Biden warned Americans in Ukraine: Leave now! Hong Kong will push the "strictest measures" to fight against Omiclon

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Brokerage China Yang Yucheng /Finishing

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The latest development of the epidemic

Yesterday, there were 56 new locally confirmed cases: 33 in Guangxi, 22 in Liaoning, and 1 in Guizhou

According to data from the National Health Commission, at 0-24:00 on February 10, 31 provinces (autonomous regions and municipalities directly under the Central Government) and the Xinjiang Production and Construction Corps reported 101 new confirmed cases. Among them, there were 45 imported cases (15 cases in Guangdong, 12 cases in Shanghai, 10 cases in Fujian, 3 cases in Zhejiang, 2 cases in Guangxi, 1 case in Tianjin, 1 case in Shandong, and 1 case in Yunnan), including 10 cases from asymptomatic infected people to confirmed cases (6 cases in Guangdong, 2 cases in Zhejiang, and 2 cases in Guangxi); 56 cases in local cases (33 cases in Guangxi, all in Baise City; 22 cases in Liaoning, including 21 cases in Huludao City, 1 case in Shenyang City; 1 case in Guizhou City, in Tongren City). There were no new deaths. There were no new suspected cases. There were 66 new asymptomatic infected patients, including 61 imported from abroad and 5 cases in China (2 cases in Liaoning, both in Shenyang City; 2 cases in Heilongjiang, both in Heihe City; 1 case in Jiangsu Province, in Suzhou City).

There are 33 new locally confirmed cases in Guangxi, all of which are in Baise City

At 0-24:00 on February 10, there were 33 new locally confirmed cases in Guangxi (all of which were in Baise City). There are 220 locally confirmed cases, including 219 in Baise City, 1 case in Chongzuo City (reported on January 16, 2022), and 2 cases of local asymptomatic infection, including 1 case in Nanning City and 1 case in Chongzuo City (reported on December 8, 2021).

Hong Kong pushed the "strictest measures" to resist Opmi Kerong, and experts suggested that Hong Kong consider "lockdown" measures

According to the Global Times, the epidemic situation in Hong Kong continues to be urgent. Following the first more than 1,000 new confirmed cases of COVID-19 reported the previous day, Hong Kong reported 986 new confirmed cases on 10 February, and about 800 preliminary positive cases were tested. From the 10th, the HKSAR government has introduced the "most severe anti-epidemic measures in two years", including the possibility of a fine of 10,000 yuan for gatherings of more than two families, and the dismissal of unvaccinated employees by employers. In this wave of Omicron strains raids on Hong Kong, whether to insist on "dynamic clearance" or choose to "coexist with the virus", the dispute between the two anti-epidemic routes has aroused heated discussion in Hong Kong. In this regard, the SAR Department of Health responded to the Hong Kong media on the evening of the 9th that they are still increasing the number of people to track positive cases and will never "lie flat". A spokesman for the Hong Kong and Macao Affairs Office of the State Council said on the evening of the 10th that he had conveyed to Chief Executive Carrie Lam Cheng Yuet-ngor and relevant officials of the SAR Government the central government's concerns about the epidemic in Hong Kong and their condolences to Hong Kong compatriots, and said that the mainland would fully support Hong Kong in fighting the fifth wave of the epidemic.

On the 10th, through epidemiological model calculations, the University of Hong Kong School of Medicine believes that if the government implements "lockdown" measures, the spread rate of curbing the epidemic can reach 85%. Leung Cheuk-wai, Dean of HKU School of Medicine, suggested that the government actively consider "lockdown" measures. He pointed out that according to HKU's calculations, if the "lockdown" is implemented, 115 people will die in Hong Kong between now and mid-June, and the whole of Hong Kong's medical services will never fall; if the government only maintains the existing measures, it is expected that 11,000 people will be diagnosed from mid-March to the end of March, and about 468 people will need to be hospitalized every day, exceeding the medical load, and it is estimated that about 900-1000 deaths will be accumulated by mid-June.

