China Securities Journal ( zone )
in August, new loans of 1.28 trillion M2 increased by 8.2% year-on-year
Data released by the people’s Bank of China on the 12th showed that RMB loans increased by 1.28 trillion yuan and foreign currency loans decreased by 6.2 billion US dollars in August; The increment of social financing scale was 1.52 trillion yuan, 37.6 billion yuan less than that in the same period of last year; At the end of August, the balance of broad money (M2) was 178.87 trillion yuan, a year-on-year increase of 8.2%.
283 companies have a record breaking number
As of September 12, the data showed that the share prices of 283 A-share companies had fallen below their net assets, a new high since 2008. Among them, the number of net breaking companies in real estate, public utilities and other industries ranks first, and the proportion of net breaking companies in banking industry is high. Many net breaking companies actively save themselves by means of share repurchase, increased holdings of major shareholders, employee stock ownership plan, equity incentive and so on.
the establishment scale of collective trust increased by 20% month on month in August
The latest data show that in the past August, 1227 collective trusts were established, and a total of 63 companies participated in the issuance. The number of products increased by 13.19% month on month and 39.12% year-on-year; The establishment scale was 140.739 billion yuan, an increase of 20.25% month on month and a year-on-year decrease of 24.71%. In August, the number and scale of collective trust products increased month on month. Insiders said that the recent policy tone has changed from “wide currency + tight credit” to “stable currency + wide credit”. In addition, the release of the implementation rules for the transition period of the new trust asset management regulations has brought certain positive incentives to the development of the trust company.
Leo Group Co.Ltd(002131) intends to buy “official account” and receive letter of concern
On the evening of September 12, Leo Group Co.Ltd(002131) Shenzhen stock exchange received a letter of concern from Shenzhen Stock Exchange, which expressed great concern that Leo Group Co.Ltd(002131) plans to acquire 75% equity of Suzhou Mengjia in cash. Shenzhen stock exchange requires the disclosure of Suzhou Mengjia’s business content of “intensive cultivation of content and sinking of incremental users”; Combined with the operation mode, profit mode and revenue confirmation mode of the media marketing business, this paper illustrates the operating income, operating cost and gross profit margin of Suzhou Meng Jia, compared with the core competitiveness of Suzhou WeChat’s official account, and whether the target company has continuous profitability.
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Shanghai Securities News (special area)
the central bank launched 60 billion reverse repo, ending zero investment for 10 consecutive days
The people’s Bank of China launched a 60 billion yuan reverse repurchase operation in the open market on the 12th. Previously, the people’s Bank of China has suspended reverse repo for 15 consecutive trading days. Since there was no expiration of reverse repo on that day, this operation realized a net liquidity investment of 60 billion yuan, thus ending zero investment and zero return in the open market for 10 consecutive trading days.
the upside down pattern of capital interest rate initially appears, and banks with additional credit bonds are actually helpless
The downward interest rate superimposed the effect of the “wide credit” policy, and the buying of credit bonds increased in August. According to the latest Bond Custody data released by Shanghai clearing house, as of the end of August, the custody balance of short-term financing bonds, ultra short-term financing bonds and medium-term bills increased by 41.7 billion yuan, 70.8 billion yuan and 129.8 billion yuan respectively. Commercial banks and securities companies have become the main force of increasing holdings. The former prefers short-term credit bonds, while the latter increases positions in medium and long-term credit bonds.
mainstream insurance companies sell the layout on the left, and the financial and cycle industry
Although the stock index continued to decline in a weak shock recently, most of the mainstream insurance institutions interviewed still maintained the relatively positive view of “the end of the policy has come” and began to gradually “sell”. In the near future, they plan to lay out high-quality stocks in the financial and cycle industries on the left.
backdoor “divine operation”: sleeping in the arms of state-owned assets and encountering a hot pillow
Mengwang group has just changed its course and will soon fall into a new embrace – Shenzhen state owned assets. To find such a receiver, the shareholders of mengwang group will probably be dizzy with happiness. In other words, the recent shell selling has ushered in a wave of fierce operations, and the strength of the gold owner is good, and the undercurrent of the shell market is surging.
