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

February 11, 2019 19:25
source: Eastern Fortune Network

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Summary
Li Keqiang presided over the State Council executive meeting, decided to grant VAT preferential treatment for rare disease drugs, supported commercial banks to replenish capital through multiple channels, improved the efficiency of approval of perpetual bond issuance, and lowered the threshold for entry of preferred shares and convertible bonds.

  Li Keqiang presided over the State Council executive meeting to support commercial banks to replenish capital through multiple channels.

  On February 11th, Premier Li Keqiang presided over the State Council executive meeting to listen to the work report of the proposed proposals of the two National Congresses in 2018, and promote the improvement of the government's administrative level. It is required to pay attention to the implementation of the task of getting rid of poverty this year and lay a solid foundation for winning the fight against poverty. The measures for early diagnosis and treatment of cancer and medication support decided to grant VAT preferential treatment for rare disease drugs; decided to support commercial banks to replenish capital through multiple channels, and enhance the financial services entity economy and risk prevention capabilities.The meeting decided to support commercial banks to replenish capital through multiple channels, improve the efficiency of perpetual bond issuance approval, and reduce preferred stocks while insisting on not engaging in “big flood irrigation”.Convertible bondWaiting for entry. stand byfund, annuities and other participating banks to increase capital and expand shares. The meeting emphasized that commercial banks with capital supplements should improve their internal mechanisms and increase their support for private and small and micro enterprises.

  The central bank and other five departments: steadily carry out the mortgage business of farmers' housing property rights

In order to thoroughly implement the Central Rural Work Conference, the "Opinions of the CPC Central Committee and the State Council on Implementing the Rural Revitalization Strategy" and the "Village Revitalization Strategic Plan (2018-2022)", effectively improve the efficiency and level of financial services for rural revitalization, the People's Bank of China, The China Insurance Regulatory Commission, the China Securities Regulatory Commission, the Ministry of Finance, and the Ministry of Agriculture and Rural Affairs jointly issued the "Guiding Opinions on Rural Service Revitalization of Financial Services." The "Opinions" pointed out that we should improve the financial services of the rural property rights system and develop and strengthen the rural collective economy. Cooperate with the reform of rural land system and the reform and deployment of rural collective property rights system, accelerate the construction of supporting mechanisms such as confirmation of power registration, value assessment, transaction flow, disposal and realization of cash, actively and steadily promote the operation of mortgage loans for rural contracted land, combined with homestead The pilot reform of the "three-power split" reform has steadily carried out the mortgage loan business for farmers' housing property rights, promoted the use of collectively-operated construction land, collective assets and other legally compliant mortgages, and promoted the organic connection of rural land assets and financial resources. In combination with the progress of the registration and accreditation work of rural collective economic organizations, the financial support for collective economic organizations with independent legal person status, clear collective assets and stable cash flow will be strengthened.

  China Securities Regulatory Commission: Listed companies should submit a list of insider information for the first time mergers and acquisitions

The CSRC stated that listed companies should disclose for the first timeReorganizationA list of insider information insiders is submitted to the stock exchange at the time of the matter. The aforesaid first disclosure of reorganization matters refers to the early disclosure of the plan for reorganization, disclosure of the reorganization plan or disclosure of the reorganization report. If a listed company first discloses a reorganization and reorganizes to a major adjustment or termination of the reorganization plan during the disclosure of the reorganization report, or discloses the reorganization of the major financial indicators, estimated value, and proposed pricing of the underlying assets, it shall disclose the reorganization plan. A list of insider information insiders is added when major changes or disclosures are made. After a listed company discloses an abnormal fluctuation in stock trading after the first disclosure of the reorganization, the stock exchange may request the listed company to update the list of inside information insiders.

  China’s foreign exchange reserves are 3,087.9 billion U.S. dollars, up from 15.2 billion U.S. dollars last month.

Foreign Exchange Administration spokesperson Wang Chunying revealed on the 11th that as of the end of January 2019, Chinaforeign exchange reservesThe scale was $3879 billion, an increase of $15.2 billion from the end of December 2018, an increase of 0.5%. What is the reason for the change in the size of foreign exchange reserves? What is the trend of future foreign exchange reserves? On the 11th, the State Administration of Foreign Exchange spokesperson and chief economist Wang Chunying and Wang Chunying answered questions from reporters on the scale of foreign exchange reserves in January 2019. Wang Chunying said that in January 2019, China’s foreign exchange market was basically balanced in supply and demand, cross-borderCash flowThe overall situation is stable. In the global financial market, mainly non-US dollarscurrencyRelative to the rise in the US dollar exchange rate, the price of financial assets has risen. Affected by valuation factors such as exchange rate conversion and asset price changes, the scale of foreign exchange reserves rose slightly.