Macro dynamics

Biden warns Americans in Ukraine: Leave now! If the United States and Russia exchange fire, it will be a world war

According to the Global Network, the NATIONAL BROADCASTING Corporation (NBC) reported on the 10th local time that as Russia continued to threaten to "invade" (Ukraine), US President Biden issued a warning to Americans remaining in Ukraine on the same day: leave. "American citizens should leave now," Biden said in an interview with NBC News anchor Lester Holt.

"It's not like we're dealing with terrorist groups. We face one of the most powerful armies in the world. It's a very different situation, and things can quickly get crazy. Biden said. Holt asked Biden under what circumstances he would send troops to rescue American citizens fleeing Ukraine. Biden replied: "No, when the United States and Russia start fighting, it will be a world war." "We are in a very different world that we have never seen before," he added. We live in a world that is very different from the past," Biden added. NBC alarmistly said that according to the assessment of the US military and intelligence services, the Russian military may launch a full-scale "invasion" of Ukraine, and the tank may reach the capital Kiev within 48 hours.

Former Chinese and American finance ministers talk: We need to resist the pressure of "decoupling"

Lou Jiwei, former minister of the Chinese Treasury and Henry Paulson, former minister of the United States of finance, held a closed-door dialogue at the Shanghai Suhewan Summit of the Global Wealth Management Forum, which was made public on the 11th. They all believe that in the face of many challenges, China and the United States need to resist the pressure of "decoupling" and strengthen dialogue and cooperation. Lou Jiwei said that what needs to be paid attention to at the moment is that when the ultra-loose monetary policy exits, it is very easy to trigger those risks that may arise. "In particular, the asset prices of some countries have reached a high level, and if the timing or intensity and rhythm of the fiscal and monetary policy withdrawal are not appropriate, it is likely to trigger a crisis." "Financial crises always happen." As U.S. treasury secretary at the time of the last global financial crisis, Paulson bluntly said that as long as there is a financial system and financial markets, and people can afford market panic, a financial crisis will occur. He mentioned that after the difficult times of 2008, he had learned that global collaboration in times of crisis was very useful, so dialogue between the United States and China in the areas of macroeconomic policy and finance was crucial.

The Supreme People's Procuratorate decided to arrest Zhou Jiangyong, former secretary of the Hangzhou Municipal CPC Committee

The case of Zhou Jiangyong, former member of the Standing Committee of the Zhejiang Provincial CPC Committee and former secretary of the Hangzhou Municipal CPC Committee, on suspicion of accepting bribes, was investigated by the State Supervision Commission and transferred to the procuratorate for review and prosecution. A few days ago, the Supreme People's Procuratorate made a decision to arrest Zhou Jiangyong on suspicion of accepting bribes in accordance with the law. The case is under further processing.

The central bank's open market has returned 180 billion yuan in net

The central bank today launched a 7-day reverse repurchase operation of 20 billion yuan, and the winning interest rate was 2.1%, unchanged from before. Due to the expiration of 200 billion yuan of reverse repurchase today, a net withdrawal of 180 billion yuan was achieved.

The National Development and Reform Commission and other ministries and commissions have jointly carried out demonstration actions to promote entrepreneurship and employment of college graduates

The National Development and Reform Commission, together with the Ministry of Education and other 8 ministries and commissions, jointly issued the Notice on the In-depth Implementation of the Demonstration Action of Entrepreneurship to Promote the Entrepreneurship and Employment of College Graduates. The "Notice" proposes that the demonstration action should focus on the group of college graduates, highlight the main line of employment driven by entrepreneurship, carefully plan, regularly dispatch, dredge blockages, implement the inclusive policy for entrepreneurship and employment of college graduates, promote the formulation of special policies in various localities, vigorously support high-quality innovation and entrepreneurship projects, cultivate more specialized and specialized new start-ups, enhance the employability of college graduates, use various platforms such as the Double Creation Activity Week to timely publicize and replicate, and strive to create 2 million high-quality employment opportunities for college graduates throughout the year.

