April 13th (Wednesday), the main contents of today’s headlines are:
China Securities Journal
Since this year, more than 200 listed companies have issued announcements to buy back and increase their holdings, boosting confidence and releasing positive signals of “real gold and silver”
The heat of repurchase and holdings increase in the A-share market remains unchanged. On the evening of April 12, Ginwa Enterprise (Group) Inc(600080) , Sanan Optoelectronics Co.Ltd(600703) and other companies issued announcements on increasing their holdings or repurchase. According to choice data, since this year, more than 200 listed companies have issued announcements on repurchase and shareholding increase plans. “Bond issuance” repo and over raised fund repo have become new features of repo since this year.
The charm of RMB assets remains unchanged after the net inflow of funds from the north is restored
On April 12, the capital in the north direction of the A-share market returned rapidly, with a net inflow of 9.137 billion yuan throughout the day, a new high since April. Statistics show that since April, northbound funds have recovered a net inflow of 2.078 billion yuan. In addition, according to the Shanghai headquarters of the people’s Bank of China, nine foreign institutional entities entered the inter-bank bond market in March, and a total of 1034 foreign institutional entities entered the market by the end of March.
“Early approval” is expected to be completed by the end of May, and the special bonds for expanding investment and stabilizing growth will be issued and used early
On April 12, a number of heads of relevant departments of the Ministry of Finance said at the regular policy briefing of the State Council that on the basis of issuing 1.46 trillion yuan of new special bonds in 2022 in advance in December last year, the Ministry of Finance issued the remaining new special bonds in 2022 to all localities on March 30. The Ministry of finance will continue to strengthen its guidance to local governments to ensure that the issuance of special bond quotas issued this year will be completed by the end of September. In 2022, on the basis of continuing to be used in nine fields, the use scope of special bonds has been reasonably expanded from three aspects.
Nearly 180 billion yuan of funds “through” ETF admission
In April, the Shanghai and Shenzhen stock markets fluctuated and adjusted, and some funds entered the market through ETF, showing a trend of “buying more and buying more against the market and bottoming out against the market”. According to statistics, since this year, the total share of ETF has increased by nearly 180 billion. The share of ETF in semiconductor, finance, real estate, infrastructure and other industries has increased significantly. The recently adjusted science and innovation ETF has also been favored by some funds
Shanghai Securities News
Innovative tools of Shanghai and Shenzhen Stock Exchange to optimize the financing environment of private enterprises
On April 12, the Shanghai and Shenzhen stock exchange held a “Symposium on credit protection tools to support bond financing of private enterprises”. Representatives of relevant business lines of China Securities Regulatory Commission, China Clearing, securities and Gold Corporation and 13 securities companies participated in the video conference. This meeting is an important measure to thoroughly implement the decision-making and deployment of the CPC Central Committee and the State Council and the work requirements of the CSRC on “improving the bond financing support mechanism of private enterprises and enhancing the quality and efficiency of serving the development of private economy”.
Policy warm wind blows frequently, and various “long money” gathering helps the steady operation of the market
The “notice on further supporting the healthy development of listed companies” (i.e. “12 articles on supporting the development of listed companies”, hereinafter referred to as “12 articles”) jointly issued by the CSRC, the SASAC and the all China Federation of industry and Commerce has made it clear to improve the institutional mechanisms conducive to the participation of long-term institutional investors in the capital market, and encourage and support social security, pension, trust, insurance and financial institutions to allocate more funds to equity assets, Increase capital market investment, especially stock investment of high-quality listed companies. In the view of many insiders, long-term funds are the ballast of the capital market. Recent policies frequently guide long-term institutional investors to play a greater role in the capital market, which helps to promote the steady operation of the market. Considering from policy, fundamentals, valuation and other dimensions, the current allocation of high-quality equity assets has become the consensus of mainstream institutions.
Ministry of Finance: the amount of special bonds for project construction has been issued
Vice Minister of Finance Xu Hongcai introduced the situation of accelerating the issuance and use of government bonds at the regular policy briefing of the State Council on the 12th. From the current situation, it is expected to complete the issuance of special bonds issued in advance last year by the end of May. At the same time, the Ministry of finance will continue to strengthen its guidance to local governments to ensure that the issuance of special bond quotas issued this year will be completed by the end of September.
