On Wednesday, February 13th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal diversified services differentiated competitive banks solve the financing problems of private enterprises
Shanghai Securities News warms up the science and innovation board, and the Shanghai G60 science and innovation corridor index will be released
Securities Times Ministry of Commerce: accelerating the implementation of consumption upgrading action plan
Securities Daily red chip enterprises landed on the science and innovation board to broaden the inclusiveness of a shares
People’s daily Shanghai optimizes the business environment and upgrades it again
The financial market opening policy of the economic information daily has been intensively implemented, and a number of higher-level opening measures are brewing
The results of A-share expansion of MSCI index in 21st Century Business Herald were announced at the end of the month, and the inflow of foreign capital increased greatly in 2019
China Securities Journal ( zone )
diversified service differentiated competitive banks solve the financing problems of private enterprises
With the implementation of a series of policies, the financing difficulties of private enterprises are alleviating. Under the guidance of the regulatory authorities, banks explore and solve the problems of lack of collateral and high non-performing rate in the financing of private enterprises through “diversified services + differentiated competition”.
adjustment of development strategy increased the change of fund-raising purposes of listed companies
Statistics show that since 2019, 31 listed companies have issued announcements to change the use of raised funds, involving 71 changes, with a total change amount of nearly 17 billion yuan. Insiders pointed out that the recent superposition of multiple factors in the macroeconomic and market environment has prompted listed companies to adjust their development strategies. Investors should pay attention to the deep-seated reasons and subsequent impact behind the company’s change in the investment direction of raised funds, as well as whether the company has problems such as procedural violations or insufficient information disclosure in the process of changing the investment direction of funds.
private asset allocation managers are expected to trigger catfish effect
On February 12, the China Securities Investment Fund Industry Association (hereinafter referred to as the “association”) announced that the filing types of the three institutions were shown as private asset allocation managers, marking the emergence of the first batch of private asset allocation managers. Insiders pointed out that private asset allocation funds can make “cross category” investment, which is expected to smooth the risk return curve of the product. In addition, while promoting the survival of the fittest in the industry, the new type of private placement is also expected to trigger a catfish effect, which will help the scale growth of the industry and promote the healthy development of the industry in the long run.
the identity of China Lantian and the legality and compliance of the acquisition are in doubt. The transfer of control of Dongfang Jinyu is temporarily terminated
Dongfang Jinyu announced on the evening of February 12 that up to now, China Lantian has not provided explanations and relevant supporting materials on its identity, subject qualification, credit status and the legality and compliance of the acquisition. In view of the relevant matters still to be verified, after careful discussion between the company and the actual controller Zhao Ning, it is decided to temporarily terminate the above equity transfer.
Shanghai Securities News (special area)
to warm up the science and innovation board, the SSE G60 science and innovation corridor index will be released
The nine cities of G60 science and innovation corridor will get together again to do great things. This time it is related to the scientific innovation board. The reporter of Shanghai Securities News learned that on February 15, the nine cities of G60 science and innovation corridor will gather in the trading hall of Shanghai Stock Exchange to witness the signing of strategic cooperation agreement between the nine cities of G60 science and innovation corridor and Shanghai Stock Exchange.
foreign employees can freely participate in A-share incentive
The lack of large funds has always been an obstacle for foreign employees to participate in the equity incentive of A-share listed companies. However, with the people’s Bank of China and the State Administration of foreign exchange recently issued the measures for the management of equity incentive funds for foreign employees of domestic listed companies, this obstacle has been removed. The measures clearly stipulates that domestic listed companies and their foreign employees can directly handle relevant cross-border revenue and expenditure, capital transfer and exchange business in the bank with the business registration certificate without prior approval. The funds required for foreign employees to participate in equity incentive can come from their legal income in China or funds remitted from abroad.
