March 4th (Friday), the main contents of today’s headlines are:
China Securities Journal
“Science content” continues to rise, and “little giants” continue to emerge. The scientific innovation board has been practicing for three years, giving birth to the change of hard core
In the spring of three years ago, the science and Innovation Board started the acceptance procedure, and the registration system opened the door of the pilot. After a spring thunder broke the institutional barriers, the dream was reflected into reality. The science and innovation board made entrepreneurs embark on a journey bordering the capital market with vision and passion. After three years of exploration and hard work, China’s hard technology clusters have a clear appearance. Today, the science and innovation board has undergone deep-seated structural changes and has better and more stable market expectations.
Jiang Yang, member of the CPPCC National Committee and former vice chairman of the CSRC: enrich the variety system of treasury bond futures and actively study and introduce overseas traders
In recent years, China’s bond market has developed rapidly. While consolidating its position as the world’s second largest market, the degree of internationalization has increased steadily, and the holding scale of foreign investors has exceeded 4 trillion yuan. Jiang Yang, member of the CPPCC National Committee and former vice chairman of the CSRC, said in an interview with reporters a few days ago that it is suggested to further improve the Treasury bond futures variety system, actively study and introduce overseas traders, and promote the high-quality development of the Treasury bond futures spot market.
Wang Jingwu: preventing financial risks and strengthening the root of the real economy
On March 3, Wang Jingwu, deputy to the National People’s Congress and member of the Industrial And Commercial Bank Of China Limited(601398) Party committee, executive director, vice president and chief risk officer of China, said in an exclusive interview with reporters that the current situation that has not changed in a century has accelerated the evolution, and various internal and external risks and disturbance factors have increased. As the main force to prevent and resolve financial risks, commercial banks should take the initiative to properly deal with and respond to emerging problems and challenges, and resolutely hold the bottom line of no systemic financial risks.
Beijing stock exchange: the wind is good, the sail is hanging, and strive to advance the “main position”
The 24th Meeting of the Central Committee for comprehensively deepening reform held recently proposed to support and guide industry leading enterprises and specialized and special new enterprises mastering key core technologies to deepen reform, strengthen innovation and strengthen cultivation. The representatives and members of the national two sessions interviewed believed that running the Beijing stock exchange well is an important task of the current capital market. It is suggested to further improve the ability of the Beijing stock exchange to serve innovative small and medium-sized enterprises from the aspects of introducing incremental funds, innovating the trading mechanism and clarifying the legal status of public companies
Shanghai Securities News
Fearless of external “high wind and fierce waves”, the financial forerunner moves to stabilize the chassis
In the face of internal and external “uncertainties” and “adverse factors”, China has made a good “first hand chess” to win sufficient space for action in the future; China’s economy is resilient, and the implementation of policies is “self-centered” without fear of overseas “high winds and waves”; RMB assets have become a “safe haven”, and global investors continue to vote of confidence.
The “high fever” of oil price is not retreating, and the global energy supply pattern is facing reconstruction
A number of authorities said in an interview with reporters on the 3rd that the current “high fever” of oil prices is not only a problem left by geopolitical tensions, but also the evil result of unlimited loose money in various countries in the early stage. The high oil price is an overall reconstruction of the global energy supply pattern and supply chain arrangement, and will also have a certain impact on China. To this end, China should “bite its teeth” to develop new energy and strive to get rid of its dependence on oil imports.
The main line of “steady growth” of undervalued weight sectors is clear
On Thursday, the A-share market as a whole showed a volatile trend. After the opening of the Shanghai Composite Index, it once stood at the integer level of 3500 points, but then it fluctuated and fell back. Affected by the surge in international oil prices, the oil and gas sector remained at the top of the list. Banks, real estate and other undervalued weight sectors have also made collective efforts, and the main line of “steady growth” has strengthened significantly.
A large number of virtual digital people appear, and the media industry welcomes the key node of “evolution”
The paving of the information highway has brought great challenges to the booming paper media; The rise of mobile Internet has made portal websites gradually withdraw from the historical stage; Tiktok and Kwai Fu are popular, and the carrier of information dissemination has evolved from the graphic age to the short video era. Nowadays, the emergence of a large number of virtual digital people means that the media industry has ushered in the key node of great evolution again
Securities Times
Guo Weimin: the fundamentals of China’s economy have not changed for a long time
Guo Weimin said that focusing on the economic situation, the members believed that in the face of the complex and changeable international environment and the multiple tests of China’s epidemic situation, China’s economic operation maintained a stable recovery trend last year, and the fundamentals of China’s long-term economic improvement remained unchanged. At the same time, China’s economic development is becoming more complex and the external environment is facing more severe challenges this year.
Jiang Yang: improve the variety system of treasury bond futures and actively study the introduction of overseas traders
Jiang Yang, member of the CPPCC National Committee and former vice chairman of the CSRC, will submit a proposal on accelerating the development of the Treasury bond futures market this year. Jiang Yang suggested that relevant departments should coordinate and further strengthen the improvement of the Treasury bond futures variety system, promote the listing of treasury bond futures options, better cover the interest rate curve through the innovation of term varieties, actively study and introduce overseas traders, and promote the high-quality development of the Treasury bond futures spot market.
Liu Lei: optimize equity incentive tax policies and improve low-carbon development planning
In order to promote the “green” development of listed companies, Liu Lei suggested to further improve the low-carbon development planning and policy guidance of listed companies. Support the refinancing approval of listed companies, give priority to the approval of raised and invested projects that are conducive to the realization of carbon emission targets, shorten the approval process, relax the approval requirements and other support measures, and help listed companies smoothly raise funds to invest in high-quality low-carbon and carbon reduction projects.
