daily selection
central bank: people’s Bank of China held the 2022 Video Conference on currency, gold and silver and security work. The meeting called for solid promotion of the pilot research and development of digital RMB, orderly expansion of the pilot scope, continuous improvement of design and use, and gradual establishment and improvement of the management system framework. We will strengthen the cash business management of banking financial institutions, strengthen and improve the issuance management of ordinary commemorative coins and precious metal commemorative coins, further promote the transformation of the people’s Bank of China’s banknote processing, issuance warehouse and security management business, and promote the inventory of non-standard gold and silver and the study of monetary history. Earnestly implement the requirements of “living a tight life”, continuously improve the internal and external management system, and strengthen power supervision and restriction and internal governance. [details]
China Central Television: 23, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, visited the Ministry of agriculture and rural areas and presided over a symposium. Li Keqiang said that China still has a long way to go to realize modernization, and that the registered residence population in rural areas still has 760 million, so we must continue to promote agricultural modernization. We will consolidate and expand the achievements in poverty alleviation and solidly promote rural revitalization. Respect the wishes of farmers and develop various forms of moderate scale operation according to local conditions. Firmly hold the red line of 1.8 billion mu of cultivated land, promote the construction of farmland water conservancy facilities and high standard farmland, speed up the tackling, popularization and application of improved varieties and advanced agricultural machinery and equipment, and improve the comprehensive agricultural production capacity. [details]
China Central Television: Ministry of Commerce spokesman Shu Jue Ting said: China has noted that on March 23, the office of the US trade representative announced that it will resume the exemption from tariff on 352 imports from China, which is conducive to the normal trade of related products. China has always believed that the unilateral tariff increase measures taken by the United States are not conducive to China, the United States and the world. In the current situation of rising inflation and challenges to global economic recovery, it is hoped that the United States will, in the fundamental interests of consumers and producers in China and the United States, cancel all tariffs imposed on China as soon as possible and promote bilateral economic and trade relations to return to normal as soon as possible. [details]
macro economy
Ministry of Finance: from April 1, 2022 to December 31, 2022, the taxable sales income of small-scale VAT taxpayers with a collection rate of 3% shall be exempted from VAT; The prepayment of value-added tax applicable to the prepayment rate of 3% shall be suspended. [details]
financial Associated Press: the Ministry of transport released the development of waterway transportation market in 2021 and the market outlook in 2022. In the international shipping market, it is expected that the supply and demand of shipping volume in the dry bulk cargo transportation market will tend to be balanced, and the freight rate will resume the rising cycle. Tanker transport demand is expected to pick up, and external uncertainties may lead to increased freight rate fluctuations. The global demand for container shipping is expected to remain strong on the whole. The spot market freight rate of liner companies is expected to remain high in the first half of the year. The development of overseas epidemic and port congestion in the second half of the year will be the main factors determining the market trend. [details]
China News Network: on March 24, the Ministry of Finance announced the departmental budget for 2022 on its official website, with a total budget of 7850872800 yuan. The statement of general public budget expenditure shows that the general public budget of the Ministry of Finance allocated 46455168 million yuan in 2022, a decrease of 17957759 million yuan or 27.88% compared with the implementation amount in 2021. [details]
industry trends
CCTV news client: on March 24, Hunan Medical Insurance Bureau issued the notice on effectively doing a good job in the medical security work of current epidemic prevention and control, which made it clear that covid-19 virus antigen detection reagent and corresponding detection items were temporarily included in the catalogue of medical service items of basic medical insurance in Hunan Province, and covid-19 therapeutic drugs included in the payment scope of medical insurance were adjusted. [details]
