daily selection
China Banking and Insurance Regulatory Commission: China Banking and Insurance Regulatory Commission and the Ministry of transport issued opinions on the banking and insurance industry supporting the high-quality development of highway transportation, and encouraged insurance institutions to participate in the construction of major highway transportation infrastructure, new transportation infrastructure and other projects through creditor’s rights, equity, combination of equity and debt, asset support plan and private fund. [details]
Beijing Business Daily: in response to the recent public opinion on Lianhua Qingwen products, Shijiazhuang Yiling Pharmaceutical Co.Ltd(002603) ( Shijiazhuang Yiling Pharmaceutical Co.Ltd(002603) ) said on the interactive platform on April 20 that the company had retained the evidence and reported the case to the relevant departments. According to the company’s self-examination, no one in the company has accepted the two media interviews mentioned in the video released by a microblog from the media, and has not said on any occasion that the WHO recommends Lianhua Qingwen. The company will continue to track the development of the situation. For some acts of slandering the company and publishing false information, the company has retained evidence and reported to relevant departments, and will safeguard its legitimate rights and interests through legal means. [details]
interface news: according to the news of China Central Television, Li Keqiang presided over the executive meeting of the State Council. The meeting pointed out that we should promote the transformation of coal-fired power units and improve energy efficiency. The scale of transformation in the whole year exceeded 220 million kW. Nuclear power should be developed in an orderly manner under the premise of strict supervision and ensuring absolute safety. The three new nuclear power unit projects that have been comprehensively evaluated and reviewed and incorporated into the national plan shall be approved. [details]
macro economy
Ministry of Finance: in the first quarter, the national general public budget revenue was 6203.7 billion yuan, an increase of 8.6% year-on-year. Among them, the central general public budget revenue was 2894.9 billion yuan, a year-on-year increase of 7.6%; The local general public budget revenue at the same level was 3308.8 billion yuan, a year-on-year increase of 9.5%. The national tax revenue was 5245.2 billion yuan, a year-on-year increase of 7.7%; Non tax revenue was 958.5 billion yuan, a year-on-year increase of 14.2%. [details]
CCTV news client: recently, the central network information office, the Ministry of agriculture and rural areas, the national development and Reform Commission, the Ministry of industry and information technology and the National Bureau of Rural Revitalization jointly issued the key points of digital rural development in 2022. The “key points of work” defines the work goal: by the end of 2022, new and greater progress will be made in the construction of digital countryside. Digital technology has provided strong support, the basic agricultural market has become more stable, and the achievements in poverty alleviation have been further consolidated. The construction of rural digital infrastructure continued to advance, 5g network covered key towns and some key administrative villages, and the Internet penetration rate in rural areas exceeded 60%. [details]
Energy Administration: according to the data of the national energy administration, as of the end of March, the installed capacity of power generation in China was about 2.4 billion kw, a year-on-year increase of 7.8%. Among them, the installed capacity of wind power was about 340 million KW, a year-on-year increase of 17.4% Cecep Solar Energy Co.Ltd(000591) installed power generation capacity was about 320 million KW, an increase of 22.9% year-on-year. [details]
financial Associated Press: the general office of Shanghai Municipal People’s government issued the implementation plan for the standardization of urban digital transformation in Shanghai, aiming to release more than 100 local and group standards for urban digital transformation by the end of 2023, lead or participate in the formulation of more than 50 international and national standards, form more than 15 “Shanghai standards” and promote more than 50 pilot projects of urban digital transformation standardization, Effectively support the digital transformation of Shanghai. [details]
industry trends
