On Tuesday, February 12th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal made a good start, announcing that “spring is strong” institutions are optimistic about the value of A-share allocation
Shanghai Securities News and CSRC strengthen the prevention and control of insider trading in mergers and acquisitions
Securities Times strengthens the prevention and control of insider trading in mergers and acquisitions of listed companies
Securities Daily China Securities Regulatory Commission: listed companies shall submit the list of insiders of insider information when disclosing restructuring matters for the first time
During the Spring Festival of the people’s daily, UnionPay online transactions exceeded trillion, and the consumption upgrading characteristics were significant
The new tax reduction policy of the local edition of the economic information daily coincides with the top grid to reduce taxes by more than 90%, and small and micro enterprises can benefit
China business daily A-share market is stable and Zhiyuan needs to speed up reform in an all-round way
China Securities Journal ( zone )
a good start shows that “spring is strong” institutions are optimistic about the allocation value of A-Shares
On the first trading day after the Spring Festival, the Shanghai and Shenzhen stock markets “made a good start”. Many investment institutions believe that the steady growth policy, the improvement of the external financial environment, the deepening of reform, the accelerated release of institutional dividends and other factors will promote the stabilization and recovery of the A-share market. At present, A-shares have good allocation value. Analysts believe that in 2019, the monetary policy will continue to maintain a reasonable and abundant liquidity, and the reserve requirement may be reduced for many times. It does not rule out the reduction of the benchmark interest rate, which will help to reduce the risk-free interest rate and improve the overall market valuation.
cash back after the Spring Festival to welcome the “good time”
In the first week after the Spring Festival, trillion yuan of funds will expire in the open market, adding a trace of hidden worries to short-term liquidity. However, from the perspective of a number of institutions, the cash return after the festival is a supplement to liquidity, the large investment effect of the central bank before the festival is also expected to be more fully displayed, and the market capital is expected to usher in a “good time”.
issuance of guidance on Rural Revitalization of financial services
The people’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the Ministry of Finance and the Ministry of agriculture and rural areas jointly issued the guiding opinions on financial services for rural revitalization, the central bank’s website reported on the 11th. The guiding opinions emphasize that we should adhere to market-oriented operation, institutional reform as the driving force, policy support as the guidance and risk prevention and control as the bottom line, focus on key areas, deepen reform and innovation, establish and improve the market system, organization system and product system for Rural Revitalization of financial services, and promote the return of rural financial resources.
Beijing Tongrentang Co.Ltd(600085) the food business license of bee industry was revoked
Beijing Tongrentang Co.Ltd(600085) on the evening of February 11, it was announced that affected by the “Honey incident” and taking full account of future business adjustment and related asset disposal, the company’s operating revenue in 2018 is expected to decrease by about 14.5629 million yuan and its net profit is expected to decrease by about 57.7865 million yuan. Beijing Beijing Tongrentang Co.Ltd(600085) Bee Industry Co., Ltd. (hereinafter referred to as ” Beijing Tongrentang Co.Ltd(600085) bee industry”) was fined and its food business license was revoked, and several executives of the company and Beijing Tongrentang Co.Ltd(600085) bee industry were dismissed.
Shanghai Securities News (special area)
CSRC strengthens the prevention and control of insider trading in M & a
On February 11, the supervision department of listed companies of the CSRC issued a regulatory Q & A on strengthening the prevention and control of insider trading in mergers and acquisitions of listed companies. The CSRC said that if the stock trading of a listed company fluctuates abnormally after the first disclosure of the reorganization, the stock exchange may require the listed company to update the list of insiders according to the situation.
multiple departments jointly issued a document to promote rural revitalization of financial services
The reporter learned from the people’s Bank of China yesterday that in order to thoroughly implement the relevant requirements of the central rural work conference, the opinions of the CPC Central Committee and the State Council on implementing the Rural Revitalization Strategy and the strategic plan for Rural Revitalization (2018-2022), and effectively improve the efficiency and level of rural revitalization of financial services, the people’s Bank of China, the China Banking and Insurance Regulatory Commission, the CSRC, the Ministry of finance The Ministry of agriculture and rural areas recently jointly issued the guidance on financial services for Rural Revitalization.
the economic spring at the beginning of the year is strong: the orders of listed companies are full, the production and sales are booming, and the potential is sufficient
The reporter of Shanghai Securities News recently learned that quite a number of industry companies are ushering in a “good start” – driven by 5g, the off-season of communication, Internet of things and other industries is not light; Benefiting from the upgrading of consumption, the machinery industry continues to improve; The turning point of the pig cycle is accelerating, and the production expansion of breeding companies is imminent. Various signs show that China’s economy is “warm in spring”.