China Securities News: on March 24, the official website of the State Food and drug administration showed that Walvax Biotechnology Co.Ltd(300142) recombinant bivalent human papillomavirus (HPV) vaccine was officially approved for listing. This is also the second domestic HPV vaccine approved by China after Beijing Wantai Biological Pharmacy Enterprise Co.Ltd(603392) bivalent HPV vaccine was approved for marketing. So far, the number of HPV vaccines approved for marketing in China has increased to 5. [details]
21st century economic report: medium and long term plan for the development of hydrogen energy industry (20212035) proposes to deploy a number of hydrogen energy projects moderately in advance. This year, a number of key projects in the field of hydrogen energy have been implemented one after another. The reporter noted that the layout of large-scale hydrogen production companies and hydrogen charging companies continued to be listed in key areas such as energy and fuel cells this year. [details]
financial Associated Press: “although the company’s component orders are full this year and the operating rate is very good, it is still shocked to see the data.” Wang Xiang, deputy general manager of Hefei Gcl System Integration Technology Co.Ltd(002506) New Energy Technology Co., Ltd., told reporters. According to the data in his mouth, the National Energy Administration recently released statistics that from January to February this year, China’s new photovoltaic grid connection increased by 234% year-on-year, reaching 10.86gw In the press survey recently, a number of component enterprises told reporters that they were all lined up. China’s demand is hot, its foreign exports are increasing, and the industrial chain is not light in the off-season. Industry analysts also believe that in the face of huge market demand, component factories are also accelerating the expansion of production, so as to obtain more market share. [details]
stock market focus
Securities Times: scheduled disclosure time of quarterly reports of listed companies on Shanghai Stock Exchange in the first quarter, Zhongnongfa Seed Industry Group Co.Ltd(600313) won the first place and will be disclosed on April 8 Shandong Jinjing Science And Technology Stock Co.Ltd(600586) , Jiangsu Kanion Pharmaceutical Co.Ltd(600557) , Zijin Mining Group Company Limited(601899) , Shanghai Putailai New Energy Technology Co.Ltd(603659) , Zhuzhou Kibing Group Co.Ltd(601636) will be disclosed on April 12. [details]
financial Associated Press: “the position of the market may have reflected most of the pessimistic expectations we can imagine. Looking back, what else can affect the downward expectations of the capital market? At present, it is very few.
”On the afternoon of March 24, Liu Gesong, deputy general manager of GF, pointed out in an online roadshow. This is also Liu Gesong’s first public voice this year. He said that although the restoration of confidence in the overall market, the optimization of microstructure and the improvement of market funds are not achieved overnight, at present, the market is at the bottom of the stage. There is no need to amplify their pessimism and panic. We should cherish the A-share assets in this position, calm down and think about whether the industry direction and foundation we choose have changed, and what assets have been “wrongly killed”. [details]
21 finance and Economics: entering 2022, Huaxin Securities Shanghai Branch has a stronger momentum to hit the list. According to the reporter’s statistics, it was listed 367 times in the 16 trading days in February this year, with a total turnover of more than 10 billion yuan, ranking first in the whole market. It is puzzling that from March 15 to now, there is no figure of Huaxin Securities Shanghai Branch on the dragon and tiger list. At the same time, there was news on the market that “the stock price was investigated due to quantitative manipulation”, and then “the seat accounts of Huaxin Securities Shanghai branch and Shenzhen Branch were filed for investigation and suspected of money laundering.” [details]
financial Associated Press: Dong Chengfei still has some confidence in the market this year. Now is the stage of choosing future opportunities. If you choose well and wait patiently, you will finally gain something. However, he believes that for a long time to come, it will be a transitional period and a period of low return. From a long-term perspective, Dong Chengfei has been paying attention to the hard technology sector. In the short term, he is optimistic about some stocks with weak correlation with macroeconomic trends, no leverage and deep value. He also said that he would also pay attention to the medium growth companies with a market value of 10-100 billion, and these companies would have opportunities in some segments. [details]
