On Tuesday, April 16th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal central bank: maintain strategic concentration and do not engage in “flood irrigation”
Shanghai Securities News Central Bank Monetary Policy Committee regular meeting: prudent monetary policy should be moderately loose and tight, and the general gate of money supply should be well controlled
The first quarter regular meeting of the monetary policy committee of the Central Bank of the securities times pointed out that the general gate of money supply should be well controlled and “flood irrigation” should not be carried out
Securities Daily central bank: adhere to counter cyclical regulation and control the general gate of money supply
21st Century Business Herald science and Innovation Board incremental reform fermentation: forcing the new trend of IPO issuance and examination?
The Economic Information Daily’s 2 trillion load reduction is unprecedented and more than expected. Enterprises enjoy multiple dividends of tax reduction and fee reduction
People’s daily continues to expand opening up and create win-win space
China Securities Journal ( zone )
Central bank: maintain strategic concentration and do not engage in “flood irrigation”
According to the news on the website of the people’s Bank of China on the 15th, the central bank’s monetary policy committee recently held a regular meeting in the first quarter of 2019, which stressed to maintain strategic concentration, adhere to counter cyclical regulation, control the main gate of money supply, and adhere to not engaging in “flood irrigation”.
market sentiment tends to be rational, and the shadow stocks on the science and Innovation Board “reduce their fever”
Recently, A-Shares ushered in a shock adjustment of the market. The popularity of “shadow stocks” in the venture capital sector and the science and innovation board has cooled. The performance of “shadow stocks” in the new science and innovation board is relatively stable without obvious changes. Analysts said that with the increasing number of enterprises accepted by the science and innovation board, the market sentiment is becoming more and more rational, and the heat of “shadow stocks” on the science and innovation board has decreased. According to incomplete statistics, there are more than 100 A-share “shadow shares” behind the 77 science and Innovation Board acceptance enterprises. In these “shadow stocks”, most stocks have not changed significantly.
private institutions are optimistic about the long-term trend of A-Shares
The latest market strategy views from a number of private placement show that there are significant differences in the overall long and short interpretation of the significantly better than expected financial data in March in the public and private offering industry. A number of private equity institutions expressed cautious views on whether monetary policy can continue marginal easing in the short and medium term. At the same time, with the opening of the time window for intensive disclosure of the first quarterly report of Listed Companies in 2019, market structural investment opportunities such as blue chip Baima are still generally favored by mainstream investment institutions. For the study and judgment of the long-term trend of the A-share market, it is still “optimistic” that occupies the mainstream position.
In the year of 21, the fund created a profit of 2.1 trillion yuan. Professionals said that public funds needed supply reform
The research report released by Galaxy Securities Fund Research Center on April 14 shows that in the past 11 years, excluding monetary funds, institutional investors increased from 391.983 billion yuan to 3349.138 billion yuan, an increase of 2957.155 billion yuan. By the end of 2018, the proportion of funds held by institutions had reached 64.87%, and the proportion of individuals was only 35.13%. For the increasing proportion of institutions, professionals said that this shows that the fund industry needs to carry out a supply reform to better practice the mission of Inclusive Finance.
Shanghai Securities News (special area)
regular meeting of the monetary policy committee of the central bank: prudent monetary policy should be moderately loose and tight, and the master gate of money supply should be well controlled
The reporter of Shanghai Securities News learned yesterday that the first quarter regular meeting of the monetary policy committee of the people’s Bank of China in 2019 was held in Beijing on April 12. Compared with the regular meeting in the fourth quarter of last year, the expression of monetary policy in this regular meeting has been adjusted, and the reference of “controlling the master gate of money supply” has reappeared.
the “thawing” of restricted real estate in many cities has little impact, and the “spring” of real estate regulation is still tightened
Recently, the saying that “the sales restriction policy in some cities has been released for 2 years, and some houses can be listed or impact the market” has been circulating in the market. In this regard, a number of industry experts generally said in an interview with the reporter of Shanghai Securities News on the 15th that the matter had “little impact on the market”.
77 enterprises compete for the scientific innovation board track. Who has enough horsepower
It has not only the leading industry leader, but also the rising star. On the new track of Kechuang board, it depends not only on who runs farther, but also on who runs faster.
