This article first appeared on WeChat public number: Wind information. The content of the article belongs to the author's personal opinion and does not represent the position of Hexun.com. Investors should act accordingly, at their own risk.

Important economic agenda

1,

Chinese President Xi Jinping went to Hong Kong from June 29 to July 1 to attend the 20th anniversary of Hong Kong's return to the motherland

2. Summer Davos Forum will end on June 29th

3. The 15th East Asia Forum. Forum theme: "20+3 cooperation 20th anniversary: ​​Towards the East Asian Economic Community" until July 1.

4, 07:50 Japan's retail sales in May

5, 09:00 The Ministry of Foreign Affairs held a briefing for Chinese and foreign media, which will introduce President Xi Jinping's state visit to Russia and Germany and attend the G20 Leaders Summit in Hamburg.

6,16:30 UK central bank mortgage loan amount (100 million pounds), M4 money supply

7, 17:00 Eurozone June economic sentiment index

8, 20:00 Germany June CPI ring ratio initial value

9, 20:30 US first quarter real GDP annualized quarter-on-quarter value, first application in the week of June 24, renewal of unemployment benefits

Macro

1,

Xi Jinping will arrive in Hong Kong at noon on June 29 to attend the series of activities to celebrate the 20th anniversary of the return of Hong Kong to the motherland. President Xi will speak to the media at the airport.

2,

The central bank did not conduct open market operations on Wednesday. On the same day, 50 billion reverse repurchase expired, and the net return was 50 billion yuan. This is the central bank's suspension of open market operations for four consecutive days. Shibor has been down for the first time since August 4, 2016.

3,

Li Keqiang met with representatives of entrepreneurs in Davos Forum: The implementation of "Made in China 2025" is inseparable from Sino-foreign cooperation; foreign companies are welcome to come to China to participate in mergers and acquisitions; further open up the service industry's entry barrier to foreign investment and implement negative list management; Foreign investors have huge room for development in basic telecommunications and value-added; this year will cut customs clearance time by a third.

4,

Five ministries and commissions such as the National Development and Reform Commission and the Ministry of Housing and Urban-Rural Development: Establish a multi-level and diversified investment and financing system with government input, various financial institutions and social capital to support each other; improve incentive mechanisms and encourage social capital to fully participate in urban (suburban) railway investment, construction and operation. , management and other aspects.

5, one wealth:

The Ministry of Finance and a number of ministries and commissions have launched a new round of joint action to block and clean up local government illegal and illegal debt guarantees. From serious accountability to issuing a detailed list of illegal debts, it is rare. The vice chairman of the local CPPCC was downgraded and the director of the Finance Bureau was dismissed.

6,

Ministry of Commerce: The Mainland and Hong Kong CEPA Investment Agreement and CEPA Economic and Technical Cooperation Agreement were signed in Hong Kong.

7,

According to the economic reference headline, China's economic operation has remained stable, but the uncertainty of the external environment has increased the difficulty factor of China's economic growth. It is expected that China's export growth will gradually decline in the second half of this year, and the driving force for domestic economic growth will be correspondingly weakened. Therefore, China needs to stand on its own feet, plan ahead, and adopt forward-looking policy adjustments to continue the expansion of domestic aggregate demand to keep the economy stable and far-reaching.

8. Economic Reference:

As a major event in the reform of state-owned enterprises, the state-owned capital investment and operation company pilots will be expanded and the authorization will increase. At present, a number of selected pilot central enterprises have basically clarified the reform ideas, and formulated plans to gradually reform. At the same time, the SASAC has conducted several rounds of research and has accelerated the expansion of the pilot and reform. According to the reform ideas of the SASAC, the central enterprises in the future will be mainly divided into three categories, namely, real estate groups, investment companies and operating companies.

9. Shanghai Securities News: Liquidity is loose, capital prices fall, and the mid-year, the tightness of funds in June is expected to become a “false alarm”. A number of institutions said that the funding in July is expected to remain tight. According to Wind's statistics, a total of 917.5 billion yuan was due in July, of which 560 billion yuan was reverse repurchase and 357.5 billion yuan was MLF. About 70% of the funds will expire in the first half of the month.

Domestic stock market

1,

The Shanghai Composite Index dipped in the late session, closing down 0.56% to end Sanlianyang, reporting 3173.2 points; Shenzhen Component Index fell 0.8%, GEM index fell 0.64%, SSE 50 was high and then low, and finally fell 0.67%. The blue-chip white horse stocks put pressure on the tail. The two cities traded 371.2 billion yuan, down from 382.9 billion yuan last day.

