On Tuesday, April 2nd, the main contents of today’s headlines are as follows:
Media name front page headlines
The “scientific innovation content” of 31 reporting enterprises of China Securities Journal scanned 19 enterprises, and the proportion of R & D expenses in operating revenue exceeded 10%
More than 1000 annual reports of Listed Companies in Shanghai Securities Journal reflect the resilience of China’s economic growth
Securities Times Montage Technology Co.Ltd(688008) and other three companies’ application for science and Innovation Board was accepted
Issuance of financial audit guidelines for red chip enterprises on the science and Innovation Board of Securities Daily
The 21st Century Business Herald, the national development and Reform Commission and the Bureau of statistics investigated that the economy in the first quarter showed obvious signs of recovery in March
The economic information daily is drawing to a close, and tax legislation is accelerating in an all-round way
The value-added tax reform of the people’s daily operated smoothly on the first day. In the first two months, a total of 182.85 billion yuan of new tax cuts were added
China Securities Journal ( zone )
The “scientific innovation content” of 31 reporting enterprises scanned 19 enterprises, and the proportion of R & D expenses in operating revenue exceeded 10%
As of April 1, the Shanghai Stock Exchange has accepted the listing applications of 31 Enterprises on the science and innovation board, and asked three enterprises. China Securities Journal reporter combed the application draft of the prospectus of 31 enterprises and found that most enterprises have a high “content of science and innovation”, and the proportion of R & D expenses in operating revenue is higher than or equal to the industry average level, but some enterprises also have problems such as insufficient R & D investment.
new actions occur frequently, and the top-level design of investor protection in the capital market is constantly improved
Establish a leading group for investor protection headed by Yi Huiman, chairman of the CSRC, jointly issue a memorandum of cooperation with the Ministry of education on strengthening the popularization of securities and futures knowledge, and organize and carry out a special investor education activity of “approaching science and technology innovation, you and I walk together”… The CSRC has made frequent new actions in the field of investor protection recently.
red April promising institutions are optimistic about the cycle and growth leader
Multiple positive factors contributed to the large-scale rise of A-Shares on April 1: the turnover of Shanghai and Shenzhen stock markets broke another trillion yuan, the Shanghai Composite Index hit a new high since this round of rebound, the Shenzhen Composite Index hit a new high since June last year, agriculture, forestry, animal husbandry and fishery, computers, non-ferrous metals and other sectors led the rise, and the net inflow of funds to the north on the same day was 3.118 billion yuan. A number of respondents said that the positive superposition is expected to promote the “red April” of a shares, and the rising rhythm will be dominated by foreign capital and institutions. It is suggested that investors pay attention to the first positive cycle of PMI rising, the consumer category with positive impact of fee reduction and tax reduction, and the high growth innovative technology finance stocks.
The chairman of Jiangsu Beiren Smart Manufacturing Technology Co.Ltd(688218) responded to the query about the “quality” of the applied science and Innovation Board: the technical content of industrial Siasun Robot&Automation Co.Ltd(300024) system integration is also very high
The first batch of enterprises Jiangsu Beiren Smart Manufacturing Technology Co.Ltd(688218) accepted by the science and innovation board were questioned whether they only provided system integration services for industry Siasun Robot&Automation Co.Ltd(300024) , and whether the “science and innovation content” could meet the requirements of the science and innovation board. The reporter of China Securities Journal recently came to the headquarters of the company in Suzhou Industrial Park to explore the company’s scientific and innovative qualities. Zhu Zhenyou, founder and chairman of Jiangsu Beiren Smart Manufacturing Technology Co.Ltd(688218) , exclusively responded to the reporter of China Securities Journal that the technical content of the company’s main business industrial Siasun Robot&Automation Co.Ltd(300024) system integration is also very high.
