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Important policy news on the market affecting the market on the evening of January 11 (with news broadcast highlights)

January 11, 2019 20:55
source: Eastern Fortune Network

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Summary
On January 11, on the basis of the preliminary public consultation, the Shanghai Stock Exchange officially issued the Implementation Rules for the Repurchase of Listed Companies (hereinafter referred to as the “Repurchase Rules”).

  The Shanghai Stock Exchange officially issued the implementation of the repurchase rules

On January 11, on the basis of the preliminary public consultation, the Shanghai Stock Exchange officially released and implemented the listed company.RepoShare Implementation Rules (hereinafter referred to as the "Repurchase Rules"). At the same time, in order to implement the relevant institutional arrangements for the Repurchase Rules, the Shanghai Stock Exchange has simultaneously issued revised share repurchase relatedannouncementFormat guidelines. On the one hand, this revision of the "Repurchase Rules" is aimed at implementing the company law revision decision, the CSRC and relevant ministries and commissions on supporting the spirit and requirements of the listed companies to repurchase shares, and giving full play to the system function of share repurchase; By increasing the share repurchase situation, broadening the sources of repurchase funds, and appropriately simplifying the implementation procedures, the listed companies will be more flexible and convenient to implement the share repurchase “pave the way”. At the same time, aiming at the possible violations of laws and regulations, the establishment of a dual prevention mechanism combining market constraints and regulatory interventions will ultimately promote the formation of long-term, win-win and sustainable market mechanisms.

  Shenzhen Stock Exchange officially released the shares repurchase rules of listed companies

The Shenzhen Stock Exchange officially issued the “Detailed Rules for the Repurchase of Stocks of Listed Companies of the Shenzhen Stock Exchange”. The main contents of this revision are as follows: First, broaden the application of repurchase shares and clarify “to maintain the company’s value andshareholderThe repurchase requirement for the “equipment required for equity”; the second is to simplify the repurchase review process for specific situations and to regulate the proposed procedures for repurchasing shares; the third is to refine the information disclosure and program change requirements for repurchased shares, and set the “crawling” repurchase terms; The fourth is to clarify the source of repurchase funds. The repurchase of shares pays cash as a cash dividend. The fifth is to clarify the requirements and restrictions on the reduction of shareholdings required to maintain the company's value and shareholders' equity. The sixth is to strengthen the daily supervision of repurchase shares. To prevent violations of laws and regulations.

  The China Securities Regulatory Commission issued three IPO approvals for enterprises. The amount of funds raised was not disclosed.

Recently, the CSRC approved the initial application of the following companies in accordance with legal procedures: Nanjing Weir Pharmaceutical Co., Ltd., Xi'an Bank Co., Ltd., Suzhou Hengmingda Electronic Technology Co., Ltd. The above-mentioned enterprises and their underwriters will separately negotiate with the exchange to determine the issuance schedule, and successively publish the prospectus documents.

  Zhai Qingmin: Promote the pilot of Shanghai Science and Technology Board as soon as possible, deepen the reform of the GEM and the New Third Board

Vice Chairman of the China Securities Regulatory Commission, Qi Qingmin, private placement in ChinafundThe industry summit forum delivered a speech entitled "Improving Private Equity Fund Governance to Promote Economic Transformation and Upgrading". Qi Qingmin pointed out that at present, the CSRC continues to deepen the reform of the capital market and opening up to the outside world, promote the pilot of the Shanghai Science and Technology Board as soon as possible, and promote the basic system reforms such as issuance, listing, information disclosure, trading, delisting, and investor appropriate management; Deepen the reform of the GEM and the New Third Board, optimize the refinancing system, and deepen marketizationMergerReorganizationReform, improve the quality of listed companies, and strive to create a "standard, transparent, open, dynamic, and resilient" capital market.

