[New stock subscription ]
- Hairong Technology: subscription code 300915, the maximum subscription requires a market value of 150,000 yuan, the subscription limit is 15,000 shares, and the subscription price is 70.03 yuan. The company mainly engages in baked food raw materials such as plant-based cream, chocolate, jam.
- Xiehe Electronics: subscription code 707258, the maximum subscription requires a market value of 80,000 yuan, the subscription limit is 8,000 shares, and the subscription price is 26.56 yuan. The company mainly engages in rigid and flexible printed circuit boards.
- Jianzhijia: subscription code 707266, the maximum subscription requires a market value of 130,000 yuan, the subscription limit is 13,000 shares, and the subscription price is 72.89 yuan. The company mainly engages in chain retail.
- Alice: The subscription code is 787578, the maximum subscription requires a market value of 140,000 yuan, the subscription limit is 14,000 shares, and the subscription price is 22.73 yuan. The company mainly engages in new drug research and development.
[Convertible bond subscription]
- Strong bond issuance: subscription code 370429, rating AA-, conversion value 101.69.
1. Global stock market
0 The epidemic continues to worsen, the new relief stimulus plan is far away, and the political prospects are unclear collective pressure is put on pressure, and the US stock market has given up positive vaccines and the rise in the positive growth rate is under pressure. Major European stock markets rose collectively. Japanese and Korean stock markets rose and fell in unevenly.
On Wednesday, the stock indexes of Shanghai and Shenzhen opened slightly lower, and after the opening, the stock indexes rose rapidly. However, the stock indexes then experienced extreme differentiation, among which the main board index maintained a high fluctuation during the day; while the ChiNext index continued to plunge. In the afternoon, the stock indexes in the market continued to perform poorly, and the main board also showed a plunge, and it turned red again in the late trading session.
The two markets had a total transaction volume of 821.8 billion yuan, a decrease of 31.7 billion yuan from the previous trading day. On the market, silicone, glyphosate, dyes, banks and other sectors ranked among the top in the gains, while beverage manufacturing, liquor concepts, medical beauty concepts and other sectors ranked among the top in the declines.
Overall, the stock indexes in the market continued to show differentiation on Wednesday. The weight of the main board, stocks, , performed well, while the stocks in the GEM performed poorly; but the market's money-making effect rebounded.
2. Trading water temperature evaluation
Market trading water temperature rises. The market is temporarily showing an extremely differentiated pattern, which is mainly reflected in: First, medical stocks, technology stocks, etc. that have continued to rise sharply in the early stage continue to maintain adjustments; and the large-scale consumption sectors such as brewing and home appliances that have performed well in the short term have also begun to adjust; but cyclical stocks that have rarely performed in the market in the past year have performed strongly recently, and have the potential to become one of the important main lines in the future. Second, the main board stock index and the GEM stock index have been clearly distinguished recently. The Shanghai Composite Index has maintained strong fluctuations, while the GEM has shown continuous declines. The market is still the kind of lack of sufficient popularity and continuous multi-production. The probability of market recurrence between 3300 points and 3400 points in the short term is high. The index direction continues to run in a large box, with the upper edge from 3400 points to 3450 points and the lower edge from 3180 points to 3120 points.
Institutional opinion speed reading
[Guangzhou Bandung: The market faces disturbances in institutional position adjustment and stock exchange] Judging from the current situation of institutional group sectors, it means that the logic of position adjustment and position reduction caused by the time window for institutional performance assessment is being fulfilled. Based on the funding rules of foreign capital and hot money, we believe that the impact of institutional adjustment and reduction of positions on the market is difficult to sustain. When allocated funds and high-risk prefer hot money recover, it is worth looking forward to supporting the spring market. We believe that investors can intervene in sectors with relatively sufficient valuation risks when they are low.
[Jufeng Investment Consulting: Pharmaceutical and liquor hit hard, and the "three pillars" of finance have surpassed it! Has the style really changed? 】 The most important boot in the fourth quarter is landed. Coupled with the strong fundamental support of the market and the release of previous adjustment risks, market risk preferences will rebound in a concentrated manner. With the accelerated recovery of economic fundamentals and a reasonable abundance of liquidity, the logic of the market's positive trend has not changed, and the structural market is still worth looking forward to.
