On Friday, July 5th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal, China Banking and Insurance Regulatory Commission: support insurance capital to invest in science and Innovation Board stocks, and are actively studying to improve the supervision proportion of equity assets of insurance companies
Shanghai Securities Journal, China Banking and Insurance Regulatory Commission: support venture capital investment in stocks of companies listed on the science and Innovation Board
Securities times and China Banking and Insurance Regulatory Commission: support insurance funds to invest in science and Innovation Board
Securities Daily during the year, 874 listed companies participated in mergers and acquisitions of state-owned enterprises, accounting for about 30%
21st Century Business Herald venture capital plays “Mr. key”, and more than 80% of science and Innovation Board companies have private shareholders
Economic information daily stable investment overweight investment and financing reform new deal brewing launch
The “vegetable basket” and “fruit plate” of the people’s daily are stable — how to treat the current price situation
China Securities Journal ( zone )
China Banking and Insurance Regulatory Commission: it supports the investment of insurance capital in the stocks of science and innovation board, and is actively studying to improve the supervision proportion of equity assets of insurance companies
Zhou Liang, vice chairman of the China Banking and Insurance Regulatory Commission, said at a press conference held by the state information office on the 4th that at present, the overall operation of the banking and insurance industry is stable, the quality and efficiency of financial services to the real economy have been continuously improved, positive progress has been made in preventing and resolving financial risks, and new steps have been taken in the reform and opening up of the financial industry.
five key points of capital market reform in the second half of the year
Analysts expect that the capital market reform in the second half of the year will focus on five key points: opening the market of science and innovation board, improving the quality of listed companies, improving the construction of market rule of law, constantly broadening exit channels and further expanding two-way opening-up.
analysis of different speeds in the same way for science and innovation enterprises: the key lies in the quality of letter phi
The core issue of accepting “different speeds on the same road” of enterprises on the science and innovation board lies in whether the information disclosure is timely and sufficient, true and effective. Under the background of the real implementation of the securities issuance registration system with information disclosure as the core on the science and innovation board, information disclosure will be one of the core conditions to determine whether enterprises can enjoy the dividends of system innovation.
“black swan” killed both shares and bonds Seazen Holdings Co.Ltd(601155) the stock pledge of major shareholders has attracted attention
Seazen Holdings Co.Ltd(601155) urgently convened the board of directors and announced that Wang Zhenhua would no longer serve as the chairman of the company, and Wang Xiaosong, President of the company, would take over as the chairman. However, such “cutting” did not exchange for the “hemostasis” of the new City Department. On July 4, Seazen Holdings Co.Ltd(601155) and two Hong Kong stock companies controlled by Wang Zhenhua, Xincheng Development Holdings and Xincheng Yue service, suffered a sharp decline in the secondary market. As of the closing, Seazen Holdings Co.Ltd(601155) closed the limit all day, and the share price closed at 38.42 yuan / share, with 3095000 orders. The stock prices of Hong Kong stock Xincheng Development Holdings and Xincheng Yue service fell 11.57% and 13.41% respectively. At the same time, several bonds of Seazen Holdings Co.Ltd(601155) fell sharply.
Shanghai Securities News (special area)
China Banking and Insurance Regulatory Commission: support insurance capital to invest in the shares of companies listed on the science and innovation board
At the press conference held by the Information Office of the State Council on the afternoon of the 4th, the China Banking and Insurance Regulatory Commission sent a strong lineup of vice chairmen Zhou Liang and Liang Tao, chief risk officer and spokesman Xiao Yuanqi, and chief inspector Yang Liping to take over the subcontractor bank, Anbang asset disposal, support the investment of insurance funds in the science and innovation board Increase the proportion of insurance funds invested in equity assets and other hot issues concerned by the market, and give responses one by one.