2,

The Hang Seng Index closed down 0.61% to 25,683.50, the Hang Seng China Enterprises Index fell 0.86%, and the Hang Seng Red Chip Index fell 0.47%. Hong Kong's cents fell for two consecutive days, with 11 stocks falling more than 30% at the close. The market turnover was HK$77.046 billion, slightly higher than the HK$72.523 billion traded on the previous day.

3,

The CSRC: "Administrative Measures for the Appropriateness of Securities and Futures Investors" will be officially implemented on July 1. The approach does not limit the freedom of investors to trade, but rather allows the right investors to buy the right products. The CSRC will continue to summarize its experience and continuously optimize and improve the appropriateness management system.

4,

The Shenzhen Stock Exchange modifies the business rules for the delisting period, and proposes that individual investors who participate in the delisting period of stock purchase transactions must have more than two years of trading experience. The average daily securities assets of the 20 trading days before applying for the opening authority shall not be lower than 500,000 yuan.

5,

The Shenzhen Stock Exchange's Hong Kong Stock Connect Investor Appropriate Management Guidelines are issued. When assessing the individual investor's assets, it is necessary to confirm the securities account opened in the name of the investor and the assets in the fund account before the application for the opening of the 20 transactions. The daily average is not less than 500,000 yuan, which does not include the funds and securities that the investor has integrated through margin trading.

6,

The China Securities Industry Association has issued a trial guide for the implementation of the appropriateness management of securities institutions. If a securities operation institution sells or provides products or services that are not higher than the original risk level to the old customers, it can continue without being affected.

7,

It is easy to say that the company has changed its controlling shareholder in recent days. LeTV is no longer a controlling shareholder. The original management team continues to be responsible for easy management and operation. It is planned to hold a media communication meeting on July 4 for public explanation. According to the economic observation network: the relevant channels revealed that China Ping An 601318, the stock bar is most likely to be the new new controlling shareholder. According to one source, Yixin’s new controlling shareholder’s equity accounted for two-thirds.

8,

The HKEx consulted the market on the extension of the post-closing futures trading session. The recommendations include: extending the T+1 period of stock index futures in two phases; the trading session will be changed from 5:15 pm to 11:45 pm, and will be changed from 5:15 pm to 3 am the next day; The four active stock index options contracts are added to the T+1 period.

9,

HKEx: Research and development of the “Belt and Road” index; the index under development will be the first cross-border index related to the Belt and Road market in the offshore market. The constituent stocks are securities of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Exchange.

10. Shanghai Securities News: It is reported that the next step of the China Insurance Regulatory Commission will strengthen policy reserves, and timely introduce relevant policies according to industry needs and market conditions, further support insurance funds to play the role of institutional investors and increase investment in the Hong Kong stock market.

A number of insurance investment circles commented: "This will inevitably spur the enthusiasm of insurance funds 'southern'."

11,

Two new shares were purchased on Thursday. Dayuan pump industry purchase code: 732757; issue price: 22.42 yuan; purchase limit: 8000 shares. Lingxiao pump industry purchase code: 002884; issue price: 29.11 yuan; subscription limit: 19,000 shares.

12.

Important announcement of the listed company: Wanda Information 300168, the stock bar terminated the implementation of major asset restructuring; the two sides of the needle 600249, the stock bar said no mixed reform plan; China Merchants Highway and the North China Expressway 000916, the stock was approved; Guangzhou Port plans to build more than 1 billion yuan to build a logistics center The project; the Changfang Group terminated the planning of major events; cross-border 002640, the shareholder real agreement to transfer some of the company's shares; Longda meat 002726, the stock bar controlling shareholders promised not to reduce the company's shares within six months; Huibopu 002554, Shareholders were reduced by 2% stake in the controlling shareholder; Baoxin Software 600845, shares with China Taibao 601601, shares signed a contract of 5.5 billion yuan; Wanhua Chemical 600309, stocks in July pure MDI listing price cut; double-loop transmission 002472, stocks first repurchase 972,000 shares.

financial

1,

The fund industry association issued the “Guidelines for the Implementation of Appropriate Management of Fund-raising Institutional Investors (Trial)”, focusing on product structure, leverage level, and liquidity of investment targets, without limiting the specific grades of certain types of products. Compared with the draft for comments, the Guidelines remove the updated requirements for risk tolerance evaluation.

