China Securities Journal ( zone )
cash management market changes: Bank public offering competing for food cake
Recently, the CBRC issued the measures for the supervision and administration of financial management business of commercial banks (Draft for comments), which made it clear that the cash management products of banks are valued temporarily with reference to the “amortized cost + shadow pricing” method of money market funds; The starting point of bank financial management sales decreased from 50000 yuan to 10000 yuan. These regulations will make the bank’s cash financial products a strong competitor to the goods base.
policies guide credit to ensure the financing needs of the real economy
The China Banking and Insurance Regulatory Commission recently said that it would guide banking and insurance institutions to increase capital investment and ensure the effective financing needs of the real economy. Experts predict that the credit volume can be expected in the second half of the year, and infrastructure, small, medium-sized and micro enterprises and high-tech manufacturing industry are the key points of credit development.
stabilize expectations, improve the mechanism and orderly promote the internationalization of RMB
On the third anniversary of the “811” foreign exchange reform, China’s financial industry has opened a new journey to the outside world, and the internationalization of RMB has also ushered in new opportunities. Many industry experts said at the “Yichun forum of China’s 40 financial people” that deepening the market-oriented reform of exchange rate is a required course for the internationalization of RMB. It is necessary to stabilize expectations and improve the exchange rate formation mechanism. At the same time, China’s financial market needs to be further improved in terms of laws, systems, rules and supervision, so as to continuously expand opening-up and improve the degree of integration with international standards.
the abbreviation of Huifeng shares is changed to ” Jiangsu Huifeng Bio Agriculture Co.Ltd(002496) ”
Huifeng shares announced on the evening of August 12 that it had been three months since the company’s production and operation had been seriously affected, and the specific time for resumption of production had not been determined. Since the opening of the market on August 14, other risk warnings have been implemented for the company’s shares. The abbreviation of the company’s shares has been changed from “Huifeng shares” to ” Jiangsu Huifeng Bio Agriculture Co.Ltd(002496) “, and the rise and fall of the company’s shares on the trading day is limited to 5%.
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Shanghai Securities News (special area)
CBRC takes multiple measures to smooth the transmission mechanism of monetary policy
The announcement of the China Banking and Insurance Regulatory Commission on the 11th listed the relevant measures to unblock the transmission mechanism of monetary policy in the near future, including increasing credit supply, enhancing bank credit supply capacity, and implementing the regulatory policy of “renewing loans without repayment of principal”, etc. The cbcirc said that in the next step, it will strengthen overall planning and coordination and further dredge the “last mile” of financial services for the real economy.
five measures of the CSRC to consolidate the foundation of market system construction
The Party committee and chairman’s office meeting recently held by the CSRC studied and deployed five measures to deepen capital market reform and expand opening-up, including continuing to deepen the reform of basic systems such as issuance, M & A, share repurchase, employee stock ownership and delisting.
OTC derivatives business further regulates the differentiation of futures industry or more obvious
China Futures Association recently issued the notice on Further Strengthening the self-discipline management of OTC derivatives business of risk management companies, which puts forward higher requirements for risk subsidiaries and counterparties participating in individual stock OTC options. Most respondents said that relatively few futures companies meet the conditions for participating in individual stock OTC options, and the industry differentiation will be more obvious.
Zhang Yonghui, a candidate director of three-dimensional wire, was exposed in the “bad deeds” of his former employer and was banned from the market
On the working day before the shareholders’ meeting, Zhang Yonghui, the candidate director of Sanwei silk, was “exposed” by an announcement of his former employer Xiongan Kerong Environment Technology Co.Ltd(300152) : at noon on August 10, Xiongan Kerong Environment Technology Co.Ltd(300152) disclosed that he had received the notice of the punishment decision of the CSRC. Due to suspected violations of laws and regulations, Zhang Yonghui, the former vice chairman of the company, planned to be given a warning and fined a total of 600000 yuan, And being banned from entering the securities market for ten years.
