daily selection
China Central Television Network: 18, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, presided over a symposium on stabilizing growth, stabilizing market players and ensuring employment in Yunnan. Li Keqiang said that reform should be used to solve the difficulties in moving forward. Give priority to employment, ensure employment and people’s livelihood by stabilizing market players, implement combined relief policies such as tax rebate and tax reduction, and guide financial institutions to delay the payment of interest on loans to small, medium-sized and micro enterprises and individual industrial and commercial households. Ensure stable food production and stable energy supply. While doing a good job in epidemic prevention and control, we will further unblock the logistics artery and microcirculation. Enhance the core competitiveness of state-owned enterprises and enhance the confidence of private enterprises with effective measures. Support platform economy and digital economy to legally comply with domestic and foreign listing and financing. Stabilize land prices and house prices, support residents’ reasonable housing needs, and maintain the steady and healthy development of the real estate market. [details]
China Securities News: on May 18, Weng Jieming, member of the Party committee and deputy director of the state owned assets supervision and Administration Commission of the State Council, said at the special promotion meeting on deepening the reform of state-controlled listed companies and striving to be a three-year action model for the reform of state-owned enterprises that we should strengthen and refine the main responsibility and main business, realize the clear ownership of sectors, focus on the main responsibility and main business, and develop the real economy. We should continue to increase the injection of high-quality assets into listed companies. The group company shall systematically sort out the unlisted and listed resources, and gradually inject the existing unlisted high-quality assets into the listed company in a planned way in combination with the actual situation. If necessary, it can also be listed separately. [details]
national development and Reform Commission: Shanxi Provincial Development and Reform Commission held a video conference to publicize and remind enterprises whose coal sales price exceeds the upper limit of the reasonable range, elaborate on the core points and relevant requirements of the national and local coal price regulation and supervision policies, and urge relevant enterprises to effectively standardize their business behavior and immediately adjust the coal sales price to a reasonable range. At present, relevant enterprises have made written commitments to strictly implement relevant policies and keep coal prices within a reasonable range. [details]
macro economy
The installed capacity of the national energy administration was about 2.47 billion kilowatts, up by the end of July. Among them, the installed capacity of wind power was about 340 million KW, a year-on-year increase of 17.7% Cecep Solar Energy Co.Ltd(000591) installed power generation capacity was about 320 million KW, an increase of 23.6% year-on-year. [details]
CCTV news client: recently, the Ministry of culture and tourism issued the decision on Amending the detailed rules for the implementation of the regulations on the administration of commercial performances to further deepen the reform of “releasing management services” in the performance market and stimulate the vitality of market players. [details]
Economic Information Daily: on May 18, 5, the national energy group held a centralized commencement (pre commencement) ceremony for power projects in 2022, announcing the commencement and pre commencement of 11 power projects with a total installed capacity of 12.38 million KW, including onshore new energy bases, offshore wind power, large hydropower, coal power expansion and upgrading and natural gas power generation. The total investment of 11 projects is 86.1 billion yuan. After completion, it is expected to add 48.5 billion kwh of power supply every year. The project is distributed in 10 provinces and regions, involving 9 subsidiaries of the national energy group, of which the installed capacity of clean and renewable energy accounts for about 60%. [details]
industry trends
surging news: on May 18, at the “2022 IT market annual meeting” hosted by CCID Consulting, Zhang Li, President of China Electronic Information Industry Development Research Institute (i.e. president of CCID Research Institute), said that enterprise digital transformation has become a compulsory course. We should explore the Innovation Paths and methods of key core technologies, enhance the role of key industries and key technologies in supply chain, and take into account industry enterprises The cost and benefit of IT enterprises should also consider the bearing capacity of the landing area. We should strengthen the moderately advanced layout of digital infrastructure and pay attention to data security. [details]
Securities Daily: according to the data of business agency, as of May 17, the spot reference price of lithium carbonate was 450000 yuan / ton, which was sideways for a week, down 6.52% from the historical highest price of 481400 yuan / ton set on April 1, 2022. From the perspective of lengthening the time line, this is the first high sideways trend after falling since the lithium carbonate price continued to rise in August 2021. [details]
Beijing News: on May 18, Qingzhou Zhihang, which focuses on L4 level automatic driving, officially reached a strategic cooperation with T3 travel, horizon and volcanic engine. Qingzhou Zhihang and T3 travel will jointly launch the public operation of robotaxi in Suzhou in July 2022. At the same time, the enterprise also launched the fourth generation mass production vehicle specification level automatic driving scheme DBQ V4, and the mass production cost is as low as 10000 yuan. [details]
