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stock market situation
the four major departments of securities and finance spoke on the same day! Actively support the smooth operation of the capital market 123; attract more securities investment
On April 22, the people’s Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and the State Administration of Foreign Exchange respectively conveyed, studied and implemented the spirit of the special meeting of the financial commission of the State Council, and studied and deployed the next work. The content of the meeting mentioned key topics of market concern such as capital market, monetary policy and foreign exchange reform.
Industry experts said that looking forward to the follow-up, China’s economy and finance maintain good toughness and vitality, and the long-term fundamentals will not change. The multi sectoral communication, study and implementation of the spirit of the special meeting of the financial commission of the State Council will effectively guide market expectations and boost market confidence.
the central bank studies the opinions and measures to further improve financial support for steady growth: maintaining market stability and economic stability
On the afternoon of April 22, the people’s Bank of China convened the Party committee to study and convey the spirit of important meetings and instructions of the Party Central Committee and the State Council, implement the work deployment of the financial commission of the State Council, analyze and judge the current economic and financial situation and study the next financial work. The meeting proposed that the people’s Bank of China should implement a sound monetary policy, maintain reasonable and sufficient liquidity, promote the reduction of comprehensive financing costs, and provide a good monetary and financial environment for the overall prevention and control of the epidemic and economic and social development. Attach great importance to and vigorously support agricultural production and the smooth production and supply of important energy sources such as coal, oil and natural gas, and maintain basic price stability. We will give full play to the dual functions of the total amount and structure of monetary policy, implement various financial policies and measures to stabilize enterprises and ensure employment, and focus on supporting small and micro enterprises and difficult industries and vulnerable groups affected by the epidemic.
RARE! The Securities Regulatory Commission makes a sound! Yi Gang also stated that positive factors converge a shares market people have firm confidence
On April 22, Yi Huiman, Secretary of the Party committee and chairman of the CSRC, presided over the Party committee (expansion) meeting to convey and study the deployment of the special meeting of the financial committee of the State Council on the morning of April 22 on implementing the spirit of the recent important meeting of the Party Central Committee on economic and social work, analyzed the key and sensitive issues concerned by the current market, studied response measures and policy reserves, and re implemented and promoted the relevant arrangements of the financial committee of the State Council. The meeting stressed the need to respond to market concerns in a timely manner, guide market expectations, stimulate market vitality and potential, further improve market resilience and promote the stable and healthy operation of the capital market.
CBRC: support the improvement and rigid housing demand actively support the smooth operation of the capital market
On April 22, the Party committee of China Banking and Insurance Regulatory Commission held a meeting to deeply study and implement the instructions of the CPC Central Committee, implement the requirements of the special meeting of the financial commission of the State Council, study and analyze the current economic and financial situation, and arrange and deploy the key work in the next stage. The meeting stressed the need to further enhance and improve financing supply and strive to promote a virtuous cycle of the national economy. First, increase the rescue efforts for market players, and strengthen credit support and insurance guarantee for industries and small, medium and micro enterprises greatly affected by the epidemic. Second, improve the financial service level of new citizens, strengthen financial support for regions and industries that attract more new citizens, and effectively meet the financial needs of new citizens in terms of entrepreneurship and employment, house purchase and housing, education and training, medical care and pension. Third, cooperate with the issuance of local government special bonds and project supporting financing, and support the acceleration of major project projects and urban and rural infrastructure construction. Fourth, improve the financial support innovation system, guide financial institutions to increase medium and long-term loans to the manufacturing industry, and encourage banking and insurance institutions to better serve key core technology breakthrough enterprises and “specialized and special new” enterprises. Fifth, optimize financial support for key areas of consumption and promote more targeted expansion of consumption. Sixth, fully support the smooth transportation of freight logistics, do a solid job in financial support of energy supply, and effectively ensure the safety and stability of the industrial chain and supply chain. Seventh, continue to improve the long-term mechanism of “stabilizing land prices, house prices and expectations”, support the improvement and rigid housing demand, and promote the virtuous circle and healthy development of the real estate industry. Eighth, actively support the smooth operation of the capital market, promote the two-way flow of capital, and attract more foreign direct investment and securities investment. Ninth, adhere to the “two unwavering”, set up red lights and green lights, and promote the healthy development of the platform economy. Ten is to hold the bottom line of no systemic financial risk. Make good use of the special bonds of local governments to supplement the capital of small and medium-sized banks. Further enrich the financial stability guarantee fund, build a national financial safety net, and timely implement risk disposal to ensure economic and social stability.
