January 24th (Monday), the main contents of today’s headlines are:
China Securities Journal
Steady growth, hit a combination of punches, and the economy can be expected to “open the door stably”
Since the beginning of the year, steady growth has made a combination of efforts: from stabilizing foreign trade to promoting the integration of domestic and foreign trade, from stabilizing investment to expanding consumption, from promoting the development of digital economy to promoting the construction of transportation system, from optimizing housing credit to reducing LPR… Analysts believe that the intensive implementation of steady growth policies means that policy synergy has been formed and will be gradually fermented, The economy can be expected to “open the door stably”.
Looking back on the big data of the past decade: the odds of holding shares during the festival are big, and the style or rotation
A-share market investors often have a problem before the Spring Festival every year: holding shares or holding money for the holiday? Especially in the context of the adjustment of A-Shares in 2022, where investors go has attracted market attention.
More than 200 companies’ performance forecasts exceeded expectations, and high boom industries became winners
Recently, with the continuous adjustment of the new energy vehicle sector, Yunnan Energy New Material Co.Ltd(002812) share price has ushered in a continuous rebound. The company’s better than expected performance forecast for 2021 released on January 10 has become the key to the reversal of share price trend. Not only Yunnan Energy New Material Co.Ltd(002812) , with the performance forecast entering the intensive disclosure period, listed companies with recent performance exceeding expectations have been warmly sought after and become a bright color in the market.
The defense of exemption of independent directors clearly abandons the tendency of “one size fits all” responsibility determination
After nearly 20 years, the latest judicial interpretation of civil compensation cases of misrepresentation infringement in the securities market was issued. Several provisions of the Supreme People’s Court on the trial of civil compensation cases for misrepresentation infringement in the securities market were issued on January 21 and implemented on January 22.
Shanghai Securities News
Steady growth, bright real moves, all localities have whipped up their whip to urge their horses
“Traditional infrastructure + new infrastructure + manufacturing” expanded investment in many ways, launched trillions of yuan of major projects, deployed to comprehensively promote the expansion and upgrading of consumption, and issued a new policy of stabilizing foreign investment in the whole chain… A new round of local steady growth policy “combination fist” to lay a solid foundation for seeking progress in economic stability this year.
Convertible bond station on the “top of history” two big push hand overweight high valuation market undercurrent surging
The data show that the phenomenon of overvaluation in the convertible bond market has become increasingly obvious. Not only the absolute average price has approached 150 yuan, but also the conversion premium rate, the core index to measure the valuation, has rushed to a high level of 35%. This means that the overall valuation of convertible bonds is 35% higher than that of positive shares. This is a rare phenomenon of high valuation in the history of convertible bond market.
The total inflow of foreign capital reached a new high, and the “giant” of global asset management sang more Chinese assets
According to statistics, the total net inflow of funds from the North last year was 432.169 billion yuan, a record high since the opening of the Shanghai Hong Kong stock connect and the Shenzhen Hong Kong stock connect. Since this year, foreign capital has continued to buy Chinese assets. As of January 20, the net inflow of funds from the North was 34.088 billion yuan. In the eyes of many foreign investors, the current A-share valuation is at a historical low and has a high investment cost performance all over the world.
The new judicial interpretation of misrepresentation points out that the “chronic disease” in the capital market will significantly improve the level of investor protection
Misrepresentation is a typical form of illegal acts in the capital market, and it is also a prone and frequent act that seriously damages the legitimate rights and interests of investors. Investigating the civil liability of the subject responsible for misrepresentation in the securities market according to law is the main way to remedy the rights of investors. On January 21, the Supreme People’s Court issued several provisions of the Supreme People’s Court on the trial of civil compensation cases of misrepresentation infringement in the securities market (hereinafter referred to as “Several Provisions”).
securities times
Continue to be vigilant against the hype of new concepts
Recently, new concepts of the secondary market have emerged one after another, and relevant sectors such as yuanuniverse and prefabricated dishes fluctuated sharply. Behind this, there are certain commonalities in the characteristics, market performance, buyer seller cooperation and other aspects of many new concepts, which deserve the attention of the market and regulators. Investors need to remain rational and continue to be vigilant against the hype of new concepts.
US stocks fell one after another, and the market waited for the signal of the Federal Reserve meeting
Since this year, the major indexes of US stocks have fallen one after another. So far in January, the cumulative decline of the NASDAQ index has been close to 12%, the S & P 500 index has fallen more than 7%, and the cumulative decline of the Dow index is also close to 5%, the worst start in nearly 50 years. This week, the Federal Reserve will announce the interest rate resolution, and then Federal Reserve Chairman Powell will hold a press conference. The market is also waiting for what signal the Federal Reserve will send.
Shareholders of listed companies plan to increase their holdings one after another. Eight shares are proposed to increase their holdings by up to 100 million yuan
Overweight is usually regarded as shareholders’ confidence in the future development of listed companies, which will also boost the stock price to a certain extent. According to the statistics of securities times · databao, based on the first announcement date of the shareholding increase plan, a total of 37 important shareholders of listed companies have issued the shareholding increase plan in the past three months (November 1, 2021 to January 21, 2022), of which Shenzhen Sunlord Electronics Co.Ltd(002138) , Aecc Aero-Engine Control Co.Ltd(000738) , Shanghai Golden Bridge Infotech Co.Ltd(603918) , Guangdong Ellington Electronics Technology Co.Ltd(603328) have completed the shareholding increase plan.
