A quick look at the news ｜ China Railway ushered in the peak of return passenger flow during the Dragon Boat Festival holiday. Today, it is expected to send 11 million passengers.
A quick look at important news
June 14th, 2021
Securities daily network
www.zqrb.cn
01
Institutional market theory
Institutional market theory
CITIC Securities: It is suggested to continue to grasp the opportunities under the short-term market rotation.
On June 14th, CITIC Securities Research released the latest research viewpoint that the game of frequent position adjustment of stock funds will continue to dominate the market in June, and the short-term impact of fundamental factors will weaken, and valuation is still the main driving force. It is suggested to continue to grasp the opportunities under the short-term market rotation.
First of all, the incremental funds did not enter the market significantly, and the inflow of institutional funds was slow. Behind the trillions of transactions, there were more frequent positions adjustment of stock funds, and the valuation flexibility was played with a short, flat and fast trading style. As the disclosure of the interim report approached, the structural game would slowly ebb.
Secondly, the short-term impact of fundamental factors on the market is weakening, and A shares are still in a quiet period and still in the valuation-driven stage.
Finally, grasp the short-term market rotation opportunity, short-term trading cycle and theme, and closely follow the main line of growth and manufacturing in the medium term:First, the upstream resource products with high performance certainty in the interim report are more favored by funds in the short term; Second, short-term policy-catalyzed themes, including the Hengqin concept plate and military industry, are also worthy of attention; Third, with the transaction-driven ebb tide, it is suggested to stick to the main line of medium-term growth and manufacturing, and continue to allocate new energy, independent and controllable science and technology, national defense security and intelligent manufacturing.
Essence Securities: A-share fundamentals are more likely than market expectations in the second half of the year.
On June 14th, the Chen Guo team, the chief strategy of Essence Securities, released the latest view that after entering June, the yield of domestic bond market has obviously rebounded, which has restricted the short-term performance of A shares. The shortage of funds between banks at the end of June may also have a short-term impact on the market.
At the same time, Chen Guo’s team’s historical review of five major conferences or celebrations in the past decade shows that the market risk appetite may fluctuate in the first 2-3 weeks and the second 3 weeks after the major events. In the medium and long term, the fundamental probability of A-shares in this year’s interim report and the second half of the year is better than market expectations, the upside of domestic bond market yield is limited, the liquidity environment and risk preference factors are still strongly supported as a whole, and the profitability and growth of enterprises will become the core logic of the next stage of the market.
In terms of industry configuration, the Chen Guo team believes that it can still hold varieties with profit growth exceeding expectations in the core track, as well as companies with reasonable valuations that exceed expectations, focus on the new main lines in the non-core assets, and tap the neglected opportunities in the process of economic recovery and transformation from bottom to top. Focus on three lines:First, the new growth track: artificial intelligence, smart cars, new materials, military industry, Xinchuang Netan, etc. Second, the varieties that can continue to exceed expectations in the core track: some semiconductor, photovoltaic and pharmaceutical companies; Third, the recovery reported that the industry exceeded expectations: coal, chemicals, banks and so on.(Securities Daily Network)
02
Domestic news
1. The achievement is remarkable! The total foreign trade volume of Shanghai Cooperation Member States has increased hundredfold in 20 years.
Tomorrow (June 15th), the Shanghai Cooperation Organization will celebrate its 20th anniversary. Up to now, the SCO has become the largest and most populous comprehensive regional organization in the world, with eight member States, four observer countries and six dialogue partners. Under the guidance of the "Shanghai Spirit", the SCO has embarked on a brilliant road. Over the past 20 years, fruitful cooperation has been continuously carried out among member States, and challenges that threaten the interests of member States and regional security and stability have been properly dealt with, and rich experience has been accumulated.
Covering about half of the world’s population, the SCO has not only a huge consumer market, but also abundant natural resources and strong productivity. Over the past 20 years, the achievements made by the SCO in economic and trade cooperation have attracted people’s attention, and the prospects for economic and trade cooperation are very broad.
