On Tuesday, January 29th, the main contents of today’s headlines are as follows:
Media name front page headlines
The “Spring Festival effect” of China Securities Journal plays down the capital interest rate and focuses on stability
Shanghai Securities Journal, China Banking and Insurance Regulatory Commission: encourage insurance funds to increase their holdings of shares of listed companies and maintain the stability of the capital market
The changing face of the performance forecast of the securities times is a “hidden thunder” buried in the market, and investors should be highly vigilant
Securities Daily CBRC: encourage insurance capital to increase its holdings of high-quality listed companies
People’s daily 5g connects to a better future
National Key Laboratory of economic information daily or current aircraft carrier level science and technology platform
Three years after the 21st century economic report, the CSRC has changed its head, and A-Shares are ready to intensify the differentiation of individual shares. Performance is the core of attention
China Securities Journal ( zone )
“Spring Festival effect” plays down the capital interest rate and focuses on stability
There is only the last week before the 2019 Spring Festival, and the money market is still calm. On January 28, the representative 7-day pledged repo interest rate dr007 fell back to 2.44%, once again upside down with the 7-day reverse repo operating interest rate of the central bank, indicating that the capital level remained stable and loose before the Spring Festival. Most institutions believe that for the needs of stable growth, the broad currency will continue, and there is still room for RRR or interest rate cuts. The central bank has made it clear that it will maintain a reasonable and sufficient liquidity and a reasonable and stable level of market interest rates, which means that the approximate rate of money market interest rates will remain low and operate smoothly.
central bank: S & P is allowed to enter China’s credit rating market
On the 28th, the business management department of the people’s Bank of China issued an announcement to S & P global Inc S & P credit rating (China) Co., Ltd., a wholly-owned subsidiary established in Beijing, shall be filed. On the same day, Bank Of China Limited(601988) inter market dealers association also announced that it accepted the registration of S & P credit rating (China) Co., Ltd. to enter the inter-bank bond market to carry out bond rating business. This indicates that S & P has been allowed to officially enter China to carry out credit rating business.
suspend overseas listing. Some enterprises want to move to the science and innovation board and pay attention to the “green shoe mechanism”
The overall implementation plan of science and innovation board has been approved recently, and the launch speed may exceed market expectations. The reporter learned that some enterprises have intended to suspend the promotion of overseas listing and move to the science and innovation board. According to industry insiders, if the inquiry mechanism is liberalized, the “green shoe mechanism” may be more widely used in the science and innovation board. In addition, the reduction system needs to match the interval of strategic investors, and may still be compared with A-Shares in the short term.
was accused of assisting in transferring funds to stock dealers to become the “secret door” of Sichuan Shengda Forestry Industry Co.Ltd(002259) actual controller
According to Wei Feng (a pseudonym), an insider close to Sichuan Shengda Forestry Industry Co.Ltd(002259) , Jiang Changzheng, the actual controller of Sichuan Shengda Forestry Industry Co.Ltd(002259) , misappropriated a large amount of funds and speculated in stocks through the “vest” of he Cong. China Securities Journal reporter’s latest investigation found that he Cong is actually a dealer of Shengda series products, and there are many intersections with Sichuan Shengda Forestry Industry Co.Ltd(002259) and Shengda Group, the controlling shareholder. What’s more strange is that he Cong followed Sichuan Shengda Forestry Industry Co.Ltd(002259) to set up a business-related natural gas pipeline company in Guizhou.
Shanghai Securities News (special area)
China Banking and Insurance Regulatory Commission: encourage insurance funds to increase their holdings of shares of listed companies and maintain the stability of the capital market
Xiao Yuanqi, spokesman of the China Banking and Insurance Regulatory Commission, said in an interview with the media yesterday that in order to give better play to the role of institutional investors of insurance companies and maintain the stable and healthy development of listed companies and capital markets, the China Banking and Insurance Regulatory Commission encourages insurance companies to use long-term account funds, increase their holdings of high-quality stocks and bonds of listed companies and broaden the scope of investment in special products, Strengthen the implementation of special products. Insiders said that the measures taken by the cbcirc to encourage insurance capital to increase its holdings of high-quality listed company stocks and bonds are conducive to increasing the long-term capital of the stock market, boosting market confidence, and improving the expected rate of return of insurance capital, which can be described as killing two birds with one stone.
S & P has taken an important step in opening up the credit rating industry
Foreign credit rating companies can officially enter China to carry out credit rating business. The people’s Bank of China pointed out that the opening of the credit rating industry is an important part of steadily expanding the opening of the financial market. At present, the internationalization of China’s financial market is accelerating. The introduction of international rating agencies is conducive to meeting the demands of international investors for the allocation of diversified RMB assets, promoting the improvement of the rating quality of China’s rating industry, and is of positive significance to the standardized and healthy development of China’s financial market.
the construction of Guangdong Hong Kong Macao Great Bay area was included in the “headline” of Guangdong work this year
GDP has ranked first in China for 30 consecutive years, with a target of exceeding 10 trillion yuan in 2019. The figures revealed by the two sessions of Guangdong are enough to surprise the outside world. In addition, in 2019, there will be more “dry goods” in Guangdong, which will bring new surprises to the year of the pig. “Stick to the ‘outline’ of building Guangdong, Hong Kong and Macao Dawan district.” As a major national strategy, the construction of Guangdong Hong Kong Macao Dawan district is the most important keyword in the work report of Guangdong Provincial Government in 2019.
