Foreign exchange bureau: China's foreign exchange market remained stable in August, and foreign exchange supply and demand were basically balanced.
The draft pre-school education law is open for comments.
Market review
Market Comments: The three major indexes hit recent lows, waiting for the market to stabilize and rebound.
Machinery and equipment: the construction machinery and manufacturing industry continue to prosper, and they are optimistic about leading enterprises with low valuation and high growth.
New stock tips
1, Deli shares, subscription code 707 198, subscription price 7.60 yuan;
2. Huiyun Titanium Industry, the subscription code is 300 89 1, and the subscription price is 3.64 yuan;
3. Xiang Fenghua, the purchase code is 300 890, and the purchase price is 14.69 yuan;
4. Potted shares, purchase code 003002, purchase price 8.22 yuan;
Futures information
Metal energy: gold 4 15.96, up 0.03%; Copper 52500, up 0.46%; Rebar 3750, down 0.03%; Rubber 12520, up by 0.00%; The PVC index was 6595, down 0.30%; Zheng Chun 2054, down by 0.29%; Shanghai Aluminum 145 10, up by 0.52%; Shanghai Nickel 1 19 190, down 0.23%; Iron ore 864, up 0.70%; Coke was 2032.5, up 0.15%; Coking coal 1278.0, down 0.62%; Brent oil was 42.05, down1.43%; Glass 1753, down 0.23%; Liquefied petroleum gas 3,523, an increase of 0.74%; Rubber sheet is 235.85, up1.11%; Soda 1789, down 0.17%; PP 7943, up 0.66%;
Agricultural products: soybean oil 6908, up 2.10%; Corn 2345, up 0.52%; Palm oil 5944, up1.54%; Zheng Mian 12935, up 0.15%; Zhengmai 26 19, down 0.15%; Sugar 5224, up 0.91%; Apple 6880, up1.34%; Jujube 10250, up1.59%; Douyi 4507, down 0.04%; Rapeseed 568 1, up1.14%;
Exchange rate: Euro/USD 1. 18 13, down 0.23%; USD/RMB 6.8330, down 0.05%; USD/HKD7.7501,down 0.0 1%.
(The above futures data are from Shanghai Futures Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange)
Main recommendations
1. foreign exchange bureau: China's foreign exchange market maintained a stable operation in August, and foreign exchange supply and demand were basically balanced.
The foreign exchange bureau said on September 7 that by the end of August 2020, the scale of China's foreign exchange reserves was $3164.6 billion, an increase of $654,380.2 billion or 0.3% compared with the end of July. In August, China's foreign exchange market remained stable, and foreign exchange supply and demand were basically balanced. In the international financial market, influenced by the monetary policy expectations and macroeconomic data of major economies, non-US dollar currencies generally rose against the US dollar, and asset prices rose and fell. Due to the comprehensive influence of exchange rate conversion and asset price changes, the scale of foreign exchange reserves increased in the month.
At present, the global epidemic has not been completely controlled, and there are still many unstable and uncertain factors in the international economic and financial fields. However, China's stable economic recovery and sustained good development will continue to push forward deeper reforms, implement a higher level of opening up, and accelerate the formation of a new development pattern with domestic big cycles as the main body and domestic and international double cycles promoting each other, which will continue to support the overall stability of foreign exchange reserves.
Source: Securities Times Network
Comments: With the continuous entry of foreign capital in recent years, the influence of foreign capital on the A-share market is growing. The stability of foreign exchange market and foreign exchange reserves is an important factor to ensure the stability of capital market. The stable recovery and sustainable development of China's economy will continue to support the overall stability of foreign exchange reserves and the stable development of the A-share market.
(investment consultant? Jin Cai? Certificate number of registered investment consultant: S02606 1 1090020)
2. The draft preschool education law is open for comments.
On the 7th, the website of the Ministry of Education published the "People's Republic of China (PRC) Preschool Education Law (Draft)" (draft for comments), which was open to the public for comments. The draft for comment is intended to clarify that kindergartens are not allowed to teach educational content in primary schools, and they are not allowed to carry out activities that violate the laws of preschool children's physical and mental development.
