On Friday, February 15th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal central office and State Council Office: focus on improving the pertinence and effectiveness of private enterprise financial services
Shanghai Securities News financial support for private enterprises to make a strong combination of boxing
The policy of securities times to strengthen financial services for private enterprises has been implemented one after another, and the effect is beginning to show
Securities Daily increased direct financing support and accelerated the review progress of private enterprise IPO
People’s daily in January, the import and export of private enterprises increased by double digits and the proportion increased. The import and export was stable and the quality was improved
Economic information daily promotes the comprehensive reform of China’s securities market with the science and Innovation Board
21st Century Business Herald flexible screen short-term hot panel industry is still facing challenges
China Securities Journal ( zone )
China State Council Office: focus on improving the pertinence and effectiveness of private enterprise financial services
According to Xinhua news agency, recently, the general office of the CPC Central Committee and the general office of the State Council issued several opinions on strengthening financial services for private enterprises. In terms of increasing financial policy support and focusing on improving the pertinence and effectiveness of financial services for private enterprises, the opinions proposed to implement differentiated monetary and credit support policies, increase direct financing support, and improve the ability of financial institutions to serve the real economy.
Shenzhen Stock Exchange: annual report information disclosure should be targeted
From the 718 2017 annual reports disclosed by GEM listed companies, the stock exchange selected 25 excellent cases and distributed comments to guide listed companies to provide targeted discussion and Analysis on the company’s business model, profit model, value realization process, operation, risk and other non-financial information in addition to disclosing important annual financial information when preparing the annual report, Strive to “give investors a real listed company”.
the central bank recovered nearly trillion funds, and the capital interest rate continued to decline
On Thursday (February 14), the central bank continued to suspend the reverse repo operation, and the RMB 200 billion reverse repo was returned naturally when it expired. So far, the central bank has returned nearly trillion yuan of net funds through reverse repo and MLF maturity this week. Market participants pointed out that under the background of the current high total liquidity level of the banking system, the open market operation is likely to continue to be suspended. Even so, thanks to the support of post holiday cash return, it is expected that the market capital will continue to be loose, but the capital interest rate Center will stabilize, and the downward driving force of the corresponding bond market interest rate will weaken.
“17 kangdexin mtn001” due interest payment and deposit uncertainty
St kangdexin has the uncertainty of bond interest payment again. The company announced on the evening of February 14 that due to the shortage of working capital of the company due to the freezing or sealing up of bank accounts, there is uncertainty in the due interest payment of “17 kangdexin mtn001” medium-term notes that should pay interest on February 15. In response to the resolution of the bondholders’ meeting, St kangdexin also said that it would pay interest on schedule.
Shanghai Securities News (special area) financial support for private enterprises to make a strong combination
Recently, the general office of the CPC Central Committee and the general office of the State Council issued several opinions on strengthening financial services for private enterprises, which put forward 15 specific measures from the aspects of increasing financial policy support, strengthening the construction of financing service infrastructure, improving performance appraisal and incentive mechanism and actively supporting the financing relief of private enterprises, directly pointing to the financing difficulties of private enterprises Financing is expensive.
foreign trade “made a good start” and high-quality development has more confidence
According to data released by the General Administration of Customs on the 14th, in January this year, the total import and export value of China’s goods trade was 2.73 trillion yuan, a year-on-year increase of 8.7%. Experts believe that China’s export growth in January exceeded expectations, and foreign trade ushered in a “good start”. At the same time, the changes of trade mode and commodity structure also show the trend of optimizing the structure and high-quality development of China’s foreign trade.