the debut of the first batch of “type IV private placement” helps to attract multiple types of incremental funds
This week, the publicity system of China Securities Investment Fund Industry Association showed that the first batch of private asset allocation managers have officially appeared. Among them, two private placements have changed the type of manager, and the third private placement is a new application manager. Private placement asset allocation managers are called “the fourth type of private placement” in the industry. Their official appearance will bring new growth points to the private placement industry with an asset management scale of 12 trillion yuan.
introducing partners and reducing pledge risk Dian Diagnostics Group Co.Ltd(300244) reducing the holdings of major shareholders
Taking equity trading as a bridge, Dian Diagnostics Group Co.Ltd(300244) controlling shareholders want to introduce strategic partners for listed companies through directional reduction. On the evening of February 12, it was announced that Chen Haibin, the controlling shareholder of the company, reduced 2192300 shares of the company through block trading on Shenzhen Stock Exchange, and the reduction price was the closing price of the company’s shares on the previous trading day (15.35 yuan / share). After the reduction, Chen Haibin’s shareholding ratio decreased to 33.47%, and he is still the controlling shareholder and actual controller of Dian Diagnostics Group Co.Ltd(300244) .
Securities Times (special area)
Ministry of Commerce: accelerating the implementation of the action plan for consumption upgrading
At the beginning of the lunar new year, the Ministry of Commerce held its first press conference on the 12th. The reporter learned from the press conference that in 2018, consumption increased its contribution to the economy, foreign trade reached a record high, the amount of foreign capital utilized was stable and high-quality, the quality and efficiency of foreign investment improved steadily, and multilateral and bilateral economic and trade cooperation continued to advance. Qian Keming, Vice Minister of Commerce, said that in 2019, he would spare no effort to do a good job in the work of “one promotion, two stability and three priorities”, promote the formation of a strong Chinese market, expand all-round opening-up and promote the construction of an economic and trade power.
golden week consumption data reflects retail growth or continues to bottom
With the end of the Spring Festival holiday, Spring Festival consumption data have been released. This year’s data can be described as mixed: the joy is that the scale of consumption continues to grow, breaking the trillion yuan mark for the first time; The worry is that the growth rate of commodity retail and travel passenger flow fell back to single digits for the first time. As the consumption situation of the golden week of the Spring Festival reflects the consumption intention of residents to some extent, and the consumption of residents’ goods and catering accounts for a high proportion of the total retail sales of social consumer goods, the above data reflect that the growth rate of retail sales of consumer goods in China may continue to bottom.
safe: support equity incentive for foreign employees of listed companies
Foreign employees of domestic listed companies have finally had a clear answer to the fund management problems such as the inward and outward remittance of foreign exchange funds encountered in participating in A-share equity incentive. Yesterday, the central bank and the State Administration of Foreign Exchange jointly issued a notice to print and implement the measures for the management of equity incentive funds for foreign employees of domestic listed companies. The notice specifies the management principles of funds involved in equity incentive for foreign employees of domestic listed companies. The first is to implement registration management, and the second is that foreign employees can independently choose the source of funds for participation.
23 new liquidity service providers of ETFs under 10 public offerings
Following the sharp increase in scale last year and the frequent layout of public offering “horse racing enclosure”, ETF products ushered in a new stage of on-site liquidity competition this year. Recently, a number of public offerings intensively released announcements of new liquidity service providers for their ETF products, so as to enhance the on-site liquidity and market competitiveness of products.
Securities Daily (special area)
red chip enterprises landed on the science and innovation board to broaden the inclusiveness of A-Shares
Experts said that the return of red chip enterprises in the form of CDR not only allows A-share investors to buy stocks of high-quality companies, but also widens the inclusiveness of a shares.
speed up the construction of major platforms such as the national technology transfer xiongan center
Recently, the general office of Hebei Provincial People’s government issued the implementation plan for promoting the high-quality development of science and technology service industry in Hebei Province (2019-2022). It is clearly proposed to strengthen interconnection with China technology exchange, China International Technology Transfer Center and Tianjin North technology trading market, accelerate the construction of major platforms such as national technology transfer xiongan center and Hebei scientific and technological achievements exhibition and trading center, build a technology market integrating Beijing, Tianjin and Hebei, and form a new model of “Beijing Tianjin R & D and Hebei transformation”.
