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A-share historical moment! The number of shareholders exceeded 200 million, and 100 million people entered in six years! CSRC: enhance investors’ sense of gain
China Clearing announced on the 25th that since the breakthrough of 150 million in March 2019, the number of A-share investors has been growing, reaching 200087 million by February 25, 2022. This means that the number of A-share investors has officially exceeded the 200 million mark. Historical data show that the number of A-share investors officially exceeded 100 million in January 2016. Since the establishment of the Shanghai Stock Exchange in December 1990, the accumulation of the first 100 million investors has taken about 26 years. Since January 2016, the accumulation of the second 100 million investors has taken about six years. Securities traders said that the rapid growth in the number of investors was related to the accumulation of residents’ wealth, the development of capital market and the improvement of population education.
With the increasing number of investors, investor protection becomes more and more important. The relevant person in charge of the CSRC has said on many occasions that it is necessary to strengthen the protection of investors’ rights and interests and enhance the sense of acquisition of investors. In addition, when developing the financing side, the capital market should also pay attention to the construction of the investment side to promote the balanced and coordinated development of investment and financing. On February 18, the CSRC announced on its official website its reply to the “suggestions on optimizing the protection mechanism for the rights and interests of minority shareholders of China’s listed companies” at the fourth session of the 13th National People’s Congress. The CSRC said that investor protection is directly related to the vital interests of hundreds of millions of people. It will continue to build and improve the securities investor protection system to protect the legitimate rights and interests of investors, especially the majority of small and medium-sized investors.
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The CSRC will strengthen delisting supervision, and the five departments will determine the detailed rules for practical operation! Class III companies shall not enter the delisting sector, and the threshold for investors shall be adjusted
On February 25, the CSRC issued the guidance on improving the supervision of listed companies after delisting (Draft for comments) (hereinafter referred to as the guidance), which optimized and improved the blocking points and risk points existing in the current practice, and promoted the formation of a set of institutional arrangements in line with the functional positioning of the delisting sector and suitable for the characteristics of delisting companies. The Shanghai and Shenzhen Stock Exchange, the Beijing stock exchange, the national stock transfer Corporation and China Clearing issued corresponding supporting implementation measures (hereinafter referred to as “implementation measures”), clarifying the listing requirements and the main institutional arrangements after listing, dissolution, liquidation and delisting companies declared bankrupt by the court shall not enter the delisting sector, as well as the investor threshold.
Strengthen institutional arrangements in three aspects: first, give full play to the institutional function of delisting sector. Second, strengthen the regulatory adaptability of delisted companies. Third, promote risk convergence and gradual clearing. The guiding opinions include basic principles, delisting connection procedures, continuous supervision system, risk prevention mechanism, supervision system, etc. In addition, the Guiding Opinions also clarify the operation details of the exchange and institutionalize the undertaking mechanism of the host securities companies.
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Net investment of 790 billion in 5 days! The central bank continued to make large reverse repos, and the short-term interest rate rose across the board!
The people’s Bank of China announced on February 25 that in order to maintain stable liquidity at the end of the month, the central bank carried out a reverse repurchase operation of 300 billion yuan by means of interest rate bidding, and the bid winning interest rate was 2.10%. As 10 billion yuan of reverse repo expired on the 25th, the people’s Bank of China realized a net investment of 290 billion yuan in the open market that day. The cumulative net investment in the five trading days of this week reached 790 billion yuan.
