daily selection
Chinese government website: the State Council issued a notice on the establishment of a special additional deduction of individual income tax for the care of infants and young children under the age of 3. The relevant expenses of taxpayers for caring for infants and children under the age of 3 shall be deducted according to the standard quota of 1000 yuan per month for each infant and child. Parents can choose to deduct 100% of the deduction standard by one party or 50% of the deduction standard by both parties. The specific deduction method cannot be changed within a tax year. [details]
China Central Television: the stable supply and price of chemical fertilizer for spring ploughing is directly related to the stability of spring ploughing production. Recently, the national development and Reform Commission, together with 11 departments and units including the Ministry of industry and information technology, the Ministry of Finance, the Ministry of ecological environment, the Ministry of transport, the Ministry of agriculture and rural areas, the Ministry of Commerce, the SASAC, the General Administration of customs, the General Administration of market supervision, the China Federation of supply and marketing cooperatives and the State Railway Group, issued a notice, All localities and relevant central enterprises are required to start with the production, supply, storage and marketing of chemical fertilizer, ensure the stable operation of chemical fertilizer supply and market, and support agricultural production in spring by strengthening China’s chemical fertilizer production and supply capacity, improving the transportation capacity of chemical fertilizer and its production raw materials, actively doing a good job in reserves, improving the circulation efficiency of chemical fertilizer, strengthening the coordination of agricultural materials market supervision, and Earnestly Promoting the reduction and efficiency of chemical fertilizer, Consolidate the foundation of summer grain harvest. [details]
interface news: one belt, one road, is issued by the national development and Reform Commission, the national development and Reform Commission and other departments. It is also about the idea of promoting the green development of the “one belt and one road” by the . In 2025 one belt, one road, one belt, one road, was continuously deepened in terms of international exchange and cooperation in ecological environment protection and climate change. The concept of green silk road was recognized by all parties. Solid cooperation in green infrastructure, green energy, green transportation, green finance and other fields was promoted steadily. The green demonstration project led more obvious role, and the environmental risk prevention ability of overseas projects was significantly improved. [details]
financial Associated Press: Kweichow Moutai Co.Ltd(600519) released the main financial data of 2021 and the main business conditions in the first quarter of 2022. In 2021, the total operating revenue was 109.46 billion yuan, an increase of 11.71% year-on-year; The net profit was 52.46 billion yuan, a year-on-year increase of 12.34%. In the first quarter of 2022, the company expects to achieve a total operating revenue of about 33.1 billion yuan, an increase of about 18% year-on-year; The net profit attributable to the shareholders of the listed company is expected to be about 16.6 billion yuan, with a year-on-year increase of about 19%. [details]
macro economy
CCTV news client: the Ministry of housing and urban rural development recently said that in order to implement the relevant requirements of the 14th five year plan for national economic and social development and the outline of long-term objectives for 2035, it decided to comprehensively accelerate the construction of urban operation management service platform and promote the “one network unified management” of urban operation management on the basis of the construction and networking of urban comprehensive management service platform. [details]
interface news: according to the news on the 28th of the website of the SASAC, the SASAC issued a notice on rent reduction and exemption for small and micro enterprises and individual industrial and commercial households in the service industry in 2022. The service industry is an important part of the national economy. Small and micro enterprises and individual businesses in the service industry play an important role in prospering the market, promoting employment and maintaining stability. Recently, affected by adverse factors such as the impact of the epidemic, small and micro enterprises and individual industrial and commercial households in the service industry have difficulties in operation and are facing a severe survival crisis. All central enterprises should proceed from the height of stabilizing market players, doing a good job in the “six stabilities” and implementing the “six guarantees”, resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, actively implement the requirements of rent reduction and exemption policies, effectively reduce the business burden of small and micro enterprises and individual industrial and commercial households in the service industry, and highlight the responsibility of central enterprises at the critical moment. [details]
China News Network: 28, the person in charge of the Ministry of agriculture and rural areas interpreted the guiding opinions on protecting the intellectual property rights of the seed industry, cracking down on the infringement of fake and shoddy cards and creating a good environment for the revitalization of the seed industry, and answered relevant questions. The Ministry of agriculture and rural areas pointed out that the safety of seed sources is related to national security. We must make up our mind to develop China’s seed industry and realize the self-reliance and self-improvement of seed industry science and technology and the independent control of seed sources. [details]
