On Thursday, January 17th, the main contents of today’s headlines are as follows:
Media name front page headlines
The impact of “Tianliang” reverse repurchase on the tax period of China Securities Journal was “strong and flat”
Shanghai Securities News, China Banking and Insurance Regulatory Commission 2019 regulatory work vane: unremitting efforts to control financial chaos and greater efforts to support the development of the real economy
At the beginning of the year, the high-level officials of six ministries and commissions made intensive appearances to release clear policy signals
Securities Daily, a new round of national social security rate reduction and acceleration, experts suggest a reduction of about 5%
People’s daily Beijing, Tianjin and Hebei respond to the large-scale decommissioning and recycling system of new energy vehicle power batteries, and the recycling is more extensive
Economic information daily Ministry of agriculture and rural areas: the price of Shenzhen Agricultural Products Group Co.Ltd(000061) this year has a stable operation basis. It is expected that the price of pigs will be stable and slightly lower before the Spring Festival
In depth tracking of 30 public investment directors of 21st Century Business Herald: A-Shares may be difficult to reverse in 2019, but the structural market can be expected
China Securities Journal ( zone )
the impact of “Tianliang” reverse repurchase on the tax period was “Qiang Ping”
After the first RRR reduction in 2019, the amount of reverse repo operations of the central bank broke the historical record. This week, the central bank continued to increase liquidity investment through a two pronged approach. Analysts believe that thanks to the strong and forward-looking operation arrangements of the central bank, liquidity is basically worry free before the Spring Festival, and the improvement after the festival is worth looking forward to; In the first quarter of 2019, the liquidity situation is basically clear, the liquidity environment is good, and the market interest rate center is further downward.
based on Hong Kong, seek global Chinese securities companies to overweight international business
At the beginning of 2019, domestic securities companies frequently seek financing in Hong Kong. On January 9, Shenwan Hongyuan Group Co.Ltd(000166) (000166) H-share listing application was approved by CSRC; On January 3, Xingzheng international was listed on the main board of the Hong Kong stock exchange. Insiders believe that with the continuous development of the capital market, the proportion of heavy capital business in the securities business will gradually increase, especially more and more securities companies begin to expand the international market, and the scale of capital is precisely the key factor restricting Chinese securities companies from competing for international business. Therefore, Chinese securities companies are competing to inject capital into the international sector.
the stock trading interface of securities companies is expected to liberalize private placement or attract 100 billion incremental funds to boost the trading activity of the stock market
A quantitative private placement person said that when securities companies came to communicate, they said that the stock trading interface of securities companies is expected to be opened, but it has yet to be finally confirmed. Insiders said that for quantitative private placement, this is a major positive. Another private placement source pointed out that although according to industry news, the first release is quantitative private placement, all private placements that want to integrate the trading system have a demand for the stock trading interface of securities companies. Insiders said that from the perspective of improving the activity of quantitative funds, only the improvement of stock trading volume is not enough, and hedging tools are also key. A number of private equity sources said that they hope that the trading rules of stock index futures will be further optimized and look forward to the launch of new products such as options.
how long can gold be “flashed” if the reverse indicator sings too much
Since new year’s day, the main contract of Comex gold futures has remained high and volatile as a whole. On January 4, it once broke the thousand three mark to US $1300.4/oz, a new low of US $1202.4/oz compared with the stage set on November 13, 2018, with a cumulative increase of 98 yuan or 8.15%, and then maintained the range of US $1280-1300 / oz. Goldman Sachs, the “reverse indicator king” who has always been bullish on gold prices, has also made new moves recently. The bank raised the gold price in 2019 to $1425 / ounce, which will be a level not seen in more than five years. This time, will Goldman Sachs look away?
Shanghai Securities News (special area)
the wind vane of the supervision work of the CBRC in 2019: unremitting efforts to control financial chaos and greater efforts to support the development of the real economy
Recently, the China Banking and Insurance Regulatory Commission held a 2019 banking and insurance supervision and management meeting to review and summarize last year’s work, study and analyze the current situation, and arrange and deploy the work in 2019. Guo Shuqing, Secretary of the Party committee and chairman of the CIRC, attended the meeting and delivered a speech. The meeting held that the current banking and insurance risks are generally controllable, but the situation is still complex and severe. The meeting proposed that we should unremittingly deal with the chaos in the financial market, make great efforts to make up for the shortcomings of supervision, closely combine the prevention of systemic risks with serving the real economy, and vigorously support private enterprises and small and micro enterprises.
14 films compete for the Spring Festival, doubling the number of files and multiple themes
In two weeks, we will have a holiday for the Spring Festival! How do you spend the Spring Festival? What are the good movies in the Spring Festival? According to the statistics of Shanghai Securities News, 14 films are determined to be released in the Spring Festival in 2019 this year, an increase of 8 over 2018, a new high in recent 6 years. Among them, Beijing Enlight Media Co.Ltd(300251) participated in the production and distribution of crazy aliens, Wanda film and television and bona film’s companies participated in the production of flying life, and China Film Co.Ltd(600977) produced the king of new comedy and wandering the earth.
the construction machinery industry was “too hot” in 2018 and is expected to continue its brilliance this year
The reporter learned from China Construction Machinery Industry Association on the 16th that in 2018, the sales of construction machinery products such as excavators and loaders maintained double-digit growth, and it is expected to maintain the growth momentum in 2019.
