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Thinking Financial Report | China Securities Regulatory Commission publicly solicits opinions on relevant rules and regulations of overseas listing

Original title: Thinking Financial Report | China Securities Regulatory Commission Publicly Solicits Opinions on Relevant Rules and Regulations for Overseas Listings

The China Securities Regulatory Commission publicly solicits opinions on relevant systems and rules for overseas listing; the Monetary Policy Committee of the Central Bank holds a regular meeting in the fourth quarter of 2021; the central bank and other departments jointly issued the plan for Chengdu and Chongqing to jointly build a western financial center; Ant Consumer Finance increased its capital by 22 billion giants collectively shot China Cinda 6 billion won; next week there will be a total of 7 new shares issued for subscription; 87 companies have lifted the ban on restricted shares one after another.

Shanghai and Shenzhen: A-shares continued to close on the weekly line. This week, the Shanghai Index, Shenzhen Component Index and ChiNext fell by 0.39%, 1.12%, and 4.00%. The turnover of the two markets was 5,432.09 billion yuan, down 6.71% from last week. The Shanghai stock market’s weekly line has two consecutive negatives, sticking to 3,600 points and staying close to the 5-week moving average; the GEM weekly line has fallen for three consecutive times, following the 5-week break last week, this week it fell below the 10-week, 20-week, and 30-week moving average. This week, the infinite anti-drawing of A shares failed, and the period of phase adjustment was extended. Next week, the closing of the year will continue the adjustment. The market will test the support of 3,600 points and the 30-day moving average. The GEM index has broken again and cannot recover 3300 points in the short term. Increase; this adjustment does not change the long-term upward trend, and is poised to rebound in the first quarter of next year. Operationally, control the risk of light storage, maintain the profit that has been made during the year, and wait for the confirmation of the phased bottom, and the iconic Yangxian will regain its bargaining layout.

Weekend major financial news

1、The Monetary Policy Committee of the Central Bank convenes the regular meeting of the fourth quarter of 2021

The regular meeting of the Monetary Policy Committee of the People’s Bank of China for the fourth quarter of 2021 (the 95th in total) was held in Beijing on December 24. The meeting analyzed the economic and financial situation at home and abroad. The meeting held that since this year, my country has coordinated the promotion of epidemic prevention and control and economic and social development, effectively implemented macroeconomic policies, and maintained a leading global position in economic development and epidemic prevention and control. The prudent monetary policy maintains continuity, stability and sustainability, scientifically manages market expectations, strives to serve the real economy, and effectively prevents and controls financial risks. The dividends of the interest rate reform of the loan market quotation continued to be released, the transmission efficiency of monetary policy was enhanced, the loan interest rate was stable with a decline, the RMB exchange rate was expected to be stable, the two-way floating flexibility was enhanced, and the function of a macroeconomic stabilizer was exerted.

2. The central bank and other departments jointly issued the plan for Chengdu and Chongqing to jointly build a western financial center

In order to implement the spirit of General Secretary Jinping’s important speech at the sixth meeting of the Central Committee of Finance and Economics and the decision and deployment of the Party Central Committee and the State Council on promoting the construction of the Chengdu-Chongqing dual-city economic circle, give full play to the geographical advantages of the Chengdu-Chongqing dual-city economic circle , Industrial advantages, resource advantages, and ecological advantages. According to the requirements of the “Chengyu Region Two-city Economic Circle Construction Planning Outline”, Chengdu and Chongqing will be built into the west, facing East Asia, Southeast Asia, and South Asia, and serve the countries and regions of the “Belt and Road Initiative”. The western financial center of the Chengdu-Chongqing area will accelerate the construction of the twin-city economic circle in the Chengdu-Chongqing region, and create an important growth pole and new source of power for high-quality development. This plan is formulated.

