► CCTV Finance: The Spring Festival of 2022 will begin, and this year's civil aviation passengers will show the characteristics of "booking tickets early". In terms of order volume, the number of orders booked for the 2022 Spring Festival tickets in the week before the start of the Spring Festival increased by more than 70% month-on-month. Compared with the same period last year, the price of air tickets returning home from many places across the country showed an upward trend. The industry said that the average price of this year's Spring Festival is about 800 yuan, an increase of more than 40% compared with 2021.
► Oriental Network: Regarding the fact that the byteDance war investment department has indeed been dissolved, the relevant person in charge of ByteDance responded that the company conducted an inventory and analysis of the business at the beginning of the year, decided to strengthen the business focus, reduce the investment with low synergy, disperse the employees of the strategic investment department into various business lines, and strengthen the cooperation between the strategic research function and the business. Planning discussions are also underway for the business and teams involved.
► Oxfam Hong Kong: In the two years since the spread of COVID-19, the assets of the world's top ten richest people have more than doubled, from about 4.4 trillion yuan to about 9.4 trillion yuan, with the majority of operators of large IT companies in the United States. In addition, 99% of the world's population is mired in income loss, and this gap between rich and poor is "economic violence".
Macroeconomic
1. State-owned Assets Supervision and Administration Commission: In 2021, central enterprises achieved operating income of 36.3 trillion yuan, an increase of 19.5% year-on-year; total profit of 2.4 trillion yuan, an increase of 30.3% year-on-year; and net profit of 1.8 trillion yuan, an increase of 29.8% year-on-year. Revenue, profit, and net profit all hit the best level in history.
2. Executive meeting of the State Council: Decided to continue to implement the partially expired tax reduction and fee reduction policy to support the rescue and development of enterprises. On the basis of the extension of some of the mature tax preferential policies in the previous period, 11 preferential tax policies involving science and technology, employment and entrepreneurship, medical care, education, etc. will be extended until the end of 2023. In addition, the deployment will further strengthen the guarantee of coal, electricity, oil and gas transportation and market supply in the next stage, especially during the Spring Festival.
3. Central Bank: In order to strengthen the management of expectations and promote the better connection between the LPR release time and the financial market operation time, the LPR release time will be adjusted from 9:30 a.m. on the 20th of each month (postponed on holidays) to 9:15 a.m. In addition, the self-discipline mechanism guiding interest rates assessed the LPR quotation banks inside and outside the market, and adjusted the LPR quotation lines according to the assessment results.
Real estate dynamics
1. Economic Daily: The industry said that in the future, real estate loans should start from the two aspects of total amount and structure to strengthen the guidance of expectations. From the perspective of the total amount, resolutely implement the "housing and not speculation", maintain the growth rate of real estate loans stable, orderly delivery; from the structural point of view, adhere to the "retention pressure", one is to more accurately and effectively meet the reasonable rigid financing needs of housing enterprises and home buyers, and the other is to resolutely curb the illegal entry of "operating loans" into the property market.
2. Securities Times: It is reported that Sunac has transferred 40% of the equity of Kunming Sunac Cultural Tourism City Phase II to Huafa at a transfer price of 1.4 billion yuan, including a cash consideration of 1.2 billion yuan and a debt of 200 million yuan. In addition, Sunac has recently transferred part of the equity of Wuhan Yijiangyuan Project and Wuhan Ganlushan Cultural and Creative City to state-owned enterprise Capital and Wuhan Urban Construction respectively. Among them, the Yijiangyuan project is the Diwang project in Wuhan Qiaokou District, which Sunac won for 7 billion yuan in 2019.
