On Wednesday, June 26th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal Suzhou Hyc Technology Co.Ltd(688001) IPO pricing of 24.26 yuan, 258 times offline subscription
The pricing of the first share on the science and Innovation Board of Shanghai Securities News has been released, and the market-oriented mechanism has been effective
Securities times China Banking Association: Chinese banks should not perform the judgment of the U.S. court according to law
The first batch of China Japan ETFs in Securities Daily landed, and the transaction of four Chinese funds was 365 million yuan
“Minor reform” of the second review of the land management law of the 21st Century Business Herald: piece development can still be included in the scope of land acquisition, and the homestead system has not changed much
Economic reference daily takes many measures to promote the institutional breakthrough of chattel financing
People’s daily Li Keqiang: further deepen the reform of “release, management and service” and create a market-oriented, legal and international business environment
China Securities Journal ( zone )
The IPO price of Suzhou Hyc Technology Co.Ltd(688001) was 24.26 yuan, and 258 times of subscription was obtained offline
On June 26, according to the announcement of the initial public offering of the first share Suzhou Hyc Technology Co.Ltd(688001) on the science and innovation board and listing on the science and innovation board, the issue price was determined to be 24.26 yuan / share through preliminary inquiry.
Intermediaries are prudent, diligent and responsible to be the “gatekeeper” of the capital market
Kechuang board attaches importance to the authenticity, accuracy and integrity of the listing application documents issued by issuers and intermediaries and the information disclosed, and submits them to the market for value judgment. Under the pilot registration system, the intermediary responsibility is strengthened. Zhang Lei, member of the management committee and managing director of Huatai United Securities Investment Bank, said in an exclusive interview with a reporter from China Securities Journal that under the background of the pilot registration system, the relevant system design of the science and innovation board should take multiple measures to tighten the responsibilities of intermediaries and give full play to the role of “gatekeeper” of the capital market. Regulators have clear rewards and punishments, timely “sword”, and urge intermediaries to be diligent, prudent and responsible.
The fund focuses on “mapping” investment opportunities
With the release of the issue price of “the first share of the science and Innovation Board” Suzhou Hyc Technology Co.Ltd(688001) , some investors expect that due to the slightly high valuation of the company on the science and innovation board, considering the high probability valuation difference between the first listed companies on the science and innovation board and the existing comparable targets, if the overall market atmosphere is matched, it may lead to the improvement of the risk appetite of A-share growth shares. When tapping investment opportunities, many fund managers also pay more attention to the “mapping” target of the science and innovation board.
Speed up the construction of multi-level capital market at tamping tower base and excellent tower tip
The opening of the science and innovation board is gradually approaching, the construction of China’s multi-level capital market continues to speed up, and the financing system of different levels of capital market continues to be improved. In an interview with China Securities Journal, many experts said that in the future, we should improve the connection mechanism of capital markets at all levels, match different types of enterprises to different levels of capital markets, and on the basis of expanding the capital markets at all levels, enterprises should transfer to the corresponding levels of capital markets according to their own development stages and financing needs.
Shanghai Securities News (special area)
The pricing of the first share of Kechuang board is released, and the market-oriented mechanism is effective
On the evening of June 25, the first share Suzhou Hyc Technology Co.Ltd(688001) of the science and Innovation Board announced the listing and issuance price. The issuance price determined by the company this time is 24.26 yuan / share, corresponding to a diluted P / E ratio of 39.99 times in 2018 (before deducting non recurring profits and losses), breaking the ceiling of 23 times P / E ratio of main board issuance pricing. On the other hand, irrational quotation behavior has not appeared, indicating that the market-oriented pricing mechanism has been effective.
China Japan capital market innovation “hand in hand” mode ETF interworking was officially opened
The China Japan capital market innovated the “hand in hand” mode and officially opened the ETF interworking business. Fang Xinghai, vice chairman of China Securities Regulatory Commission, said at the opening ceremony that the pace of expanding the opening of China’s capital market has not stopped, but will accelerate steadily.