China News Network: 20, the Department of agriculture and rural areas of Sichuan Province held a news briefing on the work of stabilizing the yield and ensuring the price of pigs. At the meeting, the rural work leading group of the CPC Sichuan Provincial Committee recently issued the seven measures to promote stable production and price of pigs in Sichuan Province, and made arrangements for relevant work. In terms of the collection and storage of pork reserves, the measures require the immediate start of the temporary collection and storage of provincial frozen pork. It is worth mentioning that the measures also propose to encourage canteens such as schools, factories, groups and enterprises to increase pork procurement. Areas with conditions can explore the issuance of pork or pork product consumption vouchers to promote the improvement of pork consumption capacity. [details]
China Central Television finance and Economics: recently, international grain prices have risen sharply, and China’s grain supply and demand situation has attracted special attention. On the morning of the 20th, the market early warning Expert Committee of the Ministry of agriculture and rural areas issued the China agriculture outlook report, which showed that China’s grain production will grow steadily in 2022. Among them, the report predicts that the national soybean output will increase significantly in 2022, reaching 20.63 million tons, an increase of 25.8% over last year. According to the analysis of the report, in the next 10 years, China’s comprehensive grain production capacity will continue to improve, the sowing area will increase slightly, and the per unit yield level will increase rapidly; Grain output has increased rapidly. It is expected that the grain self-sufficiency rate will increase to 88.1% in 2031. [details]
financial Associated Press: on 20, Huawei’s consumer business was officially renamed Huawei’s terminal business and entered the commercial field in an all-round way. Huawei’s terminal business aims at the government and large enterprises. It will tailor solutions, provide open capacity and system customization services, and meet the scenario needs of different industries, such as government and enterprise daily / travel and office, paperless conference system, school computer classroom teaching management, energy miners’ safe operation watch transformation, etc. [details]
chinanews: how much investment does China need to achieve carbon neutrality? Liu Qiao, Dean of Guanghua School of management of Peking University, predicted that this figure would be more than 250 trillion yuan (RMB) when attending the 2022 annual meeting of Boao Forum for Asia on the 20th. In the process of carbon neutralization, Liu Qiao believes that there are two key points. First, we should form a carbon price discovery mechanism as soon as possible. Second, give play to the positive role of fiscal policy. [details]
stock market focus
financial Associated Press: as the leader of photovoltaic inverter, Sungrow Power Supply Co.Ltd(300274) has fallen by more than 50% in the year. The data show that 13 funds have disclosed their positions in the stock by the end of the first quarter; The 2021 annual report shows that 1137 funds in the market hold the shares, involving more than 110 public funds, with a total number of 314 million shares, with a stock market value of 45.784 billion yuan, accounting for 28.65% of the outstanding shares.
[details]
Securities Times: on April 20, at the 2022 annual meeting of Boao Forum for Asia, I was asked whether A-Shares would be required to disclose ESG reports? Fang Xinghai, vice chairman of China Securities Regulatory Commission, said that at present, the CSRC is based on the requirement of disclosing ESG information on a voluntary basis, but it has not been required to synchronize the international ESG standards or mandatory disclosure. This is the next step. Fang Xinghai said that the ESG disclosure standards of listed companies need to be reasonably promoted by multiple departments. ESG disclosure standard is one of the specific measures to achieve “3060”. Different from some government mandatory requirements, ESG disclosure standard is promoted by market forces, which will realize more effective allocation of resources. [details]
Securities Times: the development progress of lithium resources in China has accelerated, and the development plan of lithium mine in jinar lake, West Taiwan, Qinghai has been reviewed. At the same time, the lithium extraction technology of China Science and Technology University has made a breakthrough, and the purity of lithium extracted directly from salt lake brine has reached battery level. Since the concept of lithium extraction from Salt Lake reached a high point last year, the retreat range is relatively high this year. According to the statistics of data treasure, Tibet Urban Development And Investment Co.Ltd(600773) , Wave Cyber (Shanghai) Co.Ltd(688718) , Tibet Summit Resources Co.Ltd(600338) and other stocks fell by more than 40% during the year. Among the typical lithium extraction concept stocks, only Sichuan Yahua Industrial Group Co.Ltd(002497) rose during the year. However, affected by the continuous breakthrough of lithium carbonate price, the performance of relevant companies increased explosively in 2021. [details]
