oiibeats

[oiibeats 2023] The first batch of personal pension wealth management products launched

Thu, 16 Feb 2023 08:43:45 +0800

A few days ago, the Bank Wealth Management Registration and Retention Center published the first list of ICBC Wealth Management, China Agricultural Bank Wealth Management and China Post Wealth Management's pension wealth management products and seven pension wealth management products. officially launched. In the first case of personal pension asset management products, 5 newly launched products and 2 existing products are all publicly offered products. Except for 1 product, which is a mixed product, the remaining 6 products are all bond products.

According to the report, financial products that pension fund account funds can invest in include bank asset management, savings, commercial pension insurance, and sovereign wealth funds. The sale of Tier 1 personal pension asset management products means that pension investors can officially purchase wealth management products through individual pension accounts.

To support the stable development of personal pension investment and asset management product businesses, the Bank Wealth Management Registration Center has established an industry information platform for pension asset management products and established a system with the personal pension information management service platform. Department of Human Resources and Social Security and Commercial Banks, Wealth Management Companies and Other Institutions Docking, Wealth Management Platform was launched on November 5, 2022.

According to the person in charge of the Wealth Management Registration Center, the wealth management industry platform mainly provides integrated data sharing services, centralized registration, and a single offer for individual pension investment and wealth management product trading. In the next step, the asset registration center will improve the construction of the wealth management industry platform in accordance with regulatory requirements, do a good job in educating investors, and publish and update the list of personal pension wealth management products and continue to publish. Policies and business trends of Chinese wealth management websites.

[oiibeats 2023] more than 200 listed companies issued merger & reorganization announcements

Thu, 16 Feb 2023 08:42:48 +0800

The M&A stock market was active. According to iFinD's Flush statistics, 236 listed companies have made M&A-related disclosures throughout the year as of February 9, based on the initial disclosure date.

Many industry insiders said that optimizing M&A policies and confidence in economic recovery were the main reasons for revitalizing the market. In the context of the full-fledged implementation of the stock issuance registration system, the M&A and reorganization market is expected to become more active this year, and it is expected to play a greater role in improving the efficiency of resource allocation and facilitating the livelihood of market participants. . Improve the quality of listed companies.

Market confidence is getting stronger

In recent years, our country's M&A and reorganization market has generally stabilized and improved, and its vitality and influence are increasing. The role of major channels in M&A and reorganization in the capital market is gradually becoming visible.

Tian Lihui, dean of Nankai University's Institute of Financial Development, believes that a company's share price may be below intrinsic value when the stock market is at a low level. During this period, merger and acquisition costs are low. Accelerate market activity. At the same time, expectations for economic recovery often lead to a rise in the stock market, increasing the possibility of corporate mergers and acquisitions (M&A). In addition, the market-oriented reform of the core mergers and acquisitions system continued to deepen in the past two years, attracting more listed companies to improve competitiveness through mergers and acquisitions.

Chen Li, Director of Chuanchai Securities Research Institute, said that the increased willingness of listed companies to merge and reorganize is mainly due to the continuous improvement and improvement of policies in recent years. We are willing to do mergers and acquisitions.

In October 2020, the State Council issued "Thoughts on Improving the Quality of Listed Companies" and proposed that the role of the capital market as a key channel for mergers and acquisitions should be fully implemented, and listed companies should be able to revive. quality and efficiency improvement, change and development; In November last year, the China Securities Regulatory Commission issued the "Three-year Action Plan for Improving the Quality of Listed Companies (2022-2025)", which proposed further optimizing the capital market financing system and improving the merger and reorganization control mechanism. I did. , improve the integration of industry and supply chains.

By optimizing and coordinating measures to prevent and combat the epidemic and continuing to implement a series of political measures to stabilize the economy, our country's economy will recover. According to market analysts, the economic recovery raises companies' good expectations for future growth, and when confidence rises, more companies will accelerate resource integration.