  Banking Regulatory Commission: Improve differentiated performance appraisal policy Encourage grassroots to dare to lend

Zhang Jinping, deputy director of the Banking Insurance Commission's Pratt & Whitney Finance Department, said on the 11th at the recent supervisory work briefing of the Banking Regulatory Commission that through the promotion of relevant policies in 2018 and the joint efforts of all parties, through the positive actions of the banks, the entire Pratt & Whitney type in 2018 Corporate loans have achieved great results. "In the next step, the Banking Insurance Regulatory Commission will further promote the financial services of small and micro enterprises, and under the principle of risk control and commercial sustainability, incremental expansion, quality and efficiency." Zhang Jinping said that from the regulatory point of view, differentiation The policy should continue to improve and promote, continuously optimize and improve the regulatory measures, and guide commercial banks to continue to increase the number of small and micro enterprises.CreditLaunch, continue to expand the volume. From the perspective of banks, it is necessary to urge banks to further improve their internal operating mechanisms, improve differentiated performance appraisal policies, and encourage grassroots to dare to lend and lend.

  The China Securities Regulatory Commission: resolutely investigate and deal with violations of laws and regulations by securities investment consulting agencies

Recently, for the partStock investmentIn the case of improper marketing and illegal operation of consulting organizations (hereinafter referred to as consulting organizations), the CSRC intensified law enforcement inspections, cleared industry disciplines, and concentratedly investigated and handled a number of cases. In 2018, administrative supervision measures were taken against 58 consulting agencies or their branches, and 35 administrative measures were ordered to suspend new customers. If administrative punishment is imposed according to law, administrative punishment has been implemented or the procedure for filing an investigation has been initiated.

  China Foundation Association: Completed the verification of 50 bail-out products. The size of the bailout fund is nearly 50 billion yuan.

According to the China Foundation, China Fund Industry Association actively implemented the requirements of the Party Central Committee and the State Council, supported the bailout of private enterprises, established a green filing channel mechanism, completed the verification of 50 bail-out products, and the size of the bailout fund was close to 50 billion yuan, effectively supporting asset management institutions. Resolving the financing difficulties of private enterprises and preventing the stocks of listed companies from being resolvedPledgeThe risk aspect plays an active role.

  Shenzhen Stock Exchange: SME board will enable "003000-004999" securities code range

Due to business development needs, the Shenzhen Stock Exchange will use the "003000-004999" securities code range after the use of the SME board "002001-002999" stock code section, please prepare relevant units as soon as possible. After the “003000-004999” code interval is activated, China Securities Depository and Clearing Co., Ltd. added a time stamp to the 178 stock codes (see attachments) originally used for the market capitalization of the Shanghai stock market to distinguish the Shanghai market capitalization distribution code and the SME board. Stock code. All relevant units are required to do the work of migrating, preserving, inquiring and interpreting the historical data of the stock market value of the original Shanghai stock market, so as to avoid conflicts when the stock code is used.

  The CSRC: If there is an unrecovered loss in the overall IPO change, it will be declared after 36 months.

Some non-pilot innovative enterprises applying for initial public offering of shares (hereinafter referred to as issuers) have unrepared losses when the limited liability company changes its share of the original book value of net assets to a company limited by shares, or there is no unrepaired when the overall change occurs. Loss, but due to accounting errors correction retroactive adjustment report, there is an unrecovered loss when the overall change. What are the specific requirements for such companies in the audit? The CSRC issued a regulatory review question and answer, saying that if there is an unrecovered loss in the overall IPO change, it will take 36 months to declare.

  Central Bank: In-depth implementation of the "distribution service" reform requires deployment and cancellation of corporate account licensing work

