June 27 market interpretation
Closing summary
On June 27, the Shanghai Composite Index rose 0.88%, the Shenzhen Component Index rose 1.1%, the GEM Index rose 0.22%, the market fluctuated and rose throughout the day, the Shenzhen Component Index led the rise, the Shanghai Composite Index It once approached the 3,400-point integer mark. The trading volume of the Shanghai and Shenzhen stock markets was 1.2288 billion, which was 68.5 billion higher than the previous trading day. Northbound funds bought 7.265 billion yuan in net throughout the day; of which and Shanghai Stock Connect had a net purchase of 4.433 billion yuan, and Shenzhen Stock Connect had a net purchase of 2.832 billion yuan. In terms of sectors, HJT batteries, coal, hotels and other sectors were among the top gainers, while real estate services, insurance, securities and other sectors were among the top losers. (Data source: Wind, Financial Associated Press, as of 15:00 pm on June 27, 2022.)
market dynamics
sector prices
performed strongly | Weak performance |
HJT battery | Real estate services |
Coal | insurance |
hotel | securities |
northbound funds
Northbound funds: Northbound funds had a net purchase of 7.265 billion yuan throughout the day.
Among them, the net buying of Shanghai Stock Connect was 4.433 billion yuan, and the net buying of Shenzhen Stock Connect was 2.832 billion yuan.
The recent good foundation
Debon Ruixing Bond A
(code: 002704)
Debon Ruixing Bond has excellent historical performance, The Class A return rate in the last year is 7.39% (performance comparison benchmark 1.9 2%), in Morningstar China for one year In the performance list of futures funds (pure debt funds), ranks 4/383 in the same category. Debon Ruixing focuses on the bond market, and its defensive advantages are more prominent under the circumstances of the A-share market shock adjustment.
Debon Big Health Flexible Configuration Mixed
(code: 001179)
Debon Big Health Flexible Configuration Mixed Theme investment direction covers high-quality subdivided industries in the field of health consumption, focusing on corporate value, grasping core assets, and in-depth industry coverage. Top-down layout of high-quality targets with both prosperity and growth potential. ’s excess return rate in the past five years has reached 124.19%, ranking among the top 1/13.
Finance Focus
China News Network : Central Bank President Yi Gang accepted an exclusive interview with a reporter from China International Television (CGTN) and said that China's monetary policy has always been consistent with supporting the development of the real economy. The growth rate of broad money M2 and social financing basically matches the growth rate of nominal GDP, maintaining reasonable and sufficient liquidity, and supporting the development of small and medium-sized enterprises to achieve the goal of maximizing employment. Over the past decade, China's market interest rates have been steady and declining. The level of natural interest rate is mainly determined by the marginal product rate of capital and the long-term development trend of population. China's interest rate formation mechanism is determined by market supply and demand. The central bank guides market interest rates through the use of monetary policy tools. Currently, the interest rate on time deposits is about 1-2%, and the interest rate on bank loans is about 4-5%. At the same time, the bond and stock markets are operating relatively efficiently.
Taking into account the level of inflation, it can be seen that the real interest rate level is quite low, and the financial market can effectively allocate resources. my country implements a flexible exchange rate system that is based on market supply and demand and adjusted with reference to a basket of currencies.Compared with 20 years ago, the RMB exchange rate against the US dollar has appreciated by about 25%, the nominal exchange rate against a basket of currencies has appreciated by about 30%, and the real exchange rate has appreciated even more. China's inflation outlook is relatively stable, with CPI increasing by 2.1% year-on-year and PPI increasing by 6.4% year-on-year. Maintaining price stability and maximizing employment are our priorities. Since the beginning of this year, China's economy has faced certain downward pressure due to the epidemic and external shocks. Monetary policy will continue to be based on aggregate efforts to support economic recovery . At the same time, we will also emphasize the use of structural monetary policy tools such as supporting small and medium-sized enterprises and green transformation.
CCTV Finance: html In May, fund issuance shares began to rebound. Since June, more than 40 funds have ended their fundraising early. Overall, fund sales have bottomed out . As of June 24, a total of 100 funds had been established in June, with an adjusted issuance share of 169.6 billion, an increase of more than 80% from the fund issuance scale in May. Among the newly established funds in June, the adjusted issuance share of bond funds reached 150.4 billion, accounting for 89%. The reporter visited many fund sales agencies such as banks and securities companies and learned that the number of inquiries from customers about fund products has indeed increased recently. The sales of fund products at some outlets increased by 30% compared with the previous month. Among them, the business volume of funds' fixed investment in doubled compared with the previous month. From the perspective of allocation, funds with a faster rebound in net worth mainly invest in the new energy vehicle industry chain and high-end equipment manufacturing.
First Financial : On June 27, the Zhejiang Provincial Department of Housing and Urban-Rural Development issued "Several Opinions on Supporting the Promotion of "Zhejiang Good Education" Work" to increase support for housing provident funds. For families with three children who purchase their first self-occupied home and apply for a housing provident fund loan for the first time, the loan amount can be determined by 20% higher than the family's maximum loan amount for the current period. Loan applications for families with three children will not be included in the waiting list and will be given priority. Appropriately increase the amount of housing provident fund withdrawals for families with three children who have no rental housing, and the withdrawal limit can be increased by 50% based on the actual withdrawal limit in various places.
