Index
On Wednesday, April 27, 2022, as of the closing, the Shanghai Composite Index rose 2.49% to 295828 points, the Shenzhen Component Index rose 4.37%, and the gem index rose 5.52%. The turnover between the two markets was 917.7 billion yuan, and the northbound capital bought a net 4.359 billion yuan today. In terms of decoration, the real estate sector rose by 92.3%, while the non-ferrous metal sector rose by 11.6%, while the construction equipment sector rose by 1.8%.
Comments
Shanghai will liberalize the limited areas with basically zero social aspects, restore market confidence, soar growth stocks, and rebound sharply in photovoltaic, wind power, lithium battery, power grid and other sectors. In terms of infrastructure construction, the high-level meeting pointed out that comprehensively strengthening infrastructure construction is of great significance to ensure national security, unblock China's big cycle, promote China's international double cycle, expand domestic demand and promote high-quality development, and the strategic significance of infrastructure construction has been improved. With regard to the investment opportunities of infrastructure in the future, we believe that the new infrastructure has a lot of room for development: first, the rail transit field of urban agglomeration and metropolitan area, focusing on the Yangtze River Delta. After the epidemic is controlled and stabilized, major construction projects in the Yangtze River Delta are expected to start intensively; Second, in the field of low-carbon energy and UHV infrastructure, gradually increase the proportion of renewable energy, reduce the dependence on traditional energy such as oil and coal, and ensure the security of energy supply in the future; Third, there is much room for improvement in public medical infrastructure. The repeated outbreak of the epidemic in China has exceeded expectations, which has a great impact on economic production. To a certain extent, it also shows the deficiency of the existing urban medical infrastructure. Strengthening the construction of public medical infrastructure can improve the emergency digestion capacity and calmly face the normalization of covid-19 epidemic and other diseases; Fourth, in the field of information security of digital infrastructure, digital economy is the focus of China's high-quality economic development. This year, the country launched the East West computing project. The amount of information will usher in geometric growth in the future. The security of a large amount of data and information is very important. Digital security infrastructure will be a new key direction of infrastructure construction.
Industry dynamics
On April 26, the 11th meeting of the central financial and Economic Commission was held. The meeting studied the issue of comprehensively strengthening infrastructure construction, and stressed the need to be based on the long term, strengthen the support of infrastructure development for land and space development and protection, productivity layout and major national strategies, accelerate the construction of new infrastructure and improve the level of traditional infrastructure. We should be moderately advanced. The layout is conducive to the infrastructure leading industrial development and safeguarding national security. At the same time, we should grasp the degree of advanced construction. We will strengthen the construction of network infrastructure such as transportation, energy and water conservancy, focus on networking, network supplement and chain strengthening, and strive to improve network efficiency. Strengthen the support and guarantee of infrastructure construction. Under the unified leadership of the CPC Central Committee, we will establish a coordination mechanism for major infrastructure construction, coordinate the planning and construction of infrastructure in various fields and regions, and strengthen the guarantee of resource elements such as land, sea and energy. We should meet the financing needs of infrastructure construction, broaden long-term financing channels, increase financial investment, and better focus on ensuring the capital needs of national major infrastructure construction. (China government website)
Risk warning: the implementation of the policy is less than expected; The price rise of raw materials exceeded expectations; The epidemic affected the economy more than expected.
