Digital currencies rose sharply, A-shares rebounded, and trading atmosphere rebounded
Per reporter: Liu Mingtao Per editor: Peng Shuiping
Today, brokerages led the rise, semiconductors rebounded quickly before noon, market sentiment rebounded, as of the morning close, the Shanghai Composite Index rose 0.26%, the Shenzhen Component Index rose 0.24%, and the Science and Technology Innovation Board Index rebounded strongly, up 1.18% in half a day. From the perspective of individual stock performance, fintech, lithium battery, and telecom concept stocks strengthened, while pharmaceutical stocks pulled back comprehensively, and diet pills led the decline; Huawei's concept stock speculation cooled.
In terms of funds, the central bank continued to do October MLF at excessive parity on Monday (October 16), and the capital level of the interbank market was still suitable, and the overnight and seven-day repo rates continued to fall slightly. However, this week, local bonds and government bond issuance payments will usher in a blowout, and the subsequent impact remains to be seen. Some analysts believe that the central bank's recent statement that "monetary policy still has sufficient space and reserves", indicating that the tone of policy easing will not change in the short term, combined with the excess renewal of MLF, the central bank will still actively and flexibly respond to the impact of government bond supply on liquidity.
In terms of section information, the third Belt and Road Forum for International Cooperation will be held in Beijing on October 17-18, with the theme of "High-quality Joint Construction of the Belt and Road, Working Together to Achieve Common Development and Prosperity". Among them, green development and digital economy are the high-level forum themes of the third summit forum, which is expected to form unexpected cooperation results, which also made the digital currency collectively soar this morning.
It is understood that central banks around the world have reached a consensus on the development of CBDCs, and the mainland digital currency project has been launched for nine years, and will continue to be piloted in 2023. As of August 2023, the central banks of more than 100 countries have started the research and development of digital currencies, with developing countries in the lead. In 2023, the mainland will continue to promote the pilot in an orderly manner, and from a sub-regional point of view, the process varies greatly from place to place, and the policy increase in Jiangsu, Zhejiang and Guangdong is relatively large, and the pace of pilot promotion is far ahead. By August 2023, the cumulative transaction volume of CBDC in Jiangsu Province accounts for about 72% of the country, and it is expected to initially form a complete digital currency system in 2025.
According to the central bank, the circulating stock of digital yuan accounted for 0.16% of M0 in June 2023, and the cumulative transaction amount in that month reached 180 million yuan, an increase of 17 times compared with August 2022. The continuous landing of application scenarios is expected to become a new round of development momentum. First of all, at the central bank level, digital currency is supervisable and traceable, and has great potential in application scenarios such as finance, taxation, government affairs, and people's livelihood, but the core should take into account the centralization of central banks and the decentralization of economic entities. Secondly, at the enterprise level, it has been implemented in application scenarios such as public transportation, wholesale and retail, catering and cultural tourism, e-commerce consumption, and government payment. At the end of 2022, Alipay joined the digital yuan acceptance network, and there are pilot payments in scenarios such as Taobao, Tmall and Freshippo. In 2023, WeChat Mini Program/Channels has begun to support digital RMB transactions.
Caitong Securities analysis pointed out that the landing and promotion of digital RMB will bring a large number of software systems and hardware equipment replacement and transformation needs, and terminal manufacturing leaders are expected to divide more incremental scale.
Here, by integrating the latest research report information of a number of brokerages, we bring 4 company profiles to fans and friends, for reference only.
1. Kelan Software
The company's database product SunDB, as a domestic database with independent intellectual property rights that meets the requirements of information creation, has seen explosive growth in winning projects and users since 2022, and the product has been launched in a number of city commercial banks and financial companies and tested in a number of securities companies, and the penetration rate in the industry has increased rapidly, laying a solid foundation for the future monetization of the database business. (China Merchants Securities)
2. Gao Weida
The top-level design of data elements in mainland China is accelerating, the marketization of data elements is accelerating, data from all walks of life will generate value, and finance is one of the important areas. After years of technology research and development and service innovation, the company has formed credit and risk control management system, core business system, CRM and ECIF and other solutions with strong market competitiveness and high market share, and the above systems have been successfully applied to policy banks, state-owned commercial banks, joint-stock banks, city commercial banks and rural credit cooperatives. Data elements continue to advance, the company has been deeply engaged in the financial field for many years, with outstanding advantages and core benefits. (Capital Securities)
3, Chu Tianlong
As a leading enterprise in the smart card industry, the company has advanced production technology, rich experience and high-quality customer resources; Under the background of the replacement of third-generation social security cards and the continuous promotion of digital RMB, it is expected to continue to benefit in the future; The communication field is also full of opportunities, and communication products and solutions superimposed on digital identity and digital currency applications have broad prospects. (TF Securities)
4. Lakara
With the gradual recovery of the economy, the company's offline acquiring business will be repaired, the company will build a strong promotion service network in the online acquiring market, and the payment business is expected to grow steadily. The company has made efforts in the technology business, AI and big data products continue to land in the field of financial technology, and the "payment +" industry solutions are accelerating, providing diversified services around payment for its massive merchants, improving stickiness, and optimistic about the company's future growth. (Guotai Junan)
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