daily selection
Securities Times: on April 18, the national teleconference on ensuring smooth logistics and promoting the stability of industrial chain and supply chain was held in Beijing. Liu He, member of the Political Bureau of the CPC Central Committee and vice premier of the State Council, attended the meeting and deployed ten important measures. It is required to strive to realize that “people’s livelihood should be underpinned, freight transportation should be unblocked and industry should be recycled”. [details]
central bank: in order to thoroughly implement the requirements of the CPC Central Committee and the State Council on coordinating epidemic prevention and control and economic and social development, as well as the National Conference on ensuring smooth logistics and promoting the stability of industrial chain supply chain, on April 18, the people’s Bank of China and the State Administration of foreign exchange issued the notice on doing a good job in epidemic prevention and control and financial services for economic and social development From the three aspects of unblocking the circulation of the national economy and promoting the development of foreign trade and exports, 23 policies and measures were put forward to strengthen financial services and strengthen support for the real economy. [details]
financial Associated Press: since this year, the people’s Bank of China has increased its liquidity investment. In order to support small and micro enterprises to accelerate the implementation of tax rebates, the people’s Bank of China has stepped up its efforts to hand over the balance profits to the central government. As of mid April, 600 billion yuan had been handed over, mainly for tax rebates and transfer payments to local governments, which is equivalent to 600 billion yuan of basic currency, basically equivalent to 0.25 percentage points of the overall standard reduction. On April 15, the people’s Bank of China announced an overall reduction of reserve requirement by 0.25 percentage points and will invest another 530 billion yuan of long-term funds. Throughout the year, the people’s Bank of China will hand over more than 1100 billion yuan of balance profits, make progress in payment, allocate them in time according to the needs of tax rebate, cooperate with other monetary policy operations, and effectively maintain reasonable and sufficient liquidity. [details]
Securities Times: China Merchants Bank Co.Ltd(600036) ( China Merchants Bank Co.Ltd(600036) ) announced on the evening of April 18 that the board of directors deliberated and approved the proposal on the removal of Mr. Tian Huiyu, and agreed to remove Tian Huiyu from the post of China Merchants Bank Co.Ltd(600036) president and director, with another appointment. It is agreed that Wang Liang will preside over the China Merchants Bank Co.Ltd(600036) work, which will take effect from the date of deliberation and approval by the board of directors. Tian Huiyu did not attend the meeting for personal reasons. [details]
macro economy
National Bureau of Statistics: preliminary accounting shows that China’s GDP in the first quarter was 270178 billion yuan, with a year-on-year increase of 4.8% at constant prices and a month-on-month increase of 1.3% over the fourth quarter of 2021. By industry, the added value of the primary industry was 1095.4 billion yuan, a year-on-year increase of 6.0%; The added value of the secondary industry was 106187 billion yuan, an increase of 5.8%; The added value of the tertiary industry was 153037 billion yuan, an increase of 4.0%. [details]
surging news: recently, Chengdu development and Reform Commission issued Chengdu’s “14th five year plan” for digital economy development, in which the keyword “quantum” was mentioned 60 times. The plan proposes that during the “14th five year plan” period, Chengdu will comprehensively promote the in-depth integrated development of the digital economy and the real economy, and speed up the construction of a digital economy industrial development system led by core industries, emerging industries and a future track based on the actual needs of the digital transformation of mega cities and the improvement of the supply capacity of three new elements of the digital economy: digital technology, data elements and digital infrastructure. [details]
Ministry of industry and information technology: on the morning of April 18, after the national teleconference on ensuring smooth logistics and promoting the stability of industrial chain supply chain was held, the Ministry of industry and information technology took immediate action to organize and convey the spirit of the meeting, requiring that thoughts and actions be unified into the important instructions of Xi Jinping general record and the decision-making and deployment of the CPC Central Committee and the State Council, Conscientiously implement the work requirements of “people’s livelihood should be underpinned, freight transportation should be unimpeded, and industry should be recycled”, refine and implement various measures, and ensure the stability and unimpeded supply chain of key industrial chains and the normal production and operation of enterprises. [details]