RMB exchange rate plummeted? The foreign exchange bureau is making a big noise! The stock market also made a collective response
On April 22, Wang Chunying, deputy director and spokesman of the State Administration of foreign exchange, said at the press conference on “foreign exchange revenue and expenditure data in the first quarter of 2022” held by the state information office that in recent years, the flexibility of RMB exchange rate has been continuously enhanced, which has timely and effectively released external pressure, market expectations have remained stable, and transactions in the foreign exchange market are rational and orderly. At present, the foreign exchange deposits of domestic entities are more than 700 billion US dollars, which is also an all-time high. Enterprises usually choose the opportunity to settle foreign exchange. The rational trading behavior of “settling foreign exchange at high prices and buying foreign exchange at low prices” can effectively suppress some exchange rate adjustments and contribute to the overall stability of the RMB exchange rate and the smooth operation of the foreign exchange market. In addition, from the current indicators related to derivatives such as RMB foreign exchange forwards and options, there is no implicit expectation of appreciation or depreciation.
With the increase of domestic stock market volatility since March, the market has paid more attention to the cross-border capital flow under securities investment. Wang Chunying revealed that the latest data showed that the net outflow of foreign capital under bonds and stocks in late March decreased by 39% and 44% month on month compared with the middle of March, and the outflow scale decreased; It has eased further since April, and the inflow has resumed in some trading days. She stressed that the phased adjustment of China’s cross-border securities investment is a natural response of the market, which has not changed the overall equilibrium pattern of China’s cross-border capital flow, nor can it represent the long-term investment willingness of foreign capital. With the market’s digestion of some short-term factors and the release of expectations, overseas institutions’ investment in China’s securities will return to a steady state, and long-term value investment is still the main consideration
popular companies
guanxuan Byd Company Limited(002594) to buy back no less than 18 billion! No more than 12000 23456 employees free of charge
On April 22, Byd Company Limited(002594) ( Byd Company Limited(002594) ) disclosed that the company plans to buy back shares for the employee stock ownership plan. It is estimated that the repurchase amount will not exceed 1.85 billion yuan, not less than 1.8 billion yuan, and the repurchase price will not exceed 300 yuan / share.
On the same day, Byd Company Limited(002594) simultaneously disclosed the 2022 employee stock ownership plan (Draft). The announcement showed that the total number of people participating in the employee stock ownership plan would not exceed 12000. The employee stock ownership plan would transfer the company’s shares to be repurchased by the company through non transaction transfer and other ways permitted by laws and regulations. The transfer price was 0 yuan / share, and the participants did not need to contribute.
A 600 million yuan
On April 22, the share price of CNOOC (600938. SH) fluctuated upward after opening high, and then the share price soared to the limit. In fact, CNOOC just landed in A-Shares on April 21, and its share price instantly rose to 15.55 yuan, up 44%, once triggering a temporary stop.
The IPO price of CNOOC is determined to be 10.80 yuan. According to the announcement, CNOOC issued 2.6 billion shares this time. After the call back, the winning rate of this online issuance is 0.43%, and the effective subscription multiple is 234.21 times. Data show that among the more than 100 new shares listed so far this year, 0.43% of CNOOC’s new shares have the highest winning rate.