Stock market inventory
1. On Wednesday, the Shanghai Composite Index reported 3558.18 points, down 0.33%, with a turnover of 420.763 billion. The Shenzhen Composite Index reported 14207.19 points, down 1.28%, with a turnover of 644.544 billion. The ChiNext index reported 3075.98 points, down 2.17%, with a turnover of 271.402 billion. The total transaction volume of the two cities is 1,065.307 billion. On the disk, cloud games, tourism, data centers, media, building materials and other sectors rose in the forefront. Salt Lake lithium, CRO, liquor, national defense and military industry, large fund holdings and other sectors fell in the front.
On Wednesday, the Hang Seng Index rose 0.06% to 24127.85 points. The index of state-owned enterprises fell 0.09% to 8441.69 points. Northbound funds bought a net of 3.821 billion on the day.
3. As of January 19, there were 84 listed companies on the Beijing Stock Exchange, and 0 new companies were added on the same day. The total market value is 260.816 billion yuan, and the transaction amount is 2.356 billion yuan.
4. Financing balance of the two cities: As of January 18, the financing balance of the Shanghai Stock Exchange was reported at 895.190 billion yuan, a decrease of 1.545 billion yuan from the previous trading day; the financing balance of the Shenzhen Stock Exchange was reported at 806.827 billion yuan, a decrease of 1.771 billion yuan from the previous trading day; and the total of the two cities was 1702.017 billion yuan, a decrease of 3.316 billion yuan from the previous trading day.
5. Shanghai Securities Regulatory Bureau: In 2021, the securities trading volume in Shanghai exceeded 283 trillion yuan, a record high, and ranked first in the country for four consecutive years. In terms of financing scale, direct financing maintained a good momentum. In 2021, Shanghai will add 50 new listed companies, and the total number of listed companies will reach 390, ranking fifth in the country.
6. China Securities News: Since 2022, the tide of fund purchases has re-emerged. Southern Fund, Boshi Fund and other head public offerings have made a big move, and well-known fund managers such as Li Xiaoxing, Lu Bin, and Du Meng have also joined. According to the industry, self-purchase highlights investment confidence and sends a signal to the market that it is optimistic about the future market. Although the market volatility has been obvious since the beginning of the year, the fund size of the high-performing fund manager has not shrunk significantly, and the basic people have gradually become mature and rational.
7. Shanghai Securities News: Goldman Sachs expects that international investors will continue to pay attention to and allocate A shares in 2022, and the net purchase scale of northbound funds in the whole year is expected to reach about 480 billion yuan. It is worth mentioning that Goldman Sachs' forecast is more optimistic than that of more mainland securities companies. If this forecast is finally realized, net northbound funds will reach a new record high for the second consecutive year. The net purchase of northbound funds for the whole year in 2021 was 432.169 billion yuan.
8, CITIC Securities: the emotional impact brought about by the collapse of high-level group stocks is nearing the end, it is expected that with the continuous strengthening of investors' confidence in the stable growth policy and economic stabilization, the consensus of the main line of stable growth continues to improve, the confidence and sentiment of the market will also be boosted, and the starting point of the market in the first half of the year is approaching. The next half month is the intensive disclosure period of the 2021 annual report performance forecast, and A shares may usher in the calibration of performance and valuation.
9. China Securities News: Since 2022, the mainstream track of the A-share market has come to an end, and some concept sectors have gone against the trend. Statistics of the recent "Dragon and Tiger List" data found that as of January 18, a total of 830 abnormal transactions have occurred this year, concentrated in biomedicine, digital economy and other recent hot sectors. In terms of operation methods, the floating capital shows the characteristics of fast in and out and decisive killing. It is expected that in the case of intensive policy signals at the beginning of the year and the disclosure of listed company financial report data, speculative funds will also attack everywhere to hunt for opportunities.
10. Jiuan Medical: It is expected that the net profit in 2021 will be 900 million yuan - 1.2 billion yuan, an increase of 271.40% - 395.19% year-on-year. In fiscal 2021, due to the impact of the global covid-19 epidemic, the sales performance of the new coronavirus (SARS-CoV-2) antigen home self-test OTC kit products in the US market increased significantly, prompting a substantial increase in the operating performance in FY2021.
