On Friday, January 11th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal guides fund exit year is approaching
Shanghai Securities News needs to increase its efforts to regulate the reduction of restricted shares
Securities Times Securities Times front page comments: mergers and acquisitions review released a new signal
Securities Daily front page of Securities Daily: how to understand Yi Gang’s theory of “measurement”
Economic reference daily income tax deduction declaration encounter “sweet trouble”? A number of detailed rules are being improved
21st Century Business Herald 2018 real estate enterprises’ way to get land: the transaction amount has shrunk by nearly 30%, and the “national team” has made up its position against the trend
China Securities Journal ( zone )
guide the fund to exit
Recently, Shanghai, Shenzhen, Shandong and other places have announced the establishment of large-scale guidance funds, and many have guided the funds into the stage of 10 billion. At the same time, the first batch of guidance funds established in China have entered the exit period in recent two years. People in the industry believe that 2019 will be the “exit year”, and many guidance funds are cautiously optimistic.
big banks join the game, small and medium banks compete wrongly, and small and micro loans have changed in the Jianghu
Stimulated by regulatory guidance and corresponding policies, large state-owned banks have lowered the interest rate of small and micro loans for many times since 2018, and recently made the benchmark loan interest rate. In addition, big banks are inclined to small and micro businesses in terms of performance evaluation and cost valuation. Insiders said that big banks continue to increase their weight, stirring the competition pattern of local small and micro businesses.
the CBRC established a notification system for life insurance products, and 24 insurance companies were named and criticized
On the 10th, the China Banking and Insurance Regulatory Commission reported the typical problems found in the recent special inspection and cleaning of life insurance products and the recent regulatory filing, and 24 insurance companies were named and criticized. The cbcirc said that it would establish a notification system for life insurance products and regularly notify the industry’s common and individual problems found in the supervision of life insurance products. In the next step, we will continue to strictly check the products reported by each company in accordance with the requirements of laws, regulations and relevant regulatory provisions, and regularly report the problems found in the regulatory work.
the performance of more than 800 listed companies in 2018 is expected, and 137 companies are expected to more than double their net profit
According to the data, as of the press time of China Securities Journal on the 10th, nearly 1300 A-share listed companies in Shanghai and Shenzhen had issued 2018 performance forecasts. Among them, there are 834 performance prediction companies, accounting for about 65%. Among these performance prediction companies, 137 companies expect their net profit to more than double year-on-year. Nearly 100 companies lost money for the first time since listing. The recession of the industry, thunder stepping on mergers and acquisitions and the increase of illegal matters are the reasons for the first loss of some companies. 13 ST companies turned losses into profits, but 12 companies continued to lose money, and some companies were on the verge of delisting.
Shanghai Securities News (special area)
standardize the reduction of restricted shares
Statistics show that January 2019 was the peak of the lifting of the ban on restricted shares in the A-share market, with 199 listed companies and a total of about 40.480 billion restricted shares ushered in the lifting of the ban, with a total market value of more than 270 billion yuan. On January 3 alone, more than 30 listed companies in Shanghai and Shenzhen issued a centralized reduction announcement, including the clearance reduction of large shareholders with a high shareholding ratio. In view of the continuous illegal reduction in the market, it is suggested to establish a share “repurchase” system for violators. It can be stipulated that where the shares are reduced in violation of regulations, the violator shall buy back all the shares from the secondary market. If there is any income, it shall be owned by the listed company.
the financial industry will promote IPv6 scale deployment in three steps
The people’s Bank of China, the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission (CSRC) issued the implementation of the
<推进互联网协议第六版(IPv6)规模部署行动计划>
Accelerate the scale deployment of the next generation Internet based on IPv6 in the financial industry, and promote the integration and innovation of Internet evolution and upgrading and the financial field. The opinions requires that specific requirements for supporting IPv6 protocol should be clearly put forward. The newly developed application system supports IPv4 / IPv6 dual stack connection. In the case of IPv4 / IPv6 dual stack connection, IPv6 connection access is preferred.