3. Financial News
[Hot Spot]
⭐
18 proposed to implement the strategy of expanding domestic demand and further promote consumption. In terms of expanding automobile consumption, local governments are encouraged to increase license plate indicators and carry out a new round of automobiles going to the countryside and trade old for new ones. Promote home appliances and furniture consumption. Localities are encouraged to provide subsidies for eliminating old home appliances and furniture and purchasing green smart home appliances and environmentally friendly furniture.
⭐
November 18, the National Social Security Fund Council officially held the funds it managed and carried out the lending and lending business of securities transfer and financing, and will carry out the business through four brokerage agents. The loan target is some of the 300 Shanghai and Shenzhen stocks held by the Social Security Fund Council, two of which are agent securities companies, Shenwan Hongyuan and Industrial Securities .
⭐
Zhou Chengjun, director of the Institute of Finance of the People's Bank of China, said on November 18 that in the "China Macroeconomic Forum Macroeconomic Hot Issues Seminar (Issue 18)" that overall, my country's current market interest rate level is lower than the equilibrium level of natural interest rate. The market interest rate level is lower than the equilibrium natural interest rate level, which will bring about some distortion, resulting in the allocation of resources to some inefficient areas and will cause a certain degree of moral hazard. "From this perspective, I personally think there is not much room to lower interest rates now, which also provides some theoretical support for the People's Bank of China to maintain a normalized monetary policy."
Since the Yongmei default incident on November 10, 53 bonds have been cancelled, with a total scale of 28.5 billion. Compared with 6.45 billion in the second week of November, the surge exceeded three times, and many of the debt issuing entities involved were local platforms. While the issuance was cancelled, the face interest rate of bonds also rose. Among the bonds issued, 23 have interest rates exceeding 4%, and 2 of them even reach 7%.
The automobile market has obvious stock characteristics. Although the market space and potential are great in the medium and long term, the problems of market structure adjustment and momentum transformation are still very prominent at this stage.
If one dose per person in the world is one, billions of doses of vaccine transport will require 8,000 747 all-cargo aircraft, which will undoubtedly support the prosperity of air cargo. In addition, vaccine transportation also requires consideration of the availability of temperature control facilities and equipment, as well as staff receiving vaccine processing time and temperature-sensitive training.
Wang Dayan, director of the National Influenza Center, said that according to the latest influenza monitoring network data, the current national influenza epidemic level is relatively low this year, and it is expected that there will be no major epidemic during the peak period of January in previous years.
8. The Traders Association initiated a self-discipline investigation on Haitong Securities and its related subsidiaries.
Recently, the Traders Association conducted a self-discipline investigation on Yongcheng Coal and Electricity Holding Group Co., Ltd. Based on the clues obtained from the investigation and combined with relevant market transaction information, it was found that Haitong Securities Co., Ltd. and its related subsidiaries were suspected of providing assistance to issue bonds in violation of regulations, as well as suspected of market manipulation and other violations, involving non-financial enterprise debt financing instruments in the interbank bond market and corporate bonds in the exchange market. In accordance with the "Rules on Self-Discipline Punishment of Interbank Bond Market", the association will conduct a self-discipline investigation of Haitong Securities Co., Ltd. and its related subsidiaries.
9, Gao Yi responded to the rumor that the company strictly adhered to the bottom line of compliance, and the questioning of changes in individual stock positions is a misunderstanding.
November 18, the relevant person in charge of Gaoyi Asset said that Gaoyi and his fund managers under their name have not been investigated, assisted in investigations or received other regulatory measures in any form; the company and its fund managers are currently maintaining normal operation and working conditions. Recent rumors are false, including online rumors that questioning changes in individual stock positions is a misunderstanding, because the company is inconvenient to explain the details because it involves regulatory compliance requirements; but it can be clearly stated that the company strictly adheres to the bottom line of compliance, and all investment and transaction operations are strictly implemented in accordance with regulatory requirements, and there are no illegal and irregular behaviors. The company has asked a lawyer to collect evidence and reserves the right to hold the rumor-mongers legally responsible.
Shanghai State-owned Assets Supervision and Administration Commission recently formulated the "Action Plan for the City's State-owned Assets and State-owned Enterprises Actively Invest in the Construction of the Lingang New Area of the Shanghai Free Trade Zone (2020-2022)". According to the action plan, from 2020 to 2022, Shanghai's state-owned assets and state-owned enterprises will implement 100 key projects in the Lingang New Area, with an additional investment of 300 billion yuan, and strive to create three first-class entities, namely first-class development and construction entities, first-class industrial development entities, and first-class financial service entities.
