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Important policy news on the market affecting the market on the evening of November 8 (with news broadcast highlights)

November 08, 2018 19:33
source: Eastern Fortune Network

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Summary
Last Friday (November 2), China Securities Industry Association held a forum for chief economists in the securities fund industry to convey the spirit of the Politburo meeting of the CPC Central Committee on October 31 and General Secretary Xi Jinping at the private enterprise symposium on November 1. The spirit of the important speech on the issue of macroeconomic situation and capital market reform and development issues.

  The SFC once again released important information! Liu Shiyu: Two requirements for the chief economist

Last Friday (November 2), China Securities Industry Association held a forum for chief economists in the securities fund industry to convey the spirit of the Politburo meeting of the CPC Central Committee on October 31 and General Secretary Xi Jinping at the private enterprise symposium on November 1. The spirit of the important speech on the issue of macroeconomic situation and capital market reform and development issues. Liu Shiyu, chairman of the China Securities Regulatory Commission, attended the meeting and exchanged views with the chief economists. At the symposium, Liu Shiyu put forward two requirements for the chief economist: 1. The chief economist of the securities fund industry should shoulder the mission of the times, improve the political position, and always take the guidance of Xi Jinping's new era of socialism with Chinese characteristics. Deeply understand the spirit of the 19th National Congress of the Communist Party of China, resolutely implement General Secretary Xi Jinping's spirit of a series of important instructions on the capital market, consciously proceed from the overall situation of the party and the state, analyze the domestic and international economic and financial situation, and put the party and the country in line. The policy and policy propaganda are well interpreted. 2. We must cherish the reputation of the industry, continuously improve the level of research capabilities, continue to exert our influence and credibility, and contribute positively to guiding market expectations.

  Guo Shuqing, Chairman of the China Insurance Regulatory Commission: Banks cannot make simple “one size fits all” for private enterprise loans.

On November 8th, the private enterprises reflected that some banking financial institutions adopted a simple “one size fits all” approach to shrink the financing of private enterprises, especially the problem of blindly lending, lending and squeezing loans to private enterprises that have difficulties and problems. Guo Shuqing, chairman of the China Insurance Regulatory Commission, said in an interview with the media that the Banking Regulatory Commission required banking financial institutions to simplistic "one size fits all", to objectively treat the difficulties encountered in the development of private enterprises, implement differentiated credit policies, and adopt refined, Targeted measures to help private enterprises get out of trouble. Guo Shuqing introduced that the initial consideration of loans to private enterprises should achieve the goal of “one two two five”, that is, in the new corporate loans, the loans of large banks to private enterprises should not be less than 1/3, and small and medium-sized banks should not be lower than 2/3, after three years of competition, the banking industry's loans to private enterprises accounted for no less than 50% of new corporate loans.

  The CSRC: Strictly supervise the suspension of trading in stocks in accordance with the law. The suspension rate is 1.7%.

It was learned from the website of the China Securities Regulatory Commission that the CSRC introduced the implementation of the suspension and resumption system in recent years and the next work arrangement. The China Securities Regulatory Commission said that promoting listed companies to regulate and improve quality is an important task for the long-term healthy development of the capital market. Stock suspension and resumption of the relationship between the investor's right to know and the right to trade is an important basic system of the capital market. In recent years, with the active efforts of all parties in the society, the problems of free suspension of trading, long-term suspension of trading, and insufficient disclosure of information have been improved. More attention has been paid to and respect for investors’ trading rights, implementation of phased information disclosure requirements, and active reduction of suspensions. , shorten the suspension time. Starting from the institutional orientation of balancing the protection of investors' right to know and trading rights, the Shanghai and Shenzhen Stock Exchanges strictly regulated the suspension and resumption of stocks in accordance with the law, effectively safeguarded market liquidity, maintained market trading order, and achieved positive results. As of November 5, the number of suspensions in the Shanghai and Shenzhen stock markets was 61, and the suspension rate was 1.7%. It is now a period of less suspension.

