China Securities Journal ( zone )
qualified foreigners’ A-share account opening authority was further liberalized
The CSRC announced on the 15th that in order to thoroughly implement the spirit of the 19th CPC National Congress, implement the strategic requirements of the CPC Central Committee and the State Council on accelerating the construction of a powerful country with talents and the deployment arrangements for further promoting the opening of the capital market, enrich the investment subjects of the capital market, broaden the channels for capital to enter the market and optimize the capital market structure, with the consent of the State Council, China Securities Regulatory Commission officially issued the notice on Amending
<证券登记结算管理办法>
Decision on Revision
<上市公司股权激励管理办法>
Further liberalize the authority of qualified foreigners to open A-share securities accounts.
the HKMA has sold Hong Kong stocks twice, and the capital is under pressure
On August 15, the Hong Kong Monetary Authority successively bought HK $2.159 billion and HK $2.355 billion. This is the first time since May 18 that the HKMA has entered the market to defend the linked exchange rate system. It is noteworthy that with the tightening of capital in Hong Kong, the market expects the Hong Kong banking industry to raise the best lending rate in the near future. With the end of the era of low interest rates, the Hong Kong stock market is expected to remain under pressure in the future.
strict supervision is expected to become the norm, and the third-party payment accelerates the shuffle
The supervision of third-party payment by regulators is becoming more and more strict. Previously, the central bank issued five tickets to four third-party payment institutions on the same day, with a total fine of nearly 100 million yuan. Insiders said that under the normal condition of strong supervision, some third-party payment institutions may find it increasingly difficult to survive. In the future, third-party payment institutions need to strengthen compliance management and actively innovate while ensuring their core competitiveness.
* the new shares of St Caddy’s major shareholders are waiting to be frozen
*St Kaidi announced in the evening of August 15 that according to the latest data of China Securities Depository and Clearing Co., Ltd., the number of waiting for freezing of the company’s shares held by sunshine Kaidi New Energy Group Co., Ltd. increased three times from July 18 to August 14, 2018. As of August 14, 2018, the company’s shares held by sunshine Kaidi had been frozen and waiting for freezing for a total of 20 times.
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Shanghai Securities News (special area)
whether the number of convertible bonds exceeds that of last year’s annual refinancing audit is becoming stricter
Data show that since this year, there have been 6 listed companies whose application for fixed growth has been rejected, with a rejection rate of 17.6%, compared with only 2.4% in the same period last year. Since the implementation of the new refinancing regulations, four convertible bonds favored by listed companies have been rejected during the year, and the pass rate has dropped from more than 90% last year to less than 80%.
many local insurance regulatory bureaus eliminate illegal commercial insurance acts
A “mine sweeping” operation against unlicensed financial activities is being carried out in the insurance industry. The reporter learned yesterday that many local insurance regulatory bureaus recently focused on the special investigation of illegal commercial insurance, and listed a list of investigation objects involving dozens of institutions and individuals.
the first semi annual report of the listed stock exchange was released Ping An Bank Co.Ltd(000001) the profit contribution of retail business was stable
The semi annual report of listed joint-stock banks disclosed that Ping An Bank Co.Ltd(000001) of high-profile transformation retail was the first to open again. Last night, Ping An Bank Co.Ltd(000001) released its 2018 semi annual report, which showed that the bank’s operating revenue and net profit were RMB 57.241 billion and RMB 13.372 billion respectively, with a year-on-year increase of 5.9% and 6.5% respectively. In the retail business that rose rapidly last year, the proportion of revenue and profit in the whole bank was 51.2% and 67.9% respectively, and the contribution to the profit of the bank remained stable. For the corporate business worried by the outside world, at least the deposit growth is stable and good. In addition, the non-performing rate of the bank decreased slightly at the end of the first half of the year, and the asset quality remained basically stable.
* Li Lifu, director of St Kangda and Zhang Minghua, supervisor, were detained
*St Kangda announced in the evening of August 15 that the company received the information from Shenzhen Public Security Bureau that day. Li Lifu, the director of the company, was criminally detained on suspicion of breaking trust and damaging the interests of listed companies. In addition, Zhang Minghua, the supervisor of the company, was also detained for the same reason.
