China Securities Journal ( zone )
the CSRC promotes the improvement of the share repurchase system
The CSRC reported on the 6th that it has studied and drafted the draft amendment to the company law of the people’s Republic of China (hereinafter referred to as the “draft amendment”) together with relevant departments, and put forward suggestions on Amending the relevant provisions on share repurchase in Article 142 of the company law, including increasing the situation of share repurchase, improving the decision-making procedures for the implementation of share repurchase, and establishing a treasury stock system.
banking regulatory departments in many places set up leading groups for online loan risk response
China Securities Journal reporter recently learned that in order to implement the relevant requirements of the CBRC and the national online loan regulation office for P2P online loan risk response, the banking regulatory bureaus in Guangdong, Zhejiang, Shanghai, Shandong and other places have successively established online loan risk response leading groups, and asked local branches to refer to the relevant structures and establish working leading groups to actively cooperate with local governments in various work.
the ability to make money far exceeds that of retail A-share investors. Institutional materials welcome the opportunity
Recently, a statistical data released by Shanghai Stock Exchange has aroused heated discussion in the market. The data show that in 2017, retail investors contributed 80% of the transactions with 20% of the funds, but the profit was less than 10%; Institutions earn 1 / 3 of the profits of the market with 16% of the funds, but the proportion of transactions is less than 15%. Since relevant statistics, individual investors in Shanghai stock market have contributed more than 80% of the trading volume for 11 consecutive years. Although it is only the data of Shanghai Stock Exchange, considering the plate characteristics of Shenzhen Stock Exchange and the prominent characteristics of retail investors in recent years, it is estimated that the proportion of retail trading volume of Shenzhen Stock Exchange should not be lower than that of Shanghai Stock Exchange.
the proposed transfer of 1.45% shares of Guangdong Development Bank Liaoning Shenhua Holdings Co.Ltd(600653) was inquired by Shanghai Stock Exchange
Liaoning Shenhua Holdings Co.Ltd(600653) received the inquiry letter from Shanghai Stock Exchange on the evening of September 6. The company had previously issued a major asset sale plan to transfer its 1.45% stake in Guangdong Development Bank to brilliance group, the controlling shareholder of the company, with an estimated value of underlying assets of RMB 1.574 billion. Shanghai Stock Exchange inquired about the difference in the estimated value of net assets of Guangdong Development Bank in the plan.
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Shanghai Securities News (special area)
Zhao Zhengping: exploring the establishment of capital market product standard system
The 2018 working meeting of the national financial Standardization Technical Committee (hereinafter referred to as the “gold standard committee”) and the second plenary meeting of the Fourth Committee were held in Beijing on September 6. Zhao Zhengping, vice chairman of the CSRC and executive vice chairman of the gold standard committee, pointed out that standards are an important support for the healthy development of the capital market, and standardization is an important work to promote the improvement of governance ability and risk prevention level of the securities and futures industry.
the official made a clear response for the first time: the argument of consumption degradation is biased
Recently, there have been many voices about “consumption degradation”. Is “consumption degradation” a truth or a false proposition? The official gave a clear response for the first time. Gao Feng, spokesman of the Ministry of Commerce, said at a regular press conference yesterday that the statement of “consumption degradation” is biased. In his opinion, the current market has seen better sales of some popular goods, which reflects the new trend of consumption upgrading from one side.
prudent or optimistic “lenient” provision for stock pledge impairment of some securities companies
The semi annual report ended, and the “loss” of securities companies’ stock pledge business surfaced. Different from market expectations, the provision of impairment loss by listed securities companies is not unbearable (although it still has a certain impact on performance). Some insiders believe that some securities companies have adopted a lenient treatment for “problematic” stock pledge projects, which is not regarded as a breach of contract and launched a strong and equal disposal procedure.
“the king of rights protection” infringes on ” Visual China Group Co.Ltd(000681) ” stores and deceives customers
As the “king of rights protection”, there is a huge infringement risk exposure, Visual China Group Co.Ltd(000681) while holding high the banner of intellectual property protection, it is infringing upside down. As a pile of infringement inquiry letters sent to the whole country, Visual China Group Co.Ltd(000681) plays the role of justice for photographers. However, there are not many personal photographers who really enjoy the “agency claim settlement”.
