January 11th (Tuesday), the main contents of today’s headlines are:
China Securities Journal
CAAC will strive to turn losses into profits in the industry as a whole in 2022
In 2022, CAAC will strive to complete the total transportation turnover of 104 billion ton kilometers, 570 million passenger trips and 7.8 million tons of cargo and mail transportation, which will generally return to the level of 85% before the epidemic, and strive to turn losses and increase profits in the industry as a whole. This was learned by the reporter of China Securities Journal from the 2022 national civil aviation Work Conference on January 10.
Holding a record 4 trillion yuan, foreign investors increase their holdings of bonds and seize China’s opportunities
The annual position increase was about 750 billion yuan, the position at the end of the year reached 4 trillion yuan, the maximum monthly turnover exceeded 1 trillion yuan, and the number of investors entering the market exceeded 1000… On January 10, the “annual bill” of overseas institutions investing in Chinese bonds in 2021 was announced. A series of figures show that overseas institutions\’ investment in domestic bonds is sustainable and stable, and RMB assets, including bonds, show a strong attraction to global investors.
“Black gold” shines alone, and it is difficult to continue the long story of oil price in 2022
Since 2022, assets such as US bonds, US stocks, precious metals and non-ferrous metals have generally fallen, and risk aversion in global financial markets has increased. However, the international oil price has strengthened alone, with the cumulative increase of Brent crude oil futures and US WTI crude oil futures close to 5%.
The northward capital inflow is accelerated, and the undervalued sector is expected to meet the repair market
On January 10, the A-share market opened low and went high, and the Shanghai Composite Index and Shenzhen Composite Index rose for the first time since the new year. The turnover of the two cities reached 1.05 trillion yuan, exceeding 1 trillion yuan for seven consecutive trading days. Analysts said that at present, the A-share market presents a more obvious structural market. Under the background that the Fed has not yet started the interest rate increase cycle, abundant liquidity will still support the market trend, and the undervalued sector is expected to usher in a repair market.
Shanghai Securities Journal
Accelerate the steady investment of “three arrows at the same time” of the national Standing Committee on major projects
At the executive meeting of the State Council held yesterday, “three arrows” to stabilize Investment: accelerate the implementation of 102 major engineering projects and key projects of special planning in the outline of the 14th five year plan, pay close attention to the issuance of special bonds issued this year, and deepen the reform of the investment examination and approval system.
Focus on key areas, actively implement fiscal policies and make precise efforts
Active fiscal policy will play a more important role in macro-control. Since the beginning of 2022, we have focused on key areas such as tax reduction and fee reduction, expenditure expansion and efficiency increase, and local bond issuance, and fiscal policies have begun to make precise efforts.
The undervalued main line market is heating up, and the real estate infrastructure industry chain is strengthening
On Monday, the three major A-share indexes bottomed out in the morning and rebounded in the afternoon. The disk continued the characteristics of structural differentiation, “undervaluation” and “dilemma reversal” became two strong main lines, and the rise of representative plates such as construction, real estate and aquaculture was prominent. In contrast, the hot new energy sector last year continued to be cold.
Investment directors of nine fund companies look forward to 2022 to find a new king in the market
Just handed over the 2021 investment answer sheet, the capital market gave a new examination question. Since the beginning of the year, the differentiation of A-share market has intensified, and high boom stocks represented by new energy have fallen sharply. Standing at the moment, how will fund managers with heavy money make investment decisions?
securities times
CSRC: support qualified mainland enterprises to go to Hong Kong for listing and financing
When attending the 15th Asian financial forum in 2022, Fang Xinghai, vice chairman of the CSRC, said on the 10th that the CSRC has always supported qualified mainland enterprises to go to Hong Kong for listing and financing. Recently, the CSRC has publicly solicited opinions on the relevant systems and rules for overseas listing of domestic enterprises and the introduction of relevant rules, It will further increase the stability and predictability of the regulatory system for overseas listing of mainland enterprises, and better support enterprises to list overseas in accordance with the law and regulations.
