daily selection
national development and Reform Commission: on the afternoon of April 8, the leading group office of carbon peak carbon neutralization held a teleconference to inform the problems related to the falsification of carbon market data, and deployed to crack down on the falsification of carbon emission data and promote the healthy and orderly development of carbon market. Hu Zucai, deputy director of the national development and Reform Commission, attended the meeting and delivered a speech. Ye min, Vice Minister of the Ministry of ecological environment, briefed on relevant issues. Su Wei, Deputy Secretary General of the national development and Reform Commission, presided over the meeting. [details]
China Central Television: Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, presided over a symposium of economic situation experts and entrepreneurs on the 7th. Li Keqiang said that at present, the difficulties of market players, especially small, medium-sized and micro enterprises and individual industrial and commercial households, are increasing. We should strive to help them tide over the difficulties. We will implement the policy of stabilizing posts in small enterprises and strengthen employment services for college graduates. Do a good job in spring farming and ensure the supply and price stability of agricultural materials. Ensure the stable supply of energy. Ensure the orderly operation of transportation trunk lines and ports, promote the smooth flow of international and Chinese logistics, and maintain the stability of industrial chain and supply chain. We should deepen reform and create a market-oriented, legal and international business environment. To formulate and implement policies, we should listen to the opinions of market subjects and stabilize market expectations. Promote the healthy and sustainable development of the platform economy. [details]
Beijing Business Daily: on April 9, the China Association of listed companies held the third member congress, and Yi Huiman, chairman of the CSRC, attended and delivered an important speech. At the meeting, Yi Huiman mentioned a number of hot issues, such as accelerating the implementation of new regulations on the supervision of overseas issuance and listing of enterprises, maintaining smooth overseas listing channels, steadily expanding the scope of Shanghai, Shenzhen and Hong Kong Standards, and studying and formulating a new round of action plans to improve the quality of listed companies. In addition, for listed companies, Yi Huiman also said that he supports listed companies to resolve risks through reorganization and reorganization, resolutely clear out “empty shell” and “zombie” enterprises, and will further guide listed companies to return investors with “real gold and silver”. [details]
Xinhua News Agency: building a national unified market is the basic support and internal requirement for building a new development pattern. The opinions of the CPC Central Committee and the State Council on accelerating the construction of a national unified market was released on the 10th. From an overall and strategic perspective, it provides a program of action for the construction of a unified national market in the coming period, strengthens the unification of basic market systems and rules, promotes the high standard connectivity of market facilities, creates a unified market of elements and resources, promotes the high-level unification of commodity and service markets, promotes the fair unification of market supervision, further standardizes improper market competition and market intervention, and speeds up the construction of efficient, standardized and fair competition The fully open national unified market will comprehensively promote the transformation of China’s market from large to strong, and provide strong support for the construction of a high-standard market system and a high-level socialist market economic system. [details]
macro economy
CBRC: the general office of the CBRC issued a notice on further strengthening financial support for the development of small and micro enterprises in 2022. The work objectives include: banking financial institutions generally continue to achieve the “two increases” target of inclusive small and micro enterprise loans with a single household credit of less than 10 million yuan, that is, the growth rate of such loans shall not be lower than the growth rate of various loans, and the number of households with loan balance shall not be lower than the level at the beginning of the year. We will increase the investment of credit loans and strive to continuously increase the proportion of credit loans in the loan balance of inclusive small and micro enterprises. Efforts have been made to increase the proportion of first loan households among small and micro enterprise loan households. Large banks and joint-stock banks have increased the number of first loan households of small and micro enterprise legal persons throughout the year, which is higher than that of the previous year. On the premise of ensuring the incremental expansion of credit supply, strive to achieve the overall realization of the interest rate of new inclusive small and micro enterprise loans issued by the banking industry in 2022, which is lower than that in 2021. [details]
Securities Daily: in April, infrastructure investment continued to make efforts, and a number of major projects were started in many places. According to incomplete statistics by the reporter of Securities Daily, from April 1 to April 8, 4385 major projects were started in Anhui Province, Heilongjiang Province, Henan Province, Inner Mongolia Autonomous Region and Gansu Province, with a total investment of 2084.4 billion yuan. [details]
China Securities News: Vice Minister of water resources Wei Shanzhong said that water conservancy projects have a good basis for planning and preliminary work, especially major water conservancy projects with large investment, long industrial chain and many job opportunities. They play an important role in ensuring national water security, promoting coordinated regional development, stimulating effective investment demand and promoting stable economic growth, Accelerating the construction of water conservancy infrastructure has demand, conditions and foundation. [details]
