On 1 16,, the main contents of today’s headlines are as follows:
Media name front page headlines
The draft for comments on the rules of the science and Innovation Board of China Securities Journal will be released soon. At present, the red chip and vie structure are feasible
Shanghai Securities News credit accelerated to run financial support real economy is awesome.
Securities Times Shenzhen Stock Exchange Council: strengthening risk prevention and control and improving trading mechanism
Three big data of QFII re welcome policy package of Securities Daily reveal the new logic of foreign investment
Economic information daily brewing new actions for the reform of state-owned assets and state-owned enterprises in 2019 to expand the scope of mixed reform in key areas
21st Century Business Herald national development and Reform Commission: strive to release most of the investment plans in the central budget in the first quarter
China Securities Journal ( zone )
the draft for comments on the rules of the science and Innovation Board will be released soon
The reporter of China Securities Journal recently learned from people close to regulators that the general direction of the draft of the rules of the science and innovation board has been set, some details are being revised finally, and it is just around the corner to solicit opinions from the public. Whether the science and Innovation Board accepts the red chip architecture and vie architecture is still under discussion. At present, it is feasible. Kechuang board will improve the tolerance of agreement control, different voting right structures and enterprise profitability.
key words of the local two sessions: improve the business environment, promote the development of 5g industry and promote infrastructure investment
At the two sessions this year, “improving the business environment” and “paying attention to the development of private economy” have become the key contents of the government work report. The report proposes specific measures such as simplifying the registration process, bailing out private enterprises and supporting small, medium-sized and micro enterprises. In addition, 5g is about to land, and increasing efforts to promote the development of 5g industry has become a highlight of the work reports of local governments. This year, the two sessions of many provinces and cities such as Beijing, Fujian and Hubei mentioned accelerating the layout of 5g industry. Promoting infrastructure projects such as railways, subways and major construction projects is also an important work of provinces and cities in 2019.
monetary policy will strengthen counter cyclical regulation, reduce taxes and fees on a larger scale, and promote investment policies into the implementation period
On the 15th, the State Information Office held a press conference on specific measures to implement the spirit of the central economic work conference. Relevant heads of the central bank, the Ministry of Finance and the national development and Reform Commission said at the meeting that macro policies should strengthen counter cyclical regulation in accordance with the requirements of the central economic work conference. In 2019, we should focus on making up for weaknesses, keep the total amount of monetary policy reasonable, and strive to optimize the structure; Further increase investment around “construction and transformation”; Local bond issuance will be increased and accelerated, and more large-scale tax cuts and fees will be implemented. By promoting and grasping the implementation of macro policies and key tasks, we will ensure a good start to economic development in the first quarter and keep the annual economic operation within a reasonable range.
Ningbo Sunlight Electrical Appliance Co.Ltd(002473) the case of false statement damages was accepted by the court
The investment and Service Center reported on the 15th that the investment and service center supports Ningbo Sunlight Electrical Appliance Co.Ltd(002473) damaged investors to misrepresent damages, which has been accepted by Ningbo intermediate people’s court. In the misrepresentation claim lawsuit, the investment service center listed Hu Yidong, then chairman, as the first defendant and asked Ningbo Sunlight Electrical Appliance Co.Ltd(002473) to bear joint and several liability for compensation.
Shanghai Securities News (special area)
credit runs out of acceleration, financial support, real economy is awesome
According to the data released by the central bank on the 15th, RMB loans increased by 16.17 trillion yuan last year, an increase of 2.64 trillion yuan year-on-year, more than three times that of the same period last year, highlighting the strong support of the financial system for the real economy. Among them, RMB loans increased by 1.08 trillion yuan in the last month of last year, an increase of nearly 500 billion yuan year-on-year, which also drew a satisfactory end to last year’s credit supply.
achieved 14 times return in 13 years. The smart QFII money making routine is very simple
As the representative of overseas “smart money”, QFII has been regarded as the investment vane of the A-share market because of its outstanding profitability since its inception in 2002. From QFII’s heavy position stocks, most prefer white horse stocks with steady performance growth or stocks with high dividend yield. Stocks such as Kweichow Moutai Co.Ltd(600519) , Sichuan Swellfun Co.Ltd(600779) , Jiangsu Hengrui Medicine Co.Ltd(600276) , Gree Electric Appliances Inc.Of Zhuhai(000651) were once “good hearts” of many foreign investors. Unlike many trend investors, foreign investors often choose to build positions against the market and hide patiently, gradually reduce their holdings and exit in the rise of stock prices, so as to lock in earnings.
