Main recommendations
In the first 10 months, the total import and export volume of services reached a new high, continuing the steady and positive trend.
The science and technology innovation board is getting closer and closer, and the securities industry is welcoming good results.
Market review
Market Comments: The market remains relatively strong, and it is suggested to focus on the opportunities of low valuation and tax reduction flexibility.
Macro view: onshore and offshore RMB continued to rise against the US dollar, both breaking the 6.84 mark.
Glass fiber industry: trade friction has eased slightly, and the industry may benefit. Pay attention to the opportunities of leading stocks in related industries.
Futures information
Metal energy: gold 278.05, down 0.11%; Copper 49680, down 0.76%; Rebar 3457, up1.14%; Rubber11110, down 0.80%; The PVC index was 6495, up by 0.78%; Shanghai aluminum 13835, up 0.11%; Shanghai Nickel 9 1830, up 0.16%; Iron ore was 482.0, up1.90%; Coking coal 13 16.0, up1.08%; Coke 2 137.5, up 3.09%; 2,492 in Zheng Chun, up 4.75%; Fiberboard 87.00, up 9.85%; Brent oil 6 1.69, up 3.96%.
Agricultural products: soybean oil 5482, down 0.15%; Corn 1880, down1.78%; Palm oil 4396, down 0.41%; Cotton 15075, down 0.92%; Zheng Mai 2549, down 0.27%; White sugar 4902, down 0.67%; Apple 1 1405, up 0. 19%.
Exchange rate: Euro/USD 1. 13, down 0.07%; USD/RMB 6.83, down 0.66%; USD/HK$ 7.80, down 0. 16%.
Main recommendations
1, the total import and export volume of services reached a new high in the first month of 10, continuing the steady and positive trend.
Event: On February 4th, 65438, the data released by the Ministry of Commerce of China showed that the total import and export of services in China in the first six months of 20 18 exceeded 4.3 trillion yuan, a record high, with a year-on-year increase of1.1%.
Comments: The data shows that from 20 18 to 10, the total import and export of services in China was 4,302.24 billion yuan, up11%year-on-year; Among them, exports increased by 14.3% to14210.80 billion yuan, while imports increased by 9.6% to 28810.60 billion yuan, with a deficit of/kloc-0 1.45989 billion yuan. In the first 10 month, China's computer and information service exports increased by 66.7% year-on-year, and insurance services also increased by more than 20%, indicating that China's service export competitiveness has increased. In the first month of 10, the royalty of China's imported intellectual property rights was194.86 billion yuan, which was close to last year and increased by 22.5% year-on-year. It is estimated that in the next five years, China's service import scale will exceed 2.5 trillion US dollars, and its contribution rate to the global service import growth will exceed 20%. Among them, the cumulative import of emerging services such as intellectual property royalties, telecommunications computers and information services will exceed 700 billion US dollars. The head of the Service Trade Department of the Ministry of Commerce said that the import and export of services maintained rapid growth, the structure continued to be optimized, and the steady and positive trend was further consolidated.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
The science and technology innovation board is getting closer and closer, and the securities industry is welcoming good results.
Event: On 65438+February 1 day, the Shanghai Stock Exchange convened a forum for members, directors and supervisors to brainstorm on the establishment of the science and technology innovation board and the pilot registration system to solicit market opinions.
Comments: This symposium will focus on the listing standard, underwriting scheme, trading system, continuous supervision, pilot implementation scheme of registration system and other issues. Science and technology innovation board will not only help China to establish a more perfect market system, but also bring new opportunities for the development of venture capital and technology enterprises in China. The launch of the science and technology innovation board and the pilot of the registration system will bring incremental performance contributions to the diversified business of brokers, which is conducive to the medium and long-term development of brokers. The launch of science and technology innovation board is expected to solve the problem that the current A-share stock market does not support venture capital industry and science and technology enterprises enough, and the development of venture capital industry may usher in new opportunities.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
Market review
1. Market Comments: The market remains relatively strong, and it is recommended to focus on opportunities of low valuation and tax reduction flexibility in operation.
The market fluctuated on Tuesday, and the volume of transactions shrank sharply. On the face of it, utilities, steel, paper, civil aviation airports and other sectors with greater flexibility in tax reform led the gains, while insurance and aviation pulled back slightly. At the close, the Shanghai Composite Index rose 0.42% to 2665.96 points, with a turnover of14465438+43 million yuan; The Shenzhen Component Index rose by 0. 19% to 7953.72 points, with a turnover of18665438+37 million yuan; Growth enterprise market index rose 0.43% to 1378.75, with a turnover of 5551900 million yuan. The market is divided into shock plates. In the case of warmer overall news, it is expected that the market will continue a moderate recovery in the short term. Policy is the core variable that affects the market in June 5438+February. It is suggested to pay attention to the progress of tax reduction and reform, and to the low-valued sectors such as finance and manufacturing, communication and electronic equipment that benefit from tax reduction flexibility. The stock market is risky, so you need to be cautious in investing.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)
2. Macro perspective: onshore and offshore RMB continued to rise sharply against the US dollar, both of which broke through the 6.84 mark.
Oriental Fortune Network reported on the 4th that after the RMB exchange rate rose sharply yesterday, the onshore and offshore RMB continued to rise against the US dollar today, and both the onshore and offshore RMB rose above the 6.84 mark. As of press time, the onshore RMB rose 475 points against the US dollar to 6.8380; The offshore RMB rose 403 points against the US dollar to 6.8366.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)
Glass fiber industry: trade friction has eased slightly, and the industry may benefit. Pay attention to the opportunities of leading stocks in related industries.
The glass fiber industry may benefit. The products of domestic glass fiber enterprises are globally competitive, and overseas markets are an important source of income for these enterprises. We believe that the trade friction between China and the United States is expected to ease in stages, which will benefit domestic glass fiber enterprises with relatively large overseas income. The specific analysis is as follows: if the tariff problem is completely solved in the next stage, the problem of suppressing the expectation of overseas glass fiber demand will be obviously improved; If this is not the case, the solution to delay the problem will also increase the time for the two sides to conduct normal glass fiber import and export trade.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)