On Monday, December 6th, the main contents of today’s headlines are:

China Securities Journal

CSRC: promoting the innovation of futures varieties such as carbon emission rights

Fang Xinghai, vice chairman of China Securities Regulatory Commission, said at the 17th China (Shenzhen) International Futures Conference on December 5 that we should strengthen confidence, promote the construction of futures market and serve the high-quality development of real economy. He revealed that the futures and derivatives law is expected to be officially released after the third reading in 2022. We will promote the innovation of futures varieties such as carbon emission rights and new energy metals. Support industry-leading companies to accelerate their development and encourage qualified head futures companies to go public for financing.

CSRC: further clarify the boundary of rights and responsibilities of independent directors

Wang Jianjun, vice chairman of China Securities Regulatory Commission, said at the 18th global annual meeting of the international financial forum that the independent director system of listed companies should be viewed comprehensively and objectively, and most independent directors can fulfill their duties and duties diligently. The CSRC attaches great importance to the opinions and suggestions of all parties in the market to improve the independent director system, will actively communicate with relevant departments, promote the improvement of the system, further clarify the boundary of the rights and responsibilities of independent directors, strengthen the guarantee of duty performance, improve the responsibility mechanism, and support and urge independent directors to earnestly perform their obligations of integrity and diligence.

Transformation and innovation drive economic growth next year

The repeated global covid-19 pneumonia epidemic and the superposition of external uncertain factors make economic development face some challenges next year, but the opportunities for economic transformation and upgrading deserve attention. The driving force of China’s economic growth may usher in a major transformation from traditional factor driven to innovation driven. Fields such as “double carbon” related industries, new energy, new infrastructure and digital economy are expected to become new driving forces for economic growth next year.

More than 80% of 63 listed companies disclosed annual performance forecasts

According to the data, as of December 5, 63 A-share companies had disclosed the annual performance forecast of 2021, and 52 companies were pleased, accounting for 82.54%. The gradual production of new production capacity of listed companies related to high boom industries is an important reason for performance growth.

Shanghai Securities News

The construction of Shanghai financial science and Technology Center launched a series of heavy measures, and the capital market financial science and technology innovation pilot (Shanghai) was launched

The third Shanghai Financial Technology International Forum and the first Yangtze River Delta financial technology conference were held in Shanghai from December 4 to 5. At the meeting, a series of heavy measures were implemented: the pilot of financial science and technology innovation in the capital market (Shanghai) was officially launched, the group standard of the people’s Bank of China on the integrated service specification for credit investigation of the Yangtze River Delta credit investigation chain was released, the construction of the “finance · science and technology” industrial bearing area on Shanghai Longyang Road was started, and the “Special Committee for data industrialization” of Shanghai financial science and technology industry alliance was announced.

The financing behavior of financial institutions to real estate enterprises has returned to normal

Under the continuous guidance of the financial management department, the investment in real estate loans increased significantly in November, and the real estate credit environment continued to pick up. According to the reporter’s understanding from the financial management department and a number of banks yesterday, on the basis of the sharp recovery in October, the investment in real estate loans in November continued to maintain the trend of double growth month on month and year-on-year, and it is preliminarily expected to increase by about 200 billion yuan year-on-year.

Industrial upgrading calls for new development momentum, upholding innovation and paving the Evergreen Road of basic industry

From December 2 to 4, the 2021 Boao Forum of Chinese entrepreneurs · China wealth summit was held in Boao, Hainan. The summit focused on “new pattern, new business format and new wealth”, discussed new drivers of economic growth under the new development pattern, and sought ways for the high-quality development of the industry.

“Double carbon” action expands new space for the development of environmental protection industry

According to the data, the output value of China’s environmental protection industry reached 7.5 trillion yuan in 2020, with an average annual growth rate of more than 15% from 2015 to 2020, much higher than the economic growth rate in the same period, becoming a new bright spot and new driving force for China’s economic development. In the context of the “double carbon” goal, promoting the quality and efficiency improvement of the environmental protection industry ushered in an important strategic opportunity period.

securities times

Fang Xinghai: promote the innovation of futures varieties such as carbon emission rights and new energy metals

Fang Xinghai, vice chairman of China Securities Regulatory Commission, said at the 17th China (Shenzhen) International Futures conference yesterday that the futures and derivatives law is expected to be officially released after the third reading in 2022, which will further improve the warehouse receipt trading mechanism and the discount mechanism, promote the futures price to better reflect the spot supply and demand, continuously optimize the market making system and speed up the construction of the OTC derivatives market, We will continue to open wider to the outside world and improve the futures intermediary system.

Pharmaceutical stocks become fragrant pastry again, and various funds focus on bottom reading theme funds

Since the second half of the year, the pharmaceutical sector has suffered a cold spell, but this has brought investors the opportunity to bargain hunting. The recent pharmaceutical theme funds are quite “gold sucking”. On the one hand, ETFs in the pharmaceutical industry continue to usher in net subscription in the near future. On the other hand, fund companies are also intensively issuing pharmaceutical theme funds to rush to raise funds at a low level and prepare to copy the bottom.

