On Monday, April 15th, the main contents of today’s headlines are as follows:
Media name front page headlines
China Securities Journal securities companies will lay out in advance and wait for the implementation of the detailed rules for spin off and listing
Shanghai Securities News Chen Yulu: China will achieve institutional and systematic opening of the financial industry
Securities Times: field investigation on Chinese enterprises’ investment in Vietnam
Securities Daily central bank: China’s stock market shows signs of bottoming and recovery
The people’s daily central office and state affairs office issued guidance on comprehensively promoting the reform of the property right system of natural resources assets
The economic information daily has been supported by the policy of stabilizing employment one after another
China Business Daily’s social finance export data in March exceeded expectations, and the economy is expected to stabilize in the first quarter
China Securities Journal ( zone )
securities companies lay out in advance and wait for the implementation of spin off and listing rules
Recently, some listed companies publicly expressed their intention to spin off their subsidiaries and list on the science and innovation board, which attracted the attention of the market and regulators, and some of them received regulatory letters. Previously, Li Chao, vice chairman of the CSRC, publicly said that the Listing Rules of the main board company’s spin off subsidiaries to the science and Innovation Board will be issued. China Securities Journal reporter learned from securities companies that although the detailed rules for spin off listing have not been issued, many enterprises with spin off listing conditions intend to be listed on the science and innovation board.
Liu Kun: China will continue to implement more large-scale tax cuts and fee reductions
According to the news on the website of the Ministry of Finance on the 14th, on April 12-13, at the 99th Development Committee meeting held in Washington, US, finance minister Liu Kun said that China will continue to significantly relax market access, strengthen the protection of intellectual property rights, strictly implement the newly issued foreign investment law, implement more large-scale tax cuts and fees, and create a more attractive investment and business environment.
reduce consumption and finance northward capital frequent position adjustment
After entering March, the net inflow of funds to A-Shares slowed down significantly, and it was mainly outflow in April, which was increasingly closely related to the rise and fall of the index. Last week, the largest weekly net outflow of funds from Beishang in the year attracted market attention.
new continent a will be temporarily suspended and St
On the evening of April 14, Xindazhou announced that the self inspection found that the company was occupied by the affiliated enterprise Hengyang cattle industry, the largest shareholder, and it is expected that the problem will not be solved within one month. The company applied for a one-day suspension on April 15, resumed trading on April 16 and implemented other risk warnings. According to the announcement, the total amount of non operating funds occupied by Hengyang cattle industry in 2018 was about 477 million yuan.
Shanghai Securities News (special area)
Chen Yulu: China will achieve institutional and systematic opening of the financial industry
Chen Yulu, vice president of the people’s Bank of China, recently pointed out that China will further expand the opening of the financial industry, realize institutional and systematic opening, and treat Chinese and foreign financial institutions equally in a more transparent and more in line with international practice.
MSCI’s delay in the conversion of relevant indexes does not affect the inclusion process of A-Shares
In the early morning of April 13, MSCI, an internationally renowned index compilation company, announced that it would postpone the conversion from MSCI all China Index to MSCI all China stock index until November 26. This conversion was originally scheduled to be implemented on June 1. According to the Shanghai Securities News, this postponement decision does not affect the inclusion process of A-Shares in MSCI, so it has no impact on tracking the capital inflow of MSCI index.
the financing environment is getting warmer and the ABS issuance is rising
The financing environment is getting warmer and the demand for non-standard to standard transfer is increasing. In the first quarter of this year, the issuance of asset securitization products (ABS) market was hot. Continuing the trend of rising issuance in the ABS market last year, the year-on-year growth rate of credit ABS and enterprise ABS in the first quarter of this year was about 50%.
build plank roads openly and hide behind the scenes? Gu jiare knocks Xlinmen Furniture Co.Ltd(603008) there is a mystery
While “laissez faire” the equity transfer letter of intent with a capital of 1.38 billion yuan is automatically terminated upon expiration, while leveraging 1.105 billion yuan to undertake four payable bonds under the banner of “financial investment”, it seems that Jason Furniture (Hangzhou) Co.Ltd(603816) ‘s strategy for Xlinmen Furniture Co.Ltd(603008) has stopped.
Securities Times (special area)
field investigation of Chinese enterprises’ investment in Vietnam
In the first quarter of this year, Vietnam attracted a total of US $10.8 billion in foreign capital, an increase of 86.2% year-on-year, of which half came from China, and Chinese capital played an important role. What is the investment situation of Chinese enterprises in Vietnam? The Securities Times reporter and his party went to three municipalities directly under the central government, including Hanoi City, Haiphong city and Ho Chi Minh City, as well as Haiyang province and Long’an province.
visit Xi’an lizhixing Mercedes Benz 4S store: the dispute is still under negotiation, leading to rich Malaysian businessmen
Recently, a real bridge section of “crying in a Mercedes Benz” was staged in Xi’an lizhixing Mercedes Benz 4S store. After a customer bought a Mercedes Benz in the store, he found that the engine of the new car leaked oil. For this, the solution given by the store is to replace the engine.
the total number of 19 pension target funds approved in the fourth batch reached 59
The one-year pilot individual tax deferred commercial pension insurance will end on May 1, and the inclusion of pension target fund into the investment scope of individual commercial pension account is “gradually approaching”. At this historical juncture, the fourth batch of 19 pension target funds were approved to be issued, and the total capacity was expanded to 59.