  The Spring Festival box office has set a new record. These A-share listed companies have become the biggest winners.

The 2019 Spring Festival movie box office hit another record high. As of February 10 (New Year's Day), the national movie box office reached 5.84 billion yuan, an increase of 1.2% over the same period last year, a record high in the same period. Among them, the one-day box office of the New Year's Day reached 1.454 billion yuan, breaking the single-day box office record last year, an increase of 12.69%. The Spring Festival has always been the "land of battle" for major film companies. The top three at the box office are: "Wandering Earth" box office over 2.004 billion yuan, "Crazy Alien" box office reached 1.44 billion yuan, "Flying Life" The box office reached 1.04 billion yuan. With the trend of dark horses, the "Wandering Earth" of the rising-end Lunar New Year file was also launched, and a wonderful wandering trip was started with the A-share listed company behind it. According to the data, the producers of "Wandering Earth" include China Film Group, Beijing Culture, Guofan Culture Media, Dengfeng International Culture and other companies.

  Ministry of Commerce: National retail and catering industry sales broke through RMB 1 trillion during the Spring Festival

According to data from the Ministry of Commerce, the national commodity market maintained steady and rapid growth during the Golden Week of the Spring Festival in 2019. From New Year's Eve to the sixth day of the first month (February 4th to 10th), the national retail and catering enterprises achieved sales of about 100.5 billion yuan, an increase of 8.5% over the Golden Week of the Spring Festival last year. This year's Spring Festival, buying traditional Chinese food, eating New Year's Eve, visiting temple fairs and other traditional consumption is booming, sales of annual gifts, traditional food, emerging electronic products, local specialty products are growing rapidly, online consumption, customized consumption, experience consumption, smart consumption, etc. Emerging consumption has many attractions.

  CCTV News Network Highlights on the evening of February 11

  Li Keqiang presided over the State Council executive meeting

On February 11th, Premier Li Keqiang presided over the State Council executive meeting to listen to the work report of the proposed proposals of the two National Congresses in 2018, and promote the improvement of the government's administrative level. It is required to pay attention to the implementation of the task of getting rid of poverty this year and lay a solid foundation for winning the fight against poverty. The measures for early diagnosis and treatment of cancer and medication support decided to grant VAT preferential treatment for rare disease drugs; decided to support commercial banks to replenish capital through multiple channels, and enhance the financial services entity economy and risk prevention capabilities.

The meeting pointed out that handling the recommendations of the NPC deputies and the CPPCC members' proposals is an important part of the government's performance of duties in accordance with the law. Last year, the State Council led the way to handle 6,319 proposals and 3,863 proposals, accounting for 88.5% and 87% of the total respectively, and promoted more than 1,400 related measures. This year, the two national conferences are coming soon, we must continue to improve the quality of the proposed proposals, carefully study and absorb opinions and suggestions, and do better for the people.

The meeting listened to the progress report on poverty alleviation and pointed out that last year, all regions and departments in accordance with the deployment of the Party Central Committee and the State Council, solidly promoted poverty alleviation and the 13.69 million people achieved poverty alleviation. This year, we must step up efforts to promote the deep poverty-stricken areas. The new central government's poverty alleviation funds are mainly used in these areas to support poor areas to supplement short-board projects, improve the quality of poverty alleviation, and solve the problems of the “two guarantees” of the poor. During the period of hard work, the capping county and the poverty-stricken population continued to enjoy the poverty alleviation policy, providing timely assistance to returning to poverty and new poverty-stricken populations, and ensuring that more than 10 million people will be reduced this year.

The meeting pointed out that strengthening the prevention and treatment of major diseases such as cancer and rare diseases is related to the well-being of hundreds of millions of people. First, we must improve the cancer diagnosis and treatment system. Adhere to prevention, promote early diagnosis and treatment of cancer, and reduce mortality. Support the research and application of new technologies for diagnosis and treatment. Develop "Internet + medical care" to improve the ability of primary and secondary care. Second, we must speed up the registration and approval of new anti-cancer drugs at home and abroad, promote the simultaneous listing of new overseas drugs in China, unblock the urgent need for temporary import channels for anticancer drugs, and include more anticancer drugs in the medical insurance drug list to ease the use of drugs. Third, we must protect more than 20 million patients with rare diseases. From March 1st, for the first batch of 21 rare disease drugs and 4 APIs, the value-added tax will be reduced by 3% in the import link, and the domestic link can choose to calculate the value-added tax according to the 3% simple method.

