On Friday, April 12th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities News phi and inquiry are more strict, and the quality of enterprises on the science and innovation board is facing a test
Ministry of Commerce of Shanghai Securities News: we are working with Shanghai Municipality to put forward a new free trade zone plan
Securities Times Kechuang Board plans to implement market order protection price limit
Price protection measures are proposed to be used in the market price declaration order of the Securities Daily Kechuang board
21st Century Business Herald CPI will continue to grow moderately, and inflation will not restrict monetary policy
Economic information daily the central and local governments have made concerted efforts to fight a combination of financial support entities
People’s daily in 2018, the National Marine GDP exceeded 8 trillion yuan, and the new driving force of marine economy continued to grow
China Securities Journal ( zone )
xinphi and Enquirer are more strict, and the quality of enterprises on the science and innovation board is facing a test
As of April 11, the number of enterprises accepted by the science and Innovation Board had increased to 65, of which 11 had applied for listing in other A-share sectors. In addition, some of the enterprises accepting the science and innovation board have capital market experience such as listing on the new third board and the return of China concept shares. Analysts believe that many enterprises “switch to” the science and innovation board reflects the strategic positioning and strong attraction of the science and innovation board. The launch of the science and innovation board provides enterprises with a more inclusive listing channel. However, the strategic positioning of the science and innovation board and the strict disclosure and inquiry requirements will fully test the quality of these enterprises.
financial multi-channel revitalize funds and stabilize infrastructure experts predict that the issuance scale of local special bonds in the second quarter exceeded 700 billion yuan
The fiscal revenue and expenditure data for the first quarter will be released soon. Experts predict that the growth of fiscal revenue will slow down when tax cuts and fees are implemented and downward pressure on the economy remains. With the commencement of major projects, the finance will accelerate the issuance of local special bonds as an important source of supplementary funds to ensure key expenditures. It is expected that the issuance scale of local special bonds in the second quarter will exceed 700 billion yuan, and the cumulative year-on-year growth rate of infrastructure investment is expected to rise to more than 6%.
China Securities News front page: the “economic bottom” of A-Shares is approaching
An article on the front page of China Securities said that the economic data of the first quarter will be released next week, but from some published data, production activities have recovered beyond expectations, and signs of economic bottoming and stabilization are beginning to appear. After the “policy bottom” and “market bottom” have been clarified one after another, the confirmation of “economic bottom” will provide more solid fundamental support for the development of A-share market.
“white dragon horse” was killed, and the organization went to retain differences
On April 11, Kweichow Moutai Co.Ltd(600519) and Gree Electric Appliances Inc.Of Zhuhai(000651) shares immediately became the target of market decline after reaching a new high, and super white horse stocks generally fell. At the close, the brand leading index fell 3.46%. At the same time, northbound funds are also reducing some white horse stocks recently. However, insiders believe that the overall valuation of Baima shares is relatively reasonable, but there are great differences on the future trend.
Shanghai Securities News (special area)
Ministry of Commerce: together with Shanghai, we are speeding up the proposal of new free trade areas
In response to the question on the expansion of the free trade zone raised by the reporter of Shanghai Securities News at a regular press conference yesterday, Gao Feng, a spokesman of the Ministry of Commerce, said that at present, the Ministry of commerce is working with Shanghai to put forward the plan for a new zone of the Shanghai pilot free trade zone.
Shanghai Stock Exchange optimizes the trading declaration mode of science and innovation board
The Shanghai Stock Exchange yesterday issued the notice on making technical preparations for the adjustment of the market order declaration mode of the science and innovation board, which plans to optimize and adjust the market order declaration mode of the science and innovation board and use price protection measures in the market order declaration of the science and innovation board. It is reported that when the Shanghai stock exchange processes the market price declaration, the transaction price and limit transfer price of the purchase declaration shall not be higher than the protection limit price, and the transaction price and limit transfer price of the sale declaration shall not be lower than the protection limit price.
7 cases in 100 days! Market warm air “blowing heat” backdoor
With the recovery of the A-share market, the backdoor scheme is advancing rapidly. Within 100 days since 2019, at least 6 listed companies have disclosed plans related to backdoor transactions (including termination cases), and another one has signed an intentional agreement. In 2018, there were only more than 10 backdoor cases. The reporter found that the market value of listed companies backdoor this year was generally about 3.4 billion yuan, while the volume of backdoor parties increased significantly, and 10 billion backdoor frequently appeared, including privatized overseas listed assets.
