January 14th (Friday), the main contents of today’s headlines are:
China Securities Journal
The development plan of modern comprehensive transportation system in the 14th five year plan will be issued soon
Building a transportation power and accelerating the construction of a modern comprehensive transportation system is the key link. The reporter learned that the “14th five year plan” for the development of modern comprehensive transportation system will be issued soon. At the same time, the revision of medium and long-term railway network planning, the preparation of national highway network planning, national port and waterway layout planning, the 14th five year plan for railway and other industry development planning are being promoted.
Six companies withdrew their IPO applications. Experts said the momentum of normalized issuance remained unchanged
Data show that six companies have withdrawn their IPO applications before half of January this year. The number of companies withdrawing IPO applications in December last year reached 20, close to the high level in February last year. Experts said that the recent increase in IPO application cancellation may be related to insufficient preparation, poor operation and other factors of individual companies. This should not be over interpreted. It is less likely that IPO application cancellation will occur intensively in the future. It can be predicted that under the trend of fully implementing the registration system, IPO will remain normal in 2022.
“A good start” is no longer the grand occasion, and the bank’s willingness to attract customers with heavy money tends to decline
During a recent survey in Beijing, the reporter found that at the time of the beginning of the year, the marketing events such as bank outlets pulling deposits and selling financial management are no longer, not only the activity intensity is reduced, but also the publicity intensity is much smaller. According to expert analysis, the easing of debt pressure, the transformation of financial products, the decline of return on assets and the strengthening of profit orientation have led to a decline in the willingness of banks to attract customers with heavy money.
“Public to private” surge fund manager “vertical and horizontal”
In 2022, there have been fund manager changes in the products of several fund companies. The reporter learned that many fund managers in the industry plan to have “new actions” in the new year. Some private equity institutions said that well-known public fund managers in the market will be introduced in the near future, and the relevant information will be announced soon.
Shanghai Securities Journal
“Grain and grass” first stabilized the credit supply of physical banks in the beginning of the year
The amount of credit supply in January and even the first quarter of each year accounts for a considerable proportion in the annual credit supply of banks. With regard to key credit investment, a number of respondents from banks said that they mainly invested in real economy fields such as manufacturing, infrastructure construction, green development, scientific and technological innovation and Inclusive Finance.
The Shanghai Stock Exchange has issued about 28 billion yuan of industrial bonds in the new year
On January 13, in order to continue to do a good job in the innovative market service mode of “setting up the stage of the exchange and singing in the market”, Shanghai Stock Exchange organized and held the “first phase of industrial enterprise bond investment and financing Symposium in 2022”. It is reported that more than 10 days after new year’s day, the Shanghai Stock Exchange bond market has completed the issuance of industrial bonds of about 28 billion yuan, and the issuance interest rate is generally lower than other products, realizing the effective reduction of financing costs.
Shanghai and Shenzhen local credit investigation platform takes the lead, and the “national + local” double-layer credit investigation system has taken shape
Recently, two local credit investigation platforms in Shenzhen and Shanghai have been established one after another. The former has begun to operate, and the latter is being put on record and publicized. It is understood that the local credit investigation platform mainly opens up various public data such as taxation to form credit investigation products and services. The core essence is to empower financial institutions and help them accurately support the financing of small and medium-sized enterprises.
The enthusiasm of venture capital to raise cards plummeted, and equity investment became more cautious
The enthusiasm for raising cards of insurance funds fell to the freezing point last year. According to statistics, in 2021, there was only one card raising event for insurance funds, setting a record of the lowest number of card raising for insurance funds in recent 7 years. At the same time, last year, there were cases of insurance capital “cutting meat” withdrawing from previously listed companies.
securities times
Survey by China insurance investment officer in 2022: more than 70% of the income was reduced, and the target equity allocation was relatively stable
The survey of China’s insurance investment officers in 2022 ended a few days ago. The insurance investment officers participating in the survey generally held a “neutral” attitude towards the market situation in 2022, and only 9% of the respondents expressed a “relatively optimistic” market judgment. For this reason, the insurance investment officer generally lowered the investment return target for the next 1 ~ 3 years. In terms of tactical allocation, the insurance investment officer said that he was most willing to allocate stocks, stock bases, infrastructure, bonds and equity investments.
