Important information affecting the market this weekend includes: the CSRC solicits public opinions on the relevant systems and rules of overseas listing; The monetary policy committee of the central bank held its regular meeting in the fourth quarter of 2021; The central bank and other departments jointly issued the plan for Chengdu Chongqing to jointly build a western financial center; The CICC will halve the fees for the delivery of stock index futures and treasury bond futures; The threshold for individual investors participating in China depositary receipts business shall be lowered to no less than 500000 yuan; The China Clearing Association Shanghai Stock Exchange issued the detailed rules for the implementation of B to h business in Shanghai stock market; How to do the energy work in 2022? The road map is coming.
macroeconomic
The central rural work conference was held in Beijing Xi Jinping and made important instructions for doing a good job in the work of “agriculture, rural areas and farmers”
The central rural work conference was held in Beijing from 25th to 26th. Guided by the thought of socialism with Chinese characteristics in the Xi Jinping new era, the conference fully implemented the spirit of the 19th CPC National Congress and all previous plenary sessions of the 19th CPC National Congress, implemented the spirit of the central economic work conference, analyzed the current situation and tasks facing the “three rural” work, and studied and deployed the “three rural” work in 2022.
The monetary policy committee of the central bank held its regular meeting in the fourth quarter of 2021
The fourth quarter (95th) regular meeting of the monetary policy committee of the people’s Bank of China in 2021 was held in Beijing on December 24. The meeting analyzed the economic and financial situation outside China. The meeting held that since this year, China has comprehensively promoted epidemic prevention and control and economic and social development, effectively implemented macro policies, and maintained a global leading position in economic development and epidemic prevention and control. The prudent monetary policy maintains continuity, stability and sustainability, scientifically manages market expectations, strives to serve the real economy and effectively prevents and controls financial risks. The dividend from the reform of quoted interest rate in the loan market continued to be released, the transmission efficiency of monetary policy was enhanced, the loan interest rate was stable, the expectation of RMB exchange rate was stable, and the two-way floating elasticity was enhanced, which played the role of macroeconomic stabilizer.
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.
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.
Vice Minister of Commerce Wang Shouwen: China will continue to reduce the negative list of foreign investment access and expand foreign investment market access
Wang Shouwen, Vice Minister of Commerce and deputy representative of international trade negotiations, said at the “theme event of the 30th anniversary of China’s accession to APEC and the China Forum of APEC Business Leaders in 2021” today that China’s average tariff has dropped to about 7.4% in the 30 years since China’s accession to APEC. This year, China will continue to reduce the negative list of foreign investment access, expand foreign investment market access, strengthen investment promotion and protection, and take practical actions to deepen China’s reform and expand high-level opening to the outside world, achieve self height and quality development, and make more contributions to world economic growth.
financial capital
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.
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.
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.
Shanghai Shenzhen Hong Kong Stock Exchange and China Clearing reached a consensus on the overall scheme of integrating ETF into the subject of interconnection
In order to continuously optimize the interconnection mechanism between the mainland and Hong Kong markets and enrich the existing objects of interconnection, according to the joint announcement of the securities regulatory commissions of the two places, Shanghai Stock Exchange, Shenzhen Stock Exchange, Hong Kong Exchanges and Clearing Co., Ltd China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as Shanghai Shenzhen Hong Kong Stock Exchange and China Clearing) has reached a consensus on the overall scheme of integrating ETF into the subject of interconnection. The inclusion of ETF into the interconnection target is another landmark achievement of the upgrading of the interconnection mechanism, which will make the interconnection spot ecological chain more complete and further promote the mainland and Hong Kong markets to create a win-win situation. On the one hand, the inclusion of ETF into the interconnection target can enrich the investment channels and transaction varieties of domestic and foreign investors, which is conducive to more convenient and effective allocation of each other’s market resources by domestic and foreign investors; On the other hand, the inclusion of ETF into the interconnection target will further improve the investor structure and promote the healthy development of ETF market.
Detailed rules for the implementation of B to h business in Shanghai Stock Market issued by China Clearing Association and Shanghai Stock Exchange
Recently, 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, which will 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.
