China Securities Journal ( zone )
the M & a market has warmed up, and the number of participants in one week’s projects is now at its peak
Since October, regulators have frequently issued favorable policies for mergers and acquisitions. Press the acceleration button for M & A review, and the number of projects in a single week last week will reach a new high this year. Recently, mergers and acquisitions of listed companies have been active, “PE + listed companies” and other modes have emerged. A securities firm investment banker recently told the China Securities Journal that many people lament that the spring of M & a market is coming.
starting point of institutional rescue fund operation mechanism
According to incomplete statistics, as of November 7, securities companies and insurance companies had set up special products or asset management plans for relieving private enterprises with a total scale of more than 70 billion yuan. Insiders said that most securities companies adopt the structural model of parent-child asset management plan, while insurance funds mostly enter the market as strategic and financial investors for rescue. All institutions pay attention to the principle of market-oriented operation and set corresponding target assessment. It is expected that financial institutions will participate in supporting the development of private enterprises by establishing rescue funds with local governments and state-owned enterprises.
avoid the “hot” love “wrong killing” part of private placement and find another way
With the recovery of the market, some private placement recently increased their positions slightly to participate in the rebound. In the specific layout, private placement avoided the hot stocks in the early stage, and paid more attention to the high-quality targets that were killed by excessive pessimistic expectations and insufficient market attention. Affected by the sharp decline in the performance of some individual stocks, private placement pays more attention to the industry prosperity and performance growth certainty of individual stocks when selecting stocks.
Wingtech Technology Co.Ltd(600745) “snake swallow elephant” M & a semiconductor giant
Although there were losses in the third quarterly report due to factors such as exchange rate, Wingtech Technology Co.Ltd(600745) set off waves in the semiconductor industry. On October 24, Wingtech Technology Co.Ltd(600745) announced that it planned to purchase all GP and LP shares of Anse group, a semiconductor company, by issuing shares and paying cash. After the transaction is completed, Wingtech Technology Co.Ltd(600745) will successfully control Anse group, a Dutch semiconductor giant.
Shanghai Securities News (special area)
listed companies should quickly practice their internal skills
On Tuesday evening, the guidance on improving the stock suspension and resumption system of listed companies issued by the CSRC aroused great concern in the market. The reporter found that some principles in the opinions have actually been applied in practice. The number of companies suspended in the A-share market has been reduced, the suspension time has been shortened, the blind suspension and evasive suspension have been significantly improved, but there is still a lot of room for deduction for the change of the ecology of suspension and resumption in the future.
local troops and grain are sufficient to help private enterprises: trillion burden reduction plan + 100 billion relief fund
Following the actions of the central government and ministries, local governments have recently introduced measures to promote the development of private enterprises. According to the reporter of Shanghai Securities News, the “local version” rush aid policy mainly focuses on reducing enterprise costs and resolving financing difficulties and expensive financing. Zhejiang, Jiangsu, Guangdong and other places have issued a new round of burden reduction policies, and the scale of planned burden reduction in various places has reached trillion yuan. In addition, several provinces have launched 10 billion level rescue funds to resolve the liquidity risk of listed companies.
investment banks prepare for the science and innovation board to find potential listing resources
After the announcement that Shanghai Stock Exchange will set up a science and innovation board and pilot registration system, investment banks responded quickly and began to look for project resources in advance. Some investment bankers recently told reporters that after the pilot registration system of the science and innovation board, the setting of listing conditions will become more market-oriented, and their investment banks will focus on strategic emerging industry projects with low maturity in the future.
Grg Banking Equipment Co.Ltd(002152) sell 20% equity of Meidian bell
Grg Banking Equipment Co.Ltd(002152) the merger and acquisition of Meidian bell has undergone dramatic changes. It was regarded as an important place to cut into the security field last year, but it was transferred as an “abandoned child” this year. On the evening of November 7, Grg Banking Equipment Co.Ltd(002152) announced that it planned to publicly transfer 20% of the shares of Meidian bell, and the relevant parties also made repurchase arrangements for the remaining 5% of the shares.
