► Central Bank: At the end of January, the balance of broad money (M2) was 243.1 trillion yuan, an increase of 9.8% year-on-year; in January, the scale of social financing increased by 6.17 trillion yuan, a record high, 984.2 billion yuan more than the same period last year; RMB loans increased by 4.2 trillion yuan, an increase of 380.6 billion yuan year-on-year.
► UNITED STATES: The unseasonal CPI rose 7.5% year-on-year in January, a 40-year high, further reinforcing fed expectations for rate hikes. U.S. 10-year Treasury yields broke 2 percent, a two-and-a-half-year high. The rapid rise in inflation is largely due to a mismatch between supply and demand. At the same time, the steady rise in prices has eroded recent wage increases and weakened the purchasing power of American households, hurting the US economy.
Macroeconomic
1. The Central Bank and the Banking and Insurance Regulatory Commission: Hold a symposium. The meeting listened to the reports of relevant departments on promoting the disposal of non-performing assets and mergers and acquisitions of small and medium-sized financial institutions, studied the main business of financial asset management companies to focus on the disposal of non-performing assets, and helped resolve relevant policies and measures for financial risks. In 2022, we must adhere to steady progress, the financial services industry should further do a good job in supporting high-quality economic development, adhere to the supply-side structural reform as the main line, realize enterprises to light up, effectively promote the expansion of investment, increase consumption, and achieve a virtuous cycle of the national economy.
2, CCTV News: The American Automobile Association released data showing that the national average gasoline price reached $3.47 per gallon on February 9, up 8 cents from the previous week. The U.S. Department of Energy said U.S. gasoline prices this week were the highest since October 2014. Analysts said that due to the extreme weather, some large refineries in parts of the United States have closed and refining capacity has declined, which has boosted the price of gasoline in the United States to some extent.
3. Securities Times: According to a survey released by Japan's Ministry of Internal Affairs and Communications, the consumption expenditure of japanese households with more than two people increased by only 0.7% in real terms. The average savings rate for working households was 34.2 percent, remaining at a high of around 35 percent for two consecutive years. Consumer spending in 2021 was the first time in two years that it achieved a slight year-on-year increase, 4.6% lower than in 2019, and did not return to pre-epidemic levels.
Real estate dynamics
1. Securities Times: The relevant person in charge of the Guangzhou Municipal Housing and Construction Bureau recently responded to the relevant news of "whether the price limit policy of guangzhou's first-hand housing is relaxed" that the filing price of each real estate in Guangzhou is considered according to the surrounding real estate situation, and the dynamic price guidance is implemented, and no special price red line is set. The filing price of each property will fluctuate in each period, and the current price limit policy has not been relaxed.
2. Zhongfang Network: The signing ceremony of the cooperation between Shell Rental and Lewan Apartment was held in Shanghai. The first youth apartment project jointly built by Shell Rental Investment was officially launched in Xuhui District, Shanghai. The project covers an area of nearly 40,000 square meters, which is transformed from an old factory building, and the total number of projects reaches 2978 units.
3. Securities Times: A letter soliciting opinions on "Several Measures to Promote the Healthy Development of Housing Consumption in the Daya Bay Area" was circulated on the Internet, and the letter was paid for by the Housing and Planning and Construction Bureau of daya Bay Economic and Technological Development Zone in Huizhou, Guangdong Province. The relevant person in charge of the Huizhou Daya Bay Economic and Technological Development Zone responded that the document is an internal consultation draft, not a final document, and the specific public release of the official platform shall prevail.
Stock market inventory
market
1. On Thursday, the Shanghai Composite Index reported 3485.91 points, up 0.17%, with a turnover of 404.969 billion. The Shenzhen Composite Index reported 13432.07 points, down 0.73%, with a turnover of 531.356 billion. The ChiNext index reported 2826.52 points, down 1.98%, with a turnover of 207.048 billion. The total transaction volume of the two cities is 936.325 billion. On the plate, tourism, pork, airport shipping, coal, civil explosion, building decoration and other sectors rose in the front, cro, power equipment, Ningde era concept, new crown treatment and other sectors fell in the front.
On Thursday, the Hang Seng Index rose 0.38% to 24924.35 points. The index of state-owned enterprises rose 0.76% to 8789.92 points. Northbound funds bought a net of 4.52 billion yuan on the day.
3. As of February 10, there were 84 listed companies on the Beijing Stock Exchange, and there were no new companies on that day. The total market value is 240.211 billion yuan, and the transaction amount is 1.136 billion yuan.
