Morning News - Big Events at a Glance
丨Intent news 丨
1. President Xi Jinping made a video call with US President Joe Biden on the evening of the 18th. The two heads of state had a frank and in-depth exchange of views on Sino-US relations and the situation in Ukraine, as well as issues of common concern.
2. The National Development and Reform Commission issued a notice on further improving the production of important agricultural products such as grain and soybeans, and the notice proposed that targeted measures such as government collection and storage should be taken in a timely manner to stabilize the long-term support policy for pig production; and effectively do a good job in ensuring the supply and price stability of agricultural materials such as chemical fertilizers.
3. In order to further support the development of small and micro enterprises, the Ministry of Finance and the State Administration of Taxation recently issued an announcement to clarify the further implementation of preferential income tax policies for small and micro enterprises.
4. On March 18, the National Health Commission made it clear at a press conference held by the State Council that it will adhere to the general policy of "dynamic zero clearance" and will not waver; after the case is not contagious, home observation will be shortened from 14 days to 7 days; mild cases will be centralized isolation and management, and certain medical personnel will be equipped.
5. On the evening of March 18, the State Food and Drug Administration approved the registration application of the new crown antigen self-test products of three enterprises. Since then, the number of self-testing products for the new crown antigen that has been approved in China has reached 17.
6. The Ministry of Finance and the China Securities Regulatory Commission jointly issued a notice on further improving the effectiveness of internal control over financial reports of listed companies, which mentions strengthening the assessment and control of the risk of income fraud.
7. The China Securities Regulatory Commission reported on March 18 that at present, the Csrc is guiding the exchange to formulate rules for the expansion of REITs, and will seek market opinions in due course. We are working with relevant ministries and commissions to study and promote the pilot work of REITs for affordable rental housing and promote the implementation of the project as soon as possible.
8. On March 18, the Asset Management Association of China released the "Monthly Report on the Registration and Product Filing of Private Fund Managers", showing that as of the end of February, there were 24,683 private fund managers, an increase of 0.15% month-on-month; the number of funds under management was 127954, an increase of 0.82% month-on-month; and the scale of managed funds was 20.37 trillion yuan, an increase of 0.45% month-on-month.
9. Chinese Min min bank proposed at the People's Bank of China's 2022 anti-money laundering work video conference that it is necessary to promote the high-quality development of anti-money laundering work in 2022; promote the revision of the "Anti-Money Laundering Law" and improve the anti-money laundering system system; revise the "Anti-Money Laundering Inter-ministerial Joint Conference System", strengthen the construction of anti-money laundering work coordination mechanism; effectively improve the effectiveness of anti-money laundering supervision, and promote the anti-money laundering supervision work in specific non-financial industries.
10. The State Administration of Foreign Exchange said that the mainland foreign exchange market is generally stable, in February, the bank settlement and sales surplus of 4.2 billion US dollars, as of the end of February, the balance of foreign exchange reserves was 3213.8 billion US dollars, compared with the end of January, basically stable compared with the end of January. Fundamental factors will continue to form a solid foundation for the basic balance of payments and the overall stability of the foreign exchange market on the mainland.
The Regional Comprehensive Economic Partnership (RCEP) entered into force for Malaysia on the 18th. At present, the number of effective members of the 15 RCEP signatories has reached 12.
12. The second lesson of the "Tiangong Classroom" is scheduled to start at 15:40 on March 23 at the China Space Station, and the Astronauts of Shenzhou 13, Zhai Zhigang, Wang Yaping, and Ye Guangfu, will cooperate with each other to teach.
On the 13th and 18th, the Chinese Academy of Social Sciences announced the 6 archaeological projects that were finally selected for the "2021 Chinese Archaeological New Discoveries". They are: Pirao Paleolithic Ruins in Daocheng County, Sichuan, Neolithic Ruins in Huangshan, Nanyang City, Henan, Sanxingdui Shang Dynasty Ruins in Guanghan City, Sichuan, Guozishan Warring States Tombs in Zhangshu City, Jiangxi Province, Qin han Cemetery in Zhengjiahu Lake, Yunmeng County, Hubei Province, and Tuguhun Royal Family Tombs in the Tang Dynasty in Wuwei City, Gansu Province.
