China Securities Journal ( zone )
the first batch of bank financial management subsidiaries are expected to appear within this year
Two large state-owned banks, Bank of China and China Construction Bank, recently successively announced the establishment of financial subsidiaries. So far, 16 Chinese banks have arranged financial subsidiaries. Insiders told the China Securities Journal that after the formal introduction of the management measures for bank financial subsidiaries, the establishment of subsidiaries or franchises by banks will be accelerated, and the first batch of financial subsidiaries are expected to land within the year.
brokerage strategy will surprise ticket sellers with sky high prices. A new sales model emerges
Near the end of the year, the strategy meeting of China’s major securities companies is being held as usual. Different from the past, recently, a securities firm in Beijing, a securities firm in Shanghai and a medium-sized securities firm have been exposed that their strategy will sell tickets publicly, and the ticket price is as high as 8888 yuan. A securities firm researcher told reporters that this situation had not occurred in the past. As the Securities Research Institute began to seek the path of transformation, filtering private placement and institutions through charging, and providing a communication platform has become one of the ways to explore transformation. There are three main reasons for this change: one is to save the cost of securities companies; Second, improve transaction efficiency; Third, publicize the research results on a larger scale.
the transaction area of hot cities has decreased, and real estate enterprises are facing the dual pressure of sales and financing
Relevant data show that in October, 20 hot cities sold a total of 14.48 million square meters, down 11% month on month. The transaction area of most hot cities decreased. At the same time, since this year, the financing pressure of real estate enterprises has increased significantly, and the financing cost differentiation is serious.
executives of listed companies frequently operate stocks in violation of regulations
Data show that since November, 112 listed companies have received regulatory letters from the exchange. Among them, more than 30% are for individual executives of listed companies. Executives’ illegal short-term operations, failure to disclose the reduction plan in advance, and illegal reduction during the sensitive period of the third quarterly report are the main factors for these executives to be supervised.
Shanghai Securities News (special area)
the risk premium increased and raised the financing interest rate. In the first three quarters, the stock pledge income of securities companies increased by 40% against the trend
As securities companies pay more attention to the risk of stock pledge repo business, the scale of stock pledge business on the floor is shrinking. However, the scale reduction did not have a negative impact on the income of securities companies. Driven by multiple factors such as the upward trend of interest rates, the income of securities companies’ stock pledge business bucked the trend and increased by nearly 40% in the first three quarters.
banking data in the third quarter: inclusive small and micro loans increased significantly
On the 19th, the CBRC released the data of the main regulatory indicators of the banking industry in the third quarter, which showed that the banking industry continued to strengthen financial services. By the end of September, the balance of loans used by banking financial institutions for small and micro enterprises (including loans for small and micro enterprises, loans for individual industrial and commercial households and loans for small and micro enterprise owners) was 33 trillion yuan, of which inclusive small and micro enterprise loans with a total credit of 10 million yuan or less for a single household increased by 19.8% year-on-year.
the troubles of listed insurance companies are gradually disappearing, and there is strong evidence of “monthly premium improvement”
The expectation of “monthly improvement of premium income in China’s life insurance industry” is confirmed, which can be seen from the premium income announcement of listed insurance companies in the first 10 months of 2018 just disclosed. On the one hand, the signs of recovery of premium growth are becoming clearer, on the other hand, the valuation of the sector is at a historical “medium low”. Mainstream investment bankers are optimistic about the current better valuation cost performance of the insurance sector and the valuation repair opportunities of this sector in the fourth quarter.
Xiaomi made a net profit of 2.9 billion yuan in the third quarter, much higher than expected
On the afternoon of November 19, Xiaomi group announced the financial report for the third quarter of 2018. In that quarter, Xiaomi group achieved a revenue of 50.8 billion yuan, a year-on-year increase of 49.1%; The adjusted profit was 2.9 billion yuan, a year-on-year increase of 17.3%, far exceeding market expectations. Among them, international business, IOT, consumer goods and Internet services grew rapidly, with year-on-year revenue growth of 112.7%, 89.8% and 85.5% respectively in this quarter.
