daily selection
Securities Times: Li Keqiang presided over the executive meeting of the State Council to deploy the timely use of monetary policy tools to more effectively support the development of the real economy. [details]
21 finance and Economics: finance and Economics: on April 6, the central bank, together with the development and Reform Commission, the Ministry of justice, the Ministry of finance, the CBRC, the CSRC, the safe and other relevant departments, drafted the financial stability law of the people’s Republic of China (Draft for comments) to solicit opinions from the society. The reporter learned from the person in charge of relevant departments of the central bank that the formulation of the financial stability law is a system first arrangement. It aims to establish institutional arrangements for risk prevention, resolution and disposal, improve the long-term mechanism for maintaining financial stability, improve China’s financial rule of law system, further strengthen the financial safety net, and firmly hold the bottom line of no systemic risk. [details]
financial Associated Press: Longi Green Energy Technology Co.Ltd(601012) relevant people responded to reporters that “in the short term, the cancellation of electricity price preference does have a certain impact on production costs, but the overall impact is controllable. The company will take other measures to reduce production costs in the future.” Previously, Longi Green Energy Technology Co.Ltd(601012) announced that the Yunnan development and Reform Commission canceled the preferential tariff policies and measures enjoyed by the company in Yunnan Province. Since September 1, 2021, all the electricity prices of the company will be formed through power market transactions and settled directly with power grid enterprises, which will have a certain adverse impact on the profits of the company. [details]
financial Associated Press: the minutes of the fed meeting released on Wednesday (April 6) local time showed that Fed officials discussed how to reduce the balance sheet plan at the March meeting. Most Fed officials attending the meeting believed that it might be appropriate to reduce the asset ceiling of $95 billion per month, and said that it might need to raise interest rates by 50 basis points once or more. [details]
macro economy
financial Associated Press: the Ministry of industry and information technology publicly solicited opinions on the action plan for digital “three products” in the consumer goods industry (20222025) (Draft for comments). The goal is that by 2025, the ability of technology integration and application of digital “three products” in the consumer goods industry will be significantly enhanced, and a number of new products, famous products and high-quality products will be cultivated in the field of consumer goods, with continuous improvement of variety leadership, quality competitiveness and brand influence. [details]
21 finance and Economics: on April 6, 21, the general office of the China Banking and Insurance Regulatory Commission issued a notice on the key work of comprehensively promoting rural revitalization through banking and insurance services in 2022. We will increase agricultural credit. All banking institutions should continue to list agriculture related and inclusive agriculture related credit plans separately, strive to achieve the continuous growth of the balance of agriculture related loans of the same caliber, and achieve the growth target of differentiated inclusive agriculture related loans. The Agricultural Development Bank and large and medium-sized commercial banks should strive to realize that the growth rate of inclusive agriculture related loans is higher than the average growth rate of all loans of the bank. [details]
Xinhuanetco.Ltd(603888) : the reporter learned from the Agricultural Development Bank of China on the 6th that the Agricultural Development Bank of China recently issued the implementation opinions on striving to be the main force in the revitalization of the financial service seed industry to the whole system, which made it clear that during the 14th Five Year Plan period, the cumulative investment and loan linkage funds of no less than 100 billion yuan will be arranged to provide long-term and stable financial services for the high-quality development of the modern seed industry. [details]
industry trends
first finance and Economics: the quarterly press conference of China Tourism Research Institute was held on the 6th. It was pointed out at the meeting that due to the impact of the new round of epidemic, the elastic travel demand showed a further contraction trend in the first quarter of 2022, and the tourism economy showed a pattern of “stable opening, slow rise and low income”. It is estimated that in the first quarter, 973 million people traveled in China and 640 billion yuan of tourism revenue in China, a year-on-year decrease of 5% and 13% respectively, a month on month increase of 75% and 16% respectively, and a comparable recovery to 80% and 47% in the same period in 2019. [details]
