On Thursday, June 20th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal State Council: identify the entry point and expand effective investment
Shanghai Securities News local governments continue to make steady growth and push forward the investment plan for major projects of several trillion yuan
Securities times the State Council deployed stable investment to promote the transformation of old residential areas
Securities Daily released the report card of securities companies in 2018, and the three old securities companies ranked among the top three in terms of revenue and net profit
21st Century Business Herald the State Council will deploy the transformation of old urban communities: it is related to hundreds of millions of residents, which can not only stabilize investment but also promote consumption
The economic situation of the economic information daily entered the mid year window period: intensive research by ministries and commissions, and the policy context became clearer in the second half of the year
People’s daily Li Keqiang presided over the executive meeting of the State Council
China Securities Journal ( zone )
State Council: identify the entry point and expand effective investment
Premier Li Keqiang chaired an executive meeting of the State Council on June 19 to deploy and promote the transformation of old urban communities and comply with the expectations of the masses to improve living conditions; Determine measures to complete the task of rural power grid transformation and upgrading ahead of schedule to help rural revitalization; It is required to consolidate and improve the level of drinking water safety in rural areas, support poverty alleviation and ensure basic people’s livelihood.
Suzhou Hyc Technology Co.Ltd(688001) estimation and pricing of roadshow launching agency
On June 19, Suzhou Hyc Technology Co.Ltd(688001) took the lead in disclosing the listing arrangement and preliminary inquiry announcement. On the same day, the company’s offline roadshow promotion was officially launched. As the first inquiry enterprise on the science and innovation board, the “price code” of Suzhou Hyc Technology Co.Ltd(688001) has attracted much attention. From the market feedback, although some businesses involve the semiconductor industry, at present Suzhou Hyc Technology Co.Ltd(688001) is still positioned as a “high-end equipment manufacturing” company manufacturing testing equipment, and the target A-Shares are Wuhan Jingce Electronic Group Co.Ltd(300567) belonging to the same industry.
The “new moment” is approaching, and investors can participate in multiple channels
On June 19, the first share Suzhou Hyc Technology Co.Ltd(688001) of the science and Innovation Board announced the online subscription time and subscription code of its new shares, and the science and innovation board is about to enter the “new moment”. Industry insiders said that the winning rate of Dingge subscription by individual investors may reach 0.93%. Ordinary investors who cannot participate in innovation can also participate in innovation on the science and innovation board through public funds, so as to thicken their own income.
The fund-raising investment project on the science and Innovation Board refuses to “go down in the future”
The construction of science and technology innovation board is in full swing. China Securities Journal reporter observed that while refreshing the speed of the capital market, the science and Innovation Board also actively prevented some “disadvantages” of the market. At the time of listing, the raised investment projects were hyped up; After listing, raised investment projects are difficult to land, and raised investment projects are frequently changed. This kind of “depression” should be avoided by the science and innovation board.
Shanghai Securities News (special area)
Local governments continue to make efforts to stabilize growth and push forward the investment plan for major projects of several trillion yuan
Near the middle of the year, the pace of steady growth of local forces has become even faster. Major project construction is still regarded as a strong starting point for steady growth. Guangxi, Shandong, Anhui, Hunan and other provinces have intensively released a new batch of key project construction plans, involving a scale of several trillion yuan. In addition to traditional transportation, energy and other infrastructure projects, 5g commercial, artificial intelligence and other new infrastructure projects with new technology as the main direction have become investment hotspots.
Two exams a day, five companies complete customs clearance Espressif Systems (Shanghai) Co.Ltd(688018) to realize “double none” of inquiry and audit
Two exams a day, all five passed. On the evening of June 19, the Shanghai Stock Exchange released the results of the 5th and 6th review meetings of the municipal Party Committee on the science and innovation board and agreed to the IPO application of Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Appotronics Corporation Limited(688007) , Espressif Systems (Shanghai) Co.Ltd(688018) , Shanghai Microport Endovascular Medtech (Group) Co.Ltd(688016) and Dbappsecurity Co.Ltd(688023) . The five companies have only two levels of “registration” and “issuance” before they finish the whole process of listing on the science and innovation board.
