China Securities Journal ( zone )
Li Chao, vice chairman of the CSRC: promoting the digital transformation of the securities and futures industry
Li Chao, vice chairman of the CSRC, said at the 2018 Shenzhen Stock Exchange Technology Conference on the 21st that the securities and futures industry should deeply grasp the development opportunity of the integration of digitization, networking and intelligence, effectively enhance the sense of responsibility and urgency, actively practice the concept of digital development, make great efforts to make up for weaknesses, strengths and weaknesses, and promote the digital transformation of the industry.
how to invest next year
According to the article on the front page of the China Securities News, looking forward to next year, many brokerage institutions believe that the macro economy is expected to bottom in the second half of the year; Market supply and demand pattern, policy implementation effect and international strategic change will become the key factors affecting the market in 2019. At the same time, the goodwill impairment of growth stocks is expected to be further cleared in 2019. Next year, the long-term interest rate will drop slightly, which will benefit the valuation of growth stocks. In addition, the capital market reform will improve the stock market liquidity and risk appetite. Next year, the style of A-share market may be more scientific and technological.
deduce the “growth” story, and the logistics sector has entered the investment 2.0 era
The annual “double 11” is not only a sales feast for online platforms, but also an important play for logistics companies at the end of the year. Data show that this year’s “double 11” e-commerce generated a year-on-year increase of 25.1%. It is expected that the arrival of e-commerce shopping festivals such as “double 12” will further stimulate the rise of express business. According to the analysis, the demand boom of the express industry is still high. It is expected that the industry is expected to maintain a growth rate of more than 20% next year, and express companies with significantly improved long-term market share and high network operation efficiency will gain greater development space.
Xiamen Changelight Co.Ltd(300102) behind the major shareholders, the gold Lord appeared, and the “secret war” between the two camps was imminent
Xiamen Changelight Co.Ltd(300102) recently released a detailed equity change report, which disclosed the details of Fujian Zhuofeng’s increase of 1.01% equity of the company. The first and third shareholders of Fujian Zhuofeng and Xiamen Changelight Co.Ltd(300102) are mainly funded by Sansheng Group Co., Ltd. Earlier Xiamen Changelight Co.Ltd(300102) did not disclose the relevant investment of Sansheng group. This time, it took the initiative to declare its position as the gold owner. At present, Xiamen Changelight Co.Ltd(300102) shareholders have formed two camps: Sansheng group and nanyie group, a “secret war” or imminent.
Shanghai Securities News (special area)
formulate policies and plans to reward local governments to promote the development of science and innovation industry
Since the news that the science and Innovation Board will be set up in Shanghai Stock Exchange and the pilot registration system has been released, all kinds of scientific and technological innovation enterprises are looking forward to it. Recently, local governments have also issued relevant plans and incentive policies to promote the innovation and development of science and technology enterprises. At the level of specific measures, all localities have prepared to build scientific and technological innovation platforms such as provincial laboratories and innovation centers, issued policies and carried out pilot projects to solve the financing problems of scientific and technological enterprises.
the callback can not stop the mobilization of leveraged funds. The financing balance below 2700 points continues to rise
If the time axis is lengthened, the recovery of the balance of the two financial institutions has become a recent trend. Since November 12, the two financial balances of Shanghai and Shenzhen stock markets have risen for four consecutive days, and only last Friday (November 16) had a slight drop of 1.294 billion yuan. On Monday (November 19), the balance of the two financial institutions resumed growth again. This may mean that the market trading atmosphere has recovered and the financier sentiment has been repaired.
deregulation of M & A + PE actions in A-share market of science and innovation board
According to incomplete statistics, with the deregulation of M & A policies and the imminent emergence of the science and innovation board, more than 10 listed companies have planned to transfer part of their equity to investment companies or asset management companies. At the same time, dozens of listed companies plan to jointly establish industrial investment funds with PE.
Xingmin Intelligent Transportation Systems (Group) Co.Ltd(002355) the major shareholder transferred the controlling right of RMB 1.4 billion
It was disclosed on the evening of November 21 that Wang Zhicheng, the controlling shareholder and actual controller of the company, signed the share transfer agreement with Sichuan Shengbang chuangheng Enterprise Management Co., Ltd. Wang Zhicheng plans to transfer 174 million shares of the company to Shengbang chuangheng, with a total transfer price of 1.4 billion yuan. The controlling shareholder and actual controller of the company will change.