Securities Times (special area)
the State Administration of Taxation 26 measures to support the development of private economy
Recently, the State Administration of Taxation issued the notice on implementing several measures to further support and serve the development of private economy. In view of the tax “blocking points” and “difficulties” encountered in the development of private economy, it proposed 26 specific measures in five aspects, including “stabilizing the payment mode of social insurance premiums”, to help private enterprises develop better.
A-share shock wave of new regulations on Preschool Education: adjustment of layout of preschool education companies
The impact of the new regulations on preschool education continues to ferment, and companies involved in preschool education in the capital market have adjusted their investment layout. On the evening of November 15, several opinions of the CPC Central Committee and the State Council on deepening the reform and standardized development of preschool education were released. The opinions pointed out that private parks are not allowed to be listed alone or as part of their assets. Listed companies shall not invest in profit-making kindergartens through stock market financing, and shall not purchase the assets of profit-making kindergartens by issuing shares or paying cash.
the most stringent new regulations on delisting Fawei st plate collective cooling
Affected by the new regulations on mandatory delisting of major violations officially released by the Shanghai and Shenzhen Stock Exchange last Friday and the mandatory delisting of * ST Changsheng due to major violations, the st sector and low-cost stocks collectively fell at the opening yesterday morning, and several stocks, including * ST Longli, * Tianma Bearing Group Co.Ltd(002122) , * St Gongxin, etc., were quickly hit to the limit. As of the close, nearly 10 ST shares were pressed on the limit. Data show that yesterday, a total of 26 ST listed companies rose and 45 fell, with a net outflow of 181 million yuan.
* 46.7 million shares held by St Tianye’s controlling shareholder
*St Tianye announced on the evening of November 19 that due to the execution of notarized creditor’s rights documents between Huabao trust and Tianye Group, the controlling shareholder of the company, Shandong Provincial High Court has filed a case for execution, but Tianye Group has not fulfilled its obligations. Shandong high court ruled to auction 46.7 million shares of the company held by Tianye Group. The announcement said that Huabao trust, the executor of the application, selected Taobao as the online judicial auction platform from the list of national network service providers established by the Supreme People’s court.
Securities Daily (special area)
China Securities Association issued a blacklist of 319 IPO stock placement objects, and nearly 80% of them are retail investors
On November 19, the reporter learned that in order to regulate the inquiry and subscription behavior of offline investors and their placing objects in the initial public offering, China Securities Association issued the announcement on the blacklist of placing objects in the initial public offering (No. 4, 2018). 319 placing objects were blacklisted this time, of which 246 were natural persons, accounting for 77%.
the national first house loan interest rate rose for 22 consecutive months. In October, the trading volume of second-hand houses in Beijing was lower than 10000 units again
Data show that by October this year, the national first house loan interest rate had risen for 22 consecutive months. However, the average interest rates of first and second home loans in Beijing decreased month on month. At the same time, the turnover of second-hand houses in Beijing in October was 8879 units, which was lower than 10000 units again after February, and the turnover decreased by 41.9% month on month. Affected by the reduction of trading volume and other reasons, many banks have made loans faster recently, and some banks have reduced their loan interest rates.
the entrusted market scale of various pensions increased by 190 billion yuan during the year and appeared in 635 listed companies
According to statistics, as of the end of the third quarter, all kinds of pensions were among the top ten circulating shareholders of 635 listed companies. Among them, there are 580 social security funds, 22 enterprise annuities and 33 pension funds. It is noteworthy that pension fund investment in the stock market has grown from the first three A-share listed companies to the top ten circulating shareholders to 33 in more than a year.
has been in charge for 5 times in 3 years Xiamen Overseas Chinese Electronic Co.Ltd(600870) without results, the contemporary system lost its position or fully protected its shell
After 15 months of planning, on November 16, Xiamen Overseas Chinese Electronic Co.Ltd(600870) announced that it planned to terminate the acquisition of Fujian Forecam Optics Co.Ltd(688010) , which means that the fifth restructuring of contemporary department after holding Xiamen Overseas Chinese Electronic Co.Ltd(600870) has “failed”. Xiamen Overseas Chinese Electronic Co.Ltd(600870) said that due to the impact of market environment outside China and changes in China’s capital market, the transaction parties could not reach an agreement on core terms such as transaction consideration. After friendly negotiation between the parties, it is planned to decide to terminate the major asset restructuring.
