In August, foreign exchange reserves were 3 1 1 trillion dollars, a decrease of 8.23 billion dollars from the previous month.
Ministry of Finance: Increase the export tax rebate rate for integrated circuits and other products.
Market review
Market Comments: After continuous heavy volume, the market may rebound, and light warehouse investors can properly grasp the opportunity of bargain hunting.
Macro perspective: China's exports in August (in RMB) increased by 7.9% year-on-year, with an expected 5.7% and a previous value of 6%.
Brokers: In August, the income of nearly half of listed brokers fell by more than 50%.
Futures information
Metal energy: gold 266.8, down 0.11%; Copper 47650, down 0.06%; Rebar 4240, up 0.71%; Rubber 120 15, up by 0.46%; The PVC index was 68 15, down by 0.37%; Zheng Chun 3372, up1.69%; Shanghai Aluminum 14735, up by 0.48%; Shanghai nickel 10 1900, down 0.31%; Iron ore 502, up 0.20%; Coke 24 1 1, up 0.35%; Coking coal 1293, up by 0.90%; Crude oil 5 17.2, up 0.04%;
Agricultural products: soybean oil 5852, down 0.24%; Corn 1936, down 0.21%; Palm oil 4890, down 0.41%; Cotton 16640, up by 0.33%; Zheng Mai 2580, down 0.00%; White sugar 4935, down 0.44%; Apple 1 1766, up1.27%;
Exchange rate: Euro/USD 1. 1553, down 0.60%; USD/RMB 6.8682, up 0.37%; USD/HKD7.8496, up 0.0 1%.
New stock tips
No.
Main recommendations
In June, June and August, foreign exchange reserves were 3. 1 1 trillion dollars, a decrease of 8.23 billion dollars from the previous month.
From August, the foreign exchange reserves were 310971600 million dollars, compared with the previous value of 311794.6 billion dollars, and the foreign exchange reserves decreased by 8.23 billion dollars compared with August. In August, the foreign exchange reserve was 2.21902.5 billion SDR, and the previous value was 2.21938.9 billion SDR.
At the end of August, the gold reserve was 59.24 million ounces, and at the end of July, it was 59.24 million ounces. At the end of August, the gold reserve was $7 1.228 billion, and at the end of July, it was $72.324 billion.
Comments: In August, the overall supply and demand of China's foreign exchange market remained stable, and cross-border capital flows were basically balanced. Uncertainties such as global trade friction and geopolitical and economic situation continue to ferment, and the US dollar index fluctuates. Under the combined effect of these factors, the scale of foreign exchange reserves declined slightly. Under the condition that the US dollar index remains strong, the pressure on foreign reserves and exchange rate will increase, which will inevitably bring some pressure to the trend of A shares. This news has a slight negative impact on the whole market.
(Investment Consultant Jin Cai Registered Investment Consultant CertificateNo.: S02606 1 1090020)
2. Ministry of Finance: Increase the export tax rebate rate for integrated circuits and other products.
The Ministry of Finance issued a notice on increasing the export tax rebate rate of electromechanical cultural products, increasing the export tax rebate rate of multi-component integrated circuits, non-electromagnetic interference filters, bookcases, newspapers and other products to 16%, and increasing the export tax rebate rate of bamboo carvings, wooden fans and other products to13%; Increase the export tax rebate rate of basalt fiber and its products, safety pins and other products to 9%. This notice shall be implemented as of September 65438+.
Comments: The Ministry of Finance will increase the export tax rebate rate of electromechanical cultural products such as integrated circuits, book boxes and newspapers, which will help improve the performance of listed companies in related industries and benefit listed companies in this kind of industry. It is expected that stocks mainly related to integrated circuits and other related industries will be active in the short term.
(investment consultant Jin Cai registered investment consultant certificate number. :S02606 1 1090020)
Market review
1, market comments: After continuous heavy volume, the market may rebound, and light warehouse investors can properly grasp the opportunity of bargain-hunting.
On Friday, the market surged back and forth, repeatedly oscillating. The Shanghai Composite Index closed at 2,702 points, up 0.4%, and the daily line closed out with a long shadow line. The GEM index closed at 1425, up 0. 17%. The turnover between the two cities was 272 billion yuan, an increase of 22.4 billion yuan from Thursday. In terms of sector index, coal, tourism, insurance, wine making, medicine, construction, daily chemicals, steel, building materials, food and beverage, household goods, real estate and so on. Among the top gainers, IT equipment, software, communication equipment, semiconductors, Internet and aviation were among the top losers.