[oiibeats 2023] Loans issued to the real economy in January

Thu, 16 Feb 2023 08:40:10 +0800

According to the latest data released by the People's Bank of China, at the end of January, China's RMB loans increased by 4.9 trillion yuan, an increase of 922.7 billion yuan over the same period last year. The balance of our country's domestic and foreign foreign currency loans was 224.8 trillion yuan, an increase of 10.6% over the previous year. RMB loan balance was 219.75 trillion yuan, an increase of 11.3% over the previous year. And the growth rate was 0.2 percent higher than at the end of last month.

In terms of deposits, domestic RMB deposits increased by 6.87 trillion yuan in January, up 3.5 trillion yuan year-on-year at the end of January. Domestic and foreign currency deposits were 271.39 trillion yuan, an increase of 11.9% over the previous year. The RMB deposit balance was 265.39 trillion yuan, up 12.4% year-on-year, up 1.1% each from the end of last month and 3.2% from the same period last year.

According to preliminary statistics, China's social finance scale increased by 5.98 trillion yuan in January. RMB credit to the real economy increased by 4.93 trillion yuan, up 730.8 billion yuan year-on-year at the end of January. China's social finance scale reached 350.93 trillion yuan, an increase of 9.4% over the previous year. RMB credit balances issued to the real economy were 218.19 trillion yuan per year, an increase of 11.1% over the previous year.

At the end of January, Korea's popular currency balance (M2) based on money supply was 273.81 trillion yuan, up 12.6% from the previous year. The growth rate was 0.8 percentage points and 2.8 percentage points higher than the end of the previous month and the same period last year. Small balance (M1) was 65.52 trillion yuan, up 6.7% year-on-year. The growth rate was 3 percentage points and 8.6 percentage points higher than at the end of last month and the same period last year. This month's net cash was 997.1 billion yuan.

[oiibeats 2023] Experts recommend accurate drainage through online platforms

Thu, 16 Feb 2023 08:39:25 +0800

Many couples choose to "Stagger to the top" to celebrate their upcoming festivities. From February 11th, consumption sites such as sightseeing, hotels, and gift shopping in the surrounding area. And eating out is getting hotter.

Gao Chengyuan, founder of Overlook Marketing Consulting, told Securities Daily reporters that the pandemic was concentrated in the romantic economy at the time. Areas focused on “local + surroundings” and “accommodation + gifts” drive of female-centered decision-making and needs adapted to consumption characteristics.

According to Meituan data, in terms of traditional flowers for gifts, as of February 13th, the search volume for 'Valentine's Day flowers' increased by 776% compared to the same period last year, an all-time high

In addition to flowers, this year's holiday gift exchange also has practical and e-commerce characteristics. According to the "Survey of Valentine's Day Consumption Behavior in Western China" released by iiMedia Consulting this year, more than 80% of users said that more than 50% of consumers "spend a lot of money on love". , 39.6% of surveyed users accounted for the highest percentage with holiday gift budgets between 501 yuan and up to 1000 yuan, while 30.1% of the users interviewed said they would buy gifts online, and the number of users interviewed 56.1% said they would buy gifts both online and offline.

In addition to gift exchange, the romantic economy also covers the growing consumption situation. According to Meituan, as of the evening of February 12, the number of advance ticket reservations for February 14 scenic spots increased by 47% over the previous year. And last weekend, the number of ticket reservations containing the word 'double ticket' increased by more than 1% and 300% compared to the same period last year.

Zhou Mingqi, founder of Jingjian Think Tank, an industrial economics consulting organization. Against the backdrop of this year's consumption recovery, he told a reporter from the Securities Daily. Couple consumption market, parent-child consumption will be quite good. This type of customer group is still the group with the highest purchasing power.

