A-share headlines: a line of two sessions heavy voice! Guo Shuqing responded to the fluctuation of net value of some bank wealth management products

Highlights

1, the central bank, the Bank of China Insurance Regulatory Commission: stable real estate enterprises to develop loans to support private housing enterprises to issue debt financing

The People's Bank of China and the China Banking and Insurance Regulatory Commission jointly held a national commercial bank credit work symposium on the 21st to study and deploy financial support for the implementation of policies and measures to stabilize the economy. The meeting stressed that to maintain a stable and orderly real estate financing, stabilize the real estate enterprise development loans, construction enterprise loans, support the reasonable demand for personal housing loans, support development loans, trust loans and other stock financing under the premise of ensuring the safety of creditor's rights reasonable extension. Make good use of private enterprise bond financing support tools ("second arrow") to support private real estate enterprises to issue debt financing. comment: the real estate market has ushered in the "policy bottom", can come out to catch a breath. Of course, the golden period of the real estate market is over.

2. Guo Shuqing: Recently, the overall risk of fluctuations in the net value of some bank wealth management products is completely controllable

Guo Shuqing, Secretary of the Party Committee of the People's Bank of China and Chairman of the China Banking and Insurance Regulatory Commission, said at the 2022 Financial Street Forum that recently, due to the market's optimistic outlook for economic recovery, bond yields have risen, triggering fluctuations in the net value of some bank wealth management products. This is the market's own adjustment. Performance, the overall risk is completely controllable. On the other hand, we also continue to pay attention to the fact that the financial products available to individual investors are becoming more and more diverse, and the risks they face are becoming more and more complex. They need to grasp the balance between return and risk.

3. Yi Huiman: some investment institutions have not yet been able to firmly establish the concept of value investment and are keen to chase the hot spots of the market. The "retail" characteristics are obvious

Chairman Yi Huiman delivered a keynote speech at the annual meeting of the 2022 Financial Street Forum, saying that professional focus is the core competitiveness of first-class investment institutions, but some of our investment institutions have not yet been able to firmly establish the concept of value investment and are keen to chase the market. Hot spots, "retail" characteristics are obvious. Domestic investors in the-share market account for more than 95% of the shares. Our institutions must study and grasp these basic characteristics when making investments. They must have independent professional judgment and research capabilities. Comment: The profit-seeking nature of some institutions makes them eager for quick success and instant benefits and impetuous. A- share institutions still have a long way to go.

4. Guizhou maotai: this year, the company's sales revenue including tax of maotai liquor has exceeded 100 billion yuan

Guizhou Maotai announced that this year, the company's sales revenue including tax of Maotai liquor has exceeded 100 billion yuan on November 21, 2022, specifically, from January 1 to November 21, 2022, the company realized the operating income of Maotai liquor of 89.408 billion yuan (sales revenue including tax of 100.569 billion yuan). Comment: The crumbling stock price of Kweichow Moutai is in urgent need of good news to stimulate and support. At this juncture, the good news of 100 billion yuan in income is coming.

5, the Shanghai Stock Exchange informed the relevant situation of Swan shares to suspend account trading supervision measures for abnormal trading investors

The share price of Swan shares has recently touched on several abnormal fluctuations in stock trading, and the SSE has taken self-regulatory measures against investors who have abnormal trading behavior in accordance with regulations. Today, the stock price of the stock continues to fluctuate sharply. In the process of trading the stock, some investors have abnormal trading behaviors that affect the normal trading order of the market and mislead investors' normal trading decisions, such as raising the stock price and maintaining the price limit. The Shanghai Stock Exchange has taken regulatory measures to suspend account trading. The Shanghai Stock Exchange once again reminds investors to pay attention to risks, participate prudently and trade in compliance. comment: originally the market speculation direction has been biased to the direction of medicine, but over the weekend because of the epidemic prevention and control reasons, medicine plummeted, hot money back to the concept of supply and marketing cooperatives, swan shares of the ground board also came.

