Xinhua Financial Evening News: March 31
China has lifted nearly 800 million people out of poverty in the past 40 years.China Securities Regulatory Commission (CSRC) : Whether companies listed in the DEListing risk list by the SEC will actually delist in the next two years will ultimately depend on the progress and results of sino-US audit supervision cooperation.National Bureau of Statistics: PMI fell back into contraction territory in March.The Ministry of Transport: set up scientific and standardized highway epidemic prevention detection points, and set up a vehicle permit system for transport of key materials., the Ministry of Finance and the State Council development research center, and the world bank jointly issued by the China’s poverty reduction for forty years: driving force, the significance and future policy direction “, according to a report in the past 40 years, according to world bank global absolute poverty standard of $1.9 per person per day, China reduced the poverty population of nearly 800 million, accounts for more than 75% during the same period the number of global poverty reduction.• Responsible members of the Industry Department of the National Development and Reform Commission recently went to China Iron and Steel Association for a working meeting.The two sides exchanged views on the tasks and themes of deepening the supply-side structural reform of steel and promoting the high-quality development of the steel industry, and on the arrangements of key work such as consolidating the achievements of steel overcapacity reduction, accelerating the development of domestic iron ore projects, maintaining the smooth operation of the market, and promoting low-carbon innovation and carbon peak.• According to the National Development and Reform Commission, a new round of refined oil price adjustment window will open at 24:00 on March 31.The details of this adjustment are as follows: domestic gasoline and diesel prices will increase by 110 yuan per ton.• China and the U.S. Public Company Accounting Oversight Board (PCAOB) have had several rounds of candid, professional and efficient talks, and their communication will continue, said the head of the CSRC’s international department.Both sides are willing to resolve differences and problems. The final outcome depends on the wisdom and original aspiration of both sides.As for some companies listed by the SEC as being at risk of delisting, according to the SEC, this is a normal procedure for the US regulatory authorities to implement the Foreign Company Accountability Act. Whether the listed companies will be delisted in the next two years will ultimately depend on the progress and results of sino-US audit supervision cooperation.• In March, the manufacturing purchasing Managers’ index, the non-manufacturing business activity index and the composite PMI output index were 49.5%, 48.4% and 48.8%, respectively, lower than 0.7, 3.2 and 2.4 percentage points in the previous month, according to the National Bureau of Statistics. All the three indexes fell below the critical point, indicating that the overall economic climate level of China has declined.At the same time, survey companies said that as the epidemic has been effectively controlled in some areas, the suppressed production and demand will gradually recover, and the market is expected to pick up.• The Ministry of Transport announced that the Emergency Notice on Coordinating epidemic Prevention and control in Road Freight transport and Ensuring the Transport of Key Supplies was issued recently, pointing out that regular prevention and control measures for freight vehicles and personnel were strictly implemented.Categorically and accurately implement traffic control of trucks.Local joint prevention and control mechanisms should implement traffic control based on different levels and categorization, and ensure smooth passage of vehicles carrying key supplies from cities of medium and high-risk areas on the basis of meeting the requirements of epidemic prevention and control and holding permits.• The research Report of China’s Top 100 Real Estate Enterprises 2022 released by the Middle School shows that in 2021, the total sales volume and sales area of top 100 enterprises will reach 9,0802 billion yuan and 569.43 million square meters respectively, with year-on-year growth of 3.9% and 1.6%;As the real estate industry entered a phase of accelerated liquidation and survival of the fittest, the market share of the top 100 companies edged down 0.4 percentage points to 49.9%.The average net profit margin and return on equity of the top 100 enterprises decreased by 2.2 and 1.8 percentage points respectively.• Data from Shell Research Institute shows that in the first quarter, the turnover of second-hand houses in Shell 50 cities increased by about 7% month-on-month, with the turnover in March recovering to the level of July 2021.The resale home price index was unchanged from January, ending a streak of month-on-month declines since August 2021, with march edging 0.1 percent lower.The market presents unbalanced recovery situation, the Yangtze River Delta region recovery strength is strong.