1. Selected Financial News
Delegates to the Two Sessions proposed legislation to protect the status of the digital renminbi and make it clear that it is a form of RMB
During the National Two Sessions in 2022, Many representatives and members of the Two Sessions discussed the legal protection, operating mechanism, pilot scenarios and other aspects of the digital renminbi. Wang Jingwu, deputy to the National People's Congress and vice president and chief risk officer of the Industrial and Commercial Bank of China, said that currently, digital renminbi is not regulated at the legal and regulatory level, and there is a lack of legal protection in terms of the acquisition, use, and risk prevention and control of digital renminbi. As the scope of digital RMB circulation expands, legislation is urgently needed to provide solid protection. In addition, Guo Xinming, deputy to the National People's Congress and president of the Nanjing Branch of the People's Bank of China, also said that the legal basis should be improved for digital renminbi. Shao Zhiqing, deputy to the National People's Congress and full-time deputy chairman of the Zhi Gong Party Shanghai Municipal Committee, suggested that my country's "Data Asset Registration Law" should be formulated as soon as possible to lead the development of the global digital economy and promote the application of digital renminbi in more domestic cities. Gong Fuwen, a member of the National Committee of the Chinese People's Political Consultative Conference, vice president of the Shaanxi Higher People's Court and a doctor of law, suggested in the proposal that in the next step of digital renminbi pilot work, "scenario-oriented", "innovation-oriented" and "effectiveness-oriented" should be adhered to.
The National Development and Reform Commission, China Development Bank and the United Nations Development Program signed a letter of intent to cooperate on an innovative development platform
According to news from the National Development and Reform Commission on March 10, the National Development and Reform Commission, the National Development and Reform Commission and the United Nations Development Program signed a letter of intent to cooperate on an innovative development platform. The bank and the United Nations Development Program (UNDP) recently signed a letter of intent to cooperate on an innovative development platform. Based on the previous cooperation, the three parties will further leverage the policy coordination and overall planning advantages of the National Development and Reform Commission, the "financing and intelligence" advantages of the China Development Bank in China's domestic and international development fields, and the United Nations Development Program's role in promoting sustainable development. With advanced experience and international resource advantages in the field, in the fields of sustainable development, investment and financing, green and low carbon, digital finance, etc., we carry out more innovative research and analysis, full-process project consulting support, partnership platform construction, training and capacity building, etc. Deep collaboration.
CCTV: Infrastructure construction is "moderately advanced"! "Ten billion-level" large-scale projects have started intensively
This year's two sessions, "infrastructure" is also a word hotly discussed by the representatives. The government work report proposed that it should focus on the country's major strategic deployment and the "14th Five-Year Plan" "Plan and carry out infrastructure investment appropriately in advance. At present, many places across the country have successively announced lists of major projects for this year. Among them, advanced manufacturing, high-end equipment, urban rail transit, etc. have become key investment areas. At the beginning of this year, major engineering projects were launched in many places. The CRRC Songyuan New Energy Equipment Industrial Base project with a total investment of 45 billion yuan started construction at the end of February in Songyuan, Jilin. The Guanyinsi Yangtze River Bridge in Jingzhou, Hubei has also recently started construction. The total length of the bridge's main bridge is 1,860 meters. When completed, it will become the longest highway cable-stayed bridge in the world with the longest main bridge length. It is also the world's first hybrid composite girder cable-stayed bridge with a length of more than 1,000 meters. Pull the bridge. More than ten provinces and cities, including Guangdong, Jiangsu, and Shandong, have also released a list of investment plans for key projects in 2022. Liu Feixiang, a representative of the National People's Congress, said that during the "14th Five-Year Plan" period, the operating mileage of urban rail transit is expected to increase by 3,000 kilometers. The total investment in urban rail projects is expected to reach 3.5 trillion yuan, with an average annual market size of 700 billion yuan. The scale of national water conservancy investment will reach 5.1 trillion yuan, and the annual market size is about 1 trillion yuan.
my country’s first independently developed commercial maglev 3.0 train has completed relevant tests
The reporter learned from CRRC Zhuzhou Electric Locomotive Co., Ltd. on the 10th that my country has completely independent intellectual property rights on the train developed by the company. The first commercial maglev 3.0 train has completed relevant dynamic tests and system joint debugging and testing on the high-speed maglev test line of Tongji University. This commercial maglev train has a design speed of 200 kilometers per hour. It is a new commercial maglev product independently created by Chinese scientific researchers. It fills the gap in the global maglev transportation system at this speed and marks that my country has mastered the key core technology of medium-speed maglev. Maglev technology innovation and Industrial development continues to remain at the forefront of the world.
Gasoline is approaching the "9th era"! Can driving an electric car save money on Hermès?
