Macro strategy Daily: Shenzhen Reform Commission deliberated and adopted five policy documents to promote high-quality development

Asset performance and capital changes:

The top five prices of Chinese commodities: stainless steel 3.94%, Shanghai nickel 3.26%, Douer 2.79%, glass 2.53% and soybean meal 2.24%; Coking coal - 4.06%, coke - 3.83%, iron ore - 3.66%, ferrosilicon - 2.47%, LPG - 2.07% precipitation capital inflow and outflow top five (100 million yuan): Shanghai copper 3.15, soybean oil 2.56, soybean meal 1.99, Shanghai nickel 1.68, corn 1.54; Inflow and outflow of precipitation funds from iron ore -3.84, crude oil -3.20, soda ash -3.02, coke -1.70 and coking coal -1.40 sectors (100 million yuan): nonferrous metals 11.62, Shenzhen Agricultural Products Group Co.Ltd(000061) 7.91, precious metals -1.53, black building materials -6.27 and energy and chemical industry -10.52

Important news and economic data:

On the afternoon of Xi Jinping April 19, President of the people's Republic of China presided over the 25th meeting of the Central Committee for comprehensively deepening reform, deliberated and adopted the guiding opinions on strengthening the construction of digital government, the guiding opinions on further promoting the reform of the financial system below the provincial level, and the opinions on establishing and improving the audit and evaluation index system for the departure of leading cadres' natural resource assets Work plan for improving the financial support innovation system during the 14th Five Year Plan period and several opinions on improving the incentive mechanism of science and technology.

The leading group of the State Council on logistics maintenance held the first meeting of the commander in chief (plenary), emphasizing the need to jointly pay attention to the rectification of excessive prevention and control and make every effort to ensure the smooth and orderly traffic network. IMF: reduce the global economic growth expectation in 2022 from 4.4% to 3.6%, reduce the growth expectation in 2023 from 3.8% to 3.6%, and raise the global inflation expectation.

The annualized total number of new housing starts in the United States in March was 1.793 million, with an expected 1.745 million. The previous value of 1.769 million was revised to 1.788 million.

Risk tip: the decline of China's real estate and the intensification of overseas geographical conflicts

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