6, domestic refined oil prices fell for the eighth time in the year, adding up a tank of oil and spending less 7 yuan

According to the National Development and Reform Commission, a new round of refined oil price adjustment window will open at 24 o'clock today (November 21). The details of this oil price adjustment are as follows: the retail price of domestic gasoline and diesel oil will be lowered by 175 yuan and 165 yuan respectively per ton. On the national average, No. 92 gasoline was lowered by 0.14 yuan; No. 95 gasoline was lowered by 0.15 yuan; No. 0 diesel oil was lowered by 0.14 yuan. According to the estimation of the 50L capacity of the general household car fuel tank, filling up a tank of 92# gasoline will cost less 7 yuan.

7, northbound capital sold 2.046 billion yuan on Monday and Wuliangye topped the net sales

Northbound funds sold a net $2.046 billion on Monday. Wuliangye, BYD and Hengrui Pharmaceuticals received net sales of 0.25 billion yuan, 0.214 billion yuan and 0.156 billion yuan respectively. Zijin Mining's net purchase was the top, with an amount of 0.407 billion yuan.

Overnight outside

U.S. stocks: "World Cup starts, traders run out!" The market is shrinking, the Dow is shaking high, and the stubborn week of U.S. stocks should continue to hold on to the holiday market! The Nasdaq closed down more than 100 points, once falling below the 11000-point mark. S & P continued to oscillate at the 4000-point mark. Disney rose more than 6% after changing coaches, Tesla fell nearly 7% to a two-year low. Most of the Chinese stocks fell, with financial stocks leading the decline. Douyu and Mavericks fell 14%, and ADS shares fell 80% in group car targeted additional 15 million US dollars. Wei Xiaoli continued to decline.

Commodities: Gold futures were dragged down again by the dollar's rise to continue their recent decline. Luntong closed down nearly $200, falling through 8000 and $7900, a two-week low from four days to November 4. Lunxi plunged 6.6 percent again, losing $22000. The crude oil market fluctuated sharply due to OPEC's false and real production increase news. In early trading, it hit a new intraday low since January. Brent crude oil once fell below the $85 mark, and two barrels of oil closed at a new low since the end of September.

Bonds: The 10-year U.S. bond yield fell to 3.76 percent at one point, then rose to 3.83 percent, recovering nearly half of its decline since Nov. 15. The yield on the two-year U.S. bond, which is more sensitive to monetary policy, fell below 4.5 percent at one point, then rose to 4.56 percent, close to recovering the decline since November 10. The two-year/10-year yield inversion once again hit a record low. The dollar index rose at most about 1 per cent and pushed up the 108 mark, recovering more than half of its decline since November 11; the dollar has fallen more than 3 per cent in November, or its worst monthly performance since July 2020.

foreign exchange: onshore RMB was quoted at 7.1670 yuan, down 510 points from Friday's overnight close. The offshore renminbi once fell below 7.18 yuan, down nearly 630 points from the close of the previous trading day, and US stocks once approached 7.17 yuan in intraday trading.

bitcoin: encrypted digital cash fell generally. bitcoin, the leader with the largest market value, fell more than 5% and lost the integer of us $16000, the lowest since November 10. Ethernet fell more than 7% and once lost us $1100. Since the FTX scandal was reported on November 6, the market value of the currency circle has evaporated by more than $260 billion.

Market Strategy

The market diverged on Monday, with the Shanghai index closing down slightly and the CSI 1000 index closing up slightly. Small and medium-cap stocks performed strongly, and the CSI 1000 index bottomed out on the day it recovered to fill the gap. The index once approached the 14-day low, where it gained support and rebounded sharply. From the 30-minute chart, the large form is a rhombus and the right part is a triangle, which can be seen as a backdraw after falling below the lower rail. Although the index is supported after the sustained shock, the risk is still not lifted and can continue to wait for the direction of the breakthrough.

Theme Nuggets

panel: according to WitsView smart display survey data, the price of TV panels across the board increased in late November. Among them, the average price of 65-inch TV panels in the current period was 110 US dollars, up 2 US dollars from the previous period and 3 US dollars from the previous month, up 2.8 percent. The 32-inch TV panel rose 7.4 percent month on month.

target: TCL technology (000100), BOE A(000725)

Beidou: it is reported that Beidou satellite positioning query system has been launched in Gaud map recently. it is first launched in Android version of Gaud map APP. after users upgrade APP to the latest version, they can query experience when navigating outdoors. Gaud Map will also fully launch a series of mass travel services based on Beidou system, including lane-level navigation, traffic light countdown, shared location reporting safety, etc., to help Beidou system, a national independent high-tech technology, popularize in the field of civil travel.

