China Securities Journal ( zone )
Li Chao: welcome more overseas long-term funds to invest in China’s capital market
Li Chao, vice chairman of China Securities Regulatory Commission, pointed out at the Symposium on China’s capital market and global asset allocation on the 13th that China’s economy has entered a high-quality development stage, the transformation of old and new kinetic energy has been accelerated, the economic structure has been continuously optimized and the quality of development has been continuously improved. The driving force for the development of the capital market is stronger, the ability to serve the real economy has been improved, various measures to prevent and resolve major financial risks are being effectively implemented, and major measures to deepen reform and opening up have been launched one after another. More overseas long-term funds are welcome to invest in China’s capital market.
the net flow of main funds into the infrastructure industry chain is sought after
On the 13th, the market changed its recent downturn, the three major stock indexes rose in large quantities, and the two cities reappeared the pattern of general rise. The main capital regained net inflow after 7 trading days, laying a long foreshadowing for the remaining trading days in 2018. The analysis pointed out that the recent market wait-and-see mentality has led to the continuous outflow of main funds. With the re boost of market confidence, the future outflow is expected to slow down gradually.
triple cycle superimposed shipping plate enters the repair channel
The concept of airport shipping continued to be popular yesterday. Industry insiders said that aviation is a cyclical industry, which is the result of the superposition of supply and demand, oil price and exchange rate. At present, the valuation of the aviation sector is at a low level, the negative impact of early disturbance factors is mitigated, and there is a repair power. The supply and demand structure is upward, the disturbing factors gradually turn to positive, and the aviation sector will obtain excess returns in the medium and long term.
the speed of financing life and death intensifies the polarization of real estate enterprises
Since the fourth quarter, with the decline of sales growth and the advent of debt repayment peak, the financing pace of real estate enterprises has been accelerating, but the financing cost has reached a new high in recent three years. In this context, many leading real estate enterprises with sound finance expanded against the trend by virtue of low financing costs. When many small and medium-sized real estate enterprises were forced to slow down their land acquisition speed and reduce their liabilities, they attacked cities and occupied land, and the market differentiation further intensified.
Shanghai Securities News (special area)
help the strategic upgrading of the Yangtze River Delta industrial Internet identity analysis national top node (Shanghai) officially launched
The “signing and launching ceremony of the national top node of industrial Internet identification analysis (Shanghai)” jointly sponsored by Shanghai Municipal Commission of economy and information technology and China Institute of information and communication was held in Shanghai on December 13. The Ministry and city signed a cooperation contract to jointly promote the official launch and operation of the national top node of industrial Internet identification analysis (Shanghai). For the industrial Internet, the identification analysis system is the core resource and important infrastructure. It is the nerve hub supporting the interconnection of all things in industry. It also gives a unique “ID card” to each product, parts, machinery and equipment of the enterprise.
EU will increase poultry import quota to China
China is the second largest poultry meat producer in the world, but the EU has not given a corresponding position to the Chinese market in the global quota. After years of negotiation, the Ministry of commerce finally reached an agreement with the EU at the end of November and won a new poultry meat quota. It is expected that the EU will open the quota in the first quarter of 2019. Industry insiders have said that relevant industries will usher in favorable export.
a number of listed environmental protection companies are taking the lead, and xiong’an’s large-scale infrastructure is about to start
On December 13, Chen Gang, member of the Standing Committee and vice governor of Hebei provincial Party committee, Secretary of the Party Working Committee and director of the Management Committee of xiong’an new area, said that the quiet behind the establishment of xiong’an New Area 19 months ago was actually carefully building a planning system and policy system to support the high-quality development of the new area, which laid a solid foundation for the large-scale development and construction of xiong’an new area.
multiple bank accounts of Omar electric appliance were frozen
Omar electric announced on the evening of the 13th that the equity of several bank accounts, subsidiaries and joint-stock companies of the company were subject to judicial freezing. As of the 13th, 26 bank accounts of the company and its subsidiaries had been frozen, with a total amount of 690 million yuan. The reason is the company’s financial loan disputes.