financial Associated Press: the general office of the Ministry of agriculture and rural areas and the comprehensive Department of the National Rural Revitalization Bureau jointly issued the guidelines for social capital investment in agriculture and rural areas (2022). The guidelines propose to encourage social capital to invest in key industries and fields such as modern planting and breeding industry, modern seed industry, rural people enriching industry, Shenzhen Agricultural Products Group Co.Ltd(000061) processing and circulation industry, rural new service industry, agricultural and rural green development, agricultural science and technology innovation, agricultural and rural talent training, agricultural and rural infrastructure construction, digital village and Jiangsu Nonghua Intelligent Agriculture Technology Co.Ltd(000816) construction, agricultural entrepreneurship and innovation, rural living environment improvement and agricultural foreign cooperation. [details]
industry trends
China Central Television finance and Economics: with the gradual warming of the weather, it is the peak season of traditional air conditioning consumption. In a home appliance store in Beijing, the reporter saw that there were not many people in the store. Many consumers said that the price had increased compared with some time ago. Data show that in the first quarter of this year, the average price of air conditioning increased year-on-year, while the sales volume decreased. [details]
first finance and Economics: car sales in March were 2.2344 million, a year-on-year decrease of 11.7%, 24000 new energy commercial vehicles, a year-on-year increase of 69.6%, and the penetration rate was 6.5%, a record high. From January to March, the sales volume of automobiles was 6.509 million, with a year-on-year increase of 0.2%, that of commercial vehicles was 965000, with a year-on-year decrease of 31.7%, that of new energy commercial vehicles was 49000, with a year-on-year increase of 97.9%, and the penetration rate was 5.1%. The annual new energy penetration rate increased by 5.9%, including 6.3% for passenger vehicles, close to 22% for the first time, 1.2% for commercial vehicles, exceeding 5%, reaching 5.1%. [details]
interface news: with the voice of multiple ministries and commissions to ensure supply and operation, automobile industry chain enterprises have begun to gradually promote the resumption of work and production. Previously, the market expected that the impact of the epidemic on supply and demand would reach two months, and the Shanghai automobile industry began to gradually resume production in April, exceeding market expectations. [details]
first finance and Economics: on the afternoon of April 18, the reporter learned from Konka’s 2022 spring strategic new product online press conference that Konka cooperated with the original hammer technology smartisanos team acquired by bytejoo to develop a large screen operating system and launched a new smart large screen with free screen splicing, which is the first time that bytejoo has officially entered the large screen industry chain.
[details]
stock market focus
financial Associated Press: CNOOC disclosed the issuance results. Online investors gave up the subscription amount of 242 million yuan and offline investors gave up the subscription amount of 596000 yuan. [details]
interface news: brokerage stocks with tepid performance have unexpectedly fallen sharply in recent days. The data show that the brokerage sector fell 2.56% within the day, leading the decline in all sectors. Except Nanjing Securities Co.Ltd(601990) , Sinolink Securities Co.Ltd(600109) rose slightly, all the other 45 constituent stocks fell, which attracted the keen attention of the market. Some market participants believe that the reduction of reserve requirement does not meet expectations, the performance of a few bond businesses does not meet expectations, the fear of liquidity tightening, the overall rise of capital interest rate and so on may be the factors affecting the performance of the sector. In addition, some analysts believe that this may only be an emotional expression of funds in the face of market decline. In the long run, capital market reform is still good for securities companies. [details]
