China Banking and Insurance Regulatory Commission: The RMB exchange rate fluctuations are within a reasonable range, and the overall performance is stable. The decline in the exchange rate is a mean return to strength over a long period of time, and an appropriate correction is a

► China Banking and Insurance Regulatory Commission : The RMB exchange rate fluctuates within a reasonable range, and the overall performance is stable. The decline in the exchange rate is a mean return to strength over a longer period of time, and an appropriate correction is a normal market reaction. will not be sustained unilaterally for a long time. Do not bet on unilateral depreciation and appreciation, otherwise you will suffer unnecessary losses. The actual value and investment return of RMB financial assets are higher than those in developed countries. The current cross-border capital flows are relatively balanced, with inflows and outflows.

► Health Commission: It is necessary to establish a 15-minute walk nucleic acid "sampling circle" in big cities. Encourage personnel with health-related professional and technical qualifications and qualified personnel trained by the local health administration department to participate in nucleic acid sampling, not limited to doctors and Nurse. All provinces must be prepared to respond to the epidemic and regularly build or renovate a certain number of mobile cabin hospitals. The layout and renovation of toilets, showers, ventilation and other infrastructure must be in place in advance.

► Financial Breakfast: hot spots are coming out non-stop, follow what you want to hear. Which basic project in my country has CNKI ever supported? Why is it being pushed to the forefront now? What impact will the antitrust crackdown have on the literature database service market? Whether CNKI is a monopoly or it will be decided soon. What are the comments from all walks of life on this? Financial friends, quickly scroll to the end of the article to view today’s financial secret tracking # China National Knowledge Infrastructure road

macroeconomics

1, central bank : At the end of April, M2 balance was 249.97 trillion yuan, a year-on-year increase of 10.5%; April , the scale of social financing increased by 910.2 billion yuan, 946.8 billion yuan less than the same period last year; RMB loans increased by 645.4 billion yuan, a decrease of 823.1 billion yuan year-on-year.

2, The General Office of the State Council : issued a notice on further improving the employment and entrepreneurship work for college graduates and other young people. For small, medium and micro enterprises that have recruited a certain number of college graduates and meet relevant conditions, they will be given preferential treatment when arranging bailout funds and providing discount interest on technological transformation loans; for those who recruit college graduates who have graduated from colleges and universities and signed a labor contract of more than 1 year Small, medium and micro enterprises will be given a one-time employment subsidy, and the policy implementation period ends on December 31. sets up "red lights" and "green lights" to promote the healthy development of the platform economy and drive more jobs.

3, China News Service: An epidemic of "tomato flu" has recently occurred in Kerala in southern India. Currently, more than 80 children under the age of 5 have been infected. Experts said that this is a rare viral disease that is contagious. The specific cause of the disease is still unclear. The main symptoms include high fever, body pain, joint swelling, fatigue, rash, etc.

4, Securities Times : Since making Bitcoin a legal currency last year, El Salvador’s President has spent a total of US$105 million to purchase Bitcoin, during which the price of Bitcoin fell 45%. At present, the total market value of 2,301 Bitcoins held by El Salvador has dropped to about US$66 million, and has a floating loss of approximately US$40 million.

5, CCTV News: The British Prime Minister ordered to cut one-fifth of about 91,000 civil service positions, saving about 3.5 billion pounds every year, allowing the government to implement tax reduction policies and alleviate the current cost of living crisis. Opponents said the move was "carelessly considered" and would not only not save the government money, but may also affect the efficiency of passport processing, border, medical and other public departments.

Real Estate News

1. China Banking and Insurance Regulatory Commission: issued guidance on the banking and insurance industry’s support for urban construction and governance. Explore new models of real estate development, insist on promoting both renting and purchasing, accelerate the development of the long-term rental housing market, promote the construction of affordable housing, and support the commercial housing market to better meet the reasonable housing needs of home buyers. Resolutely curb new hidden debts of local governments, and strictly prohibit banks and insurance institutions from cooperating with local governments to finance new projects and build new businesses through new hidden debts.

