On Friday, February 22nd, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal China office and state affairs office issued a document to improve the support policies for small farmers: stabilize and improve the land policy and improve the level of financial services
Shanghai Securities Journal central bank: “soundness” does not mean that monetary conditions remain unchanged and should be dynamically optimized
Securities times central bank: there is more room for monetary policy
Securities Daily the central bank’s net withdrawal of more than trillion yuan after the holiday, and there is still room for RRR reduction
The State Office of the central office of the people’s daily printed and distributed the opinions on promoting the organic connection between small farmers and the development of modern agriculture
A number of economic data in the first month of the economic reference daily are now “making a good start”. The opening data show China’s economic toughness and potential
The premise of providing services to the capital market in the 21st century economic report is to protect the interests of investors
China Securities Journal ( zone )
the office of the State Council issued a document to improve the support policies for small farmers: stabilize and improve the land policy and improve the level of financial services
Recently, the general office of the CPC Central Committee and the general office of the State Council issued the opinions on promoting the organic connection between small farmers and the development of modern agriculture (hereinafter referred to as the opinions), and issued a notice requiring all regions and departments to earnestly implement it in combination with reality. The opinions pointed out that at present and for a long time to come, the family operation of small farmers will be the main mode of operation of China’s agriculture. Therefore, we must correctly handle the relationship between developing appropriate scale operation and supporting small farmers.
corporate credit improved and high credit growth is expected to continue in the first quarter
Brokerage analysts said that the credit data at the beginning of 2019 exceeded market expectations, indicating that corporate credit has improved. With the repair of short-term and medium and long-term loan demand of enterprises, it is expected to continue the high growth trend of credit in the first quarter. The effective credit demand of entity enterprises still needs to be “activated” by credit expansion. Looking forward to the whole year, the growth rate of bank credit is expected to remain in the range of 12% – 14%.
dark force of science and technology innovation board fund
The science and technology innovation board is in full swing, and many public funds are actively preparing for war. Insiders said recently that hybrid funds are expected to become the first choice for public funds to issue science and Innovation Board funds. Some fund companies have also started to study non standardized special account products for science and Innovation Board enterprises. In terms of the formation of investment research team, head public funds may absorb internal and external TMT industry and small and medium-sized investment research talents, and small and medium-sized public funds may turn to securities companies to seek investment research support.
the financing balance after the festival has increased by more than 37 billion yuan in eight consecutive days
After the Spring Festival, the overall rise of A-Shares was gratifying. In this context, the financing balance of the two cities continued to grow. The analysis points out that the financing balance of the two cities has declined significantly since October last year, and then after continuously tamping the bottom, with the improvement of the market after the Spring Festival, the risk preference of financing customers also began to pick up.
Shanghai Securities News (special area)
central bank: “robust” does not mean that monetary conditions remain unchanged and should be dynamically optimized
The people’s Bank of China issued the report on the implementation of China’s monetary policy for the fourth quarter of 2018 on the 21st. It pointed out that the continued implementation of a prudent monetary policy does not mean that the monetary conditions remain unchanged, but should be dynamically optimized and countercyclically adjusted according to the development and changes of the situation, moderately smooth the cyclical fluctuations of the economy, and prevent economic overheating and inflation in the upward period, Fight recession and deflation in the downward period.
auto consumption still has the potential to destock and scrap cars, which will stimulate the industry to reach the inflection point ahead of time
Since last year’s negative growth in auto sales for the first time in 28 years, auto consumption has become a hot spot in the market. The recently released auto production and sales data in January is not optimistic. According to the automobile production and sales data released by China Automobile Industry Association, China’s automobile sales in January was 2.3673 million, a year-on-year decrease of 15.76%. Among them, passenger cars decreased by 17.7% year-on-year, especially.
the share of multiple ETFs entering the market through bottom reading funds soared
At the beginning of the new year, with the continuous rebound of the A-share market, stock ETFs were once again favored by all kinds of bottom reading funds. Among them, the daily turnover of many products such as Cathay Pacific Securities ETF, e fund Shenzhen 100ETF and Huaxia China Securities 500etf has repeatedly set a new historical high or periodic high. Many industry insiders believe that ETF has a stable style and transparent positions, which can not only effectively avoid the “explosion” of individual stocks, but also share income when the market rises. It is often favored by all kinds of investors when the market rebounds.