  Fang Xinghai: The CSRC is rapidly implementing the requirements of the science and technology board and the pilot registration system

On November 8, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, delivered a speech at the 5th World Internet Conference Sub-forum. Fang Xinghai said that the CSRC is rapidly in the process of internship. General Secretary Jin Ping proposed to set up a science and technology board and pilot registration system on the Shanghai Stock Exchange. It is required to provide a good capital market environment for the growth of innovative companies such as the Internet, and to provide more high-growth listed companies with investment value for the capital market. Fang Xinghai’s speech also mentioned that the reform will be deepened and the function of the capital market will be better played. We will continue to maintain the normal issuance of new shares, reform and improve the stock issuance system with information disclosure as the core, and further improve the predictability of corporate issuance and listing. Deepen the market-oriented reform of mergers and acquisitions, encourage and support listed companies to rely on mergers and acquisitions to refine and strengthen. On the basis of the “small-volume quick” review mechanism, the “division system” audit is implemented according to the industry and is applied preferentially in the high-tech industry. On the basis of the successful completion of the pilot, the H-share company with full circulation of H shares and qualified conditions can be applied for full circulation as soon as possible, so that domestic innovative enterprises can be listed overseas.

  Shenzhen Stock Exchange announced that Zhonghong shares will be delisted. The first "one yuan delisting stock" of A shares was born.

Until the evening of November 8, Zhonghong shares failed to stage the "Jesus Survival." A paper on the Shenzhen Stock Exchange, “Guo Xuan”, decided to decisively withdraw the Zhonghong shares from the market. The first stocks in Shanghai and Shenzhen that were delisted due to the stock price of less than 1 yuan for 20 consecutive trading days were born. According to the Shenzhen Stock Exchange, since 2018, Zhonghong shares have disclosed major risks such as large losses in performance, overdue debts, and major project shutdowns. Investors have expressed their judgment on the value of the company's investment through market-oriented behavior. On August 15, the company's stock closing price was lower than the face value (1 yuan) for the first time. From September 13th to October 18th, 2018, the company's stocks closed at a daily rate of less than 1 yuan for 20 consecutive trading days, which is subject to the termination of listing as stipulated in Article 14.4.1 of the Stock Listing Rules. After confirming the delisting, the next step of Zhonghong will enter the delisting period from November 16th. The trading period will be 30 days. The stock short name will be changed to “Zhonghong”, and the stock price will be limited to 10 days. %. On the next trading day after the delisting period expires, the Shenzhen Stock Exchange will delist the company's stock. The Shenzhen Stock Exchange advises investors to pay close attention to the investment risks of the companies to be delisted, and do not buy them at any time during the delisting period.

  China Settlement: Can participate in Shanghai Luntong through existing A-share accounts without new account opening

China's settlement website showed on November 8 that China Securities Depository and Clearing Co., Ltd. Shanghai Stock Exchange and the London Stock Exchange's interconnection depository receipt registration and settlement business investors answered that investors participated in Huluntong through existing A-share accounts. For the depositary receipt transaction settlement business, there is no need to open a new securities account; the market transactions of the China Depositary Receipts and the funds involved in the relevant company actions are settled in RMB.

  State Council: Standardize the reduction of corporate deposits and social security rates, reduce the burden on enterprises

On November 8, the General Office of the State Council issued a notice on focusing on corporate concerns to further promote the implementation of the business environment policy. The notice pointed out that the standard reduces the margin and social security rates of enterprises and reduces the burden on enterprises. The notice requires that the Ministry of Finance should pay close attention to research and propose specific plans to further reduce corporate tax burden. The Ministry of Human Resources and Social Security, the Ministry of Finance, the State Administration of Taxation, and the Medical Insurance Bureau shall, in accordance with the relevant arrangements of the State Council, promptly formulate specific implementation measures for reducing the social insurance premium rate, do a good job of preparatory work, and implement the system reform in a timely manner to ensure overall Does not increase the burden on the business.

  Beijing Securities Regulatory Bureau convened a financial institution symposium to promote market mechanism to resolve stock pledge risks

In order to implement the spirit of the State Council's Financial Stability Development Committee to prevent and resolve the risk of stock pledge and the series of deployment of the CSRC, on October 30, the Beijing Securities Regulatory Bureau convened some securities companies in the jurisdiction.fund companyPrivate placement institutions hold symposiums to study ways and means to guide social capital to participate in enterprise bail-outs and to resolve stock pledge risks by means of marketization. Director Wang Jianping of Beijing Securities Regulatory Bureau, Deputy Director Lu Qian and some supervisors attended the meeting and held a discussion. The Beijing Bureau stressed that all financial institutions should attach great importance to resolving the importance of stock pledge risks to maintain the stability of the capital market, innovate business models, work together, and give play to the advantages of market mechanisms to help quality enterprises get out of trouble. Relying on the unique geographical and cultural advantages of the capital, the Beijing region has developed a large number of high-quality enterprises, especially high-quality high-tech enterprises. It is hoped that all financial institutions will give high quality to Beijing under the premise of fully grasping risks and conforming to business logic when carrying out related work. More support from listed companies, Beijing Securities Regulatory Bureau will continue to do a good job in service support and assist financial institutions to dock all levels of government in Beijing.

