On Wednesday (December 20), A-shares fell all day, and the three major indexes all fell by more than 1% to hit a new low this year. As of **, the Shanghai Composite Index fell 103%, the Shenzhen Component Index fell 141%, the GEM index fell 136%。Overall, nearly 4,000 stocks in the whole market have a turnover of 663.6 billion in Shanghai and Shenzhen, an increase of 20.9 billion from the previous trading day. In terms of sectors, PEEK materials, agricultural machinery, MR, pharmaceutical business and other sectors were among the top gainers, while education, media, multimodal AI, ** and other sectors were among the top decliners. Northbound funds were net sellers of 15400 million. U.S. stocks appeared overnight**, and European stocks were mixed.
In December, LPR** was released, and it was "not moving" for four consecutive months. Hong Kong's Wind News Agency reported that the loan market** interest rate (LPR) on December 20 was: 1-year LPR was 345%, and LPR for more than 5 years is 42%, four months in a row, "standing still". As MLF remains stable, "standing still" is in line with market expectations. The interest rate cut is subject to the pressure on banks' net interest margins, and the follow-up will pay attention to the possibility of replacing part of the mature MLF in the first quarter.
*The Rural Work Conference was held in Beijing from the 19th to the 20th. ** Attaches great importance to this meeting. Before the meeting, the meeting of the Standing Committee of the Political Bureau of the People's Republic of China put forward clear requirements for the meeting and the work of "three rural". Takeaway: Ensure that food production remains at 1 in 2024More than 3 trillion catties;Stabilize the sown area of grain and promote a large-scale increase in grain yield. However, the recent stock price performance of the seed industry is average, and the boost may be limited.
Red Sea Event Tracking: Multinational Escort Operation Strategy**, a large number of ships are flocking to the Cape of Good Hope. Finance Associated Press, December 21, local time on Wednesday, US Secretary of Defense Lloyd Austin visited the USS Ford aircraft carrier without public announcement. Details of the specific plans were also circulated for the Red Sea escort operation he had previously announced. With the migration of container cargo**, the market has also begun to pay attention to whether the ships transporting oil and gas will follow to South Africa. It may constitute a short-term stimulus to oil prices.
The current point does not need to be too pessimistic, pay attention to the tail risk, and medium and long-term funds can be arranged in batches for optimistic varieties. Be more patient with bottoming, base on low-volatility assets with dividends, and gradually increase aggressiveness as the domestic economic recovery strengthens and the Fed approaches the time point of interest rate cuts. The Federal Reserve's December interest rate meeting sent a signal of easing, the 10-year Treasury bond interest rate continued to fall, and the external environment improved. However, at present, A-share investors are more concerned about the policy strength under the weak economic recovery, and from the 10-year treasury bond yield to decline again, the market believes that the policy tone of the ** economic work conference is stable, and the short-term stimulus for A-shares is limited, and investors need to be more patient. However, the market tends to be exhausted, and there is no need to be too pessimistic about the market outlook. Since December, as of December 19, the net subscription amount of equity ETFs has exceeded 50 billion yuan, and with the further improvement of the cost performance of equity assets, low-level layout funds are expected to further increase. It is recommended to grasp both dividend low-volatility assets and TMT, and wait patiently for the new round ** "Before the pessimism is repaired, the dividend ground wave assets are relatively resistant, which is good for power, coal, banks and other sectors.
Risk factors: economic recovery and policies are less than expected, the Fed's tightening policy is more than expected, geopolitical black swan events, etc.
1.The short-term rapid increase in overseas new crown retail pharmacies has attracted attention again.
GENEVA, Dec. 19 (Xinhua) -- Due to the coronavirus coronavirusThe 1 variant is spreading at an accelerated rate, and the World Health Organization singled out it as a "variant of concern" on December 19. Previously, it was classified as Omicron BA., which is also "something to watch".2.Subclade of the 86 variant.
Comments: Based on the available evidence, the current jn1 variants pose a low additional risk to global public health. Still, with the onset of winter in the Northern Hemisphere, jn1 variants are likely to increase the burden on public health systems in many countries to respond to respiratory infections. Referring to past experience, the traditional Chinese medicine sector and pharmacy retail may be boosted.
1.**The Rural Work Conference was held in Beijing.
2.The Ministry of Commerce and 12 other departments jointly issued the "Guiding Opinions on Accelerating the Digital Empowerment of Life Services".
3.The Ministry of Industry and Information Technology, the National Development and Reform Commission, and the State Administration of Financial Supervision recently jointly issued the "Implementation Opinions on Manufacturing Excellent Quality Engineering".
1.The Ministry of Commerce and 12 other departments jointly issued the "Guiding Opinions on Accelerating the Digital Empowerment of Life Services" to support the laying and layout of intelligent logistics facilities such as three-dimensional warehouses, sorting robots, unmanned vehicles, drones, and cargo delivery containers.
2.At the 2023 China Automobile Charging and Swapping Ecological Conference, the China Charging Alliance Flash Charging Committee, China's first charging service platform organization for luxury car brands, was officially established.
3.2024 National Transportation Work Conference: Strive to expand effective investment and accelerate the construction of a modern transportation infrastructure system.
4.The 2023 Digital Economy Unicorn Conference was held in Beijing.
5.The first rare disease** drug produced by transgenic animals in China has been approved for clinical trials.
6.Passenger Car Association: December 1-17 passenger car market retail 9420,000 units, up 11% m/m.
7.The China Audio-Video and Digital Publishing Association has released a group standard, "Guidelines for the Application of Generative AI Technology in the Publishing Industry".
Han Jianheshan (SH603616) won the bid 5The 1.7 billion yuan pipeline procurement project of the second phase of the Yangtze River and Huai River diversion project accounted for about 92% of the company's audited operating income in 202279%。
Johnson Co., Ltd. (SH605555) received the project designation notice from Nexteer North America.
Chinese Media (SH600373) intends to acquire the equity of Jiangjiao Media and University Press, ** resumption of trading.
Pulit (SZ002324) signed a cooperation agreement with Lunnai on the procurement of LCP film products.
Zhimingda (SH688636) received a total amount of about 13.3 billion yuan of task demand orders, accounting for 24% of the company's operating income in 202258%。
Baotou Iron and Steel Co., Ltd. (SH600010) Baotou Iron and Steel Group will increase the total amount of rock-mineral rare earth oxide mining in 2023 by 26 compared with 202212%。
Xiamen Tungsten (SH600549), the indirect controlling shareholder of Fujian Metallurgy, plans to increase its holdings by 50 million yuan to 100 million yuan.