seeking truth: Minister of Finance Liu Kun wrote in seeking truth magazine that the central economic work conference held at the end of 2021 clearly proposed to continue to implement an active fiscal policy in 2022. This year’s “government work report” has made specific arrangements for the implementation of a proactive fiscal policy. Financial departments should conscientiously implement the decisions and arrangements of the Party Central Committee and the State Council, organize the implementation of positive fiscal policies, properly advance the policy, contribute to stabilizing the macro-economic market and keep the economic operation within a reasonable range. [details]
central bank: in order to support the development of the real economy and promote the steady decline of comprehensive financing costs, the people’s Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on April 25, 2022 (excluding financial institutions that have implemented the 5% deposit reserve ratio). In order to increase the support for small and micro enterprises and “agriculture, rural areas and farmers”, for urban commercial banks without inter provincial operation and agricultural commercial banks with deposit reserve ratio higher than 5%, an additional 0.25 percentage point will be reduced on the basis of reducing the deposit reserve ratio by 0.25 percentage point. After this reduction, the weighted average deposit reserve ratio of financial institutions is 8.1%. [details]
Securities Times website: on April 16, the Shanghai Economic and Information Technology Commission issued the guidelines for the prevention and control of the epidemic situation of industrial enterprises returning to work and production in Shanghai (First Edition). The guidelines are clear. District governments, streets, towns and parks should actively support enterprises to resume work and production, guide enterprises to “one enterprise, one policy” and earnestly do a good job in epidemic prevention and control; It is necessary to set up nucleic acid detection points and provide detection services, deal with medical wastes in time, and provide basic services for the support of epidemic prevention materials and living materials. [details]
Securities Daily: on April 15, the CSRC issued the guidelines for the management of investor relations of listed companies, which will come into force on May 15, 2022. Strengthening investor relationship management is not only an important measure to improve the quality of listed companies, but also an important content of investor protection. In July 2005, China Securities Regulatory Commission issued the guidelines (2005) as the basic behavior guide for listed companies to carry out investor relations management. Since its implementation, it has played a positive role in guiding listed companies to carry out investor relationship management, promoting the standardized operation of listed companies and protecting the legitimate rights and interests of investors. [details]
macro economy
21 finance and Economics: in response to the recent rumor that “the interest rate self-discipline mechanism encourages small and medium-sized banks to reduce the deposit interest rate by 10 basis points”, relevant people of two urban commercial banks told the 21st Century Business Herald reporter that the news is true, but relevant people of some urban commercial banks said that they had not received notice for the time being. [details]
China Central Television: the reporter learned from the national development and Reform Commission that the details of this oil price adjustment are as follows: China’s gasoline and diesel prices have been reduced by 545 yuan and 530 yuan per ton respectively. The financial reporter of China Central Television has calculated an account for you. According to the estimation of 50L fuel tank capacity of ordinary household cars, filling a box of No. 92 gasoline will cost 21.5 yuan less. [details]
first finance and Economics: recently, the Ministry of industry and information technology and the national development and Reform Commission launched a survey on the production and operation of the automobile industry. According to people close to the China Automobile Association, representatives of automobile enterprises suggested another round of “automobile to the countryside” to stimulate automobile consumption. [details]
surging news: Zhou Xiaochuan said that China’s e-cny was designed for retail, for the convenience of people and merchants, not to replace the US dollar. Therefore, since it was not designed according to that goal, it can’t support the functions suddenly assigned to it now. Of course, we don’t rule out that e-cny may have the prospect of cross-border payment in the future, but I think it will also focus on retail. The application of cross-border retail is not easy to use as a military weapon. [details]