FAW cars are going to be changed into commercial vehicles! Faw Jiefang Group Co.Ltd(000800) the estimated value to be injected may reach 28 billion yuan
Under the “passenger car” and “commercial vehicle”, the main business of FAW car has ushered in a rapid lane change. Half a month after the suspension, FAW sedan issued a heavy restructuring plan on the evening of the 11th to buy the passenger car business and put Faw Jiefang Group Co.Ltd(000800) assets under the major shareholder, so as to realize the listing of China FAW Commercial Vehicle business in A-Shares and resolve the long-standing horizontal competition problems between the company and its controlling shareholders.
Securities Times (special area)
Kechuang Board plans to implement market order protection price limit
The Shanghai Stock Exchange issued a notice yesterday that on the basis of soliciting market opinions, it plans to use price protection measures in the market price declaration orders of the science and innovation board. The notice requires that before April 22, all securities companies, fund managers and other market participants shall make technical preparations, and the Shanghai Stock Exchange and China Clearing Shanghai Branch will organize round the clock testing at that time.
133 senior insurance agents launched the “three middle schools and one China” nearly half of them
So far, 65 enterprises have been accepted by the science and innovation board, involving 27 securities companies and 133 sponsor representatives. Among them, nearly half of the projects and insurance agents from “three middle schools and one China” ( Citic Securities Company Limited(600030) , China Securities Co.Ltd(601066) , China International Capital Corporation Limited(601995) , Huatai United Securities) account for. Most securities companies send experienced “veterans” to start.
the balance of two financing increased by nearly one trillion in ten consecutive years, and the balance of 20 shares increased by more than 50%
Although the Shanghai Composite Index fluctuated and adjusted recently, and most of the funds going north were net outflows, the balance of the two financial institutions continued to grow. Since March 26, the balance of the two financial institutions has increased for ten consecutive years, reaching 970.160 billion yuan on April 10, approaching the trillion yuan mark. In terms of individual stocks, during the continuous rise of the two financial balances, the financing balance of a total of 20 target stocks increased by more than 50%. Market analysis believes that the continuous growth of the balance of the two financial institutions is an obvious signal of active market funds, and can also be used as an important indicator to judge whether the medium and long-term market can continue to improve steadily.
front page of Securities Times: we should not only seek “safety” pension, and the market scale needs to be increased
With the deepening of aging, the risk of maintaining and increasing the value of endowment insurance funds will inevitably increase, and the scale of pension entering the market needs to be increased. Although the return on equity investment is uncertain in the short term, it is almost certain that the return on equity investment is higher than that on bonds in the long term. For long-term pension assets, the allocation of pension assets should be more active, increase the allocation of equity assets, and further expand the scope of investment. As a stable long-term fund, the entry of pension into the market is also a good thing for the capital market. It can be expected that accelerating the entry of pensions into the market and increasing the proportion will be one of the immediate solutions to fill the gap.
Securities Daily (special area)
price protection measures to be used in the market price declaration order of science and innovation board
The reporter of Securities Daily learned on April 11 that the Shanghai stock exchange plans to organize another round of special test (full return) of the science and innovation board from April 22, including the newly released technical interface, business rules and various business tests of the main board.
Ministry of Commerce: put forward the new area plan of Shanghai Free Trade Zone
“At present, the Ministry of commerce is working with Shanghai Municipality to put forward a plan for a new zone of the Shanghai pilot free trade zone. We will promote the construction of the pilot free trade zone with high standards and high quality in accordance with the decisions and arrangements of the CPC Central Committee and the State Council.” Gao Feng, spokesman of the Ministry of Commerce, said at the regular press conference of the Ministry of Commerce held on April 11.
heroic dividends are favored by all parties and help value investment become the mainstream
Although yesterday Kweichow Moutai Co.Ltd(600519) closed with a shadow line, the share price has risen by more than 100 yuan from the release date of the 2018 annual report. On March 28, Kweichow Moutai Co.Ltd(600519) released the 2018 annual report. It is planned to distribute a cash dividend of RMB 145.39 for every 10 shares, with a total cash dividend of RMB 18.264 billion, accounting for about 51.88% of the company’s annual net profit. Kweichow Moutai Co.Ltd(600519) used half of the annual profits to give back to shareholders, which has surpassed the level of 40% to 50% in the international mature market, and has been highly praised by investors.
