China Securities Journal ( zone )
credit growth in the second half of the year is expected to improve and focus on infrastructure manufacturing
“Some time ago, the head office asked us to report the credit demand and reserve projects in the second half of the year. These days, I really feel that the approval speed of local major infrastructure projects is faster.” Li Ran (a pseudonym), the person in charge of a large state-owned Delta Branch, told the China Securities Journal that some “approved but not loaned” projects also gradually arrived in the accounts in the first half of the year.
insurance companies with hidden solvency worries increase capital and “replenish blood” and speed up
The solvency report of insurance companies in the second quarter entered an intensive release period. As of August 7, a total of 155 insurance companies had disclosed solvency reports for the second quarter of 2018. From the perspective of comprehensive solvency adequacy ratio, the solvency adequacy ratio of more than 60% of life insurance and property insurance companies decreased compared with the first quarter.
the initial rise at the bottom of the military industry plate is basically upward. It is expected to be preliminarily verified
Since the beginning of the year, in the continuous correction of the two cities, the military industry sector has also experienced a large decline, and its recovery trend has been interrupted by bad news for several times. Analysts pointed out that military industry, as one of the few sectors that have been hovering at a low level, the industry valuation is still at the bottom of history. With the improvement of fundamentals and the gradual strengthening of expectations, the industry will usher in a new business cycle in the future, and there is considerable room for future interpretation.
revenue recognized in advance in violation of accounting standards Zhe Jiang Kangsheng Co.Ltd(002418) was ordered to correct
Zhe Jiang Kangsheng Co.Ltd(002418) on the evening of August 9, it announced that it had recently received the decision of Zhejiang securities regulatory bureau to order the company to take corrective measures. Due to the company’s violation of accounting standards to confirm revenue in advance, defects in internal control and violation of letter Phi regulations, Zhejiang Securities Regulatory Bureau ordered the company to correct and disclose the performance of 2017 annual report in time. Chen hankang, chairman of the board of directors, Zhou Jingchun, general manager, Gao Xiang, chief financial officer and Mao Zezhang, Secretary of the board of directors, were warned by Zhejiang securities regulatory bureau.
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Shanghai Securities News (special area)
implement local policies to accelerate the disposal of “zombie enterprises” and finalize the timetable
The key points for reducing enterprise leverage in 2018 (hereinafter referred to as the key points) jointly issued by five ministries and commissions including the national development and Reform Commission and the state owned assets supervision and Administration Commission has made work arrangements for accelerating the separate chapter of promoting the debt disposal of “zombie enterprises”. The key points of work points out that it is necessary to improve the debt disposal policy system of “zombie enterprises” and study and issue comprehensive policies for the effective disposal of the debts of “zombie enterprises” and enterprises related to de capacity.
the impact of “continuous sitting” of intermediary punishment highlights the increase of cases of restructuring and transformation of audit institutions of listed companies
The influence of the punishment of the six major accounting firms is spreading. Since the CSRC issued applicable opinions on order 138 in mid July, there has been a significant increase in the number of cases of changes in audit institutions in the reorganization of listed companies. Ningbo Baosi Energy Equipment Co.Ltd(300441) it was announced today that the board of directors decided to change the audit institution that acquired 100% equity of Shaoxing xiaisir CNC Technology Co., Ltd. (hereinafter referred to as “xiaisir”) and replace Ruihua Certified Public Accountants (special general partnership) with Zhonghui Certified Public Accountants (special general partnership).
the main indexes continued to adjust in July, and the industry performed better in the cycle
In July, the Shanghai and Shenzhen stock markets fluctuated at a low level. The Shanghai stock index rose 1.02% to 2876.40. In that month, the average daily turnover of Shanghai and Shenzhen markets was 358.891 billion yuan, down 0.29% month on month. The gem index fell 2.83% in the whole month, and the small and medium-sized board index fell 1.93% in the whole month. The monthly report on China Securities Index (July) jointly launched by China Securities Index Co., Ltd. and Shanghai Securities News (see version 8 for the full text of the report) shows that among the Shanghai and Shenzhen A-share scale index, the large and medium-sized index performs generally.
