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the china securities regulatory commission issued a major announcement, the ministry of public security took a rare action... the top ten news that affected the market this week

2024-09-22

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1

china-u.s. economic working group holds fifth meeting

from september 19 to 20, the china-us economic working group held its fifth meeting in beijing. minister of finance lan foan briefly exchanged greetings with the us side and took a group photo. the meeting was co-chaired by deputy minister of finance liao min and us deputy treasury secretary schumber, and relevant economic departments of the two countries attended the meeting for exchanges. in accordance with the consensus reached by the leaders of the two sides in the san francisco and guangzhou talks, china and the united states had candid, pragmatic and constructive communication on the macroeconomic situation and policies of the two countries, responding to global challenges, and issues of concern to both sides.

2

public security organs strictly investigate capital market "small essays"

according to the ministry of public security's cyber ​​security bureau, the public security organs recently investigated and dealt with a case in which a self-media operator maliciously fabricated online rumors to attract fans, illegally profit, and disrupt social order. according to the investigation by the ministry of public security's cyber ​​security bureau, liu (male, 36 years old), chen (male, 46 years old), and shao (male, 26 years old) deliberately fabricated and published rumors about transfer and financing in order to gain attention, attract fans, and seek profits, misleading the public's cognition and suspected of disrupting the financial order.

3

the china securities regulatory commission has comprehensively optimized the risk control indicator system for securities firms, which may release nearly 100 billion yuan of funds

on september 20, the china securities regulatory commission issued the revised "regulations on the calculation standards of risk control indicators for securities companies", further giving play to the "baton" role of risk control indicators. the calculation standards for risk control indicators for securities companies investing in stocks and conducting market making and other businesses have been improved, and the risk control indicators of high-quality securities companies have been appropriately optimized, that is, the risk capital reserve adjustment coefficient and the conversion coefficient of total on- and off-balance sheet assets of securities companies that have been ranked at the top of the classification evaluation for three consecutive years have been appropriately adjusted, and the available stable funds have been enriched in a differentiated manner.

comment: this move is intended to support high-quality securities companies to moderately expand their capital space. it is expected to release nearly 100 billion yuan of funds, promote the effective improvement of capital utilization efficiency, and increase services to the real economy and residents' wealth management.

4

it’s about ipo! the latest notice from the china securities regulatory commission

on september 20, the csrc issued a notice to issuers and sponsors, clarifying that it will provide information query and comparison services for employees who have left the csrc system and their related relatives. sponsors engaged in coaching work can submit inquiry applications to the securities regulatory bureau in the issuer's place of registration or main place of business before the listed companies submit their coaching acceptance applications. the securities regulatory bureau will feedback the results to the sponsor within 5 working days.

5

the financial supervision administration issued a document to further strengthen the supervision of financial leasing companies

on september 20, the state financial supervision and administration bureau released the "management measures for financial leasing companies" to further strengthen the supervision of financial leasing companies, prevent financial risks, optimize financial services, and promote high-quality development of the real economy. it is understood that the measures have revised and improved the system of major investors. the minimum registered capital requirements for financial leasing companies have been raised to enhance risk resistance; three new types of major investors have been added: state-owned capital investment and operation companies, state-owned financial capital investment and operation companies, and overseas manufacturing enterprises; the market access standards such as total assets, operating income, registered capital, and the minimum shareholding ratio requirements of major investors have been appropriately raised to strengthen the shareholder responsibilities of major investors.

6

state-owned assets supervision and administration commission of the state council: within five years, central enterprises will fully establish a "scientific, rational and efficient" board of directors

on september 20, the state-owned assets supervision and administration commission of the state council stated that central enterprises will fully establish "scientific, rational and efficient" boards of directors in central enterprise groups and subsidiaries at all levels that should have boards of directors within five years, that is, by 2029. the head of the state-owned assets supervision and administration commission of the state council also stated that from now until the end of next year, the construction of boards of directors at the central enterprise groups and second-level subsidiaries must make important and substantial progress, and the board system must be more sound, the operation more standardized, and the role played more fully.

7

many banks "cut interest rates", and small and medium-sized banks intensively lowered deposit rates

a new round of deposit interest rate cuts is still ongoing! recently, many small and medium-sized banks, including xinjiang bank, nanning wuming lijiang rural bank, and longde liupanshan rural bank, have intensively announced that they will cut deposit interest rates in the near future.

comment: recently, small and medium-sized banks have cut their deposit rates, which is still a continuation of the new round of deposit rate cuts on july 25. against the backdrop of a downward trend in bank loan rates, there is still room for deposit rates to be lowered in the future in order to reduce the pressure on liability costs and enhance the sustainability of financial services to the real economy.

8

u.s. stocks rose for two consecutive weeks, and the dow jones industrial average continued to hit a new closing high

u.s. stocks closed mixed, with the three major indexes rising for two consecutive weeks, and the dow jones industrial average continued to hit a new closing high. as of the close, the dow jones industrial average rose 38.17 points from the previous trading day to close at 42063.36 points, an increase of 0.09%; the s&p 500 fell 11.09 points to close at 5702.55 points, a decrease of 0.19%; the nasdaq composite index fell 65.66 points to close at 17948.32 points, a decrease of 0.36%.

the nasdaq china golden dragon index fell 0.60%, up 3.90% last week. futu holdings fell more than 3%, nio fell more than 2%, iqiyi, weibo, vipshop, and manbang fell more than 1%, baidu, tencent music, netease, jd.com, alibaba, and pinduoduo fell slightly. xpeng motors rose more than 2%, li auto rose more than 1%, and bilibili rose slightly.

9

ipo registration and new stock status

on september 20, the china securities regulatory commission approved the ipo registration of boco testing and its listing on the shenzhen stock exchange's growth enterprise market.

this week (september 23rd - september 27th), there is only one new stock available for subscription, which is qiangbang new materials, a new stock on the shenzhen stock exchange's main board. the subscription will be available on wednesday (september 25th) this week. the subscription code is 001279. the maximum subscription requires a shenzhen stock exchange market value of 140,000 yuan.

10

this week, restricted shares with a market value of over 31.4 billion yuan will be released

data shows that this week (september 23rd - september 27th), a total of 74 companies' restricted shares were gradually released, with a total of 2.547 billion shares released. based on the closing price on september 20th, the market value of the released shares was 31.418 billion yuan.

in terms of market value of unblocked shares, the top three are: qi'anxin-u (3.754 billion yuan), kaisheng new materials (2.855 billion yuan), and power diamond (2.841 billion yuan). in terms of the proportion of unblocked shares, the top three are: shanghai harbor (68.42%), wanshili (61.75%), and kaisheng new materials (59.79%).