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Securities Times (special area)
the Central Bank continues to overspend MLF market interest rate rebound
Faced with the maturity of 336.5 billion yuan of medium-term lending facility (MLF), on August 15, the central bank carried out MLF operation of 383 billion yuan for a period of one year, with a bid winning interest rate of 3.30%, realizing a net investment of 46.5 billion yuan. There was still no reverse repurchase operation on that day, which was the 19th consecutive day that the open market suspended reverse repurchase. It is generally believed that under the background of maintaining loose liquidity, the central bank continued to make MLF in excess, once again highlighting the signal of marginal liquidity easing.
from January to July, the circulation of consumer finance ABS decreased by 70%
By the end of July, the number of consumer finance ABS products this year was only 40, less than one-third of that in the same period last year. Insiders said that the quality of underlying assets and market recognition have a great impact on the fund-raising cost of ABS.
the strategy of insurance technology enterprises on the new third board has shifted to two IPOs in Hong Kong
Enterprises listed on the new third board are showing a new trend – listing in Hong Kong. After the signing of the memorandum of cooperation between the national stock transfer company and the Hong Kong Stock Exchange in April, the way of “new third board + H shares” let enterprises see the new direction of Hong Kong stock listing. Recently, the reporter learned that among the more than 30 enterprises in the insurance industry listed on the new third board, Shengshi Dailian and Lingxi finance have been planning to list on the HKEx. It is not ruled out that more enterprises will take action in the future.
resumption of listed shares Ning communication B fell sharply on the first day of resumption
On August 15, Ning Telecom B (200468) returned to the market, but it fell nearly 50% on the first day of resumption. Speculators who intend to take the opportunity to hype a wave will undoubtedly be disappointed.
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Securities Daily (special area)
house prices in 65 cities rose month on month in July. Experts predict that the tightening of regulation will accelerate
On August 15, the National Bureau of statistics released the statistical data on the changes in the sales prices of commercial houses in 70 large and medium-sized cities in July 2018, showing that the prices of new commercial houses in 65 cities increased month on month. Liu Jianwei, Senior Statistician of the city Department of the National Bureau of statistics, said that from the data, the month on month increase in the sales price of new commercial houses in the first and second tier cities fell in July.
private equity funds have entered the era of electronic signing, and the first signing business has been completed
Private equity funds are entering the era of electronic signing from paper signing. Recently, the first electronic signing private equity fund product of China Securities inter agency quotation system (hereinafter referred to as “China securities quotation”) has been successfully filed with China Securities Investment Fund Industry Association, promoting China’s private equity funds to enter the era of electronic signing. Insiders said that the electronic signing of private equity funds will greatly improve the operation efficiency of private equity funds and reduce the operation cost, and the “radish chapter” and “Yin-Yang contract” will be difficult in the future, which marks another cornerstone for the standardized development of the private equity fund industry.
took a year, only 20% of milk powder brands were registered, and milk enterprises such as Feihe made great efforts to compete with foreign brands
On August 14, the State Administration of market supervision and administration announced the registration list of the 44th batch of milk powder, and 21 formulas of 7 series of 3 enterprises including Yashili were registered. Since the first batch of milk powder formula registration list was published on August 3 last year, a total of 1177 milk powder formulas have been registered. Compared with more than 2000 milk powder brands before registration, 1177 registered formulas were converted, nearly 400 brands were registered, and about 20% of the brands became lucky.
acquisition of loss making assets at a premium of eight times Toyou Feiji Electronics Co.Ltd(300302) suspected of insider trading and inquired by Shenzhen Stock Exchange
After the expiration of the approval for non-public offering of shares, Toyou Feiji Electronics Co.Ltd(300302) turned its attention to major asset restructuring, but it attracted inquiries from the Shenzhen Stock Exchange about insider trading. On the evening of August 13, Toyou Feiji Electronics Co.Ltd(300302) announced that the company would postpone the reply to the inquiry letter, and the trading of the company’s shares would resume on August 20.
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