At this time, trump, who is about to leave office, once again attacks Chinese enterprises
Trump opens another blacklist
The trump administration plans to include SMIC, Chinas largest chip maker, and CNOOC, Chinas offshore oil and gas producer, on the so-called list of companies linked to the Chinese military, the Global Times quoted Reuters as saying, limiting their contact with U.S. investors.
As of press release, the decline of CNOOC in Hong Kong stock market expanded to nearly 10%, the total market value fell by HK $400 billion to close at HK $380 billion, and CNOOC oilfield services fell by more than 11%. In a shares, COSL pulled back from its brief dive and fell 0.51% as of press release.
This is the first time that CNOOC has been officially named by trump.
Repeatedly named by the core international morning short diving, near midday quickly rebounded more than 2%. On the news, SK Chongqing factory was closed due to the epidemic, and global flash memory supply was tight, which brought significant benefits to the domestic chip industry.
The United States previously defined 89 Chinese enterprises as having military background and prohibited them from buying American products and technology.
In response, Chinese Foreign Ministry spokesman Zhao Lijian responded at a press conference on November 23 that China firmly opposed the US sides groundless crackdown on Chinese enterprises, and repeatedly expressed its solemn position in this regard. What the United States has done seriously violates the market competition principles and international economic and trade rules that the United States has always boasted, and will certainly damage the national interests and self-image of the United States. Zhao Lijian also said that Chinese enterprises always adhere to the rule of law and comply with the laws and regulations of various countries, including the United States, in their international operations. The US side should stop its misbehavior of generalizing the concept of national security and suppressing foreign enterprises.
Suddenly! Sk Chongqing factory shut down due to epidemic situation
Semiconductor, chip plate crazy pull up
Sk Hynix Chongqing plant
According to previous reports of Chongqing daily, SK Hynix Semiconductor (Chongqing) Co., Ltd., located in Chongqing Xiyong Free Trade Zone, mainly undertakes the post process business of SK Hynix Semiconductor, including semi conductor post process services such as probe test assembly, packaging, packaging test, module assembly and module test, as well as the R & D and design of semiconductor products and similar products. At present, nandflash is mainly used in mobile devices, such as smart phones, tablet computers and USB.
Since the completion and commissioning of SK Hynix Chongqing project phase II project in September 2019, the annual production of chips is expected to be close to 2 billion, accounting for more than 40% of the entire SK Hynix flash memory products. It is the worlds largest overseas packaging and testing base.
This means that the temporary shutdown of SK Hynixs Chongqing factory will directly affect SK Hynixs 40% flash sealing and testing capacity, and SK Hynix Semiconductor Co., Ltd. is the second largest memory manufacturer in the world.
Affected by this news, the semiconductor and chip plates, which were once slightly down because of the US crackdown, have fully digested the above adverse effects and rebounded comprehensively and rose rapidly near midday.
According to industry insiders, as early as SK Hynix Chongqing plant announced the temporary shutdown, there had been a serious shortage of capacity in the later section of the sealing test.
According to a report in the flash market last week, the capacity of several sealing and testing companies is at full capacity, some enterprises are stepping up the construction of sealing and testing production lines, and some chip design companies such as Zhuosheng micro are also increasing the capacity of self built sealing and testing.
Central bank promotes 200 billion MLF
The net investment of reverse repurchase was 110 billion yuan
Before the 30 th trading day, the central bank announced that in order to maintain the stability of liquidity at the end of the month, 200 billion yuan medium-term loan facility (MLF) operation and 150 billion yuan reverse repurchase operation were carried out on November 30, with the bid winning rate of 2.95% and 2.20% respectively. In addition, the peoples Bank of China will carry out medium-term loan facility (MLF) operation on December 15 (including one-time renewal of two MLF maturities on December 7 and 16). The specific operation amount will be determined according to market demand and other conditions.
According to the announcement, the central bank launched a 7-day reverse repurchase operation of 150 billion yuan today. As the 40 billion yuan reverse repurchase expired today, the net investment of 110 billion yuan was realized on that day.
