On Friday, June 21st, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal takes a neutral and objective view of restructuring and listing to improve the adaptability and tolerance of rules
The reorganization measures of listed companies of Shanghai Securities Journal are to be revised to promote the reform of gem reorganization and listing
The major asset restructuring policy of listed companies of the securities times intends to be “deregulated”
Securities Daily and CSRC revised the measures for the administration of major asset restructuring of listed companies twice to delete the net profit index and support listed companies to accelerate the speed of quality improvement
21st Century Business Herald’s willingness to settle foreign exchange rose to a record high of 70% in May. Consideration and adjustment of foreign capital allocation of RMB assets
The economic reference newspaper needs to deepen reform to truly release its consumption potential
People’s daily people’s commentary: build and develop the science and Innovation Board
China Securities Journal ( zone )
Neutral and objective view on restructuring and listing and improve the adaptability and tolerance of rules
China Securities Regulatory Commission reported on the 20th that recently, the CSRC solicited opinions from the public on Revising the administrative measures for major asset restructuring of listed companies (hereinafter referred to as the restructuring measures), planned to cancel the “net profit” index in the recognition standards for restructuring and listing, and supported the reorganization and listing of relevant assets of high-tech industries and strategic emerging industries in line with the national strategy on the gem.
improve the equity incentive system and improve the “golden handcuffs” of central enterprises
With the mixed reform of central enterprises entering the batch implementation period, equity incentive has become an unavoidable reform option to build a world-class enterprise. For the problems of insufficient incentive and excessive restraint in the current implementation process, it is imperative to establish a market-oriented incentive and restraint mechanism. The key is to do a good scheme design, clarify the rights and interests and red line, and strengthen the responsibility and efficiency of implementation. Promoting the implementation of equity incentive by state-owned enterprises, especially the listed companies controlled by central enterprises, is becoming the next focus of the mixed reform.
Shanghai Stock Exchange: expect market public opinion to play a good role in supervision and promotion
The Shanghai Stock Exchange said on June 20 that it welcomes all parties in the market and the news media, including we media, to continue to care about and support the audit of the issuance and listing of the science and innovation board, and expects market public opinion to play a good role in supervising and promoting the issuers and intermediaries to fulfill their information disclosure obligations and improve the quality of information disclosure.
the double record high of scale share of 500etf may be the entrance of institutions such as insurance capital
Recently, the scale and share of China Southern Securities 500 ETF hit a new high, becoming the largest stock ETF in the whole market. According to the analysis of insiders, it may be the allocation of mature institutional investors such as insurance capital. At the same time, individual investors may use 500etf to rebound, and various fixed investment tools such as intelligent investment advisers also provide assistance for individual investors’ asset allocation.
Shanghai Securities News (special area)
the reorganization measures of listed companies are to be revised to promote the reorganization and listing reform of gem
The CSRC website released a news on the evening of the 20th to solicit public opinions on the revision of the administrative measures for major asset restructuring of listed companies (hereinafter referred to as the restructuring measures). In order to further straighten out the functions of restructuring and listing, this revision intends to improve the “adaptability” and “inclusiveness” of the restructuring measures, including promoting the reform of gem restructuring and listing, and restoring the supporting financing for restructuring and listing.
Suzhou Hyc Technology Co.Ltd(688001) offline inquiry and registration completed, and the first share of the science and Innovation Board entered the market-oriented pricing link
The first stock Suzhou Hyc Technology Co.Ltd(688001) of the science and Innovation Board will soon start offline inquiry, and the discussion on pricing will follow. According to the issuance schedule, offline investors shall complete the registration of placing objects in China Securities Association before 12:00 noon on June 20 (T-5), 2019. Preliminary inquiry shall be made from 9:30-15:00 from June 21 to June 24, and the issuance price shall be determined on June 25.
Shanghai Stock Exchange attaches great importance to the letter and visit report of science and innovation board, and has received more than 30 complaints
On June 20, the Shanghai Stock Exchange issued a report on the media attention and handling of letters and visits of enterprises under review on the science and innovation board. The Shanghai Stock Exchange said that since the launch of the audit of the science and innovation board, some enterprises under review have been concerned, questioned or reported by the media. In the audit of issuance and listing, the audit institution of Shanghai Stock Exchange attaches great importance to the reports, comments and reports of all parties on the enterprises under review, and establishes and implements strict handling rules and procedures. So far, the Shanghai Stock Exchange has received more than 30 complaints related to the issuance and listing of the science and innovation board.
why is there only ICBC in Ping An’s eyes?
Ping An Insurance (Group) Company Of China Ltd(601318) while repurchasing the company’s A-share shares for two consecutive days and setting a new high in the company’s share price, the recent “goods sweeping” action in the capital market has not been soft. Since June this year, Ping An Insurance (Group) Company Of China Ltd(601318) is the third consecutive increase of Industrial And Commercial Bank Of China Limited(601398) H shares held by insurance funds, with a total cost of about HK $1.42 billion and an increase of about 247 million shares.
Securities Times (special area)
major asset restructuring policies of listed companies to be “deregulated”
Yesterday, the CSRC publicly solicited opinions on Revising the measures for the administration of major asset restructuring of listed companies, which intends to cancel the “net profit” index in the recognition standards for restructuring and listing; It is proposed to further shorten the calculation period of “cumulative first time principle” to 36 months; It is planned to support the reorganization and listing of relevant assets of high-tech industries and strategic emerging industries in line with the national strategy on the gem; It is planned to resume the supporting financing for restructuring and listing, support listed companies to place assets through multiple channels, improve cash flow and give play to synergy.