Zhejiang Century Huatong Group Co.Ltd(002602) M & A Shanda game fair game asset reorganization “Chunjiang plumbing”?
According to the restructuring plan, Zhejiang Century Huatong Group Co.Ltd(002602) plans to purchase 100% equity of Shengyue network from 29 counterparties by issuing shares and paying cash, and the price of the underlying assets is 29.8 billion yuan. The scheme is divided into two parts: one is to issue shares and pay cash to buy assets; The second is to raise supporting funds. The company has adjusted the amount and purpose of raising supporting funds in the latest version of the restructuring plan.
Securities Times (special area)
central bank: there is more room for monetary policy
On February 21, the implementation report of China’s monetary policy in the fourth quarter of 2018 issued by the central bank pointed out that there are many favorable conditions for China’s economy to maintain stable development in the coming period. The global economy as a whole continues to recover, China’s supply side structural reform continues to advance, economic development has great potential and strong toughness, and the macro policy effect is gradually emerging. At the same time, the smooth operation of China’s economy also faces some challenges.
after the festival, there is limited room for the growth of structured deposits with “rising volume and falling price” of bank financial management issuance
The reporter of the Securities Times recently investigated and visited a number of large state-owned banks and joint-stock banks in Shanghai and found that the bank financial management with a sharp decline in circulation during the Spring Festival holiday returned to the normal level after the festival, and the average rate of return of some short-term financial products decreased for several consecutive weeks after the festival. At the same time, some banks have also improved the liquidity of deposit products by innovating product design and promoting financial transfer, so as to actively attract deposits from customers.
after the festival, the market value of A-Shares increased by 2.6 trillion, and the crisis of equity pledge was significantly alleviated
Since the beginning of the year of the pig, A-Shares have launched a spring offensive. From February 11 to 20, the total market value of A-Shares soared by 2.65 trillion yuan in eight trading days. The risk of equity pledge, which has attracted much attention since last year, has gradually eased with the sharp rise of share price. The data show that the market value of A-share equity pledge in the whole market has gradually decreased from 6 trillion yuan in 2018 to 4.53 trillion yuan (February 20 this year), and the number of pledged shares has decreased from 632.9 billion shares in early January this year to 630.2 billion shares, a decrease of 2.7 billion shares.
Wanjiale is deeply in the P2P quagmire, and trouble comes one after another
According to the query results of the national enterprise credit information system (Shunde) website, the equity of Shunte Electric Co., Ltd., a wholly-owned subsidiary of Wanjiale, has been frozen three times. The freezing dates are December 10, 2018, January 9, 2019 and January 22, 2019 respectively. The freezing value is limited to RMB 22.11 million, RMB 20.9 million and RMB 400000 respectively. The enforcement courts are Beijing Xicheng District Court, Hangzhou Jianggan District Court and Hangzhou Jianggan District Court respectively.
Securities Daily (special area)
the central bank has recovered more than trillion yuan after the holiday, and there is still room for RRR reduction
On February 21, the people’s Bank of China announced that on that day, the people’s Bank of China issued a mortgage supplementary loan (PSL) of 71.9 billion yuan. After hedging against factors such as the peak of tax period and the maturity of cash management of the central treasury, the liquidity of the banking system was at a reasonable and sufficient level and there was no reverse repurchase operation. Meanwhile, the data show that the net withdrawal scale after the festival reached 1071.6 billion yuan.
