China Securities Journal ( zone )
Deng Ge, deputy director of the Listing Supervision Department of the CSRC: encourage the support of the new economy through mergers and acquisitions Shenzhen New Industries Biomedical Engineering Co.Ltd(300832)
On the 17th, Deng Ge, deputy director of the Listing Supervision Department of the CSRC, said at the 2018 Henan enterprise listing and refinancing training meeting jointly sponsored by Central China Securities Co.Ltd(601375) and Dacheng Law firm that he encouraged to support national innovation driven development strategies such as the new economy and Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) through mergers and acquisitions, use industrial integration to serve the supply side structural reform, and promote the excellence and expansion of state-owned enterprises The leapfrog development of private enterprises will enable the capital market to better serve the transformation and upgrading of the real economy.
the head effect is getting stronger and the fund issuance differentiation is obvious
Since this year, the “head effect” in the fund issuance market has become more and more obvious: the products represented by the special account of Ruiyuan fund phase I have raised more than 10 billion, which has become one of the highlights in the weak A-share market. At the same time, the initial raising scale of several equity and bond index products has also exceeded 10 billion recently; On the other hand, many fund companies also reflect that the issuance is difficult in the current market environment. There are not a few public funds that barely reach the establishment threshold of 200 million yuan, and even the cases of issuance failure are increasing gradually.
the annual performance differentiation was obvious, and the concentration of the real estate industry was further improved
As of December 17, 27 A-share real estate enterprises had released the annual performance forecast for 2018, with a pre happy ratio of 55.56% and obvious industry differentiation. The total net profit and performance growth rate of some leading companies are at a high level. Some companies’ real estate business is stagnant, even with poor management and serious losses. They gradually peel off the main real estate business and transform to other industries. Meanwhile, since 2018, the sales momentum of the first tier real estate enterprises has been good, and the sales performance of some leading companies in the first November has far exceeded that of last year. In terms of land acquisition, the concentration was further improved. The land acquisition of the first echelon enterprises is relatively strong, but the average floor price has declined significantly.
Beijing Wandong Medical Technology Co.Ltd(600055) the actual controller was publicly condemned
On December 17, the Shanghai Stock Exchange disclosed that Wu Guangming, the actual controller of Beijing Wandong Medical Technology Co.Ltd(600055) and then chairman of the board of directors, had irregularities in share trading. The Shanghai Stock Exchange decided to publicly condemn him and publicly determined that he was not suitable to serve as the “director, supervisor and senior manager” of a listed company within three years.
Shanghai Securities News (special area)
36 banking and insurance regulatory bureaus jointly unveiled the provincial and municipal two-level regulatory framework
At 10:00 on December 17, the agency of the China Banking and Insurance Regulatory Commission held a unified unveiling ceremony. The reporter of Shanghai Securities News learned that the unveiling involves 36 provincial-level bancassurance bureaus under the CBRC, and the listing of other Prefecture and municipal branches will be completed by the end of the year.
tens of billions of funds increase their holdings of convertible bonds, and the momentum of social security is the strongest
Since the beginning of this year, the Shanghai and Shenzhen stock markets have increased their holdings of convertible bonds by tens of billions of yuan. According to the position data of Shanghai stock market in November, more than 20 billion yuan of funds have been allocated to convertible bonds this year. However, in the context of the downturn in the stock market this year, the allocation structure of convertible bonds has undergone great changes. Most notably, the long-term funds represented by social security funds came from behind and became the main force of increasing holdings, while the proportion of fund positions decreased slightly.
prevent liquidity risk. The short-term financial bond base exceeding 600 billion will cancel the scale ranking
Recently, China Securities Investment Fund Industry Association held a fund evaluation business symposium, requiring fund evaluation institutions to weaken their attention to the company’s management scale and no longer publish ranking data including the scale of short-term financial bond base. Fund management companies will not be able to publicize the scale ranking and yield of short-term financial bond base through various channels. This means that after the public offering ranking was no longer published last year, the short-term financial bond base of more than 600 billion yuan will withdraw from the scale ranking disclosure at the end of the year.
two shareholders abstained Henan Shenhuo Coal&Power Co.Ltd(000933) whether the real estate business was stripped
Henan Shenhuo Coal&Power Co.Ltd(000933) it was disclosed today that at the extraordinary general meeting held yesterday, the company’s proposal to transfer 100% equity of Henan Shenhuo Guangming Real Estate Development Co., Ltd. involving related party transactions was rejected. According to the review announcement, on November 21 this year, Henan Shenhuo Coal&Power Co.Ltd(000933) convened the board of directors to consider and approve the proposal to divest the real estate business. The announcement said that in order to adjust and optimize the asset structure, focus on the main business and improve the company’s core competitiveness, the company plans to transfer 100% equity of heguangming real estate held by Shenhuo Group by agreement, with a transfer price of 415 million yuan.
