On Tuesday, December 21st, the main contents of today’s headlines are:
China Securities Journal
The central bank and the China Banking and Insurance Regulatory Commission jointly issued a document to encourage the merger and acquisition of high-quality projects of real estate enterprises in danger
The people’s Bank of China and the China Banking and Insurance Regulatory Commission recently jointly issued the notice on doing a good job in M & a financial services for risk disposal projects of key real estate enterprises. People close to the regulatory authorities told the China Securities Journal that encouraging high-quality real estate enterprises to acquire projects of real estate enterprises in danger is a powerful measure to clear risks in a market-oriented way.
Steady opening-up resonates with the increase of foreign investment. The “magnetism” of A-Shares highlights economic vitality
Under the new pattern of accelerating financial opening up, the opening of the capital market continued to increase. Last weekend, the CSRC issued two heavy policies at one go, that is, revising the rules of the Shanghai Luntong to be incorporated into the listed companies of the Shenzhen Stock Exchange, revising the interconnection mechanism and cracking down on “fake foreign capital”, which will further expand the breadth and depth of two-way opening.
Strive for new products at the end of the year and at the beginning of the year 2022
As the new year approaches, the new fund products of various public fund companies have been listed on the issuance schedule one after another, and began to prepare for the “good start” of fund issuance in 2022. Jinniu fund managers such as Li Xiaoxing, Feng Mingyuan and Zhou Enyuan took command in person. In addition, a number of high performing fund managers such as HSBC Jinxin Lu Bin, Jingshun Great Wall Fund Li Jin and Dacheng Fund Han Chuang took the lead.
LPR “interest rate cut” helps “broad credit” and there is room for reduction next year
The people’s Bank of China authorizes the national interbank lending center to announce that the quoted interest rate (LPR) of the loan market on December 20, 2021 is: 1-year LPR is 3.8%, and more than 5-year LPR is 4.65%. Experts said that this is the first reduction of one-year LPR in 20 months, which will promote the financial system to better support the real economy. The impact of the one-year LPR cut on the short-term market interest rate is relatively limited, but it provides more favorable financial conditions for “wide credit”, and there is still downward space for LPR next year.
Shanghai Securities News
The two departments issued documents to escort the risk resolution of the real estate industry and obtained key support for M & A financing of high-quality projects
Under the background that the reasonable financing needs of real estate enterprises continue to be met, the risk resolution of real estate enterprises has also ushered in a new policy escort. Shanghai Securities News reporter learned from insiders yesterday that the people’s Bank of China and the China Banking and Insurance Regulatory Commission recently jointly issued a notice to encourage banking financial institutions to do a good job in financial support and services for mergers and acquisitions of key real estate enterprise risk disposal projects.
Strict supervision, eliminating “noise” and highlighting the attribute of “real foreign investment”
Recently, the CSRC publicly solicited opinions on Amending Several Provisions on the trading interconnection mechanism between the mainland and Hong Kong stock markets, made it clear that investors in Shanghai and Shenzhen Stock connect do not include mainland investors, and gave a one-year transition period. December 20 is the first trading day after the release of the new regulations. On the same day, there was a more obvious adjustment of a shares, but only 971 million yuan was sold in the north. Byd Company Limited(002594) , Goertek Inc(002241) , Eve Energy Co.Ltd(300014) , Luxshare Precision Industry Co.Ltd(002475) were net purchased by more than 450 million yuan.
The other side of private fof highlights: the performance of star “platter” is dim, and effective supply is still scarce
In terms of the number of issues, private fof (the fund in the fund) has undoubtedly ushered in a high light moment this year. As of December 19, 2322 private fof funds have been issued this year, compared with 1303 last year.
