China Securities Journal ( zone )
the National Symposium on the reform of state-owned enterprises requires seeking progress while maintaining stability and Solidly Promoting the reform of state-owned enterprises
The National Symposium on the reform of state-owned enterprises was held in Beijing on the 9th. Liu He, member of the Political Bureau of the CPC Central Committee, vice premier of the State Council and leader of the state owned enterprise reform leading group of the State Council, attended the meeting and delivered a speech. Wang Yong, State Councilor and deputy leader of the state owned enterprise reform leading group of the State Council, presided over the meeting.
the new financial management regulations have taken effect, and some banks have suspended structured deposit business
The measures for the supervision and administration of financial management business of commercial banks recently issued by the China Banking and Insurance Regulatory Commission stipulates that commercial banks issuing structured deposits should have the corresponding qualification for derivatives trading business. It is reported that on the night of the implementation of the new financial regulations, small and medium-sized banks without derivatives trading qualification received a notice from the “channel bank” to suspend their cooperation in issuing structured deposits. Insiders said that in order to seize the opportunity in the competition, commercial banks must develop “real” structural deposits. At present, commercial banks need to gradually improve their financial research ability and market trading ability.
gambling shell selling occurs frequently: control transfer superimposed performance commitment
Shell selling superimposed performance commitment. This rare phenomenon in the past has continued to appear in the A-share shell trading market recently. Recently, many listed companies such as Holitech Technology Co.Ltd(002217) , Guangdong Songfa Ceramics Co.Ltd(603268) have superimposed three-year performance commitments in the transfer of control, and adopted the “compensation + reward” two-way gambling model to anchor the interests of both buyers and sellers of the shell.
media reports involving disputes over film and television drama projects
Contemporary Oriental received a letter of concern from Shenzhen Stock Exchange on the evening of October 9. According to the letter, the Shenzhen Stock Exchange expressed concern about media reports on contract disputes involving the company’s wholly-owned subsidiary Dongyang mengjiangwei film and Television Culture Co., Ltd. (hereinafter referred to as “mengjiangwei company”) in investing in the TV drama “Zhao’s orphan case” and the transfer of usufruct in investing in the TV drama “great military division Sima Yi”.
> > > Click to view more wonderful articles in China Securities Journal
Shanghai Securities News (special area)
what are the policy signals of expanding domestic demand revealed by the high-level voices of many ministries and commissions
Recently, the high-level officials of the national development and Reform Commission, the Ministry of Finance and other ministries and commissions have made an intensive voice. While comprehensively expounding that China’s economy is resilient and flexible, they have also revealed many policy signals. In the future, a series of policies to expand domestic demand are expected to be accelerated. These policies will focus on reducing taxes and fees, expanding investment and promoting consumption.
bond investment transactions will be subject to new internal control regulations and new internal ratings, and shall not be divided into subcontracting
Bond investment trading once again ushered in regulatory guidelines. It is reported that China Securities Association and China Securities foundation Association have issued the draft for comments of the guidelines on internal control of bond investment and trading business of securities fund operating institutions (hereinafter referred to as the draft for comments). At present, some business departments of securities companies have received the draft of the guidelines for comments. The draft of the guidelines gives a more detailed description of compliance risk control management requirements, internal rating, incentive mechanism and other issues.
the mixed reform of “stepping on the accelerator” in the reform of local state-owned enterprises will become a breakthrough
The reform of state-owned enterprises in 2018 will enter a sprint stage. In the third quarter of this year, the “double hundred action” of state-owned enterprise reform was launched nationwide. The opinions on several policies for deepening the pilot reform of mixed ownership jointly issued by multiple ministries and commissions broke through multiple institutional obstacles in one fell swoop, providing a strong driving force for the reform. The reporter of Shanghai Securities News noted that recently, many provinces and cities have successively formulated relevant policies to help reform.
the annual salary of the same A-share chairman varies by 1000 times. Some are more than 10 million, while others are only in their early 10000
In 2017, the total remuneration of the chairman of A-share listed companies was 2.467 billion yuan, with an average remuneration of 770800 yuan. Among them, the annual salary of 4 chairmen exceeded 10 million yuan, and the annual salary of 37 chairmen exceeded 5 million yuan. However, some chairmen were very “dignified” and had an annual salary of just over 10000 yuan.