national development and Reform Commission: according to the monitoring of the national development and Reform Commission, the price ratio of pig grain has been continuously lower than 5:1 recently, which is within the level-1 early warning range of excessive decline determined in the plan for improving the regulation mechanism of government pork reserves and ensuring supply and price stability in the pork market. The development and Reform Commission and relevant parties will carry out the collection and storage of the fourth batch of central frozen pork reserves during the year, and it is planned to collect and store another 40000 tons of frozen pork in the near future. If the follow-up pig prices continue to operate at a low level, the state will continue to carry out the collection and storage work, guide local governments to pay close attention to the collection and storage, and promote the return of pig prices to a reasonable range as soon as possible. According to the analysis of relevant parties, China’s pig production capacity has decreased steadily and is generally reasonable recently. The price has been running low for a long time, and there is little possibility of further sharp decline. It is suggested that farms (households) reasonably arrange production and operation decisions to maintain the normal slaughter rhythm of pigs with appropriate weight and stable production capacity of fertile sows. [details]
industry trends
China Securities News: there are only 21 days left before the electronic cigarette “takes off the sugar coating”. On March 11, 2022, the State Tobacco Monopoly Administration issued the measures for the administration of electronic cigarettes, which proposed that from May 1 this year, the sale of flavored electronic cigarettes other than tobacco flavor and electronic cigarettes that can add atomization by themselves will be completely prohibited. This means that e-cigarettes will officially “break the sweetness” and flavored e-cigarettes will soon withdraw from the market. Recently, a reporter from China Securities Journal visited a number of e-cigarette brand stores and found that at present, some popular flavor cigarette bombs offline have been sold out. [details]
China Economic Weekly: on April 8, Maotai e-commerce “I Maotai” published the report card of one week of online: a total of more than 16.64 million people, 45.41 million people participated in the reservation application, and more than 170000 people succeeded in the reservation application, of which Maotai in the year of the tiger became the product with the highest winning rate. “Harder than new shares!” “It’s the same routine as fried shoes!” On social platforms, netizens can make complaints about their Tucao.
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China Central Television finance and Economics: recently, the prices of graphics cards in the market have plunged in a large area, ending the price surge mode of more than two years. The reporter recently visited Shenzhen Huaqiang Industry Co.Ltd(000062) north market. In Shenzhen Huaqiang Industry Co.Ltd(000062) north, known as “China’s first electronic street”, many stalls are equipped with popular models of graphics card packaging boxes. Merchants told reporters that the prices of graphics cards of various brands have fallen sharply, and the current prices are at a low level in recent two years. [details]
21 finance and Economics: in the afternoon of april 9, Tencent video announced that it would adjust the prices of Tencent video VIP and super film and television VIP at 0:00 on April 20. Among the 12 member types of the two types of members, the prices of five member types, such as Tencent video VIP monthly card and multiple package prices of super film and television VIP, remained unchanged, and the remaining seven types increased by 5 to 20 yuan. [details]
stock market focus
Securities Times: 3 month saw large fluctuations in the market as a whole, and the three major A-share indexes all closed down by more than 6%. In terms of Shenwan industry, only five sectors such as coal and real estate recorded an increase in the whole month, with electronics, non-ferrous metals and household appliances leading the decline. Securities companies are generally optimistic about the market expectation in April, and the mainstream focuses on two main lines: performance certainty and steady growth. At the same time, the agency also reminded that the risk disturbance outside the market is still in progress, and the reversal of China’s trend still needs to wait for a signal. [details]
Shanghai Securities News: since the beginning of this year, 43 listed companies have issued the announcement of extending the lock period of “their own people” such as actual controllers and senior executives, which is nearly double that of the same period last year. In the view of investment bankers, actual controllers and other “family members” took the initiative to extend the lock-in period, mainly because they were continuously optimistic about the future development of the company and believed that the follow-up share price could be expected. Of course, there are also situations where the stock price triggers the extension of lock-in period conditions. [details]