China business: Haitong Securities Company Limited(600837) pointed out that the current round of adjustment has been sufficient in time and space. At present, the valuation of A-Shares is at a historically low level. With the positive progress of epidemic prevention and control and the implementation of steady growth policies, it is expected that the growth target of 5.5% left and right in the whole year can still be expected, corresponding to the profit growth of listed companies of 5% – 8%. The market will enter the pit filling market next. From the perspective of style, the macro background of this year is similar to that of 12 years, that is, the steady growth policy has made efforts to support the bottom economy. From a medium – and long-term perspective, the information technology revolution and the energy revolution have not been completed, and the growth style conforming to China’s transformation direction is still dominant in the profit trend. [details]
Securities Times: on April 18, the main contract of pig futures rose 6% during the day, closing up 5.51% to close at 13400 yuan / ton, and the closing price hit a new high since March 10. Last week, the market price of 15kg piglets was 444 yuan / head, up 8% on a weekly basis, up 188% from 154 yuan / head at the bottom, and the price of 50kg binary sows was 1611 yuan / head, down 0.7% on a weekly basis, up 30% from 1238 yuan / head at the bottom Guosen Securities Co.Ltd(002736) said that the pig price in 2022 belongs to the bottom grinding stage of the cycle. From the perspective of cost, the global bulk Shenzhen Agricultural Products Group Co.Ltd(000061) will be at an all-time high in 2022, and the grain price is expected to reach a new high in the second half of the year. Therefore, the current pig breeding industry is squeezed by both the downstream and upstream, and the cash loss rate of the industry is unprecedented. It continues to maintain the judgment that the production capacity will be cleared in the first half of 2023, and 2022 is the best layout window. [details]
subscription of new shares: Jingye intelligence, Hechuan Technology
new debt subscription: Xiangjia convertible bonds
IPO: yingjixin, Jingwei Hengrun, Hongde shares, Xinte electric, Liansheng chemical
listing of new bonds: aggregate convertible bonds
corporate news
China Merchants Bank Co.Ltd(600036) : agrees to remove Tian Huiyu from the post of China Merchants Bank Co.Ltd(600036) president and director, and has another appointment
Sichuan Hebang Biotechnology Co.Ltd(603077) : it is planned to invest 12.5 billion yuan to build a production line with an annual output of 500000 tons of glyphosate
Yinbang Clad Material Co.Ltd(300337) : signed a memorandum of cooperation with Contemporary Amperex Technology Co.Limited(300750) and promised to supply battery water-cooling sector materials
Ningbo Tianlong Electronics Co.Ltd(603266) : new energy vehicle business accounts for a small proportion
Will Semiconductor Co.Ltd.Shanghai(603501) : net profit in 2021 increased by 65.41% year-on-year, and it is proposed to transfer 10 to 3.5 and distribute 5.2 yuan
Nantong Jiangshan Agrochemical & Chemicals Co.Ltd(600389) : first quarter net profit of 646 million yuan, with a year-on-year increase of 452.22%
Beijing Huafeng Test & Control Technology Co.Ltd(688200) : first quarter net profit increased by 355.74% year on year
Cosco Shipping Holdings Co.Ltd(601919) : controlling shareholders increased their holdings of A-Shares and H shares of HK $1004 million
Shanghai Aiyingshi Co.Ltd(603214) : Hezhong investment plans to reduce its shares by no more than 16.97%
Autel Intelligent Technology Corp.Ltd(688208) : intends to repurchase shares with RMB 100 million to RMB 200 million
Weifu High-Technology Group Co.Ltd(000581) : intends to repurchase shares with RMB 362.5 million to RMB 725 million
Byd Company Limited(002594) : net profit in the first quarter of 2022 increased by 174% – 300%
Risesun Real Estate Development Co.Ltd(002146) : revised 2021 performance forecast with a loss of 4.5 billion yuan – 6 billion yuan
data list
Shanghai and Shenzhen Stock Markets: on April 18, the three major indexes were divided. As of the closing, the Shanghai index fell 0.49%, the Shenzhen Component Index rose 0.37% and the gem index rose 1.11%. In terms of sectors, agriculture, animal husbandry, feeding and fishing, photovoltaic equipment, semiconductor, chicken concept and other sectors led the increase; Coal industry, securities, cement building materials and other sectors led the decline. The auto parts sector rose sharply throughout the day, driving the rise of relevant stocks, Zhongjie (Jiangsu) Technology Co.Ltd(301072) , Ningbo Kbe Electrical Technology Co.Ltd(300863) , Jiangsu Olive Sensors High-Tech Co.Ltd(300507) and many other stocks rose by more than 10%. More than 2600 stocks rose in the two cities.
Hong Kong stocks: due to the Easter holiday, the Hong Kong stock market was closed for one day.
Shanghai Shenzhen Hong Kong stock connect: northbound trading is suspended for one day.
dragon and tiger list: on April 18, the largest net capital inflow was Wuhan Easy Diagnosis Biomedicine Co.Ltd(002932) , which was 106 million yuan. Data show that the stock closed within the daily limit, with a turnover rate of 17.15% throughout the day. The net inflow of funds into Hubei Branch of Guosheng securities, which ranks first, net purchases of 562034 million yuan.
