[information summary]
China Foundation Association cancelled the registration of 6 private fund managers
China Foundation Association announced that due to abnormal business conditions and failure to submit qualified special legal opinions within 3 months after the written notice, the association will cancel Shanghai tianwaiwang Investment Management Co., Ltd., Fenglai equity investment fund management (Shanghai) Co., Ltd., Guangdong Yuejia Asset Management Co., Ltd Murphy equity investment fund management (Shanghai) Co., Ltd., Nanjing Shaye Investment Management Co., Ltd. and Ningbo Yuxiang Investment Management Co., Ltd. registered private fund managers of 6 institutions, and entered the above information into the integrity archives database of the capital market.
share transfer company and Beijing stock exchange: further improve the market function of the new third board and fully implement the requirements of the registration system
The national stock transfer company and the Beijing stock exchange issued a new year’s speech in 2022, which will take building a service innovative main position for small and medium-sized enterprises as the general direction, cooperate with all forces, continue to consolidate the good start of the Beijing stock exchange, further improve the market function of the new third board, implement the requirements of the full implementation of the registration system, launch the market service brand and strengthen market supervision, Enhance the integration of business and technology, improve internal management and team building, strengthen political construction and the construction of Party style and clean government, solidly promote all work to a new level, welcome the victory of the 20th CPC National Congress with outstanding achievements, and actively contribute to better serve the high-quality development of the real economy, build a modern capital market with Chinese characteristics, and achieve the second Centennial goal.
national development and Reform Commission: as of the end of November, the installed capacity of wind power photovoltaic in China was 592 million KW, with a year-on-year increase of 26.8%
National Development and Reform Commission: by the end of November, the installed capacity of wind power PV in China was 592 million KW, a year-on-year increase of 26.8%, ranking first in the world. Among them, the installed capacity of wind power was 300 million KW, a year-on-year increase of 29%; The installed capacity of PV was 290 million KW, a year-on-year increase of 24.1%. From January to November, the total power generation of wind power and photovoltaic in China increased by 34.7% year-on-year, of which the cumulative power generation of wind power and photovoltaic increased by 40.8% and 24.1% year-on-year.
Shenzhen Stock Exchange: increase support for scientific and technological innovation, green and low carbon, manufacturing, small and medium-sized enterprises and other fields
On December 31, the 2022 New Year speech released by Shenzhen Stock Exchange mentioned that we should adhere to service-oriented and increase support for the real economy. Adhere to the main responsibility and main business, focus on the national strategy, provide services, and guide the allocation of resources to key national support areas. We will increase support for scientific and technological innovation, green low-carbon, manufacturing and small and medium-sized enterprises to serve the high-quality development of the real economy. Optimize and improve the market cultivation system, layout the service chain around the industrial chain innovation chain, and improve the pertinence and accuracy of services. Launch more innovative products directly to the real economy, better meet the people’s wealth management needs, and promote the coordinated development of investment and financing.
Shenzhen Stock Exchange’s 2022 New Year speech: make preparations for the full implementation of the stock issuance registration system
In its 2022 New Year speech, the Shenzhen Stock Exchange said that it would promote the improvement of the basic system, continuously improve the market function, and adhere to the reform method to solve the problems in development. We will thoroughly implement the three principles of the registration system reform, consolidate the effectiveness of the gem registration system reform, and make preparations for the full implementation of the stock issuance registration system. Guided by the reform of the registration system, we will do a good job in key work such as improving the quality of listed companies, promoting high-level two-way opening-up, and improving the ability of science and technology supervision, so as to promote development with reform and strengthen the driving force with innovation.
Shenzhen Stock Exchange: this week focused on monitoring ” Kunming Longjin Pharmaceutical Co.Ltd(002750) ” ” Zhejiang Canaan Technology Limited(300412) ” ” Andon Health Co.Ltd(002432) ” with abnormal recent growth
Shenzhen Stock Exchange: this week (from December 27 to December 31), self regulatory measures were taken for 81 abnormal securities transactions, involving intraday lifting and suppression, false declaration and other abnormal transactions; Focus on monitoring ” Kunming Longjin Pharmaceutical Co.Ltd(002750) ” ” Zhejiang Canaan Technology Limited(300412) ” ” Andon Health Co.Ltd(002432) ” with abnormal recent increase; A total of 13 major events of listed companies were verified and reported to the CSRC for clues of one suspected case of violation of laws and regulations.
