From April 6 to April 8, the total net outflow of funds from Beishang was 6.557 billion yuan. The net outflow of Shanghai Stock connect was 808 million yuan and that of Shenzhen Stock connect was 5.749 billion yuan. The previous period saw a net inflow of 22.902 billion yuan. Among them, the net inflow of banks, power equipment and building decoration ranked first, with an inflow of 2.98 billion yuan, 1.66 billion yuan and 332 million yuan respectively; There was a large net outflow of medicine, biology, transportation and electronics, with an outflow of 2.052 billion yuan, 1.495 billion yuan and 1.287 billion yuan respectively. On April 8, half of the top 20 heavyweight shares were increased, of which Sungrow Power Supply Co.Ltd(300274) , Ping An Bank Co.Ltd(000001) and Shenzhen Inovance Technology Co.Ltd(300124) increased their holdings by 0.45%, 0.16% and 0.15% respectively China Tourism Group Duty Free Corporation Limited(601888) , Longi Green Energy Technology Co.Ltd(601012) and China stock market news reduced their holdings by 0.14%, 0.13% and 0.08% respectively.
Chinese Funds: this week, the two financing showed a downward trend. The balance of the two financing on April 7 was 1662031 billion yuan, a decrease of 10.79 billion yuan compared with March 31. Compared with last week, as of April 8, the balance of two financial institutions in more than half of the industries rebounded. Among them, real estate, commercial retail and food and beverage rebounded more, rising 946 million yuan, 475 million yuan and 361 million yuan respectively; Banking, electronics and pharmaceutical biology fell more, down 1.316 billion yuan, 586 million yuan and 557 million yuan respectively. Combined with the funds for going north, domestic and foreign investment is consistent in medicine, biology, transportation and electronics; There are great differences in the allocation of banks, power equipment and utilities. Compared with last week, the fund shares of gem 50ETF increased by 110 million, and the fund shares of SSE 50ETF, CSI 300etf and CSI 500etff decreased by 85.5 million, 104.4 million and 11.6 million respectively.
Macro interest rate: this week, the central bank carried out a total of 30 billion yuan of reverse repo for seven days, and the interest rate was the same as before. After the expiration of 610 billion yuan of reverse repo, the central bank net tightened liquidity by 580 billion yuan in this period. As of April 8, the overnight Shibor increased by 14.700 BP to 1.7510% compared with the previous period, and the seven-day Shibor decreased by 3.200 BP to 1.9850%, tightening inter-bank liquidity. The yield of one-year treasury bonds decreased by 3.83 BP to 2.0669%, the yield of three-year treasury bonds decreased by 2.66 BP to 2.3541%, the yield of 10-year Treasury bonds decreased by 2.14 BP to 2.7529%, and the risk-free interest rate decreased. On April 8, the credit spread between three-year AAA / AA + / AA corporate bonds and government bonds in the same period decreased by 9.06 BP to 0.64%, 9.06 BP to 0.82% and 11.06 BP to 1.10% respectively compared with April 1; Compared with April 1, the credit spread between one-year AAA / AA + / AA corporate bonds and government bonds in the same period decreased by 4.89 BP to 0.49%, 5.89 BP to 0.61% and 4.89 BP to 0.78% respectively. Credit spreads were all reduced.
Risk warning: repeated outbreaks outside China; Monetary policy exceeded expectations
