China Securities Journal ( zone )
pension target fund tested the water yesterday
The sales of the pension target fund, which is placed as a new source of long-term funds in the A-share market, is still difficult. Following the raising of Huaxia pension target date 2040 three-year holding fund through direct sales channels, China Europe foresees the pension target date 2035 three-year holding period and TEDA Manulife Taihe balanced pension target three-year holding period. Yesterday, China Europe chose to fully sell in direct sales channels, banking channels and third-party sales channels.
the sales of 17 real estate enterprises in the first August increased by 30% year-on-year
According to the sales data released by 17 real estate enterprises, the total sales in the first August was 1899.8 billion yuan, a year-on-year increase of 31%. From the year-on-year data, the sales performance of real estate enterprises is obviously differentiated. Evergrande was basically flat, while Jianye, COSCO and Jingrui increased by nearly 50% year-on-year. In terms of month on month growth, the month on month growth in August was 6%. In terms of enterprises, the sales amount of R & F, Evergrande, country garden, Yajule, Longguang and Vanke decreased month on month. Overall, the leading real estate enterprises have slowed down significantly, and some small and medium-sized real estate enterprises have increased significantly.
Alibaba announced the “stick delivery” plan of the board of directors
On September 10, Alibaba Group founder Jack Ma issued an open letter entitled “Happy Teachers’ Day”, announcing that one year later, on September 10, 2019, he will no longer serve as the chairman of the group’s board of directors and will be replaced by the current Group CEO Zhang Yong. Ma Yun said that this marks the completion of Alibaba’s enterprise system upgrading from relying on personal characteristics to relying on organizational mechanism and talent culture.
guarantee the continuous development of chaos in Tibet and received two attention letters
The development of Tibet, which was involved in the loan dispute of the former controlling shareholder, continued to be chaotic. On September 10, Shenzhen Stock Exchange issued two letters of concern to the company, asking the company to check the details of media reports, explain the identification of the actual controller of the company, information disclosure, guarantee litigation, etc.
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Shanghai Securities News (special area)
CPI rose to the second highest level in the year in August, and inflation was still moderate and controllable
Affected by the tail warping factor, CPI rebounded for the third consecutive month in August, with an increase of the second highest in the year. Industry insiders believe that there is little probability that food prices will continue to rise in the future, and inflation is still moderate and controllable. According to the latest data released by the National Bureau of statistics, CPI rose 2.3% year-on-year in August, an increase of 0.2 percentage points over the previous month; CPI rose 0.7% month on month, an increase of 0.4 percentage points over the previous month.
through the equity and debt investment plan, 2.23 trillion insurance funds support the real economy
Insurance funds are watering the flowers of the real economy in multiple dimensions. According to the latest statistics of China Insurance Asset Management Association, by the end of July 2018, insurance institutions had initiated the establishment of creditor’s rights and equity investment plans, with a total filing (Registration) scale of 2.23 trillion yuan. These funds cover one belt, one road, the Yangtze River economic belt, Beijing Tianjin Hebei coordinated development, shantytowns transformation and other major national strategic plans.
the consumer finance industry is mixed. 50% of the institutions made a profit of 1.4 billion yuan in the first half of the year
Recently, a number of consumer finance companies have successively disclosed their achievements in the first half of the year. From the absolute figures of assets, revenue and net profit, the consumer finance industry continues the pattern of “ice and fire”. The performance growth of more than 10 companies is relatively strong. The total profit of these 10 companies exceeds 1.4 billion yuan, but some companies are deeply in the mire of loss.
Geo-Jade Petroleum Corporation(600759) asset purchase plan was inquired by Shanghai Stock Exchange
Geo-Jade Petroleum Corporation(600759) recently disclosed a major asset purchase plan, which plans to participate in the transfer of 100% equity of CITIC Haiyue held by sev through Beijing property right transaction with a quotation of no less than US $766 million (equivalent to RMB 4.973 billion). On the evening of September 10, the Shanghai Stock Exchange issued an inquiry letter on the restructuring, focusing on the feasibility of the transaction, the valuation and operation of the subject matter of the transaction, and the undisclosed opinions of the financial adviser.
