On Thursday, May 5, the essence of the headlines of today’s newspapers and periodicals is as follows:
china Securities Journal
Shenzhen Stock Exchange issued eight measures to support the development of real economy
On May 4, the Shenzhen Stock Exchange issued the notice on several measures to support the real economy, specifying eight measures to support the healthy development of small and medium-sized enterprises, support the reasonable financing needs of real estate enterprises, and support market entities to increase their holdings and buy back.
Build a solid “economic bottom” to stabilize growth, and the policy path is clear
According to the latest data released by the National Bureau of statistics, the Manufacturing Purchasing Manager Index (PMI) was 47.7% in April, down 2.1 percentage points from the previous month, the lowest since March 2020. Insiders said that the PMI data in April may have touched the low point of this round, and there is a high probability of recovery in May. From the high-frequency data, the biggest impact of the epidemic on the economy is in the past. The bottom of economic growth under the impact of this round of epidemic may appear in April. Since May, China’s economy has entered an upward repair period.
CSRC: support the bond financing of real estate enterprises and launch the market making transaction of science and Innovation Board
According to the news from the CSRC on May 4, recently, the CSRC held a special meeting to seriously convey and study the spirit of the meeting of the Political Bureau of the CPC Central Committee and the important speech of Xi Jinping general secretary at the 38th collective study of the Political Bureau of the CPC Central Committee, and study the relevant working measures to deepen the reform of the capital market, maintain the stable operation of the capital market and contribute to the stability of the macro-economic market.
CICC strives to ensure that the financial futures market acts as a “stabilizer”
At this moment, just as at that moment; This moment is better than that moment. In March this year, China Financial Futures Exchange ushered in another severe test since the outbreak of covid-19 pneumonia in 2020
Shanghai Securities News
CSRC: scientifically and reasonably grasp the normalization of IPO and refinancing, and steadily promote the reform of stock issuance registration system
According to the news on the website of the CSRC on May 4, recently, the CSRC held a special meeting to convey and study the spirit of the meeting of the Political Bureau of the CPC Central Committee and the important speech of Xi Jinping general secretary at the 38th collective study of the Political Bureau of the CPC Central Committee, and study the relevant working measures to deepen the reform of the capital market, maintain the stable operation of the capital market and contribute to the stability of the macro-economic market.
People’s Bank of China: seize the planning of incremental policy tools
The people’s Bank of China held a special meeting on the official website of the people’s Bank of China on April to further study and implement the spirit of promoting the healthy operation of the economy and finance, and support the people’s Bank of China to further study and implement the special measures of promoting the healthy operation of the economy and finance. The meeting proposed that we should pay close attention to planning incremental policy tools, support stable growth, employment and prices, and create a good monetary and financial environment for coordinating epidemic prevention and control and economic and social development.
Cbcirc: enriching the investment channels for venture capital to participate in the capital market
According to the official website of the CBRC on May 4, the CBRC recently held a special meeting to convey and study the spirit of the meeting of the Political Bureau of the CPC Central Committee and study and deploy specific implementation measures. The meeting pointed out that we should establish and improve the long-term assessment mechanism of insurance funds, enrich the channels for insurance funds to participate in capital market investment, encourage insurance asset management companies to increase the issuance of portfolio insurance asset management products, and guide insurance institutions to allocate more funds to equity assets.
Market repression factors are now turning institutions: there is no need to worry about “five poverty and six unique”
Looking forward to the market in May, institutions generally believe that the impact of overseas market fluctuations on A-Shares during the holiday is limited, and after the early adjustment, the current overall valuation of A-Shares has entered the “value range”, so there is no need to be overly pessimistic about the future market. On the one hand, the measures of “steady growth and stable expectation” in the internal environment were implemented, and positive signals of epidemic prevention and control appeared; On the other hand, with the landing of the Federal Reserve’s interest rate hike boots among external factors, A-Shares are expected to start the medium-term repair market
Securities Times
Make good use of various monetary policy tools to meet the financing needs of the real economy
The people’s Bank of China announced yesterday that it would hold a special meeting on April 29 to convey and study the spirit of the meeting of the Political Bureau of the CPC Central Committee and the important speech of Xi Jinping general secretary at the 38th collective study of the Political Bureau of the CPC Central Committee, and study and further implement working measures such as maintaining financial support for economic operation within a reasonable range and promoting the standardized and healthy development of platform economy.
CSRC: introduce long-term investors and spare no effort to maintain the smooth operation of the capital market
Recently, the CSRC held a special meeting to seriously convey and study the spirit of the meeting of the Political Bureau of the CPC Central Committee and the important speech made by Xi Jinping general secretary at the 38th collective study of the Political Bureau of the CPC Central Committee, and study the relevant working measures to deepen the reform of the capital market, maintain the stable operation of the capital market and contribute to the stability of the macro-economy. The meeting pointed out that we should solidly promote the comprehensive deepening reform of the capital market, accelerate the pace of investment side reform, actively introduce long-term investors, and make every effort to maintain the smooth operation of the capital market.