Securities Times: passenger car association data show that from May 9 to 15, 230000 passenger cars were retailed, a year-on-year decrease of 22%, a month-on-week increase of 3% and a month-on-month increase of 26%; The wholesale of passenger cars was 236000, a year-on-year decrease of 29%, a month on week increase of 22% and a month on month increase of 47%. In the second week of May, the overall retail sales of narrow passenger car market reached 33000 vehicles per day, a year-on-year decrease of 22%, and the performance gradually warmed up and improved, an increase of 26% compared with the average value in the second week of April this year. [details]
stock market focus
financial Associated Press: in an investment sharing meeting on the afternoon of may 18, the well-known private equity Zhengxin Valley, once at the forefront of the storm, faced the doubts of investors. Lin Lijun, chairman of the company and chairman of the investment decision-making committee, said that the poor investment performance of Zhengxin Valley in the past nine months was the most stressful time in the past five or six years. Although the loss of Zhengxin Valley’s products this year is less than the market average, he is still not satisfied with the performance this year. According to Lin Lijun’s analysis of the current market, it is still in the stage of grinding the bottom. However, after 15 months of in-depth adjustment of the market, some enterprises representing the future development direction of China’s economy have reached the scope of investment. “Don’t be overly worried and pessimistic in times of difficulty. The bear market is used to cherish, not to lament.” Lin Lijun said. [details]
Securities Times: the Ministry of Finance and the Ministry of Commerce recently jointly issued an urgent document on further promoting the development of cold chain logistics, and decided to focus on promoting the development of Shenzhen Agricultural Products Group Co.Ltd(000061) cold chain logistics and support accelerating the construction of Shenzhen Agricultural Products Group Co.Ltd(000061) supply chain system.
The document emphasizes that on the basis of the construction of Shenzhen Agricultural Products Group Co.Ltd(000061) supply chain system, we should further focus on filling the short board of cold chain facilities and improving the quality system of cold chain logistics. With the boost and catalysis of multiple positive factors, the prosperity of the cold chain logistics industry is expected to continue to improve Soochow Securities Co.Ltd(601555) tracking the industrial chain shows that the design and planning leaders in the cold chain field and core equipment manufacturers have full orders, and the production capacity has been arranged to the second half of the year. [details]
financial Associated Press: after Tesla, GAC, velai and other auto enterprises, high-end auto brands also open their arms to silicon-based negative battery. From 2025, Mercedes Benz will carry a new high-energy density battery on the G-class electric vehicle, which adopts silicon-based negative electrode, and its energy density is 20% – 40% higher than that of similar batteries currently available. From the perspective of industrial chain, silicon-based negative electrode supporting materials are also expected to benefit simultaneously. The demand for products such as nano silicon powder, lithium supplement, silicon carbon negative electrode binder, carbon nanotube conductive agent and new electrolyte additives will be significantly catalyzed. According to the above report of CICC securities, the demand for silicon-based negative electrode will increase in 2025, which is expected to drive the demand for nano silicon powder / lithium replenishing agent / carbon nanotube conductive agent to reach 20000 / 20000 / 320000 tons respectively. [details]
securities times: new national standard for Baijiu will be implemented from June 1. In the past, in order to ensure the aroma and taste of Baijiu, enterprises could modify it by adding food additives. The new national standard specifies that Baijiu shall not use food additives. At the same time, all flavored Baijiu added with food additives are classified as blended liquor, which is clearly distinguished from Baijiu. Industry insiders believe that the implementation of the new national standard for Baijiu will also raise the threshold of the Baijiu industry, better rectify some chaos in the Baijiu market, and eliminate some low-quality production capacity in the industry. The original market structure will also be broken, so some Baijiu enterprises with brand quality and first mover advantage are expected to gain greater competitive advantage and market share. [details]
subscription of new shares: bond shares
new debt subscription: Hangyang convertible bonds
IPO: none
new bond listing: none
company news
Do-Fluoride New Materials Co.Ltd(002407) : company has officially entered TSMC’s qualified supplier system
st Chengxing: actual accuser Li Xing is under criminal detention
Jiangsu Lidao New Material Co.Ltd(603937) : proposed new energy battery collector material project
Cngr Advanced Material Co.Ltd(300919) : it is proposed to invest US $1.26 billion in the project of smelting high matte nickel from laterite nickel ore
Jiangxi Wannianqing Cement Co.Ltd(000789) : subsidiaries will resume work and production in an orderly manner
Bank Of Nanjing Co.Ltd(601009) : the largest shareholder of the company holds 2.33% more shares
Sichuan New Energy Power Company Limited(000155) : intends to transfer 5% equity of energy investment lithium industry to Sichuan Road & Bridge Co.Ltd(600039) Sichuan Road & Bridge Co.Ltd(600039) .