A total of 40 stocks were involved in the institutional participation list, of which 19 were net bought by the institution, and Bethel Automotive Safety Systems Co.Ltd(603596) was the most bought, amounting to 164 million yuan. In addition, 21 shares were sold by institutions, and China Railway Materials Company Limited(000927) was sold the most, with a net sales of 154 million yuan in three days.
margin trading : as of April 15, the balance of Shanghai and Shenzhen stock markets was 1630358 billion yuan, a decrease of 8.823 billion yuan compared with the previous trading day. Among them, the financing balance was 1541407 billion yuan, a decrease of 8.808 billion yuan compared with the previous trading day; The balance of securities lending was 88.951 billion yuan, a decrease of 15 million yuan compared with the previous trading day.
Shibor : Shibor reported 1.4030% overnight, up 6.4 basis points; Shibor reported 1.8760% in seven days, up 5.4 basis points; Three month Shibor reported 2.3310%, down 0.5 basis points
foreign exchange
On April 18, the central parity rate of RMB was 6.3763, up 133 points, and the central parity rate of the previous trading day was 6.3896 The onshore RMB closed at 6.3698 against the US dollar at 16:30, up 14 basis points from the previous trading day
property market observation
financial Associated Press: Wang Yirong, director of the investigation and Statistics Department of Guangzhou Branch of the people’s Bank of China, said that Guangzhou Branch of the people’s Bank of China optimized the credit structure and guided key areas and weak links to broaden credit. The marginal improvement of real estate loans. Real estate development loans increased by 57.9 billion yuan in the first quarter, getting rid of the steady state since the third and fourth quarters of last year and re entering the growth channel. [details]
Securities Times: according to the latest data released by the National Bureau of statistics, from January to March, real estate development investment, sales, funds in place of real estate enterprises and other indicators were weak. Among them, the growth rate of development investment further declined, and the decline of sales continued to expand, the largest decline except from January to February 2020. However, the relevant person in charge of the National Bureau of Statistics said that although the current real estate sales are declining, we should also see that with the moderate liberalization of purchase and sales restrictions in many places, reducing the threshold for the use of provident fund and accelerating the approval of house purchase loans, the housing demand in some cities has been released and the decline in sales area has narrowed. [details]
International Information
interface news: , Japan’s Real Estate Economics Institute, released on 18 may 2021, the average price of new apartments in the capital circle (1 all 3 counties) rose 6.1% over the previous year, reaching 63 million 600 thousand yen (about 3 million 220 thousand yuan), exceeding the 62 million 140 thousand yen in 1990 years during the bubble economy. The popularity of high-grade buildings such as Tower Apartments in the heart of Tokyo has risen, pushing up the average price. Following the record high data of 62.6 million yen per set in 2021, there is strong demand. [details]
China Central Television news client: India’s wholesale price index (WPI) inflation rose to 14.55% in March, the highest level in four months, according to data released by the Ministry of Commerce on the 18th local time. India’s Ministry of Commerce said that the rise in India’s wholesale price index inflation rate in March was mainly due to the rise in the prices of crude oil, natural gas and base metals caused by the conflict between Russia and Ukraine. [details]
period goods quotation
China Futures: China commodity futures closed with more gains and less losses. Jujube rose nearly 8%, pigs rose more than 5%, asphalt rose more than 3%, soda ash and liquefied gas rose more than 2%, peanuts, manganese and silicon rose more than 1%, and cotton and eggs rose slightly; Coking coal fell by about 3%, stainless steel and apple fell by more than 1%, and Douyi and Huxi fell slightly.
International Futures: WTI crude oil futures closed up 1.18% to US $108.21/barrel; Brent crude oil futures rose 1.31% to $113.16 a barrel. COMEX June gold futures closed up 0.6% at US $198640/oz
overseas index
US stock market: the three major indexes of US stocks closed down slightly, with the Dow down 0.11%, the S & P 500 down 0.02% and the NASDAQ down 0.14%. The oil and gas sector led the gains.
European stock markets: due to the Easter holiday, the stock markets of Britain, Germany and France are closed for one day.
Asia Pacific Stock Market: april 18, the Nikkei 225 index closed down 303.69 points, or 1.12%, at 267895 points. South Korea’s Kospi index closed down 2.85 points, or 0.11%, at 269321.
