March 28th (Monday), the main contents of today’s headlines are:
China Securities Journal
China US audit and supervision cooperation goes in the opposite direction, and overseas listing channels remain unblocked
On March 27th, the Chinese Securities Regulatory Commission (CSRC) held an exclusive video conference on the overview of China’s stock market and listened to the opinions of some major Chinese securities investment institutions. The reporter noted that at present, the channels for enterprises to list abroad remain unblocked.
The CSRC plans to launch seven measures to support private enterprise bond financing
It is reported that the CSRC plans to launch a series of policies and measures in the near future to further broaden the bond financing channels of private enterprises and enhance the quality and efficiency of serving the development of private economy. Industry insiders expect that a new round of bond financing support policies for private enterprises is imminent, and relevant departments are expected to take more practical and effective measures to form a joint force in supporting bond financing of private enterprises.
“Guo” prefix fund stimulates new momentum of state-owned assets, and emerging industrial projects are favored
According to incomplete statistics, up to now, the scale of state-owned asset funds such as the mixed reform of state-owned enterprises and Shuangbai funds led by relevant departments and central enterprises has exceeded 3.2 trillion yuan. From the perspective of projects, projects of central enterprises, state-owned enterprises and emerging industries are favored by state-owned funds. Insiders believe that the acceleration of the establishment and operation of trillions of state-owned funds will help state-owned enterprises reform and create a new situation and stimulate the vitality of the capital market.
Increase of consumption and joint efforts to improve the self-sufficiency rate of domestic oil
Oil plays a very important role in national food security and Rural Revitalization Strategy. In recent years, China’s consumption of edible vegetable oil has continued to grow, the demand gap has expanded, and China’s dependence on foreign countries has increased significantly. In order to ensure the safety of China’s grain and oil, all parties work together to improve the self-sufficiency rate of domestic oil
Shanghai Securities News
Shanghai Stock Exchange issued “30 anti epidemic measures” to fully maintain the smooth operation of the capital market
The Shanghai Stock Exchange said that in order to thoroughly implement the decision-making and deployment of the CPC Central Committee and the State Council on epidemic prevention and control and the work requirements of the CSRC, the Shanghai Stock Exchange made adjustment and connection arrangements for the development of relevant businesses in the special period of epidemic prevention and control, optimized self-discipline supervision and service methods, supported the development of real economy, stimulated the vitality of market subjects, and made every effort to maintain the stable operation of capital market, Implement detailed measures to support epidemic prevention and control and ensure market operation.
The CSRC plans to launch a series of policies to improve the bond financing support mechanism of private enterprises
According to the news released on the official website of the CSRC yesterday, the CSRC plans to launch a series of policies and measures in the near future to further broaden the bond financing channels of private enterprises and enhance the quality and efficiency of serving the development of private economy.
The risk situation of credit bonds has improved significantly, and the credit risk of 3 trillion yuan bonds maturing in the second quarter will be free
At present, the risk situation of credit bond market has been significantly improved. Although some agencies suffered rating downgrades in the first quarter of this year, the characteristics of the tail impact of the industry can be clearly seen from these downgrades. Data show that the maturity scale of credit bonds in the second quarter exceeded 3 trillion yuan, and the scale is still high. However, many market participants believe that there is no risk of credit risk in the second quarter.
228 companies plan to send nearly 400 billion yuan of cash dividends in Shanghai stock market, showing four characteristics
In recent years, cash dividends have become a beautiful scenery in the A-share market, adding luster to the high-quality development of listed companies. Shanghai stock exchange companies dominated by blue chips are the “main force” of high dividends, and cash dividends have entered a new stage of normalization
Securities Times
CSRC: further expand the bond financing channels of private enterprises
The China Securities Regulatory Commission said yesterday that it plans to launch a series of policies and measures in the near future to further broaden the bond financing channels of private enterprises and enhance the quality and efficiency of serving the development of private economy. This is to implement the decision and deployment of the CPC Central Committee and the State Council on supporting the development of private enterprises, and implement the working requirements of the government work report on improving the bond financing support mechanism of private enterprises.
The securities industry focuses on five hot spots and makes suggestions for steady growth, early development and early results
The reporter of the securities times interviewed a number of senior executives, chief economists and business backbones of securities companies. He learned that the industry is quite concerned about monetary policy, real estate regulation, the return of China concept shares, private economic development, industrial supervision, capital market reform, opening to the outside world and other topics, and actively put forward policy suggestions.
The gradual improvement of multi-level capital market and the reform of Beijing stock exchange are at the right time
The opening of the Beijing stock exchange is an important achievement in the process of improving the multi-level system of the capital market. Market participants believe that China’s capital market structure has changed from an early “inverted triangle” to a “positive triangle”. The science and innovation board, the gem, the Beijing stock exchange and the new third board have their own positioning and efficiency. To continuously improve the quality and efficiency of the multi-level capital market in serving the high-quality development of the real economy, it is necessary for the markets at all levels to highlight their characteristics, dislocation development and constantly enhance the resilience of market development.
