daily collection
brokerage China: on July 7, the CSRC issued more than 20 rules at one go, involving on-site inspection of listed companies, rules for independent directors, board transfer system, suspension and resumption system, etc. the above rules are combined with the needs of regulatory practice. The CSRC organized the integration of regulatory laws and regulations system, promoted the improvement of basic systems, and formed a scientific style, clear hierarchy Measures to standardize a reasonable and coordinated regulatory system.
financial Associated Press: the CSRC solicited public opinions on the guidelines on the content and format of prospectus of companies engaged in drug and medical device business, required to avoid using general and template expressions, and required the issuer to disclose specific risk factors in combination with industry characteristics and its own business, such as uncertain entry of products into the national medical insurance catalogue The products are included in the key drug monitoring catalogue, etc. If the issuer has not made profits or has accumulated outstanding losses, it shall disclose the relevant risks in combination with the company’s core product R & D progress, product market space, liquidity arrangement, etc.
Securities Times: the general office of the State Council issued the work plan for promoting the development of multimodal transport, optimizing and adjusting the transport structure (2021-2025), which proposed to promote the “public transfer of bulk materials from railway to water”. In the key areas of transportation structure adjustment, strengthen the integration of port resources, encourage industrial and mining enterprises and grain enterprises to “convert scattered goods into centralized goods”. Railway and waterway transportation are mainly used for medium and long-distance transportation, and closed belt corridor or new energy vehicles and ships are preferred for short-distance transportation. Explore and promote the coordinated transportation mode of public, hot metal and bulk solid waste. We will carry out in-depth treatment of over limit and overload of highway freight vehicles.
interface news: the central bank solicited public opinions on the notice of the people’s Bank of China on supporting cross-border RMB settlement of new foreign trade formats (Exposure Draft). First, expand the business scope of Payment institutions from goods trade and service trade to current account. On the basis of the “three principles of exhibition”, the notice clearly allows banks and Payment institutions to cooperate to provide current account cross-border RMB settlement services for cross-border e-commerce and other new foreign trade market participants and individual cross-border transactions, and encourages banks and Payment institutions to provide efficient and convenient cross-border RMB collection and payment services for new foreign trade market participants, Support overseas migrant workers to handle salary remittance and other businesses through payment institutions. Second, clarify the business development and filing requirements of banks, Payment institutions and other relevant business entities. Third, clarify the requirements for business authenticity audit, three anti and data submission, compact the exhibition responsibilities of banks and Payment institutions, and prevent and control business risks.
macroeconomic
first finance and Economics: according to the central bank, China’s foreign exchange reserves at the end of December were US $3.2502 trillion and China’s gold reserves at the end of December were 62.64 million ounces, the same as last month.
Shanghai Securities News: on the evening of January 6, it was reported that at present, the bank has informed some large high-quality real estate enterprises that the relevant M & A loans will no longer be included in the relevant indicators of the “three red lines” for the debt bearing acquisition of the projects of the insured enterprises. Subsequently, a number of real estate enterprises confirmed to reporters that the news was true.
Shanghai Securities News: on January 8, the Party committee of Shanghai economic informatization and the municipal economic informatization Committee held a meeting to plan the industry and informatization work in 2022. The meeting stressed the need to focus on track layout, advantage development, enterprise education and industrial growth, solve problems, take practical measures, formulate “one track and one scheme”, hold the “bull nose” of super application scenarios, and cultivate, expand and develop new momentum.
China Securities Journal: the Henan Provincial Department of Finance disclosed on January 7 that it would issue special bonds of Henan provincial government in 2022 (phase I to phase IX) through bidding on January 13, opening the prelude to the issuance of local bonds in 2022. Experts predict that the issuance scale of new special bonds in 2022 is expected to remain the same as last year (about 3.65 trillion yuan) or increase slightly, which will strongly support the recovery of infrastructure investment growth.
industry dynamics
Shanghai Securities News: since December 27, 2021, the quotation of lithium carbonate has increased rapidly. After a one-day rise of 10000 yuan / ton on January 5, the quotation of battery grade lithium carbonate rose again on January 6, reaching the price of 292000 yuan / ton to 300000 yuan / ton. The average price of 296000 yuan / ton increased by 8000 yuan compared with the previous day, an increase of 6.47% compared with the beginning of the year. What is the tension between lithium carbonate supply and demand? How long will the price increase last? What price will it rise to? The common view in the industry is that the relationship between supply and demand cannot be balanced in the short term, and the price rise may continue until the middle of the year.
