China Securities Journal ( zone )
capital + investment bank + resources Shandong will set up a 10 billion yuan rescue fund
Fan Jun, deputy director of the state owned assets supervision and Administration Commission of Shandong Province, said on the 15th that Shandong Guohui and Zhongtai Securities Co.Ltd(600918) will jointly initiate the establishment of a listed company rescue fund with a total scale of 10 billion yuan and an initial scale of about 4 billion yuan. The characteristic of the relief fund for listed companies in Shandong Province is the simultaneous development of shares and bonds. The debt and equity funds can not only resolve the risk of stock pledge of major shareholders of listed companies, but also transfer the shares of major shareholders through agreement and block trading.
“suspension nail households” lose the shield of reorganization
“The trading of major assets should be suspended when planning and promoting major asset restructuring. Sometimes the trading should continue to be suspended after the disclosure of major asset restructuring plans.” This long-term suspension of a shares, which is widely criticized by market participants, began to change dramatically after the CSRC issued the guidance on improving the suspension and resumption system of listed companies’ shares, which is known as the “most stringent new regulations on suspension and resumption” on November 6. The number of “suspension nail households” has dropped sharply recently and is expected to die out gradually.
nearly 600 interactive platforms of companies were inquired. Investors paid attention to the science and innovation board with high enthusiasm
As of the closing on November 15, the venture capital index rose for 13 consecutive trading days. Statistics show that as of press time, 591 companies on the interactive platform had received questions from investors about the establishment of the science and innovation board. Brokers believe that the science and innovation board provides a more convenient financing channel for emerging industries in the start-up stage, and is conducive to optimizing the industrial structure of a shares. Kechuang board provides a new listing channel, improves equity liquidity and benefits the venture capital industry.
Yunnan Baiyao Group Co.Ltd(000538) delayed reply to inquiry
Yunnan Baiyao Group Co.Ltd(000538) in the afternoon of November 15, it was announced that since the relevant data and matters involved in the inquiry letter need to be further verified and improved, after applying to Shenzhen Stock Exchange, the company will delay the reply to the inquiry letter, and the trading of the company’s shares will continue to be suspended since the opening of the market on November 16. After the company has implemented the relevant inquiry matters raised by Shenzhen Stock Exchange on this major asset restructuring and approved by Shenzhen Stock Exchange, Will apply for the resumption of trading of the company’s shares in time.
Shanghai Securities News (special area)
is about to expand! Shanghai’s “free trade zone speed” may exceed expectations
On November 15, Gao Feng, a spokesman for the Ministry of Commerce, said in response to a reporter’s question from Shanghai Securities News at a regular press conference that the Ministry of Commerce was working with Shanghai to seriously implement the work related to the establishment of a new area in Shanghai pilot Free Trade Zone, and would accelerate the promotion of the work and make it known to the public in due time. This is the latest statement from the ministerial level. A person familiar with the matter said, “the first draft of the plan is expected to be completed within one month and submitted to the relevant state departments for approval before the end of this year. If it is fast, it may be announced to the public before the end of the year”.
the reverse repo instrument was “ignored” by the central bank, which means that the central bank closed short and lengthened deeply
The central bank continued to suspend reverse repurchase on the 15th when the fixed deposit of 120 billion yuan of the national treasury expired. According to the reporter’s observation, the scale of the central bank’s net withdrawal through reverse repurchase this year is much larger than that of last year. The frequent release of short-term liquidity through reverse repurchase is no longer a “specified action”, but the number of medium and long-term liquidity released through targeted RRR reduction is significantly higher than that in previous years.
renewable energy quota system solicits opinions again
The notice on the implementation of renewable energy power quota system (Draft for comments) issued by the national development and Reform Commission and the national energy administration again recently proposes that the minimum renewable energy proportion index specified by each provincial administrative region is a binding index, and the incentive index shall be determined by 10% exceeding the binding index.
