On Friday, November 5th, the main contents of today’s headlines are:

China Securities Journal

Registration system reform, chess to the middle set, timely move to the whole market

From the start of the incremental pilot of the science and innovation board, to the expansion of the stock of the gem, and then to the gradual promotion of the whole market, the “three-step” reform of the registration system has been fast and steady. The relevant institutional arrangements have withstood the test of the market, initially formed a “China plan” that respects the national and market conditions, and the vitality of the capital market has been significantly enhanced. At present, the regulatory authorities are further improving the issuance supervision mechanism of the whole chain and the supervision and balance mechanism of the whole process, making solid and steady preparations for the reform of the whole market registration system, so as to ensure the stability and long-term development of this major reform.

Reverse repo volume at the beginning of the month to ensure reasonable and sufficient liquidity

Faced with the maturity of trillions of yuan of liquidity instruments, on November 4, the central bank launched a 7-day reverse repurchase operation of 50 billion yuan for the second consecutive day, responding to the rare large-scale operation at the beginning of the month. Industry insiders said that while showing the flexibility of open market operation, this move once again shows the central bank’s position of “maintaining reasonable and abundant liquidity”.

Aiming at “hard technology” enterprises, venture capital institutions have unique insight

All the basic business rules of the Beijing stock exchange have been implemented, and all parties in the market are waiting for the gong to open. People from venture capital institutions said that the establishment of the Beijing stock exchange has enriched the direct financing channels of innovative small and medium-sized enterprises and provided a new venue for venture capital institutions. If venture capital institutions want to have unique investment insight in the “earlier and smaller” stage and capture the “little giant”, they need to make great efforts in specialization and refinement. Those enterprises with breakthrough “hard technology” will be favored by funds.

Improve transportation efficiency and supply chain resilience

On November 4, Li Xiaopeng, Minister of transport, attended the opening ceremony of 2021 North Bund International Shipping Forum and delivered a speech. He said that we should do a good job in air transportation, railway transportation and road transportation support, strive to improve transportation efficiency and supply chain toughness, maintain the stability and smoothness of the international logistics supply chain, and unblock the blood channels for the world economic recovery.

Shanghai Securities News

China has become the world’s strong import growth Beijing Dynamic Power Co.Ltd(600405)

The fourth China International Fair has arrived as scheduled, and import trade plays an increasingly important role in China’s new development pattern. In the first three quarters, China’s imports reached nearly US $2 trillion, a year-on-year increase of 32.6%, and the scale reached a record high. According to expert analysis, large exhibition platforms such as China International Fair and a number of import expansion policies will effectively promote the growth of China’s import trade, and the import in the service field will be further expanded in the future.

Intensify research, actively record private placement of new products and seize investment opportunities of Beijing stock exchange

With the release of the basic business rules and supporting rules of the Beijing stock exchange, private equity institutions are gradually increasing their research on investment targets, actively filing relevant private equity products and seizing the investment opportunities brought by the establishment of the Beijing stock exchange.

Deterministic returns become “uncertain” institutions face a new dilemma

The new strategy originally regarded as “stable happiness” has been severely tested by the breaking of new shares since late October. Statistics show that from October 22 to November 3 this year, 10 new shares broke on the first day of listing in nine consecutive trading days, which is also rare in the history of the A-share market. This situation makes the quotation of institutional investors tend to be cautious when they participate in innovation. The market expects that the reduction of new revenue in the future is a high probability event.

Unprecedented enthusiasm for venture capital research “calls” on cyclical consumer stocks

The enthusiasm for insurance fund research is unprecedented. According to the latest statistics of Shanghai Securities News, since October this year, 124 insurance institutions have conducted intensive research on 297 listed companies. From the survey data, cyclical stocks and consumer stocks are the most popular.

securities times

In October, the growth rate of social finance is expected to hit the bottom, and the marginal recovery of real estate finance data is expected

Since this year, the growth rate of real estate loans has continued to slow down. Recently, with the regulators frequently making statements involving the real estate industry and releasing certain positive signals, the mood of the real estate market has warmed up slightly. In the context of the recovery of housing related financing, the financial data in October attracted much market attention.

Real gold and silver layout all securities companies of Beijing Jiaotong stock exchange took shares in 8 companies in 15 days

Up to now, all seven basic business rules of the Beijing stock exchange have been released, and the basic system for market opening and operation has been prepared. The official opening of the Beijing stock exchange is approaching, and securities companies have already taken action and competed to layout business opportunities.

The 2021 annual meeting of China securities companies was successfully held

Recently, the “2021 annual meeting of China Securities Companies” hosted by the securities times was successfully held in Shenzhen. The annual meeting included three parallel forums, “China Securities Investment Bank Summit Forum”, “China Securities wealth brokerage Summit Forum” and “China Securities Asset Management Business Summit Forum”, with a total of 113 securities companies and more than 500 guests.

Under the goal of “double carbon”, photovoltaic leaders must pay more attention to supply chain management and control

Since last year, the imbalance between supply and demand of silicon materials, photovoltaic glass, adhesive film and other links has caused industry participants to worry about the safety of the supply chain. Integrated development can undoubtedly stabilize the risk of the supply chain, which is also the main consideration for many enterprises to implement integrated layout. Under the guidance of the “double carbon” goal, leading manufacturers must pay more attention to supply chain security in order to maintain competitiveness.

