NPC Financial and Economic Committee: 202 1, which guides local authorities to investigate special debt projects with possible risks.
On March 10, the China Municipal People's Congress published a report on the review results of the Financial and Economic Committee of the 13th National People's Congress on the implementation of the central and local budgets in 2020 and the draft central and local budgets in 20021(hereinafter referred to as the report).
According to the report, in 20021year, local governments should be instructed to investigate special debt projects that may have risks, study and formulate disposal measures, and actively guard against risks. Give full play to the role of the national unified local government debt information disclosure platform, increase the intensity of debt information disclosure, and urge local governments to disclose bond-related information. Promote the compilation and publication of local government balance sheets. Study and promote the legislative work of government debt and improve the level of legalization of government debt.
Source: Economic Observer Network
Ministry of Science and Technology: Pay close attention to the research and formation of the "Action Plan for Carbon Neutralization and Technological Innovation in Peak Carbon Dioxide Emissions"
On March 4th, 20021year, Minister Wang Zhigang presided over the first meeting of the leading group of the Ministry of Science and Technology on peak carbon dioxide emission and carbon neutrality, and studied the related work of supporting science and technology to achieve the goal of peak carbon dioxide emission and carbon neutrality. Vice Minister Xu Nanping attended the meeting, and more than 40 members of the leading group and the office of the leading group attended the meeting.
Source: Website of Ministry of Science and Technology
Two departments: The Measures for the Administration of Central Reserve Sugar came into effect on April 10.
The National Development and Reform Commission and the Ministry of Finance jointly issued the Measures for the Administration of Central Reserve Sugar, which came into effect in April and June of 2002 10. The method proposes that the central reserve sugar should be balanced in principle. The annual rotation quantity of raw sugar is controlled according to the proportion of 15-20%, which can be appropriately increased or decreased according to the needs of market regulation, and in principle does not exceed 30% of the total inventory; White sugar is rotated once a year in principle. The purchasing, storage, sales and rotation of central reserve sugar are mainly carried out through open bidding on standardized trading platforms.
Source: Securities Times Network
The 24th batch of vehicle and vessel tax reduction catalogue was released, and 78 new energy vehicles were selected.
On March 8th, the Ministry of Industry and Information Technology released the Catalogue of Energy Saving and New Energy Vehicles with Vehicle and Vessel Tax Reduction (24th Batch), and 78 new energy vehicles were selected. Among them, there are 2 plug-in hybrid passenger cars, 69 pure electric commercial vehicles, plug-in hybrid commercial vehicles 1 vehicle and 6 fuel cell commercial vehicles.
Source: Ministry of Industry and Information Technology.
Shenzhen Stock Exchange has solidly implemented the new development concept, landing scientific and technological innovation bonds and carbon-neutral special bonds.
Recently, Shenzhen Stock Exchange has successively launched innovative products such as scientific and technological innovation bonds and carbon-neutral special bonds to support the development of scientific and technological innovation enterprises, strengthen scientific and technological strategic support, and promote the construction of a strong country through science and technology; Serving the low-carbon development of enterprises will help to do a good job of carbon dioxide emission peak and carbon neutrality, and promote the adjustment and optimization of industrial structure and energy structure. This is an important measure for Shenzhen Stock Exchange to unswervingly implement the new development concept, conscientiously implement the national innovation-driven development strategy, accelerate the innovation of bond products in the fields of scientific and technological research and development and green development, and serve the 14 th Five-Year Plan.
Source: Shenzhen Stock Exchange website
(investment consultant? Jin Cai? Certificate number of registered investment consultant: S02606 1 1090020)
Pay attention to market hotspots
Market comment: The transaction volume has been greatly reduced, and the panic is expected to be gradually eliminated.
On Wednesday, the market index of the two cities fluctuated and closed, and the total market turnover decreased significantly compared with the previous trading day. Specifically, the Shanghai Composite Index closed down 0.05% at 3,357.74 points. The Shenzhen Component Index rose 0.65% to close at 13563.3; Growth enterprise market rose 1.64% to close at 2676.70 points.
From the disk, carbon environmental protection concept stocks, brewing stocks and coal stocks were active, with the highest gains, while small-cap stocks with high speculation in the early stage were among the top losers. From the trend point of view, the amplitude of the index gradually narrowed, the volume of transactions decreased significantly, and the market trading sentiment gradually eased. It is expected that the index will fluctuate and consolidate around Tuesday's low in the short term.
In operation, the position is maintained at around 50%, waiting for the market to stabilize before looking for opportunities to add positions; Opportunities, pay attention to banking stocks, brokerage stocks, steel and coal chemical cycle stocks, and stocks with good performance.
