April 8th (Friday), the main contents of today’s headlines are:
China Securities Journal
The overall recovery of cross-border capital inflows is supported by the stable scale of foreign reserves
According to the data released by the State Administration of foreign exchange on April 7, as of the end of March 2022, the scale of China’s foreign exchange reserves was US $3188 billion, a decrease of US $25.8 billion or 0.8% compared with the end of February. In this regard, Wang Chunying, deputy director of the State Administration of foreign exchange and spokesman, said that China’s cross-border capital inflows have generally rebounded, and the supply and demand of the foreign exchange market continue to be basically balanced.
Huaxia China Communications Construction Company Limited(601800) reit was popular and subscribed more than 80 billion yuan on the first day
On April 7, Huaxia China Communications Construction Company Limited(601800) reit, the first public offering REITs in 2022, was officially put on sale to the public. According to channel sources, Huaxia China Communications Construction Company Limited(601800) reit has a hot subscription. On the first day of sale, the subscription amount of public investors has exceeded 80 billion yuan, and the proportion of public placement may be at a record low. After the raising, Huaxia China Communications Construction Company Limited(601800) reit will become the largest public offering REITs product in the Chinese market.
Steady growth in the second quarter will be strengthened, and fiscal and monetary policies are expected to make moves
The executive meeting of the State Council held a few days ago proposed to speed up the implementation of the spirit of the central economic work conference and the measures of the “government work report”, and some can be implemented in advance. Experts believe that the current uncertainty facing China’s external environment has increased, and the economy is facing new downward pressure. It is necessary to continue to strengthen steady growth in the second quarter. The remaining amount of local special bonds may be released faster and efforts will be made to stabilize investment; In the follow-up monetary policy, we will combine aggregate measures with structural tools. Under the guidance of credit easing and cost reduction, the second quarter is an important observation period for RRR reduction.
The issuance volume of government bonds is expected to be the window period of RRR reduction in the second quarter
Financial data for March will be released soon. Experts believe that in the case of large-scale issuance of government bonds, the scale of social financing is expected to maintain stable growth in March. In terms of new credit, although the epidemic may have a certain impact on credit supply in some regions, the market should not overestimate its impact on the total data. It is still necessary to reduce the reserve requirement and interest rate in a timely manner in the follow-up, so as to effectively expand the scale of new loans and give full play to the effectiveness of credit easing
Shanghai Securities News
Affected by the epidemic, what if you don’t get a mortgage? Several banks bail out specific individual customers
For specific groups affected by the current round of epidemic, a number of banks are providing a package of support measures, including extending the repayment period and protecting the rights and interests of credit investigation, involving a number of retail businesses such as personal housing loans, personal consumer loans and credit cards. The reporter recently learned from six major state-owned banks, Industrial Bank Co.Ltd(601166) , China Citic Bank Corporation Limited(601998) , China Minsheng Banking Corp.Ltd(600016) and other institutions that these financial institutions are actively responding to market concerns and further clarifying the rescue policies for specific individual customers.
Shenzhen has issued heavy financial policies and strives to cultivate a number of leading financial technology enterprises
On April 7, Shenzhen local financial supervision and Administration issued three heavy financial policies: several measures to support the development of financial enterprises in Shenzhen, several measures to support the development of financial science and technology in Shenzhen and several measures to promote the sustainable and high-quality development of venture capital and venture capital in Shenzhen.
At the end of March, the scale of China’s foreign exchange reserves was 3188 billion US dollars, and the foundation was solid
According to the data, 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. Many experts believe that the reason why the scale of China’s foreign exchange reserves fell slightly in the current month is that the foreign exchange reserves are denominated in US dollars, and the valuation changes are caused by the exchange rate conversion and asset price changes.
The first quarterly report of the first batch of funds was released, and the strategy of public offering in the second quarter surfaced
The first quarterly report of the first batch of funds was released. On April 7, BOC fund took the lead in disclosing the first quarter report of some of its monetary funds and bond funds in 2022. In addition, Jingshun Great Wall Fund, Boshi fund and other head public offerings successively disclosed the market outlook and investment strategy in the second quarter. On the whole, the above head fund companies believe that China’s steady growth policy will be further strengthened, and the cost performance of equity assets continues to highlight. It is suggested that investors adopt a balanced allocation strategy
Securities Times
Financial escort starts to speed up infrastructure investment
Since the beginning of this year, the construction of major engineering projects in many places has been accelerated and pushed forward. In the first quarter, the infrastructure construction has not only sufficient project reserves, but also escorted by financial funds, which can maintain a high growth rate. Although the epidemic and other factors may interfere with the project construction since March, many experts pointed out that compared with travel consumption and other fields, infrastructure investment is relatively less affected by the epidemic, and the growth rate of infrastructure investment is still expected to remain resilient.
In the first quarter, the production and sales are expected to exceed one million. The orders of new energy vehicles are full and the heat is high
Data show that from January to February, the production and sales of new energy vehicles reached 820000 and 765000, with a year-on-year increase of 1.6 times and 1.5 times, and the market share reached 17.9%. In addition, a number of car companies disclosed the production and sales data in the first quarter. The cumulative sales volume of Byd Company Limited(002594) in the first quarter was 286300, and the cumulative sales volume of new car manufacturers such as Xiaopeng, ideal and Nezha exceeded 30000 in the first quarter. According to rough estimates, the production and sales of new energy vehicles are expected to exceed one million in the first quarter of this year.
