China Securities Journal ( zone )
the draft amendment to the company law is submitted to the sixth meeting of the Standing Committee of the 13th National People’s Congress for deliberation. Liu Shiyu: it is necessary to modify the provisions on share repurchase in the company law
The draft amendment to the company law of the people’s Republic of China was submitted to the sixth meeting of the Standing Committee of the 13th National People’s Congress for deliberation on the 22nd. Entrusted by the State Council, when explaining to the Standing Committee of the National People’s Congress, Liu Shiyu, chairman of the CSRC, introduced that on the basis of summarizing practical experience and drawing lessons from foreign beneficial practices, the provisions of the company law on share repurchase were revised and improved, so as to promote the company to establish a long-term incentive mechanism and improve the quality of listed companies, especially to stabilize the expectation of the capital market under the current situation, It is very necessary to provide strong legal support.
China Securities Association promoted the establishment of 100 billion yuan in the securities industry to support the asset management plan of private enterprises
China Securities Association announced on the 22nd that recently, the Securities Association organized some securities companies to resolve the risk of equity pledge in a commercial and market-oriented way, improve the risk management level of equity pledge financing business, support the high-quality development of private economy, and initially form an intentional plan for the securities industry to support private enterprises to develop collective asset management plan.
safe: the intensity of cracking down on foreign exchange violations remains unchanged
The State Administration of Foreign Exchange announced 20 typical cases of foreign exchange violations on the 22nd. Among them, the maximum penalty for relevant banks was 4.1903 million yuan, the maximum penalty for relevant enterprises was 1.4 million yuan, and the maximum penalty for relevant individuals was 1.53 million yuan. It can be seen from the violation cases announced by the safe that banks, enterprises and individuals will be punished if they violate the foreign exchange management regulations.
the trading limit of securities companies sounded the “assembly number” of A-share rebound
The three indexes rose more than 4% yesterday. Brokerage stocks staged a trading tide. Among them, the brokerage sector rose 10.00%; The trading limit of securities ETF is the first time since its listing. Analysts said that the overall trading limit of the brokerage sector shows that funds are optimistic about the general direction of A-Shares in the future. In the medium and long term, the implementation of the policy is still on the way, the bottom is completed, and the market is expected to rise steadily again. Some institutions said that there may be a rebound of more than 10% this time. The main logic is that the favorable policies continue after the rapid and sharp decline.
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Shanghai Securities News (special area)
the industrial and commercial electricity price says that it will be reduced. The Ministry of industry and information technology takes the lead in investigating
High electricity price has always been an important factor affecting the vitality of industry and commerce. The reporter learned from the Ministry of industry and information technology on the 22nd that the research team organized by the Ministry of industry and information technology has carried out research in Hebei, Shanxi, Inner Mongolia, Guangdong, Jiangxi, Shaanxi, Gansu, Tibet and other regions to understand the implementation of the policy dividend of 100 billion electricity price reduction, and listen to the opinions and suggestions of all regions and all aspects.
railway construction put into acceleration again, and the investment in September exceeded 100 billion yuan
A series of policies to make up for weaknesses and stabilize investment are “fermenting”, and the railway fixed asset investment exceeded 100 billion yuan in September. The reporter learned on the 22nd that the cumulative investment in railway fixed assets in the first nine months has reached 572.289 billion yuan, and the accelerated commencement of the project is obvious. The data in September were even more encouraging, with an investment of more than 110 billion yuan. If this growth rate is promoted, railway investment is expected to exceed expectations this year.
long term stable incremental funds in the relay issuance market of pension target fund
The first batch of pension target funds were issued relay, and the sales curtain was opened one after another. The reporter learned that Penghua pension target date is 2035, and the three-year holding hybrid fof officially entered the issuance period yesterday. There are also two funds under Nanfang and ICBC Credit Suisse. Before that, three pension target funds have been raised and established. Industry insiders believe that the development space of pension target fund is very huge, which is expected to bring long-term living water to the market. In addition, for the launch and position building time of pension target fund, institutions generally believe that it is at the right time.
executives frequently reduce their holdings Hubei Huitian New Materials Co.Ltd(300041) share prices fell sharply against the trend
Even the 100 share Limit failed to stop the continuous decline of Hubei Huitian New Materials Co.Ltd(300041) . At the close of the 22nd, Hubei Huitian New Materials Co.Ltd(300041) became one of the only 15 closing stocks on the day. The stock price of Hubei Huitian New Materials Co.Ltd(300041) , which once fell by the limit in the morning, has been close to the freezing point when the stock market fell sharply in July 2015. The reason is that the reduction plan frequently disclosed by the company’s executives recently has become the fuse. According to statistics, 13.41% of the shares that have been transferred and planned to be reduced in Hubei Huitian New Materials Co.Ltd(300041) in the past four months.
