April 11th (Monday), the main contents of today’s headlines are:
China Securities Journal
The opinions of the CPC Central Committee and the State Council on accelerating the construction of a national unified market was issued to accelerate the development of a unified capital market and build a national unified energy market
The opinions of the CPC Central Committee and the State Council on accelerating the construction of a national unified market was issued on April 10. It is clear that we should accelerate the construction of an efficient, standardized, fair competition and fully open national unified market, and comprehensively promote the transformation of China’s market from large to strong. We will accelerate the development of a unified capital market and build a unified national energy market.
Policy optimization, strengthening the foundation and working together to promote listed companies to usher in a new stage of “strengthening muscle and fitness”
The chairman of the CSRC pointed out that the listed companies should strive to improve the quality of the first five stages of development. Experts said that since the release of the State Council’s “opinions on further improving the quality of listed companies”, listed companies have developed well, and their overall appearance has undergone positive changes. Improving the quality of listed companies is moving towards a new stage of policy optimization, strengthening the foundation and jointly promoting.
CSRC: study and formulate a new round of action plan to improve the quality of listed companies
On April 9, Yi Huiman, chairman of the CSRC, said at the third member congress of the China Association of listed companies that the CSRC will pay close attention to studying and launching a new round of independent opening-up and pragmatic measures to comprehensively improve the competitiveness of the capital market system. We will study and formulate a new round of action plan to improve the quality of listed companies to further solve the internal obstacles and external constraints faced by Listed Companies in their high-quality development.
The market scale of convertible bonds on old bonds and new bonds has expanded steadily
Two convertible bonds were redeemed in advance this week. If investors do not convert shares in time, they may suffer great losses. At the same time, this week, three convertible bonds were listed and one convertible bond was issued, and the scale of the convertible bond market continued to expand steadily. Insiders said that the convertible bond market has rebounded recently, but it is not appropriate to expect too much of the rising space
Shanghai Securities News
Yi Huiman: the capital market will adhere to the “four invariants” and the “five abilities” must be improved for the high-quality development of listed companies
On April 9, the third member congress of China Association of listed companies was held in Beijing. Yi Huiman, chairman of China Securities Regulatory Commission, delivered a keynote speech at the meeting, detailing the development trend of listed companies, current opportunities and challenges, the “four invariants” that will be adhered to in the reform and development of capital market, and the “five abilities” that need to be improved for the high-quality development of listed companies.
Accelerate the construction of a national unified market, and the top-level design is released
The “opinions of the CPC Central Committee and the State Council on accelerating the construction of a national unified market” was released yesterday. The opinions put forward that we should speed up the establishment of a unified national market system and rules, break local protection and market segmentation, open up the key blocking points restricting the economic cycle, promote the smooth flow of commodity factor resources on a larger scale, accelerate the construction of an efficient, standardized, fair competition and fully open national unified market, comprehensively promote the transformation of China’s market from large to strong, and contribute to the construction of a high standard market system Provide strong support for building a high-level socialist market economic system.
In 2021, the scale of domestic ETFs reached 1.4 trillion yuan, and the number and scale of products reached a new high in recent ten years
On April 10, the Shenzhen Stock Exchange issued the annual report on ETF industry development (2021), which pointed out that with the continuous improvement and development of the domestic ETF market, the scale of domestic ETF products reached 1.4 trillion yuan in 2021, an increase of 30.55% over the previous year, and the number and scale of products reached a new high in recent ten years.
The marketing of head pig enterprises accelerated in the first quarter, and experts expect the oversupply situation to be alleviated in the third quarter
From the pig sales data disclosed by listed pig enterprises, the number of pigs sold by many enterprises increased significantly in March. However, in the face of the continuous decline of the average selling price of pigs, many listed pig enterprises have also fallen into the situation of “selling more and losing more”. Insiders said that the current breeding cost is still high, and the industry as a whole is in the stage of moderate loss
Securities Times
The CPC Central Committee and the State Council issued the opinions on accelerating the construction of a national unified market, accelerating the development of a unified capital market and strengthening anti-monopoly
On the evening of April 10, the CPC Central Committee and the State Council issued the “opinions on accelerating the construction of the national unified market”, which provided a program of action for the construction of the national unified market in the coming period from the overall and strategic perspective. The opinions put forward that the development of a unified capital market will be accelerated.
Strive to improve the “five abilities” and explore the path of high-quality development
Yi Huiman, chairman of China Securities Regulatory Commission, said at the third member congress of China Association of listed companies recently that the capital market will provide power for listed companies with its own “four invariants”. The direction of deepening reform of the capital market will not change, the pace of high-level opening-up of the capital market will not change, and the firm attitude of the capital market to implement the “two unwavering” policy will not change, The trend of the capital market’s concerted efforts to maintain healthy and stable development will not change. We should follow the characteristics and development laws of public companies, strive to improve the “five abilities” and explore high-quality development paths.
The scientific and technological innovation policy has made more efforts to start the three-year action ending war of state-owned enterprise reform
2022 is the end of the three-year action of state-owned enterprise reform. Recently, many places have carried out a summary of the three-year action results of state-owned enterprise reform, arranged key reform work, and put the work of supervision, evaluation and assessment on the agenda.