The National Development and Reform Commission and the State Administration of Market Regulation will further take effective measures to effectively maintain the normal order of the iron ore and other bulk commodity markets

In view of the recent changes in iron ore prices and other relevant situations, the Price Department of the National Development and Reform Commission and the Price Supervision and Competition Bureau of the State Administration for Market Regulation plan to send a joint research team to some commodity exchanges and key ports to carry out research on the supervision of the iron ore market in some commodity exchanges and key ports. The research team will focus on understanding the recent changes in iron ore inventory and the participation of relevant enterprises in spot trading in iron ore period, listen to the opinions and suggestions of relevant parties on strengthening the linkage supervision of the spot market, and severely crack down on fabricating and disseminating price increase information, hoarding, price gouging, and malicious speculation. The National Development and Reform Commission and the State Administration of Market Regulation are highly concerned about the changes in the prices of bulk commodities such as iron ore, and will continue to pay close attention to market operations and price trends, and further take effective measures to effectively maintain the normal order of the market.

National Medical Insurance Bureau: This year, we will further expand the scope of collection and collection of proprietary Chinese medicines

Chen Jinfu, deputy director of the National Medical Security Bureau, introduced at the meeting that speeding up and expanding the scope is the proper meaning of normalization and institutionalization. This year, the National Medical Insurance Bureau will guide local governments to promote the detection of large varieties and common diseases according to clinical needs, and strive to achieve more than 100 provincial-level collection varieties in each province, and high-value medical consumables can cover 5 varieties. This year, in accordance with the principle of "one product, one policy", the variety of consumables with many feedback from the masses and large price adjustment space will be carried out to carry out centralized procurement of high-value medical consumables, and this year we are ready to carry out centralized procurement of orthopedic spine consumables. In this area, further exploration in other areas. Including proprietary Chinese medicines, on the basis of the alliance procurement that has been organized in some provinces last year, the scope should be further expanded in an orderly manner this year.

Chen Jinfu, deputy director of the National Medical Insurance Bureau, introduced that the state has organized drug collection and procurement in 6 batches, purchasing a total of 234 drugs, involving market amounts of about 30% of the purchase of chemical drugs and biological drugs in public medical institutions. In 2021, special procurement of insulin was carried out, and for the first time, the collection was expanded from chemical drugs to the field of biological drugs. The collection of high-value medical consumables focuses on the two areas of the most concerned by the masses, cardiology and orthopedics. The collection and collection of cardiac stents has been running smoothly for one year, and the total number of selected stents used is 1.69 million, reaching nearly 1.6 times the annual agreed purchase volume. Last year, the national organization of artificial joint collection and collection of more complex orthopedic consumables was carried out, which further expanded the coverage of the reform.

Jiangxi Province: This year, we will focus on promoting 3,455 large and medium-sized construction projects, with a total investment of 3.8 trillion yuan

According to the Jiangxi Provincial Development and Reform Commission, the table of large and medium-sized construction projects in Jiangxi Province in 2022 is officially clarified, and this year, the provincial level will focus on promoting 3455 large and medium-sized construction projects, with a total investment of 3.8 trillion yuan, and the annual investment is planned to be 1.18 trillion yuan. In 2022, the number of large and medium-sized construction projects in Jiangxi Province increased by 388 over the previous year, an increase of 12.7%; the total investment amount increased by 421.7 billion yuan over the previous year, an increase of 12.5%; the planned annual investment increased by 214.5 billion yuan over the previous year, an increase of 22.2%. 1,742 projects under construction have been started, with a planned annual investment of 639.4 billion yuan; 1,713 new projects are planned to be started, with a planned annual investment of 540.7 billion yuan.

