daily selection
central bank: in 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 committee of the State Council, analyze and judge the current economic and financial situation and study the next financial work. The meeting held that since the beginning of this year, China’s economy has made a good start on the whole, but the uncertainty facing the current economic growth has further increased, the conflict between Russia and Ukraine has posed new challenges to the global economy, the epidemic in China has spread in many places, and the logistics and supply chains in some regions have been blocked. The CPC Central Committee with Comrade Xi Jinping as the core made timely arrangements, and all localities and departments resolutely implemented it, adhered to reform and opening up, and unswervingly adhered to the two. China’s economy and finance maintained good resilience and vitality, and the fundamentals of long-term improvement will not change. [details]
CBRC: on April 22, the Party committee of the CBRC 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. [details]
State Administration of Taxation: notice of ten departments including State Administration of Taxation on Further Strengthening the support of export tax rebate and promoting the stable development of foreign trade. Strengthen the connection between export credit insurance and export tax rebate policy. If an enterprise obtains export credit insurance compensation due to its inability to collect foreign exchange for the export business declared for tax rebate, the export credit insurance compensation shall be regarded as the collection of foreign exchange and the export tax rebate shall be handled. We will improve the export tax rebate policy for processing trade. In order to support the development of processing trade enterprises and further reduce the burden of enterprises, after the tax rate of export products is consistent, the input tax of value-added tax transferred out due to inconsistent tax rate is allowed to be deducted from the input tax transferred in by enterprises. Tap the potential of departure tax rebate policy. [details]
financial Associated Press: reporters learned on the 24th that a number of joint-stock banks will reduce the interest rate of three-year “characteristic time deposit” from April 25, generally by about 10 basis points, with a minimum of 2.8%. Some banks also disclosed that the interest rate adjustment time of such deposits will be arranged after the May Day holiday. According to the reporter, the staff of four large state-owned banks said that they had not received the notice of reducing the deposit interest rate at present. [details]
macro economy
surging news: on April 24, the 2022 asset management summit of China wealth management 50 people forum was held in Beijing. Wang Yiming, member of the monetary policy committee of the people’s Bank of China and former deputy director of the development research center of the State Council, said that stabilizing the macro-economic market is a top priority. Stronger policy measures must be taken to ensure that the economic growth rate returns to more than 5% in the second quarter and lay the foundation for realizing the expected goal of annual economic growth. [details]
Xinhuanetco.Ltd(603888) : China’s coal based resource endowment determines that coal power will continue to play an important role in ensuring China’s energy and power security for a long time. Yu Bing, deputy director of the national energy administration, said at the national coal power “three reform linkage” typical case and Technology Promotion Conference on the 24th that in 2021, coal power produced 60% of the country’s electricity with less than 50% of the installed capacity, undertook 70% of the peak task, and played the role of “pillar” and “ballast” to ensure the safe and stable supply of electricity. [details]
financial Associated Press: Wang Chunying, spokesman of the State Administration of foreign exchange, said at the press conference of the state information office on April 22 that in the first quarter, China’s cross-border capital flows under current account and direct investment maintained a surplus, supporting the basic balance between cross-border revenue and expenditure and domestic foreign exchange supply and demand. In the future, long-term value investment is still the main consideration of foreign capital inflow. [details]
Beijing Daily: Beijing released several measures on continuing to strengthen the assistance of small, medium-sized and micro enterprises and accelerating the recovery and development of difficult enterprises. It is preliminarily estimated that 18 measures will benefit more than 1.6 million small, medium-sized and micro enterprises, with a total capital scale of about 130 billion yuan. The main content is summarized as “three reductions, three compensations and two guarantees”. Among them, the “three reductions” is to reduce the operating costs of small, medium-sized and micro enterprises through tax reduction, rent reduction and epidemic prevention and control expenditure. [details]