2, Changzhou City : Commercial housing can be listed for trading 2 years after obtaining the real estate certificate. Previously, commercial housing was required to be listed for trading four years after obtaining the real estate certificate.

stock market inventory

1, On Friday, the Shanghai Composite Index reported 3084.28 points, rose 0.96%, turnover was 340.942 billion. The Shenzhen Component Index reported 11159.79 points, rose 0.59%, and turnover was 416.221 billion. The GEM index reported 2358.16 points, rose 0.29%, and turnover was 133.819 billion. Over 2,600 stocks in the two cities rose, exceeding the daily limit of 100 stocks, with a total turnover of 757.163 billion, a decrease of 64.2 billion from the previous trading day. On the market, the automobile, real estate development, Shenzhen state-owned assets reform, auto parts and other sectors were among the top gainers, while small household appliances, Internet e-commerce, food processing, new urbanization and other sectors were among the top losers. Northbound funds had a net purchase of 2.079 billion yuan throughout the day, of which and Shanghai Stock Connect net purchases were 3.171 billion yuan and Shenzhen Stock Connect net sales were 1.093 billion yuan.

2, On Friday, the Hang Seng Index rose 2.68%, and reported 19898.77 points. Hang Seng Technology Index rose 4.50%, reported 4038.97 points. The state-owned enterprise index rose 3.22%, and reported 6807.03 points. On the market, automobile stocks, Internet medical , and real estate stocks rose sharply. Kuaishou, Geely Auto , Xpeng Motors , JD Health , Xincheng Development rose by more than 8%, and Ideal Auto rose by nearly 7%. %, BYD Electronics, Meituan , Xiaomi Group , Baidu rose more than 6%. Southbound funds had a net purchase of HK$3.495 billion throughout the day, of which Hong Kong Stock Connect (Shanghai) had a net purchase of HK$1.739 billion, and Hong Kong Stock Connect (Shenzhen) had a net purchase of HK$1.756 billion.

3, As of May 13, there were 90 and listed companies on the Beijing Stock Exchange, with one new company added that day. The total market value is 186.854 billion yuan, and the transaction volume is 771 million yuan.

4, financing balance in the two cities : As of May 12, the financing balance of the Shanghai Stock Exchange was 775.606 billion yuan, an increase of 366 million yuan from the previous trading day; the financing balance of the Shenzhen Stock Exchange was 670.287 billion yuan, a decrease of 1.064 billion from the previous trading day. billion; the two cities totaled 1,445.893 billion yuan, a decrease of 698 million yuan from the previous trading day.

5, WuXi AppTec : received a prior notice of administrative penalty from the China Securities Regulatory Commission. Due to suspected violations of laws and regulations when reducing its stock holdings, the China Securities Regulatory Commission ordered shareholder Shanghai Yingyi to make corrections, issued a warning, and imposed a fine of 200 million yuan. The notice and related administrative penalties are only targeted at the shareholder Shanghai Yingyi, and do not involve the company and other shareholders, and will not have an impact on daily production and operation activities.

6, Shanghai Stock Exchange: Since May 16, there have been securities products such as funds with expanded securities abbreviations, Science and Technology Innovation Board stocks, etc., and their expanded securities abbreviations remain unchanged; main board stocks without expanded securities abbreviations , For securities products such as bonds, the initial default short name of the expanded security is the same as the short name of the security. The maximum length of the expanded securities abbreviation shall not exceed 15 Chinese characters, unless otherwise specified by .

7, China Securities Regulatory Commission: issued the "Pilot Regulations on the Stock Market Making and Trading Business of Securities Companies' Science and Technology Innovation Board". In addition to having a complete business plan, professional staff, technical systems and other conditions, securities companies participating in the initial pilot pilot also need to meet two conditions in terms of capital strength and compliance and risk control capabilities. First, the net capital in the past 12 months has continued Not less than 10 billion yuan; secondly, the classification rating in the past three years is Class A (inclusive) or above.

8, China Economic Network : As of May 12, 12 listed companies have released buyback plans for the purpose of profit compensation since this year. 10 of them have not met the compensation agreement due to performance or other financial indicators. Officially Implement "1 yuan buyback" and cancel shares. According to the industry, in order to avoid the performance compensation trap of "stepping on thunder", we should focus on whether the performance commitments and compensation plans are reasonable and whether they are conducive to protecting the interests of listed companies.

9, Securities Daily: Since the beginning of this year, three securities firms have successfully implemented share placements, raising a total of 42.3 billion yuan, a scale that has exceeded last year. The industry said that after the stock price suppression factors in the short term after the rights issue are fully digested by the market, the stock price will generally rebound. Investors who accept allotments are optimistic about the market and individual stocks and are more willing to hold them for the long term.

