China Securities Journal ( zone )
SASAC set the tone for the “bottom reading theory” of state-owned assets to pursue the normal market-oriented behavior of mutual benefit and win-win
Recently, state-owned assets frequently “take over” private listed companies have become the focus of the capital market. In response to some media reports that state-owned assets “copy the bottom” to acquire private listed companies, resulting in the phenomenon of “state advance and people retreat”, Peng Huagang, Deputy Secretary General of the SASAC of the State Council, said at the press conference of the State Information Office held on October 15 that this is only a normal market-oriented behavior of state-owned enterprises and private enterprises in the current environment. It is a mutually beneficial and win-win market choice for state-owned enterprises and private enterprises, and there is no problem of who enters and who retreats.
monetary control ammunition is sufficient and the material cost of standard reduction is preferred
The fourth targeted RRR reduction in the year was officially implemented on the 15th. Many experts interviewed by reporters said that at present, the liquidity of the inter-bank market remains reasonably abundant, but the difficulty of financing the real economy still has shackles in some links. For future monetary regulation, experts believe that RRR reduction may be a priority, so as to release the base currency, ensure credit supply, and stabilize the market’s confidence in long-term liquidity.
weekly increase of more than 5 billion long-term funds against the trend and increase positions in ETF
Recently, as one of the market weathervanes, the undercurrent of ETF market surged, and many funds made net subscription last week. China Securities Journal reporter learned that the increment of this round of ETF funds may mainly come from insurance funds. According to statistics, as of October 12, among equity ETFs, 67 shares increased last week, 8 shares increased by more than 100 million, and 14 shares decreased. The shares increased by 5.345 billion last week, the largest weekly increase in ETF shares since the third quarter.
in autumn and winter, the cement industry will limit production
Recently, Anhui, Heilongjiang and other regions have successively issued plans to limit cement production in autumn and winter, and staggered peak production will be implemented. Insiders said that the peak season of the cement industry has come, and the cement prices in many regions continue to rise. With the introduction of production restriction policies in autumn and winter, prices are expected to rise further. At present, the mainstream ex factory price of P.C 32.5R bags is about 350 yuan / ton; P. The mainstream ex factory price of O 42.5 bulk is about 450 yuan / ton, which has increased greatly this year. The high price of cement makes the performance of relevant listed companies bright.
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Shanghai Securities News (special area)
750 billion incremental funds for RRR reduction are in place, and banks put in “plan before move”
On the 15th, the standard reduction package issued by the people’s Bank of China before the National Day officially landed. The RRR reduction released about 750 billion yuan of incremental funds, aiming to optimize the liquidity structure of commercial banks and financial markets and enhance the ability of financial services to the real economy. The reporter of Shanghai Securities News learned from a number of banks that some banks are about to hold business work meetings, and some banks are investigating, but they have not adjusted loan delivery and other indicators for the time being, and may be adjusted in the future.
the debt repayment pressure of real estate enterprises in the next three years should not be underestimated
Recently, Vanke, a leading real estate enterprise, shouted “live” while rapidly acquiring land, which made many small and medium-sized real estate enterprises “jealous and afraid”. For the stressed latter, such a huge sum of money is beyond our grasp. How to live may be the problem we must face in the future. Zheng LIANGHAI, a postdoctoral fellow of the Chinese Academy of financial Sciences, told the Shanghai Securities News that affected by the issuance of bonds in the previous three years, the current financing structure of real estate enterprises has changed, and the debt repayment pressure of real estate enterprises will increase year by year in the next three years, which needs attention.
nearly 20 stocks bucked the trend trading policy and warmed the Shenzhen Hainan plate
On Monday, the Shanghai and Shenzhen stock markets opened low and went low, and the Shanghai index fell back to the integer mark of 2600 points again. While the overall downturn of the industry sector, the local stock sector in Shenzhen rose against the trend and many stocks rose by the limit. In addition, the Hainan plate has frequently received favorable policies recently, and the overall performance is active.
Chifeng Jilong Gold Mining Co.Ltd(600988) shareholder Wang Guoju was publicly condemned for illegal reduction
Wang Guoju, the Chifeng Jilong Gold Mining Co.Ltd(600988) shareholder, was publicly condemned by the Shanghai stock exchange for violating the reduction regulations of shareholders holding more than 5%. According to the investigation, Wang Guoju and the persons acting in concert held 140.56 million Chifeng Jilong Gold Mining Co.Ltd(600988) tradable shares with unlimited sales conditions, accounting for 9.85% of the total share capital of the company. Among them, Wang Guoju holds 25.19 million Chifeng Jilong Gold Mining Co.Ltd(600988) shares, accounting for 1.77% of the total share capital, which is the non-public offering shares of the company subscribed by Wang Guoju in 2015. From June 11 to 13, 2018, Wang Guoju reduced 10.42 million shares of the company through the centralized bidding trading system of Shanghai Stock Exchange, accounting for 0.7345% of the total share capital of the company.