China Securities Journal: at the end of 2021, liquor enterprises such as Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) , Shede Spirits Co.Ltd(600702) successively announced price increases for core large single products. However, the share prices of these wine enterprises have fallen recently. At the beginning of 2022, Kweichow Moutai Co.Ltd(600519) shares fell below the 2000 yuan mark and closed at 1942 yuan / share as of January 7. Wuliangye Yibin Co.Ltd(000858) , Luzhou Laojiao Co.Ltd(000568) and other stock prices also fell. Recently, cigarette and liquor vendor and Baijiu store in Chengdu were visited by reporters. After a round of price increase at the end of 2021, the terminal price of ordinary Wuliangye Yibin Co.Ltd(000858) and national cellar 1573 has been stabilized by more than 1000 yuan, but there is still a certain gap between the five and 1573 of the national cellar 1573.
China Central Television finance and Economics: recently, a number of traditional Chinese medicine companies have issued the news of raising the price of their proprietary Chinese medicine products to customers, involving a variety of classic drugs such as Angong Niuhuang Pill and Huoxiang Zhengqi oral liquid. In a Beijing Tongrentang Co.Ltd(600085) drugstore in Dongcheng District, Beijing, the reporter saw that the price of Angong Niuhuang Pill was increased from more than a month ago. The price of each pill was increased from 780 yuan to 860 yuan, with a price increase of about 10%. However, the clerk said that at present, there is a promotion. If you buy 12 pills at one time, the price will be basically the same as before the price rise. Insiders told reporters that the cost of raw materials of Chinese patent medicines accounted for about 30-40%. Taking Angong Niuhuang Pill as an example, the prices of all 11 components of Chinese herbal medicines rose in 2021, with an increase of 20% to 50%.
stock market focus
financial Associated Press: driven by the hot demand for downstream photovoltaic adhesive film, its main raw material EVA resin has become a pastry in the photovoltaic industry chain, and the product supply is in short supply. Recently, China’s two EVA leaders Levima Advanced Materials Corporation(003022) (003022. SZ) and Jiangsu Eastern Shenghong Co.Ltd(000301) (000301. SZ) released performance forecasts at the same time, and the company’s performance has increased significantly.
The relevant principals of the above companies told the financial associated press that under the rapid growth of downstream demand, the company’s photovoltaic EVA resin is in short supply, the products are full production and full sales, and the product price has been at a high level, driving the company’s profitability to increase significantly.
Securities Times: statistics show that there were 19 industries with month on month increase in capital holdings and 12 industries with month on month decrease last week. The shareholding of the comprehensive industry increased the most month on month, with a week on week increase of 7.39%, followed by steel, architectural decoration and real estate, with a month on month increase of 6.72%, 6.67% and 5.97% respectively. A total of 31 shares were increased by northbound funds for seven consecutive weeks. In terms of the number of shares increased, China State Construction Engineering Corporation Limited(601668) , China United Network Communications Limited(600050) , China Jushi Co.Ltd(600176) China Jushi Co.Ltd(600176) : 600176 18.35 2.74% + the largest increase in northbound funds selected by them, 418 million shares, 198 million shares and 94 million shares respectively. Continuous overweight stocks are mainly in power equipment, medicine, biology and electronics industries.
