On Friday, April 26th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal the central bank has no intention to tighten or relax monetary policy in response to market concerns
Shanghai Securities Journal, one of the ministries one, “one belt, one road” to build a high quality development prospect.
Securities times central bank: there is no intention to tighten or relax monetary policy, which always matches the nominal economic growth
Securities Daily Shanghai Stock Exchange: the two financing system of science and innovation board is still under study and formulation
How can foreign capital establish a financial institution? Detailed guidance on 67 management measures of Guangdong Free Trade Zone
Economic reference daily, one thousand enterprises docking will one speed up one belt, one road and one side.
People’s daily promotes one belt, one road and another.
China Securities Journal ( zone )
the central bank has no intention to tighten or relax monetary policy in response to market concerns
Is this the end of the debate over whether monetary policy will turn? Liu Guoqiang, vice president of the people’s Bank of China, said at the regular policy briefing of the State Council held by the Information Office of the State Council on the 25th that at this stage, the orientation of monetary policy is stable, the operation method is discretionary, pre adjustment and fine adjustment, and the operation goal is appropriate tightness. The central bank has no intention to tighten monetary policy or relax monetary policy. We neither want to see a shortage of market liquidity nor a flood of market liquidity.
China: one belt, one road, , in the light of China’s financial industry’s opening up
China one belt, one road one belt, one road leader, Chinese President of the people’s Bank of China, Yi Gang, 25, said at a second forum on “the one way and one” International Cooperation Summit Forum, “financial integration” sub forum, according to statistics, China’s financial institutions provide more than 440 billion dollars for the “one belt and one road” construction. Among them, the RMB overseas fund business independently carried out by financial institutions has a scale of more than 320 billion yuan. China’s capital market has provided equity financing for relevant enterprises of more than 500 billion yuan, and countries and enterprises along the line have issued Panda Bonds of more than 65 billion yuan in China.
institutional personnel reveal the financing status of private enterprises, and the problem of private enterprise bond issuance remains to be solved
China Securities Daily reporter recently learned that the total cost of loans for large private enterprises is currently around 7%, and the medium-sized enterprises are higher in 7%-8% and small businesses. Under the background of continuous policy combination against the problem of “difficult and expensive financing” of private enterprises, large state-owned banks began to make efforts in the credit supply of small and micro enterprises, forcing the overall interest rate level of urban commercial banks to decline.
comment on the front page of China Securities News: beware of “black swan” in the pig cycle
As long as the stock is low and the pig price rises, can the pig cycle continue to fly? Since this year, the market has obviously placed high expectations on the sufficient rather than necessary conditions for the upward trend of this round of pig cycle. However, in terms of the logical deduction of the pig cycle market, the explanation based on this factor alone is still slightly weak, “black swan” still needs to be prevented. At least for now, the pig stock data continues to decline sharply, which is still driving the market.
Shanghai Securities News (special area)
, one belt, one road, many ministries and commissions, building high quality development prospects
One belt, one road and one belt, one road, is held one day. The second one belt, one Road International Cooperation Summit Forum was held on 25. On the basis of summarizing the experience of the previous stage, how to build a more comprehensive and meticulous work on “one belt and one road” and to write a new chapter on building a “one belt and one road” is a topic of common concern. Heads of ministries and commissions such as the Ministry of finance, the people’s Bank of China, SASAC and the State Administration of Taxation talked about this topic from the fields of financing, smooth trade and enterprise cooperation.
prepare for the stock financing and financing business of the science and innovation board, and the securities firm builds a high risk control dam
Yesterday, China Securities Association organized securities companies to carry out special training on the risk management of stock margin trading on Kechuang board, and some securities companies introduced their experience. The reporter learned that securities companies have begun to prepare the margin trading business of Kechuang board stocks. It is expected that the conversion rate of two financing of Kechuang board stocks is generally lower than that of a shares, and the margin ratio of two financing is higher than that of a shares. The securities companies will dynamically adjust the margin proportion of shares on the science and innovation board day by day according to the actual situation. In addition, securities companies will also limit the total scale of stock financing and financing on the science and innovation board. In addition, investors need to apply for the opening of the trading authority of the science and Innovation Board on the basis of the opening of the trading authority of the science and innovation board.
did the Shanghai index fall below the important support line or did the bull turn back?