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Securities Times (special area)
Liu Shiyu: promoting the healthy development of the fund industry in five aspects
When attending the 20th anniversary forum of China’s fund industry yesterday, Liu Shiyu, chairman of the CSRC, said that he would do a good job in five aspects in promoting the healthy development of the fund industry, including encouraging private equity and venture capital funds to actively participate in enterprise mergers and acquisitions, debt to equity swap and equity financing, We will study and improve the reverse linkage mechanism between the listing lifting period and the investment period of enterprises invested by venture capital funds in the field of M & A, continue to improve the examination and approval services of public funds, and accelerate the development of equity public funds.
the implementation of private asset management business rules and the setting of “new and old separation” flexible arrangement
The CSRC issued the measures for the administration of private asset management business of securities and futures operating institutions and the provisions on the operation and management of private asset management plan of securities and futures operating institutions (collectively referred to as the asset management rules) last night as supporting implementation rules for the guiding opinions on regulating the asset management business of financial institutions, which will be implemented from the date of promulgation, mainly on the unified regulatory standards The rules are set in seven aspects: compacting the main responsibilities of business institutions and strengthening key risk prevention and control.
3732000! 50ETF option transaction record
With the continuous sharp rise in the A-share market, 50ETF call options also soared. For two consecutive trading days, the trading volume of 50 ETF options continued to set a record high, rising from 3.326 million ETF options on October 19 to 3.732 million on October 22. Among them, the number of call options soared from 1.94 million on October 19 to 2.382 million on October 22. This is also the first time that the trading volume of 50ETF call options exceeded 2 million.
Wanjiale was involved in the grassroots investment case, and the chairman lost contact with the subsidiary was investigated
On the evening of October 22, Wanjiale (000533) announced that it had received a report from relevant personnel of Zhejiang Hansheng Bangchuang Industrial Co., Ltd., a holding subsidiary. On October 19, Zhejiang Hansheng received the “closure decision” issued by Yuhang branch of Hangzhou Public Security Bureau, which mentioned that Yuhang branch of Hangzhou public Security Bureau was investigating the case of Jin Zhongchuang and others suspected of illegally absorbing public deposits, It is found that some property and documents held by Han Sheng in Zhejiang can be used to prove that the suspect is guilty or innocent.
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Securities Daily (special area)
during the year, 3 insurance companies raised their cards and 4 listed companies made high-quality equity investment to help “adjust the structure”
As a steady value investor, the trend of insurance funds has attracted much attention. Recently, the person in charge of the regulatory department made it clear to support insurance funds, give full play to the long-term and stable investment advantages of insurance funds, and strengthen the financial and strategic investment of insurance funds in high-quality listed companies. At the same time, insurance funds are allowed to set up special products to participate in resolving the liquidity risk of stock pledge of listed companies, which are not included in the supervision of equity investment proportion.
10 listed banks have “officially announced” the establishment of financial management subsidiaries
Recently, the regulatory authorities issued the measures for the management of financial subsidiaries of commercial banks (Draft for comments), which designed the structure of financial subsidiaries of commercial banks in detail. It can be said that the implementation of financial subsidiaries of commercial banks is in sight. Since China Merchants Bank Co.Ltd(600036) first announced the proposed establishment of asset management company on March 24 this year, 10 banks have “officially announced” similar establishment plans, of which the registered capital of Puyin asset management plan is the highest, up to 10 billion yuan.
184 companies forecast annual performance of 33 companies and expected net profit to double
According to statistics, as of October 22, 184 companies in the two cities had issued annual performance forecasts. According to the data, the overall performance of these 184 companies is acceptable. 33 companies expect the net profit to increase by more than 100% year-on-year (sorted by the index of the maximum change range of expected net profit, the same below). In addition, 93 companies expect the net profit to increase year-on-year, that is, 126 of these 184 companies expect the net profit to increase to varying degrees, Accounting for about 68% of the total.
Li Shufu called Geely black public relations a villain to frame and directly point to the water army of a brand
On October 21, Li Shufu, chairman of Geely Group, personally held a meeting to listen to the work reports of front-line employees of public relations, legal affairs and compliance system. In the article “the world is so complex, we must calm down”, he stressed that Geely has no “black public relations”, and Chinese automobile brands have a long way to go. We must work together to grasp products rather than engage in internal struggle.
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