Xinhua News Agency: reporters learned from the National Development Bank on the 6th that since this year, the bank has focused on the main business of development finance and played the role of medium and long-term investment and financing. In the first quarter, it issued 76.5 billion yuan of clean energy industry loans, with a loan balance of 48.8 billion yuan higher than that at the end of the previous year, promoting the construction of large-scale wind power and photovoltaic power generation bases and the implementation of green and low-carbon projects in pumped storage, hydropower and nuclear power. [details]
interface news: april 6 news, China Xindeng trust registration data show that in March 2022, the industry added 3845 trust products with initial registration, a month on month decrease of 0.80%; The initial raising scale was 425135 billion yuan, an increase of 12.48% month on month. The new scale has picked up. [details]
financial Associated Press: according to market feedback, some major manufacturers in Chongqing will raise the cement price by 100 yuan / ton in the main city and northwest Chongqing market from May 5 to 6. A number of cement enterprises said that due to the continuous high price of coal and the rise of oil price, the freight of raw materials increased, which had a great impact on the cost of cement production. According to a large local cement enterprise, the current price of coal to the plant has exceeded 1600 yuan / ton. In addition, since March, the cement price in Chongqing has continued to fall, the overall cement price is low, the enterprise profit is reduced and the pressure is increased, which is also one of the reasons for the price rise. [details]
stock market focus
A otherstocks rose by the daily limit. Since the beginning of this year, the stock price of Shanxi Panlong Pharmaceutical Group Limited By Share Ltd(002864) has risen by 139.58%, while the stock price of Qinghai Spring Medicinal Resources Technology Co.Ltd(600381) , Jinghua Pharmaceutical Group Co.Ltd(002349) , Shijiazhuang Yiling Pharmaceutical Co.Ltd(002603) , Shanxi Zhendong Pharmaceutical Co.Ltd(300158) has risen by more than 50%. [details]
first finance and Economics: on April 6, A-share chicken concept stocks rose against the trend. The market generally believed that this was directly related to the continuous deterioration of the avian influenza epidemic in the United States.
The crisis has spread to 23 states across the United States, killing more than 27 million birds, CCTV News reported. The USDA said it was the worst bird flu outbreak in the United States since 2015. [details]
Securities Times: recently, the relevant person in charge of the national development and Reform Commission said that during the 14th Five Year Plan period, the national development and Reform Commission will actively work with relevant departments to strengthen system planning and top-level design, strengthen the guiding role of the government, further improve the supporting policies for the development of Beidou industry, strengthen supervision and management, and promote the high-quality development of Beidou industry. In terms of specific work, we will study and formulate laws and regulations related to satellite navigation; Accelerate the preparation and revision of relevant standards for Beidou application; Organize the implementation of major projects of Beidou industrialization; Guide financial institutions to increase credit support for Beidou industrial projects; The white paper on the development of Beidou industry was released. [details]
daily economic news: recently, the 2021 annual reports of A-share listed banks have been released one after another, and many banks have made generous investments – the dividend ratio is more than 30%, and the dividend rate is 6%, which is higher than the yield of most bank financial products. In this regard, some people believe that it is better to buy bank shares than financial products. Compared with the recent situation that the net value of financial products fluctuates greatly, bank stocks maintain a stable dividend, which is indeed very attractive. Professionals believe that buying bank financial management and investment banking stocks represent different investment methods of financial products. Although the dividend rate of some bank stocks is high, investment banking stocks should not only depend on the dividend rate, but also on the bank fundamentals, profitability and asset quality. Investors need to allocate assets according to their own risk preference. [details]
