It’s time to hold the national two sessions next year!
On the afternoon of December 24, the 32nd meeting of the Standing Committee of the 13th National People’s Congress voted and adopted the decision of the Standing Committee of the National People’s Congress on convening the fifth session of the 13th National People’s Congress. According to the decision, the fifth session of the 13th National People’s Congress will be held in Beijing on March 5, 2022. The 64th chairman’s meeting of the 13th National Committee of the Chinese people’s Political Consultative Conference held a few days ago considered and adopted the decision (Draft) on convening the fifth meeting of the 13th National Committee of the Chinese people’s Political Consultative Conference, and recommended that the fifth meeting of the 13th National Committee of the Chinese people’s Political Consultative Conference be held in Beijing on March 4, 2022.
The CSRC solicits public opinions on the systems and rules related to overseas listing
In order to promote the standardized and healthy development of enterprises using the overseas capital market and support enterprises to list abroad in accordance with laws and regulations, in accordance with the securities law of the people’s Republic of China, the CSRC, together with relevant departments of the State Council, put forward revision suggestions on the special provisions of the State Council on overseas share offering and listing of joint stock limited companies (Order No. 160 of the State Council), The State Council’s Administrative Provisions on overseas securities issuance and listing of domestic enterprises (Draft for comments) (hereinafter referred to as the administrative provisions) were studied and drafted, and the administrative measures for the filing of overseas securities issuance and listing of domestic enterprises (Draft for comments) (hereinafter referred to as the filing measures) were drafted simultaneously as supporting rules of the administrative provisions, We are now seeking public opinions.
The Tariff Commission of the State Council issued the list of the sixth extension of the exclusion of goods subject to additional tariffs on the United States
According to the announcement of the Tariff Commission of the State Council on the extension list of the second exclusion of goods with additional tariff imposed on the United States (announcement of the Tax Commission [2020] No. 10) and the announcement of the Tariff Commission of the State Council on the extension list of the fourth exclusion of goods with additional tariff imposed on the United States (announcement of the Tax Commission [2021] No. 5), The second extension list for the exclusion of goods with additional tariffs on the United States and the fourth extension list for the exclusion of goods with additional tariffs on the United States will expire on December 25, 2021. The Tariff Commission of the State Council decides to extend the exclusion period for relevant commodities according to procedures.
CICC: halve the delivery fees of stock index futures and treasury bond futures
On December 24, 2021, China Financial Futures Exchange (hereinafter referred to as “CICC”) issued a notice to halve the delivery fees of stock index futures and treasury bond futures from January 1 to December 31, 2022. The reduction of delivery fees is another measure taken by CICC to benefit enterprises and the people and feed back the market, which will effectively reduce the cost of investors participating in financial futures trading by actively responding to the national policy of “tax reduction and fee reduction”, Solidly Promoting the series of activities of “I do practical things for the masses” in the study and education of party history, following the implementation of the arrangement for reducing the delivery fees of stock index futures and treasury bond futures in 2021, Better promote the effective function of the financial futures market and continuously improve the ability of the financial futures market to serve the real economy.
How to do energy work in 2022? Here comes the road map
We should continue to give full play to the role of coal as a “ballast stone”, effectively play the basic regulatory role of coal and electricity, solidly improve the power safety and supply capacity, continue to improve oil and gas exploration and development, constantly improve the production, supply, storage and marketing system, ensure the safe and warm winter of the people in the northern region, and strengthen the prediction and early warning of the safe operation of energy sources. Strengthen the guarantee of policies and measures, and issue the implementation plan for carbon peak in the energy field, the plan for the modern energy system in the 14th five year plan, the opinions on improving the institutional mechanisms and policies and measures for green and low-carbon transformation of energy, as well as the plans in various sub fields. We will accelerate the implementation of renewable energy substitution actions, promote the development and consumption of wind power PV nearby in the eastern, central and southern regions, actively promote the cluster development of offshore wind power and the development of wind power PV bases in the “Three North” regions, pay close attention to the construction of wind power PV bases in deserts, Gobi and deserts, and start the implementation of “wind control action in thousands of villages and villages” and “Sunshine Action for thousands of families”. Actively and steadily develop hydropower, accelerate the construction of leading reservoirs and hydropower stations in Southwest China, and approve the commencement of a number of major projects. Orderly promote the development and utilization of biomass energy.
