On Friday, May 20, the essence of today’s headlines is as follows:
china Securities Journal
The minimum purchase price of summer grain this year has been raised in an all-round way
This year, the state continued to implement the minimum purchase price policy for wheat and rice in some main producing areas, and the minimum purchase price level of wheat, early indica rice, medium and late indica rice and japonica rice was comprehensively raised.
The convertible bond market is hot, and experts suggest the risk of overestimation
On May 19, Yongji convertible bonds were suspended for verification. Previously, Yongji convertible bonds recorded the largest increase on the first day of listing, which attracted the attention of the Shanghai Stock Exchange. In addition to Yongji convertible bonds, only the intraday rise of convertible bonds this week triggered the temporary stop. Experts remind that the current overall valuation of the convertible bond market is still at an all-time high. Investors should pay attention to risks and invest rationally.
Foreign enterprises expand investment in China, constantly optimize the foreign trade structure, continue to make efforts to stabilize the basic market of foreign trade and foreign investment
Since the beginning of this year, a large number of multinational companies such as Volkswagen of Germany, POSCO of South Korea, American market openers and Hitachi of Japan have gradually put in place funds for large-scale investment projects in China, which has effectively driven the rapid growth of China’s investment.
The operation logic is clear, and the medium-term market of A-Shares is expected to start
In the context of the overnight sharp decline in US stocks, on May 19, A-Shares opened low and went high, and growth tracks such as wind power, photovoltaic and new energy vehicles increased significantly, becoming the main force in the market. In this regard, analysts said that after a substantial adjustment in the early stage, A-Shares have fully reflected various risk factors, and the operation logic of the future market will focus on “I” to carry out the medium-term repair market
Shanghai Securities News
Shanghai is studying and optimizing the policy of helping enterprises to bail out, which is expected to reduce the burden of enterprises by 140 billion yuan this year
Zhang Wei, vice mayor of Shanghai, said at the press conference on epidemic prevention and control in Shanghai held on May 19 that the early resumption of work and production may not have a high feeling and a strong sense of gain for the majority of small, medium-sized and micro enterprises. In this regard, the Shanghai municipal Party committee and the Shanghai municipal government attach great importance to it. According to the overall situation of epidemic prevention, they have formulated the overall arrangement for the resumption of work and production in stages and various measures to help enterprises rescue. They have also asked industrial departments at all levels to strengthen their efforts to listen to the opinions and demands of small and medium-sized enterprises and focus on solving problems.
Multiple credit protection tools landed on the Shanghai Stock Exchange to explore a new path for private enterprise financing and credit enhancement
Recently, the use of bond financing by private enterprises as a tool of credit protection has gradually become a climate Jinko Power Technology Co.Ltd(601778) , Chongqing Longhu, New Hope Liuhe Co.Ltd(000876) factoring and other private enterprises have successfully issued credit bonds, bringing a new trend to solve the “financing difficulties” of private enterprises Citic Securities Company Limited(600030) , China Securities Co.Ltd(601066) , Guotai Junan Securities Co.Ltd(601211) , Haitong Securities Company Limited(600837) , CSI finance and other market institutions have actively participated in the creation of credit protection tools and jointly explored a new path for private enterprise financing and credit enhancement.
Since April, insurance capital has been investigated nearly 2000 times, and electronics, medicine and biology have become the most concerned sectors
Since April, insurance funds have conducted a total of 1982 surveys on A-share listed companies, nearly doubling compared with the same period last year, accounting for 57% of the total number of surveys this year. The two sectors of electronics, medicine and biology are most concerned by insurance funds. Among the top 20 companies most surveyed by insurance funds, the electronics sector has 6 seats. Luxshare Precision Industry Co.Ltd(002475) , shengmei Shanghai, Unigroup Guoxin Microelectronics Co.Ltd(002049) , Shenzhen Transsion Holdings Co.Ltd(688036) 4 companies have been surveyed by insurance funds more than 20 times this year. The pharmaceutical and biological companies most concerned by insurance funds are Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) and Shanghai Junshi Biosciences Co.Ltd(688180) .