industry trends
Dahe network: recently, the Henan provincial government issued the construction plan of “Central Plains Agricultural Valley” and set up a leading group for the construction of “Central Plains Agricultural Valley”, with governor Wang Kai as the leader. With the national biological breeding industry innovation center and Shennong seed industry laboratory as the core, build a “Zhongyuan agricultural Valley” with factor sharing, coordinated innovation and unique brand advantages, and build a solid foundation of national food security at a higher level. [details]
Securities Times: HNA Group reported on April 24 that the special service trust for bankruptcy reorganization of HNA Group has been established according to law. Meanwhile, 321 substantive merger and reorganization plans including HNA Group have been implemented and confirmed by the court. So far, the four reorganization plans of the relevant bankruptcy reorganization case of HNA Group have been implemented and ruled by the court. Since the establishment of the joint working group on February 29, 2020, the risk disposal work of HNA Group has been basically completed after more than two years. [details]
cctv news client: hainan Medical Security Bureau recently deployed the results of centralized purchase of ultrasonic scalpels and cardiac pacemakers in Hainan. The procurement cycle of ultrasonic scalpels is one year, from May 11, 2022 to July 11, 2023; The procurement cycle of cardiac pacemaker is two years, from May 11, 2022 to July 11, 2024. The price reduction of the selected products in this centralized purchase has achieved remarkable results, of which the ultrasonic cutter head has an average decrease of 70.11% and the highest decrease of 93%; The average decrease of cardiac pacemaker was 57.77%, and the highest decrease was 78.26%. [details]
financial Associated Press: Shang Fulin, director of the Economic Committee of the CPPCC National Committee, said at the 2022 asset management summit of the 50 people forum on China’s wealth management on the 24th that from international experience, with the marketization of interest rates and the development of capital market, residents’ demand for wealth management will be further activated, and residents’ willingness to save may decline with the development of asset management market. At present, this trend is not very obvious, However, with the further development of wealth management, there may be this trend, and the proportion of financial assets in asset allocation will continue to increase.
[details]
stock market focus
daily economic news: with the disclosure of the first quarterly report of the fund, the overall heavy positions of the public fund as of the end of the first quarter also surfaced. The reporter noted that among the top ten stocks in the overall heavy positions of the fund, 8 had been increased. 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) . [details]
financial Associated Press: China International Capital Corporation Limited(601995) april 24 strategic research report believes that A-Shares have partially shown bottom characteristics in terms of policy, valuation, capital and behavior signals. Combined with the current growth environment, it may take time to wait for a clearer turning point. We still maintain the judgment that the current market is in the “bottom grinding” period, although the short-term market may still have repeated, However, in the medium and long term, opportunities gradually outweigh risks, and there is no need to be too pessimistic about the future performance. [details]
surging news: “at present, the low point of A-Shares has appeared, followed by the pit filling market that shocks the city.” On April 22, Xun Yugen, the best analyst Strategy Research of new wealth and Haitong Securities Company Limited(600837) chief strategy analyst, won the first place for six consecutive sessions. Xun Yugen said that since this year, the stock market has been very weak, and many people are worried about whether it will be a “big bear market”. On the whole, although the market fell sharply under the impact of various negative factors at the beginning of the year. But looking forward to the future, the market is expected to slowly “fill the pit” and move slowly from winter to spring. [details]
China Securities News: the number of shares repurchased by listed companies continues to increase. Data show that as of April 23, after excluding the cancellation of directional repurchase, a total of 190 A-share listed companies have issued share repurchase plans this year. Among them, a large number of listed companies issued repurchase plans in March and April, 94 and 43 respectively. The reporter further found that the above 190 listed companies planned to repurchase 2.532 billion shares in total. According to the upper limit of the repurchase price, the total amount to be repurchased was about 46.924 billion yuan. The number of listed companies planned to repurchase and the total amount planned to repurchase doubled compared with the same period of last year. [details]
