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China imposes tariffs on the first batch of previously announced suspension of concessions on the list of US imported goods that it had previously announced.
China's official manufacturing PMI was 51.5 in March, which was higher than the boom and bust line for 20 consecutive months.
On the occasion of the first anniversary of Xiong'an, Xinhuanet said that after historic squat, it will face a historic jump; the deputy director of the National Research Center said that some of the contents of financial system reform can be experimented in Xiong'an.
steel capacity reduction key points will be released: this year, we will vigorously promote mergers and reorganizations of steel enterprises.
. The maximum loan amount for each person who buys the first house in Nanjing is increased to 500,000 yuan. The pilot opinions on the "unicorn" return to A were released, and seven major industries were selected, with two major valuation thresholds of 200 billion and 20 billion were set; 5 to 7 Chinese stocks that meet the domestic CDR issue, and there may be less than 30 unicorns that issue stocks.
Media: In principle, the State Council approved the merger of north and south ships, and the Chinese magic ship was about to emerge.
The Ministry of Finance issued Document No. 23, except for local government bonds, state-owned financial enterprises shall not provide any form of financing to local governments.
Market Overview
Due to "Good Day", Western countries such as the United States, the United Kingdom, Germany, France, Italy, Australia and Hong Kong, China are all closed for one day on Friday. A-shares and US stocks rose last week, while gold digital currency fell.
market closed at
A stocks: Shanghai Composite Index closed at 3168.90 points, up 0.26%, with a turnover of 196 billion yuan. The Shenzhen Component Index closed at 10868.65 points, up 1.05%, with a turnover of 300.8 billion. The ChiNext closed at 1900.48 points, up 3.16%, with a turnover of 117.5 billion.
News details
China's official manufacturing PMI in March was 51.5, better than expected 50.6, and the manufacturing industry showed a steady and rising development trend.
According to the Ministry of Finance, from April 2, China suspended its duty on 128 imported goods of seven categories originating from the United States, imposed tariffs on the basis of the current applicable tariff rates, imposed tariffs on 120 imported goods such as fruits and products at a tariff rate of 15%, and imposed tariffs on 8 imported goods such as pork and products at a tariff rate of 25%. The current bonded and tax exemption policies remain unchanged.
People's Daily published an article saying that international knowledgeable people generally believe that the Trump administration's plan to restrict China's trade and investment in the United States on a large scale ignores its own economic structural problems, which is also a provocation to the international multilateral trading system, and the result will inevitably intensify the United States' "internal and external troubles." The United States should maintain an open multilateral trading system and find solutions through negotiations and consultations.
On Thursday, the U.S. Congress told Trump that it would not harm the domestic economy of the United States, especially the benefits obtained through tax reforms.
Foreign Ministry spokesman Lu Kang said in response to issues related to soybeans and trade war that China hopes that US decision makers will also listen carefully to the widespread voices of US consumers and the relevant industry, carefully weigh the benefits and losses of unilateralist measures to the US, and there is no need to hit the wall and look back.
Wang Yiming, deputy director of the Development Research Center of the State Council, said that it is necessary to accelerate the gathering of financial institutions in Xiong'an, support the development of Xiong'an New Area in finance, gather financial resources, and develop the financial industry from a high starting point.
Xinhuanet published an article reviewing the progress of Xiong'an on the first anniversary, saying that over the past year, people in Xiong'an have experienced the high and exciting development of a thousand-year plan and national affairs, and have faced the loss and anxiety of factory closing and store closing. The ups and downs are not a smooth road. This year was Xiong'an's "historic squat". In the future, it will surely usher in a "historic start".
Previously, the Central Financial and Economic Leading Group rarely disclosed it publicly. The outside world is curious, what kind of institution is this?
According to 21st Century Business Herald, "Key Points of Working to Resolve Overcapacity in 2018" is expected to be announced in the near future. This policy includes 19 policy measures in four aspects, including the implementation of important measures such as resolving the task of resolving 30 million tons of steel overcapacity, disposing of zombie enterprises, promoting mergers and reorganizations of steel enterprises, and guiding process transformation.
. The maximum loan amount for each person who buys the first house in Nanjing is increased to 500,000 yuan.
Nanjing Housing Provident Fund Management Center announced the "Notice on Adjusting the Relevant Policies for Housing Provident Fund Loans in Nanjing" on March 31.The notice clearly states that the maximum loan amount for housing provident fund loans for purchasing first homes will be increased. The maximum loan amount for housing provident fund for purchasing the first home is adjusted to 500,000 yuan per person and 1 million yuan per household between husband and wife.
