Macro news
1. Yesterday, in response to the visit to Taiwan by US House Speaker Pelosi, Foreign Ministry spokesman Zhao Lijian responded that the Chinese side is firmly opposed to this and has made solemn representations to the US side.
China's foreign exchange reserves at the end of March were REPORTED AT $3.188 trillion, down $25.837 billion month-on-month; gold reserves were 62.64 million ounces at the end of March, unchanged from the previous month.
3. EU High Representative for Foreign Affairs and Security Policy Borrell said in Brussels that the 27 member states of the European Union are expected to reach a consensus on the proposal for the fifth round of sanctions against Russia issued by the European Commission at the latest, including measures such as banning coal imports from Russia.
4. [The five major banks respond to the problem of not being able to repay the mortgage on time due to the epidemic] What should some people do if they cannot repay the mortgage on time due to the impact of the epidemic? The five major banks of industry, agriculture, China, construction and communications responded to Xinhua News Agency on the 7th that for individual housing loan customers affected by the epidemic, they can provide service support including deferred repayment time, extended loan term, and adjustment of bill plans.
5. The People's Bank of China held a video conference on payment and settlement work in 2022, mentioning that the supervision of payment business of platform enterprises should be strengthened in accordance with the law.
Industry news
1. According to the State Administration for Market Regulation, since April 7, 2022, Tesla has recalled some imported and domestic Model 3 electric vehicles with production dates from January 11, 2019 to January 25, 2022, with a total of 127785 vehicles (including 34,207 imported Model 3 cars and 93,578 domestic Model 3 vehicles).
2, "relay loan" re-emergence, Guangzhou has banks once again launched the "relay loan", it is understood that the main lender of "relay loan" needs to be between 18 and 65 years old. According to the age of the child, the maximum loan is 30 years, and the parent+ child turnover meets the monthly payment of more than twice, the minimum of the first set is 5.4%, and the second set is 5.6%. At the same time, there are already banks in Guangzhou that have lowered the interest rate of their first home to the LPR benchmark. However, as things continue to ferment, the bank has urgently called off the project.
3. Recently, it has been reported that the down payment for buying a house in Yanjiao has dropped to 20%, and the down payment for the second set has dropped to 30%, and a number of real estate agents and sales department personnel said that it is true. Previously, the down payment for the first suite in Yanjiao was 30% of the total price, and the second set was 50%. However, it is understood that this news that has not been issued official documents has been urgently stopped by banks.
4. According to the statistics of the Ministry of Public Security, as of the end of March 2022, the number of motor vehicles exceeded 400 million, and 9.34 million were newly registered in the first quarter. The number of new energy vehicles reached 8.915 million, and 1.11 million new vehicles were newly registered in the first quarter.
5. The United Kingdom has released a new energy strategy, planning to approve the construction of one nuclear reactor per year from next year to 2030, a total of eight nuclear reactors, and it is expected that nuclear power production will reach 24 GW by 2050, meeting a quarter of the UK's electricity demand.
6. The People's Bank of China held a video conference on research work in 2022. The meeting pointed out that in 2022, it is necessary to achieve an orderly and effective connection between green finance and transformation finance, and form a feasible policy initiative.
7. Germany and 11 other EU member states issued a joint statement saying that the EU should accelerate negotiations on new policies to deal with climate change, and increase its determination to transform energy and stop using Russian fossil fuels as soon as possible.
8, the Chinese market demand for gold investment has increased greatly, the National Bureau of Statistics data show that in 2021, the total domestic demand for gold bars and coins reached 285 tons, an increase of 44% year-on-year, 35% higher than in 2019.
9. This year's first public REITs have gained popularity. On April 7, Huaxia CCCC REIT was put on sale for 2 hours, and the subscription scale of public investors exceeded 20 billion yuan. From the perspective of the whole day, the subscription scale of Huaxia CHINA COMMUNICATIONS CONSTRUCTION REIT exceeded 60 billion yuan, which was less than the placement ratio of 1.17%, setting a new low for public fund fundraising placement. With the entry of CHINA COMMUNICATIONS REITs into the market, the capacity of infrastructure REITs will be expanded to 12. Industry insiders said that the value of the mainland's existing infrastructure assets exceeds 10 trillion yuan, and if the securitization rate reaches 1%, the potential market size of infrastructure REITs will reach the trillion level.
Company News
1. Zhonghuan Co., Ltd. announced that it has reached a strategic cooperation with TCL Technology and the Inner Mongolia Autonomous Region Government on the investment and construction of the Zhonghuan Industrial City project group, including a high-purity polysilicon project with a total production capacity of about 120,000 tons, a semiconductor monocrystalline silicon material and supporting project, and a national silicon material research and development center project, with a total planned investment of about 20.6 billion yuan.
2. C*Core Announced that the internal test of the new product of automotive electronic body and gateway control MCU developed by the company was successful, and the new product has received more than 1.1 million actual orders from 9 customers as of April 7, 2022.
3. First Medical Announcement provides public with epidemic prevention material procurement services, which will generate main income of 600 million to 800 million yuan.
4.ST Red Sun announced that it expects net profit in the first quarter to be 286 million yuan - 318 million yuan, an increase of 1194% - 1339% year-on-year.
5. East Sunshine announced that it is expected that the net profit attributable to the shareholders of the listed company in the first quarter of 2022 will increase by 250 million yuan to 280 million yuan compared with the same period last year, an increase of 1149% to 1287% year-on-year.
6. Makihara shares announced that the chairman's convertible bond short-term trading income of 86.8881 million yuan has been handed over to the company in full.
7. Gigabit announced that in 2021, the net profit attributable to the shareholders of the listed company will be 1.468 billion yuan, an increase of 40.34% year-on-year, and it is planned to pay 10 160 yuan.
8. Mingyang Intelligent announced that it is expected to achieve a net profit of 1.3 billion yuan to 1.55 billion yuan in the first quarter, an increase of 408.02% to 505.72% year-on-year.
9. Yaben Chemical announced that the net profit in the first quarter increased by 28%-47%, and some pharmaceutical intermediate products made positive progress.
10. Heatscape Biotech announced that the company's product Beijing Heatscape Biotechnology Novel Coronavirus 2019n-CoV Antigen Detection Kit (front nasal cavity) has been certified by the Department of Health of the Hong Kong Government.
11. Jiangte Motor announced that Jiangte Mining, a wholly-owned subsidiary, intends to invest in a new project with an annual output of 3 million tons of lithium ore mining and dressing and an annual output of 20,000 tons of lithium salt in Tong'an and Industrial Park, Yifeng County, Jiangxi, with a total investment of about 2 billion yuan.
12. Anjie Technology announced that it is expected that the net profit in the first quarter of 2022 will be 75 million yuan - 100 million yuan, an increase of 1567% - 2123% year-on-year
Global markets
1. The three major U.S. stock indexes closed up slightly, with the Dow up 0.25%, the S&P 500 up 0.43%, and the NASDAQ up 0.06%. The coal and pharmaceutical sectors rose in the front, and most of the popular Chinese stocks fell, with iQiyi falling more than 12% and Zhihu and Bilibili falling more than 8%.
WTI crude oil futures closed down 0.6% at $96.03/barrel; Brent crude futures closed down 0.5% at $100.58/barrel.
COMEX June gold futures closed up 0.8% at $1937.80 an ounce.