On Friday, January 18th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities News pan Gongsheng: study and promote the development of Bond ETF, and timely and comprehensively liberalize repurchase transactions
Shanghai Securities News listed companies have increased their positions in repurchase of recognized social security, niusan and other multi-channel funds
Securities times science and technology innovation board is approaching, and venture capital institutions are ready to go
The pace of reform and opening up of the capital market is firm, and more than 1 trillion foreign capital will copy the bottom of A-Shares this year
People’s daily state owned assets and state-owned enterprise reform to increase vitality and improve efficiency
The “xiong’an plan” of the economic information daily is on the paper, and the “city of the future” is ready to come out
Ren Zhengfei, 21st Century Business Herald: the current difficulties were predicted more than a decade ago
China Securities Journal ( zone )
pan Gongsheng: study and promote the development of bond ETFs, and timely and comprehensively liberalize repurchase transactions
Pan Gongsheng, vice president of the people’s Bank of China, said at the China bond market International Forum on the 17th that he would continue to improve the relevant arrangements of the bond market and further open to the outside world. In terms of bond market interconnection, research and promote the development of index products such as bond ETFs and the interconnection of bond central depository institutions (CSDs). The institutional arrangements concerned by foreign investors will effectively support the special settlement cycle needs of foreign investors; Safe is studying and optimizing the relevant arrangements for foreign investors to participate in foreign exchange hedging transactions; The Ministry of Finance plans to increase the number of renewal of key term treasury bonds in 2019. In terms of repurchase and derivative products, timely and fully liberalize repurchase transactions; Vigorously promote the use of RMB derivatives.
China Securities News front page: the total guarantee amount of listed companies is high, and the risk of violation can not be underestimated
The illegal guarantee of listed companies is difficult to eliminate due to its strong concealment, lagging information disclosure, and the effectiveness of illegal guarantee confirmed by judicial precedents. According to the statistics of China Securities Journal, at present, the total external guarantee balance of A-share listed companies exceeds 4.7 trillion yuan, and the actual guarantee total of nearly 300 companies accounts for more than 50% of net assets. Recently, the illegal guarantee matters of many companies have been exposed, and the risk of illegal guarantee has attracted market attention again.
the amount of M & A transactions in Shenzhen in 2018 reached 1.38 trillion yuan
There were 2522 mergers and acquisitions of Shenzhen companies throughout the year, with a total transaction amount of 1.38 trillion yuan, accounting for 60% and 54% of the A-share market respectively. The relevant person in charge of Shenzhen Stock Exchange said that in 2019, Shenzhen Stock Exchange will continue to promote the market-oriented reform of M & A, earnestly perform the front-line supervision responsibilities of M & A, actively guide listed companies to promote supply side structural reform through M & A, and vigorously support new technology, Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) , new business forms and new models to enter listed companies through M & A.
performance anticipation of listed companies gives birth to private placement tips with ultra-high target price. Biased listening and believing are risky
The performance forecast of Listed Companies in 2018 has been released one after another, which has become the focus of securities researchers recently. In the Research Report of securities companies, the target price of dozens of listed companies is bullish by more than 50%. The starting point for relevant research reports to make judgments is the performance forecast of Listed Companies in 2018. Analysts pointed out that when investors layout the annual report market, only the single factor of performance anticipation is difficult to completely control the rise and fall of stock prices. Private placement people remind that the target price given by the Research Report of securities companies should not be “biased” when investing.
Shanghai Securities News (special area)
listed companies buy back approved multi-channel funds and increase their positions
The repurchase of listed companies is in full swing, and all kinds of funds are entering one after another. Since January this year, nearly 30 companies have disclosed the shareholding of the top ten shareholders due to share repurchase. Combing the shareholder lists of these companies, we can find that multiple funds such as social security, northbound capital, private placement and niusan have quietly increased their positions in some stocks in the near future.
Shanghai and Shenzhen Stock Exchange announced that the trading time of bond pledge repo was extended by 30 minutes
Basically no risk, completely zero cost, no delay in stock trading, and even less than a few seconds. After the closing of each day, you can make the account idle funds “money makes money”. Such a good thing will soon benefit all shareholders. On the 17th, the Shanghai Stock Exchange and Shenzhen Stock Exchange announced that from next Monday, the trading time of bond pledge repo will be extended by 30 minutes. Investors who like to “lie and earn” must not miss it.
