Document No. 1 in 2024, released!
On February 3, the first document of 2024 was released, proposing a "roadmap" for effectively promoting the comprehensive revitalization of the countryside. The document is entitled "Opinions of the Communist Party of China on Learning and Using the Experience of the "Demonstration of Thousand Villages and Renovation of Ten Thousand Villages" Project to Effectively and Effectively Promote the Comprehensive Revitalization of Villages. The document pointed out that to promote Chinese-style modernization, we must unremittingly consolidate the foundation of agriculture and promote the comprehensive revitalization of rural areas. It is necessary to learn and use the development concept, working methods and promotion mechanism contained in the "Ten Million Project", take the promotion of comprehensive rural revitalization as the general starting point of the "three rural" work in the new era and new journey, adhere to the people-centered development idea, completely, accurately and comprehensively implement the new development concept, adapt measures to local conditions, implement policies by classification, step by step, and work for a long time, concentrate on doing a good job of doing a number of practical things that the masses can feel, and continue to make substantial progress and phased results. (Xinhua News Agency).
The State Administration of Financial Supervision revised the credit management system
On February 2, the State Administration of Financial Supervision officially promulgated the Measures for the Administration of Fixed Asset Loans, the Measures for the Administration of Working Capital Loans and the Measures for the Administration of Personal Loans, which came into force on July 1.
Regarding the main content of this revision, the person in charge of the relevant department of the State Administration of Financial Supervision said: First, reasonably broaden the purpose and scope of loan objects of fixed asset loans and working capital loans, optimize the calculation requirements of working capital loans, and meet the actual needs of the credit market. The second is to adjust and optimize the standard of entrusted payment amount, appropriately extend the time limit requirements for entrusted payment, and improve the flexibility of entrusted payment. The third is to combine the online needs of information and science, clarify the handling forms such as face-to-face interviews and off-site investigations, and adapt to new financing scenarios. Fourth, it is necessary to clarify the requirements for loan tenure, guide commercial banks to effectively prevent the risk of loan term mismatch, and further optimize the loan structure. Fifth, we will further strengthen credit risk management and control, and promote commercial banks to improve the standardization of credit management. Sixth, the "Provisions on the Administration of Project Financing Business" will be included in the "Solid Law" as a special chapter. (China ** Daily).
Steady investment! State-owned Assets Supervision and Administration Commission (SASAC) has made heavy deployments
Recently, the State-owned Assets Supervision and Administration Commission (SASAC) deployed investment work in 2024. **State-owned Assets Supervision and Administration Commission said that in the next step, it will organize enterprises to scientifically prepare annual investment plans, determine the scale of investment from house to house, strengthen monthly monitoring and analysis of investment, help enterprises coordinate and solve all aspects of difficult problems faced by key projects, promote the orderly progress of investment progress according to the time node, form more physical workload, drive economic growth with real investment, and promote the first quarter to achieve a "good start". (China ** Daily).
The IMF expects China's economy to grow by 46%
The International Monetary Fund (IMF) released a report saying that China's economy is expected to grow by 46%, an increase of 04 percentage points. China's economy has seen a strong recovery in 2023 due to its post-pandemic reopening, which has been largely driven by domestic demand, especially private consumption, and also benefited from supportive macroeconomic policies. (Wind Information).
Next week's capital market outlook
Important news that could affect the market next week are:
On the macro side,In China, on February 8, China's National Bureau of Statistics will release the monthly report on the Consumer Consumption Index (CPI) for January and the Industrial Producer Index (PPI) for January. Internationally, on February 5, Japan, Germany, the European Union, and the United Kingdom will release the PMI of the services industry for January, the European Union will release the PPI data of the euro area for December 2023, and the United States will release the Markit services PMI for January and the non-manufacturing PMI for January; On February 7, the United States will release a number of data such as ** inventory; On February 8, the United States released the number of initial jobless claims for the week of February 3; On February 9, Germany released its January CPI data.
In terms of industry,According to the previous data of the Civil Aviation Administration of China, the civil aviation passenger traffic during the Spring Festival will reach 80 million, with an average of 2 million passengers per day, and the peak passenger volume is expected to occur on February 8 (the 29th day of the first month of the 16th month of the first month of July 20 (the 11th day of the first month) and February 25 (the 16th day of the first month). China Railway Group previously predicted that the national railway is expected to send passengers 4800 million people. Specifically, the Beijing Bureau of China Railway is expected to send 39.13 million passengers, and the peak day before the holiday is expected to appear on February 7 (the twenty-eighth day of the lunar month).
According to the Spring Festival market closure arrangement released by the Shanghai and Shenzhen Stock Exchanges, the market will be closed from February 9 (Friday) to February 17 (Saturday), and the market will be open as usual from February 19 (Monday); Closed on February 4 (Sunday, 18th of February); From February 9 (Friday) to February 17 (Saturday), the Hong Kong Stock Connect service will not be available, and the Hong Kong Stock Connect service will be launched as usual from February 19 (Monday).
In terms of the market,Next week, the People's Bank of China will have 1,733 billion yuan of reverse repurchase due in the open market, of which 500 billion yuan, 563 billion yuan, 544 billion yuan, 43 billion yuan and 83 billion yuan will mature from Monday to Friday. A total of 52 companies' restricted shares will be lifted next week, with a total of 376.3 billion shares, calculated at the ** price on February 2, the total market value of the lifting of the ban is 4803.7 billion yuan. (China News Service, Wind Information).
Index performance
Industry performance
Net inflow of main forces
Data**: Wind, as of 20242.2. The industry is classified according to the first-level industry of CITIC. The market is risky and investors should be cautious.
Disclaimer: The information contained in this communication** is based on sources and researchers' personal judgment that the Company believes to be reliable, but the Company makes no representations or warranties, direct or implied, as to its accuracy or completeness. This communication is not intended to be a complete representation or summary of the relevant** or market and any opinions expressed are subject to change without notice. This communication should not be relied upon by the recipient as a substitute for its independent judgment or as a basis for investment decisions. The Company or its related agencies, employees or persons shall not be liable for any person's use of all or part of the content or any loss arising therefrom. Without the prior written permission of Great Wall Management***, no one may distribute, reproduce, ** or publish this report or any part thereof in any form, and no one shall make any abridgement or modification of this communication contrary to the original intention. The administrator reminds that every citizen has the obligation and right to report money laundering crimes. Every citizen should strictly abide by the relevant laws and regulations on anti-money laundering. Invest with caution.