Over raising and issuance of bonds injected fresh water into repurchase. This year, A-share repurchase and overweight showed a new atmosphere
On April 11, the CSRC, SASAC and the all China Federation of industry and Commerce jointly issued a notice on further supporting the healthy development of listed companies, proposing 12 practical measures to support the development of listed companies and maintain the stability of the capital market. It is mentioned that listed companies are supported by law to raise funds through issuing preferred shares, bonds and other channels to implement share repurchase, encourage major shareholders and directors, supervisors and senior executives to hold shares of listed companies for a long time, and actively stabilize the stock price by increasing their holdings of shares when the company’s shares fall sharply
Securities Times
The progress of new special bonds is fast, the project is sufficient, and the scope of use is continuously optimized
According to the relevant person in charge of the Ministry of finance, at present, the Ministry of finance has issued most of the new special bonds, approved the quota in advance, and issued the remaining quota at the end of March. This year, the issuance and use of special bonds started early, moved quickly, and the project reserve is sufficient. In order to meet the time limit requirements for issuance, the Ministry of finance has accelerated the progress of fund allocation and use, and will coordinate the issuance of treasury bonds. In addition to continuing to focus on the nine major areas, this year’s special bonds will also expand the scope of use, support projects to increase stamina and improve the level, and promote the construction of short board and strong and weak projects.
It is more important for securities companies to return to the new era
Under the frequent breaking of new shares, close your eyes and lie down to earn money. Some securities companies “rarely” advised investors to give up the subscription of new shares. On April 12, three new shares of reed intelligence, Haichuang pharmaceutical and Weijie Chuangxin were listed, and there was a collective break at the opening. As of the closing, Weijie Chuangxin and Haichuang pharmaceutical both fell sharply compared with the issue price. Among them, Weijie Chuangxin, with an issue price of 66.6 yuan, is the largest decline in the breaking of new shares this year, reaching 36.04%. Investors lost more than 10000 yuan in the first lot, which is an investment pain of “winning the lot like winning the knife”.
CITIC’s “face” investment promotion and encouragement, who will Maotai eventually “fail”?
Recently, Citic Securities Company Limited(600030) released a research report entitled Kweichow Moutai Co.Ltd(600519) : change in adversity and indolence in prosperity. The report rated Maotai as buy and gave a target price of 2246 yuan. In February last year, Citic Securities Company Limited(600030) also gave Maotai a target price of 3000 yuan in the report Kweichow Moutai Co.Ltd(600519) : three trillion from scratch, Changpo thick snow and spring breeze. In a little more than a year, Citic Securities Company Limited(600030) has adjusted the target price of Maotai from 3000 yuan to less than 2300 yuan.
Shentianma joined hands with several companies in Xiamen to invest 33 billion to build an 8.6 generation LCD production line
Following the lighting of tm18 OLED production line at the beginning of the year, Tianma Microelectronics Co.Ltd(000050) announced on the evening of April 12 that it would invest 33 billion yuan to build an 8.6-generation a-Si and igzo LCD panel line, with vehicle mounted, it display (including flat panel, laptop, display, etc.) and industrial products as the target product market.
Securities Daily
International investors have great room to allocate RMB assets and are optimistic about the medium and long-term performance of China’s stock market
On the evening of April 11, the CSRC, SASAC and the all China Federation of industry and Commerce jointly issued 12 measures to support the development of listed companies to maintain the stability of the capital market. The foreign-funded institutions interviewed said that the policy support has boosted market confidence, superimposed the further clarity of the follow-up policy direction and the implementation of support measures, and are optimistic about the medium and long-term performance of China’s stock market, while they are still optimistic about RMB assets in the medium and long term.
The off-season of photovoltaic industry in the first quarter is not light, and the prosperity of leading companies in expanding production can still be in a good period
Since the beginning of this year, China’s photovoltaic installation demand has improved and its export has increased rapidly. According to the data released by the national energy administration, the installed capacity of power generation in China from January to February was about 2.39 billion kw, a year-on-year increase of 7.8%.
During his inspection in Jiangxi, Li Keqiang stressed accelerating the implementation progress of established policies and measures, stabilizing the macro-economic market and ensuring people’s livelihood
From April 11 to 12, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, inspected Nanchang and Shangrao, accompanied by Yi Lianhong, Secretary of Jiangxi provincial Party committee and ye Jianchun, governor of Jiangxi Province. He stressed that we should take the Xi Jinping new era socialism with Chinese characteristics as the guidance, implement the deployment of the CPC Central Committee and the State Council, accelerate the implementation of policies and measures such as helping enterprises to relieve poverty, promote reform and opening up, effectively respond to unexpected changes in China’s external environment, stabilize employment and prices, stabilize the macro-economic market, keep the economic operation within a reasonable range and effectively protect people’s livelihood.