the number of suspension dropped to a historical low, and the Shanghai Stock Exchange promoted the “reset” of the function of the suspension and resumption system
The function of the suspension and resumption system is gradually “reset”. The latest data and information released by the Shanghai and Shenzhen Stock Exchange show that with the continuous strict supervision of the suspension and resumption of trading of Listed Companies in recent years, the phenomenon of random suspension and long-term suspension of trading of listed companies has been significantly improved. The additional role of the suspension and resumption system, which originally carried the functions of preventing and controlling insider trading, locking prices for restructuring and issuing, and even avoiding special market conditions, is gradually weakening, thus returning to the two basic functions of ensuring fairness and reminding major risks, providing an ideal space for the further optimization of the subsequent suspension and resumption system.
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Securities Times (special area)
CPI rose 2.1% year-on-year in July inflation is still moderate
The Bureau of statistics released the data of national consumer price index (CPI) and industrial producer price index (PPI) in July on August 9. In July, CPI rose by 0.3% month on month (MOM) from decline, and the year-on-year increase also expanded slightly; PPI month on month and year-on-year growth fell. From the CPI data, it rose 0.3% month on month, mainly affected by the rise in non food prices.
face up to the question that it is feasible and necessary to expand the scope of housing pension
The China Banking and Insurance Regulatory Commission recently issued a notice to expand the housing reverse mortgage endowment insurance for the elderly to the whole country, and officially promote the housing endowment model to the whole country. Since the original CIRC launched the housing endowment insurance pilot in July 2014, the effect is not obvious, and the supply and demand are not hot. On the one hand, few insurance institutions participate in this business, on the other hand, the insurance enthusiasm of potential customers is also lower than expected.
in the first July, foreign investors bought nearly 170 billion yuan of A-Shares
The pace of foreign capital allocation of A-Shares has not stopped. A reporter from the Securities Times recently learned from relevant departments that in the first July of this year, foreign investors net bought A-Shares of 169.612 billion yuan. These funds enter the A-share market through different channels such as qualified foreign institutional investors (QFII), RMB qualified foreign institutional investors (rqfii), Shanghai Stock connect and Shenzhen Stock connect.
companies under SASAC relay to turn losses * ST Xinneng assets slimmed down and made 560 million
*St Xinneng released its interim performance report on the evening of August 9, saying that the net profit attributable to the owners of the parent company in the first half of 2018 was 562 million yuan, with a loss of 106 million yuan in the same period of last year; The operating revenue was 724 million yuan, a decrease of 43.72% over the same period last year; The basic earnings per share was 0.4362 yuan, with a loss of 0.0878 yuan in the same period last year.
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Securities Daily (special area)
M & A of listed companies has an obvious trend of improving quality and efficiency
Listed M & A, as the most efficient and dynamic part of the capital market, has always played an important role. Recently, the CSRC said that it needs to focus on promoting and grasping five tasks in the near future, including actively promoting the M & A of listed companies. This means that more listed companies will optimize resource allocation through M & A, so as to promote structural adjustment and industrial upgrading.
anticancer drugs are cheaper and heavier! A new round of special negotiations on 18 varieties was completed by the end of September
Recently, the relevant person in charge of the State Medical Security Administration said in an interview with the media that the new round of special negotiations on anticancer drugs was steadily promoted. Finally, 18 drugs were determined to be included in the scope of the negotiations, all of which are drugs with high clinical value, high innovation and high patient benefit necessary for the treatment of blood tumors and solid tumors. The negotiations will be completed by the end of September.
go north to raise 58 stocks, of which 56 stocks are favored by securities companies
On Thursday, the A-share market opened low and went high. The Shanghai index closed at 2794.38 points, up 1.83%, and the Shenzhen Component Index rose 2.98%. Analysts said that although the market showed a strong upward trend, it did not change the current shock bottoming process. Paying attention to the trend of funds going north in the market bottoming can more accurately grasp the future market hot spots.
Sinopec transferred shares free of charge for the first time
Last night, Sinopec announced the free transfer of state-owned shares. It is worth noting that this is the first free transfer of shares by SINOPEC. In June, PetroChina just completed the free transfer of shares. Insiders told the Securities Daily that the free transfer should be the preparation for the mixed reform of two barrels of oil.
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