The Tahoe Group Co.Ltd(000732) 3.8 billion M & A case is now in dispute. Both parties to the transaction sue each other for breach of contract
On the evening of Tahoe Group Co.Ltd(000732) 11, the legal dispute with the acquisition target ward Baohua was disclosed. The current progress of this transaction with a total price of 3.8 billion yuan is that both sides of the transaction took the other party to court at the same time. It is reported that the event originated from the litigation involving equity transfer and project development between Jincheng Real Estate and the original shareholders of ward Baohua, which affected the follow-up progress of the transaction and the development and operation of the project.
Securities Times (special area)
strengthen the prevention and control of insider trading in mergers and acquisitions of listed companies
The CSRC issued regulatory Q & A requirements yesterday. Listed companies and their shareholders, actual controllers, directors, supervisors, senior managers and other trading parties, as well as relevant subjects such as securities companies and securities service institutions providing services, should earnestly fulfill their confidentiality obligations and do a good job in restructuring information management and insider registration. Insiders believe that the establishment of the insider registration system by the CSRC can curb illegal profits and maintain market order.
five ministries and commissions issued civilized financial services and Rural Revitalization measures
In order to thoroughly implement the relevant requirements of the central rural work conference, the opinions of the CPC Central Committee and the State Council on the implementation of the Rural Revitalization Strategy and the strategic plan for Rural Revitalization (2018-2022), and effectively improve the efficiency and level of Rural Revitalization of financial services, the people’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the Ministry of finance The Ministry of agriculture and rural areas jointly issued the guidance on financial services for Rural Revitalization yesterday. The guiding opinions targeted the three phased objectives of implementing the Rural Revitalization Strategy, defined the objectives of Rural Revitalization of financial services in the corresponding stages and the basic principles of Rural Revitalization of financial services, and refined the specific measures of Rural Revitalization of various financial sub industries, including banking, securities, insurance, futures and so on.
Spring Festival consumption broke one trillion yuan for the first time, which is a “good lottery”
According to the statistics of the Ministry of Commerce, during the golden week of the Spring Festival in 2019, the national commodity market maintained steady and rapid growth. According to the monitoring of the Ministry of Commerce, from New Year’s Eve to the sixth day of the first month (February 4 to 10), retail and catering enterprises across the country achieved sales of about 1005 billion yuan, an increase of 8.5% over last year’s Spring Festival Golden Week. According to the analysis, during the Spring Festival this year, the consumption exceeded one trillion yuan for the first time, which not only made a good start for the consumption of the Spring Festival in the future – that is, it brought more enlightenment to consumers and businesses, but also made a good start for the consumption to stimulate economic growth this year, laying a good foundation for consumption to make greater contributions to economic growth.
the controlling shareholder fell into the capital chain crisis Sichuan Shengda Forestry Industry Co.Ltd(002259) 150 million fund-raising was transferred to
After several months, the haze caused by the occupation of funds by controlling shareholders and illegal guarantee has not dissipated, and Sichuan Shengda Forestry Industry Co.Ltd(002259) (002259) has fallen into new trouble. On the evening of February 11, Sichuan Shengda Forestry Industry Co.Ltd(002259) announced that recently, the company learned through bank telephone notification and query of bank account information that the funds in the raised funds account of the listed company were transferred by Chengdu Intermediate People’s court and Hangzhou intermediate people’s Court of 26.56 million yuan and 120 million yuan respectively.
Securities Daily (special area)
CSRC: listed companies shall submit the list of insiders of insider information for the first disclosure of restructuring matters
On February 11, the supervision department of listed companies of the CSRC issued the questions and answers on strengthening the prevention and control of insider trading in mergers and acquisitions of listed companies, which strengthened the prevention and control of insider trading in mergers and acquisitions, requiring listed companies to submit the list of insider information to the stock exchange when disclosing the restructuring matters for the first time, and supplement the list of insider information in the future, The exchange may, as the case may be, require the listed company to update the list of insiders of inside information.
the science and innovation board has set up a “sponsor + follow-up investment” system. Securities companies balance internal and external interests to be tested
The opinions on the implementation of establishing a science and innovation board and pilot registration system in Shanghai Stock Exchange recently issued by the CSRC proposes to build a market-oriented issuance and underwriting mechanism for the shares of the science and innovation board, including the trial implementation of the “follow-up investment” system of the relevant subsidiaries of the sponsor. Insiders said, “the follow-up investment mechanism of relevant subsidiaries of sponsors helps to reshape and bind their interest demands, and promote them to dialectically understand from the perspective of investors from both sides of incentives and constraints.”