The implementation of the national intellectual property strategy promotion plan was introduced to encourage the exploration of intellectual property securitization in Hainan and xiong’an
According to the official website of the State Intellectual Property Office, the promotion plan for in-depth implementation of the national intellectual property strategy in 2019 and accelerating the construction of an intellectual property power was recently issued. The inter ministerial Joint Conference Office for the implementation of the intellectual property strategy of the State Council has planned the overall measures for the construction of an intellectual property power this year from six aspects and 106 measures.
The financing of real estate enterprises is uneven. The strong continue to issue bonds with a large amount of money, and the weak have no choice but to throw assets “back to blood”
Although there are rumors in the market that the financing environment of real estate enterprises is tightened again, the issuance of bonds by real estate enterprises continues the “blowout” situation since the end of last year. According to statistics, as of June 14, 437 credit bonds have been issued by real estate enterprises this year, with a financing amount of nearly 339.090 billion yuan, an increase of 49.1% and 34.9% respectively year-on-year. The “blowout” situation of real estate enterprises’ financing can be seen. However, affected by the enterprise’s own qualification and financing ability, the financing of real estate enterprises is also mixed, uneven, and the strong is always strong. Some vulnerable real estate enterprises can only “blood transfusion” by selling assets.
Securities Times (special area)
The State Council deployed stable investment to promote the transformation of old residential areas
Premier Li Keqiang chaired an executive meeting of the State Council on June 19 to deploy and promote the transformation of old urban communities and comply with the expectations of the masses to improve living conditions; Determine measures to complete the task of rural power grid transformation and upgrading ahead of schedule to help rural revitalization; It is required to consolidate and improve the level of drinking water safety in rural areas, support poverty alleviation and ensure basic people’s livelihood.
One year of private enterprise rescue: some successfully landed and some continued to trek
It will be the anniversary since the first private enterprise in Beijing and Shenzhen was successfully rescued by state-owned assets in the middle of last year. Over the past year, multi-channel rescue funds accelerated to enter, especially the national rescue action led by local governments started like a prairie fire, and more than 100 private listed companies announced that they had been or would be rescued by state-owned assets.
Securities times front page comment: will underperforming stocks enter the “fairy stock” era? Not technically
The decline of underperforming stocks and delisting stocks seems to have no end. As of yesterday’s closing, a total of 7 stocks in Shanghai and Shenzhen had a share price of less than 1 yuan, of which Hairun, which is in the delisting consolidation period, fell to 0.14 yuan, becoming the cheapest A-share in history.
Suzhou Tztek Technology Co.Ltd(688003) obtained IPO registration of Kechuang board
Yesterday, the CSRC agreed to register the initial public offering of Suzhou Tztek Technology Co.Ltd(688003) on the science and innovation board in accordance with legal procedures. The CSRC said that the above-mentioned enterprises and their Underwriters will negotiate with the Shanghai Stock Exchange to determine the issuance schedule and publish the offering documents.
Securities Daily (special area)
The report card of securities companies in 2018 was released, and the three old securities companies ranked among the top three in terms of revenue and net profit
On June 19, the reporter of Securities Daily learned from the China Securities Association that the Association recently ranked the audited operation data and business conditions of 98 securities company members in 2018. Ranking indicators include 39 indicators such as total assets, net assets, operating income, net profit and return on net assets.
The performance speed and passion of science and innovation board are indispensable for investors’ risk awareness
The scientific innovation board staged a “speed and passion”. It took only 220 days from the formal proposal to the opening of the board. The author believes that the reason why the science and innovation board can be promoted rapidly is that China’s economic model needs to be driven by innovation and needs to support innovative enterprises with the capital market, so that these enterprises can make use of the capital market to become bigger and stronger.
