On Thursday, March 14th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal strengthened the construction of the rule of law in the capital market and significantly increased the cost of violations of laws and regulations
Shanghai Securities News plays a long-term war against financial risks to ensure the reasonable speed of economic trains
Securities Times Securities Times front page comment: strive to turn high cash dividend into market welfare
Comments on the front page of Securities Daily Securities Daily: implement tax cuts and fee reductions in a down-to-earth manner, increase the vitality of enterprises and add impetus to the stock market
Economic reference Daily Economic Counselor front page: adhere to innovation driven and promote the transformation of old and new kinetic energy
The 21st Century Business Herald audit system test feedback is different, and many securities companies strive to apply for the first batch of science and innovation board
China Securities Journal ( zone )
strengthen the construction of the rule of law in the capital market and significantly increase the cost of violations of laws and regulations
The low cost of violations in the financial sector, especially in the capital market, has always been a stubborn disease perplexing the reform and development of China’s capital market. Many representatives and members offered suggestions and suggestions on solving this problem. They said that it is necessary to establish a strict severe punishment system in the capital market, further improve the relevant systems related to the capital market through corresponding amendments to the securities law, company law and criminal law, strengthen the construction of the rule of law in the capital market, do a good job in the “top-level design” and increase the cost of violations, so as to standardize market behavior, maintain market order and protect the legitimate rights and interests of investors, Promote the stable and healthy development of the capital market.
free trade zone “wild geese array” flying high-level opening and upgrading
The construction of “wild geese array” in China’s free trade zone is leading the “green clouds” of high-level opening-up. In the process of “giving the pilot Free Trade Zone greater autonomy in reform and innovation” and “exploring the construction of a free trade port with Chinese characteristics”, the construction of China’s free trade zone and free trade port is expected to present a magnificent picture of a hundred Ge competing, accumulate rich experience in “bold test, bold breakthrough and independent reform”, and promote high-quality development with high-level opening-up.
vocational education ushers in a golden development period, and the trillion yuan market is ready
The government work report places “Vocational Education” in an unprecedented important position, and the vocational education with a trillion market scale will usher in an opportunity for rapid development. From the current situation, the development of vocational education still needs to solve the problems such as “integration of industry and education and school enterprise cooperation”.
the investment service center requires Hangzhou Anysoft Information Technology Co.Ltd(300571) to explain many questions about the acquisition
On March 5, Hangzhou Anysoft Information Technology Co.Ltd(300571) disclosed the acquisition announcement and planned to purchase 51% equity of Shenzhen Zhaoneng XunTong Technology Co., Ltd. held by its actual controllers Guo Qing and Zhang Hui with RMB 111 million in cash. Hangzhou Anysoft Information Technology Co.Ltd(300571) an extraordinary general meeting of shareholders will be held on March 21 to consider this matter. CSI small and medium-sized Investor Service Center said that the disclosure of the acquisition plan to Shenzhen Zhaoneng is relatively simple, and the investors’ information is not fully obtained, so they are unable to make a rational judgment. As a public welfare institution protecting the rights and interests of investors and a minority shareholder of Hangzhou Anysoft Information Technology Co.Ltd(300571) , the investment service center has doubts about the sustainability of Shenzhen Zhaoneng’s future operation and whether the high premium acquisition involves interest transmission, and hopes that Hangzhou Anysoft Information Technology Co.Ltd(300571) can respond in time.
Shanghai Securities News (special area)
fight a protracted war against financial risks to ensure the reasonable running speed of economic trains
According to the latest data, China’s macro leverage ratio decreased by 1.5 percentage points in 2018, and initial results were achieved in deleveraging. Preventing and resolving financial risks will face more complex situations this year. How to ensure that the economic growth rate remains within a reasonable range and gradually resolve the long-term accumulated risks undoubtedly tests the balance ability and wisdom of relevant departments on “stable growth” and “risk prevention”.