Currently,The total economic output of the SCO is close to 20 trillion US dollars, which is more than 13 times higher than that at the beginning of its establishment, and the total foreign trade volume reaches 6.6 trillion US dollars, which is 100 times higher than that 20 years ago.
China’s Trade Index with SCO Member States released in April this year shows that,The total value of China’s imports and exports to SCO member countries increased from 17.14 billion US dollars in 2001 to 244.85 billion US dollars in 2020, with an average annual growth rate of 15%.From the perspective of trade structure, China’s exports to Shanghai countries are mainly mechanical and electrical products and labor-intensive products, accounting for 75.4% of the total export value, while imports from Shanghai countries are mainly crude oil, agricultural products, iron ore, copper and natural gas, accounting for 61.6% of the total import value. (CCTV News)
2. Ministry of Industry and Information Technology: China’s electric smart cars form a first-Mover advantage on a global scale
The two-day 2021 China Auto Chongqing Forum closed yesterday (June 13th). The relevant person in charge of the Ministry of Industry and Information Technology said that the latest data shows thatChina’s electric smart cars have formed a certain first-Mover advantage in the global scope.
The relevant person in charge of the Ministry of Industry and Information Technology pointed out that at present, the global automobile industry has entered a period of great change that has never happened in a hundred years. Electrification, networking and intelligence have become the trend and trend of development. The functions of automobile products have changed from simple means of transportation to mobile energy storage units and smart digital spaces, and the proportion of electronics and software in the value chain has increased day by day. On the whole, China’s automobile industry has entered the overlapping period of its own transformation and upgrading and global technological changes. The latest data shows that the development of this industry has achieved positive results.
Luo Junjie, Director of Equipment Industry Division I, Ministry of Industry and Information TechnologyThe R&D capability of enterprises has been significantly enhanced, and the product quality level has been steadily improved. The production and sales of new energy vehicles have ranked first in the world for six consecutive years.In May this year, our market penetration rate exceeded 10%, and the loading rate of L2-class self-driving new cars exceeded 15%, which formed a certain first-Mover advantage in the world.
The person in charge of the automobile industry branch of the China Council for the Promotion of International Trade also pointed out that,China automobile industry has ushered in a new era of electric intelligence.In 2020, although the sales of passenger cars in China decreased slightly, the intelligent networked passenger cars increased.The sales of semi-automatic driving cars exceeded 3 million, up 107% year-on-year, accounting for about 15%.It is predicted that by 2025, the market share of some self-driving and conditionally self-driving intelligent networked vehicles will exceed 50%. (CCTV News)
3. Guangzhou: Eight areas will be unsealed in an orderly manner after the assessment.
On June 14th, Chen Bin, deputy director of Guangzhou Municipal Health and Wellness Committee, informed the latest progress of epidemic prevention and control in COVID-19, Guangzhou, the orderly unsealing of closed and controlled management areas in batches, and the positive detection of Covid-19 nucleic acid by two medical staff in the Eighth Hospital affiliated to Guangzhou Medical University.Guangzhou Daily Xinhua City reporter was informed at the meeting that eight areas, including Nanzhou Mingyuan Community in Ruibao Street in Haizhu District, will be unsealed in an orderly manner after professional evaluation.
According to the report, from 0: 00 to 24: 00 on June 13th, there were 4 new confirmed cases in Guangzhou, all of which were discovered by the secret inspection of isolated hotels. At the same time, the close contacts and sub-close contacts of new cases are included in the centralized isolation medical observation.
From 21 May to 24: 00 on 13 June, a total of 146 cases of domestic infection were reported in this round of epidemic in the city. Among them, 139 cases were confirmed and 7 cases were asymptomatic. All the infected people in this round of epidemic have been treated in the eighth hospital of the city.
