On Thursday, May 19, the essence of the headlines of today’s newspaper is as follows:
china Securities Journal
SASAC proposed that state-controlled listed companies should set an example in stabilizing the capital market
The three-year decisive battle of state-owned enterprise reform ended, and the reform of state-controlled listed companies was deepened and accelerated. On May 18, Weng Jieming, member of the Party committee and deputy director of the SASAC of the State Council, said that state-controlled listed companies should set an example in promoting the healthy and stable development of the capital market. Group companies should be active and responsible shareholders, encourage long-term holding of shares of listed companies, and timely increase the holding of shares of listed companies with undervalued value. Listed companies should timely implement share repurchase to enhance investor confidence.
In April, the cash bond trading volume of foreign institutional investors increased by more than 10% year-on-year, and the trend of foreign capital’s long-term increase in Chinese assets remained unchanged
According to the data released by the China foreign exchange trading center on May 18, foreign institutional investors reached a total of 1020.2 billion yuan of cash bond transactions in April, an increase of 13% year-on-year and a decrease of 17% month on month. The trading volume accounted for about 5% of the total trading volume of the cash bond market in the same period. According to the data from the Shanghai headquarters of the people’s Bank of China, overseas institutions showed a trend of reducing their holdings of Chinese bonds in April.
Multiple positive factors support the market of growth stocks
Since the Shanghai index rebounded from its low of 286365 on April 27, small and medium-sized market capitalization track stocks have become the main force of the rebound. Market participants said that in the early stage, the bottom of A-Shares has been proved and is currently in the repair period of risk appetite. Supported by multiple favorable factors, growth style stocks are expected to continue to lead the rise.
In April, house prices in the first, second and third tier cities showed a downward trend month on month
On May 18, the changes in the sales price of commercial housing in 70 large and medium-sized cities in April released by the National Bureau of statistics showed that among the 70 large and medium-sized cities in April, the sales price of commercial housing decreased, the number of cities increased, and the sales price of commercial housing in the first, second and third tier cities showed an overall downward trend month on month and continued to decline year on year
Shanghai Securities News
SASAC promotes the deepening reform of state-owned listed companies in a multi pronged manner
On May 18, the SASAC held a special promotion meeting on deepening the reform of state-owned holding listed companies and striving to be an example of the three-year action of state-owned enterprise reform. Weng Jieming, deputy director of the office of the State Council Leading Group for state-owned enterprise reform and deputy director of the SASAC, said that state-owned holding listed companies should strive to set an example in three aspects: in-depth implementation of the three-year action of state-owned enterprise reform, operation in accordance with laws and regulations, and promoting the healthy and stable development of the capital market.
The CBRC issued the measures for the administration of the implementation of the expected credit loss law of commercial banks
The reporter of Shanghai Securities News learned yesterday that the CBRC recently issued the measures for the administration of the implementation of the expected credit loss law of commercial banks (hereinafter referred to as the measures), standardizing the internal control mechanism and management process for the implementation of the expected credit loss law of commercial banks, and consolidating the basis of credit risk provision management.
The financing recovery signal of private real estate enterprises reappears, and the two companies issue corporate bonds on the Shanghai Stock Exchange
The financing of private real estate enterprises welcomes the warm wind. On May 16, Chongqing Longhu and Midea real estate announced that they would issue corporate bonds on the Shanghai stock exchange market. Among them, Chongqing Longhu successfully issued 500 million yuan of corporate bonds on May 17, while Midea real estate will issue no more than 1 billion yuan of corporate bonds. Meanwhile, China Securities Finance Co., Ltd. (hereinafter referred to as “CSI finance”) will jointly create credit protection instruments with the lead underwriters Citic Securities Company Limited(600030) and Guotai Junan Securities Co.Ltd(601211) securities through the private enterprise bond financing support plan to help the smooth issuance of the two bonds.
More than 50 billion yuan of funds poured into cross-border ETF institutions and laid out the Internet sector on the left
Since this year, the net value of cross-border ETFs tracking Hang Seng technology index and China Internet Index has generally retreated greatly. However, with the continuous influx of bottom reading funds, the share of such ETFs has increased instead of falling. According to statistics, the total amount of funds pouring into cross-border ETFs has reached 54 billion yuan since the beginning of the year
Securities Times
Li Keqiang: act decisively to increase macro policy adjustment
On May 18, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, chaired a symposium in Yunnan to study and deploy further steady growth, stabilize market players and ensure employment.
SASAC: increase the injection of high-quality assets into listed companies
On May 18, “special promotion meeting on deepening the reform of state-controlled listed companies and striving to be a three-year action model for the reform of state-owned enterprises” was held. Weng Jieming, deputy director of the office of the state owned enterprise reform leading group of the State Council and member and deputy director of the Party committee of the state owned assets supervision and Administration Commission of the State Council, pointed out that stabilizing the capital market is the social responsibility and mission of state-controlled listed companies, and listed companies should set an example in promoting the healthy and stable development of the capital market.
VC / PE investment survey in the primary market: the investment pace of most venture capital institutions has slowed down, covering the “ammunition” and waiting for valuation callback
Affected by the repeated epidemic situation, the conflict between Russia and Ukraine, the poor performance of the secondary market and other comprehensive factors, at present, China’s VC / PE institutions seem a little tangled: invest, don’t invest, or invest slowly?