Zhou Mingqi said that at present, our country's main holiday season consumption market is still the traditional two-day long holiday of "Spring Festival + National Day", which explains the flow and consumption of "Spring Festival + National Day". .The annual number of passengers is quite large, and Gao Chengyuan believes in properly promoting festival consumption. In terms of better drainage, you will have to adapt to the younger user's catalysis. Accurate water drainage with short videos, turf stands and life stands.

[oiibeats 2023] Show the development of the stock market between entering and exiting

Thu, 16 Feb 2023 08:38:16 +0800

Creating a stock market with a sustainable and sound development ecosystem of survival of the fittest, discarding the old and absorbing the new, should be the main goal pursued by all parties in the Chinese capital market. To achieve this goal in the Chinese stock market, the first step is to understand the positive interaction between the "entry gate" of an IPO and the "exit gate" of a listed company delisting. The institutional design and implementation of single entry and single exit should accelerate the normalization of the "metabolism" of China's capital market, which is a positive cycle opened by the mechanism of good money driving out bad money. As they say, advancing and retreating go hand in hand. Check out how the stock market is doing.

As the reorganization of the stock issuance registration system began in earnest on February 1 of this year, the reorganization and development of the capital market created a new phase. At this point, news broke out in the market today that *ST Kaile has been suspended and delisted. *ST Kaile is also the first stock to be removed in 2023.

As you all know, the delisting system is a key core system in the capital market. A stock market showing healthy growth within a good range and a group of listed companies that reflect the demand for qualitative growth need not only good 'earnings' but also 'good entry' to continuously inject fresh water into the market. "Contributes to the systematic liquidation of equity risk without hindrance exit". Therefore, the Party Central Committee and the State Soviet have always appreciated the reform of the capital market system. In this regard, the controlling body has also made a lot of effort.

At the beginning of 1993, the "Company Law" adopted the relevant provisions on the elimination of listed companies, and the delisting system was initially formed. In 2012, the China Securities Regulatory Commission began reforming the delisting system. In 2014, the China Securities Regulatory Commission issued "Several Opinions on the Reform, Improvement and Strict Implementation of the Delisting System for Listed Companies", further distinguishing between voluntary and compulsory delisting, and setting indicators for major illegal delisting. I did. In 2018, the China Securities Regulatory Commission revised several opinions on delisting and strengthened the listing of "zombie companies" and companies with severe financial conditions and long-term losses. However, according to the results of actual operation, it can be concluded that the long-standing problem of "difficulty in deregistration", which has worried the capital market of our country for a long time, has not been completely resolved. , etc.

On December 31, 2020, the Shanghai and Shenzhen Stock Exchanges officially announced new delisting rules that will come into effect on the same day. The strictest new listing rules in Chinese capital market history have been announced. New rules are enforced and their power is gradually revealed. According to Oriental Fortune Choice statistics, the number of compulsory delisting companies after the implementation of the delisting regulations was 17 in 2021 and 42 in 2022, the largest ever. The 59 delisted companies accounted for 40% of the total number of delisted companies in the A-share market over the past 30 years. In 2019 and 2020, only 11 and 16 companies exited, respectively. These data indicate that the new delisting provision has broken the deadlock of “problem delisting”. In particular, in the past two years, the 'diversification' exit mechanism has been working, and the Chinese capital market will remain through 'three parties', that is, 'one party restructuring, party reorganization, and party abolition'. Get the most relevant and new items. The route is clearly marked. It can be said that the establishment of the list liquidation mechanism proposed at the 5th Plenary Meeting of the 19th Central Committee of the Party has been largely established.

[oiibeats 2023] During the year, 27 companies voluntarily withdrew their listing applications

Thu, 16 Feb 2023 08:37:21 +0800

Of the 27 companies that voluntarily withdrew orders, 4 plan to list on the Science and Technology Innovation Committee, 14 on the Growth Business Market, 2 on the Beijing Stock Exchange, and 7 on the Shanghai. And Shenzhen Motherboard website

AVIC Fund chief economist Deng Haiqing told "Securities Daily" reporter that from the perspective of this year's situation, there are four main reasons why companies voluntarily withdraw orders. Doubts about the ability to operate sustainably, compliance with notices, problems with compliance, disclosures that are not true, accurate or complete, or problems with the financial statements and revenue recognition of the company, etc.