2,

The National Stock Transfer Company revised the rules on the appropriateness of investors, maintained the “5 million yuan” asset threshold, and changed the asset index of natural person investors from the “securities assets” standard to the “financial assets” standard. Investors who have opened the trading rights of the New Third Board before July 1 can continue to participate in the stock trading of listed companies.

3,

The much-watched central bank digital currency research institute quietly “listed”. Yao Qian, former deputy director of the Science and Technology Department of the People’s Bank of China, became the director of the Digital Monetary Research Institute. The deputy director was formerly deputy director-level cadre of the Science and Technology Department and Silk Road Fund Information Technology. Director Ding Gang took office. The institute will have seven divisions with different divisions of labor.

4,

Zhang Xiaohui, assistant to the central bank governor: The central government issued a series of financial policy measures to support the development of Hong Kong, further support the construction of the offshore RMB center in Hong Kong, promote the interconnection of financial markets between the two places, and actively support Hong Kong's participation in the “Belt and Road” construction; "The technical work is ready.

5,

Shanghai issued the guidelines for the negative opening of the financial services industry in the Pilot Free Trade Zone. It consists of two parts: the instructions for use and the form. It lists 10 categories and 48 items for the management of foreign-invested financial institutions and business management measures after foreign investment. Special management measures.

6,

The China Insurance Regulatory Commission disclosed that the insurance industry's original insurance premium income from January to May this year totaled 2.03 trillion yuan, a year-on-year increase of 26%. The original insurance premium income of the property insurance company was 430.438 billion yuan, a year-on-year increase of 13%; the original insurance premium income of life insurance companies was 1.6 trillion yuan, a year-on-year increase of 30%.

7. Securities Daily: According to the data, in the first quarter of this year, the short-term health insurance premiums of 28 insurance companies increased by more than 100% year-on-year, among which the fastest-growing insurance companies increased by 25,451.62%.

8,

CICC revised and officially issued the “Measures for the Implementation of the Financial Futures Investor Appropriateness System” and the “Guidelines for the Operational System of Financial Futures Investors' Appropriateness System”, adjusted the time limit for capital verification and the implementation plan for knowledge testing, and clarified that the members of futures companies should implement appropriateness systems. Implement a unified comprehensive assessment, multi-level audit and other requirements.

Property market

1,

The Beijing Municipal Commission of Housing and Urban-Rural Development announced a list of 389 in-transit projects, introduced relevant regulations for pre-sale permits, and promoted the entry of these projects as soon as possible; the notice made strict time regulations for projects that did not start construction and did not enter the market.

2,

Henan requires Zhengzhou City to record the price of pre-sale commodity housing in principle is not higher than the price of new commercial housing around October last year.

3,

Xi'an property market is restricted for sale, and can only be listed and traded after 5 years from the date of purchase; in the new town, Beilin District, Lianhu District, Yanta District and other areas purchased second-hand housing, the property owner obtained the "immovable property certificate" After 2 years, you can go public.

industry

1,

The State Council promulgated the "Guiding Opinions on Further Deepening the Reform of Basic Medical Insurance Payment Methods". The main contents include: the implementation of multi-component medical insurance payment methods to focus on the implementation of disease-based payment; the implementation of payment-related trials by disease-related sub-groups; Payment methods such as bed day payment; strengthen medical insurance supervision of medical behavior.

2,

Zeng Yixin, deputy director of the Health Planning Commission: Recently, the eight ministries and commissions issued the "Implementation Opinions on Reforming and Perfecting the Shortage Drug Supply Security Mechanism", aiming at improving the construction of the drug supply security system and taking effective measures to solve low-cost drugs and "life-saving drugs". "Orphan drugs" and the supply of children's medications.

3,

Ministry of Finance: The income from microfinance loans obtained by approved microfinance companies is exempt from value-added tax. When calculating the taxable income, 90% is included in the total income; from January 1 this year to the date of issuance of the notice The value-added tax that has been levied exempted may be deducted from the value-added tax payable by the taxpayer in the next month or refunded.

4, each time:

Under the dual pressures of overcapacity and environmental protection, the cement industry has restricted production into the peak season in summer, and many cities across the country, including Hebei, Shanxi, and Hunan, have successively issued summer peak-stop kiln-limited production plans. Nine Sichuan cement companies recently announced a price increase of RMB 50/ton, which will be implemented from June 26 this year.

overseas

1,

ECB President Draghi: Monetary policy should not be overburdened; confidence is that productivity will improve. Source: Draghi’s speech was intended to prepare the market for a possible stimulus decision later this year, but it does not give an exact guarantee; the ECB will be patient with inflation and can accept inflation for a longer period of time. Achieve goals.

