China Securities Journal ( zone )
risk prevention and development promotion material into banking industry supervision main line
According to statistics, in 2018, the banking regulatory system published 3847 tickets, compared with 3138 in 2017, the high-pressure situation continued. Ten million yuan level tickets are not uncommon. From the cause of the case, credit violations, failure of corporate governance, chaos in financial business and illegal entry of funds into the real estate market and stock market are the hardest hit areas.
capital interest rate central downward monetary volume and price easing is expected
On January 7, the inter-bank market overnight repo rate dr001 fell below 1.4%; The most representative 7-day repo interest rate dr007 fell below 2.3%, widening the interest margin with the 7-day central bank reverse repo operation interest rate, highlighting the easing of short-term market funds.
nearly 60 companies have four types of assets with goodwill impairment risk, becoming a “Thunderstorm” high incidence area
As of January 7, 1244 listed companies had issued annual performance forecasts for 2018, with a disclosure scale of 30%. Nearly 60 companies indicated in the annual performance forecast that the signs of impairment of acquired assets or goodwill are expected to have an impact on the current performance.
frequent changes in senior executives in insurance companies in the new year New China Life Insurance Company Ltd(601336) rumors of a change in command and a sudden collapse in share prices
In the first week of 2019, the insurance industry set off a wave of personnel changes. New China Life Insurance Company Ltd(601336) it is rumored that the current chairman and CEO Wan Feng may not be re elected. On January 7, New China Life Insurance Company Ltd(601336) shares fell, closing down 6.72%. Analysts believe that the rumor of “change of command” has increased the market’s concern about the uncertainty of New China Life Insurance Company Ltd(601336) future development strategy to a certain extent, which may be the reason for the short-term decline of New China Life Insurance Company Ltd(601336) share price.
Shanghai Securities News (special area)
China’s economic report card appeared last year, and consumption and investment data will pick up
Since this week, the macro data for the last month of 2018 will be released one after another. From the perspective of leading economic indicators and market forecasts, the year-on-year increase of CPI will continue to decline slightly in December last year, and the annual increase of CPI is expected to be much lower than the inflation control target. Affected by factors such as falling oil prices, PPI may continue its downward trend, and the year-on-year increase will return to around 1%. In addition, institutions generally expect that with the acceleration of the pace of making up for weaknesses in infrastructure, the growth rate of infrastructure investment is expected to stabilize and drive the overall investment growth rate to rise slightly.
Civil Aviation Administration: this year’s fixed asset investment will strive to reach 85 billion yuan
At the national civil aviation work conference held on January 7, Feng Zhenglin, director of the Civil Aviation Administration, said that in 2019, we should strengthen the supply of infrastructure, strive to achieve 85 billion yuan of fixed asset investment, and spare no effort to promote the construction and operation preparation of Beijing Daxing International Airport.
“new infrastructure” is emerging, and the market is looking forward to the spring Market
Affected by the people’s Bank of China’s RRR reduction and fed chairman Powell’s partial dove speech, the world’s major stock indexes rose sharply. Analysts said that the people’s Bank of China’s RRR reduction has improved the market’s risk appetite. 2019 is expected to be a year for the full implementation of various favorable policies, and the risk appetite of A-Shares will be improved before the fundamentals. The “new infrastructure” sector with greater flexibility and partial growth is sought after by funds, which also shows that the risk appetite of the market is improving, and the market may be hesitant in spring.
Tianmu pharmaceutical “secretly promised life” and broke off the Great Wall department’s capital chain crisis
At the beginning of the new year, the news of Tianmu pharmaceutical’s “secret promise for life” was made public by an announcement. Tianmu pharmaceutical announced on January 4 that it received a notice from the great wall film and television group and the actual controller Zhao ruiyong. It received a notice from the Shandong Provincial High Court to accept the case. Contract disputes such as Hengqin Sanyuan qinde Asset Management Co., Ltd. v. great wall film and television group have been filed for trial. The shares held by great wall film and television group are at risk of being preserved and sealed up.