industry trends
Shanghai Customs: the summary information of Shanghai Customs shows that under the background of global static management and limited port logistics in Shanghai recently, the customs clearance of import and export materials of many integrated circuit enterprises in Shanghai and relevant provinces and cities has remained smooth, and multiple measures have been taken to ensure the stability of supply chain and industrial chain of key production industries. It is reported that in the three days since April 11 alone, the Customs has successively inspected and released photoresist remover and other IC special materials and equipment for nearly US $2 million. [details]
China Securities News: learned from CITIC Trust that new progress has been made in Evergrande’s debt restructuring. The Evergrande Guangdong project of CITIC Trust recently held a beneficiaries’ meeting, and 86% of the beneficiaries voted to agree. The more than two-thirds pass rate means that the project is further away from the implementation. Previously, CITIC Trust received a letter from Guangzhou urban investment group that it would resolve the risks of Evergrande Guangdong project by returning the land of the project. [details]
first finance and Economics: recently, the price of imported milk powder in some parts of China has risen, which has also aroused the concerns of Baoma. There are also rumors in the market that due to the fact that Shanghai and Guangdong are also the main customs clearance ports of milk powder, there will be a large-scale shortage of imported milk powder affected by the epidemic. The reporter learned from a number of dairy enterprises that the epidemic has slightly delayed the timeliness of customs clearance and logistics capacity, but the milk powder import and warehouse supply are normal. [details]
science and Innovation Board Daily: recently, the state tobacco monopoly administration launched the e-cigarette management column on its official website and issued a number of documents at the same time, stipulating four aspects: production, wholesale, retail and traceability management. [details]
stock market focus
financial Associated Press: Friday afternoon, the Ministry of industry and information technology, the Ministry of communications and the Central Bank jointly issued a voice to fully ensure the smooth logistics and the stability of the industrial chain supply chain. The Ministry of industry and information technology said that it will work together to implement the policy of ensuring the smooth flow of freight logistics; The Ministry of transport stated that it would spare no effort to ensure the orderly operation of logistics; The people’s Bank of China proposed to open up a “green channel” for transportation and logistics enterprises and freight drivers. One good news after another, however, the performance of the logistics sector on Friday was not satisfactory. [details]
China Fund News: since this year, with the adjustment of A-share market and the setback of growth style, the phenomenon of breaking issuance of listed new shares has been staged frequently.
Many fund insiders said that with the deepening of the reform of the registration system and the more market-oriented pricing of new shares, the myth of “unbeaten new shares” is being dashed, which is also the only way for China’s capital market to mature. Each public offering will also reasonably price the listed new shares by appropriately tightening the valuation constraints, strengthening objective and prudent fundamental analysis, scientific pricing and other measures. [details]
financial Associated Press: China Merchants, Zhongrong, chuangjinhexin, harvest, Nord, Penghua, great wall, HSBC Jinxin, Qianhai Kaiyuan, CAITONG, Boshi and other fund companies quickly interpreted it. They said that the RRR reduction was in line with market expectations and aimed to stabilize the cost of bank liabilities, reduce enterprise financing costs, alleviate the adverse impact of the epidemic on China’s economy and boost the growth of the real economy. With the landing of RRR reduction, stocks and bonds are expected to stabilize. Among them, for the stock market, this RRR reduction will undoubtedly be timely rain. At present, the stock market is in the bottom shock stage, and the market lacks confidence. The positive signal released by the RRR reduction is conducive to the recovery of the stock market. [details]