Securities Times (special area)
the standards of the science and innovation board are stricter. All parties actively sort out the reserve enterprises
The scientific innovation board and the pilot of the registration system have become the “test field” of China’s capital market reform. Many conjectures have been circulated among all parties involved in the market. The reporter learned that at present, the Shanghai Stock Exchange has completed the draft scheme of establishing the science and innovation board and pilot registration system, and is revising and improving the draft in combination with the opinions and suggestions of all market participants.
auto insurance is independently priced by the insurance company: the premium varies from many months to one month
The pilot reform of independent pricing of commercial auto insurance in Shaanxi, Guangxi and Qinghai launched in September has been running for nearly three months. The reporter of the securities times learned from insurance companies and economic agent companies that the commercial vehicle insurance premium in the pilot area is changing the old appearance that remained unchanged for many months, and now it is changing every month or even every week. This means that insurance companies under the general trend of commercial vehicle insurance fee reform are walking to the “watershed”, and the era of fine management of vehicle insurance is coming.
the 5g networking strategy of the three major operators is becoming increasingly clear, and the investment will reach 10 billion next year
5g business ushered in the countdown. With the improvement of 5g standards and the continuous promotion of relevant tests, operators have a more positive attitude towards 5g investment and deployment. In December, the industry authorities first issued 5g test spectrum to the three operators, and then the operators also gave a positive response. At present, the 5g networking strategy of the three operators has been basically determined, and the 5g investment expenditure of the operators in the first year of 5g (2019) will reach 10 billion.
the infighting of the board of directors of Zhenxing biochemical was reported
Although it has successfully become the major shareholder of Zhenxing biochemical through tender offer, it is still difficult for Zhejiang private enterprise joint investment Co., Ltd. (hereinafter referred to as “Zhejiang mintou”) to really control the listed company. On the evening of December 17, Zhenxing biochemical announced a resolution of the board of directors, highlighting the entanglement between Zhejiang mintou and Zhenxing group. The announcement shows that on December 14, Chen Geng, chairman of Zhenxing biochemical, organized and held an interim Board of directors and put forward seven proposals, including revoking the shareholder decision of Guangdong Shuanglin biopharmaceutical Co., Ltd.
Securities Daily (special area)
the central bank carried out 160 billion yuan reverse repurchase to stabilize the capital level
In order to hedge the impact of tax period, payment for the issuance of government bonds and legal deposit reserves deposited by financial institutions, and maintain the reasonable and abundant liquidity of the banking system, on December 17, the people’s Bank of China carried out RMB 160 billion reverse repurchase operation by means of interest rate bidding, ending the reverse repurchase window for 36 consecutive trading days.
in November, the average interest rate of first home loans was ranked as “top 10” in the same frame for the first time
The data show that in November this year, the average interest rate of the first house loan in China was 5.71%, equivalent to 1.165 times of the benchmark interest rate, the same as that in October, ending the rise for 22 consecutive months; Compared with 5.36% of the average interest rate of the first house loan in November last year, it increased by 6.53%. Among the top ten cities with the lowest average interest rate for first home loans, Beijing, Shanghai, Guangzhou and Shenzhen were all listed for the first time.
The three departments of issued a notice to continue to exempt mainland people from individual income tax on buying and selling Hong Kong funds
Yesterday, the Ministry of finance, the State Administration of Taxation and the CSRC issued the notice on continuing to implement the individual income tax policies related to the mutual recognition of funds between the mainland and Hong Kong, clarifying the individual income tax policies related to the mutual recognition of funds between the mainland and Hong Kong. The notice indicates that the income from transfer price difference obtained by mainland individual investors through mutual fund recognition and trading of Hong Kong fund units will continue to be exempted from individual income tax from December 18, 2018 to December 4, 2019.
* ST Huangtai plans to peel off loss assets and “protect the shell” at the end of the year. It is still facing civil litigation disputes
Recently, * ST Huangtai announced that the company signed the equity transfer agreement with the controlling shareholder Shanghai Houfeng on December 6 to transfer 69.5525% of the equity of Gansu tangzhicai grape wine industry Co., Ltd. to the controlling shareholder Shanghai Houfeng at a transfer price of 157 million yuan. The transaction still needs to be considered and approved by the general meeting of shareholders. The company will hold the sixth extraordinary general meeting of shareholders on December 25 to consider the proposal.