  The World Internet Conference Blue Book released China's total digital economy reached 27.2 trillion yuan

The World Internet Development Report 2018 and the China Internet Development Report 2018 Blue Book were released at the 5th World Internet Conference on the 8th. According to the report data, in 2017, China’s total digital economy reached 27.2 trillion yuan, the digital economyGDPThe growth contribution rate is 55%. According to the report, at present, the integration of information technology represented by the Internet and human production and life has become a leading force in leading innovation and driving transformation. In 2017, the global digital economy reached US$12.9 trillion, and the United States and China ranked the top two in the world. The global e-commerce market maintained a rapid growth momentum with a transaction volume of US$2.3 trillion. Emerging markets such as Asia, Latin America, the Middle East and Africa have become new growth points.

  Financial support for the private economy Guangzhou took the lead in making 19 strokes

The reporter learned from the Guangzhou Branch of the People's Bank of China on the 8th that the bank jointly issued the "Financing on Financial Support" on October 31, in conjunction with the five departments of the CPC Guangzhou Municipal Committee of the United Front, the Municipal Industry and Information Technology Commission, the Municipal Science and Technology Innovation Commission, and the Municipal Financial Work Bureau. The Implementation Opinions on the Development of Private Enterprises in Guangzhou (hereinafter referred to as the “Implementation Opinions”) became one of the earliest provincial capitals in the country to issue opinions on the implementation of private enterprises, and provided practical policy support to local private enterprises. According to the "Implementation Opinions", Guangzhou will improve the credit policy-oriented effect evaluation system, and further guide financial institutions to increase loans to small and micro enterprises with a credit of 5 million yuan or less (including individual industrial and commercial households, small and micro enterprises, main operating loans). Support; further enhance the positive incentive effect of the credit policy-oriented effect evaluation system, and use the assessment results as a reference for monetary policy implementation, financial bond issuance management, financial institution establishment, new business start-up, regulatory rating, government awards, etc. .

   CCTV News Network Highlights on the evening of November 8

  Xi Jinping Meets with Former US Secretary of State

Chinese President Xi Jinping met with former US Secretary of State Kissinger in the Great Hall of the People on the 8th.

Xi Jinping pointed out that Dr. Kissinger is an old friend of the Chinese people and has made a historic contribution to the development of Sino-US relations. We will not forget this. For more than 40 years, Sino-US relations have experienced storms and bumps, but the overall situation has remained stable. The world today is facing a major change in the past 100 years. The international community is generally looking forward to the continued development of Sino-US relations in the right direction. I and President Trump agreed to meet during the G20 summit in Argentina, and the two sides can have an in-depth exchange of views on issues of common concern.

Xi Jinping emphasized that China and the United States must have accurate judgments on each other's strategic intentions. For some time, the negative voices in China involving China have increased, which deserves attention. China adheres to the path of peaceful development and remains committed to developing Sino-US relations that are free from conflict, non-confrontation, mutual respect, cooperation and win-win. We are willing to properly resolve the two countries through friendly consultations on the basis of equality and mutual benefit and in the spirit of mutual understanding and mutual accommodation. Problems in the development of relationships. At the same time, the US side should also respect China's rights and reasonable rights and interests in accordance with the road of its choice, and work in tandem with China to jointly safeguard the healthy and stable development of Sino-US relations.

Kissinger said that he is very happy to come to China again at an important moment when US-China relations have entered a new stage and to see President Xi Jinping. In the past few decades, I have visited China many times and witnessed the development of China. Under the current situation, US-China cooperation is crucial to world peace and prosperity. I highly appreciate China's efforts to this end. Developing US-China relations requires strategic thinking and foresight. The United States and China must better understand each other, strengthen strategic communication, continuously expand common interests, properly manage differences, and show the world that the common interests of the United States and China are far greater than differences. I hope that President Trump and President Xi Jinping will have a successful meeting during the G20 summit in Argentina.

Wang Yi attended the meeting.

