Overall, individual stocks in the A-share market rose more or fell less yesterday, with more than 3200 stocks rising. The turnover of Shanghai and Shenzhen stock markets was 1119.7 billion, up from 12.7 billion on the previous trading day. On the disk, covid-19 treatment, digital currency, network security, domestic software, virtual digital human and other sectors rose at the forefront. Covid-19 testing, medical devices, traditional Chinese medicine, phosphorus chemical industry, ports and other sectors led the decline. As of yesterday’s close, the Shanghai index rose 0.58%, the Shenzhen Composite Index rose 1.51% and the gem index rose 1.63%. The net inflow of northbound funds throughout the day was RMB 1.707 billion, including a net outflow of RMB 323 million from Shanghai Stock connect and a net inflow of RMB 1.383 billion from Shenzhen Stock connect.
Affected by the Martin Luther King Day holiday, US stocks are closed for one day on Monday. Major European stock indexes collectively closed higher, while Germany’s DAX30 index rose 0.34%.
At today’s morning meeting of securities companies, China International Capital Corporation Limited(601995) believed that the cycle of reducing reserve requirements and interest rates had begun, rather than coming to an end; Kaiyuan Securities said that the economic low point has passed and is fully optimistic about the stock market; In terms of sector opportunities, China Securities Co.Ltd(601066) proposed that the demand for energy storage increased significantly, and the construction industry welcomed major opportunities.
CICC: the cycle of reducing reserve requirements and interest rates has begun, not come to an end
Real estate is a slow variable, and there may be a time lag in the “wide finance” force. It is more necessary to “loosen the currency”, and the cycle of reducing reserve requirements and interest rates has been started, rather than coming to an end.
Looking forward to the first quarter, CICC expects that the impact of the “local new year” may be weaker than that in the same period of 2021, superimposed with the pre force of policies, and the month on month growth of GDP in the first quarter may be better than that in the same period of 2021. On January 17, 2022, the central bank cut interest rates by 10 basis points. It is expected that there is still room for further easing monetary policy. In addition to infrastructure, the “lenient finance” will also take more measures in the two key areas of transfer payment and tax reduction and fee reduction.
open source Securities: the economic low point has passed, and we are fully optimistic about the stock market
The market is overly pessimistic about economic expectations, and real estate does not have a great drag on the economy. With the mitigation of dual control of energy consumption and the correction of contractive policies, the economic low point has appeared from September to October 2021. At present, China’s economy has entered the recovery channel. Judging from the year-on-year GDP of 5.2% in the fourth quarter of 2021, it is more reasonable to set the GDP target of about 5.5% in 2022.
The interest rate cut is 10bp, which has reflected sufficient intention to stabilize growth. At the same time, it is expected that the approximate LPR rate will be reduced on January 20, one-year LPR may be reduced by 10bp, and five-year LPR may be reduced by 5bp, further releasing a clear signal of steady growth.
For the stock market, after a sharp correction at the beginning of the year, the risk has been significantly released. Open source Securities believes that the poor expectation of economic fundamentals will provide action for the stock market and are fully optimistic about the stock market.
China Securities Co.Ltd(601066) : the demand for energy storage has increased significantly, and the construction industry is facing major opportunities
energy storage technology is indispensable in the great development of new energy. Pumped storage and electrochemical energy storage are the main development direction in the future. under the dual carbon background, wind power generation will become the main energy form in the future, and its installed capacity will rise sharply. However, the natural instability of wind power new energy makes energy storage technology an indispensable tool to solve the problem. There are various forms of energy storage technology, among which pumped storage technology is the most mature and cost-effective, while electrochemical energy storage benefits from the continuous evolution of technology and has considerable room for cost reduction. From the perspective of the overall development of the industry, 2021 marks a turning point for the energy storage industry to officially cross a historic node and move towards a new era of rapid development. The central government has issued favorable policies for intensive energy storage to promote the overall development of the industry.
In May 2021, the opinions on further improving the price formation mechanism of pumped storage issued by the national development and Reform Commission directly addressed the market-oriented problems faced by the development of pumped storage, paving the way for the follow-up construction of pumped storage. With the medium and long-term development plan of pumped storage issued by the National Energy Administration in September, there is a significant expansion of pumped storage construction space, China Securities Co.Ltd(601066) it is predicted that the annual average investment scale of new pumped storage in the 14th five year plan and the 15th five year plan will reach about 20 billion yuan and 50 billion yuan.