In addition, on the evening of April 18, CNOOC disclosed the issuance results. The number of shares subscribed by online investors was 1360142222, and the number of shares subscribed by online investors was 22425778. Based on this calculation, the proportion of abandonment was about 1.62%. It is worth noting that while investors abandoned their purchases, CNOOC was bought by institutions on the first day of listing. After hours data on April 21 showed that the three institutions bought a total of 1.178 billion yuan, of which the institutions that bought a seat bought more than 700 million yuan; Three institutions sold 220 million yuan.
intends to reduce the repurchase shares and apologize for the loss in advance Better Life Commercial Chain Share Co.Ltd(002251) has become a “step-by-step pit”
Recently, the market leader Better Life Commercial Chain Share Co.Ltd(002251) 4 was hit by funds after a short rise on April 22, blocking the limit. According to the data of the dragon and tiger list in the past two days, Better Life Commercial Chain Share Co.Ltd(002251) was sold by institutions and northbound funds on a large scale. It can be seen from the dragon and tiger list data on that day that Better Life Commercial Chain Share Co.Ltd(002251) was bought by the special seat of Shenzhen Stock connect for 473304 million yuan and sold for 167 million yuan, with a net sale of Better Life Commercial Chain Share Co.Ltd(002251) 120 million yuan, which is the main force of smashing the market.
To make matters worse, after the stock price fell by the limit, Better Life Commercial Chain Share Co.Ltd(002251) issued a performance pre loss announcement, which dealt a blow to the investors holding the stock Better Life Commercial Chain Share Co.Ltd(002251) said that the company originally expected that the operating performance in 2021 was not within the scope of performance forecast disclosure, so the company did not disclose the performance forecast in 2021 before the end of January 2022. With the deepening of the audit work, due to the partial deviation between the accounting judgment of some business activities of the company and the original prediction, such as the partial deviation between the accounting judgment of the recognition of REITs issuance investment income and goodwill impairment of Jinxing Road Plaza and the original estimation, the company suffered a loss in 2021 after being confirmed by the accountant. The estimated net profit loss is 170 million yuan – 210 million yuan.
It is worth mentioning that before that, Better Life Commercial Chain Share Co.Ltd(002251) announced that it planned to reduce its holdings of repurchased shares, which also triggered hot discussion in the market. On April 18, Better Life Commercial Chain Share Co.Ltd(002251) issued an announcement on the sale of repurchased shares. The board of directors agreed to reduce the company’s repurchased shares (used for 12578500 shares necessary to maintain the company’s value and shareholders’ rights and interests), and the proposed reduction accounted for 1.456% of the total share capital.
Sungrow Power Supply Co.Ltd(300274) external directors lost contact! Social security funds fled in advance these funds increased their positions against the trend
On April 22, Sungrow Power Supply Co.Ltd(300274) announced that the company tried to get in touch with the external director Liu Zhen many times before and after the latest board meeting, but could not get in touch with him. After further confirmation with Liu Zhen’s spouse, Liu Zhen is currently in a state of loss of contact due to his personal reasons.
The announcement shows that Mr. Liu Zhen is an external director of the Fourth Board of directors of the company, does not hold any position in the company other than the director, and does not participate in the daily production, operation and management of the company. As of the disclosure date of this announcement, the remaining 7 directors of the board of directors of the company have performed their duties normally, including 3 independent directors, meeting the minimum quorum. The above matters will not affect the normal work of the board of directors and the daily production and operation of the company.
It is noteworthy that in the first quarter of this year, the national social security fund 416 portfolio and GF double engine upgrading fund both withdrew from the list of top 10 shareholders. However, several funds chose to increase their positions against the trend. GF high-end manufacturing fund, GF science and technology pioneer fund and GF industry strictly selected fund each increased their holdings of 876600 shares, 234400 shares and 680500 shares. In addition, Huatai Bairui fund and Tianhong fund also have one photovoltaic industry index fund, which has entered the list of Sungrow Power Supply Co.Ltd(300274) top ten shareholders.
