April 7th (Thursday), the main contents of today’s headlines are:
China Securities Journal
Draft financial stability law published
According to the people’s Bank of China on April 6, the financial stability law (Draft for comments) drafted by the people’s Bank of China and other departments will solicit opinions from the public from now on. The draft for comments clearly establishes a financial stability guarantee fund, which is under the overall management of the financial commission of the State Council and serves as a reserve fund for the disposal of major national financial risks. Experts believe that the financial stability law will help prevent and resolve financial risks and further improve and strengthen the top-level design of China’s financial stability system.
New measures to identify the starting point and stabilize growth are expected to continue to be introduced
Recently, the national development and Reform Commission and local development and reform commissions conducted intensive research to find out the economic operation in the first quarter. From the signals released by relevant meetings, the marginal economic indicators improved in the first quarter, but the “triple pressure” of demand contraction, supply shock and weakening expectation is still not small. In the next stage, Solidly Promoting the construction of key projects and vigorously promoting the relief of enterprises are still the focus of the steady growth policy.
Public offering patiently “grinding the bottom” structural market in the second quarter can be expected
After the shock adjustment in the first quarter, for the A-share market in the second quarter, public funds generally said that they need to be patient with the “bottom grinding” market. At present, the valuation of the A-share market has been at a historical low. In the subsequent market, steady growth will still be the main line of the market, and structural opportunities are worth looking forward to.
Ambush doubled stock top flow fund managers to “catch cattle” well
According to the data, there were 21 doubled shares in the first quarter of this year (excluding new shares listed in the first quarter), which were concentrated in industries such as real estate, architectural decoration, medicine and biology, all of which were small and medium-sized stocks. Among them, Huitong group, Nanjing Hicin Pharmaceutical Co.Ltd(300584) and other stocks were “ambushed” by well-known fund managers in advance, and several funds also appeared in the list of institutional investors who doubled their stocks, such as Zhejiang Construction Investment Group Co.Ltd(002761) , Jinzhou Jixiang Molybdenum Co.Ltd(603399)
Shanghai Securities News
The top-level design and overall coordination of the financial stability legal system were strengthened, and the financial stability law (Draft for comments) was officially announced
The people’s Bank of China, together with relevant departments, drafted the financial stability law of the people’s Republic of China (Draft for comments) (hereinafter referred to as the “draft for comments”), which will be open to the public for comments from April 6. The draft clarifies the working mechanism of financial stability and the operation mode of the financial stability guarantee fund. The draft insists on strengthening the source control of financial risks and fully bringing financial activities into supervision.
State Council: timely use of monetary policy tools to more effectively support the development of the real economy
Premier Li Keqiang chaired an executive meeting of the State Council on April 6 and decided to implement a phased policy of delaying the payment of old-age insurance premiums for industries in extreme poverty, and strengthen unemployment insurance support for job stabilization and training; Deploy and timely use monetary policy tools to more effectively support the development of the real economy.
Shanghai stock exchange held discussions with nearly 100 bond institutions and worked together to solve the financing problems of private enterprises
Securities companies are encouraged to increase investment in businesses related to industrial bonds and private enterprise bonds. High quality private listed companies can be used as the starting point to focus on the issuance of corporate bonds by enterprises in strategic emerging industries, advanced manufacturing and other industries.
The average asset of A-share individual investor account is 606000 yuan
According to the survey of individual investors in 2021 completed by Shenzhen Stock Exchange, the average asset scale of investors’ securities accounts reached 606000 yuan, an increase of 9000 yuan compared with 2020, another record high
Securities Times
National Standing Committee: strengthen the implementation of prudent monetary policy
Premier Li Keqiang chaired an executive meeting of the State Council on April 6 and decided to implement a phased policy of delaying the payment of old-age insurance premiums for industries in extreme poverty, and strengthen unemployment insurance support for job stabilization and training; Deploy and timely use monetary policy tools to more effectively support the development of the real economy.
Improve the financial legal system and solicit opinions on the draft financial stability law
On April 6, the people’s Bank of China issued the financial stability law of the people’s Republic of China (Draft for comments) (hereinafter referred to as the financial stability law) to solicit opinions from the public. The law aims to improve the institutional arrangements of the whole process and chain of financial risk prevention, resolution and disposal.
Several industry leading listed companies made suggestions to strengthen policy expectation management and give better play to the guiding role of the government
Premier Li Keqiang presided over the executive meeting of the State Council on March 21 to determine the policy arrangements for the implementation of large-scale value-added tax rebate, so as to provide strong support for stabilizing the macro-economic market; We will deploy comprehensive measures to stabilize market expectations and maintain the steady and healthy development of the capital market. Recently, major ministries and commissions have also actively opened the policy toolbox and taken practical measures to boost market confidence and stabilize the capital market.