10, Securities Times: As of May 12, the total share of public offering products of 11 securities companies and asset management companies has increased by 59.65 billion this year, and investors can follow the trend. At the same time, brokerage asset management launched a total of 66 new public offering products this year, a year-on-year increase of 65%. According to the industry, among the new issuances this year, there are relatively many debt-based, fixed-income + and quantitatively enhanced products, while equity products are mainly held.

11, China Clearing: 4 In April, there were 1.2567 million new investors, and dropped 45.4% month-on-month.

12, Sungrow : disclosed the equity incentive plan. The number of restricted shares to be granted by is 6.5 million shares at a price of 35.54 yuan/share. The performance assessment target of is to increase operating income by more than 40% year-on-year or net profit by more than 70% year-on-year in 2022. In addition, it plans to repurchase shares for 500 million yuan to 1 billion yuan, with the repurchase price not exceeding 100 yuan per share.

13, *ST HNA: received written resignation reports submitted by independent directors Xu Jingchang, Zhang Ying and Lin Zeming. Due to personal reasons, the three people applied to resign from their positions as independent directors and members of the special committees under the board of directors.

14, Yan'an Bikang : received a notification from the China Securities Regulatory Commission on May 13. was suspected of illegal information disclosure, and the China Securities Regulatory Commission decided to file a case against the company.

15, Tongda Electric (2 connected boards): issued a change announcement. At present, nucleic acid sampling trucks are mainly used to support epidemic prevention work in Guangzhou and surrounding areas, and have not yet launched nationwide marketing efforts; currently has no more than 10 nucleic acid sampling trucks in use, and has a negligible impact on operating income and net profit. Excluding.

Wealth Focus

1, China Securities Journal: As of May 11, most of the 563 short-term pure debt funds have achieved positive returns this year, and only 6 have seen their net values ​​fall. According to the industry, the current relatively loose monetary environment supports financing costs to be maintained at a relatively reasonable level, and medium and short-term debt funds still have high investment value. However, there is limited room for capital interest rates to continue to fall, and the market will be relatively cautious in short-term operations.

2, 21st century: The China Banking and Insurance Regulatory Commission is working with the central bank to study and launch a pilot program of specific pension savings business. It is initially planned to be carried out by the four large banks of ICBC, ICBC, China Construction Bank and China Construction Bank in some cities. The pilot scale of a single bank is initially considered to be 10 billion yuan. , the pilot period is tentatively scheduled for one year. Specific pension savings products include three types: lump sum deposits and lump sum withdrawals, lump sum deposits and lump sum withdrawals, and lump sum deposits and lump sum withdrawals. The product terms are divided into four grades: 5 years, 10 years, 15 years, and 20 years.

Industry Observation

1, CCTV News: The German Foreign Minister warned that the recent global food crisis is just the tip of the iceberg. Due to regional conflicts, 25 million tons of grain are currently stranded in Ukrainian ports, which is even worse for countries in Africa and the Middle East that are in urgent need of grains. As climate changes, the global food crisis will become more apparent and worse over the summer.

2. Zhang Jianhua, Director of the Energy Bureau: Accelerate energy transformation, vigorously develop wind power and solar power generation, and actively and steadily develop clean energy such as hydropower, nuclear power, and biomass power generation. Promote coal reduction and restriction in the steel, non-ferrous metals, building materials and other industries, strictly control the blind development of "two high and one low" projects, carry out energy-saving upgrades in key areas, and promote enterprises to increase the proportion of green energy use and electrification levels.

3, China Securities Network: 1-April, my country's steel exports were 18.156 million tons, a year-on-year decrease of 29.2%; imports were 4.174 million tons, a year-on-year decrease of 14.7%.According to the industry, external demand will weaken the demand for steel this year, and the steel industry will rely more on the release of domestic demand. Throughout the year, 's promotion of infrastructure and real estate investment remains a top priority, which will support demand for construction steel.

4. China Banking and Insurance Regulatory Commission: When insurance funds are invested in financial products, the requirements that should be met include that the insurance institution has credit risk management capabilities; if the financial product manager is a commercial bank, the audited net assets of the commercial bank at the end of the previous fiscal year shall not be less than 30 billion yuan, or has been listed on the main board of domestic and foreign exchanges; if the manager of the financial product is a financial management company, the registered capital of the financial management company shall not be less than 3 billion yuan.