Shanghai Stock Exchange: special verification was conducted on 7 major events of listed companies this week
Shanghai Stock Exchange: this week (December 27-31, 2021) took written warnings and other regulatory measures against 66 abnormal securities transactions such as raising and suppressing, false declaration and so on. We focused on monitoring stocks with serious abnormal fluctuations, and strictly adopted regulatory measures such as suspending investor account transactions in accordance with regulations for 12 abnormal trading behaviors that exacerbated abnormal fluctuations, misled investors’ trading decisions and affected the market trading order; Special verification was conducted on 7 major events of listed companies, and clues of one suspected violation of laws and regulations were reported to the CSRC.
Shanghai Stock Exchange: the preferential policy of exempting all newly listed companies from initial listing fees will be extended until December 31, 2022
Shanghai Stock Exchange issued a notice on temporarily exempting part of the fees in 2022. The preferential policy of exempting all newly listed companies from initial listing fees will be extended until December 31, 2022 (inclusive). The preferential policy of Exempting the annual listing fee of listed companies with a total share capital of 400 million to 800 million shares (inclusive) will be extended to December 31, 2022 (inclusive). The handling fee for share transfer of asset management plan in 2022 is exempted. The annual listing fee of companies registered in Shanxi Province in 2022 will be exempted, and the initial listing fee and annual listing fee of new companies registered in Shanxi Province in 2022 will be exempted. Under the guidance of Shanghai Stock Exchange, Shanghai Stock Exchange Information Network Co., Ltd. is exempted from the online voting service fee for the 2022 general meeting of shareholders of listed companies registered in Shanxi Province.
Ministry of Finance: continue to implement individual income tax preferential policies such as annual one-time bonus
The Ministry of Finance announced that the implementation period of the annual one-time bonus separate tax preferential policy stipulated in the notice of the Ministry of Finance and the State Administration of Taxation on the connection of preferential policies after the amendment of the individual income tax law will be extended to December 31, 2023; The preferential tax policy for equity incentive of listed companies shall be calculated separately, and the implementation period shall be extended to December 31, 2022. The preferential policy of exemption from the final settlement and payment of comprehensive income of individual income tax stipulated in the announcement of the Ministry of Finance and the State Administration of Taxation on relevant policy issues related to the final settlement and payment of comprehensive income of individual income tax shall be extended to December 31, 2023.
foreign exchange bureau spokesman Wang Chunying: the risk of slowdown in foreign debt growth is generally controllable
Wang Chunying, deputy director of the State Administration of foreign exchange and spokesman, answered reporters’ questions on foreign debt data at the end of September 2021: in the third quarter of 2021, China’s foreign debt growth slowed down. Benefiting from China’s overall promotion of epidemic prevention and control and economic and social development, the national economy has maintained a recovery trend, and foreign investors continue to increase their holdings of RMB bonds, which reflects the achievements of China’s two-way opening of the financial market and investors’ confidence in China’s economic development prospects. The main indicators of China’s foreign debt are within the internationally recognized safety line, and the foreign debt risk is generally controllable.
the people’s Bank of China issued the macro Prudential policy guidelines (for Trial Implementation)
The people’s Bank of China issued the macro Prudential policy (guidelines). The guidelines consists of nine chapters and 38 articles. The main contents include: first, clarify the relevant concepts of macro Prudential policy. It defines the macro Prudential policy framework, systemic financial risk, macro Prudential Management Mechanism and other related definitions. The second is to elaborate the specific content of the macro Prudential policy framework. Including: clarifying the objectives of macro Prudential policy, that is, to prevent systemic financial risks, especially the procyclical accumulation of systemic financial risks and cross-institutional, cross industry, cross market and cross-border infection, improve the toughness and robustness of the financial system, reduce the possibility and destructiveness of financial crisis, and promote the overall health and stability of the financial system; This paper summarizes the main types of systemic financial risks and the monitoring and evaluation mechanism of macro Prudential policy; The main tools that can be included in macro Prudential policy are divided. The third is to put forward the support and guarantee required for the implementation of macro Prudential policy, and explain the coordination between macro Prudential policy and other policies, especially monetary policy and micro prudential supervision.