industry trends
interface news: according to the national development and Reform Commission, as of March 23, the appearance price of pigs in China was 13.06 yuan / kg, down 1.28% from March 16; The price of corn in the main wholesale market was 2.88 yuan / kg, unchanged from March 16; The specific price of pig grain was 4.53, down 1.31% from March 16. [details]
interface news: on March 28, Guo Ping, chairman in office of Huawei, said at the performance conference that Huawei reiterated that it would not build cars. Huawei should use Huawei’s technology accumulated for more than 30 years to deeply integrate with the automotive industry to help car enterprises build and sell cars. In the automotive field, Huawei has established cooperative relations with more than 300 partners. [details]
China News Network: “this is the first exploration and development of shale oil in the Qinghai Tibet Plateau. At present, the well controlled oil-bearing area is 42 square kilometers, which is expected to form considerable large-scale reserves and provide long-term resource support for energy security.” On the 28th, Zhang Qinghui, deputy manager of yingyingling shale oil project department, told reporters. On the same day, Qinghai Oilfield Branch of Petrochina Company Limited(601857) natural gas group company held the launching ceremony of hero ridge shale oil project department and the drilling ceremony of Yingye 1H pilot test platform in Ganchaigou area. The launching of the project is also the first large-scale development of shale oil in the Qinghai Tibet Plateau. [details]
financial Associated Press: reporters learned from the third-party Market Research Organization cinnorresearch that in February, the sales of smart phones in the Chinese market were about 23.48 million, down 20.5% year-on-year, 24.0% month on month, and both contracted year on month. Cinno research believes that due to the impact of the macro environment, mobile phone manufacturers began to reduce market expectations and reduce mobile phone supply chain orders, and reduce the specification and configuration of mobile phone products. At the same time, the weak demand for high-end models and repeated outbreaks have slowed down the development pace of China’s mobile phone market. [details]
stock market focus
first finance and Economics: Citic Securities Company Limited(600030) disclosure annual report, net profit of 23.1 billion yuan in 2021, with a year-on-year increase of 55.01%, the company plans to pay 5.4 yuan out of 10.
[details]
financial Associated Press: on March 28, the coal sector rose. As of the closing, the sector index rose nearly 2%. At present, the price of thermal coal is basically stable. As of the closing on March 28, the price of thermal coal futures closed at 847.4 yuan / ton. Kaiyuan Securities believes that in terms of demand, with the warming of the temperature after April, industrial power will gradually relay the civil power load. In the short term, considering the impact of the epidemic on the downstream operating rate, the daily consumption of the power plant may fall rapidly. In the later stage, we still need to pay attention to the recovery progress of the epidemic. At the same time, entering the maintenance season of the power plant may also bring some pressure on the demand; In terms of supply, it may still focus on stable supply, but at the same time, the transportation capacity is also affected by the epidemic, and the supply may be stable and tight. In the short term, the decline in demand may bring some relief to the tight supply situation, and the coal price may fall reasonably. However, there is no strong downward pressure, and it is still expected to remain high. [details]
China Fund News: Lu Wenjie, investment director of BlackRock fund, said that the market should not panic excessively. Chinese stocks are very valuable in global allocation; The valuation of Hong Kong stock market has advantages, and asset allocation is of great significance. [details]
Securities Times: photovoltaic data in the first quarter is more likely than expected. With the continuous release of new silicon production capacity, the supply side is gradually abundant, which is expected to drive the growth of downstream demand. As the hottest branch of the new energy track, the photovoltaic industry has grown rapidly in the past few years, and the upstream and downstream companies have benefited significantly, giving birth to bull stocks such as Longi Green Energy Technology Co.Ltd(601012) , Tongwei Co.Ltd(600438) , Sungrow Power Supply Co.Ltd(300274) , Ja Solar Technology Co.Ltd(002459) , Hangzhou First Applied Material Co.Ltd(603806) . From 2022 to now, the new energy track has cooled down, institutional group stocks have fallen sharply, and blue chip leading stocks are no exception. However, as a high-quality track of new energy, institutions favor the photovoltaic industry. According to the statistics of data treasure, at the end of 2021, the number of photovoltaic industry stock holding funds reached 3420, an increase of 470 over the previous quarter, an increase of 15.93%. [details]
subscription of new shares: Qifeng Seiko
new bond subscription: none
IPO: tynkon, wankai new material, Foxconn
new bond listing: none
company news
Shanghai Junshi Biosciences Co.Ltd(688180) : js116 capsule clinical trial application accepted
Ningbo Color Master Batch Co.Ltd(301019) : it is planned to invest 600 million yuan to build a new material project with an annual output of 50000 tons of color masterbatch
Walvax Biotechnology Co.Ltd(300142) : subsidiary received the registration certificate of bivalent HPV vaccine drugs
Shenzhen Yhlo Biotech Co.Ltd(688575) and MBL’s New Coronavirus antigen test kit contract second orders have been delivered.
