Original title: [heavyweight financial prospect] the new securities law came into effect. In February, manufacturing PMI announced that during the epidemic prevention period, enterprises in all provinces and cities except Hubei returned to work one after another. The client of Zhongxin Jingwei reminded you to pay attention to staggering the peak hours of going to and from work. What are the big financial events that will affect your "money bag" next week? Let's watch it in advance! Next week, China will release the balance of trade in January and February, China's manufacturing PMI will release, Australia's Australian Federal Reserve will release the March interest rate resolution, Canada's central bank will release the March interest rate resolution, South Korea will release the February manufacturing PMI, Australia will release the February PMI.
Market hot spot 1. The new securities law came on March 1, lasted for four and a half years, and the securities law of the people's Republic of China (2019 Revision) revised by the fourth review was officially implemented. In the new securities law, there are no more specific provisions on listing and delisting, and the corresponding rules on application for listing, suspension of listing and termination of listing in the original securities law are deleted. In addition, in addition to the written confirmation opinions of the directors and senior executives on the securities issuance documents and regular reports, the new securities law specifically stipulates that the board of supervisors shall also review the above documents and put forward written review opinions, and the supervisors shall sign the written confirmation opinions. It is worth noting that the shareholders who hold 5% of the voting shares of the listed company shall not be required to "show their body" after March 1 for every 5% increase or decrease in the voting shares, but "show their cards" for every 1% change in the range. The listed company shall be notified and announced the next day when the fact occurs. 2. On March 2, 2020, the shares of Zhejiang Jianye Chemical Co., Ltd. will be listed on the Shanghai Stock Exchange, referred to as Jianye shares, with the code of 603948. It is understood that the company is a medium-sized chemical enterprise, established in 1958, with two wholly-owned subsidiaries. In addition, the company's main business is the production, R & D and sales of low-carbon fatty amines, plasticizers, acetate, electronic chemicals, etc. 3. 23 companies will disclose their annual reports according to the pre disclosure schedule of the regular reports of Shanghai and Shenzhen Stock Exchange. Next week, 23 companies will disclose their 2019 annual reports. 19 companies carried out performance forecast, 7 companies increased in advance, 1 company increased slightly, 2 companies decreased in advance, 5 companies decreased slightly, 2 companies continued to lose and 2 companies reversed their losses. Specifically, it is estimated that in 2019, the company's net profit will be 128 million yuan to 130 million yuan, with an increase of 17.72 times to 18.02 times. "The company's revenue scale of consumer electronic functional devices business has a larger growth than that in 2018, and the new product line consumer electronic structural devices business will also bring increment". In addition, it will complete the acquisition and holding of Guangdong atlas, and obtain non recurring profit and loss on net The impact amount of profit is about 36.11 million yuan. Ha air conditioner expects the net profit of 48 million yuan to 52 million yuan last year, an increase of 1.3 to 1.5 times. The company actively expands its market, and its operating revenue and net profit have achieved sustained and stable growth. The increase in non recurring profit and loss is about 13.53 million yuan. Last year, Yangpu medical and Yitong century turned losses and doubled their net profits; * ST Qiulin and Jiangquan industries continued to lose money last year. IV. there is no reverse repo due next week, and there is no positive repo, reverse repo and central bank ticket waiting period in the open market of the central bank. The central bank suspended the reverse repo operation for nine consecutive days, so the accumulated net withdrawal this week was 300 billion yuan. The focus of recent policies has gradually shifted to both epidemic prevention and control and economic growth, according to fixed income of CITIC Securities. In the future, in the closing year of building a moderately prosperous society in an all-round way and the 13th five year plan, counter cyclical adjustment is expected to increase: fiscal policy may appropriately increase the deficit rate to further improve efficiency, monetary policy still has room for easing, and policy banks may also increase their support for the real economy. Stock market outlook 1. There are four new shares to be subscribed next week, namely, Dongyue silicon, Jujie micro fiber, Heshun oil and beishidak. Dongyue silicon material Co., Ltd. and Jujie Micro Fiber Co., Ltd. will apply online from March 3 (next Tuesday), with subscription codes of 300821 and 300819 respectively; Heshun Petroleum Co., Ltd. and beishidake