On January 11, 2019, the People's Bank of China held a video conference to revoke the corporate banking account permit mobilization, and thoroughly implemented the Party Central Committee and the State Council to support private enterprises, small and micro enterprises to develop important work deployment and "distribution service" reform requirements, and deploy national cancellation. Corporate account licensing work. Fan Yifei, member of the Party Committee of the People's Bank of China and deputy governor, attended the meeting and delivered a speech. Fan Yifei emphasized that the cancellation of the enterprise account licensing work should adhere to the general principle of “two no reduction, two reinforcements”, that is, the convenience of opening accounts for enterprises is not reduced, the risk prevention and control is not reduced, the optimization of enterprise account services should be strengthened, and account management should be strengthened. . On the one hand, we must persist in serving the real economy, serve private enterprises, small and micro enterprises, and establish a long-term mechanism to optimize corporate account services, so that the convenience of opening accounts for enterprises and the comprehensive enhancement of corporate account services are truly open for private enterprises and small and micro enterprises. The door to service. On the other hand, we must persist in preventing financial risks, establish a matrix-based account management structure, horizontally compact the main responsibilities of commercial banks, and vertically suppress the supervisory responsibilities of the People's Bank of China and the regulatory authorities, so that risk prevention and control can only increase and decrease, and account management Cycle, full process enhancement.

  The China Securities Regulatory Commission (CSRC) notified 20 major auditing cases in 2018

On the 11th, the CSRC held a regular press conference to report the 20 cases of typical cases in 2018. The case involved false claims and intermediaries that did not diligently perform operations, manipulated the market, insider trading, fraudulent issuance of corporate bonds, etc., and Jinya Science and Technology Information Disclosure Violation Law and Changsheng Biological Information Disclosure Violation Regulations were listed.

  Banking Regulatory Commission: Will study new measures for opening up to the outside world, especially need professional foreign insurance to enter China

On the 11th, the director of the China Insurance Regulatory Commission, Xiao Yuanqi, revealed at the recent supervisory work briefing of the Banking Regulatory Commission that this year, first, it is necessary to study new measures for opening up to the outside world, and second, it is hoped to further expand the mode of opening up. Xiao Yuanqi pointed out that more than 10 measures for opening up to the outside world were introduced last year. Next, the China Insurance Regulatory Commission will continue to implement 10 open measures. This year, the first is to study new measures for opening up to the outside world, so that the scope of opening up is broader and more powerful. In particular, there is a need for professional foreign-invested insurance institutions to enter the Chinese market. In a certain field, the sense of compliance management is relatively strong. The shortcomings of our management system complement each other. Second, we hope to further expand the open approach. It is not just to set up branches, not only to invest, but also to make equity. We now need some professional foreign institutions to bring technology and professional talents.

  CICC: Expanding the scope of application of treasury bonds to further reduce market costs

On January 11, 2019, China Financial Futures Exchange (hereinafter referred to as CICC) issued the "Notice on Treasury Bonds as Margin Business". On the basis of the pilot project of the previous treasury bonds, the application of treasury bonds to all financial futures was extended. Variety. The scope of application for the expansion of treasury bonds will be officially implemented on January 21, 2019. The relevant person in charge of CICC said that expanding the scope of application of treasury bonds to all financial futures varieties can improve market operation efficiency, reduce the cost of institutional investors, and improve the service level of the financial futures market. In the next step, CICC will pay close attention to the market operation after expanding the scope of application of treasury bonds, and steadily promote the innovation of collateral business on the premise of ensuring the safe and stable operation of the financial futures market.

  Banking Regulatory Commission: We are steadily and orderly promoting the reform of financial subsidiaries

Liao Yuanyuan, deputy director of the Innovation Department of the China Insurance Regulatory Commission, said at the recent notice of key supervision work of the China Insurance Regulatory Commission that the China Insurance Regulatory Commission is currently advancing steadily and orderly.Financial managementSubsidiary reform work. For the establishment of the financial management subsidiary, the principle that the Banking Insurance Regulatory Commission grasps is to actively and steadily advance, mature and approve one, and guide the funds to enter the market step by step and maintain market stability. At the same time, the banks that have been approved will be guided to successfully start the operation as soon as possible. For the established financial subsidiaries, supervision and management will be strengthened to promote their compliance and prudent operation.

  Guangzhou has greatly relaxed its household registration policy: it can be settled under the age of 40 or above.

