Lianhua's ** industry sector is almost all today**, plastic products, Internet services, instrumentation, software development, semiconductors, motors, special equipment, optics and optoelectronics, communication services, and consumer electronics sectors are among the top gainers, and only the banking sector is against the market**.
Judging from the performance of the index throughout the year, the three major indexes all closed down, but near the end of the year, the major indexes started to be strong after overfalling**. Finally, the Shanghai Composite Index Year of the Rabbit is **1222%, SZSE Component Index**2638%, GEM refers to **3322%。
Today's news. The main leaders of the China Securities Regulatory Commission were adjusted and Wu Qing was appointed secretary of the party committee and chairman.
The CPC decided to appoint Comrade Wu Qing as secretary of the party committee of the China ** Supervision and Management Committee and remove Comrade Yi Huiman from the post of secretary of the party committee of the China ** Supervision and Management Committee. It was decided to appoint Comrade Wu Qing as chairman of the China Supervision and Administration Committee and remove Comrade Yi Huiman from the post of chairman of the China Supervision and Administration Committee.
National Bureau of Statistics: CPI in January was **03% PPI down 2 percent year-on-year5%
In January 2024, affected by the holiday effect, residents' consumption demand continued to increase, and the national residents' consumption was **03%, has been two consecutive months**, the increase is 02 percentage points. Among them, the city **03%, rural **02%；Food***04%, non-food ***02%；Consumer Goods***02%, service ***04%。In January, affected by the high base of the Spring Festival in the same period last year, the national household consumption fell by 08%。Among them, the city fell by 08%, down 08%；Food ** down 59%, non-food ***04%；Consumer goods** decreased by 17%, service ***05%。In January - 0In the 8% year-on-year change in the CPI (Household Consumption ** Index), the carryover effect is about -11 percentage point; The new impact of this year's ** change is about 03 percentage points. In January 2024, affected by the fluctuation of international bulk commodities, the ex-factory sales of industrial producers across the country decreased by 2 year-on-year5%, down 02%, the decline was 02 and 01 percentage point; Industrial producers' purchases** fell by 3 percent year-on-year4%, the decline narrowed by 04 percentage points, down 02%, the same decline as the previous month.
Rumor has it that all securities borrowing and lending will be recalled in advance? The brokerage responded: False did not receive the relevant notice.
On the evening of February 7, in response to the news that "all securities lending will be recalled in advance tomorrow" and "all securities will be repaid" on the Internet, the relevant person in charge of a brokerage branch told Jiemian News: The rumors are untrue, and I have not received a notice of immediate recall. In addition, the manager of the business department of a leading brokerage firm in Shanghai said: "At present, the business department has not received a notice of immediate recall of securities lending. ”
Rare! The central bank made a move to buy 140 billion yuan! 15 consecutive months of overweight**.
On February 7, data released by the State Administration of Foreign Exchange showed that as of the end of January 2024, the size of the People's Bank of China's ** reserves was reported at 72.19 million ounces, an increase of 320,000 ounces from the previous month. It is worth mentioning that this is the fifteenth consecutive month of increase, with a cumulative increase of 9.55 million ounces (about 271 tons). Based on the latest international spot ** (US$2,034 ounces), the cumulative increase in holdings reached US$19.4 billion (about RMB 140 billion).
Heavy! Refinancing transactions have fallen to freezing point!
Trading in refinancing securities has basically been suspended. On February 6, the China Securities Regulatory Commission (CSRC) announced that it would suspend the scale of new refinancing bonds, a policy that is powerful and rapid. According to the data, on February 7, the first day of the new deal, there were only 5 refinancing transactions in the whole market, and there were more than 6,000 refinancing transactions on the same day at the most last week. The number of shares lent out of refinancing securities also dropped sharply, and on February 7, only 21380,000 shares, while last week one day melted 1800,000,000 shares. In addition, due to the tight supply of bonds, the interest rate of refinancing bonds began to rise. "The effect of the policy is too obvious, and we can observe the daily trading data later. Brokerage and financial sources said.
Institutional Strategy. Galaxy**: Continue to be optimistic about the long-term investment value of the power industry.
The research report pointed out that the overall performance of the power industry has high certainty and strong dividend ability, and will continue to benefit from the reform of central state-owned enterprises in the future, and continue to be optimistic about the long-term investment value of the power industry. In the short term, we recommend the thermal power sector with policy catalysis, continuous improvement in performance, and room for valuation improvement; Long-term and low-risk preference funds focus on nuclear power and hydropower; Strategic layout of the new energy sector on dips.
China Securities Construction Investment: It is expected that the capital will continue to be tight and stable in February.
According to the research report of China Securities Construction Investment, looking forward to February, monetary policy still has demands in maintaining reasonable and abundant liquidity and supporting the sustainable and rapid growth of social financing, and there is no basis for tightening. On the other hand, preventing the accumulation of funds and maintaining the smooth operation of the money market are also important concerns of the central bank, and there is no basis for significant easing of liquidity in the short term. The demand for withdrawals during the Spring Festival is the core disturbance factor of the capital side in February, and it is expected that the capital side may continue to be tight and stable in February, and the DR007 pivot may operate in the range of 5-10bp above the policy rate.
CITIC**: The second quarter of 2024 is expected to usher in a plateau period for the fundamentals of the real estate industry to stabilize.
According to the CITIC ** research report, the Ministry of Housing and Urban-Rural Development held an on-site meeting on the construction of affordable housing to promote the construction and supply of affordable housing. Looking ahead, CITIC** believes that the commercial housing market will gradually focus entirely on the demand for improved housing. In the context of the overall increasing supply of housing, there is no possibility of commercial housing as a whole. In the short term, CITIC** believes that the construction of a new model of real estate development will also be established before breaking down, and the demand-side policies for the real estate market, such as the reduction of mortgage loan interest rates and the liberalization of purchase restrictions, are gradually advancing. The second quarter of 2024 is expected to usher in a plateau period when industry fundamentals are stabilizing, and house prices will not continue to last**.
Guotai Junan: The supply of medium and heavy rare earths is more rigid, and there may be a possibility of leading repair.
Guotai Junan Research Report pointed out that the supply of medium and heavy rare earths is more rigid, and there may be a leading repair. The integration of domestic rare earth resources has achieved remarkable results, the quota of medium and heavy rare earths has remained stable, and the supply rigidity has been strengthened. On the demand side, new energy vehicles and wind power continue to grow rapidly, and the demand options for humanoid robots are also expected to open up valuation space. After the stress test in the early stage, the medium and heavy rare earth cycle may be at the bottom of the big cycle, and the center is expected to gradually rise in the future.
IFC**: PV demand continues to rise unchanged.
The national finance research report pointed out that short-term energy policies may have an impact, but the cost determines that the continuous upward trend of photovoltaic demand remains unchanged. In the long run, the proportion of power generation of various energy sources is determined by their comprehensive cost, and there is no doubt that photovoltaic wind power is the type of power generation with the lowest cost of electricity in the United States, and with the decline of interest rates and technological progress, the cost advantage of clean energy will be more prominent in the future. Factors such as short-term energy policies may have a partial impact on demand, but in the medium and long term, the cost advantage of clean energy is difficult to reverse, and the trend of PV demand will not change. It is recommended to pay attention to the leading module companies with guaranteed overseas polysilicon supply and integrated production capacity in Southeast Asia, the auxiliary material suppliers that can enjoy overseas capacity premiums, the inverter companies with overseas factories, and the core manufacturers that benefit from the rise of the US domestic manufacturing industry.