Sina Finance: The Ministry of Finance recently issued the "Notice of the Ministry of Finance on the release of the 2022 renewable energy electricity price supplementary subsidy local fund budget." According to the "Notice", 11 provinces and regions including Shanxi, Inner Mongolia, Jilin, Zhejiang, Hunan, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Gansu, Qinghai and Xinjiang will receive additional subsidies for renewable energy electricity prices, with a total of of 2.75496 billion yuan. . Among them, wind power subsidies are 1.47 billion yuan, photovoltaic subsidies are 1.25 billion yuan, and biomass energy subsidies are 28.9 million yuan.
e company: Ningde Times announced on the evening of June 27 that company plans to use no more than 23 billion yuan to issue idle shares to specific objects to raise funds for cash management . The use period is valid for 12 months from the date of review and approval of this proposal. . Investment products with idle raised funds must meet: high security, meet capital guarantee requirements, and the product issuer can provide capital guarantee commitments; have good liquidity and will not affect the normal progress of the raised investment projects.
CCTV News: On June 27, local time, the U.S. White House issued a statement saying that U.S. President Biden would meet with G7 leaders and Ukrainian President Zelenskiy that day, and the G7 would issue a statement. Russia's new sanctions . The White House statement said that the major new sanctions that the United States will implement in coordination with the Group of Seven include: sanctions on hundreds of individuals and entities, tariffs on hundreds of Russian products worth billions of dollars, and targeting Russian military production. and supply chain sanctions. G7 leaders will adjust and expand targeted sanctions to further restrict Russia’s access to critical services and technologies, restrict Russia’s participation in global markets, and further combat its attempts to circumvent.In addition, the G7 pledged to provide budgetary support and other support for Ukraine .
data source: Wind, A-share data cut-off time is 15:00 pm on June 27, 2022, Hong Kong stock and overseas index data cut-off time is the closing time of 2022.06.27 local time, onshore RMB central parity data cut-off time is 2022.06 .27 9:15 am, the cut-off time for USD/ offshore RMB data is the closing time of 2022.06.27 local time.
Debon Ruixing data source: Debon Ruixing 2022 first quarter report, Morningstar China, as of March 31, 2022; fund evaluation data comes from the "Fund Performance Ranking" released by Morningstar China on April 1, 2022 List". Performance/Benchmark: Debon Ruixing Bond was established on June 3, 2016. In 2017, Class A was 0.37%/-2.42%, Class C -0.02%/-2.42%; in 2018, Class A was 6.294%/4.12%, Class C 6.47%/4.12%; Class A in 2019 3.30%/1.34%, Class C 2.91%/1.34%; Class A in 2020 1.61%/0.12%, Class C 1.37%/0.12%; Class A in 2021 7.58%/2.01 %, Class C 7.29%/2.01%; since its establishment (since the transformation on March 6, 2020) Class A 8.18%/0.92%, Class C 7.61%/0.92%.
Special note: Debon Ruixing Bond Securities Investment Fund was transformed from Debon Pure Debt One-year Regular Open Bond Securities Investment Fund (the effective date of the fund contract is 2016/6/3). "Debon Ruixing Bond Securities Investment Fund" "Investment Fund Fund Contract" officially came into effect on March 6, 2020. After the transformation, the investment scope and investment strategy of the fund have changed. For specific changes, investors are advised to carefully read the fund's "Fund Contract" and "Prospectus" and other legal documents. Understand the specifics of the fund. Changes in fund managers of Debon Ruixing Bonds since its establishment: Han Tingbo, from 2016-06-03 to 2017-08-01; Sun Quan, from 2017-06-16 to 2018-09-04; Chen Jie, from 2018-09-19 to 2020-07-01; Zhang Zhengshuo, 2018-08-17 to 2021-01-21; Han Zhehao, 2021-01-19 to present; Chen Lei, 2021-12-17 to present.
Deppon Health data source: Deppon Fund, Haitong Securities , as of March 31, 2022. Fund evaluation data comes from the "Fund Excess Return Ranking" released by Haitong Securities on April 3, 2022. Deppon Health ranks 68/949 in excess returns among flexible strategy hybrid funds in the past five years. Performance/Benchmark: Deppon Health was established on April 29, 2015, -5.56%/7.8% in 2015, -12.56%/-8.37% in 2016, 38.62%/2.70% in 2017, -17.16%/- in 2018 27.71%, 48.43%/16.13% in 2019, 43.50%/18.40% in 2020, 5.49%/0.41% in 2021, 115.30%/-8.89% in the past five years, and 90.78%/-14.24% since its establishment. Changes in fund managers of Deppon Health since its establishment: Li Yu, from 2015-04-29 to 2015-06-18; Li Ying, from 2015-06-04 to present.
Risk Disclosure:
This material is customer service material and does not constitute any legal document. The information and opinions contained in this material are for readers' reference only and do not constitute an inevitable basis for Debon Fund to make investment decisions on the funds it manages, nor does it constitute any investment advice or commitment made by Debon Fund to readers.
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