there will still be subsidies for overseas distributed projects in the photovoltaic market this year
At the “2018 development review and 2019 situation Outlook Seminar of photovoltaic industry” held on January 17, Wang Bohua, vice president and Secretary General of China Photovoltaic Industry Association, introduced the development of various links of photovoltaic industry chain last year, and said that the industry development after the introduction of the “May 31” New Deal last year was still better than expected, and the overseas market will grow greatly this year. Liu Yiyang, Deputy Secretary General of the association, revealed that the competent authorities are stepping up the study of distributed photovoltaic subsidy policies, and will still provide subsidies for distributed projects whose conditions are not sufficient to achieve affordable Internet access.
the announcement is contradictory. Guangdong Rongtai wants to rub 5g
The previous announcement stressed that the target asset to be purchased “is committed to becoming the leader of 5g cloud data center”, but the supplementary announcement a few hours later pointed out that the asset “has no direct relationship with 5g communication technology”; What signal does Guangdong Rongtai want to send to the market? It is worth mentioning that the 5g concept has been hyped continuously in the near future, and many concept stocks have increased greatly. Guangdong Rongtai disclosed two “contradictory” announcements at this time, and the intention behind them is worth pondering.
Securities Times (special area)
the scientific innovation board is approaching, and venture capital institutions are ready to go
Recently, it has been pointed out that the general direction of the draft of the rules of the science and innovation board has been set, some details are being finally revised, and it is just around the corner to solicit opinions from the public. At the same time, the Shanghai Stock Exchange has communicated with large head securities companies about the project reserves, and venture capital institutions are also actively preparing. When consulting a number of well-known venture capital institutions, the reporter found that some institutions have carried out close cooperation with head securities companies to prepare high-quality invested innovative enterprises to apply for the science and innovation board.
China’s bond market has an eye-catching performance in attracting foreign investment. It is included in the international index to find a greater breakthrough
In 2019, China’s bond market is expected to seek a greater substantive breakthrough in integrating into the international mainstream bond index, which will bring large-scale passive configuration foreign investors into China’s bond market, and then pry the “follow-up” of active configuration foreign investors. The inclusion of Chinese bonds in the global index is only a step in the process of opening the bond market to the outside world. There is still a long way to go in terms of liquidity, risk hedging and product types.
11 cities carry out pilot projects for centralized drug procurement and use
The general office of the State Council recently printed and distributed the pilot plan for the state to organize the centralized purchase and use of drugs. In the plan, 11 cities including Beijing, Tianjin, Shanghai, Chongqing, Shenyang, Dalian, Xiamen, Guangzhou, Shenzhen, Chengdu and Xi’an were selected to carry out the pilot work of centralized drug procurement and use. The plan specifies that the centralized procurement of drugs will select pilot varieties from generic drugs corresponding to generic drugs that have passed the consistency evaluation of quality and efficacy. The pharmaceutical manufacturers can participate in the pilot projects within the scope of centralized procurement approved by the state drug regulatory department and listed in Chinese mainland.
Zhongke Xincai’s reply to the concern letter is still unknown. The reason why the actual controller was investigated
As the company’s actual controller, chairman and other important core personnel were taken away to assist in the investigation, the commercial factoring business of Zhongke Xincai (002290) has been suspended, and it is uncertain whether the company’s 2018 annual report can be released on time. On the evening of January 17, Zhongke Xincai replied to the letter of concern of the Shenzhen Stock Exchange, saying that up to now, the reason why the actual controller was assisted by the public security organ in the investigation is still unknown.
Securities Daily (special area)
the pace of reform and opening up of the capital market is firm. More than 1 trillion yuan of foreign capital will copy the bottom of A-Shares this year
How many overseas incremental funds will enter the A-share market this year? This is one of the most concerned things for investors. Through public information, it can be calculated that the overseas incremental funds flowing into the A-share market this year will exceed 1 trillion yuan. Overseas funds dare to invest in A-Shares due to the firm pace of reform and opening up of the capital market. Specifically, the capital inflow from abroad includes the incremental capital brought by Shanghai Stock connect, Shenzhen Stock connect, QFII, rqfii and the inclusion of A-Shares by global index companies.
central enterprises made the best profits last year, and there will be new actions in integration this year
At the press conference held by the State Council Information Office on January 17, Peng Huagang, spokesman of SASAC, introduced that in 2018, central enterprises achieved a cumulative operating revenue of 29.1 trillion yuan, a year-on-year increase of 10.1%; The total profit was 1.7 trillion yuan, the best level in history, with a year-on-year increase of 16.7%; The net profit was 1.2 trillion yuan, a year-on-year increase of 15.7%; The net profit attributable to the owners of the parent company was 610.01 billion yuan, a year-on-year increase of 17.6%. Among them, the revenue of 39 central enterprises increased by more than 10% year-on-year in 2018, and 18 enterprises increased by more than 20% year-on-year; The total profits of 53 central enterprises increased by more than 10% year-on-year, of which 28 enterprises increased by more than 20% year-on-year.