China Fund News: at the end of last year’s performance and actively preparing for the “new season” of 2022, public funds have intensively released their investment strategy for 2022 in the near future. Mainstream public offering institutions believe that the new year’s market may bid farewell to the extreme interpretation of last year’s style, and the market trend will be more balanced in the future, In the new year, we are mainly optimistic about three investment directions: first, we will continue to be optimistic about high-profile directions such as new energy and photovoltaic, and second, we will pay close attention to the changes in undervalued sectors such as banks, real estate and Hong Kong stocks; Third, we favor investment opportunities in consumption, medicine, tax exemption and other sectors.
China Securities Journal: in the first week of the new year, the decline of A-Shares was mainly concentrated in new energy, CXO medicine, medical treatment and chip sectors. “Success is nothing but failure”. The performance of the new energy sector at the beginning of the year eclipsed the “champion” fund in 2021. The data show that as of January 8, the arithmetic average of the decline of 56 active partial equity funds with the words of new energy was 7.35%, with a median decline of 7.93%. Fund managers generally believe that the new energy sector is far from the ceiling, and the decline of subsidies is not the core issue. The sharp decline after the year is indeed beyond expectations. It is expected that the market will cool down in the follow-up investment in new energy. However, the fund manager reminded that under the condition that the long-term trend of the new energy industry remains unchanged, the adjustment also gives a better layout time point for professional investment.
financial Associated Press: Citic Securities Company Limited(600030) the strategy proposed that the sharp position adjustment of institutions at the beginning of the year accelerated the “high cut low”, and the collapse of high-level tracks reappeared. Stable growth is the main line for the first quarter at least. The market consensus on low-level blue chips will be strengthened, the starting point of the market in the first half of the year will be delayed, and the short-term adjustment will bring a better allocation time point. On the one hand, the issuance of public offering products in the beginning of the year was weaker than expected, the redemption of stock products increased, and the intensive position adjustment of institutions led to the acceleration of “high cut low” and the sudden collapse of the high track. On the other hand, the steady growth policy in the first quarter is expected to move from relay to joint force. Superimposed on the disclosure of real economy data in the fourth quarter, there is sufficient guarantee for stabilizing the economy and market, the main line of infrastructure and real estate is still sustainable, and the market consensus on low-level blue chips will be strengthened.
Subscription of new shares: Chengda pharmaceutical
new debt subscription: none
IPO: none
new bond listing: none
company news
Qingdao Kingking Applied Chemistry Co.Ltd(002094) : the joint and concerted action of Xinneng plans to reduce its shares by no more than 6% of the total share capital
Hengxin Shambala Culture Co.Ltd(300081) : the actual controller intends to reduce the shares not exceeding 4.36% of the total share capital
Topchoice Medical Co.Inc(600763) : LV Jianming, the actual controller, increased 60000 shares
Shandong Shida Shenghua Chemical Group Company Limite(603026) : it is estimated that the net profit in 2021 will increase by 350% – 381% year-on-year
Shanxi Meijin Energy Co.Ltd(000723) : it is estimated that the net profit in 2021 will increase by 259.54% – 331.44% year-on-year
Shaanxi Xinghua Chemistry Co.Ltd(002109) : it is estimated that the net profit in 2021 will increase by 143.11% – 171.16% year-on-year
Central China Securities Co.Ltd(601375) : the net profit in 2021 will increase by 360% – 437%
Shanghai Electric Power Co.Ltd(600021) : it is estimated that the net loss in 2021 will be 1.785 billion yuan – 1.985 billion yuan
* ST Zhongtai: apply for cancellation of the delisting risk warning of the company’s stock trading due to reorganization
Hengfeng Information Technology Co.Ltd(300605) : signed a project contract of RMB 525 million, accounting for 104.51% of the revenue in 2020
Hongrun Construction Group Co.Ltd(002062) : won the bid for the 782 million yuan project
Youcare Pharmaceutical Group Co.Ltd(688658) : cooperate with the pathogen Institute to develop peptide drugs of broad-spectrum coronavirus membrane fusion inhibitors
Zhejiang Huace Film And Tv Co.Ltd(300133) : adjust the organizational structure of the company and establish a special new business department of yuanuniverse
Hangzhou Dadi Haiyang Environmental Protection Co.Ltd(301068) : suspension planning for major asset restructuring
data list
Shanghai and Shenzhen Stock Markets: on January 7, the three major indexes opened higher, the Shanghai index maintained a red market shock in the morning, the gem index continued to weaken, and the three major stock indexes rebounded slightly in the afternoon and fell again. As of the close, the Shanghai index fell 0.18%, the Shenzhen composite index fell 0.60% and the gem index fell 0.98%. On the disk, oil, construction machinery, real estate and other sectors led the increase, while advertising packaging, tourism, culture, education and leisure led the decline. The turnover of Shanghai and Shenzhen stock markets exceeded 1 trillion yuan for the sixth consecutive trading day.