After strong second-tier cities such as Wuhan, Xi'an and Chengdu have released their new household registration policies, Guangzhou, the first-tier city, has also greatly relaxed the conditions for talents to settle down. This afternoon, the Guangzhou Municipal Development and Reform Commission, together with the Guangzhou Municipal People's Bureau, the Municipal Government, and the Municipal Public Security Bureau jointly issued a new round of Guangzhou's policy of moving into the household. At the press conference, the relevant person in charge introduced that the new round of household registration policy has several characteristics. First, the family planning policy will no longer be used as a pre-condition for moving into the city of Guangzhou. Second, the conditions for introducing talents into the household have been greatly adjusted. Among them, the age limit for introducing talents to the household is relaxed, and the bachelor's, master's, and doctor's degrees are adjusted from 35, 40, and 45 years old to 40, 45, and 50 years old, respectively.

   CCTV News Network Highlights on the evening of January 11

General Secretary of the CPC Central Committee, President of the State, and Chairman of the Central Military Commission Xi Jinping delivered an important speech at the Third Plenary Session of the 19th Central Commission for Discipline Inspection of the Communist Party of China on the morning of the 11th. He stressed that it is necessary to take the guidance of socialism with Chinese characteristics in the new era as a guide, strengthen the "four consciousnesses", strengthen "four self-confidences", and achieve "two maintenance", and take the party's political construction as the guide to comprehensively promote party building. We have achieved more comprehensive strategic results from the strict administration of the party, consolidate the overwhelming victory in the development of the anti-corruption struggle, and promote the non-corruption, perseverance, and anti-corruption, improve the party and state supervision system, and ensure the spirit of the 19th Party Congress and the Party Central Committee. The major decision-making arrangements were firmly implemented and the 70th anniversary of the founding of the People's Republic of China was celebrated with outstanding achievements.

Li Keqiang, Li Zhanshu, Wang Yang, Wang Huning and Han Zheng, members of the Standing Committee of the Political Bureau of the CPC Central Committee, attended the meeting. Zhao Leji, member of the Standing Committee of the Political Bureau of the CPC Central Committee and secretary of the Central Commission for Discipline Inspection, presided over the meeting.

  Message from the Central Military Commission of the Central Committee of the Communist Party of China on the successful completion of the mission of the lunar exploration project No. 4

On the 11th, the Central Committee of the Communist Party of China, the State Council, and the Central Military Commission sent a congratulatory message to the comrades of the No. 4 mission headquarters of the lunar exploration project and the comrades of the fourth mission of the lunar exploration project.

The congratulatory message said that during the successful completion of the mission of the lunar exploration project on the 4th, the CPC Central Committee, the State Council, and the Central Military Commission expressed warm congratulations and cordial condolences to all the scientific and technological workers, cadres and workers, and PLA officers and men who participated in the mission!

The No. 4 mission is the first mission of the fourth phase of China's lunar exploration project. For the first time in human history, the spacecraft achieved a soft landing and patrol survey on the back of the moon, and for the first time realized the relay communication with the Earth on the back of the moon, and with many countries. Significant international cooperation with international organizations. This is another major achievement of the space front adhering to self-reliance and independent innovation under the cordial care and strong leadership of the Party Central Committee with Comrade Xi Jinping as the core. It is one of the important signs of China’s expansion from a space power to a space power. It is a new era. The new benchmark of the Chinese people's climbing to the world's technological peak is another outstanding contribution of the Chinese nation to human exploration of the mysteries of the universe. Guided by Xi Jinping's new era of socialism with Chinese characteristics and the spirit of the 19th National Congress of the Communist Party of China, the project has vigorously practiced the spirit of "seeking the dream, bravely exploring, cooperating, and win-win cooperation" to implement the innovation-driven development strategy with practical actions. To promote the building of a community of human destiny, to further strengthen China's economic strength, scientific and technological strength, national cohesiveness and international influence, and to inspire the whole party and the whole army and the people of all nationalities to march forward toward the grand blueprint of the party's 19th National Congress, which is of great significance. . The motherland and the people will always remember your outstanding merits!