In addition, one company on the main board of the Shenzhen Stock Exchange and another in the growth company market will be rejected from the IPO, mainly focusing on financial issues and positioning in the sector. If Zhuohai Technology's GEM IPO is rejected, the GEM Listing Committee meeting will consider that the issuer has not described the characteristics. In the industry situation, it is completely "three innovations and four innovations". Inadequate descriptions of matters that do not comply with the GEM's placement requirements, which will not comply with the relevant regulations and will have a material adverse impact on the continued operation.

Recently, Kedu Electric voluntarily withdrew its IPO from the Growth Enterprise market, sparking another heated debate in the market. In October of last year, the China Securities Regulatory Commission issued the fourth series of publicly announced quality lottery tickets for companies issued in 2022, including Kedu Electric, Dacheng Precision and Kedu Electric. Botao Intelligent won the prize draw, among which Dacheng Precision and Bo Tao Intelligent withdrew. It applied for an IPO in November of last year, and Kedoo Electric withdrew its application in February of this year.

In addition, on January 6 this year, the China Securities Regulatory Commission conducted a quality lottery for the first issuer disclosure in 2023, and five companies, including the Cashmere family, were drawn. According to the latest information on the website of the China Securities Regulatory Commission, Cashmere Family withdrew its IPO application from the main board of the Shenzhen Stock Exchange on February 6.

Market participants not only include the issuer's idea of "retract after one investigation" but also have issues with loose intermediary audits and poor execution quality.

Chang Chunlin, founder and partner of Beijing Liwu Investment Management Co., Ltd., told "Securities Daily" reporter behind the scenes: It cannot be ruled out that some projects had "diseases" at the same time. Both the awareness of interim audit gatekeepers and the quality of their practices need to be improved.

Zhou Jianhua, a strategist at Zhongyuan Securities, told Securities Daily reporters that the "one investigation and then deletion" reflects how lucky both the company and the brokers were planning the posting. Sponsors do not have strict quality control.

“'Study once and remove' shows that some issuers and brokers are not fully aware of their responsibilities. And it is not operated to comply with the law and protect the rights and interests of investors. And there are risks like counterfeiting and credit disclosure violations.” Deng said the reason is that some companies planning to go public have an inappropriate attitude. It does not start with enhancing its own business performance and technological innovation capabilities. And then there's the side idea of cheating. Or investment banks' quality law firms and accounting firms are not high, and material audits are inappropriate and rigorous, even conducive to concealment and concealment.

[oiibeats 2023] Strictly abide by the three red lines and three principles

Thu, 16 Feb 2023 08:22:53 +0800

When reporting on the 2022 case a few days ago, the China Securities Regulatory Commission once again highlighted the topic of "false market price management". Some entered into “fake cigar management” contracts with manipulation groups and provided funds to their employees. . , and securities accounts participate in the operation.

As the name "Similar Market Value Management" suggests, managers and major shareholders of listed companies use brokers, traders, money distribution intermediaries (investors), other institutions and individuals, capital, stocks, information, and other advantages to determine the company's stock price. and helps the effective manager or major shareholder to reduce the stock at a higher price in a short period of time.

In a broader sense, "Pseudomarket Value Management" is a form of market manipulation. Looking at the specific behavior of the manipulation, compared to general market manipulation, “similar market price management” has clear characteristics. , Commonly known as "joint management" This is also the most prominent feature of "false cigar management". Second, "fake market price management" sometimes includes illegal disclosure of information. To cooperate with rising stock prices, listed companies can optionally post "good" disclosures in the short term, such as project values or R&D capabilities. . It exaggerates the company and raises investor expectations of the company. After all, "pseudo market value management" often has a "commitment contract", and traders usually develop a corresponding market value management plan or memorandum.

