On Monday, June 24th, the main contents of today’s headlines are as follows:
Media name front page headlines
The issuance scale of China Securities Journal is expected to reach 900 billion yuan, a new record in recent three years. It is happy to invest in stabilizing the economy. In June, the issuance of local bonds increased rapidly
Shanghai Securities News’s new restructuring regulations release vitality and strictly prevent poor shell speculation
Securities times China’s capital market reform and opening up has extensive global influence
Securities Daily foreign investors “buy” have increased their net holdings of Chinese bonds for six consecutive months
In June, China business daily issued nearly 900 billion yuan of local bonds to promote stable investment in major projects
The economic information daily encourages social capital to expand and invest in the elderly care service industry, and a new wave of dividends will be intensively implemented
The “last mile” of the people’s daily interest rate market-oriented reform — steadily promoting the “two tracks in one track” of interest rate
China Securities Journal ( zone )
The issuance scale is expected to reach 900 billion yuan, a new record in recent three years. It is happy to invest in stabilizing the economy. In June, the issuance of local bonds increased rapidly
In June, the pace of local bond issuance was significantly accelerated, and the issuance scale in that month is expected to reach about 900 billion yuan, which is expected to be the highest in three years. Market participants believe that the issuance of local bonds will not only accelerate during the year, but also increase the amount.
Raytron Technology Co.Ltd(688002) Suzhou Tztek Technology Co.Ltd(688003) prospectus No. 002 and 003 appeared
After the first share of Kechuang board fell Suzhou Hyc Technology Co.Ltd(688001) , Raytron Technology Co.Ltd(688002) , Suzhou Tztek Technology Co.Ltd(688003) disclosed multiple documents such as the prospectus, listing and issuance arrangements and preliminary inquiry announcement on the website of Shanghai Stock Exchange on June 24. The announcement shows that the stock codes of the two companies are 688002 and 688003 respectively, and the online subscription codes are 787002 and 787003 respectively. The online and offline subscription time of the two companies is July 2, and the winning results will be announced on July 4.
Stimulate the effect of restructuring “booster” and accelerate the “spitting out the old and embracing the new” in the stock market
The CSRC recently plans to adjust and improve the restructuring and listing policy. Analysts believe that the timely adjustment of the restructuring and listing policy by the regulators according to the market changes is a natural policy choice for deepening the stock reform in the capital market to a certain stage. The main purpose is to “drive the stock with increment”, realize the survival of the fittest in the market, continuously improve the quality of listed companies and accelerate the “spitting out the old and absorbing the new” in the stock market.
The technology system of adjacent securities companies is ready for the subscription of new shares on the science and innovation board
On June 22, the securities companies completed the whole network test of the online issuance business of the science and innovation board. Brokers said that after the issuance business test, until June 27, when the first sci-tech innovation board stock was issued online, the online trading of brokers, the upgrading of mobile app and the on-site self-service Entrustment System of the business department will be accelerated. Customers with opened permissions need to download and install as soon as possible to support Sci-tech Innovation Board online trading or mobile client. At present, the securities trading system is ready to support the subscription of new shares on the science and innovation board.
Shanghai Securities News (special area)
Restructuring new regulations to release vitality and strictly prevent poor shell frying
On June 21, the market focused on small market value. Because just the night before, the CSRC revised the management measures for major asset restructuring and moderately revised the relevant provisions for restructuring and listing. Does the moderate encouraging attitude of supervision mean that shell companies that have sat on the “cold bench” for a while will warm up? The market is paying attention, so there is the first scene.
Emerging market stocks and foreign exchange rose together. Can the capital return be sustainable?
The Fed’s interest rate meeting in June deepened the previous interest rate cut expectations, and the exchange rates of emerging market countries were given a breather. Reflected in the market, the stock market and foreign exchange market are “rising”.
The “relay” Raytron Technology Co.Ltd(688002) and Suzhou Tztek Technology Co.Ltd(688003) issued by the science and Innovation Board will be offered from now on
In the early morning of June 24, the Shanghai Stock Exchange disclosed Raytron Technology Co.Ltd(688002) , Suzhou Tztek Technology Co.Ltd(688003) 2 companies’ prospectus, listing and issuance arrangements and preliminary inquiry announcement. The two companies will offer shares at the same time on June 24 and enter the issuance procedure. Today, the science and Innovation Board will also usher in the lively scene of two offline roadshows a day for the first time.
The measures for the management of non life insurance reserves will be revised
Shanghai Securities News learned exclusively from the industry yesterday that in order to further improve the non life insurance reserve system and supplement the regulatory shortcomings, the regulatory authorities have revised the measures for the management of non life insurance business reserves of insurance companies (for Trial Implementation) (hereinafter referred to as the management measures) and its detailed rules, and are currently soliciting opinions within the industry for the second time.
Securities Times (special area)
The reform and opening up of China’s capital market has extensive global influence
“Like any emerging market, the development of China’s capital market is nonlinear and long-term. The inclusion of A-Shares in the FTSE Russell global stock index series shows that China’s capital market has made significant progress in opening the stock market to foreign investors.” In an exclusive interview with the securities times, waqas Samad, CEO of FTSE Russell, repeatedly praised the efforts made by China’s capital market in the field of opening to the outside world.
Sprint scientific innovation board has the Montage Technology Co.Ltd(688008) valuation geometry of “China core”
At present, Montage Technology Co.Ltd(688008) is also launching a sprint to the science and innovation board. It has entered the “submit registration” link and the status is “under further inquiry”; Before that, the company had gone through three rounds of inquiries, answered a total of 74 questions, and held a meeting on June 13. According to the relevant institutional arrangements, if the registration can be approved by the CSRC, the reporting enterprise will enter the inquiry and issuance stage.
