March 7th (Monday), the main contents of today's headlines are:
China Securities Journal
Leading the green and low-carbon development of the industry, listed companies act as the "vanguard"
The representative committee members of listed companies said that green and low-carbon development is the only way to achieve high-quality development. As a leading enterprise in various industries, listed companies are not only the new force of economic construction, but also the "vanguard" leading the green and low-carbon development of the industry. Listed companies should actively practice the concept of green development, pay close attention to tackling key problems of green and low-carbon technologies, accelerate the transformation of innovation achievements, and strive to be better and stronger with the help of capital market forces.
Policy efforts to accelerate the development of affordable rental housing
In 2022, a number of policies from the central to local governments have been issued one after another, and the development of indemnificatory rental housing has pressed the "acceleration key". The agency expects that the investment related to affordable rental housing is expected to exceed 1.2 trillion yuan this year. While promoting the accelerated formation of the housing pattern of "simultaneous rent and purchase", it is of positive significance to boost China's demand and stabilize the overall economic market.
Since this year, the total amount of new share fundraising has increased significantly
According to the data, as of March 6, 50 new shares have landed in A-Shares since 2022. Although the number of new shares is less than that in the same period last year (77), the total fund-raising is more than 130 billion yuan, an increase of nearly 140% over the same period last year. Intermediary service institutions involve 22 recommendation institutions, 17 audit institutions and 25 law firms. Among them, the total cost of recommendation and underwriting is about 5 billion yuan.
The main line of steady growth is clear, and the A-share market will gradually heat up
The government work report submitted for deliberation on the 5th further clarified the importance of "steady growth". Industry insiders said that from the perspective of investment, "steady growth" releases a clear signal, and the relevant measures are further clarified, which is worth looking forward to. It is expected that the A-share market will gradually heat up in late March, and individual stocks related to scientific and technological growth are expected to become the main line of the market again in the second quarter
Shanghai Securities News
The comprehensive registration system will promote the quality, efficiency and vitality of the capital market
From the examination and approval system to the examination and approval system, to promoting the market-oriented reform of issuance under the examination and approval system, and then to the pilot of registration system, each evolution of the issuance system is not only an important driving force for China's capital market to move towards a new stage of development, but also a footnote for the gradual maturity and improvement of the capital market and the ability to serve the real economy.
The government work report first mentioned the "establishment of a financial stability guarantee fund" to prevent and resolve financial risks, and made new moves. The focus of monetary and credit policies is sufficient
Analysts believe that the formulation of "establishing a financial stability guarantee fund" is quite innovative and will further effectively prevent and resolve systemic financial risks. The relevant formulation of monetary and credit policy is more active than in previous years, and the implementation details are more clear. It puts forward practical solutions to the problem of difficult and expensive financing, and points out a clearer direction for financial institutions to support the real economy.
The Fed's monetary policy is facing a "tightrope"
On March 3 local time, when attending the semi annual hearing of the Senate Banking Committee, Federal Reserve Chairman Jerome Powell reiterated his support for the interest rate increase announced at this month's interest rate meeting by 25 basis points. He said that in view of the uncertainty of the situation in Russia and Ukraine, the Federal Reserve needs to act cautiously, and promised that the Federal Reserve would do anything to stabilize prices. Facing the worst inflation situation in 40 years, the Fed is about to usher in a second "Volcker moment".
Apple sends new PK Huawei "folding wind" screen display and hinge enterprises may become big winners
Apple recently announced the time of its spring press conference. Coincidentally, the news that Huawei is about to release the latest external folding screen mobile phone is also frequently seen in the media. Giant PK in the same period, who will hold the bull's ear? Many industry insiders said that under the leadership of Huawei, with the collective efforts of Android mobile phone camp, folding screen mobile phones are expected to become a breakthrough for China's mobile phone industry to surpass apple and enter the high-end
Securities Times
Liu Xinhua: improve the letter Phi system, compact the intermediary responsibility, and comprehensively implement the reform of the registration system
Liu Xinhua, deputy to the National People's Congress and vice chairman of the financial and Economic Commission of the National People's Congress, said in a speech at the Shanghai Delegation group meeting of the two sessions of the National People's Congress on March 6 that to fully implement the reform of the registration system, we need to continue to improve the information disclosure system, compact the responsibilities of intermediaries, standardize the application, judgment and audit standards of the registration system, quantify the whole process and all links of registration, and realize the normalization of delisting, By building an efficient and complete system, we will ensure that the reform of the registration system is stable and far-reaching.
It is also exposed that securities practitioners illegally speculate in stocks, and the industry expects "moderate supervision"
The CSRC reviewed and replied to some current regulatory regulations and measures taken by the supervision, and said that in the next step, it will further study the relevant provisions on stock trading of securities practitioners, further strengthen the fine management of securities practitioners, and strengthen the internal management and external restraint mechanism of securities companies, Research and promote relevant work on the basis of gradually consolidating the industry culture of "compliance, integrity, professionalism and stability".
