China Securities Journal ( zone )
FTSE Russell announced the inclusion of A-Shares into its global stock index system Fang Xinghai: it is conducive to the further introduction of overseas long-term funds
On September 27, the press conference and seminar of FTSE Russell’s 2018 China A-share evaluation results were held in the trading hall of Shanghai Stock Exchange. That morning, FTSE Russell announced that it would include A-Shares into its global stock index system and classify them as sub emerging markets, which will take effect in June 2019. Fang Xinghai, vice chairman of China Securities Regulatory Commission, said in his speech that the successful inclusion of A-Shares in FTSE Russell index can be said to be natural and in line with the expectations of all parties. It is another milestone event in the process of internationalization of China’s capital market, which is conducive to further introducing overseas long-term capital and improving the structure of A-share investors, Further improve the internationalization level of the A-share market and the efficiency of resource allocation.
the scale of structured deposits has exceeded 10 trillion yuan, and the “fuzzy zone” still exists. Regulatory measures are ready
According to the statistics disclosed by the central bank, as of August, the stock scale of structural deposits (including individuals and units) of Chinese funded national banks had exceeded 10 trillion yuan. Insiders in the banking industry said that under the background of the gradual implementation of new regulations on asset management and financial management, structured deposits have become the “new favorite” of commercial banks instead of principal guaranteed financial management. At the same time, at present, banks have greatly promoted “false structural deposits” through the “fuzzy zone” of supervision, which has attracted the attention of regulatory authorities. People familiar with the matter told the China Securities Journal that the regulatory measures related to structured deposits are being intensively studied and formulated, and the definition and accounting rules of structured deposits are expected to be clear.
the atmospheric control plan for autumn and winter in Beijing, Tianjin and Hebei is released. All localities formulate peak shifting production plans according to air quality
On September 27, the Ministry of ecological environment issued the action plan for comprehensive treatment of air pollution in autumn and winter 2018-2019 in Beijing, Tianjin, Hebei and surrounding areas, requiring PM2 in Beijing, Tianjin, Hebei and surrounding areas in autumn and winter this year 5. The average concentration decreased by about 3% year-on-year. Different from last year, the unified limited shutdown ratio has been cancelled, and the peak shifting production time has been formulated according to local conditions and air quality.
the sale of core assets is blocked, and the “self rescue” of the actual controller of Taihe health is in a deadlock
Wang Renguo, the actual controller of Taihe health, who has been lost for more than four months, is facing debt repayment pressure. The veteran “dark horse” rich man is now eager to sell the core assets of “Taihe system” (Taihe Group and its subsidiaries) to block the risk exposure, but things are not going well. “Boss Wang’s asking price is too high. According to the current market situation, it is difficult for investors to talk together.” On September 25, an investor participating in the negotiation told the China Securities Journal that many investors had contacted the asset disposal team of “Taihe Department”, but there were great differences in transaction consideration and methods, and the transaction was at an impasse.
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Shanghai Securities News (special area)
the giants of international index companies are eager to extend an olive branch to a shares: Chinese assets have become the inevitable choice for international capital allocation
This week, the world’s two largest index companies successively extended olive branches to a shares. After MSCI announced that it would consider significantly increasing the inclusion factor of A-Shares from 5% to 20%, FTSE Russell announced yesterday that it would include A-Shares into its global stock index system, classified as a secondary emerging market, which will take effect in June 2019. Behind the two major international index compilation companies are investors who manage up to $25 trillion in global financial assets. It is the urgent needs of investors that promote MSCI and FTSE Russell to accelerate the integration of A-Shares into their index system. In the view of global investors, as the world’s second largest economy, China’s capital market is an indispensable part of global asset allocation.
the transfer of equity of non listed companies by social security fund is exempted from stamp tax
The notice on the tax policy of the national social security fund on investment business recently issued by the Ministry of Finance determines that the transfer of equity of non listed companies to the social security fund managed by the social security fund and the social security fund investment manager shall be exempted from the stamp tax payable by the social security fund and the social security fund investment manager.
Shanghai property rights protection target registered residence, non resident permanent residents were included in
From October 8, 2018, the non permanent registered residence in Shanghai will be included in the scope of the protection of the property rights of the common property. On September 27, Shanghai issued the implementation opinions on further improving the city’s housing work with common property rights protection (hereinafter referred to as the “opinions”). According to the opinion, there are new groups of people who have the property rights protection housing security scope to meet: the registered residence permit in Shanghai, with the score reaching the required standard score (120 points), married, no housing in Shanghai, continuous payment of social insurance or personal income tax in Shanghai for 5 years, and the non resident permanent population conforming to the common property protection housing income and property access standard.
once again became a “fairy stock” for 10 consecutive days, suggesting delisting risk
As it has become a “fairy stock” for 10 consecutive trading days (the share price is less than 1 yuan), Zhonghong shares began a new round of risk tips that may be terminated from listing. Zhonghong shares announced today that the closing price of the company’s shares has been lower than the stock par value (i.e. RMB 1) for 10 consecutive trading days (September 13-27, 2018). According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange, the listing of the company’s shares may be terminated.