[Industry Observation]
1, State Council Executive Meeting : Deployment to boost key consumption of bulk consumption and promote the release of rural consumption potential. stabilizes and expands automobile consumption, encourages local governments to adjust and optimize purchase restrictions, carry out a new round of automobiles going to the countryside and trade-in for old, strengthen the construction of parking lots, charging piles and other facilities; promote home appliances, furniture and home improvement consumption; boost catering consumption; and use expanding county and township consumption as a starting point to drive rural consumption.
2, Apple : launches a new "commission" policy for small businesses and independent developers. Developers' annual revenue in the App Store app store is less than US$1 million, and their commission will be reduced to 15%, which is half the commission compared with the previous 30%. The plan will be officially launched on January 1, 2021.
3, Postal Bureau: has always attached great importance to personal information protection , and has always been very clear about issues such as information leakage. Everything is subject to the policies and statements previously announced. Previously, special operations have been carried out to crack down on the leakage of delivery service information. For delivery companies, further measures should be improved and the main responsibility of delivery companies to ensure information security is fully implemented.
4, UK Financial Times : Panasonic plans to enter Europe to establish its first battery factory in Norway . Panasonic is trying to take advantage of the opportunity to successfully supply Tesla to win more business from European automakers, planning to work with Norwegian oil and gas giant Equinor and aluminum company Norsk Hydro to study expanding its battery business in Europe. Panasonic has set up the world's largest battery factory with Tesla in the United States Delaware .
5, Global Network : Monster Charging and Shanghai Disney Resort announced that it has become a strategic alliance agreement for several years. Monster Charging has become the first official partner of Shanghai Disney Resort and exclusive shared charging service. Monster Charging will set up more than ten shared charging service points in the resort, covering Shanghai Disneyland and resort theme hotels. The two parties will also establish long-term and stable cooperation in charging services, brand linkage, etc.
6, Didi President Liu Qing : The driverless taxi launched by Didi has received good responses, and delivering food from drones will be a good solution during the epidemic. However, it will take some time to become feasible in business.
7, Disney : Disney+ will be launched in Caribbean and Latin America for the first time. After the 7-day free trial, most users will pay between $5 and $6 a month, or $50 and $60 a year to continue using the service. Users in some countries like Uruguay will pay a higher fee, paying $7.49 per month or choosing to pay $74.99 per year.
[Overseas]
1, US Treasury Department: In September, Japan's holdings of US Treasury bonds fell by US$2.2 billion to US$1.276 trillion, still the largest creditor of the United States; China's holdings of US dollars decreased by US$6.3 billion, down four consecutive months to US$1.062 trillion, setting a new low since February 2017, and remained the second largest creditor of the United States.
2, IIF: is expected to rise to US$277 trillion this year.
3, New York City announced that it will immediately stop offline teaching in public schools. New York Mayor De Blasio announced on social media in the afternoon on Wednesday that due to the 7-day average confirmed positivity rate of more than 3%, all public schools in New York City will stop teaching offline starting from Thursday local time. Previously, Boston , Philadelphia , Las Vegas and Detroit have announced similar school closure measures. As of Tuesday local time, there were more than 75,000 new crown patients hospitalized in the United States, setting a new high in this round of epidemic.
4, Wisconsin announced that Trump's camp has applied to recalculate the votes in some regions. The Wisconsin Election Commission announced Wednesday that it has received $3 million in recount fees from Trump's camp and will recount the votes in Milwaukee and Dane County as per his application. It is reported that if Trump wants to recalculate all votes in Wisconsin, it will cost a total of $7.9 million.
4. Hot Spot Sniper
graphite electrode price: Baichuan Information Data shows that graphite electrode prices have continued to rebound recently, with an increase of more than 3% on the 18th, with an increase of 500-1,000 yuan per ton, with a cumulative increase of nearly 15% since September.
target: Fangda Carbon (600516), Yicheng New Energy (300080)
Automobile: html The State Council Executive Meeting held on the 28th proposed to implement the strategy of expanding domestic demand and further promote consumption. In terms of expanding automobile consumption, local governments are encouraged to increase license plate indicators and carry out a new round of automobiles going to the countryside and trade old for new ones.