Shenzhen’s “three arrows” boost the high-quality development of the financial industry
On April 7, Shenzhen issued several measures to support the development of financial enterprises in Shenzhen, several measures to support the development of financial science and technology in Shenzhen and several measures to promote the sustainable and high-quality development of venture capital and venture capital in Shenzhen, and held a press conference to further promote the high-quality development of Shenzhen’s financial industry.
In March, the scale of foreign reserves decreased slightly, and the overall cross-border capital inflow rebounded
On April 7, the latest official foreign exchange reserve data released by the State Administration of foreign exchange 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
Securities Daily
The central bank held a meeting to analyze the current economic and financial situation, deploy key research tasks in 2022, and realize the orderly and effective connection between green finance and transitional finance
The meeting pointed out that we should focus on serving steady growth and preventing risks, and strengthen the 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.
The whole market subscription of the first public offering REITs this year exceeds 84.4 billion yuan, and the final placement proportion is expected to be less than 0.84%
On April 7, Huaxia China Communications Construction Company Limited(601800) reit, the first public offering REITs product of this year, was officially sold to public investors. This sale was as hot as the previous offline sale.
According to people familiar with the matter, the subscription scale of CCCC REIT public investors has exceeded 84.4 billion yuan. On the premise of the cold issuance of new public funds this year, this single product far exceeded the expected raising scale in the early stage and was eagerly sought after by funds on the first day of sale.
Only by strengthening R & D and building a “moat” can we win the future
On April 7, the guiding opinions on promoting the high-quality development of petrochemical industry in the 14th five year plan were released; On March 29, the “14th five year plan” for the development of traditional Chinese medicine was announced; On March 24, the medium and long-term plan for the development of hydrogen energy industry (20212035) was released… Whether it is the “oil reduction and increasing” strategy of petrochemical and chemical industry, the intelligent and international development of traditional Chinese medicine, or the breakthrough of bottleneck in the hydrogen energy industry according to local conditions, the key to the high-quality development of the industry is to strengthen R & D and overcome core technologies.
The new credit scale in March may be less than that in the same period last year. Institutions expect the central bank to take multiple measures to stabilize growth in the follow-up
Financial data for March will be released soon. Before the official announcement, many institutions believed that the scale of new credit in March was lower than that in the same period last year (2.73 trillion yuan)
people’s daily
A positive force in safeguarding world food security
China’s food security is inseparable from the world, and the world’s food security also needs China. China, which has created the miracle of food self-sufficiency, is actively participating in the governance of world food security. It will continue to unite and cooperate with other countries to implement the UN 2030 agenda for sustainable development and make new contributions to promoting the healthy development of the world food cause and safeguarding world food security
21st Century Business Herald
The performance of semiconductor companies rose collectively last year, and high-end breakthrough is still on the way
The financial reports of China’s semiconductor industry are coming out one after another. Under the tight supply chain and the continuous fluctuation of the external macro environment, the performance of relevant enterprises is obviously improving. However, it should be noted that the high demand for automotive electronics has led to a sharp rise in the performance of relevant companies. However, compared with the leaders of key devices such as overseas MCU, Chinese companies are still making continuous efforts in high-end.
Take stock of Star Funds favored by 2021 institutions: which of the three elements of performance, risk control and fund manager ability is stronger?
With the completion of the disclosure of the fund’s annual report in 2021, the data on the proportion of shares held by institutional investors disclosed in the fund’s annual report has attracted attention. The holding share of institutional investors in a fund is increasing or the proportion of institutions is relatively large, which means that the fund has been recognized by professionals. Then, can individual investors directly choose the active equity fund with a high proportion of institutional positions to buy it
first finance
Affected by the epidemic, it is difficult to repay housing loans? A number of banks responded that they could postpone the repayment of loans for up to 3 months
The reporter learned from a number of banks that some banks have issued relevant measures for areas seriously affected by the epidemic, such as Shanghai and Jilin, and will provide deferred repayment and other policies for specific groups. During the period of deferred repayment, the credit investigation will not be affected. As for the extension time, some banks did not make it clear that they could consult the lending bank for details, while others made it clear that it could be extended for up to three months.
How much room is there for China’s easing when the Federal Reserve raises interest rates by 50bp
In the early morning of Beijing time on the 7th, the Federal Reserve released the minutes of its march policy meeting, suggesting one or more 50 basis point (BP) interest rate hikes in the future. On June 6, the executive meeting of China’s State Council mentioned that “we should deploy and timely use monetary policy tools to more effectively support the development of the real economy”. In view of the repeated outbreaks in China, the recent calls and expectations for interest rate and reserve requirement reduction are high. But in the context of the narrowing interest rate gap between China and the United States, how much room can China relax
economic reference
The Agency predicted that the consumer price index rebounded slightly year-on-year in March, and the pork price continued to fall, superimposing the weakening of demand
The National Bureau of statistics will release the national consumer price index (CPI) data in March. Several institutions predict that due to the continuous decline of pork prices and the weakening of demand, the CPI rebounded year-on-year or slightly in March, with little upward pressure.
Monetary policy is precise, the total supply is “more stable” and the new tool is “more direct”
Recently, a series of policy arrangements have been released. Industry insiders said that looking forward to the future, financial support entities will strive to have a more stable aggregate and better structure, and structural monetary policy tools will play a greater role in helping “accurate and direct”. At the same time, there is still room for further interest rate and reserve requirement cuts.