In March, China’s automobile production and sales fell, and the price of new energy double points may fall sharply
Affected by multiple factors such as the epidemic, the good development momentum of China’s automobile industry since this year was blocked in March. On April 11, the China Automobile Industry Association released the relevant automobile data of China in March and the first quarter. According to the data, in March this year, the automobile production and sales data were 2.241 million and 2.234 million respectively, down 9.1% and 11.7% year-on-year
people’s daily
This year, it is estimated that the tax rebate and tax reduction will be about 2.5 trillion yuan. The tax reduction and fee reduction efforts are strong, and the market players are full of vitality
Data show that last year, the country added about 1.1 trillion yuan in tax cuts and fees, reducing the burden on market players and strongly supporting the sustained and stable recovery of the national economy. This year, the new combined tax support policy came as scheduled. It is estimated that the annual tax rebate and tax reduction is about 2.5 trillion yuan, of which the value-added tax rebate is about 1.5 trillion yuan, and the tax rebate funds go directly to enterprises. These measures will further stimulate the vitality of hundreds of millions of market players and enhance the resilience of the real economy
21st Century Business Herald
The new policy of stabilizing the property market in multiple places is beneficial to reasonable demand: the “five limits” have been adjusted successively, and the “red line” is still in place
The “five limits” of real estate refers to the purchase, loan, sale, price and business restrictions, which is the most restrictive house purchase policy in China at present. The superposition of the “five limits” is also considered to be an important symbol of the last round of real estate market regulation. Analysts believe that the adjustment of the “five limits” policy reflects a subtle shift in demand from inhibition to support. But at the same time, in order to prevent the market from overheating, the policy “red line” still exists.
How to set up financial risk prevention and resolution leading groups in many places?
According to the reporter, in the past year, several local leading group meetings on financial risk prevention and resolution have been held, which means that the above-mentioned mechanism is being established locally. The mechanism has the following characteristics: not only provincial governments, but also municipal and county governments need to be established. From the perspective of personnel composition, the group implements the “double team leader system”, with the party secretary and executive head as the team leader, and the leading group shows the characteristics of high allocation. In addition, preventing and resolving the risk of local government debt is the focus of the mechanism
first finance
Economic big data of provincial capital cities: GDP of 11 cities exceeded 10 trillion, ranking first over 30%
Provincial capital cities are an important part of China’s urbanization system and the main direction of population inflow in the process of urbanization. At present, the economic data of provincial capital cities in 2021 have been announced. There are 11 provincial capital cities whose GDP has exceeded the trillion yuan mark. In addition, 10 provincial capital cities have more than 30% economic primacy.
What are the commonalities of thousands of stocks rising against the trend? 70% have performance support and pay attention to “dilemma reversal”
In the weak A-share market since this year, there are still some listed companies whose share prices are relatively resistant to decline or even rise against the trend. What are the characteristics of these companies? According to the statistics of the first finance and economics reporter, as of April 12, 1039 individual stocks have risen (including zero rise) this year. According to the disclosed annual report data, the better performance has provided some support for the stock price performance
economic reference
A new round of adjustment of the catalogue of essential drugs is imminent, and the reimbursement proportion of drugs in the catalogue of basic drugs is significantly higher than that of non essential drugs
In 2022, the national essential drugs catalogue will meet the new adjustment cycle, which is also the first adjustment after the catalogue defines the frequency of triennial adjustment. The national catalogue of essential drugs is a catalogue of basic drugs that meet the needs of basic medical and health care, are reasonably priced and are fairly available to the public. It is a basic catalogue to ensure the basic medical needs of the people, with more emphasis on accessibility. In the catalogue of basic drugs, the reimbursement proportion of drugs is significantly higher than that of non essential drugs, which can effectively guide the masses to use essential drugs first.
Industrial capital enters frequently, long-term capital intensive layout, multi-channel capital accelerates the entry, and stabilizes the confidence of a shares
Recently, the CSRC, SASAC and the all China Federation of industry and Commerce jointly issued a notice on further supporting the healthy development of listed companies, taking many measures to support the development of listed companies and maintain the stability of the capital market. Since the beginning of this year, multi-channel funds, including industrial capital and institutional investors, have also taken active actions, with frequent repurchase and increase of holdings. Insiders said that the multiple measures for the capital market issued by the three ministries and commissions have effectively stabilized market confidence from creating a good development environment, stabilizing enterprise expectations, enhancing value return and stabilizing investor expectations. It is expected that the steady growth policy will continue to work in the future, and the valuation advantage of the A-share market will appear day by day.