Getein Biotech Inc(603387) three shareholders were warned of illegal reduction
On the evening of April 15, it was announced that the shareholders of the company, Suzhou Jiefu, Hangzhou Weisi Jielang and Hangzhou Weisi investment, had reduced their holdings due to violations in the early stage, Recently, we received the decision on Issuing warning letters to Suzhou Jiefu investment enterprise (limited partnership), Hangzhou Weisi Jielang equity investment partnership (limited partnership) and Hangzhou Weisi investment partnership (limited partnership) issued by Jiangsu securities regulatory bureau ([2019] No. 38, hereinafter referred to as the “decision”).
Securities Times (special area)
the first quarter regular meeting of the monetary policy committee of the central bank pointed out that we should control the main gate of money supply and not engage in “flood irrigation”
The monetary policy committee of the central bank recently held a regular meeting in the first quarter of 2019. The meeting held that at present, China’s economy is developing healthily, economic growth remains resilient, and the transformation of growth momentum is accelerated. The RMB exchange rate is generally stable, financial market expectations are improved, and the ability to deal with external shocks is enhanced. The prudent monetary policy reflects the requirements of counter cyclical regulation, the macro leverage ratio tends to be stable, the effectiveness of financial risk prevention and control is obvious, and the quality and efficiency of financial services to the real economy are gradually improved. There have been positive changes in China’s economic and financial structural adjustment, but there are still some deep-seated problems and prominent contradictions. The international economic and financial situation is complex and uncertain.
the “catfish effect” of the science and Innovation Board stirred the stock market
The science and innovation board is swept by the whirlwind, and the reform is accelerated everywhere. In addition to the incremental reform, the stock market is also changing. The first thing to bear the brunt is the obvious change in the idea of issuing and reviewing a shares. The concept of open and transparent audit has gradually replaced the previous window guidance. This is just the beginning. With the successive implementation of various rules of the science and innovation board, it is bound to have more impact on the A-share stock market.
insurance fund survey shows that the market optimism index does not change, and the medium-term trend is good
The insurance fund released the survey and analysis report on investor confidence in China’s securities market in March 2019. The report shows that in March 2019, the investor confidence index of China’s securities market was 65.5, and investors’ recognition of stock valuation is still at a high level in recent four years. After A-Shares hit a new high, investors’ short-term caution increased, but they still have strong expectations for the medium-term trend of the market. The market rebound index and the market anti decline index decreased slightly, the investor buying index is still high, and the wait-and-see ratio has increased. 28.6% of investors are considering increasing their investment in stocks in the next three months.
Huayi Jiaxin shares auction continues, and 30 million shares of the real controller’s ex-wife will be forced to auction
Recently, the top two shareholders of Huayi Jiaxin (300071) have had a bad time. In fact, Liu Wei, the controller, has been subject to administrative punishment by the CSRC for insider trading, and resigned from all positions such as the chairman of the listed company in 2018. In March 2019, Liu Weiyou was auctioned 30 million shares by the judiciary due to overdue debts of pledge business, but unfortunately the auction failed.
Securities Daily (special area)
central bank: adhere to counter cyclical regulation and control the master gate of money supply
The first quarter (84th) regular meeting of the monetary policy committee of the people’s Bank of China in 2019 was recently held in Beijing. The meeting held that at present, China’s economy is developing healthily, economic growth remains resilient, and the transformation of growth momentum is accelerated. The RMB exchange rate is generally stable, financial market expectations are improved, and the ability to deal with external shocks is enhanced. The prudent monetary policy reflects the requirements of counter cyclical regulation, the macro leverage ratio tends to be stable, the effectiveness of financial risk prevention and control is obvious, and the quality and efficiency of financial services to the real economy are gradually improved.
