daily collection
China Central Television: Xi Jinping stressed that China’s overall economic development momentum is good. Last year, China’s GDP grew by about 8%, achieving the dual goals of high growth and low inflation. Despite the tremendous pressure brought about by the changes in the economic environment outside China, the fundamentals of China’s strong economic toughness, sufficient potential and long-term improvement have not changed. We are full of confidence in the future of China’s economic development.
national development and Reform Commission: according to the monitoring of the national development and Reform Commission, the national average pig grain price was 5.75:1 from January 10 to 14, entering the three-level early warning range of excessive decline set in the plan for improving the regulation mechanism of government pork reserves and doing a good job in maintaining supply and stabilizing prices in the pork market. At present, the pig production capacity is generally in a reasonable range. It is recommended that farms (households) scientifically arrange production and operation decisions to maintain the pig production capacity at a reasonable level.
China Securities News: the margin trading business committee of China Securities Association recently held a symposium on risk management of securities companies’ two financing business, which fully discussed the risk management of two financing and the provision for credit impairment, and recently issued the suggestions on risk management of margin trading and credit impairment measurement to the industry, Convey the good experience and practices of relevant securities companies and issues that need attention for the industry to learn from. In terms of business risk management, on the one hand, securities companies need to strengthen the dynamic control of transactions and refine the monitoring of position concentration and volatility; On the other hand, we need to constantly improve customer credit investigation and credit, maintain a reasonable collateral structure, and effectively prevent default risks, especially large losses.
Securities Times: China Securities Regulatory Commission held a 2022 system work meeting. The meeting stressed the need to comprehensively implement the stock issuance registration system as the main line and further promote the reform of the capital market. Adhere to the “three principles” of the reform of the registration system, make full “embroidery” efforts, and make practical preparations for careful thinking, business and clean government. Further improve the registration system arrangement with information disclosure as the core, highlight the top priority of the main board reform, accelerate the transformation of issuance supervision, further compact the “gatekeeper” responsibility of intermediaries, enhance the joint efforts of all parties, promote the formation of a good market ecology conducive to the full implementation of the registration system, and ensure the smooth implementation of the reform.
macroeconomic
China Central Television News: according to preliminary accounting, China’s GDP exceeded 114 trillion yuan in 2021, reaching 114367 billion yuan, an increase of 8.1% over the previous year and an average increase of 5.1% in the two years at constant prices.
Securities Times: the interest rate cut came again after only one month of comprehensive RRR reduction, and it was reduced by 10 basis points at a time, which shows the urgency of counter cyclical policies to stabilize growth. On January 17, the people’s Bank of China announced that in order to maintain the reasonable and abundant liquidity of the banking system, it carried out RMB 700 billion medium-term lending facility (MLF) operation and RMB 100 billion open market reverse repurchase operation on the same day. The bid winning interest rate of medium-term lending facility (MLF) operation and open market reverse repurchase operation decreased by 10 basis points.
China Central Television: according to the national development and Reform Commission, according to the recent changes in oil prices in the international market and the current refined oil price formation mechanism, China’s gasoline and diesel prices will increase by 345 yuan and 330 yuan per ton respectively from 24:00 on January 17, 2022.
Xinhua News Agency: Weng Jieming, deputy director of the office of the leading group for state owned enterprise reform of the State Council and deputy director of the SASAC of the State Council, said on January 17 that by the end of 2021, the corporate reform of China’s state-owned enterprises had been basically completed, and 97.7% of the enterprises managed by the Central Party and government organs and institutions directly under the State Council were corporate enterprises, Among local state-owned enterprises, corporate enterprises accounted for 99.9%, achieving a historic breakthrough.
industry dynamics
financial Associated Press: at the time of press release, the data of several mainstream mobile app stores such as Huawei, Xiaomi, oppo and vivo showed that the number of downloads of digital RMB (pilot version) app had exceeded 20 million times, nearly double that of 10 days ago. It is reported that during the Winter Olympics, domestic and foreign consumers can choose digital RMB app or digital RMB hardware wallet according to their own habits and preferences.
