daily selection
CCTV news: on the afternoon of May 4 local time, the Federal Reserve decided to increase the federal funds rate by 0.5% (i.e. 50 basis points) to reduce the high inflation rate in the United States. After raising interest rates, the federal funds rate range increased to 0.75% to 1%. This is the first time the Fed has raised interest rates by 0.5% in 22 years. At the same time, the Federal Reserve also announced that it would launch a plan to reduce its balance sheet by $47.5 billion a month from $9 trillion in June, and $95 billion a month in three months. [details]
CSRC website: recently, the CSRC held a special meeting to seriously convey and study the spirit of the meeting of the Political Bureau of the CPC Central Committee and the important speech made by the general secretary of Xi Jinping at the 38th collective study of the Political Bureau of the CPC Central Committee, and study the relevant working measures to deepen the reform of the capital market, maintain the stable operation of the capital market and contribute to the stability of the macro-economy. [details]
CCTV news: the Political Bureau of the CPC Central Committee conducted the 38th collective study on standardizing and guiding the healthy development of Chinese capital according to law on the afternoon of April 29. When presiding over the study, general secretary Xi Jinping of the CPC Central Committee stressed that capital is an important factor of production in the socialist market economy. Standardizing and guiding capital development under the conditions of the socialist market economy is not only a major economic issue, but also a major political issue, a major practical issue and a major theoretical issue. It is related to adhering to the basic socialist economic system and the basic national policy of reform and opening up, It is related to high-quality development and common prosperity, national security and social stability. We must deepen our understanding of China’s various types of capital and their role in the new era, standardize and guide the healthy development of capital, and give full play to its positive role as an important factor of production. [details]
CCTV news: Qiushi magazine published Xi Jinping general secretary’s important article “accelerating the construction of a strong country in science and technology and realizing high-level scientific and technological self-reliance and self-improvement”. The article points out that we should strengthen the original and leading scientific and technological research, and resolutely win the battle of key core technologies. Basic research should have the courage to explore and highlight originality, but also apply traction, break through bottlenecks, and understand the basic theory and technical principle of “neck sticking” technology. In tackling key scientific and technological problems, we should adhere to the problem orientation and rush to the most urgent and urgent problems. The key to the integration of innovation chain and industrial chain is to establish the dominant position of enterprise innovation. We will vigorously strengthen modern engineering and technological scientific research with multi-disciplinary integration to form a complete modern science and technology system. [details]
central bank: on April 29, the people’s Bank of China held a special meeting to convey and study the spirit of the meeting of the Political Bureau of the CPC Central Committee and the important speech made by the general secretary of Xi Jinping at the 38th collective study of the Political Bureau of the CPC Central Committee, and study and further implement working measures such as maintaining financial support for economic operation within a reasonable range and promoting the standardized and healthy development of platform economy. The meeting held that in the face of the complex situation of the superposition of Centennial changes and century epidemics, the Party Central Committee clearly required that “the epidemic should be prevented, the economy should be stable and development should be safe”. The people’s Bank of China should resolutely study and implement it in close combination with the actual work, so as to ensure the implementation of the major policies of the Party Central Committee. We should accelerate the precise implementation of various policies and measures that have been determined, make good use of various monetary policy tools, maintain reasonable and sufficient liquidity, and guide financial institutions to better meet the financing needs of the real economy. [details]
