【Inventory of important news】
Clarifying the Roadmap for the Development of China's Capital Market The third "National Nine Articles" of the capital market are coming
On April 12, the State Council promulgated the "Several Opinions on Strengthening Supervision and Preventing Risks and Promoting the High-quality Development of the Capital Market". The "Opinions" issued this time have a total of 9 parts, which is a guiding document for the capital market issued by the State Council again after the two "National Nine Articles" in 2004 and 2014.
Tian Lihui, dean of the Institute of Financial Development of Nankai University, told the Beijing News that the introduction of the new "National Nine Articles" is of great significance and an important milestone in the development of the capital market. It reflects the great importance that the CPC Central Committee and the State Council attach to the capital market and their firm determination to develop the capital market with high quality.
Comments: Compared with the past "National Nine Articles", the biggest change this time is that it not only emphasizes the political and people's nature of the capital market, but also highlights the main line of strengthening supervision, preventing risks and promoting high-quality development.
RMB loans increased by 9.46 trillion yuan in the first quarter, and the credit rhythm was more balanced
On April 12, the central bank released data showing that in the first quarter of 2024, RMB loans increased by 9.46 trillion yuan, of which RMB loans increased by 3.09 trillion yuan in March, a year-on-year decrease of 800 billion yuan, and the cumulative increase in the scale of social financing in the first quarter was 12.93 trillion yuan, 1.61 trillion yuan less than the same period last year, of which 4.87 trillion yuan of new social financing was added in March, a year-on-year decrease of 514.2 billion yuan. At the end of March, broad money (M2) increased by 8.3% year-on-year, 0.4 percentage points lower than the end of the previous month.
Comments: Overall, new domestic loans and new social financing remained at a high level, and M2 continued to be higher than GDP and price targets year-on-year, reflecting that the domestic financial environment remained moderately loose and provided strong support for the real economy.
Huijin Company increased its holdings of more than 1 billion A shares of the four major banks
On the evening of April 12, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank collectively announced the recent increase in holdings of Central Huijin Investment Co., Ltd.
According to the announcement, from October 11 last year to April 10 this year, Huijin Company increased its holdings of Agricultural Bank of China, Bank of China, Industrial and Commercial Bank of China, and China Construction Bank by 401 million shares, 330 million shares, 287 million shares and 71.45 million A shares. The total number of A-shares held by the four major banks by Huijin exceeded 1 billion shares.
Comments: The above-mentioned banks also collectively revealed that Huijin will continue to support the long-term and steady development of banks.
Big news in the real estate market! He Lifeng spoke out!
Zhengzhou, April 14 (Xinhua) -- He Lifeng, member of the Political Bureau of the CPC Central Committee and vice premier of the State Council, investigated real estate work in Zhengzhou from April 13 to 14 and presided over a symposium. He Lifeng stressed that it is necessary to conscientiously study and implement the spirit of General Secretary Xi Jinping's important instructions and the decision-making and deployment of the Party Central Committee and the State Council, further understand the importance of doing a good job in real estate work, accelerate the implementation of the urban real estate financing coordination mechanism, and actively give financial support to compliant real estate projects that meet the requirements of the "white list", so as to ensure that the project is completed and delivered on time, effectively protect the legitimate rights and interests of buyers, stabilize expectations, and promote the steady and healthy development of the real estate market.
Comments: The relationship between supply and demand in the mainland real estate market has undergone major changes, and it is necessary to speed up the construction of a new model of real estate development, do a good job in the construction of the "three major projects" of affordable housing, urban village transformation, and "level-emergency dual-use" public infrastructure, and pay close attention to solving the blockages in the implementation of the urban real estate financing coordination mechanism, strengthen the supervision of projects under construction, ensure project financing, and ensure the quality of construction and on-time delivery.
China Securities Regulatory Commission: Accelerate the implementation of the "1+N" policy system
The China Securities Regulatory Commission announced on April 13 that the China Securities Regulatory Commission recently held a mobilization and deployment meeting and policy training meeting for the implementation of the "1+N" policy document, in-depth study of the "Several Opinions of the State Council on Strengthening Supervision and Risk Prevention and Promoting the High-quality Development of the Capital Market" and supporting documents, research and deployment of the CSRC system implementation work, and proposed to accelerate the implementation of the "1+N" policy system in the capital market.