calm down after the carnival of photovoltaic sector. The industry will face severe challenges this year
Yesterday, a notice from the national energy administration to actively promote the subsidized and affordable Internet access of wind power and photovoltaic power generation ignited the enthusiasm of the A-share photovoltaic sector, and several photovoltaic concept stocks such as Zhejiang Sunflower Great Health Limited Liability Company(300111) , Henan Yicheng New Energy Co.Ltd(300080) , Longi Green Energy Technology Co.Ltd(601012) rose by the limit. After the carnival, you still need to return to calm. Many industry insiders reminded that this year is not only the first year of “non subsidy” for photovoltaic development, but also the integration year of survival of the fittest, waves washing sand and industrial restructuring. The industry is about to face severe challenges that it has never encountered.
problems plagued the stock price, but the regulatory authorities asked Baota Industry Co.Ltd(000595) to make it clear
The actual controller of the company was arrested and the equity of several subsidiaries was frozen by the public security organ. For Baota Industry Co.Ltd(000595) , it can be described as “negative entanglement” recently. However, in the face of frequent bad news, the company’s share price soared, and the limit rose for four consecutive days from January 7 to 10 alone. Yesterday, Baota Industry Co.Ltd(000595) received a letter of concern from the Shenzhen Stock Exchange, asking the company to explain in detail the freezing of the shares of subsidiaries concerned by the market and the continuous rise of share prices.
Securities Times (special area)
comment on the front page of the Securities Times: new signals released from the review of M & a
M & a supervision has released a new signal – while ushering in “deregulation” at the entrance end, the situation of strict supervision at the audit end has not changed, and there is little room for institutional arbitrage, so as to guide market participants to focus more on their main business and pay more attention to enterprise development and growth.
Shenzhen supports the development of venture capital through multiple channels. Venture capital institutions generally applaud
Shenzhen recently issued several measures to promote the development of venture capital industry in Shenzhen, which is considered to implement the spirit of the national financial work conference, Implement the general deployment of several opinions of the State Council on promoting the sustainable and healthy development of venture capital and the notice of the people’s Government of Guangdong Province on printing and distributing the implementation plan for accelerating the sustainable and healthy development of venture capital in Guangdong Province, build a good environment for promoting the development of venture capital, and strive to build Shenzhen into an international venture capital center city. Many Shenzhen Venture Capital Institutions applauded the new deal and said they would study it carefully and make good use of the preferential policies.
a large amount of venture capital poured into artificial intelligence, which is still popular
With the rapid development of artificial intelligence (AI) industry, a large number of funds flow into the capital market. It is reported that in 2018, the total amount of venture capital obtained by American artificial intelligence companies reached a record $9.3 billion, a significant increase of 72% over the previous year. PwC estimates that AI will contribute US $15.7 trillion to the world economy by 2030.
Jiangsu Zhongli Group Co.Ltd(002309) terminate bike power’s 10 billion restructuring and serve as the general manager
The “termination key” was pressed at the beginning of 2019 for the major restructuring plan priced at tens of billions and planned for nearly a year. Jiangsu Zhongli Group Co.Ltd(002309) (002309) announced on the evening of January 10 that it would terminate the acquisition of Shenzhen BIC Power Battery Co., Ltd., which also means that Jiangsu Zhongli Group Co.Ltd(002309) would give up entering the field of lithium batteries. Jiangsu Zhongli Group Co.Ltd(002309) said that this decision was made in combination with the macro situation and the actual situation of the company. According to people familiar with the matter, with the decline of the lithium battery subsidy policy, Jiangsu Zhongli Group Co.Ltd(002309) thought that the valuation of the target company was too high, and finally decided to quit and enter the field of military electronics.