subscription of new shares: Kechuang new materials
new bond subscription: superstar convertible bond
IPO: Yaokang biology
listing of new bonds: Mingxin convertible bonds
company news
Zhangzhou Pientzehuang Pharmaceutical Co.Ltd(600436) : first quarter net profit 689 million yuan, an increase of 21.93%
Three Squirrels Inc(300783) : first quarter net profit of 160 million yuan, a year-on-year decrease of 48.75%
G-Bits Network Technology(Xiamen)Co.Ltd(603444) : first quarter net profit of 350 million yuan, down 4.27% year on year
New China Life Insurance Company Ltd(601336) : estimated net profit in the first quarter decreased by 70% – 80% year-on-year
China Tourism Group Duty Free Corporation Limited(601888) : first quarter net profit of 2.56 billion yuan, a year-on-year decrease of 9.99%
Mango Excellent Media Co.Ltd(300413) : first quarter net profit of 507 million yuan, a year-on-year decrease of 34.39%
Better Life Commercial Chain Share Co.Ltd(002251) : : advance loss of 170 million yuan to 210 million yuan in 2021
Sany Heavy Industry Co.Ltd(600031) : net profit in 2021 decreased by 22% year-on-year, and it is proposed to allocate 4.5 yuan for 10
Beijing-Shanghai High Speed Railway Co.Ltd(601816) : net profit in 2021 increased by 49.15% year-on-year, and it is proposed to pay 0.491 yuan for 10
Tahoe Group Co.Ltd(000732) : revise the performance forecast in 2021, and the expected loss is 3.5 billion yuan – 4.6 billion yuan
Byd Company Limited(002594) : intends to repurchase shares of RMB 1.8-1.85 billion
Jiangsu Sunshine Co.Ltd(600220) : it is planned to invest 20 billion yuan in the whole industrial chain project of photovoltaic new energy in Baotou
Contemporary Amperex Technology Co.Limited(300750) : delayed disclosure of the first quarter report of 2022
Andon Health Co.Ltd(002432) : recent reconciliation found that the purchase order of ihealth kit was not completed
data list
Shanghai and Shenzhen Stock Markets: on April 22, the three major indexes showed a shock pattern. As of the close, the Shanghai index rose 0.23%, the Shenzhen composite index fell 0.29% and the gem index fell 0.69%. On the disk, textile and clothing, electric power, shipping ports and other sectors led the increase; Tourism, hotels, semiconductors, food and beverage sectors led the decline; Agriculture related sectors continued to decline. More than 1600 stocks rose in the two cities.
Hong Kong stocks: Hong Kong Hang Seng Index closed down 0.21% and Hang Seng technology index rose 0.28%. Auto stocks fell, Xiaopeng auto fell more than 4%, and ideal auto was included in the “pre delisting list” fell more than 3%. Zhihu closed down 23% on the first day of listing.
Shanghai Shenzhen Hong Kong stock connect: on April 22, northbound funds bought a net 6.765 billion yuan throughout the day, including 3.611 billion yuan in Shanghai Stock connect and 3.154 billion yuan in Shenzhen Stock connect. Among the top ten traded stocks, the net purchases of Contemporary Amperex Technology Co.Limited(300750) , Kweichow Moutai Co.Ltd(600519) , China Yangtze Power Co.Ltd(600900) ranked the top three, with net purchases of 624 million yuan, 618 million yuan and 368 million yuan respectively. The first three stocks sold net were Zijin Mining Group Company Limited(601899) , China Merchants Bank Co.Ltd(600036) , Inner Mongolia Yili Industrial Group Co.Ltd(600887) , with net sales of RMB 335 million, RMB 276 million and RMB 224 million respectively.
dragon and tiger list: april 22, the largest net capital inflow was Jinyu Bio-Technology Co.Ltd(600201) , which was 768992 million yuan. Data show that the stock closed at the daily limit, with a turnover rate of 7.8% throughout the day. The top net inflow of funds was China Merchants Securities Co.Ltd(600999) Xinhua East Street in Hohhot, and 179 million yuan was purchased. A total of 29 stocks were involved in the institutional participation in the dragon and tiger list, of which 17 were net bought by the institution, and Tianjin Tianbao Infrastructure Co.Ltd(000965) was the most bought, amounting to 687806 million yuan. In addition, 12 shares were sold by Tianjin Tianbao Infrastructure Co.Ltd(000965) net, and Jinyu Bio-Technology Co.Ltd(600201) was sold the most, amounting to 682983 million yuan.
margin trading : as of April 21, the balance of Shanghai and Shenzhen stock markets was 1613943 billion yuan, a decrease of 11.799 billion yuan compared with the previous trading day. Among them, the financing balance was 1529629 billion yuan, a decrease of 10.075 billion yuan compared with the previous trading day; The balance of securities lending was 84.314 billion yuan, a decrease of 1.724 billion yuan compared with the previous trading day.
