China Securities Journal
Funds staged "high throwing and low sucking" drama institutions are optimistic about the A-share market in 2023.
Last week, A shares ushered in a "good start". A-share ETFs rose across the board, with a total turnover of 177.347 billion yuan. However, with the recovery of the market, many ETFs that had previously "bottomed out" during the market downturn chose to settle down. Based on the average transaction price of the interval, the net outflow of A-share ETF funds last week was about 9.562 billion yuan.
Travel demand blowout, civil aviation industry makes every effort to do a good job in Spring Festival travel rush.
After the opening of Spring Festival travel rush on January 7, queues appeared in many domestic airports, and the demand for domestic air travel surged; On January 8th, with the smooth landing of flight CZ312 in Guangzhou, the popularity of cross-border travel and outbound tourism increased.
Confidence in tourism consumption will accelerate recovery.
From 0: 00 on January 8th, with the policies of China, such as canceling entry nucleic acid testing and centralized isolation, and optimizing personnel exchanges between the Mainland, Hong Kong and Macao, the first overseas flights were ushered in at airports such as Shanghai and Guangzhou after the adjustment of epidemic prevention policies. According to the data of the same journey, the order volume of inbound and outbound air tickets on January 8 increased by 628% year-on-year, setting a peak since March 2020. In addition, China tourists’ enthusiasm for outbound travel is accelerating, and Thailand and Singapore are on the list of popular flight destinations.
According to industry insiders, with the liberalization of the entry-exit policy, China tourists’ travel confidence will be rebuilt and tourism consumption confidence will be restored. At the same time, the return of China tourists will bring new vitality to the global tourism industry.
Guo Shuqing, secretary of the Party Committee of the People’s Bank of China and chairman of the China Banking and Insurance Regulatory Commission, said that monetary policy should be more inclined to private enterprises.
Guo Shuqing, secretary of the Party Committee of the People’s Bank of China and chairman of China Banking and Insurance Regulatory Commission, said in an interview with Xinhua News Agency a few days ago that the key to rapid economic recovery and high-quality development is to convert the total income of the current period into consumption and investment as much as possible. The monetary policy will increase the inclination to private enterprises, maintain the effective growth of total credit, and promote the reduction of comprehensive financing costs.
Shanghai Securities News
Shenzhen Stock Exchange determines three key points of supervision services for listed companies in 2023.
2023 is the first year to implement the spirit of the 20th National Congress of the Communist Party of China. The Shenzhen Stock Exchange has finalized three major points of supervision services for listed companies: enhancing the adaptability of the system and shaping a diversified and inclusive innovation support market mechanism; Enhance the effectiveness of supervision and create an accurate and efficient supervision system for listed companies; Enhance the synergy of services and shape a benign market ecology of joint construction, governance and sharing. Promote the high-quality development of listed companies with high-quality systems, high-quality supervision and high-quality services, and inject new momentum into building a new development pattern for services and achieving high-quality economic development.
The snow and ice movement continues to heat up, and the consumption vitality of cultural tourism is accelerated.
An e-commerce person who runs ski equipment told reporters that with the recent upsurge of skiing, the overall sales of ski equipment have increased significantly compared with a month ago, and snow clothes and skis are the best sellers. He said that the relevant demand is still heating up.
Many places have introduced the "stable post and stay at work" initiative. Red envelopes warm people’s hearts, stabilize posts, grab the start, expand production and increase confidence.
In response to the call of "No Closing Time during the Spring Festival", Yang Bo, the head of ZTO Express Shanghai Xuhui South Station, decided to stay at the outlet during the Spring Festival holiday this year. "The company pays three times the salary to employees who stick to their posts during the Spring Festival, and encourages everyone to take a break after the Spring Festival; During the Chinese New Year, our outlets will also organize a New Year’s Eve dinner for everyone to get together. "
China’s foreign reserves have risen for three consecutive months.
According to the data released by the State Administration of Foreign Exchange on January 7, by the end of December 2022, the scale of China’s foreign exchange reserves was $3,127.7 billion, up by $10.2 billion or 0.33% from the end of November.
Securities Times
Against the market high! In 2022, 1,541 new funds were issued, raising nearly 1.5 trillion yuan.
