Occupational annuities have made new progress in entering the market, exceeding 7 billion yuan or pouring into A-shares
Ministry of Agriculture and Rural Affairs: African swine fever was diagnosed in pigs transferred from Heilongjiang to Zhengzhou, Henan Province
Market comments
Market comments: The market shrinkage is adjusted, and the rebound of RMB exchange rate is expected to ease the pressure on A-shares.
agriculture, forestry, animal husbandry and fishery: CPI rose more than expected in July, and the rapid rebound of pork prices had a great impact.
Futures information
Metal energy: gold was 263.675, down .45%; Copper 4783, up .25%; London oil distribution was 71.43, up .95%; Rebar 4171, up .77%; Aluminum 1445., up .42%; Shanghai nickel 1162, up 1.94%; Zhengchun 3282, down 1.38%; The PVC index was 7415., up by .88%; Iron ore was 494.5, down .4%; Coking coal was 1,275.5, up 1.23%; Coke 2591, up 2.63%; Rubber 1189, down .29%;
Agricultural products: soybean oil 5838, up .14%; Corn 1883, down .48%; Palm oil was 4,878., up .33%; Cotton 16625, up .67%; Zheng Mai 2635., down .42%; Sugar was 4,959., up .59%
Exchange rate: EUR/USD 1.1374, up .25%; USD/RMB 6.8583, down 1.27%; Usd/hk $7.8495, up .%
IPO tips
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key recommendation
1. occupational annuities have made new progress in entering the market, exceeding 7 billion yuan or pouring into A-shares
According to china securities journal, there has been new progress in the investment and operation of occupational annuities, which has attracted much attention. According to sources, the selection of occupational annuity trustees of central state organs and institutions (hereinafter referred to as central units) is under way. The pension insurance management center of the central state organs, together with eight trustees, is currently inviting tenders for the trustees of the occupational annuities of the central units, and the process has already gone halfway.
according to its disclosure, the tender for the custodian has been issued, and the next step will be the custodian's on-site bid presentation and bid evaluation. As soon as possible, the relevant bid evaluation work of the custodian will be organized in the middle and late this month.
how big is the occupational annuity entering the A-share market? Some insiders predict that in terms of stock, occupational annuities will cover more than 4 million people, with an average annual payment of about 15 billion yuan. The system stipulates that payment will start on October 1, 214. If it is fully implemented in the first half of next year, the initial operating capital will be nearly 7 billion yuan. Although the policy stipulates that the upper limit of investment in equity assets of occupational annuity funds is 3%, according to the past investment experience of enterprise annuity funds, it is expected that the investment manager will control the proportion at about 15% on average, which means that the initial operation of occupational annuity will have a total of nearly 1 billion yuan of funds to invest in the stock market. Another person in the industry is more conservative and thinks that the above ratio may be only 1% on average.
Comments: Although the calculated occupational annuity scale is 7 billion, the actual funds that can be invested in A-shares are estimated to be only about 1 billion, and at most it can only be considered as a distant water, which makes it difficult for A-shares to be thirsty. This news is more supportive to the psychological level of investors and is expected to stimulate the short-term rebound of the market.
(investment consultant Cai Jin registered investment consultant certificateNo.: S2661192)
2. Ministry of Agriculture and Rural Affairs: African swine fever was diagnosed in pigs transferred from Heilongjiang to Zhengzhou, Henan Province
The Information Office of the Ministry of Agriculture and Rural Affairs released on August 16th that an African swine fever epidemic occurred in the slaughterhouse of a food company in Zhengzhou Economic Development Zone, Henan Province.
on August 14th, a truck full of pigs died of unknown reasons in the slaughterhouse of a food company in Zhengzhou Economic Development Zone, Henan Province. There were 26 pigs, 3 of which were sick and 3 died. The quarantine certificate of origin showed that the pigs came from the trading market in Heli Town, Tangyuan County, Jiamusi City, Heilongjiang Province. In the early morning of August 16th, it was confirmed by the National Research Center for Exotic Animal Diseases of China Center for Animal Health and Epidemiology that the epidemic was African swine fever.
After the outbreak, the Ministry of Agriculture and Rural Affairs immediately sent a supervision team to Henan and Heilongjiang. Henan has started the emergency response mechanism as required, and adopted measures such as blockade, culling, harmless treatment and disinfection to prohibit all pigs and susceptible animals and products from being transported into or out of the blockade area. Heilongjiang province has carried out investigation and epidemiological investigation. At present, the epidemic has been effectively controlled.
