Xiao Gang put forward three suggestions on promoting the development of infrastructure public offering REITs.
2022 Tsinghua Wudaokou Global Financial Forum was held in Beijing. Xiao Gang, member of Chinese People's Political Consultative Conference and former chairman of China Securities Regulatory Commission, said at the forum that since the official listing of infrastructure REITs, the market has been running smoothly and achieved remarkable results, which has been widely recognized by the market and the pilot demonstration effect is good. He said that it should be noted that China's public offering of REITs is in the pilot stage of expansion, and it is necessary to thoroughly sum up practical experience and put forward three suggestions to promote its healthy development. First, study and amend relevant laws or formulate separate regulations. Second, optimize the operation mechanism. Third, strengthen investor education.
Zhou Xiaochuan: The digital RMB in China is designed for retail, not to replace the US dollar.
Zhou Xiaochuan, president of the China Finance Association and former president of the People's Bank of China, said at the Wudaokou Global Finance Forum in Tsinghua 2022 that digital currency, at least China's e-CNY was designed for retail, for the convenience of people and merchants, not to replace the US dollar, so since it was not designed according to that goal, it may be untenable to be given this function suddenly. Of course, it is not ruled out that e-CNY may have the prospect of cross-border payment in the future, but I estimate that it is mainly retail and cross-border retail applications and will not be easily used as a military weapon.
China Manned Space Engineering Office: Shenzhou 13 manned mission has achieved all the established mission objectives.
Hao Chun, director of the China Manned Space Engineering Office, said that the crew of Shenzhou XIII flew in orbit for 183 days, setting a record for the longest continuous flight time of China astronauts. At present, three astronauts are in good health and are undergoing flight rehabilitation at the Astronaut Center. At the meeting, he first reviewed the main process of Shenzhou XIII mission: 202116, Shenzhou XIII manned spacecraft was launched from Jiuquan Satellite Launch Center, docked with the core module of the space station, and three astronauts were stationed in the core module. During the on-orbit period, the Shenzhou XIII flight crew took care of and maintained the core cabin facilities and equipment as planned, carried out two extravehicular activities, carried out space science experiments and technical experiments, and conducted two "Tiangong Classroom" space lectures and other activities.
Liu Kun: Promote the sustained recovery of consumption and systematically promote the construction of sponge cities in the whole region.
Liu Kun, Minister of Finance, published an article in Qiushi entitled "Keeping the word steady, striving for progress while maintaining stability, and implementing a proactive fiscal policy". According to the article, fully tap the potential of domestic demand and promote regional coordinated development and new urbanization. Make good use of national debt, expand effective investment, and support project construction in transportation, energy, water conservancy and other fields. We will improve the support policy system for education, old-age care, medical care, old-age care and housing, and promote the sustained recovery of consumption. Implement policies such as subsidies for the purchase of new energy vehicles and exemption from vehicle purchase tax to promote the consumption of new energy vehicles. Support the construction of county commerce and expand rural consumption. Make overall plans to promote the construction of sponge city. Support the transformation of a number of old urban communities and promote urban renewal in an orderly manner.
After the social situation was cleared, Jilin quickly began to resume work and production.
On June 6, 65438, Jilin Province held a press conference on epidemic prevention and control. It was announced at the meeting that the epidemic situation in Jilin Province was basically stable, which created a prerequisite for promoting epidemic prevention and control and overall economic and social development. Automobile industry is an important pillar industry in Jilin province, and it is of great significance to take the lead in realizing the resumption of work and production. In the middle and late March, Jilin Province began to promote FAW and its upstream and downstream enterprises in the industrial chain to resume work and production in a planned way. At present, Hongqi Ulsan Factory has taken the lead in resuming production, and 47 first-batch suppliers have also resumed production simultaneously. Other OEMs have prepared for the resumption of production in advance and will resume production in batches and in an orderly manner. The reporter learned from the meeting that in order to strengthen the transportation guarantee work during the resumption of work, the Jilin Provincial Department of Transportation has set up a special work class, and set up five hotlines to be answered by special personnel to promptly accept and coordinate and solve the problem of cross-provincial transportation obstruction. 8 1 in expressway, Jilin Province, the service area is operating normally, providing drivers and passengers with basic services such as refueling, catering and going to the toilet.
(Investment consultant: Lin, practice certificateNo.: S02606 15 100004)
Second, the focus of market hotspots
Market comment: exchange time for space and tap long-term certainty.