11. Tiansheng New Material: Shareholder Wu Haizhou intends to entrust the voting rights of the shares he holds to Jucheng Machinery. It is proposed to plan a targeted issuance of shares to Jucheng Machinery and/or its affiliates. If the foregoing is completed, a change of control may be involved. The shares have been suspended since January 20 and are expected to last no more than 2 trading days.
Wealth Focus
1, CITIC Securities: power exchange has become an inevitable form of promoting the popularization of new energy vehicles in all scenarios, 2022 is expected to become the first year of the rapid development of the power exchange industry, the whole year is expected to add more than 3,000 new substations, in 2025 the industry is expected to add more than 10,000, five years ten times + space. In the short term, it is expected that relevant operators and equipment suppliers are expected to benefit from the high growth of the industry; in the long run, it is optimistic about third-party battery suppliers and operators with strong resource integration capabilities.
2. Securities Times: Russia's Arosa company, the world's largest diamond producer, said that the final demand for diamond jewelry in the world reached a record level last year, much more than before the epidemic. Annual global mining will remain around 110 million to 120 million carats in the coming years, compared to 140 million to 150 million carats by 2019.
Industry Watch
1. State-owned Assets Supervision and Administration Commission: In 2021, the output of central coal enterprises will exceed 1 billion tons for the first time. The annual power generation capacity of central power generation enterprises reached 4.95 trillion kWh, an increase of 10.2% year-on-year, accounting for 64.6% of the country's power generation. It is necessary to solidly promote the reorganization, establishment, and professional integration of central enterprises. In accordance with the principle of "mature one household, promote one household", steadily promote the restructuring and integration of steel and other fields, and study and establish a new central enterprise group in relevant fields in a timely manner.
2. Shanghai Municipal Government: Issued the "Several Policies for Promoting the High-quality Development of The Integrated Circuit Industry and the Software Industry in Shanghai in the New Era". Increase special financial support for major integrated circuit and software projects. For major projects of integrated circuit equipment and materials that have made major breakthroughs in independent research and development and achieved actual sales, the support ratio is 30% of the new investment in the project, and the amount of support is not higher than 100 million yuan in principle; for major projects such as EDA, basic software, industrial software, and information security software, the new investment in the project can be relaxed to no less than 50 million yuan, the support ratio is 30% of the new investment in the project, and the amount of support is not higher than 100 million yuan in principle.
3. General Office of the State Council: Issued opinions on promoting the integrated development of domestic and foreign trade. Support the integrated operation of domestic and foreign trade of market entities. Encourage large-scale commercial and logistics enterprises with conditions to "go global", strengthen the integration and allocation of resources, optimize the international marketing system, and improve the global service network. Support the development of multinational large-scale supply chain service enterprises, improve international competitiveness, and enhance the resilience of the industrial chain supply chain. Cultivate a number of high-quality trading enterprises with mutual promotion of domestic and international markets and strong innovation ability and competitive strength, and guide and drive more enterprises to take the road of integrated operation. Benchmark international advanced agricultural product planting and production standards, and build a number of high-quality agricultural product planting and production bases.
4. Post Office: By 2025, a number of postal express brands with an annual business volume of more than 20 billion pieces or an annual business income of more than 200 billion yuan will be formed, and a comprehensive delivery logistics supply chain group will be created; the annual business income of the postal express delivery industry will exceed 1.8 trillion yuan, and the express delivery business volume will exceed 150 billion pieces, and the growth rate will remain at about 10-11%, which is about twice the GDP growth rate.
5. Canalys: The PC market shipped more than 90 million units for the fourth quarter of 2021 for two consecutive years. Global shipments of desktops, notebooks and workstations increased 1% year-over-year to 92 million units. This will raise total shipments for the full year of 2021 to 341 million units, an increase of 15% year-on-year and a 27% increase over 2019, the highest since 2012.