2,

Bank of England Governor Carney said that the removal of some easing measures may be necessary, interest rate changes are gradually and limited, the Monetary Policy Committee will discuss the issue of interest rate increase in the next few months, the tolerance for inflation is too fast limited.

3,

The initial value of US wholesale inventories increased by 0.3% in May, and is expected to increase by 0.2%. The previous value is down by 0.5%. The US trade deficit in May was $65.9 billion, and the expected deficit was 66 billion. The previous value was revised to a deficit of 67.1 billion from a deficit of 67.6 billion.

4,

Cohn, the White House economic adviser: President Trump is 100% committed to tax reforms, and the White House is still trying to complete the tax reform by the end of 2017; the tax reform target includes tax cuts for the middle class and seeks to simplify the tax system and cut corporate taxes.

5,

Forsa poll: German Conservative Chancellor Merkel’s Conservative Party’s support rate is 40%, the highest level since September 2015; the Social Democratic Party’s support rate is 23%.

6. German Finance Minister 朔Ibler:

The current debt relief for Greece is equivalent to the fourth Greek bailout.

7,

European Commission: Extending economic sanctions against Russia for six months to January 31, 2018, still engaged in a dialogue on EU-Japan trade agreements; Brexit will create a financing gap, resulting in long-term budget changes, The EU's long-term budget will face new financing challenges brought about by immigration, security, borders, counter-terrorism and defense.

International stock market

1,

The three major US stock indexes closed up, and the technology stocks rose higher. The Dow rose 0.68% to 21,454.61 points; the Nasdaq rose 1.43% to 6234.41 points; the S&P rose 0.88% to 2,440.69 points.

2,

The three major European stock indexes fell across the board. The UK's FTSE 100 index closed down 0.63% to 7738.80. The French CAC40 index closed down 0.11% to 5252.90 points. The German DAX index closed down 0.19% at 12,647.27 points.

3. Federal Reserve Stress Test:

A plan to approve the return of 33 of the 34 banks to investors, of which Capital One Bank needs to resubmit the report. The US banking sector rose after the market. Bank of America rose 1.68% after the market, Citigroup rose 0.91%, JP Morgan Chase rose 2%, Morgan Stanley rose 0.9%.

4,

US technology stocks rebounded, Apple rose 1.46%, Google A shares rose 1.36%, Netflix rose 1.58%, Amazon rose 1.39%, Facebook rose 1.77%, Microsoft rose 0.85%, Tesla rose 2.45%.

5, NetEase: Informed sources said that Alibaba is negotiating to buy ZTEsoft from 2 billion to 3 billion yuan; the two companies have been negotiating for several months, and the transaction is nearing completion.

6,

Qualcomm VR product manager said at the VR World Conference that Qualcomm will work with three partners to create a head-mounted display accelerator program (HAP), including sensor manufacturer Bosch Sensortec, image sensor manufacturer OmniVision and controller manufacturer Ximmerse .

7. Respond to the request of the SARFT to shut down the audiovisual program service: use the Weibo account to distribute movies and TV dramas, and it should have a "Picture Film Release License" or "TV Play Release License";

Turn off long video uploading for more than 15 minutes, as well as auto-parsing, function, and suggest users with such needs to upload or watch on a dedicated video site. Microblogging closed up 0.41% to $69.36.

commodity

1. WTI August crude oil futures closed up 0.50 US dollars, or 1.13%, to 44.74 US dollars / barrel. Brent August crude oil futures closed up 0.66 US dollars, or 1.41%, to 47.31 US dollars / barrel.

Oil prices rose for five consecutive trading days.

2,

COMEX August gold futures closed up $2.20, up 0.2% to $1249.10 an ounce. Boosted by the fall in the dollar.

3,

Most of the basic metals in London have risen. LME copper closed up 0.4% at $5881/ton. LME zinc closed down 0.5% to $2,734/ton. LME lead closed up 0.4% at $2,296/ton. LME aluminum closed up 0.7% at $1,896/ton. LME nickel closed up 0.1% at $9,270/ton. LME tin futures closed up 0.9% at $19445/ton.

