The overseas market continued to decline. Today (March 7), the Shanghai and Shenzhen stock markets opened low. At the beginning of the session, the stock index once rose strongly and turned red, but then both fell back. In the afternoon, there was even a wave of diving, showing a pulse downward pattern, and the overall performance was depressed.
As of the close of Shanghai and Shenzhen stock markets all day, the Shanghai index fell 1.42% to 3236.7 points; The Shenzhen composite index fell 1.65% to 1197202; The gem index fell 2.1% to 257853.
From the disk point of view, the recent sharp rise in traditional Chinese medicine and real estate sectors took the lead in smashing the sector, and the local profit-making effect plummeted. In terms of industry, cement building materials, coal, wine and other industries rose against the market; In terms of subject stocks, low-carbon metallurgy and phosphorus chemical industry were relatively resistant to decline.
In terms of funds, the central bank announced on April 7 that in order to maintain the reasonable and abundant liquidity of the banking system, the people's Bank of China launched a 10 billion yuan reverse repurchase operation by means of interest rate bidding on April 7, 2022, with a bid winning interest rate of 2.1%. As 150 billion yuan of reverse repo expired today, the people's Bank of China realized a net return of 140 billion yuan in the open market.
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message surface
1. According to the China Securities Journal, the data released by the State Administration of foreign exchange on April 7 showed that by the end of March 2022, the scale of China's foreign exchange reserves was 3188 billion US dollars, a decrease of 25.8 billion US dollars or 0.8% compared with the end of February.
2. According to the Ministry of industry and information technology on April 7, the Ministry of industry and information technology, the national development and Reform Commission, the Ministry of science and technology, the Ministry of ecological environment, the Ministry of emergency management and the National Energy Administration recently jointly issued the guiding opinions on promoting the high-quality development of petrochemical and chemical industry during the 14th five year plan. The opinions pointed out that the "oil reduction and chemical increase" of refining and chemical projects should be promoted in an orderly manner, and the petrochemical industry chain should be extended. Enhance the supply capacity of high-end polymers, special chemicals and other products. Strictly control the new production capacity of oil refining, ammonium phosphate, calcium carbide, yellow phosphorus and other industries, prohibit the new production capacity of mercury (poly) vinyl chloride, and accelerate the exit of inefficient and backward production capacity. Promote the high-end, diversified and low-carbon development of coal chemical industry, and steadily and orderly develop modern coal chemical industry in accordance with the requirements of ecological priority, water based production, total amount control and cluster development.
3. According to the interface news report, the people's Bank of China held a 2022 research videoconference. The meeting pointed out that in 2022, the research system of the people's Bank of China should fully understand the new requirements and challenges put forward by the profound changes in China's external environment for research work, shoulder heavy burdens and act actively. We should focus on serving steady growth and preventing risks, and strengthen research on major basic and forward-looking issues. We should take supporting green and low-carbon development as the main line, continue to deepen the research on transformation finance, realize the orderly and effective connection between green finance and transformation finance, and form operable policies and measures. Guided by the new development concept, we should pay attention to the integrated development of green finance, Inclusive Finance and science and innovation finance, earnestly promote the implementation of reform policies, and constantly deepen the work of regional financial reform. We should take the normalization and long-term effect of party history learning and education as an opportunity to fully understand the significance of red financial history to financial reform and development, and strengthen the systematic research of red financial history by using scientific and standardized methods.
4. According to surging news reports, on April 7, Shenzhen local financial supervision and Administration issued several measures to support the development of financial enterprises in Shenzhen. The measures propose to vigorously develop the financial headquarters economy, attract financial enterprises to set up corporate headquarters in Shenzhen, and continuously enhance the cohesion and radiation of Shenzhen's financial industry. Support qualified cross regional mergers and acquisitions and market-oriented restructuring of financial enterprises, and realize the optimal integration and spillover development of financial resources.
institutional views
Regarding the current market situation, Central China Securities Co.Ltd(601375) pointed out that on Thursday, the A-share market opened low and went down in shock. Affected by the Fed's interest rate hike speech, the Asia Pacific market fell in the morning, and the stock indexes of the two cities jumped low and opened low in the morning, rushed up and fell back after a short time. Recently, the hot industries such as real estate, medicine and banking fell down, dragging the stock indexes down in shock step by step, and more than 90% of the stocks in the two cities fell, Investors' risk aversion increased rapidly. The trading volume of the two cities is 930 billion yuan, and the characteristics of stock game are significant.
Considering the recent uncertainty of influencing factors outside China, it is less likely that the Shanghai index will continue to rise in the short term. Before the external factors are further clarified, the stock index is more likely to maintain range shock. It is expected that the short-term slight shock of the Shanghai index is more likely, and the short-term slight consolidation of the gem is more likely. Investors are advised to wait and see for a while in the short term and continue to pay attention to the investment opportunities of undervalued blue chips in the middle line.
Yingda Securities said that after the adjustment in the first quarter, with the protection of policies, the support of fundamentals and the boost of liquidity, A-Shares will usher in the bottom recovery in the second quarter. At present, A-Shares have good medium and long-term investment performance price ratio, and can focus on the direction of steady growth and post epidemic repair.
Macroscopically, Guosheng Securities pointed out that under the influence of adverse factors such as the epidemic, international tensions and the Fed's interest rate increase and contraction, China's economic data did not exceed expectations. At the same time, limited by volume and energy, it is difficult for the market to form an upward force. The probability of reversing the market in the short term is low, and the shock consolidation market may run through the whole month.
China International Capital Corporation Limited(601995) believes that although the short-term market may still fluctuate, the stage similar to the sharp decline in the previous period may have ended, and the market opportunities in the medium-term dimension outweigh the risks. Structurally, the main line of "stable growth" may still have configuration value. In the future, with the gradual mitigation of "stagflation" risk and supply risk at the overseas macro level, the growth expectation will gradually stabilize, and the growth style with high prosperity is also worthy of gradual attention.