Shenzhen Stock Exchange: at present, coordinating epidemic prevention and control and economic and social development is at a critical stage. The Shenzhen Stock Exchange resolutely implements the spirit of the series of important speeches of Xi Jinping general secretary and the decisions and arrangements of the CPC Central Committee and the State Council. In accordance with the work requirements of the China Securities Regulatory Commission, the Shenzhen Stock Exchange adheres to taking supporting the development of the real economy and maintaining the stable operation of the capital market as an important political task, coordinates and acts quickly in various ways, deeply understands the actual difficulties of market subjects affected by the epidemic, listens to the opinions and suggestions of market institutions, and optimizes self-discipline supervision services, Meet the reasonable financing needs of market entities, increase support for small and medium-sized private enterprises, work with all parties in the market to overcome difficulties, and jointly maintain the healthy and stable development of the capital market. [details]
macro economy
National Bureau of Statistics: in april, the Manufacturing Purchasing Manager Index (PMI) was 47.4%, down 2.1 percentage points from the previous month, below the critical point, and the overall prosperity level of the manufacturing industry continued to decline. [details]
central bank: according to the requirements of the executive meeting of the State Council, the people’s Bank of China and the development and Reform Commission decided to carry out the pilot work of special refinancing for inclusive elderly care, guide financial institutions to provide preferential loans to inclusive elderly care institutions, and reduce the financing cost of elderly care institutions. The pilot amount of Pratt & Whitney pension special refinancing is 40 billion yuan, the interest rate is 1.75%, the term is one year, which can be extended twice, and financial support is provided in the same amount as the loan principal issued by financial institutions. The pilot financial institutions are 7 national large banks, including China Development Bank, export import bank, Industrial And Commercial Bank Of China Limited(601398) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) , China Construction Bank Corporation(601939) , Bank Of Communications Co.Ltd(601328) . The pilot areas are five provinces including Zhejiang, Jiangsu, Henan, Hebei and Jiangxi. [details]
central bank: with the approval of the State Council, the people’s Bank of China has increased the special refinancing line of 100 billion yuan to support the clean and efficient utilization of coal, which is specially used to support the development and use of coal and enhance the capacity of coal reserves. The new quota support areas include coal safety production and reserves, as well as coal power supply guarantee of coal power enterprises. After the increase of 100 billion yuan, the total amount of special refinancing to support the clean and efficient utilization of coal will reach 300 billion yuan, which will help further release the advanced coal production capacity, ensure the safe and stable supply of energy, and support the economic operation in a reasonable range. [details]
surging news: Ningbo Medical Security Bureau announced that the country took the lead in comprehensively launching the price limit payment policy for dental implant insurance, and organized 100 medical institutions to carry out collective signing. It was learned from the bureau that by comprehensively considering the costs of manufacturers and the service expenses of medical institutions, Ningbo Medical Insurance Bureau limited the price of consumables to domestic 1000 yuan and imported 1500 yuan, and the medical service expenses of medical institutions (Level II and below) to 2000 yuan. In other words, as long as you choose the implant teeth in the catalogue, it costs only 3000 yuan for a domestic one and 3500 yuan for an imported one.
[details]
industry trends
Ministry of Finance: from May 1, 2022 to December 31, 2022, the income obtained by taxpayers from providing express receiving and dispatching services of necessary living materials for residents shall be exempted from value-added tax. The specific scope of real estate service (caipai [2016] No. 36) shall be implemented in accordance with the notes on sales of intangible assets and express services. [details]
first finance and Economics: reporters learned on the 29th that qunar.com has received a notice from Beibu Gulf airlines and will start to raise the collection standard of fuel surcharge on Chinese routes on May 5. According to the notice, from May 5, 2022 (inclusive), the charging standard of fuel surcharge will be adjusted: RMB 60 per passenger for flights below 800 km (inclusive); Each passenger will be charged 120 yuan for the 800 kilometer segment. [details]
China Securities Journal: Byd Company Limited(002594) 4 monthly sales data released! On the evening of May 3, Hong Kong stock Byd Company Limited(002594) shares disclosed the April production and marketing express. In April, Byd Company Limited(002594) new energy vehicles sold 106000 units, compared with 25662 units in the same period of last year, a year-on-year increase of more than three times. [details]