14, the Central Meteorological Observatory continued to issue a blizzard blue warning at 18:00 on the 18th, and it is expected that from 20:00 on the 18th to 20:00 on the 19th, there will be heavy snow and local blizzard in parts of the Altay region of Xinjiang and eastern Liaoning.
丨Privacy 丨
1. On March 18, the Central Bank, the Banking and Insurance Regulatory Commission, the Securities Regulatory Commission, the State Administration of Foreign Exchange and the People's Government of Zhejiang Province jointly issued the Opinions on Financial Support for The High-quality Development of Zhejiang and the Construction of a Common Prosperity Demonstration Zone, proposing to accelerate the high-quality development of listed companies and lead the development of a number of modern industrial agglomerations through mergers and acquisitions.
2. The National Film Administration issued a notice on the 18th, requiring that cinemas in medium- and high-risk areas should not be opened for the time being, and cinemas operating in low-risk areas should strictly implement the requirement that the attendance rate should not exceed 75%.
3. The Ministry of Housing and Urban-Rural Development issued a draft for comments, and each unit of a new residential building with more than two floors should be equipped with at least 1 elevator.
4. Shandong issued a notice that the frequency of nucleic acid testing for staff of pension institutions and the elderly admitted to the elderly was reduced from 14 days to 7 days.
5. The Department of Human Resources and Social Security of Hunan Province decided to carry out a special action to protect the rights and interests of working hours and rest and leave throughout the province from March 15 to May 15.
6. Guangdong issued an opinion that those who fail to pass high school sports cannot graduate in principle.
7. Shangqiu City, Henan Province, announced that from March 18, Shangqiu City will suspend the operation of leisure and entertainment venues such as movie theaters, Internet cafes, and bars.
丨around 丨
1. From 0 to 16:00 on the 18th, there were 141 new confirmed cases of new coronary pneumonia and 37 cases of asymptomatic infection in Fujian Province.
2. From 0 to 14:00 on the 18th, there were 46 new local confirmed cases of new coronary pneumonia and 28 cases of asymptomatic infection in Liaoning Province; from 14 to 24: 23 new local confirmed cases and 32 cases of local asymptomatic infection.
3. From 0 to 15:00 on the 18th, there were 4 new local confirmed cases of new coronary pneumonia and 8 cases of asymptomatic infection in Zhejiang Province.
From 0:00 on April 18, lalin town and Bajiazi township in Wuchang City, Harbin, Heilongjiang Province, were adjusted to high-risk areas.
5. From 0:00 to 24:00 on March 18, there was a new locally confirmed case in Beijing, and there were no new suspected cases and asymptomatic infected people.
6. From 0:00 to 24:00 on March 18, there were 42 new locally confirmed cases and 161 local asymptomatic infected people in Shandong.
7. Shenzhen Yantian District issued a notice that the sealing area and control area of Qiaodong Community in Shatoujiao Street, Yantian District were unsealed from 24:00 on March 18; Shenzhen Luohu District noticed that since 00:00 on March 19, Guiyuan Street in Luohu District has unsealed the relevant sealing area.
8. From 0 to 24:00 on March 18, there were 8 new locally confirmed cases and 366 asymptomatic infected people in Shanghai. From the 18th to the 20th, Shanghai carried out a free nucleic acid test in time and batch for personnel in non-key areas, taking the streets and towns as the unit.
9. "Dingdong buying vegetables" was exposed to using dead fish to impersonate live fish. The Beijing Haidian District Market Supervision Bureau recently conducted an administrative interview with "Dingdong Buy Vegetables" and filed a case for investigation.
丨International 丨
1. According to the latest real-time statistics of WHO, as of 19:33 Central European Time on March 18 (2:33 Beijing time on March 19), the global cumulative number of confirmed covid-19 cases 464809377, and the cumulative number of deaths 6062536. On the 18th, there were 1931180 new confirmed cases of new coronary pneumonia in the world, and 5192 new deaths.
2. On March 18, local time, a joint investigation report released by the International Organization for Migration showed that during the Russian-Ukrainian conflict, nearly 6.5 million people in Ukraine have been displaced, and more than 3.2 million people have fled Ukraine, becoming one of the largest migration crises in Europe since World War II.