5, CCTV Finance: Since this year, major online platforms have increased their efforts in tea live broadcasts. During the "Spring Tea Tasting" event, the number of tea live broadcasts on an e-commerce platform increased by 18% year-on-year, the order volume increased by 26%, and the number of anchors increased by 17% year-on-year; another e-commerce platform held tens of thousands of tea live broadcasts, and the sales of related products A month-on-month increase of more than 50%. Among them, html tea gift boxes priced from 5,200 yuan to 300 yuan have better sales.

6. Securities Times: According to news, the European Commission plans to announce a 195 billion euro plan, while accelerating the use of renewable energy and energy conservation, switch to other natural gas supplies, and get rid of the restriction by 2027. Russia's dependence on fossil energy. In addition, the plan considers increasing the clean energy target to 45% in 2030, requiring member countries to reduce energy consumption by at least 13%.

Company News

1, SMIC : The second and third quarters will be dominated by new price materials this year. It is expected that the price increases in raw materials, labor costs and other costs will increase operating costs by 10%, plus the depreciation of equipment for new production capacity. On the high side, may affect the gross profit margin in the second quarter.

Global Vision

1, Overseas Network: As the payment deadline for the first settlement after the "Ruble Settlement Order" takes effect is approaching, 20 European companies have opened ruble accounts to meet Russia's requirement to settle natural gas in rubles. The Italian Prime Minister once said that Italy and Germany are the main importers of Russian natural gas, and European companies' settlement of Russian natural gas in rubles does not violate sanctions.

2, CCTV News: Data released by the Italian Central Bureau of Statistics show that the fertility rate of women of childbearing age is currently 1.2. If effective measures are not taken to promote fertility, only 250,000 babies will be born every year on average in the next 40 to 50 years. By 2050, Italy's population will decrease by 5 million, of which 2 million will be fewer young people.

3, CCTV Finance: 4 In April, the inflation rate in Argentina was 6%, a year-on-year decrease of 0.7 percentage points. The cumulative inflation rate in the first four months of this year exceeded 23%, and the annualized inflation rate in the past 12 months increased to 58%, the highest record in 30 years. Argentina's central bank announced a 200 basis point interest rate hike, raising the benchmark interest rate to 49%, marking the fifth rate increase this year.

4, The Baltic Dry Bulk Index : fell 0.42% to 3104 points.

Financial data

Domestic

1, New Third Board: On May 13, a total of 6,721 companies were listed, a decrease of 32 on that day, with a transaction amount of 443 million. The Third Board Component Index reported 1031.51, down 0.04%, with a turnover of 114 million.

2. Domestic commodity futures: As of the closing price on the afternoon of May 13, the prices rose more than fell. EG, soybean oil, etc. rose more than 3%, zheng alcohol, soybean meal, etc. rose more than 2%, staple fiber, soybean oil, etc. rose more than 1%, manganese silicon, rubber, etc. rose slightly; Shanghai Silver fell more than 2%, and coking coal fell more than 1%. %, pulp, glass, etc. fell slightly.

3. Treasury bonds: html The main 72-year Treasury bond futures contract TS2206 stabilized at 101.215; the main 5-year Treasury bond futures contract TF2206 fell 0.05% to 101.630; the main 10-year Treasury bond futures contract T2206 fell 0.11% to 100.570.The 10-year government bond interest rate rose 0.85 BP to 2.81%; the 10-year China Development Bank bond interest rate rose 0.85 BP to 3.00%.

4, Shanghai International Energy Trading Center : On May 13, the main crude oil futures contract 2207 closed at 697.1 yuan/barrel, up 18.3 yuan, or 2.70%. All contracts were traded at 253,622 lots, and open interest increased by 2,238 lots to 60,922 lots. The main contract transactions were 71,163 lots, and the open interest increased by 2,989 lots to 26,273 lots.

5, Central Bank: On Friday, a 10 billion yuan 7-day reverse repurchase operation was conducted. Because 10 billion yuan of reverse repurchase expired on that day, zero investment and zero withdrawal were achieved.

6, Shibor: reported 1.3100% overnight, and rose 0.10 basis points. 7 reported 1.6710%, down 4.30 basis points. The three-month report was 2.1550%, down 1.10 basis points.

7, RMB: Onshore RMB closed at 6.7830 against the US dollar at 16:30, rose 0.1031%, and the central parity rate of RMB was reported at 6.7898, down 0.9006%. NDF: 3-month report is 6.8295, 6-month report is 6.8395, 1-year report is 6.8445, and 2-year report is 6.8700.