The central bank continuously increased the net investment in the open market, hedged monthly tax payment and cross month factors, and the liquidity of the inter-bank market was in tight balance as a whole. As of press time on the 25th, the short-term interest rate rose across the board Bank Of Shanghai Co.Ltd(601229) interbank offered rate (Shibor) rose 3.4 basis points overnight to 2.231%. 13.5 basis points, up 327.2% in 13 days. From the performance of repo interest rate, the weighted average interest rate of dr007 increased by 3.55 basis points to 2.3402%, higher than the policy interest rate. The one-day national debt reverse repo rate (gc001) on the Shanghai Stock Exchange rose to 3.36%. A series of recent actions of monetary policy have sent a signal of abundant liquidity to the market. Many experts believe that there is still room for loose monetary policy and do not rule out the possibility of further RRR and interest rate cuts in the first half of the year.
comments: Wang Qing, chief Macro Analyst of Dongfang Jincheng, told the securities times that unlike the tightening of monetary policy forced by the rise of overseas inflation, the fourth quarter monetary policy implementation report of 2021 stressed that China’s “inflation pressure is generally controllable”. Among them, the CPI operation center this year may rise slightly compared with the previous year and continue to operate within a reasonable range. At the same time, the year-on-year increase of PPI fell after periodic rise. Next, China’s monetary policy will enhance its autonomy and independence. It will not follow up overseas tightening, but also have marginal easing space. Further RRR and interest rate cuts are possible in the first half of the year. Color, deputy director of the Economic Policy Research Institute of Guanghua School of management of Peking University, said recently that there is obvious room for easing monetary policy. “It is a rare time to find a better time for monetary easing than now.” Color analysis: first, China’s inflation is controllable throughout the year, PPI has risen and fallen, and CPI is controllable throughout the year, which leaves enough space for monetary policy easing; Second, the leverage ratio decreased last year, and there is no problem with steady growth and moderate leverage this year. From the signals that have been released, China’s monetary policy has been adjusted and turned to countercyclical adjustment to support steady growth. In the next three months, there is still the possibility of reducing reserve requirements and interest rates. Monetary easing has not ended and will continue, and I am the main one.
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Make 191.1 billion! 2021 report card of the securities industry was released, and the net profit growth rate exceeded 20%! Double the scale of active management
On February 25, China Securities Association released the operating data of securities companies in 2021, outlining the beautiful profit growth of the securities industry with clear data. According to the data, in 2021, 140 securities companies in the industry realized an operating revenue of 502.41 billion yuan and a net profit of 191119 billion yuan, with a year-on-year increase of 12.03% and 21.32% respectively. By the end of 2021, the total assets of the securities industry were 10.59 trillion yuan and the net assets were 2.57 trillion yuan, an increase of 19.07% and 11.34% respectively over the end of the previous year.
Based on the statistics of the unaudited operation data of securities companies in 2021, China Securities Association said that the performance of the securities industry has grown steadily and the capital strength has been continuously strengthened. In 2020, only 127 securities companies made profits, with operating revenue and net profit of 448479 billion yuan and 157534 billion yuan respectively. In 2021, 140 securities companies in the industry realized an operating revenue of 502.41 billion yuan and a net profit of 191119 billion yuan, with a year-on-year increase of 12.03% and 21.32% respectively. This is also the rise of revenue and net profit of the securities industry for three consecutive years. By the end of 2021, the total assets of the securities industry were 10.59 trillion yuan and the net assets were 2.57 trillion yuan, an increase of 19.07% and 11.34% respectively over the end of the previous year. In terms of net capital, the net capital of the securities industry at the end of 2021 was 2.00 trillion yuan, of which the core net capital was 1.72 trillion yuan, with a year-on-year increase of 9.89% and 7.5% respectively compared with the data at the end of 2020.
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Buffett’s latest shareholding trend was exposed, and apple ranked first! Last year, he made 567.2 billion yuan and held more than 900 billion yuan in cash
In 2021, Berkshire Hathaway’s operating profit was US $27.455 billion (about 173.4 billion yuan), and in 2020 it was US $21.922 billion, an increase of 25% over last year; The net profit attributable to shareholders was US $89.795 billion (about 567.2 billion yuan), compared with us $42.521 billion in the same period last year, an increase of 111%.
