China Securities Journal ( zone )
a number of market access applications for foreign banks and insurance institutions have been approved
Recently, the CBRC approved Hong Kong Jiyou Bank Co., Ltd. to build Shenzhen Branch and Germany Allianz Insurance Group to build Allianz (China) Insurance Holding Co., Ltd. Among them, Allianz (China) Insurance Holding Co., Ltd. will become the first foreign insurance holding company in China.
the suspense of positive repurchase reappears. Liquidity should be abundant and more reasonable
Analysts believe that the recent monetary policy operation has highlighted the positioning of “reasonable abundance” of liquidity, and the abundance of liquidity should be more reasonable. This does not mean that the central bank’s monetary policy will be tightened, but it will face constraints if it is greatly relaxed. If the RRR and even interest rate cuts continue in the future, they may still be carried out in a directional and structural way.
accelerated implementation of bond financing support tools for private enterprises in many places
Shanghai, Sichuan, Guangdong and other places are actively promoting the implementation of bond financing support tools for private enterprises. Insiders believe that the central bank’s proposal to establish a bond financing support tool for private enterprises provides a transparent and market-oriented tool for the pricing of credit risk and helps to repair the external financing environment of private enterprises.
the first annual report of basic pension appeared, and the annual investment income was 8.783 billion yuan
China Securities Journal reporter learned from the National Social Security Fund Council on the 25th that in 2017, the investment income of the basic endowment insurance fund was 8.783 billion yuan, with an investment return rate of 5.23%. This is the first time that the basic endowment insurance fund has disclosed the annual investment income. By the end of 2017, the basic old-age insurance fund had accumulated investment income of 8.819 billion yuan since it was entrusted to operate in December 2016.
Shanghai Securities News (special area)
“investigate” and “uncover” the bottom! Shanghai Stock Exchange on-site inspection
Recently, the Shanghai and Shenzhen Stock Exchange, known as the “strictest new rules for suspension and resumption in history”, officially released the business guidelines for suspension and resumption of trading by Listed Companies in planning major events (Draft for comments). Among them, the “power” of one rule can not be ignored: for the abuse of suspension, undue delay in resumption, refusal to resume trading at the expiration of the period, the Shanghai stock exchange can take on-site inspection Supervise and urge the compulsory resumption of trading and other regulatory measures.
the bull market in US stocks plays the “final song” and the Federal Reserve may raise interest rates early next year or suspend
November 23 is the beginning of the traditional “Black Friday” shopping season in the United States, but the continuous decline of technology stocks and the continuous “diving” of oil prices have made the three major stock indexes in the United States experience the worst “Black Friday” since 2011. Insiders believe that the bull market in the US stock market has entered the end of the cycle. It is expected that the Federal Reserve will suspend interest rates early next year to remove the stock market bubble.
PPP regulations on building a long-term mechanism for standardized operation are expected to be issued by the end of the year
“From 2017 to 2018, it is a year of ‘scraping bone and treating poison’ for PPP.” At the 4th China PPP Financing Forum 2018 held recently, Jiao Xiaoping, director of the PPP center of the Ministry of finance, spoke about the rectification of the PPP industry in the past year, and also showed that the whole industry is standing at a new starting point of standardized development.
when the premium rate goes down, real estate enterprises no longer have “money and willfulness”
In 2018, under the main tone of “housing, housing and non speculation”, the regulation of the real estate market continued to deepen, the transaction price and premium rate in the national land market continued to decline, and the overall cooling trend may continue until 2019. As of November 22, the land market has gradually stabilized, and the premium rate of land transfer in most hot cities has remained low, basically around 10%, significantly lower than the average premium rate of 30% from 2015 to 2017.