The registration of Montage Technology Co.Ltd(688008) is completed and the release program Harbin Xinguang Optic-Electronics Technology Co.Ltd(688011) and Guangdong Lyric Robot Automation Co.Ltd(688499) will be entered soon
Last night, the “examination rooms” of the science and Innovation Board frequently heard good news: Shanghai Star “candidates” Montage Technology Co.Ltd(688008) completed registration; Both Harbin Xinguang Optic-Electronics Technology Co.Ltd(688011) and Guangdong Lyric Robot Automation Co.Ltd(688499) 2 companies attended the meeting; Xinshu network and Jiangsu Jibeier Pharmaceutical Co.Ltd(688566) 2 new “candidates” enter the site hand in hand; Beijing Abt Networks Co.Ltd(688168) , Baiyun technology and other companies have successively submitted questions and answers. As of the evening of June 25, four companies had been registered and effective; 12 companies submitted for registration; 7 companies will enter the registration process after the meeting.
Domestic waste classification is expected to be incorporated into legislation for the first time
Domestic waste classification may be incorporated into national legislation for the first time. The revised draft law on the prevention and control of environmental pollution by solid waste was first submitted to the Standing Committee of the National People’s Congress for deliberation yesterday. The draft has a special chapter on “prevention and control of environmental pollution by domestic waste” and proposes that the state implement the domestic waste classification system. Industry experts believe that the legislative guarantee of waste classification is at the right time, and “legalization” will speed up the implementation process of waste classification.
Securities Times (special area)
Boca: Chinese banks shall not perform the judgment of the U.S. court according to law
On the morning of the 25th, a news that “the United States may impose extreme punishment on three Chinese banks” began to spread. The news came from the Washington Post. According to the original translation, three Chinese banks – China Merchants Bank, Bank of communications and Shanghai Pudong Development Bank Co.Ltd(600000) are suspected of refusing to comply with the U.S. subpoena in the investigation of sanctions violations. The report pointed out that the incident may rise to the height of national security interests and may stop the financial business cooperation between these banks and the United States. The three banks responded yesterday that they had not been investigated for alleged violations of any sanctions laws. Bu Xiangrui, chief legal adviser of Bank Of China Limited(601988) Industry Association, said that this is a typical exercise of long arm jurisdiction over Chinese banks, and Chinese banks should not comply with the judgment of the U.S. court according to law.
Fang Xinghai: the pace of capital market opening will be steadily accelerated
Fang Xinghai, vice chairman of China Securities Regulatory Commission, delivered a speech at the opening ceremony of China Japan ETF Exchange yesterday. He pointed out that the pace of opening up China’s capital market has not only never stopped, but will accelerate steadily. The CSRC will always adhere to opening up to promote reform and development, strengthen cooperation with capital markets of various countries, and accelerate the construction of a standardized, transparent, open, dynamic and resilient capital market.
24.26 yuan! The issue price of the first share Suzhou Hyc Technology Co.Ltd(688001) of the science and Innovation Board was finalized
On the evening of June 25, the issue price of the “first share” Suzhou Hyc Technology Co.Ltd(688001) (688001) of the science and Innovation Board was released. The issuance announcement that night showed that the issue price of Suzhou Hyc Technology Co.Ltd(688001) per share was 24.26 yuan. This issue price is about the median level of the valuation range (21.17 yuan ~ 26.82 yuan / share) recommended by the sponsor. According to the current issue price, if the issue is successful, Suzhou Hyc Technology Co.Ltd(688001) is expected to raise a total of 973 million yuan, which is mainly used for the construction project of flat panel display production base, the construction project of semiconductor business unit and supplementary working capital.
Citic Securities Company Limited(600030) to liquidate and reduce 427 million shares China Securities Co.Ltd(601066)
On the evening of June 25, China Securities Co.Ltd(601066) announced that Citic Securities Company Limited(600030) plans to reduce all its China Securities Co.Ltd(601066) shares through block trading within 6 months after 15 trading days from the date of announcement disclosure and / or within 6 months after 3 trading days from the date of announcement disclosure.
Securities Daily (special area)
The first batch of China Japan ETFs landed, and four Chinese funds traded 365 million yuan
On June 25, Shanghai Stock Exchange and Japan stock exchange group held the opening ceremony of China Japan ETF exchange simultaneously. The first four Chinese products and the first four Japanese products were listed and traded on the Shanghai Stock Exchange and the Tokyo Stock Exchange respectively. This is another important step in the opening-up and cooperation of China’s capital market following the official opening of the Shanghai Lun Tong last Monday and the formal inclusion of A-Shares in the FTSE Russell global stock index series last Friday.