4. Financing balance of the two cities: As of February 9, the financing balance of the Shanghai Stock Exchange was reported at 854.850 billion yuan, an increase of 365 million yuan over the previous trading day; the financing balance of the Shenzhen Stock Exchange was reported at 770.261 billion yuan, an increase of 2.270 billion yuan over the previous trading day; and the total of the two cities was 1625.111 billion yuan, an increase of 2.635 billion yuan over the previous trading day.
5. China Securities News: As of the close of trading on February 9, a total of 41 listed companies in the A-share photovoltaic concept sector disclosed their 2021 performance forecasts. Among them, 31 companies expect that the net profit attributable to shareholders of listed companies will increase year-on-year in 2021, accounting for 76%. Different from the pre-increase in the performance of upstream manufacturers, affected by factors such as the dual-control power rationing policy of energy consumption, the performance of many listed companies of photovoltaic cells and modules in 2021 will turn from profit to loss.
6. MSCI: The top three companies in terms of market capitalization added to the MSCI Emerging Markets Index are Gree Electric Appliances, Trina Solar and China Three Gorges Renewable Energy. Four new stocks such as China Mobile, Zhongwei New Materials and Oriental Gene were added to the MSCI China A-share onshore index, and five stocks such as Gree Electric Appliances were added to the MSCI China All-Stock Index. The adjustments take effect after the close of trading on February 28.
announcement
7. WuXi AppTec: Issued an announcement of changes, and neither the company nor its subsidiaries were included in the "unconfirmed list" by the US Department of Commerce. After self-examination, as of February 10, no other media reports or market rumors that need clarification or response have been found.
8. Tencent Holdings: According to the SEC's disclosure documents, the number of Class A shares held by Didi at the end of last year was 78.85 million shares; the number of shares held increased by nearly 1.8 million shares from the end of Didi's IPO at the end of June last year. Its shareholding in Didi accounted for 7.4% of Didi's 1.065 billion outstanding shares as of September 30 last year.
9. Qujiang Cultural Tourism (2 boards in 3 days): Recently, the company and its subsidiary Xi'an Qujiang City Wall Tourism Development Co., Ltd. have launched digital collections. The digital collection is not an NFT. At present, this revenue accounts for less than 1% of the company's annual revenue.
10. China's China Exemption: Affected by the new crown epidemic, some stores are temporarily closed, not 65% of the proportion. Projects such as the International Duty Free City, located at the new seaport in Haikou City, are expected to open within the year.
Wealth Focus
1. Foreign exchange trading center: In January, foreign institutional investors bought bonds for 783.2 billion yuan, sold bonds for 641.9 billion yuan, and bought a net of 141.3 billion yuan. In January, foreign institutional investors reached a total of 1,425.1 billion yuan in spot bond transactions, an increase of 53% month-on-month. At the end of January, 508 foreign institutional investors entered the market through the settlement agency model, and 1 new one was added in January.
2. Securities Times: The market price of the original box wine of the Moutai Tiger Zodiac is 4580 yuan / bottle. Although this price is still higher than the official market guidance price of 2499 yuan / bottle, it has dropped sharply compared with the price of nearly 6000 yuan / bottle at the beginning of the year. Some e-commerce platforms show that the highest price is close to 8,000 yuan / bottle. At the beginning of the year, the premium rate reached 140%.
3. State Administration of Radio and Television: Issued the "14th Five-Year Plan" China TELEVISION Drama Development Plan. Strictly deal with actors and related institutions that have violated laws and regulations such as tax evasion, and prohibit artists who have violated the law and morality from appearing in television dramas. Resolutely oppose the "sky-high film remuneration", and strictly implement the regulations on the proportion of production cost allocation in which the total film remuneration of all actors in each TV series shall not exceed 40% of the total production cost, and the remuneration of the main actors shall not exceed 70% of the total film remuneration of the actor.
Industry Watch
1. Ministry of Industry and Information Technology: Once again publicly solicit opinions on the "Measures for the Management of Data Security in the Field of Industry and Informatization (Trial)". Where important data and core data collected and generated by data processors in the field of industry and informatization within the territory of the People's Republic of China, where laws or administrative regulations have domestic storage requirements, they shall be stored within the territory of the People's Republic of China, and where it is truly necessary to provide it overseas, a security assessment of data export shall be conducted in accordance with laws and regulations.
2. Xinhua Net: The two local sessions have been held recently, and all localities are planning new goals for the development of the digital economy. Beijing proposed to deeply implement the implementation plan for the construction of a benchmark city in the digital economy; Sichuan proposed to complete the construction task of the national digital economy innovation and development pilot zone with high quality; Zhejiang proposed to run the first global digital trade expo well to accelerate the construction of a global digital trade center; and Jiangsu strived to build a new highland for the innovative development of the national digital economy.
