daily selection
China Central Television Network: the National Committee of the Chinese people’s Political Consultative Conference held a special consultation meeting on “promoting the sustained and healthy development of the digital economy” in Beijing on the 17th. Liu He, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the meeting and delivered a speech. He pointed out that the global digital economy is showing new features such as intelligence, quantization and cross-border integration. We should strive to adapt to the all-round changes brought about by the digital economy, fight for key core technologies, support the sustainable and healthy development of the platform economy and the private economy, handle the relationship between the government and the market, support digital enterprises to be listed in the capital markets outside China, promote competition with openness and innovation with competition. [details]
Shanghai Securities News: 16, issue 10 of “Qiushi” in 2022 published the article “persevere in preventing and resolving major financial risks” written by the Party committee of the CBRC. The article revealed that the basic framework of the financial stability guarantee fund has been preliminarily established, the first batch of 64.6 billion yuan of funds has been raised, the deposit insurance system has been strengthened, and the management measures of insurance guarantee fund and trust industry guarantee fund are being revised and improved. [details]
China Central Television: Wang Chunying, deputy director and spokesman of the State Administration of foreign exchange, said that at present, the external environment is still complex and changeable, but China effectively coordinates epidemic prevention and control and economic and social development. The fundamentals of strong economic resilience, sufficient potential, wide land for maneuver and long-term improvement will not change. At the same time, in recent years, China’s foreign exchange market has become more mature and more resilient. It has more foundation and conditions to adapt to the adjustment and changes of the external environment and maintain the overall stable pattern of cross-border capital flows. [details]
macro economy
first finance and Economics: Zhang Yunming, Vice Minister of the Ministry of industry and information technology, revealed at the 2022 World Telecommunication and information society day conference on the 17th that China has built nearly 1.6 million 5g base stations, becoming the first country in the world to build 5g networks on a scale based on independent networking mode. Fixed broadband has been upgraded from 100m to Gigabit, and the proportion of optical fiber users has increased from less than 10% in 2012 to 94.3% in 2021. [details]
China News Network: the Information Office of Chongqing municipal government held a press conference on the 17th, announcing that as the only province in central and Western China to carry out a comprehensive pilot of expanding the opening-up of the service industry, Chongqing will explore and implement the negative list management mode of service trade, try first in terms of rules such as cross-border data flow, multimodal transport and intellectual property rights, and deepen the opening-up of the service industry. [details]
interface news: according to the website of the Ministry of industry and information technology, in order to promote the collaborative innovation and application iteration of the industrial Siasun Robot&Automation Co.Ltd(300024) industrial chain, the first Department of equipment industry of the Ministry of industry and information technology organized the online docking meeting of the industrial Siasun Robot&Automation Co.Ltd(300024) industrial chain on May 11 and 17. System solution suppliers from textile, building materials, shipbuilding, construction machinery, automobile and other fields shared the application and demand direction of industrial Siasun Robot&Automation Co.Ltd(300024) for the development of industrial intelligent manufacturing, and industrial Siasun Robot&Automation Co.Ltd(300024) complete machine enterprises introduced product innovation and application. [details]
industry trends
interface news: on the morning of May 17, the large multi-purpose civil helicopter ac313a independently developed by the aviation industry made its first flight at Lumeng airport in Jingdezhen, Jiangxi Province, marking new progress and new tools in the construction of China’s aviation emergency rescue equipment system. [details]
China News Network: China Automobile Industry Association disclosed on the 17th that in April 2022, the added value of China’s automobile manufacturing industry decreased by 31.8% year-on-year, and the retail sales of automobiles decreased by more than 30% year-on-year. [details]