China Securities News: according to the cross verification of multiple sources, Tesla has made it clear that it plans to build another new factory near the current port super factory of the Shanghai factory to expand production capacity. The new plant is expected to produce model 3 and model y models with an annual capacity of 450000 vehicles. After the expansion of the new plant is completed, it will help Tesla to increase the total capacity of the Shanghai plant to 1 million vehicles per year. [details]
stock market focus
CSRC: in order to meet the requirements of registration system reform and normalized delisting and further improve the post delisting supervision of listed companies, the CSRC issued the guidance on improving the post delisting supervision of listed companies, which shall be implemented from the date of promulgation. [details]
China Securities News: after the closing of the April market of a shares, the investment portfolios and strategic views of China’s major securities companies in may have been released one after another. According to incomplete statistics, as of May 3, 21 securities companies, including China Securities Co.Ltd(601066) , Guosen Securities Co.Ltd(002736) , China Galaxy Securities Co.Ltd(601881) , Huatai Securities Co.Ltd(601688) and others, have released their investment portfolios in May 2022, recommending nearly 160 monthly gold stocks of A-Shares and Hong Kong shares. Kweichow Moutai Co.Ltd(600519) and “Guomao” China stock market news are the most popular. In addition, industry leaders such as “waterproof Mao” and “duty-free Mao” have also been jointly recommended by many securities companies. [details]
Securities Times: in the first quarter of this year, affected by multiple factors such as the Federal Reserve’s interest rate hike, the situation in Ukraine and the spread of the epidemic, some overseas allocation institutions faced a liquidity crisis and made a short-term withdrawal in A-share investment. According to the published data, the number of a listed companies with heavy positions of foreign QFII / rqfii institutions in the first quarter was nearly 700, down from more than 800 at the end of the fourth quarter. In March, the net outflow of funds from Beishang exceeded 45 billion yuan, which turned into a net outflow for the first time after 17 consecutive months of continuous inflow. However, after entering April, according to the shareholding data of land stock connect, the momentum of foreign capital increasing positions in A-Shares rebounded, and the funds going North returned. [details]
Securities Times: Citic Securities Company Limited(600030) believes that after the adjustment in April, extreme pessimism has been fully released, and the market has passed the period with the greatest pressure of forced selling. Recently, some funds have begun to be actively distributed, and investors are extremely sensitive to marginal positive signals. Therefore, with the positive signals of the four major factors affecting the market, the medium-term repair market lasting for several months is expected to start in May. It is suggested that investors should actively layout the four main lines of modern infrastructure, real estate, resumption of work and production and consumption repair. [details]
subscription of new shares: Dayu biology
new bond subscription: none
IPO: none
new bond listing: none
company news
Andon Health Co.Ltd(002432) : first quarter net profit increased by 3752735% year on year
Yonghui Superstores Co.Ltd(601933) : first quarter net profit increased by 205354% year on year
Changyuan Technology Group Ltd(600525) : first quarter net profit increased by 129972% year-on-year
Wuhu 37 Interactive Entertainment Network Technology Group Co.Ltd(002555) : first quarter net profit increased by 550.80% year-on-year
Ningbo Ronbay New Energy Technology Co.Ltd(688005) : first quarter net profit increased by 144.66% year-on-year
Cosco Shipping Holdings Co.Ltd(601919) : first quarter net profit increased by 78.73% year-on-year
Contemporary Amperex Technology Co.Limited(300750) : first quarter net profit decreased by 23.62% year-on-year
Tianqi Lithium Corporation(002466) : net profit in the first quarter of 2022 increased by 144265% year-on-year
Three Squirrels Inc(300783) : shareholders intend to reduce their shares by no more than 6%
Angel Yeast Co.Ltd(600298) : controlling shareholder intends to increase holding of 50 million yuan to 100 million yuan
Zijin Mining Group Company Limited(601899) : plans to acquire four asset packages including laguocuo Salt Lake Lithium mine in Tibet with RMB 7.68 billion
Saic Motor Corporation Limited(600104) : the amount of shares to be increased by the controlling shareholder shall not be less than RMB 1.6 billion and not more than RMB 3.2 billion
Shandong Shida Shenghua Chemical Group Company Limite(603026) : set up a company to invest in the construction of 30000 T / a silicon-based negative electrode material project
Yunnan Energy New Material Co.Ltd(002812) : subsidiaries will supply about 655 million euros of lithium battery isolation film products to ACC
data list
Shanghai and Shenzhen Stock Markets: april 29, the three major indexes rose rapidly in the afternoon, and then the shock strengthened.
