daily selection
central bank: on the basis of the existing pilot areas, add six cities hosting the Asian Games in Tianjin, Chongqing, Guangzhou, Fujian, Fuzhou, Xiamen and Zhejiang as the pilot areas, and Beijing and Zhangjiakou, Hebei will become the pilot areas after the 2022 Beijing winter Olympic Games and winter Paralympic Games. Adhere to the “two-tier operation” structure, give full play to the advantageous role of the designated operation organization, and strengthen the pilot application and ecosystem construction. Strengthen the construction of safety and risk prevention and control system, improve relevant laws and regulations and standard system, deepen the research on theoretical issues, and constantly consolidate the pilot foundation of digital RMB research and development. [details]
China Securities News: the national development and Reform Commission organized the first inter ministerial joint meeting on the implementation of 102 major projects in the 14th five year plan on March 31. The meeting reviewed the working rules of the inter ministerial joint meeting on promoting the implementation of 102 major projects in the 14th five year plan and the key points of work in 2022, and studied and deployed the key work in the next step. The meeting stressed that 102 major projects are important contents of the outline of the 14th five year plan and an important starting point for promoting the implementation of the 14th five year plan. Promoting the implementation of 102 major projects benefits both the present and the long term, which plays an important role in expanding effective investment and promoting steady and healthy economic development. According to the requirements of the meeting, all departments should deploy according to the key points of work in 2022, strengthen organization and leadership, strengthen coordination and cooperation, and ensure the implementation and effectiveness of each task of 102 major projects. [details]
financial Associated Press: Byd Company Limited(002594) automobile officially announced that according to its strategic development needs, the whole vehicle production of fuel vehicles will be stopped from March 2022. In the future, Byd Company Limited(002594) will focus on pure electric and plug-in hybrid vehicles in the automotive sector Byd Company Limited(002594) also said that it would continue to provide perfect service and after-sales guarantee for existing fuel vehicle customers, as well as the supply of spare parts in the whole life cycle. [details]
21 Century Business Herald: on April 2, the CSRC announced the provisions on strengthening the confidentiality and archives management related to overseas securities issuance and listing of domestic enterprises (Draft for comments) to solicit opinions from the public. The CSRC pointed out that the state continues to support all kinds of qualified enterprises to list abroad and continuously deepen cross-border regulatory cooperation. It is believed that the revision of the regulations will further improve the compliance level of overseas listed enterprises and promote the healthy and orderly development of overseas listing activities. [details]
macro economy
China CCTV news client: national medical security office, the State Council to respond to New Coronavirus pneumonia epidemic prevention and control mechanism medical treatment group issued a notice to adapt to the COVID-19 virus pneumonia epidemic prevention and control situation changes, reduce the cost of large-scale nucleic acid screening and high frequency detection, reduce the public medical institutions COVID-19 virus nucleic acid detection of government guidance price. Each province should reduce the single person inspection to no more than 28 yuan per person; Multi person mixed inspection shall be reduced to no more than 8 yuan per person. Provinces that implement separate pricing and charging of testing prices and reagent prices shall set capping standards not higher than the above level. [details]
National Health Commission: healthy China action Promotion Committee Office printed and distributed the work points of healthy China action in 2022, including: formulating a series of supporting policies such as national standards and management measures for e-cigarettes; Printing and distributing the 14th five year plan for healthy aging; Print and distribute the “14th five year plan” for the development of childcare services. [details]
The Beijing municipal government released the “plan of charging power stations for public use” on the 14th, which shows that the average radius of charging power stations in Beijing is less than 2340km. The plan proposes that by 2025, 700000 charging piles of various types will be built, and the average service radius of public charging facilities in plain areas will be less than 3km. Carry out pilot work on the application of new energy vehicle power exchange mode. [details]
National Energy Administration: recently, the national development and Reform Commission and the National Energy Administration jointly issued a notice to speed up the development and construction of pumped storage projects during the 14th Five Year Plan period. The notice points out that accelerating the development of pumped storage plays an important role in accelerating the construction of a new power system, promoting the large-scale and high proportion development of renewable energy, achieving the goal of carbon peak and carbon neutralization, ensuring the safe and stable operation of the power system, improving the level of energy security, promoting the expansion of effective investment and maintaining the stable and healthy development of economy and society. [details]
industry trends
interface news: on April 1, Deng Zhaojun, deputy director of Shandong Provincial Energy Bureau, said in response to a reporter’s question that for the “14th five year plan” offshore wind power projects completed and connected to the grid in 20222024, the provincial finance will give subsidies of 800 yuan, 500 yuan and 300 yuan per kW respectively, and the subsidy scale will not exceed 2 million KW, 3.4 million KW and 1.6 million KW respectively. [details]
State Administration of market supervision: at present, the integration of electrification, intelligence, networking and sharing in the automotive industry is accelerating, traditional safety problems and new safety problems are superimposed, and the automotive safety situation is complex and changeable. In order to better protect consumers’ personal property and social public safety, and improve the safety supervision methods of new automobile technologies, new business forms and new models, according to the regulations on the administration of recall of defective automobile products, it is planned to try out the sandbox supervision system in the field of automobile safety. [details]
China Central Television: Ministry of culture and tourism and other five departments studied and drafted the notice on regulating script entertainment business activities (Draft for comments), and solicited comments from the public from April 1. The draft stipulates that the script entertainment business unit shall, within 30 natural days from the date of operation, report the address of the business place and the name, author, brief introduction, age range and other information of the script used in the place to the county-level cultural and tourism administrative department where the business place is located for the record through the national cultural market technology supervision and service platform.