Securities Daily (special area)
front page of Securities Daily: how to understand Yi Gang’s “measurement” theory
Recently, Yi Gang, governor of the central bank, explained the “measurement” of prudent monetary policy in an interview with the media, releasing a clear signal to the market. Overall, this year’s prudent monetary policy should not only focus on “degree” but also “quantity”. The author believes that the current monetary regulation should not only focus on “measurement”, but also emphasize the word “balance”. This is an important prerequisite for understanding Yi Gang’s theory of “measurement”.
the national development and Reform Commission is brewing high-quality development of the service industry. Experts say that the service industry has become the “locomotive” of economic growth
Recently, the national development and Reform Commission held a meeting to study the work related to the high-quality development of the service industry, saying that the service industry, as the ” Beijing Dynamic Power Co.Ltd(600405) ” and “stabilizer” of economic operation, has made a great contribution to the transformation of old and new kinetic energy, steady growth and steady employment. The development of advanced manufacturing and modern agriculture needs the support of efficient and productive services, the upgrading of residents’ consumption needs the improvement of high-quality living services, and the promotion of people’s livelihood needs rich and diversified public service guarantee.
the price adjustment probability of this round of refined oil is stranded, and the market pushing strength may be narrowed
Recently, supported by OPEC’s firm attitude of reducing production, the decline of crude oil inventory, the weakening of the US dollar and other good news, the international crude oil continued to rise sharply overnight. Boosted by this positive, the retail price adjustment of refined oil is expected to change from negative to positive.
the limitation of action for jingtianli’s claim is less than half a year. The lawyer said that about 4% of investors participated in rights protection
After jingtianli was punished by the CSRC, the resulting investor litigation continues. Recently, Lawyer Wang Zhibin of Shanghai Minglun law firm introduced to the reporter of Securities Daily that at present, about 400 investors have filed claims against jingtianli, of which some cases have won the final judgment and have been executed, and some investors have received compensation. Judging from the changes in the number of shareholders in the relevant period, there should be no less than 10000 potential investors qualified for claims. At present, only about 4% of investors have participated in rights protection.
economic reference daily
personal tax deduction declaration encounters “sweet trouble”? Many detailed rules are being improved
With the full implementation of the special additional deduction of individual income tax from January 1 this year, individual income tax taxpayers began to declare information. In this process, the reporter found that taxpayers reflected some questions and problems, such as some landlords wanted to “raise rent and avoid tax”, and some taxpayers reported that “the first mortgage” was not easy to identify, etc.
Nearly 70% of the annual report of A-Shares predicted goodwill impairment, sounding the performance alarm
Statistics show that as of January 10, according to the latest release date, 1290 listed companies in Shanghai and Shenzhen have released the annual performance forecast of last year. From the perspective of forecast type, there are 844 listed companies whose performance is expected, accounting for 65.4%. Among them, 282 companies were increased in advance, 164 companies continued to make profits, 68 companies reversed losses, and 330 companies increased slightly; The performance of 109 companies is expected to be reduced, 124 companies are slightly reduced, 142 companies are expected to suffer losses (including the first loss of 101 companies and the continued loss of 41 companies), and the remaining 71 companies are uncertain.
21st Century Business Herald
2018 way for real estate enterprises to obtain land: the transaction amount has shrunk by nearly 30%. The “national team” made up its position against the trend
With the real estate market entering a stable period, the de commercialization of commercial housing transactions in most cities has slowed down, and the pace of land acquisition by leading real estate enterprises has slowed down significantly. According to the statistics of Zhongyuan Real Estate Research Center, 25 leading real estate enterprises in the real estate industry took 2590 land in 2018, with a land transaction amount of 1560 billion, down 28% from 2166.4 billion in 2017. From a monthly perspective, it was lower than 100 billion in the last few months, which was the first time in the last four years. Before 2018, the basic land acquisition amount was 120 billion-200 billion.
PPI fell below 1% in December, industrial deflation or comeback
According to the data released by the National Bureau of statistics, in December 2018, CPI and PPI recorded 1.9% and 0.9% respectively, both lower than market expectations – CPI returned to the “1 era”, while PPI was facing deflationary pressure. PPI deflation will exacerbate the downward pressure on the economy, lower nominal GDP and lead to the recurrence of the “debt deflation” cycle. In this context, the market expects more room for monetary policy easing.