"Opinions" show that pilot enterprises should belong to high-tech industries and strategic emerging industries such as the Internet, big data, cloud computing, artificial intelligence, software and integrated circuits, high-end equipment manufacturing, and biomedicine. The market value of large red chip enterprises that have been listed overseas is no less than 200 billion.
According to the "Opinions" issued by the General Office of the State Council, there may be only 5-7 Chinese stocks that are in line with the issuance of CDRs in China. There may be less than 30 unicorn innovative companies that are in line with the issuance of stocks in China.
Sina quoted media as saying that in principle, the State Council of China Shipbuilding Corporation approved the merger of China Shipbuilding Corporation and China Shipbuilding Corporation, with revenue of at least 508 billion yuan after the merger, and the A-share military industry sector rose rapidly.
According to the First Financial News, modifying the IPO method can modify specific indicators such as profit scale. Previously, Wang Jianjun, general manager of the Shenzhen Stock Exchange, revealed that reforming the IPO method creates conditions for the listing of loss-making companies.
The China Securities Regulatory Commission solicits opinions on the equity management regulations of securities companies. Management regulations retain the practice of penetration verification and require that illegal investment of shares is prohibited. The regulations also clarify differentiated management requirements for different types of shareholders, strengthen the professionalism of major shareholders and controlling shareholders, and the support capabilities of securities companies.
The China Securities Regulatory Commission released its legislative work plan for 2018. In 2018, the China Securities Regulatory Commission plans to formulate and amend 32 rules, including amending several opinions on the delisting system, revising the interim measures for private equity investment funds, and the management measures for foreign securities investment companies.
On the evening of March 30, the China Securities Regulatory Commission solicited opinions on the amendment of IPO management measures, canceled the three consecutive years of profit requirements for innovative enterprises to issue stocks or CDRs in domestically, and added the requirement of "the cumulative net cash flow in the last three fiscal years exceeds RMB 50 million, or the cumulative operating income exceeds RMB 300 million in the past three years."
New LeTV Smart Home and Tencent Video have a content cooperation period of 3 years. The two parties will share the commercial revenue of members, advertising and other commercialization generated on LeTV TV through Tencent Video content in accordance with the agreed proportion.
The Ministry of Finance’s "Notice" pointed out that it is clear that state-owned financial enterprises shall not grant unified credit to local governments, shall not provide support for local governments to illegally or in disguised debt, and shall strictly implement relevant regulations on capital contribution management, financial management and property rights management. For those who provide illegal and irregular financing, the performance evaluation level of financial enterprises shall be lowered.
China News —— Regional and Industry
号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号� [Stock Selection Bao Zao Knows] Last week, the company won strong stocks such as Shirong Zhaoye and Lanxiao Technology, among which Lanxiao Technology received four consecutive bids. In addition, Baotiao Zaozhi also commented on major themes such as the Digital China Strategy and the 400 billion tax reduction plan as soon as possible. Today [Stock Selection Bao Early Knows] mainly covers the following content: CDR pilot promotion exceeds expectations, and the three A-share companies have a feast; this industry has seen a "gold pit". The Ministry of Industry and Information Technology has just revealed that a new round of capacity reduction policy will be implemented; this unicorn passes the express delivery may surpass Foxconn, and these companies behind it have the next Fangxing Technology; rare! There are long queues of transport vehicles outside the factory, and this industry has set off a wave of snatching goods. If you want to know more, please subscribe and know early. I know every day early, and take the lead in explaining the latest hot spots in 5 minutes and providing tomorrow's directions. We are waiting for you every night at 9:30!
1, Steel | According to data from the Bureau of Statistics, the official manufacturing PMI in March was 51.5, expected to be 50.5, and the previous value was 50.3. The manufacturing purchasing managers index rebounded significantly in March, rising to the first quarter high, indicating that the expansion of the manufacturing industry has accelerated. Looking at the sub-indicators in detail, the production index and the new order index rebounded by 2.4 and 2.4 points from February to 53.1% and 53.3%, respectively, becoming the main driving force for the jump in March data, indicating that the start of work after the holiday and that the production of enterprises has fully recovered. The PMI of the steel industry in March was 50.6, up 1.1 percentage point month-on-month, returning to the top of the boom and bust line. In terms of sub-indicators, the production index rebounded to the expansion range, the new order index rose slightly, the new export order index decreased, the finished product inventory increased, and the raw material inventory fell to the contraction range.In the future, as inventory is gradually digested and trade war factors weaken, it is expected that the recovery trend of steel prices will continue in April at the end of March.