• China Wulian Iron and Steel Logistics Professional Committee released on The 31st, the march PMI of the iron and steel industry was 44.3%, down 3.0 percentage points from the previous month, and the growth rate of the steel industry declined.But the steel industry has a stable recovery foundation.• The Hong Kong Monetary Authority released its monetary and financial stability report on March 31.The Hong Kong Monetary Authority said the currency was weak but trading continued smoothly and orderly.Total deposit growth in Hong Kong has remained moderate since September 2021, with no significant evidence of funds leaving the banking system.On a full-year basis for 2021, total bank loan growth accelerated.• China Amc announced on The 31st that its China Telecom REIT will be officially put on sale on April 7, with the offering price of fund shares being 9.399 yuan per share, and the total offering share is 1 billion, and the total fundraising scale is expected to be 9.399 billion yuan.If successfully completed, HUaxia CCCC REIT will become the largest publicly offered REITs in the market.• Yinsheng Payment Service Co., Ltd. was fined 22.45 million yuan by shenzhen Central Branch of the People’s Bank of China for four illegal acts, including failing to fulfill the customer identification obligation as required and failing to submit large transaction report or suspicious transaction report as required.• UK GDP for the final q4 of 2021 was 6.6% annualised, up from the preliminary estimate.• French CPI recorded a record 1.4% m/m in March.• The European Central Bank will not raise interest rates until net purchases of its asset purchase program end, ECB Governing Council Member Vinesco said.• The FINANCIAL Times reported that the International Monetary Fund said sanctions against Russia could undermine the dominance of the dollar.• The value of global mergers and acquisitions plunged 29 percent in the first quarter of 2022, to $1.01 trillion overall from $1.43 trillion in the first quarter of 2021, as geopolitical tensions forced large cross-border companies to pause and delay pursuing large strategic acquisitions, according to research firm Dealogic.– Stocks • A-shares: On the last trading day of March, the three major A-share indexes all opened lower, and the market was divided in the early trading. Shenzhen Component Index and GEM index gradually weakened, among which the GEM index fell by more than 1.5% at one time.Afternoon, A – share three index after A small dip sideways collation.As of the close, Shanghai index reported 3252.20 points, down 0.44%, clinched a deal of 428.1 billion yuan;Shenzhen Component index reported 12118.25 points, down 1.19%, transaction 581 billion yuan;Gem points to 2659.49 points, down 1.38%, clinched a deal of 204.5 billion yuan.In the first quarter, the Shanghai Composite index fell 10.65%, the Shenzhen Component index fell 18.44%, and the GROWTH Enterprise Index fell 19.96%.On the disk, real estate brokerage, digital currency, high transfer, water conservancy and other plates in the top;Salt lake lithium, aquaculture, fluorine chemical industry, organic silicon plate decline in the top.– Bonds • China: Treasury futures continued to weaken in the afternoon, with the main 10-year contract T2206 closing 0.21% lower at 100.440 in 58,200 lots.The 5-year TF2206 closed at 101.580 yuan, down 0.10%;The two-year main TS2206 closed down 0.02% at 101.195.Cash yields were mixed, with the 10-year CDB 210210 yield paper trading at 3.145%, down 0.5bp.– Currency • The People’s Bank of China launched a 7-day reverse repurchase operation of 150 billion yuan on March 31, and the winning interest rate was 2.10%, the same as before;With 20 billion yuan of reverse repos due that day, the open market realized a net investment of 130 billion yuan.• Overnight Shibor rose 45.40bp to 2.0110%;7-day Shibor rose 2.60BP to 2.1970%;The 14-day Shibor fell 0.70BP to 2.3920%.– FOREx • March 31, the onshore RMB closed at 6.3433 against the US dollar at 16:30, up 93 points from the previous trading day;The yuan strengthened 84 points to 6.3482 against the dollar.– Commodities • Domestic commodity futures markets were moderately volatile on Thursday (March 31), with active commodities mixed.By the afternoon’s close, iron ore, coke and liquefied petroleum gas (LPG) closed up 3.34%, 2.82% and 2.24% respectively, leading the commodity market.In addition, fuel oil, low sulfur fuel (KU) and no. 1 soybeans are also up more than 2%.Drop ranking, thermal coal, methanol closed down 2.64% and 2.45% respectively, the top two drop list.• Oil prices fell sharply in Asian trading on Monday on reports that U.S. President Joe Biden is planning to release about 1 million barrels a day from the Strategic Petroleum Reserve in coming months to ease rising gasoline prices.The release will total about 180 million barrels of oil.•19:30 US Challenger Layoffs in March •20:30 US initial jobless claims for the week of March 26th,February Personal Income, Personal Consumption Index (PCE) •21:00 Remarks by New York Fed President Williams •21:45 Chicago PMI•22:30 EIA Natural Gas Statement for the week ended March 25: A national financial information platform contracted by Xinhua Finance for Xinhua News Agency.Under no circumstances does the information published on this platform constitute investment advice.