3. According to South Korea Radio International, international credit rating agency Moody's recently said in the "Global Macro Outlook" report that the Russian-Ukrainian conflict has changed the world economic environment to a large extent. Moody's lowered the G20's economic growth forecast for this year to 3.6 percent from 4.3 percent, the U.S. economic growth forecast for the year to 3.7 percent from 4.0 percent and South Korea's growth forecast for the year by 0.3 percentage points to 2.7 percent. In addition, economic growth forecasts in European countries have been revised down significantly: the euro area (4.4% →2.8%), Germany (3.8% →1.8%), the United Kingdom (4.3% →2.8%) and France (3.8% →2.7%).
4. Amazon announced on the 17th that it completed the acquisition of MGM Films in the United States at a cost of $8.5 billion. MGM owns a large number of film and television works, including the "007" series.
Company- Related Trends
丨Material matters 丨
1. China Merchants Bank disclosed its annual report that the net profit in 2021 was 119.922 billion yuan, an increase of 23.2% year-on-year, and the growth rate hit a new high in the past six years, and it is planned to pay 1.522 yuan per share.
2. JinkoSolar: Plans to invest about 20.8 billion yuan to build a photovoltaic project.
3. Oriental Wealth Annual Report: Net profit in 2021 increased by 79% year-on-year, and the company intends to increase the capital of Orient Wealth Securities by 16 billion yuan.
4. Shunxin Agriculture: The price of some liquor products will be raised from May 1.
5. Zhejiang Xinneng: It is planned to raise no more than 3 billion yuan for the Zhejiang Neng Taizhou No. 1 offshore wind farm project and supplementary working capital。
6. Shougang shares: It is proposed to purchase 49% of the equity of steel trading company for 5.859 billion yuan.
丨Market 丨
丨US MARKET 丨
On Friday, US time, Russia-Ukraine negotiations again spread positive news, the head of the Russian negotiating delegation said that the two sides on the core issues of the position has been as close as possible, in addition, Friday is also the first "four witch days" of the US stock market this year, about 3.5 trillion US dollars of option derivatives expired on the same day, the market volume increased accordingly, the three major indexes of the New York stock market closed up for the fourth consecutive day to end this week, of which the NASDAQ rose sharply by 2.05% on the day, which was mainly boosted by the higher Chinese stocks, NetEase rose nearly 6%, Pinduoduo is up more than 8% and has risen more than 50% this week. From the weekly line, all three major US stock indexes recorded the biggest weekly gains in nearly a year and a half this week. The analysis believes that the main reason for the continuous rise of the three major indexes this week is that the signal released by the Fed interest rate meeting is not more "hawkish" than the market expected, and the opening of the interest rate hike cycle reflects the Fed's determination to curb high inflation, and Fed Chairman Powell also expressed confidence in the economic outlook, which has a certain boost to the market.
丨 European market 丨
On the commodities side, on Friday, the decline in London metal nickel widened rapidly after opening, until it fell 12% to $36,915 per ton, hitting the upper limit of the decline for the third consecutive day, leading to trading suspensions, and the London Metal Exchange announced for the third time after hours that it would expand the upper limit of the rise and fall of metal nickel.
丨Gold crude oil 丨
In terms of oil prices, international oil prices continued to rise on Friday, mainly due to the report released by the International Energy Agency on the same day, calling on countries to reduce oil consumption to alleviate the oil supply crisis affected by the Russian-Ukrainian conflict. In addition, the agency also said that OPEC members refused to significantly increase crude oil production to ease market demand, which once again triggered investors' concerns about the supply prospects of the crude oil market, and international oil prices rose accordingly. But this week, U.S. oil and cloth oil fell cumulatively, and fell more than 4% for the second consecutive week.
On the gas side, European gas prices pulled back from the rally in the previous session on Friday, with Dutch TTF gas futures, considered a European gas weathervane, down 4.37 percent at 100.5 euros/MWh, down nearly 25 percent this week, the second straight week of decline. The analysis believes that as the weather in Europe gradually warms up and the Russian gas supply remains stable, investors' worries about the outlook for European gas supply continue to weaken, resulting in gas prices continuing to decline.
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(Edited by Sun Yonghui)