Chen Bin said that the following streets (regions) have applied according to the unsealing conditions on June 14th. After professional evaluation, the Municipal Prevention and Control Office will implement orderly unsealing according to relevant procedures:
Located in Nanzhou Mingyuan Community of Ruibao Street, Zhonghai Oak Garden Community of Shayuan Street and South Campus of Guangzhou Light Industry Senior Technical School of Binjiang Street in Haizhu District;
Wushan Campus of Guangzhou Automobile University and Guangzhou Yijing Landscape Design Co., Ltd. (Zhujiang New Town) located in Tianhe District;
Guangzhou Environmental Protection Technology Co., Ltd. located in Baiyun District;
Guangzhou Baiyun Mountain Zhongyi Pharmaceutical Co., Ltd. located in Huangpu District;
Located in the east of Jinxiu Peninsula in Panyu District.(Guangzhou Daily)
4. Dividing the scope of Erhai Lake protection and management in Dali, Yunnan Province: irrelevant buildings are prohibited in the first-class protection zone.
Recently, the People’s Government of Dali Prefecture, Yunnan Province issued the Notice on Printing and Distributing the Plan for Dividing the Protection and Management Scope of Erhai Lake.It is clear that the Erhai Lake basin covers an area of 2,565.19 square kilometers, and it is forbidden to build, rebuild or expand buildings and structures unrelated to the ecological protection of Erhai Lake in the first-class protection zone.
In the area of Erhai Lake basin designated this time, the first-class protected area is 259.20 square kilometers, the second-class protected area is 106.85 square kilometers, and the third-class protected area is 2199.14 square kilometers. Erhai Lake protection and management covers the whole Erhai Lake basin, including Xiaguan, Taihe and Manjiang streets under the jurisdiction of Dali City, nine towns of Dali, Yinqiao, Wanqiao, Xizhou, Shangguan, Shuanglang, Caise, Haidong and Fengyi, and six townships of Deng Chuan, Yousuo, niujie, Sanying, Zibihu and Fengyu under the jurisdiction of Eryuan County.
According to the requirements, in the first-class protected area:The first-class reserve protects biodiversity, implements ecological restoration, builds ecological corridors, expands lakeside buffer space, and protects and improves the ecological function of Erhai Lake. New construction, renovation and expansion of buildings and structures unrelated to the ecological protection of Erhai Lake are prohibited in the first-class protected areas.In addition to the buildings and structures that should be protected according to law within the protection scope of cultural relics protection units and historical and cultural towns, villages and traditional villages, the original buildings and structures should be gradually dismantled. In addition to the original residents of historical and cultural towns, villages and traditional villages, other residents should gradually move to the second-class protected areas for proper resettlement. (CCTV News)
5. China Railway ushered in the peak of return passenger flow during Dragon Boat Festival holiday today.It is estimated that 11 million passengers will be sent
China news agency, Beijing, June 14th The reporter learned from China National Railway Group Co., Ltd. (hereinafter referred to as China State Railway Group Co.,Ltd.) that,On June 13th, the national railways sent 8.655 million passengers and opened 527 passenger trains. On June 14th, the national railways ushered in the peak of return passenger flow during the Dragon Boat Festival holiday. It is estimated that 11 million passengers will be sent and 999 passenger trains will be opened.
China State Railway Group Co.,Ltd. said that during the holiday period, railway departments around the country coordinated epidemic prevention and control and transportation organization, and continued to increase transportation capacity. Shenyang Bureau Group Corporation added 104 temporary passenger trains and arranged 95 emus in key directions for reconnection, which increased the seating capacity by nearly 132,000.
Shanghai Bureau Group Corporation has added 36 through passenger trains and 186 in-line passenger trains to facilitate passengers’ return trip to the maximum extent.
Wuhan Bureau Group Corporation added 112 passenger trains from Wuhan to Beijing West, Shanghai Hongqiao, Hankou to Chongqing North and Yichang East, and reconnected 33 EMU trains from Wuhan to Shanghai, Hefei and Yichang.