Many state-owned assets opened the toolbox and launched the battle of “controlling losses”
Recently, the guidance on central enterprises accelerating the construction of a world-class financial management system issued by the state owned assets supervision and Administration Commission of the State Council made it clear to speed up the governance of loss making enterprises, deal with problems left over by history, optimize the quality of assets and business, and improve capital efficiency. In this process, the toolbox, including the stripping of “two non” assets, “the return of two assets”, the introduction of mixed reform, asset restructuring and the expansion of effective investment, has been opened up more and more
Securities Daily
On behalf of the committee members, they talked about the reform of the registration system: positive changes have taken place in the ecological structure of the capital market
Recently, representatives and experts interviewed by reporters said that since the pilot reform of the registration system of the science and innovation board, positive changes have taken place in the capital market ecology, and the construction of multi-level capital market has been accelerated, which has played an important role in serving the national independent innovation strategy. With the steady progress of the reform of the whole market registration system, the supervision needs to continue the “zero tolerance” law enforcement, improve the supporting system, balance the interests of all parties and compact the responsibilities of all parties.
The effect of active fiscal policy is emerging
Members of the National Committee of the Chinese people’s Political Consultative Conference and experts interviewed by reporters said that this year’s fiscal policy should appropriately move forward, continue to strengthen the tax reduction and fee reduction policy and financial investment, maintain the fiscal deficit rate at a reasonable level, and make greater efforts to issue special bonds to ensure the continued financing of projects under construction.
Real estate financial regulation “stable and moderate” real estate has entered the era of “intensive cultivation”
Since the beginning of the year, many places have issued a number of “optional” policies to stabilize the real estate market, and made many adjustments to the housing related financial policies of “stability with degree”; At the same time, real estate enterprises are also actively carrying out “self rescue” through debt extension, asset sales, internal adjustment and other means. It is generally believed in the industry that the property market in some first and second tier cities has been warm, and the real estate industry will bid farewell to the “rapid progress” and change from high growth rate to high-quality development stage.
With the advent of the era of high oil prices, the oil and gas exploitation sector is under pressure in the downstream of refining and chemical industry
Since the beginning of this year, the high outlook of the oil and gas industry has been continuously improved, and the international oil price has reached a new high in recent days. With the advent of the era of high oil prices, the impact on the whole industrial chain has begun to appear. The sharp rise in the share prices of companies related to the oil and gas sector has also led to increasing pressure in downstream fields such as refining and chemical industry
21st Century Business Herald
Actively promote new urbanization
At a news conference held a few days ago, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said that recently, the China Banking and Insurance Regulatory Commission and the people’s Bank of China would jointly issue documents to solicit the opinions of more than a dozen departments and do a good job in serving the “new citizens”.
List of “investment” and “research” of 57 “double ten” fund managers
According to the data, there are 2936 fund managers in public funds, and only 178 fund managers have more than 10 years of service life, of which only 57 have an annualized return of more than 10%. Overall, the “double ten” fund managers in 2022 pay more attention to style balance. On the one hand, they allocate more undervalued and value stocks, and on the other hand, they continue to be optimistic about growth stocks such as technology and new energy
people’s daily
Stronger driving force for innovation and development
Innovation is the first driving force leading development. Since the 18th CPC National Congress, Xi Jinping general secretary has repeatedly emphasized innovation and development at the national two sessions. The deputies and members said that we should earnestly implement the spirit of the important speech of Xi Jinping general secretary, release the momentum of innovation, entrepreneurship and creation of the whole society, do a good job in all aspects of reform, development and stability, and gather the majestic force of building a modern socialist country in an all-round way and realizing the Chinese dream of the great rejuvenation of the Chinese nation
first finance
The global market shock has not stopped, and the signs of stabilization of A-Shares are becoming more and more obvious
With the escalation of the conflict between Russia and Ukraine, the global stock market continued to be under pressure, the market demand for risk aversion increased significantly, and investors poured into the bond market and precious metal market. It is worth noting that even at the beginning of the geopolitical turmoil, A-Shares fell due to the disturbance of disputes in a short time, but from the perspective of trend, it seems to have gradually stepped out of panic.
Fiscal revenue of 31 provinces: Guangdong’s “31 consecutive” Hubei, Shanxi and Shaanxi’s top three growth rates
Affected by factors such as steady economic recovery and rising commodity prices, the fiscal revenue of all provinces showed a restorative growth in 2021. By combing the relevant data of local general public budget income in 31 provinces, the reporter found that the income of the vast majority of provinces was better than expected at the beginning of the year and exceeded the income, which also reflected that the local economy was stable and improving
economic reference
The Ministry of industry and information technology has intensively investigated and brewing new measures to stabilize industry
The Ministry of industry and information technology recently convened key industry associations to hold an internal symposium to study and judge the development situation of steel, petrochemical, machinery and other industries, analyze the difficulties and pain points of various industries, and step up the deployment of steady growth in the next stage. It is reported that the Ministry of industry and information technology will work with relevant departments to speed up the commencement of a number of key projects to promote the stable growth of industrial investment. At the same time, in view of the problems faced by small and medium-sized enterprises such as insufficient orders and factor cost pressure, it will issue detailed measures to support small and medium-sized enterprises to ensure that the policy dividend will be implemented as soon as possible in the first quarter.
What are the rates related to financial products lowered by multiple institutions?
Recently, a number of banks and their financial subsidiaries have reduced the relevant rates of financial products to varying degrees. Insiders said that under the background of slow product circulation and poor income, multiple institutions reduce the relevant rates of financial products in order to grab customers, which is a means of competition. At the same time, reducing the product rates is also a way to reduce fees and profits, which can better reflect the direction of Inclusive Finance.