Strike hard to “avoid delisting” and clear up the source of a shares
With the continuous spread of the reform of the registration system, there are more and more listed companies. There is no doubt that by improving the delisting standards and strict delisting supervision, we can create an ecological environment in which A-Shares can enter and exit and a virtuous cycle, so as to clean up the source of a shares, which will have many positive effects on the reform of the registration system and even the long-term development of A shares, and ultimately help to realize the win-win situation of listed companies, investors and other parties
Securities Daily
Yi Huiman, chairman of the CSRC: the capital market will provide inexhaustible driving force for listed companies to move forward bravely with “four invariants”
On April 9, Yi Huiman, chairman of the CSRC, said at the third member congress of the China Association of listed companies that at present, the external environment for the development of listed companies is undergoing complex and profound changes, but there are many favorable factors to promote the high-quality development of listed companies. The capital market will provide inexhaustible power for listed companies to overcome difficulties and move forward bravely with its own “four invariants”. Listed companies should strive to improve the “five abilities” and move towards a new stage of high-quality development.
Regulatory voice again emphasizes the whole process of intermediary services and encourages securities companies to guard the “three doors”
Yi Huiman, chairman of the CSRC, said that intermediaries should play the role of “gatekeeper” in the whole process of listing, supervision and delisting, grasp the internal relationship between the registration system and improving the quality of listed companies, change from paying attention to “approval” to “investability”, select and recommend high-quality enterprises, and continue to urge and improve the standardized operation level of the company.
In the field of railway and water conservancy, the growth rate of infrastructure investment in the first quarter is expected to reach 8%
It is reported that in the first quarter of this year, the national railway fixed asset investment reached 106.5 billion yuan, a year-on-year increase of 3.1%. 447 kilometers of new railway lines were opened, including 233 kilometers of high-speed railway. Water conservancy construction is another important area of infrastructure investment. Zhang Xiangwei, director of the planning and Planning Department of the Ministry of water resources, recently revealed that 107.7 billion yuan of water conservancy investment had been completed in the first quarter of this year, an increase of 35% compared with the same period last year.
Foreign trade enterprises focus on their main business and make rational use of derivatives to hedge exchange rate risk
Exchange rate fluctuations have a multi-dimensional impact on the production and operation of foreign trade enterprises, which is related to the company’s bargaining power, cost-effectiveness and other aspects. Therefore, foreign trade enterprises are particularly sensitive to exchange rate fluctuations, which is the focus of their daily operation
people’s daily
Fiscal and taxation policies strongly promote high-quality development
Since the 18th CPC National Congress, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping as the core, the finance and taxation departments have been based on the new development stage, implemented the new development concept, built a new development pattern, accurately and effectively implemented positive fiscal policies, focused on key points, made up for weaknesses and strengths, promoted high-quality economic and social development and further improved people’s lives
first finance
The Fed “slammed the brakes” on the rebound and US stock volatility made a comeback
Although there are still three weeks before the Federal Reserve’s interest rate meeting in May, the expectation of monetary policy has once again aroused concern. The hawkish stance of many Fed officials and the release of the minutes of the March meeting made the outside world further evaluate the potential impact of radical interest rate hikes and table contraction. The rise of medium and long-term US bond yields had a continuous impact on growth stocks.
Foreign capital outflow of more than 50 billion, but increased holdings of two major themes, supply chain disturbance has become the latest concern
According to statistics, the net outflow of funds from the north in March exceeded 45.1 billion yuan, and the net outflow continued to exceed 6.557 billion yuan in the past week. Recently, the cumulative net outflow exceeded 50 billion yuan. The uncertainty led to a wait-and-see attitude of foreign capital. However, the new energy industry chain and the theme of upstream resource products were still increased against the trend. Several investment managers of foreign-funded asset management institutions said that international investors are currently focusing on the disturbance of the supply chain, and the car enterprises that are already under the pressure of upstream price rise bear the brunt
economic reference
High level officials intensively study and judge the situation, study more new measures to stabilize the economy, and strengthen the steady growth policy in a timely manner
Recently, from the executive meeting of the State Council to the Symposium of experts and entrepreneurs on the economic situation, several important meetings have stressed that the stable operation of the economy is facing great challenges, and released a clear signal that macro policies need to be strengthened in advance and in time. Many economists said that in the face of the complexity and uncertainty of China’s external environment, the importance of stabilizing the economy has become more prominent, and macro policies need to be further strengthened. It is expected that more stable growth policies will be introduced in the future.
Accelerate the construction of a national unified market and define six key tasks
The opinions of the CPC Central Committee and the State Council on accelerating the construction of a national unified market was released on the 10th. It defines the key tasks from six aspects: strengthening the unification of basic market systems and rules, promoting the high-standard connectivity of market facilities, creating a unified factor and resource market, promoting the high-level unification of commodity and service market, promoting the fair unification of market supervision, and further standardizing improper market competition and market intervention.