Wu Qing, chairman of the China Securities Regulatory Commission, attended the meeting and delivered a speech. Members of the Party Committee of the China Securities Regulatory Commission attended the meeting. The main persons in charge of the relevant departments and bureaus of the China Securities Regulatory Commission respectively conducted policy training and interpretation on the overall situation of the new "National Nine Articles", strict control of issuance and listing access, strengthening the supervision of listed companies, strictly implementing the delisting system, strengthening institutional supervision, procedural transaction supervision, and strengthening self-construction.
Comments: It is necessary to combine the implementation of the new "National Nine Articles" with the implementation of the spirit of the Central Financial Work Conference, and combine it with the construction of the capital market system, plugging loopholes, and making up for shortcomings, improve the basic system of the capital market, and strive to enhance the internal stability of the capital market.
Middle Eastern countries warn of the risk of war posed by the escalation of the situation in the region
New York, April 14 (Xinhua) -- Jordan, Turkey, Iraq, Qatar and other Middle Eastern countries warned on April 14 that the escalation of the regional situation may bring about the risk of war, and called on all parties to exercise restraint.
According to a report by the Jordan News Agency on the 14th, King Abdullah II of Jordan stressed the need to immediately prevent the escalation of the regional situation in a phone call with US President Biden on the same day, warning that any Israeli escalation will lead to the expansion of regional conflicts. Abdullah II said an immediate end to the conflict in Gaza was necessary to stop the escalation and protect the region from repercussions. The civilian population of the Gaza Strip must be protected and the sustained and adequate flow of humanitarian assistance into the Gaza Strip must be ensured.
Comment: Israel's attack on the consular section of the Iranian embassy in Syria violated international law, and Iran's retaliatory actions for the attack and subsequent developments suggest that the incident could trigger a "local war."
【Industry Hot Spots】
A number of new standards have been approved! Internet of Vehicles, big news
"Trade-in" stimulates the vitality of the home appliance market, and leading enterprises actively layout
In March, the average sales price of commercial pigs rose month-on-month, and listed pig breeding companies started a game around cost
【Market Dynamics】
A-shares: On the 12th, the stock indexes of the two cities fluctuated and fell intraday, and the decline accelerated at the end of the session, with the ChiNext index falling by more than 1%;
As of the close, the Shanghai Composite Index fell 0.49% to 3,019.47 points, the Shenzhen Component Index fell 0.78% to 9,228.23 points, and the ChiNext Index fell 1.08% to 1,762.88 points, with a total turnover of 810.2 billion yuan in the two cities, and a net sale of 7.385 billion yuan in northbound funds.
Hong Kong stocks: At the close of Hong Kong stocks on the 12th, the index fluctuated and fell, with the Hang Seng Index falling 2.18% to close at 16,721.69 points, and the Hang Seng Technology Index falling 1.81% to close at 3,474.47 points. In terms of sectors, nickel metal stocks and gold stocks led the gains, while leasing and selling stocks with the same rights and Internet insurance stocks led the decline. In terms of popular stocks, Xiaomi Group rose more than 2%, Vanke fell 7%, Meituan fell more than 2%, Haosen Financial Technology fell more than 10%, and Xinji Shaxi rose more than 69%.
U.S. stocks: In the early morning of the 13th, U.S. stocks closed down on Friday, and the three major stock indexes all recorded a second consecutive week of decline. The Dow fell for the fifth straight session. The Dow fell 475.84 points, or 1.24 percent, to 37,983.24, the Nasdaq lost 267.10 points, or 1.62 percent, to 16,175.09 and the S&P 500 lost 75.65 points, or 1.46 percent, to 5,123.41.
European stocks: Germany's DAX 30 index fell 0.1%, Britain's FTSE 100 index rose 0.93%, France's CAC 40 index fell 0.16%, and Euro Stoxx 50 index fell 0.33%.
【Institutional Strategy】
CITIC Securities: The domestic economy is recovering steadily, the pricing system of overseas assets is disordered, the US dollar interest rate cut is expected to be revised downward, and then with the intensive disclosure of economic data, corporate financial reports, institutional positions in the second half of April, as well as the convening of the Politburo meeting, it is expected that the short-term game of the A-share market will tend to be complex, and more importantly, the new "National Nine Articles" have landed, consolidating the important foundation for the medium and long-term healthy development of China's capital market.
