Highlights

On January 1, 222, the Regional Comprehensive Economic Partnership Agreement (RCEP) came into effect, which means that the world's largest free trade zone has officially set sail. Behind the active enjoyment of RCEP dividends by enterprises in many places is RCEP's convenience in customs clearance and tariff reduction. After the agreement comes into effect, more than 9% of the goods trade in the region will gradually realize zero tariff. Among them, the immediate zero tariff ratio between China and ASEAN, Australia and New Zealand will exceed 65%. In 222, 24.9% of China's products will open zero tariffs to Japan, 57% of Japan's products will open zero tariffs to China, and more products will be reduced in tax year by year.

Market review

In the stock market, A-share trading closed in 221, and the annual turnover reached a new high. After 28 years, the Shanghai Composite Index once again gained three consecutive years. The Shanghai Composite Index, Shenzhen Component Index and Growth Enterprise Market Index rose by 4.8%, 2.67% and 12% respectively for the whole year, all of which rose for three consecutive years. The Shanghai Composite Index fluctuated at a high level all day today, and the theme stocks blossomed more. The market turnover was 1.6 trillion yuan, a slight increase from the previous month. On the disk, Chinese medicine stocks broke out, with more than ten stocks such as Tongrentang and China Resources Sanjiu trading daily, and Yunnan Baiyao rose nearly 8%. Salt Lake's lithium extraction and photovoltaic compared with Qi Fei's, Tibet Mining and Follette's closure, Salt Lake shares and Longji shares rose by more than 6%. Agriculture, real estate, semiconductors, real estate plate. Liquor stocks were in a downturn, and "Mao, Wu, Fen and Yang" all fell. The Shanghai Composite Index closed up .57% at 3,639.78 points, while the Growth Enterprise Market Index fell .12 points.

in the bond market, treasury bond futures closed in 221, with a cumulative increase of 2.83% for the 1-year main contract, 1.9% for the 5-year main contract and .69% for the 2-year main contract. Treasury futures fluctuated weakly today, with the 1-year main contract down .9%, the 5-year main contract down .2% and the 2-year main contract up .1%.

In the fund market, the Shanghai Stock Exchange Fund Index closed at 7536 points, up .57%. LOF fund price index closed at 4,915.53 points, up .49%; The ETF fund price index closed at 1356.71 points, up .67%.

Focus on viewpoints

1. Since January 1st, the central bank has implemented the continuous conversion of two direct tools, namely, the Pratt & Whitney Small and Micro Enterprise Loan Extension Support Tool and the Pratt & Whitney Small and Micro enterprise credit loans Support Plan. The first is to convert the loan extension support tool for Pratt & Whitney small and micro enterprises into the Pratt & Whitney small and micro loan support tool. Second, from 222, the Pratt & Whitney Small and Micro-enterprise credit loans Support Program will be incorporated into the re-lending management of supporting agriculture and supporting small businesses. We will create two monetary policy tools that go directly to the real economy, support financial institutions to postpone the repayment of principal and interest on loans to small and micro enterprises that have encountered temporary difficulties, and encourage financial institutions to increase their investment in small and micro enterprise credit loans.

2. The CSRC and the Ministry of Finance jointly issued the Measures for the Administration of Commitment Funds of Parties in Securities and Futures Administrative Law Enforcement, which will help to strengthen investor protection, better compensate the interests of damaged investors, further enhance the regulatory efficiency and stabilize the market order.

News at home and abroad

1. The Regional Comprehensive Economic Partnership Agreement (RCEP) came into effect today, and six ASEAN member countries including Brunei, Cambodia, Laos, Singapore, Thailand and Viet Nam and four non-ASEAN member countries including China, Japan, New Zealand and Australia formally began to implement the agreement. According to the Ministry of Commerce, the effective implementation of RCEP marks the official landing of the free trade zone with the largest population, the largest economic and trade scale and the most development potential in the world, and will make important contributions to regional and even global trade and investment growth, economic recovery and prosperity.

2. Kweichow Moutai, the A-share "king", disclosed the 221 annual performance guidelines, and it is estimated that the total operating income for the whole year will be about 19 billion yuan, up by 11.2% year-on-year; It is estimated that the net profit of returning to the mother will be about 52 billion yuan, up 11.3% year-on-year. According to this estimate, Kweichow Moutai achieved a total operating income of about 31.947 billion yuan in the fourth quarter, up 12.42% year-on-year; The net profit returned to the mother was 14.734 billion yuan, up 14.48% year-on-year, both of which were higher than the growth rate in the third quarter. The above performance expectations also mean that the total revenue of Kweichow Moutai exceeded 1 billion yuan for the first time, and exceeded the business target of a year-on-year increase of 1.5% in total revenue in 221. In addition, Kweichow Moutai, a new high-end product of Maotai, has been delivered one after another recently. The dealer's payment price is 4,299 yuan/bottle, and the current market price is about 5,7 yuan/bottle.

3. Guo Ping, the rotating chairman of Huawei, delivered a New Year speech in 222, revealing that it is estimated that the sales revenue in 221 will be about 634 billion yuan, that is, the sales revenue in the fourth quarter will be 178.2 billion yuan. In 22, Huawei's sales revenue was 891.4 billion yuan, which means that Huawei's sales revenue declined by 28.9% in 221. Guo Ping said that Huawei will focus on its core and open its periphery in 222.

4. On the first trading day of 222, US stocks collectively closed higher, with the Dow and the S&P 5 both hitting record highs. The Dow rose .68%, the S&P 5 rose .64% and the Nasdaq rose 1.2%. New energy vehicle stocks rose sharply, Tesla rose more than 13%, and Q4' s global delivery reached 38,6 units. Weilai rose more than 5%, and delivery in December increased by 49.7% year-on-year. Faraday will rise by 13.9% in the future. Technology stocks rose, with Apple, NVIDIA and Amazon rising more than 2%, and Apple's intraday market value once exceeded $3 trillion.

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