Guangdong Highsun Group Co.Ltd(000861) the major shareholders took the opportunity to cash in
While allowing listed companies to stabilize the stock price by repurchasing shares, while cashing out by reducing shares and increasing equity pledge ratio, Guangdong Highsun Group Co.Ltd(000861) large shares of Donghai India group have a brilliant means of capital transfer. On the evening of January 28, Guangdong Highsun Group Co.Ltd(000861) threw out several announcements at one go. In addition to continuing to repurchase shares, major shareholders added equity pledge. This is incompatible with the current trend of steady deleveraging.
Securities Times (special area)
the face change of performance forecast is a “hidden thunder” buried in the market. Investors should be highly vigilant
At the beginning of the disclosure of the 2018 annual report, a number of listed companies began to revise the final performance forecast. The magnitude of the change from profit to loss is amazing. The sudden performance “face change” of listed companies is like a “hidden thunder” buried in the market, which caught investors off guard. From pre profit to huge pre loss, it takes only one quarter. In this case, the speed and range of “face change” of the performance of listed companies are like children’s play, and it is difficult to effectively protect the legitimate rights and interests of investors. It is true that investors cannot know in advance the exact time when listed companies announce “face change”, so as to avoid losses. However, from the situation of each year, there are usually clues to the performance “face change” of listed companies, and investors should be highly vigilant.
adjustment of non-performing loan recognition criteria “squeeze water” in the statements of several listed banks
Although the regulatory authorities have not officially released documents, recently, local banking and insurance regulatory bureaus have adjusted the recognition criteria of non-performing loans. Shaanxi and Shanghai made it clear that “all loans overdue for more than 90 days are included in non-performing loans” and listed the specific timetable. Industry insiders believe that the exposure of real and bad assets according to regulatory requirements has a great impact on some urban commercial banks and small and medium-sized banks. The profits of some banks with deviation of non-performing loans higher than 120% and 130% are bound to be eroded. However, in the long run, water squeezing in the banking industry is conducive to steady development in the future.
the passive investment boom of more than 100 public offering index funds to be approved continues
Stimulated by the “gold absorption” effect of equity ETF and bond index funds last year, fund companies continue to target passive products this year. According to the latest data released by the CSRC, as of January 18, 95 index funds had been declared for approval; In addition, the general will be transformed into index funds and index bases being issued. A total of 116 products will join the index fund team, and the capacity of index funds will be expanded by about 20%.
the sequelae of overvalued M & a spread * ST Dongling is trapped in “evaluation delay”
Although the performance correction in 2018 is a high probability event, another new problem lies in front of * ST Dongling (000893). The reporter of securities times · e company learned from people familiar with the matter that the impairment test and evaluation of * ST Dongling’s 2017 annual report has been delayed, which will have a direct impact on the audit of 2018 financial report. If the 2018 annual report is still issued with “non-standard” opinions, * ST Dongling may suspend listing.
Securities Daily (special area)
China Banking and Insurance Regulatory Commission: encourage insurance funds to increase their holdings of high-quality listed companies
In order to give better play to the role of institutional investors of insurance companies and maintain the stable and healthy development of listed companies and the capital market, Xiao Yuanqi, spokesman of the China Banking and Insurance Regulatory Commission, said in an interview with the media on January 28 that the China Banking and Insurance Regulatory Commission encourages insurance companies to use long-term account funds, increase their holdings of high-quality stocks and bonds of listed companies and broaden the scope of investment in special products, Strengthen the implementation of special products.
the reform of local state-owned enterprises aims at three key points, and the mixed reform is still the “standard configuration”
In 2019, the local two sessions have kicked off. From the local government work reports, it can be seen that the reform of state-owned assets and state-owned enterprises is still an important play. Wu Qi, senior researcher of Pangu think tank, said that in 2019, the reform of state-owned assets and state-owned enterprises around the country still focused on mixed reform, listing and the establishment of “two types of companies”, and the reform direction of “capital management” became clearer and clearer.
scientific and technological innovation board can be set up in some regional markets
More than half of the local two sessions will be held in 2019, and many local government work reports involve multi-level capital markets. Among them, the science and innovation board is a hot word and has become the key work of economically developed provinces and cities such as Shanghai and Guangdong. Other places have also indicated that they will increase the incentives for enterprises listed on the science and innovation board. At the same time, in early January this year, the general office of the State Council issued the notice on promoting the second batch of reform measures related to supporting innovation, and decided to set up a special board for scientific and technological innovation in the regional equity market. In this regard, the chief researcher of Qilu equity trading center said that the scientific and Technological Innovation Board will guide the agglomeration of capital resources to competitive scientific and technological innovative enterprises to cultivate new economic growth points.