Script entertainment business units shall adhere to the correct guidance and establish a content self-examination system to ensure the legitimacy of the content. [details]
China Securities News: on April 5, 4, Ctrip released “travel insight during the 2022 Qingming holiday”. During this small and long holiday, “rural + experiential” tourism continued to be popular. Ctrip data show that the proportion of rural tourism orders in Qingming this year has increased by 20% compared with that before the epidemic; Since 2022, rural tourism has recovered 92% compared with the same period in 2019, which is one of the tourism categories with the strongest recovery momentum. From the perspective of rural tourism consumption power, Beijing users ranked first with 39% of orders. [details]
stock market focus
Securities Times: Guojun strategy team said that spring will eventually come, so we should be confident. However, under the existing policy mix and fundamental expectations, before the path of demand and credit easing is clear, the Shanghai Composite Index 31003400 fluctuates. At this stage, it is recommended to make a defensive counterattack rather than a trend counterattack. In terms of investment, we should focus on stocks with low-risk characteristics, pay attention to the intersection of undervalued value and profit improvement, and focus on consumption and cycle sectors. [details]
Shanghai Securities News: the “myth of invincibility” of new shares is broken, which makes the balance of the market begin to tilt towards M & A. Since last year, the breaking of new shares on the first day of listing has occurred repeatedly, and many investors began to reconsider the M & a market. In its view, the breaking risk superimposes the cost of IPO queuing time and sales restriction time, and the way of M & A is worth a try. The report released by the securities M & a business department of the Federal Reserve recently predicted the A-share M & a market in 2022. The report believes that under the trend of gradual decline of IPO valuation advantages, the spring of A-share M & A is coming. At the same time, in the context of shell price depreciation, “a eats a” will also become the norm. [details]
China Securities News: with the intensive disclosure of the 2021 annual report of A-share listed companies, the heavy positions of private placement of 10 billion securities have gradually surfaced. According to the latest monitoring data obtained by third-party institutions, as of April 2, according to the public information of A-share listed companies that have published the annual report of 2021, the products of 10 billion level securities private placement institutions have appeared in the list of the top ten circulating shareholders of 96 listed companies by the end of 2021. [details]
brokerage China: insurance funds, as one of the largest institutional investors in the capital market, have played an important role in supporting the steady operation of the capital market and optimizing the investor structure. As an important institutional investor in the market, how do insurance fund institutions look at the future market? The reporter learned that recently, more than 10 large and medium-sized insurance asset management companies have given research and judgment on the equity market from the perspective of long-term institutional investors, including all trillion and quasi trillion institutions with management scale. Many insurance asset managers said that they have been firmly optimistic about the development prospect of China’s capital market for a long time. After the release of valuation pressure in the previous two months, the market valuation has returned to a reasonable level. [details]
subscription of new shares: anda smart
new bond subscription: none
IPO: Zhongfu Shenying
new bond listing: Chengdu silver convertible bond, shang22 convertible bond
company news
Chongqing Brewery Co.Ltd(600132) : net profit in 2021 increased by 8.3% year on year, and it is proposed to pay 20 yuan for 10
By-Health Co.Ltd(300146) : first quarter net profit is expected to decrease by 10% – 30% year-on-year
Avcon Information Technology Co.Ltd(300074) : shareholders plan to reduce no more than 3% shares of the company
Sinomine Resource Group Co.Ltd(002738) : some directors and senior executives plan to reduce their total shares by no more than 1.05%
Dinglong Culture Co.Ltd(002502) : two shareholders plan to reduce their shares by no more than 5.49% in total
Hyunion Holding Co.Ltd(002537) : UnionPay business intends to reduce the company’s shares by no more than 1%
Zhejiang Huayou Cobalt Co.Ltd(603799) : Quzhou subsidiary’s production line affected by the epidemic is resumed
