March 30th (Wednesday), the main contents of today’s headlines are:
China Securities Journal
Strengthen the integrity construction of the capital market and strictly implement the compulsory delisting system
According to Xinhua News Agency on March 29, recently, the general office of the CPC Central Committee and the general office of the State Council issued the opinions on promoting the construction of social credit system and high-quality development and promoting the formation of a new development pattern. The opinion proposes to promote financial services to the real economy with a solid credit foundation, innovate credit financing services and products, strengthen the construction of integrity in the capital market and strengthen market credit constraints. Establish a credit commitment system for administrative licensing in the capital market to improve handling efficiency. Strictly implement the compulsory delisting system and establish a virtuous circle mechanism for the survival of the fittest of listed companies.
The interest rate spread between China and the United States is far away from the “comfort zone” and the monetary policy adheres to the principle of “I”
After more than three years, the interest rate spread of China US 10-year Treasury bonds returned to around 30 basis points again. A number of research institutions suggest that under the background of the dislocation of China US economic and policy cycles, the subsequent China US interest rate spread may be further narrowed, and the possibility of upside down cannot be ruled out. However, the real interest rate spread after considering inflation is not low, the RMB exchange rate continues to show resilience, and the narrowing of the interest rate spread between China and the United States does not constitute an obvious constraint on monetary regulation for the time being.
Big in and big out still reveal the mystery with the annual turnover rate of static brake fund
How should fund managers respond to market shocks and hot spot rotation? As can be seen from the recently disclosed fund annual report, some fund managers have made large-scale adjustments to their positions, and some fund managers have chosen to use static braking to stick to their heavy positions. There is a large gap in the turnover rate of products managed by different fund managers, and the turnover rate of products managed by veterans such as Liu Yanchun and Fu Pengbo is relatively low.
130 companies forecast nearly 90% of the “report card” in the first quarter
Statistics show that as of March 29, a total of 130 A-share listed companies disclosed the first quarter performance forecast, and 114 were pre happy, with a pre happy proportion of 87.69%. In terms of industry, the performance growth of chemical, nonferrous metals, electrical, pharmaceutical and other industries ranks first. Among them, the performance of listed companies related to photovoltaic industry chain and new energy vehicle industry chain is excellent
Shanghai Securities News
The CSRC clarified that no IPO restrictive policies have been issued for enterprises related to Xiaomi industrial chain, and no special investigation has been carried out
Recently, there was a rumor in the market that “the current projects involving Xiaomi industrial chain under review on the science and innovation board and gem have been investigated, and the IPO policy involving Xiaomi industrial chain is limited”. The official website of the CSRC announced yesterday that it responded in the form of Q & A that the CSRC was concerned about some articles from the media about significant changes in the IPO policy of Xiaomi’s industrial chain, and the CSRC did not issue IPO restrictive policies for Xiaomi’s industrial chain related enterprises, nor did it carry out special investigation.
In 2022, the guidance on energy work was released, and the installed capacity of power reached about 2.6 billion kw
The guiding opinions on energy work in 2022 (hereinafter referred to as the Guiding Opinions) recently issued by the national energy administration proposes to coordinate energy resources outside China, adapt to changes in the energy market, fully consider possible risks and extreme weather, appropriately advance the layout of energy infrastructure, increase reserves, maintain reasonable margin, and resolve various risks and challenges affecting energy security.
Smooth the direct financing channels for scientific and technological innovation, and the Shanghai stock exchange makes efforts to target four types of subjects for scientific and technological innovation bonds
Since March this year, Guangdong Hengjian investment, Shanghai Lianhe investment and Shandong SDIC have successively issued corporate bonds for scientific and creative purposes under the framework of mass entrepreneurship and innovation bonds on the Shanghai Stock Exchange to support the further expansion of bonds in the field of scientific and technological innovation. In the view of the industry, the subsequent exchange bond market will play an increasingly prominent role in supporting scientific and technological innovation.
With a total investment of more than 600 billion yuan, major projects in Guangzhou have been started, completed and signed
With a total investment of more than 600 billion yuan, 242 projects were started, 148 projects were completed and 148 projects were signed… On March 29, Guangzhou held a signing activity for the centralized commencement and completion of major projects in 2022, covering new infrastructure, comprehensive transportation hub, strategic emerging industries, modern service industry, social and people’s livelihood and other fields
Securities Times
Suggestions and comprehensive measures of foreign institutions to promote the stable development of capital market
The meetings of the financial committee of the State Council and the executive meeting of the State Council were held successively this month to respond to hot market issues in a timely manner, put forward the deployment of comprehensive measures to stabilize market expectations and maintain the stable and healthy development of the capital market. At the same time, the meeting pointed out that we should attach great importance to the impact of changes in the international situation on China’s capital market.
The full registration system has entered the countdown market, and all parties are actively preparing for the war
The reform of the comprehensive registration system in the capital market has entered the countdown. The Securities Times reporter learned that the reform plan of the comprehensive registration system has reached the final stage, and all market participants such as regulators and intermediaries are actively preparing for the further promotion of the registration system.
71 in 9 days! There are a lot of IPO projects suspended in the financial reporting window of epidemic superposition
As of 22:00 on March 29, another 16 IPO projects actively applied for suspension of listing audit. So far, in the last nine days, 71 IPO companies have suspended the review on the science and innovation board and the gem. According to statistics, since 2022, only 89 IPO projects on the science and innovation board and the gem have been suspended.