A number of banks in Tianjin implement the minimum mortgage interest rate of 4.4%
After the central bank and the China Banking and Insurance Regulatory Commission announced the reduction of the lower limit of the first mortgage interest rate on May 15, the implementation in various places has attracted much attention. On May 18, the reporter of the Securities Times called a number of banks in Tianjin and learned that many banks such as Bank of China, Agricultural Bank of China, ICBC, China Construction Bank, Bank of communications and China Merchants Bank began to implement the first mortgage interest rate with a minimum of 4.4% from the same day
Securities Daily
“Retreat as much as possible” can eliminate the fittest
On the evening of May 17, Zhongxin announced that the delisting consolidation period of the company had ended and would be delisted by the Shanghai Stock Exchange on May 24, 2022. In addition, nearly 10 companies, including Lawton Development Co.Ltd(600209) , Hubei Wuchangyu Co.Ltd(600275) , Cred Holding Co.Ltd(600890) and others, have also issued announcements of transactions entering the delisting consolidation period.
Which of the 9670 public funds increased more in the past week? There are only 50 funds with a yield of more than 10%
According to the statistics, the reporter of Securities Daily found that from May 12 to May 18, the relevant funds with the theme of new energy achieved a high rate of return. Among the 9670 public funds, 50 funds have a yield of more than 10% in the same period. GF China Securities all refers to automobile A, harvest China Securities semiconductor enhancement a, GF Guozheng new energy vehicle battery ETF, etc. are among them.
The chief executives of the five major securities companies look forward to the economic data in the second quarter, and the growth rate of social finance is expected to rebound
After the release of national economic operation data from January to April and April 2022, the reporter of Securities Daily connected five chief economists and chief analysts of five securities companies. They said that the current downward pressure on the economy has increased, but the general trend of high-quality development has not changed.
The bidding price of a lithium mine in Sichuan rose 122 times, and the competition for lithium resources was due to the prominent contradiction between supply and demand
On May 17, the auction of 542857% equity of Sichuan Yajiang snowway mining started on Jingdong bankruptcy auction platform, with a starting price of 3.3529 million yuan.
As of 16:30 on May 18, the latest bidding has reached 413 million yuan, 122 times higher than the starting price. On May 24, Pilbara, an Australian lithium supplier, will hold the second lithium concentrate auction of the year. The auction price at the end of April was $5650 / ton, up 140% from the previous auction price
people’s daily
The long-term trend of China’s stable industrial development will not change
Recently, the operating difficulties of some industrial enterprises, especially small, medium-sized and micro enterprises, have increased. In this regard, we should treat it objectively. We should not only see the current difficulties, but also see the emerging new opportunities. We should see that there are many favorable conditions for the steady growth of China’s industry, and short-term factors can not affect the long-term trend of the steady development of China’s industry Finance and Economics
The issuance slowed down and the price earnings ratio fell. The registered new shares broke off on the first day of May
The issuance of registered IPO slowed down and the price earnings ratio of issuance fell. Forced by the breaking tide, in May, there were some new changes in the A-share IPO market.
Before state-owned assets took over, local funds bought Guanfu Holdings Co.Ltd(002102) share price on a large scale to “rush” coincidence or news leakage?
The transfer and entrustment of voting rights by major shareholders may result in the vacancy of the actual controller for more than half a year. It is undoubtedly good news for a listed company in trouble. However, the share prices of listed companies ran ahead three days before the official disclosure of the news. Such a strange thing happened to Guanfu Holdings Co.Ltd(002102)
21st Century Business Herald
China needs to seize the opportunity of digital economy development to win the initiative in future competition
Recently, the CPPCC National Committee held a special consultation meeting on “promoting the sustained and healthy development of the digital economy”. Members believed that China’s status as a major country in the development of the digital economy is stable and has broad prospects for development in the future. We should continue to strengthen, optimize and expand the digital economy, so as to better serve and integrate into the new development pattern and promote high-quality development.
During the rescue of small and medium-sized enterprises, get through the “last mile” of policy implementation
On May 18, the State Council Information Office held a regular policy briefing of the State Council to introduce the situation of supporting the relief and healthy development of small and medium-sized enterprises
economic reference
Accelerate the construction of a national unified green trading market system
Recently, the opinions of the CPC Central Committee and the State Council on accelerating the construction of a national unified market has made arrangements for cultivating and developing a national unified ecological environment market, and proposed to build a national unified carbon emission rights and water rights trading market relying on the public resources trading platform, implement unified and standardized industry standards and trading supervision mechanism, and promote the market-oriented trading of emission rights and energy rights.
During the year, 45 companies touched on delisting, and the “metabolism” of A-Shares accelerated, forming a normalized delisting mechanism
On May 24, the delisted companies in Lhasa and Zhongxin will be officially delisted at the end of the delisting consolidation period; On May 25, six listed companies including Shanghai U9 Game Co.Ltd(600652) and others will enter the delisting period. Since this year, the “metabolism” of A-Shares has continued to accelerate, and more than 40 companies have been delisted during the year. Industry experts believe that the problem companies are cleared quickly, the overall market environment is clearer, and its function of optimizing resource allocation and survival of the fittest can be brought into play.