China Fund News: recently, the domestic game version has been restarted after the suspension of issuance since July last year, becoming the focus of attention in the capital market. Can this bring super opportunities to the game sector? Which sectors are more profitable? What are the risks behind it? The reporter interviewed eight professionals in the field of games and media. These fund managers said that the restart of the game version number is a major positive for the game industry. On the one hand, it is expected to improve the performance expectations of game companies in the second half of the year or next year, and game companies are expected to enter the performance improvement channel. At the same time, it is conducive to changing investors’ pessimistic expectations of the Internet and media industry. When investors use games, media and other theme funds to layout, it is best to adopt the fixed investment method. [details]
subscription of new shares: wangbian electric
new bond subscription: none
IPO: none
new bond listing: none
company news
Beih-Property Co.Ltd(600791) : full caliber contract amount in the first quarter was 187 million yuan, a year-on-year decrease of 67.48%
Shandong Daye Co.Ltd(603278) : intends to transfer 19.44% of the equity of Shandong Daye new material with RMB 350 million
Shanghai Carthane Co.Ltd(603037) : intends to acquire 100% equity of pukoma with RMB 13.49 million
Zhejiang East Crystal Electronic Co.Ltd(002199) : : net profit in 2021 was 309385 million yuan, with a year-on-year increase of 287.92%
Beijing Wantai Biological Pharmacy Enterprise Co.Ltd(603392) : achieved a net profit of 1.331 billion yuan in the first quarter, with a year-on-year increase of 360.18%
Hangzhou Silan Microelectronics Co.Ltd(600460) : estimated net profit in the first quarter increased by 50% to 70% year-on-year
Sichuan Yahua Industrial Group Co.Ltd(002497) : invested $5 million to subscribe for the equity of Canada super lithium company
Changbai Mountain Tourism Co.Ltd(603099) : proposed to raise no more than 500 million yuan
Synthesis Electronic Technology Co.Ltd(300479) : planning the change of control and suspension from the 18th
Xinjiang Tianshan Cement Co.Ltd(000877) : proposed acquisition of related party Ningxia Building Materials Group Co.Ltd(600449) cement sector assets
Hunan New Wellful Co.Ltd(600975) : planning major asset restructuring and stock suspension
Gpro Titanium Industry Co.Ltd(000545) : subsidiary Xuzhou titanium dioxide resumes production
Luxi Chemical Group Co.Ltd(000830) : planning to issue shares to purchase 100% equity of Luxi group
Andon Health Co.Ltd(002432) : American ACC paid a total of US $411 million to the company’s US subsidiaries
data list
Shanghai and Shenzhen Stock Markets: on April 15, the three major A-share indexes fluctuated all day after opening low, once turned red in the afternoon, and more than 3600 stocks in the two markets fell. As of the close, the Shanghai index fell 0.45%, the Shenzhen composite index fell 0.56% and the gem index fell 0.24%. On the disk, the auto parts sector rose sharply in the afternoon, Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) , Fuyao Glass Industry Group Co.Ltd(600660) and other stocks rose by the limit, household goods, banking, electricity, medicine, food and beverage, real estate and other sectors led the rise, while tourism, warehousing and logistics, coal and other sectors led the decline.
Hong Kong shares: Hong Kong shares are closed for one day due to the good Friday holiday.
Hushen Gangtong: according to the arrangement of the exchange, the trading of Hushen Gangtong (northbound capital) was suspended on the same day.
dragon and tiger list: on April 15, the largest net capital inflow was Shanxi Coking Coal Energy Group Co.Ltd(000983) , which was 326 million yuan. Data show that the stock closed within the daily limit, up 24.9% in the past three days. The top net inflow of funds was Shenwan Hongyuan Group Co.Ltd(000166) Shanghai Chengshan Road, with a net purchase of 174 million yuan. A total of 28 shares were involved in the institutional participation in the dragon and tiger list, of which 15 were net bought by the institution, and Andon Health Co.Ltd(002432) was the most bought, with a total of 338 million yuan. In addition, 13 shares were net sold by institutions, and Hainan Poly Pharm.Co.Ltd(300630) .
margin trading : as of April 14, the balance of Shanghai and Shenzhen stock markets was 1639181 million yuan, an increase of 170 million yuan over the previous trading day. Among them, the financing balance was 1550215 billion yuan, a decrease of 1.23 billion yuan compared with the previous trading day; The balance of securities lending was 88.966 billion yuan, an increase of 1.4 billion yuan over the previous trading day.
