China Securities Journal ( zone )
Shanghai financial Court went to Shanghai Stock Exchange to investigate the science and innovation board
China Securities News reporter learned from the Shanghai financial Court on the 9th that on the afternoon of January 8, Zhao Hong, Secretary of the Party group and President of the Shanghai financial court, led a team to the Shanghai stock exchange for investigation and conducted in-depth exchanges around the financial judicial needs of the Shanghai Stock Exchange to set up a science and innovation board and pilot the registration system.
the high proportion of goodwill in the full strategy of private “demining” has become the “first worry”
Recently, Shanghai and Shenzhen stock exchanges have successively announced the scheduled disclosure schedule of 2018 annual financial reports of listed companies. In mid and late January, the annual annual pre disclosure curtain will be opened. At this time, it is the time for investment institutions to pick up the “magnifying glass” system for “demining”. Many private placement people interviewed by China Securities Journal believe that the high proportion of goodwill is the primary concern in recent years. Many listed companies will suddenly release the “black swan” announcement of withdrawing asset impairment reserves, which gives investors a headache. On the whole, they suggested that listed companies should be comprehensively tested from four angles and strive to avoid the “minefield”.
Last year, the performance of only one of the 26 listed securities companies increased by
As of 7:00 p.m. on January 9, 26 listed securities companies had released their business data in December 2018, and the annual performance of securities companies in 2018 was beginning to show signs. According to preliminary statistics and estimates, among the 26 listed securities companies, except Founder Securities Co.Ltd(601901) , First Capital Securities Co.Ltd(002797) securities, the operating revenue of the other 24 declined year-on-year in 2018; The net profit situation is even more worrying. Only Founder Securities Co.Ltd(601901) achieved growth in 2018, while the other 25 declined or even suffered losses.
* Zhejiang Unifull Industrial Fibre Co.Ltd(002427) debt restructuring attracted attention
On the evening of January 9, * Zhejiang Unifull Industrial Fibre Co.Ltd(002427) replied to the attention letter of Shenzhen Stock Exchange on the transaction details of the debt restructuring agreement signed between Shanghai yaokuo and the company* Zhejiang Unifull Industrial Fibre Co.Ltd(002427) believes that Shanghai yaokuo cannot pay the transfer consideration at one time, but it will not form a substantial occupation of funds by related parties* Zhejiang Unifull Industrial Fibre Co.Ltd(002427) plans to introduce Shanghai yaokuo to solve its own contingent debt dilemma. At present, Shanghai yaokuo seems to be unable to pay the transaction consideration for the contingent liabilities of the transferee * Zhejiang Unifull Industrial Fibre Co.Ltd(002427) and related parties. It will take 5 years or more to complete the payment of the transaction consideration.
Shanghai Securities News (special area)
wind power and photovoltaic power generation will welcome the era of affordable Internet access
Wind power and photovoltaic power generation usher in the era of affordable Internet access. The national development and Reform Commission and the National Energy Administration recently issued the notice on actively promoting the work related to the non subsidized and affordable Internet access of wind power and photovoltaic power generation. It is proposed that all regions should carefully summarize their own experience in the development and construction of wind power and photovoltaic power generation, and promote the construction of wind power that does not need state subsidies to implement the coal-fired benchmark on grid price in combination with the conditions of resources, consumption and new technology application Pilot project of photovoltaic power generation on grid at parity.
CSI convertible bond index five Lianyang Fund: the “spring” of convertible bonds has just begun
Since the beginning of the year, the CSI convertible bond index has pulled out five positive lines in a row. In the view of fund managers, the “spring” of convertible bonds has just begun. Many fund managers said that the undervalued value, market expansion and tool attributes between stocks and bonds highlight the value of convertible bonds, which will be one of the most important varieties to obtain excess returns in fixed income investment in 2019. It is reported that a number of fund companies have begun to make intensive layout.
large consumption and new infrastructure work together, and northward capital assists for eight consecutive days
On Wednesday, the big consumer sector represented by household appliances and cars broke out in early trading. Some securities companies believe that the policy expectation of dilemma reversal superposition has gradually become the main line of industry allocation in the near future. In addition, analysts believe that the future growth structure of infrastructure investment is expected to gradually change, and the new infrastructure will be an important development direction to make up for the shortcomings of infrastructure in the future.
beset by multiple loan disputes, BUSEN shares was questioned
On January 9, the Shenzhen Stock Exchange issued an inquiry letter to BUSEN Co., Ltd., asking the company to elaborate on several loan dispute lawsuits occurred last year. According to the relevant announcements issued by the company last year, the disputes involved in the inquiry letter of the exchange occurred during the period when Xu Maodong, the original actual controller of BUSEN shares, controlled the company. In the announcement, the company disclosed that the occurrence of the case may be caused by the suspect’s forgery of the company’s official seal and the legal representative’s chapter and the execution of the company’s name. The company has reported to the Maple Bridge police station of Zhuji Public Security Bureau and reported to the public security organ for investigation and investigation on the above alleged forgery of company seal and making documents privately.