Shanghai Securities News: in order to fully understand the development of the life insurance industry, deeply figure out the risk base of the life insurance market, accurately grasp the life insurance market situation in 2021 and scientifically study and judge the development trend of the whole year in 2022, the regulatory authorities recently carried out a written investigation on the operation of the life insurance business. The content of this survey mainly includes four aspects: first, research and judgment on the operation and industry situation of life insurance companies in 2021. Second, the business plan of the life insurance company in 2022. The third is the operational risk analysis of the life insurance industry. Fourth, opinions and suggestions on strengthening and improving the supervision of life insurance.
financial Associated Press: according to the data of the national PPP project information monitoring service platform, 403 PPP projects were added from January to December 2021. By region, there are many new projects in Jiangxi Province, Shanxi Province and Guizhou Province. By industry, there are 149 new urban infrastructure projects; There are many new projects in agriculture, forestry, water conservancy, transportation, social undertakings, environmental protection and other industries. From the preliminary work, 211 new projects have passed project approval, approval or filing, feasibility demonstration and implementation scheme review. In terms of implementation, 187 of the 403 new projects have been signed.
daily economic news: during the Spring Festival transportation, the price of return tickets in many places across the country showed an upward trend. The average price of air tickets is about 802 yuan, with a year-on-year increase of more than 40% in 2021. Among them, the growth rate of Guangzhou Chengdu and Shenzhen Shanghai lines increased by about 30% year-on-year. In terms of order volume, the order volume of air tickets booked during the Spring Festival transportation in 2022 from January 10 to January 16 increased by more than 70% month on month.
stock market focus
first finance and Economics: Haitong Securities Company Limited(600837) said that there have been 24 trading days in this round of adjustment. As the Spring Festival approaches, the market trading activity will decrease. Subsequently, with the improvement of market sentiment and the continuous strengthening of investors’ confidence in steady growth policies, this round of adjustment may be coming to an end. Before the Spring Festival, institutions suggest to continue to adopt the bargain hunting strategy, Investors can wait patiently for the arrival of the market after the Spring Festival. In terms of specific sector allocation, Haitong Securities Company Limited(600837) recommends focusing on: first, small and medium-sized growth stocks with clear annual performance growth. The second is the high boom track varieties whose stock price is relatively low after adjustment, and the third is the varieties whose valuation is still relatively low.
China Securities Daily: 17 months on 1, Hou Hao, deputy director of quantitative investment department of China Merchants Fund, said that in the short term, the market worried that the market would worry about the impact of the Spring Festival’s peak selling season, and that the market sentiment was more depressed. Baijiu sector had a larger pullback in recent years.
However, according to the channel tracking, the wholesale price of high-end liquor remains stable, the rhythm of payment collection in the Spring Festival is good, the fundamentals are still relatively positive, and the structural growth of famous and high-quality liquor enterprises is highly uncertain. At present, the liquor sector valuation has dropped to a reasonable allocation interval, economic growth is expected to consume strong toughness, Baijiu Baijiu still has better allocation value.
China Fund News: in the stock market on the 17th, A-Shares rose due to the “interest rate cut” of the central bank. I don’t know if everyone ate meat? Is there a bull market after the interest rate cut? Dongxing strategy analysis said that it can boost in the short term, but the long-term impact is not obvious. After the interest rate cut, the index rose significantly on the same day. Since 2010, the Shanghai Composite Index has risen eight times and fallen three times in one day after the interest rate cut. However, the number of increases and decreases after one week and January is basically the same, without obvious regularity. Interest rate cuts cannot guarantee a trend rebound, but there are structural opportunities. At present, it is in a period of downward fundamentals and loose policy care hedging. There are twists and turns in the short term, and long-term easing is ready to turn warm in an all-round way or after the Spring Festival.
China Central Television finance and Economics: since the implementation of the new rules on inquiry under the registration system in September last year, there have been significant changes in investors’ new strategies in recent months, and the abandonment of purchases has increased significantly after winning the lot. According to statistics, from 2021 to September 18, before the implementation of the new regulations, the average number of abandoned shares of 125 new shares on the science and Innovation Board was 28300 shares. After the implementation of the new regulations, by the end of 2021, this number had risen to 167500 shares, an increase of 492%; The average number of abandoned shares of 98 gem new shares was 25100, an increase of 276% to 94300 after the new regulations. According to the data, 20 new shares were issued on the first day of 2021, a significant increase over previous years.