The meeting decided that while insisting on not engaging in “big flood irrigation”, it will support commercial banks to replenish capital through multiple channels, improve the efficiency of approval of perpetual bonds, and reduce barriers to entry for preferential stocks and convertible bonds. Support funds, annuities and other participating banks to increase capital and expand shares. The meeting emphasized that commercial banks with capital supplements should improve their internal mechanisms and increase their support for private and small and micro enterprises.

  The Spring Festival consumer market upgrades consumption patterns are diversified

During the Spring Festival holiday this year, the national commodity market maintained steady and rapid growth. According to the monitoring of the Ministry of Commerce, from the New Year's Eve to the sixth day of the first month, the national retail and catering enterprises achieved sales of 1 trillion yuan for the first time. The market consumption was upgraded and the consumption patterns were diversified.

The monitoring shows that the sales of smart home appliances, new digital products and traditional new year stocks increased rapidly during the Spring Festival holiday, which contributed to the breakthrough of the Chinese New Year consumer market. The sales of key enterprises in Anhui and Yunnan increased by about 15%, and the sales of communication equipment of key monitoring enterprises in Ningxia increased by 14.2%. Anhui's key monitoring of large shopping malls sales increased by 11.6%. The major e-commerce platforms adhere to the Spring Festival and do not fight, so that consumers can enjoy convenient online shopping services during the holiday season.

During the Spring Festival holiday, New Year's Eve, reunion dinner, and family and friends have become the protagonists of the food and beverage market. The dinners in Shandong, Jiangsu, Tianjin and other places are hot. The sales of key monitoring catering enterprises in Beijing increased by more than 10% year-on-year; the revenue of catering in Shaanxi increased by 21.4%.

The culture and tourism market is prosperous and comprehensive. According to comprehensive calculations, during the Spring Festival, the total number of tourists in the national tourism industry was 415 million, and the tourism income was 513.9 billion yuan. “Appreciating ice and snow in the north and enjoying the warmth in the south” has become a popular tourist choice. According to the data of China UnionPay, the spending amount of the Spring Festival holiday travel agency, scenic ticket sales, hotel accommodation and so on has increased by more than 90%. In addition, the national movie box office of the Spring Festival file exceeded 5.8 billion yuan, and the spending amount of UnionPay cards in the cinema category increased by 1.3 times.

During the Spring Festival holiday, the transaction amount of UnionPay network also exceeded 1 trillion yuan for the first time, reaching 1.16 trillion yuan, a year-on-year increase of 71.4%.

  Domestic newsletter

  China's foreign exchange reserves rose for the third consecutive month

According to data released by the State Administration of Foreign Exchange today, as of the end of January 2019, China’s foreign exchange reserves stood at US$3,087.9 billion, an increase of US$15.2 billion from the end of last month and a third consecutive month of recovery. In January, China's foreign exchange market was basically balanced in supply and demand, and cross-border capital flows were generally stable.

  A shares of the three major stock indexes rose across the board today

On the first trading day after the holiday, the three major stock indexes of A shares rose across the board today. Closing the close,Shanghai indexReported 2653.90 points, an increase of 1.36%, Shenzhen Composite Index reported 7919.05 points, an increase of 3.06%;GEMAt 1316.10 points, the increase was 3.53%.

  The first submarine cable of Hainan Network's second-phase project landed in Chengmai

On February 9, the second 500 kV ultra-high voltage, long-distance, large-capacity cross-sea networking project, and the first submarine cable of the South Main Network and Hainan Power Grid's second network project landed in Hainan Chengmai. The project is expected to be completed and put into operation in April this year. At that time, Hainan Island and the mainland will realize double-circuit line networking to further improve the reliability of power supply.

  Heilongjiang released re-construction of new business environment

Today, Heilongjiang issued a new environment for reshaping business and new 50 new regulations to reshape the new business environment, and made innovative regulations on the approval cycle and tax reduction, and clarified the optimization of the business environment. The lead unit and responsible unit of the work.

  AU summit held in Addis Ababa

The 32nd Summit of the African Union (AU) opened on the 10th at the AU headquarters in Addis Ababa, Ethiopia. The meeting actively evaluated the cooperation between China and Africa.

At the opening ceremony, the chairman of the AU Commission, Faki, said that the Beijing Summit of the China-Africa Cooperation Forum in 2018 had achieved great success and further strengthened the solidarity and cooperation between China and Africa.

Peace is of paramount importance to Africa and is the premise and guarantee for the development of the African continent. For a long time, China has actively participated in the mediation of hot issues in Africa and supported "Africans solve African problems in Africa." China actively supports the UN's peacekeeping operations in Africa. China's efforts and contributions to maintaining peace in Africa and promoting African security have been appreciated by African political leaders.

The AU Summit is the highest authority of the AU and is held twice a year.

                (Editor: DF062)

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