On Thursday, January 24th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal RMB exchange rate: from “moving” to “bouncing”
Shanghai Securities News finalized the overall implementation plan in 79 days, and the landing of science and innovation board only owes a foot to the door
The securities times capital market supervision roadmap is very important to reform and maintain stability
The “market conditions” of A-Shares in Securities Daily are upgraded, and the conditions for the establishment of science and innovation board are sufficient
People’s daily Ministry of Finance responded to hot issues of social concern, how to spend money? How to reduce the tax? What about debt?
Economic information daily 2018 “national ledger”: revenue exceeded 18 trillion and expenditure exceeded 22 trillion for the first time
The 79 day plan for the preparation of 21st century economic report was approved by the Shenzhen Reform Commission, and the scientific innovation board was accelerated before the lunar new year
China Securities Journal ( zone )
RMB exchange rate: from “moving” to “bouncing”
Since 2019, the RMB has been rising first and then declining. When it rises, it is full of vitality, and when it falls, the rhythm is obvious. One rise and one fall show the “tone” and “style” of the current RMB exchange rate trend. Analysts believe that with the reduction of internal and external uncertainty, it is unlikely that the RMB will return to the old path of unilateral depreciation, the two-way fluctuation characteristics of the exchange rate will be more obvious, and the elasticity will be further enhanced, not only “moving”, but also “bouncing”. First, the external environment is expected to be more moderate. Second, internal uncertainty is expected to decrease. Third, the capital market drainage effect is worth looking forward to.
the quality of bank assets continues to improve, and the profit growth is expected to slow down slightly this year
As of January 23, 12 A-share listed banks have published their 2018 performance letters. According to statistics, the 12 banks have achieved a total net profit of RMB 341.922 billion attributable to the shareholders of the parent company, and the asset quality has been generally improved. Looking forward to 2019, analysts believe that the downward pressure on the economy objectively exists, but the operation of the industry can remain stable, the profit growth rate may be slightly weaker than that in 2018, and the non-performing loan ratio will remain within 2%.
executives of listed companies get together and resign. Investors must carefully analyze the reasons to avoid “stepping on thunder”
At the end of the year, senior management positions in A-share companies changed frequently. Statistics show that since 2019, 165 resignation and resignation announcements of major senior managers of listed companies have been issued. Based on the date of resignation, more than 180 senior managers of listed companies have resigned since the beginning of the year. Insiders pointed out that, in addition to the personal reasons of senior executives, the resignation of senior executives is often inextricably related to the operation and financial status of listed companies. Investors should pay close attention to the reasons for the change of senior executives when making investment decisions to avoid “stepping on thunder”.
“Matthew effect” is gradually showing, and the transformation of small and medium-sized securities companies is imminent
The “cold winter” of the securities industry has not reduced the fund-raising enthusiasm of head securities companies and the “appetite” of M & A integration. Financial data show that the overall income of the industry is concentrating on head securities companies. The competitive advantage of small and medium-sized securities companies is weakening. The “small and comprehensive” mode of investment and expansion of all businesses in the past is unsustainable. It is urgent to speed up the transformation, otherwise it will be difficult to escape the fate of being acquired. In the future, the differentiation trend of the securities industry will be more significant. The head securities companies will focus on building an all-round and comprehensive investment bank, and the small and medium-sized securities companies will focus on the niche market.
Shanghai Securities News (special area)
The overall implementation plan was finalized in 79 days. The landing of the scientific innovation board only owes one foot to the door
The sixth meeting of the Central Committee for comprehensively deepening reform held on the afternoon of January 23 considered and adopted the overall implementation plan for establishing a science and innovation board and pilot registration system in Shanghai Stock Exchange and the implementation opinions on establishing a science and innovation board and pilot registration system in Shanghai Stock Exchange. The meeting of the Shenzhen Reform Commission pointed out that the establishment of the science and innovation board and the pilot registration system in the Shanghai Stock Exchange is an important measure to implement the innovation driven development strategy and deepen the reform of the capital market. We should enhance the inclusiveness of the capital market to scientific and technological innovation enterprises, strive to support key core technological innovation, and improve the ability to serve the real economy. We should steadily pilot the registration system, comprehensively promote the reform of basic systems such as issuance, listing, information disclosure, trading and delisting, and establish and improve the stock issuance and listing system centered on information disclosure.
from the perspective of 2018 financial bill, the starting point of active fiscal policy
In the past 2018, China’s financial operation was generally stable and its fiscal revenue and expenditure maintained a good momentum. What are the key points of active fiscal policy in 2018? How effective is the policy? How to strengthen and improve the effectiveness of the proactive fiscal policy in 2019? The relevant person in charge of the Ministry of Finance interpreted the relevant hot issues.