On Friday, two pieces of news had a huge impact on the market. First, the State Council announced that reducing the social security rate will not increase the burden on enterprises. Second, the Ministry of Commerce said that it would resolutely counter the US tariff increase. The former is positive, stimulating the intraday rise of the Shanghai Composite Index1.37%; The latter is negative, which makes it difficult for the market to let go of the concern that the US imperialists will impose a tariff of 200 billion US dollars on goods and seriously escalate the trade war. The rise of the broader market triggered a surge in short-term selling, which led to the market falling back. The biggest change in Friday's handicap is that the short-term selling pressure of the technology sector, which has been strong recently, has increased sharply, and blue-chip and consumer white-horse stocks have rebounded significantly. The low turnover shows that the market still lacks incremental funds, or the stock funds are rolling between the technology sector and the blue-chip white horse stocks, and the seesaw effect is still there. The market volatility has intensified this week, which is related to the shadow of the escalation of the trade war. However, overall, the resilience of the market has increased. When the negative information is gradually digested by the market, once the negative information is cashed, the negative effect is expected to reappear, and the market funds will win a round of rebound. The middle and late September will be an important time window. In operation, wait and see until the news is clear, select stocks, and moderately grasp the opportunity of bottoming out after the boots land. Blue-chip white horse stocks and technology growth stocks are still the focus.
(The investment consultant has registered the investment consultant certificate number: S02606 130900 15)
2. Macro perspective: China's exports in August (in RMB) increased by 7.9% year-on-year, with an expected 5.7% and a previous value of 6%.
China's exports in August (in RMB) increased by 7.9% year-on-year, with an expected 5.7% and a previous value of 6%; Import growth 18.8%, expected 12. 1%, the previous value was 20.9%; Trade surplus179.75 billion yuan, narrowed by 34.2%. From June 5438 to August, China's trade surplus with the United States increased by 7.7% to 1.24 trillion yuan. In the first eight months, China's import and export to major markets such as the European Union, the United States, ASEAN and Japan all increased.
Comments: China's export data in August was 7.9%, slightly higher than expected, but significantly slower than the previous1-July 12.6%. In addition to the impact of the trade war, it is also related to the economic slowdown in Europe and the sharp fluctuations in the fundamentals of emerging economies. It is predicted that it will be difficult for China's exports to resume double-digit growth in the future, and many export-oriented enterprises will have to prepare for the winter in the future.
(The investment consultant has registered the investment consultant certificate number: S02606 130900 15)
3. Brokers: In August, the income of nearly half of listed brokers fell by more than 50%.
The performance of listed brokers in August is a "miserable" word. Among the 27 brokers, except Zheshang Securities, the other 26 have experienced different degrees of decline. From the perspective of decline, the decline of 20% and 30% was relatively small, and 20 brokers fell by more than 40%, of which 13 fell by more than 50%.
Among them, CITIC Securities, Guotai Junan, Shenwan Hongyuan, Huatai Securities, China Merchants Securities and Haitong Securities earned more than 600 million yuan. It is worth noting that compared with July, the performance of the top five has changed. CITIC Securities returned to the first place with revenue of165438+200 million yuan, Shen Wan Hongyuan lost to the third place Guotai Junan Securities with a slight gap of 39 million yuan, and Haitong Securities was squeezed out of the top five by China Merchants Securities with an advantage of 37 million yuan.
Investment Comments: The performance of brokers is a direct response to market conditions. This year's IPO has slowed down, the market is bleak, and the turnover has been sluggish for a long time, which has a direct impact on the performance of securities firms. However, since the beginning of this year, the head effect of brokers has gradually emerged. Leading brokers will continue to distance themselves from backward brokers by virtue of business diversification and scale effect. It is expected that the depressed market will continue for some time. Large brokers will take advantage of platform and scale, which is expected to accelerate industry integration, and the industry head effect will become more and more obvious in the future.
(The investment consultant has registered the investment consultant certificate number: S02606 130900 15)
Statement: Company announcements, stock information, investment suggestions, research reports, strategy reports and other information provided by the Company are for reference only and do not constitute a bid or inquiry for securities trading. Investors should check them before using them at their own risk. The above information provided by our company strives to ensure the accuracy and completeness of the data, and does not guarantee that the latest changes have been made. Please refer to the information published by listed companies. Investors should make their own investment decisions, and the company will not bear legal responsibility for property losses caused by investors relying on the above information for investment decisions. Without the consent of our company, no organization or individual may reprint, publish, copy or abridge or modify the above information provided by our company in any form.