China Cinda: it will invest 6 billion yuan to subscribe for 20% equity of Chongqing ant Consumer Finance Co., Ltd
China Cinda Hong Kong Stock Exchange announced that the company, as one of the subscribers for capital increase, entered into an equity subscription agreement with the target company, other subscribers for capital increase and other existing shareholders on the 24th. According to the equity subscription agreement, the target company issued an additional registered capital of 22 billion yuan to all subscribers for capital increase. Among them, the company will contribute RMB 6 billion to subscribe for 20.000% of the shares of the target company in cash. After the capital increase is completed, the registered capital of the target company will increase from RMB 8 billion to RMB 30 billion, and the group will hold 24.003% of the equity of the target company. The target company is Chongqing ant Consumer Finance Co., Ltd.
The central bank and other departments jointly issued the plan for Chengdu Chongqing to jointly build a western financial center
In order to implement the spirit of Xi Jinping general secretary’s important speech at the sixth meeting of the central financial and Economic Commission and the decision and deployment of the CPC Central Committee and the State Council on promoting the construction of Chengdu Chongqing dual city economic circle, and give full play to the regional, industrial, resource and ecological advantages of Chengdu Chongqing dual city economic circle, according to the requirements of the planning outline for the construction of Chengdu Chongqing dual city economic circle, One belt, one road, is to build Chengdu Chongqing into a western financial center based on the west, facing East Asia and Southeast Asia, and serving the construction of the “one belt and one way” country and region. It will promote the Chengdu Chongqing region to accelerate the construction of the Shuangcheng economic circle, create an important growth pole for high quality development and a new Beijing Dynamic Power Co.Ltd(600405) , and formulate the plan.
Shanghai Stock Exchange: the threshold for individual investors participating in China depositary receipts business is lowered to no less than 500000 yuan
The Shanghai Stock Exchange publicly solicited opinions on the Interim Measures for the interconnection of Shanghai Stock Exchange and overseas stock exchanges for the listing and trading of depositary receipts and the supporting business guidelines. The revised Interim Measures adjusted the suitability standards for individual investors participating in China’s depositary receipts business, The average daily assets in the securities account and capital account shall be reduced from no less than 3 million yuan to no less than 500000 yuan 20 trading days before the opening of the application authority, and shall participate in securities trading for more than 24 months, and other requirements shall remain unchanged.
The three-year action plan for the construction of Shanghai civil aviation industry chain was released, and more than 10 scientific and technological enterprises were cultivated to meet the listing conditions
Shanghai Municipal Commission of economy and information technology, Shanghai Municipal Development and Reform Commission, Shanghai Municipal Commission of science and technology, Shanghai Municipal Office of science, technology and industry for national defense and Shanghai SASAC recently jointly formulated the three-year action plan for the construction of Shanghai civil aviation industry chain (2022-2024). The action plan proposes to comprehensively promote the stabilization, construction, supplement and strengthening of the civil aviation industry chain under the guidance of building a modern civil aviation industry chain. By 2024, the scale of Shanghai civil aviation industry chain will continue to expand. The output value of the civil aviation industry has exceeded 60 billion yuan, the independent supply system for key links of the industrial chain has been preliminarily established, and more than 10 scientific and technological enterprises have been cultivated to meet the listing conditions.
Detailed rules for the implementation of B to h business in Shanghai Stock Market issued by China Clearing Association and Shanghai Stock Exchange
China Clearing and Shanghai Stock Exchange jointly formulated and issued the detailed rules for the implementation of B to h business in Shanghai stock market (hereinafter referred to as the detailed rules), which shall come into force on the date of promulgation. Since last year, Shanghai B-share Listed Companies Huaxin Cement Co.Ltd(600801) , Lao Feng Xiang Co.Ltd(600612) have planned to convert B-Shares into H shares and list them on the Hong Kong stock exchange, and have disclosed the specific implementation plan. The detailed rules actively respond to market demand and provide operational guidelines for Shanghai stock exchange companies to handle B to h related businesses in accordance with the overall requirements of promoting the high-quality development of listed companies.
December 24 CCTV news broadcast financial content collection
The Ministry of Commerce today (December 24) issued a statement on the US side’s use of the Xinjiang related act to sanction Chinese enterprises and restrict Chinese products. The statement pointed out that the United States ignored the facts and acted in the name of “human rights” in a real way of unilateralism, protectionism and bullying, which seriously undermined market principles, violated WTO rules, seriously damaged the vital interests of Chinese and American enterprises and consumers, and was not conducive to the stability of the global industrial chain, supply chain and world economic recovery. China’s Ministry of Commerce expressed strong dissatisfaction and firm opposition to such economic bullying by the United States.