Hong Kong stocks: Hong Kong Hang Seng Index closed up 1.82%, and Hang Seng technology index rose 2%. It is said that the M & A loans received by real estate enterprises are no longer included in the “three red lines”, and the internal housing stocks rose collectively. Vanke enterprise and China Resources Land rose by more than 7%, and China Evergrande and rongchuang China rose by more than 4%. Internet technology, infrastructure, oil and other sectors strengthened, and Alibaba rose more than 6%.
Shanghai Shenzhen Hong Kong stock connect: on January 7, the total net inflow of northbound funds was 9.335 billion yuan, of which the net purchase of Shanghai Stock connect was 7.092 billion yuan and the net purchase of Shenzhen Stock connect was 2.243 billion yuan. Among the top ten traded stocks, the top three net purchases were Sany Heavy Industry Co.Ltd(600031) , Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) , Ganfeng Lithium Co.Ltd(002460) , with net purchases of 917 million yuan, 461 million yuan and 354 million yuan respectively. The top three net sales are China stock market news, Gree Electric Appliances Inc.Of Zhuhai(000651) , Contemporary Amperex Technology Co.Limited(300750) , with net sales of 175 million yuan, 174 million yuan and 169 million yuan respectively.
dragon tiger list: on January 7, among the stocks on the list, the largest net capital inflow was Hubei Radio & Television Information Network Co.Ltd(000665) , which was 251 million yuan.
The data show that the stock closed within the daily limit, with a turnover rate of 16.54% and a turnover of 1.275 billion yuan. The net inflow of funds into the top Everbright Securities Company Limited(601788) Foshan Lvjing road net purchase of 102 million yuan. A total of 29 stocks were involved in the institutional participation in the dragon and tiger list, of which 12 were net bought by the institution, Beijing Hotgen Biotech Co.Ltd(688068) was the most bought, with a net purchase of 90.9756 million yuan in three days. In addition, 17 shares were net sold by institutions, Hainan Drinda Automotive Trim Co.Ltd(002865) was the most sold, with a net sales of 101 million yuan in the three days.
margin trading : as of January 6, the balance of two financial transactions in Shanghai and Shenzhen was 1830.956 billion yuan, an increase of 1.418 billion yuan over the previous trading day. Among them, the financing balance was 1717.849 billion yuan, an increase of 1.527 billion yuan over the previous trading day; The balance of securities lending was 113.107 billion yuan, a decrease of 109 million yuan compared with the previous trading day.
Shibor : Shibor reported 1.8390% overnight, up 12.5 basis points; Shibor reported 2.1030% in 7 days, up 6.1 basis points; Shibor reported 2.5000% in three months, unchanged from the previous day.
foreign exchange
On January 7, the central parity of RMB was reported at 6.3742, down 14 points, and the central parity of the previous trading day was reported at 6.3728. The onshore RMB closed at 6.3739 against the US dollar, up 22 points from the previous trading day.
property market observation
financial Associated Press: according to the statistics of China Index Research Institute, the cumulative new house price increase in Xuzhou reached 9.6% in 2021, ranking first among the 100 cities in China, followed by Xi’an, and the house price increased by 9.33%. These are the two cities with the highest increase in new house prices among the 100 major cities in China in 2021. In addition, the cumulative increase of new houses in Jinhua, Changzhou, Dongguan, Chengdu, Guangzhou, Foshan and Jining in 2021 was higher, all exceeding 5%.
surging news: on January 6, Fuzhou, Fujian Province issued the implementation opinions of the general office of Fuzhou Municipal People’s Government on accelerating the development of indemnificatory rental housing. It is planned to raise 150000 sets (rooms) of indemnificatory rental housing during the 14th Five Year Plan period.
