Two stocks in the diversified financial sector rose against the trend today. The Minsheng Holdings Co.Ltd(000416) with a market value of 3 billion staged the scene of Earth Sky board and won four connected board , with its main business as pawn and insurance brokerage; Anhui Xinli Finance Co.Ltd(600318) with a market value of nearly 4 billion recorded three days and two boards , with multi license financial subsidiaries of local AMC, small loan, leasing, guarantee and pawn.
Minsheng Holdings Co.Ltd(000416) opened the trading limit in one word. After 20 minutes, it opened the limit and pulled up in a straight line. It touched the limit for many times and fried the board for many times. Finally, it sealed the limit until the closing, performing an amazing scene of the Earth Sky board.
What funds are behind “making waves” Minsheng Holdings Co.Ltd(000416) the data of one-day list released after hours showed that the funds of longhubang net bought 847901 million yuan well known hot money Dongguan Securities Beijing Branch do t buy 270705 million yuan and sell 161913 million yuan, ranking fourth to buy four seats and fifth to sell five seats.
The company previously disclosed in its annual report that it achieved a revenue of 563481 million yuan in 2021, a year-on-year decrease of 25.77%; The net profit attributable to the shareholders of the listed company was 136087 million yuan, a year-on-year decrease of 61.14%
Minsheng Holdings Co.Ltd(000416) said in the announcement that due to the repeated covid-19 epidemic and the increasing downward pressure on the macro economy, market financial default risk gradually increased , especially the implementation of the new delisting regulations for listed companies, which brought greater delisting risk and great pressure to some listed companies with small revenue and small profitability of main business.
The income of the company’s pawn business and insurance brokerage business decreased. At the same time, the asset impairment and fair value of individual investment projects decreased, resulting in the decline of net profit. Among them, pawn business achieved a revenue of 49.7 million yuan, 23.21% lower than that of in 2020 23456 and the revenue accounted for 88.21% of the revenue insurance brokerage business achieved a revenue of 6.6455 million yuan, a year-on-year decrease of 40.31% .
On the news, the general office of the State Council issued opinions on promoting the development of individual pensions on April 21. Workers who participate in the basic old-age insurance for urban workers or urban and rural residents within the territory of China may participate in the individual pension system. The upper limit of individual pension paid by participants is 12000 yuan per year, and the Ministry of human resources and social security and the Ministry of finance can adjust the upper limit of payment in due time.
Today, many departments have responded to the specific question of how to develop individual pension in the future. The CBRC said that it was studying and formulating relevant policies to ensure the launch of more bancassurance products with safe operation and focus on long-term hedging
Yang Zhen, general manager of asset allocation Department of GF, said that in extreme cases, assuming that everyone is qualified to participate in the personal pension system, can bring 781.44 billion yuan of incremental funds to the market every year if 30% of those who participate in individual income tax payment participate in the personal pension system, it will also bring about 234.4 billion yuan of incremental funds to the market every year.
Wang Hanfeng, chief strategist of CICC, pointed out that from a long-term perspective, the capital scale of individual pension accounts is expected to exceed trillion yuan. In terms of investment methods, the optional types include financial products such as bank financial management, commercial endowment insurance and public funds. On the one hand, the construction of system is conducive to the development of new businesses of relevant banks, insurance, public funds and other financial institutions, on the other hand, it is also expected to bring new types of long-term investors to the capital market.