3. The China Securities Regulatory Commission publicly solicits opinions on relevant systems and rules for overseas listing

In order to promote the standardized and healthy development of enterprises using overseas capital markets and support enterprises to go public overseas in compliance with laws and regulations, in accordance with the Securities Law of the People’s Republic of China, the China Securities Regulatory Commission, in conjunction with relevant departments of the State Council, issued the “Special Provisions of the State Council on the Overseas Offering and Listing of Shares by Limited Companies “(State Council Order No. 160) proposed amendments, researched and drafted the “Regulations of the State Council on the Administration of Domestic Enterprises’ Overseas Issuance and Listing of Securities (Draft for Solicitation of Comments)” (hereinafter referred to as the “Administrative Regulations”), and drafted the “Administrative Regulations” simultaneously. The Administrative Measures for the Recordation of Overseas Securities Issuance and Listing by Domestic Enterprises (Draft for Solicitation of Comments) (hereinafter referred to as the “Recording Measures”), as a supporting rule of the “Administrative Regulations”, is now soliciting public opinions from the public.

4. Shanghai Stock Exchange: The threshold for individual investors participating in China’s depositary receipt business is lowered to no less than 500,000 yuan

The Shanghai Stock Exchange solicits opinions on the “Interim Measures for the Listing and Trading of Interconnection Depositary Receipts between Shanghai Stock Exchange and Overseas Stock Exchanges” and supporting business guidelines. The revised “Interim Measures” are appropriate for individual investors participating in China’s depositary receipt business The standard has been adjusted. The average daily assets in the securities account and capital account 20 trading days before the opening of the application authority will be reduced from no less than 3 million yuan to no less than 500,000, and the need to participate in securities transactions for more than 24 months, other requirements constant.

5. The central bank: safeguarding the legitimate rights and interests of housing consumers to better meet the reasonable housing needs of buyers

The regular meeting of the Monetary Policy Committee of the People’s Bank of China for the fourth quarter of 2021 (the 95th in total) was held in Beijing on December 24. The meeting pointed out that to safeguard the legitimate rights and interests of housing consumers, to better meet the reasonable housing needs of buyers, and to promote the healthy development and virtuous circle of the real estate market. Promote high-level two-way opening up of finance, and improve economic and financial management capabilities and the ability to prevent and control risks under open conditions.

6. Ant Consumer Finance increased its capital by 22 billion and the giant collectively shot China Cinda to win 6 billion

According to the announcement of many companies such as China Cinda on December 24, Chongqing Ant Consumer Finance Co., Ltd. (hereinafter referred to as Ant Consumer Finance) issued additional registered capital of 22 billion yuan to all capital increase subscribers. After the capital increase is completed, the registered capital will increase from 8 billion yuan to 8 billion yuan. 30 billion yuan. A number of companies participated in this investment, including Ant Group contributed 11 billion yuan; China Cinda contributed 6 billion yuan; Yuyue Medical contributed 1.098 billion yuan; Sunny Optical, Boguan Technology, and Yufu Capital invested 1.8 billion yuan and 13.22 billion respectively. 100 million yuan and 780 million yuan.

7. Shanghai Stock Exchange: This week, it will focus on monitoring of stocks with severe abnormal fluctuations such as *ST Chengxing.

This week (December 20 to December 24, 2021), the Shanghai Stock Exchange has adopted written warnings and other regulatory measures against 88 abnormal securities trading activities such as pushbacks, suppression, false declarations, and so on. We conducted key monitoring of stocks with severe abnormal volatility such as *ST Chengxing, and implemented strict supervision measures such as suspension of investor account transactions in accordance with strict regulations on 54 abnormal trading behaviors that aggravated abnormal volatility, misled investors’ trading decisions, and affected market trading order; Special inspections were conducted on 10 major issues of listed companies, and clues to 2 suspected violations of laws and regulations were reported to the China Securities Regulatory Commission.