The exposure draft is divided into nine chapters, including general rules, preschool children, planning and holding of kindergartens, conservation and education, teachers and other staff, management and supervision, investment and guarantee, legal responsibilities and supplementary provisions, with a total of 75 articles.
The exposure draft is intended to clarify that preschool children are not allowed to organize any form of examinations or tests when they enter preschool education institutions such as kindergartens to receive preschool education. Kindergartens should equip children with toys, teaching AIDS and picture books that meet the relevant national and local standards, and textbooks are not allowed. No organization or individual may organize preschool children to participate in commercial activities, competitions and other activities that violate the age characteristics and the laws of physical and mental development of preschool children.
The exposure draft proposes that kindergartens should conduct background checks before hiring teachers, nurses, medical staff or other staff. Circumstances that prohibit practicing include: being deprived of political rights or having a criminal record; Being punished by public security administration or administrative sanctions for child abuse, sexual assault and sexual harassment; There are records of illegal or bad behaviors such as drug abuse, alcoholism and gambling; Suffering from mental illness or having a history of mental illness; There are serious violations of teachers' ethics; There are other situations that may endanger children's physical and mental safety and are not suitable for preschool education.
The exposure draft also proposed that public kindergartens should not be converted into private kindergartens. Public kindergartens shall not hold or participate in the holding of for-profit private kindergartens and other educational institutions. Kindergartens may not be directly or indirectly listed as enterprise assets.
Source: Xinhua News Agency
Comments: Kindergartens may not be directly or indirectly listed as corporate assets, which is not necessarily good news for companies that hold or invest in kindergarten-related assets. Although it is only a draft for comments, we should pay attention to the fluctuation risk of related stocks.
(investment consultant? Jin Cai? Certificate number of registered investment consultant: S02606 1 1090020)
Market review
1, market comments: The three major indexes hit a recent low, waiting for the market to stabilize and rebound.
On Monday, the market indexes of the two cities fluctuated and closed down. The total market turnover was1021500 million, significantly larger than last Friday. Specifically, the Shanghai Composite Index closed down 1.87% at 3,292.59 points; The Shenzhen Component Index fell 2.73% to close at 13284; The GEM index fell 3.33% to close at 264 1.2.
On the surface, except for the third-generation semiconductor stocks and low-priced stocks on the Growth Enterprise Market, stocks in other sectors generally showed a downward trend. From the trend point of view, the three major indexes have all hit new lows in recent years, and they are in the form of heavy volume, which has a certain impact on market sentiment in the short term. It is expected that the market will be dominated by weak shocks in the short term.
In operation, the trading volume of GEM has been basically the same as that of Shanghai Composite Index, and short-term GEM stocks will continue to be partially active, but it is not recommended to chase GEM stocks without logical support; It is not recommended to maintain a high position in the position, and then gradually increase the position after the market stabilizes and warms up; In terms of opportunities, focus on cyclical stocks with low positions and low valuations and stocks that start to walk independently at the bottom.
(Investment consultant Yang Dong? Certificate number of registered investment consultant. :S02606 15080007)
2. Machinery and equipment: the construction machinery and manufacturing industry continue to have a high prosperity, and they are optimistic about the low valuation and high growth leaders.
In August, the sales of excavators were strong: in August, the excavator industry sold 20,939 sets, up by+565,438+0.3% year-on-year. The domestic sales (including Hong Kong and Macau) were 65,438+08,076 sets, up by +56.3% year-on-year, and 2,863 sets were exported, up by+25.7. During the period of1-August, the cumulative sales volume was 2 10474 sets, with a cumulative increase of 28.8%. Domestic sales volume 190222 sets, with a cumulative increase of 29.7%, and export volume of 20252 sets, with a cumulative increase of 20.8%, reaching a record high in the same period. It is estimated that the annual sales volume of excavators is expected to reach 300,000 units.
Source: TF Securities research report.
Comments: Structurally, China Digging has picked up significantly in the past two months, and the growth rate has picked up. It is expected that the main reason is that the large-scale infrastructure projects approved in the previous May have started to enter the construction stage, which has driven the demand for medium excavation. Coupled with the emergency repairs after the rainy season, it is expected that the construction machinery will still maintain a high degree of prosperity in September.
(Investment consultant Yang Dong? Certificate number of registered investment consultant. :S02606 15080007)