st Shennan: subsidiary has only passed Huawei technical certification and has not obtained relevant orders yet
Zhejiang Nhu Company Ltd(002001) : annual output of 500 tons of carbonic anhydride and 500 tons of azabicyclic acid project has been put into trial operation
Ja Solar Technology Co.Ltd(002459) : it is planned to invest 10.29 billion yuan to build the company’s integrated capacity expansion
Guizhou Yongji Printing Co.Ltd(603058) : convertible bonds increased by 290.96% in two days. Suspension verification
Zhejiang Dun’An Artificial Environment Co.Ltd(002011) : Gree Electric Appliances Inc.Of Zhuhai(000651) terminate the planning agreement and resume trading of 9.71% shares of the transferee company
st Zhongtai: withdraw the delisting risk warning and continue to implement other risk warnings
st easy to see: company stock delisting
data list
Shanghai and Shenzhen Stock Markets: on May 18, the three major indexes collectively opened higher, and then maintained the shock pattern. They rose and fell in the afternoon, and the Shanghai index once rose to 3100 points. As of the close, the Shanghai index fell 0.25%, the Shenzhen composite index fell 0.2% and the gem index fell 0.16%. On the disk, the concept sectors of textile and clothing, education and outdoor camping led the increase; Coal, chemical fertilizer, stephanine concept and other sectors led the decline. More than 2800 stocks rose in the two cities, and more than 100 stocks rose by the daily limit.
hong Kong stocks: hong Kong Hang Seng Index closed up 0.2%, Hang Seng technology index fell 0.29%, Internet technology stocks fell, and Kwai fell more than 2%. Auto stocks rose, with Weilai up more than 7%.
Shanghai Shenzhen Hong Kong stock connect: may 18, the net outflow of northbound funds throughout the day exceeded 2.2 billion yuan Wuliangye Yibin Co.Ltd(000858) , S.F.Holding Co.Ltd(002352) , and China stock market news were sold net of 208 million yuan, 147 million yuan and 143 million yuan respectively Byd Company Limited(002594) obtained the largest net purchase amount, with an amount of 356 million yuan.
dragon and tiger list: on May 18, the largest net capital inflow was Zhejiang Construction Investment Group Co.Ltd(002761) , which was 160 million yuan. Data show that the stock fell 9.92% during the day, with a turnover rate of 17.9% and a turnover of 2.931 billion yuan. The top net inflow of funds was the net purchase of CICC Shanghai Branch of 335853 million yuan. A total of 28 shares were involved in the institutional participation in the dragon and tiger list, of which 8 shares were net bought by the institution, and Zhejiang Construction Investment Group Co.Ltd(002761) was the most bought, amounting to 151 million yuan. In addition, 20 shares were sold by institutions, and Jiangxi Black Cat Carbon Black Inc.Ltd(002068) was sold the most, with a net sales of 37.155 million yuan in three days.
margin trading : as of May 17, the balance of Shanghai and Shenzhen stock markets was 1526764 billion yuan, a decrease of 493 million yuan compared with the previous trading day.
Among them, the financing balance was 1444992 billion yuan, a decrease of 475 million yuan compared with the previous trading day; The balance of securities lending was 81.772 billion yuan, a decrease of 18 million yuan compared with the previous trading day.
