China Securities Journal ( zone )
China railway plans to increase the number of new lines put into operation by 70%. The scale of railway investment is expected to reach a new high this year
On January 2, at the working meeting of China Railway Corporation, Lu Dongfu, general manager of China Railway Corporation, said that 6800 km of the new line will be put into operation in 2019. Among them, 3200 kilometers of high-speed rail. Industry insiders predict that the scale of railway investment will reach a new high in 2019, with a scale of more than 800 billion yuan.
foreign investment in financial subsidiary
It is reported that up to now, nearly 30 banks have announced the establishment of financial subsidiaries, of which a number of small and medium-sized banks have indicated that they intend to introduce strategic investors at an appropriate time. It is not ruled out that individual banks will consider starting to establish jointly with foreign financial institutions in the early stage of preparation. Brokerage analysts expect that there may be more than 50 financial subsidiaries, coupled with the continuous release of favorable conditions in China’s financial sector opening to the outside world, foreign financial institutions’ shareholding in financial subsidiaries is ushering in a “golden window period”.
the scale of equity financing decreased by nearly 30% in 2018. The underwriting business of head securities companies was “strong and strong”
In 2018, the total amount of equity financing raised in the A-share market reached 1208.735 billion yuan, down from 2017, and the initial offering, additional issuance and allotment decreased by 40%. From the perspective of individual securities companies, the top five securities companies with total equity underwriting funds have not changed their ownership, and the advantages of leading securities companies are obvious. Analysts believe that in 2019, the science and Innovation Board will bring new opportunities, and under the relaxed refinancing policy, the refinancing scale is expected to increase.
the catalogue of the first batch of encouraged generic drugs was launched in June
On December 29, 2018, the website of the National Health Commission released the work plan on accelerating the implementation of the policy on the supply guarantee and use of generic drugs, and released the first batch of drug catalogs to encourage generic drugs by the end of June 2019 to guide enterprises in R & D, registration and production. From 2020, the catalogue of drugs encouraged to copy will be released before the end of each year.
Shanghai Securities News (special area)
three varieties of 2019 commodity options are expanded, and opinions are solicited at the same time
The futures exchange of the previous period, the Zhengshang exchange and the Dachang exchange recently issued a notice to solicit opinions on the futures option contracts and relevant rules of natural rubber, cotton and corn respectively. Among them, the deadline for Soliciting Opinions on corn and cotton options is January 3, 2019. The deadline for Soliciting Opinions on natural rubber options is January 4, 2019.
“mother of electronic products” industry breeds great opportunities
On January 2, the Ministry of industry and information technology issued the printed circuit board industry specification conditions and the Interim Measures for the administration of printed circuit board industry specification announcement. It is proposed to encourage enterprises to become better and stronger, and promote the construction of a number of enterprises with international influence, leading technology and “specialization and innovation”.
the rectification “deadline” of non licensed institutions in different places is finalized, and the countdown of banks seeking licenses
On December 29, 2018, the China Banking and Insurance Regulatory Commission issued the guidance on regulating non licensed institutions in different places of banking financial institutions, requiring banking financial institutions to submit the rectification plan of non licensed institutions in different places to the legal person regulatory authority within three months, and complete the rectification within a one-year transition period after consent. If it is really difficult to complete the rectification within one year, the rectification time limit can be appropriately extended with the consent of the legal person regulatory authority.
Is equity secret struggle restructuring Xiamen Changelight Co.Ltd(300102) eager to restart a chance of winning?
After the reorganization proposal was rejected by the general meeting of shareholders, Xiamen Changelight Co.Ltd(300102) was “infatuated”. The company announced in the morning of January 2 that in view of the “good quality” of the underlying assets of the restructuring, it plans to continue to promote this transaction. According to the restructuring plan, Xiamen Changelight Co.Ltd(300102) plans to acquire 100% equity of Zhejiang borant, a sapphire substrate manufacturer, at a price of 650 million yuan by issuing shares and paying cash.