LETV holdings and taoyun capital “tear each other apart” Jia Yueting FF company’s crisis reappearance
The contradiction between LETV holdings and taoyun capital has further escalated. On January 28, LETV holdings issued a statement saying that taoyun capital would “throw the pot” LETV holdings again for problems in the company’s operation. Up to now, Jia Yueting has not received any court or arbitration documents containing taoyun capital rights. According to the news on January 25, easy to reach car released a note on the owner’s deferred withdrawal, which said, “in October 2018, taoyun capital has started the procedure to recover the arrears from LETV and Jia Yueting. At present, the equity of FF company and American real estate held by Jia Yueting have been sealed up and frozen through California and BVI courts.”
people’s daily
5g connect to a better future
As a new generation of information and communication technology, 5g is gradually becoming a new driving force of infinite power. In recent years, Guangdong has made continuous efforts in 5g industry, accelerated the formation of related industrial ecology, and 5g mobile phone and Internet of vehicles will gradually become a reality. The combination of 5g with VR, AR and other technologies will bring people a new experience and open unlimited imagination space for the future. In Guangdong, observing the development of 5g industry provides us with a new perspective to meet the future science and technology.
economic reference daily
state key laboratory or current aircraft carrier level science and technology platform
As China’s scientific and technological innovation base and original innovation source, the layout of state key laboratories is accelerating. The reporter of economic information daily learned from informed sources that in order to strengthen the capacity support for national strategy and security needs, China will continue to accelerate the construction of state key laboratories and build an aircraft carrier level scientific and technological innovation platform. In addition, the construction of state key laboratories jointly built by provinces and ministries will be strengthened, and relevant central and local special funds will be coordinated to support the construction and development of laboratories.
photovoltaic subsidy standard will be determined in a market-oriented manner
On January 28, the reporter of economic information daily learned from the press conference of the national energy administration that the newly installed capacity of photovoltaic power generation in 2018 was 44.26 million KW, the second highest in history after the newly installed capacity in 2017. In 2019, the national energy administration will continue to promote the development of photovoltaic industry and maintain the reasonable development scale and rhythm of photovoltaic industry with the main line of promoting the high-quality development of photovoltaic power generation.
21st Century Business Herald
after three years, the CSRC has changed its head, A-Shares are ready, individual stock differentiation intensifies, and performance is the core
On January 28, the first trading day after the change of command of the CSRC, the market ended the day’s trading with a trend of rising and falling. In the morning, the Shanghai and Shenzhen two cities opened sharply, and the white horse stocks such as appliances and Baijiu were again pushed. The stock index rose by 1.1% to 2630.32 points, the highest rebound since 2019. However, with the decline of most sectors, the growth of the two cities gradually narrowed, and finally turned from red to green. As of the close, the Shanghai stock index closed at 2596.98 points, down 0.18%; Shenzhen composite index closed at 7589.58 points, down 0.08%; Gem index closed at 1259.74 points, down 0.45%. The total turnover of the two cities was 299.8 billion yuan, a decrease of 14.1 billion yuan compared with the previous trading day.
new tasks of the two chairmen of the CSRC
The CSRC once again ushered in a change of command. Yi Huiman, who has worked in China Industrial And Commercial Bank Of China Limited(601398) for 35 years, assumed the new chairman of the CSRC, while Liu Shiyu entered the supply and Marketing Corporation. As Yi Huiman from the grass-roots level of ICBC to the top leader of ICBC, the market has great expectations for his work in the CSRC. At present, yihuiman’s primary task is to promote the implementation of the science and innovation board and the pilot registration system as soon as possible, prevent capital market risks and give full play to the direct financing function of the capital market. Liu Shiyu has worked in the CSRC for three years and achieved certain results in strict supervision and promoting the normalization of IPO. After entering the supply and marketing cooperative system, Liu Shiyu promoted the asset securitization of the supply and marketing cooperative system or one of his tasks.
net profit decreased by nearly 30% Bank Of Zhengzhou Co.Ltd(002936) performance changed face and the non-performing rate continued to rise
Performance changes suddenly followed, Bank Of Zhengzhou Co.Ltd(002936) the performance express was released on the evening of January 27, and the revenue in 2018 was RMB 11.093 billion, a year-on-year increase of 8.82%; The net profit was RMB 3.034 billion, a year-on-year decrease of 29.1%. Previously Bank Of Zhengzhou Co.Ltd(002936) was expected to achieve positive growth. At present, Bank Of Zhengzhou Co.Ltd(002936) is also the only bank among the 15 banks that disclosed the performance express, and the net profit attributable to the shareholders of the parent company fell. The performance suddenly exploded a “mine”, and the share price of Bank Of Zhengzhou Co.Ltd(002936) also fell sharply. On January 28, Bank Of Zhengzhou Co.Ltd(002936) hit the lowest price since listing of 4.91 yuan.