All localities have sounded the number of major infrastructure construction, with more than 3 trillion investment supporting the bottom and steady growth
At the beginning of the new year in 2022, the construction of major projects in many places began. According to incomplete statistics of the securities times, as of January 10, the total investment scale of these major projects exceeded 3 trillion yuan. At the same time, according to the recent local government meetings, the focus of local efforts to promote the steady growth of “infrastructure investment” in 2022 is becoming clearer, and the new infrastructure of water conservancy, transportation, energy and Internet has been mentioned many times.
Ministry of industry and information technology: basically form a modern light industry system by 2025
On January 10, the Ministry of industry and information technology issued the guidance on accelerating the construction of modern light industry system (Draft for comments), accelerating the construction of modern light industry system and promoting the high-quality development of light industry. The exposure draft proposes that by 2025, the comprehensive strength of light industry will be greatly improved, the proportion in industry will be basically stable, the innovation ability and brand influence of enterprises will be significantly improved, the modernization level of industrial chain will be significantly improved, the industrial structure and regional layout will be more optimized, the position in the global industrial division and value chain will be significantly improved, and the modern light industry system will be basically formed.
Is the new year really a barrier? The number of IPO terminations returned to a high level in December
At the end of the year and the beginning of the year, the withdrawal of IPO began again. At the beginning of 2022, as of January 8, three IPO companies have applied for withdrawal of materials, of which two are gem projects and one is science and innovation board projects. In fact, the termination of IPOs has increased significantly recently. In December 2021, 28 IPOs terminated their listing, close to the high level in March of the same year.
Securities Daily
The heat of A-share spin off listing will not decrease, and the first “A-share spin off a” in 2022 will be implemented soon
The first spin off listed shares will be born in 2022. According to the statistics of the reporter of Securities Daily, in 2021, 8 listed companies were listed by spin off subsidiaries, of which 7 were listed on the science and innovation board and 1 was listed on the gem. At present, Deshi shares are being issued and are expected to become the first spin off listed shares in 2022.
The performance of listed securities companies in 2021 is the first to see: the three companies take the lead in forecasting commendable Citic Securities Company Limited(600030) net profit is expected to reach 20 billion
At the beginning of the new year, three listed securities companies took the lead in disclosing the pre increase of performance in 2021. The estimated net profit of Citic Securities Company Limited(600030) leading securities companies is no less than 17.645 billion yuan; Zheshang Securities Co.Ltd(601878) the net profit is expected to grow steadily; Central China Securities Co.Ltd(601375) it is expected that the year-on-year increase of net profit can reach 436.9%. It can be seen that in 2021, driven by the continuous improvement of multi-level capital market, the steady progress of basic system reform and active market trading, the performance of listed securities companies continued to maintain a bright growth trend.
China’s SME development index rose for two consecutive months
On January 10, the China Association of small and medium-sized enterprises released data showing that the development index of China’s small and medium-sized enterprises in December 2021 was 86.4, an increase of 0.1 point over the previous month, rising for two consecutive months. The analysis of the China Association of small and medium-sized enterprises pointed out that last year, a series of national policies to boost economic vitality, reduce taxes and fees, and provide financial support to small, medium-sized and micro enterprises were successively implemented and effective; The effect of cross cycle macro-control is also gradually emerging, which helps to smooth the industrial chain and supply chain and stabilize the market expectations of small and medium-sized enterprises.