first finance and Economics: huachu.com issued a notice on the bidding transaction of the eighth batch of central reserve frozen pork in 2022, with a bidding transaction of 40000 tons. [details]
China Securities News: may 17, at the 2022 World Telecommunication and information society day conference, song Qizhu, chairman of China Radio and television network Co., Ltd., introduced that China Radio and television has been actively planning and promoting the integrated development of national cable television network and radio and television 5g construction since it was awarded 5g communication license. Up to now, the construction of radio and television 5g core network and related business platforms is in the comprehensive finishing stage, and significant phased progress has been made in the interconnection with the three major operators. [details]
stock market focus
financial Associated Press: recently, Hu Jiguang, general manager of well-known private equity Chengquan capital, made a circle of friends remark that “the bottom of big a is successful within three months, and the Shanghai Stock Exchange index will reach a record high within two years”, which attracted industry attention and a lot of controversy. In response to this remark, Hu Jiguang responded to reporters that the remark was not out of a whim, but had strict logic and data support. [details]
interface news: the equity of a mining company in Sichuan Province was auctioned, which caused many bidders to bid and the scene was hot. At 10:00 on May 17, the 542857% equity of Yajiang snowway Mining Development Co., Ltd. held by Chengdu Xingneng new materials Co., Ltd. was auctioned on Jingdong bankruptcy auction platform. As of 18:20 on the same day, 12 companies had participated in the bidding, with more than 1300 bids. The starting price of the subject matter is 3.35 million yuan, and the latest bidding price is close to 160 million yuan, about 47 times higher than the starting price; The number of onlookers at the auction exceeded 230000 Qu Yinfei, lithium carbonate analyst of Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) new energy division, told reporters that the specific companies participating in the bid are uncertain. It is speculated that potential interested enterprises include Sichuan New Energy Power Company Limited(000155) ( Sichuan New Energy Power Company Limited(000155) . SZ), Sichuan Road & Bridge Co.Ltd(600039) ( Sichuan Road & Bridge Co.Ltd(600039) . SH), Youngy Co.Ltd(002192) ( Youngy Co.Ltd(002192) . SZ), Chengxin Lithium Group Co.Ltd(002240) ( Chengxin Lithium Group Co.Ltd(002240) . SZ), Gcl Energy Technology Co.Ltd(002015) ( Gcl Energy Technology Co.Ltd(002015) . SZ), etc. [details]
Securities Times: under the background of steady growth, the attention of the construction sector is unprecedented.
This year, the investment in infrastructure in all provinces and cities exceeded 12 trillion, and the investment in four provinces and cities exceeded 1 trillion. The orders of infrastructure listed companies in the first quarter increased by more than 40% year-on-year. Affected by factors such as “shrinking demand, supply shock and weakening expectation”, China’s GDP increased by 4.8% year-on-year in the first quarter of this year, which is a certain gap from the annual target of 5.5%. To achieve the goal of steady growth, the steady growth measures and policy support deployed in the early stage are expected to increase in the future, the infrastructure will usher in a more relaxed policy environment, and the investment logic sustainability of the construction industry is expected to be enhanced. [details]
financial Associated Press: CPPCC National Committee took “promoting the sustainable and healthy development of digital economy” as one of the important negotiation topics this year, and made suggestions in the form of special consultation meeting on the 17th. Previously, the special research group of the Economic Committee of the CPPCC National Committee has conducted remote video research and field research discussions on the development of digital economy in Zhejiang and Beijing respectively. Today, the supporting role of digital economy in China’s economic growth will be strengthened, and the proportion of digital economy in China’s GDP is still on the rise. During the 14th Five Year Plan period, the development direction of digital economy was determined, Orient Securities Company Limited(600958) pointed out that China’s digital economy has turned to a new stage of deepening application, standardizing development and sharing benefits. [details]
subscription of new shares: Yuncong Technology
new bond subscription: none
IPO: Zhongke Jiangnan and Dayu biology
