January 21st (Friday), the main contents of today's headlines are:
China Securities Journal
Map out the road map of local "steady growth" in three areas
The provincial and local two sessions were held intensively recently. On the 20th, the reporter found that many places set the GDP growth target of more than 6% this year, focusing on expanding investment, promoting consumption and scientific and technological innovation.
Research on bank housing loans: acceleration of bank lending in many places
The people's Bank of China authorized the national interbank lending center to announce that the quoted interest rate (LPR) of the loan market on January 20 was: the one-year LPR was 3.7%, down 10 basis points; LPR over 5 years was 4.6%, down 5 basis points. The reporter recently found through field research that the housing loan lending of banks in Beijing, Shanghai and Guangzhou has increased, and the housing loan interest rate of banks in Guangzhou, Shenzhen and other places has decreased.
Undervalued varieties are in the ascendant, and the return of growth track is expected
Since 2022, the market balance has tended to underestimate the value varieties, but the sound of bottom reading of high growth track has also come from time to time. Market participants said that the excess return of undervalued varieties essentially comes from valuation repair, and the continuous rise is constrained by many conditions; The comparative advantage of high growth track will be verified with the disclosure of financial reports. After the periodic repair of the undervalued sector, the investment opportunities are mainly in the growth direction of the small hard technology market.
How far can Hong Kong stock market go in the new year? Public offering points out two key factors
On January 20, the major indexes of Hong Kong stocks rose sharply, continuing the rebound momentum since the new year. The performance of Hong Kong stocks since 2022 is the same as the strong market in early 2021. Public funders said that the rebound of Hong Kong stocks was supported by three factors: valuation, capital and performance. Hong Kong stock investment in 2022 should pay attention to two key factors: first, how to better integrate the expected factors into the stock selection idea; Second, in the liquidity environment of "external tightening and internal loosening", will international institutional investors continue to overweight Hong Kong stocks.
Shanghai Securities Journal
LPR asymmetric "interest rate cut" has a profound meaning of stabilizing entities and real estate
The reduction of LPR reflects the pre force of macro policies, helps to stabilize market expectations, enhance the confidence of market subjects, and encourage enterprises to increase medium and long-term investment, which will have a positive effect on the current expansion of domestic demand, stabilizing external demand and the smooth operation of the real estate market.
The number of applications hit a record high! Bankruptcy reorganization has become the main channel for risk clearing of A-share companies
Bankruptcy reorganization has become one of the main channels for clearing the risks of A-share listed companies. According to statistics, in 2021, a total of 25 listed companies started bankruptcy reorganization, 17 of the controlling shareholders of listed companies started bankruptcy reorganization, and another company implemented bankruptcy reorganization for joint-stock companies. The number of companies involved in bankruptcy reorganization was 43, a record high.
Ministry of housing and urban rural development: unswervingly adhere to the principle of "no speculation in housing and housing" and enhance the coordination and accuracy of regulatory policies
The National Conference on housing and urban and rural construction was held on January 20. The meeting requested that in 2022, we should strengthen the regulation of the real estate market, enhance the coordination and accuracy of regulation policies, and resolutely and effectively deal with the risk of overdue delivery of real estate projects of individual real estate enterprises.
The era of "100 billion pieces" is coming, and the express logistics industry is "fighting" a value war
In 2021, China's express business volume is expected to reach 108.5 billion pieces; In 2022, it is expected to reach a new high of 122.5 billion pieces, with a year-on-year increase of 13%. The industry expects that the strong reshuffle of China's express industry will come. The industry leaders have smelled the smell of gunpowder and take the initiative to upgrade from price war to value war.
securities times
The State Council issued the tourism development plan for the 14th five year plan
On January 20, the State Council issued the "14th five year plan" for tourism development, which proposed to enhance the vitality of market players. We will strengthen, optimize and expand key tourism enterprises, steadily promote strategic mergers and acquisitions and large-scale, branded and networked operations, and cultivate a number of large tourism groups and tourism enterprises with international influence.
In the resumption of trading, the US Federal Reserve raised interest rates three times, and the probability of global stock markets falling first and then rising is high
Recently, there has been a wave of correction in global stock markets. The market generally believes that this is similar to the adjustment reasons in the first quarter of last year, that is, the interest rate of U.S. 10-year Treasury bonds rose rapidly and the expectation of interest rate increase was strong, which triggered the market adjustment. Through the resumption of the three interest rate increase cycles of the Federal Reserve since the 20th century, it is found that during the interest rate increase cycle of the Federal Reserve, the global stock market tends to fall first and then rise, while the performance of the A-share market is relatively independent.
The regulatory policy of pre-sale funds of real estate enterprises should be adjusted flexibly and appropriately
With the joint efforts of all parties, the real estate industry has passed the darkest hour, and there are obvious signs of recovery. The latest official data show that at the end of 2021, the balance of national real estate loans increased by 7.9% year-on-year, 0.3 percentage points higher than that at the end of September, and the real estate loans in the fourth quarter increased by 157.8 billion yuan more than that in the third quarter. Recently, real estate sales, land purchase and financing have gradually returned to normal, and market expectations have improved steadily.
Inter bank exchange bond market interconnection rules promulgated
With the approval of the people's Bank of China and the China Securities Regulatory Commission, yesterday, the Shanghai Stock Exchange, Shenzhen Stock Exchange, the national interbank lending center, China Securities Depository and Clearing Co., Ltd The inter-bank market clearing house Co., Ltd. (hereinafter referred to as the infrastructure institutions of the two markets) jointly issued the Interim Measures for the interconnection business between the inter-bank bond market and the exchange bond market, and significant progress has been made in the construction of the interconnection mechanism of the domestic bond market.