> > > Click to view more wonderful articles in Shanghai Securities Journal
Securities Times (special area)
Shanghai announced the negative list of cross-border service trade in the free trade zone
In order to implement the relevant requirements of Shanghai’s “100 articles on expanding opening up”, the Shanghai municipal government yesterday issued the measures for the implementation of the negative list management mode of cross-border service trade in China (Shanghai) pilot free trade zone and the special management measures for cross-border service trade in China (Shanghai) pilot free trade zone (negative list) (2018) to explore the implementation of the negative list management mode of cross-border service trade.
CSRC: encourage enterprises to go global through cross-border mergers and acquisitions
China’s one belt, one road national capital market seminar organized by the China Securities Regulatory Commission was successfully held on the Shenzhen stock exchange recently. One belt, one road, is a concrete measure to strengthen the exchange and cooperation of capital markets along the “one belt and one road”. It is a positive attempt to lay a solid foundation for further development of bilateral multilateral cooperation.
the gold leasing wealth management platform failed to cash the thunder, and the amount involved exceeded 300 million
Buy gold for customers, and then supply their gold to well-known jewelry retail brands, so that customers can obtain gold rental income – this is a relatively small and highly hidden precious metal rental financial management model. Some investors have escaped the frequent explosion of P2P (online loan platform), but they have not escaped the seemingly clear asset investment and non nested gold leasing financial trap.
Shengyun environmental protection is deeply in debt crisis, and 215 million yuan of bonds have not been cashed
Shengyun environmental protection (300090) announced on the evening of October 9 that the company should cash the due principal and interest of the first phase of ultra short-term financing bonds in 2018 before October 9, totaling about 215 million yuan. However, due to the shortage of working capital, the company failed to cash on schedule. Shengyun environmental protection has been subject to litigation, arbitration and inquiry this year due to a number of major issues such as overdue debts, huge losses and illegal guarantees, which has led to the shareholding of major shareholders, the freezing of bank accounts and the decline of bond credit rating. Now, Shengyun environmental protection is deeply in a debt crisis.
> > > Click to view more wonderful articles of the securities times
Securities Daily (special area)
the Institute of financial strategy of the Chinese Academy of Social Sciences predicts that the annual economic growth this year will be about 6.6%
“In 2018, the supply side data were basically stable, some demand side data changed more, and there was downward pressure on economic growth. The three key battles in 2019 still need to be carried out in depth and continuously.” Researcher Wang Hongju, director of the comprehensive economic strategy research department of the Institute of financial strategy of the Chinese Academy of Social Sciences, said. On October 9, the “quarterly analysis meeting of NAEs macroeconomic situation (Q3 2018)” jointly organized by the Institute of financial strategy of the Chinese Academy of Social Sciences and the economic information daily of Xinhua news agency was held in Beijing. Wang Hongju made the above remarks when summarizing the theme report.
expand opening up and continue to take multiple measures to “stabilize foreign investment”
According to the data of the Ministry of Commerce, in the first eight months of this year, more than 40000 foreign-invested enterprises were newly established in China, double that of the same period last year; The amount of foreign capital absorbed was 560.43 billion yuan, a year-on-year increase of 2.3%. Among them, one belt, one road, and the other side of the US investment in China increased by 23.6% over the same period last year. The investment in China increased by 26.3%.
the average listing price of second-hand houses in Baicheng is 15000 yuan / m2, and nearly half of the cities have reduced the bidding price
According to the data, in September 2018, the average listing price of second-hand houses in 100 key cities was 15329 yuan / m2. In terms of the number of rising and falling cities, the average listing price of second-hand houses rose in 51 cities, with an average increase of 0.46%; 3 cities; 46 cities fell, with an average decline of 0.75%. Overall, the average listing price of second-hand houses in 100 cities fell by an average of 0.11% month on month, and the market cooling appeared.
share price downturn “breaking the net” stirred up the Yellow allotment of Soochow Securities Co.Ltd(601555) 6.5 billion yuan, and the refinancing plan was terminated
Yesterday, Soochow Securities Co.Ltd(601555) announced that it had received the notice of termination of examination of administrative license application of CSRC. So far, the company’s share allotment plan with a maximum fund-raising of 6.5 billion yuan has been officially terminated.
> > > Click to view more wonderful articles in Securities Daily