As of the close, the Shanghai index stood at 3000 points, closing up 2.41%, the Shenzhen Composite Index rose 3.69%, and the gem index rose 4.11%. On the disk, all sections strengthened across the board, with electronic chemicals, education, software development and other sectors leading the increase, Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) , Offcn Education Technology Co.Ltd(002607) , Hundsun Technologies Inc(600570) limit. More than 4400 stocks rose in the two cities.
hong Kong stocks: hong Kong Hang Seng Index fell 1.1%, Hang Seng technology index fell 3.29%, internet medical and short video concept stocks led the decline, large technology stocks fell generally, JD health fell more than 12%, BiliBili fell more than 8%, Kwai fell more than 5%, baidu, Alibaba and Tencent fell more than 3%. Chemical fertilizer stocks and agricultural stocks rose against the trend, with TEDA biology up more than 9% and SINOCHEM chemical fertilizer up more than 6%.
Shanghai Shenzhen Hong Kong stock connect: april 29, northbound funds came into the market in the afternoon to clear the goods, with a net purchase of 4.246 billion yuan throughout the day; Among them, the net purchase of Shanghai Stock connect was 212 million yuan and that of Shenzhen Stock connect was 4.034 billion yuan. Among the top ten traded stocks, Midea Group Co.Ltd(000333) , Kweichow Moutai Co.Ltd(600519) , Byd Company Limited(002594) net purchases ranked among the top three, with net purchases of 901 million yuan, 668 million yuan and 353 million yuan respectively. The first three stocks sold net were China Merchants Bank Co.Ltd(600036) , Wuliangye Yibin Co.Ltd(000858) , Industrial Bank Co.Ltd(601166) , with net sales of 493 million yuan, 448 million yuan and 381 million yuan respectively.
dragon tiger list: on April 29, the stock with the largest net capital inflow was Beijing Kingsoft Office Software Inc(688111) , which was 150 million yuan. The data showed that the stock rose 18.69% during the day, and the turnover rate throughout the day was 1.68%. The net inflow of funds into the top seats of Shanghai Stock connect, with a net purchase of 84.958 million yuan. A total of 31 stocks were involved in the institutional participation list, of which 14 were net bought by the institution, and Beijing Kingsoft Office Software Inc(688111) was the most bought, with a total of 168 million yuan. In addition, 17 shares were net sold by institutions, and Hangzhou Onechance Tech Corp(300792) was sold the most, amounting to 153 million yuan.
margin trading : as of April 28, the balance of Shanghai and Shenzhen stock markets was 1522348 billion yuan, a decrease of 10.279 billion yuan compared with the previous trading day. Among them, the financing balance was 1444457 billion yuan, a decrease of 9.544 billion yuan compared with the previous trading day; The balance of securities lending was 77.891 billion yuan, a decrease of 735 million yuan compared with the previous trading day.
