1. Selected financial news
Li Keqiang: a big market in the world and a hot spot for foreign investment
On the evening of May 19th, Li Keqiang, Premier of the State Council of the People's Republic of China attended the symposium on the 7th anniversary of the establishment of the China Council for the Promotion of International Trade in Fanghuayuan, Diaoyutai. Relevant persons in charge of nearly 3 institutions and multinational companies including u.s.-china business council, 48 group clubs in Britain, Korea Trade and Investment Promotion Agency, Malaysian-China Business Council, European Chamber of Commerce in China, Japanese Chamber of Commerce in China and American Chamber of Commerce in China attended the meeting. The symposium was held in a combination of online and offline.
Source: Opinions on Promoting the Implementation of the National Cultural Digitization Strategy issued by the Central Office and the State Council of Xinhuanet
Opinions on Promoting the Implementation of the National Cultural Digitization Strategy (hereinafter referred to as "Opinions") were issued by the General Office of the Central Committee and the General Office of the State Council, and a notice was issued asking all localities and departments to conscientiously implement it in light of the actual situation.
the opinions make it clear that by the end of the 14th Five-Year Plan period, the cultural digital infrastructure and service platform will be basically built, and a cultural service supply system with online and offline integration, interaction and three-dimensional coverage will be formed. By 235, a national cultural big data system with physical distribution, logical association, quick link, efficient search, comprehensive enjoyment and key integration will be built, and Chinese culture will be presented in a panoramic view, and the digital achievements of Chinese culture will be enjoyed by all the people.
Source: Xinhua News Agency
The central government issued 1 billion yuan to grant one-time agricultural subsidies to actual grain farmers again
Recently, according to the decision-making arrangements of the CPC Central Committee and the State Council, the central government issued 1 billion yuan to grant one-time agricultural subsidies to actual grain farmers again, supporting summer harvest and autumn sowing production, alleviating the impact of increasing grain expenditure caused by rising agricultural prices, and further mobilizing farmers' enthusiasm for growing grain.
source: CCTV news client
the foreign exchange bureau issued relevant measures to further promote the foreign exchange market to serve the real economy
the foreign exchange bureau issued a notice on relevant measures to further promote the foreign exchange market to serve the real economy. Notify the requirements and guide customers to establish a risk-neutral concept. Support enterprises to manage exchange rate risks, comprehensively consider product types, customer classification and hedging demand characteristics, and handle foreign exchange derivatives business for customers that is compatible with their risk tolerance and consistent with hedging demand, so as to reduce the uncertainty of production and operation. Pay attention to guiding customers to follow the exchange rate risk management principle of "preserving value" rather than "increasing value", focusing on the main business and hedging.
source: state administration of foreign exchange
the CSRC is heavy! 23 policies to help companies in industries affected by the epidemic
On May 2th, the CSRC issued the Notice on Further Giving Play to the Function of the Capital Market to Support the Areas and Industries Seriously Affected by the Epidemic to Accelerate the Recovery and Development, and increased policy support in four aspects: enterprises applying for initial public listing, listing on the North Stock Exchange, refinancing, mergers and acquisitions, corporate bonds and asset securitization products.
Source: Securities Times
The CSRC issued the Measures for the Supervision and Management of Managers of Public Offering Securities Investment Funds and its supporting rules
In order to accelerate the high-quality development of Public Offering of Fund's industries, further improve the ability of Public Offering of Fund's industrial service capital market to reform and develop, serve residents' wealth management, serve the real economy and national strategy, and promote the construction of an industrial ecology with pluralism, openness, full competition, survival of the fittest and orderly advance and retreat, To effectively protect the legitimate rights and interests of fund share holders, the CSRC revised the Measures for the Administration of Securities Investment Fund Management Companies and renamed it the Measures for the Supervision and Administration of Managers of Public Offering of Securities Investment Funds (hereinafter referred to as the Measures for Managers). Recently, the CSRC officially issued the Measures for Managers and its supporting rules.
source: website of CSRC
(investment consultant? Cai Jin? Registered Investment Consultant CertificateNo.: S2661192)
II. Focus on Market Hotspots
Market Comments: The three major indexes have increased in volume, and the rebound market is expected to continue
The market index of the two cities oscillated upward on Friday, and the total market turnover was enlarged compared with the previous trading day. Specifically, the Shanghai Composite Index closed up 1.6% to close at 3,146.57 points; The Shenzhen Component Index rose 1.82% to close at 11,454.53 points; Growth enterprise market rose 1.69% to close at 2417.35 points.
on the face of it, coal stocks, non-ferrous metals stocks and liquor-making sectors performed strongly, with the highest gains, while the real estate sector performed relatively weakly. From the trend point of view, the A-share market is independent of the peripheral market recently, and the three major indexes have increased in volume, and the rebound market is expected to continue. However, the current market is only regarded as a rebound for the time being, not the beginning of a new round of index market, so it should be treated with caution if the market continues to rise.