Hangzhou: Carry out pilot projects of intellectual property securitization and explore new models of intellectual property capitalization

The Hangzhou Municipal People's Government issued the Hangzhou National Business Environment Innovation Pilot Implementation Plan. After three to five years of innovation pilots, Hangzhou's business environment competitiveness has leapt to the forefront of the world and the country, the efficiency of government governance has been comprehensively improved, the ability to gather and allocate various resources and elements has been significantly enhanced, the activity and development quality of market entities have been significantly improved, and the first-class business environment of market-oriented rule of law internationalization has been taken the lead in building a first-class business environment with market-oriented rule of law, and a series of replicable and generalizable institutional innovation achievements have been accelerated. Implement a special program for the transformation of IP for SMEs. Improve the risk sharing and compensation mechanism for intellectual property pledge financing guided by the government, and comprehensively use methods such as guarantee risk compensation to reduce credit risks. Carry out the action of "entering the park to benefit enterprises" for intellectual property pledge financing, and strengthen the linkage of "government, enterprise and banking services". Carry out pilot projects of intellectual property securitization and explore new models of intellectual property capitalization.

financial institution

Quantitative private equity Xuanyuan investment: waiting for the valuation digestion of new energy, military and other sectors and emotional stabilization to allocate opportunities again

Quantitative private equity Xuanyuan Investment issued a document saying that in terms of high-end manufacturing, in view of the huge increase in the past 1-2 years, this year's probability will change from a trend opportunity to a swing opportunity. Years later, the weight of these sectors in the portfolio has been rapidly reduced, but considering that the future growth space of new energy, military, electronics and other sectors is still huge, it will maintain its attention after the deep correction, and patiently wait for the opportunity to re-allocate after valuation digestion and emotional stabilization.

CITIC Securities: It is recommended to pay attention to the value of the annual allocation of bank stocks

CITIC Securities Research Report pointed out that the financial data in January exceeded expectations, and the physical loan disbursement hit a record high in a single month, reflecting the continuous efforts and initial results of the "steady growth" policy. At present, the domestic economic operation is in the rebalancing stage of insufficient vitality in the macro policy hedging, and with the continuous deepening of the implementation of relevant policies, the economy is expected to be further repaired. Recently, the prosperity of the banking sector has increased significantly, reflecting the impact of "steady growth" and the resonance of the market seeking low valuation areas, banks have entered a period of stable performance from a period of rapid rise, and are expected to gradually enter the fundamental-driven market range after the stabilization of economic expectations after March, and it is recommended to pay attention to the value of the annual dimension allocation.

Goldman Sachs raised the Fed's 2022 interest rate hike expectations to 7 consecutive rate hikes

Goldman Sachs raised its Fed 2022 rate hike expectations to seven consecutive rate hikes of 25 basis points each, compared with goldman Sachs' previous expectations of five rate hikes in 2022.

Market data

Comments: Nearly 4,000 individual stocks in the two cities fell In the Ningde era fell more than 17% in a week

As of the close of trading on the 11th, the Shanghai index fell 0.66%, the Shenzhen component index fell 1.55%, and the ChiNext index fell 2.84%. Northbound funds bought a net of $1.005 billion throughout the day today. Today's market shock fell, the ChiNext index fell sharply again, this week's ChiNext index fell by 5.59%, Ningde times this week's cumulative decline of 17.32%. On the disk, salt lake lithium, real estate, tourism, coal, finance and other sectors in the morning took turns to be active, and the digital currency in the afternoon was stronger, but most of the plates that rose in the morning were shocked and fell back in the afternoon. In terms of decline, today's pharmaceutical stocks have become the main force of the market, and many sub-sectors have fallen in the front. Overall, today's stocks fell more and rose less, and nearly 4,000 stocks in the two cities fell. The turnover of Shanghai and Shenzhen cities today was 991.5 billion, compared with 55.1 billion yuan from the previous trading day. In terms of sectors, digital currency, salt lake lithium, coal, banking, real estate and other sectors rose in the front, and new crown treatment, traditional Chinese medicine, new crown testing, CRO, chicken raising and other sectors fell in the front.

