Market dynamics

Intensive deployment of the local two sessions to stabilize investment and steady growth

Since the beginning of January this year, various regions in the mainland have successively held the two sessions and issued government work reports, put forward the objectives of major economic indicators in 2022, deployed key development tasks, and provided meso data evidence for the study and judgment of the macroeconomic situation. Through combing the work reports of local governments and word frequency analysis, we found that the GDP and investment growth targets in 2022 put forward by local governments are basically faster than the two-year average level in 2021. Investment has become an important starting point for the steady growth of local governments, showing the trend of “infrastructure driven, manufacturing upgrading and real estate support”, scientific and technological innovation, high-end manufacturing, new infrastructure, digital economy Keywords such as double carbon have been talked about frequently, and the advance issuance of local special bonds will also better support the specific implementation of major projects in the 14th five year plan. The work reports of local governments have effectively implemented the deployment of the central government to stabilize growth, and the acceleration of local economy will support the highly deterministic recovery of the national economy.

Key news: the report said that Russia has deployed about 100000 troops on the Russian Ukrainian border, but denied the planned invasion; Yellen expects us inflation to fall sharply next year; The World Conference on large enterprises announced that the leading index of the United States rose 0.8% last month, in line with expectations; In January this year, the initial value of consumer confidence index in the euro zone was negative 8.5, expected to be negative 9.0, and negative 8.3 in the previous month; Turkish regulators have advised banks not to pay dividends; The EU expects the United States and other allies to increase natural gas supply; Hong Kong SAR financial secretary Chen maobo: the financial situation of this fiscal year is far better than expected; Cansino Biologics Inc(688185) plans to spend 150 million to 300 million yuan to buy back a shares; Great Wall Motor Company Limited(601633) general manager Wang Fengying resigned due to work needs; China Mobile: the parent company plans to spend up to RMB 5 billion to increase its a shares.

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