31 the scale of reducing the burden of “six taxes and two fees” in Diding grid exceeds 100 billion yuan
At present, 31 provinces (autonomous regions and cities) including Shanghai and Beijing have successively issued new policies for tax reduction and fee reduction, making it clear that the “six taxes and two fees” of small and micro enterprises will be reduced by 50%, and the scale of burden reduction will exceed 100 billion yuan.
in January, the loan interest rate of the first second house in China fell, and it is expected to continue to decline
Mortgage interest rates continue to fall! According to the monitoring data of rong360 big data research institute, among the 35 cities monitored, in January 2019, the average interest rate of the first house loan was 5.66%, equivalent to 1.155 times the benchmark interest rate, a decrease of 2bp compared with December last year; The average interest rate of second home loans was 6.02%, down 2bp from December last year, and the interest rate of second home loans has fallen for three consecutive months.
The performance of subsidiaries immediately changed after the gambling period Guang Dong Fenghua Advanced Technology (Holding) Co.Ltd(000636) swallowed the “bitter fruit” of goodwill impairment
After three years of gambling, the performance of Guang Dong Fenghua Advanced Technology (Holding) Co.Ltd(000636) subsidiary naidian soft technology electronics Zhuhai Co., Ltd. (hereinafter referred to as “naidian technology”) plummeted by 80% in 2018, which attracted an inquiry letter from the exchange. At the same time, Guang Dong Fenghua Advanced Technology (Holding) Co.Ltd(000636) not only faced being filed for investigation by the CSRC, but also issued a warning letter by Guangdong regulatory bureau due to accounting errors. All kinds of negative news worried investors.
people’s daily
the State Council Office of the Central People’s office printed and distributed the opinions on promoting the organic connection between small farmers and the development of modern agriculture
The 19th CPC National Congress proposed to realize the organic connection between small farmers and the development of modern agriculture. In order to support small farmers, improve their ability to develop modern agriculture, accelerate the modernization of agriculture and rural areas, and consolidate the foundation for the implementation of the Rural Revitalization Strategy, the following opinions are put forward on promoting the organic connection between small farmers and the development of modern agriculture.
economic reference daily
a number of economic data in the first month are now “making a good start”. The opening data show China’s economic toughness and potential
From the report card of consumption breaking trillion for the first time in the golden week of the Spring Festival, to the equally bright A-share market, foreign trade import and export, financial data that comprehensively exceeded market expectations, and then to FDI, CPI and PMI, a series of economic data showed a “good start”. It is noteworthy that the structural changes of consumption, foreign trade and other data also reflect the strengthening of new momentum, the emergence of new business forms and other highlights, highlighting the resilience and potential of China’s economy.
there is still room for monetary policy. The central bank said it is not necessary to implement QE
On the 21st, the central bank issued the fourth quarter of 2018 China’s monetary policy implementation report (hereinafter referred to as the report). According to the report, China’s financial system is dominated by banks, and the transmission center of monetary policy is banks. The people’s Bank of China is effective in encouraging and regulating bank loans to create deposit currency through the market-oriented way of monetary policy operation. There is still much room for monetary policy, and the central bank’s large-scale purchase of treasury bonds and other assets from the financial market is of little significance, There is no need to implement the so-called quantitative easing (QE) policy.
21st Century Business Herald
the premise of providing services in the capital market is to protect the interests of investors
As of February 21, the A-share Shanghai Composite Index rose 6.47% in the eight trading days after the festival. After the long-term depression last year, the market sentiment began to get excited, and the atmosphere of speculation became strong. It should be said that the overall valuation of China’s stock market is not high, and a considerable number of listed companies have investment value.
the construction of Dawan District enriches the practice of “one country, two systems”
On February 21, a publicity meeting on the outline of the development plan of Guangdong, Hong Kong and Macao Great Bay Area (hereinafter referred to as the “planning outline”) jointly organized by the people’s Government of Guangdong Province, the government of the Hong Kong Special Administrative Region and the government of the Macao Special Administrative Region was held in Hong Kong. Officials from the governments of the three places, the construction leading group office of Guangdong, Hong Kong and Macao Dawan district and the national development and Reform Commission interpreted and explained the planning outline respectively.