Navinfo Co.Ltd(002405) : and Honeywell have reached cooperation in automotive electronic chips and other fields
Ganfeng Lithium Co.Ltd(002460) : MT Marion project expansion plan: the lithium concentrate capacity will reach 900000 tons / year within the year
SST Jiatong: company stock may be subject to delisting risk warning
China National Nuclear Power Co.Ltd(601985) : on grid power in the first quarter increased by 16.56% year on year
China Fortune Land Development Co.Ltd(600340) : Wu Xiangdong resigned as chairman and CEO
Anyuan Coal Industry Group Co.Ltd(600397) : three pairs of coal mines in Fengcheng area were shut down for rectification
Longi Green Energy Technology Co.Ltd(601012) : Yunnan Provincial Development and Reform Commission cancels the preferential tariff policies and measures enjoyed by the company
data list
Shanghai and Shenzhen Stock Markets: on April 1, the stock indexes of the two markets strengthened, but individual stocks still fell more or less, hot spots rotated, the correction of pharmaceutical sector, and the strength of hotels and tourism; Property stocks weakened and rose again in the afternoon. As of the close, the Shanghai index rose 0.94%, the Shenzhen Composite Index rose 0.91% and the gem index rose 0.28%. In terms of sectors, the hotel catering sector rose sharply, and several stocks such as Jinling Hotel Corporation Ltd(601007) , Guangzhou Lingnan Group Holdings Company Limited(000524) , etc. rose by the limit; Transportation services, tourism, banking, wine making, media, etc. rose sharply; The real estate sector also led the rise, Nanjing Chixia Development Co.Ltd(600533) and more than 10 stocks rose by the limit; Recently, the stronger pharmaceutical sector led the decline, and construction, covid-19 medicine and electronic identity also fell. About 2600 stocks in the two cities fell, and about 80 stocks rose by 10% or more.
shares: 4 days on 4, Hongkong’s Hang Seng Index closed up 2.1% points at 2250231 points, the Hang Seng Index rose 5.43%, the beep increased 13%, Kwai rose more than 8%, Jingdong, Baidu, the US group increased by 7%, Alibaba rose nearly 4%, and Tencent rose nearly 3%.
The new energy vehicle sector rose sharply, with Xiaopeng automobile and ideal automobile up more than 10%, Byd Company Limited(002594) up more than 8%, and Weilai up nearly 8%. Anti epidemic concept stocks strengthened, with the development of pharmaceutical industry up nearly 37%, Geli pharmaceutical up more than 14%, Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) up more than 12%, and JD health up nearly 11%.
Shanghai Shenzhen Hong Kong stock connect: 4.1, northbound funds bought a net 4.421 billion yuan throughout the day, including 1.688 billion yuan for Shanghai Stock connect and 2.733 billion yuan for Shenzhen Stock connect. Among the top ten traded stocks, Cosco Shipping Holdings Co.Ltd(601919) , China State Construction Engineering Corporation Limited(601668) , Longi Green Energy Technology Co.Ltd(601012) net purchases ranked the top three, with net purchases of 720 million yuan, 462 million yuan and 382 million yuan respectively. The first three stocks sold net were China Tourism Group Duty Free Corporation Limited(601888) , China Merchants Bank Co.Ltd(600036) , Wanhua Chemical Group Co.Ltd(600309) , with net sales of 367 million yuan, 220 million yuan and 208 million yuan respectively.
dragon and tiger list: on April 1, the largest net capital inflow was Langold Real Estate Co.Ltd(002305) , with a net inflow of 184 million yuan on the third day. Data show that the stock closed within the daily limit, up 33.21% in the past three days. Huaxin Shanghai Wanping South Road, which ranks first in the net flow of funds, bought 469479 million yuan on the third day. A total of 30 stocks were involved in the institutional participation list, of which 14 were net bought by the institution, and Shanghai Fudan Microelectronics Group Co.Ltd(688385) was the most bought, amounting to 163 million yuan. In addition, 16 shares were net sold by institutions, and Cccg Real Estate Corporation Limited(000736) was the most net sold, with a net sale of 568 million yuan in three days.
margin trading : as of March 31, the balance of Shanghai and Shenzhen stock markets was 1672839 billion yuan, a decrease of 6.813 billion yuan compared with the previous trading day. Among them, the financing balance was 1580691 billion yuan, a decrease of 5.737 billion yuan compared with the previous trading day; The balance of securities lending was 92.148 billion yuan, a decrease of 1.076 billion yuan compared with the previous trading day.