21 Century Business Herald: only 10 days after the end of the battle of centralized land supply last year, Beijing posted the details of the first batch of centralized land supply in 2022 early on January 7, becoming the first new city in China. The reporter found that half of the 18 parcels of land have set up the sales area of competitive existing houses, the maximum premium rate is no more than 15%, and the average premium rate of the upper limit of land price is set to 7.8%. According to the transfer announcement, the total land area of 18 residential land is about 830000 square meters, the construction scale is about 1.69 million square meters, the total starting price is about 49.2 billion yuan, and the deadline for listing and bidding is February 16.
international information
interface news: in 2021, the total position of global physical gold ETFs decreased by 173 tons (about US $9.1 billion, and the asset management scale decreased by 4.0%) to 3570 tons, a decrease of about 5%, while the total asset management scale decreased by 9% to us $209 billion in value – the decline in total value was affected by the decline in gold price and the decline in the number of tons of positions.
interface news: the non farm employment population in the United States increased by 190000 in December, which is estimated to be 450000, compared with 210000. The US unemployment rate was 3.9% in December, up from 4.2%.
financial Associated Press: Thierry Brayton, EU Commissioner in charge of internal market, said in France’s weekly newspaper published on January 9 that the EU needs to attract 500 billion euros to invest in the construction of a new generation of nuclear power plants by 2050. A draft bill released by the European Commission in early January lists nuclear energy as green energy, which paves the way for attracting more investment in the construction of nuclear power plants in the future. It is reported that at present, 26% of the energy in EU countries comes from nuclear power, and this proportion will drop to 15% by 2050.
futures market
China Futures: China commodity futures closed, most of them rose, apple rose more than 6%, LPG and glass rose more than 4%, eg and fuel oil rose more than 3%, crude oil and EB rose more than 2%, PP and hot coil rose more than 1%, palm and starch rose slightly; Coking coal and Shanghai silver fell by more than 3%, coke and pigs fell by more than 1%, and rapeseed meal and sugar fell slightly.
International Futures: on Friday, US Eastern time, international oil prices closed down slightly. As of the close, February crude oil futures in New York fell US $0.56, or 0.70%, to US $78.90/barrel, up 4.90% this week. Brent March crude oil futures fell $0.24, or 0.29%, to $81.75/barrel, up more than 5.10% this week. The international gold price rose. As of the close, the February gold futures price, which was the most actively traded in the gold futures market of the New York Mercantile Exchange, rose by US $8.2 on the 7th compared with the previous trading day to close at US $1797.4 per ounce, or 0.46%.
overseas index
U.S. stock market: on Friday, Eastern time, the three major U.S. stock indexes fell collectively, and the NASDAQ and S & P 500 fell for four consecutive days. As of the close, the Dow fell 4.81 points, or 0.01%, to 36231.66; The NASDAQ fell 144.96 points, or 0.96%, to 14935.90; The S & P 500 index fell 19.02 points, or 0.41%, to 4677.03.
European stock market: on Friday, European time, the main indexes of European stocks rose or fell. As of the close, the average price index of 100 stocks in the financial times in London stock market closed at 7485.28, up 34.91 points or 0.47% over the previous trading day; France Paris Stock Market CAC40 index closed at 7219.48, down 30.18 points or 0.42% from the previous trading day; Germany’s Frankfurt DAX index closed at 15947.74, down 104.29 points or 0.65% from the previous trading day.
Asia Pacific stocks: the Nikkei 225 index closed down 0.03% to 28478.56. South Korea’s Kospi index closed up 34.36 points, or 1.18%, at 2954.89.
(source: China stock market news research center)
