Macro
[The 19th National Congress will be held in the Great Hall of the People this morning]
The closing ceremony of the 19th National Congress of the Communist Party of China is scheduled to be held in the Great Hall of the People on the morning of October 24. (People's Daily)
[People's Daily Overseas Edition: China's property market regulation and control objectives are not shaken and control efforts are not relaxed]
Relevant persons pointed out that at present, the effect of real estate regulation and control has gradually appeared, the property market has cooled down, and the overall operation is relatively stable. Under the guidance of the principle of "staying in the house is to live, not to be used for speculation," the regulation will not be relaxed. The long-term mechanism of real estate is also being researched and formulated. These will jointly promote the return of housing to residential properties and promote the stable and healthy development of the real estate market.
[The coal market in the fourth quarter is expected to maintain a tight balance in the profitability of coal companies]
On October 23, the latest CCTD Qinhuangdao thermal coal price data showed that spot thermal coal prices generally declined slightly. At the same time, the price of anthracite in Xuzhou and coking coal in Tangshan area showed a steady decline. Analysts said that the recent decline in demand, supply has increased significantly, and the tight supply and demand situation in the coal market has temporarily eased. However, supply and demand in the fourth quarter remained in a tight balance. Coal prices fluctuated at a high level, and coal companies' third- and fourth-quarter results are expected to continue to grow. (China Securities Journal)
[Experts believe that the future funds fabrics maintain a tight balance]
The People's Bank of China has achieved net delivery for six consecutive trading days. Since then, according to the reverse repurchase caliber, the central bank has accumulatively invested 780 billion yuan in the market since the 13th of this month. In this regard, industry experts said that this week's market liquidity may be disturbed by factors such as tax payment, deposit, and end-of-month effects, but the future capital fabrics will maintain a tight balance. (Economic Information Daily)
[Multi-channel policy intensively promotes the effectiveness of deleveraging]
The report of the 19th National Congress of the Communist Party of China proposed to improve the financial supervision system and maintain the bottom line of systemic financial risks. The 19th National Congress and industry insiders said that the deleveraging policy is an important part of the supply-side structural reform, and it is one of the important measures to eliminate the hidden dangers of financial risks at this stage. At present, multiple policy initiatives, including corporate deleveraging and suppression of the residents' sector's excessive and leverage, are intensively promoted and have achieved initial results. In the future, China's risk management tasks will still focus on de-leveraging. (Economic Information Daily)
the company
[Beinmei is planning to participate in health insurance companies and was asked about the industry: it is difficult to issue new insurance licenses in the short term]
A few days ago, the Shenzhen Stock Exchange sent a letter of inquiry to Beinmei concerning the company's participation in the establishment of Huada Health Insurance Co., Ltd. The Shenzhen Stock Exchange asked Beinmei to explain the relationship between the insurance business and the company's existing business, the progress so far and the main reasons for participating in the establishment of insurance companies. According to Beinmei's reply, participating in Huada Health Insurance is beneficial to its own rich recommendation channels, and better and more accurate access to customer resources. The overall information of the project has been submitted to the CIRC and accepted. However, the current issuance of insurance licenses has become stricter, and the road to approval of this health insurance company is bound to be long. According to Hao Yansu, a professor at the Central University of Finance and Economics, "At least until this time next year, there may not be a new license." (Daily Economic News)
[Unicom's first change in the mixed-reform: the "competition" cloud service with Tencent Ali]
Since the beginning of this year, the reform of state-owned enterprises has become a hot spot of attention in the capital market. On October 20th, China Unicom announced that it will open up cloud computing resources with Tencent and Alibaba, and carry out in-depth cooperation at the cloud business level. This cooperation is also the first major business cooperation with the Internet companies in the business field after China Unicom's mixed-reform program has been approved by the regulatory authorities. According to the previously announced mixed-reform plan, Tencent invested 11 billion yuan, and Alibaba invested 4.325 billion yuan, accounting for 5.18% and 2.04% of China Unicom's total shares, respectively. China Unicom said it will jointly build a cloud data center with Tencent, and cooperate online and offline. According to industry insiders, the announcement of Unicom's cooperation with Internet companies means that the implementation of hybrid reform is accelerating. As for the cooperation and competition between the three parties in the cloud service field, the industry believes that operators are more concerned about the productization capabilities and corresponding technologies of Tencent and Ali, while China Unicom's online channels, government and enterprise customers, and communication infrastructure. The advantages of the field also attract Internet giants. (Daily Economic News)
[Lithium hexafluorophosphate 6 months price decline test the performance of a number of listed companies]
Statistics show that the price of raw material lithium hexafluorophosphate, which accounts for 70% of the cost of electrolytes (one of the four key materials of power batteries), began to fall from the peak of March this year, from March 2017 to 350,000 yuan / ton It fell to 150,000 yuan/ton in September 2017, a drop of 57.14%. The decline in the price of lithium hexafluorophosphate has also affected the relevant listed companies to a certain extent. Polyfluoride expects net profit attributable to the whole year of 2017 to fall by 20% to 50% year-on-year. Beckang's net profit for the first three quarters was approximately 690 million yuan, down 9.96% year-on-year, and non-net profit was down 43.07% year-on-year. (Daily Economic News)
[Securities Times: Chinese companies have two major advantages in going public in the US]
On the one hand, it is conducive to the development of these Chinese companies. On the other hand, Chinese companies choose to go overseas to list (including going to the US), which will help reduce the pressure on the IP market in the A-share market. There is a narrow understanding that companies going public overseas are the loss of quality listed resources. On this issue, we need to take a comprehensive view. On the one hand, not all companies listed overseas are high-quality companies; on the other hand, even if some high-quality companies go public overseas, it is also conducive to establishing a good image of Chinese-funded companies in the international market.
