Macro strategy Daily: in 2021, the actually used foreign capital reached 1.15 trillion, and the scale of attracting foreign capital reached a record high

In 2021, the actually used foreign capital reached 1.15 trillion, and the scale of attracting foreign capital reached a record high

According to the data released by the Ministry of Commerce, in 2021, the actual amount of foreign capital used in China was 1149.36 billion yuan, a year-on-year increase of 14.9%, achieving double-digit growth. The scale of investment attraction has reached a new record, and both the scale and quality of investment attraction have been improved. Pay attention to the following points: 1) high tech industry is growing rapidly. The actual use of foreign capital in high-tech industries increased by 17.1% year-on-year, including 10.7% in high-tech manufacturing and 19.2% in high-tech services. The actual amount of foreign capital used in the service industry was 906.49 billion yuan, a year-on-year increase of 16.7%. 2) one belt, one road, and ASEAN Investment grew faster, and real investment increased by 29.4% and 29% respectively, higher than the national growth rate of attracting foreign investment. 3) Investment in the East, central and western regions increased in an all-round way, with a year-on-year increase of 14.6%, 20.5% and 14.2% respectively.

Overall, in 2021, the scale and quality of China’s foreign investment will be further improved, and significant development will be made in stabilizing foreign trade and foreign investment. RCEP came into effect in January, which is expected to provide greater policy benefits and opportunities for China’s efforts to stabilize foreign investment. At present, some Chinese enterprises have obtained the agreed preferential tariff rate and enjoyed the policy dividend. The Ministry of Commerce will further guide local governments to strengthen the connection between local development and RCEP and enhance the international competitiveness of enterprises. In the future, China will further expand the level of opening to the outside world, further optimize the foreign investment environment, guide more foreign investment in high-end manufacturing, green low-carbon and digital economy, and expand the scope of foreign investment.

Increase in financing balance. On January 12, the balance of A-share financing was 1705.779 billion yuan, an increase of 2.187 billion yuan month on month; The balance of margin trading was 1817.134 billion yuan, an increase of 2.929 billion yuan month on month. The balance of financing minus securities lending was 1594.424 billion yuan, an increase of 1.445 billion yuan month on month.

Net outflow of funds to the north. On January 13, the net purchase turnover of land stock connect on that day was – 585 million yuan, including 55.638 billion yuan of purchase turnover and 56.224 billion yuan of sales turnover, with a cumulative net purchase turnover of 164.7944 billion yuan. Hong Kong stock connect had a net purchase transaction of HK $1.339 billion on the same day, including a purchase transaction of HK $15.022 billion and a sale transaction of HK $13.683 billion, with a cumulative net purchase transaction of HK $2202.361 billion.

Money market interest rates fluctuated. On January 13, Bank Of Shanghai Co.Ltd(601229) inter-bank offered rate Shibor overnight interest rate was 2.2180%, up 24.60bp, Shibor weekly interest rate was 2.2020%, up 10.40bp. The weighted interest rate of pledged repo of deposit institutions was 2.2142% overnight, up 23.26bp and 2.1931% a week, up 11.33bp. The 10-year maturity yield of China national debt was 2.7858%, down 0.99bp.

The three major U.S. stocks fell, while European stock markets fluctuated. On January 13, the Dow Jones Industrial Average closed at 36113.62 points, down 0.49%; The S & P 500 index closed at 4659.03 points, down 1.42%; The NASDAQ index closed at 14806.81, down 2.51%. European stock markets, French CAC index closed at 7201.14 points, down 0.50%; The German DAX index closed at 16031.59, up 0.13%; The FTSE 100 index closed at 7563.85, up 0.16%. In the Asia Pacific market, the Nikkei index closed at 28489.13 points, down 0.96%; The Hang Seng Index closed at 24429.77, up 0.11%.

The dollar index fell. On January 13, the dollar index fell 0.14% to 94.8679. The euro rose 0.11% against the dollar to 1.1455. The dollar fell 0.40% against the yen to 114.1700. Sterling rose 0.02% against the dollar to 1.3706. The spot exchange rate of RMB against the US dollar closed at 6.3598, up 0.08%. The spot exchange rate of offshore RMB against the US dollar closed at 6.3645, depreciating by 0.04%. The central parity rate of RMB against the US dollar closed at 6.3542, up 0.18%.

Gold fell and crude oil fell. On January 13, Comex gold futures fell 0.20% to close at US $1822.10/oz. WTI crude oil futures fell 1.28% to close at US $81.70/barrel. Brent crude oil futures fell 0.86% to US $84.11/barrel. COMEX copper futures fell 0.99% to close at US $4.5115/lb. LME copper three-month futures fell 0.23% to close at US $9963 / ton.

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