A total of 430 billion yuan of reverse repurchase matures in the open market of the central bank this week, of which the maturities from Monday to Friday are 40 billion yuan, 70 billion yuan, 120 billion yuan, 80 billion yuan and 120 billion yuan respectively.
In terms of funds, on November 27, the interbank market was more relaxed, and the weighted interest rate of overnight pledge repo (dr001) fell more than 28bp again, approaching 0.8%, a new low in this quarter; the seven day price was still strong across the month, but the supply was not worried.
At the same time, the interest rate of interbank certificates of deposit continued to rise. The issuance rate of one-year certificates of deposit of large banks rose to 3.35%, which exceeded the market interest rate of 10-year Treasury bonds, reflecting the shortage of medium and long-term liquidity.
Analysts believe that, near the end of the month, fiscal expenditure has been put into force, but the central bank has not recovered. With the monetary and financial double insurance, liquidity at the end of the month and even at the end of the year should be stabilized, while the pressure on the banks liability side may be alleviated after a large amount of financial funds are put into operation at the end of the year.
Financial stocks broke out
Affected by this news, today, the big financial plate ran. The insurance sector led the gains, with the index up 4.22%, while brokers, banks and non banks also rose 2% as a whole.
Among bank stocks, Bank of Qingdao and Bank of Xiamen were both trading, Industrial Bank rose 6.16%, and CCB rose more than 5%.
The leading big brother Cosmos bank -- ICBC rose nearly 5% at the beginning of the day, then fell back and rose 1.86% by midday.
China Ping An, the first insurance company, rose 4.46%.
Strong economic recovery
Guide plate rotation
In addition to taking care of the market, the International Bureau of statistics has also released various good news.
In November, the PMI of the manufacturing industry was 52.1%, and the sub indexes were generally improved. The market vitality of the manufacturing industry was further strengthened, and the recovery growth was significantly accelerated. Among the 21 industries surveyed, the number of PMI in the expansion range increased to 19, and the prosperity of manufacturing industry expanded.
From the industry situation, the production index and new order index of pharmaceutical, electrical and mechanical equipment, computer communication electronic equipment, instruments and meters related to high-tech manufacturing are all higher than 56.0%, which are in a relatively high boom zone, and the production and demand release is accelerated, which further enhances the overall leading role of the manufacturing industry. At the same time, driven by the demand of downstream industries, the price of upstream products has increased More obvious. In November, the two price indexes of petroleum processing, coal and other fuel processing, chemical raw materials and chemical products, ferrous metal smelting and rolling processing, nonferrous metal smelting and calendering processing industries were all in the high boom range above 60.0%.
In addition, since this year, PMI of textile and garment industry has always been below the critical point, and the industry prosperity continues to be weak. Among the export enterprises, 18.8% reflected the impact of RMB exchange rate fluctuation, which was 1.7% higher than that of last month. Some enterprises said that with the continuous appreciation of RMB in recent years, their profits were under pressure, and export orders decreased.
However, the construction industry has rebounded at a high level. The business activity index of the construction industry was 60.5%, 0.7 percentage points higher than that of the previous month, returning to the high economic range, and the construction industry production activities generally accelerated.
Obviously, industries in the high boom zone have performed since November.
The nonferrous index has risen nearly 30% since November.
Textile index in the first ten days of October after the rise, rapid decline, hovering in the low.
Shanghai and Shenzhen 300 broke through 5000 points for the first time in history
From its low at the end of 2018, the CSI 300 index has risen 70% in two years.
Today, the top five stocks were: Apple concept stock Pengding holding, brokerage concept stock Dongfang fortune, ophthalmology concept stock Kanghong pharmaceutical, entertainment leader mango hypermedia, and nonferrous plate leader Jiangxi copper.
Last week, China Securities Index Co., Ltd. announced that it would adjust the samples of CSI 300, CSI 100, CSI 500 and CSI Hong Kong 100. The adjustment took effect on December 14.
After the sample adjustment, the ratio of CSI 300 and CSI 500 to the total market value of Shanghai and Shenzhen markets is 57.25% and 15.12% respectively.
Source: Yang Qian, editor in charge of China fund daily_ NF4425