COFCO real estate resumed the acquisition of Grandjoy Holdings Group Co.Ltd(000031)
COFCO announced today that it will continue to promote the major asset restructuring of acquiring Grandjoy Holdings Group Co.Ltd(000031) real estate. Previously, on October 25, the acquisition failed to be approved by the M & a committee of the CSRC. On November 14, the company just received the decision of disapproval issued by the CSRC.
Securities Times (special area)
national development and Reform Commission: study and issue the financing policy of private enterprises through the bond market
On November 15, Meng Wei, spokesman of the national development and Reform Commission, introduced the relevant situation of the national development and Reform Commission’s support for market-oriented financing of private enterprises. In order to solve the financing difficulties encountered in the development of private enterprises, the national development and Reform Commission actively studied and issued policies and measures conducive to market-oriented financing of private enterprises through the bond market and expanded the financing channels of private enterprises.
investment growth stabilized and rebounded to slow down the downward pressure on the economy
The growth rate of infrastructure stopped falling, and the growth rate of investment continued to rebound, which alleviated the increasing downward pressure on the economy for some time. In the long run, whether infrastructure investment can stabilize and recover needs to continue to track the availability of funds. From a positive perspective, the current macro policy space and room are relatively large, the inflation level is relatively low, the government’s debt ratio is also in a reasonable range, and the foreign exchange reserves are still sufficient, which is conducive to the release of long-term advantages and potential.
Leo convertible bonds decreased sharply, convertible stock price arbitrage emerged, and the price rose sharply
Recently, Leo convertible bonds (128038) suddenly became popular and became a star variety of convertible bonds. Due to the successful downward revision of the share price, Leo’s convertible bonds rose continuously recently. From October 19 to November 14, the convertible bonds rose from a minimum of 78 yuan to 103 yuan, with a maximum increase of more than 30%.
Zhejiang Juhua Co.Ltd(600160) repurchases the assets of major shareholders and plans to acquire two loss making research institutions
On the evening of November 15, Zhejiang Juhua Co.Ltd(600160) disclosed that the company plans to transfer 100% of the shares of Juhua technology center and Juhua new material institute held by the controlling shareholder Juhua Group. The purchase prices of the two are 253 million yuan and 69.84 million yuan respectively, with a total transfer price of 323 million yuan. After the acquisition, the two target companies will be included in the financial statements of listed companies.
Securities Daily (special area)
a new round of tax cuts is expected to add trillions of yuan, and dividends are pending
Zhang Yiqun, vice chairman of China’s Special Committee on financial budget performance, said that only value-added tax reduction can achieve substantive tax reduction. The current three levels of value-added tax rates can be reduced to two levels, and the value-added tax rate can be reduced at the same time. After the three value-added tax rates are combined into two levels, the tax rate will be reduced again, the scale of a single tax reduction will reach trillion yuan, and the tax burden of enterprises will be greatly reduced.
foreign capital accelerates the layout of A-share internationalization, and the “high-speed railway” speeds up
There are two main reasons for the high enthusiasm of foreign capital for the A-share market: first, with the increase of the capacity and volume of the A-share market, the international influence of the A-share market has increased rapidly. The active layout and allocation of A-share shares by foreign capital is also a favorable opportunity for global capital to strengthen global asset allocation; Second, from the perspective of valuation, A-Shares have fallen to an all-time low. Therefore, the advantage of A-share valuation is obvious, which is an important reason to attract foreign capital inflows.
since this year, 46 biomedical enterprises have started repurchase, with the highest scale exceeding 10 billion yuan
Since this year, as of November 15, a total of 46 companies in the A-share biomedical industry have launched plans to repurchase their shares. The total repurchase scale of these listed companies is up to 10 billion yuan.
FF minority shareholders sued Evergrande health, saying it was a spontaneous act and had nothing to do with Jia Yueting
The dispute over control between FF and Evergrande was further made public. The reporter learned from FF that on November 14 local time, FF minority shareholder representatives filed a class action against Evergrande health in the Los Angeles High Court, accusing Evergrande health and the directors stationed by Evergrande of attempting to take FF’s control and core intellectual property rights by fraud. On this lawsuit, people close to Evergrande said that “there is no response for the time being”.