Securities Times (special area)
Yi Gang explains the hot spots of monetary policy in detail: maintaining the stable and healthy development of stock, bond and foreign exchange market
Yesterday, Yi Gang, governor of the central bank, said in a joint interview with the media on the implementation of the spirit of the central economic work conference that the current monetary and financial environment is generally stable. In the next step, the central bank will strengthen coordination and cooperation with relevant departments, comprehensively implement policies, and jointly consolidate the micro foundation for dredging the transmission of monetary policy from the two ends of supply and demand through “several lifting”. To improve the transmission mechanism of monetary policy, the key is to establish an incentive mechanism for banks and actively increase support for the real economy, rather than the administrative method of using indicators and assigning tasks.
central bank: cancel the opening permission of enterprise bank accounts in batches
Yesterday, fan Yifei, vice governor of the central bank, attended the regular policy briefing of the State Council and introduced the cancellation of enterprise account opening permission. According to the arrangement, the central bank will first promote the cancellation of enterprise bank account opening permission to Jiangsu and Zhejiang provinces at the beginning of this year, and complete the cancellation of enterprise bank account permission in 2019. Fan Yifei said that after canceling the enterprise bank account license, the enterprise account opening will be handed over to the commercial bank, and the bank will fully and independently assume the responsibility of account management. Factors such as enterprise risk awareness, internal control and compliance management level will directly affect the quality of enterprise account management.
institutions praise the new consumer policy and are optimistic about the structural opportunities of the sector
Affected by the news of Ning Jizhen, deputy director of the national development and Reform Commission, on promoting the consumption of hot products such as automobiles and household appliances, the household appliances and automobile sector broke out collectively yesterday, causing market attention. Many institutions believe that more detailed rules and supporting documents such as relevant measures may be issued in the future to promote residents’ consumption, which may become the main line of economic policy in the environment of external uncertainty and credit contraction in the future.
the share price of the actual controller Yi Zhu doubled on the 7th. The directors of Pengqi technology plan to reduce their holdings
Stimulated by the news of “major shareholder change of ownership”, Pengqi Technology (600614) increased the limit for six consecutive trading days after the resumption of trading on December 28, 2018, and also increased the limit for the seventh trading day (January 9, 2019), with a cumulative increase of 94.79% in seven trading days, nearly doubling. While investors were excited about the soaring share price of the company, Pengqi technology disclosed a “bad” announcement on the evening of January 9, 2019. Cao Wenfa, the director of the company, plans to reduce his holdings of no more than 1835200 shares of the company through competitive trading within 6 months after 15 trading days.
Securities Daily (special area)
failure to honor a promise is not a simple act of dishonesty
The front page of Securities Daily commented that according to incomplete statistics, since December, the shareholding increase plans of important shareholders of nearly 20 listed companies have been changed or postponed. What’s more amazing is that the promises of listed companies not only do not fulfill their promises to increase their holdings, but greatly reduce their holdings and cash out. For whatever reason, failure to fulfill the promise is an act of dishonesty, not a simple act of dishonesty. In view of the fact that listed companies in the capital market are public companies and their behaviors have a wide range of influence, in addition to moral condemnation, even for the sake of maintaining market order, they should also supplement the shortcomings of relevant laws and regulations and carry out appropriate constraints.
last year, 43 Chinese enterprises listed in the United States. The “unicorn” is expected to accelerate the A-share listing
In 2018, the overseas listing of Chinese enterprises started a new upsurge. According to the data, in 2018, 43 Chinese enterprises were listed in the United States, a significant increase compared with 24 in 2017 and 10 in 2016.
at the beginning of the year, 14 companies disclosed repurchase plans, with a total repurchase amount of more than 10 billion yuan
At the beginning of 2019, the enthusiasm for A-share repurchase remained unchanged. As of yesterday, a total of 14 companies disclosed share repurchase plans during the year, and the upper limit of the total repurchase amount is expected to be RMB 10.833 billion.
Le Rong caused a new statement, and Jia Yueting’s debt to LETV decreased by nearly 4 billion yuan
On the evening of January 9, LETV announced that after Lerong Zhixin was no longer included in the scope of merger, according to preliminary statistics, up to now, the receivables of listed companies to major shareholders and their related parties in the scope of merger are about 2.84 billion yuan.
