Incremental capital:
Fund issuance: newly established fund shares (partial share type): the newly issued shares in this period were 3.004 billion, compared with 3.365 billion in the previous period.
Shanghai Stock connect and Shenzhen Stock connect: in this period, the funds of Shanghai Stock connect are net outflow and the funds of Shenzhen Stock connect are net inflow. In this period, the net outflow of Shanghai Stock connect was 1.328 billion yuan (the net inflow of the previous period was 1.587 billion yuan), and the net inflow of Shenzhen Stock connect was 1.773 billion yuan (the net inflow of the previous period was 1.291 billion yuan); The total net inflow was 445 million yuan (the total net inflow in the previous period was 2.878 billion yuan).
Balance of financed funds and bonds: the balance of financed funds and bonds decreased by 29.586 billion yuan month on month. As of April 22, the balance of financed funds and bonds in the two cities was 1516997 billion yuan (1541407 billion yuan in the previous period), and the balance of financed funds and bonds was 83.775 billion yuan (88.951 billion yuan in the previous period).
Capital pressure:
IPO Financing scale: there are 15 new shares listed in this period, with a total raised capital of 56.958 billion yuan (8 new shares listed in the previous period, with a total raised capital of 10.362 billion yuan).
Increase or decrease in industrial capital: the net reduction in the secondary market in this period was 2.752 billion yuan (the net reduction in the previous period was 269 million yuan).
Lifting pressure: in terms of potential lifting funds, the market in the current period (04180422) ushered in the lifting scale of about 61.547 billion yuan, and the lifting pressure in the previous period (04110415) and the next period (04250429) were 48.779 billion yuan and 41.994 billion yuan respectively.
Transaction expenses: the transaction expenses in this period are RMB 8.466 billion (RMB 9.659 billion in the previous period).
Money supply:
Open market: the net withdrawal of currency in this period is 10 billion yuan (the net investment of currency in the previous period is 20 billion yuan).
Medium term lending facilities: in April, the one-year MLF operation was carried out, with an interest rate of 150 billion yuan and 2.85%, the same as the previous period. A total of 200 billion yuan was invested in March.
Credit currency derivation: in March 2022, M1 increased by 4.7% (4.7% in the previous period); The growth rate of M2 was 9.7% (9.2% in the previous period). In March 2022, social finance increased by 4.65 trillion yuan (about 1.23 trillion yuan in the previous period), and financial institutions increased RMB loans by 3.23 trillion yuan (about 0.91 trillion yuan in the previous period).
Market capital price:
Money market: in this period, Shibor's overnight interest rate decreased by 14.80bp and Shibor's weekly interest rate decreased by 17.60bp; The weighted interest rate of inter-bank pledged repo (one day) was reduced by 17.12bp, and the weighted interest rate of inter-bank pledged repo (seven days) was reduced by 18.64bp; The yield of interbank certificates of deposit decreased by 10.51bp in three months; The weighted inter-bank lending rate (one day) was reduced by 17.48bp, and the weighted inter-bank lending rate (seven days) was reduced by 18.94bp.
Treasury bond market: the yield of one-year treasury bond was reduced by 3.54bp to 2.08%, the 10-year Treasury bond was increased by 8.34bp to 2.84%, and the term spread was expanded by 11.88bp.
Financial market: the yield of RMB financial products (three months) was 3.50%, down 2.57bp from last week.
Risk tip: the Sino US trade friction has intensified and the epidemic has not been effectively controlled