Exploring the vast universe and peaceful use of space is the common dream of all mankind. With the successful completion of the No. 4 mission, the fourth phase of the lunar exploration project and the deep space exploration project in China will be fully kicked off. The tasks ahead will be more arduous and the challenges will be unprecedented. It is hoped that all the comrades on the space front will be more closely united around the Party Central Committee with Comrade Xi Jinping as the core. Under the guidance of Xi Jinping’s new era of socialism with Chinese characteristics, the spirit of the 19th and 19th Central Committees of the 19th Party will be fully implemented. Solidarity of "four consciousnesses", firming "four self-confidences", resolutely achieving "two maintenance", carrying forward the spirit of "two bombs and one star" and manned spaceflight spirit, not forgetting the initial heart and advancing, and vigorously promoting the construction of aerospace powers In order to realize the Chinese dream of the great rejuvenation of the Chinese nation, we will create new achievements and promote new achievements in order to build a community of human destiny!

  Hebei Xiong'an New District and Beijing City Sub-center turned to the substantive construction stage

The State Council Information Office held a press conference today (11th). The relevant person in charge of the Beijing-Tianjin-Hebei Collaborative Development Leading Group Office, Beijing and Xiong'an New District of Hebei Province introduced the planning and construction of the Xiong'an New District and the Beijing City Sub-center.

According to reports, at present, the prelude to the development and construction of Xiong'an New District has been opened. Xiong'an New District will integrate all aspects of land, capital, manpower, information and technology to form a full-life cycle urban planning, construction, operation and management model. To promote sustainable urban development.

The Beijing City Sub-center will comprehensively implement measures in transportation, ecology, municipal administration, security, public services, housing, integration of old and new, and treat both the symptoms and the root causes, build a city without “urban disease”, and realize Tongzhou District and Langsan North Three Counties in Hebei Province. Regional unified planning, unified policies, unified standards, unified management and control, and coordinated development.

  [Practical and practical for practical results] Interview with Minister of Finance Liu Kun

The series of reports "Practical and practical for practical results", today (11th) interviewed Minister of Finance Liu Kun.

In 2019, active fiscal policy has begun to exert its strength. From January 1st, the new tax law was fully implemented, and the special tax deduction for the first time introduced in China directly benefited the majority of taxpayers. On January 9, China decided to launch another batch of inclusive tax cuts for small and micro enterprises. It is estimated that the annual reduction of small and micro enterprises will be about 200 billion yuan.

In the next step, China will deepen the reform of value-added tax and continue to promote substantial tax reductions; actively research and formulate comprehensive plans to reduce social insurance rates with high market attention, and further reduce the burden of corporate social insurance contributions.

Liu Kun said that the capital investment in the three major battles, technological innovation, supply-side structural reform, agriculture, rural areas and people's livelihood will be greatly improved.

  Newsletter

  China's banking industry operates with sound risks and controllable

The China Banking Regulatory Commission announced today (11th) the latest data. At the end of December 2018, China’s banking industry’s total assets were 261.4 trillion yuan, a year-on-year increase of 6.4%. The balance of non-performing loans of commercial banks was 2 trillion yuan, and the non-performing loan ratio was 1.89%. At present, China's banking industry is running steadily and risks are generally controllable.

  China successfully launched the "Zhongxing 2D" satellite

At 1:11 today (11th), China used the Long March 3B carrier rocket at the Xichang Satellite Launch Center to successfully launch the "Zhongxing 2D" satellite and the satellite entered the orbit. The "Zhongxing 2D" satellite is the newly developed communication broadcasting satellite in China, which can provide transmission of broadcast television and broadband multimedia.

  Beijing-level administrative center moved into the city sub-center

Today (11th), the Beijing-level administrative center held a flag-raising ceremony and a four-team inauguration ceremony at the Beijing City Sub-center. At present, 35 departments and 165 unit entities have been relocated to the Beijing City Sub-center in Tongzhou District, Beijing. The urban sub-center has a planned area of ​​about 155 square kilometers. It mainly undertakes the function of Beijing-level administrative office and attracts the function of the central city. It plans to undertake 400,000 to 500,000 permanent residents in the central city by 2035.

                (Editor: DF062)

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