Preparation of Zhongtai digital RMB analog index: since there is no official index or market consensus index for digital RMB at present, in order to better grasp the market trend and facilitate investors to understand and participate in market investment, Zhongtai Securities Co.Ltd(600918) research team of small and medium Cap & new third board of Research Institute has prepared Zhongtai digital RMB analog index with reference to innovation index (899003), science and innovation 50 ( Guocheng Mining Co.Ltd(000688) ) and gem index (399006).
The simulation index selects January 7, 2022 as the base date, and the base point is 1000 points;
According to the distribution weighting method, the free circulation shares are selected for weighting, and the weighting factor is set so that the free circulation market value of individual shares is not higher than 5%.
We will use the index in the follow-up digital RMB biweekly report until the digital RMB industry index recognized by the market is launched.
Market review of this period: in this period (2022.4.252022.5.13), the China Thailand digital RMB analog index rose 6.46%, higher than the Shanghai Stock Index (5.51%) and slightly lower than the gem index (6.71%). The average price earnings ratio of the digital RMB industry is 70.36. Among individual stocks, Unigroup Guoxin Microelectronics Co.Ltd(002049) , Xgd Inc(300130) , Beijing Cuiwei Tower Co.Ltd(603123) rose the most, rising 11.75%, 10.16% and 9.54% respectively in the current period.
News of this week: 1) implementation of the whole scene of digital RMB tax payment business; 2) The 4th Digital China Construction Achievements Exhibition was held; 3) The first digital RMB financial allocation business in China was implemented in Wenchang, Hainan; 4) Tianjin Finance Bureau carried out the pilot work of digital RMB wage payment; 5) Chongqing completed the first payment of digital RMB wages; 6) The first digital RMB travel scene in Guangzhou; 7) Chongqing promotes digital RMB app; 8) Hainan province carries out the activities of digital RMB duty-free shopping and full reduction; 9) Alipay launched the “digital RMB” search function; 10) Application of digital RMB in medical institutions; 11) Pilot implementation of prepaid platform for digital RMB education and training institutions; 12) Realize the payment application of digital RMB in the field of tourism; 13) Xiamen bus and subway support digital RMB payment; 14) Hangzhou Asian Games postponed; 15) Use digital RMB for settlement on the E-bidding procurement platform; 16) The first hospital in Hangzhou accepts digital RMB to pay medical expenses; 17) The first digital RMB new energy vehicle subsidy business in Hainan was implemented; 18) The digital RMB demonstration market of CCB was unveiled; 19) The first batch of RMB wages in Fujian; 20) Guangzhou North Ring Expressway opens digital RMB payment function; 21) digital RMB taxation is implemented in Tianjin.
Policy: 1) establishment of Ningbo Digital RMB pilot leading group; 2) Guangzhou promotes the pilot work of digital RMB.
Bidding information: 1) Postal Savings Bank Of China Co.Ltd(601658) Guangdong Branch 2022 digital RMB offline marketing activity service provider project; 2) Postal Savings Bank Of China Co.Ltd(601658) Chongqing Branch Digital RMB personal wallet online marketing development project; 3) Bank Of Communications Co.Ltd(601328) Xiamen Branch 20222024 digital RMB marketing activity centralized procurement project; 4) Hua Xia Bank Co.Limited(600015) digital RMB system project; 5) Bank Of China Limited(601988) Sichuan Branch 2022 digital RMB tianfutong travel discount special marketing activity service procurement project; 6) Postal Savings Bank Of China Co.Ltd(601658) Shenzhen Branch Digital RMB corporate wallet expansion service provider project.
This week’s view: the promotion of digital RMB continues to work, with multiple scenes landing one after another, and the popularity of digital RMB continues to rise. We expect that the digital RMB industry will continue to improve with the potential consumption rebound and economic recovery on the premise that the epidemic tends to be stable.
Focus on individual stocks: Xgd Inc(300130) , Chutian Dragon Co.Ltd(003040) , Shenzhen Sunline Tech Co.Ltd(300348) , Beijing Infosec Technologies Co.Ltd(688201)
Risk warning: the risk of deviation from the actual situation of the industry caused by limitations such as the construction method of simulation index is for reference only; The promotion of digital RMB is less than expected; Repeated outbreaks have caused the macro-economy to fall short of expectations.