subscription of new shares: Xinte electric, Hongde shares, Jingwei Hengrun
new bond subscription: none
IPO: minglida, Tianyi medical
new bond listing: none
company news
Guomai Culture & Media Co.Ltd(301052) : investment in the film “Four Seas” has a loss of about 7 million yuan to 9 million yuan
China National Software And Service Company Limited(600536) : it is proposed to set up China Telecom Chuangxin with related parties of RMB 700 million
Wens Foodstuff Group Co.Ltd(300498) :
Changchun High And New Technology Industries (Group) Inc(000661) : recombinant human growth hormone injection and other drugs approved by the State Food and Drug Administration
Snowsky Salt Industry Group Co.Ltd(600929) : the volume and price of main products increased simultaneously, and the net profit in the first quarter increased by 148% – 166% year-on-year
Cmst Development Co.Ltd(600787) : first quarter net profit increased by 520% to 570% year on year
Keda Industrial Group Co.Ltd(600499) : estimated net profit of RMB 900 million in the first quarter, with a year-on-year increase of 371.91%
Yunnan Yuntianhua Co.Ltd(600096) : estimated net profit of 1.64 billion yuan in the first quarter, with a year-on-year increase of 185.18%
Henan Huanghe Whirlwind Co.Ltd(600172) : it is proposed to raise an additional 800 million yuan to 1.05 billion yuan to cultivate diamond industrialization projects
China Vanke Co.Ltd(000002) : achieved a contract sales amount of 41.53 billion yuan in March
Chengxin Lithium Group Co.Ltd(002240) : Sun company intends to subscribe for the pre IPO equity of aby company in Australia
Muyuan Foods Co.Ltd(002714) : 3 month pig sales revenue 7.432 billion yuan
Zhejiang Narada Power Source Co.Ltd(300068) : net profit in the first quarter of 2022 increased by 1514% – 1632% year-on-year
data list
Shanghai and Shenzhen Stock Markets: on April 6, the three major indexes opened low and basically maintained a weak and volatile trend throughout the day. The real estate sector strengthened significantly, Bright Real Estate Group Co.Limited(600708) and other 17 shares rose by the limit, and led to the strengthening of upstream and downstream industrial chains such as steel and infrastructure. As of the close, the Shanghai index rose 0.02%, the Shenzhen composite index fell 0.45% and the gem index fell 1.24%. On the disk, steel, construction, real estate and other sectors led the increase; Semiconductor, aviation, electrical equipment and other sectors led the decline.
Hong Kong stocks: Hong Kong Hang Seng Index fell 1.87% and Hang Seng technology index fell 3.82%. Technology stocks collectively fell, Byd Company Limited(002594) electronics, Huahong semiconductor fell by over 6%, Alibaba, Kwai fell more than 5%. Oil and real estate stocks rose, with CNOOC up more than 5% and Yuzhou group up more than 11%. The trend of pharmaceutical stocks was divided, and the development of pharmaceutical industry rose by more than 106%.
Shanghai Shenzhen Hong Kong stock connect: on April 6, northbound funds sold a net 5.321 billion yuan unilaterally throughout the day, ending net purchases for three consecutive days, of which the Shanghai Stock connect sold a net 2.510 billion yuan and the Shenzhen Stock connect sold a net 2.811 billion yuan. Among the top ten traded stocks, Sungrow Power Supply Co.Ltd(300274) , China State Construction Engineering Corporation Limited(601668) , Ping An Insurance (Group) Company Of China Ltd(601318) net purchases ranked among the top three, with net purchases of 312 million yuan, 152 million yuan and 147 million yuan respectively. The first three stocks sold net were Cosco Shipping Holdings Co.Ltd(601919) , China Tourism Group Duty Free Corporation Limited(601888) , Longi Green Energy Technology Co.Ltd(601012) , with net sales of 428 million yuan, 380 million yuan and 314 million yuan respectively.
dragon and tiger list: on April 6, the largest net capital inflow was Qilu Bank Co.Ltd(601665) , which was 121 million yuan. Data show that the stock closed within the daily limit for two consecutive trading days, with a cumulative increase of 22.33% in the past three days. The net flow of funds into the top Huatai headquarters bought 465129 million yuan. A total of 25 stocks were involved in the institutional participation in the dragon and tiger list, of which 12 stocks were net bought by the institution, and Bank of Lanzhou was the most bought, amounting to 715761 million yuan. In addition, 13 shares were net sold by institutions, and Fujian Snowman Co.Ltd(002639) was sold the most, with 107 million yuan.
margin trading : as of April 1, the balance of Shanghai and Shenzhen stock markets was 1660552 billion yuan, a decrease of 12.287 billion yuan compared with the previous trading day.