The position adjustment trend of well-known global investors surfaced, and the position of technology stocks was increased
The positions of world-renowned investors at the end of 2021 have been announced one after another, and the positions of Buffett, Munger, Soros and Zhang Lei have attracted much attention. Investors' positions are mainly based on personal investment ideas and changes in the market environment. From the latest positions of well-known investors, finance, technology and cyclical consumption are industries with concentrated position changes.
Beishang capital increased its position in the non-ferrous metal sector, and 22 shares were increased for seven consecutive weeks
After two consecutive weeks of net outflow of funds from northbound, the net inflow last week was 4.274 billion yuan, including 5.035 billion yuan in Shanghai and 761 million yuan in Shenzhen. Compared with previous weeks, the intensity of fund position adjustment in the North has decreased, and the transaction amount last week was less than 100 billion yuan. Since the Spring Festival, the funds transferred to the north have mainly been biased towards cyclical stocks. They have increased their positions in the theme sector of "stable growth" for many times. Last week, the month on month increase of shareholding in public utilities, real estate and non-ferrous metal industries ranked first
Securities Daily
Three high-frequency words resounding to escort China's economic stability
In the new stage of China's economic development, "seeking progress while maintaining stability" is a qualitative advance, "six stabilities" and "six guarantees" are the protection and promotion of the economy and people's livelihood. It is these resounding high-frequency words and their connected policy expressions that escort the stability and long-term development of China's economy.
Intermediaries must be good gatekeepers and effectively protect the legitimate rights and interests of investors
At present, the number of investors in China's securities market has exceeded 200 million. To strengthen investor protection, intermediaries are an indispensable part. Representatives and members generally believed that being a good "gatekeeper" of the capital market is not only the guarantee to prevent fraud and fraud, but also the basis to improve the quality of information disclosure and help protect the legitimate rights and interests of investors.
During the year, 14 listed banks were investigated by institutions 55 times, and the trend of credit granting became a "must answer"
Since this year, institutions have conducted intensive research on listed banks. According to the reporter's incomplete sorting, as of March 6, a total of 14 listed banks received research from various institutions, including funds, securities companies and venture capital, with a cumulative number of 55 times, of which 42 times related to credit lending were mentioned, which became the topic of "most concern" of institutional research.
Small and medium-sized private placement managers urgently need to break through 7800, with an average management scale of less than 500 million yuan
Recently, according to the latest statistics, the reporter found that among the 8949 securities private placements in the whole market, the total registered capital was 207583 billion yuan, and the paid in capital was only 140572 billion yuan; There are only 117 managers with a management scale of more than 10 billion yuan, accounting for 1.3%, and 7800 managers with a management scale of less than 500 million yuan
people's daily
Develop new infrastructure and share new opportunities
As an important support for the development of digital economy, the construction of new infrastructure is in full swing in China. Experts, scholars and business leaders from many countries said that China's optimization and upgrading of digital infrastructure has laid a solid foundation for the development of its digital economy and created new opportunities for global innovation cooperation
first finance
Fund issuance is cold again. Will the market weaken this time
The A-share market continued to fluctuate and adjust, the profit-making effect was poor, and the issuance of public funds entered the "freezing point period" again. Compared with 2021, the number and share of fund products issued in the first two months of 2022 decreased by 46% and 89% year-on-year respectively. However, from the historical data, the cold of fund issuance does not mean that there is no opportunity for the market to rise in the later stage.
The number of new households of convertible bonds hit a record high. Can the niche market that has been bull for three years still bring excess returns
As a minority investment market, the convertible bond market with "guaranteed bottom and no ceiling" has been "quietly" bullish in the past three years. With the valuation at the historical high point since 2018, can the market become an ideal place for investors to avoid risks? In the view of a senior insider, compared with the core assets and popular tracks in the past two years, the relatively small convertible bond market is easy to be ignored by most people, but the valuation risk of the small market that has risen for three consecutive years is worthy of vigilance
economic reference
Central and local policies guide financial transfusion and Rural Revitalization and press the fast forward button
With the help of the policy, the financial sector and Rural Revitalization press the fast forward key. Industry insiders believe that in order to strengthen financial support for rural revitalization, the next step is to further improve the rural credit system and other financial infrastructure, promote relevant legislation, and further improve the quantity and quality of Rural Revitalization financial services.
Strengthening delisting supervision and accelerating "clearing" of Companies
In 2022, there was the first case of forced delisting of individual stocks due to major violations of law due to financial fraud. At present, the regulators continue to strengthen the delisting supervision. While accelerating the "clearing" of problem companies and achieving "retreat as much as possible", they pay attention to the protection of investors' rights and interests in the delisting process, so as to achieve "retreat" and "retreat stably". Experts said that the capital market has in and out, the survival of the fittest ecosystem is gradually taking shape.
