China Securities Journal ( zone )
a number of detailed rules for the first priority risk prevention of financial supervision are expected to be improved
Insiders interviewed by China Securities Journal said that in 2019, the focus of financial supervision surfaced, and risk prevention is still the primary task. We need to pay close attention to the risk linkage caused by financial market fluctuations, financing gap caused by poor transmission of monetary policy, credit default risk, etc. Improving the detailed rules for the supervision of systemically important financial institutions, financial holding companies and local debt supervision is an important part of the board.
strategic placement fund welcomes the first restricted open subscription institution, and the expected sales return to rationality
In June 2018, six fund companies of Nanfang, Huaxia, e fund, harvest, huitianfu and China Merchants obtained approval to issue strategic placement funds. According to the regulations, the closed period of the six funds is three years and they are open for subscription once every six months. From the establishment on July 5, 2018, the market will usher in the first restricted open subscription period of the strategic placement fund in the five working days from January 7 to January 11, 2019. The views of all parties in the market are relatively cautious about whether the open subscription will usher in the popularity of the market.
lifting the ban and frequent clearing and reduction of shareholders
Both Xinjiang Torch Gas Co.Ltd(603080) and Penyao Environmental Protection Co.Ltd(300664) closed sharply on January 3, and both companies were reduced by shareholders’ “clearing”. According to the data, the first trading week in 2019 is the peak period for the lifting of the ban on restricted shares. A total of 73 listed companies lifted the ban on restricted shares, with a scale of 115.6 billion yuan.
reverse repurchase decreases without stopping, and the capital surface is relaxed
On January 3, the central bank continued to carry out reverse repurchase operation, and the operation scale increased with the increase of maturity. Market participants said that at the beginning of the month, the capital level returned to loose as scheduled, and the central bank reduced the hedging of maturing reverse repo, which resulted in a net return of liquidity, but demonstrated the attitude of actively managing liquidity and helped to stabilize market expectations.
Shanghai Securities News (special area)
IPO audit welcomes the “good start” and the two high-end manufacturing enterprises have successfully broken through
At the beginning of the new year, two high-end manufacturing enterprises opened the door of a shares. The CSRC announced on the evening of January 3 that the initial issues of Beken Corporation(603068) and Yes Optoelectronics (Group) Co.Ltd(002952) Co., Ltd. were approved. In 2019, the IPO audit ushered in a “good start”.
competing for the attractive cake of consumer finance, all kinds of capital focus on the license plate
The colder the winter, the more hopeful it is. The reporter of Shanghai Securities News recently learned that at the end of 2018, two licensed consumer financial institutions obtained capital increase from shareholders to reserve “food” for business expansion in the coming year. During the same period, the long stalled license approval suddenly opened, which renewed the hope of a number of companies who had been eyeing the license.
paper enterprises are busy raising prices, but the industry says Luoyang paper is expensive and difficult to reproduce
At the beginning of the new year, after experiencing a roller coaster market in 2018, the paper price returned to its original origin. Just after new year’s day, the major paper mills have issued intensive price increase notices. Will the restless paper prices make a comeback? On the quotation website of China’s mainstream paper enterprises, the reporter noted that on January 2, some paper mills raised the ex factory price by 100 yuan / ton. In addition, many Chinese paper enterprises also raised the purchase price of waste paper after new year’s day, with a price increase range of 50 yuan / ton to 100 yuan / ton.
the final unpaid “double insurance” plan of the controlling shareholder failed * ST Huangtai entered the countdown of suspension of listing
*St Huangtai announced on January 3 that for the sale of 69.55% equity of Gansu tangzhicai, a subsidiary of Shanghai Houfeng to the controlling shareholder, Shanghai Houfeng finally failed to pay the transfer price before the end of 2018, which means that the company’s goal of “double insurance” in 2018 can not be achieved. After the disclosure of the 2018 annual report, Shenzhen stock ownership decided to suspend the company’s stock trading.