40 years ago, the “little boss” now dominates the kitchen electric Hangzhou Robam Appliances Co.Ltd(002508) uses 626 patents to “cook” Chinese delicious
After more than 10 years of rapid development, the kitchen power industry has entered a period of in-depth adjustment since 2018. The traditional kitchen power has experienced a negative growth of about 10%, and the upgrading of industrial structure is urgent. As a leader in the kitchen electricity industry, Hangzhou Robam Appliances Co.Ltd(002508) recently disclosed 2018 performance express shows that the company has achieved steady growth in performance, with operating revenue and net profit attributable to shareholders of listed companies increasing by 6.61% and 1.36% respectively year-on-year. Although the growth rate is small, this contrarian growth is enough to make Hangzhou Robam Appliances Co.Ltd(002508) particularly dazzling.
21st Century Business Herald
CPI will continue to grow moderately, and inflation will not restrict monetary policy
After the year-on-year growth rate of PPI was at a low level of 0.1% for two consecutive months, the market was more worried about deflation. The price data released on April 11 showed that the PPI rose by 0.4% year-on-year in March, reducing the risk of short-term deflation. Meanwhile, CPI increased by 2.3% year-on-year in March, returning to the “2 era”, both the stock market and the bond market reacted. This is actually a worry about the direction of monetary policy, but prices will still increase moderately in the future, and inflation will not restrict monetary policy.
still discussing the “996” working system? Guangzhou’s new policy of promoting consumption encourages flexible work and rest
The recent heated discussion on the “996” working system has aroused the resonance of many office workers. Almost all office workers hope to allocate their working hours more freely, reasonably and humanely without being “captured” by work. From the perspective of the government, it seems that it does not want people to be tied to their desks all the time. On April 11, the 21st Century Business Herald reporter learned that the recently issued Implementation Plan for improving the consumption promotion system and mechanism in Guangzhou (2019-2020) emphasized the implementation of the paid leave system and encouraged peak shift leave and flexible work and rest.
economic reference daily
the central and local governments make concerted efforts to fight a combination of financial support entities
Solving the financing difficulties and expensive financing of real enterprises has become the policy focus of many ministries and commissions and local governments. Since the beginning of the year, the central bank, China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission have successively issued documents and played a policy combination fist, aiming to guide the capital transfusion to the real economy, especially small, medium-sized and micro enterprises and private enterprises in targeted drip irrigation. At the same time, relevant guidance and supporting measures have been issued at the local level to create a good financing environment for real enterprises.
in April, the dividends of tax reduction and fee reduction in the first “great levy period” were paid in a centralized manner
The reporter of economic information daily learned from the State Administration of Taxation on the 11th that the tax declaration period in April this year is the “big levy period” well known to taxpayers, that is, small-scale taxpayers declare value-added tax on a monthly and quarterly basis, enterprises prepay enterprise income tax on a quarterly basis, and taxes (Fees) such as personal income tax and consumption tax declared on a monthly basis enter the centralized declaration period. With the arrival of the declaration in the first quarter, the government’s larger and more substantive tax reduction and fee reduction policies will focus on paying dividends, deepen the value-added tax reform and land smoothly. Taxpayers will feel a full sense of gain in this “big levy period”.
according to the current review, the policy lag is coming to an end, and the economy is expected to stabilize in the second quarter
At present, the policy time lag is coming to an end. First, the foreign trade situation tends to ease. This year, global economic and trade relations are expected to ease in stages. China’s foreign trade presents diversified characteristics, the structure of import and export commodities continues to be optimized, and the pressure on foreign trade will be relieved. Secondly, the financial industry has achieved great results in strengthening supervision in an all-round way, which has been eased at present. Third, the reform dividend of economic structure optimization and upgrading will be gradually released. Fourth, the development of private enterprises has received policy support. It is expected that there will be no significant decline in investment, consumption and export in 2019. China’s economy is expected to stabilize in the second quarter, and the annual economic growth may show a trend of “first low and then high”.
people’s daily
in 2018, the National Marine GDP exceeded 8 trillion yuan, and the new driving force of marine economy continued to grow
The reporter learned from the Ministry of natural resources that on April 11, the 2018 China marine economy statistical bulletin was officially released. According to preliminary accounting, the National Marine GDP in 2018 was 8341.5 billion yuan, an increase of 6.7% over the previous year, and the marine GDP accounted for 9.3% of China’s GDP. Among them, the added value of marine primary industry is 364 billion yuan, the added value of secondary industry is 3085.8 billion yuan, and the added value of tertiary industry is 4891.6 billion yuan. The added value of marine primary, secondary and tertiary industries accounts for 4.4%, 37.0% and 58.6% of marine GDP respectively. It is estimated that there were 36.84 million sea related employees in 2018.
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