(investment consultant? Yu dechao? Certificate number of registered investment consultant: S02606 1308002 1)
Macro view: exceeding expectations! New loans in February were 1.36 trillion M2, an increase of 10. 1% year-on-year.
According to the latest data released by the People's Bank of China on March 10, RMB loans increased by10.36 trillion yuan in February, an increase of 452.9 billion yuan. Although it was significantly lower than the 3.58 trillion yuan in June, it still exceeded the market expectation of about 1 trillion yuan.
Structurally, the medium and long-term loans of enterprises are the main driving force for new RMB loans in February, which indicates that the credit volume of enterprises is still high, while the short-term loans of residents show negative growth again after one year.
Specifically, in February, household loans increased by 142 1 billion yuan, of which short-term loans decreased by 269 1 billion yuan and medium-and long-term loans increased by 410/0.30 billion yuan; Enterprise (institution) loans increased by 1.2 trillion yuan, of which short-term loans increased by 249.7 billion yuan, medium-and long-term loans increased by 1. 1 trillion yuan, and bill financing decreased by1.85 billion yuan; Loans from non-banking financial institutions increased1800 million yuan.
Driven by on-balance-sheet loans, the scale of social financing in February also exceeded expectations.
According to preliminary statistics, in 20021month, the scale of social financing increased by 1.7 1 trillion yuan, 839.2 billion yuan more than the same period last year. In addition to local and foreign currency loans, undiscounted bank acceptance bills also contributed to the growth of social financing in February. However, the net issuance of government bonds and corporate bonds decreased year-on-year.
Specifically, RMB loans in the real economy increased by 1.34 trillion yuan, an increase of 62 1 1 billion yuan year-on-year; Foreign currency loans to the real economy increased by 46.4 billion yuan, an increase of 265.438+0.2 billion yuan year-on-year; Entrusted loans decreased by 6,543.8 billion yuan, a year-on-year decrease of 25.6 billion yuan; Trust loans decreased by 93.6 billion yuan, a year-on-year decrease of 39.6 billion yuan; Undiscounted bank acceptance bills increased by 64 billion yuan, an increase of 460 1 billion yuan year-on-year; The net financing of corporate bonds was 654.38+030.6 billion yuan, a year-on-year decrease of 258.8 billion yuan; The net financing of national debt101700 million yuan, a year-on-year decrease of 80.7 billion yuan; Domestic stock financing of non-financial enterprises was 69.3 billion yuan, 24.4 billion yuan more than the same period of last year.
With the support of new loans, the year-on-year growth rate of M2, which represents broad liquidity, rebounded sharply.
The data shows that at the end of February, the balance of broad money (M2) was 223.6 trillion yuan, up by 10. 1% year-on-year, and the growth rate was 0.7 and 1.3 percentage points higher than the end of last month and the same period of last year, respectively. The balance of narrow money (M 1) was 59.35 trillion yuan, up 7.4% year-on-year. The growth rate was 7.3 percentage points lower than the end of last month and 2.6 percentage points higher than the same period last year. The balance of money in circulation (M0) was 91900 million yuan, up 4.2% year-on-year. In the month, the net cash investment was 229.9 billion yuan.
Source: Newspaper.
Comments: the financial data released by the central bank in February was better than market expectations, indicating that credit supply and demand are booming; The increase in medium and long-term loans of enterprises also shows that the credit structure has been optimized. Under the background that monetary policy has not turned sharply and returned to normalization, it is expected that the central bank will flexibly use various tools to fine-tune and smooth, and release the staged liquidity demand pressure. For the A-share market, favorable financial data will also help to alleviate the pessimism of investors and help the market to stop falling and stabilize.
(investment consultant? Jin Cai? Certificate number of registered investment consultant: S02606 1 1090020)
Environmental protection industry: the discovery and transmission of environmental value under the background of "carbon neutrality"
The government work report pointed out that it is necessary to speed up the construction of a national market for energy use rights and carbon emission rights. The prices of energy use rights and carbon emission rights reflect environmental values, and how environmental values are transmitted will have an impact on the profits and losses of various industries.
Source: Capital Securities Research Report
Comments: The carbon-neutral policy continues to increase, helping the environmental protection public sector to welcome investment opportunities. During the "Tenth Five-Year Plan" period, it is expected that there will be substantial growth space in the fields of "new energy sanitation vehicles, carbon emission monitoring and new energy operation".
(investment consultant Yu Dechao registered investment consultant certificate number: S02606 1308002 1)
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