Comment: At present, the steel futures and spot market prices have stopped falling and stabilized, and the rebound is expected to continue. After a month of correction, the allocation value of the steel sector has emerged. It is recommended to pay attention to Liugang Co., Ltd. and Huali Steel.
2. Industrial Internet | Minister of Industry and Information Technology Miao Wei recently wrote an article in the Study Times to promote the deep integration of information network technology and the real economy, especially manufacturing. Adhere to the principle of using intelligent manufacturing as the main focus of the integration of industrialization and industrialization, give full play to the dual advantages of a manufacturing power and a network power, and promote the transformation of the industrial economy to a data-driven innovation system and development model. Foresighted layout of the industrial Internet, vigorously develop intelligent integrated industries, build a group of platform-based enterprises with ecological control, and build a new form of digital economy that is networked, intelligent, service-oriented and collaborative.
Comment: This year's government work report will develop industrial Internet platforms as one of the contents to accelerate the construction of a manufacturing power. It is expected that the industrial Internet industry will usher in vigorous development. You can pay attention to Nanxing Equipment and Yongchuang Intelligence.
3. Guangdong-Hong Kong-Macao Greater Bay Area | On April 1, the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong High-speed Railway began trial operation, and multiple trains will be arranged to travel between Guangzhou South, Shenzhen North, Futian Station and West Kowloon Station every day. A relevant person in charge of MTR also said that the relevant trial operation will continue for several months and is expected to be opened in the third quarter of this year. The Guangzhou-Shenzhen-Hong Kong High-speed Railway starts from Guangzhou City, Guangdong Province in the north, passes through Dongguan, Shenzhen and Hong Kong, with a total length of about 140 kilometers. The completion and operation of the Hong Kong section means that the Hong Kong section of the high-speed rail has been connected to the 25,000 kilometers of the national high-speed rail network.
Comments: The Greater Bay Area is interconnected and the warehousing and logistics, real estate development and other industries in the area are expected to benefit first. You can pay attention to Shirong Zhaoye, China Merchants Shekou, and Hengji Daxin. The tourism industry will also deeply benefit from the integrated development of the Greater Bay Area. In addition, the recent release of the "Guangdong Coastal Tourism Highway Plan" has been released. After the completion of the coastal tourism highway, it will connect 14 prefecture-level cities and 38 counties (districts) in the province, radiate to more than 20 coastal new areas planned along the route, and connect 90 tourist attractions. You can pay attention to OCT A, which actively deploys cultural and tourism real estate.
4. Free Trade Port | Recently, Shanghai Mayor Ying Yong said that as the forefront of China's reform and opening up and the largest economic center, Shanghai is accelerating the construction of an international economic, financial, trade, shipping center and a science and technology innovation center with global influence. In November this year, Shanghai will hold the first China International Import Expo, which is also an important measure for China to further open up its market to the world. In addition, the RMB Cross-border Payment System (CIPS), which was just put into operation on the second phase in Shanghai on March 26, attracted 508 indirect participants from countries and regions along the "Belt and Road" as of the end of 2017, covering 41 countries and regions; as of the end of 2017, a total of 288.6 billion yuan of cross-border revenue and expenditure with countries and regions along the "Belt and Road" through free trade accounts.
Comment: Shanghai's series of measures to open up to the outside world will take the lead in promoting the rapid development of local ports, shipping and other enterprises, especially the implementation of measures such as free ports, and will most directly stimulate Shanghai's foreign trade-related industries. It is recommended to pay attention to Shanghai Airport, Huamao Logistics, etc.
5, OLED | According to media reports, foreign media recently exposed Huawei's new patent for folding screen mobile phones. Huawei uses a whole flexible screen with elastic connection hinges on the back. If the content needs to be expanded, it can be spread out directly. If a small screen or storage is required, it can be folded in half, and there is no collapse in the middle connection. At present, major mobile phone manufacturers including Samsung and Apple have related technical layouts and plans to release products in the field of folding mobile phones. Folding mobile phones have become a new trend after full-screen mobile phones.
Comment: Times New Materials Company has achieved mass production of PI films, and aramid and other new material projects are being carried out in an orderly manner. Xinlun Technology Company's OLED heat dissipation module bonding tape and black PI tape have been supplied to Apple.