Second hand housing prices fell in 22 hot cities and the property market continued to cool
The national property market continues to operate in the cooling channel. According to the latest data of the National Bureau of statistics, in December 2018, the number of cities with month on month rise in new house prices decreased significantly. At the same time, the second-hand housing market, which can better reflect the market trend, saw prices fall and the number of cities increased to 22. Analysts believe that some urban regulation policies will be fine tuned in the future, but they will not be fully relaxed.
Securities Times (special area)
at the beginning of the year, the high-level officials of six ministries and commissions made intensive appearances to release clear policy signals
At the beginning of the new year, heads of six ministries and commissions, namely, the national development and Reform Commission, the central bank, the Ministry of industry and information technology, the Ministry of finance, the Ministry of Commerce and the Ministry of human resources and social security, made intensive appearances and were interviewed by reporters. They are responsible for areas ranging from macroeconomic policy, industrial policy to monetary policy; From the country’s money bag, foreign trade, and then to everyone’s employment, it covers most of China’s economic work. The voice of high-level ministries and commissions closely affects the development of relevant fields and even the economic trend. The reporter sorted out and released clear policy signals, forming a “construction drawing” closely around the spirit of the central economic work conference.
take multiple measures simultaneously to release market vitality
Recently, the regulators have made many attempts in active trading, from liberalizing the restrictions on stock index futures, exploring the docking quantitative private placement of securities companies’ stock trading interfaces, to the institutional discussion on the active liquidity of the science and innovation board, and the continuous inflow of foreign capital into a shares. They take multiple measures to improve the vitality of A-Shares by using policy tools. Many market participants said that the short-term fluctuation of the stock market has made many investors cautious. With the gradual liberalization of restrictive measures, the gradual improvement of risk appetite and the release of favorable factors at the macro level, the market will gradually become active, so that the market can better play the role of regulating resource allocation.
cancel the first day limit of new shares, and the supervision must effectively keep up with
Canceling the restrictions on the rise and fall of new shares on the first day of listing needs to face two problems. First, market speculation. Previously, there was a double or even several times increase on the first day of IPO, more like the case that PetroChina created the highest price on the day of listing. Second, after canceling the restrictions on the rise and fall of new shares on the first day of listing, it is very conducive to large funds and institutions to manipulate individual stocks by wantonly collecting chips. Therefore, if the restrictions on the rise and fall of new shares on the first day of listing are cancelled, market supervision must effectively keep up.
Anshan Senyuan Road & Bridge Co.Ltd(300210) the impairment of goodwill in 2018 is mainly due to
At the moment of intensive release of annual performance forecast, the risk of goodwill impairment continues to ferment. Anshan Senyuan Road & Bridge Co.Ltd(300210) (300210) released the performance forecast on the evening of January 16. It is estimated that the net profit loss in 2018 will be 88 million yuan to 93 million yuan, turning from profit to loss year-on-year, with a profit of 55.42 million yuan in the same period of last year. Anshan Senyuan Road & Bridge Co.Ltd(300210) said that the company conducted an impairment test on the goodwill formed by the acquisition of Jilin Highway Machinery Co., Ltd., and made a full provision for the impairment of the goodwill of 44.89 million yuan.
Securities Daily (special area)
a new round of national social security rate reduction and acceleration experts suggest a reduction of about 5%
Liu Changping said that from the simplest point of view, the target replacement rate set by the current urban basic old-age insurance system remains unchanged. Compared with the payment rate of the current social pooling account and individual account, according to the standard payment period of 35 years, the payment rate of the social pooling account can be adjusted by 4% – 5%, that is, from the current 19% enterprise payment rate to 14% – 15%; It is recommended that the payment rate of individual account remain unchanged.
experts predict that the scale of value-added tax reduction will reach trillion yuan
Zhang Yiqun, vice chairman of China’s Special Committee on fiscal budget performance, said that the reform of value-added tax rate focuses on two aspects: merging tax rate and reducing tax rate. The so-called substantive tax reduction, on the one hand, is the range of tax rate adjustment. The current three levels of value-added tax rates are combined into two, simplifying the value-added tax collection and management system, making it convenient for taxpayers, clarifying their tax responsibilities and obligations, and reducing the tax rate. The market generally expects that the value-added tax burden of enterprises will be greatly reduced by 3% to 5%; Because of its tax system characteristics, value-added tax should be the largest item in the implementation of the whole tax reduction and fee reduction policy, and its tax reduction scale should be trillion yuan, so that enterprises can have a more obvious sense of gain and effectiveness.
the “delisting wind” in the A-share market will blow more violently this year
2018 is an important time point for the continuous improvement of the mandatory delisting rules in the A-share market. At the same time, there have been various types of delisting “first shares”. Well, from the beginning of 2019, the “delisting wind” of listed companies this year will blow more violently, and the delisting rate will rise, which will fully stimulate the vitality of the A-share market.