LPR was lowered for the first time after 20 months, and there is still room for decline next year. The quotation for more than 5 years remains unchanged or is intended to consolidate the “real estate is not fried”
The quoted market interest rate (LPR) of the last loan in 2021 is fixed by “interest rate reduction”. As an important wind vane of the interest rate market, LPR had “stood still” for 19 consecutive months. Experts believe that the reduction of one-year LPR will help reduce the financing cost of the real economy and release the signal that monetary policy is strengthening counter cyclical regulation; The LPR over a period of more than 5 years has not changed, indicating that the tone of real estate regulation of “real estate without speculation” has not changed, which is intended to maintain a virtuous circle and healthy development of the real estate industry. Wang Qing, chief Macro Analyst of Dongfang Jincheng, said that based on the expectation that the steady growth policy will moderately move forward in 2022, the RRR reduction will continue in the first half of next year, and the possibility of a small reduction in MLF interest rate cannot be ruled out. Therefore, there is room for a slight decrease in LPR.
securities times
Ministry of industry and information technology: put steady industrial growth in the most important position next year
On December 20, the National Conference on industry and informatization was held in Beijing. The meeting summarized the work in 2021, analyzed the current situation and deployed key tasks in 2022. The meeting pointed out that the overall requirements of industry and informatization in 2022 are to place the stable growth of industry in the most important position, comprehensively promote the strong chain and supplement the chain, tackle key technological problems, digital transformation and green and low-carbon development, increase support for small and medium-sized enterprises, improve the supply capacity of information and communication services, promote the stable operation and quality upgrading of industrial economy, and maintain the basic stability of the proportion of manufacturing industry, Enhance the core competitiveness of the manufacturing industry and build a solid economic “ballast”. The meeting stressed that in 2022, efforts should be made to boost the industrial economy and provide strong support for stabilizing the economic market.
The one-year LPR was lowered by 5 basis points to further reduce the financing cost of the real economy
On December 20, the national interbank lending center announced the market quotation rate (LPR) for the new term loan, with the one-year term variety reported at 3.80%, down by 5 basis points; Varieties with a maturity of more than 5 years reported 4.65%, unchanged from the previous time.
We will improve the supervision of cross-border capital flows and make overall plans for financial openness and security
On December 20, compared with the average level of the previous five trading days, the net capital inflow from the North showed a significant downward trend. The important background of this change is that the provisions on the trading interconnection mechanism between the mainland and Hong Kong stock markets to be revised clearly stipulates that investors in Shanghai and Shenzhen Stock connect do not include mainland investors.
New investors hit a five-year high, and the number of two financial accounts exceeded 6 million for the first time
According to the latest data of China Clearing, the number of new investors in November was 1337500, an increase of 36.38% month on month. By the end of November 2021, the number of investors (including A-share and B-share accounts opened) had reached 196 million.
Securities Daily
The one-year LPR was lowered every 19 months, releasing the signal of strengthening the counter cyclical regulation of monetary policy
The market quoted interest rate (LPR) of the last loan in 2021 is released. On December 20, according to the announcement of the national interbank lending center authorized by the people’s Bank of China (hereinafter referred to as the “central bank”), the one-year LPR was 3.8%, compared with 3.85% in the previous period, down 5 basis points; LPR over 5 years was 4.65%, unchanged from the previous period. It is worth mentioning that before this, the 1-year LPR has remained unchanged for 19 consecutive months.
Ministry of industry and information technology: put steady industrial growth in the most important position in 2022
Xiao Yaqing, Minister of the Ministry of industry and information technology, said at the National Conference on industry and information technology held in Beijing on the 20th that in 2022, it is necessary to place the stable growth of industry in the most important position, comprehensively promote the strengthening and supplementing of the chain, tackling key technological problems, digital transformation and green and low-carbon development, increase support for small and medium-sized enterprises, improve the supply capacity of information and communication services, and promote the stable operation, quality improvement and upgrading of the industrial economy, Keep the proportion of manufacturing industry basically stable, improve the core competitiveness of manufacturing industry, and build a solid economic “ballast”.
Let 300 million old people enjoy happiness, and industrial capital in their later years has great potential
With the recent advancement of the personal pension system, many people are once again concerned about their old-age life while calculating how their pension will change. China has a large elderly population. According to the data of the seventh national census, by the end of 2020, China’s elderly population over the age of 60 had reached 264 million, accounting for 18.7% of the total population. According to the prediction of the United Nations Population Programme, this number will rise to 400 million in 2035.
North to the net sale of funds for two consecutive days experts: the possibility of systematic evacuation caused by the “crackdown on counterfeiting” factor is unlikely
After the CSRC cracked down on “fake foreign capital”, the market paid more and more attention to “whether there will be panic flight of northbound funds”. However, as for the changes of northbound funds on December 20, the industry generally believed that there was little possibility of systematic withdrawal.