The balance of financing in the two cities decreased by 954 million yuan

As of February 10, the financing balance of the Shanghai Stock Exchange was reported at 853.571 billion yuan, a decrease of 1.280 billion yuan from the previous trading day; the financing balance of the Shenzhen Stock Exchange was reported at 770.587 billion yuan, an increase of 326 million yuan from the previous trading day; and the total of the two cities was 1624.158 billion yuan, a decrease of 954 million yuan from the previous trading day.

119 shares announced the 2021 performance express, and the net profit of 14 shares exceeded 10 billion yuan

According to data treasure, as of February 11, a total of 119 listed companies in Shanghai and Shenzhen have issued performance express reports. In terms of profits, among the companies that announced the performance express, 118 companies achieved profits, with a net profit of more than 10 billion yuan, and the highest net profit was China Merchants Bank, which achieved a net profit of 119.922 billion yuan last year, an increase of 23.20% year-on-year, followed by Industrial Bank and China CITIC Bank. In terms of growth rate, there are 95 companies with year-on-year increase in net profit, the largest increase is Zhifei Biological, which achieved a total net profit of 10.197 billion yuan last year, an increase of 208.88% year-on-year, followed by Xinji Energy and Jinmolybdenum shares.

Company News

Apple was subject to a class action lawsuit over the iPad mini 6's large area "jelly screen."

According to interface news, last year the iPad mini 6 had a large-area "jelly screen" problem, that is, the left and right sides of the screen were not consistent in refreshing under the scrolling operation. Apple argues that it is a normal phenomenon of LCD. Yesterday, Christopher Bryan, a Colorado citizen in the United States, launched a class-action lawsuit against Apple, arguing that Apple had fraudulent marketing, that Apple knew that the six generations of iPad minis had a "jelly scrolling" problem or insisted on selling, and did not modify the marketing materials to inform the existence of the problem.

Wang Laoji applied for the meta-universe trademark

According to Tianyan, recently, Guangzhou Baiyunshan Pharmaceutical Group Co., Ltd., an affiliate of Wang Laoji, applied for the registration of the trademark "Wang Laojiyuan Universe", which is internationally classified as beer and beverage, and the current trademark status is in the application.

SMIC Zhao Haijun: The total production capacity of the three new projects has doubled after full production

According to the Science and Technology Innovation Board Daily, SMIC co-CEO Zhao Haijun said at the performance briefing: "The Shanghai Lingang project has broken ground in early 2022, and the two projects in Beijing and Shenzhen are steadily advancing, and are expected to be put into production by the end of 2022." SMIC will add 100,000 units of new monthly production capacity in 2021, equivalent to 8 inches, and the planned capacity increase in 2022 will be more than in 2021. When the three new projects are fully produced, the company's total production capacity will be doubled. ”

Hu Haiquan withdrew from the ranks of shareholders of Haiquan Fund Company

According to the Tianyancha App, on February 10, Beijing Haina Baiquan Investment Fund Management Co., Ltd., an affiliate of Haiquan Fund, underwent industrial and commercial changes, and Hu Haiquan withdrew from the ranks of shareholders and added Yin Chengshuang as a shareholder. It is worth mentioning that on February 7, Hu Haiquan also withdrew from the relevant position of Zhongke Haiquan (Beijing) Investment Management Co., Ltd.

Jianye Group: The online rumor that "layoffs of 60%" is not true

According to Henan Business Daily, in response to the layoffs of 60% of the employees of the online Transmission Jianye Group, the Construction Industry Group responded on February 11 that the content of the online transmission did not conform to the facts. Recently, the network rumors that the structure of the group's various centers and the plan for preparing and reporting the situation are only the structural adjustments of the headquarters of the above five major groups, and do not involve the entire Jianye Group, and the content of the plan is not the final result, and the final result is still being carefully formulated. At the same time, in line with the principle of retaining talents, being responsible for society and being responsible for employees, the future of personnel involved is also mainly internal.

Editor-in-charge: Wang Yunpeng