Market review:
From January 4, 2022 to the closing on January 7, 2022, the non bank financial sector fell by 1.06%, the CSI 300 index fell by 2.39%, and the non bank financial sector outperformed the CSI 300 index by 1.33pct. From the perspective of plate ranking, compared with other plates, it ranks 15th among the 28 plates of Shenwan. From the perspective of Pb valuation, the non bank financial industry decreased to 1.50 times. The sub sector Pb is respectively 1.70 for securities, 1.24 for insurance and 0.00 for diversified finance. The weekly gains and losses of sub sectors were – 3.44% for securities, 4.44% for insurance and 0.00% for diversified finance.
The top five stock price increases are Guolian Securities Co.Ltd(601456) , Harbin Hatou Investment Co.Ltd(600864) , Founder Securities Co.Ltd(601901) , Changjiang Securities Company Limited(000783) , The Pacific Securities Co.Ltd(601099) .
China stock market news, Chinalin Securities Co.Ltd(002945) , Gf Securities Co.Ltd(000776) , Orient Securities Company Limited(600958) , China Greatwall Securities Co.Ltd(002939) ranked the top five after the share price decline.
Talk every Monday:
CSRC issues guidance on board transfer of listed companies of Beijing stock exchange
On January 7, the CSRC issued the guiding opinions on the board transfer of Listed Companies in Beijing stock exchange. On the basis of maintaining the system framework, style and main contents of the original guidance, this revision mainly includes four aspects:
I. basis for adjustment and formulation. Delete the decision of the State Council on issues related to the national share transfer system for small and medium-sized enterprises (GF [2013] No. 49).
II. Name revision. The “national stock transfer company” and “selected layer company” are revised as “Beijing stock exchange” and “listed company of Beijing stock exchange” respectively, and the “transfer board listing” is revised as “transfer board listing”.
III. clarify the calculation of listing time. When applying for board transfer, a listed company on the Beijing stock exchange shall have been listed on the Beijing stock exchange for more than one year, and its listing time on the original selection layer and the listing time on the Beijing stock exchange can be calculated together.
IV. share restriction arrangement. Clarify the restricted period of shares after the board transfer of listed companies on the Beijing stock exchange. In principle, the restricted time at the original selection layer and the Beijing stock exchange can be deducted. Kechuang board has the highest valuation. On January 4, 2022, the price earnings ratios of the science and innovation board, the gem and the Beijing stock exchange were 55, 43 and 29 respectively.
As of January 7, 2022, there were 69 enterprises reviewed by Beijing Jiaotong exchange, including Hongxi technology and Weimao electronics, 16 enterprises such as xinhuike, 28 enterprises such as Yineng power, and 16 enterprises such as Xindao technology.
There are 31 recommendation agencies in 69 enterprises under review. Among them, open source securities accepted 8 enterprises, Shenwan Hongyuan Group Co.Ltd(000166) accepted 7 enterprises, and most securities companies accepted 1 company.
The audited enterprises of Beijing Jiaotong stock exchange have high profitability and outstanding growth. The average revenue of 69 enterprises in 2020 is 347 million yuan, and the revenue scale of three enterprises is more than 1 billion yuan; In 2020, the average net profit was 41.1164 million yuan, and the net profit scale of 13 companies was more than 50 million yuan.
The enterprises reviewed by Beijing Jiaotong office are mainly from high-tech emerging industries. 69 companies under review are mainly concentrated in manufacturing (accounting for 66.67%) and information transmission, software and information technology services (accounting for 18.84%).
Investment strategy and key recommendations: we believe that the brokerage sector will still show a shock upward trend in the future. In his latest speech, chairman Yi Huiman mentioned that the conditions for the full implementation of the registration system have been gradually met. The full registration system will bring double improvements in business volume and efficiency, help the development of investment banking business of securities companies, add comprehensive standard reduction and improve the overall valuation level of securities companies. We recommend investors to pay attention to the wealth management transformation targets such as China stock market news and Orient Securities Company Limited(600958) and the head coupon trademarks such as Citic Securities Company Limited(600030) and Gf Securities Co.Ltd(000776) .
Risk warning: the risk of strengthening capital market supervision; The risk of intensified market competition; Epidemic control was less than expected