Subscription of new shares: 35
new debt subscription: Fengyu convertible bonds
IPO: Xiangming intelligent, Lushan Xincai
new bond listing: none
company news
Guangzhou Wondfo Biotech Co.Ltd(300482) : partners obtain covid-19 antigen self-test reagent registration certificate
The price of printing ink has been raised since July
Ningbo Construction Co.Ltd(601789) : subsidiary won the bid for 981 million yuan EPC project
Shenzhen Yhlo Biotech Co.Ltd(688575) : covid-19 virus antigen detection kit has obtained China medical device registration certificate
Jieya Co., Ltd.: company’s wet towel products are exempt from customs duties in the United States
China Citic Bank Corporation Limited(601998) : net profit in 2021 increased by 13.6% year-on-year
China Resources Double-Crane Pharmaceutical Co.Ltd(600062) : net profit in 2021 decreased by 6.91% year-on-year
Shan Dong Lubei Chemcal Co.Ltd(600727) : net profit in 2021 increased by 113.62% year on year
Jiangzhong Pharmaceutical Co.Ltd(600750) : net profit in 2021 increased by 6.74% year on year
Zheshang Securities Co.Ltd(601878) : net profit in 2021 increased by 34.94% year on year
Shengyi Electronics Co.Ltd(688183) : net profit in 2021 decreased by 39.83% year on year
Star Lake Bioscience Co.Inc.Zhaoqing Guangdong(600866) : shareholders’ asset management plans to reduce the company’s shares by no more than 2%
Nyocor Co.Ltd(600821) : shareholder CDB finance plans to reduce its shares of the company by no more than 2%
Wanhua Chemical Group Co.Ltd(600309) : shareholder synthetic international plans to reduce its shareholding by no more than 1%
data list
Shanghai and Shenzhen Stock Markets: on March 24, the three major A-share indexes fluctuated weakly. As of the closing, the Shanghai index fell 0.63%, the Shenzhen Component Index fell 0.83% and the gem index fell 0.36%. On the disk, cro concept, pharmaceutical business, precious metals, chemical pharmacy, traditional Chinese medicine, covid-19 treatment, fluorine chemical industry and other sectors led the increase; Digital currency, communication equipment, electronic ID card, football concept, virtual digital man, cloud game, education, semiconductor and other sectors led the decline. Stocks fell more or rose less, and more than 3600 stocks in the two cities floated green.
Hong Kong stocks: Hong Kong Hang Seng Index fell 0.94% and Hang Seng technology index fell 2.95%. Internet technology stocks generally fell, Jinshan software fell more than 9%, Tencent and meituan fell more than 5%. Apple concept stocks fell, while Shun optics fell more than 8%. Haidilao rose by more than 9%, and its revenue increased by 43.7% year-on-year in 2021. Rusal Rose 14% in the afternoon.
Shanghai Shenzhen Hong Kong stock connect: march 24, the North sold 127 million yuan of funds, of which 1.205 billion yuan was bought by Shanghai Stock connect and 1.333 billion yuan was sold by Shenzhen Stock connect. Among the top ten traded stocks, Zijin Mining Group Company Limited(601899) , China Merchants Bank Co.Ltd(600036) , Eve Energy Co.Ltd(300014) purchases ranked among the top three, with net purchases of 384 million yuan, 224 million yuan and 222 million yuan respectively.
dragon and tiger list: on March 24, the largest net capital inflow was Andon Health Co.Ltd(002432) , which was 356 million yuan. Data show that the stock closed within the daily limit, with a turnover rate of 20.16% throughout the day. CITIC Hangzhou Fengqi Road, the top net inflow of funds, bought 257 million yuan; Huaxin Shenzhen Branch net purchases 161 million yuan; CITIC Shanghai Liyang road net purchase of 110 million yuan. A total of 24 stocks were involved in the institutional participation in the dragon and tiger list, of which 7 were net bought by the institution, and Luoyang Northglass Technology Co.Ltd(002613) was the most bought, amounting to 685273 million yuan. In addition, 17 shares were net sold by institutions, and Wingtech Technology Co.Ltd(600745) was sold the most, amounting to 615 million yuan.
margin trading : as of March 23, the balance of Shanghai and Shenzhen stock markets was 1685484 billion yuan, an increase of 589 million yuan over the previous trading day. Among them, the financing balance was 159174 billion yuan, an increase of 40 million yuan over the previous trading day; The balance of securities lending was 93.744 billion yuan, an increase of 549 million yuan over the previous trading day.