  Li Keqiang stressed at the economic situation experts and entrepreneurs symposium that the collective efforts to overcome the difficulties and maintain a stable economic operation and healthy development

On the 8th, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, presided over the symposium on economic situation experts and entrepreneurs to listen to opinions on the current economic situation and plan for next year's development.

Han Zheng, member of the Standing Committee of the Political Bureau of the CPC Central Committee and vice premier of the State Council, attended the meeting.

At the meeting, experts such as Huang Yiping, He Dexu, Wei Shangjin and others from Zhejiang Rongsheng Group, Ziguang Group and Zhilian Recruitment made a speech on economic operation, private enterprise development, technological innovation and employment situation. Li Keqiang said: Since the beginning of this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, the whole country has coordinated the growth, promoted reform, adjusted the structure, benefited the people and the people, prevented risks, and actively responded to challenges. Economic and social development has not been easy. Results. However, complex changes in the domestic and international environment have brought new downward pressure on economic operations, and business difficulties have increased. In accordance with the Party Central Committee and the State Council, we must strengthen our confidence, mobilize the polarity of all parties, carefully plan for next year's development, and ensure that the economy operates smoothly in a reasonable range and in a high-quality direction.

Li Keqiang said that it is necessary to adhere to the general tone of steady progress, implement new development concepts, maintain the continuity of macroeconomic policies, strengthen pre-adjustment and fine-tuning, improve policy synergy, and implement precise policies. We will promote structural reforms on the supply side, actively supplement short-boards to promote upgrades, make greater efforts to reduce taxes and reduce fees, and adopt effective measures to improve the financing difficulties of private and small and micro enterprises. Give employment priority to a more prominent position and maintain more adequate employment.

Li Keqiang said that it is necessary to create a good business environment and help private and small and micro enterprises to overcome difficulties. It is necessary to deepen reform and opening up, continue to promote "distribution services", and support private enterprises to enter the fields of infrastructure and basic industries. In order to promote mass entrepreneurship and innovation, we will support more employment and promote new kinetic energy to accelerate growth. All kinds of enterprises, such as state-owned, private, and foreign-funded enterprises, will be treated equally, so that they can invest more easily and their legal rights are better protected.

Sun Chunlan, Hu Chunhua, Wang Yong and Xiao Jie participated.

  [Supporting private enterprises in action] Banking Insurance Regulatory Commission: For private enterprises, they must "dare to lend and lend money"

Guo Shuqing, secretary of the Party Committee of the People's Bank of China and chairman of the China Banking Regulatory Commission, said in an interview with CCTV reporters that the regulatory authorities will reform and improve the supervision, assessment, and incentive mechanisms of financial institutions, and promote the banking insurance institutions to “dare to lend, lend, and wish” to private enterprises. loan".

Guo Shuqing said that the speech of the general secretary at the private enterprise symposium has greatly touched the financial industry.

The Banking Regulatory Commission clearly requires: It is not allowed to simplify “one size fits all” for private enterprises that have encountered difficulties temporarily, have development prospects, and have normal production and operation, blindly lending, lending, and pressure on loans. For private enterprises that have the risk of stock pledge financing, on the basis of not forcibly closing the position, they should adopt a supplementary collateral to stabilize the risk. The relevant measures have been implemented.

Guo Shuqing particularly emphasized that the financial sector should also break through the various "glass doors" and "revolving doors" of private enterprises and effectively implement the requirements of the general secretary.

Guo Shuqing also said that in the current banking loan balance, private enterprise loans account for about a quarter of the total, while the private economy has more than 60% of the national economy. The current situation in which the two do not match must change.

  Newsletter

  The first clean energy UHV special transmission channel started

China’s first UHV channel, built specifically for the delivery of clean energy, started at the same time in Qinghai and Henan. The project has a total length of 1,587 kilometers and spans four provinces including Qinghai, Gansu, Shaanxi and Henan. The designed annual transportation capacity is nearly 40 billion kWh.

"Dayang No. 1" completed the 48 voyage examination task return

The "Dayang No. 1" ship returned to Qingdao after completing the 48 voyage mission of the Oceanic Examination in China. The scientific examination system recorded 17 kinds of oceanic seabirds in the sea area of ​​the cobalt-rich crust area, and implemented the "Sea Dragon" series of unmanned controlled submersibles. A series of tasks such as testing and application.

                (Editor: DF062)

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