The confidence of “steady growth” underpinned the bottom, and A-Shares remained relatively strong
On May 10, after A-Shares opened low and went high in an “independent market” on the occasion of the sharp fall of US stocks overnight, A-Shares continued to remain strong yesterday. Although they opened low in the morning due to the heavy fall of US stocks again, they then rose all the way. The three major stock indexes rose collectively in the afternoon and closed at the intraday high. At the close, the Shanghai Composite Index approached 3100 points, up 0.36%; The Shenzhen Component Index rose 0.37% and the gem index rose 0.50%. The net inflow of northbound funds throughout the day exceeded 5 billion yuan
Securities Times
Li Keqiang: increase the rescue efforts of market players and promote reform and opening up
From May 17 to 19, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, visited Qujing and Kunming accompanied by Wang Ning, Secretary of the Yunnan provincial Party committee and Wang Yubo, governor of Yunnan Province. He stressed that we should adhere to the guidance of Xi Jinping new era socialism with Chinese characteristics, implement the deployment of the CPC Central Committee and the State Council, fully implement the new development concept, effectively coordinate epidemic prevention and control and economic and social development, increase the relief efforts of market players, promote reform and opening up, stabilize employment, stabilize prices, ensure people’s livelihood, and maintain economic operation within a reasonable range.
Effective financing demand drops, credit is blocked, experts support the steady growth incremental policy, and LPR is expected to decline
The data of new credit social financing in April is “reasonable and unexpected”, which reflects that enterprises and residents are unwilling to borrow money, that is, what the central bank calls “significant decline in effective financing demand”. The reporter of the Securities Times recently interviewed a number of people, experts and scholars from banks and real enterprises. They all said that the impact of the epidemic on the real economy has further emerged, and the lack of effective financing demand has not improved. It is expected that the new credit social finance data in May will continue the weak trend in April. At present, we need to control the epidemic as soon as possible, study and issue incremental policy tools, promote economic activities, people flow and logistics to return to normal as soon as possible, and repair the wide credit still needs to be multi pronged.
When will the inflection point of pig cycle arrive? The industry is waiting for the second half of the year
When can the strongest pig cycle be reversed? The market is divided: optimists believe that China’s pig prices have recovered significantly since April, the share prices of some breeding listed companies have been reflected, and the inflection point of the cycle is coming; The cautious faction said that the grain price pushed up the breeding cost, the capacity removal has not been completed, the supply is abundant, and the demand is weak. The situation of large losses of pig enterprises will continue, and the industry will still be in the bottom grinding period for a long time.
The net outflow of northbound funds exceeded 8.5 billion during the month, and the style of active shares was switched
According to the statistics of securities times · databao, as of May 19, the net outflow of funds from northbound has exceeded 8.5 billion yuan since May. From a single trading day in May, the net outflow on May 16 and May 10 was more than 7.5 billion yuan, and the net inflow of funds going north on the latest trading day was 5.124 billion yuan
Securities Daily
Tackling key technologies and building a digital power
Premier Li Keqiang recently pointed out at the Symposium on stabilizing growth, stabilizing market players and ensuring employment that he supports the legal and compliant listing and financing of platform economy and digital economy at home and abroad.
“I Maotai” was officially launched. On the first day, a small capacity version of “Feitian” appeared. It’s hard to find a bottle
“Click to buy, it shows that there is no goods at all. Is it so difficult to grab on the first day of online?” “Wow, actually launched the small capacity version of” Feitian “, which can be purchased through official channels in the future. It’s very reassuring that it can at least be determined to be genuine”
The equity bidding of snowway mining is white hot, and GCL wants to “eat” this fat meat
According to the data of JD auction platform, as of 18:00 on May 19, 2022, the bidding for 54.29% equity of snowway mining has been up to 80 hours, the subject matter has been bid 2839 times, and the auction price has risen from the starting price of 3.3529 million yuan to 541 million yuan.
After combing the bidding records, the reporter of Securities Daily found that six mysterious buyers appeared in the auction on May 19.
