China Banking and Insurance Regulatory Commission, Ministry of transport: providing financial support for accelerating the construction of a transportation power

align center = “align” February 20, 2024

\u3000\u3000 1. China Banking and Insurance Regulatory Commission and Ministry of transport: provide financial support for accelerating the construction of a transportation power and support for ABS, REITs and other innovative businesses

On April 20, according to the official website of the CBRC, in order to encourage banking and insurance institutions to support highway traffic construction in accordance with the law and promote the high-quality development of highway traffic, the CBRC and the Ministry of transport jointly issued the opinions on the banking and insurance industry supporting the high-quality development of highway traffic (hereinafter referred to as the opinions). The person in charge of relevant departments of the China Banking and Insurance Regulatory Commission and the Ministry of transport said that the opinions requires banks and insurance institutions to accurately focus on major highway transportation projects supporting the implementation of major national strategies in accordance with the principles of marketization and rule of law, further increase support, improve service level and strengthen risk control, so as to provide strong financial support for accelerating the construction of a transportation power

\u3000\u3000 graceperiod for repayment, In principle, it shall not exceed the construction period plus 1 year fourth, steadily and orderly carry out business innovation, and provide green finance, asset securitization (ABS), real estate investment trusts in infrastructure (REITs) and other support for qualified projects fifthly, supports insurance companies to participate in highway transportation construction through creditor’s rights, equity, combination of equity and debt, asset support plan and private fund sixth, steadily resolve the risk of stock debt and orderly promote the succession of stock debt of toll roads. ” The person in charge said. (Securities Daily)

Details: China Banking and Insurance Regulatory Commission and the Ministry of transport: provide financial support for accelerating the construction of a transportation power and support for innovative businesses such as ABS and REITs

\u3000\u3000 2. Liu Qiao predicts that China needs more than 250 trillion yuan of investment to achieve carbon neutrality

How much investment does China need to achieve carbon neutrality Liu Qiao, Dean of Guanghua School of management of Peking University, predicted that the figure would be more than 250 trillion yuan (RMB, the same below) when attending the 2022 annual meeting of Boao Forum for Asia on the 20th he said that the global goal of carbon neutrality requires a huge scale of investment, and the challenge may be more arduous for China. In the process of carbon neutralization, Liu Qiao believes that there are two key points.

first, a carbon price discovery mechanism should be formed as soon as possible although China currently has a national carbon trading system and some regional green exchanges, the level of carbon price itself and how to bring it into the cost consideration of enterprises need the further participation of the financial system. “It is not a pure spot market for carbon emissions trading. The top priority is how to show these elements through financial products and financial markets.”

second, give full play to the positive role of fiscal policy in the process of carbon neutralization, a lot of infrastructure investment is needed, and fiscal policy should play a more active role. The state can issue carbon neutral long-term treasury bonds with a term of 30 to 40 years, and invest heavily in node fields and industries to achieve carbon neutrality. In addition, we should also more actively promote investment in carbon neutral related technologies such as green finance, green bonds and green credit.

Liu Qiao stressed that carbon neutralization is of great significance to China’s future economic and social development, will bring all-round changes and impacts to the whole economy and society, and will have a profound impact on the future economic growth paradigm and production factors. “In the long run, this is the beginning of a new civilization. It is not only a challenge, but also an opportunity for the development of human society.” (China News Network)

\u3000\u3000 3. National Energy Administration: by the end of March, the installed capacity of power generation in China had increased by 7.8% year-on-year

On April 20, the National Energy Administration released the statistical data of the national power industry from January to March as of the end of March, China’s installed power generation capacity was about 2.4 billion kilowatts, a year-on-year increase of 7.8%. Among them, the installed capacity of wind power was about 340 million KW, a year-on-year increase of 17.4% Cecep Solar Energy Co.Ltd(000591) installed power generation capacity was about 320 million KW, an increase of 22.9% year-on-year

From January to March, the cumulative average utilization of power generation equipment in China was 899 hours, a decrease of 18 hours over the same period last year. Among them, 1847 hours of nuclear power, an increase of 30 hours over the same period last year; 555 hours of wind power, 65 hours less than the same period last year.