The supervision of asset management of many securities companies receiving fines emphasizes compliance operation
Asset management of securities companies frequently receive fines. Recently, Zhejiang Securities Regulatory Bureau issued 11 punishment measures for Zhejiang Zheshang Securities Co.Ltd(601878) Asset Management Co., Ltd. and its relevant responsible persons. Industry insiders said that at present, all securities dealers are conducting self-examination according to the recent information management ticket violations. Local securities regulatory bureaus and companies carrying out private information management business within their jurisdiction are checking, and the trend of strict supervision is obvious.
Folding screen mobile phones are in short supply, and low-end chips in the industry are still in short supply
The reporter found that although the current folding screen mobile phone technology and mass production capacity have developed by leaps and bounds compared with the previous ones, the current market folding screen mobile phones are still in short supply because the market demand is much higher than the manufacturers’ expectations. There is still a shortage of chips in the mobile phone industry, but at present, it is mainly the shortage of medium and low-end chips and the first wave of capacity shortage of high-end chips, which is expected to be alleviated by the end of 2022 or 2023.
Upstream and downstream performance differentiation of chemical industry and surge in profits of coal enterprises
After the super bull market in the global bulk market in 2021, the performance benefit of upstream raw material end enterprises and the cost pressure of downstream processing enterprises have gradually become prominent. In recent days, upstream chemical enterprises have frequently heard of the sharp increase in the performance of benefiting from the price rise of products. Compared with chemical products, the coal market was even hotter in 2021. Although the price dropped significantly in the fourth quarter due to policy regulation, under the strong price center, relevant enterprises maintained a good profit level.
Securities Daily
In 2022, the issuance of local bonds was officially launched, and 20 places planned to issue 1.15 trillion yuan in the first quarter
On January 13, Henan Province took the lead in issuing 38.201 billion yuan of new special bonds, becoming the first province in China to issue local bonds in 2022. According to statistics, as of January 13, 20 provinces, autonomous regions, municipalities directly under the central government and cities specifically designated in the state plan, including Beijing, Guangxi and Heilongjiang, have announced local bond issuance plans. In January this year, it is planned to issue local bonds of about 428.55 billion yuan, and in the first quarter, it is planned to issue local bonds of about 1.15 trillion yuan.
Accelerate the digital transformation and promote the pilot of financial science and technology innovation in the capital market in multiple places
In March last year, the pilot of financial science and technology innovation in the capital market was officially launched, and Beijing took the lead in carrying out the pilot work with outstanding achievements. Up to now, Nanjing, Beijing, Shanghai, Shenzhen and Guangzhou have been approved as capital market financial science and technology innovation pilots. Industry experts believe that the pilot of financial science and technology innovation in the capital market is a valuable and necessary measure.
The strong demand for PPP project financing has accelerated the process of asset securitization
With the continuous practice of PPP mode for many years, recently, several PPP projects in many places have been completed and entered the operation period. Experts believe that the growth of financing demand for PPP projects is conducive to accelerating the process of asset securitization, and the PPP secondary market will usher in rapid development.
308 performance forecasts: more than 80% of the pre happy are concentrated in three industries
The data show that among the 308 companies, the performance is expected to exceed 80%, and 171, 65, 13, 15 and 3 companies are expected to increase, slightly increase, continue to make profits, reverse losses and reduce losses respectively, accounting for 86.69% in total; In addition, the total number of performance pre reduction, slight reduction, first loss, increase loss and continuation loss is 38; Another three are uncertain. According to the industry classification of CSRC, the 171 companies whose annual performance is expected to increase in 2021 are mainly concentrated in chemical raw materials and chemical products manufacturing, computer communication and other electronic equipment manufacturing, and pharmaceutical manufacturing.
