China Securities Journal ( zone )
save the good but not the bad market-oriented capital to aid listed companies
Since 2018, the share prices of many listed companies have halved, and the Pledged Shares of major shareholders are on the verge of closing, so the situation is in jeopardy. In addition to the “pure state-owned assets” rush aid mode implemented by local governments, state-owned assets also frequently throw olive branches to market-oriented capital to jointly rush to aid listed companies. At present, some market-oriented capital has begun to enter the board and join the ranks of listed companies, but it is obviously not their only purpose to help listed companies resolve their current difficulties, which is also regarded by them as a rare investment opportunity. More importantly, the aid objects of market-oriented capital are obviously selective, and only companies with core technologies and capabilities can be included in the vision.
financial subsidiary “racing” bank outsourcing strategy differentiation
The reporter learned that at present, the national joint-stock banks and several large urban commercial banks are “striving” for the layout of financial management subsidiaries, and large banks in individual countries have also begun to study and arrange. Under the background of the implementation of new regulations on asset management and financial management, the industry regulatory environment is facing reconstruction, and the “entry” of bank financial management subsidiaries will also break the original asset management pattern in the future.
272 listed companies received intensive institutional research, accounting for 70% of small and medium-sized enterprises
Since October, the pace of institutional research on listed companies has slowed down. According to statistics, from October 1 to November 4, 272 listed companies accepted the survey of institutions, with a month on month decrease of 29.92%. In terms of industry, electronics, medicine, biology and computer are particularly favored by institutions.
the actual controller of Qunxing toys plans to change the receiver to engage in IPO consulting and big data
On the evening of November 4, Qunxing toys announced that Guangdong Qunxing Investment Co., Ltd., the controlling shareholder of the company, signed the share transfer agreement on November 2, 2018, and planned to transfer its 118 million non tradable shares of the company (accounting for 20.00% of the total share capital of the company) to Shenzhen Xinghe Data Technology Co., Ltd., which is actually controlled by Wang Sanshou Chengdu Digital Xinghe Technology Co., Ltd. and Beijing jiulianhuan data service center (limited partnership), and Qunxing investment agreed to entrust its voting rights of 58 million shares of Qunxing toys to Chengdu Xinghe for free and irrevocable.
Shanghai Securities News (special area)
Article 27 three 10 billion Shanghai policies to support private enterprises
All localities are taking rapid action to support the private economy, and the latest action comes from Shanghai. The Shanghai municipal Party committee and government recently issued several opinions on comprehensively improving the vitality of the private economy and vigorously promoting the healthy development of the private economy (hereinafter referred to as “several opinions”), proposing “27” measures to boost the development of the private economy. In the view of the industry, the brightest “real hammer” of Shanghai’s “27 article” measures is financial support. Several opinions put forward three 10 billion projects.
six futures companies were fined for the illegal operation of asset management business in one month
Recently, another futures company was ordered to make corrections by the local securities regulatory bureau. Plus the previous five, six futures companies have been punished by the regulatory authorities since last month, of which five futures companies have been punished for illegal operations in asset management business. Industry insiders believe that the asset management business of futures companies started late and had obvious late development disadvantages. In previous years, they were mainly in the stage of exploration and attempt. For futures companies, asset management business is a new thing, and there have been many non-compliance operations, so they have been punished frequently in recent two months.
local infrastructure investment accelerates, and the horsepower of the central and western regions is more sufficient
With the release of the three quarterly reports of local economy, the situation of infrastructure investment everywhere has been clearly visible. The Shanghai Securities News found that the growth rate of infrastructure investment in central and western provinces was generally higher than that in the whole country, and the infrastructure investment in Henan, Guizhou, Chongqing, Hubei and other places maintained double-digit growth in the first three quarters.
brokerage stocks rose sharply. Is the company busy making announcements or accurately copying the bottom?
Brokerage stocks that have been running at a low level for a long time have finally become the vanguard of the rebound of this round of A-share market. With the ups and downs of the market, a number of securities companies are busy publishing the increase and repurchase plan as the “platform” for their own stocks. Whether it is to reveal the bottom or accurately copy the bottom has also become a hot topic in the market.