Chengdu Bureau Group Corporation added 148 EMUs on popular lines such as Chengdu-Chongqing high-speed railway, Chongqing-Guizhou railway, Chengdu-Guizhou high-speed railway and Shanghai-Kunming high-speed railway.(Zhongxin. com)
03
International news
1. US sanctions against Russian government bonds came into effect on the 14th, and Russia said sanctions would only cause losses to American companies.
According to RIA Novosti, on the 14th, local time, the United States banned domestic enterprises from buying Russian government bonds denominated in rubles, and the sanctions came into effect on the 14th. In mid-April this year, the US government announced new sanctions against Russia, including prohibiting American companies from buying initial Russian government bonds, but they can buy and sell Russian government bonds in the secondary market. At the same time, it also expanded the scope of measures to prohibit American companies from buying newly issued euro-denominated government bonds in Russia.
The Russian Ministry of Finance said that only newly issued government bonds will be launched from June 16, but this decision will not affect the issued government bonds. On the 16th, the Russian Ministry of Finance will issue three treasury bonds worth 500 billion rubles respectively.In response to U.S. sanctions, Russian Finance Minister Siluanov said that U.S. sanctions will not affect the issuance strategy of Russian government bonds, and the U.S. factor has long been taken into account. He said that Russian national debt is one of the safest and most reliable national debt in the world. Despite US sanctions, Russian national debt will still maintain a high demand rate, and sanctions will only cause losses to American companies. (CCTV News)
2. Millions of doses of Johnson & Johnson vaccine were scrapped and South Africa demanded a replacement.
South African regulators announced on the 13th that South Africa will not distribute millions of doses of "problem vaccine" produced by an American factory, and is negotiating with vaccine supplier Johnson & Johnson for replacement.The South African Health Products Regulatory Authority issued a statement saying that after evaluating the data provided by the US Food and Drug Administration, it decided not to distribute the COVID-19 vaccine delivered by Johnson & Johnson, which may have contaminated raw materials.
South African Health Ministry officials said that the decision involved 2 million doses of Johnson & Johnson vaccines, which are currently stored in a laboratory of Ai Shijian, the largest pharmaceutical company in South Africa.The official said that the South African government is strengthening with the United States.The health company discussed returning this batch of vaccines.
On the 11th, the US Food and Drug Administration reported that several batches of Johnson & Johnson COVID-19 vaccine produced by a factory of American emerging biotechnology company were "unsuitable for use". The factory, located in Baltimore, Maryland, previously produced two COVID-19 vaccines at the same time, one is Johnson & Johnson vaccine and the other is AstraZeneca vaccine.
The factory involved had many problems before, including mixing the raw materials of Johnson & Johnson vaccine and AstraZeneca vaccine, substandard hygiene, irregular production process, etc., and was ordered to stop production by the Drug Administration in April.
On the 11th, The New York Times and other media quoted sources as saying that the FDA asked Johnson & Johnson to "abandon" about 60 million doses of problematic vaccine.
The European Medicines Agency said in a statement on the 11th that Johnson & Johnson delivered a batch of vaccines to Europe before and after the raw material pollution problem occurred in the Baltimore factory. As a precautionary measure, European Medicines Agency（EMA） does not recommend the use of these vaccines in Europe. Reuters reported that the number of the vaccines was in the millions. (Xinhua News Agency)
3. Japanese media: The leaders of Britain, the United States and France publicly expressed their support for the Tokyo Olympic Games as scheduled.
Xinhua News Agency, Tokyo, June 13th According to Japanese media reports, the leaders of Britain, the United States and France all expressed their support to Japanese Prime Minister Suga Yoshihide during the G-7 summit.
The first to express support for Suga Yoshihide was British Prime Minister Johnson. According to the Nikkei News, a spokesman for the British Prime Minister’s Office said: "The Prime Minister (when meeting with Suga Yoshihide) expressed his support for the Tokyo Olympic Games and welcomed Japan’s efforts to host the Olympic Games safely."