The price of new energy vehicles has increased, but the price of fuel vehicles has not. Does this mean that the "spring" of fuel vehicles has arrived? The answer is no, because oil prices have also increased. On March 3, domestic refined oil products ushered in a new round of price adjustment window. Yesterday, "95-gasoline running enters the 9-yuan era" became a hot search topic. Netizens joked: "Advancing with the times, I have entered the era of running to work." "I originally said to fill up, but now I just add 200." "Anyone who can drive out to pick you up at this time is a close friend of life and death." Then "With the increase in oil prices, are fuel vehicles still good?" It once became a hot topic, and many owners of fuel vehicles expressed their "envy" of new energy vehicle owners. Shen Hui, the founder of WM Motor, took the opportunity to launch a wave of advertising. He made a calculation for car owners and said bluntly, "Driving an electric car for 100,000 kilometers can save four LV or Hermès bags."
(Investment consultant: Lin Xurui, practicing certificate number S0260615100004)
2. Market hot spots
Market comments: Short-term panic gradually subsided, and the market fluctuated strongly
This week The four markets opened higher and consolidated with strong fluctuations. The gains narrowed slightly in the afternoon. The Shanghai Composite Index rose 1.22 points throughout the day and closed at 3296.09 points. The Shenzhen Stock Exchange Component Index rose 2.18 points and closed at 12370.95 points. The ChiNext Index rose 2.67 points and closed at 2635.19 points. Points, the transaction volume of the two cities throughout the day was 1,078.7 billion yuan, slightly smaller than the previous trading day. In terms of sectors, chemical fiber, daily chemicals, and pharmaceuticals were the top gainers, while petroleum, hotels, catering, and ships had a slight correction. After the previous few transactions The sharp decline on the day clearly vented the market panic. The external market rebounded sharply overnight, and the positions of Russia and Ukraine gradually eased. Market worries eased, and short-term funds quickly returned. Some high-quality companies released operating data for January and February. Basically, The continued improvement in the market has enhanced the confidence of long-term funds. At this stage, investors should try not to frequently judge the short-term market direction and participate in blind operations. It is better to select listed companies with high-quality fundamentals from the bottom up and make long-term allocations. There are risks in the stock market, so investment needs to be cautious.
(Investment Consultant Wang Huaibei’s registered investment consultant certificate number: S0260615030009)
Macroscopic perspective: CPI was generally stable in February, and PPI’s year-on-year increase fell
Events: In February 2022, the national consumer price increased by 0.9 year-on-year. Among them, urban prices increased by 1.0 and rural areas increased by 0.5; food prices decreased by 3.9 and non-food prices increased by 2.1; consumer goods prices increased by 0.7 and service prices increased by 1.2. On average from January to February, national consumer prices increased by 0.9 compared with the same period last year. In February The national industrial producer price rose 8.8% year-on-year and 0.5% month-on-month; the industrial producer purchasing price increased 11.2% year-on-year and 0.4% month-on-month. On average from January to February, the industrial producer price rose 8.9% year-on-year, and the industrial producer purchasing price increased by 8.9% year-on-year. The price increased by 11.6.
Source: National Bureau of Statistics official website
Comment: We see that in February, due to the simultaneous impact of the Spring Festival factors and international energy price fluctuations, the month-on-month increase in CPI slightly expanded. , the year-on-year increase was generally stable. In addition, due to factors such as rising prices of international commodities such as crude oil and non-ferrous metals, PPI turned from falling to rising month-on-month, and the year-on-year increase fell back. The overall data is in line with market expectations, but we also need to remind everyone that under the influence of imported inflation, investors at this stage need to moderately increase their expectations for the domestic inflation center during the process of allocating large categories of assets, and do a good job in various categories. Arrangement and adjustment of asset allocation ratios.
(Investment consultant Wang Huaibei registered investment consultant certificate number: S0260615030009)
Automobile industry: look at the new trend of the automobile industry from the National Two Sessions
Event: this year’s The National Two Sessions were attended by many representatives and members of the automobile industry. Representatives of the Two Sessions actively provided suggestions and suggestions on various aspects of the development of the automobile industry in response to the "Government Work Report", including intelligent connected cars and autonomous and controllable automobile supply chains represented by automobile chips. It is still a hot topic: it is recommended to accelerate the implementation of commercial intelligent driving standards and improve relevant policies and regulatory support; the issue of rising prices of new energy vehicle battery raw materials has attracted much attention, and efforts should be made to ensure and stabilize the supply of battery raw materials: Since this year, due to the downstream boom, supply has exceeded demand. The prices of various materials for lithium batteries have generally increased. Faced with the challenge of rising automotive battery raw materials, representatives of the automotive industry put forward suggestions related to automotive raw materials; in addition, there are also issues such as the localization of automotive industry software and the overall construction of a smart car operating system ecosystem.
Source: GF Securities Research Report
Comment: As one of the important components of our country’s economy, the automobile industry has been a hot topic of discussion among representatives of the “Two Sessions” over the years. This year We can see that connected cars, smart driving, new energy batteries and other automotive industry innovation directions are the main topics that representatives focused on studying and discussing at the meeting. With the continuous advancement of my country's economic transformation and upgrading, the subsequent automotive industry chain will play a more important role in the national economy. The proportion and status of the company will continue to increase. There are a large number of high-quality listed companies in the fields of passenger cars, commercial vehicles, parts and components that are worthy of investors' follow-up attention.
(Investment consultant Wang Huaibei registered investment consultant certificate number: S0260615030009)
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