Securities Times (special area)
accelerating the cultivation of new kinetic energy is the top priority of economic operation
Recently, the 2018 China capital market autumn forum of the securities times expert committee was held in Beijing. Experts attending the meeting believed that since the second half of the year, the problems faced by economic operation and deepening reform have been further highlighted. The new era needs a new growth mechanism, and the fiscal policy should do a good job in the addition and subtraction method. Next, we should clarify and maintain policy objectives, deepen the reform of investment and financing system, improve the business environment, improve the use efficiency of financial funds, and promote financial openness and competition.
the CSRC continues to promote the facilitation of exit channel of venture capital IPO
Liu Jianjun, deputy director of the private fund supervision department of the CSRC, said recently when attending the second Qiantang River forum that among the five channels for venture capital exit, IPO Exit is undoubtedly one of the most important channels. We will continue to promote the facilitation of IPO exit channels. Venture capital should be transferred through agreements, and the invested enterprises should be acquired as a whole, Realize the diversification of capital exit.
the first equity pledge risk relief product of insurance capital will be issued by stages
After the establishment of the “Guoshou assets Phoenix series products”, the first stock pledge risk product of venture capital to bail out listed companies, the product elements and structure information were further clarified. The reporter learned that the total target scale of the product is 20 billion yuan. It is aimed at the issuance of insurance capital, social security and asset management products. It will be issued in the form of “phased issuance”. It will be mature for one period and issued for one period.
The dispute over control is difficult to settle Jiangsu Zhongchao Holding Co.Ltd(002471) by “three questions a day”
Last week, the website of Shanghai and Shenzhen Stock Exchange disclosed 22 inquiry letters, which was significantly lower than that in the previous week. However, the decrease in the number of inquiry letters does not represent the relaxation of front-line supervision, as can be seen from the rare three attention letters received in Jiangsu Zhongchao Holding Co.Ltd(002471) day. The dispute over Jiangsu Zhongchao Holding Co.Ltd(002471) has not yet ended and is becoming more and more intense. Since August this year, Shenzhen Stock Exchange has sent at least 16 inquiry letters to Jiangsu Zhongchao Holding Co.Ltd(002471) . On November 2, Jiangsu Zhongchao Holding Co.Ltd(002471) received three letters of concern.
Securities Daily (special area)
the CSRC made intensive statements on the reform of M & A and cited the layout of two types of institutions
Recently, “M & a” has been frequently mentioned by the CSRC and has become an important force point for capital market reform and stimulating market vitality. According to the reporter of Securities Daily, the CSRC has paid more and more attention to M & A in recent years. Especially since the middle of this year, M & A has been listed as one of the basic system reforms. Recently, the CSRC issued a public statement, once again mentioning “creating conditions to encourage listed companies to carry out M & a”.
repurchase system welcomes major reform and more than 3 trillion yuan of funds are expected to enter the market
According to incomplete statistics, as of the semi annual report of 2018, the total cash and equivalents of all A-share listed companies had reached 26.15 trillion yuan. Assuming that companies with more than 8% cash holdings will use the excess for repurchase, a total of 2212 listed companies can repurchase, with a total amount of 3.49 trillion yuan.
PMI index endorsement emerging service industry growth express and other three industries have prominent investment potential
Recently, the National Bureau of statistics released the China purchasing manager index (PMI) in October. When interpreting the PMI data, Zhao Qinghe, Senior Statistician of the service industry survey center of the National Bureau of statistics, said that in October, the non manufacturing business activity index was 53.9%, which was still at a high operating level, while the business activity indexes of emerging service industries such as postal express, telecommunications and Internet software were all in the high boom range of more than 59.0%, and the business activities of enterprises were more active. Analysts believe that the high outlook of the emerging service industry will inevitably bring the performance growth of relevant listed companies, stimulate the rapid recovery of stock prices and form new market hotspots.
* the new board of directors of St industry has changed blood, and Harbin University of technology has fully settled in
On the evening of November 2, * ST Gongxin announced that the company held an extraordinary general meeting on the same day and elected the members of the new board of directors; At the 31st meeting of the 8th board of directors, Wang Mingxiu was elected chairman of the 8th board of directors. So far, Harbin University of technology, as the actual controller, has completed all legal procedures for sending personnel to settle in * ST Gongxin.