Tahoe Group Co.Ltd(000732) “performance thunder” blew up!
Tahoe Group Co.Ltd(000732) ( Tahoe Group Co.Ltd(000732) ) in the deep whirlpool blew “performance thunder” again. On April 22, Tahoe Group Co.Ltd(000732) revised down the performance forecast for 2021, with an estimated loss of 3.5 billion yuan – 4.6 billion yuan. Looking back to the end of January this year, the company also expected a profit of 101 million yuan to 132 million yuan.
With only one week left before the official disclosure date of the annual report, Tahoe Group Co.Ltd(000732) however, the company suddenly significantly revised the performance. The company explained that: the assets with signs of impairment as of December 31, 2021 were reassessed, the impairment losses of relevant assets were additionally accrued, and the corresponding estimated liabilities were accrued according to the latest litigation progress after the disclosure of the performance notice.
For Tahoe Group Co.Ltd(000732) the “change of face”, the most sad is the more than 50000 shareholders. As of the closing on April 22, Tahoe Group Co.Ltd(000732) share price fell to 2.49 yuan / share, with the latest total market value of 6.2 billion yuan. Some netizens commented on huge losses, “almost lost all the market value!”
financial direct attack
National Bureau of Statistics: GDP in the first quarter increased by 4.8% year-on-year the national economy generally started smoothly
According to preliminary accounting, China’s GDP in the first quarter was 270178 billion yuan, 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%.
central bank and safe issued 23 measures to do a good job in epidemic prevention and control and financial services for economic and social development
In order to thoroughly implement the decision and deployment of the CPC Central Committee and the State Council on coordinating epidemic prevention and control and economic and social development, as well as the requirements of 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 (hereinafter referred to as the notice), from supporting the relief of the subject in distress, unblocking the national economic cycle In three aspects of 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.
individual pension system: the upper limit of contribution per person per year is 12000 yuan
According to the opinions of the general office of the State Council on promoting the development of individual pension, the upper limit of participants’ annual payment of individual pension is 12000 yuan. The Ministry of human resources and social security and the Ministry of Finance shall timely adjust the upper limit of payment according to the level of economic and social development and the development of multi-level and multi pillar endowment insurance system. The funds in the personal pension fund account are used to purchase financial products that meet the preferences of different investors, such as bank financial management, savings deposits, commercial endowment insurance, public funds and other financial products with safe operation, maturity and stability, standardized target and focus on long-term preservation. Participants can choose independently.
two ministries and commissions: comprehensively build a strong chemical fiber country by 2025 year
According to the Ministry of industry and information technology on April 21, the Ministry of industry and information technology and the national development and Reform Commission recently jointly issued the guiding opinions on the high-quality development of chemical fiber industry (hereinafter referred to as the opinions). According to the opinions, by 2025, the industrial added value of chemical fiber enterprises above Designated Size will increase by 5% annually, and the proportion of chemical fiber output in the world will be basically stable. Form a number of leading enterprises with strong competitiveness, build a high-end, intelligent and green modern industrial system, and build a chemical fiber power in an all-round way
fund trends
“ningwang” won 1914 funds with heavy positions! Latest exposure of heavy positions of public funds
With the disclosure of the first quarterly report of the fund, the overall heavy positions of public funds as of the end of the first quarter also surfaced. The reporter noted that 8 of the top 10 stocks in the overall heavy positions of the fund had increased their positions. In terms of holding market value, Kweichow Moutai Co.Ltd(600519) ranks first, with a holding market value of more than 161.2 billion yuan, followed by Contemporary Amperex Technology Co.Limited(300750) but in terms of the number of funds held, a total of 1914 funds hold Contemporary Amperex Technology Co.Limited(300750) , exceeding the number of funds held Kweichow Moutai Co.Ltd(600519) .
public fund’s first quarter operation decryption 1019 stocks received 5 consecutive held 23456 quarters
According to the data, as of the closing on April 22, 2057 A shares were held by the public fund at the end of the first quarter of this year. From the perspective of the total market value of holdings, Kweichow Moutai Co.Ltd(600519) , Contemporary Amperex Technology Co.Limited(300750) , Wuxi Apptec Co.Ltd(603259) , Longi Green Energy Technology Co.Ltd(601012) , China Merchants Bank Co.Ltd(600036) and other five shares ranked among the top five in the market value of shares held by the public fund at the end of the first quarter, with the market value of positions exceeding 50 billion yuan.
