A selection of financial news
Li Keqiang: appropriate time to reduce the quota! Increase support for the real economy to ensure stable and healthy economic operation
Premier Li Keqiang met with International Monetary Fund Georgieva on the afternoon of December 3 at the Ziguang Pavilion in Zhongnanhai, China will continue to coordinate the prevention and control of epidemics and economic and social development, the implementation of stable macroeconomic policies, strengthen the targeting and effectiveness, and continue to implement a prudent monetary policy
Shanghai launched the capital market fintech innovation pilot, the significance of which is comparable to the digital RMB pilot
The third Shanghai International Forum on Fintech and the first Yangtze River Delta Fintech Conference was opened on December 4 in the Shanghai International Financial Technology Innovation Center. Leaders, experts and scholars from national financial management, financial institutions, financial technology, education and research institutions, through online and offline forms*** with the "new financial new ecological new future" to discuss. At the opening ceremony of the forum, Shanghai Municipal Bureau of Local Financial Supervision and Shanghai Securities Regulatory Bureau*** announced the launch of the capital market fintech innovation pilot (Shanghai).
Chinese Securities Regulatory Commission Vice Chairman Fang Xinghai: accelerate the construction of commodity ecosystem, to build commodity trading center and information center
Chinese Securities Regulatory Commission Vice Chairman Fang Xinghai said the futures market to accelerate the construction of the over-the-counter derivatives market, steadily expanding the pilot varieties of warehouse receipts trading, improve the period of the integrated trading platform service Functions, strengthen cooperation with emerging technology, finance, warehousing and logistics and other parties, strengthen the joint production and financing, accelerate the construction of commodity ecosystems, to build commodity trading centers and information centers, to promote the synergistic development of on- and off-site, and to continue to expand the coverage of futures derivatives services to the real economy.
At least 27 countries have raised interest rates this year! Central banks also encountered a new problem
Data show that in 2021, more than 80 countries and regions around the world, the global inflation rate hit a new high in the past five years, and the overall global inflation rate this year will reach 4.3%, a 10-year high. Among them, the eurozone CPI rose 4.9% year-on-year in November, the biggest increase in 25 years. The U.S. CPI rose 6.2% year-on-year in October, the largest increase in 31 years. Many countries' consumer price index, or CPI, continues to soar, from water, electricity and gas to the necessities of life, almost nothing in the price increases, the lives of people in many countries are under enormous pressure. In order to prevent inflation from further aggravating and to avoid financial imbalances, the central banks of many countries began to cut economic stimulus measures. Including Russia, Mexico, Venezuela, Poland and Brazil, at least 27 countries around the world have raised interest rates this year. The recent discovery of a new mutant strain of Omicron in South Africa has once again brought uncertainty to global economic growth and a new dilemma for central banks.
China Council for the Promotion of International Trade (CCPIT) President Gao Yan: the "three highs" phenomenon is particularly noteworthy at present
December 4, China Council for the Promotion of International Trade (CCPIT) President Gao Yan in the International Finance Forum (IFF) 18th Annual Global Conference (F20 Summit), said. At present, the "three high" phenomenon is of particular concern. First, energy prices are high and difficult to come down. In the second half of this year, the global energy supply and demand imbalance, many countries lack of coal and electricity, oil and gas shortage, energy prices in the third quarter rose 16%. Second, the high level of global debt. 2020 total global debt soared to 281 trillion U.S. dollars, accounting for 355% of global GDP. At present, the loose fiscal and monetary policies of major economies are close to their limits. Third, protectionism is on the rise. The tendency of most countries to internalization has intensified, the global industrial chain supply chain has been reshaped, trade frictions have emerged, and restrictions and scrutiny on foreign investment have tightened.
(Investment Advisor: Lin Xu Rui, Practice Certificate No. S0260615100004)
Second, the market hot spot focus
Market Comment: The market re-enacted structural active market, it is recommended that the moderate positive wave participation
Friday's index opened high, as of the close, the Shanghai index rose 34 points to close at 3607 points, the GEM index rose 0.34% to close at 3479 points, 67 stocks rose, 20 stocks fell, the two cities combined turnover of 1135.4 billion yuan, northbound net inflow of funds 9.2 billion. Plate observation, port transportation, electricity, coal, aerospace and other sectors rose, education, electronic cigarettes, paper, auto parts and other sectors fell. Plates and stocks show structural activity, the current fundamentals and liquidity stability background, the market is expected to show into the two back a shock disc trend, the operation suggests the flexibility to grasp the rhythm of swing participation, it is recommended that you can focus on the financial, wind power, photovoltaic, semiconductor and other sectors. The stock market is risky, investment need to be cautious.
(Investment Advisor Gu Zhixiong Registered Investment Advisor Certificate No.: S02606611020066)
Macro Viewpoint: Li Keqiang: China will formulate policies around the needs of market players, and reduce the quota at the right time
Events: Premier Li Keqiang on the afternoon of December 3 at Zhongnanhai Ziguangge video meeting with International Monetary Fund Managing Director Georgieva. Li briefly introduced China's economic situation, pointing out that in the face of a complex environment and new downward pressure, China will continue to coordinate the prevention and control of the epidemic and economic and social development, the implementation of stable macro-policies, and strengthen the targeting and effectiveness.
Source:? Securities Times
Comment: Li Keqiang highlights "continue to implement a prudent monetary policy, maintain a reasonable abundance of liquidity, formulate policies around the needs of the main market, the use of a variety of monetary tools, the timely reduction of the quota, and increase the support for the real economy, especially small and medium-sized micro-enterprises, and to promote the comprehensive cost of financing steadily declining, to ensure the smooth and healthy functioning of the economy "The news is expected to the market to bring a pill of confidence, favorable stage to boost market confidence.
(Investment Advisor Gu Zhixiong Registered Investment Advisor Certificate No.: S02606611020066)
Automotive industry: domestic parts and components ushered in the golden age, the valuation of the waiting for the flowers to bloom
Events: the domestic automotive industry is faced with the change of electrification and intelligence, the future of automotive industry competition The pattern of the future automotive industry competition will undergo a major change. We believe that the logic of the rise of independent also applies to parts and components enterprises, the traditional fuel car era of the vehicle and parts supporting relations between most of the foreign-funded parts makers to foreign-funded / joint venture brand supporting, most of the domestic parts are mainly to the domestic brand supporting. We believe that with the downstream vehicle industry pattern ushered in the reshaping, domestic parts also ushered in the best era.
Source: Zheshang Securities research report
Comments: short-term parts industry will usher in the downstream recovery and replenishment cycle Davis double hit, in the medium and long term, we are optimistic about the rise of domestic parts under the industry change. Parts and components plate to grasp the three main lines of investment: First, import substitution ushered in the breakthrough parts and components enterprises; second, the logic of customer expansion smoothly, optimistic about the Tesla industrial chain, the head of the independent industry chain of core suppliers; third, electrification, intelligent lead to the new direction.
(Investment Advisor Gu Zhixiong Registered Investment Advisor Certificate No.: S02606611020066)
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