Securities Times (special area)
firmly optimistic about the Chinese market, foreign capital seeking public fund license
After having various qualifications such as qualified foreign institutional investor (QFII), joint venture fund company, qualified domestic limited partner (qdlp) and private placement manager, with the liberalization of policies, foreign investors have transmitted their interest in China’s public fund license. This step-by-step promotion shows that it is optimistic about the Chinese market and the wealth management industry for a long time.
deregulation of repurchase gives the company autonomy and strictly avoids homogenization speculation
On October 26 this year, the Standing Committee of the National People’s Congress deliberated and adopted the decision to amend the company law. The China Securities Regulatory Commission, the Ministry of Finance and the SASAC have made a number of “deregulation” arrangements for share repurchase. The Shanghai and Shenzhen Stock Exchange recently issued a draft of the detailed rules for the implementation of share repurchase by listed companies. This series of combined punches is expected to deregulate the share repurchase of Chinese listed companies.
this week, 34 listed companies lifted the ban on 2.044 billion shares
According to the arrangement of Shanghai and Shenzhen Stock Exchange, the restricted shares of 34 companies in the two markets were lifted and listed this week, with a total of 2.044 billion shares, accounting for 0.23% of the non lifted restricted a shares. Among them, there are 600 million shares in Shanghai stock market, accounting for 0.14% of the total number of restricted shares in Shanghai stock market, and 1.445 billion shares in Shenzhen stock market, accounting for 0.33% of the total number of restricted shares in Shenzhen stock market.
equity transfer + voting power entrustment Zhejiang Yilida Ventilator Co.Ltd(002686)
On the evening of November 25, Zhejiang Yilida Ventilator Co.Ltd(002686) announced that Zhang Qizhong, the actual controller of the company, Chen Xinquan and MWZ Australia Pty Ltd (hereinafter referred to as “MWZ”) signed an agreement with Zheshang assets to transfer a total of 67.4466 million shares of the company to Zheshang assets, accounting for about 15.22% of the total share capital of the company; Meanwhile, Zhang Qizhong plans to entrust the voting rights corresponding to 35.4466 million shares (about 8% of the total share capital of the company) to Zheshang assets, which will lead to the actual controller of the company becoming Zhejiang SASAC.
Securities Daily (special area)
Shanghai and Shenzhen stock exchanges regulate the link between high transfer and performance growth
The disclosure of the high transfer scheme by a listed company shall comply with the laws and regulations, the accounting standards for business enterprises, the articles of association and other relevant provisions, and its share transfer proportion shall match the performance growth. It shall not use the high transfer scheme to cooperate with the shareholders to reduce their holdings or lift the ban on restricted shares, and shall not use the high transfer scheme to engage in illegal acts such as insider trading and market manipulation.
fell below 2600 points to stimulate the enthusiasm of funds to enter the market, and 158 stocks received a large order of more than 10 million yuan
After the Shanghai index crossed the 2700 point integer mark last Monday, it entered the adjustment process. As of the close of last Friday, the Shanghai index had fallen below 2600 points to close at 2579.48 points, with a cumulative decline of 3.72% last week. Analysts believe that despite the adjustment trend of stock indexes in Shanghai and Shenzhen last week, the overall valuation of A-Shares has been low. With the decline of market interest rates, the basis for valuation expansion has been preliminarily established. The inflow of long-term funds such as foreign capital will support the improvement of liquidity of a shares, and the net inflow of large single funds into individual stocks deserves special attention. Statistics show that last week, a total of 158 stocks accumulated a net inflow of large single funds of more than 10 million yuan, attracting a total of 9.031 billion yuan. Today’s Japan daily specially analyzes and interprets the above stocks from the perspectives of market performance, performance and institutional rating for investors’ reference.
the box office broke the record of 55.9 billion yuan in the year, and domestic films rose to the top three at the box office
According to the data, as of 14:05 on November 25, 2018, the box office of China Film Co.Ltd(600977) in 2018 reached 55.9 billion yuan, surpassing the annual results in 2017 and setting a new record in the Chinese market. A feeling of exaltation upon fulfillment of the movie is still a year of domestic film. Although the market make complaints about the bad film, the top three are domestic films.
Giant Network Group Co.Ltd(002558) the shareholder to be purchased signs a bet against Shi Yuzhu to transfer part of the equity
On November 23, Giant Network Group Co.Ltd(002558) issued the report on issuing shares to purchase assets and related party transactions (Draft) (hereinafter referred to as the “draft”), which disclosed the details of the transaction plan for the acquisition of Israeli company playtika, including the performance commitment to increase the maximum four-year net profit of 10.3 billion yuan. This is the latest development of the restructuring plan.