Shenzhen Stock Exchange: the annual report should strive to restore the real listed company
The curtain of 2018 annual report disclosure opened recently. How to improve the quality of annual report disclosure and improve the readability and practicability of annual report information? Recently, the Shenzhen Stock Exchange compiled and released the compilation of excellent cases of 2017 annual reports of GEM listed companies, selected 25 excellent cases from 718 annual reports of GEM listed companies, interpreted and commented on them one by one, and intended to guide the annual reports of listed companies to provide targeted discussion and analysis of non-financial information such as the company’s business model in addition to disclosing important financial information of the year.
the “king of suspension” of A-Shares applies for resumption of trading with illness, and the Shanghai stock exchange sends a letter to mention five preconditions
Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) which has been suspended for more than three years wants to resume trading recently. On February 14, the Shanghai Stock Exchange issued the regulatory inquiry letter to the company, pointing out that the company has a number of “old accounts” that have not been cleared up, including major uncertain matters such as the filing and investigation of major violations, the retrial review of bankruptcy reorganization, the company’s weak ability of sustainable operation, poor corporate governance and unclear capital exchanges. The Shanghai Stock Exchange said frankly that the company should earnestly implement the regulatory requirements put forward in the preliminary regulatory work letter and this inquiry letter, eliminate major uncertainties in relevant matters, and apply for resumption of trading after clarifying the expectations of investors.
Securities Times (special area)
the implementation of policies to strengthen financial services for private enterprises has achieved initial results
The opinions on strengthening financial services for private enterprises issued by the general office of the CPC Central Committee and the general office of the State Council yesterday gave private enterprises “reassurance”. The whole content is in line with the contents of the Symposium on private enterprises and the executive meeting of the State Council held in early November last year. It once again emphasizes that all kinds of ownership economies should be treated equally, Eliminate all kinds of hidden barriers to the private economy, constantly deepen financial reform, improve the financial service system, and promote a better match between the allocation of financial resources and the role of the private economy in the national economy in accordance with the principles of marketization and rule of law, so as to ensure that all kinds of ownership economies participate in market competition fairly according to law.
there are three challenges for investment bank profits of “Beauty Pageant” on the science and innovation board by market value
Recently, the CSRC held a symposium on the science and innovation board. The feedback of a number of participating investment banks and venture capital focused on the practical implementation level, including the valuation system, inquiry and issuance, online and offline placement proportion, etc. Some analysts said, “the registration system is more for the market to price and choose, rather than the choice of exchanges and investment banks, so it is the listing conditions rather than the issuance conditions. The market value index is the core index, and the financial index is of little significance.”
35 listed securities companies earned a total of 6.1 billion Citic Securities Company Limited(600030) in January
As of last night, the performance data of 35 A-share listed securities companies in January had been disclosed, with a total revenue of 17.107 billion yuan and a net profit of 6.123 billion yuan, of which 15 securities companies’ monthly net profit fell month on month and year on year. Industry insiders believe that the difference in monthly performance data is mainly related to the trading volume. At the same time, the performance data is usually better at the end of each quarter and year-end. Therefore, the performance data in January is generally poor month on month.
the most stringent new regulations on ETF cash out by major shareholders give birth to a new path of reduction
How to control the impact on the stock price of the secondary market as much as possible during the large-scale reduction? The actual controller of the game leader Wuhu 37 Interactive Entertainment Network Technology Group Co.Ltd(002555) made a demonstration. Many industry insiders said that with the implementation of the most stringent “new regulations on reduction of holdings” and market changes in the past two years, there may be a gradual increase in shareholding to ETF in the follow-up. In addition, there have been some transformation “new ways” in the recent reduction paths such as traditional block trading.
Securities Daily (special area)
strengthen direct financing support and speed up the IPO review progress of private enterprises
Recently, the general office of the CPC Central Committee and the general office of the State Council issued several opinions on strengthening financial services for private enterprises, and issued a notice requiring all regions and departments to earnestly implement them in combination with reality. In terms of increasing direct financing support, actively support qualified private enterprises to expand direct financing. We will improve the stock issuance and refinancing system and speed up the review of initial public offerings and refinancing of private enterprises.
the issuance pricing of science and Innovation Board breaks the P / E ratio constraint, and the green shoe mechanism will benefit both enterprises and underwriters
As the relevant supporting business rules for the establishment of the science and innovation board and the pilot registration system, the implementation measures for stock issuance and underwriting of the science and Innovation Board of Shanghai Stock Exchange (Draft for comments) will be completed for public comments on February 20. The issuance pricing of Kechuang board will completely eliminate direct pricing and fully implement inquiry pricing, which further strengthens the role of market mechanism in the pricing process and no longer limits the issuance price.