new bond listing: Hefeng convertible bond and Yaoshi convertible bond
company news
Red Avenue New Materials Group Co.Ltd(603650) : subsidiary plans to acquire 33% equity of Beixu electronics with RMB 197 million
Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) : intends to use its own funds of no more than 20 billion yuan to purchase structured deposits
Jiangsu Hengrui Medicine Co.Ltd(600276) : adebailimab injection and shr-8068 injection were approved for clinical trials
Shanghai Fosun Pharmaceutical (Group) Co.Ltd(600196) : holding subsidiary obtains the notice of approval of drug supplementary application
Nanjing Tanker Corporation(601975) : since the outbreak of the conflict between Russia and Ukraine, the freight rate of the company’s foreign trade business has increased significantly
Shanxi Meijin Energy Co.Ltd(000723) : it is planned to invest no more than 4.5 billion yuan in the construction of coal coke hydrogen comprehensive utilization demonstration project
Lingyi Itech (Guangdong) Company(002600) : it is proposed to invest about 13 billion yuan in new projects and new energy structural parts projects
S.F.Holding Co.Ltd(002352) : 4 month express logistics business revenue decreased by 8.47% year-on-year
Youngor Group Co.Ltd(600177) : plans to donate Puji hospital and related assets to Ningbo municipal government, with an estimated value of 1.36 billion yuan
Jiangsu Tianmu Lake Tourism Co.Ltd(603136) : shareholders intend to reduce their shares by no more than 2.53%
Cnnc Hua Yuan Titanium Dioxide Co.Ltd(002145) : intends to repurchase shares with RMB 500 million to RMB 1 billion
Shanghai U9 Game Co.Ltd(600652) : Shanghai stock exchange decides to terminate the listing of the company’s shares
Zhongxing Tianheng Energy Technology (Beijing)Co.Ltd(600856) : Shanghai stock exchange decides to terminate the listing of the company’s shares
data list
Shanghai and Shenzhen Stock Markets: may 17, the three major indexes collectively opened higher and fluctuated upward in the afternoon. As of the close, the Shanghai index rose 0.65%, the Shenzhen Composite Index rose 1.23% and the gem index rose 1.62%. On the disk, automobile, energy metal, photovoltaic equipment and other sectors led the increase; Commercial department stores, engineering construction, traditional Chinese medicine and other sectors led the decline. More than 1800 stocks rose in the two cities, and more than 70 stocks rose by the daily limit.
Hong Kong stocks: Hong Kong stocks collectively closed higher, Hong Kong’s Hang Seng Index rose 3.27%, Hang Seng technology index rose 5.78%, Internet technology, automobile, apple concept and other sectors were among the top gainers, with Shunyu optical technology up more than 13%, Geely Automobile up more than 8%, JD and Alibaba up more than 7%, and Byd Company Limited(002594) up more than 6%.
Shanghai Shenzhen Gangtong: may 17, BEIXIANG capital bought a net 5.96 billion yuan throughout the day; Among them, the net purchase of Shanghai Stock connect was 3.283 billion yuan and that of Shenzhen Stock connect was 2.677 billion yuan. Among the top ten traded stocks, Contemporary Amperex Technology Co.Limited(300750) , China Merchants Bank Co.Ltd(600036) , Ping An Bank Co.Ltd(000001) net purchases ranked among the top three, with net purchases of 746 million yuan, 595 million yuan and 349 million yuan respectively. The first three stocks sold net were Zijin Mining Group Company Limited(601899) , Naura Technology Group Co.Ltd(002371) , Sungrow Power Supply Co.Ltd(300274) , with net sales of 156 million yuan, 128 million yuan and 117 million yuan respectively.
dragon and tiger list: on May 17, the largest net capital inflow was Nanjing Tanker Corporation(601975) , which was 582967 million yuan. Data show that the stock rose 4.01% during the day and 25.91% in the past three days. The net inflow of funds into the top CICC fortune Shenzhen Aiguo road bought 160 million yuan on the third day. A total of 25 stocks were involved in the institutional participation list, of which 10 were net bought by the institution, Nanjing Tanker Corporation(601975) was the most bought, with a net purchase of 123 million yuan in three days. In addition, 15 shares were net sold by institutions, and Gansu Qilianshan Cement Group Co.Ltd(600720) was sold the most, amounting to 241 million yuan.
margin trading : as of May 16, the balance of Shanghai and Shenzhen stock markets was 1527257 billion yuan, an increase of 1.339 billion yuan over the previous trading day. Among them, the financing balance was 1445467 billion yuan, an increase of 1.745 billion yuan over the previous trading day; The balance of securities lending was 81.79 billion yuan, a decrease of 406 million yuan compared with the previous trading day.