The interest rate gap between China and the United States should be compressed rapidly, and the monetary policy should remain calm
The yield of 10-year US Treasury bonds rose rapidly, reaching 2.48%, a new high in recent three years. At present, the interest rate spread of China US long-term bonds based on the yield of 10-year Treasury bonds has gone out of the “comfort zone” and narrowed to about 31 basis points. However, as the world’s second-largest economy, China’s monetary policy should still adhere to “focus on me”
Securities Daily
The CSRC plans to promote seven measures to broaden the financing channels of private enterprise bonds, and the Shanghai and Shenzhen Stock Exchange has stated its position to promote the improvement of the financing support mechanism of private enterprise bonds
According to the news on the official website of the CSRC on March 27, in order to implement the decision and deployment of the CPC Central Committee and the State Council on supporting the development of private enterprises and the working requirements of the government work report on improving the bond financing support mechanism of private enterprises, the CSRC plans to launch a series of policies and measures in the near future to further broaden the bond financing channels of private enterprises and enhance the quality and efficiency of serving the development of private economy.
In the first two months, the profits of Industrial Enterprises above designated size increased by 5.0% year-on-year. Experts predict that the profit growth rate of industrial enterprises this year is slightly lower than that of last year
According to the data, from January to February 2022, industrial enterprises above Designated Size achieved a total profit of 115756 billion yuan, a year-on-year increase of 5.0%, with a growth rate of 0.8 percentage points higher than that in December last year. Zhu Hong, Senior Statistician of the industry department of the National Bureau of statistics, said that since the beginning of this year, in the face of the complex and severe economic situation outside China, all regions and departments have increased efforts to stabilize growth and support the real economy, the industrial economy has recovered steadily, and enterprise profits have increased slightly.
13 key division of labor topics capital market as a foundation for steady growth
Recently, in the opinions on implementing the division of key work of the government work report issued by the State Council, there are 13 key work involving the CSRC, which is obviously given more responsibilities than the four last year. It can be seen that the capital market has high hopes in shouldering the responsibility of “stable growth” and tamping the foundation for economic development.
In the past six months, 123 new shares have a breaking rate of more than 25% on the first day of listing. Experts: promoting the return of new share returns to rationality
Data show that in the last two weeks (March 14 to March 27), 15 new shares issued by inquiry on the science and innovation board and gem were listed, and 8 broke on the first day of listing, accounting for 53%. More than half of the new shares “lose money”, causing investors’ concern. Many experts interviewed believed that the breaking of many new shares on the first day of listing was an example, which was mainly affected by factors such as the downturn of the stock market and the recurrence of the epidemic. The large-scale breaking of new shares will not become the norm
people’s daily
Keep moving forward and maintain steady growth through macro policies
Since the beginning of this year, all regions and departments have strengthened the implementation of macro policies, actively improved the efficiency of fiscal policies, made prudent monetary policies flexible and appropriate, and made efforts to stabilize the macro-economic market. In the first two months, China’s total import and export value increased by 13.3% year-on-year, fixed asset investment increased by 12.2% year-on-year, and the total retail sales of social consumer goods increased by 6.7% year-on-year. The national economy continued to recover steadily and made new progress in high-quality development
first finance
Global inflation is threatening, and the penetration rate of new energy vehicles continues to rise
The global inflation situation is grim, and investors’ concerns about inflation are also widespread in the new energy industry chain. Now, in addition to the recent hot nickel price, people from all walks of life are worried about the rising lithium price. The global penetration rate of new energy vehicles is accelerating. According to statistical analysis, in 2021, the registered sales volume of new energy vehicles in the world was 6.514 million, an increase of 108% over 2020, and the penetration rate reached 10.2%.
How do Dan Bin’s “empty position”, foreign half position and quantitative full position institutions view the market prospect
Due to the different nature of institutional strategies, their positions are also different, but the attitude of investors is still relatively close. With the “short covering” from March 16 falling behind, the market returned to the main line of shock, and the real long-term funds have not been significantly increased. However, with the accelerated transmission of support policies, the clarification of industry regulatory policies and the promotion of epidemic prevention and control, most institutions are still optimistic about the opportunities in the Chinese market
economic reference
During the year, the first “RMB 1 delisting” and the first financial delisting companies emerged one after another, and the deterrence of delisting became stronger
After Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) became the first delisting company involving major violations during the year, the first “RMB 1 delisting” and the first financial delisting company also surfaced during the year. Experts in the industry said that since the implementation of the new regulations, the market withdrawal mechanism should be continuously improved. With the gradual approach of the comprehensive registration system and the accelerated formation of the normalized delisting mechanism, it will accelerate the metabolism of A-Shares and optimize the resource allocation efficiency of the capital market.
Financial awards and subsidies, bank credit, listing and other measures to solve financing problems, multi-channel capital precise drip irrigation “specialized and special new” enterprises
From financial awards and subsidies to the establishment of “specialized, special and new” enterprise development fund by local governments, from the development of targeted loan products to supporting the listing and financing of high-quality and innovative small and medium-sized enterprises… Recently, in view of the financing needs of the development of “specialized, special and new” enterprises, multi-channel funds have carried out “blood transfusion” more accurately and efficiently.