Commodity futures market 42 varieties diving market analysts said that the third quarter of black goods may usher in an inflection point
The US dollar index rebounded sharply, the global stock market plunged across the board and the international oil price fell as the Fed’s expectation of raising interest rates continued to heat up; In the context of internal and external disk linkage, on May 19, the disk of China’s commodity futures opened low across the board. As of the closing, there were only 42 varieties of non-ferrous metals, of which only the black ones had a slight decline
people’s daily
Support the accelerated development of new energy vehicles and the investigation on the recycling of waste power batteries: a diversified recycling network has initially taken shape
Recycling is an important part of turning waste power batteries into treasure. In view of the key factors restricting the standardized development of the industry, such as cost and raw materials, the state has issued a number of policies and optimized the system design. All parties around the country are also constantly exploring new models and methods to actively integrate resources. At present, the whole life cycle traceability monitoring system of power battery has been established, and a diversified recycling network has initially taken shape
first finance
The mortgage interest rate in 20 cities fell to 4.4% at the lowest, followed by follow-up or more cities
On May 19, the think tank center of E-House Research Institute released a report showing that 20 Chinese cities, including Guangzhou, Shenzhen, Tianjin, Jinan, Qingdao, Zhengzhou, Suzhou, Kunming, Chongqing, Shenyang, Rizhao, Puyang, Changshu, Jiaozhou, Nantong, Yibin, Wuxi, Changzhou, Fuyang and Xichang, all had mortgage interest rates of 4.4%.
Will the decline in global air cargo demand affect freight rates?
Air France KLM, Europe’s largest airline group, and CMA CGM, the world’s third-largest container carrier, announced this week that the two companies would integrate their cargo networks and sign an exclusive 10-year air cargo cooperation agreement. The combined capacity of the two companies currently includes 10 all cargo aircraft and 12 aircraft under order. Air France KLM also has the belly capacity of more than 160 long-distance aircraft
21st Century Business Herald
The “car to the countryside” policy was introduced in June? Netizen: “I have a strong desire to buy a car”! Here comes the truth
On May 19, the automobile industry association has publicly refuted the rumor. The policy of “automobile going to the countryside” will be introduced in early June. The relevant person in charge of China Automobile Industry Association told the daily economic news that it was “false news”. Cui Dongshu, Secretary General of the passenger Federation, also hesitated to the reporter of the 21st century economic report: “there won’t be such a big incentive policy.”
How far is the EU’s “energy independence”?
Amid the rumble of gunfire, the curtain of the EU’s vigorous promotion of “energy independence” officially opened. On May 18 local time, the European Commission announced the details of the “repowereu” energy plan on its official website, aiming at “getting rid of energy dependence on Russia” and “rapidly promoting energy transformation”. Specifically, the EU plans to “three pronged”, starting from energy conservation, diversification of energy supply and accelerating the promotion of renewable energy, to replace fossil fuels in the fields of household, industry and power generation. The proportion of renewable energy will increase from 40% to 45% in 2030
economic reference
Helping enterprises to bail out the capital market and focusing on stabilizing the macro-economic Market
Since this year, affected by multiple factors, many enterprises, especially some private holding and small and medium-sized listed companies, have faced production and operation difficulties and financing pressure. In this context, the CSRC system actively implements the requirements of the central government, enriches corporate bond financing tools, actively gives play to the resource allocation function of the capital market, improves the corporate financing environment, and helps stabilize the macro-economic market.
Institutions gather to investigate the growth of small and medium-sized banks of listed urban rural commercial banks
Since this year, the research enthusiasm of institutions for listed banks is still high, but there has been a certain differentiation in the direction of attention, and the attention to listed cities and rural commercial banks is increasing day by day. According to the data, as of the press release on May 19, a total of 20 A-share listed banks were investigated by institutions during the year, and the total number of institutions participating in the investigation reached 1910 times. It is worth noting that the listed banks investigated by institutions during the year were urban commercial banks and rural commercial banks.