Why did the potential delisting stocks squeeze into the “one-way street” with a capital of 61.68 million yuan
In the morning trading on June 25, three potential delisted stocks, Hairun, Zhonghe and Huaze, jointly touched the trading limit in the delisting: Hairun even gained its second consecutive closing trading limit, and it only cost 15 yuan to rush to raise first-hand stocks; The turnover rate of Hua zetui is close to 30%; The total turnover of the three stocks was 61.68 million yuan, with a total turnover of 1.8861 million hands.
Two categories of enterprises are added to the listing path of science and innovation enterprises, and the backdoor of gem can be selected
In order to further rationalize the functions of restructuring and listing and stimulate market vitality, the CSRC recently solicited opinions from the public on Amending the administrative measures for major asset restructuring of listed companies, and the feedback time is up to July 20, 2019.
The issue price of the first share Suzhou Hyc Technology Co.Ltd(688001) of Kechuang board is determined as 24.26 yuan / share
On the evening of June 25, Suzhou Hyc Technology Co.Ltd(688001) announced its initial public offering and listing on the science and innovation board. It said that the preliminary inquiry of this offering had been completed on June 24, 2019. According to the preliminary inquiry, the issuer and the recommendation institution (lead underwriter) negotiate and determine the issue price of 24.26 yuan / share without cumulative bidding, taking into account the issuer’s fundamentals, the number of shares in this public offering, the issuer’s industry, the valuation level of comparable listed companies, market conditions, the demand for raised funds and underwriting risks.
21st Century Business Herald
“Minor reform” of the second review draft of the land management law: piece development can still be included in the scope of land acquisition, and the homestead system has not changed much
On June 25, the draft amendments to the land management law and the urban real estate management law were again submitted to the Standing Committee of the 13th National People’s Congress for deliberation. According to the schedule, after hearing the report of the constitutional and Legal Committee of the National People’s Congress on the revision of the and amendment (Draft) on the morning of June 25, the meeting will discuss the draft amendments to the land management law and the urban real estate management law in groups at 3 p.m. on June 28.
A large number of “super projects” are being promoted, and the traffic investment exceeded trillion in the first may
From January to May this year, the investment in transportation fixed assets was 1013.8 billion yuan, a year-on-year increase of 7.3%, maintaining a high level. A large number of “super projects” are under construction in Beijing, Tianjin, Hebei, Guangdong, Hong Kong and Macao.
economic reference daily
Multiple measures to promote the institutional breakthrough of chattel financing
The relevant systems of real estate financing are being further improved and broken through. The reporter of economic information daily learned that recently, Beijing and Shanghai have taken the lead in launching the pilot work of unified registration of chattel guarantee, aiming to solve the problems of scattered and inconvenient registration of chattel guarantee and promote the development and activity of chattel financing transactions. At the same time, the central bank has recently revised the measures for the registration of accounts receivable pledge and solicited public opinions. The newly revised measures are aimed at optimizing the existing supporting system in accordance with the requirements of the modern chattel guarantee system in the business environment assessment of the world bank.
Economic reference front page: promoting high-quality development of capital market with opening up
Recently, from the landing of the Shanghai London Stock connect, the inclusion of A-Shares in the FTSE Russell index to the official opening of the China Japan ETF exchange, China’s capital market has expanded and steadily accelerated the two-way opening-up, which fully reflects China’s determination and confidence to accelerate reform and opening-up under the current complex international situation. At present, the capital market should fully implement the deployment of the Party Central Committee and the State Council, take the opportunity of expanding opening-up, improve the quality of the capital market, further improve the ability of the capital market to serve the real economy, improve the international competitiveness of the capital market, and improve the capital market supervision ability and risk prevention and control ability under the conditions of opening-up.
people’s daily
Li Keqiang: further deepen the reform of “release, management and service” and create a market-oriented, legal and international business environment
On June 25, the State Council held a national teleconference on deepening the reform of “release, management and service” and optimizing the business environment. Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, delivered an important speech.
( East Money Information Co.Ltd(300059) Securities Research Institute)