financial Associated Press: value stocks and growth stocks continued to show differentiation trend last week. The share price of China Shenhua Energy Company Limited(601088) among the former has reached a new high since 2009, and China State Construction Engineering Corporation Limited(601668) has also reached a new high since 2019. In addition, the undervalued “steady growth” sector represented by steel and construction machinery also had a stronger performance than the market last week Soochow Securities Co.Ltd(601555) issued a strategy report this month, pointing out that due to factors such as the turmoil in the overseas situation, the market fell as a whole, and the income of public funds underperformed the market. Generally speaking, in the period of decline and shock consolidation after the sharp rise of the market, the high dividend strategy gives full play to the characteristics of “umbrella”, and the excess return is obvious. The excess return in March was 15%, leading all strategy combinations. Especially in the first half of March, under the “internal worries” of economic growth and the “external aggression” of the peripheral situation, the market fell rapidly in the short term, and the high dividend strategy became the “ballast” during the period of market fluctuation. [details]
Shanghai Securities News: star fund managers’ position adjustment path in the first quarter is gradually emerging. In the shock adjustment of the market, Fu Pengbo, Zhu Shaoxing, Zhao Feng, Xie Zhiyu and other well-known 10 billion fund managers have taken action. On the whole, the targets favored by star fund managers have certain commonalities: first, they have been heavily held before, and second, their performance last year was relatively bright. [details]
subscription of new shares: Fengyi technology, JieChuang intelligence and osheng electric
new bond subscription: Yuxing convertible bonds
IPO: Guanlong energy saving
new bond listing: Shenhao convertible bond
corporate news
China Wafer Level Csp Co.Ltd(603005) : net profit in 2021 increased by 50.95% year-on-year, and it is proposed to send 10 gifts, 3 transfers and 3 distributions of 2.83 yuan
Jiangsu Shagang Co.Ltd(002075) : net profit in 2021 increased by 71.25% year-on-year, and it is proposed to pay 0.8 yuan for 10
Three’S Company Media Group Co.Ltd(605168) : net profit in 2021 increased by 39.18% year-on-year, and it is proposed to transfer 10 to 4.5 to 30 yuan
Bear Electric Appliance Co.Ltd(002959) : net profit in 2021 decreased by 33.81% year-on-year, and it is proposed to pay RMB 10.6
Jiangsu Jiejie Microelectronics Co.Ltd(300623) : net profit in 2021 increased by 75.34% year on year
Shandong Shida Shenghua Chemical Group Company Limite(603026) : first quarter net profit increased by 91.86% to 103.5% year on year
Wuxi Apptec Co.Ltd(603259) : first quarter net profit increased by 9.54% year-on-year
Telling Telecommunication Holding Co.Ltd(000829) : China Huajian plans to reduce its shares by no more than 4%
Nanjing Chixia Development Co.Ltd(600533) : Nanjing Gaoke Company Limited(600064) proposed reduction of no more than 1.9%
Jinghua Pharmaceutical Group Co.Ltd(002349) : the controlling shareholder intends to reduce its shares by no more than 2%
Gansu Jingyuan Coal Industry And Electricity Power Co.Ltd(000552) : intends to acquire 100% equity of Yaomei group, and the trading of shares is suspended
Henan Yuneng Holdings Co.Ltd(001896) : it is planned to invest 3.762 billion yuan to build the county’s roof distributed photovoltaic project and establish a company
Wanhua Chemical Group Co.Ltd(600309) : it is proposed to invest 23.1 billion yuan to build Penglai Industrial Park high performance new material integration project
Jinzi Ham Co.Ltd(002515) : suspected of violation of laws and regulations by the CSRC
data list
Shanghai and Shenzhen Stock Markets: in the morning, the three major indexes opened slightly higher, fluctuated lower, then bottomed out and rebounded. In the afternoon, the index maintained a volatile trend, and insurance, securities, banking and other sectors strengthened. As of the close, the Shanghai index rose 0.47%, the Shenzhen composite index fell 0.11% and the gem index fell 0.33%. On the disk, the construction machinery, construction and real estate sectors led the increase; Culture, education and leisure, Internet, media and entertainment led the decline.
Hong Kong stocks: Hong Kong stocks rebounded in the afternoon. Hong Kong Hang Seng Index rose 0.29% and Hang Seng technology index fell 1.15%. Technology stocks led the decline, with BiliBili down more than 7%. Energy and real estate stocks rose, with Yuzhou group up more than 17%, R & F real estate up more than 5%, and China Coal Energy Company Limited(601898) up nearly 4%.
Shanghai Shenzhen Hong Kong stock connect: april 8, northbound funds sold a net of 627 million yuan throughout the day, of which, Shanghai Stock connect bought a net 1.063 billion yuan and Shenzhen Stock connect sold a net 1.691 billion yuan. Among the top ten traded stocks, Kweichow Moutai Co.Ltd(600519) , Sungrow Power Supply Co.Ltd(300274) , Ping An Bank Co.Ltd(000001) net purchases ranked among the top three, with net purchases of RMB 626 million, RMB 278 million and RMB 242 million respectively. The first three stocks sold were Jiangsu Hengrui Medicine Co.Ltd(600276) Ganfeng Lithium Co.Ltd(002460) Byd Company Limited(002594) .
dragon and tiger list: on April 8, the largest net capital inflow was China Wuyi Co.Ltd(000797) , which was 128 million yuan. Data show that the stock closed within the daily limit, with a turnover rate of 17.23% throughout the day. Since the limit rise on March 30, China Wuyi Co.Ltd(000797) recorded six consecutive boards, with a cumulative increase of 77.02%. The net inflow of funds into Guosheng securities Ningbo Sangtian Road, which ranks first, net purchases of 676935 million yuan. A total of 28 shares were involved in the institutional participation in the dragon and tiger list, of which 19 shares were net bought by the institution, and Hubei Radio & Television Information Network Co.Ltd(000665) was the most bought, amounting to 929414 million yuan. In addition, 9 shares were net sold by institutions, and tynkon was sold the most, amounting to 423098 million yuan.
margin trading : as of April 7, the balance of Shanghai and Shenzhen stock markets was 1662036 billion yuan, a decrease of 4.924 billion yuan compared with the previous trading day. Among them, the financing balance was 157402 billion yuan, a decrease of 3.904 billion yuan compared with the previous trading day; The balance of securities lending was RMB 893.4 billion, down from the previous day.