target: Foton Motor (600166), Guansheng Co., Ltd. (605088), Changhua Co., Ltd. (605018)
Chicken seedlings : As the northern hemisphere enters winter, many European countries have experienced an outbreak of avian influenza outbreak. According to foreign media reports, recently, 25,000 chickens were to be killed in the chicken farm in Lannes, Denmark because they were infected with severe H5N8 avian influenza. This means that the export of poultry and eggs to countries outside the EU will be stopped for at least three months. The French Ministry of Agriculture and Food confirmed cases of avian influenza on the same day. Previously, avian influenza viruses also appeared in Belgium , Netherlands , Russia, Ireland , the United Kingdom and other countries.
target: Shengnong Development (002299), Yisheng Co., Ltd. (002458)
Bisphenol A: It is reported that bisphenol A has risen for more than a month since about 12,000 yuan/ton in early October. The current reference price of the East China market is 18,000 yuan/ton, with an increase of 50% in more than a month. The price of bisphenol A has also hit a record high. Since 2017, the historical peak of bisphenol A prices was in July 2018, with prices around 15,200 yuan/ton. Due to the low BPA inventory and the surge in downstream resins, it is expected that BPA will continue to maintain an upward trend in the short term.
target: Puyang Huicheng (300481), Sinochem International (600500)
55. Announcement highlights
[Individual stock gold rush]
- square big carbon (600516) ultra-high power Φ750mm graphite electrode was successfully launched, marking that the company has achieved a new breakthrough in the field of graphite electrode products.
- Yian Technology (300328) subsidiary Opute is a rising star in the field of new silicone materials.
- Golden Dragon Fish (300999) and Henan Provincial Department of Commerce signed a strategic cooperation framework agreement, and it is expected to invest 8 billion yuan in Henan in the next 3-5 years.
- 0,000 Liyang (002434) plans to acquire 100% of the equity of Liaoning Yixing Auto Parts Company for 234 million yuan.
- Camel Co., Ltd. (601311) plans to participate in the establishment of an industrial investment fund for 295 million yuan.
- Xinfengming (603225) has an annual output of 600,000 tons of intelligent and low-carbon differential fiber project.
- Colum Pharmaceutical (002422) Sodium parecoxib for injection was evaluated by generic drug consistency.
- Aiying Room (603214) plans to acquire 48.53% of Nantong Xingai's equity and achieve wholly-owned control.
- Shanxi Fenjiu (600809) plans to acquire 51% of the equity of the development zone company held by Fenjiu Group .
- China Steel International (000928) signed an EPC general contract for coal-fired power station project of 7.269 billion yuan, which is 54.19% of the company's audited operating income in 2019.
[Daily Minesweeping]
- Boteng Co., Ltd. (300363) holds a total of 32.06% of the controlling shareholder and actual controller, Mr. Ju Nianfeng, Mr. Tao Rong and Mr. Zhang Hebing, intend to reduce their holdings of 5.24% of the company's shares.
- Huichangtongx (300578) controlling shareholder has reduced his holdings by a total of 4.59% of his shares.
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- Kehua Bio (002022) shareholder Tang Weiguo's plan to reduce his holdings by 14.9312 million shares.
- Longmang Baili (002601) Yuxin xylose has accumulated a total of 13 million shares to reduce its shareholdings by 13 million shares.
[Hot data 13 stocks have net inflows of large orders exceeding 200 million yuan]
On Wednesday, the Shanghai and Shenzhen stock markets had a net outflow of 6.413 billion yuan throughout the day, a total of 1,269 stocks had net inflows and 1,875 stocks had net outflows.
From the perspective of 28 Shenwan first-level industries, the net inflow of large orders in 6 industries, and the scale of net inflow of large orders in banks ranked first, with net inflow of 3.204 billion yuan. The industry index rose by 2.31% today, followed by non-bank finance, which rose by 0.99% today, with net inflow of 1.038 billion yuan. The leading industries inflow of chemicals, real estate and other industries are also in the industry.
Specifically for individual stocks, the net inflow of 13 stocks exceeded 200 million yuan, and the net inflow of BOE A was 1.005 billion yuan, ranking first in the scale of net inflow of funds; China Ping An was 863 million yuan, ranking second; the net inflow of funds ranked first in the net inflow of funds include Industrial Bank , Xiamen Bank , Vanke A, etc.
[Suspension and Resumption]
Suspension: Shagang Co., Ltd.
Resumption: No
[Resolution of ban]
6. Revealing the daily limit
trunk number of institutions reduced from 8 to 5.
8. Foreign investment transactions
Shanghai Stock Connect funds flow to
Shenzhen Stock Connect funds flow to
Investment calendar
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