Shanghai Stock Exchange: Kechuang board has formulated procedures for handling complaints
In response to the recent “doubts” of the media and we media on Anhan technology and Suzhou Hyc Technology Co.Ltd(688001) , the two companies issued official clarifications yesterday. The Shanghai Stock Exchange timely stated that the science and Innovation Board welcomes social supervision, but does not welcome out of context and untrue remarks.
the Fed’s interest rate cut is gradually approaching, and a new round of global easing cycle begins
In the early morning of June 20 Beijing time, the closely watched statement of the Federal Reserve on interest rate discussion was announced, and the market expectation of interest rate reduction was further strengthened. Whether the statement deleted the phrase “be patient” for monetary policy, proposed that “appropriate measures will be taken to maintain economic expansion”, or the dot matrix diagram sent an interest rate cut signal for the first time, the Fed is releasing a more dovish attitude. Affected by this, the federal funds rate futures showed that the probability of interest rate cut in July rose from 82.3% before the interest rate meeting to 100% after the meeting.
* escalation of infighting in St Kangde: break up between major shareholders and chairman
On the evening of June 18, St Kangde announced that Kangde group proposed to hold an extraordinary general meeting of shareholders to remove chairman Xiao Peng and Secretary Hou Xiangjing. On June 19, Kangde group directed * ST Kangde’s current management team and board of directors through its official website that “there has been no progress in introducing strategic investors and funds, improving the company’s operating conditions and other core work objectives”.
Securities Daily (special area)
the CSRC revised the measures for the administration of major asset restructuring of listed companies twice to delete the net profit index and support listed companies to accelerate the speed of quality improvement
On June 20, the CSRC issued a notice that it planned to amend some provisions of the measures for the administration of major asset restructuring of listed companies, and now solicits opinions from the public. The CSRC said that the revision will further improve the “adaptability” and “inclusiveness” of the reorganization measures. In addition, in order to realize the effective connection of M & a regulatory rules and steadily promote the construction of the science and innovation board and the pilot of the registration system, this amendment makes it clear: “if the CSRC has other provisions on the major asset reorganization of the science and innovation board company, its provisions shall prevail.”
Shanghai Stock Exchange: complaints and reports with clear contents related to the science and innovation board have been handled in time
Recently, the enterprises under review related to the science and innovation board have received media attention or letters and visits, questioning the information disclosure and financial status of the issuer and its intermediaries. On the evening of June 20, the Shanghai Stock Exchange responded on how to deal with such situations.
National Development and Reform Commission: the annual CPI is expected to increase by about 2.4% year-on-year
From June 19 to 20, 2019 China coal and coal chemical industry conference was held in Shanghai International Convention Center. Lu Yanchun, director of the price monitoring center of the national development and Reform Commission, attended the conference and delivered a speech. Lu Yanchun pointed out that it is expected that may and June this year will be the high point of the annual CPI, which will fall down after that, and there may be a slight rebound at the end of the year. It is expected that the year-on-year increase of CPI in the whole year will be about 2.4%, and it is unlikely to exceed 3%.
* Zoje Resources Investment Co.Ltd(002021) the board secretary said that the company had been actively handling disputes between shareholders
Recently, * Zoje Resources Investment Co.Ltd(002021) announced that it had received the letter sent by Cai Kaijian, the third largest shareholder of the company, through e-mail. The main content was still the statement on matters related to the voting right and voting right entrustment agreement (hereinafter referred to as the “agreement”) involved in the voting right and voting right disputes of major shareholders.
people’s daily
people’s commentary: build and develop the science and innovation board
Building a bridge between financial capital and scientific innovation elements through the scientific innovation board is undoubtedly one of the ways that can best reflect the financial support for the real economy and high-quality development. As far as all parties in the market are concerned, they need to maintain enthusiasm, rationality and calm, jointly deal with various possible problems, jointly follow the internal laws of the capital market, and work together to build and develop the science and innovation board.
economic reference daily
to truly release consumption potential, we must deepen reform
Due to the change of external environment and the increase of downward pressure, the role of consumption ballast will continue to highlight. Since the beginning of the year, from ministries and commissions to local governments, policies to promote consumption have been introduced, including relaxing the car purchase restriction policy and developing the night economy. However, if we want to really release the consumption potential, we still need to make efforts in reforming the system and mechanism.
virtual reality industry welcomes central and local policy dividends again: the scale will exceed 50 billion in 2021, and the annual compound growth rate will exceed 95%
The development of virtual reality (VR) industry has ushered in a new round of policy overweight by the central and local governments. The reporter of economic information daily learned from the press conference of 2019 world VR Industry Conference on the 20th that the scale of China’s virtual reality industry will exceed 50 billion yuan in 2021. The Ministry of industry and information technology will further support the preparation of the virtual reality manufacturing innovation center, focus on supporting the R & D and industrialization of key common technologies of virtual reality, and promote the application of virtual reality technology in key fields such as manufacturing, education and health.
21st Century Business Herald
the willingness to settle foreign exchange rose to a record high of 70% in may
Although the people’s exchange rate depreciated against the US dollar in May, the cross-border capital flow through the main channels showed positive changes, the balance of foreign exchange settlement and sales of banks reversed, and the deficit of foreign collection and payment of banks on behalf of customers also narrowed.
how to solve the financing of “old community transformation” due to difficult matching of financial products and poor yield?
The executive meeting of the State Council held on June 19 deployed to promote the transformation of old urban communities. The goal is to focus on the transformation and construction of supporting facilities such as water, electricity and optical fiber in the community. If conditions permit, elevators can be installed and parking facilities can be built. Promote household transformation and promote consumption.
open the scientific innovation board now > >
( East Money Information Co.Ltd(300059) Securities Research Institute)