Experts: it is difficult to change the trend of foreign capital increasing its holdings of Chinese bonds
On January 7, the non farm employment report for December 2021 released by the U.S. Department of labor showed that the non farm employment population increased by 190000 in December 2021, with the former value of 210000, the smallest increase since January 2021, far less than the market expectation. However, in December 2021, the U.S. unemployment rate fell to 3.9%, the lowest since February 2020.
people’s daily
Improve building energy efficiency and help low-carbon development
The construction industry is one of the key industries for energy conservation and carbon reduction. By the end of 2020, the total green building area in China has exceeded 6.6 billion square meters, making outstanding contributions to reducing carbon emissions. To improve the level of building energy efficiency, we should accelerate the updating of standards for building energy conservation and municipal infrastructure, improve the requirements for energy conservation and carbon reduction, and release the potential for energy conservation and carbon reduction in the construction field.
21st Century Business Herald
The national standing committee decided to “speed up and expand” procurement with volume: where is the way for enterprises when the 2022 centralized mining storm strikes?
With the centralized purchase entering the institutionalization and normalization implementation stage, centralized purchase has become the biggest policy variable affecting the development of the pharmaceutical industry. Whether to win the bid for centralized mining will become a watershed for enterprise development. However, centralized procurement is also a double-edged sword, which is not good for all bid winning enterprises. Now, the state once again promotes the normalization, institutionalization and speed-up expansion of centralized volume procurement. How will enterprises respond to the new situation of centralized mining?
Breaking out, counterattack and entering the bureau are the key moments for new energy vehicles to enter the qualification competition
In 2021, Tesla‘s global sales approached the million mark, Byd Company Limited(002594) firmly aimed at the title of Shanxi Guoxin Energy Corporation Limited(600617) car champion, “Wei Xiaoli” crossed the life and death line and was only one step away from the goal of annual sales of 100000 vehicles. Xiaomi, Baidu, apple, Huawei and Foxconn are ready to go. Traditional automobile giants Volkswagen, Toyota, Honda, Mercedes Benz, BMW and Audi are accelerating the layout of new energy vehicle products. At a time of frequent changes in the pattern, the competition in the new energy vehicle market will become more and more fierce in 2022.
first finance
What is the difference between this round of “infrastructure wind”
The “seesaw” market of the high and low valuation sector is almost the same as that in early 2021, which is mainly caused by the two expectations of institutions for the high valuation track and the low valuation sector, that is, the performance of high stocks is “no matter how good or difficult to exceed expectations”, and the performance of low stocks is “no matter how poor it is, it is difficult to be lower than expectations”.
The prices of these consumer goods have risen one after another. How will CPI go this year?
Affected by the rising cost of raw materials, since the second half of last year, the subdivided industries of consumer goods such as beer, condiment, snack food and quick-frozen food have announced price increases in turn, which has aroused the market’s concern about rising prices.
economic reference daily
Intensive construction institutions of major projects are optimistic about the market of “large infrastructure”
Since the beginning of the year, the relevant sectors of “big infrastructure” in the capital market have been active again. The central economic work conference clearly proposed that the economic work in 2022 should be “stable and seek progress while maintaining stability”. Based on this, the current market’s expectation of stable growth of infrastructure at the beginning of the year continues to heat up. Institutions generally expect that the implementation speed of infrastructure projects in 2022 will be significantly faster than that in 2021, and are optimistic about the “big infrastructure” market at the beginning of the year. Among them, “new infrastructure” may become an important growth point in the new year. In the future, photovoltaic, wind power and energy storage may become the main investment fields of green power assets.
Speed up and expand the reform of centralized belt procurement of pharmaceutical consumables
The executive meeting of the State Council held on January 10 pointed out that in recent years, the reform of centralized procurement of drugs and high-value medical consumables has been continuously promoted, and the market-oriented mechanism has effectively squeezed the falsely high medical prices. By the end of last year, a total of 260 billion yuan of medical insurance and patient expenditure had been saved. At the same time, it has also promoted pharmaceutical enterprises to devote more energy to product research and development and improve quality. Next, we should promote the normalization and institutionalization of centralized volume procurement, speed up the expansion, and continue to reduce pharmaceutical prices to benefit patients.
(source: China stock market news research center)