In operation, short-term theme stocks performed generally, while track stocks performed relatively strongly in recent trading days, and their persistence is expected to continue. It is recommended to pay attention to high-quality leading enterprises such as automobiles, lithium mines, chips, photovoltaics, wind power equipment, brokers and banks, as well as stocks with good performance.
(investment consultant? Yu dechao? Registered Investment Consultant CertificateNo.: S26613821)
Macro perspective: China Banking and Insurance Regulatory Commission: Support policies to encourage small and medium-sized banks to merge and reorganize will be implemented together with relevant departments
The person in charge of relevant departments in China Banking and Insurance Regulatory Commission said at a briefing in China Banking and Insurance Regulatory Commission on May 2 that in the next step, China Banking and Insurance Regulatory Commission will continue to further promote the reform of small and medium-sized banks in rural areas in accordance with the basic principles of overall stability, overall coordination, classified policies and accurate bomb disposal, and continuously enhance its services.
The person in charge of relevant departments in China Banking and Insurance Regulatory Commission specifically revealed that according to the requirements of Document No.1 of the Central Committee, China Banking and Insurance Regulatory Commission instructed relevant provinces to speed up the process of rural credit reform, change the functional orientation of provincial cooperatives, establish a positive list and a negative list of provincial institutions of rural credit cooperatives, and improve the supervision and restraint mechanism; Strengthen the organic integration of the party's leadership and corporate governance, reasonably set up "three meetings and one layer" and professional committees, and build a concise and practical corporate governance mechanism that conforms to the reality of small legal persons; Strictly restrain the behavior of major shareholders, strengthen the management of related party transactions, and prevent them from improperly interfering with the internal management of institutions; Strengthen the construction of senior management team, guide and make good use of the talent pool of senior management established by banking associations, support the open and transparent selection of senior management personnel in a market-oriented way, and build a team of senior officials with strong politics and good business skills.
"Encourage high-quality banks, insurance companies and other qualified institutions to participate in the merger and reorganization of rural small and medium-sized banks, implement support policies to encourage small and medium-sized banks to merge and reorganize together with relevant departments, and promote the merger and reorganization and regional integration of rural small and medium-sized banks in accordance with the principle of marketization and legalization." The person in charge of relevant departments in China Banking and Insurance Regulatory Commission said.
Source: shanghai securities news
Comments: The theme of mergers and acquisitions can improve the valuation of bank stocks, and it is expected to bring active performance opportunities to small and medium-sized bank stocks in the short term.
(investment consultant? Cai Jin? Registered Investment Consultant CertificateNo.: S2661192)
Automobile industry: The resumption of work and production continues to advance, and the automobile market is improving
According to Xinhua News Agency, on May 15th, a car ro-ro ship loaded with more than 4, Tesla electric vehicles set off from Shanghai Nangang Wharf for Belgium, which was the second batch of electric vehicles exported from Tesla Giga Shanghai after the resumption of work and production. According to the Xinhua News Agency, SAIC introduced that it is expected that from the end of May, the first two batches of spare parts supporting enterprises that have entered the "white list" of Shanghai's resumption of production will have a resumption rate of over 8%. SAIC's vehicle companies are expected to gradually resume normal production in late May, and strive to achieve the same level of production and sales in May as in the same period in 221.
Source: Open Source Securities Research Report
Comments: With the gradual weakening of the epidemic, the automobile industry chain is resuming production. With the acceleration of electrification and intelligence, the automobile industry has ushered in a long-term upward cycle, and the sector has also experienced a long-term correction in the early stage. At present, the valuation is also attractive, so it is recommended to pay attention.
(investment consultant Yu Dechao registered investment consultant certificate number: S26613821)
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IV. Recommendation of key stocks
Please refer to the full edition of Early View (customized monthly path: discovery-information-paid information-early view; Single customized path: discovery-gold medal identification-early view)