Yesterday, the stock index fell below the 30 day moving average for four consecutive days. These situations, which first appeared after the establishment of this round of market, show that the comparison of long and short forces has changed. Is it “cow turning back” or “cow ending”? In this regard, some well-known strategic analysts pointed out that we should pay attention to “better opportunities to fall out” while being wary of the “cold summer wind” in the middle and late second quarter.
the actual controller was arrested for involvement in the underworld. Zhongke Xincai’s “black hole” effect spread
On April 25, Zhongke Xincai disclosed that the company had received three civil rulings delivered to the company by the Suzhou park court. Zhongke Xincai, the controlling shareholder of the company, Zhongke Chuang assets, the wholly-owned subsidiary Suzhou xingheyuan and many other bank deposits and real estate were seized by the court. On the same day, Zhongke Xincai fell 9.35%.
Securities Times (special area)
central bank: there is no intention to tighten or relax monetary policy, which always matches the nominal economic growth
Recently, the discussion on whether to turn monetary policy has been hot. In response to the market debate, sun Guofeng, director of the Monetary Policy Department of the central bank, responded that the current economic and financial situation outside China is still complex and there are still many uncertain factors. In this case, a prudent monetary policy should be pre adjusted and fine tuned in time according to the changes of economic growth and price situation, so as to meet the needs of economic operation in a reasonable range. It should be noted that the overall strength of the prudent monetary policy is appropriate and the tightness is moderate. It was not relaxed and can not be tightened now. It always matches the nominal economic growth.
the first batch of collective asset management plans of securities companies on the science and innovation board were implemented
On April 24, Citic Securities Company Limited(600030) quietly announced the establishment of a collective asset management plan for securities companies on the science and innovation board – Citic Securities Company Limited(600030) science and innovation leading series collective asset management plan. On the same day, the selected series of collective asset management plans of China Merchants asset management, science and innovation also began to be put on sale. This is also the landing of the first batch of collective asset management plans of securities companies on the science and innovation board.
“super pig cycle” may have a weaker impact on inflation than expected
The unexpected “African swine fever” has brought a new round of pig cycle ahead of schedule. Some institutions estimate that the sharp rise in pig prices will strongly drive the rise of CPI. Once the CPI is close to 3%, it may lead to the tightening of monetary policy. However, considering the weakening relationship between pig price and CPI, the gradual mitigation of African swine fever and the expected supply growth, it can be found that the “second brother” has lost the prestige of that year, and the impact of this pig cycle on inflation may be weaker than market expectations.
Shengshi container stirred the container leader in the global shipping industry or was “competed” by shareholders
Since the global container “second” Shengshi container confirmed to sell the container business in March, the changes in the shipping industry have also deeply affected the nerves of the capital market, triggering speculation about the potential suppliers and the changes in the pattern of the container shipping industry. Among them, Cosco Shipping Development Company Limited(601866) gradually surfaced and became the most likely receiver. At the same time, Cosco Shipping Development Company Limited(601866) also participated in the container leader China International Marine Containers (Group) Co.Ltd(000039) . Once the transaction is settled, the two sides will face up to the “confrontation” from the shareholder relationship.