First of all, the domestic economy is running smoothly, the replenishment of the stock supports the production boom, the macro data is not weak, and the supply and demand are still unbalanced; prices in March were lower than expected, and the transmission of the prosperity of the production side to the profit side of enterprises slowed down due to its constraints. Secondly, the pricing system of major types of assets has been disordered recently, with the trend of gold, US dollar US bonds, and cyclical products relatively independent, and the risk aversion supporting the gold market is difficult to say the end; the US dollar interest rate cut expectations continue to be revised downward to drive the US dollar and US Treasury yields higher; and the supply-side constraints have strengthened the elasticity of the prices of cyclical products such as oil, copper and aluminum. Finally, and more importantly, the new "National Nine Articles" have been implemented, the framework of the new round of "1+N" policy system in the capital market has gradually become clear, and the focus of reform has shifted to the investment side, focusing on improving the quality of listed companies and investor returns, and consolidating the important foundation for the medium and long-term healthy development of China's capital market.
【Topic Company】
Vanke responded to everything late at night! There was no refusal to pay accounts
"Vanke's debt scale will drop by 100 billion yuan this year and next, and the debt risk will be substantially resolved. It is also solemnly promised that all projects of Vanke Group will be delivered on time and with high quality. ”
On the evening of April 14, after the tax authorities completed the inspection, Vanke made a comprehensive response to the rumors of Yantai Vanke: the tax authorities conducted an inspection of Yantai Vanke, and Vanke did not refuse to pay the accounts, and the tax authorities did not determine that Yantai Vanke had the subjective intention to evade taxes, and there was no so-called private interest of Vanke's management team in the cooperation project. Not only that, Vanke also responded to the so-called "restricted departure of executives" rumors that broke out on the same day.
【IPO Alert】
There were no new shares subscribed this week
There were no new shares issued this week (April 15th ~ April 19th), but 1 new stock was listed.
Hongxin Technology disclosed the listing announcement on the evening of April 11, and the stock will be listed on the GEM of the Shenzhen Stock Exchange on April 15, with the stock code 301539. The Company's main business is the research and development, design, manufacture and sales of forged aluminum alloy wheels for automobiles, and its main products include wheels for commercial vehicles and wheels for passenger cars.
【Announcement Reminder】
Guangdong Province's "white list" projects have received loans of 11.9 billion yuan
E Company News, Guangdong Provincial Department of Housing and Urban-Rural Development, on the afternoon of April 12, the Guangdong Provincial Department of Housing and Urban-Rural Development, the Guangdong Supervision Bureau of the State Financial Supervision Administration, and the Shenzhen Supervision Bureau jointly held a video conference on the work scheduling of the province's urban real estate financing coordination mechanism.
The meeting informed that as of the end of March, 177 of the whitelist projects proposed by the province have received bank credit of 52.4 billion yuan, 83 projects have obtained loans of 11.9 billion yuan, and private real estate enterprises and mixed-ownership real estate enterprises accounted for 86.5% and 86.9% of the credit line and financing obtained respectively.
Dengyun shares: Chairman of the board of supervisors Ye Zhi's spouse made a short-term trading profit of 160 yuan and apologized
Dengyun shares (002715) announced on the evening of April 14 that the company recently received the "Explanation and Letter of Apology on the Trading of Dengyun Shares" issued by Ye Zhi, chairman of the board of supervisors, and learned that Ye Zhi's spouse Yi Chang had bought and sold the company's shares from April 10, 2024 to April 11, 2024. The profit generated by Yichang in the above short-term trading is 160 yuan.
Ye Zhi did not know about the transaction in advance, and Yi Chang did not consult Ye Zhi on the trading of shares and discussed with each other, and there was no situation in which he traded the company's shares for profit due to inside information, nor did he use short-term trading to seek benefits. Yichang deeply recognizes the adverse impact of this illegal short-term trading on the company and the market, and apologizes to the company's investors.
Aerospace Electrical: The company is a connector supplier of COMAC
E company news, aerospace electrical appliances said on the interactive platform on April 14 that the company's supporting products in the aviation field mainly include high-end relays, connectors and cables, micro and special motors, etc. At present, the company is a connector supplier of COMAC.