Comments: The African swine fever epidemic will have a negative psychological impact on pork stocks in the short term, but it is expected to accelerate the industry's capacity reduction in the medium term, which is expected to promote the pig cycle ahead of schedule; In addition, although there is no African swine fever vaccine yet, the animal vaccine unit is still expected to get performance opportunities in the short term.
(investment consultant Cai Jin registered investment consultant certificateNo.: S2661192)
Market comments
1. Market comments: The adjustment of market shrinkage and the rebound of RMB exchange rate are expected to ease the pressure on A shares.
on Thursday, due to the fluctuation of the external stock market and foreign exchange market, the market jumped sharply lower and opened. After falling out of 2,672 points, which was also a two-and-a-half-year low, it gradually stopped falling and turned red, and then fell again in late trading. The Shanghai Composite Index closed at 2,75 points, down .63%. The GEM index closed at 1463 points, down .66%. The turnover between the two cities was 268.5 billion yuan, a decrease of 9.5 billion yuan compared with Wednesday. In terms of sector performance, telecom operations, 5G and communication equipment rose slightly to close the red, and the financial sector led by securities showed signs of main support, but the strength was weak. The indexes of other sectors all closed green, with wine making, pork, agriculture, forestry, animal husbandry and fishery, warehousing and logistics among the top losers.
what caused the market volatility on Thursday was basically the news of the turmoil in the global stock market and foreign exchange market. In addition to the sharp drop in European and American stock markets, the Hong Kong Monetary Authority made emergency purchases three times a day overnight on the 15th to rescue the Hong Kong dollar, the offshore RMB fell below the 6.95 mark against the US dollar by more than 5 basis points, the MSCI emerging market index was called a technical bear market, and the FTSE China A5 index in Singapore fell by 3.55%. Behind these, with the advancement of the Federal Reserve's interest rate hike, the US dollar index continued to strengthen, and global liquidity continued to return to the United States, which triggered everyone's concerns about triggering a global crisis and also made the A-share market. As far as the stock market is concerned, as long as the exchange rate does not stabilize, A shares will inevitably suffer, which has become an iron law. Judging from the market performance on Thursday, after the intraday sharp drop, the panic disk was released at one time, and the kinetic energy of further sharp drop in the market may be weakened. However, considering that the United States may escalate the trade war at the end of August to levy taxes on China's 2 billion export commodities, the Federal Reserve may raise interest rates again in September, and the RMB exchange rate is unstable, the repeated fluctuations in the A-share market in the short term may be the main tone. Before the market stabilizes, the overall operation is to wait and see, and those with lighter positions pay attention to technology growth stocks with higher attention to short-term funds on dips to avoid frequent operations to chase up and down.
(investment consultant Zeng Zilei registered investment consultant certificate number: S26613915)
2. Agriculture, forestry, animal husbandry and fishery: CPI rose more than expected in July, and the rapid rebound of pork prices had a great impact.
recently, in July, the CPI was announced as 2.1% year-on-year, with an expected 2% and a previous value of 1.9%. In July, the CPI was .3% month-on-month and the previous value was -.1%. Non-food rose over-seasonality, and CPI was slightly higher than expected, mainly due to the fact that in July, non-food was +2.4% year-on-year and +.3% quarter-on-quarter, which was slightly higher than seasonality. The sharp rise in pork prices led to a rebound in the year-on-year growth rate of food. In July, food items rose by .5% year-on-year, slightly higher than expected, mainly because food items rose by .1% month-on-month. Looking forward to the second half of the year, the inflation level center may have a tendency to slowly rise.
investment comments: CPI rose more than expected in July, which was mainly affected by the rebound in the price growth of pork and other foods. Affected by Sino-US trade disputes, imported commodities such as soybeans and pork will face tax increases, which will bring upward pressure on domestic agricultural products. The low CPI in the first half of the year is mainly due to the unexpected drop in pork prices, which will gradually return to normal in the second half of the year. At the same time, domestic agricultural products prices are supported by many factors such as Sino-US trade friction, crude oil prices and grain destocking. There is a high probability that the inflation center will go up in the future, so investors are advised to pay attention to the agricultural sectors such as pork and livestock breeding.
(investment consultant Zeng Zilei registered investment consultant certificateNo.: S26613915)
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