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Securities Times (special area)
Yan Qingmin: accurately safeguard investors’ rights and interests by using Internet technology
Recently, Yan Qingmin, vice chairman of the CSRC, said at the opening ceremony of the first “small and medium-sized Investor Service Forum” that over the past 20 years, investor protection has established new ideas, constructed new systems, established new systems, explored new ways and created a new platform. As an important part of the capital market, investor protection should serve the overall situation and make new contributions to the development of the capital market. We should severely punish the abuse of the name of science and technology and the violation of financial laws. We should also make full use of Internet technology, new media and other communication tools to achieve accurate maintenance of investors’ rights and interests.
many insurance companies are in a hurry to increase their capital. Foreign shareholders of state-owned assets have become guests
Since this year, some insurance companies have been affected by the reduction of investment income and other factors, their solvency is urgent, and it is urgent to increase capital and shares. However, only eight insurance companies have approved the equity change. After the implementation of the new regulations on equity management of insurance companies, it is more difficult for capital to enter the insurance industry, whether through the establishment of new subjects or the acquisition of old equity. According to the reporter’s investigation, insurance companies looking for new shareholders tend to seek state-owned assets, foreign capital, or private enterprises with “clear identity”, while private investors with unclear equity relationship are more excluded.
the market value of restricted shares lifted in October was 145.9 billion yuan, the third lowest in the year
In October, the market value of the restricted shares issued by the original shareholders was 49.1 billion yuan, an increase of 7.883 billion yuan or 19.13% over 41.197 yuan in September. The market value of non IPO original shareholders in share reform and private placement was 96.8 billion yuan, a decrease of 1.497 billion yuan or 1.52% compared with September. In October, the total market value of restricted shares was 145.9 billion yuan, an increase of 6.386 billion yuan or 4.58% over September. The market value of the lifted ban in October increased slightly month on month, which is currently the third lowest in the year.
suspected of violating the rules of xinphi and Gaosheng holdings was filed for investigation
Gaosheng Holdings (000971) announced on the evening of September 27 that it had received the investigation notice from the CSRC. The company was filed for investigation on suspicion of illegal information disclosure. Gaosheng Holdings said that during the investigation period, the company will actively cooperate with the CSRC in the investigation. According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange, the company will disclose the risk warning announcement that the company’s shares may be suspended and terminated at least once a month.
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Securities Daily (special area)
the combination of reducing social insurance premium rate and other burden will help the upgrading of “mass entrepreneurship and innovation”
The State Council recently issued the opinions on promoting the high-quality development of innovation and entrepreneurship and creating an upgraded version of “mass entrepreneurship and innovation”, which proposed to strengthen the support of fiscal and tax policies. Focus on tax reduction and fee reduction, study the appropriate reduction of social security rates, ensure that enterprises do not increase the burden on the whole, and stimulate market vitality. The policy of increasing the plus deduction proportion of enterprise R & D expenses to 75% will be expanded from science and technology-based small and medium-sized enterprises to all enterprises. For individuals buying and selling stocks on the new third board in the secondary market, the income from price difference shall be exempted from individual income tax by comparing with the stocks of listed companies. The scope of preferential policies such as exemption from real estate tax and value-added tax enjoyed by national science and technology business incubators and university science and technology parks will be extended to the provincial level, and qualified maker spaces can also be enjoyed.
the issuance scale of personal consumer finance ABS decreased sharply by 45% during the year. Licensed consumer finance companies will run
According to the preliminary statistics of China asset securitization analysis network, as of yesterday, 59 personal consumer loan ABS products (including enterprise ABS and credit ABS) have been issued in the market this year, with a total issuance scale of about 134.2 billion yuan, a decrease of about 45% compared with the same period last year.
the Audit Office named local illegal borrowing CCT 400 million yuan “blood transfusion” local government implicit debt
On September 25, the website of the National Audit Office disclosed the follow-up audit results on the implementation of major national policies and measures in the second quarter of 2018 (Announcement No. 48 of 2018). The announcement shows that 9 cities and counties (districts) in 6 provinces have formed 8.863 billion yuan of implicit debt of local governments. Among them, CCB trust involves the trust loan project in Nayong County, Guizhou Province, involving a loan amount of 400 million yuan.
major shareholders and related parties were found to have accounted for 1.054 billion yuan * ST Kaidi delayed replying to the inquiry of the exchange for 9 times
Recently, the occupation of huge funds of listed companies by * ST Kaidi’s major shareholders and their related parties, which has aroused great concern in the market, has been highly valued by relevant regulatory authorities. On September 18, Hubei Securities Regulatory Bureau issued a decision on administrative supervision measures for * ST Kaidi. The decision pointed out that after the on-site inspection of * ST Kaidi, it was found that the company had three non operating fund occupation problems, and the non operating fund occupation formed by major shareholders and related parties amounted to RMB 1.054 billion.
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