The market fluctuated on Friday, and the three major indexes all fell slightly. The Shanghai Composite Index fell 0.45% to close at 32 1 1.24, the Shenzhen Component Index fell 0.56% to close at 1 1648.57, and the Growth Enterprise Market Index fell 0.24% to close at 2460.36. In terms of sectors, household goods, ships and banks were among the top gainers, while tourism, warehousing, logistics and coal had more callbacks. After the sharp fluctuation in March, under the background of prudent contraction policy, more and more steady growth policies were implemented, and the market gradually entered the stage of shock consolidation. However, due to many uncertain factors such as epidemic situation, economy and periphery, repeated market shocks are inevitable. However, at this stage, the allocation value of a number of high-quality leading companies with adjusted valuations has gradually attracted the attention of funds, and the effect of superimposed steady growth policies has gradually emerged. Structural opportunities under the catalysis of fundamentals may be getting closer and closer, with investment value and fundamentals.
(Investment Consultant Wang Huaibei registered investment consultant certificate number. :S02606 15030009)
Macroscopically, the central bank lowered the deposit reserve ratio by 0.25 percentage points and released about 530 billion yuan of long-term funds.
Event: In order to support the development of the real economy and promote the steady decline of comprehensive financing costs, the People's Bank of China decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on April 25, 2022 (except for financial institutions that have implemented the deposit reserve ratio of 5%). In order to increase support for small and micro enterprises and "agriculture, rural areas and farmers", the deposit reserve ratio of urban commercial banks and rural commercial banks that do not operate across provinces is lowered by 0.25 percentage point, and another 0.25 percentage point is lowered. After this reduction, the weighted average deposit reserve ratio of financial institutions is 8. 1%.
Source: People's Bank website
Comments: In 2022, under the external environment of tight liquidity, the management was cautious about the adjustment of monetary policy. The long-term funds released by RRR interest rate cut are about 530 billion yuan, mainly aimed at optimizing the capital structure of financial institutions, increasing the long-term stable sources of funds for financial institutions, enhancing the ability of financial institutions to allocate funds, and increasing support for the real economy; Guide financial institutions to actively use RRR to reduce funds and support industries and small and medium-sized enterprises seriously affected by the epidemic. From the historical data, the short-term performance of the secondary market after RRR cut has no obvious regularity, and the adjustment of monetary policy is more of a medium-term impact on the macro level and corporate fundamentals.
(Investment Consultant Wang Huaibei registered investment consultant certificate number. :S02606 15030009)
Household appliances industry: consumption promotion policies have been introduced one after another, and terminal demand may be gradually released.
Event: Since the end of 20021,the government has repeatedly mentioned stabilizing growth and promoting consumption, among which household appliances consumption is a key area. On February 8, 20021/KLOC-0, the National Development and Reform Commission and the Ministry of Industry and Information Technology issued the Notice on the Implementation Plan for Revitalizing Industrial Economic Operation and Promoting High-quality Industrial Development, encouraging qualified areas to carry out home appliances trade-in and smart home appliances to the countryside. On June 5438+1October 65438+April, 2022, the National Development and Reform Commission issued the Notice on Doing a Good Job in Promoting Consumption in the Near Future, once again promoting green smart home appliances to the countryside where conditions permit, supporting the activities of "old-for-new" and "old-for-new" and encouraging the rational renewal of home appliances. On March 5, 2022, Premier Li Keqiang proposed at the Fifth Session of the 13th National People's Congress to continue to encourage local governments to carry out green smart home appliances to the countryside and trade in old ones. On April 13, 2022, Premier Li Keqiang pointed out at the the State Council executive meeting that it is necessary to stabilize current consumption, release consumption potential and expand mass consumption in key areas such as household appliances.
Source: GF Securities Research Report
Comments: In the past two quarters, the offline retail data of the home appliance industry was low. However, with the introduction of policies to promote consumption, the demand for urban household appliances renewal and the demand for rural household green appliances popularization are expected to be released, which will drive offline consumption to pick up to some extent, and the profitability of enterprises is expected to improve. After all, the impact of the epidemic is a short-term factor. As an important carrier in the field of consumption, the home appliance sector will gradually show its long-term configuration value.
(Investment Consultant Wang Huaibei registered investment consultant certificate number. :S02606 15030009)
Third, the new share subscription tips
The subscription code of Grid Transformer Electric is 732 19 1, and the subscription price is 1 1.86 yuan.
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Four. Key stock recommendation
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