Listed companies achieved a net profit of 5.3 trillion in 2021, an increase of nearly 20%
Listed companies recently announced the “report card”. In 2021, the total operating revenue of listed companies was 64.97 trillion yuan, accounting for 56.81% of the total GDP of the whole year; The total operating revenue increased by 19.81% year-on-year, much higher than the GDP growth of that year. The net profit of the whole year was 5.30 trillion yuan, a year-on-year increase of 19.56%; The net profit after non deduction was 4.43 trillion yuan, a year-on-year increase of 24.39%, and the profitability of listed companies was further improved. Cash dividends remained high. By the end of 2021, a total of 1.55 trillion yuan of cash dividends had been completed, a new high in recent years.
The central bank increased 100 billion special refinancing to support coal development and reserves
On May 4, the people’s Bank of China announced that with the approval of the State Council, the people’s Bank of China has increased the special refinancing line of 100 billion yuan to support the clean and efficient utilization of coal, which is specially used to support the development and use of coal and enhance the capacity of coal reserves. The new quota support areas include coal safety production and reserves, as well as coal power supply guarantee of coal power enterprises
Securities Daily
Shenzhen Stock Exchange issued eight measures to support the real economy and maintain the healthy and stable development of the capital market
On May 4, the Shenzhen Stock Exchange issued the notice on several measures to support the real economy (hereinafter referred to as the “notice”), proposing eight important measures to support the development of the real economy and maintain the healthy and stable development of the capital market.
Since May, the RMB exchange rate has fluctuated significantly in both directions. Experts believe that the basis for further depreciation of the RMB is weakened
Since late April, the RMB exchange rate against the US dollar has continued to depreciate, showing a volatile pattern since May. Data show that on May 2, the offshore RMB closed at 6.677 yuan against the US dollar, 356 basis points lower than the closing price on the last trading day in April (April 29).
On May 3, the two-way fluctuation of the offshore RMB exchange rate against the US dollar was more obvious. The lowest intraday fell to 6.6976 yuan, only one step away from the 6.7 mark, and then rebounded. The final closing price was 6.6468 yuan, up 302 basis points from the previous trading day.
The performance of listed companies increased steadily and consolidated the “basic market” of the economy
Recently, the China Association of listed companies made statistics on the performance of all A-Shares of the three major exchanges in Beijing, Shanghai and Shenzhen in 2021 for the first time. The performance of the annual report increased steadily and the quality improved steadily. A group of data unlocked the development password of China’s “basic sector” of the real economy.
Report card of A-Shares in 2021: the revenue of 4669 listed companies supports “half the sky” of GDP
Recently, according to the latest statistics of China Association of listed companies (hereinafter referred to as “China Shanghai Association”), as of 17:00 on April 30, a total of 4669 listed companies in the A-share market disclosed their annual reports for 2021, realizing a total operating revenue of 64.97 trillion yuan, accounting for 56.81% of the total GDP of the whole year. In 2021, there were 524 new listed companies in the whole market. At the end of the year, the number of companies increased to 4682, with a total market value of 96.53 trillion yuan, ranking the second in the world
people’s daily
The future industrial development presents a new trend
In recent years, a new round of scientific and technological revolution and industrial reform have developed in depth, and information technology, biotechnology and manufacturing technology have flourished. The future industrial development is showing the following new trends: first, the development direction will be more green and diversified. Secondly, the innovation model will be more digital and open-source. Third, governments pay more attention to the role of industrial policies and innovation policies
first finance
Heavy! “One bank, two sessions” made a concerted voice, involving registration system reform, real estate financing, etc
On May 4, according to the websites of the CSRC, the people’s Bank of China and the China Banking and Insurance Regulatory Commission, recently, the CSRC, the people’s Bank of China and the China Banking and Insurance Regulatory Commission held special meetings respectively to deeply convey and study the spirit of the meeting of the Political Bureau of the CPC Central Committee and the important speech of Xi Jinping general secretary at the 38th collective study of the Political Bureau of the CPC Central Committee, and study and deploy specific implementation measures.
Record high! 42 A-share companies involved in compulsory delisting, 95% due to financial failure
After the disclosure of the annual report in 2021, at present, 42 companies in Shanghai and Shenzhen have touched compulsory delisting, setting a record high for a shares. 2022 is expected to be the year of delisting. Among them, 18 companies in Shanghai stock market touch delisting, accounting for 45% of the number of ST Companies in Shanghai stock market; 24 companies in Shenzhen have been delisted, accounting for 35% of the number of ST Companies in Shenzhen. A total of 40 companies in Shanghai and Shenzhen touched on financial delisting, accounting for 95%
economic reference
Observation on the implementation of new combined tax and fee support policies to accelerate the “living water” of trillion funds to enterprises
Focusing on stabilizing the economy under the new situation, the meeting of the Political Bureau of the CPC Central Committee held a few days ago called for strengthening macro policy adjustment and put forward “accelerating the implementation of the determined policies and implementing the policies of tax rebate, tax reduction and fee reduction”. The industry believes that this is the redeployment of the tax rebate and tax reduction policy in the context of China’s response to the new downward pressure and putting steady growth in a more prominent position. It is expected that the relevant policies will be promoted with greater efforts and faster speed to ensure that the dividends are effective and directly reach the market players.
Reduce transaction costs and introduce long-term funds to stabilize the expectations of the A-share market
Recently, many departments have issued policies to enhance market vitality, encourage long-term funds to enter the market and further stabilize market expectations. Industry experts believe that the cost performance of medium and long-term allocation of A-Shares is prominent, and the space for long-term funds to enter the market is expected.