Shibor: Shibor reported 1.3020% overnight, up 4.7 basis points; Shibor reported 1.8090% in seven days, up 10.9 basis points; Three month Shibor reported 2.2740%, down 3.1 basis points
foreign exchange
On April 22, the central parity rate of RMB was reported at 6.4596, down 498 points, and the central parity rate of the previous trading day was reported at 6.4098 The onshore RMB closed at 6.4875 against the US dollar, down 375 basis points from the previous trading day
property market observation
Securities Daily: on April 22, Nanjing ushered in the first round of local auction in 2022. The bidding results showed that only 14 of the 20 plots listed in this centralized listing were successfully traded, with a total amount of 19.175 billion yuan. Another 6 plots were sold due to no registration, with a flow rate of 30%. [details]
financial Associated Press: Tongzhou District, Nantong City, Jiangsu Province printed and distributed the notice on the implementation rules of house purchase subsidies for employees of stable employment enterprises in Tongzhou District, which provides a house purchase subsidy of up to 2% of the total house price for employees of stable employment enterprises in the district to purchase the first new ordinary commercial house in the district. According to the notice, the scope of this subsidy is to purchase the first new ordinary commercial residence in the district from March 21, 2022 to March 20, 2023. [details]
financial Associated Press: Yantai City, Shandong Province issued the notice on the implementation of preferential housing provident fund loan policies for high-level talents of master’s degree graduates in our city. According to the notice, the maximum amount of housing provident fund loan for high-level talent families of postgraduates who meet the application conditions is 800000 yuan, and the loan amount is not linked to the balance of individual housing provident fund deposit account. [details]
International Information
brokerage China: on the evening of April 22, President Widodo of Indonesia, the world’s largest producer of palm oil, announced that he would stop exporting “all edible oil and palm oil raw materials” from April 28. This new deal of Indonesia immediately caused a huge shock in the global food oil market, and the price of international oil varieties rose sharply. Facing the rising pressure of edible oil prices in the international market, China’s futures market is also expanding the oil variety risk management toolbox to provide new channels for enterprises to avoid market risks. [details]
financial Associated Press: Federal Reserve Meister said it needs to firmly raise interest rates to a neutral level, hoping to reach a neutral level of 2.5% by the end of the year; It supports raising interest rates by 50 basis points in May, without the impact of raising interest rates by 75 basis points. [details]
futures market
China Futures: China commodity futures closed with mixed gains and losses. Apple and liquefied gas fell by more than 2%, Huyin and fuel oil fell by more than 1%, while soybean II and styrene fell slightly; Fiberboard and Shanghai nickel rose by more than 1%, while urea and pigs rose slightly.
International Futures: wti crude oil futures closed down 1.66% to US $102.07/barrel, down 4% this week; Brent crude oil futures fell 1.55% to $106.65 a barrel, down 4.5% this week. COMEX June gold futures fell 0.7% to $193430 / ounce, down 2.1% this week
overseas index
US stock market : Eastern time on Friday, concerns about the slowdown of corporate profits and the rapid increase of interest rates by the Federal Reserve triggered a selling frenzy, with the three indexes plunging more than 2.5%, and the Dow Jones index plunging nearly 1000 points, the largest one-day decline since the end of October 2020. After Friday’s huge earthquake, the Dow fell 1.9%, the S & P 500 fell 2.8% and the Nasdaq was the worst, falling 3.8% this week.
European stock market: London stock market, the financial times 100 stock average price index 22 daily closed at 752168 points, down 106.27 points or 1.39% from the previous trading day. In terms of the other two major stock indexes in Europe, the French Paris Stock Market CAC40 index closed at 658142, down 133.68 points or 1.99% from the previous trading day; Germany’s Frankfurt stock market DAX index closed at 1414209, down 360.32 points or 2.48% from the previous trading day.
Asia Pacific stock market : the Nikkei 225 index fell 1.62% to 27107 points. South Korea’s Kospi index closed down 23.5 points, or 0.86%, at 270471.