In terms of the proportion of tradable shares held, 476 heavily held shares held by the public offering fund at the end of the first quarter accounted for 5% or more, of which 6 shares including Amlogic (Shanghai) Co.Ltd(688099) , Porton Pharma Solutions Ltd(300363) , Ja Solar Technology Co.Ltd(002459) , Sg Micro Corp(300661) , Zhejiang Ssaw Boutique Hotels Co.Ltd(301073) , Huali Industrial Group Company Limited(300979) , etc. held by the fund exceeded 30%.
From the perspective of position change, 1252 individual stocks obtained additional positions of public funds in the first quarter. In terms of newly acquired shares, 411 individual shares were newly acquired by public funds, among which, the number of newly acquired shares of 5 individual shares, including Jingke energy, Shanxi Coal International Energy Group Co.Ltd(600546) , Anhui Hengyuan Coal Industry And Electricity Power Co.Ltd(600971) , Shenzhen Jufei Optoelectronics Co.Ltd(300303) , Hunan New Wellful Co.Ltd(600975) , exceeded 30 million in the first quarter; In terms of additional shares, 841 individual shares were additional shares, among which the number of additional shares held by individual stock funds such as China National Nuclear Power Co.Ltd(601985) , China State Construction Engineering Corporation Limited(601668) , Zijin Mining Group Company Limited(601899) , Industrial And Commercial Bank Of China Limited(601398) , Guanghui Energy Co.Ltd(600256) and so on exceeded 300 million shares in the first quarter.
Ge Lan, Zhou Weiwen, Cao Mingchang! Star fund manager’s latest position adjustment exposure
On the morning of April 22, China Europe Fund released the first quarterly report of its funds in 2022. Zhou Weiwen increased the allocation of new energy, science and technology, and reduced the allocation of consumption and other industries. Ge Lan’s position changed slightly in the first quarter, and the management scale shrank to 96 billion yuan. Cao Mingchang continued to maintain the undervalued strategy.
On the whole, Zhou Weiwen is not pessimistic about the future and looks for two types of investment opportunities along the main line of “alpha for good industries and beta for industries with reversed difficulties”. Cao Mingchang regards infrastructure and real estate as an important starting point for steady growth, and is optimistic about real estate, infrastructure, finance, optional consumption and other industries with low valuation and close relationship with the macro economy. Ge Lan is still optimistic about the medium and long-term investment opportunities in the pharmaceutical and biological sector, but short-term market fluctuations are inevitable, and will continue to strive to create long-term investment returns for holders.
another public fund failed to be raised since this year, the number of failed funds has increased to 9 23456
Since this year, the overall investment opportunities in the market have been limited, and the issuance of funds has been difficult. The issuance scale of many funds is at the “single digit” level. Many funds have been raised and established close to the establishment threshold of 200 million yuan, and the funds that have announced the failure of raising are also increasing.
Data show that as of April 20, a total of 9 funds failed to raise. From the perspective of product types, there are 4 medium and long-term pure debt funds, 3 passive index funds, and the other two are partial debt hybrid funds. The reasons for the failure of raising different types of funds are also different. Taking the on-site ETF as an example, the issuance of ETF is very dependent on the market performance. Recently, the A-share market has continued to adjust, and the front wheel diving of popular tracks such as new energy and medicine has also affected the subscription intention of investors to a certain extent.
