A-share evaluation： the three major stock indexes rose collectively, hitting a record high of 0.88%, the photovoltaic sector broke out, and real estate stocks strengthened! Over 3,100 shares rose, wit

On May 22nd, the Shanghai Composite Index fluctuated weakly all day, and the index rose to nearly 1% in the afternoon. In terms of sectors, the photovoltaic sector rose in the afternoon, sharing technology rose by more than 20%, Trina Solar and Zhonglai shares (300393) (rights protection) rose by more than 10%, and Junda shares (002865) and Saiwu Technology rose by intraday trading; The AI PC sector oscillated higher, and Yingli shares achieved 2 consecutive boards; The concept of copper cable high-speed connection has risen strongly, and Shenglan shares have risen by more than 17%. In terms of decline, the scenic spot tourism sector was adjusted at a low level, and Changbai Mountain (603099) was among the top losers; The non-ferrous plate fell in the afternoon, led by *ST Zhongrun (rights protection) and Minfa Aluminum (002578); The whole vehicle sector weakened, with Yutong Bus (600066) and Zhongtong Bus (000957) leading the decline. Overall, individual stocks rose more and fell less, with nearly 3,100 stocks rising.

On the disk, BC batteries, real estate services and silicon energy sectors were among the top gainers, while scenic spots, tourism, fentanyl and oil and gas exploitation sectors were among the top losers.

Hot plate:

1. Photovoltaic

Sharing technology, Zhonglai shares, Trina Solar, Yubang New Materials and many other shares are active.

In the news, China Photovoltaic Industry Association recently organized a "Symposium on High-quality Development of Photovoltaic Industry" in Beijing. The meeting pointed out that it is necessary to strengthen the crackdown on vicious competition in sales below cost; Encourage industry mergers and acquisitions and smooth the market exit mechanism. The symposium once again released a positive signal that the policy side suppressed the ineffective expansion of the industry, and the supply side of the industry continued to clear up.

2. Real estate

Tiandiyuan, Chongqing Development (000514), gemdale (600383), Greenland Holdings (600606) and many other stocks are active.

In the news, since the release of the New Deal by the central bank on May 17, many places have followed up to implement the adjustment of down payment ratio and mortgage interest rate. Wu Hanyou Bank implemented the first down payment of 15%, and the interest rate of the first home loan dropped from 3.55% to 3.25%; The down payment ratio of the first and second suites in Changsha is 15% and 25%, and the interest rate of the first and second home loans is reduced to 3.65% and 3.95%. Analysts said that the down payment ratio and mortgage interest rate will be lowered one after another, and it is expected that the down payment ratio of all second-tier cities may be lowered to 15%.

News:

1、[The first large-scale all-liquid cooling intelligent computing center in Greater Bay Area was completed]Guangdong-Hong Kong-Macao Greater Bay Area integrated data center project located in Zhenjiang District, Shaoguan City, Guangdong Province was officially completed on May 22nd. Guangdong-Hong Kong-Macao Greater Bay Area integrated data center project is the first large-scale all-liquid cooling intelligent computing center in Greater Bay Area, and it is the core layout of the national "east-to-west computing" in Greater Bay Area and one of the eight hub nodes of the national integrated computing network. It is understood that the total investment of the first phase of the project exceeds 3.2 billion yuan, covering an area of about 98 mu and a total construction area of about 95,000 square meters. The data center and all-liquid cooling intelligent computing center will be built with high quality according to the national A standard, and the new technologies such as liquid cooling, artificial intelligence, digital twinning and integrated security protection will be applied according to the new AIDC architecture, which will provide about 15,000 p computing services.

2、[Zhengzhou: In the compulsory education stage, the nearest entrance examination is strictly implemented, and it is strictly forbidden to recruit students with social training institutions]Zhengzhou Education Bureau issued a notice yesterday saying that the whole city should abide by the enrollment discipline and put an end to unauthorized enrollment. In the compulsory education stage, we will strictly implement the regulations on admission without examination nearby, and it is strictly forbidden to recruit students with social training institutions, and students shall not be selected without authorization in any form. Ordinary high schools should strictly regulate the enrollment behavior, and it is strictly forbidden to enroll students with compensation or other behaviors that violate the enrollment principle. Students shall not be restricted, forced or induced to register or fill in their volunteers.