Xinlian Integration: It is planned to repurchase shares with 200 million yuan to 400 million yuan
E company news, Xinlian Integration (688469) announced on the evening of April 14 that the company intends to repurchase shares with its own funds through centralized bidding transactions, with a repurchase amount of not less than 200 million yuan (inclusive) and no more than 400 million yuan (inclusive). The price of the repurchased shares shall not exceed 7 yuan per share (inclusive), and the purpose of the repurchased shares shall be equity incentive or employee stock ownership plan.
outstanding achievement
Shenzhen Airport: net profit in the first quarter was 82.72 million yuan - 113 million yuan, a year-on-year turnaround
E company news, Shenzhen Airport (000089) released a performance forecast on the evening of April 14, and it is expected that the net profit attributable to the parent company in the first quarter of 2024 will be 82.72 million yuan - 113 million yuan, a year-on-year turnaround. During the reporting period, with the continuous recovery of the civil aviation market, the company's main business development trend was good, with passenger throughput increasing by 36% year-on-year and flight takeoffs and landings increasing by 21% year-on-year, making the company's operating income increase year-on-year and operating performance year-on-year.
SuperMap Software: Net profit of 152 million yuan in 2023 will be a year-on-year turnaround
E Company News, SuperMap Software (300036) released its annual report on the evening of April 14, achieving operating income of 1.979 billion yuan in 2023, a year-on-year increase of 24%, net profit of 152 million yuan, a loss of 339 million yuan in the same period last year, a year-on-year turnaround, and basic earnings per share of 0.31 yuan. It is proposed to distribute a cash dividend of 1.0 yuan (tax included) to all shareholders for every 10 shares.
Dongpeng Beverage: Net profit in 2023 will increase by 41.6% year-on-year, and 10 distributions of 25 yuan (tax included) will be distributed
E company news, Dongpeng Beverage (605499) released its annual report on the evening of April 14, achieving operating income of 11.263 billion yuan in 2023, a year-on-year increase of 32.42%, net profit attributable to the parent company of 2.040 billion yuan, a year-on-year increase of 41.60%, and basic earnings per share of 5.10 yuan. It is proposed to distribute 25 yuan (tax included) to all shareholders for every 10 shares. In 2023, the sales revenue of Dongpeng Special Drink will be 10.336 billion yuan, accounting for 91.87%.
Jiamei Packaging: net profit in the first quarter increased by 75.28%-127.66% year-on-year
E company news, Jiamei Packaging (002969) released a performance forecast for the first quarter of 2024 on the evening of April 14, and it is expected that the net profit in the first quarter will be 41.7472 million yuan - 54.2234 million yuan, a year-on-year increase of 75.28% - 127.66%. The company released its 2023 annual performance report on the same day, achieving a net profit of 154 million yuan in 2023, a year-on-year increase of 805.71%.
Yichang Technology: net profit in the first quarter increased by 401.2% year-on-year
E company news, Yichang Technology (002420) disclosed the first quarter report on the evening of April 14, the operating income in the first quarter of 2024 was 572 million yuan, a year-on-year increase of 12.37%, the net profit attributable to the parent company was 53.9421 million yuan, a year-on-year increase of 401.2%, and the basic earnings per share was 0.14 yuan.
Lianke Technology: net profit in the first quarter increased by 214.55% year-on-year
E Company News, Lianke Technology (001207) disclosed the first quarter report of 2024 on the evening of April 14, with operating income of 520 million yuan in the first quarter, a year-on-year increase of 12.33%, a net profit of 55.1459 million yuan, a year-on-year increase of 214.55%, and basic earnings per share of 0.28 yuan.
Cathay Biotech: Net profit in the first quarter increased by 63.65% year-on-year to 100.20%
E Company News, Cathay Biotech (688065) released its performance forecast for the first quarter of 2024 on the evening of April 14, and it is expected to achieve operating income of 650 million yuan to 720 million yuan in the first quarter, a year-on-year increase of 28.60% to 42.45%. It is expected that the net profit in the first quarter will be 94 million yuan to 115 million yuan, an increase of 63.65% to 100.20% year-on-year. During the reporting period, affected by the recovery of downstream demand, the company's long-chain diacid sales volume and sales revenue increased significantly compared with the same period last year.