8, Shanghai Environment Exchange: On May 13, the national carbon market’s carbon emission quota listing agreement transaction volume was 10 tons, with a transaction volume of 580.00 yuan and a closing price of 58.00 yuan/ton, which was the same as the previous day.

Foreign

9, Asia: The Nikkei 225 index rose 2.64%, reported 26427.65 points. South Korea’s KOSPI index rose 2.07%, and reported 2604.24 points.

10, U.S. stocks : The Dow closed up 1.47%, reported 32196.66 points; the Nasdaq closed up 3.82%, reported 11805.00 points; the S&P 500 closed up 2.39%, reported 4023.89 points.

11, Europe: Britain's FTSE 100 index closed up 2.55%, reported 7418.15 points; Germany's DAX30 index closed up 2.10%, reported 14027.93 points; France's CAC40 closed up 2.25%, reported 6362.68 points.

12, Gold: COMEX June gold futures closed down 0.9% at $1,808.20 per ounce.

13. Crude oil: WTI June crude oil futures closed up 4.11%, reported at US$110.49/barrel; Brent 7 crude oil futures closed up 3.82%, reported at US$111.55/barrel.

· The Road to CNKI·

► History of CNKI: In March 1999, Wang Mingliang, the current chairman of Tongfang CNKI (Beijing) Technology Co., Ltd., proposed the construction of China Knowledge Infrastructure Project (CNKI), which was listed as Tsinghua University key project. The CNKI project is an information construction project aimed at realizing the dissemination, sharing and value-added utilization of knowledge resources throughout society. In 2003, China Journal Network was renamed China National Knowledge Infrastructure. On December 31, 2019, the controlling shareholder of CNKI’s parent company “Tongfang Co., Ltd.” was changed from Tsinghua Holdings to CNNC Capital, and the actual controller was changed from the Ministry of Education to the State-owned Assets Supervision and Administration Commission of the State Council.

► Current situation of CNKI: From 2001 to 2020, the main business income of Tongfang Co., Ltd., the parent company of CNKI, has been growing. The income has approximately tripled in ten years. Revenue in 2021 is 1.289 billion yuan. CNKI is currently the largest academic electronic resource aggregator in China, collecting more than 95% of officially published Chinese academic resources. Among the three major duplication checking databases, Wanfang and VIP are billed by characters, while CNKI is billed by article. Calculated based on a 30,000-word master's thesis and a 100,000-word doctoral thesis, the plagiarism check price for the master's thesis in Wanfang and VIP is 90 yuan, and the doctoral thesis is 300 yuan. In comparison, both costs 498 yuan on CNKI. .

► CNKI incident: On December 23, 2021, regarding the issue of "whether CNKI is suspected of monopoly", the Anti-Monopoly Bureau of the State Administration for Market Regulation stated that anti-monopoly law enforcement agencies need to study and analyze specific evidence and make a determination through corresponding procedures. , will be verified and studied. The State Administration for Market Regulation stated on April 25, 2022 that it has paid attention to the suspected monopoly issues reported by various parties in CNKI and is carrying out relevant work in accordance with the law.On May 9, 2022, Tongfang Co., Ltd. responded that CNKI is also reflecting, studying optimization and improvement of its business model, and actively carrying out rectifications. CNKI will disclose relevant rectification measures to the public at an appropriate time and respond. In May 2022, based on preliminary verification, the State Administration for Market Regulation launched an investigation into CNKI for suspected monopolistic behavior in accordance with the law.

► CNKI evaluation: The universities ranking first in CNKI procurement expenses in 2021 are Beijing Normal University , with procurement fees as high as 1.984 million yuan. The top fifteen universities alone will spend nearly 22 million yuan in total. CCTV commented on this, saying that CNKI’s “borrowing chickens to lay eggs” business should change. This incident also triggered a discussion on whether CNKI is suspected of being an industry monopoly. Knowledge is irreplaceable. When large-scale academic database operators unscrupulously increase the price of their databases in order to maximize profits, it not only damages public resources, but also raises the audience threshold of journals, making it impossible for knowledge to be widely disseminated, thus forming a "knowledge monopoly". It can be seen from the comments of netizens that many people have been struggling with the Internet for a long time, so we will wait for the follow-up!