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Securities Times (special area)
stricter collection and management of social security tax transfer enterprises are worried about increasing costs
The social security fee collection and Payment institutions that have lasted for nearly 20 years can be social security handling departments or tax departments. The “double main body” collection and management pattern will soon become history. According to the established schedule, before December 10, 2018, the responsibility of social security fee collection and management will be transferred from social security handling departments at all levels to tax departments; From January 1, 2019, all social security fees shall be uniformly collected by the tax department.
shared car goes bankrupt again. The profit model is still vague
Compared with the “brothers” who once had a fire, the shared cars that belong to the field of sharing economy are always tepid. Although hundreds of enterprises have entered the market, neither the capital side nor the enterprise side has always had a very bright performance. In this process, some players have felt that the industry is “difficult to break out” in advance and withdrew from the war in advance. Recently, the news of the suspected collapse of the shared car platform has cast a shadow on the prospect of the industry.
A-share companies received government subsidies and continued to overweight emerging industries as key support objects
The semi annual report of A-Shares ended, various financial data of listed companies surfaced, and the government subsidy project attracted the author’s attention. Government subsidies to enterprises are one of the important starting points for China’s industrial upgrading, and have played an important role in supporting and developing industries that are weak and of strategic significance. According to the statistics of securities times and databao, the strength and scale of government subsidies of listed companies have reached a new high in recent years.
more than 1000 people intend to sue * ST Baxter intermediary or be prosecuted
*St Baxter’s suspected crime has not been settled, and the wave of claims from investors has poured in. On September 6, the reporter of securities times · e company learned that the two lawyer teams in Shanghai have received the entrustment of more than 1000 investors for the illegal litigation of * ST Baite xinphi. At the same time, intermediaries involved in * ST Baxter’s financial fraud may also be involved.
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Securities Daily (special area)
institutions predict that the CPI increase in August will rise to 2.2% year-on-year
The National Bureau of statistics will release the data of national consumer price index (CPI) and industrial producer price index (PPI) in August on September 10. According to the statistics of the reporter of Securities Daily, China Merchants Securities Co.Ltd(600999) and other 16 institutions predict that the minimum value of CPI year-on-year growth in August is 2.20%, the maximum value is 2.30%, and the predicted average value is 2.20%; The minimum value of PPI year-on-year growth is 3%, the maximum value is 4.30%, and the predicted average value is 3.96%.
the listing cycle of overseas new drugs in China is shortened, and the R & D efforts of domestic listed pharmaceutical enterprises are increased
According to the Securities Daily reporter, this year, the State Administration of drug administration has released several heavy drug marketing reports, including new drug for treatment of recurrent or metastatic breast cancer, pyrrolidine maleate, nalvylumab injection (English Name: Nivolumab Injection), tetravalent Influenza Split Vaccine, and treatment of new non-small cell lung cancer drug anropinib capsules. Nine valent human papillomavirus vaccine (nine valent HPV vaccine), the third generation product for the treatment of hepatitis C, sothibuvir and patavir tablets, etc.
during the year, 478 companies spent 23.6 billion yuan to buy back more than 70% of the company’s third quarterly results
Recently, the CSRC, together with relevant departments, put forward a proposal to amend the law to improve the share repurchase system of listed companies, and solicited public opinions on the draft amendment to the company law with the approval of the State Council. It is reported that three major changes have taken place in the draft amendment, including increasing share repurchase, improving the decision-making procedures for the implementation of share repurchase, and establishing a treasury stock system. In fact, “repurchase” has become one of the hot words in the capital market this year. Statistics show that since this year, 478 listed companies in Shanghai and Shenzhen have implemented share repurchase programs, with a repurchase amount of 23.6 billion yuan.
Danhua Chemical Technology Co.Ltd(600844) part of the equity of the underlying assets of loss making assets acquired by RMB 1.1 billion was frozen by the judiciary
The loss of Danhua Chemical Technology Co.Ltd(600844) in the first half of the year accelerated the pace of foreign acquisitions. On the evening of September 3, Danhua Chemical Technology Co.Ltd(600844) announced that it planned to acquire 100% equity of fanlongdui company by issuing shares at a price of 1.1 billion yuan. The issue price is no less than 5.29 yuan / share, and the listed company will issue no more than 208 million shares to the counterparty in this transaction.
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