Zhou Hongyi’s doubts and divestiture Qi An Xin Technology Group Inc(688561) : help partners clear the obstacles to listing
360 Security Technology Inc(601360) (601360) a few days ago, an announcement on the transfer of the equity of Beijing Qi An Xin Technology Group Inc(688561) Technology Co., Ltd. (hereinafter referred to as Qi An Xin Technology Group Inc(688561) ) raised the question of “breaking up” between Zhou Hongyi and Qi Xiangdong. On March 14, Zhou Hongyi, chairman and general manager of 360 Security Technology Inc(601360) denied in an interview with the securities times in Beijing: “after the company issued the announcement, some shareholders asked me why I cleared the shares before the subsidiary was listed. In fact, if 360 Security Technology Inc(601360) doesn’t quit, Qi An Xin Technology Group Inc(688561) can’t go to the market at all.”
Securities Daily (special area)
Central bank: China’s stock market shows signs of bottoming out and recovery
Chen Yulu said that China’s stock market is showing signs of bottoming out and recovery. With diversified securities investment by international institutional investors and China’s further opening of the bond and stock markets, the inflow of foreign securities investment reached a record $120 billion last year. In view of the increasing inclusion of RMB denominated assets in international indexes, the potential of foreign portfolio investment inflows is rising.
funds fight secretly and fluctuate the market. 14 billion yuan of funds quickly return to ETF
In the rebound of this year’s market, the A-share index stepped on the “emergency brake” in mid March. In the past month, the Shanghai index has fluctuated around 3100 points. However, the trading volume of Shanghai and Shenzhen stock markets has remained high during this period, which also shows that various funds are playing behind the scenes; The newly released ETF floor circulation share shows that in the past month, 14 billion yuan of funds have returned to the ETF market.
the national first house loan interest rate has fallen for four months, and the overall mortgage interest rate may continue to decline in the future
Since this year, from the controversy over the “little spring” of the property market, to the relaxation of the settlement policy in second and third tier cities, and then to the notice of “recognizing both houses and loans” just released by the state managed provident fund center, every move of the property market has affected the nerves of all parties.
1291 listed companies plan to pay 848.9 billion yuan in dividends, and 9 companies send 10 billion “red envelopes”
The dividend season of annual reports of listed companies is coming. According to statistics in Securities Daily, as of April 13, 1301 companies have announced distribution plans, including 1291 involving cash distribution and 208 including transfer. 1291 listed companies intend to pay dividends of 848.943 billion yuan. These companies paid dividends of 671.504 billion yuan in 2017, with a year-on-year increase of 26.42%; Among the 1291 listed companies, 1257 have disclosed the annual net profit data, with a total net profit of 2923.187 billion yuan and a proposed dividend of 843.255 billion yuan, accounting for 28.85% of the net profit.
people’s daily
guidance issued by the State Office of the CPC Central Committee and the state office to comprehensively promote the reform of the property right system of natural resources assets
Recently, the general office of the CPC Central Committee and the general office of the State Council issued the guiding opinions on comprehensively promoting the reform of the property right system of natural resources assets, and issued a notice requiring all regions and departments to earnestly implement it in combination with reality.
economic reference daily
the policy supports the steady employment of dividends
At the beginning of the second quarter, another important time point for observing the economic situation was observed. Although it still faces some internal and external challenges, a number of macroeconomic data and key indexes that have been released show that the economy is running smoothly. Since the “six stabilities” was proposed at the Politburo meeting in 2018, “stability” has become the focus and guiding principle of all economic work. The six words “stability” have also become important indicators for observing the current macroeconomic trend and an important driving point for promoting the high-quality development of China’s economy.
residents’ new short-term loans hit a record high, and the risks behind the rapid growth of consumer loans need to be vigilant
According to the latest data released by the central bank on the 12th, the new credit increase loan reached 1.69 trillion yuan in March, the increment of social financing scale was 2.86 trillion yuan, the year-on-year growth rate of M2 broad money was 8.2%, and important financial data exceeded market expectations. Insiders said that this shows that under the counter cyclical regulation of monetary policy, the strength of financial support for the real economy is increasing. It is worth noting that in March, the household sector increased short-term loans by 429.4 billion yuan, a record high. At the same time, the household sector increased medium – and long-term loans by 460.5 billion yuan, an increase of 83.5 billion yuan over the same period last year.
China business daily
social finance export data in March exceeded expectations, and the economy is expected to stabilize in the first quarter
Macroeconomic data will be released in the first quarter of this year. At present, the data of credit, social finance, import and export in March exceeded expectations, market confidence increased significantly, and the signal of economic stabilization became stronger. Many experts predict that GDP growth in the first quarter may slow down compared with the previous quarter. However, with the improvement of credit conditions, the strength of private enterprise rescue policies and the implementation of tax and fee reduction measures, China’s economy has reached the time of recovery. Whether the future rebound trend is stable or not, the policy choice is still particularly critical.
Sheng Songcheng: the policy lag is coming to an end, and the necessity of reducing the reserve requirement is decreasing
Sheng Songcheng judged that the policy time lag is coming to an end. At the same time, he believes that the need for RRR reduction in the near future has decreased, and it still needs to be further observed whether to reduce the RRR or not. At present, the money supply has begun to recover and the liquidity is abundant.
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