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Securities Times (special area)
nearly 100 private placements have been subject to administrative supervision this year, and 8 institutions have received 150 million fines
For the supervision of private placement institutions, the trend of being strict according to law is obvious. The reporter counted the administrative penalties related to private placement this year, and issued 9 punishment books alone, with a total punishment amount of more than 150 million yuan. Administrative supervision measures are accompanied by special inspections and special law enforcement actions deployed by the regulatory authorities. The number of illegal private placements continues to increase. Nearly 100 private placements have been administratively supervised since this year, and 18 institutions have been named in the past 20 days.
the premium decline in the first seven months narrowed again and the insurance industry entered the recovery channel
The insurance premium growth bottomed out and showed obvious signs of recovery. At the beginning of this year, the premium income of the insurance industry decreased by 19.89% year-on-year, and there was a rare “red door”. In the first half of the year, the year-on-year decline decreased to 3.33%. In the recently released data of the first July, the year-on-year decline narrowed again to 2.36%. According to industry analysis, this data shows that the insurance industry has entered the recovery channel.
“state owned Assets Department” took over the offer on a large scale. Three companies plan to introduce state-owned assets holding
On September 10, within one day, three companies have successively disclosed that state-owned assets hold or intend to hold. Eternal Asia Supply Chain Management Ltd(002183) (002183) and Huanneng Technology (300425) disclosed that the controlling shareholders of state-owned assets are to be introduced; On the same day Shenzhen Yitoa Intelligent Control Co.Ltd(300131) (300131), it was disclosed that Zhejiang state-owned capital was proposed to be introduced into the non-public offering of shares, and the controlling equity may be transferred to state-owned capital.
the overdue debt of ZH shares is nearly 5.1 billion, and the assets are sold while seeking restructuring
Three trading days after the suspension, Zhonghong shares (000979), just hanging on the “lifeline” of the 1 yuan share price, released bad news again. On the evening of September 10, Zhonghong issued an announcement. On August 25 and September 8, the company and its holding subsidiaries increased the total principal and interest of overdue debt of RMB 54.9673 million, all of which were all kinds of loans.
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Securities Daily (special area)
the CSRC defines the conditions for the company to issue shares to purchase minority interests
On September 10, the CSRC further explained the relevant conditions for the listed company to purchase minority equity by issuing shares, and made it clear that the minority equity purchased by the listed company should have a significant synergistic effect with the existing main business of the listed company. At the same time, after the completion of the transaction, the listed company needs to have specific main business and corresponding sustainable operation ability.
the financial Commission raised the capital market reform twice in 15 days, revealing the signal of stabilizing the A-share market
The financial stability and Development Commission of the State Council held its third meeting on September 7 to analyze the current economic and financial situation and study and do a good job in the next step. The meeting stressed that we should realistically promote reform and opening up in the financial sector, ensure the specific implementation of the measures already introduced, and study new measures of reform and opening up as soon as possible. Capital market reform should continue to be promoted and launched one by one when it is mature. This is the second time that the financial stability and Development Commission of the State Council has made a statement on capital market reform in 15 days.
the sudden change of low-speed electric vehicle policy leads to controversy. Under the ban, the 100 billion yuan market urgently needs to be “regularized”
According to statistics, low-speed electric vehicles have maintained rapid growth for four consecutive years from 2012 to 2015. It is expected that the number of low-speed electric vehicles in China will expand to more than 10 million by 2020, and the market scale will reach the level of 100 billion yuan. Considering the 4-5-year renewal cycle, the corresponding sales volume will exceed 3 million in 2020, with an average annual compound growth rate of 27%. In this context, many low-speed electric vehicle enterprises not only did not wait for the long-awaited “new national standard”, but also came the “blocking orders” of the local government, which made the low-speed electric vehicle enterprises unprepared, so that the operation was unsustainable, or transformed or went bankrupt.
Midea Group Co.Ltd(000333) cygnet A is both suspended for asset restructuring
On the evening of September 9, Midea Group Co.Ltd(000333) announced that it was planning asset restructuring related to its holding subsidiary Wuxi small Shandong Swan Cotton Industrial Machinery Stock Co.Ltd(603029) Co., Ltd. (hereinafter referred to as “Little Swan”), and the company planned to convene the board of directors on September 11, 2018 to consider matters related to asset restructuring. Meanwhile, the trading of the company’s shares will be suspended from September 10. Almost at the same time, Little Swan a also announced that after receiving the notice from the controlling shareholder Midea Group Co.Ltd(000333) , Midea Group Co.Ltd(000333) is planning major asset restructuring related to the company. The company plans to convene the board of directors on September 11 to consider matters related to major asset restructuring. The trading of the company’s shares has been suspended since the opening of the market on the morning of September 10.
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