Securities Times (special area)
safe: carry out the pilot of foreign exchange revenue and expenditure facilitation of goods trade
In order to promote the formation of a new pattern of all-round, multi-level and wide-ranging opening-up and constantly deepen the reform of “release, control and service”, the State Administration of foreign exchange recently decided to carry out pilot projects to facilitate foreign exchange revenue and expenditure of goods trade in Guangdong, Hong Kong, Macao, Shanghai and Zhejiang Province, and support prudent and compliant banks to implement more convenient measures when handling trade revenue and expenditure for enterprises with good credit.
financial risk “slow breathing” the curtain of supply side structural reform of the financial industry opened
The central economic work conference clearly proposed to deepen the reform of the financial system focusing on the structural adjustment and optimization of the financial system. The meeting’s formulation of the objectives of financial system reform can be described as very specific, involving the return to the origin of regional banks such as urban commercial banks and rural commercial banks, the improvement of financial infrastructure, capital market reform, fiscal and tax system reform, and the transformation of government functions. It can be predicted that in 2019, the financial sector will usher in more “big events” of system and mechanism reform.
the closing price of treasury bond futures is at a record high. Institutions suggest to be vigilant against high risks
On the first trading day of the new year, the performance of A-Shares was weak, but the interest rate bond market continued to reach a new high. Yesterday, the Treasury bond futures rose sharply. The 5-year and 10-year Treasury bond futures both reached a new high in the past two years, and the 2-year closing price reached a new high in the past two years. However, despite the encouraging rise in the bond market, some institutions have turned cautious about the future market.
hairongtian negative impact fermentation * ST lion head exposed insider trading
After the Shanghai Stock Exchange reported a significant change from profit to loss due to the 2017 performance forecast, * ST lion head (600539) exposed insider trading again. On December 28, 2018, an administrative punishment decision released on the website of Qinghai securities regulatory bureau said that Tu Jing and Xie Feng were investigated and tried for the suspected insider trading of * ST lion head shares, and administrative punishment was imposed.
Securities Daily (special area)
the planning of xiong’an new area has been approved, and large-scale real estate development is strictly prohibited
With the consent of the CPC Central Committee and the State Council, the State Council has officially approved the master plan of xiong’an New District of Hebei (2018-2035) and issued it on January 2, 2019. The reply is clear, according to the phased construction objectives, orderly promote the development and construction of xiong’an new area, and strive to build an innovative development demonstration area that implements the new development concept. At the same time, the reply clearly establishes a housing system with multi-body supply, multi-channel guarantee and simultaneous rent and purchase, as well as a long-term mechanism for the stable and healthy development of the real estate market, and prohibits large-scale commercial real estate development.
foreign reserves will remain at about $3 trillion in 2019
Yi Gang, governor of the people’s Bank of China, recently said that in 2018, the central foreign exchange business center achieved a balance between the risks and benefits of foreign exchange reserve assets and made important contributions to serving the national development strategy and ensuring the national economic and financial security. By the end of November, the scale of China’s foreign exchange reserves was about US $3.09 trillion, which has remained basically stable in the past two years.
“niusan” manipulated the prices of 12 stocks and was fined and confiscated by the CSRC nearly 100 million yuan
On January 2, the CSRC disclosed a case of market manipulation. In this case, Zheng Lingbin controlled and operated the securities account of “Miao moumei”, and manipulated the prices of 12 stocks such as ” Sichuan Changhong Electric Co.Ltd(600839) ” through intraday lifting, false declaration on the daily limit, false declaration at the opening call auction stage, affecting the virtual opening reference price, intraday pressure and other abnormal trading behaviors, Obtain huge illegal income. According to the relevant provisions of the securities law, the CSRC fined and confiscated Zheng Lingbin a total of 95.7785 million yuan.
* ST Changsheng’s 2018 semi annual report was delayed for 4 months. At the end of the year, seven directors said that “authenticity, accuracy and integrity are not guaranteed”
On the evening of December 28, 2018, nearly four months later, the company disclosed this semi annual report. The report shows that in the first half of 2018, the company achieved an operating revenue of 688 million yuan, a year-on-year increase of 9.31%; The net profit was 252 million yuan, a year-on-year decrease of 4.61%; The net profit after deducting non-profit was 213 million yuan, a year-on-year decrease of 10.2%. However, at the board meeting, none of the seven directors present could guarantee the authenticity, accuracy and completeness of the contents of the 2018 semi annual report.