The central parity of the RMB exchange rate hit a new high in more than two weeks. Experts said that the exchange rate flexibility is expected to expand moderately
On June 19, Wang Qing, chief Macro Analyst of Dongfang Jincheng, said in an interview with the Securities Daily that there are two main reasons behind the significant appreciation of the RMB exchange rate against the background of the recent rise of the US dollar index. First, the external economic environment, which has a great impact on the current foreign exchange market, should be eased. This has boosted the sentiment of the foreign exchange market to a certain extent, driving the RMB exchange rate to rise sharply in the offshore and onshore markets. Secondly, after experiencing the fluctuation of RMB exchange rate in the early stage, the regulators took the initiative to carry out market communication, and various policy tools including offshore central bills effectively stabilized the market expectations – the RMB forward exchange rate in the offshore market shows that the depreciation expectations have not gathered significantly during this period, and the market itself has accumulated a certain recovery momentum.
We are not soft on cracking down on illegal acts in the capital market. 117 entities have received fines this year
After combing, the reporter of Securities Daily found that as of June 19, the CSRC has published 55 administrative punishment decisions this year, involving 117 illegal subjects. At the same time, seven decisions on banning entry into the market were also announced, and 11 people were banned from the market.
21st Century Business Herald
The national standing committee will deploy the transformation of old urban communities: it is related to hundreds of millions of residents, which can not only stabilize investment but also promote consumption
At present, the old urban communities that need to be transformed in China involve hundreds of millions of residents. The investment cycle of the old community reconstruction project is very short, the marginal benefit is obvious, the capital turnover is very fast, and can be quickly transformed into consumption capacity.
“618” e-commerce transaction volume may reach 400 billion, and the domestic brands have a strong counter attack
618, entering its seventh year, has already changed from the carnival of Jingdong family to the mid year promotion of the whole industry. In the early morning of June 19, all major platforms handed over 618 transcripts. From 0:00 on June 1, 2019 to 24:00 on June 18, 2019, the cumulative order amount of JD platform reached RMB 2015 billion, which was close to the transaction amount of RMB 213.5 billion of tmall’s double 11 last year. Tmall officially disclosed that hundreds of Chinese and foreign brands sold more than double 11 last year during 618, with a maximum increase of more than 40 times, and the number of brands with a turnover of more than 100 million exceeded 110.
economic reference daily
The study and judgment of the economic situation entered the mid year window period: intensive research by ministries and commissions, and the policy context became clearer in the second half of the year
Nearly half of 2019 has passed, and the study and judgment of macroeconomic situation has entered the mid year window period. The reporter of the economic information daily learned that recently, ministries and commissions such as the national development and Reform Commission and many provinces intensively launched research to analyze the current situation and feel the pulse of the economy in the middle of the year, so as to prepare for policies and measures in the second half of the year. Experts pointed out that the policy context is becoming clearer in the second half of the year, the counter cyclical adjustment will be renewed, and more measures of fiscal and monetary “combination boxing” can be implemented.
The State Council plans to complete the transformation and upgrading of rural power grid one year ahead of schedule
Premier Li Keqiang chaired an executive meeting of the State Council on June 19 to deploy and promote the transformation of old urban communities and comply with the expectations of the masses to improve living conditions; Determine measures to complete the task of rural power grid transformation and upgrading ahead of schedule to help rural revitalization; It is required to consolidate and improve the level of drinking water safety in rural areas, support poverty alleviation and ensure basic people’s livelihood.
people’s daily
Li Keqiang presided over the executive meeting of the State Council
Premier Li Keqiang chaired an executive meeting of the State Council on June 19 to deploy and promote the transformation of old urban communities and comply with the expectations of the masses to improve living conditions; Determine measures to complete the task of rural power grid transformation and upgrading ahead of schedule to help rural revitalization; It is required to consolidate and improve the level of drinking water safety in rural areas, support poverty alleviation and ensure basic people’s livelihood.
( East Money Information Co.Ltd(300059) Securities Research Institute)
