The total net outflow of large funds was 6.7 billion yuan, 29.9 billion yuan less than the previous trading day. According to the statistics of wind financial terminal, 55 of the 134 industry sectors of Shenwan secondary industry (2021) have net inflow, and the number of net inflow sectors is 28 more than that of the previous trading day. The top five sectors of the net inflow are: shipping ports 2 billion 132 million yuan, securities 2 billion 116 million yuan, Baijiu 1 billion 381 million yuan, game 753 million yuan, white goods 718 million yuan; The top five sectors of net outflow are: Traditional Chinese Medicine – 2.877 billion yuan, chemical pharmacy – 2.012 billion yuan, software development – 928 million yuan, computer equipment – 908 million yuan and pharmaceutical commerce – 869 million yuan.
It is suggested to pay attention to the banking sector. The specific analysis is as follows:
1) the central economic work conference stressed that the economic work in 2022 should be “stable and make progress while maintaining stability”, and required to “actively launch policies conducive to economic stability”. Infrastructure investment, real estate deviation correction and double carbon economy in 2022 are expected to drive wide credit.
2) with steady growth, the banking sector is expected to form a DDM numerator denominator resonance market. At the molecular end, under the wide credit, the bank’s revenue is compensated by volume, and the bad pressure on the cost end is relieved; At the denominator end, the improvement of economic expectation leads to the improvement of risk assessment.
3) recommendation: Industrial Bank Co.Ltd(601166) , Postal Savings Bank Of China Co.Ltd(601658) , Bank Of Nanjing Co.Ltd(601009) , China Everbright Bank Company Limited Co.Ltd(601818) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) , Bank Of Jiangsu Co.Ltd(600919) .
