Market shrinks and closes higher, infrastructure stocks lead the way

A selection of financial news

The State Council issued a notice on the third national soil census

Recently, the State Council issued a notice on the third national soil census, deciding to carry out the third from 2022 onwards. National soil census, the use of four years to comprehensively check the soil quality of agricultural land bottom. The Circular specifies that the census will target soils on agricultural land such as cropland, garden land, forest land and grassland, as well as some unutilized land nationwide.

Source: Xinhua News Agency

Ministry of Agriculture and Rural Affairs on the reduction of soybean meal feed substitution: to reduce dependence on imported soybeans, ramping up the foundation of the development of the farming industry

Ministry of Agriculture and Rural Affairs of the relevant departments and bureaus responsible for the reduction of soybean meal for feed substitution: experts estimate that, if the policy is effective, the measures are in place, the aquaculture industry can also be achieved to reduce the amount of 23 million tons or more, equivalent to reduce the amount of soybeans, and the reduction in the amount of soybeans. More than 10 million tons, equivalent to a reduction of nearly 30 million tons of soybean demand, equivalent to 230 million acres of arable land of soybean output. First, the promotion of low-protein diet technology, there are 15 million tons of reduction space. The second is to tap the use of existing resources, there are 7 million tons of substitution potential. Third, increase the supply of high-quality forage, can also reduce the demand for 1 million tons of soybean meal.

Source: Xinhua News Agency

Good start to absorb foreign investment policy is expected to increase

Absorption of foreign investment to realize the "open door". The Ministry of Commerce released data on January 15, China's actual use of foreign capital 102.28 billion yuan in January, an increase of 11.6 percent year-on-year.

Experts believe that the current global epidemic of new crown pneumonia is still recurring, the international industrial chain supply chain in-depth reconstruction, cross-border investment situation is still grim, the absorption of foreign investment in a smooth start at the same time also face greater challenges. Stabilization of foreign investment policy is expected to increase, some new initiatives will be launched, the first quarter of foreign investment absorption is expected to maintain a good trend.

Source: China Securities Journal

January car market happy to mention the "open door red": 8 car enterprises new energy sales doubled growth part of the joint venture brand signs of warming up

In the first month of 2021, a number of mainstream listed companies ushered in the sales of The first month of 2021, a number of mainstream listed automobile enterprises ushered in the sales of the "open door". In the reporter's statistics of 15 car enterprises, there are 10 car enterprises in January sales to achieve year-on-year growth, accounting for two-thirds. At the same time, the new energy vehicle market remains hot, Geely Automobile, Xiaopeng Automobile, Ideal Automobile and other eight car enterprises have achieved triple-digit year-on-year growth.

Source: Caixun News Agency

2.1 billion yuan of investment in the central budget for the national fitness facilities to make up for the short board project

Reporters learned from the National Development and Reform Commission on February 16 that this year, China's arrangements for investment of 2.1 billion yuan of the central budget, to support the construction of sports parks, national fitness centers, social soccer venues and other national fitness facilities to make up for the short board project of 188 million yuan of investment. Fitness facilities to make up for the shortcomings of 185 projects to build a higher level of national fitness public **** service system.

Source: CCTV (News)

(Investment adviser? Cai Jin? Registered investment adviser certificate number: S0260611090020)

Two, the market hot spot focus

Market review: the market contraction closed up, infrastructure stocks led the way

Wednesday, the two markets broader market indexes oscillated and rebounded, the market's total trading volume decreased compared to the previous trading day. Specifically, the Shanghai index closed the SSE index rose 0.57%, closing at 3465.83 points; SZCI rose 0.23%, closing at 13376.36 points; GEM rose 0.07%, closing at 2818.40 points.

On the disk, infrastructure concept stocks, industrial mother concept stocks and Hangzhou local stocks were active and rose, while military stocks were weaker. From the trend, the SSE index continued to rebound, but the volume did not effectively amplify before, is expected to short-term is still shock bottoming mainly.

Operationally, the current market in the lack of volume, theme stocks and track stocks in the funds for each other see-saw, track direction stocks gradually stabilized rebound, but the probability of the first half of the year is the small-cap theme style is stronger, track direction stocks to pay attention to grasp the rhythm of the wave. Short-term still around infrastructure, digital economy, three tires and other hotspots repeatedly active. Medium-term recommendations focus on military, chips, new energy upstream, infrastructure and banks and other high-quality leading enterprises as well as the midterm report to good stocks.

(Investment adviser? Yu Dechao? Registered Investment Adviser Certificate No.: S0260613080021)

Macro Viewpoint: January consumer and industrial prices fell year-on-year rate of increase

The National Bureau of Statistics released data on February 16th, showing that in January, consumer prices were generally stable, and the consumer price index CPI rose 0.9%, or 0.9%. rose 0.9%, or 0.6 percentage points lower than last month. From the ring, affected by holiday factors, fresh fruit, aquatic products and fresh vegetables prices rose more significantly; non-food, affected by rising international energy prices, gasoline, diesel and liquefied petroleum gas prices rose.

Industrial commodity prices, in response to increased pressure on commodity prices, the relevant state departments to take a series of measures such as two-way adjustment of supply and demand, strengthen market supervision, and do a good job of expectation management. At present, the 2022 power generation and heating coal medium and long-term contract signing rate has reached 100%, coal, steel and other industry prices are low, but also led to the overall decline in industrial commodity prices. in January, the industrial producer price index PPI rose 9.1% year-on-year, or 1.2 percentage points lower than the previous month.

Source: CCTV (News Feed)

Comment: The fall in CPI rose mainly due to the continued weakness of pork prices. Taking into account the cost of breeding and domestic pig storage factors, such as the successive start of pork prices, further decline in space is very limited, pork prices on price inflation drag will weaken significantly. This will be conducive to the launch of the late easing policy.

(Investment adviser? Cai Jin? Registered investment adviser certificate number: S0260611090020)

Construction machinery industry: infrastructure as an important hand to stabilize growth, boosting demand for construction machinery

February 10, the central bank announced January financial data greatly exceeded expectations, January new yuan loans 3.98 trillion yuan, January new social financing The scale of new social financing in January 6.17 trillion yuan, both at the same time hit a record high, reflecting the monetary policy and fiscal policy leaning forward to support stable growth. Infrastructure is an important hand of the current stable growth, from the published data, including the enterprise sector new credit 336 million yuan, an increase of 810 billion yuan, and the net financing of government bonds 602.6 billion yuan, an increase of 358.9 billion yuan, indicating that the demand for infrastructure is very strong. From the January excavator sales data can also be seen, in January in the case of the Spring Festival disturbance, the total sales achieved 15,600 units, year-on-year situation than last December continued to improve.

Source: Pacific Securities Research Report

Comment: From the current situation, the policy continues to increase, infrastructure boom continues to improve, is expected to form more physical workload in the first quarter, optimistic about the March-April peak season of infrastructure construction and construction machinery sales exceeded expectations.

(Investment Advisor Yu Dechao Registered Investment Advisor Certificate No.: S0260613080021)

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