Shibor : Shibor reported 1.3260% overnight, up 0.1 basis points; Shibor reported 1.6470% in seven days, up 6.3 basis points; Three month Shibor reported 2.0780%, down 3.1 basis points
foreign exchange
On May 18, the central parity rate of RMB was reported at 6.7421, up 433 points, and the central parity rate of the previous trading day was reported at 6.7854 The onshore RMB closed at 6.7490 against the US dollar at 16:30 on May 18, down 18 points from the previous trading day
property market observation
financial Associated Press: Jiangsu Provincial Jiangsu Lianyungang Port Co.Ltd(601008) Municipal Bureau of housing and urban rural development issued the detailed rules for the implementation of supporting urban residents’ rigid and improved housing consumption on May 17, and decided to provide subsidies to urban residents (excluding Ganyu District) for purchasing new family only housing and the second set of improved housing. Specifically, during the period from May 18, 2022 to June 30, 2022, subsidies will be given at 1% and 1.5% of the purchase price for those who purchase less than 90 square meters (including 90 square meters) and more than 90 square meters of the family’s only house; 1% and 2% of the purchase price shall be subsidized for the second improved house with an area of less than 90 square meters (including 90 square meters) and more than 90 square meters. [details]
chinanews: according to the official website of Tianjin Municipal People’s government, the general office of Tianjin Municipal People’s government recently issued the implementation plan for accelerating the development of affordable rental housing in Tianjin. Among them, it is clear that the indemnificatory rental housing lessee who meets the provisions of the housing provident fund policy of Tianjin can withdraw the housing provident fund to pay the rent. [details]
International Information
interface news: the European Commission announced an energy plan called “repowereu” on the 18th to rapidly promote the transformation of green energy. The plan proposes to increase the overall target of renewable energy in 2030 in the EU’s “55% carbon reduction” policy portfolio from 40% to 45%; Establish a special EU Cecep Solar Energy Co.Ltd(000591) strategy to double Cecep Solar Energy Co.Ltd(000591) photovoltaic power generation capacity by 2025 and install 600gw by 2030; Double the deployment rate of heat pumps and take measures to integrate geothermal and Cecep Solar Energy Co.Ltd(000591) into modern regional and public heating systems; By 2030, 10 million tons of renewable hydrogen will be produced and 10 million tons will be imported to replace natural gas, coal and oil used by industries and transportation sectors that are difficult to reduce carbon. [details]
financial Associated Press: recently, UST, the third largest stable currency in the encryption industry, impacted the already depressed cryptocurrency market with “one’s own strength”. The collapse of the algorithm stabilization currency ust triggered a sell-off of billions of dollars, and its associated cryptocurrency Luna fell from a minimum of $100 to $0 Ping An Bank Co.Ltd(000001) 12, and the market value of more than $40 billion evaporated instantly. The whole encryption market also fluctuated sharply, and several stable currencies broke down temporarily. [details]
futures market
China Futures: China Commodity Futures mostly closed down, with iron ore down more than 5%, coke and coking coal down more than 4%, Shanghai tin, methanol and ferrosilicon down more than 3%, liquefied gas, rebar, apple, staple fiber and red jujube down more than 2%.
International Futures: international crude oil futures settlement price fell 2.5%. WTI June crude oil futures fell $2.81, or 2.5%, to $109.59/barrel. Brent July crude oil futures fell $2.82, or 2.52%, to $109.11 a barrel. COMEX June gold futures settlement price fell 0.2% to $1815.9 / ounce
overseas index
U.S. stock market: U.S. stocks opened low and went low, and the three major indexes fell sharply. The NASDAQ fell 4.73%, the biggest decline since May 6; The S & P 500 index fell 4.03%, the worst one-day performance since June 2020; The Dow fell 3.56%, the biggest decline since June 11, 2020. Most large technology stocks fell sharply, with Amazon down more than 7%, Tesla down 6.8%, apple down 5.64%, Google and twitter down nearly 4%. Bank stocks fell collectively, with Citigroup, Bank of America and Wells Fargo down more than 3%, Goldman Sachs and Morgan Stanley down more than 2%, and JPMorgan Chase down 1.7%.
European stock market: European major stock indexes collectively closed down, with Germany’s DAX30 index down 1.21%, Britain’s FTSE 100 index down 0.93% and France’s CAC40 index down 1.20%.
Asia Pacific Stock Market: on May 18, the Nikkei 225 index closed up 234.75 points, or 0.88%, at 2689450. South Korea’s Kospi index closed up 5.54 points, or 0.21%, at 262598.