4,

Most domestic commodity futures rose at night. Iron ore closed up 1.64%. Coke and coking coal closed up 1.79% and 4.14% respectively, while thermal coal closed down 0.46%. Vegetable oil, soybean oil and palm oil rose 0.75%, 1.43% and 0.34% respectively. Vegetable and soybeans closed up 0.04% and 0.13%, respectively, and soybean meal was flat.

5. China Securities Network:

According to the market research of Shanghai Steel Union 300226 and the stock coal coke business unit, “China’s ban on coal import business at some ports since July 1st” is true. The terminals that are banned from importing coal business mainly include Fujian’s Port of Kemen and Ningde. Hong Kong, Dongwu Port and Hainan Ledong Port. For example, the first-tier ports in China must discharge the customs supervision field. It is estimated that the annual import volume of coal will drop by 20-30 million tons.

6,

CICC revised and officially issued the “Implementation Measures for the Financial Futures Investor Appropriateness System” and the “Guidelines for the Operational System of Financial Futures Investors' Appropriateness System”.

7,

Development and Reform Commission: With the arrival of summer peaks, the demand for coal, electricity, and oil transportation will increase substantially. There will still be safeguard pressure during peak hours in some areas. In order to ensure a stable summer peak in 2017, it is required to accelerate the release of high-quality coal production capacity. Guarantee coal supply.

8. Goldman Sachs:

Affected by domestic capacity-reduction measures, China's steel exports may fall to a minimum of 50 million tons next year; exports will fall to 50-60 million tons in 2018, compared with 60-80 million tons.

9. China Times:

Due to tight supply in the steel market and rising prices, the profits of the billet rolling stocks have shrunk significantly. Some of the billet rolling enterprises have reduced production and willingness to stop production. This year, the profits of steel mills are considerable, and the overloading of equipment is more common. After the steel mill will usher in the inspection season, supply pressure or ease.

10.

China Securities Network: The Ministry of Industry and Information Technology convened China Aluminum Corporation 601600 on Wednesday, and the companies such as the stock bar and the China Nonferrous Metals Industry Association held a symposium. The head of the Ministry of Industry and Information Technology said that the supply side reform must be strictly promoted, but the specific reduction target of electrolytic aluminum was not given.

11,

In the US on June 23, EIA crude oil inventories reached 118,000 barrels, expected to be -2.25 million barrels, and the previous value was -25.51 million barrels. In the United States on June 23, the EIA Cushing area crude oil inventory -297,000 barrels, expected to -6 million barrels, the previous value of -108,000 barrels. In the US on June 23, EIA gasoline stocks were -894,000 barrels, which is expected to be flat, with a previous value of -578,000 barrels.

Bond

1. The Shanghai Stock Exchange and the Shenzhen Stock Exchange issued the “Administrative Measures for the Appropriateness of Investors in the Bond Market (Revised in 2017)”. Public company bonds and asset-backed securities with a debt rating lower than AAA are adjusted to allow only institutional investors among qualified investors. Buy.

2. China Securities Network:

The "Guiding Opinions of the China Securities Regulatory Commission on Piloting Pilots of Innovative and Entrepreneurial Companies (Draft for Comment) is expected to be officially released in the near future, and innovation and startup corporate bonds are expected to enter the regular issuance.

3,

Treasury bond futures opened lower and fluctuated and fell. The 10-year bond futures contract T1709 fell 0.21%, and the 5-year bond futures contract TF1709 fell 0.07%. The yield of the current bond is up, the 10-year National Open Active Bond 170210 yield is up 1.78bp to 4.165%, and the 10-year Treasury active coupon 170010 is up 2.25bp to 3.53%.

4,

Near the end of the season, the issuance of auto financial asset securitization (ABS) products quietly accelerated. According to the China Bond Information Network, two auto finance ABS products issued registration application reports on the 26th, which is planned to be issued in the Bank of China 601988, the stock market, with a total scale of 32 billion yuan.

Foreign exchange

1,

On the shore, the closing price of RMB against the US dollar at 16:30 was 6.7992, up 109 basis points from the previous trading day, a record high of nearly two weeks. The central parity of the yuan against the US dollar rose by 239 basis points to 6.8053, the largest increase in nearly four weeks.

2,

The US dollar index continued to fall by 0.45% to 96.0497, setting a new low since November 10 last year. The pound rose 0.87% against the dollar to a three-week high after Bank of England Governor Carney said it might need to raise interest rates.

Your spit and forwarding is our driving force