7 departments such as the central bank: some Internet platform enterprises have violations in the marketing of financial products
According to the central bank’s website on December 31, the people’s Bank of China, the Ministry of industry and information technology, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the state online information office, the foreign exchange bureau and the Intellectual Property Office solicited public opinions on the administrative measures for online marketing of financial products (Draft for comments). It is reported that the formulation of the measures is an important measure to implement the decision and deployment of the CPC Central Committee on anti-monopoly and preventing disorderly capital expansion. With the vigorous development of digital economy, the social production and life style is changing from production orientation to demand orientation. Customers and data resources have become an important basis for the implementation of monopoly in the era of digital economy. Taking advantage of online scenarios and reaching customers, some Internet platform enterprises carry out financial business by participating in and holding financial institutions or cooperating with financial institutions. There are some violations in the marketing of financial products, which infringe on the rights and interests of financial consumers, exclude and restrict fair competition. It is urgent to formulate policies and systems to regulate the online marketing of financial products.
7 departments such as the central bank: no institution or individual shall provide online marketing services for illegal financial activities
The central bank and other seven departments solicited public opinions on the administrative measures for online marketing of financial products (Draft for comments). The exposure draft proposes that no institution or individual shall provide online marketing services for illegal financial activities, including but not limited to illegal fund-raising, illegal issuance of securities, illegal lending, illegal stock recommendation, virtual currency trading, foreign exchange deposit trading, etc; It is not allowed to carry out network marketing for unspecified objects for financial products such as private placement asset management products and non-public issuance of securities.
Ministry of Finance and other four departments: the subsidy standard for new energy vehicles in 2022 will decline by 30% from the previous year
According to the news on the website of the Ministry of Finance on December 31, the Ministry of finance, the Ministry of industry and information technology, the Ministry of science and technology and the development and Reform Commission issued the notice on the financial subsidy policy for the promotion and application of new energy vehicles in 2022. The notice specifies that in 2022, the subsidy standard for new energy vehicles will decline by 30% on the basis of 2021; For qualified vehicles in urban public transport, road passenger transport, rental (including online car Hailing), sanitation, urban logistics and distribution, postal express, civil aviation airport and public service of Party and government organs, the subsidy standard will decline by 20% on the basis of 2021.
the central bank solicited opinions on local financial supervision and administration regulations and increased penalties for violations
According to the central bank’s website on December 31, the people’s Bank of China issued a notice on Soliciting Opinions on the regulations on local financial supervision and Administration (Draft for comments). The regulations give local financial supervision and regulation departments the means to perform their duties and increase the punishment for violations of laws and regulations. Make it clear that local financial supervision and administration departments carry out on-site inspection and off-site supervision, and take supervision and management measures according to law. Establish a monitoring and early warning mechanism for local financial risks, and take risk disposal measures for local financial organizations, such as suspending business, restricting asset transfer and capital utilization, and ordering controlling shareholders to transfer equity, as appropriate and in accordance with procedures. The punishment standard shall be set according to the situation, and the “double punishment” system can be implemented according to the principle of excessive punishment, and the long-term and repeated Financial Violations of the same kind can be punished one by one.
22 departments such as the Ministry of Commerce: strive to break regional blockade and industrial monopoly during the 14th Five Year Plan period
According to the website of the Ministry of Commerce on December 31, the Ministry of Commerce and other 22 departments recently issued the “14th five year plan” for China’s trade development. It is mentioned in the plan that on the premise of maintaining the national unified market, we will promote the establishment of regional market integration and cooperation mechanisms for urban agglomerations such as Beijing Tianjin Hebei, the Yangtze River Delta, the Great Bay area of Guangdong, Hong Kong and Macao, the middle reaches of the Yangtze River, Harbin, Changsha, Chengdu and Chongqing, the Central Plains, Beibu Gulf, Guanzhong Plain, Hubao, Eyu and Lanxi, strive to break regional blockades and industrial monopolies, and strengthen the connection of regional business development plans, Improve the regional circulation infrastructure network, accelerate the innovation of market circulation technology and mode, promote the interconnection of information systems of circulation enterprises, promote the sharing of credit information and mutual recognition of rules and regulations, and strengthen regional cooperation in market emergency guarantee and supply.