The total net capital of the securities industry exceeded 1.6 trillion, reaching a historical peak
Recently, the fixed growth plan of Gf Securities Co.Ltd(000776) 15 billion yuan was terminated due to factors such as changes in market environment and financing opportunities, but more securities companies are actively enhancing their capital strength through the capital market to seek more development opportunities. Under the background of the launch and pilot registration system of the science and innovation board, securities companies with resources and capital advantages will take the lead.
Equity pledge of three financial institutions stepping on Lei * Gosun Holdings Co.Ltd(000971)
For * Gosun Holdings Co.Ltd(000971) with “stars and hats” due to illegal guarantee and joint borrowing, part of the equity held by the actual controller is undergoing judicial auction, which involves equity pledge.
Securities Daily (special area)
Foreign capital “buy” has increased its net holdings of Chinese bonds for six consecutive months
With the acceleration of the opening of China’s bond market to the outside world, international investors continue to buy Chinese bonds enthusiastically. According to the latest data released by the central government securities depository and Clearing Corporation, at the end of May, the Bond Custody balance of overseas institutions was 1610.619 billion yuan. The net increase in holdings in May expanded to 76.6 billion yuan, a net increase for six consecutive months, and the largest increase in holdings in a single month of the year.
Who is the first “private customization” of the new regulations of the supreme law on the reform of the science and innovation board intended to warn?
Another example of the “capital market record” derived from the science and innovation board – the Supreme People’s Court issued the “private customized version of the science and Innovation Board” judicial document last Friday – Several Opinions of the Supreme People’s Court on providing judicial guarantee for the establishment of the science and innovation board and the pilot registration system reform, This is the first systematic and comprehensive judicial document specially formulated for the basic institutional reform arrangement of the capital market in the history of the supreme law. So that some media directly use “support” to describe the supreme law’s attitude towards the reform of the science and innovation board.
The CSRC continues to strictly supervise the “three highs” of mergers and acquisitions and resolutely crack down on illegal acts such as malicious shell speculation
Recently, in order to continuously promote the market-oriented reform of M & A, promote supply side stock restructuring, incremental optimization and kinetic energy conversion, improve the quality of listed companies and serve the development of the real economy, the CSRC plans to modify some provisions of the administrative measures for major asset restructuring of listed companies and solicit opinions from the public. The deadline for feedback is July 20, 2019.
Suning.Com Co.Ltd(002024) it is proposed to acquire 80% equity of Carrefour China with RMB 4.8 billion
On the evening of June 23, Suning.Com Co.Ltd(002024) announced that Suning international, a wholly-owned subsidiary of the company, plans to invest 4.8 billion yuan to acquire 80% shares of Carrefour China. After the completion of this transaction, Suning.Com Co.Ltd(002024) will become the controlling shareholder of Carrefour China, and the shareholding proportion of Carrefour Group will be reduced to 20%.
China business daily
In June, local governments issued nearly 900 billion yuan of bonds to promote stable investment in major projects
The downward pressure on the economy has increased, and steady investment is urgently needed for steady growth. Recently, investment in infrastructure construction is expected to accelerate. Guangdong and other places have intensively launched plans for major construction projects. The issuance of local bonds was significantly accelerated in June, which is expected to reach a new high of 900 billion yuan in the year, so as to transfer funds for major projects such as infrastructure.
Create a legal environment for the operation of science and Innovation Board
As far as the capital market is concerned, the most concerned thing in the near future is the opening of the Kechuang board. With the imminent listing of the first batch of new shares on the science and innovation board, the construction of relevant systems to ensure the stable operation of the science and innovation board is accelerating, including the concerned legal environment.
economic reference daily
Encourage social capital to expand investment in the elderly care service industry, and a new wave of dividends will be intensively implemented
A new wave of intensive dividends in China’s elderly care service industry is coming. The reporter of economic information daily learned that following the release of the programmatic document of the State Council on promoting the elderly care service industry in April, the central departments and local governments are accelerating the introduction of specific implementation plans. Among them, the list of provincial pension service support policies and measures and investment guidelines will be available before the end of June. In addition, relevant departments are also intensively carrying out a new round of research and promotion meeting for elderly care services, planning major initiatives for elderly care services, reserves of a number of key projects, and strong tax incentives.
Supreme law issued 17 measures to escort the science and Innovation Board
As the date for the first batch of enterprises to be officially listed and traded is approaching, the systems and rules of the science and innovation board are being further improved. On June 21, the Supreme People’s Court issued several opinions on providing judicial guarantee for the establishment of the science and innovation board and the pilot reform of the registration system (hereinafter referred to as the opinions), from ensuring the smooth progress of the reform of the stock issuance system dominated by the market mechanism according to law, increasing the cost of violations of laws and regulations in the capital market according to law 17 measures are proposed to establish and improve the securities civil litigation system suitable for the reform of the registration system. This is also the first time in the history of the supreme law to specially formulate systematic and comprehensive judicial documents for the basic institutional reform arrangements of the capital market.
people’s daily
The “last mile” of interest rate marketization reform — steadily promoting the “two tracks in one track” of interest rate
Interest rate marketization is one of the core reforms in the financial field. This year’s government work report proposes to deepen the market-oriented reform of interest rates and reduce the level of real interest rates. The 2019 working meeting of the central bank clearly proposed to steadily promote the “two tracks in one track” of interest rate and improve the market-oriented interest rate formation, regulation and transmission mechanism. China’s monetary policy implementation report for the first quarter of 2019 issued by the central bank pointed out that we should continue to deepen the market-oriented reform of interest rates and steadily promote the “two tracks in one track” of interest rates.
( East Money Information Co.Ltd(300059) Securities Research Institute)