It seems that some people earn 10000 yuan a day
In recent years, funds have increasingly become an important means of national financial management. Individual investors have continuously increased their investment in public funds, and many niusan have also made a large-scale layout. As exchange traded ETF (exchange traded open-end Index Fund), lof (Listed Open-end Fund) and other listed funds disclose the information of the top ten holders in the annual report, recently, with the disclosure of the annual report of the fund, the reporter of the Securities Times found that many individual investors have invested heavily in holding listed funds, and even appeared among the top ten holders of listed funds Securities Daily
The draft of the financial stability law has been released, and it is clear to establish a financial stability guarantee fund
On April 6, the website of the people’s Bank of China announced that in order to implement the decision and deployment of the CPC Central Committee and the State Council on preventing and resolving financial risks and improving the financial rule of law, and establish a long-term mechanism for maintaining financial stability, the people’s Bank of China, together with the development and Reform Commission, the Ministry of justice, the Ministry of finance, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of foreign exchange and other departments, conducted in-depth research and repeated demonstration, The financial stability law of the people’s Republic of China (Draft for comments) (hereinafter referred to as the financial stability law) was drafted to solicit opinions from the public. The deadline for feedback is May 6, 2022.
The central bank realized a net return of 520 billion yuan in the month, and the market liquidity was reasonably abundant
After carrying out a large-scale reverse repurchase operation at the end of March to maintain abundant liquidity at the end of the quarter, since April, the reverse repurchase operation scale of the people’s Bank of China (hereinafter referred to as the “central bank”) has returned to the level of 10 billion yuan. As of April 6, the central bank had carried out 10 billion yuan of reverse repurchase every day in the first three working days of this month, totaling 30 billion yuan. In the same period, the maturity scale of reverse repurchase was 550 billion yuan, so the central bank realized a net return of 520 billion yuan.
12 provinces have intensively introduced policies to help enterprises and reduce taxes and fees into “standard configuration”
According to the reporter’s incomplete statistics, recently, Jilin Province, Hubei Province, Shanghai, Ningxia Hui Autonomous Region and other 12 provinces have intensively introduced a package of policies to help enterprises and relieve poverty, of which tax reduction and fee reduction are “standard configuration”.
Listed companies should not abandon the basics to carry out “sideline”
According to the data, as of April 6, 1230 listed companies had disclosed the annual report of 2021, of which 159 companies had invested in securities, with a total investment amount of 960429 billion yuan; 552 companies hold investment properties with a total investment value of 673853 billion yuan. In addition, as of April 6, 740 listed companies have purchased financial products this year, with a total subscription amount of 277087 billion yuan
people’s daily
In the first two months, China’s import and export of services increased by 33.5% year-on-year
On the 6th, the reporter learned from the Ministry of commerce that China’s service trade maintained a good growth trend from January to February this year. The total import and export of services was 953.48 billion yuan, a year-on-year increase of 33.5%; Among them, the export of services was 467.58 billion yuan, an increase of 39.4%; Imports reached 485.9 billion yuan, an increase of 28.3%. The growth rate of service exports was 11.1 percentage points higher than that of imports
21st Century Business Herald
Full interpretation of the three main points of the central bank’s soliciting opinions on the financial stability law
It comes out after a thousand calls. On April 6, the central bank, together with the development and Reform Commission, the Ministry of justice, the Ministry of finance, the CBRC, the CSRC, the safe and other relevant departments, drafted the financial stability law of the people’s Republic of China (Draft for comments) (hereinafter referred to as the “financial stability law”) to solicit opinions from the society.
Pilot capacity expansion of digital RMB: accelerate the popularization of consumption scenarios and multi-dimensional empowerment of small and micro merchants
On March 31, the central bank announced the orderly expansion of the pilot scope of digital RMB, adding six cities hosting the Asian Games in Tianjin, Chongqing, Guangzhou, Fujian, Fuzhou, Xiamen and Zhejiang as the pilot areas on the basis of the existing pilot areas. Beijing and Zhangjiakou, Hebei Province will become the pilot areas after the 2022 Beijing Winter Olympic Games and winter Paralympic Games
first finance
The State Council promotes new measures to stabilize growth, and these extremely poor industries delay the payment of pension insurance premiums
In view of the serious impact on some market entities, the State Council has once again launched a package of measures, including delaying the payment of social insurance premiums, to stabilize growth and ensure employment.
Why did the “warm wind” of the real estate market blow to the second tier cities
Recently, Lanzhou issued several measures for Lanzhou to implement the strategy of strengthening the provincial council and further optimize the business environment (No. 1) (hereinafter referred to as “several measures”), which optimized the demand side real estate market regulation policies from many aspects, such as reducing the down payment ratio of house purchase, relaxing the purchase and loan restriction policies, and accelerating real estate market transactions, so as to support the virtuous circle and healthy development of enterprises and stimulate market vitality
economic reference
National Standing Committee: increase efforts to bail out market players and delay the payment of pension insurance premiums in special hardship industries
Premier Li Keqiang chaired an executive meeting of the State Council on April 6 and decided to implement a phased policy of delaying the payment of old-age insurance premiums for industries in extreme poverty, and strengthen unemployment insurance support for job stabilization and training; Deploy and timely use monetary policy tools to more effectively support the development of the real economy.
The three-year action of state-owned enterprise reform welcomes the examination, the mixed reform and listing action is frequent, and the medium and long-term incentive is expanded and upgraded
2022 is the end of the three-year action of state-owned enterprise reform. According to the deployment of SASAC, supervision, evaluation and assessment will be carried out, and it is required to make a fundamental breakthrough in key and difficult tasks in the first half of the year and complete the main task of three-year action. At present, it has entered a critical stage of decisive battle and victory. Both central enterprises and local state-owned enterprises are seizing the time to focus on a number of reform tasks, such as mixed reform and listing, medium and long-term incentives, and speed up efforts to ensure the “ring to hand in the paper”.