Shibor: Shibor reported 1.3250% overnight, up 1.4 basis points; Shibor reported 1.5840% in seven days, down 13.0 basis points; Three month Shibor reported 2.1090%, down 3.6 basis points.
foreign exchange
On May 17, the central parity rate of RMB was reported at 6.7854, up 17 points, and the central parity rate of the previous trading day was reported at 6.7871 The onshore RMB closed at 6.7472 against the US dollar at 16:30, up 495 basis points from the previous trading day
property market observation
financial Associated Press: the reporter learned from several real estate agencies in Zhengzhou, Henan province that at present, the interest rate of the first house loan in the market in this region has dropped to 4.4%. A real estate agent in Zhengzhou said that at present, more than half of the real estate projects cooperated by the intermediary company can implement the first mortgage interest rate of 4.4%. The credit officer of a branch of a large bank in Zhengzhou said that the interest rates of different real estate projects cooperated by the bank are different. At present, the interest rate of the first house loan is 4.4% or 4.6%. [details]
financial Associated Press: Taizhou housing and Urban Rural Development Bureau of Jiangsu Province issued the notice on effectively coping with the impact of the epidemic and promoting the healthy development of urban real estate industry. There are 12 policies in the notice to promote the stable development of the real estate market, mainly including increasing the loan limit of provident fund to 500000 yuan, adjusting the limited transfer period of commercial housing from two years to one year, and giving house purchase subsidies and 50% deed tax subsidies to people with college degree or above from May to December. [details]
International Information
CCTV news client: on the 17th local time, the Indian government decided to allow the export of wheat goods that had been submitted to the Customs for inspection and recorded in the customs system on or before May 13. The government also allowed a shipment of wheat to Egypt, which had been loaded at the port. [details]
first finance and Economics: at a time when the global wheat market is facing supply shortage, Russian President Vladimir Putin recently said that Russia is expected to have a bumper grain harvest this year, including a record wheat harvest. “According to experts, a good harvest is expected this year. Of course, these are preliminary estimates. The grain harvest can reach 130 million tons, including about 87 million tons of wheat.” “This will break the record in the whole history of Russia,” Putin said [details]
futures market
China Futures: China Commodity Futures mostly closed up, with low sulfur fuel oil, crude oil and coking coal up more than 3%, fuel oil, asphalt and Shanghai Bank up more than 2%, and coke, liquefied gas, manganese silicon, ferrosilicon, Shanghai nickel, peanut and urea up more than 1%. Pigs fell more than 4%, and Shanghai tin, palm and Shanghai aluminum fell more than 1%.
International Futures: international crude oil futures settlement price fell, and WTI crude oil futures settlement price exceeded Brent crude oil futures settlement price for the first time since May 2020. The settlement price of WTI June crude oil futures closed down US $1.80, or 1.57%, to US $112.40/barrel. The settlement price of Brent crude oil futures in July closed down US $2.31, or 2.02%, to US $111.93/barrel. NYMEX June natural gas futures closed up 4.37% to $8.3040/million BTU. COMEX June gold futures settlement price rose 0.27% to 181890 U.S. dollars / ounce
overseas index
US stock market: the three major indexes of US stocks closed higher, with the NASDAQ up 2.76%, the S & P 500 up 2.02% and the Dow up 1.34%. Popular Chinese concept stocks rose sharply, with Weilai up more than 14%, iqiyi up more than 7%, pinduoduo and Alibaba up more than 6%, and jd.com up more than 4%. Most large technology stocks rose sharply, Tesla and NVIDIA rose more than 5%, and Apple Rose 2.54%. Wal Mart closed down 11.4%, the biggest one-day decline since 1987.
European stock market: European major stock indexes collectively closed higher, with Germany’s DAX index up 1.59%, France’s CAC40 index up 1.3%, Britain’s FTSE 100 index up 0.72% and Italy’s FTSE MIB index up 1.12%.
Asia Pacific Stock Market: on May 17, the Nikkei 225 index closed up 111.95 points, or 0.42%, at 266590. South Korea’s Kospi index closed up 23.86 points, or 0.92%, at 262044.