foreign trade indicators show confidence to support the policy of “bow and arrow”
The export of high value-added products, service trade and other indicators in the foreign trade data of the previous may show that China’s foreign trade continues to improve its quality steadily. The recent special press conference of the Ministry of Commerce has released a series of expected foreign trade policies, which suggest that foreign trade will remain resilient in the second half of the year.
star enterprise “sunshine” Montage Technology Co.Ltd(688008) issue price: 24.80 yuan
On the evening of July 4, the concerned “star enterprise” Montage Technology Co.Ltd(688008) among the enterprises to be listed on the science and Innovation Board issued a listing and issuance announcement. The issuance price was determined to be 24.80 yuan / share, corresponding to 38.02 times the diluted static P / E ratio (before deduction), and the total amount of funds raised is expected to be 2.802 billion yuan. It is worth noting that Montage Technology Co.Ltd(688008) is the science and innovation board enterprise with the highest proportion of subscription objects covered by the issue price so far, and there is only one quotation object lower than the issue price, which can be described as “sunshine” for investors.
Dalian Shengya Panjing Fund said it would increase its holdings by 3% to 10%
Dalian Shengya announced today that on July 4, it received the simplified equity change report from Panjing equity investment fund management (Shanghai) Co., Ltd., the shareholder of the company, and Panjing fund raised its cards for the first time.
Securities Times (special area)
China Banking and Insurance Regulatory Commission: support insurance funds to invest in science and innovation board
Liang Tao, vice chairman of the China Banking and Insurance Regulatory Commission, revealed at the press conference of the state information office yesterday that the China Banking and Insurance Regulatory Commission is actively studying to improve the supervision proportion of equity assets of insurance companies. Next, it is considered to give insurance companies more investment autonomy under the principle of prudential supervision and further improve the proportion of securities investment. In practice, different companies will be subject to differential supervision according to the principle of classified supervision.
Four companies including Suzhou Harmontronics Automation Technology Co.Ltd(688022) , Guangzhou Fangbang Electronics Co.Ltd(688020) are offering
Four companies Beijing Worldia Diamond Tools Co.Ltd(688028) , Beijing Tianyishangjia New Material Corp.Ltd(688033) , Suzhou Harmontronics Automation Technology Co.Ltd(688022) , Guangzhou Fangbang Electronics Co.Ltd(688020) are offering shares from now on. The initial inquiry time of the four companies is July 9, the issuance price is determined on July 10, and the offline and online issuance and purchase date is July 12.
Shenzhen new rental policy: if it is not filed on the government platform, the tax payable will be traced
On July 4, Shenzhen housing and Construction Bureau issued the opinions on regulating the housing rental market and stabilizing the housing rental price (Exposure Draft). The opinions put forward a number of policies and measures to further standardize the behavior of the rental market and promote the stable and healthy development of Shenzhen housing rental market.
many trust companies were guided by the window to strictly control the scale of real estate trust business
According to the information learned by the reporter, the regulatory requirements received by various companies are different. Some companies are required to “consciously control the scale of real estate trust business”, some are required to “the scale of real estate trust business at the end of the third quarter shall not exceed the end of the second quarter”, and even some companies are required to “completely suspend real estate trust business”.
Securities Daily (special area)
during the year, 874 listed companies participated in M & A of state-owned enterprises, accounting for about 30%
Following the announcement of the list of the first batch of 9 enterprises accepted on March 22, the Shanghai Stock Exchange announced the list of the second batch of 8 enterprises applying for acceptance on the science and Innovation Board on March 27. Thus, the Shanghai Stock Exchange has accepted two batches of 17 science and innovation board application enterprises.
central enterprises overfulfilled the task of reducing 20% in three years ahead of schedule, reducing 14000 legal persons
Reducing the management level and reducing the number of legal persons is an important practice for central enterprises to promote the supply side structural reform and the reform and development of state-owned enterprises. The reporter of Securities Daily learned from the SASAC that central enterprises have overfulfilled the task of reducing 20% in three years ahead of schedule.