the China Banking and Insurance Regulatory Commission exposed the seven chaos of corporate governance of insurance enterprises and will take classified supervision measures for problematic insurance enterprises
At present, some insurance institutions have imperfect corporate governance structure and weak internal control mechanism, which provides a hotbed for the occurrence of risk problems such as interest transmission. In order to further strengthen the supervision of corporate governance of insurance legal persons and improve the effectiveness of corporate governance of insurance institutions, the cbcirc yesterday announced the on-site evaluation results of corporate governance of insurance legal persons in 2018, and revealed seven major problems existing in corporate governance of insurance enterprises.
The production capacity index of 1.8 billion yuan is not recognized Sansteel Minguang Co.Ltd.Fujian(002110) expansion plan or blocked
The production capacity index bought back at a high price was judged as “inconsistent with the actual situation” by the government department where the seller is located. Sansteel Minguang Co.Ltd.Fujian(002110) it was announced at noon on January 23 that the relevant capacity index asset trading contract had been terminated with Laiwu Iron and steel Xinjiang Co., Ltd. of Shangang group (hereinafter referred to as “Laiwu Xinjiang of Shangang”). As a result, the expansion plan previously disclosed by the company lost its foundation.
Securities Times (special area)
the road map of capital market supervision is very important to reform and maintain stability
The capital market plays a leading role in financial operation. Preventing and resolving financial risks is still one of the key concerns of capital market regulators. Only by focusing on risk prevention and disposal in key areas such as stock pledge, bond default and private equity fund, and firmly adhering to the bottom line of no systemic financial risk, can the probability of abnormal fluctuation of stock index be reduced, Let the capital market better serve scientific and technological innovation and high-quality economic development.
multi departments start to promote the innovative development of major short board equipment
According to the Ministry of industry and information technology, on January 23, 2019, the Ministry of industry and information technology, the Ministry of science and technology, SASAC and the Bureau of science, technology and industry for national defense jointly held a special project promotion meeting on major short board equipment in Nanning, Guangxi. Xin Guobin, Vice Minister of the Ministry of industry and information technology, pointed out that manufacturing equipment is not only a machine tool, but also a concentrated embodiment of the national industrial level and manufacturing capacity.
How to deal with “zombie P2P”? It will be regarded as illegal fund-raising and directly refunded
Insiders pointed out that the clearance of “zombie P2P” institutions also deserves attention. In fact, these platforms that do not clearly have risks but whose business has been substantially suspended have always been divorced from the attention of third-party industry monitoring institutions. It is understood that there is no authoritative monitoring data to clearly disclose the number and loan scale of zombie P2P in the market. This raises a problem that cannot be ignored – can this part of “zombie P2P” in the gray area exit in an orderly manner? Industry analysts said that zombie P2P will be directly treated as illegal fund-raising.
Qinghai Salt Lake Industry Co.Ltd(000792) after an annual loss of more than 3.2 billion in 2018, it may “wear a hat”
On the evening of January 23, Qinghai Salt Lake Industry Co.Ltd(000792) (000792) disclosed the performance forecast for 2018. The company expects an annual loss of 3.2 billion yuan to 3.5 billion yuan, compared with a loss of 4.159 billion yuan in the same period last year.
Securities Daily (special area)
the “market conditions” of A-Shares are upgraded, and the conditions for the establishment of the science and innovation board are sufficient
On January 23, the sixth meeting of the central comprehensive Deepening Reform Commission was held in Beijing. The meeting considered and adopted the overall implementation plan for establishing a science and innovation board and pilot registration system in Shanghai Stock Exchange and the implementation opinions on establishing a science and innovation board and pilot registration system in Shanghai Stock Exchange. Industry insiders believe that at present, A-Shares have good market conditions for the launch of science and innovation board. At present, the order of the A-share market has been continuously optimized, the issuance of new shares has been normalized, the basic market system has been improved, and the “market situation” has been upgraded, laying a solid foundation for the establishment and pilot registration system of the science and innovation board.
the central bank launched 257.5 billion yuan of tmlf for the first time. Experts said there was still room for RRR reduction
On January 23, the people’s Bank of China announced that it had launched the targeted medium-term lending facility (tmlf) operation in the first quarter of 2019. The operation objects are large commercial banks, joint-stock commercial banks and large urban commercial banks that meet the relevant conditions and apply. The analysis shows that the liquidity before the festival will be more stable by using tmlf and reducing the reserve requirement again this week.