Among them, the financing balance was RMB 157014 billion, a decrease of RMB 10.677 billion compared with the previous trading day; The balance of securities lending was 90.538 billion yuan, a decrease of 1.61 billion yuan compared with the previous trading day.
Shibor : Shibor reported 1.8480% overnight, up 54.0 basis points; Shibor reported 2.0040% in seven days, up 16.7 basis points; Shibor reported 2.3700% in three months, unchanged from the previous day
foreign exchange
On April 6, the central parity rate of RMB was reported at 6.3799, down 290 points, and the central parity rate of the previous trading day was reported at 6.3509 The onshore RMB closed at 6.3636 against the US dollar at 16:30 on April 6, down 45 points from the previous trading day
property market observation
surging news: on April 6, according to the monitoring data of the central index, during the Tomb Sweeping Day holiday in 2022 (April 3-April 5), the transaction area of new commercial houses in key monitoring cities decreased by 64.7% year-on-year. Among them, the market activity of hot cities such as Beijing and Suzhou has increased, the confidence of home buyers has recovered, and the transaction scale of new houses has increased slightly year-on-year. The transaction scale of other representative cities has decreased to varying degrees year-on-year due to factors such as repeated epidemic or lack of confidence in home ownership. Among them, Wuhan, Nanjing, Dalian and Ningbo have decreased by more than 70% year-on-year. [details]
financial Associated Press: second and third tier cities are deregulating the real estate market, and the pace of regulation and control is accelerating. According to statistics, as of April 6, six cities have relaxed their property market regulation policies in the past week, namely Fuzhou, Nanning, Lanzhou, Qinhuangdao, Quzhou and Mianyang, half of which are provincial capitals. Detailed information
surging news: will the world usher in a new era of inflation? The bank for International Settlements, known as the “Central Bank of central banks”, made a statement recently. On April 5 local time, Agust í n Carstens, President of the bank for International Settlements (BIS), warned in a speech entitled “the return of inflation”. With the deterioration of relations between the West and Russia and the reversal of globalization after the covid-19 epidemic, the world is facing a new era of high inflation and high interest rates, which is likely to require real interest rates to rise above the neutral level for a period of time to curb demand. [details]
interface news: since the escalation of the situation in Russia and Ukraine at the end of February, the EU proposed sanctions against Russia in the field of energy for the first time. On April 5 local time, European Commission President von delaine issued a statement proposing a fifth round of sanctions against Russia, including a ban on coal imports from Russia. The contract price of Rotterdam coal futures on the London Intercontinental Exchange (ice) rose 16.7% to $300 / ton in May. Since this year, the futures price has risen by more than 180%. [details]
futures market
China Futures: China commodity futures closed with ups and downs. Apple rose more than 5%, fuel oil and ferrosilicon rose more than 3%, SS and coke rose more than 2%, crude oil and starch rose more than 1%; Corn and coking coal rose slightly; Glass fell by more than 3%, rapeseed meal and soda ash fell by more than 2%, soybean meal and Huyin fell by more than 1%, and PVC and bean second fell slightly. The main crude oil futures contract of the futures exchange closed down 7.3% at night and is now reported at 624.7 yuan / barrel.
International Futures: WTI crude oil futures in May fell 5.62% to US $96.23/barrel; Brent June crude oil futures closed down 5.22% to $101.07 a barrel. COMEX June gold futures fell 0.20% to US $192310 / ounce
overseas index
U.S. stock market: the three major U.S. stock indexes closed down, with the Dow down 0.42%, the S & P 500 down 0.97% and the NASDAQ down 2.22%. Software, automobile and aviation sectors led the decline.
European stock markets: major European stock indexes closed down, with Germany’s DAX30 index down 1.93%, Britain’s FTSE 100 index down 0.33%, France’s CAC40 index down 2.21% and Europe’s Stoxx 50 index down 2.38%.
Asia Pacific Stock Market: Nikkei 225 index closed down 421.98 points, or 1.52%, at 273660 points. South Korea’s Kospi index closed down 24.17 points, or 0.88%, at 273503.