From January to March, the investment in power supply projects of major power generation enterprises in China was 81.4 billion yuan, a year-on-year increase of 2.5%. Among them, Cecep Solar Energy Co.Ltd(000591) power generation was 18.8 billion yuan, a year-on-year increase of 181%. The investment in power grid projects was 62.1 billion yuan, a year-on-year increase of 15.1%. (National Energy Administration website)

Details: the National Energy Administration released the statistical data of the national power industry from January to March

\u3000\u3000 4. Industrial Digital Finance Research Report (2021) issued

On April 20, in order to further promote the integrated development of digital economy and real economy and promote the combination of industry and finance, the industrial digital Finance Seminar and the press conference of industrial digital Finance Research Report (2021) (hereinafter referred to as the “Research Report”) was held in Beijing in the yuan universe publishing Hall of Baixin bank in the form of network. This meeting was hosted by the Internet banking special committee of China Internet Finance Association (hereinafter referred to as the “special committee”) Undertaken by Baixin bank. Aiya, the virtual brand officer of Baixin bank, served as the host of the conference, which is the first conference in the form of meta universe in the banking industry.

Under the guidance of the Internet Banking Committee, the research report was jointly prepared by Baixin bank and Ernst & Young consulting company. The Research Report conforms to the general trend of digital economy development, based on the basic goal of promoting the integrated development of digital economy and real economy and the combination of industry and finance, and condenses multiple perspectives and authoritative views such as banking, consulting companies, technology companies and industry companies.

research report is divided into five chapters, which introduces the era background of the development of digital economy, systematically summarizes the “435 new paradigm of industrial digital finance”, covering “four new infrastructure” and “three industrial Internet”, and innovatively puts forward the “five new formats of industrial chain finance, Internet of things finance, green finance, rural digital finance and science and innovation finance”, It also looks forward to the eight trends of the future development of industrial digital finance.

(Securities Daily)

Details: Industrial Digital Finance Research Report (2021) released

\u3000\u3000 5. The accumulated income of counterfeiting in 6 years exceeds 50 billion yuan superposition of Easy Visible Supply Chain Management Co.Ltd(600093) multiple delisting risks

On the evening of April 19, Easy Visible Supply Chain Management Co.Ltd(600093) announced that the company was suspected of violating the law due to false records and major omissions in the regular reports from 2015 to 2020 and the failure to disclose the 2020 annual report on schedule, and had received the advance notice of administrative punishment issued by the CSRC.

From the survey results, over the years, Easy Visible Supply Chain Management Co.Ltd(600093) former controlling shareholder Jiutian group has continuously transported the funds of Listed Companies in the name of factoring and supply chain related businesses from 2015 to 2020, Easy Visible Supply Chain Management Co.Ltd(600093) accumulated false income exceeded 50 billion yuan. The CSRC clearly pointed out that Leng Tianqing, the actual controller of Jiutian group, made a decision and organized the implementation of financial fraud. The means are particularly bad and the circumstances are particularly serious. It is planned to decide to punish Easy Visible Supply Chain Management Co.Ltd(600093) and Jiutian group and all parties concerned. Among them, it is planned to impose top punishment for cold weather and sunny according to laws and regulations

As of the closing on April 20, the share price of Easy Visible Supply Chain Management Co.Ltd(600093) ( Easy Visible Supply Chain Management Co.Ltd(600093) . SH) has fallen below 1 yuan / share. Previously, the company has issued delisting risk warning announcements for many times. (Securities Daily)

Details: the accumulated income from counterfeiting in 6 years exceeds 50 billion yuan Easy Visible Supply Chain Management Co.Ltd(600093) multiple delisting risks superimposed p align = “center”

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