Zhou Xiaochuan: it is necessary to study and promote the construction of international board in the construction of Shanghai international financial center
On December 25, Zhou Xiaochuan, President of the China Financial Society and former president of the people’s Bank of China, said at the 2021 Shanghai international financial center development forum that the construction of Shanghai international financial center has been fruitful all the way; Looking forward to the future, the prospect is promising. Zhou Xiaochuan believes that from the perspective of equity and bond markets, the construction of Shanghai international financial center mainly focuses on two aspects. On the one hand, we should guide the inflow and outflow of Chinese and international funds; On the other hand, the main body of financing and the construction of an international financial center require the deep participation of China and international institutions in the Chinese market.
industrial economy
Central bank: safeguard the legitimate rights and interests of housing consumers and better meet the reasonable housing needs of home buyers
The fourth quarter (95th) regular meeting of the monetary policy committee of the people’s Bank of China in 2021 was held in Beijing on December 24. The meeting pointed out that we should safeguard the legitimate rights and interests of housing consumers, better meet the reasonable housing needs of home buyers, and promote the healthy development and virtuous cycle of the real estate market. We will promote high-level two-way financial opening-up and improve our economic and financial management ability and risk prevention and control ability under open conditions.
Wang Menghui, Minister of housing and urban rural development: adhere to the positioning of “housing without speculation” and promote the virtuous cycle and healthy development of the real estate industry
“We should adhere to the positioning that houses are used for living, not for speculation”, “improve the quality of new urbanization”… The central economic work conference made important arrangements for promoting the virtuous cycle and healthy development of the real estate industry, urban construction and rural construction. Housing and urban and rural construction are the largest consumer market in China and important areas for steady growth, expanding domestic demand and building a strong Chinese market. What will the development of housing and urban and rural construction face in 2022? What specific measures will the Ministry of housing and urban rural development take to promote the virtuous circle and healthy development of the real estate industry? How will we lead the transformation and upgrading of urban construction and promote the high-quality development of housing and urban and rural construction? Focusing on the above issues, Wang Menghui, Minister of housing and urban rural development, was interviewed by Xinhua news agency.
How to do energy work in 2022? Here comes the road map
At the national energy work conference in 2022, Zhang Jianhua, Secretary of the Party group and director of the national energy administration, released seven key tasks for next year’s energy work. We will accelerate the tackling of key technical and equipment problems. We will focus on tackling key technical problems in key areas such as gas turbine, nuclear power, renewable energy, oil and gas, energy storage and hydrogen energy, and strive to make breakthroughs in green and low-carbon cutting-edge technologies. Vigorously carry out technological and industrial innovation. We will strive to build a standard system for carbon peaking and carbon neutralization in the energy field and promote digital technology innovation. Accelerate the application of 5g and blockchain in the energy field, promote the large-scale and market-oriented development of new energy storage, and explore a new development model of hydrogen energy and comprehensive intelligent energy services.
company focus
Ant Xiaojin increased its capital by 22 billion. The giant made a collective move. China Xinda won 6 billion. This A-share company gave up!
According to the announcement of China Xinda and other companies on December 24, Chongqing ant Consumer Finance Co., Ltd. (hereinafter referred to as ant consumer finance) will issue an additional registered capital of 22 billion yuan to all subscribers for capital increase. After the capital increase is completed, the registered capital will increase from 8 billion yuan to 30 billion yuan. A number of companies participated in the investment, including 11 billion yuan invested by ant group; China Cinda invested 6 billion yuan; Jiangsu Yuyue Medical Equipment And Supply Co.Ltd(002223) invested 1.098 billion yuan; Shunyu optics, boguan technology and Yufu capital invested 1.8 billion yuan, 1.322 billion yuan and 780 million yuan respectively.
Shanghai Stock Exchange: focus on monitoring Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) and other stocks with serious abnormal fluctuations this week
This week (December 20 to December 24, 2021), the Shanghai Stock Exchange took written warnings and other regulatory measures against 88 abnormal securities transactions such as raising and suppressing, false declaration and so on. Focus on monitoring Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) and other stocks with serious abnormal fluctuations, and strictly take regulatory measures such as suspending investors’ account trading in accordance with regulations for 54 abnormal trading behaviors that exacerbate abnormal fluctuations, mislead investors’ trading decisions and affect the market trading order; Special verification was conducted on 10 major events of listed companies, and clues of 2 suspected violations of laws and regulations were reported to the CSRC.
Shenzhen Stock Exchange: this week focused on monitoring the recent abnormal increase of ” Longzhou Group Co.Ltd(002682) ”
From December 20 to December 24, the exchange adopted self regulatory measures for 64 abnormal securities transactions, involving intraday lifting and suppression, false declaration and other abnormal transactions; Focus on monitoring ” Longzhou Group Co.Ltd(002682) ” with abnormal recent increase; A total of 16 major events of listed companies were verified and reported to the CSRC for clues of one suspected case of violation of laws and regulations.