during the year, the CSRC issued 70 fines and frequent violations of insider trading and letter phi
In the first half of 2019, under the background of delisting normalization, the CSRC continued to maintain strong supervision and law enforcement. According to the reporter of Securities Daily, 70 administrative punishment decisions have been issued on the website of the CSRC since this year. Among them, insider trading and information disclosure violations are the hardest hit areas, with 36 fines involving insider trading, accounting for 51% of all fines; There were 20 tickets involving violations of information disclosure, accounting for 29%. Other violations punished include spreading false information, short-term trading, providing financing for its participating subsidiaries, illegal trading of stocks, failure to declare securities investment as required, etc.
Nanhua Futures Co.Ltd(603093) was approved yesterday. The first share of futures IPO was born
Yesterday, Nanhua Futures Co.Ltd(603093) successfully passed the IPO (initial) audit at the 71st working meeting of the 18th development and Examination Committee of the CSRC in 2019, which also indicates that the first stock in the real sense of futures IPO is coming.
people’s daily
“vegetable basket” and “fruit plate” are stable — how to treat the current price situation
In May this year, the CPI (consumer price index) rose by 2.7% year-on-year, and the core CPI excluding food and energy prices rose by 1.6% year-on-year, the smallest increase since 2017. From the month on month data that can better reflect the short-term changes in prices, the CPI in may changed from a rise of 0.1% last month to flat, and the month on month price has stabilized.
economic reference daily
steady investment overweight investment and financing reform new deal is brewing
The reporter learned that under the current situation, the improvement of the capital system of investment projects or the next step of the reform of the investment and financing system. The national development and Reform Commission and other departments have begun intensive research and brewing to launch relevant new policies, which will focus on the innovation of infrastructure financing mode, improve the capital system of investment projects, and attract more private capital to participate in the construction of projects in key areas. This year’s government work report also clearly proposes to appropriately reduce the capital ratio of infrastructure and other projects. In this regard, relevant departments have started research and research.
the red line of housing, housing and non speculation is tight, and the housing loan policy tends to tighten
There are obvious signs of rising mortgage interest rates in many places. In the interview, the reporter learned that in recent half a month, the mortgage interest rates of the first and second homes in Chengdu, Fuzhou, Suzhou, Nanjing, Hefei, Hangzhou and other places have increased to varying degrees, and some banks have a tight quota and a longer lending cycle. On the one hand, some local regulators intend to guide interest rates upward to guard against overheating of the property market. On the other hand, some banks have also adjusted their mortgage lines. In recent months, real estate regulation has shown the characteristics of “pinching the tip”, that is, beware of excessive and rising real estate prices in some areas. It is not only the housing loan policy, but also the multi land purchase policy and land policy. Insiders said that while the real estate regulation is tightening, preventing the rapid rise of residents’ house purchase leverage ratio will still be the main tone of relevant policies in the future.
21st Century Business Herald
venture capital plays the “key Mr.” more than 80% of the science and Innovation Board companies have private shareholders
Among the private equity funds participating in the investment of the science and innovation board, there are 419 private equity fund managers controlled by natural persons and private enterprises, accounting for 80.1%, while the number of private equity institutions controlled by state-owned and foreign investors accounted for 10.1% and 1.9% respectively.
perspective of the real estate market in the first half of the year: the sales of leading real estate enterprises slowed down by more than half, failing to reach the annual target of 50%
In the first half of the year, the financing channels were tightened and the regulation in many places continued. Sales became the most important cash source for real estate enterprises. However, from the current sales performance, it is not ideal: the sales target of more than 50% of real estate enterprises is less than 50%, and the pressure is transmitted to the second half of the year. After the “little spring” of the real estate market, real estate enterprises successively released the sales performance in the first half of the year. Obviously, the first half of 2019 will not be easy for them. It is even more different from the past two years.
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( East Money Information Co.Ltd(300059) Securities Research Institute)