Liu Xinhua: Innovating the institutional arrangements of the capital market and improving the soft power of attracting foreign investment
“MSCI can specially design the China Index of listed companies incorporated into the registration system, which will attract the passive tracking of investment funds from all over the world.” Liu Xinhua, deputy to the National People’s Congress, vice chairman of the financial and Economic Commission of the National People’s Congress and former vice chairman of the China Securities Regulatory Commission, said on March 13 that through the new institutional arrangements on the capital market, we can innovate the means of attracting foreign investment. For example, the scientific innovation board and the pilot registration system can become a new platform for China’s capital market to attract foreign investment.
science and Innovation Board welcomes the first batch of listed counseling enterprises
On March 13, Hangzhou Qiming medical and Harbin Harbin Xinguang Optic-Electronics Technology Co.Ltd(688011) made it clear in the publicity document on the basic situation of listed counseling enterprises issued by Zhejiang securities regulatory bureau and Heilongjiang securities regulatory bureau that they would prepare for listing on the science and innovation board; On the same day, the Shanghai Securities Regulatory Bureau issued a progress report on the guidance work. Shanghai Shanghai Shen Lian Biomedical Corporation(688098) and Shanghai Juchen semiconductor planned to change the application for listing into a science and innovation board. Thus, the above-mentioned companies have become the first batch of listed counseling enterprises on the science and innovation board.
* ST Changsheng suspended its listing from March 15
On the evening of March 13, * ST Changsheng announced that the company received the decision on suspension of listing of Changsheng Biotechnology Co., Ltd. issued by Shenzhen Stock Exchange on the same day, and the listing of the company’s shares will be suspended from March 15, 2019.
Securities Times (special area)
front page comment of Securities Times: strive to turn high cash dividend into market welfare
The front page of the securities times commented that Huabao Flavours & Fragrances Co.Ltd(300741) approaching the top grid dividend caused market controversy. Controversy is not a bad thing. It shows that all parties in the market are paying attention to it and hope that the dividend system can be further improved and effectively become an institutional tool for the benefit of the market. In recent years, on the one hand, regulators have paid close attention to the simple high transfer, on the other hand, they have taken many measures to encourage cash dividends, which has indeed significantly improved the enthusiasm of listed companies for cash dividends, and the number of “iron roosters” is decreasing, which is in the common interests of most market participants. Therefore, Huabao Flavours & Fragrances Co.Ltd(300741) the proposed cash dividend motion is commendable. If the company is committed to improving its operating level this year and subsequent years, obtaining more quality cash flow and net profit, and further optimizing its equity structure, the total cash distribution of up to 2.464 billion yuan will obviously not become a negative factor. On the contrary, it will enhance the confidence of investors and upstream and downstream in the company. Only by substantially doing a good job in the operation will the doubts and concerns raised by all parties in the market be solved, and a high proportion of cash distribution will truly become the well-being of the market.
regulatory linkage to prevent off-site fund allocation departments from holding a special meeting recently
Yesterday, the Securities Times reporter learned from a number of securities companies that the regulatory authorities recently held intensive relevant meetings to convey the regulatory attitude on the external access and OTC capital allocation of securities companies. Some securities traders said that some securities companies’ online trading systems have defects and can be used by some capital allocation companies to make a capital allocation platform after cracking relevant interfaces. Some participating securities companies issued internal notices requiring brokerage business lines and branches to strictly implement the spirit of the meeting of China Securities Association and standardize and comply with the practice.
the voice for revising the securities law is rising, and increasing punishment has become the focus of attention
The revision of the securities law affects the hearts of hundreds of millions of investors. The process of amending the law and how to better revise the securities law attracted great attention of the deputies and members during the two sessions. According to the plan, the revision of the securities law has become the key legislative task of the National People’s Congress in 2019, which also means that the five-year amendment work is expected to welcome the “third reading” this year.
The 2 trillion annuity market is taking shape day by day. Some institutions have repeatedly failed and vowed to take a share
As a new force in the second pillar of the old-age security system, the entrusted bidding and investment operation of occupational pension funds are advancing rapidly. Up to now, the central state organs and institutions and nine provinces, cities and autonomous regions have completed the bidding of occupational pension trustees. It is expected that most provinces, cities and autonomous regions will complete the selection of occupational pension trustees by the end of the second quarter of this year and complete the preparation of occupational pension operation system by the end of this year.
Securities Daily (special area)
comment on the front page of Securities Daily: implement tax cuts and fee reductions in a down-to-earth manner
The front page of Securities Daily commented that under the background of great downward pressure on the economy, reducing taxes and fees can have an immediate effect. It is a major measure to stabilize market expectations and implement the “stimulating the vitality of various market subjects” proposed by the central economic work conference. The “reduction” of government revenue will be exchanged for the “increase” of enterprise efficiency and market vitality. The recent rise of the stock market, especially the rise of the gem, has many factors, but the improvement of performance expectations after tax cuts is undoubtedly a very important aspect. Recently, some companies said that they had begun to calculate the impact of tax cuts on performance. It is believed that by the time this year’s financial statements are released, “releasing water to raise fish” will achieve obvious results, and investors will see the embodiment of tax reduction and fee reduction in the performance of listed companies.
