China Securities Journal ( zone )
the pilot expansion of state-owned capital investment and operation companies is imminent, and a package of supporting policies will be issued soon
The reporter learned that SASAC is drafting a reform plan for the authorized management system of state-owned capital, which has entered the review procedure; We are studying and formulating plans to deepen state-owned capital investment in central enterprises, pilot operating companies, carry out mixed ownership reform and establish a professional manager system. Industry insiders pointed out that driven by the policy, with the accelerated establishment of the state-owned assets platform and the accelerated assembly of the state-owned assets fund system, the investment and operation of state-owned capital will become more active and add impetus to the capital market.
some securities companies have received the letter of solicitation for opinions on the formulation of relevant rules, and institutions are gearing up to prepare for the science and innovation board
The implementation of the scientific innovation board is in full swing. On November 20, the reporter learned exclusively that some securities companies had received the letter of soliciting opinions on the formulation of relevant rules of the science and innovation board. In addition, the reporter learned that venture capital institutions have begun to contact with head securities companies to exchange combing and preparation at the project level. Investment bankers from a number of securities companies also said that they are screening reserve projects, improving the pricing and placement capacity of the capital market, and improving the internal control process according to the characteristics of the science and innovation board. We look forward to the introduction of supporting policies such as standards and conditions for applying for science and Innovation Board enterprises.
A-share shock bottom 10 billion private placement without reducing position
After a continuous rebound, the A-share market fluctuated and adjusted in the past two days. Data from a number of research institutions show that since the rebound, the overall position of private placement has continued to decline compared with the previous period, close to the low and medium level in history. However, according to the investigation by the reporter of China Securities Journal, many 10 billion private placement companies have recently increased their positions by about 10%, generally maintaining neutral positions, and the 10 billion private placement with high positions in the early stage has not reduced their positions in this round of rebound. These private placement said that the market downward space is limited.
Poten Environment Group Co.Ltd(603603) the reduction of the three major shareholders was referred to the Shanghai stock exchange for inquiry
On the evening of November 20, the Shanghai Stock Exchange issued an inquiry letter to Poten Environment Group Co.Ltd(603603) , asking the company to explain the main considerations of the three shareholders to reduce all their shares in the company, whether the company, its controlling shareholders and actual controllers participate in the planning and formulation of the reduction plan, whether there is reduction intention and liquidity risk, etc. As of press time, Poten Environment Group Co.Ltd(603603) has not replied to the inquiry letter.
Shanghai Securities News (special area)
payment industry services are meticulous, and small and micro enterprises will have exclusive bank cards
China UnionPay jointly released the small and micro enterprise card product system with commercial banks on the 20th. Fan Yifei, vice president of the people's Bank of China, said that the small and micro enterprise card is the first exclusive bank card product for small and micro enterprises. It is an important measure to deepen the banking service for small and micro enterprises and fills the gap in the payment industry service for small and micro enterprises. Based on the existing functions and services of small and micro enterprise cards, banks should constantly improve card products, increase card functions, comprehensively optimize product services, and truly build small and micro enterprise cards into bridges for financial services to small and micro enterprises.
the national development and Reform Commission approved that the investment scale of several high-speed rail projects exceeded 100 billion yuan
Recently, the national development and Reform Commission has intensively approved a number of high-speed rail projects, with an investment scale of more than 100 billion yuan. At the same time, the development and Reform Commission also made it clear to further strengthen the reserve of major projects and further accelerate the preliminary work of major projects.
Shanghai Stock Exchange: the news that "relevant people on the science and Innovation Board require the selection of 50 enterprises" is seriously untrue
On the evening of the 20th, it was reported that relevant people on the science and Innovation Board of the Shanghai Stock Exchange asked a venture capital institution to select about 50 top enterprises in the industry, and the Shanghai Stock Exchange will focus on research according to the situation. The Shanghai Stock Exchange paid close attention to public opinion and quickly responded on the official microblog that after the report was released on the Internet at 19:30 that night, the Shanghai Stock Exchange verified the relevant contents of the report at the first time. After consultation, no personnel of Shanghai Stock Exchange have consulted venture capital institutions on the content of the report. The report is seriously untrue, and the Shanghai Stock Exchange has taken relevant measures to correct the audio-visual situation.
stock price changes "force" major issues, and the Shanghai stock exchange quickly questioned st Changjiu's confidentiality work
The recent continuous rise of St Changjiu was indeed "for a reason". On the evening of November 20, St Changjiu's announcement on the planning of major events by the controlling shareholders revealed the reason. The supervision letter of Shanghai stock exchange immediately "flattered" and asked the company to verify whether it did a good job in confidentiality and other matters.