Securities Times (special area)
Yan Qingmin: listed companies should focus on industry and improve their ability to resist risks
Yan Qingmin, vice chairman of the CSRC, said at the China Central Television financial forum and China listed company summit that legal operation is the bottom line of the company’s development. Listed companies should improve their competitiveness, strengthen internal control, improve management level, focus on industry, refine their main business, and learn from the blind expansion, extensive development and Learn from frequent risks and improve the ability to resist risks.
the preferential tax policies for venture capital are clear, and the construction of ecological system has a long way to go
The State Council has decided to implement the income tax preference and the latest policy to promote the development of venture capital, which has doubled the confidence of the venture capital community. At the same time, it also means that there is a clear implementation plan for the previously controversial issue of how to pay tax for venture capital funds. Behind the policy, it more reflects the spirit of caring for the real economy. The healthy development of the venture capital industry has a great supporting effect on the real economy. Reducing taxes and reducing burdens will effectively mobilize the investment enthusiasm of venture capital institutions. Cultivating a good venture capital environment requires not only tax support, but also the improvement of policies, laws and regulations, the investment of long-term capital sources and the optimization of regulatory environment.
the short-term risk of equity pledge has been curbed, and the long-term pressure remains
With the help of policies, state-owned assets and market participants, the risk of equity pledge has been alleviated. The scale of equity pledge in the A-share market has decreased for six consecutive weeks, but under the current market environment, some companies still face the case of hitting the “position explosion” line again after the market value of equity pledge continues to decline. Some market participants believe that with the arrival of the peak of pledge maturity, there is still a certain pressure on the liquidity risk of enterprises.
Hongte technology was asked to divest Internet financial assets
Under the storm of P2P platform overdue, listed companies involved in Internet finance have also transferred their mutual gold assets to get rid of the relationship. On December 12, Hongte Technology (300176) announced that it planned to transfer 100% equity of its two wholly-owned subsidiaries engaged in Internet financial business to Dongguan derived Libra Information Technology Co., Ltd. at a transaction price of 129 million yuan. On December 13, the Shenzhen stock exchange sent a letter asking whether the related party transactions harmed the interests of listed companies.
Securities Daily (special area)
the central bank has a high probability of reducing the reserve requirement at the end of the year without reverse repurchase in 35 trading days
On December 13, the people’s Bank of China issued an open market business transaction announcement, saying that at present, the total liquidity of the banking system is at a reasonable and sufficient level, which can absorb the influence of factors such as the issuance and payment of treasury bonds, and no reverse repurchase operation will be carried out on December 13, 2018. This is also the people’s Bank of China suspended reverse repo operations for 35 consecutive trading days, breaking the record of continuous suspension.
the history of domestic “Gleevec” being more expensive than Indian drugs will end
Recently, the proposed winning results of centralized drug procurement in 4 + 7 cities were announced. Jiangsu Haosen pharmaceutical won the bid for imatinib mesylate tablets, and the bid winning price was 623.82 yuan / box. According to media reports, the price reduction of the drug is about 24% compared with the average winning price in recent three years. It is worth mentioning that an expert participating in the centralized drug procurement organized by the state said in an interview with the reporter of Securities Daily that this drug is cheaper than Indian generic drugs after medical insurance reimbursement.
the valuation of the home appliance sector is close to the historical bottom, with more than 1.2 billion yuan going north to raise three leading stocks
Yesterday, the three major stock indexes rose across the board, among which the home appliance sector led the rise. Some brokers said: in 2018, due to the impact of the post real estate cycle and the high inventory of industry channels and the slowdown of performance growth, with the decline of market preference, the valuation of the home appliance sector is currently 12.44 times, which is close to the bottom of the valuation in 2012, and the configuration value is prominent.
Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) executives plan to reduce their holdings and investors complain
Recently, Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) issued a senior management reduction plan, with a total proposed reduction of no more than 490000 shares. After the chairman’s deceptive increase and the failure of the third restructuring, the executive reduction plan made Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) fall into the trust crisis of small and medium-sized investors again.
