On January 22, A-shares experienced narrow-range consolidation. By the midday close, the Shanghai Composite Index had declined by 0.15% to 4,110.86 points. The Shenzhen Component Index fell by 0.17%, the ChiNext Index dropped by 0.40%, while the BSE 50 Index gained 0.43%. The STAR 50 Index decreased by 0.17%, and the CSI A500 Index was down 0.39%. The total half-day turnover for A-shares reached 1.79 trillion yuan.
On the liquidity front, the central bank announced that on January 22, it conducted a 7-day reverse repo operation amounting to 210.2 billion yuan using a fixed interest rate and quantity tender method. The operation rate was set at 1.40%, with bid amounts, awarded amounts, and the total operation size all at 210.2 billion yuan. According to Wind data, 179.3 billion yuan in reverse repos matured on the same day. Calculating this, the net injection for the single day was 30.9 billion yuan.
Regarding market news, the National Development and Reform Commission stated that the first batch of funds from the 2026 ultra-long-term special treasury bonds, totaling 93.6 billion yuan, designated for supporting equipment renewal, has been allocated. These funds will support approximately 4,500 projects across various sectors including industry, energy and power, education, healthcare, grain and oil processing, customs inspection, residential old elevator replacement, energy conservation, carbon reduction, environmental protection, and recycling. The initiative is expected to drive total investment exceeding 460 billion yuan.
The Ministry of Civil Affairs and the Ministry of Finance jointly issued a notice announcing the comprehensive nationwide rollout of a project to provide elderly care service consumption subsidies to seniors with moderate or severe disabilities. Building on prior pilot programs, the project will be implemented across the country starting January 1, 2026, and will run for a period of 12 calendar months.
In sector performance, commercial aerospace concept stocks strengthened once again. Jiangsu Jiuding New Material Co., Ltd. and Juli Sling Co.,Ltd. hit their second consecutive daily limit-up, while Western Metal Materials Co.,Ltd. and Yinhe Electronics Co.,Ltd. were among the top gainers. Oil and gas, as well as natural gas concept stocks, continued their strong performance. Geo-Jade Petroleum Corporation reached its second consecutive limit-up, and companies like Blue Flame Holding Co.,Ltd., Sinopec Oilfield Service Corporation, and Victory Co.,Ltd. posted significant gains.
As the marginal impact of the Russia-Ukraine situation weakens, U.S. strategic planning contracts, and the global economy recovers—and barring unforeseen events affecting crude oil supply—global crude oil supply and demand are expected to recover simultaneously. Brent crude oil prices for the full year 2026 are projected to fluctuate between $55 and $75 per barrel. If oil prices stabilize and then experience a moderate increase during the global recovery cycle, it would further benefit the profitability recovery of refining and chemical operations.
Here, by consolidating the latest research report information from over 10 brokerages including Tianfeng, Anxin, and Guoxin, a brief introduction to four companies is provided for readers, for reference only.
1. Blue Flame Holding Co.,Ltd. The company has established an integrated industrial chain covering the upstream, midstream, and downstream sectors of coalbed methane, and possesses abundant coalbed methane resource reserves. — Minsheng Securities
2. Sinopec Oilfield Service Corporation As a leading domestic integrated oilfield service enterprise with a full industrial chain, the company is continuously advancing its overseas business expansion. It promotes high-quality development and leads industrial transformation and upgrading through the cultivation and application of new quality productive forces. — Everbright Securities
3. Zhongman Petroleum And Natural Gas Group Corp.,Ltd. As a leading private oil and gas enterprise in China, the company has built a full industrial chain from equipment manufacturing to exploration and development, giving it prominent cost advantages. Simultaneously, the company boasts rich oil and gas field resources in both domestic and international blocks. With the ongoing advancement of projects like the one in Iraq, its growth potential is expected to expand. — Cinda Securities
4. Bomesc Offshore Engineering Company Limited As a leader in the FPSO module sector, the company is well-positioned to benefit fully from the accelerated release of FPSO reserve projects following improvements in the financing environment, enabling it to continuously secure high-value orders for modules and total assembly contracts. — Huatai Securities
Comments