Subscription of new shares: Zhenlei technology, Weide information, Tongguan copper foil, Juncheng Technology
subscription of new bonds: none
IPO: Hujiang materials, Yike food, Maiwei biology
listing of new bonds: Kabei convertible bonds, guiran convertible bonds
company news
Andon Health Co.Ltd(002432) : the monthly performance of kit products does not represent the annual performance
Ningbo Zhenyu Technology Co.Ltd(300953) : it is proposed to invest 1.2 billion yuan in the production and manufacturing project of motor iron core and components
Zhejiang Xianju Pharmaceutical Co.Ltd(002332) : it is proposed to build a production line of 20 million injections and 200 million capsules
Chtc Helon Co.Ltd(000677) : the net profit in 2021 will increase by 940% – 1215% year-on-year
Tongling Nonferrous Metals Group Co.Ltd(000630) : the net profit in 2021 is expected to increase by 260.44% year-on-year
Baotailong New Materials Co.Ltd(601011) : the net profit in 2021 is expected to increase by 170.76% to 208.1% year-on-year
Wanhua Chemical Group Co.Ltd(600309) : the net profit in 2021 is expected to increase by 139% – 151% year-on-year
Shanghai Jahwa United Co.Ltd(600315) : the net profit in 2021 will increase by about 52% year-on-year
* ST Dexin: in 2021, the pre profit was 80 million to 110 million yuan, and the loss was reversed year-on-year
Shenzhen Jinjia Group Co.Ltd(002191) : subordinate companies sign strategic cooperation agreements with you and our industry
Unittec Co.Ltd(000925) : won the bid for the 284 million yuan signal system procurement project
Vantone Neo Development Group Co.Ltd(600246) : it is proposed to repurchase shares of 150 million yuan to 300 million yuan
Bozhon Precision Industry Technology Co.Ltd(688097) : it is proposed to raise no more than 1.7 billion yuan to expand and improve the main business
data list
Shanghai and Shenzhen Stock Markets: on January 17, the stock indexes of the two markets rebounded. As of the close, the Shanghai index rose 0.58%, the Shenzhen Component Index rose 1.51% and the gem index rose 1.63%. In terms of sectors, covid-19 drugs, digital currency, information security, software services, components, semiconductors and ships all rose sharply. Among them, covid-19 drug concept soared by more than 11%, and several stocks such as Hybio Pharmaceutical Co.Ltd(300199) rose by 20%. Covid-19 testing, aquatic products, medical care, etc. led the decline. About 160 stocks in the two cities rose by 10% or more.
Hong Kong stocks: Hang Seng Index closed down 0.68%, and Hang Seng technology index fell 0.77%. Real estate, consumer and technology stocks led the decline, with country garden falling more than 9%, leading the decline of blue chips. Some class B pharmaceutical stocks rose sharply, nuohui health rose by more than 33%, and geley pharmaceutical rose by more than 27%. Gambling stocks were strong, and sands China rose nearly 15%.
Shanghai, Shenzhen and Hong Kong stock connect: on January 17, north capital bought 1.707 billion yuan, including 323 million yuan for Shanghai Stock connect and 1.383 billion yuan for Shenzhen Stock connect. Among the top ten traded stocks, China Merchants Bank Co.Ltd(600036) , Yunnan Energy New Material Co.Ltd(002812) , Sungrow Power Supply Co.Ltd(300274) were among the top three, with net purchases of 560 million yuan, 452 million yuan and 422 million yuan respectively. The net sales of China Tourism Group Duty Free Corporation Limited(601888) , Contemporary Amperex Technology Co.Limited(300750) , Naura Technology Group Co.Ltd(002371) ranked among the top three, with net sales of 762 million yuan, 751 million yuan and 365 million yuan respectively.
dragon tiger list: on January 17, among the stocks on the list, the largest net capital inflow was Beijing Jetsen Technology Co.Ltd(300182) , with a net inflow of 254 million yuan in the three days. The data showed that the stock had a large daily limit of 20cm, up 46.01% in the past three days. The net flow of funds into the top Shenzhen Stock connect seats, with a net purchase of 196 million yuan on the third day. A total of 34 stocks were involved in the institutional participation in the dragon and tiger list, of which 16 were net bought by the institution, Kidswant Children Products Co.Ltd(301078) was the most bought, amounting to 127 million yuan. In addition, 18 shares were sold by institutions, and Ningbo Jifeng Auto Parts Co.Ltd(603997) was sold the most, amounting to 147 million yuan.