“Insurance version” perpetual bonds supplement the source, and the annual average issuance of the industry will exceed 10 billion

The replenishment of capital by insurance companies will add new tools. Recently, the central bank and the China Banking and Insurance Regulatory Commission have solicited public opinions on the notice on matters related to the issuance of non fixed term capital bonds by insurance companies (Draft for comments) (hereinafter referred to as the draft for comments), which intends to allow insurance companies to issue non fixed term capital bonds to supplement the core’s tier 2 capital.

Intensive introduction of green power policies, industry development into the fast lane

Recently, the Ministry of industry and information technology issued the 14th five year plan for green industrial development to accelerate the transformation of low-carbon energy consumption. Industry insiders said that green power is mainly renewable energy, with low carbon emission level and little impact on the environment, including Cecep Solar Energy Co.Ltd(000591) , wind energy, biomass energy and geothermal energy, which is the direction of low-carbon transformation of energy.

Securities Daily

Private equity debate universe: the outbreak node of the whole market has not yet arrived

A number of private equity institutions told reporters that yuanuniverse is currently in its infancy, and the outbreak node of the whole market has not yet arrived. The meta universe concept plate of the A-share market still focuses on speculation, and some companies have no fundamental support, which is purely a “rub concept”. From the perspective of investment, speculation is very strong at this stage, and there are not many investment opportunities. The future investment opportunities of yuanuniverse concept stocks are expected to appear in hardware and software. The hardware is mainly VR and AR, and the software is mainly “social + entertainment”.

Backdoor listing enthusiasm is gradually frozen. What is the future of shell resources

Once upon a time, backdoor listing was regarded as a shortcut to the capital market. After the climax of 2015, the enthusiasm for backdoor listing gradually “frozen”, so that there was no successful backdoor listing in the A-share market in the first 11 months of 2021.

The industry expects that there are two window periods for “timely RRR reduction”

The sound of lowering accuracy rises again. When meeting with Georgieva of the International Monetary Fund on December 3, Premier Li Keqiang said that China will formulate policies around the needs of market players, reduce reserve requirements in due time, increase support for the real economy, especially small, medium and micro enterprises, and ensure the stable and healthy operation of the economy.

The transparency of China securities quotation operation has reached international standards

On December 4, according to the China Securities Industry Association (hereinafter referred to as the Securities Industry Association), on December 3, the financial stability Council (FSB) released the progress report on the reform of the global OTC derivatives market in 2021, which included CSI inter agency Quotation System Co., Ltd. (hereinafter referred to as “CSI quotation”) in the list of formal transaction report banks, marking the legal basis, governance structure Information disclosure, risk management and operation transparency have reached international standards, which is of great significance to further improve the transparency of China’s OTC derivatives market and the level of science and technology supervision.

people’s daily

The industrial structure, demand structure and urban-rural regional structure have been continuously optimized – solid progress has been made in the adjustment of economic structure

In the first year of the 14th five year plan, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, China made solid progress in economic restructuring, continuously improved the quality and efficiency of development, and made the pace of high-quality development more solid and powerful.

China business daily

Shenzhen Stock Exchange: 238 newly listed companies under the registration system, raising more than 180 billion yuan

“Since the successful implementation of the gem reform and pilot registration system in August last year, the market mechanism has been continuously optimized. As of November 26, 238 new listed companies under the registration system, with IPO Financing of more than 180 billion yuan. Since the merger of the main board and the small and medium-sized board was implemented in April this year, 21 new listed companies on the Shenzhen main board, with IPO Financing of 16.7 billion yuan.” This is the data given by Tang Rui, deputy general manager of Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock Exchange”) at the 17th China (Shenzhen) International Futures conference held on December 5.

50% surge in power cells. It is imperative for large lithium power plants to raise prices. How to invest in the electric vehicle industry chain next year?

Since the price of lithium ore in the upper reaches has soared this year, the price of lithium battery materials in the middle reaches has also soared. Battery enterprises that have insisted on raising the price for more than half a year are strongly willing to do so. However, in the context of the sharp rise in the cost of the upper and middle reaches and the price increase of the whole vehicle, the sales of the whole vehicle still maintained a high growth rate. How do investment institutions view the differentiation of the prospects of various links (positive and negative electrodes, electrolyte, diaphragm, power battery, etc.) in the middle reaches of next year? What will be the investment pattern of the whole vehicle?

economic reference daily

In the fifth anniversary of the high-quality operation of Shenzhen Hong Kong stock connect, the cumulative transaction amount was nearly 42 trillion yuan

December 5, 2021 marks the fifth anniversary of the opening of Shenzhen Hong Kong stock connect. Over the past five years, Shenzhen Hong Kong stock connect has operated smoothly, mechanism arrangements have been continuously optimized, transaction scale and market impact have been continuously improved, further enabling the reform and development of capital markets in Shenzhen and Hong Kong, effectively promoting the interconnection of capital markets in Guangdong, Hong Kong and Macao, and helping to improve the two-way opening level of China’s capital market.

Innovative drugs have accelerated the advancement of medical insurance, and approved varieties have been included in medical insurance for many years

The National Medical Insurance Bureau recently announced the national medical insurance drug catalogue in 2021, and 74 kinds of drugs were added to the catalogue. Among them, 7 drugs outside the non exclusive catalogue were directly transferred in, and 67 drugs were included through negotiation. The new medical insurance catalogue will be officially implemented from January 1 next year.