China Securities News: on April 20, JP Morgan said that focusing on the A-share market, after the adjustment in the first quarter, with the support of policies and liquidity, A-shares have good investment performance price ratio and increased structural opportunities in the medium and long term. We can focus on high-quality growth stocks and stable growth sectors. [details]
subscription of new shares: none
new bond subscription: leizhi convertible bond
IPO: CNOOC, Zhongyi technology, Jiarong Technology
new bond listing: Shanshi convertible bond
corporate news
Beijing Sanfo Outdoor Products Co.Ltd(002780) : intends to acquire part of the equity of Eagle Sports and increase capital to hold shares
Shanghai Shibei Hi-Tech Co.Ltd(600604) : rent reduction for non-state-owned small and micro enterprises and individual industrial and commercial households is expected to not exceed 100 million yuan
China Telecom Corporation Limited(601728) : first quarter net profit of 7.223 billion yuan, an increase of 12.14% year-on-year
Eyebright Medical Technology(Beijing) Co.Ltd(688050) : first quarter net profit of 58.69 million yuan, an increase of 63% year-on-year
Panda Dairy Corporation(300898) : first quarter net profit is expected to decrease by 17% – 25% year-on-year
Skyworth Digital Co.Ltd(000810) : first quarter net profit of 208 million yuan, with a year-on-year increase of 33.74%
Han CNC: first quarter net profit of 183 million yuan, an increase of 94.01%
Asymchem Laboratories (Tianjin) Co.Ltd(002821) : first quarter net profit 499 million yuan, an increase of 223.59%
Shanghai Fullhan Microelectronics Co.Ltd(300613) : Langhan company plans to continue to reduce its shares by no more than 6%
Cig Shanghai Co.Ltd(603083) : kangyiqiao plans to reduce its holdings by no more than 4%
Beijing Ctrowell Technology Corporation Limited(300455) : Aerospace investment plans to reduce its shares by no more than 3%
Fujian Yuanli Active Carbon Co.Ltd(300174) : intends to repurchase shares with RMB 60 million to RMB 80 million
st egger: Shenzhen Stock Exchange decided to terminate the listing of the company’s shares without delisting and consolidation period
Yango Group Co.Ltd(000671) : there are matters with a total amount of about 10.402 billion yuan, which are under negotiation with financial institutions
data list
Shanghai and Shenzhen Stock Markets: on April 20, the three major indexes opened low and fluctuated downward. As of the close, the Shanghai index fell 1.35%, the Shenzhen composite index fell 2.07% and the gem index fell 3.66%. On the disk, tourism hotels, logistics, beauty care and other sectors led the increase; Precious metals, real estate development, coal and other sectors led the decline. Large consumer sectors such as food and beverage, wine making and prefabricated vegetables rose across the board, with Shandong Huifa Foodstuff Co.Ltd(603536) , Kuaijishan Shaoxing Rice Wine Co.Ltd(601579) , Better Life Commercial Chain Share Co.Ltd(002251) trading limits. More than 1300 stocks rose in the two cities.
Hong Kong stocks: Hong Kong stocks rose and fell. Hong Kong’s Hang Seng Index fell 0.4% and Hang Seng technology index fell 0.54%. Real estate, nonferrous metals, energy and other sectors led the decline, with Minmetals resources down more than 10%, country garden and China Resources Land down more than 6%, and Yankuang energy down more than 8%.
Shanghai Shenzhen Hong Kong stock connect: BEIXIANG capital sold 5.288 billion yuan today China Merchants Bank Co.Ltd(600036) , China stock market news and Sungrow Power Supply Co.Ltd(300274) received net sales of 982 million yuan, 818 million yuan and 459 million yuan respectively Kweichow Moutai Co.Ltd(600519) net purchases topped the list, amounting to 537 million yuan.
dragon and tiger list: on April 20, the largest net capital inflow was Sanquan Food Co.Ltd(002216) , with a net purchase of 160 million yuan on the third day. Data show that the stock closed within the daily limit, rising 18.69% in three days. The net inflow of funds into the top Shenzhen Stock connect seats, with a net purchase of 155 million yuan on the third day. A total of 34 stocks were involved in the institutional participation in the dragon and tiger list, of which 18 were net bought by the institution, and Better Life Commercial Chain Share Co.Ltd(002251) was the most bought, amounting to 262468 million yuan. In addition, 16 shares were net sold by institutions, and Jinke Property Group Co.Ltd(000656) was sold the most, amounting to 703198 million yuan.
margin trading : as of April 19, the balance of Shanghai and Shenzhen stock markets was 1627931 billion yuan, a decrease of 1.651 billion yuan compared with the previous trading day.