Shanghai Securities News (special area)
more than a thousand annual reports of listed companies reflect the resilience of China’s economic growth
As of April 1, more than 1000 listed companies in Shanghai and Shenzhen had disclosed their 2018 annual reports. Shanghai Securities News combed these groups of companies that were the first to release financial reports in detail and found that many industry leaders showed the characteristics of being strong and constant in 2018. Listed companies with annual profits of more than 1 billion yuan and 10 billion yuan often have stable performance growth.
science and Innovation Board accepts the first cash special voting rights of enterprises
There are many highlights of enterprises accepted by the science and innovation board. Last night, the website of Shanghai Stock Exchange announced the latest acceptance, and Montage Technology Co.Ltd(688008) , Ucloud Technology Co.Ltd(688158) , Bozhon Precision Industry Technology Co.Ltd(688097) 3 enterprises appeared in the same batch. Among them, Montage Technology Co.Ltd(688008) , which is known as “China’s best integrated circuit design company” and has an estimated market value of no less than 22 billion yuan, comes out after a long call; Ucloud Technology Co.Ltd(688158) for the “early taste” voting right difference arrangement, the “special” listing standard is selected: the estimated market value is not less than 5 billion yuan, and the revenue in the latest year is not less than 500 million yuan.
the loss is even more serious. Many public offering commission rates are questioned
According to the just disclosed annual report of public funds, in the general decline in 2018, the loss of public partial share funds exceeded 500 billion yuan. Despite the serious losses of the fund, there are many transaction commissions. Statistics show that the total Commission expenditure of the fund in 2018 exceeded 7 billion yuan, mostly about 8 / 10000 in terms of the commission rate of the industry as a whole.
SDIC “Xiaona” Xiamen Meiya Pico Information Co.Ltd(300188) both parties set a performance bet of RMB 900 million
Central enterprises enter the next city of a shares! On the evening of Xiamen Meiya Pico Information Co.Ltd(300188) 1, it was announced that Guo Yongfang and Tengda, the actual controllers of the company, transferred 5.71% of the company’s equity to SDIC intelligence, and Li Guolin, other shareholders of the company, transferred 10.08% of the company’s equity to SDIC intelligence. SDIC intelligence will become the controlling shareholder of the company, and SASAC of the State Council will be the actual controller of the company.
Securities Times (special area)
Three companies including Montage Technology Co.Ltd(688008) were accepted
Yesterday, the Shanghai Stock Exchange announced that Montage Technology Co.Ltd(688008) , Bozhon Precision Industry Technology Co.Ltd(688097) , Ucloud Technology Co.Ltd(688158) 3 enterprises’ application for issuance and listing on the science and Innovation Board was accepted. According to the information disclosure platform for the issuance and listing audit of the science and Innovation Board of Shanghai Stock Exchange, up to now, a total of 31 enterprises have been accepted for listing, of which three enterprises such as Raytron Technology Co.Ltd(688002) have entered the inquiry link in the first batch. According to relevant sources, the inquiry letter is currently only sent to the reporting enterprise and the sponsor. The enterprise will reply and the relevant materials will be made public.
comment on the front page of the Securities Times: make the “textbook” inquiry letter more violent
Recently, the inquiry letter issued by Shenzhen Stock Exchange on Qtone Education Group(Guangdong) Co.Ltd(300359) plans to acquire 96% equity of Hangzhou bajiuling under Wu Xiaobo has been unanimously “praised”, which is known as “textbook Level”. The market will give the most fair feedback on whether to lengthen the time line, whether it is a “Epiphyllum” or an evergreen “pine and cypress”. However, we still call for such “textbook” inquiry letters to be more violent and irrigate more nutrients for value investment.
China’s futures market recovered, and the trading volume of stock index futures increased greatly
According to the latest data released by the medium term association, China’s futures market recovered rapidly as a whole in March. Among them, the trading volume of CICC stock index futures increased by more than 300% year-on-year, and the normalization of stock index futures further.
the latest trend of HNA A shares: half of the company’s major shareholders’ shares are frozen, and all of them are pledged in a high proportion
From the end of 2017 to the beginning of 2018, 7 of the 10 HNA A-share companies were suspended successively. At that time, concerns about the Liquidity Dilemma of HNA kept fermenting. Since then, in order to alleviate the liquidity problem, HNA has continuously sold assets. At the same time, HNA, which started with the aviation industry, began to refocus on the main aviation industry.