21st Century Business Herald
10 billion private placement encounters Waterloo with high net value, high position and high concentration, and the risk of investment strategy is increased
Data show that since the beginning of the year, the net value of some products of Xitai investment, which won the champion of private placement performance in the first half of last year, has retreated by more than 10%. In addition, the net value of several products of Tongxi investment, alluvial assets and other institutions also retreated by about 8%. In the view of many private placement insiders, the net value of many 10 billion private placement institutions has been significantly withdrawn, which is strongly related to the recent sharp withdrawal of the valuation of many private placement heavy positions such as new energy, military industry and biomedicine.
In 2021, China Shipbuilding Industry Group Power Co.Ltd(600482) battery loading increased greatly, and local second-line enterprises rose rapidly
The technical strength of China Shipbuilding Industry Group Power Co.Ltd(600482) battery is in the leading position in the world, and local enterprises have strong competitiveness. Among the top 10 enterprises in China Shipbuilding Industry Group Power Co.Ltd(600482) battery loading volume in 2021, there are 9 Chinese enterprises. The data show that in 2021, China Shipbuilding Industry Group Power Co.Ltd(600482) battery cumulative output was 219.7gwh, a year-on-year increase of 163.4%; The sales volume was 186.0gwh, with a year-on-year increase of 182.3%; The loading volume was 154.5gwh, with a year-on-year increase of 142.8%.
people’s daily
Accelerate the formation of green and low-carbon transportation modes
Transportation emissions account for about 10% of China’s total carbon emissions. The action plan for carbon peak before 2030 issued by the State Council proposes to accelerate the formation of green and low-carbon transportation modes. In recent years, the transportation industry has continuously promoted the construction of green transportation infrastructure, continuously optimized and adjusted the transportation structure, and achieved positive results in energy conservation and emission reduction.
first finance
The first national plan of digital economy will be implemented, and the added value of core industries will exceed 10 trillion
The 14th five year plan for digital economy development issued by the State Council recently stipulates that by 2025, the added value of core industries of digital economy will account for 10% of GDP. In 2020, this figure is 7.8%, which means that there is a huge space for the development of China’s digital economy. The agency estimates that the added value of core industries of digital economy will reach 13 trillion yuan in 2025.
Pension fund surplus reduction personal pension on the agenda
The Institute of Finance and taxation of Renmin University of China recently released the financial development index report 2021 of various regions in China. The sustainability index of the social security fund in the report puts forward that the income of the basic old-age insurance fund for urban workers has been greatly reduced due to the impact of the tax relief policy for returning to work and production after the epidemic. The report suggests that we should speed up the establishment of a multi-level old-age security system, reasonably distinguish the old-age responsibilities of the government, enterprises and individuals, and promote the development of enterprise annuity, commercial old-age insurance and personal savings old-age insurance on the “insurance basis” of basic old-age insurance.
economic reference daily
The scale of attracting investment reached a new high and the potential of opening to the outside world was accelerated
1149.36 billion yuan, an increase of double digits, and the scale of attracting investment hit a new record high; High tech industry and service industry grew rapidly; The eastern, central and western regions have witnessed overall growth in attracting foreign investment… The “report card” of China’s absorption of foreign investment in 2021 released on January 13 is full of highlights, and the results are better than expected. With the implementation of policies such as lowering the access threshold and expanding the scope of encouraged industries, more foreign-funded enterprises will further increase their investment in emerging fields such as green and low-carbon, digital economy and more advantageous industries in the central and western regions. China’s absorption of foreign investment will also move towards a higher goal in 2022.
US inflation continues to rise, strengthening the Fed’s expectation of raising interest rates
Data show that the US inflation rate reached a 40 year high in December last year. The analysis shows that the high inflation environment in the United States is mainly driven by supply chain interruption, labor shortage, large-scale fiscal expenditure policy and ultra loose monetary policy. Affected by the epidemic, it is difficult for the U.S. inflation level to fall back to the 2% target set by the Federal Reserve in the short term, and the expectation of faster interest rate hike by the Federal Reserve has increased.