Guizhou Bailing Group Pharmaceutical Co.Ltd(002424) and Liaoning Lida Diabetes Hospital of traditional Chinese medicine participated in the project of “sugar Ning Tong Luo tablet”.
Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) : first quarter net profit increased by 23% year-on-year
Pengxin International Mining Co.Ltd(600490) : first quarter net profit increased by about 49% year-on-year
Shenzhen Capchem Technology.Ltd(300037) : first quarter net profit increased by 210% – 230% year-on-year
Ningbo Shanshan Co.Ltd(600884) : first quarter net profit increased 148% – 181% year-on-year
Hangzhou Alltest Biotech Co.Ltd(688606) : first quarter net profit increased 585% – 692% year-on-year;
China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) : estimated net profit in the first quarter increased by 96.78% – 122.59% year-on-year
Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) : estimated net profit in the first quarter increased by 43% – 55% year-on-year
Tsingtao Brewery Company Limited(600600) : net profit in 2021 increased by 43.34% year on year. It is proposed to pay 11 yuan in 10
data list
Shanghai and Shenzhen Stock Markets: march 28, the stock indexes of the two markets were divided, and the Shanghai index performed strongly. As of the close, the Shanghai index rose 0.07%, the Shenzhen composite index fell 1.02% and the gem index fell 1.66%. In terms of sectors, the real estate sector continued to rise sharply, Tianjin Realty Development (Group) Co.Ltd(600322) and other more than 10 stocks rose by the limit, Tianjin Tianbao Infrastructure Co.Ltd(000965) 9 connected to the board. Hongmeng concept, seed industry, yuancosmos, media and entertainment, coal, tourism and banking also led the increase; Lithium, wine making, medicine, nonferrous metals, etc. fell sharply. More than 60 stocks in the two cities rose by 10% or more. Stocks in the two cities fell more or less, and more than 2800 stocks fell.
Hong Kong stocks: Hong Kong Hang Seng Index closed up 1.31%, Hang Seng technology index closed up 2.62%. Internet technology stocks collectively rebounded, the US group rose by over 11%, and Kwai went up by 6%. Energy stocks strengthened collectively, with China Shenhua Energy Company Limited(601088) up more than 9%, Sinopec up more than 4% and CNOOC up more than 3%.
Shanghai Shenzhen Hong Kong stock connect: march 28, northbound capital net bought 5.03 billion yuan, ending the net sale for five consecutive days. Among them, the net purchase of Shanghai Stock connect was 2.866 billion yuan and that of Shenzhen Stock connect was 2.165 billion yuan. Among the top ten traded stocks, Tongwei Co.Ltd(600438) , Longi Green Energy Technology Co.Ltd(601012) , Zijin Mining Group Company Limited(601899) received net purchases of 421 million yuan, 343 million yuan and 184 million yuan respectively. Net selling, Baijiu sold again, Kweichow Moutai Co.Ltd(600519) was sold for 382 million yuan, sold for 12 consecutive days, and Wuliangye Yibin Co.Ltd(000858) was sold for 172 million yuan.
dragon and tiger list: on March 28, the largest net capital inflow was China Fortune Land Development Co.Ltd(600340) , with a net inflow of 200 million yuan on the third day. Data show that the stock closed within the daily limit, rising 15.49% in the past three days. Huaxin Shenzhen Branch, the top net inflow of funds, bought 131 million yuan on the third day. A total of 24 stocks were involved in the institutional participation list, of which 9 were net bought by the institution, and Guangdong No.2 Hydropower Engineering Company Ltd(002060) was the most bought, with RMB 181 million.
In addition, 15 shares were net sold by institutions, and Ningbo Deye Technology Co.Ltd(605117) was sold the most, with 138 million yuan.
margin trading : as of March 25, the balance of Shanghai and Shenzhen stock markets was 1679276 billion yuan, a decrease of 5.649 billion yuan compared with the previous trading day. Among them, the financing balance was 1587204 billion yuan, a decrease of 4.074 billion yuan compared with the previous trading day; The balance of securities lending was 92.072 billion yuan, a decrease of 1.575 billion yuan compared with the previous trading day.