6. Energy Bureau: In December 2021, the total installed capacity of household photovoltaic projects newly included in the scale of state financial subsidies was 5.0898 million kilowatts。 As of the end of December 2021, the cumulative installed capacity of household photovoltaic projects included in the national financial subsidy scale in 2021 is 21.5962 million kilowatts。
Company Highlights
1, Securities Times: The relevant person in charge of the Midea Group said that the auto parts company that was recently invested and established will build a new production base, which is a plan for the next 10 years. It is understood that midea group has three product lines of thermal management, electric drive and intelligent driving, and will break into the supply chain of half of the world's mainstream new energy vehicle customers this year, and plans to provide new energy vehicle system-level solutions in the future.
2, Beijing Business Daily: from the dealer learned that the market price of Moutai 1935 has risen to 1650 yuan / bottle, an increase of nearly 40%, and even in other terminal channels the product has been fried to 1800 yuan / bottle. It is worth mentioning that the price of the product has been speculated to more than 1300 yuan / bottle in the market before it has been listed, and now after the official announcement of pricing, the market price of Moutai 1935 has risen again.
Global vision
1. U.S. Treasury Department: In November 2021, Japan's holdings of U.S. Treasuries increased by $20.2 billion month-on-month to $1.3 trillion; China's U.S. Treasuries increased by $15.4 billion month-on-month to $1.08 trillion; Russia continued to reduce its holdings of U.S. Treasuries, from $3.7 billion at the beginning of the month to $2.4 billion at the end of the month.
2, the Baltic Dry Bulk Index: down 4.5% at 1570 points.
Financial data
domestic
1. New Third Board: On January 19, a total of 6919 companies were listed, an increase of 0 companies on the same day, and the transaction amount was 511 million. The three-board component index was reported at 1133.27, down 0.01%, with a turnover of 347 million.
2, domestic commodity futures: as of the afternoon close on January 19, most of the closing gains, thermal coal main contracts rose more than 6%, asphalt, iron ore rose more than 4%, methanol, urea, glass, Shanghai silver rose more than 3%, pulp, thread, hot coil, fuel oil, soda ash rose more than 2%, PP, cotton, Shanghai aluminum, Zheng oil, palm, apple, plastic, Shanghai tin, crude oil rose more than 1%. Shanghai lead, pigs, stainless steel, coke fell slightly.
3. Treasury bonds: the main contract of 2-year treasury bond futures TS2203 rose by 0.05% to 101.325; the main contract of 5-year treasury bond futures, TF2203, rose by 0.12% to 102.275; and the main contract of 10-year treasury bond futures, T2203, rose by 0.19% to 101.245. The interest rate on the 10-year Treasury note fell 1.01 BP to 2.73% and the 10-year CDB rate fell 5 BP to 2.98%.
4. Shanghai International Energy Trading Center: On January 19, the main contract of crude oil futures 2203 closed at 544.6 yuan / barrel, up 8.3 yuan, an increase of 1.55%. All contracts were traded in 193,040 lots, and the open interest decreased by 733 lots to 79,495 lots. The main contract was traded 169,080 lots, and the open interest decreased by 2,810 lots to 53,224 lots.
5. Central bank: On Wednesday, 100 billion yuan of 7-day reverse repurchase operation was launched, and 10 billion yuan of reverse repurchase expired on the same day.
6. Shibor: 2.0350% overnight, up 11.40 basis points. It was 2.1270% on 7 days, up 3.90 basis points. It was trading at 2.4830% for the third month, down 1.00 basis points.
7. Renminbi: The onshore renminbi closed at 6.3522, down 0.0142, at 16:30 against the US dollar, and the midpoint of the renminbi was 6.3624, down 0.1622%. NDF: 6.3987 for 3 months, 6.4296 for 6 months, 6.4797 for 1 year, 6.5694 for 2 years.