Shenzhen company improves its core competitiveness through equity incentive and employee stock ownership
On the way to promote the high-quality development of listed companies, equity incentive and employee stock ownership of Listed Companies in Shenzhen have become a bright “landscape”. Data show that in the past 2021, Shenzhen listed companies launched 419 equity incentive plans and 141 employee stock ownership plans, both of which set a new high in recent three years; Implement equity incentive and employee stock ownership plan to “benefit” a total of 180400 employees, and build a strong talent moat for listed companies.
Securities Daily
The mortgage interest rate of many places was lowered following the LPR, and the mortgage interest rate of the first house of some banks was reduced to 4.9%
With the reduction of LPR (quoted interest rate in the loan market), the reporter of Securities Daily learned that the interest rate of personal housing mortgage loans in Beijing, Shanghai, Shenzhen, Guangzhou, Suzhou and other places has been adjusted accordingly. At the same time, some banks have lowered the floating base point, and the minimum interest rate of the first house has been reduced to 4.9%.
How to treat the “breaking” phenomenon of science and innovation board
For some time, the phenomenon of “breaking” of new shares has attracted much attention. So far, 49 stocks on the science and innovation board have fallen below the issue price, accounting for 12.8%, and it is not uncommon for companies to “break” on the first day of listing.
“Sandbox supervision” will inject new impetus into automobile technological innovation
Recently, the State Administration of market supervision, together with relevant departments, stepped up the formulation of trial opinions on the “sandbox supervision” system of automobile safety, conducted in-depth safety tests for cutting-edge technologies applied to vehicles, and guided enterprises to find problems, improve design and reduce risks at a deeper level.
Last year, 560 single equity incentives and employee stock ownership plans helped Shenzhen listed companies develop stably and win-win
Equity incentive and employee stock ownership plan are important benefit sharing mechanisms of listed companies and important institutional arrangements to give full play to the function of capital market in serving the real economy. The reporter of Securities Daily learned from the Shenzhen stock exchange that in 2021, listed companies in Shenzhen launched 419 equity incentive plans, involving 6317746200 shares; 141 employee stock ownership plans were launched, involving a total capital of 20.42 billion yuan and 1856495000 shares.
people’s daily
What if the capacity of the community where the charging pile is installed is insufficient
The insufficient capacitance of the community is one of the difficulties faced by installing the charging pile of new energy vehicles. In order to alleviate this problem, in addition to policy support for the capacity increase of power supply facilities, new models such as “unified construction and management” of charging pile and shared charging are also being gradually applied, effectively improving the sense of acquisition of new energy owners.
first finance
Some funds began to lighten up the fund managers in the dispute: new energy is like the Baijiu in 2021.
With the release of the fourth quarter report of the fund in 2021, the position adjustment ideas of fund managers emerge. After combing the four seasons report, the first financial reporter found that a group of fund managers represented by Li Xiaoxing, star fund manager of Yinhua Fund and Zhao Yi, star fund manager of Agricultural Bank of China Huili, have begun to reduce their positions in new energy.
How to go after the “good start” of bank stocks
The first financial reporter found that in the disclosed four seasons report of public funds, regional banks are still favored by many fund managers, but the differences between joint-stock banks with relatively high valuation are more obvious. Take e-fonda Zhang Kun as an example. Many products under its management reduced their holdings by Ping An Bank Co.Ltd(000001) in the fourth quarter of last year; Qiu Dongrong of Zhonggeng fund continued to increase the positions of Jiangsu Suzhou Rural Commercial Bank Co.Ltd(603323) , Jiangsu Changshu Rural Commercial Bank Co.Ltd(601128) and other agricultural commercial banks while reducing the holdings of China Everbright Bank Company Limited Co.Ltd(601818) Hong Kong shares.
economic reference daily
Concentrated construction of major projects in many places and “stable investment” accelerated
Since this year, major projects in many places have been started intensively, and the investment scale has been significantly increased. The reporter found that Henan, Anhui and other places have put forward investment growth targets of 10% or more. In terms of investment areas, infrastructure construction, especially new infrastructure, has become an important driving point. At the same time, manufacturing investment will continue to maintain rapid growth, and a series of policies and measures conducive to manufacturing investment, enterprise R & D investment, technological transformation investment and so on are ready to go. Experts said that in 2022, fixed asset investment will still become the “ballast” for the smooth operation of the economy, in which infrastructure investment and manufacturing investment will become the main driving force to jointly support the steady growth of fixed asset investment.
In 2021, China’s cross-border capital flows will be orderly and the balance of payments will be balanced independently
According to the data recently released by the State Administration of foreign exchange, China’s foreign-related transactions remained active and the cross-border capital flow was orderly in 2021. In 2021, the bank’s foreign exchange settlement and sales transactions totaled US $4.9 trillion, and the bank’s foreign-related revenue and expenditure on behalf of customers amounted to US $11.7 trillion, an increase of 24% and 35% respectively over 2020. Wang Chunying, deputy director of the State Administration of foreign exchange and spokesman, said that China’s epidemic prevention and control and economic recovery remained a global leader, and the trade in goods and various investment and financing activities remained relatively active.
