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On Tuesday, April 2, the highlights of today's headlines are as follows:
China Securities Journal
Make efforts to stabilize investment Local bond issuance is expected to speed up in the second quarter
The data shows that in the first quarter, local bonds issued by all regions reached 1.58 trillion yuan, including 634.124 billion yuan of newly added special bonds, which effectively guaranteed the demand for funds in key areas; In the second quarter, local governments have disclosed plans to issue more than 1.81 trillion yuan of local bonds. Experts believe that the new special bonds, the additional issuance of treasury bonds in 2023, and the upcoming issuance of ultra long term special treasury bonds provide financial support for infrastructure investment, which will strongly drive the steady growth of investment.
The pace of IPO slowed down in the first quarter, and 80 companies "cancelled orders"
Since this year, the pace of IPO issuance has slowed down. Data shows that in the first quarter, 31 companies went public for the first time, lower than the level of 86 companies in the same period last year; IPO raised 22.368 billion yuan in total, lower than 96.137 billion yuan in the same period last year; The IPO of 80 companies was terminated (withdrawn), more than 47 in the same period last year.
More than 4600 stocks rose A share "made a good start" in the second quarter
On April 1, the first trading day of A-share in the second quarter ushered in a "good start". The Shanghai Stock Exchange Index rose more than 1%, the GEM Index rose nearly 3%, and more than 4600 stocks rose. The trading volume rose significantly, and the turnover on that day exceeded 1 trillion yuan. Analysts believe that the marginal improvement of recent macroeconomic data such as PMI and exports is expected to continue the repair of A-share market under the expectation of overall stability of liquidity.
Intelligent acceleration of new energy vehicles Enterprises in the industrial chain
The market competition of new energy vehicles is rapidly expanding in the field of intelligence, and enterprises related to the industrial chain are rubbing their hands. Horizon and Semen sesami nigrum Two major domestic autopilot chip enterprises recently submitted IPO applications at the Hong Kong Stock Exchange; The Xiaomi SU7 Pilot Max version will open the urban NOA function nationwide in August. Industry insiders believe that 2024 will be the year when L3 and above intelligent driving technologies will break out.
Shanghai Securities News
Great financial support for the real economy in the first quarter, excellent structure
The data of new credit and social finance in the first two months of this year were the second highest in the same period of history. The credit extension recently disclosed by major banks further confirmed the quality of financial data.
Over 330 billion yuan equity ETFs poured into the first quarter, becoming the strongest "outlet"
For public funds, ETF is undoubtedly the most shining star this year. Data shows that in the first quarter of this year, more than 330 billion yuan of funds poured into equity ETFs, making the total scale of equity ETFs exceed 2 trillion yuan. The 100 billion level equity ETFs were born intensively, and the industry development ushered in an explosive period.
Industrial integration, speed up and efficiency increase, A-share M&A and restructuring entered an active period
The reporter found that the A-share industry integration continued to accelerate in the first quarter, and more than 200 listed companies announced mergers and acquisitions. Among them, mergers and acquisitions in technology, hardware and equipment, materials, biomedicine and other industries are most concentrated. From the perspective of transaction dimension, both vertical and horizontal expansion are prominent, with more than 1 billion yuan of mergers and acquisitions frequently occurring, and even more than 10 billion yuan of huge mergers and acquisitions; From the perspective of M&A subjects, the performance of state-owned holding listed companies in the first quarter was very outstanding.
National level docking activities were held continuously to support the central and western regions to undertake industrial transfer
The 2024 government work report proposed that to improve the level of regional coordinated development, we should give full play to the comparative advantages of each region, actively integrate and serve to build a new development pattern according to the main function orientation. Regional coordinated development cannot be separated from orderly industrial transfer. From March 31 to April 1, 2024 China's industrial transfer development series docking activities (Sichuan) were held in Chengdu. From April 20 to April 22, the next docking activity will be held in Guizhou.
Securities Times
29 trillion inclusive credit faces new situation, "two increases and two controls" ushers in adjustment
After five years of rapid growth at an average annual growth rate of 25%, the balance of inclusive small and micro loans in China will reach 29 trillion yuan by the end of 2023, the interest rate will decline year by year, and the coverage, availability and satisfaction of inclusive financial services will be significantly improved. Today, this business, which combines policy and commercial business, is facing new situations and new realities with the shift of economic growth.
The net income of asset management has generally shrunk, and two securities firms show their true colors
With the disclosure of 2023 annual reports in succession, the development outline of asset management business of securities firms is gradually clear. Overall, the scale of asset management of securities firms declined last year. According to the disclosed annual report, the net income of asset management business of securities companies also declined to a certain extent. Specifically, citic securities The net income of asset management business is close to 5 billion yuan, which still leads the industry by a large margin, Zhongtai Securities 、 Cinda Securities And achieved counter trend growth.
The economy is frequently favorable, and institutions see the economic growth in the first quarter is higher
The recently released economic data were frequently better than the market expectation, which greatly boosted the market confidence. The institutions saw the growth rate of China's economy in the first quarter higher. The agency also predicted that the economy would continue to pick up in the second quarter, driven by factors such as the continuous repair of demand.
"Gold Rush" Sweeps the Market Gold Price Reaches a Record High
Under the support of a series of favorable factors, such as rising risk aversion, the gold price once again hit a record high. On April 1, the main CMX gold contract rose 1.8%, hitting a intraday high of 2286.4 US dollars/ounce, and the main gold futures contract of the last domestic stock exchange also rose 1.69%, both of which reached a record high. At present, there is still a lot of money pouring into the gold market.
Securities Daily
On the first day of April, the net withdrawal of 48 billion yuan from the central bank's open market is unlikely to reduce short-term interest rates and reserve requirements
On April 1, the Central Bank launched a 7-day reverse repurchase operation of 2 billion yuan in the form of interest rate bidding to maintain a reasonable and sufficient liquidity of the banking system, and the operating interest rate remained unchanged at 1.8%. In view of the 50 billion yuan reverse repurchase maturing on that day, the central bank realized a net withdrawal of 48 billion yuan in the open market. Looking back last week (March 25 to March 29, the same below), the central bank carried out a cumulative reverse repurchase of 850 billion yuan, and realized a net investment of 828 billion yuan after the amount of hedging maturity to maintain stable liquidity at the end of the quarter.
Respond to the new forces of Xiaomi SU7 shock wave car building and launch the "defense war" of the market
After it was scheduled to reach 88898 vehicles within 24 hours after the launch, on April 1, Lei Jun, Chairman of Xiaomi Group, said on his social platform that "the founding version of Xiaomi SU7 started the second round of surprise and additional sales". The additional sales started at 12:00 on the same day.
In March, Caixin China's manufacturing PMI was 51.1, which was in the expansion range for five consecutive months
The Caixin purchasing managers' index (PMI) of China's manufacturing industry in March released on April 1 was 51.1, slightly higher than that in February by 0.2 percentage points. It has been in the expansion range for five consecutive months, hitting a new high since March 2023, indicating that manufacturing production and operation activities are accelerating.
Huawei folding screen mobile phones are evolving into a "three fold" industry chain to meet the development opportunities again
The State Intellectual Property Office recently announced a patent of Huawei called "folding screen equipment". According to the latest public information, Huawei is indeed accelerating the development of a new "three fold screen mobile phone", and has begun to stock up on a large scale, which is expected to be launched as soon as the second quarter of this year.
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