On Wednesday, November 10th, the main contents of today’s headlines are:

China Securities Journal

Registration system reform releases vitality and market ecology brightens up

The demonstration effect of supporting scientific and technological innovation has initially appeared, the role of “experimental field” of system reform has been better played, the market operation has remained stable on the whole, the market vitality has been further stimulated, and the sense of gain of all parties has been significantly enhanced… From the opening of “experimental field” on the science and innovation board to the practice of “increment + stock” reform on the gem, the registration system reform has successfully taken the “first two steps”, Important phased results were achieved.

Central bank: we will improve the design and use of digital RMB

Yi Gang, governor of the people’s Bank of China, recently revealed at the commemoration of the 30th anniversary of the establishment of the Institute for emerging economies of the Bank of Finland that as of October 8 this year, there were more than 3.5 million digital RMB pilot scenarios, 123 million personal wallets were opened, and the transaction amount was about 56 billion yuan. Digital RMB is designed and used mainly to meet China’s retail payment needs. The people’s Bank of China attaches great importance to the protection of personal information of digital RMB and has adopted corresponding institutional arrangements and technical design. The next step will be to improve the design and use of digital RMB according to the pilot situation.

Keep an eye on the opportunities of the Beijing stock exchange and rub hands with long-term funds

The policy of direct investment in the new third board, such as insurance funds and social security funds, remains to be clarified, but the existing insurance funds are making “warm-up” preparations for entering the market. By observing the changes of the top ten shareholders and the three quarterly reports of public funds, it can be found that selected companies in the fields of industrial boom track and hard technology are favored by public and private funds, securities companies and other institutions.

Tax dividends continue to release, and the policy effect is expected to gradually appear

China Securities Journal reporter learned from the State Administration of Taxation on November 9 that as of the end of October, all kinds of enterprises across the country had enjoyed an additional deduction of 1.3 trillion yuan in advance and a tax deduction of 333.3 billion yuan, accounting for 77.6% of the final settlement of last year. Experts believe that the implementation of the R & D expense plus deduction policy creates a good tax environment to stimulate innovation, which is conducive to optimizing the soil for scientific and technological innovation, and the policy effect will be more significantly reflected in the medium and long term.

Shanghai Securities News

Foreign debt holdings hit the 4 trillion yuan mark, and the momentum of increasing positions in RMB remains unabated

The magnetic attraction generated by the “import index” effect is becoming more and more obvious, and international capital continues to distribute RMB bonds. Based on the latest data of Shanghai clearing house and China Central Clearing Corporation, a new pass is at hand – as of the end of October, the scale of RMB bonds held by foreign investors was 3.85 trillion yuan, approaching the 4 trillion yuan mark. According to the latest data from the International Finance Association (IIF), more than 50% of the total capital inflows from emerging market countries in October went to the Chinese market. Industry insiders believe that foreign investors have strong demand for structural asset allocation of RMB bonds, and the capital inflow trend will continue.

How to implement carbon emission reduction support tools? Financial institutions are eager to implement the detailed rules

The birth of carbon emission reduction support tools quickly became the focus topic of the market yesterday. Industry insiders believe that from the perspective of capital cost, the capital cost of carbon emission reduction provided by the central bank to commercial banks shows great policy support. At the same time, it also flexibly sets the proportion of loan funds to avoid blind impulse of commercial banks, highlighting the characteristics of steady, orderly, accurate and direct.

The primary market has set off a “fever of Beijing stock exchange”, and the financing efficiency is expected to be improved

“Originally, we were going to let a polypeptide drug company carry out the next round of financing. Now we are directly preparing to go to the Beijing stock exchange for IPO and have begun to start brokerage counseling.” The person in charge of an equity investment institution in Shenzhen told reporters, “the establishment of the Beijing stock exchange has shortened the investment period of some equity investment projects and improved the overall listing and financing efficiency of enterprises.”

Yi Gang, governor of the people’s Bank of China: we will improve the design and use of digital RMB

Focus on the central bank digital currency (CBDC) that has attracted much market attention, and Yi Gang, governor of the people’s Bank of China, made the latest voice. On November 9, at the 30th anniversary of the establishment of the Institute for emerging economies of the Bank of Finland, Yi Gang said in a video speech that he would improve the design and use of digital RMB according to the pilot situation.

securities times

Yi Gang: improving the universality and availability of digital RMB

Recently, Yi Gang, governor of the people’s Bank of China, delivered a video speech at the 30th anniversary of the establishment of the Institute for emerging economies of the Bank of Finland, introducing the progress of digital RMB research and development and the work of the Central Bank of China in protecting privacy and maintaining financial stability.