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Securities Times (special area)
the flow of insurance capital into the real economy accelerated, and the number of registered projects hit a new high this year in August
Insurance funds are showing a momentum of accelerating the flow into the real economy. In August, the total number of debt plans and equity plans registered by insurance asset management companies to invest in physical enterprises or projects reached 26, with a scale of 66.775 billion yuan, both reaching a new high this year. Previously, the number of registrations in July was also higher than that in the first half of the year.
hit a four-year low! The return on net assets of securities companies is less than 3.89%
According to the statistics of the semi annual report, the return on net assets (ROE) of 32 securities companies listed on A-Shares is expected to be less than 3.89% this year, a new low in four years and bid farewell to the roe of more than 20% in 2015. In the first half of the year, only three A-share listed securities companies (excluding losses) increased roe year-on-year, namely Citic Securities Company Limited(600030) , Huatai Securities Co.Ltd(601688) and Central China Securities Co.Ltd(601375) . The stock price performance is not optimistic. As of September 12, except for the secondary new shares China Securities Co.Ltd(601066) and Nanjing Securities Co.Ltd(601990) , brokerage stocks fell almost all over the board compared with the beginning of this year, with a maximum decline of 60%, of which only four brokerage stocks Citic Securities Company Limited(600030) , Huatai Securities Co.Ltd(601688) , Shenwan Hongyuan Group Co.Ltd(000166) , Gf Securities Co.Ltd(000776) barely outperformed the market.
the global open-end fund is nearly 54 trillion US dollars, and China surpasses Japan in the eighth
On behalf of the International Investment Fund Association (IIFA), the American Association of investment companies (ICI) compiled statistics from 47 countries (regions) around the world. As of the end of the first quarter of this year, the total assets of global open-end funds (including fof) were US $53.9 trillion. Among them, the asset scale of global open-end funds (excluding fof) increased by 1.5% to US $50.01 trillion. In addition, the net cash inflow of global open-end funds reached US $584 billion in the first quarter. At present, equity funds account for the largest proportion of global open-end funds. In the first quarter, the sales in Europe are large. The United States is still the largest country of open-end funds. The scale of Chinese funds has surpassed Japan and ranked eighth in the world.
Lotus Health Group Company(600186) a financing overdue was sued. Xia Jiantong was still the actual controller
Although Xia Jiantong has resigned as chairman of the board of directors, Lotus Health Group Company(600186) (600196) is still in trouble. Listed companies are faced with the dilemma of debt, limited consumption of actual controllers and full withdrawal of controlling shareholders from the board of directors. On September 12, Lotus Health Group Company(600186) released a lawsuit announcement, which showed that it had recently received subpoenas, indictments and other relevant materials from the intermediate court of Zhengzhou City, Henan Province. For disputes arising from overdue credit financing, China Minsheng Banking Corp.Ltd(600016) Zhengzhou branch submitted an indictment to Zhengzhou intermediate people’s court, which has accepted it.
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Securities Daily (special area)
the effect of tax reduction and fee reduction expanded, and the fiscal revenue decreased by 638.4 billion yuan month on month in August
Data released by the Ministry of Finance yesterday showed that in August, the national fiscal revenue and expenditure operated well. The effect of the policy of tax reduction and fee reduction has further appeared, and the growth of national fiscal revenue has slowed down; Key expenditures were effectively guaranteed, and the national fiscal expenditure generally maintained a rapid growth. Data show that in August, the national general public budget revenue was 1107.7 billion yuan, a year-on-year increase of 4% and a month on month decrease of 638.4 billion yuan.
the CBRC strictly investigated the illegal inflow of credit funds into the housing market, and many banks were fined
The reporter learned that the China Banking and Insurance Regulatory Commission issued 418 bank tickets in August, fined and confiscated about 131.39 million yuan, and 265 people were held accountable. Among them, the five major banks received 46 tickets and joint-stock banks received 14 tickets. In terms of the punished areas, real estate loans have become the focus of this supervision, and many banks have been punished for the illegal inflow of personal credit funds into the property market.
the net profit of 426 information technology companies on the new third board doubled
On September 12, the data disclosed by the national share transfer system showed that the performance of Listed Companies in the information technology industry of the new third board in the first half of 2018 exceeded the average level of the new third board market. More than 60% of the listed companies in the information technology industry have made profits, and some leading enterprises have performed well. The “small and beautiful” companies also show high growth.
LETV resumed trading today. The fundamentals have not changed. The risk is difficult to eliminate
LETV (300104), which began to stop trading verification due to abnormal stock price fluctuations on the 6th, announced on the evening of the 12th that the company had completed relevant verification, and the trading of the company’s shares would resume from the opening of the market on the morning of September 13, 2018. After verification, there is no need to correct or supplement the information disclosed by the company in the early stage; The company has not received any on-site research from institutional and individual investors recently; At present, more than 5% of the company’s shareholders have no plan to increase their holdings of the company’s shares; The controlling shareholders of the company have no major events that should be disclosed but not disclosed, or major events in the planning stage.
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