21st Century Business Herald
In December, the one-year LPR decreased to 3.8%, which remained unchanged at 3.85% for 19 consecutive months
LPR quotation in December attracted much market attention. Although the MLF interest rate remained unchanged in December, the bank’s capital cost was reduced to a certain extent due to the two RRR reductions in July and December. Some market participants expect the one-year LPR to decrease in December, but others believe that the LPR will not decrease.
Huawei, which doesn’t make cars, plays cards again: Hongmeng finally “gets on the bus”
Around 2015, driven by the reform of the “new four modernizations” of automobiles and the entrepreneurial trend driven by Tesla, a number of new Internet car making forces in China were born. In the voice of doubt, many entrepreneurs have broken their dreams and left the scene, but there are also head enterprises represented by Weilai, Xiaopeng and ideal, which have gradually walked out of their own road of development.
people’s daily
All localities and departments should do a good job in carbon peaking and carbon neutralization in an overall and orderly manner, making energy cleaner and land greener
Under the blue sky and white clouds, in the East plant area of Shijiazhuang thermal power plant, Hebei Province, the heat exchange unit of the new stone heat relay energy station operates efficiently and transmits clean heat sources to thousands of households. Liu Wendong, deputy director of Shijiazhuang Urban Management Bureau and director of Shijiazhuang heating affairs center, said: “after the new project was officially put into operation on October 28, it will provide heating services for 220000 households and more than 600000 people. It can save 1.14 million tons of standard coal a year and significantly reduce greenhouse gas emissions such as carbon dioxide.”
China business daily
The “mine demolition” policy was intensively introduced! The real estate industry may usher in a wave of project mergers and acquisitions
Recently, the first financial reporter learned that the central bank and the China Banking and Insurance Regulatory Commission jointly issued the notice on doing a good job in M & a financial services for key real estate enterprise risk disposal projects (hereinafter referred to as the notice), requiring banking financial institutions to carry out M & A loans for real estate projects in a stable and orderly manner in accordance with the principles of legal compliance, controllable risk and commercial sustainability, Focus on supporting high-quality real estate enterprises to acquire high-quality projects of real estate enterprises with operational risks.
“Buy and buy” under the shadow of “rise”: the price of dollar stores rises by 25%, and the rich Americans live frugally
He who does not think of the future is certain to have immediate worries. There is no doubt that abnormally high inflation has occupied the near worries of Americans, and even wealthy Americans dare not spend money. With Christmas approaching, American retailers are preparing for the last week of holiday shopping. The survey shows that in the past “super Saturday Co.Ltd(002291) “, it is expected to attract nearly 150 million shoppers online and offline. However, most wealthy Americans said that they were unwilling to spend more money due to factors such as inflation caused by the epidemic.
economic reference daily
General Administration of market supervision: strengthening anti-monopoly and anti unfair competition legislation
The reporter learned on December 20 that the State Administration of Market Supervision recently issued the implementation outline for the construction of market supervision under the rule of law (2021-2025) (hereinafter referred to as the outline). The outline points out that the construction of market supervision under the rule of law is an important part of the construction of a country under the rule of law, a government under the rule of law and a society under the rule of law. It is an important support for the modernization of the market supervision system and supervision capacity. It plays an overall, strategic, basic and guarantee role in the development of market supervision.
The monetary policy of “interest rate cut” for the first time in the year made efforts to maintain steady growth
On December 20, the latest loan market quotation rate (LPR) was released. This is the first reduction of one-year LPR this year and the first reduction after April 2020. Industry insiders said that since 2021, the people’s Bank of China has strengthened cross cycle regulation, maintained reasonable and sufficient liquidity of the banking system, effectively reduced the capital cost of banks, promoted the decline of the one-year LPR, and the decline of LPR has also created favorable conditions for the financial system to transfer profits to the real economy. Looking forward to the future, monetary policy will further promote the decline of entity financing costs. At the same time, if the LPR remains unchanged for more than 5 years, it will release the signal of “no speculation in real estate” and maintain the virtuous circle and healthy development of the real estate industry.