Real estate enterprises welcome the positive signal and bond financing is expected to pick up

On November 9, Bank Of China Limited(601988) Association of market dealers held a symposium for representatives of real estate enterprises. It is reported that some participating real estate enterprises have plans to register and issue debt financing instruments in the inter-bank market in the near future. Some bond practitioners said that the convening of the symposium means that the relevant policies for domestic bond issuance of real estate enterprises will be loosened. In the near future, real estate enterprises will issue bonds and finance in the open market. At the same time, banks and other institutional investors will “blood transfusion” for real estate enterprises through bond investment to prevent further deterioration of the asset chain of real estate enterprises.

“Dianmao” rarely sold China Yangtze Power Co.Ltd(600900) to sell Sichuan Chuantou Energy Co.Ltd(600674) 4% shares

A-share “Dianmao” China Yangtze Power Co.Ltd(600900) (600900) has always been famous for its scavenging peers, but now it has begun to adjust its position. On the evening of November 9, Sichuan Chuantou Energy Co.Ltd(600674) disclosed that China Yangtze Power Co.Ltd(600900) plans to reduce its holdings of no more than 4% of the company’s shares through centralized bidding or block trading in the next six months. This may become the first subject of China Yangtze Power Co.Ltd(600900) reduction in recent years.

Shenzhen launched the pilot of financial science and technology innovation in the capital market

Recently, the launching ceremony of Shenzhen capital market financial science and technology innovation pilot and industry culture construction conference were grandly held. The conference held the launching ceremony of Shenzhen capital market financial science and technology innovation pilot, the Establishment Ceremony of Shenzhen capital market industry culture construction committee, and issued letters of appointment to the chairman, vice chairman and Secretary General of the Committee.

Securities Daily

The opening of the Beijing stock exchange is imminent, and the local securities regulatory bureaus are in full swing for Mopai publicity and training

In the interview, the reporter learned that the securities regulatory bureaus in Beijing, Tianjin, Hebei, Yunnan and other places actively arranged the reserve enterprises under their jurisdiction, carried out publicity and training, and encouraged qualified enterprises to be listed on the Beijing stock exchange. In some areas, it is difficult to carry out large-scale publicity and training due to the epidemic situation. The relevant regulatory authorities still strive to overcome the difficulties and actively create conditions for work. At present, the preparatory work of local securities regulatory bureaus has achieved remarkable results.

Major projects in many places have been started intensively, with a total investment of more than trillion yuan

Recently, intensive construction of major projects in many places has stabilized and accelerated the pace of investment. According to incomplete statistics by the reporter of Securities Daily, since November, thousands of major projects have been started in Hubei, Yunnan, Shenzhen, Fujian, Shaanxi and other places, with a total investment of 1102.9 billion yuan.

The Ministry of industry and information technology approved the establishment of four national manufacturing innovation centers

According to the Ministry of industry and information technology on November 9, recently, the Ministry of industry and information technology approved the establishment of four national manufacturing innovation centers, including the national 5g medium and high frequency device innovation center, the national glass new material innovation center, the national high-end intelligent household appliance innovation center and the national intelligent voice innovation center.

SASAC of the State Council: the progress of key reform tasks of central enterprises will be assessed in the first quarter of next year

On November 9, the state owned assets supervision and Administration Commission of the State Council held a special promotion meeting on strengthening assessment and evaluation and paying close attention to the effectiveness of reform and the ninth regular meeting of the three-year action of state-owned enterprise reform in 2021 to redeploy and deepen the work related to assessment, evaluation, inspection and strengthening the implementation effectiveness of the three-year action of state-owned enterprise reform. Weng Jieming, deputy director of the office of the state owned enterprise reform leading group of the State Council, member of the Party committee and deputy director of the state owned assets supervision and Administration Commission of the State Council, said at the meeting that to promote the early implementation of reform measures and achieve practical results, we should not only pay attention to the quality of reform construction scheme, but also assess and accept the reform completion results.