3、[Chongqing: Encourage foreign-invested enterprises to carry out clinical trials of overseas listed cells and gene therapy drugs in Chongqing according to law]The "Implementation Plan for Chongqing to Further Optimize the Foreign Investment Environment and Intensify Attracting Foreign Investment" was recently issued by the General Office of the Municipal Government. It is mentioned that foreign investors are encouraged to set up R&D centers in Chongqing, foreign-invested enterprises are supported to cooperate and exchange with universities and research institutes in Chongqing, and technology research and development, achievement transformation, Industry-University-Research cooperation and innovative personnel training are strengthened. Support qualified foreign-funded R&D institutions to declare municipal science and technology projects. On the premise of complying with relevant laws and regulations, foreign-invested enterprises are encouraged to carry out clinical trials of overseas listed cells and gene therapy drugs in Chongqing according to law. Enterprises established by foreign-invested companies in Chongqing can enjoy the treatment of foreign-invested enterprises according to relevant state regulations and enjoy preferential policies such as income tax and customs duties according to law.

4、[Medical Administration Department of Guangdong Provincial Health and Health Commission: The relevant documents of Guangdong’s adjustment of medical aesthetic surgery projects have indeed been released]Recently, the online document "Notice of the Office of Guangdong Provincial Health and Wellness Committee on Adjusting the Medical Beauty Surgery Project in our province" (Guangdong Health Office Medical Letter [2024] No.30) adjusted the medical beauty surgery project, which triggered a change in the medical beauty sector in early trading today. The reporter learned from the Medical Administration Department of Guangdong Provincial Health and Health Commission that the document has indeed been released. Because the nature of the document is "open by application", the document has not been made public in official website, Guangdong Provincial Health and Health Commission, but it can be applied for inspection. Xiaocai Note: According to the above documents, Guangdong Province has added "physical therapy" and "injection therapy" to the first-level projects of cosmetic surgery, which means that cosmetic surgery can be injected with fillers such as hyaluronic acid.

Institutional point of view:

Anjue Assets said that from the perspective of market fluctuation, the trading characteristics of the Shanghai Composite Index are the most prominent, with different adjustments in growth and cycle. Most industries have upward momentum in trading characteristics, and recently there are opportunities for resonance. The commodities in the cycle have recently hit a ten-year high, and overseas technology stocks have picked up the ai semiconductor in technology, and the growing military new energy has a fundamental reversal expectation. On the whole, there are positive signs in the trading characteristics of major industries, and the real estate policy will boost the confidence of market valuation. There are good profit opportunities in the market before the Third Plenary Session in July, financial ideas since the end of last year, personnel changes since the beginning of the year, clearing-out collapse in early February, recent loose real estate, and the Third Plenary Session in the second half of the year. These information are comprehensive.

Furong Fund pointed out that the main reason for the rise of real estate and real estate chain plate is the expected repair after the intensive release of real estate stimulus policies. Recently, many departments jointly issued a series of real estate stimulus policies, and the real estate down payment and interest rate policies ushered in the most relaxed stage in history. At the same time, the central bank plans to set up a re-loan for affordable housing with a scale of 300 billion and an interest rate of 1.75%. The term is one year and can be extended four times. This time, the central bank’s collection and storage of funds also implemented the decision of the Politburo meeting, supported the government to purchase built unsold commercial housing, and accelerated the destocking of the real estate industry. After the cancellation or relaxation of the real estate purchase restriction policy in the early stage, there will be a strong policy combination boxing at the central level, and the real estate fundamentals may accelerate the bottoming out, and the real estate and real estate chain sectors will usher in an excellent repair window. Moreover, after long-term adjustment in the previous related sectors, the valuation also fell back to the bottom of the history. At present, with the increase of policy stimulus, the odds of allocation have greatly increased, and we continue to be optimistic about the valuation repair market of real estate and real estate chain sectors.