Shibor: Shibor reported 1.7510% overnight, down 7.4 basis points; Seven days Shibor reported 1.9850%, down 6.6 basis points; Three month Shibor reported 2.3630%, up 0.3 basis points
foreign exchange
On April 8, the central parity rate of RMB was reported at 6.3653, up 6 points, and the central parity rate of the previous trading day was reported at 6.3659 The onshore RMB closed at 6.3637 against the US dollar at 16:30 on April 8, down 3 points from the previous trading day
property market observation
Shanghai Securities News: on April 8, the official website of Hangzhou planning and natural resources bureau released the “Hangzhou 2022 state owned construction land supply plan”, specifying the priority arrangement for rental housing land and common property right housing land. According to the document, in 2022, the total planned supply of state-owned construction land in Hangzhou is 481597 hectares, including 1103 hectares of residential land, including 54.4 hectares of residential land with total property rights. [details]
daily economic news: last Saturday, the first batch of centralized local auction in Chengdu ended, with a total turnover of about 39.3 billion yuan. According to the reporter’s incomplete statistics, so far, nine cities including Beijing, Xiamen, Chongqing, Wuhan, Fuzhou and Qingdao have completed the first batch of centralized land supply in 2022. Compared with the same period in previous years, the scale of centralized land supply in this batch has decreased significantly, but the land quality is generally high. At the same time, the relaxation of local auction rules in many places also leaves a reasonable profit space for real estate enterprises. [details]
International Information
daily economic news: musk said on April 8, “the price of lithium has risen to a crazy level, and Tesla may have to directly carry out large-scale mining and refining business unless the cost pressure is relieved.” According to the statistics of benchmark mineral intelligence, a professional information provider in the electric vehicle industry, the price of lithium has soared 490% in the past year. At a time when Tesla is fully expanding its production capacity, the soaring lithium price has become a “roadblock”, and Tesla may end up mining in person. [details]
interface news: FAO said on Friday that global food prices hit a record high in March due to the impact of the war in Ukraine on the food and vegetable oil market. The FAO food price index averaged 159.3 points in March and 141.4 points in February. The index tracks the world’s most traded food commodities. The index was 140.7 in early February and also hit a record high at that time. [details]
Xinhua News Agency announced that the real estate market in Canada will not be overheated for foreigners in the next two years. Canada’s deputy prime minister and Minister of Finance Christia Freeland announced this year’s federal budget on the same day, focusing on problems such as tight housing supply, insufficient housing stock and soaring house prices. [details]
futures market
China Futures: China commodity futures closed with mixed gains and losses, with ferrosilicon up more than 4%, palm oil and soybean oil up more than 1%, iron ore and Shanghai copper up slightly; Asphalt and crude oil fell by more than 3%, jujube and liquefied fuel gas fell by more than 2%, rebar and Shanghai aluminum fell by more than 1%, and corn and hot coil fell slightly.
International Futures: wti crude oil futures closed up 2.32% to US $98.26/barrel, down 1% this week; Brent crude oil futures closed up 2.19% to $102.78 a barrel, down 1.54% this week. COMEX June gold futures closed up 0.4% to $194560 an ounce, up 1.38% this week
overseas index
US stock market : Dow Jones index closed up 0.4% to 3472112 points; The NASDAQ index fell 1.34% to 1371100; The S & P 500 index fell 0.27% to 448828. The three major stock indexes closed down this week. The NASDAQ and S & P 500 index ended their three consecutive weeks of gains and fell 1.3% this week; The Dow Jones index fell 0.3% this week and the NASDAQ index fell 3.9% this week.
European stock market: London stock market, the financial times 100 stock average price index 8 daily closed at 766956 points, up 117.75 points or 1.56% over the previous trading day; France Paris Stock Market CAC40 index closed at 654822 points, up 86.54 points or 1.34% from the previous trading day; Germany’s Frankfurt stock market DAX index closed at 1428367, up 205.52 points or 1.46% from the previous trading day.
Asia Pacific Stock Market: Nikkei 225 index closed up 0.36% to 2698580 points. South Korea’s Kospi index closed up 4.53 points, or 0.17%, at 270039 on Friday, April 8.