Securities Times (special area)
the regulatory planning of Beijing Urban sub center was approved
After approving the master plan of xiong’an new area, the CPC Central Committee and the State Council recently approved the regulatory detailed plan of Beijing Urban sub center (block level) (2016-2035). According to the plan, Beijing Urban sub center will not engage in large-scale real estate development, will broaden investment and financing channels, and the population density of the urban sub center will be controlled within 9000 people / square kilometer.
to deepen financial reform and support the development of private economy
The central economic work conference proposed that the main contradiction in China’s economic operation is still the supply side structure, and we must adhere to the supply side structural reform as the main line. From the relationship between finance and real economy, finance belongs to the supply side. As the “blood” of the real economy, the quality and efficiency of financial services to the real economy is the key to this problem. Among them, the more realistic problem is how to serve the private economy well, and the corresponding deepening of reform in the financial field is more important and urgent.
rising risk aversion in the financial market, gold concept stocks bucked the trend and strengthened
With the recent intensification of global financial market turmoil and geopolitical uncertainty, global risk appetite has fallen, and the spot and futures prices of gold, as an international financial hedging tool, have been pushed up again. Affected by this, gold concept stocks in the A-share market rose against the market yesterday, and several stocks rose by more than 5%.
Jiangsu Zhongchao Holding Co.Ltd(002471) equity dispute settlement? The actual controller said that xintenghua’s commitment was a bad check
Jiangsu Zhongchao Holding Co.Ltd(002471) (002471) the drama of equity dispute staged a “sequel” again in early 2019. After the Jiangsu Zhongchao Holding Co.Ltd(002471) fourth extraordinary general meeting of shareholders dismissed Huang Jinguang from the post of chairman, Shenzhen xintenghua Asset Management Co., Ltd. filed a lawsuit to Wuxi intermediate people’s court, saying that the convening procedure of the meeting was wrong and the vote counting was wrong, and the resolution should be revoked. The announcement shows that the case will open on January 10.
Securities Daily (special area)
the effectiveness of the securities industry in rescuing private enterprises is gradually showing, and the asset management plan has been implemented
The reporter learned that all securities companies are actively promoting the implementation of a series of asset management plans. At present, 42 securities companies have promised to invest a total of 52.75 billion yuan. According to the latest data of China Securities Association, as of December 14, 2018, 28 securities companies had established 31 series asset management plans and 3 sub plans, with a total investment scale of 41.711 billion yuan.
targeted RRR reduction is expected to inject 770 billion yuan of liquidity into Inclusive Finance
In order to expand the coverage of the preferential policy of targeted RRR reduction of Inclusive Finance, guide financial institutions to better meet the loan needs of small and micro enterprises and benefit more small and micro enterprises, the people’s Bank of China has decided to adjust the examination standard of targeted RRR reduction of Inclusive Finance for small and micro enterprises from “single household credit less than 5 million yuan” to “single household credit less than 10 million yuan” from 2019. If the top grid calculation assumes that the listed banks meet the second standard after the caliber change, the liquidity will be released by about 770 billion yuan.
multi sectoral cooperation and release of stock pledge risk
After the role of the system mechanism for resolving the stock pledge risk in 2018, the stock pledge risk of A-share listed companies has been released to a certain extent. The industry generally believes that the risk will be gradually resolved this year. In order to resolve risks, maintain market stability and better serve the real economy, in the second half of 2018, policies orderly guided securities companies, insurance companies, local governments and other financial institutions in the capital market to set up special products to invest in enterprises with high risk of stock pledge.
the completion rate of share increase commitment is only 26%. The “promise breaking” custody letter of the controlling shareholder of great wall film and television
On January 2, 2019, the application for exemption from continuing to fulfill the commitment to increase shares proposed by the controlling shareholder of great wall film and television and the person acting in concert was opposed by the minority shareholders. On that day, because the commitment to increase shares was not fulfilled, the Shenzhen Stock Exchange also issued a supervision letter to the controlling shareholder of great wall film and Television Culture Enterprise Group Co., Ltd.