second and third tier city banks focus on the year-end bonus for returnees: the fixed deposit interest rate is the highest, 153% higher than the benchmark
Before and after the Spring Festival, the huge returning crowd brought huge capital flow, and the deposit soliciting activities of major banks started again. At present, the bank deposit interest rate in the first tier cities represented by Beijing has not been significantly adjusted, while the interest rate of small and medium-sized banks in the second and third tier cities has risen significantly, up 153% from the benchmark interest rate. In addition, the enthusiasm of banks to sell certificates of deposit and raise their interest rates increased, up to 55% above the benchmark interest rate.
the doubts about the guarantee have not dispersed and the performance has changed suddenly. Great wall film and television has an advance loss of more than 270 million yuan
Recently, great wall film and television released a revised announcement on the performance forecast for 2018, which said that the company is expected to realize a net profit attributable to shareholders of listed companies ranging from -356 million yuan to -272 million yuan in 2018. Previously, in the third quarterly report of 2018, the company had expected the net profit attributable to shareholders of listed companies to be positive, and the change range of net profit was RMB 119 million to RMB 187 million, with a year-on-year change range of – 30% to 10%.
people’s daily
during the Spring Festival, UnionPay online transactions exceeded trillion, and the consumption upgrading characteristics were significant
According to the latest Spring Festival consumption data released by China UnionPay, during the Spring Festival holiday in 2019 (February 4 to February 10, new year’s Eve to the sixth day of the Lunar New Year), UnionPay online transactions hit a new record high during the long Spring Festival holiday. The total transaction amount exceeded trillion for the first time, reaching 1.16 trillion yuan, an increase of 71.4% over the same period last year (from the eve of the lunar new year to the sixth day of the Lunar New Year). The data show that entertainment consumption is popular and the consumption upgrading trend is obvious; Tourism consumption continues to rise, and mobile payment has become a new favorite.
economic reference daily
the local version of the new tax reduction policy is the same. More than 90% of small and micro enterprises can benefit
Recently, more than 20 provinces (autonomous regions and cities), including Zhejiang, Shanxi, Beijing, Inner Mongolia, Fujian, Shandong, Sichuan, Yunnan, Jilin and Heilongjiang, have successively issued new policies for tax reduction and fee reduction in combination with local realities. According to the plans announced by the local governments, they are all the highest tax cuts, that is, according to the upper limit of 50% tax reduction stipulated by the state, the “six taxes and two fees” of local small-scale VAT taxpayers will be reduced from 2019 to 2021.
trillion Spring Festival consumption report card highlights new highlights
In the just past golden week of the Spring Festival, China received 415 million tourists, realized tourism revenue of 513.9 billion yuan, the national film box office exceeded 5 billion yuan, and retail catering consumption exceeded trillion yuan for the first time. This report card shows strong domestic demand potential and is also an epitome of China’s consumption upgrading. In this report card, the third and fourth tier cities “counter attack” to catch up, the younger trend of core consumers is obvious, and the consumption of Spring Festival highlights new highlights, providing more possibilities for cultivating new growth points in China’s consumer market.
China business daily
A-Shares are stable and need to be reformed and accelerated in an all-round way
Under the background of the general downturn of overseas markets during the Spring Festival, A-Shares made a “good start”: on the first trading day after the festival, the three major indexes of A-Shares rose one after another, and the Shenzhen Component Index and gem index rose by more than 3%. This also makes investors and even the industry pay more attention to and look forward to the development of the capital market, especially the deeply influential system reform.
foreign exchange reserves increased for three consecutive months and are expected to remain stable in fluctuations in the future
On February 11, the latest data on the scale of foreign exchange reserves released by the State Administration of foreign exchange showed that at the end of January, China’s foreign exchange reserves were US $3087924 billion, an increase of US $15.212 billion or 0.5% over US $3072.712 billion at the end of December last year, an increase of 3 consecutive months. As for the reasons for the changes in the scale of foreign exchange reserves, Wang Chunying, spokesman and chief economist of the State Administration of foreign exchange, said that in January 2019, the supply and demand of China’s foreign exchange market was basically balanced and the cross-border capital flow was generally stable. In the global financial market, the exchange rate of major non US dollar currencies against the US dollar rose, and the price of financial assets rose. Affected by valuation factors such as exchange rate conversion and asset price changes, the scale of foreign exchange reserves increased slightly.