3. Tianjin Pharmaceutical Procurement Center: "Beijing-Tianjin-Hebei "3 + N" Alliance Orthopedic Trauma Medical Consumables With Volume Linkage Procurement and Use Work Plan". This is the most participating province. According to the industry, the final price of the Beijing-Tianjin-Hebei "3 + N" alliance collection will be greatly reduced, and after the final results of the 12-province alliance set in Henan and the setting of the price ceiling, the price of orthopedic trauma medical consumables will be even greater in the future.
4. Shanghai Securities News: In 2021, local state-owned enterprises in Shanghai achieved operating income of 3.88 trillion yuan, total profit of 346.989 billion yuan, net profit of 276.623 billion yuan, and total tax paid of 272.224 billion yuan. In 2021, the completion rate of the three-year action task of Shanghai's state-owned enterprise reform reached 84.6%.
5. China Automobile Association: In 2021, the top five countries in terms of import value of automobile goods are Germany, Japan, the United States, Slovakia and the United Kingdom. Japan's imports showed a slight decline year-on-year, Mexico's year-on-year growth rate was slightly lower, other countries showed rapid year-on-year growth, and Hungary and Austria's year-on-year growth rate was more obvious.
6. Ministry of Industry and Information Technology: During the Spring Festival in 2022, mobile communication data traffic continued to grow rapidly, with a growth rate of more than 20% for three consecutive years. During the Spring Festival, mobile Internet access reached 4.349 million terabytes. Among them, January 31 and February 1 were peak hours, and the mobile Internet access traffic on that day was 589,000 TB and 654,000 TB, respectively, an increase of 18.2% and 18.6% year-on-year.
7. China Securities Network: Lidar will usher in the first year of mass production in the passenger car front-loading market. The agency expects that the demand for lidar in the global passenger car market will increase from 220,000 in 2021 to 21.34 million in 2025, the penetration rate will increase from 0.2% in 2021 to 14% in 2025, and the market size will increase to 54.1 billion yuan.
Company Highlights
1. Geely Automobile: In January, the total sales volume was 146,380 units, a year-on-year decrease of about 6%, mainly due to the early Spring Festival holiday and the sporadic epidemic situation in various places. In January, pure electric vehicle sales were 15,442 units, up from 2,083 units in the same period last year.
2. SMIC: In the fourth quarter of 2021, it achieved total operating income of 10.26 billion yuan, an increase of 53.8% year-on-year, and net profit of 3.415 billion yuan, an increase of 172.7% year-on-year. Sales revenue increased primarily due to higher wafer sales volumes, higher average selling prices and changes in the product mix, as well as higher returns on investments in associated companies and financial assets.
Global vision
1. CCTV News: The price of 13 kg of canned natural gas for cooking in the Brazilian retail market rose from 69.74 reais in January 2020 to 102.40 reais in January 2022, an increase of about 50%.
2, the Baltic Dry Bulk Index: up 13.38% at 1940 points.
Financial data
domestic
1. New Third Board: On February 10, a total of 6905 companies were listed, with no increase or decrease on the day, and the transaction amount was 430 million. The three-board component index was reported at 1135.30, up 0.25%, with a turnover of 247 million.
2, domestic commodity futures: as of the afternoon close on February 10, the closing trend differentiation, soda ash main contract rose 6%, international copper rose more than 4%, Shanghai copper, glass, iron ore rose more than 3%, soybean two, soybean meal, Shanghai zinc, Shanghai aluminum, Shanghai tin, Shanghai nickel, Shanghai lead rose more than 2%, PVC, pulp, rape meal, urea, palm, ferrosilicon, pvc, PVC, pvc, thread rose more than 1%. Thermal coal, coking coal and methanol fell by more than 2%, and ethylene glycol fell by more than 1%.
3. Treasury bonds: the main contract of 2-year treasury bond futures TS2203 rose 0.01% to 101.350; the main contract of 5-year treasury bond futures, TF2203, stabilized at 102.275; the main contract of 10-year treasury bond futures, T2203, fell 0.01% to 101.085. The interest rate on the 10-year Treasury bond rose or fell at 2.73% and the interest rate on the 10-year CDB rose or fell at 2.97%.