Gree mixed reform ignites the enthusiasm for mixed reform of state-owned enterprises, and the three reform directions are beginning to show signs
Since this year, the mixed reform of state-owned enterprises has been hot. For example, central enterprises in key areas have further clarified the mixed reform plan and deepened the mixed reform objectives. At the same time, many places have held mixed reform project promotion meetings. In addition, relevant enterprises in the capital market also act frequently. For example, Gree Electric Appliances Inc.Of Zhuhai(000651) recently announced that the major shareholder Gree Group plans to transfer 15% of its total share capital of Gree Electric Appliances Inc.Of Zhuhai(000651) through public solicitation of the transferee.
the original value of housing related fixed assets in the collective property market of listed banks is close to trillion yuan
According to the exclusive statistics of the reporter of Securities Daily, from the 18 annual reports of A-share listed banks disclosed at present, by the end of last year, the original value of the self owned “housing related fixed assets” (including houses and buildings, projects under construction and house decoration) of relevant listed banks was close to 900 billion yuan, with a net value of more than 600 billion yuan.
still no one took action after a 70% discount. Jia Yueting’s Shimao industry III project was filmed again
After a lapse of more than three months, Jia Yueting’s Shimao industrial third project encountered streaming photography again. On April 15, Alibaba auction showed that all the equity of Beijing Fortune times real estate Co., Ltd. held by LETV Holdings (Beijing) Co., Ltd. was sold. This is the second streaming shot of the project.
people’s daily
people’s daily Bell: continue to expand opening up and create a win-win space
The chief negotiators’ meeting of the 15th round of negotiations on the China Japan ROK free trade zone was recently held in Tokyo. The three parties exchanged in-depth views and made positive progress on important issues such as trade in goods, trade in services, investment and rules. They agreed to further improve the level of trade and investment liberalization, incorporate high-standard rules and build a RCEP + Free Trade Agreement on the basis of the consensus reached in the regional comprehensive economic partnership agreement (RCEP) jointly participated by the three parties. China, Japan and the ROK have jointly promoted the construction of the free trade zone, conveying their common determination to safeguard the multilateral trading system and oppose unilateralism and protectionism.
economic reference daily
2 trillion load reduction efforts are unprecedented and exceed expectations. Enterprises enjoy multiple dividends of tax and fee reduction
Nearly 2 trillion dividends from tax cuts and fee reductions this year are being intensively implemented. The reporter of Economic Information Daily recently went to Jinan, Yantai, Qingdao and other places to investigate and found that enterprises have said that the scale of tax reduction this year is far higher than expected, and the unprecedented preferential treatment has made enterprises really enjoy the policy dividend. At present, many enterprises are adjusting their annual plans, increasing R & D investment and accelerating the transformation of old and new kinetic energy. At the same time, the tax department is also investigating the landing situation and taking a number of measures to ensure that the “last kilometer” of dividend landing is opened.
multiple strategies for stabilizing finance of precision drip irrigation entity are brewing
In the next step, relevant departments will start with the structural reform of the financial supply side, especially give play to the role of the direct financing market and small and medium-sized financial institutions, and strive to stabilize physical financing. At the same time, they will also avoid flooding, overweight targeted monetary policy tools, and accurately focus on the pain points.
21st Century Business Herald
incremental reform fermentation of science and Innovation Board: forcing the new trend of IPO issuance and examination?
Statistics show that since the 18th IEC took office, the IPO IPO passing rate is significantly higher than that of last year, which is close to 90%; At the same time, the period from the meeting to the approval issuance of enterprises to be IPO is also greatly shortened. The reason for this phenomenon may be related to the backward force of the efficient audit speed of the science and innovation board.
the economic substantive law of “tax avoidance area” shakes the environmental shell structure, and the red chips return to the science and innovation board or cast a shadow
Recently, in order to promote the implementation of the substantive economic law, Cayman issued the guide to the economic substance of geographic mobility activities (version 1), which further clarified the relevant provisions of the economic substance law. Lawyer Zhang Ci, a partner of Kindu law firm, believes that this is a typical traditional “shell company” It will be a great challenge, and the structures such as red chip listing, overseas investment, overseas IP holding companies and bond issuance SPV are facing severe tests. Under the background of the introduction of a series of new documents in Cayman, if there are problems in the top holding companies of the red chip structure, it is bound to have a serious impact on the equity stability of enterprises under the red chip structure. As a chain reaction, it also casts a shadow on the prospect of such enterprises returning to the science and innovation board.
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