6, Cloud Computing | According to media reports, Microsoft has implemented a major restructuring and will set up two new departments: "AI and Cloud Computing" and "Experience and Equipment". This means that Microsoft is weakening the importance of its Windows product line and putting cloud computing at a higher level.In fact, cloud computing's revenue and share occupies an increasingly important position in the overall proportion of giant companies. Amazon's cloud business ranked first with US$17.46 billion, followed by Microsoft, Google and Alibaba.
Comment: Huatong Cloud Data Company, a cloud computing comprehensive service provider that Zhejiang University Network has invested heavily in a huge amount of money to acquire, is an important data center partner of Alibaba Cloud. The company will also jointly build the largest cloud computing data center in the southwest. Yunsai Zhilian's main business is distributed in three sectors: cloud computing big data, solutions and smart products, and is deeply connected with Microsoft China in the cloud computing field.
7, Edge Computing | Yang Yuanqing, Chairman and CEO of Lenovo Group, recently revealed that Lenovo will fully embrace intelligence, not only develop colorful smart terminals, but also target smart IOT devices in different industries, but will also focus on supercomputing, cloud computing, and edge computing. According to him, six of the top ten cloud computing companies in the world are now Lenovo’s customers, and the company’s goal is to achieve at least nine within three years.
Comment: Among the listed companies, Rihai Communications is the largest supplier of physical connection equipment in China. It has made layouts in the field of edge computing equipment layer and has established long-term and stable cooperation with three major domestic operators and more than 30 overseas telecom operators. The company has a stake in Baicaipang, which is a domestic leader in combining VR with mobile edge computing, live video and mobile edge computing technologies. It has launched an end-to-end solution based on mobile edge computing. ZTE already has a complete edge computing solution, as well as core technologies and patents including virtualization technology, container technology, high-precision positioning technology, shunt technology, CDN sinking and other core technologies and patents. Neusoft Carrier mainly engages in low-voltage power line carrier communication products.
8, Indoor Navigation | It is reported that Apple announced that it had obtained several new patents later this week, covering areas such as flexible batteries, indoor navigation, and generating 3D effects on 2D screens. Due to the limitations of outdoor positioning technology, GPS technology cannot complete navigation indoors, and people's requirements for accuracy and speed. Coupled with the advent of the big data era, the application of indoor positioning navigation has become increasingly widespread.
Comments: Among listed companies, the "Xue Me" parking lot reverse car search system jointly developed by Jinzhi Technology and WeChat has been implemented in many places in Nanjing. The system uses Bluetooth communication to realize indoor navigation on mobile phones, which is better than the existing car search system and has promising prospects. By acquiring Lianrui Electronics, China Overseas has successfully entered the field of indoor positioning and is a scarce target related to indoor navigation positioning in the A-share market.
9, Precision Medicine | According to Xinhua News Agency, the tumor diagnosis and treatment team led by researcher Zhu Yimin of the Suzhou Institute of Nanometer, Chinese Academy of Sciences has recently screened out a new polypeptide sequence that can be used for tumor immunotherapy. This polypeptide provides a new tool for tumor immunotherapy. In recent years, immunotherapy has become a new hot spot in anti-tumor research and has become the fourth tumor treatment method after surgery, radiotherapy and chemotherapy. Compared with small-molecular chemicals, polypeptide drugs are often safer, have fewer side effects, and rarely cause serious immune responses.
Comment: Among the listed companies, Shuangcheng Pharmaceutical is a leading company in my country's polypeptide drugs. The immunomodulatory polypeptide product "Jitai" (thymus method for injection) is the company's leading product, ranking in the top three in the domestic market by sales. The company invested nearly 1.2 billion yuan in the research and development and production of anti-tumor drugs in Ningbo Hangzhou Bay New District. The main amino acid protectors and protective amino acids of Tianma Jinghua are the main intermediate products for synthetic polypeptide drugs.
10, Automobile Retail | On March 28, Tencent officially reached a strategic cooperation with the China Automobile Dealers Association. According to the agreement, both parties will give full play to their respective advantages in platforms, channels, services, etc., accelerate the intelligent upgrade of the automobile circulation industry, promote terminal customer experience optimization, and help dealers establish smart 4S stores.
Comment: Both parties will comprehensively enhance the information development level of the automobile circulation industry by achieving all-round empowerment of information management, operation optimization, data decision-making, and after-sales service, with deep integration and deep connection as the focus. Related concepts include Junsheng Electronics, High-Xinxing, etc.
Today's news preview
Japan's March manufacturing PMI, China's March Caixin Manufacturing PMI, and the United States' March ISM Manufacturing Index.