Co., Ltd. will apply online from March 4 (next Wednesday), with subscription codes of 732353 and 300822 respectively. According to the public information, Dongyue silicon material is one of the largest enterprises in the silicone industry in China. The company specializes in the R & D, production and sales of silicone materials, and its main products include silicone rubber, silicone oil, fumed silica and other downstream deep-processing products as well as silicone intermediates. Jujie microfiber is a leading enterprise in the field of domestic superfine composite fiber fabrics. The funds raised from the first listing will be used in the reconstruction and expansion project of superfine fiber fabrics and finished products, the construction project of superfine fiber dust-free super clean products, the construction project of R & D center, the construction project of domestic and foreign marketing service system, etc. Heshun oil's main business is wholesale and retail of refined oil, covering the links of purchase, storage, logistics, wholesale and retail of refined oil, forming a complete industrial chain in the field of refined oil circulation. The company is the first private oil enterprise in Hunan Province approved by the Ministry of Commerce to obtain the qualification for wholesale of refined oil products. It is based on the Changsha Zhuzhou Xiangtan city group in Hunan Province and faces the development of the whole province and its surrounding areas. Beishidak is a national high-tech enterprise with strong R & D strength. Its main business is the R & D, production and sales of intelligent controllers and intelligent products. Among them, the intelligent controller is mainly used in the field of electric tools, and is expanding to the fields of smart home, automobile motor, etc. its main customers include international famous enterprises such as TTI, Jiehe motor, etc. II. Institutional perspective on the policies of houshixingye securities in March: in terms of production suspension and policy growth, industrial added value and export growth may decline significantly in February due to the misplacement of Spring Festival and delayed resumption of work; in terms of price, CPI in February is expected to fall year-on-year due to the poor transportation of agricultural products, but it may still be at a high level of about 5.0%; and the price of bulk commodities falls Or make PPI turn negative again year on year. From this point of view, in order to ensure that the economy operates within a reasonable range and achieve the annual economic development goals, more counter cyclical adjustment policies, including tax reduction and fee reduction, special financial support, are expected to be introduced. The annual targeted reduction of Inclusive Finance may also be implemented in March, and the fund is expected to be stable across seasons. Guangzheng Hengsheng: the domestic epidemic situation eased, economic activities gradually recovered under strict control measures around the country, and the overall domestic epidemic situation gradually eased. The most direct impact of the epidemic on China's economy is reflected in the speed of resumption of work. The slowdown of resumption of work directly affects the resumption of production in the manufacturing industry after the festival, which has a significant impact on the manufacturing industry. Now it is in the critical stage of epidemic prevention and control, with strict conditions for resumption of work, and it is expected that industrial production will not return to normal in a short period of time. The epidemic has a short-term impact on China's import and export, but it will not change the long-term warming trend of China's foreign trade. If the epidemic can be effectively controlled, the export is expected to recover quickly. In January, CPI rose faster than expected, but the overall domestic industrial and agricultural production was stable, the market supply was sufficient, and the stable operation of prices had a solid foundation, and the epidemic would not lead to a comprehensive and sustained rise in prices. Monetary policy will continue to focus on coping with the impact of the epidemic on the economy, and provide funds to entities through targeted tools such as refinancing, while at the same time, reduce the LPR and MLF interest rates to guide the downward financing cost of the real economy. Galaxy Securities: when the short-term adjustment pressure of gem and technology stocks is greater, the U.S. stock market will not have a significant impact on China's stock market when it is in a small decline, but when the cumulative short-term decline reaches about 9% or more, the transmission effect on China's stock market is more obvious, which often leads to a short-term big fall. In the near future, due to the rapid rise of gem and technology stocks in the short term, the transaction amount of GEM has reached a historical record. Therefore, the short-term adjustment pressure of gem and technology stocks is large. In the context of the sharp drop of about 9% in the peripheral market, especially in the US stock market, it may induce the short-term continuous adjustment of gem. (editor in charge: df529)