Shibor : Shibor reported 1.8380% overnight, up 53.7 basis points; 120062 basis points higher; Three month Shibor reported 2.2170%, down 1.4 basis points
foreign exchange
On April 29, the central parity rate of RMB was reported at 6.6177, down 549 points, and the central parity rate of the previous trading day was reported at 6.5628 The onshore RMB closed at 6.5866 against the US dollar at 16:30 on April 29, up 249 points from the previous trading day
property market observation
financial Associated Press: the official website of Jiaxing housing provident fund management service center in Zhejiang Province shows that recently, Jiaxing housing provident fund management committee issued the notice on adjusting the relevant use policies of housing provident fund. Since May 1, 2022, employees who normally pay and deposit in Jiaxing have used the housing provident fund loan to buy the first home of their family for the first time, The maximum loan limit for a single person rises from 300000 yuan to 400000 yuan, and the maximum loan limit for two persons and above rises from Shanghai Pudong Development Bank Co.Ltd(600000) yuan to 800000 yuan. [details]
daily economic news: after hovering at the bottom of the property market in Shenzhen for more than a month, in April, the market heard news of “reference price adjustment” and “relaxation of purchase restrictions” from time to time. Especially after the resumption of work and production in Shenzhen, with the small increase in the number of intermediary belts in the short term, the mood of warming the property market is high. According to the data of Shenzhen Zhongyuan Research Center, as of April 27, a total of 4773 commercial houses were signed online in Shenzhen new housing market, up 33.1% month on month. Among them, there were 2714 residential online signs, down 5.1% month on month; 484 luxury houses were signed online, down 52.1% month on month; 632 business apartments were signed online, up 324.2% month on month. [details]
. At the launching ceremony, Yan Chao, a representative of financial institutions, said that he would actively support and cooperate with the “red may” real estate consumption season organized by the municipal Party committee and municipal government. From May 1, the loan interest rate of the first house and the second house under the jurisdiction of all institutions would be reduced to 5.2% and 5.35%; The age of home buyers is relaxed to 70; Adjust the proportion of down payment to the minimum proportion specified in national policies; Adjust the age of second-hand houses to a maximum of 35 years; Effectively improve the service quality and efficiency, and promise to make loans within three working days after the loan procedures are complete. [details]
International Information
Xinhua News Agency: the office of the US trade representative announced on the 3rd that the two actions of imposing tariffs on Chinese goods exported to the United States four years ago based on the results of the so-called “301 survey” will end on July 6 and August 23, respectively. From now on, the office will start the legal review procedure for relevant actions. [details]
surging news: in the last winter when global oil, gas and coal prices soared together, Europe was the focus of international energy supply shortage. Due to the high external dependence of energy, low natural gas inventory, less than expected output of new energy, and the transmission of fuel price fluctuations to electricity prices, many European countries experienced a sharp rise in energy prices in the second half of last year. [details]
China Central Television finance and Economics: on the 2nd local time, EU antitrust regulators formally accused apple of restricting its competitors from using its mobile payment technology, which may lead to huge fines. The European Commission said on the 2nd that it had issued a written statement to Apple detailing how Apple abused its dominant position in the field of mobile payment through apple pay. According to Reuters, if the accusation is established, Apple will face a huge fine of up to 10% of its global annual turnover, which is estimated to be about US $36.6 billion (about 241864 billion yuan) according to the turnover data of the previous fiscal year. However, the Reuters report also pointed out that the relevant penalties of the EU had rarely been implemented according to the upper limit punishment standard.
Apple said it would continue to contact the European Commission on this issue. [details]
futures market
China Futures: China commodity futures closed mostly higher, with Lu up more than 7%, fuel oil up more than 6%, eg and iron ore up more than 4%, crude oil and PTA up more than 3%, EB and Shanghai nickel up more than 2%, coke and thread up more than 1%, soda ash and Shanghai silver up slightly; Urea fell by more than 2%, and red dates and sugar fell slightly.
International Futures: the settlement price of international crude oil futures rose by about 5%. The settlement price of WTI June crude oil futures closed up US $5.40, or 5.27%, to US $107.81/barrel. The settlement price of Brent crude oil futures in July closed up $5.17, or 4.92%, to $110.14/barrel. NYMEX June natural gas futures closed up 5.79% to $8.4150 / million BTU
overseas index
US stock market: US Federal Reserve raised interest rates by 50 basis points and announced a gradual contraction from June; Powell emphasized confidence in the soft landing of the economy. The three major US stock indexes closed up sharply, with the NASDAQ up 3.19%, the S & P 500 up 2.99% and the Dow up 2.81%. COMEX June gold futures settlement price fell 0.1% to 1868.8 U.S. dollars / ounce.
European stock market: major European stock indexes closed down, with Germany’s DAX index down 0.49%, France’s CAC40 index down 1.24%, Britain’s FTSE 100 index down 0.9% and Italy’s FTSE MIB index down 1.4%.
Asia Pacific Stock Market: Nikkei 225 index closed down 29.37 points, or 0.11%, at 2681853 points on May 2 (Monday). South Korea’s Kospi index closed down 2.89 points, or 0.11%, at 267757 on Wednesday, May 4.
