China Securities Journal ( zone )
improve the implementation plan of consumption promotion system and mechanism, and further relax market access in the field of service consumption
The general office of the State Council recently issued the implementation plan for improving the consumption promotion system and mechanism (2018-2020) (hereinafter referred to as the plan), which deployed to speed up the cracking of the most direct, prominent and urgent institutional and institutional obstacles restricting residents’ consumption, so as to further stimulate residents’ consumption potential.
boost confidence and listed companies set off a “repurchase tide”
According to the statistics of China Securities Journal, nearly 1000 repurchase plans have been announced in Shanghai and Shenzhen this year. A large number of repurchase have boosted investor confidence and promoted the stability of stock prices. At the same time, how to reduce the symbolic repurchase and emergency repurchase of A-Shares and truly make the repurchase become a “sharp weapon” to repay shareholders has attracted the attention of all parties in the market.
foreign institutions believe that the valuation advantage of A-Shares is obvious
Since October, great changes have taken place in the capital market environment at home and abroad, and the A-share market has also been significantly adjusted after the festival. As the main channel for foreign capital to distribute a shares, northbound capital showed a net outflow trend in the four trading days after the festival, showing subtle changes in the rhythm of foreign capital entering the market under the background of the overall adjustment of the domestic and foreign markets. However, foreign institutions interviewed by China Securities Journal said that although the volatility of the Chinese market has increased in the short term, the overall stability of China’s economy is higher than that of most other emerging market economies, with obvious valuation advantages, and the attraction of the A-share market is still high.
three questions purple optics University of investment and service center
On October 11, at the media briefing on the major asset restructuring of Ziguang University, the CSI small and medium-sized Investor Service Center raised questions on the realizability of the expected income of the subject asset ( Tianshan Aluminum Group Co.Ltd(002532) ), the impact of the project under construction on the profit forecast and the realizability of the promised performance growth.
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Shanghai Securities News (special area)
nearly 30 companies lined up to speed up the expansion of reinsurance market
China’s reinsurance market is accelerating its expansion, and foreign reinsurance institutions are adding new members. The cbcirc recently disclosed on its official website that it approved the Korean reinsurance company to establish a branch in China.
There are nearly 30 Chinese and foreign reinsurance companies waiting in line, and the reinsurance market at the back end of the insurance industry chain is quietly changing. At the same time, with the further release of policy effects, the reinsurance market is about to enter a new stage of deepening reform and accelerating development.
foreign shares of automobile enterprises landed at BMW 29 billion “whip” for the first time
Substantial progress has been made in the policy of liberalizing foreign shares of Chinese automobile companies, and BMW has tasted the first soup. On the evening of October 11, brilliance chi (01114. HK), the listing platform of brilliance automobile in Hong Kong, announced that the company planned to sell 25% equity of brilliance BMW to BMW at a price of 29 billion yuan, which means that the overall valuation of brilliance BMW reached 115.8 billion yuan. After the completion of the transaction, BMW will hold 75% equity of brilliance BMW. At the same time, both parties agreed that the operation period of brilliance BMW will be extended to 2040, and BMW will also localize and put into production X5 and Bev vehicles.
more companies raised their forecast results in the third quarter than expected
There are Jiangsu Shagang Co.Ltd(002075) and Waihai shares that have significantly revised their performance expectations upward. Jiangsu Shagang Co.Ltd(002075) the estimated net profit range for the first three quarters was adjusted upward from 758 million yuan to 943 million yuan to 870 million yuan to 1054 million yuan, with an adjustment range of more than 100 million yuan, with a year-on-year growth range of 135% to 185%. As for the reasons for correcting the performance, Jiangsu Shagang Co.Ltd(002075) the announcement explained that in the third quarter of this year, the overall supply and demand of the steel industry was stable, the steel price continued to operate at a high level, the company’s sales revenue and product gross profit margin were better than expected, and the operating performance continued to grow.
is there a contradiction between Vanke’s “living” and “buying”?
Vanke, the leading real estate enterprise that shouted “live” at the regular meeting in autumn, has become a net red in the real estate industry, and its every move affects the nerves of the industry. A recent announcement by real estate peers China Fortune Land Development Co.Ltd(600340) once again pushed Vanke to the front desk.