Securities Daily

Key words of low-carbon and intelligent into the Expo: Chinese giant “going to sea” M & a brewing expansion

On November 5, the 4th China International Import Expo arrived as scheduled. Low carbon and intelligence are the key words of this year’s Expo. A total of 58 countries and 3 international organizations participated in the national exhibition. Nearly 3000 exhibitors from 127 countries and regions appeared in the enterprise exhibition, and the number of countries and enterprises exceeded that of the previous session. The industry expects that the turnover of this year is also expected to reach a new high.

The first selected layer company to transfer to the gem is coming! Application materials “have been submitted to Shenzhen Stock Exchange”

The establishment of the Beijing stock exchange has not changed the board transfer plan of selected companies. On November 4, Hanbo hi tech, a selected company, issued a stock suspension announcement, saying that the company submitted the application materials for listing on the gem to the Shenzhen Stock Exchange. This means that the first enterprise to transfer to the gem and submit application materials is released.

Beijing has proposed new regulations on the supervision of commercial housing pre-sale funds, and the key supervision quota has been significantly increased by 43%

Since last year, some projects of Taihe Group and Evergrande group in Beijing have experienced tight capital chain, shutdown and misappropriation of pre-sale funds, reflecting the problem of illegal use of pre-sale funds in some projects. In order to effectively safeguard the legitimate rights and interests of both parties to commercial housing transactions, on November 4, Beijing housing and Urban Rural Development Commission issued the measures of Beijing Municipality on the supervision and administration of commercial housing pre-sale funds (revised 2021 draft for public comments) to solicit opinions from the public.

Is the turning point of the “pig cycle” here?

The inflection point of the “pig cycle” includes two aspects, one is the pig price, the other is the investment opportunity of listed pig enterprises, and the two are closely related. For the emergence of the inflection point of the pig cycle, institutions tend to be confirmed in the first half of 2022, but the nuisance of epidemic situation, rising prices of feed raw materials and other factors should still be considered. For investors, the window for strategic position building of listed pig enterprises may have been opened at this time.

people’s daily

Promoting green trade and boosting low-carbon economy

The continuous holding of the Expo is a vivid manifestation of China’s unswerving promotion of high-level opening to the outside world. As a platform for international procurement, investment promotion, people to people and cultural exchanges and open cooperation, the Expo will make greater contributions to promoting the recovery of the world economy. As a financial institution specialized in serving China’s foreign economic, trade, investment and development and international economic cooperation, integrating green development and promoting green trade prosperity is the historical mission of the Export Import Bank of China in the new era.

21st Century Business Herald

When will the normalization of global monetary policy start?

On November 3, US Eastern time, the Federal Reserve announced that it would keep interest rates unchanged and would begin to reduce the scale of bond purchases as soon as possible, which would be the first step for the Federal Reserve to normalize monetary policy. In addition to the Federal Reserve, many central banks also began to gradually withdraw from ultra loose monetary policy. The Bank of England “was a bit disappointing” and announced on November 4 local time that interest rates would remain unchanged.

Resolve the contradiction between debt, house price and inflation with spatial structure policy

For some time, China’s economy has been faced with three macro objectives: reducing debt, controlling house prices and curbing inflation. However, these three objectives sometimes conflict with each other when formulating specific policies. To understand and solve this conflict, we need to grasp the correlation between different policy objectives and the crux of the problem from the perspective of space, so as to avoid giving consideration to one and losing the other.

China business daily

China’s entry into the Expo will push forward new measures for opening up, and the “four unswervingly” will consolidate the confidence of foreign businessmen

On the evening of November 4, President Xi Jinping attended the opening ceremony of the 4th China International Import Expo by video and delivered a keynote speech entitled “let the open spring breeze warm the world”. Xi Jinping stressed that China will unswervingly share market opportunities with the world. China will pay more attention to expanding imports, promoting the balanced development of trade, and adding import trade promotion innovation demonstration zones.

“Born by the sea and prospering towards the sea” gallop across the sea and air and set off again

After more than 20 years of development, the construction of Shanghai international shipping center has achieved remarkable results, and the container throughput of Shanghai port has ranked first in the world for 11 consecutive years. According to the 2021 Xinhua Baltic International Shipping Center Development Index report, in 2021, Shanghai ranked third in the comprehensive strength of global shipping center cities, second only to Singapore and London, and is moving towards “fully building” a world-class international shipping center.

economic reference daily

Actively and effectively utilize foreign capital to promote the construction of a new development pattern

Recently, the Ministry of Commerce issued the development plan for the utilization of foreign capital in the 14th five year plan. The plan defines the overall thinking and work priorities of China’s utilization of foreign capital during the 14th Five Year Plan period, and draws a blueprint for the utilization of foreign capital in the next five years. During the “14th five year plan” period, in absorbing and utilizing foreign capital, China will adhere to a high level of opening to the outside world, adhere to stabilizing the total amount and optimizing the structure, adhere to stabilizing and fixing the service chain, adhere to optimizing the business environment, adhere to overall development and security, give full play to the unique advantages of foreign capital connecting China with the world, promote high-quality economic development and build a new development pattern.

A package of policies cooperates to ensure the supply of more land and open the heating mode

A new strong cold air is ready to go. At present, heating has been turned on in many places in northern China, some more than half a month in advance. In the face of the complex and severe energy supply situation, the deployment of coal storage and gas increase from the central to local governments has been strengthened, and enterprises have also successively reduced coal prices. All parties have taken many measures and made efforts to ensure the smooth operation of the heating season. Industry insiders suggested that we should further tap the potential of increasing production, increase energy supply through multiple channels, implement the full coverage of medium and long-term contracts, and speed up the study of price mechanisms such as cost sharing.