Shibor : Shibor reported 1.9460% overnight, down 5.5 basis points; Shibor reported 2.1880% in seven days, down 1.9 basis points; Three month Shibor reported 2.3700%, up 0.1 basis points
foreign exchange
On March 28, the central parity rate of RMB was reported at 6.3732, up 7 points, and the central parity rate of the previous trading day was reported at 6.3739 The onshore RMB closed at 6.3702 against the US dollar at 16:30 on March 28, down 47 points from the previous trading day
property market observation
Securities Times website: after a brief “Silence”, the “fireworks” in Shenzhen returned again, and the property market also gradually returned to normal. New projects restarted sales offices and intermediary stores. According to the data of Meilian property National Research Center, last week (March 21 to March 27), there were 912 online signed first-hand houses in Shenzhen, up 496.1% month on month; The city recorded 321 second-hand houses, up 872.7% month on month. [details]
surging news : on March 28, Suzhou natural resources and Planning Bureau of Jiangsu Province issued the announcement on online listing and transfer of state-owned construction land use right in Suzhou, which is also the first batch of centralized transfer plots in Suzhou in 2022. According to the announcement, a total of 15 residential land were listed this time, with a total starting price of 22.698 billion yuan and a total transfer area of 826800 square meters. According to the local auction rules, the margin ratio of this bidding was reduced to 20% from 30% announced in the third batch last year. [details]
International Information
China Central Television finance and Economics: due to the impact of the situation in Russia and Ukraine on international coal prices, the important building material cement that is inseparable from infrastructure and real estate in South Korea is facing a shortage crisis. Recently, the inventory of major cement plants in South Korea has run out, and the operation progress of downstream concrete enterprises has been forced to slow down. In South Korea, almost all the fuel coal “bituminous coal” required for cement production depends on imports, and more than 70% comes from Russia. As of the third week of this month, the price of bituminous coal in Russia and surrounding countries had risen to about $340 per ton (about 2160 yuan), more than doubling from the first week of January. [details]
China News Network: China’s Ministry of Commerce said on the 28th that the China Uzbekistan investment cooperation forum was held recently. Minister of Commerce Wang Wentao said that he is willing to strengthen cooperation with Uzbekistan in digital economy and other fields. In his video speech at the opening ceremony, Wang Wentao said that in recent years, China Uzbekistan economic and trade cooperation has maintained a good development momentum, the cooperation mechanism has been improved, the trade scale has been expanded, the investment cooperation has been steadily promoted, and a number of important projects have been successfully implemented, helping Uzbekistan’s industrial upgrading and people’s livelihood improvement. [details]
futures market
China Futures: China commodity futures closed up or down, with Shanghai nickel down more than 14%, stainless steel down more than 6%, soybean meal, rapeseed meal, fuel oil and crude oil down more than 2%, and power coal, international copper, Douyi and corn down more than 1%. Iron ore rose by more than 4%, ferrosilicon by more than 3%, pulp and ethylene glycol by more than 2%, thread, PVC, hot coil and PP by more than 1%.
International Futures: international crude oil futures settlement price fell sharply by more than 6%. The settlement price of WTI may crude oil futures closed down US $6.94, or 6.09%, to US $105.96/barrel; The settlement price of Brent crude oil futures in May closed down US $8.17, or 6.77%, to US $112.48/barrel. COMEX April gold futures settlement price fell 0.7% to $1939.8 / ounce
overseas index
U.S. stock market: the three major U.S. stock indexes collectively closed up, with the NASDAQ index up 1.31%, the S & P 500 index up 0.71% and the Dow index up 0.27%. Tesla rose more than 8%, and Tesla will require shareholders to vote at this year’s annual general meeting to authorize an increase in the number of shares in order to split shares.
European stock market: most major European stock indexes closed up, with Germany’s DAX index up 0.78%, France’s CAC40 index up 0.54%, Britain’s FTSE 100 index down 0.14% and Italy’s FTSE MIB index up 0.63%.
Asia Pacific Stock Market: Nikkei 225 index closed down 183.34 points, or 0.65%, at 279665 points. South Korea’s Kospi index closed down 0.42 points, or 0.02%, at 272956.