people’s daily

In the first October, China’s total import and export value increased by 22.2% year-on-year, with strong foreign trade development vitality and sufficient toughness

The reporter recently learned from the General Administration of customs that in the first 10 months of this year, China’s total import and export value was 31.67 trillion yuan, a year-on-year increase of 22.2% and 23.4% over the same period in 2019. Among them, the export was 17.49 trillion yuan, a year-on-year increase of 22.5%, an increase of 25% over the same period in 2019; Imports amounted to 14.18 trillion yuan, a year-on-year increase of 21.8%, an increase of 21.4% over the same period in 2019. In October, China’s total import and export value was 3.34 trillion yuan, a year-on-year increase of 17.8%, an increase of 23% over the same period in 2019.

21st Century Business Herald

Will digital RMB be used for cross-border payments? Yi Gang: at present, it focuses on meeting China’s retail demand

On 9 November, Yi Gang, governor of the people’s Bank of China, pointed out in a video speech at the 30th anniversary of the establishment of the Institute for emerging economies of the Bank of Finland: “The design and purpose of digital RMB is mainly to meet China’s retail payment needs. Cross border and international use is relatively complex, involving legal issues such as anti money laundering and customer due diligence, which is also being discussed in depth internationally. In view of the complexity of cross-border use, digital RMB is currently mainly to meet China’s retail needs.”

The central bank launched a new tool to support carbon emission reduction. Experts expect the incremental capital to be 2-3 trillion

On the evening of November 8, the central bank announced the launch of carbon emission reduction support tools. Different from the green refinancing expected by the industry earlier, the carbon emission reduction support tool announced by the central bank is tentatively distributed to national financial institutions through the direct mechanism of “loan before loan”, with financial support of 60% of the loan principal and interest rate of 1.75%. The central bank made it clear that the tool focuses on supporting three carbon emission reduction areas: clean energy, energy conservation and environmental protection and carbon emission reduction technology.

China business daily

Institutions began to look forward to 2022: the economic expectation is better than this year, and A-Shares have entered the era of “trillion transaction”

How about economic growth next year? What opportunities are there for A-Shares to pay attention to? How does “carbon neutrality” affect observation and investment logic? These issues are hot issues in the current industry.

The ratio of pig to grain broke 6 for several consecutive days, and the number of breeding sows determined the trend inflection point of pig cycle

From the law of each round of pig cycle in the past, it is difficult to say that the inflection point of pig cycle is gradually approaching when the de slaughter of sows and pigs has not been started in the whole industry. According to an agricultural analyst, after the pig price hit the bottom and rebounded sharply, the whole entered a small turning point from sharp decline to stability. From the phased pig grain ratio index, the performance of listed pig enterprises in the fourth quarter may rebound slightly compared with that in the third quarter. The early rise of pig prices in this round may overdraw the consumption in November and December. It is expected that there will be no significant rebound in the year, mainly in the form of volatile market or small rebound.

economic reference daily

The securities regulatory bureaus in many places have continuously issued private placement rectification orders

Regulatory measures for the private placement industry are being compacted layer by layer. Recently, in view of the illegal phenomena such as misappropriating fund property, agreeing the minimum return with investors, failing to go through the filing procedures as required, and failing to implement the investor suitability management requirements, the securities regulatory bureaus in many places in Guangdong and Hainan have successively issued warning letters, administrative penalties or “order rectification” notices for private placement institutions.

The tight situation of power coal transportation by national railway with accurate supply guarantee has been effectively alleviated

On November 9, it was learned from China National Railway Group Co., Ltd. that from October 1 to November 8, the national railway sent 157 million tons of power coal, a year-on-year increase of 26.8%. By November 8, the average number of coal storage days of 363 railway direct supply power plants in China had reached 21.8 days, an increase of 7.8 days compared with the end of September. According to the person in charge of the freight Department of the State Railway Group, since the implementation of the action of ensuring the supply and transportation of electric coal, the State Railway Group has strengthened the organization and leadership, actively played the role of the coordination organization “guarantee and supply office”, ensured the smooth and efficient railway electric coal transportation, and greatly alleviated the tension of electric coal in various places. Next, China Railway Group will continue to implement the national energy supply requirements, give top priority to power coal transportation, pay close attention to local power coal demand and continue to increase transportation preference.