the CSRC disclosed four cases of manipulating ETF transactions, and institutions were fined for trading losses of more than 5 billion yuan
On January 23, the CSRC disclosed four punishment decisions involving manipulation of ETF transactions. The CSRC punished Fujian Daochong, Li Shengkai, Zhang Qiuli, Wang Yongke, Feng Jianhua, Xie Zhongli, Ding Huaqiang and other relevant institutions and parties. Among them, Fujian Daochong manipulated the transaction with a loss of 5.457 billion yuan and was severely fined. After yanghao investment manipulated the ETF transaction, the institution was cancelled. Although the transaction eventually lost money, the relevant parties were punished.
the actual controller of St kangdexin’s resumption of trading limit admitted that major shareholders occupied funds
On January 23, kangdexin resumed trading, and its abbreviation was changed to “St kangdexin”. At the opening of the day, St kangdexin fell by the limit. As the daily rise and decline was limited to 5%, the daily decline was 4.98%, closing at 5.73 yuan per share, with a total market value of 20.289 billion yuan.
people’s daily
how does the Ministry of Finance spend money in response to hot issues of social concern? How to reduce the tax? What about debt?
On the 23rd, the Ministry of Finance announced the fiscal revenue and expenditure in 2018 and responded to the hot issues concerned by the society: last year, the national finance operated well and the fiscal expenditure structure was further optimized; In 2019, China’s proactive fiscal policy will intensify efforts to improve efficiency, and implement more large-scale tax cuts and more obvious fee cuts; We will significantly increase the scale of special bonds of local governments and give better play to the important role of special bonds in stabilizing investment and promoting consumption. For the hot issues of social concern, the relevant person in charge of the Ministry of Finance analyzed and interpreted them and answered the reporter’s questions.
economic reference daily
2018 “national ledger”: revenue exceeds 18 trillion and expenditure exceeds 22 trillion
China’s “national ledger” was officially released in 2018. On January 23, the reporter of economic information daily learned from the press conference on fiscal revenue and expenditure in 2018 held by the Ministry of finance that China’s general public budget revenue in 2018 was 18335.2 billion yuan, a year-on-year increase of 6.2%; The general public budget expenditure was 22090.6 billion yuan, a year-on-year increase of 8.7%. Li Dawei, deputy inspector of the Treasury Department of the Ministry of finance, said, “in 2018, with the vigorous implementation of tax reduction and fee reduction, the national fiscal revenue can achieve the budget target at the beginning of the year, mainly due to the overall stable economic operation, progress in stability, improvement of development quality and efficiency, which has laid a tax source foundation for increasing fiscal revenue.”
the action plan for high-quality development of service industry is ready. Many ministries and commissions have stepped up consultations to improve the policy rules
As the largest industry driving China’s economic growth, the market scale of service industry will exceed 50 trillion yuan by 2020, but the contradictions of insufficient total supply, poor quality and low efficiency are still prominent. The reporter of the Economic Information Daily recently learned from a number of authorities that the national development and Reform Commission, the Ministry of Commerce and other departments have stepped up consultations to improve existing policies, and the action plan for high-quality development of the service industry is ready to come out.
21st Century Business Herald
the 79 day plan for preparation was approved by the Shenzhen Reform Commission, and the scientific innovation board was accelerated before the Lunar New Year
On November 5, the news of the establishment of the science and Innovation Board was born at the China entry Expo. 79 days later, that is, on the afternoon of January 23, the sixth meeting of the central comprehensive Deepening Reform Commission deliberated and adopted the overall implementation plan for establishing a science and innovation board and pilot registration system in Shanghai Stock Exchange and the implementation opinions on establishing a science and innovation board and pilot registration system in Shanghai Stock exchange, This also means that the mysterious veil of the construction of science and innovation board system will be lifted.
African swine fever or “forced” industry: promoting the standardized development of feed industry
On January 23, the Ministry of agriculture and rural areas released information that on January 22, it received a report from the office of Shaanxi African swine fever prevention and control emergency headquarters. After passing the evaluation and acceptance, the blockade of the African swine fever area in Shenmu City, Yulin City, Shaanxi Province was lifted.
Panorama of public offering positions in 2018: increasing Vanke’s holdings and reducing Maotai Sancheng company’s holdings
With the full disclosure of the public offering in the fourth quarter report of 2018, the position of the fund at the end of last year can be fully outlined. According to the data of Tianxiang investment adviser, the fund still favored blue chip white horse in the fourth quarter of 2018, especially the real estate stocks gained more fund holdings. At the same time, Kweichow Moutai Co.Ltd(600519) (600519. SH), Ping An Insurance (Group) Company Of China Ltd(601318) (601318. SH) were greatly reduced by the fund.