Shibor : Shibor reported 1.3080% overnight, down 29.6 basis points; Seven days Shibor reported 1.8370%, down 18.0 basis points; Three month Shibor reported 2.3700%, down 0.2 basis points
foreign exchange
On April 1, the central parity rate of RMB was 6.3509, down 27 points, and the central parity rate of the previous trading day was 6.3482 The onshore RMB closed at 6.3591 against the US dollar at 16:30 on April 1, down 158 points from the previous trading day
property market observation
Securities Times: on April 1, the Quzhou municipal government of Zhejiang Province issued the notice on promoting the virtuous circle and healthy development of urban real estate industry, in which the purchase restriction policy was cancelled and the sales restriction policy was relaxed. Industry insiders believe that this is the first city in China to relax the “two restrictions” at the same time this year, which has a very strong signal significance. [details]
surging news: Lanzhou City, Gansu Province recently issued several measures for Lanzhou city to implement the strategy of strengthening the provincial capital and further optimize the business environment (No. 1). The measures clearly proposed to reduce the threshold of individual house purchase, increase the amount of provident fund loans, relax regional purchase restrictions and relax sales restrictions. Specifically, in terms of stimulating vitality and promoting the healthy development of the market, the measures propose to reduce the threshold for individuals to buy housing. The minimum down payment ratio for individuals to purchase the first set of housing through commercial banks and provident fund loans shall not be less than 20%, and the minimum down payment ratio for the second set of housing shall not be less than 30%. At the same time, we should reduce the burden of individual housing consumption. We will intensify the issuance of individual housing mortgage loans and guide financial institutions to implement preferential policies on loan interest rates in accordance with regulatory provisions. For families who own a house and have settled the house purchase loan, if they apply for a loan again to buy a house in order to improve their living conditions, the financial institution shall implement the first house loan policy. [details]
China Securities News: recently, the housing and Urban Rural Development Commission of Mianyang City, Sichuan Province issued a notice on publicly soliciting opinions and suggestions on the notice on promoting the stable and healthy development of the real estate market (Exposure Draft). The draft not only proposes to encourage development enterprises to give special preferential treatment to families with two or three children on the basis of the highest preferential treatment, but also proposes to increase the maximum amount of housing provident fund loans for “double employee” families. [details]
International Information
CCTV news client: the bird flu epidemic in the United States is deteriorating. At present, the crisis has spread to 23 states in the United States, resulting in the slaughter of more than 27 million birds. Dennis summers, a veterinarian at the Ohio Department of agriculture, said wild birds may carry the virus and spread it through feces as they fly across the United States. In addition, the outbreak of avian influenza has led to soaring egg prices. According to US media reports, the average price of eggs is $2.88 per dozen, an increase of 52% compared with the first confirmed case of avian influenza in February, the highest level since March 2020. Summers said that if the government fails to effectively control the spread of avian influenza in commercial farms, it is likely to have a devastating impact on farmers and supply chains. [details]
CCTV news client: over the years, the German Federal Ministry of economy and the Federal Ministry of environment have been in great contradiction in the coordination between the development of wind power generation and the protection of natural species, because the expansion of wind power requires more land, and species protection is the main reason why the construction of wind turbines is not approved. On April 4 local time, the German Federal Ministry of economy and the Federal Ministry of environment finally reached an agreement to determine that Germany will vigorously develop wind power generation in the future by “adapting to nature protection”. According to the agreement, Germany will formulate a national unified wind turbine test and approval standard for the first time to better protect birds. At the same time, wind turbines will be generally allowed to enter the landscape reserve in the future. [details]
surging news: the efficacy of traditional Chinese medicine in the treatment of covid-19 pneumonia was recognized by the WHO expert meeting. The report of “who expert evaluation meeting on the treatment of covid-19 pneumonia with traditional Chinese medicine” was released on the official website of who on March 31. 21 international experts from six regions of who participated in the evaluation meeting. The meeting report pointed out that traditional Chinese medicine can effectively treat covid-19 pneumonia, reduce the conversion of mild and common cases to severe cases, shorten the virus clearance time and improve the clinical prognosis of mild and common patients. [details]
futures market
China Futures: China Commodity Futures mostly closed down, with soybean meal, crude oil, rapeseed meal and LPG falling more than 5%, palm and bean 2 falling more than 4%, low sulfur fuel oil falling more than 3%, peanut, ethylene glycol, fuel oil, urea and methanol falling more than 2%.
Apple rose more than 5%, iron ore and ferrosilicon rose more than 3%, and hot coil, PVC and coking coal rose more than 1%.
International Futures: WTI crude oil futures closed down 1.28% to US $101.96/barrel. COMEX June gold futures fell 0.3% to US $192750 / ounce
overseas index
U.S. stock market: the three major U.S. stock indexes collectively closed down, with the Dow down 0.8%, the S & P 500 down 1.25% and the NASDAQ down 2.26%.
European stock markets: most major European stock indexes closed down, with Germany’s DAX30 index down 0.68%, Britain’s FTSE 100 index up 0.69% and France’s CAC40 index down 1.28%.
Asia Pacific Stock Market: april 5, the Nikkei 225 index closed up 51.51 points, or 0.19%, at 2778798 points. South Korea’s Kospi index closed up 1.3 points, or 0.05%, at 2759.2.