the last oil price adjustment in the year will cost 5.5 yuan more to fill a tank of gasoline
According to the national development and Reform Commission, a new round of refined oil price adjustment window will open at 24:00 today (December 31). The reporter learned from the national development and Reform Commission that the details of the oil price adjustment are as follows: the prices of gasoline and diesel in China have increased by 140 yuan and 135 yuan per ton respectively. On the national average, 92 gasoline will be increased by 0.11 yuan per liter; 95 gasoline will be increased by 0.12 yuan per liter; 0 diesel increased by 0.12 yuan per liter. The reporter has calculated an account for you. According to the estimation of the 50L capacity of the general household automobile fuel tank, filling a box of No. 92 gasoline will cost 5.5 yuan more. (China Central Television Finance)
[new stock dynamics]
Hujiang materials, Maiwei biology and other 8 shares will apply for
In the first week of the new year (from January 4 to January 7, 2022), a total of 8 new shares were opened for subscription (one from the Beijing stock exchange). Specifically: Hujiang materials (Beijing stock exchange), Maiwei biology, Aojie technology and Xinghui environmental materials applied for purchase on January 4. The subscription codes are 889888, 787062, 787220 and 300834 respectively. Deshi Co., Ltd., Jiayuan technology and Bank of Lanzhou applied for purchase on January 5, with purchase codes of 301158, 301117 and 001227 respectively. Yike food was purchased on January 6, with purchase code: 301116.
China Securities Regulatory Commission issued an IPO approval
Recently, the CSRC approved the initial application of the following enterprises according to legal procedures: Anhui wanlang magnetic plastic Co., Ltd. The above-mentioned enterprises and their Underwriters will negotiate with the exchange to determine the issuance schedule and publish the offering documents.
[institutional perspective]
Central China Securities Co.Ltd(601375) : there may be a new situation of high-low switching in the market after the festival
Central China Securities Co.Ltd(601375) indicates that the A-share index maintained the characteristics of smooth operation on the last trading day of 2021. We expect that after the new year’s Day holiday, the market is expected to continue to maintain the operating pattern of range shocks, and the rotation characteristics of leading hot spots will continue to be maintained. After the festival, the market may have a new situation of high-low switching. It is suggested to continue to pay attention to the changes in policy and capital.
Bohai Securities: the market has entered the game stage, and the index performance in January is not pessimistic
Bohai Securities pointed out that in January, the return of overseas risk appetite and the easing of China’s liquidity pressure created good external conditions for the A-share market. The A-share market has also entered the vacuum stage of economic data and performance, superimposing valuation switching and other factors. We believe that the market has entered the game stage, and we are not pessimistic about the performance of the index in January.
China Merchants Securities Co.Ltd(600999) : it is suggested to focus on large consumption, science and technology in 2022
China Merchants Securities Co.Ltd(600999) said that the “post recession” defense and growth style deserve more attention. It is suggested that in 2022, we should focus on big consumption (innovative drugs, Baijiu, pork, consumer services, etc.), technology (electronics, computers, communications, media, semiconductor, etc.), such as military industry, new energy (energy storage, green electricity, photovoltaic, wind energy, etc.).
Galaxy Securities: stable macro environment, restless market in spring
Galaxy Securities believes that looking forward to January 2022, the macro environment is stable, China’s liquidity is stable and loose, the fiscal policy is gradually strengthened, and the credit expands slowly, which is generally conducive to equity assets. The restless market in spring can be expected. In addition, we can pay attention to the disclosure of the annual report forecast. There are two main lines of industry allocation – 1. Real estate, consumption and other industries that benefit from policy stability and economic marginal improvement; 2. In line with the long-term investment main line of high-end manufacturing and specialization.