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Securities Times (special area)
in the first three quarters, the profits of central enterprises increased by 21.5%
On October 15, the Information Office of the State Council held a press conference on the economic operation of central enterprises in the first three quarters of 2018. According to the main economic indicators in the previous three quarters, the economic operation of central enterprises showed the characteristics of “three increases and one decrease, three excellence and one decrease”. The total profit was 1349.1 billion yuan, a year-on-year increase of 21.5%.
Shenzhen state-owned assets continued “blood transfusion” and many local companies were assisted
The news that “Shenzhen has arranged tens of billions of funds to help listed companies” quickly fermented on the first trading day of this week. With the continuous decline of the market index, the share prices of 20 local stocks in Shenzhen were strongly closed to the limit on October 15. It is found that even though the news that Shenzhen state-owned assets platform has prepared all the ammunition and entered the market on a large scale has not been realized, the recent contacts and business exchanges between some listed companies and Shenzhen state-owned assets platform have shown a close trend. Various signs show that the support of Shenzhen state-owned assets platform for relevant listed companies will not be limited to conventional methods such as equity and creditor’s rights.
the balance of A-share financing fell below 800 billion yuan, a new low in recent four years
As of October 12, the financing balance of Shanghai Stock Exchange reported 482.668 billion yuan, a decrease of 6.694 billion yuan compared with the previous trading day; The financing balance of Shenzhen Stock Exchange was reported as 310.402 billion yuan, a decrease of 5.884 billion yuan compared with the previous trading day; The two cities totaled 793.07 billion yuan, a decrease of 12.578 billion yuan over the previous trading day. The financing balance of the two cities fell below 800 billion yuan, a new low since November 25, 2014.
overdue debts continue to rise, and zh shares suggest delisting risk
Zhonghong shares (000979) announced on the evening of October 15 that on October 13 and October 14, the total amount of principal and interest of the company’s and its subsidiaries’ new overdue debts was 30.5324 million yuan. As of the announcement date, the total amount of principal and interest of Zhonghong shares and its subsidiaries’ accumulated overdue debts was 5.618 billion yuan, all of which were all kinds of loans.
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Securities Daily (special area)
the heads of the three ministries and commissions spoke out together, and the positive signals of the stock market continued
In recent days, the heads of the three most important ministries and commissions, the central bank, the CSRC and the Ministry of finance, have made positive statements. Yi Gang, governor of the central bank, said that “China still has considerable room for monetary policy tools”; Liu Shiyu, chairman of the CSRC, said, “we will continue to promote the deepening reform and comprehensive opening of the capital market, and launch one when it is mature”; Finance Minister Liu Kun said, “the Ministry of finance is studying larger tax cuts and more obvious fee reduction measures”.
speed up the mixed reform of industrial state-owned enterprises and introduce “active shareholders”
At the recent on-site exchange meeting of “double hundred action” industrial “double hundred enterprises” in the reform of state-owned enterprises, Weng Jieming, deputy director of the state owned assets supervision and Administration Commission of the State Council, said that industrial state-owned enterprises should pay close attention to the transformation of systems and mechanisms, actively and steadily promote the reform of mixed ownership if conditions permit, gradually adjust the proportion of state-owned shares and introduce “active shareholders” according to the functional positioning of different enterprises, Form a diversified ownership structure, standardized shareholder behavior and efficient and flexible operation mechanism.
144 shares are lower than the employee’s share price. Institutions pile up and recommend 15 subject shares
Employee stock ownership plan means that employees within the enterprise contribute to subscribe for part or all of the equity of the company at a specific price, and entrust the employee stock ownership Committee for centralized management. Analysts believe that ESOP includes some incentive mechanisms, so the share price held by employees is often higher than the secondary market price, and the shares below the share price held by employees have high investment potential.
North Industries Group Red Arrow Co.Ltd(000519) for three consecutive years, the lawyer said that the relevant investors have the right to file a claim lawsuit
After nearly 14 months of investigation and evidence collection by regulators, North Industries Group Red Arrow Co.Ltd(000519) the facts and details of the violation of letter Phi have finally been revealed. On the evening of October 10, North Industries Group Red Arrow Co.Ltd(000519) announced that the company received the advance notice of administrative punishment issued by Hunan Securities Regulatory Bureau on October 9. Due to the false records in the annual reports for three consecutive years from 2014 to 2016, the company received a ticket of 300000 yuan, Sui Jianhui and other 15 responsible persons were fined 560000 yuan, and the company and relevant responsible persons received a ticket of 860000 yuan.
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