Securities Times (special area)
intensive capital construction projects, good investment, stabilization and recovery
Since this year, the growth rate of infrastructure investment has declined for nine consecutive months, causing widespread concern. Especially in the context of export facing great uncertainty, it is very important for the economy to maintain a stable and good development trend to maintain a relatively stable state of investment. To this end, government departments have issued a number of policies to stimulate the growth of infrastructure investment, and vigorously issued relevant rules and supporting measures to ensure the implementation of the policies. At present, the results have been shown. In October, the growth rate of infrastructure investment rebounded for the first time this year, driving the growth rate of fixed asset investment to rebound for the second consecutive month.
the car market has encountered a cold winter for the first time in 26 years, and only luxury car sales have gone upstream
The "golden nine silver ten" no longer exists. 2018 may become the first year of negative sales growth in China's auto market in 26 years. According to the data of China Automobile Association, the monthly data of China's automobile production and sales has decreased continuously in April. According to the latest data of the passenger Federation, in October, China sold 1.95 million narrow passenger cars, a year-on-year decrease of 13.2%; From January to October this year, the cumulative sales of narrow passenger cars were 18.128 million, a year-on-year decrease of 2.1%. So far, the passenger car market has experienced negative sales growth for five consecutive months this year.
since November, the monetary ETF has shrunk by nearly 20 billion
As of November 19, the total share of 27 monetary ETFs with only scale data was 251.573 billion, with a cumulative net redemption of 19.398 billion since the beginning of the month. The share of monetary ETF has shrunk significantly. Since this month alone, the overall net capital outflow of monetary ETF has been nearly 20 billion. If the time is extended to the two-month range, the cumulative net outflow will exceed 35 billion.
the first forced resumption of trading "lying down" Yinyi shares, and the local government pays attention to the risk
After the release of the "most stringent new regulations on suspension and resumption in history", Yinyi shares (000981), which has been suspended for 89 days, became the first listed company to be forced to resume trading after the introduction of the new regulations. Data show that as of November 20, 38 companies in the two cities were still suspended, with a suspension rate of 1.07%, which is close to the international level. Compared with the suspension of more than 60 in early November, the number of suspension has decreased significantly.
Securities Daily (special area)
the number of M & A reviews soared, and 30 orders were reviewed in 50 days
Recently, a number of deregulation and support measures of the CSRC have promoted the increase in the number of M & A projects in the A-share market. According to statistics, from this year to November 20, the M & a committee of the CSRC reviewed 107 projects, of which 94 projects were approved, with a pass rate of 87.85%.
the Ministry of Finance issued 12 consecutive documents to the local government in advance to issue a fund of 1.96 trillion yuan
The reporter learned that recently, the Ministry of Finance issued 12 documents in a row and issued 1960.148 billion yuan to local governments in advance. Specifically, in order to speed up the progress of budget implementation and improve the integrity of budget preparation, recently, the Ministry of Finance issued a budget of 131.8 billion yuan for urban and rural compulsory education subsidies in 2019, accounting for about 90% of the budget implementation in 2018.
Housing transactions in 40 cities have not improved, and the cooling in third and fourth tier cities is obvious
The residential trading volume in the first tier cities is still falling, and the third and fourth tier cities are even worse. On November 20, according to the November transaction forecast released by E-House Real Estate Research Institute, in the first half of November 2018, residential transactions in 40 cities increased by 11% month on month and 9% year-on-year. In the first half of November, residential transactions in first tier cities decreased by 3% month on month; Second tier cities increased by 27% month on month; 3、 The fourth tier cities decreased by 20% month on month.
The soaring share price of control share transfer raised doubts. Qunxing toys said that the transferee has the ability to perform
On the evening of November 20, Qunxing toys announced its reply to the letter of concern of Shenzhen Stock Exchange. On November 13, Shenzhen Stock Exchange issued a letter of concern to Qunxing toys, requiring the company to specify the background, process, progress and impact of the change of control, and prompt relevant risks. At the same time, the company is required to explain the reasons for the voting right entrustment of Qunxing investment, the rationality of the free voting right entrustment, and whether the voting right entrustment involves shares with limited rights.