Against this type of behavior, the Securities Supervision Department acted in a timely manner and worked closely with national security authorities to combat it and effectively clean the ecosystem of the market.

In fact, from the point of view of market price management itself, it is a solution to the problem of price and value variance and a means to improve the quality of listed companies. That is, in the context of legal and regulatory compliance, use capital market tools to reasonably improve the company's management and governance level, improve core competitiveness, and improve the quality of listed companies. Stock repurchases, mergers and acquisitions, and equity incentives are all common methods of managing market value.

But some people use it to do wrong. Like the emergence of 'pseudo market value management', the root cause is that the controlling shareholders and actual managers of listed companies do not have a strong sense of compliance with laws and regulations and do not respect the market and investors. .

In recent years, due to the promulgation and implementation of the new securities law and criminal law amendment bill (No. 11) and free channels of civil litigation, the cost of illegal market price manipulation, such as 'false price manipulation', has increased significantly. In addition to the administrative penalties imposed by the CSRC, additional criminal and civil penalties may be imposed.

Breaking the rules and regulations can see you paying a lot of money. Once again, we ask the major shareholders and managers of listed companies to strictly adhere to the "three red lines" and "three principles", understand the correct market value management method, use capital market tools in relation to compliance with laws and regulations. We enhance the quality of listed companies.

[oiibeats 2023] The queuing time for "early loan repayment" may be shortened

Thu, 16 Feb 2023 08:20:48 +0800

From the end of 2022, 'early payment' is nothing new. Then came the debt repayment problem. In an era of low interest rates, banks and homebuyers at both ends of the mortgage levers are faced with new choices.

When the new year begins, most people pay their debts in advance and wait in line. Choosing to pay off early is, of course, lowering the interest rate by saying "I don't want to work at the bank anymore." This is a common answer many homebuyers give as to why they pay off their loans early. They raise money in a variety of ways: some donate their own capital, some borrow from relatives and friends, some sell gold and other precious metals to pay off their home loans, and some pay off their home loans through real estate agents. reimburse. Change your home. Business loans to reduce home loans.

A few years later, when Zhengzhou started the first rate cut, there was a wave of home loan cuts in several cities, and according to incomplete statistics, 30 cities, including Tianjin, have now cut their basic loan minimum rates. , Xiamen and Fuzhou. In second-tier cities such as Changchun and Shenyang, the old loan ratio is higher than the new loan ratio. The internal balance of existing customers has also led residents to pay their loans in advance. Or reduce your home replacement costs by replacing your home with a lower mortgage interest rate. Debt reduction can also provide residents with a greater sense of security. There are many articles and memes on social networks sharing experiences of paying off debt and how to pay it off in a more economical way. For example, which bank is better for prepay repayment, which has a shorter waiting period, which time is better for repayment, and so on.

Today, the "pre-loan repayment curve" is becoming increasingly unstable, but banks have quietly built various "dams". Some homebuyers told reporters that early payments scheduled for the beginning of the year had to be made by April, and some banks were lining up by the end of the year. The cancellation fee charged by the bank is also a significant burden.

As well as "queues", some banks' mobile prepaid banking channels were quietly closed. This is because the system update feature is temporarily blocked or background updates are temporarily disallowed.

This circumstance caused heated debate among buyers. Early refund request channels are no longer available on some banks' APPs. The early repayment “threshold” for homebuyers has quietly increased. Some people say that there are many inconveniences due to the offline function, but if people who work elsewhere want to pay off the loan in advance, they have to go to the place where the loan bank is located. Some networks have said that they have never been so concerned about "system upgrades" and have not experienced banking "system upgrades" in a long time.

According to a recent study by Shanghai Securities News, queues for "early payment" at major banks in the Shanghai region have shortened somewhat, but still require 20 days at the earliest.