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Securities Times (special area)
investors are concerned about the trend of a shares, and dozens of companies say “maintaining stability”
After the National Day holiday, A-Shares were significantly adjusted. After yesterday’s closing, dozens of companies, including Petrochina Company Limited(601857) , collectively voiced and responded to concerns, expressed concern about the stock price and would strive to improve operating performance. Some enterprises said they would launch measures to maintain the stability of stock price in due time.
the issuance of consumer finance company licenses has been restarted, and two have been approved this year
Recently, Xiamen jinmeixin Consumer Finance Co., Ltd., the first joint venture consumer finance company on both sides of the Strait, was approved to open its business and plans to officially serve the outside world on October 22. In September, the application of CITIC Group, CITIC Trust and Kingdee International to establish a consumer finance company was also approved by the cbcirc. This means that since this year, two consumer finance companies have been approved to prepare for establishment or start business, which has been greatly improved compared with 2017. Previously, for more than a year, the regulatory authorities did not issue new licenses.
Midea real estate broke the first day, and medium-sized mainland real estate enterprises lined up to land in Hong Kong stocks
On October 11, Midea real estate (03990. HK) officially landed on the main board of the Hong Kong stock exchange. Hao Hengle, chairman, executive director and President of he Hengjian and Midea real estate holdings, founder of Midea Group Co.Ltd(000333) , sounded the gong and drum at the Hong Kong stock exchange to announce its official listing. Midea real estate opened at HK $16.60 lower than the issue price, and then opened low and went low. The transaction was sluggish, closing at HK $15.88, down 6.59% throughout the day, with a transaction amount of HK $200 million.
A-Shares are now victims of “fake central enterprises” * Zhejiang Unifull Industrial Fibre Co.Ltd(002427) suing China Huayu subsidiary
After the securities times · e company launched continuous investigations into the “fake central enterprise” scam of China Huayu, Rongyu Group Co.Ltd(002622) , Shenzhen Dvision Co.Ltd(300167) and other A-share companies have cut off their cooperation with companies under China Huayu. On the evening of October 11, another A-share company said it was successful.
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Securities Daily (special area)
central bank: the leverage ratio has stabilized and the growth of money and credit has been moderate
On October 11, Yi Gang, President of the people’s Bank of China, met with Steven mnuchin, US Treasury Secretary at request during the International Monetary Fund / World Bank annual meeting in Bali, Indonesia, and exchanged views on relevant economic and financial issues. Also met with Federal Reserve Chairman Jerome H. Powell and John Williams, chairman of the New York Fed, exchanged views on China US economic and financial situation, monetary policy and other issues.
local infrastructure investment “stepped on the accelerator” hundreds of billions of yuan, and major projects started in clusters
Recently, a large number of major projects have been started in Hebei, Jiangxi and Anhui, with a total investment of hundreds of billions of yuan. Analysts said that the purpose of infrastructure weakness board is not only to ensure GDP growth or stabilize social capital investment and enterprise performance growth, but also to achieve the balance of economic and living standards among different regions through the further development of urbanization, so as to realize the optimal allocation of resources. It is expected that the corresponding supporting policies will be further introduced.
insiders talk about the market: professional institutions invest on bargain hunting
On October 10, the second working meeting of the professional committee of private equity and M & A investment funds of China Securities Investment Fund Association (hereinafter referred to as the special committee) in 2018 was held in Beijing. The meeting focused on hot topics such as the active participation of M & a funds in the capital market; The committee members actively exchanged views and experiences and held that “the worst time in the market is the best time for investment”, “professional institutions invest on bargain hunting” and “often the worst time in the market is the best time for PE investment”. Although there are certain fluctuations in the current capital market, there are good long-term value investment opportunities.
Can the FDA spokesman correct the import ban Zhe Jiang Hua Hai Pharmaceuticalco.Ltd(600521) valsartan incident take a turn now?
Affected by the storm of valsartan API, Zhe Jiang Hua Hai Pharmaceuticalco.Ltd(600521) on October 11, the share price fell again, which was the company’s limit for four consecutive trading days. It is worth mentioning that this matter has made new progress. On October 11, according to media reports, a spokesman for the U.S. FDA said in an interview that the FDA’s import ban on Zhe Jiang Hua Hai Pharmaceuticalco.Ltd(600521) only involves one plant, namely Zhe Jiang Hua Hai Pharmaceuticalco.Ltd(600521) ‘s southern Sichuan production base. On the official website of FDA, the export ban has not yet indicated the specific plant area involved.
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