4. Shanghai International Energy Exchange Center: On February 10, the main contract of crude oil futures 2204 closed at 554.0 yuan / barrel, up 2.5 yuan, an increase of 0.45%. All contracts were traded 153268 lots, and the open interest increased by 637 lots to 73576 lots. The main contract traded 63557 lots, and the open interest increased by 1844 lots to 36239 lots.
5. Central bank: On Thursday, a 7-day reverse repurchase operation of 20 billion yuan was launched, because 200 billion yuan of reverse repurchase expired on the same day, achieving a net withdrawal of 180 billion yuan.
6. Shibor: 1.6730% overnight, down 5.50 basis points. The 7-day trade was at 1.9650%, down 4.50 basis points. It was trading at 2.4420% for 3 months, down 0.50 basis points.
7. Renminbi: The onshore renminbi closed at 6.3590, up 0.0299%, and the midpoint of the renminbi was 6.3599, up 0.0848%. NDF: 6.3997 for 3 months, 6.4291 for 6 months, 6.4699 for 1 year, 6.5592 for 2 years.
8. Shanghai Environmental Exchange: On February 10, the trading volume of the carbon emission quota listing agreement in the national carbon market was 80 tons, the turnover was 4800.00 yuan, and the closing price was 60.00 yuan / ton, up 2.56%.
abroad
9, Asia: The Nikkei 225 index rose 0.42% to 27696.08 points. South Korea's KOSPI index rose 0.11% at 2771.93 points.
10. U.S. stocks: The Dow closed down 1.47% at 35241.59 points; the Nasdaq closed down 2.10% at 14185.64 points; the S&P 500 closed down 1.81% at 4504.08 points.
11, Europe: the UK FTSE 100 index closed up 0.38% at 7672.40 points; the German DAX30 index closed up 0.05% at 15490.44 points; the French CAC40 closed down 0.41% at 7101.55 points.
12. Gold: COMEX April gold futures closed up 0.03% at $1837.20 an ounce.
Crude Oil: WTI March crude oil futures closed up 0.24% at $89.88 a barrel. Brent's April crude futures closed down 0.15 percent at $91.41 a barrel.
· Accelerating pension planning·
► Xinhua Finance: The China Insurance Asset Management Association released the "China Pension Wealth Reserve Survey Report" (2021) on February 10, proposing to start from improving the top-level design, promoting pension financial education, and accelerating the supply of pension financial products and services to promote the public to reserve pension wealth. About 52 percent of respondents are aware of retirement planning, but have not yet done so. The younger the respondents, the more they believe that it is more important to plan for the elderly early, and the older the respondents, the more they think it is appropriate to postpone the planning of the elderly. 62% of people believe that it is better to start planning for the elderly before the age of 50, and have "slight regrets" about their actual planning.
► Tsinghua Financial Review: Aging is the embodiment of the progress of human civilization, and any country must go through this stage in the process of modernization. The World Bank predicts that the proportion of the mainland population over the age of 65 in 2025 will be 13% of the total population, and it will exceed 20% in 2035, that is, one in every 5 people will be over the age of 65. Mainland commercial endowment insurance is still in the initial stage of development. The premium income of the scale of pension annuity insurance accounts for only about 2% of life insurance, and the accumulated liability reserve accounts for less than 1% of GDP. The external environment for the development of commercial pension insurance still needs to be improved, and there are some difficulties and problems in the insurance industry itself that need to be improved.
► Economic Observer: There are reports showing that the average age of parents in the 30-49 age group is 66 years old, and there are already health concerns, and there are general concerns about health management. "Post-80s" families pay more attention to the overall family pension decision-making. Although only 39% of the 30-39-year-old group has a pension action, 90% of the "post-80s" have their own pension plan. The estimated pension expenditure of the first-tier city population is 1.159 million yuan on average, which is higher than the estimated expenditure of the urban population at other levels. The younger the population, the greater the expected amount of pension spending. People aged 30-39 are expected to spend 1.221 million yuan on pensions. With the increase of age, it is expected that the cost of old-age care will gradually decrease.
► Nikkei Chinese Network: Pension problem is a problem for countries around the world. The United States and Germany decided to raise the pension age to 67, and the United Kingdom also decided to raise it to 68. Italy, which has an aging rate of more than 23 percent after Japan, was originally scheduled to raise the age of starting pensions to 67 by 2021, but was shelved by former Prime Minister Conte, who was previously 62 years old. The Netherlands has eased the impact of the age of fewer births by automatically raising the pension age as the average life expectancy increases, but the country is still accelerating corporate pension reform in response to the era of low interest rates. Experts say that measures such as accumulating personal assets and supporting personal pensions such as corporate pensions through tax incentives are becoming more and more important.