of RMB against the US dollar closed at 6.3558, up 0.17%.
Gold, crude oil
On March 23, Comex gold futures rose 1.18% to close at 194420 US dollars / ounce. WTI crude oil futures rose 5.15% to close at US $114.35/barrel. Brent crude oil futures rose 6.07% to close at US $117.66/barrel. COMEX copper futures rose 1.42% to close at US $4.7770/lb. LME copper three-month futures rose 1.41% to close at US $10425 / ton.