[investment opportunity]
5g news network successfully completed the innovation pilot, and relevant companies or concerns
According to China Mobile 5g news, Shanghai Mobile, together with China Mobile Internet, China Mobile Research Institute, China Mobile Information Technology Center, China mobile terminal company and Zte Corporation(000063) successfully completed the pilot of 5g message private network in 5g message innovation center. By adding private network attribute tags to users and applications and carrying out closed-loop management in the message system, the logical private network effect of diversion and isolation is realized.
5g message is built based on GSMA RCS up 2.4 standard. With SMS as the entrance and mobile phone number as the user ID, it realizes the interaction, multimedia and lightweight of industry messages by introducing MAAP technology, which not only supports the interaction of multimedia messages between individual users, It also enables industry customers and individual users to provide rich media based information digital interactive services through the operator network.
Open source Securities pointed out that with the large-scale deployment of “5g messages”, 5g traffic at TOC end is expected to be driven. In addition, with the transformation of enterprise SMS traffic at B end, the target market of 5g messages will first catch up with and gradually expand the scale of enterprise SMS market. With the gradual popularization of 5g messages, it will further promote the accelerated development of 5g applications. Enterprises with priority layout are expected to seize the opportunity, improve the market share of 5g messages, and increase the company’s performance. In 2021, we will focus on 5g applications, and 5g messages, as one of the typical scenarios of 5g applications, will be promoted first.
Minsheng Securities believes that the Nationwide Trial commercial use of 5g news marks a key step in the commercialization of 5g news, which is expected to accelerate the development of the whole ecology in the future, and the subdivided fields such as platform services and industrial applications are expected to benefit for a long time. It is recommended to focus on Montnets Cloud Technology Group Co.Ltd(002123) manufacturers with leading advantages in the 5g message field, and Beijing Jiaxun Feihong Electrical Co.Ltd(300213) , Fujian Star-Net Communication Co.Ltd(002396) , Hangzhou Cncr-It Co.Ltd(300250) .
the whole market registration system may speed up, and the IPO business space of securities companies is expected to be further expanded
According to Xinhua News Agency on December 30, Yi Huiman, chairman of the CSRC, said in an interview that since this year, we have systematically summarized and evaluated the experience of the pilot registration system of the science and innovation board and the gem, found and solved problems in time and responded to market concerns. The Beijing stock exchange was established and the pilot registration system was carried out simultaneously. Overall, the pilot has achieved the expected goal, and the conditions for the full implementation of the registration system have been gradually met. At present, we are stepping up the formulation of the reform plan of the whole market registration system, Solidly Promoting relevant preparations, and ensuring the smooth implementation of this major reform.
Galaxy Securities pointed out that the comprehensive registration system was accelerated, and the investment banking business significantly benefited from the release of institutional dividends. In November, the equity financing scale of the whole market was 259.298 billion yuan, a year-on-year increase of 54.57%; The IPO Financing scale was 39.568 billion yuan, a year-on-year increase of 35.47%. On December 8, 2021, the central economic work conference was held, requiring the full implementation of the stock issuance registration system. The full registration system has a high probability of landing in 2022, the allocation efficiency of capital market elements has been improved, and the IPO business space of securities companies has been further expanded.
Caixin Securities believes that the central economic work conference has set the tone to fully implement the registration system in 2022, and the reform of the whole market registration system can be implemented in 2022. In 2022, as a newly established stock exchange, Beijing stock exchange is expected to contribute incremental space to the investment banking business of securities companies. Under the registration system, investment banks play the role of value discoverer rather than the original channel role. Investment banking business will provide enterprises with full business chain and full life cycle business services, so as to create diversified income increment for investment banks, and there is a broad space for investment bank capitalization increment. Under the trend of institutionalization, the development prospect of Pb business and derivatives business of securities companies is optimistic.
In 2022, driven by loose liquidity, better market environment, stable operation of the Beijing stock exchange and the implementation of the reform of the whole market registration system, it is expected that the overall performance of the securities industry will be better in 2022. With the timely reduction of reserve requirements and the relaxation of monetary policy margin, the risk preference of investors will be improved and the valuation will be improved. However, the overall valuation of the securities industry is still at a historical low, in the last 11% since 2000, Caixin Securities believes that the securities market in 2022 can be expected. On the investment main line, it is suggested to pay attention to three main lines: high-quality head securities companies, prominent wealth management advantages and securities companies with top investment banking business. The key recommendations are Citic Securities Company Limited(600030) , East Money Information Co.Ltd(300059) , Huatai Securities Co.Ltd(601688) , Orient Securities Company Limited(600958) .