3.16 billion yuan last year, the self purchase amount of the fund hit a record high
2018 is a tough year for public funds. In the context of the downturn in the A-share market and the cold issuance of new funds, many fund companies have opened the “self rescue” mode to stimulate their enthusiasm for raising funds by purchasing funds. According to the data from choice information, the amount of self purchased funds by fund companies reached 3.16 billion yuan in 2018, 1.6 times that in 2017, a new high over the years.
serious consequences of environmental pollution Yunnan Luoping Zinc&Electricity Co.Ltd(002114) facing public interest litigation
The Yunnan Luoping Zinc&Electricity Co.Ltd(002114) that has been found to have environmental problems for many times is facing a storm of public interest litigation. On the evening of January 15, Yunnan Luoping Zinc&Electricity Co.Ltd(002114) announced that the case of China Biodiversity Conservation and green development foundation v. Yunnan Luoping Zinc&Electricity Co.Ltd(002114) environmental pollution had been accepted by Qujing intermediate people’s court and filed on January 2.
Securities Times (special area)
board of directors of Shenzhen Stock Exchange: strengthening risk prevention and control and improving trading mechanism
Yesterday, the fourth council of Shenzhen stock exchange held its sixth meeting. The meeting reported the work of the board of directors and special committees in 2018, considered and adopted the work summary and work arrangement of Shenzhen Stock Exchange in 2018, listened to the operation of Shenzhen Stock Exchange in 2018 and the risk assessment report of market situation in 2019, and made arrangements for the next work. The meeting pointed out that there are still many unstable and uncertain factors in the current internal and external environment, and the task of risk prevention and control of the exchange is arduous. The meeting requested that we should continue to give prominence to preventing and resolving risks and maintaining the steady operation of the market, give full play to the role of the board of directors and special committees as a platform link, unite and lead the majority of members, further strengthen the risk defense line, and jointly fight the battle to prevent and resolve major risks.
promoting the high-quality development of manufacturing industry has become the key task of each province this year
After the central economic work conference set the tone at the end of last year that China’s economy should “adhere to promoting high-quality development and adhere to the supply side structural reform as the main line”, all localities are emphasizing the development of the real economy and “sword finger manufacturing”. Since the central economic work conference set the general tone of this year’s development in mid December last year, more than 10 provinces such as Shanxi, Sichuan, Jilin and Hunan have successively held economic work conferences, which have put the promotion of high-quality development, especially the high-quality development of manufacturing industry in an important position.
the average position of private placement reached a record low last December
According to the latest data of China Resources trust, by the end of December last year, the average stock position of crefi index (China Resources trust sunshine private equity bull index) component funds had dropped to 51.19%, which was the lowest in the year, down 3.75 percentage points from November and nearly 30 percentage points from the beginning of the year. Some institutions believe that the worst moment of A-Shares has passed. The revival cattle expected by investors may finally break out, and 2019 is a sowing time that can not be ignored.
the Independent Director suggested two major risks * ST Yida share price ride a roller coaster
Due to the violation of letter phi, after receiving the regulatory notice of Shanghai Stock Exchange on January 10, * ST Yida (600610) did not “repent”, and the relevant responsible persons still did not take the initiative to contact Shanghai Stock Exchange. On January 15, * ST Yida announced that four independent directors of the company explained the major risks faced by the company, involving the risk of major illegal compulsory delisting and the risk of suspension of stock listing.
Securities Daily (special area)
QFII re welcome policy gift package three data reveal the new logic of foreign investment
According to the statistics of the market research center of Securities Daily, since January, the cumulative net inflow of Shanghai Stock connect funds has been 13.339 billion yuan, the cumulative net inflow of Shenzhen Stock connect funds has been 9.486 billion yuan, and the total net inflow of northbound funds has been 22.825 billion yuan.
the issuance scale of convertible bonds is expected to double this year, and the financial industry is still the main force of fund-raising
According to the data, up to now, 58 convertible bonds have passed the audit of the development and Examination Commission and the CSRC but have not been issued, with a total scale of about 200 billion yuan. Although the number of convertible bonds issued in 2017 was as high as 68, the total amount raised was only 78.974 billion yuan. Among them, banks will become the absolute main force of issuing convertible bonds. Only Bank Of Communications Co.Ltd(601328) , China Citic Bank Corporation Limited(601998) , Ping An Bank Co.Ltd(000001) , Bank Of Jiangsu Co.Ltd(600919) convertible bonds are expected to raise up to 146 billion yuan, 85% higher than the total issuance scale of 79 billion yuan in 2018.
the IPO passing rate has gradually warmed up. The “4-4” development and Examination Committee asked 18 questions
Since the first half of the year (as of yesterday’s press release), four enterprises have attended the meeting, namely Yunnan Zhen’an Damping Technology Co., Ltd., Nanjing Chervon Auto Precision Technology Co.Ltd(603982) , Yes Optoelectronics (Group) Co.Ltd(002952) Co., Ltd., Beken Corporation(603068) , and the IPO passing rate has reached 100%. In the same period last year, the number of auditors reached 14, the number of participants was 7, and the participation rate was only 50%.
Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) planned the “sick” IPO of the fourth restructuring target failed
Only three months after the termination of the restructuring, on January 15, Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) eager for M & A embarked on the fourth major asset restructuring again, and announced that the trading would be suspended from now on. Similar to the third acquisition of guozhengtong, the target company Poly technology also impacted the A-share IPO. However, the “sick” listing failed, and now it has switched to Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) .
economic reference daily
new actions are brewing for the reform of state-owned assets and state-owned enterprises in 2019 to expand the scope of mixed reform in key areas
In, the reform of state-owned assets and state-owned enterprises continued to advance in depth and brewing new actions. In the next step, we will continue to promote the professional integration in multiple fields such as electric power and non-ferrous metals. At the same time, we will actively promote the mixed reform of enterprises invested by state-owned capital and operating companies, as well as commercial state-owned enterprises whose main business is in the competitive field, so as to expand the scope of mixed reform in key fields. In addition, a number of reforms, including risk prevention and control, independent innovation and corporate reform, will continue to deepen.
off balance sheet financing decreased, and the growth rate of social financing stock decreased. In 2018, RMB loans increased by 16.17 trillion yuan
According to the data released by the people’s Bank of China on the 15th, RMB loans increased by 16.17 trillion yuan in 2018, an increase of 2.64 trillion yuan year-on-year. In 2018, the stock of social financing scale increased by 9.8%, 3.6 percentage points lower than that of the previous year. At the end of December, the balance of broad money (M2) was 182.67 trillion yuan, a year-on-year increase of 8.1%.
state owned assets and state-owned enterprises should play an exemplary role in the new round of reform
The front page of the economic reference newspaper pointed out that in 2019, state-owned enterprises should continue to consolidate the achievements of “three removal, one reduction and one compensation”, strengthen the disposal of “zombie enterprises”, adhere to the use of market-oriented and legal means to resolve excess capacity, resolutely eliminate backward capacity and withdraw from inefficient capacity. We should vigorously enhance the vitality of enterprise development, remove institutional and institutional obstacles, and promote enterprises to truly become independent market competitors. We should accelerate the improvement of enterprises’ innovation ability and level, strengthen the tackling of key core technologies, strive to solve the “neck” problem, and promote the high-quality development of the manufacturing industry. We should continue to unblock the channels of resource allocation, promote the rational flow and optimal allocation of various factors of production, and increase support for the real economy.
21st Century Business Herald
national development and Reform Commission: strive to issue most of the investment plans in the central budget in the first quarter
On January 15, Lian Weiliang, deputy director of the national development and Reform Commission, pointed out at the press conference of the state information office that we should give full play to the key role of investment this year, focusing on making the market play a decisive role in resource allocation, giving better play to the role of the government, and increasing investment around the two key words of “construction and transformation”.
SASAC sets the tone for the reform of state-owned enterprises in 2019: effectively transform the operating mechanism and establish an authorization adjustment mechanism
Lian Weiliang, deputy director of the national development and Reform Commission, also said at the press conference of the state information office on January 15 that he would deepen the reform of the asset liability restraint system of state-owned enterprises and deleverage more effectively. “We will promote marketization and legalization, expand the amount and quality of debt to equity swap, and orderly guide highly indebted state-owned enterprises to reduce their debt ratio in an orderly manner.” He said.
the threshold of entry to 9 cities in Guangdong, Hongkong and Macau is decreasing. The registered residence system reform is gradually deepening
According to the new “1 + 1 + 3” household policy system, Guangzhou has made new changes in the introduction of talents and points. For example, Guangzhou will no longer meet the family planning policy as a prerequisite, and the entry age of talents with bachelor’s, master’s and doctor’s degrees will be relaxed by 5 years than before. In addition to Guangzhou, Foshan, Jiangmen and other places in Guangdong, Hong Kong and Macao Dawan district have also implemented a new household policy from January 1, 2019, focusing on canceling points and giving priority to talents, simplifying the process, etc. Up to now, Dongguan, Zhuhai, Zhongshan, Jiangmen, Zhaoqing and other places have successively cancelled point entry, and Guangzhou, Zhuhai and other cities have also announced the cancellation of family planning preconditions.