Among them, the financing balance was 154073 billion yuan, a decrease of 947 million yuan compared with the previous trading day; The balance of securities lending was 87.858 billion yuan, a decrease of 704 million yuan compared with the previous trading day.
Shibor : Shibor reported 1.3030% overnight, up 0.9 basis points; Shibor reported 1.9370% in seven days, up 13.6 basis points; Three month Shibor reported 2.3230%, down 0.4 basis points
foreign exchange
On April 20, the central parity rate of RMB was reported at 6.3996, down 276 points, and the central parity rate of the previous trading day was reported at 6.372 The onshore RMB closed at 6.4153 against the US dollar at 16:30, down 375 basis points from the previous trading day
property market observation
financial Associated Press: reporters learned on the 20th that after the banks of Liaocheng, Weifang and Jining cut the individual housing loan interest rate last week, the housing loan interest rate of Zibo, Dongying, Heze, Zaozhuang and Binzhou also decreased this week. The loan interest rate of the first house in these areas has generally decreased to about 5% – 5.1%, and the loan interest rate of the second house has decreased to about 5.2%, ranging from 20-50 basis points (BP). It is understood that the first house loan interest rate of some high-quality customers of banks can be as low as 4.9%. [details]
surging news: on April 20, surging news learned from Yancheng housing provident fund management center in Jiangsu province that recently, Yancheng adjusted the housing provident fund loan policy. If all family members meet the loan conditions, the maximum loan limit is adjusted from 400000 yuan to Shanghai Pudong Development Bank Co.Ltd(600000) yuan; If only one person meets the loan conditions, the maximum loan limit shall be adjusted from 200000 yuan to 300000 yuan. [details]
International Information
financial Associated Press: Schaeffler, Germany’s fifth largest parts supplier, announced this week that it had signed a five-year rare earth supply agreement with reetec, a Norwegian rare earth separation company. This agreement is also the first time in public reports that European auto suppliers or carmakers purchase rare earths from Europe. As the fifth largest auto parts manufacturer in Germany, Schaeffler is also a leading enterprise in the bearing field, supplying components for Volkswagen, GM, Toyota and other car manufacturers. [details]
china News Network: boao forum for Asia annual meeting 2022 released the report “Asia and the world of sustainable development – green transformation in Asia”, which said that Asian countries are actively taking actions to promote green and low-carbon transformation. By the end of 2021, 25 of the 47 Asian countries had made carbon neutrality commitments. [details]
futures market
China Futures: China commodity futures closed, with most varieties falling, coking coal falling by more than 4%, crude oil and coke falling by more than 3%, peanut and Shanghai Bank falling by more than 2%, methanol and stainless steel falling by more than 1%, peanut and sugar falling slightly; Soybean meal rose by more than 2%, starch and styrene rose by more than 1%, and corn and rapeseed meal rose slightly.
International Futures: WTI crude oil futures closed up 0.19% to US $102.75/barrel; Brent crude oil futures fell 0.42% to US $106.8/barrel. COMEX June gold futures fell 0.2% to $195540 / ounce
overseas index
U.S. stock market: the three major U.S. stock indexes ended mixed, with the Dow up 0.72%, the S & P 500 down 0.06% and the NASDAQ down 1.22%. The pharmaceutical and insurance sectors were among the top gainers.
European stock markets: European stocks closed generally higher, with Germany’s DAX30 index up 1.47%, Britain’s FTSE 100 index up 0.38% and France’s CAC40 index up 1.38%.
Asia Pacific Stock Market: april 20, the Nikkei 225 index closed up 241.91 points, or 0.9%, at 272270 points. South Korea’s Kospi index closed down 0.20 points, or 0.01%, at 271869.