Target: UniStrong (002383), Huali Chuangtong (300045)

UHV: According to reports, recently, the last stringing section of the Sichuan section of the State Grid Baihetan-Zhejiang ± 800 kV UHV DC transmission project was successfully completed, realizing the whole line. At the same time, it also marks the completion of the whole line of the Baizhe project. It is understood that the Baihetan-Zhejiang ± 800 kV UHV DC transmission project is expected to be put into operation by the end of this year, with an annual capacity of more than 30 billion kilowatt-hours.

Target: Xu Ji Electric (000400), McGmitt (002851)

Selected Announcements

[Major matters]

11 lianban swan shares 603029: there is no plan to increase business dealings with Shandong supply and marketing cooperatives or enterprises under their control due to the recent hot concept

kerred 002072: the company's "liquor enterprise backdoor" and other related rumors are not true

Guizhou Maotai 600519: sales revenue of Maotai liquor including tax has exceeded 100 billion yuan this year

VankeA 000002: it is proposed to add authorization to issue direct debt financing instruments not exceeding 50 billion yuan

meilian new materials 300586: plans to invest 10 billion billion yuan to build "2.3 million tons of new energy and polymer materials industrialization construction project"

002812 of Enjie shares: the chairman and vice chairman of the company are under residential surveillance designated by the public security organ

[M & A]

Jinling Pharmaceutical 000919: planning a non-public offering of shares

capital online 300846: no more than 0.716 billion yuan

Lu Shang Development 600223: the company's major asset sale is still in the planning stage

[Increase in holdings and decrease in holdings]

ST Guangtian 002482: Shenzhen Hengjia Plans to Reduce No More than 6% of Shares

Flexanthate 605566: shareholders intend to reduce their total shares of the company by no more than 6%

tengjing technology 688195: shareholders intend to reduce their shares by no more than 4.56

south micro medical 688029: China science and technology investment promotion plans to reduce its shares by no more than 3%

huachuang yang an 600155: new hope chemical plans to reduce its shares by no more than 2%

su test 300416: controlling shareholder plans to reduce no more than 2% of shares

there are several 301169 at zero point: kunshan guohong plans to reduce its stake by no more than 1%

[Other matters]

Shanghai wash bully 603200: obtain Shanghai disinfection products production enterprise hygiene license

Concorde Electronics 605258: wholly-owned subsidiary approved by high-tech enterprise

Sunshine and 688621: Pimecrolimus Cream Obtain Drug Registration Certificate

Medium Catalyst 688267: Purchase Agreement with BASF

dingxin communication 603421: pre-bid about 0.243 billion yuan of state grid related procurement projects

dongfang iron tower 002545: pre-bid 0.264 billion yuan state grid project

Limin Co., Ltd. 002734: Signed Strategic Cooperation Agreement with Sichuan Institute of Antibiotic Industry of Chengdu University

zhongwei shares 300919: to apply for registration of financing instruments not exceeding 4 billion yuan

polyfluoro 002407: 27% equity of silver zhongtian to be transferred by public delisting

chenxin pharmaceutical 603367: mecobalamin tablets passed generic drug consistency evaluation

hesheng silicon industry 603260: Fang hongcheng, former director and general manager, has been transferred to the procuratorial organ for examination and prosecution for suspected job embezzlement

founder motor 002196: to invest in the establishment of a wholly-owned sun company to build intelligent controller east China base

Huitong Group 603176: Application for Public Issuance of Convertible Bonds Approved by CSRC

hengrui medicine 600276: gadobutrol injection was approved by FDA

Junshi Biological 688180: Additional Application for Addition of Adalimumab Injection Approved

Suzhou hi-tech 600736: plans to publicly list and transfer 15% equity of tourism group

jindalai 688057: signed an operation service contract of about 0.125 billion yuan with Huaxiang electronics

jingxing paper 002067: to 0.1 billion us dollars to carry out foreign exchange derivatives trading