When meeting with Suga Yoshihide, US President Biden also expressed his support for the Tokyo Olympic Games. In a statement issued after the meeting, the White House said: "President Biden stressed that he supports the Tokyo Olympic Games to be held under the condition of providing necessary epidemic prevention measures and ensuring the health of athletes, staff and spectators."
It is also reported that when French President Macron met with Suga Yoshihide on the same day, he once again stressed that he would attend the opening ceremony of the Tokyo Olympic Games on July 23rd as the leader of the next Olympic Games host country.
At the press conference two days ago, the president of the Tokyo Olympic Organizing Committee, Seiko Hashimoto, said that the Tokyo Olympic Organizing Committee would be "very grateful" if the Tokyo Olympic Games could be supported by the Group of Seven. (Xinhua News Agency)
4. Frequent mistakes in vaccination in COVID-19, Japan Many elderly people were vaccinated with scrapped vaccines.
Japanese COVID-19 vaccination was once again exposed to mistakes.According to Japanese media reports on the 13th, in Tokyo, four elderly people were vaccinated with vaccines that have been decided to be scrapped. In Kawasaki City, nearly 6,400 doses of vaccine were discarded due to improper storage.
According to TBS TV, on the morning of 13th, at a COVID-19 vaccination site in Chiyoda-ku, Tokyo, four elderly people in their 70s and 80s were "wrongly vaccinated with vaccines that were destined to be scrapped due to improper storage". Chiyoda said that on the 12th, the staff decided to scrap a batch of vaccines because the storage temperature was not up to standard, and marked "No Use" on the vaccines. However, on the 13th, four elderly people were inoculated with the vaccines scheduled to be scrapped.
It is said that up to now, these four elderly people have not had any adverse reactions. Chiyoda District will test their antibodies in two or three weeks to decide whether they need to be vaccinated again.
Cases like this "vaccination of scrapped vaccines" and "scrapping vaccines due to poor storage" are endless in Japan. According to a report by NHK TV on the 13th, there was a "temperature out of control failure" in a cold storage for Pfizer vaccine in Kawasaki City. The cold storage environment that should have been maintained at minus 80 degrees Celsius to minus 60 degrees Celsius was once heated to 8 or 9 degrees Celsius-and, after investigation, this out-of-control temperature rise occurred on the 11th and 12th, but it was not discovered until the 13th, resulting in the scrapping of 6,396 doses of vaccine.
COVID-19 vaccination was launched on February 17th, targeting about 4.8 million medical staff in the first batch, and people over 65 years old began to be vaccinated on April 12th. In the past few months, there have been many mistakes in Japanese vaccination, such as one person being given three doses of vaccine, one person being given two doses of vaccine on the same day, the interval between the two doses of vaccine being wrong, injecting undiluted vaccine stock solution, making empty needles, mistaking normal saline for vaccination, injecting vaccines with insufficient concentration, etc. (CCTV News)
5. South Korea: From July 1 ST, overseas vaccine injectors can enter the country conditionally without isolation.
On June 13, local time, the South Korean government announced a new policy on quarantine measures for overseas vaccine injectors.The policy stipulates that from July 1, conditional entry-free isolation measures will be implemented for immigrants. The specific contents include that after 14 days of completing the injections required for vaccination in the same country abroad, you can apply for exemption from entry quarantine when you go to Korea. Korean citizens who have completed vaccination abroad can also be exempted from entry quarantine when visiting their immediate family members in Korea.However, the relevant policies do not include the entry personnel from Covid-19-spreading countries identified by the Korean government, including South Africa, Brazil, Chile, Zimbabwe, Bangladesh, Tanzania and other 13 countries. In addition, COVID-19 vaccines vaccinated abroad must be those approved by the World Health Organization for emergency use, including Pfizer, Jansen, Mardner, AstraZeneca and two China vaccines-Sinopharm vaccine and Kexing vaccine.
South Korea’s health department said that since May 5, South Korea has exempted quarantine measures for those who have completed vaccination in South Korea after leaving the country. This new policy is to further improve the quarantine measures for entry. (CCTV News)