shibor: shibor reported 1.3390% overnight, down 21.3 basis points; Shibor reported 1.8220% in seven days, down 8.3 basis points; Three month Shibor reported 2.3360%, down 0.7 basis points
foreign exchange
The central parity was reported at 3596.4 on June 15, down from 356.4 on June 15 The onshore RMB closed at 6.3712 against the US dollar at 16:30 on April 15, down 8 points from the previous trading day.
property market observation
issued by Yichang: Yichang issued the notice on further promoting the virtuous circle and healthy development of the real estate market on April 14. The notice made it clear that the listing and trading of new commercial housing online signing and filing within 2 years will no longer be restricted, so as to promote the virtuous circle of the primary and secondary market of commercial housing. And guide financial institutions to increase the investment of individual housing mortgage loans, with the proportion of down payment for the first house loan not less than 20% and the proportion of down payment for the second house loan not less than 30%. [details]
financial Associated Press: 16, Kunming issued the opinions of the office of Kunming Municipal People’s Government on promoting the stability of land price and house price in the real estate market, with a total of 8 items and 25 articles, including accelerating the de commercialization of commercial and commercial housing, alleviating the difficulties of real estate development enterprises during the epidemic, encouraging relocation and resettlement in various ways, optimizing housing financial services, etc. Among them, it is mentioned to strengthen monetized resettlement and reduce the down payment ratio of provident fund for the purchase of second houses. [details]
brokerage China: on April 15, the house price statistics of 70 cities across the country were released in March! According to the data of the National Bureau of statistics, affected by the deregulation policies of various regions, the month on month decline of house prices in second and third tier cities narrowed in March, and the number of cities with second-hand house prices fell significantly. The first tier cities were affected by the epidemic, and the increase of house prices fell somewhat. [details]
International Information
Ministry of Finance: with the approval of the State Council, the Tariff Commission of the State Council published the list of the seventh extension of the exclusion of goods with additional tariff imposed on the United States, and extended the exclusion period for relevant goods in the announcement of the tariff Commission of the State Council on the extension of the fifth exclusion list of goods with additional tariff imposed on the United States (announcement of the Tax Commission [2021] No. 7), from April 17, 2022 to November 30, 2022, Continue not to impose the tariffs I imposed to counter the US 301 measures. [details]
CCTV news client: on the 17th local time, the government of the Russian Federation announced a temporary increase in the export quota of mineral fertilizers for Russian enterprises, which will be effective until May 31. [details]
financial Associated Press: according to the associated press, the precipitation in the United States in March has been below the average level for the third consecutive month. As the main source of domestic and agricultural water in the western United States, the Rio Grande river is in urgent need. In order to ensure water supply to downstream areas, New Mexico and the water conservancy area in the middle reaches of the Rio Grande River encourage local farmers to rest their land and provide appropriate subsidies for water use. It is reported that the fallow policy is mainly for fields with low yield or need to recuperate. At present, the region is experiencing the worst drought in more than 1200 years, according to the US and Chinese Ministry of government. [details]
futures market
China Futures: China Commodity Futures mostly closed up, with low sulfur fuel oil and ferrosilicon up more than 4%, Shanghai nickel, fuel oil, palm oil, crude oil and urea up more than 3%, and iron ore, liquefied gas and Shanghai aluminum up more than 2%. Styrene fell more than 2%, glass, methanol and apple fell more than 1%.
International Futures: affected by the good Friday holiday on April 15, the trading of precious metals, US crude oil contracts and foreign exchange contracts under CME and Brent crude oil futures contracts under ice were suspended all day
overseas index
US stock market : affected by the good Friday holiday on April 15, US stocks were closed for one day.
European stock markets: affected by the good Friday holiday on April 15, European stocks were closed for one day.
Asia Pacific Stock Market: Nikkei 225 index fell 0.29% to 2709319 points. South Korea’s Kospi index closed down 20.65 points, or 0.76%, at 269606.