Securities Daily (special area)
Shanghai Stock Exchange: the two financial system of science and innovation board is still under study and formulation
For the securities lending business of the science and technology innovation board reported by the media, institutional arrangements such as t + 0 repayment will be implemented. The Shanghai Stock Exchange said on April 25 that “it is concerned that there are untrue reports, which may mislead market participants”. At the same time, the Shanghai Stock Exchange said that the relevant institutional arrangements for margin trading and refinancing securities lending on the Kechuang board are still under study and formulation, and will be announced to the market in time after finalization.
securities lending T + 0 is not an urgent option. Experts say the securities source can not meet the demand
On April 25, the official microblog of the Shanghai Stock Exchange issued a statement on matters related to the securities lending business of the science and innovation board, saying that the Shanghai Stock Exchange was concerned about media reports that the securities lending business of the science and Innovation Board would implement T + 0 repayment and other institutional arrangements, and the relevant reports were untrue, which may mislead market participants.
According to the global AI development report (2018), Chinese AI enterprises raised US $15.7 billion last year
Recently, an AI report released by Wuzhen think tank shows that China is becoming one of the most active countries in AI investment and financing in the world. Chinese AI enterprises not only raised a total of US $15.7 billion last year, but also a single financing is quite generous, with an average of more than US $60 million; Chinese AI enterprises have raised more than 260 times, with an average of more than US $60 million each.
LETV’s share price fell by 99% and locked 291900 shareholders
LETV may end the last trading day of the year. According to LETV’s announcement, the company expects the disclosure date of the 2018 annual report to be April 26. If the company touches “the financial and accounting report of the latest year shows that the audited net assets at the end of the year are negative” or “the financial and accounting reports of the last two years have been issued by certified public accountants with negative or unable to express opinions”, the listing of the company’s shares will be suspended, The trading of the company’s shares will be suspended from the opening of the market on April 26.
21st Century Business Herald
how can foreign capital establish a financial institution? Detailed guidance on 67 management measures of Guangdong free trade zone
As the pioneer of a new round of reform and opening up, the pilot Free Trade Zone undoubtedly shoulders the mission. The guidelines issued by Guangdong pilot free trade zone is a useful exploration. Foreign investors can find an accurate path with this guide. This innovation naturally hopes to attract more foreign investment by improving openness and convenience.
annual examination of the new regulations on asset management: the channel business shrinks by more than 10 billion every day, and new problems are hidden in the inclusive public offering
Within one year of the implementation of the new regulations on asset management, the one-to-one products representing the channel business are shrinking rapidly, and many financing businesses and non-standard assets are also continuously diverted after the implementation of the new regulations on asset management. Some previous stock channel businesses have stopped continuing under the pressure of the new regulations on asset management. After nearly a year of fermentation, by the end of February 2019, the total scale of single products of securities companies, fund companies and subsidiaries was only 19.19 trillion yuan. This also means that in the 334 days in these 11 months, the total evaporation scale of single asset management products reached 4.72 trillion yuan, with an average evaporation of 14.132 billion yuan per day.
economic reference daily
thousand field docking one will accelerate the one belt, one road, and build together.
25, one belt, one road Entrepreneurs Conference one belt, one road to another more than 80 countries and 850 industrial and commercial representatives gathered together. They organized nearly 1000 “one to one” docking talks between industry and time division, and signed a number of production and investment cooperation projects covering many fields, including infrastructure, energy resources, production capacity and other fields. These projects have the characteristics of wide coverage of countries, large basic role, strong demonstration effect and many livelihood projects.
the central bank emphasizes that the orientation of monetary policy remains unchanged
After the expected drop in the reserve requirement has cooled down, some market participants are worried that the orientation of monetary policy will be tightened. At the regular policy briefing of the State Council held on the 25th, Liu Guoqiang, vice president of the people’s Bank of China, made it clear that the orientation of monetary policy at this stage is stable, the operation method is discretionary, pre adjustment and fine adjustment, and the operation goal is appropriate tightness. “Therefore, the central bank has no intention to tighten monetary policy or relax monetary policy. We do not want to see a shortage of market liquidity or a flood of market liquidity.” He said.
people’s daily
promotes one belt, one road and another, and goes deep into real .
The “one belt, one road” initiative is not geopolitical but pragmatic cooperation platform. It is not a foreign aid plan, but a joint development initiative to discuss, build and share.
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