The new year of corn seed industry is coming, and there are risks in competing for seed production bases
A total of 1.78 million mu of corn has been allocated to the local production base through negotiation, which is difficult to be distributed to the local production base this year. Some large companies, especially listed companies, have benefited from this, and many small companies have not been assigned to the base
Securities Daily
Consolidate the integrity foundation of the capital market and build an honest and trustworthy market ecology
Recently, the opinions on promoting the construction of social credit system and high-quality development and promoting the formation of a new development pattern (hereinafter referred to as the opinions) issued by the general office of the CPC Central Committee and the general office of the State Council proposed to “strengthen the construction of integrity in the capital market” and “strengthen the restraint of market credit”.
Guidance on energy work in 2022: wind power photovoltaic welcomes development opportunities
On March 29, the National Energy Administration issued the guiding opinions on energy work in 2022 (hereinafter referred to as the opinions), proposing to vigorously develop wind power photovoltaic and orderly promote the construction of major hydropower and nuclear power projects.
National Development and Reform Commission: the evaluation of coal price index behavior of 15 market entities has been completed
On March 29, the national development and Reform Commission announced that since October last year, the national development and Reform Commission has carried out evaluation and compliance review on the coal price index behavior of 15 market entities in accordance with the provisions of the measures for the administration of price index behavior of important goods and services (Trial) and the operation guide for evaluation and compliance review of price index behavior (Trial) (hereinafter referred to as the measures and operation guide), and has completed the review work.
Repurchase of listed companies continued to heat up, and “real gold and silver” boosted confidence
“After comprehensively considering the company’s operation, financial status and development strategy, the company decided to carry out share repurchase, and the shares repurchased this time will be used to implement the employee stock ownership plan.” On March 29, a listed company said on the interactive platform of the exchange
people’s daily
Slimming down over packaged goods
“Dolls” gift boxes, large boxes with small cakes… In recent years, the packaging of some commodities has been extravagant and wasteful, and “the guest seizes the host”, which gives people a headache. Recently, the Ministry of industry and information technology has organized and completed the preparation of the No. 1 amendment to the mandatory national standard of food and cosmetics with restrictions on excessive packaging of goods (Exposure Draft). The standard will be implemented from August 1 this year to further standardize the packaging requirements of food and cosmetics, guide green production and advocate green life
21st Century Business Herald
From 40000 to 520000 lithium carbonate price increases behind the scenes
The price formation mechanism of bulk commodities is complex. The core and long-term price “anchoring” role is the relationship between supply and demand, and the secondary factors include cost support and market expectation. The 21st Century Business Herald reporter reviewed the rising trend of lithium carbonate since the second half of 2020 and found that taking 2021 as an example, the annual output of new energy vehicles was 3.677 million, an increase of 152.5% over the previous year. In the same period, China’s output of lithium carbonate was 230400 tons, a year-on-year increase of 32.97%.
The tide of self purchase is coming: financial management companies and public and private funds are going together
Due to the frequent occurrence of black swan events and the correction of global stock markets, it is difficult for A-Shares to survive. As of the closing on March 29, the decline in Shanghai and Shenzhen in 300 years has reached 16.32%. The net value of many products invested in the equity market also retreated to a certain extent. On March 23, after Everbright wealth management launched the “first shot” of self purchase by its financial subsidiary, Nanyin wealth management and China Post wealth management have successively announced self purchase, with a total amount of 1.35 billion yuan
first finance
Quantitative institutions respond to questions about helping rise and fall, strengthen supervision and increase the volume
“Quantitative trading is easy to lead to market convergence trading and further aggravate volatility”, “in the face of quantitative trading, the interests of small and medium-sized investors are difficult to protect”… With the continuous decline of A-Shares since 2022, there are endless voices criticizing quantitative trading.
Byd Company Limited(002594) suffered from the rise in the price of raw materials. Last year, the revenue soared and the net profit fell by nearly 30%
Due to the rise in the price of raw materials, the “wallet” of Byd Company Limited(002594) ( Byd Company Limited(002594) . SZ) was flattened last year. On the evening of March 29, Byd Company Limited(002594) released the annual performance report for 2021. According to the report, Byd Company Limited(002594) 2021 achieved an operating revenue of 216142 billion yuan, a year-on-year increase of 38.02%; The net profit attributable to shareholders of listed companies was 3.045 billion yuan, a year-on-year decrease of 28.08%
economic reference
The annual performance “report card” of several fund companies has been released. The head company has grown steadily, and small and medium-sized funds are now differentiated
With the intensive disclosure of the annual reports of listed companies, the performance of a number of brokerage and banking fund companies, including Boshi fund, China Merchants Fund, BOCOM Schroeder fund and Societe Generale fund, has gradually surfaced. Although the market experienced short-term shocks in the first half of 2021, the overall performance of the fund company was brilliant, realizing a bumper harvest of scale and profitability. According to the statistics of the reporter of the economic information daily, as of the time of publication on March 29, among the 16 fund companies that have disclosed their performance, a total of 12 have achieved positive growth in net profit in 2021, of which seven have increased their net profit by more than 30%, and two have turned losses into profits.
Promote the construction of social credit system and release the top-level document of high-quality development
The reporter learned on March 29 that the general office of the CPC Central Committee and the general office of the State Council recently issued the opinions on promoting the construction of social credit system, high-quality development and promoting the formation of a new development pattern (hereinafter referred to as the opinions), focusing on unblocking China’s big cycle with a sound credit mechanism, supporting China’s international double cycle with a good credit environment, promoting mutual promotion with a solid credit foundation, promoting financial services to the real economy It puts forward 23 specific contents in terms of improving the integrity level of the whole society with effective credit supervision and credit services.