Shanghai Stock Exchange “multi line parallel” to promote various preparations for the science and innovation board
The “welcome” of science and innovation board is approaching, and a series of preparations are advancing rapidly. On March 13, the Shanghai Stock Exchange issued the notice on publishing the technical development draft of the interface specification for market participants of the science and innovation board. The notice said that with the formal release of relevant rules and guidelines of the science and innovation board, the Shanghai Stock Exchange revised and issued six technical documents for market participants to make technical preparations for the launch of the science and innovation board in advance.
Liu Xinhua, deputy to the National People’s Congress and vice chairman of the financial and Economic Commission of the National People’s Congress: China’s capital market has a good institutional foundation
On March 13, with regard to the opening of China’s capital market to the outside world, Liu Xinhua, deputy to the National People’s Congress and vice chairman of the financial and Economic Commission of the National People’s Congress, said that the development of China’s capital market has always attracted the attention of countries and mature markets all over the world. Today, the development of China’s capital market is also the internal driving force formed by opening to the outside world. “At present, China’s capital market has a good institutional foundation and has developed into a relatively good platform. In the future, domestic and foreign investors will get legal returns on the market platform, which has shown a good prospect.”
more than 70% of the initial fund-raising “lie” in the bank to eat interest Jiangsu Seagull Cooling Tower Co.Ltd(603269) it is proposed to raise another 240 million yuan, which is questioned
When the construction of the previous raised investment project was not completed, the financing application was filed again. The Jiangsu Seagull Cooling Tower Co.Ltd(603269) proposed to issue convertible corporate bonds to raise more than 200 million yuan has successively aroused doubts in the market. After the CSRC issued a feedback notice on the review of administrative licensing projects issued by the CSRC in December last year, requiring the company to explain the necessity and rationality of issuing convertible bond financing, a recent news that ” Jiangsu Seagull Cooling Tower Co.Ltd(603269) net profit has not increased in 7 years, 90% of IPO fund-raising has not moved, and another 240 million yuan has been raised” once again pushed the company to the forefront of the wind and waves.
economic reference daily
economic reference front page: adhere to innovation driven and promote the transformation of old and new kinetic energy
The government work report puts forward that we should adhere to innovation to lead development and cultivate new driving forces for growth. Give full play to China’s comprehensive advantages such as rich human resources and huge Chinese market, reform and innovate the mechanism of scientific and technological R & D and industrial application, vigorously cultivate professionalism, and promote the continuous transformation of old and new kinetic energy.
many ministries and commissions have released favorable policies, and a package of policies will be promoted this year to promote the development of private enterprises
“Promoting the high-quality development of private economy” has become a hot topic of this year’s two sessions. From the press conference to the “Ministerial channel”, many ministries and commissions have released favorable signals to promote the development of private enterprises, including the development and Reform Commission, the Ministry of Finance and the people’s Bank of China, which will launch a package of policies to help the high-quality development of private enterprises.
21st Century Business Herald
different feedback from the audit system test, and many securities companies strive to apply for
On the afternoon of March 13, the Audit Center for listing on the science and Innovation Board of Shanghai Stock Exchange organized a drill to carry out the centralized test of the audit system. The reporter learned that on the day of the audit system test, the test conditions of various securities companies are very different. Some brokers said that the reporting system was very smooth, but others said that there were some bugs in the testing process. Securities companies will focus on feedback to the Shanghai Stock Exchange. The reporter learned that securities companies are also striving to report on the first declaration acceptance day. “We strive to submit the application documents for a project on March 18, and are also actively preparing. There are about 20 or 30 science and Innovation Board reserve projects, which are expected to be applied this year and next year.” Sinolink Securities Co.Ltd(600109) relevant investment bankers said.
is there a precursor to the sharp decline of the gem? The two leading ETFs on the gem were redeemed at the level of 10 billion
On March 13, the gem plummeted 4.49% and lost 1700 points again. Behind this, Wens Foodstuff Group Co.Ltd(300498) (300498. SZ) and the sharp decline in technology stocks are the reasons for the drastic adjustment of the gem index. Prior to this, the two leading ETFs on the gem have been frequently redeemed, and the total net redemption volume has reached 10 billion during the year. The action of capital leaving seems to send a signal.