Securities Daily (special area)
issuance of financial audit guidelines for red chip enterprises on the science and innovation board
The reporter of Securities Daily learned that the China Institute of Certified Public Accountants recently issued the audit guidelines for the difference adjustment information and supplementary financial information of financial reports of red chip enterprises in the innovation pilot of science and Innovation Board (hereinafter referred to as the audit guidelines). On April 1, the relevant person in charge of the China injection Association answered the reporter’s questions on the audit guidelines.
in the first quarter, major projects around the country started intensively, and the growth rate of infrastructure investment this year is expected to be 8%
This year’s government work report made it clear that in 2019, we should give full play to the basic role of consumption and the key role of investment, stabilize China’s effective demand and provide strong support for the smooth operation of the economy. In 2019, we should reasonably expand effective investment, closely follow the national development strategy and accelerate the implementation of a number of key projects.
new invoices were successfully issued across the country on the first day of the reduction of VAT rate
On April 1, as the “main course” in the “big meal” of this year’s tax reduction and fee reduction policy, the reform of value-added tax reduction rate was officially implemented. The reporter of Securities Daily learned from the State Administration of taxation that on the first day of the implementation of the reform, all parts of the country successfully issued new tax rate VAT invoices, and the effect of enterprise tax reduction was immediate.
Guogou investment exposed debt default Anhui Ankai Automobile Co.Ltd(000868) more than 500 million yuan raised investment project funds decreased by 60%
Recently, Guogou investment, the major shareholder of Guogou holdings, fell into the quagmire of debt default, which directly led to the shrinkage of Anhui Ankai Automobile Co.Ltd(000868) raised investment projects. According to the announcement, in 2018, due to the failure of Guogou holdings to pay the fixed increase as agreed, the amount of fixed increase funds raised in Anhui Ankai Automobile Co.Ltd(000868) in that year decreased significantly, and about 350 million yuan of funds were not in place, which directly reduced the company’s funds for raised investment projects by 60%, and the blueprint originally outlined by Anhui Ankai Automobile Co.Ltd(000868) was discounted.
people’s daily
the value-added tax reform operated smoothly on the first day. In the first two months, a total of 182.85 billion yuan of new tax cuts were added
On April 1, as the “main course” in the “big meal” of this year’s tax reduction and fee reduction policy, the reform of value-added tax reduction rate was officially implemented. The reporter learned from the State Administration of taxation that on the first day of the implementation of the reform, all parts of the country have successfully issued new tax rate VAT invoices, and the effect of enterprise tax reduction is beginning to show.
economic reference daily
approaching the end, tax legislation has been comprehensively accelerated
The reporter learned that the implementation of China’s tax legislation has stepped into the fast lane, and a number of tax legislation has ushered in a comprehensive breakthrough. Up to now, eight existing taxes in China have been legislated. According to the principle of implementing the statutory tax by 2020, there are still eight substantive laws of taxes and a procedural law, namely the tax collection and management law, to be legislated. At present, relevant departments are vigorously promoting relevant preparations and finalizing the legislative timetable.
Sheng Songcheng: it remains to be seen whether to reduce the standard
Sheng Songcheng, former director of the investigation and Statistics Department of the central bank and executive vice president of the China Europe Shanghai Lujiazui Finance & Trade Zone Development Co.Ltd(600663) Institute of international finance, said yesterday that there is room and possibility to reduce the deposit reserve ratio, but it needs to be comprehensively evaluated in combination with the current economic situation and the overall liquidity of the financial market. The economic data of the first quarter has not been fully released. At present, it is not the best time to decide whether to reduce the reserve requirement. Whether to reduce the reserve requirement remains to be seen, mainly focusing on the economic operation. When the economy stabilizes, lowering the reserve requirement is easy to push up inflation and trigger a large flow of funds to real estate.
21st Century Business Herald
According to the investigation of the national development and Reform Commission and the Bureau of statistics, the economy in the first quarter showed obvious signs of recovery in March
Recently, the national development and Reform Commission and the Bureau of statistics are conducting research in many places to predict the economic situation in the first quarter. Local development and reform commissions are also investigating their economic operation in the first quarter. According to the local research, there was great downward pressure on the economy in the first quarter, but the economic situation improved in March. All localities strive to ensure a stable start of the economy in the first quarter. From the current local research and the latest data in March, there are obvious signs of economic recovery.
online loan supervision has a new signal! Shanghai requires the industry balance and quantity to be cut by half
Recently, a number of online loan platforms close to Shanghai’s supervision disclosed to reporters that the P2P “double drop” of Shanghai’s supervision upgrading requires that the loan balance and the number of institutions drop by half, but no specific requirements are put forward for a single platform. According to the latest data of online loan home, by the end of March 2019, the number of normal operation platforms in the online loan industry had decreased to 1021, 22 less than that at the end of February; The total outstanding principal of the normal operation platform of the online loan industry was 733.496 billion yuan, down 2.39% month on month, with a decrease of about 17.997 billion yuan.
open the scientific innovation board now > >