Bestway Marine & Energy Technology Co.Ltd(300008) shell selling has failed repeatedly, and equity changes have exhausted three times?
On January 16, Bestway Marine & Energy Technology Co.Ltd(300008) announced that the concerted action of Liu Nan, the controlling shareholder of the listed company, and all the shares of the listed company held by Jiachuan enterprise were subject to judicial freezing. Previously, the 100% equity of the listed company held by the controlling shareholder Liu Nan has been frozen by the judiciary for unknown reasons. Industry insiders said, “due to the poor secondary market, although many funds are seeking to buy a shell, most require that the shell resources are clean, and there are no many negative information such as legal proceedings, pledge explosion and regulatory penalties. If all 100% of the equity to be transferred are frozen, it will be particularly difficult to sell a shell”.
people’s daily
Beijing, Tianjin and Hebei should deal with the large-scale decommissioning and recycling system of new energy vehicle power batteries, and more extensive recycling
Compared with the hot production and sales of new energy vehicles in Beijing, Tianjin and Hebei, the construction of waste power battery recycling system lags behind. The flow of waste power batteries to illegal channels and failure to properly dispose of them will bring serious environmental pollution risks. Beijing, Tianjin and Hebei recently jointly issued a pilot implementation plan for the recycling of new energy vehicle power batteries. The three places will build an industrial alliance for power battery recycling, build a whole industrial chain covering the construction of power battery recycling system, echelon utilization and recycling, and strive to achieve safe, standardized and efficient recycling of power batteries by 2020.
economic reference daily
Ministry of agriculture and rural areas: the price of Shenzhen Agricultural Products Group Co.Ltd(000061) this year has a stable operation basis. It is expected that the price of pigs will be stable and slightly lower before the Spring Festival
On January 16, the Ministry of agriculture and rural areas held the first press conference in 2019 to introduce the operation of key Shenzhen Agricultural Products Group Co.Ltd(000061) markets in 2018 and prospect the market in 2019. Tang Ke, director of the market and Information Technology Department of the Ministry of agriculture and rural areas, said that in 2019, China’s total supply of Shenzhen Agricultural Products Group Co.Ltd(000061) is still sufficient, and China’s Shenzhen Agricultural Products Group Co.Ltd(000061) price has a foundation for stable operation, but the structural contradictions within agriculture still exist, the differentiation between supply and demand of different varieties is more obvious, coupled with external factors such as trade protectionism and energy price fluctuations, The market fluctuation risk of some varieties may increase, and the trend of rations, corn, soybeans, pigs and vegetables will still be the focus of the market.
the high-quality development document of the national economic development zone is expected to be given more reform autonomy
After the comprehensive bonded zone, another important open platform in China will welcome the new deal. The reporter learned that in order to stimulate foreign economic vitality and stabilize foreign investment, relevant departments are preparing to draft high-quality development documents for national economic and technological development zones. China’s 219 national economic development zones are expected to be given more reform autonomy. At present, the economic development zone is intensively focusing on modern industries such as high-end manufacturing to start a new round of upgrading war.
a package of salary distribution and management supporting policies for central enterprises will be issued
On January 16, the reporter of the economic information daily learned from the SASAC of the State Council that the measures for the administration of total wages of central enterprises (hereinafter referred to as the measures) have been printed and issued and will be fully implemented in central enterprises in 2019. This is the first document on the total wages management system of central enterprises publicly issued by the SASAC in the form of an order.
21st Century Business Herald
In depth tracking of 30 public offering investment directors: A-Shares may be difficult to reverse in 2019, but the structural market can be expected
After a sharp retreat in 2018, the whole market is shrouded in a sense of powerlessness. Even if experience tells us that the current A-share market has indeed reached the low level of historical valuation, the suppression of emotion makes everyone dare not take action easily. On the one hand, those with deep set have been unable to move; On the other hand, the spectators are still waiting for the “bottom”.
corporate social security will be reduced again in 2019. The Ministry of Finance and the Ministry of human resources and social security explain how to reduce
In 2019, the Ministry of finance will deepen the reform of value-added tax, continue to promote substantive tax reduction, and actively study and formulate a comprehensive plan to reduce social insurance rates. The Ministry of human resources and social security is also speeding up the study of the implementation plan to reduce the social security rate, and increasing the strength and range of the return of unemployment insurance premiums. The fee reduction has solved the urgent burden on enterprises. How to promote the sustainable development of the old-age insurance system, the Ministry of human resources and social security will deeply implement the national insurance plan from five aspects, expand the coverage of the system and increase the fund income.
the CBRC set the regulatory direction in 2019 to further curb illegal operations
The regulatory work meeting called for unremitting efforts to deal with the chaos in the financial market, further curb illegal operations, orderly resolve shadow banking risks, dispose of high-risk institutions according to law, severely crack down on illegal financial activities, and steadily promote the special rectification of Internet Finance and online lending risks. On January 16, it was reported on the official website of the China Banking and Insurance Regulatory Commission that it recently held the 2019 banking and insurance regulatory work conference. On the whole, the current banking and insurance risks are generally controllable, but the situation is still complex and severe.