high score red and blue chips are forming, and the “red envelope rain” of listed companies is increasing year by year
According to the research of China Securities Investor Protection Fund Company, from 2013 to 2017, the cash dividend situation of A-share listed companies was significantly improved, effectively enhancing the attractiveness of the capital market. Over the past five years, the total cash dividends of A-share listed companies have increased rapidly. In 2017, the total dividends of all A-share listed companies exceeded the 1 trillion yuan mark, an increase of 49.41% over the 751.502 billion yuan in 2013
China Fangda Group Co.Ltd(000055) suspected that playing the “word game” caused stock price changes, which attracted regulatory attention. The company promised to strengthen the letter phi, but denied raising the stock price
Since the non recurring earnings were not described in detail in the 2018 performance pre increase announcement, China Fangda Group Co.Ltd(000055) was deeply questioned about playing a “word game”, and therefore received a letter of concern from Shenzhen Stock Exchange. On February 14, China Fangda Group Co.Ltd(000055) also officially replied to the questions of the Shenzhen Stock Exchange. China Fangda Group Co.Ltd(000055) denied the question of using information disclosure to manipulate stock prices. At the same time, Fangda also made it clear that the company’s information disclosure is not incomplete or inaccurate.
people’s daily
in January, the import and export of private enterprises increased by double digits and the proportion increased. The import and export was stable and the quality was improved
In January, the total import and export value of China’s goods trade was 2.73 trillion yuan, a year-on-year increase of 8.7%. The optimization of foreign trade structure and the improvement of quality reflect the good trend of steady improvement of import and export quality. Analysts believe that “with China’s further opening up, continuous optimization of foreign trade structure and orderly transformation of foreign trade growth momentum, foreign trade development is expected to continue to maintain stability, improve quality and further improve quality and efficiency.”
economic reference daily
promote the comprehensive reform of China’s securities market with the science and innovation board
The review article on the front page of the economic reference newspaper believes that the establishment of the science and innovation board and the pilot registration system is the most important reform of China’s capital market in 2019. As a test field for the reform of the whole capital market, the science and Innovation Board will provide important experience for the market-oriented reform of China’s capital market. At present, we should further improve the relevant systems to ensure the smooth implementation, so as to promote the comprehensive reform of China’s securities market.
China Railway Corporation plans to promote the mixed transformation of high-speed rail + shared vehicles and other fields to intelligent transportation 2019 windward entrance phase
Both the central and local governments have made clear the development goals and actions of intelligent transportation in 2019. This field has ushered in a tuyere period, and many capital are fiercely competing in the over trillion market. Among them, China Railway Corporation plans to work with private enterprises to layout high-speed rail + shared cars and other fields. The Ministry of transport issued the “smart transport for easier travel action plan (2017 to 2020)”, which aims to promote the intelligent level of inter city traffic trips and speed up the intelligent development of urban transportation and other aspects, so as to promote the construction of intelligent transportation information service system for enterprises and facilitate the development of “Internet plus” convenient transportation.
21st Century Business Herald
the short-term large thermal panel industry of flexible screen is still facing challenges
Overnight, flexible screens and folding screens became an upsurge. Screen is one of the core devices of mobile phone and TV. What is the charm of the flexible screen on the air outlet? The core material of flexible screen is OLED. Because OLED has the characteristics of self illumination, high display performance and flexibility, it has been widely used to manufacture high-end mobile phones and TV screens in recent years. In particular, due to the flexible advantages of OLED, the flexible screen has also become the biggest expectation of OLED in the industry.
will the debt repayment of real estate enterprises reach 1.5 trillion in the next three years?
According to the statistics of Zhongyuan Real Estate Research Center, since January, the total amount of financing plans announced by real estate enterprises has been nearly 90, with a total amount of more than 210 billion yuan, breaking the monthly high of financing in more than a year. Behind the rising financing demand is the upcoming debt repayment peak. According to China Securities Co.Ltd(601066) statistics, the scale of bonds due by real estate enterprises in 2019 will exceed 370 billion yuan, and the debt repayment will peak in the next three years. It will reach the peak in 2021, approaching 750 billion yuan, and the accumulated debt due in three years will exceed 1.5 trillion yuan.