In the first week of 2023, the A-share market got off to a good start.
Although only four trading days, the Shanghai Composite Index still rose by 2.21%, Shenzhen Component Index and Growth Enterprise Market Index both rose by more than 3% last week, and the market sentiment rebounded significantly. In four trading days, the cumulative net purchase of northbound funds reached 20 billion yuan. In terms of fund issuance market, only on the first trading day of January 3rd, a total of 20 new funds (consolidated statistics of different shares, the same below) started to issue, sprinting for a "good start", among which there were many products at the helm of star fund managers.
Demand for throat-opening sword spray has increased greatly, and the performance of Guizhou Sanli has increased in advance last year.
Benefiting from the sharp increase in market demand for drugs related to infection treatment in novel coronavirus in December last year, (), whose performance declined year-on-year in the first three quarters, successfully reversed its business decline in the fourth quarter.
Asia-Pacific countries’ stock indexes are relatively strong, and QDII funds are constantly digging for gold.
For investors, A-shares and developed markets such as Europe and America are certainly eye-catching, but the performance of some emerging countries or niche markets is also worthy of attention, and there are many possibilities for high returns. For example, the Indian stock index led the world in 2022, continuing the trend of long cattle for 14 years.
Some insiders said that from the perspective of asset allocation, the profits of listed companies in Asia are expected to lead mature markets driven by China and India, and the valuation is attractive. If the momentum of the US dollar turns in the future, funds will flow in again, which may lead to relatively good investment opportunities.
After the adjustment, the civil aviation industry accelerated its recovery on the first international flight.
On January 8, China Southern Airlines flight CZ312 (Toronto-Guangzhou) successfully landed at Guangzhou Baiyun Airport at 0: 16 on the same day. Flight CZ312 is the first international flight to land in China after the implementation of the entry policy adjustment, and its passengers have become the first batch of people who have been exempted from entry nucleic acid testing and entry quarantine measures in the three years since the outbreak of COVID-19.
On January 7, 2023, the 40-day Spring Festival travel rush officially kicked off, and the demand for returning home for the New Year was also released. On the first day of Spring Festival travel rush, the passenger flow of civil aviation recovered obviously, and the domestic flight volume has recovered to more than 80% of the epidemic.
Securities daily
The concentration of steel industry is expected to further increase the demand for steel in new energy and other fields to drive high-quality development.
On January 8th, Qu Xiuli, Vice President and Secretary General of China Iron and Steel Industry Association, said at the 18th China Iron and Steel Industry Chain Market Summit and the 2022 annual meeting of Lange Steel Network that the pace of merger and reorganization of the iron and steel industry will be accelerated, and the industry concentration is expected to be further improved.
A number of interviewed experts told the reporter that in 2023, the steel industry will accelerate the reshuffle, and mergers and acquisitions will continue to advance.
In many places, the GDP growth target in 2023 will exceed 5.5%, and economic recovery is full of confidence.
Recently, two local conferences have been held one after another. The 2022 transcripts were published in many places, and the economic development goals for 2023 were determined. Among them, Jinan, Hefei and many other cities have set the GDP growth target in 2023 at more than 5.5%.
Photovoltaic cell technology accelerates to N-type development. Old players favor TOPCon newcomers to bet on HJT.
In the four trading days at the beginning of the new year (as of January 6, 2023), () the photovoltaic concept index rose by 5.91%, which was eye-catching.
In the industry’s view, the concept of photovoltaic is hot, not only because China’s photovoltaic industry occupies more than 70% of the global market share; It also benefits from the accelerated innovation of photovoltaic industry technology, which is very attractive to capital and makes the industrial prospects brighter.
The combination of tax reduction and fee reduction helps the R&D investment of listed companies increase year by year.
Liu Kun, Minister of Finance, said in an interview recently that we have implemented a series of tax reduction and fee reduction policies, and the government revenue has been reduced, which has enabled enterprises to travel lightly and enhance their vitality, effectively improving the expectations of market participants. In particular, in 2022, a large-scale value-added tax will be implemented to offset the tax refund, and the annual tax reduction and fee reduction and tax refund deferral will exceed 4 trillion yuan to help enterprises tide over the difficulties.