institutions expect the number of A-share IPOs this year to be no less than 105
China Securities Co.Ltd(601066) Liu Naisheng, member of the Executive Committee and head of recommendation business, said that the IPO audit in 2019 will continue the audit inertia in 2018, and the number of IPO companies audited and listed in 2019 will not be lower than that in 2018. More importantly, the securities market will continue to develop in an all-round way in the direction of legalization and marketization. The pricing mechanism of new share issuance will accelerate the reform and promotion in the direction of marketization, and give the pricing power to the market. According to the statistics of China Securities Co.Ltd(601066) securities research and development department, the number of A-share IPO companies decreased significantly in 2018, with 105 IPO companies in the whole year, a year-on-year decrease of 76%.
the controlling shareholder interferes with the independent operation. Hongyang energy receives the supervision letter from the securities regulatory bureau
On the evening of January 17, Hongyang Energy announced that the company and its controlling shareholder Shenmei group received the decision on administrative supervision measures from Liaoning Securities Regulatory Bureau on January 16, and decided to take corrective measures against the two companies. Liaoning Securities Regulatory Bureau pointed out that the company did not maintain independence from Shenmei group in terms of personnel, business and finance; In terms of internal control, the company has the problem of non operating occupation of funds by Shenmei group.
people’s daily
reform of state-owned assets and state-owned enterprises to increase vitality and improve efficiency
“In 2018, the economic operation of central enterprises was generally stable, the quality and efficiency were steadily improved, and the trend of making progress while maintaining stability and improving quality was more consolidated.” At the press conference of the State Information Office held on the 17th, Peng Huagang, secretary general and spokesman of SASAC, introduced. Revenue and profit grew rapidly, and central enterprises achieved a cumulative operating revenue of 29.1 trillion yuan in 2018; The total profit was 1.7 trillion yuan, the best level in history, with a year-on-year increase of 16.7%.
economic reference daily
“xiong’an grand plan” is on the paper and the “future city” is ready to come out — an interpretation of the master plan of xiong’an New District, Hebei
The approval of the master plan of xiong’an New District of Hebei (2018-2035) was announced to the public recently. The plan took more than a year to complete, depicting the development picture of xiong’an new area, highlighting the determination to build a national high-quality development model, and a “future city” carrying the millennium plan is about to emerge.
last year, the total profits of central enterprises reached 1.7 trillion, the best level in history. In 2019, SASAC increased its weight to prevent and control risks and steadily increased
According to the data, in 2018, central enterprises achieved a cumulative operating revenue of 29.1 trillion yuan, a year-on-year increase of 10.1%; The total profit was 1.7 trillion yuan, the best level in history, with a year-on-year increase of 16.7%; The net profit was 1.2 trillion yuan, a year-on-year increase of 15.7%; The net profit attributable to the owners of the parent company was 610.01 billion yuan, a year-on-year increase of 17.6%.
fed Beige Book: moderate economic growth and decline in business confidence
According to the “beige book” released by the Federal Reserve on the 16th, from early December last year to early January this year, the U.S. economy continued to expand moderately, but enterprises’ optimism about the economic outlook decreased, and the U.S. economy also showed signs of slowdown. Analysts said the report provided a new basis for the fed to shift to a more “patient” strategy on raising interest rates. The decline in economic data also strengthened analysts’ expectations that the Fed will suspend interest rate hikes in the near future.
21st Century Business Herald
Ren Zhengfei: the current difficulties were estimated more than ten years ago
On January 17, Ren Zhengfei, founder of Huawei, was interviewed by the media group for the second time. Compared with the international business and security issues discussed by foreign media on January 15, Ren Zhengfei, who faced Chinese media on January 17, emphasized the importance of basic technology.
real estate enterprises are busy issuing bonds at the beginning of the year, and the domestic and foreign financing environment has been thawed in stages
Continuing the intensive bond issuance trend at the end of last year, the financing of real estate enterprises in early 2019 is still hot. As of January 16, according to incomplete statistics, the financing of real estate enterprises has exceeded more than 40, with a total financing amount of about 100 billion. It continues to expand on a large scale, but it is more used to “borrow new and return old”.
cross party negotiations are difficult to adjust. Aunt Mei’s “plan B” will meet the storm
After two days of voting, the lake in British politics returned to calm on January 17, but there was still a turbulent undercurrent under the water. With the prime minister Theresa May submitting the “plan B” on the future direction of brexit to the house of Commons next Monday (21) and voting again on January 29, another storm may strike again.