market
[IPO corporate clearing "three types of shareholders" policy to be further clarified]
When many new three-board enterprises set off an IPO boom, they found that they encountered a roadblock in the IPO journey, that is, the "three types of shareholders." Although the regulatory authorities have not set a differentiated treatment policy for “three types of shareholdersâ€, so far, there are no clear policy measures to solve the problem, and the market is in a groping period. Recently, a number of IPO companies have cleared “three types of shareholders†to shorten the queuing speed and increase the rate of meetings. An investment banker who has been engaged in the New Third Board business for a long time said that the shareholding structure of the listed companies should not be too complicated. For the sake of insurance, the “three types of shareholders†with low shareholding ratio can be transferred to the same structure of the partnership or directly transferred to The natural person's way of solving the listing "blocking the tiger", and the "three types of shareholders" with a high proportion of shares still need to wait for the next policy. (Securities Times)
[The overall configuration of insurance institutions is relatively balanced, optimistic about the performance of cement stocks in the fourth quarter]
A number of mainstream insurance institutions in Beijing and Shanghai said that it is expected that the market will continue to fluctuate in the medium term. However, considering the recent increase in some sectors, the short-term market may fluctuate, but the adjustment is relatively limited. In terms of industry, the overall configuration of the insurance institutions surveyed was relatively balanced. Among them, a number of insurance institutions talked about, optimistic about the performance of cement stocks in the fourth quarter. (Shanghai Securities News)
[Some new shares were favored by the fund in the third quarter]
Under the normalization of new share issuance, the speculative speculation of sub-new shares has changed significantly, and the market's value investment ethos has become increasingly strong. Some new shares are still able to obtain investor recognition from the fundamentals. According to the statistics of the reporters, as of October 23, 26 new stocks listed this year have been disclosed in the third quarterly report. Among them, 18 of the top ten tradable shareholders at the end of the third quarter have public funds or private placements. Yantong Communication, Jianghuawei, Chuanyi Technology, Piano, etc. all have public and private placements to buy positions. (Securities Times)
[The first fund three quarterly report released the fund manager to significantly adjust the position]
The Red Earth Innovation Fund is the first to announce the third quarter report of its fund. The report shows that the company's red clay innovation emerging industry fund in the third quarter of the large-scale adjustment, heavy storage in the second quarter of non-ferrous metals, textiles and clothing industries, and in the third quarter, heavy lifting of electronics, cement manufacturing, real estate and other stocks. At the end of the third quarter, the stock position reached 90%. The company has significantly increased its shareholding in Kairun, and has newly entered Hualu Hengsheng, Oufeiguang, Huaxin Cement, Conch Cement, Xusheng Shares, Xinwei Communication, Weichai Power, Vanke A and other stocks. In the second quarter, Huayou Cobalt, Luoyang Molybdenum, and Ge Lisi are no longer among the top ten stocks. (Securities Times)
International
[The three major US stock indexes fell from the record high, the Dow ended the trend of six days in a row]
On Monday, the S&P 500 closed down 10.23 points, or 0.40%, to 2,564.98 points. The Dow Jones Industrial Average closed down 54.67 points, down 0.23% to 23,273.96 points. The Nasdaq Composite Index closed down 42.23 points, down 0.64%. At 6586.83 points.
[Allegedly colluding with monopoly Germany's three major auto giants headquarters were searched by the EU]
After being suspected of secretly colluding with the implementation of monopolistic behavior, following the BMW company, Volkswagen and Daimler’s corporate headquarters of Germany’s three major auto giants were also searched by investigators sent by the European Union. The European Commission confirmed the news on the 23rd. The European Commission said that it was suspected that several German auto companies had violated EU anti-monopoly regulations, and they sent officials to the relevant German automakers' premises for investigation on the 23rd and the previous week. According to German media reports, the survey included three of Germany's largest auto giants: BMW, Daimler and Volkswagen. A Daimler spokesperson told the media that the company is accepting relevant investigations arranged by the EU. Volkswagen said that in the investigation, the European Commission reviewed its documents at the Wolfsburg headquarters. Audi, the popular subsidiary of Ingolstadt, is also covered by the investigation. (Refer to the news network)
[Foreign media: data fraud scandals cast a shadow over Kobelco’s profit forecast]
According to foreign media reports on the 23rd, Japanese steel company Kobe Steel is considering withdrawing its profit forecast for this fiscal year, because the company is still unable to determine the impact of the data fraud scandal. According to the report, as the third largest steel company in Japan, Kobe Steel previously predicted that the company will make a profit in the fiscal year ending March 2018, and the previous two years were losses. But the recent data fraud scandal has cast a shadow over this prediction. (China News Network)
[Reporting that there are 1.1 billion invisible people in the world. Most live in Africa and Asia]
Foreign media said that there are 1.1 billion "invisible people" in the world. They do not have any identification documents and therefore do not exist in law at all and cannot enjoy any health and education services. According to a report by the Singapore Lianhe Zaobao website on October 23, the World Bank’s “identification development plan†(ID4D) said that most of these people live in Africa and Asia. This is especially true in places facing poverty, discrimination, epidemics or armed conflict. According to the report, Desai, the head of the ID4D program, said that there are many reasons for this phenomenon. The main reason is the distance between the government agencies in the developing regions and the areas where the people live. In the case of the Peruvian Amazon forest, it may take five days to take a boat to the nearest administration. (Refer to the news network)
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