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Securities Times (special area)
Shanghai and Shenzhen Stock Exchange pays attention to the “mini” overweight
Last week, the Shanghai and Shenzhen stock exchange sent 30 inquiry letters, including 25 from the Shenzhen Stock Exchange and 5 from the Shanghai Stock Exchange. Hot events involving listed companies occurred frequently, and the exchange sent an inquiry letter to get to the bottom of the matter for the first time. Among them, Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) and Shenzhen Senior Technology Material Co.Ltd(300568) had “mini” holdings, which was asked and concerned by the exchange.
more than half of the property insurance companies lost money in the first half of the year, and small and medium-sized companies became the hardest hit areas
As of recently, 74 unlisted property insurance companies have disclosed the solvency report for the second quarter of 2018. According to the statistics of the reporter of the securities times, these companies made a cumulative profit of 377 million yuan in the first half of the year, of which 33 property insurance companies that made a profit made a total net profit of 3.032 billion yuan; The 41 property insurance companies with losses suffered a total loss of about 2.655 billion yuan, and small and medium-sized insurance enterprises are still the hardest hit areas.
pension target fund is about to appear, which is expected to guide the slow bull market
Last week, 14 pension target funds received issuance approval. Many people in the industry believe that this paper approval will open up a broad space for public funds. On the 20th anniversary of the development of the fund industry, the emergence of pension target funds makes the next 20 years of the industry more worthy of expectation.
mysterious shareholders increase their holdings Dr.Peng Telecom&Media Group Co.Ltd(600804) director nomination staged “a good play”
Dr.Peng Telecom&Media Group Co.Ltd(600804) (600804) the controlling shareholder Pengbo industry has just introduced CDH investment, a big man in the PE industry. Soon, the listed company may be suffering from the “hunting” of other mysterious shareholders and attract many people to compete for the seat of director. The “good play” nominated by directors is being staged.
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Securities Daily (special area)
delisting system is gradually complete, and there are 6 delisting companies or
In March this year, the Shanghai and Shenzhen stock exchanges solicited public opinions on Revising the measures for the implementation of compulsory delisting of Listed Companies in major violations. The delisting opinions clearly stipulates that enterprises with “major violations involving national security, public security, ecological security, production safety and public health and safety” will be forcibly delisted. Therefore, the industry expects that the delisting of Changsheng biology this year is a high probability event. Since this year, five listed companies have confirmed delisting, which means that there may be six delisting companies within the year.
796 flow standards in the first seven months of “fever reduction” in the land market
In sharp contrast to the hot situation of the land market in the previous two years, since this year, the land market in hot spots across the country has changed from the “noise” in the past. Not only are transactions more differentiated, the premium rate is also declining, and the number of land flow standards has increased sharply. In the first seven months of this year, there were 796 land flow standards in the national real estate market.
bank wealth management income fell for five consecutive months. The average expected annualized yield in July was 4.75%
The yield of bank financial products is declining. According to the data, in July, the average expected annualized rate of return of bank financial products was 4.75%, down 0.05 percentage points from June, falling for five consecutive months and hitting the lowest level of return this year. Looking at the monthly yield of bank financial products this year, February is the income inflection point of bank financial management. After the rising period of more than a year, the yield began to enter the downward period.
suspected of transferring benefits and selling 40% equity of Omar refrigerator, which was rejected by the major shareholder
On June 29 this year, Omar electric signed the equity transfer agreement on Guangdong Omar refrigerator Co., Ltd. with five natural persons such as Wang Jiyun, and then signed relevant supplementary agreements. Omar electric plans to transfer 40% equity of Omar refrigerator at the price of 1 billion yuan. However, the equity transfer has turned around recently. At the third extraordinary general meeting of shareholders in 2018 held by Omar electric on August 6, the proposal on selling 40% equity of Omar refrigerator was rejected.
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