Securities Times (special area)
the suspension time for the issuance of shares for reorganization shall not exceed 10 trading days
In recent years, with the joint efforts of all parties, the problems of “arbitrary suspension”, “arbitrary suspension” and “long-term suspension” of listed companies have been effectively alleviated. The number of companies suspended in Shenzhen has decreased from about 9% in 2016 to about 1.4% at present, and the number of Companies suspended for more than three months has decreased from 68 before the issuance of the “suspension and resumption business memorandum” to 14 at present. At the same time, since the issuance of relevant business guidelines in 2014 and 2016, the suspension frequency of Listed Companies in Shanghai stock market has decreased year by year, the suspension duration has been compressed as a whole, the suspension of large blue chips has been effectively restrained, and the suspension and resumption of trading has been resolved in stages.
A-Shares are an important investment direction, mainly focusing on two areas
The volatility of A-Shares has intensified this year, but the investment enthusiasm of foreign institutions in the Chinese market has greatly improved. Unprecedented breakthroughs have been made in the gradual inclusion of A-Shares into the MSCI index, the inflow of funds from Beishui into a shares, and the speed of the establishment of foreign private equity funds. Schroeder investment, an internationally renowned investment institution, said that although A-Shares may be affected by policies and other factors, A-Shares have great attraction to international investors. At present, it mainly focuses on consumption upgrading and investment in science and technology.
the performance growth of leading stocks in the vaccine sector is determined
This winter, the supply of various vaccines is tight. Fortunately, many vaccine companies have heard good news recently. In the pharmaceutical industry, the vaccine sector is not affected by drug price reduction, and the performance growth is the most certain. This sector is likely to become one of the most explosive fields in the short term.
Huawei culture terminated its acquisition and resumed trading today. The number of nail households with suspension continued to decrease
Huawei culture (002502), which has been suspended for more than 100 days, resumed trading today after terminating its acquisition of Xuhang network, a media platform. So far, the number of companies whose trading has been suspended for more than 100 days has been further reduced to 13.
Securities Daily (special area)
the pilot expansion of two types of company reform is imminent, which is expected to become the next outlet of A-Shares
The requirement of “understanding the central position of deepening the reform of state-owned enterprises in the new era from a strategic perspective” is a clarion call to speed up the pilot reform of two types of companies. Judging from various factors, the reform pilot of about 10 new households of the two types of companies will be announced at the end of this year or early next year, mainly in the fields of energy, steel, manufacturing and so on. By the end of 2017, the total assets of central enterprises totaled 54.5 trillion yuan, of which about 65% had entered listed companies. It can be seen that once the pilot expansion list of the two types of companies is announced, it will become the next outlet for the interpretation of the A-share market.
expect stock index futures to recover their “skills”
Over the past three years, the rise and fall of the stock market has also made more people realize that the “Yin Qing Yuan Duan” of the market has its own internal law. If it should rise, it will rise, and if it should fall, it will inevitably fall. It really has nothing to do with a neutral tool such as stock index futures. From the experience of the development of capital markets all over the world, stock index futures is a basic, mature and actively traded financial derivative and an indispensable risk management tool. Now, the demand of the spot market has been very clear, and the social consensus has gradually gathered. Then let the stock index futures put down their burden and “restore their skills” as soon as possible, so as to contribute to the healthy development of the capital market.
the sharp rise in handling fees erodes the profits of insurance enterprises. The tax adjustment plan is expected to be implemented next year
The sharp rise of income tax rate caused by the continuous rise of handling fees has obviously eroded the net profits of insurance enterprises, especially in the property insurance industry. In a recent interview, people in the industry mentioned two positive factors that may improve the net profit of insurance enterprises in the future: first, the continuous rise of handling fees of automobile insurance will be curbed or even decreased; second, the adjustment of pre Tax Deduction Policy for handling fees and commission expenses of property insurance industry is expected to be implemented next year, which will effectively reduce the tax burden of insurance enterprises.
multi forces compete for Zhuhai Zhongfu Enterprise Co.Ltd(000659) equity ownership is a mystery, and Shenzhen Stock Exchange has issued concern letters twice
Recently, Zhuhai Zhongfu Enterprise Co.Ltd(000659) issued an announcement in response to the concern letter from Shenzhen Stock Exchange asking the company to further explain the authenticity of equity transfer. This is the second time that Zhuhai Zhongfu Enterprise Co.Ltd(000659) has replied to the attention letter of Shenzhen stock exchange due to equity chaos in recent two weeks. With the Shenzhen Stock Exchange asking questions twice, Zhuhai Zhongfu Enterprise Co.Ltd(000659) the mystery of equity change has been explained. However, the reasons behind the change in the company’s control from no one’s interest to “favored” remain to be seen.