[announcement selection]
Jilin Jinguan Electric Co.Ltd(300510) : terminate the strategic cooperation agreement with Jintai travel
Guangxi Liugong Machinery Co.Ltd(000528) : the operating revenue target in 2022 is 33.5 billion yuan
Sichuan Goldstone Asia Pharmaceutical Inc(300434) : Kuai Yixi, the shareholder, intends to reduce the company’s shares by no more than 1.49%
Shenzhen Bauing Construction Holding Group Co.Ltd(002047) : signed strategic cooperation agreements with 360 Security Technology Inc(601360) and other companies
Hynar Water Group Co.Ltd(300961) : won the bid for 481 million yuan sewage treatment plant and infrastructure project
Shanxi Meijin Energy Co.Ltd(000723) : Meijin hydrogen Yang’s capital increase promotes the development of hydrogen energy business
Beijing Shiji Information Technology Co.Ltd(002153) : the wholly-owned subsidiary plans to sell the equity of the participating company
Kingland Technology Co.Ltd(000711) : the loss of seal did not cause serious impact and major risk to the company’s operation
Tongfu Microelectronics Co.Ltd(002156) : a total of 201 million yuan of government subsidies were received in 2021
Haier Smart Home Co.Ltd(600690) : the issuance of no more than 73 million H shares was approved by the CSRC
Fujian Cosunter Pharmaceutical Co.Ltd(300436) reply to concern letter: 3CL protease inhibitor is still in preclinical research stage
Honz Pharmaceutical Co.Ltd(300086) : Guangzhou hi tech Zone Investment Group plans to reduce its shares by no more than 2%
Jiangsu Hongtu High Technology Co.Ltd(600122) : the company and its controlling shareholders were filed by the CSRC
Sichuan Languang Development Co.Ltd(600466) : the accumulated principal and interest of debt due and unpaid totaled 27.739 billion yuan
Caissa Tosun Development Co.Ltd(000796) : the controlling shareholders acting in concert intend to reduce their shares by no more than 1.93%
Chengdu B-Ray Media Co.Ltd(600880) : there is still uncertainty whether the cooperation with BiliBili can finally be reached
Shenzhen Zhaowei Machinery&Electronic Co.Ltd(003021) : Gongqingcheng juzhaode investment plans to reduce no more than 2% of the company’s shares
Shandong Buchang Pharmaceuticals Co.Ltd(603858) : Xuanfei Baidu granule has obtained the marketing license in Canada
Gd Power Development Co.Ltd(600795) : rmb1036 million acquisition of Chint new energy distributed photovoltaic project
Guangdong Guoli Sci&Tech Co.Ltd(300716) : the controlling shareholder intends to reduce no more than 10% of the shares of the company
Shenzhen Maxonic Automation Control Co.Ltd(300112) : Fu Yuchen, the actual controller, plans to reduce his shares by no more than 3.15%
Kweichow Moutai Co.Ltd(600519) : the net profit is expected to be about 52 billion yuan in 2021, with a year-on-year increase of 11.3%
Boai Nky Medical Holdings Ltd(300109) : Wuhu changqian, the shareholder, plans to reduce his shares by no more than 3%
Citic Guoan Information Industry Co.Ltd(000839) : Guoan group, the parent company of the controlling shareholder, was applied for reorganization
Naipu Mining Machinery Co.Ltd(300818) : the performance increase in 2021 is mainly due to the unsustainability of the erdente project contract
Shanghai Ace Investment&Development Co.Ltd(603329) : the company and relevant responsible persons received the attention letter and warning letter
Zhuhai Hokai Medical Instruments Co.Ltd(300273) : the controlling shareholder and actual controller will change
Anhui Jinhe Industrial Co.Ltd(002597) : the net profit in 2021 will increase by 29% – 60% year-on-year
(Securities Times)