Buchang Pharmaceutical 603858: A wholly-owned subsidiary obtained the registration certificate for Memantine Hydrochloride Tablets

Anel 002875: Electron beam grafting modified fabrics will not have a significant impact on the company's current operating results

Yaben Chemical 300261: Holding Subsidiary Listed on National SME Share Transfer System

China Unicom 600050:5G package users have reached 0.205 billion

Changyuan Donggu 603950: Received a series of designated development notices from a well-known domestic new energy vehicle customer

red sun pharmaceutical 300026: participating subsidiary toluene sulfonamide injection obtained drug registration certificate

linyang energy 601222: pre-bid 0.327 billion yuan state grid related projects

dashi intelligent 002421: the consortium signed a contract for about 0.635 billion yuan of intelligent transportation project

mindong electric power 000993: give up 30% preemptive right of fucheng company

shuanglu pharmaceutical 002038: telmisartan tablets (xinyier) passed generic drug consistency evaluation

Jiacheng International 603535: plans to build Jiacheng International (Sanya) Super Yunzhi World Port Project in Hainan

super communication 603322: it is proposed to invest about 0.5 billion yuan to build Ninghuai green digital economy computing center project

Wanfang Development 000638: to set up a holding subsidiary to build the Phaffia rhodozyma astaxanthin project

ju hua science and technology 300360: pre-bid for the state grid procurement project of about 0.468 billion yuan

osaikang 002755: the subsidiary company's application for clinical trials of new drug injection ASKG915 was accepted by FDA

Eft 688165: wholly-owned Sun Company Receives Purchase Order for 0.241 billion from Volkswagen Group

kelu electronics 002121: pre-bid for the state grid 0.114 billion yuan project

Tibet mining 000762: the announcement period for the first listing of 100% shares of silver zabuye lithium industry is November 22

haolsey 002963: received the application for listing of honeycomb energy science and technology innovation board and received the acceptance notice of the Shanghai stock exchange

ST sansheng 300282: plans to 0.5 billion acquire 51% equity of malipo tianxiong new materials

Weishitong 002268: securities abbreviation changed to "electric network security"

Zhengping Co., Ltd. 603843: Jointly Funded and Established Joint Venture Company with Shaanxi Atlas

Longji Green Energy 601012: to invest in the construction of an annual output of 10GW single crystal components project in Heshan City

shu taishen 300204:STSA-1002 approved by FDA to carry out clinical trials

youxunda 300514: won the bid of 0.218 billion yuan state grid procurement project

Chenming Paper 000488: Direct and Indirect Control of Shouguang Meilun to Increase to 69.12

snowman co., ltd. 002639: signed a commissioned development contract for metal plate fuel cell stacks with Japan hydrogen power company

China Power Construction 601669: Subsidiaries recently signed a number of project contracts

Tiandi Digital 300743: to acquire 100% stake in Anhui Weisen

China Pharmaceutical 600056: Meikang Kyushu Plans to Transfer 51% Equity of Shanghai Xinxing for 92.0411 million Yuan

Chuaneng Power 000155: plans to form a joint venture company to strive for the photovoltaic project index of Zaoyang City, Hubei Province

ST big set 000564: the new supply and marketing fund has completed the on-site due diligence of the company

Huafu Fashion 002042: Holding Subsidiary to Increase Capital and Introduce Strategic Investors

Trading tips

[IPO]

1. Weigang Technology

requisition code: 001256

Ticker: 001256

Issue price: 13.64

Issue P/E: 22.99

Purchase rating: recommended purchase

2, Carlet

requisition code: 301391

Ticker: 301391

Issue price: 96.00

Issue P/E: 63.58

Purchase rating: purchase with caution

[Purchase of convertible bonds]

Fu 22 Convertible 113661

[Stop and Resume]

Meichen Ecology: Ningbo Guofeng will gain control of the company and resume trading on the 22nd

Zhongrun Resources: Planning for non-public offering of shares and proposed change of control suspension from 22nd

yonghe intelligent control: planning control change suspension from 22nd

[sales restriction]