Berkshire’s annual report also shows that a total of US $27 billion (about 170.5 billion yuan) was invested to buy back shares in 2021, up from US $24.7 billion in 2020. Among them, USD 6.9 billion was invested to buy back shares in the fourth quarter of 2021.
In 2021, Berkshire’s share price soared by 29.6%, the best performance in nearly eight years. For the first time in many years, Berkshire outperformed the S & P 500 index, which rose by 26.89% in 2021. Berkshire’s total market value continued to hit a record high. From 1965 to 2021, the compound annual growth rate of Berkshire’s market value per share was 20.1%, and the market value growth rate from 1964 to 2021 reached a surprising 3641613%.
By the end of 2021, Berkshire’s cash of $144 billion (about 909.6 billion yuan) had attracted much attention, which once made investors nervous. Buffett said Berkshire would always hold more than $30 billion in cash and equivalents. The date of Berkshire’s annual general meeting has also been set, and the annual general meeting will be held in Omaha from April 29 (Friday) to May 1 (Sunday).
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Resolve debt of 7 billion! Evergrande transferred four real estate projects and cooperated with two central enterprise trusts
On February 25, China Evergrande (3333, HK) issued an announcement to sell the equity of its four project companies to Everbright trust and Minmetals trust, which will invest funds to ensure the follow-up development and construction of the project and guarantee the delivery of the building. It is worth noting that Everbright trust and Minmetals trust are central enterprise trusts. According to China Evergrande’s announcement, the company has signed cooperation agreements with Everbright trust and Minmetals trust to sell four projects to them. The trust institution will take over the operation and management of the project company and invest funds in the project company to ensure the subsequent development and construction of the project and the guaranteed delivery of the building. Evergrande has the right to repurchase equity. It is understood that through this cooperation, Evergrande can recover part of the early-stage investment of about 1.95 billion yuan for the four projects and resolve the debt involved in the project of about 7.01 billion yuan. The recovered investment money will be used for building guarantee and debt resolution of other projects of Evergrande.
comments: some analysts believe that the cooperation between Evergrande and the two trusts has ensured the normal development and construction of the project, safeguarded the rights and interests of buyers, and realized cash return to facilitate the full resumption of work, production and delivery of buildings on the basis of ensuring that the assets are not sold at a low price and protecting the rights and interests of the company. This cooperation mode has positive reference significance for promoting Evergrande to resume normal operation, resolve debt risks and gradually get out of difficulties.
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The CSRC approved the IPO registration of five enterprises on the gem
Recently, the CSRC agreed to register New Hua Du Supercenter Co.Ltd(002264) Special Electric Co., Ltd., Hunan Junxin environmental protection Co., Ltd., Shenzhen minglida Precision Technology Co., Ltd., Shanghai Guanlong valve energy saving equipment Co., Ltd. and Hunan Junxin environmental protection Co., Ltd. for initial public offering on the gem.
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Tip: a total of 8 new shares were subscribed this week
Eight new shares were issued this week. Among them, there are three on Monday, one on Tuesday, three and four, and two on Friday
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This week, the ban on restricted shares with a market value of 39.268 billion was lifted, and the market value of Chengdu Xgimi Technology Co.Ltd(688696) lifted was the highest
data show that this week (from February 28 to March 4), a total of 59 companies lifted the ban successively, with a total of 2.796 billion shares. Calculated according to the closing price on February 25, the market value of the lifted ban was 39.268 billion yuan
In terms of the market value of lifting the ban, the top three in the market value of lifting the ban are: Chengdu Xgimi Technology Co.Ltd(688696) (RMB 9.972 billion), Bank Of Xi’An Co.Ltd(600928) (RMB 7.871 billion) and No. 9 company (RMB 2.472 billion).
In terms of the proportion of lifting the ban, the top three are: Shenzhen Capol International&Associatesco.Ltd(002949) (47.81%), Chengdu Xgimi Technology Co.Ltd(688696) (42.74%), Bank Of Xi’An Co.Ltd(600928) (42.07%).