Securities Daily
For the first time in more than 5-year lpr21 months, the reduction is conducive to reducing the comprehensive financing cost and boosting market confidence
In 2022, the quoted market interest rate (LPR) of the first loan will be reduced. Li Yujia, chief researcher of Guangdong housing policy research center, said that the reduction of LPR over a five-year period can stabilize expectations and play a positive role in reducing the mortgage repayment burden, encouraging buyers to enter the market, promoting developers' payment collection and ensuring housing delivery. At the same time, its signal is of great significance.
One belt, one road, and 936 billion 690 million yuan in 2021, China's foreign direct investment increased rapidly.
In 2021, China's foreign investment and cooperation will develop steadily. The foreign direct investment of the whole industry was 936.69 billion yuan, a year-on-year increase of 2.2% (equivalent to 145.19 billion US dollars, a year-on-year increase of 9.2%). Xiao Benhua believes that China one belt, one road, the main growth point of this year's outward FDI is the "one belt and one way" along with the formal implementation of the RCEP agreement, and the investment in the economies participating in the agreement will also become an important growth point.
Experts believe that the narrowing of the interest rate gap between China and the United States to less than 100 basis points will not hinder the stable trend of the RMB exchange rate
Recently, the 10-year US bond yield has been rising. Affected by the short-term decline in the yield of China's 10-year Treasury bonds and the rapid rise in the yield of US bonds, the interest rate spread between China and the United States has narrowed.
Wang Youxin said that although the narrowing of interest margin at home and abroad may inhibit cross-border capital flows to some extent, overseas capital inflows into China not only pursue interest margin, but also pay attention to the safety of investment and the stability of exchange rate, which will offset the adverse impact of narrowing interest margin to a certain extent and stabilize cross-border capital flows and exchange rate trends.
Promote the development of platform economy and give better play to the role of new engine
According to the data, there are about 5400 platform economic enterprises in China. The rapid development of platform economy has brought us many conveniences. This new business form has played a positive role in optimizing resource allocation, promoting industrial upgrading, expanding consumer market and stabilizing employment, and constantly promoted economic and social development. Therefore, it is necessary to "protect the navigation" for the economic development of the platform and promote its better development.
21st Century Business Herald
In 2021, the proportion of manufacturing industry in GDP rebounded against the trend, and the downward pressure on industry remained in the first quarter of this year
In 2021, the added value of manufacturing industry accounted for 27.4% of GDP, an increase of 1.1 percentage points year-on-year. Experts said that this was the first recovery after the continuous decline of the proportion of manufacturing industry in the past decade. Superimposed on the recent epidemic spread in many places, base effect, weak consumption and investment demand, Luo Junjie, director of the operation monitoring and Coordination Bureau of the Ministry of industry and information technology, said that the industrial economy was still facing great downward pressure in the first quarter of this year.
Digital reconstruction of Education: a new market; three major tracks for the concentration of "specialized and new" enterprises in Education
For the education industry, the strict control of the after-school training industry will continue, but the digital transformation of education has brought new market opportunities. The most enlightening significance of "specialized and new" enterprises to the education market is the distribution of track. The reporter's incomplete statistics found that, generally speaking, educational "specialized and new" enterprises focus on three major tracks: educational informatization, vocational education and quality-oriented off-campus training.
people's daily
All regions and departments have taken positive actions to promote the implementation of optimized fertility policies
On January 20, the National Health Commission held a press conference to introduce the progress and experience of implementing the decision on optimizing Fertility Policies and promoting long-term balanced population development. At the national level, top-level design should be done well, and various departments should speed up the introduction of various fertility support measures; Explore useful experience at the local level and make a policy combination.
first finance
LPR cut high-quality bonds and equity funds or popular
On January 20, the quoted market interest rate (LPR) of the new loan was released. The one-year LPR was reduced by 10 basis points compared with the previous period, and the five-year LPR was reduced by 5 basis points, to 3.7% and 4.6% respectively. According to the analysis of researchers, with the decline of LPR, the bank deposit interest rate and the yield of financial products enter the downward channel. High quality bonds and equity funds may become the financial choice of more people, and the equity allocation of financial products will also be overweight.
Which industries were good for employment in the past year?
According to the report on the prosperity of China's employment market, the employment prosperity of different industries continued to differentiate in the fourth quarter of last year. In this quarter, the intermediary service industry was at the top of the list and the CIER index was the highest; The employment boom index of entertainment / sports / leisure, professional services / Consulting (Accounting / law / human resources, etc.), logistics / warehousing, Internet / e-commerce and other industries is still relatively high; The education / training / college industry ranked sixth, and the number of recruitment demand decreased by 30.79%.
economic reference daily
Building a sound economic "ballast stone" and steady industrial growth will be a "series of moves"
On January 20, the reporter learned from the press conference on the development of industry and informatization in 2021 held by the state information office that in the face of the downward pressure of the industrial economy, the Ministry of industry and information technology will work with relevant departments to launch more effective policies and measures in terms of finance, taxation and finance, ensuring supply and stabilizing prices, supporting the development of small and medium-sized enterprises, and do a good job in pre adjustment, fine adjustment and cross cycle adjustment, Do a good job in the "combination fist" and "series moves" of stable industrial growth, and play a good role as a "ballast" for stabilizing the economic market.
The power battery is hot behind or near the adjustment window
In 2021, driven by the goal of "carbon peak, carbon neutralization" and the unexpected growth of new energy vehicles, the power battery industry will usher in a development outlet. The market is in short supply, enterprises expand their production one after another, and the capital market is surging... Making the power battery industry no different in 2021. Recently, after visiting a number of enterprises, the reporter found that behind the hot market, there are still problems such as insufficient supply of upstream raw materials, great uncertainty in disruptive technology R & D and shortage of R & D personnel, which seriously restrict the benign development of the industry.