the intermediary fee for five departments to support the IPO and listing of agricultural enterprises will be reduced
The people’s Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, the Ministry of Finance and the Ministry of agriculture and rural areas recently jointly issued the guiding opinions on financial services for rural revitalization, which pointed out that it is necessary to strengthen the support of most levels of capital markets. Support qualified agricultural related enterprises to be listed and listed on the main board, small and medium-sized board, gem and the new third board, and standardize the development of regional equity market. Strengthen the supervision of refinancing, standardize the investment direction of raised funds of agriculture related listed companies, and avoid “Disenchantment” of funds. Encourage intermediaries to appropriately reduce the intermediary costs for the listing and refinancing of agricultural related enterprises.
occupational annuity refresh the “progress bar” and enter the market in the first half of the year
Since the beginning of this year, occupational annuities across the country have constantly refreshed the “progress bar”. Analysts believe that occupational pensions in most areas will enter the market in the first half of the year. The volume of the first batch of occupational annuities entering the market will not be very large, but it has strong signal significance for the A-share market.
people’s daily
upgrading the business environment in Shanghai
Shanghai has further optimized its business environment and launched an action plan to further optimize its business environment. It is determined to exchange the hard work index of the government for the development index of enterprises. This is the news from the work conference on further optimizing the business environment in Shanghai held yesterday. The action plan starts with benchmarking reform, system innovation, accurate service and working mechanism, and puts forward 25 work tasks. Thus, enterprises will further obtain more time, energy and cost compression, and work efficiency will be further improved.
economic reference daily
financial market opening policies are intensively implemented, and several higher-level opening measures are brewing
Several higher-level financial market opening initiatives are brewing. Pan Gongsheng, vice president of the central bank and director of the State Administration of foreign exchange, recently wrote that promoting capital account convertibility and promoting the two-way opening of the capital market are integrated with each other. In the next step, we will gradually expand the opening up according to the idea of “mature one and launch one”. In addition, the two sessions in many places have also made relevant arrangements for financial opening. For example, Guangdong has proposed to promote the establishment of an international commercial bank in Guangdong Hong Kong Macao Bay area.
consumption promotion policies have been released one after another, and consumption will still lead China’s economy in 2019
On February 12, at the special press conference held by the Ministry of Commerce, Wang Bin, deputy director of the market operation Department of the Ministry of Commerce, revealed that a national special conference will be held in April this year to promote the implementation of a series of measures to promote consumption, such as the consumption upgrading action plan. In fact, after ten departments issued 24 new policies to promote consumption, Beijing’s subsidy policy for energy-saving household appliances has been first launched, and a new round of consumption promotion policies began to enter the intensive landing period.
21st Century Business Herald
the results of A-share expansion of MSCI index were announced at the end of the month, and the foreign capital inflow accelerated greatly in 2019
MSCI said that for the expansion of the A-share inclusion factor, the market consultation results will be officially announced before March 1. China Securities Co.Ltd(601066) analyst Zhang Yulong said that if the inclusion proportion is successfully expanded, it is planned to be implemented in two steps in May and August. Combined with the fund flow tracking the three indexes released by MSCI, we can calculate the potential fund increment brought by cashier into MSCI. Assuming that MSCI will increase the inclusion factor from 5% to 20% again in the future, the incremental capital will be about US $67.86 billion (about RMB 457.54 billion).
the external access of the brokerage system will be restarted soon. Quantitative private placement is waiting, and a few brokers are shortlisted
The external access of brokerage information system frozen for several years is about to restart, which is attracting great attention from private institutions. According to insiders, the release of external access to the system will stimulate the enrichment of A-share investment strategies, and then stimulate the activity of the market and improve liquidity.
