Incremental capital:
Fund issuance: newly established fund shares (partial share type): the newly issued shares in this period were 3.505 billion, compared with 1.957 billion in the previous period.
Shanghai Stock connect and Shenzhen Stock connect: the funds of Shanghai Stock connect and Shenzhen Stock connect in this period are net inflows. In this period, the net inflow of Shanghai Stock connect was 11.489 billion yuan (the net outflow of the previous period was 1.875 billion yuan), and the net inflow of Shenzhen Stock connect was 3.729 billion yuan (the net outflow of the previous period was 5.447 billion yuan); The total net inflow was 15.218 billion yuan (the total net outflow in the previous period was 7.322 billion yuan).
Margin trading balance: the margin trading balance decreased by 2.429 billion yuan month on month. As of May 20, the margin trading balance of the two cities was 1443709 billion yuan (1443722 billion yuan in the previous period), and the margin trading balance was 79.780 billion yuan (82.196 billion yuan in the previous period).
Capital pressure:
IPO Financing scale: 6 new shares were listed in the current period, with a total fund-raising of 4.067 billion yuan (3 new shares were listed in the previous period, with a total fund-raising of 973 million yuan).
Increase and decrease of industrial capital: the net reduction of secondary market in this period is 2.898 billion yuan (the net reduction of last period is 4.354 billion yuan).
Lifting pressure: in terms of potential lifting funds, the current market (05160520) ushered in the lifting scale of about 797.13 yuan, and the lifting pressure scale of the previous market (05090513) and the next market (05230527) were 79.301 billion yuan and 50.056 billion yuan respectively.
Transaction cost: the transaction cost of this period is 8.613 billion yuan (8.823 billion yuan in the previous period).
Money supply:
Open market: the net withdrawal of currency in this period is 10 billion yuan (the net investment of currency in the previous period is 40 billion yuan).
Medium term lending facilities: in May, the one-year MLF operation was carried out, with an interest rate of 100 billion yuan and an interest rate of 2.85%, the same as the previous period. A total of 150 billion yuan was invested in April.
Credit currency derivation: in April 2022, M1 increased by 5.1% (4.7% in the previous period); The growth rate of M2 was 10.5% (9.7% in the previous period). In March 2022, social finance increased by 0.91 trillion yuan (about 4.65 trillion yuan in the previous period), and financial institutions increased RMB loans by 0.36 trillion yuan (about 3.23 trillion yuan in the previous period).
Market capital price:
Money market: in this period, Shibor’s overnight interest rate increased by 1.20bp and Shibor’s weekly interest rate decreased by 0.60bp; The weighted interest rate of inter-bank pledged repo (1 day) was increased by 1.24bp, and the weighted interest rate of inter-bank pledged repo (7 days) was increased by 3.52bp; The yield of interbank certificates of deposit decreased by 2.56bp in three months; The weighted inter-bank lending rate (one day) was increased by 0.05bp, and the weighted inter-bank lending rate (seven days) was increased by 0.12bp.
Treasury bond market: the yield of one-year treasury bond was reduced by 4.89bp to 2.03%, the 10-year Treasury bond was reduced by 0.58bp to 2.82%, and the term interest margin was expanded by 6.34bp.
Financial market: the yield of RMB financial products (three months) was 3.61%, up 4.50bp from last week.
Risk tip: the Sino US trade friction has intensified and the epidemic has not been effectively controlled