margin trading : as of January 14, the balance of two financial transactions in Shanghai and Shenzhen was 1809.974 billion yuan, a decrease of 4.801 billion yuan compared with the previous trading day. Among them, the financing balance was 170.926 billion yuan, a decrease of 4.32 billion yuan compared with the previous trading day; The balance of securities lending was 109.048 billion yuan, down 481 million yuan from the previous trading day.
Shibor : Shibor reported 2.1130% overnight, down 9.6 basis points; Seven days Shibor reported 2.1830%, down 3.0 basis points; Three month Shibor reported 2.4990%, down 0.1 basis points.
foreign exchange
On January 17, the central parity of RMB was reported at 6.3599, up 78 points, and the central parity of the previous trading day was reported at 6.3677. The onshore RMB closed at 6.3466 against the US dollar at 16:30, down 31 basis points from the previous trading day.
property market observation
financial Associated Press: Ning Jizhe, director of the National Bureau of statistics, said at a press conference on the 17th that the supply of the real estate market is gradually optimized. With the steady progress of real estate regulation policies, the development of real estate development enterprises is more stable, and the real estate industry is developing and changing in the direction of intensive, efficient, long-term, healthy and stable.
financial Associated Press: the net absorption of office buildings in Shanghai reached a record high, about 1.3 million square meters, an increase of 160% over 2020. Among them, driven by the expansion of domestic financial services, professional services, new technology media and retail, the net absorption of the core business district reached 413000 square meters. The rent has also stopped falling and rebounded. The average rent quotation in 2021 reached 277 yuan / month / square meter, which is the first rebound in five years.
international information
interface news: the monetary authority of Singapore (MAS) issued guidelines on Monday to restrict cryptocurrency trading service providers from promoting their services to the public in order to protect retail investors from potential risks. Due to the relatively clear regulatory and operational environment, Singapore is a popular location for cryptocurrency companies and one of the pioneers in developing a formal licensing framework in the world. However, the Singapore authorities have repeatedly warned that the transaction risk of digital payment token (DPT) or cryptocurrency is very high, there will be violent speculative fluctuations, and it is not suitable for the general public.
China News Network: the regional comprehensive economic partnership agreement (RCEP) has officially entered into force this year. China has established free trade ties with Japan and South Korea under the framework of RCEP. Chinese, Japanese and Korean scholars pointed out in the 8th China Japan ROK Cooperation Dialogue held in Haikou on the 17th that the three countries should strengthen cooperation under the framework of RCEP and take this opportunity to promote the negotiation of China Japan ROK free trade area.
futures market
China Futures: China’s commodity futures closed up or down, with thermal coal up more than 3%, fuel oil, low sulfur fuel oil and glass up more than 2%, peanut and crude oil up more than 1%, cotton and red dates up more than 1%. Coke, manganese and silicon fell more than 5%, coking coal fell more than 4%, apple fell more than 3%, ferrosilicon, LPG, pulp, iron ore, urea and international copper fell more than 2%, and Shanghai copper, Shanghai zinc and rapeseed meal fell more than 1%.
International Futures: Brent March crude oil futures closed up $0.42, or 0.49%, at $86.48/barrel.
overseas index
U.S. stock market: affected by the Martin Luther King Day holiday, U.S. stocks are closed on Monday.
European stock market: the financial times 100 stock average price index 17 of London stock market closed at 7611.23, up 68.28 points or 0.91% from the previous trading day. France Paris Stock Market CAC40 index closed at 7201.64 points, up 58.64 points or 0.82% from the previous trading day; Germany’s Frankfurt DAX index closed at 15933.72, up 50.48 points or 0.32% from the previous trading day.
Asia Pacific stocks: the Nikkei 225 index closed up 0.7% to 28333.52. South Korea’s Kospi index closed down 31.82 points, or 1.09%, at 2890.10.