Securities Times (special area)
Liu Shiyu hopes that the campus of capital market college will be opened
Yesterday, the campus of capital market college was officially opened. Liu Shiyu, party secretary and chairman of CSRC, and Chen Rugui, deputy secretary of Shenzhen Municipal Party committee and mayor of Shenzhen, unveiled the campus, putting forward requirements and hopes for the next work of the college. Capital market institute is a professional education and training institution of capital market jointly organized by CSRC and Shenzhen municipal government.
the CSRC should pay attention to the deep-seated problem of punishing “high growth”
A number of listed companies were punished or put on criminal record by the CSRC for concealing major environmental pollution. With the lessons of these listed companies, it can virtually promote listed companies to enhance their awareness of environmental protection and pay attention to their own environmental protection problems. Recently, the CSRC reported the administrative punishment in 2018. In 2018, the CSRC made 310 administrative punishment decisions, with a fine of 10.641 billion yuan and a ban on 50 people in the market. Among them, the amount of fines and confiscations exceeded 10 billion yuan, which is very eye-catching.
Hualuo Yiwu Zhejiang China Commodities City Group Co.Ltd(600415) harvest gift bag
On January 7, 2019, the news that the framework scheme of Yiwu International trade comprehensive reform pilot zone was approved was officially confirmed. It is reported that the Zhejiang provincial Party committee and government approved the framework plan of Yiwu International trade comprehensive reform pilot zone on January 4. This marks a new chapter in the development of Yiwu, and also means that Yiwu local listed companies represented by small commodities (600415) will usher in new opportunities.
“Zhongtian system” wants to restructure st Yangfan’s board of directors, which is sniped
On January 18, St Yangfan (600421) will hold the first extraordinary general meeting of shareholders in 2019. Unexpectedly, it is only 10 days away from the general meeting of shareholders, and the originally planned agenda is full of twists and turns. St Yangfan announced on the evening of January 7 that Wuhan New Generation Technology Co., Ltd. (hereinafter referred to as Wuhan new generation), a shareholder holding 17.5% of the company’s shares, put forward an interim proposal on January 7 and submitted it in writing to the convener of the general meeting of shareholders. The shareholders’ meeting involves the change of the board of directors and the board of supervisors of St Yangfan. However, Wuhan new generation is in court with the nominated candidate of Hengshun investment.
Securities Daily (special area)
the central bank’s “three arrows” policy combination “replenishes blood” for private enterprises, small and micro enterprises
The central bank proposed the “three arrows” policy combination to guide financial institutions to increase their support for private enterprises, small and micro enterprises from the aspects of credit, bonds and equity. With the gradual implementation of relevant measures, it is expected that more funds will be directed to private enterprises, small and micro enterprises, so as to effectively improve their financing environment.
the local government’s real gold and silver support enterprises on the science and technology innovation board Jinan will reward 6 million yuan
The reporter noted that in this list of policies to support the high-quality development of the real economy in Jinan, there are 10 supporting policies to promote the listing and direct financing of enterprises in detail. In addition to a one-time subsidy of 6 million yuan for enterprises listed on the science and innovation board, there are also “a one-time subsidy of 8 million yuan for enterprises listed on major overseas stock exchanges, and a subsidy of 8 million yuan for enterprises that realize initial financing after listing according to the financing amount (subject to the actual entry RMB) with reference to the specified standards”.
rent deduction of individual income tax raises concerns about tax payment and rent increase. The State Administration of Taxation said it was “still studying”
Recently, the deduction of individual income tax by rent has aroused widespread concern. Landlords are worried about paying tax, and tenants are worried about the rise of rent. In this regard, a person from the State Administration of Taxation told the Securities Daily yesterday, “this matter involves the State Administration of Taxation, the Ministry of finance, the Ministry of housing and urban rural development and other departments. It is still under study. It is not the State Administration of Taxation alone that can decide.”
5.5 billion yuan to acquire the target non venture capital enterprise? TONGCHAN Lixing’s reply was accused of lack of persuasion
After a delay of about two weeks, TONGCHAN Lixing’s reply to the inquiry letter of the Shenzhen Stock Exchange was finally “late”. On January 5, 2019, in its reply to the inquiry letter, TONGCHAN Lixing made it clear that the target enterprise to be acquired by the company with RMB 5.5 billion does not belong to venture capital enterprises or financial institutions, and this reorganization does not belong to the reorganization and listing stipulated in Article 13 of the reorganization management measures.