Securities Times (special area)
the pension target fund accelerated and ushered in a new batch of replies this week
From the policy launch to the product launch of pension target fund, there are many surprises in an orderly manner. Following the approval of the second batch of pension target funds, regulators recently organized a new round of pension target fund defense. Industry insiders expect that the pace of the launch of pension target funds will be accelerated.
the performance of listed securities companies in October was still bleak: 27 net profits fell and 9 lost
The days of listed securities companies in October are not as good as those in September. As of the press time last night, the October financial report data (parent company caliber) disclosed by 33 listed securities companies showed that, in addition to the month on month growth of revenue in Soochow, Guojin, northeast and First Capital Securities Co.Ltd(002797) , there were as many as 27 securities companies with month on month decline in operating revenue (Tianfeng and great wall have no comparable data).
5g license issuance is back Zte Corporation(000063) hitting a rebound high
On November 7, 5g concept stocks of A-Shares broke out collectively. Among them, the leading stock Zte Corporation(000063) hit a new rebound high since July. It is reported that Wu Hequan, academician of the Chinese Academy of engineering, said at the 2018 Guangdong Hong Kong Macao Grand Bay academician summit and the fourth Guangdong academician summit held on November 2: “at the end of this year, China may issue 5g licenses. Although 5g base stations are basically commercial now, the terminals still need to wait until the standardization is completed and trial commercial, so it will take some time.”
Wanjiale is in a P2P crisis and its controlling shareholder’s shareholding is frozen
Wanjiale (000533) is deeply trapped in the P2P mine explosion crisis and continues. After Zhejiang Hansheng Bangchuang Industrial Co., Ltd., a holding subsidiary, was sealed up by Yuhang District branch of Hangzhou Public Security Bureau due to the explosion of grass-roots investment in P2P platform, and the chairman lost contact, the latest progress shows that the shares held by Hui fuboyan, the controlling shareholder of Wanjiale, have also been frozen by Yuhang District Bureau.
Securities Daily (special area)
senior management frequently asked “tax reduction” related measures to accelerate the implementation
Recently, a new round of specific measures for large-scale tax reduction and fee reduction surfaced after the high-level continued to state its position on the issue of tax reduction and fee reduction. Analysts said that with the recent frequent statements of senior management, it indicates that a new round of large-scale tax reduction and fee reduction in China is about to begin, and the time point will be introduced from January 1 next year. Tax reduction and fee reduction policies and measures focus on value-added tax and social security payment.
during the year, 345 “new generals” were introduced into public funds, and only 60 fund managers have worked for more than 10 years
Since this year, the news of star fund managers’ resignation has frequently brushed the screen, and most of these fund managers are veterans who have been fighting in the public fund industry for many years. The reporter noted that with the continuous expansion of the number of public fund products, fund companies are also rapidly introducing new fund managers. As of November 7 this year, 345 new fund managers have officially entered their jobs, involving 119 fund companies.
the further expansion of the weight of A-share MSCI will attract more foreign investment of nearly 7 billion yuan and rush to raise 14 target shares
It is reported that MSCI Mingsheng expects to increase the weight of China’s shares in its global benchmark index from 5% to 20% next year. It plans to implement it in two stages: the semi annual index evaluation review of Mingsheng in May 2019 and the quarterly index evaluation review in August 2019. Market analysts believe that this may attract more than $80 billion (550 billion yuan) of foreign capital into the stock market of the world’s second-largest economy, and the relevant underlying stocks usher in the layout opportunity.
FF bombards hengdafang teller Xu Jiayin and comprehensively counterclaims Jia Yueting
On November 7, Evergrande Health announced that its Shiying company had filed a comprehensive counterclaim against Jia Yueting and smart king, the joint venture, requiring Jia Yueting and the joint venture to perform the contract. It is worth noting that although the dispute between Evergrande and FF has not ended, it has not affected Evergrande’s layout in relevant fields. On the day before Evergrande Health issued the counterclaim announcement, the transaction procedures of Evergrande group’s shareholding in Guanghui group, the controlling shareholder of the three companies, have been completed. Evergrande group holds 40.964% of the equity of Guanghui group, which is the second largest shareholder of Guanghui group. All parties will accelerate the follow-up cooperation.