Shibor: Shibor reported 2.0050% overnight, up 0.2 basis points; Shibor reported 2.0560% in seven days, down 1.8 basis points; Three month Shibor reported 2.3690%, up 0.1 basis points
foreign exchange
On March 24, the central parity rate of RMB was reported at 6.364, down 82 points, and the central parity rate of the previous trading day was reported at 6.3558 The onshore RMB closed at 6.3697 against the US dollar at 16:30 on March 24, up 45 points from the previous trading day
property market observation
first finance and Economics: the land market where the heat fell to the freezing point last year is changing. In the last week, Hefei, Nanchang and Xiamen all conducted local auction, with obvious warming. A plot in Nanchang was auctioned at a premium rate of 91%. Xiamen, which has just completed the first round of land supply, received 15.4 billion yuan a day and Hefei received 26.4 billion yuan a day. [details]
Beijing News: on March 24, Nanjing Municipal Bureau of planning and natural resources issued a land transfer announcement, which showed that Nanjing planned to supply 20 plots of land in the first batch this year, including 19 residential plots and 1 commercial plot. The total starting price was about 26.723 billion yuan, and the maximum price limit was 30.356 billion yuan. The registration time of the above 20 plots is from April 13 to April 20, 2022, and the limited time bidding is scheduled to be carried out on April 22. [details]
International Information
China Central Television finance and Economics: affected by the situation in Russia and Ukraine, the price of building materials in Japan has risen sharply. On Tuesday, two large steel companies in Japan announced that they would raise steel prices by up to 9% from next month. The price of the most representative construction steel reached a new high in 13 years and 8 months. [details]
China News Network: LG new energy (lges), an energy storage and battery business enterprise of LG Group in South Korea, and stellantis N.V., a multinational automobile manufacturer, announced on March 23 that they had reached a binding final agreement to jointly build Canada’s first large-scale Lithium-Ion battery production plant for electric vehicles in Windsor, Ontario, Canada. [details]
futures market
China Futures: China Commodity Futures mostly closed higher, with Shanghai nickel trading up 17%, stainless steel trading up more than 6%, fuel oil and asphalt trading up more than 4%, soda ash, crude oil and coke trading up more than 3%, coking coal, eggs, Zheng oil and low sulfur fuel oil trading up more than 2%, apple, Shanghai zinc, styrene, PP and iron ore trading up more than 1%. Jujube fell more than 2%, peanut, urea and methanol fell more than 1%.
International Futures: international crude oil futures settlement price fell more than 2%, WTI may crude oil futures settlement price fell $2.59, down 2.25%, to $112.34/barrel. Brent may crude oil futures fell $2.57, or 2.11%, to $119.03 a barrel. COMEX April gold futures settlement price rose 1.3% to 1962.3 U.S. dollars / ounce
overseas index
U.S. stock market : U.S. stocks opened higher and the three major indexes closed higher. The NASDAQ index rose 1.93%, the S & P 500 index rose 1.43% and the Dow index rose 1.02%. Chip stocks led gains, with NVIDIA up nearly 10%, Intel up about 7%, amd up nearly 6%, Broadcom up more than 4% and micron technology up more than 3%.
European stock markets: major European stock indexes rose or fell, with Germany’s DAX30 index falling 0.07%, Britain’s FTSE 100 index rising 0.09% and France’s CAC40 index falling 0.39%.
Asia Pacific Stock Market: Nikkei 225 index closed up 62.84 points, or 0.22%, at 2810300 on Thursday, March 24. South Korea’s Kospi index closed down 5.39 points, or 0.2%, at 272966.