8. Shanghai Environmental Exchange: On January 19, the trading volume of the carbon emission quota listing agreement in the national carbon market was 52,695 tons, with a turnover of 2,950,900 yuan and a closing price of 56 yuan / ton, down 4.27%.
abroad
9. Asia: The Nikkei 225 index fell 2.8% to 27467.23 points. South Korea's KOSPI index fell 0.77% to 2842.28 points.
10. U.S. stocks: The Nasdaq closed down 1.15% at 14340.26 points; the Dow closed down 0.96% at 35028.65 points; and the S&P 500 closed down 0.97% at 4532.76 points.
11, Europe: Germany's DAX30 index closed up 0.24% at 15809.72 points; the UK FTSE 100 index closed up 0.35% at 7589.66 points; France's CAC40 index closed up 0.55% at 7172.98 points.
12, gold: COMEX February gold futures settlement price closed up $30.8 at $1843.2 / ounce, an increase of 1.7%.
Crude Oil: WTI February crude oil futures closed up $1.53, or 1.79 percent, at $86.96 a barrel. Brent March crude futures closed up $0.93, or 1.06 percent, at $88.44 a barrel.
· Blood products entered the collection for the first time·
► Guangdong Provincial Drug Trading Center: Issued the "Guangdong Alliance Diclofenac and Other Drugs Centralized Procurement Document", formulated and carried out the centralized procurement of 276 drug alliance areas such as diclofenac, and participated in the drug collection and reporting alliance involving 11 provinces and regions. For the first time, blood products entered the scope of procurement with quantity, specifically involving five varieties of intravenous injection of human immunoglobulin (pH4), human immunoglobulin, human coagulation factor VIII., human fibrinogen, and human blood albumin. In addition, recombinant human growth hormone was also included in the collection for the first time, and the stock prices of related companies once had a "flash crash".
► Minsheng Securities: China's blood products are in short supply, and the industry boom continues. From 2018 to 2020, the overall batch issuance volume of blood products in the mainland increased significantly, and the industry boom continued to rise. In 2019, the total number of blood products issued in mainland China was 92.4 million bottles, up 24% year-on-year; in 2020, the total number of blood products related to mainland products was 95.14 million bottles, up 3% year-on-year, and the growth rate slowed down. In 2020, affected by the new crown epidemic, the pulp collection volume of blood product enterprises in mainland China totaled 8300 tons.
► Pacific Securities: It is expected that the domestic supply of blood products in 2022 will be better than in 2021, based on the recovery of overseas pulp in 2021 and better than in 2020, the main pulp collection region of the United States has not recovered to the level of 2019, compared with 2020, the amount of pulp in Europe has exceeded the level of 2019. The domestic supply of blood products in 2022 is still in a tight balance between supply and demand. Based on the fact that the main pulp collection region in the United States has not yet recovered to the 2019 level, and the spread of the Omicron variant in the United States, it is further difficult to recover the pulp. Imported albumin is unlikely to achieve significant growth in 2022. Although there are scattered epidemics, the domestic epidemic control is better, and the demand for albumin in rigid demand has maintained steady growth.
► AVIC Securities: In terms of drug collection and procurement, from the perspective of the development trend of centralized drug procurement in previous rounds, in addition to the expansion of the collection and collection of drugs after the first round of drug collection and the latest round of drug collection, the number of drug collections in previous rounds has been greatly improved in the number of design varieties, the number of selected varieties, the number of participating enterprises and the number of selected enterprises. With the gradual normalization of drug collection, the insulin collection work organized at the national level has landed, and the collection of proprietary Chinese medicines in the Inter-Provincial Alliance has gradually landed in some provinces. With the gradual advancement of collection and medical insurance negotiations, the future industry will continue to differentiate, the leading effect will be further highlighted, the production pipeline is rich, the research and development capabilities are outstanding, and the enterprises with a better competitive pattern are expected to benefit from it and stand out in the competition.