8、Baidu’s first meta-universe “Greetings” selects Nvidia as its partner and the two sides jointly build “AI meta-universe”

Baidu and NVIDIA have reached an agreement to jointly build an AI meta-universe. At the Baidu Create2021 (Baidu A丨 Developer Conference) to be held in Beijing tomorrow (December 27), Baidu will release the first domestically produced meta-universe product “Hirong”. Raymond Teh, NVIDIA Global Vice President and Asia Pacific President, will be invited Attended and delivered a keynote speech on “NVIDIA and Baidu Join Hands to Create an AI Metaverse”. In November of this year, Nvidia officially launched Omniverse. Compared with the application layer of games and social networking, Nvidia is more inclined to the bottom layer of Metaverse hardware, constructing the technology platform base of virtual space. (Science Innovation Board Daily)

Trader Raiders next week

1. Hot spot prospects

December manufacturing PMI data will be released

On December 31, the National Bureau of Statistics will announce December manufacturing PMI data. The manufacturing PMI data in November recorded 50.1%, an increase of 0.9 percentage points from the previous month, above the threshold, and the manufacturing industry returned to the expansion range. Zhang Liqun, a special analyst of the China Federation of Logistics and Purchasing, said that the PMI index rebounded significantly in November and returned to above the line of prosperity and decline, indicating that China’s economy has begun to return to a full recovery trend.

Next week, the central bank’s open market 50 billion yuan reverse repurchase funds expire

Next week (December 27th-31st) is the last week of 2021. A total of 50 billion yuan of reverse repurchase funds will expire in the open market, and the maturity scale will be 10 billion yuan from Monday to Friday. The other 29 days ( On Wednesday, there will be 70 billion yuan of treasury cash fixed deposits withdrawn at maturity. On the whole, the pressure on liquidity withdrawing is not too great. This week (December 20-24) the central bank has carried out a total of 50 billion yuan of 7-day and 50 billion yuan of 14-day reverse repurchase operations; in view of the 50 billion yuan of reverse repurchase expiration that week, the total net investment in the open market 50 billion yuan.

Import and export tariff adjustments for some commodities from next year

Starting from January 1, 2022, my country will adjust the import and export tariffs of some commodities, impose temporary import tariffs on 954 commodities, including some new anti-cancer drugs, which are lower than the most-favored-nation tariffs, and increase import and export tariffs on some commodities. Starting from July 1 next year, my country will implement the seventh step of tax reduction on 62 most-favored-nation tax rates for information technology products. After the adjustment, my country’s overall tariff level continues to maintain 7.4%. In addition, my country will grant zero-tariff treatment to 98% of tax items in the least developed countries. In addition, the Shanghai Gold Exchange has decided to maintain the preferential measures of three-tenths of a ten thousandths of the transaction fee rate of the spot gold contract from January 1, 2022 to December 31, 2022, and continue to waive the silver Ag99.99 contract transaction. Handling fee. On December 24, the China Financial Futures Exchange issued the “Notice on Halving the Delivery Fees for Stock Index Futures and Treasury Bond Futures in 2022”, stating that after research and decision, from January 1, 2022 to December 31, 2022 Halved the delivery fee for stock index futures and treasury bond futures.

2. IPO calendar

Currently disclosed information shows that there will be a total of 7 new shares issuance and subscription in the Shanghai and Shenzhen A-share market next week. Among them, Sunway World, Tamus, Tendering Stock, and Vike Technology are listed on the Shenzhen Stock Exchange, and Yahong Pharmaceutical, Tianyue Advanced, and Chuangyao are listed on the Shenzhen Stock Exchange. Technology is listed on the Science and Technology Innovation Board.

Third, the solution of restricted sharesban

The ban on the sale of restricted shares of 87 companies has been lifted one after another. Wind statistics show that next week (December 27th-31st), a total of 87 companies have lifted their ban on restricted shares one after another, and the scale of restricted shares lifted has increased. Among them, the companies with a large number of lifted bans include SINOMACH Heavy Equipment, Yangmei Chemical, Tianxiaxiu, Wasu Media, Orient Securities, Hengyi Petrochemical, ST Anxin, and Shanghai Machine CNC. Among them, approximately 826 million shares of SINOMACH will be lifted and listed for circulation on December 27, 2021, accounting for 11.38% of the company’s total equity.

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