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CSRC: strengthen counter cyclical regulation of securities lending and refinancing
On June 16, when answering questions from reporters about securities lending and refinancing, the spokesman of the CSRC said that the CSRC would adhere to the problem oriented and goal oriented approach, fully evaluate and improve the rules of securities lending and refinancing, and strengthen securities lending and refinancing [ detailed ]

data

More stable and solid

New social finance in May

2.07 trillion yuan

Financial support for the real economy

Continuous improvement of quality and efficiency

Hot Spots

The joint high-quality brand "MEI ONE Preferred" was officially launched

On June 15, the flagship store of Meishou Youyi Tmall was officially launched. On that night, several products with the logo of "Beauty ONE Preferred" were launched in Li Jiaqi's live broadcast room through the flagship store, including laundry beads, latex quilts, silicone mats, etc. The launch of "MeiONE Preferred" is a new attempt. MeiONE hopes to more accurately match the upstream and downstream through joint exploration with the brand and consumers, help the upstream and downstream jump out of the traditional game state, and create a high-quality channel ecosystem of win-win cooperation. [ detailed ]

Interest rate is at a low level, and interest rate reduction faces double constraints

On June 17, the central bank was about to operate a new medium-term lending facility (MLF), and whether the interest rate would be adjusted attracted market attention. Industry insiders said that there is still room for interest rate reduction, but there are also internal and external constraints. At present, there is still room for monetary policy, but the effect of early policy is still apparent. The Central Bank will continue to make counter cyclical adjustment in combination with the changes in the situation. At present, the interest rate of housing loans for enterprises and individuals in China has entered the "Three Times", which is at a low level compared with major international economies, creating a good interest rate environment for promoting economic recovery. [ detailed ]

Frequently playing the "sincerity card", banks and wealth management companies have "reduced fees and yielded profits"

Recently, a number of bank financing companies have played a "good faith card" to implement periodic rate concessions for some of their products, involving management fees, sales service fees, custody fees and other fees. The product type is basically fixed income financing products. After preferential adjustment, the management rate of some products even dropped to less than 0.1%. Industry insiders said that the bank financial management company launched rate concessions mainly to enhance its competitive advantage, attract investors and enhance customer stickiness. Although it has the effect of boosting sales, such practices have little effect on the "expansion territory" of bank financing companies, and the impact on intermediary business income should also be considered. [ detailed ]

Foreign Trade Trust plans to liquidate Baoying Fund Co., Ltd. Trust companies have accelerated the sale of financial shares in recent years

Another trust company transferred its equity in financial institutions. Recently, the information released by the Beijing Equity Exchange showed that the second shareholder of Baoying Fund, China Foreign Economic and Trade Trust (hereinafter referred to as "Foreign Trade Trust"), was listed to transfer 25% of the equity of Baoying Fund. The listing transfer date was from June 13 to July 10, 2024, and the listing price was negotiable. In recent years, several trust companies such as Shandong Guoxin, Shanghai Trust and AVIC Trust have sold their shares of funds, securities companies and other companies. According to industry experts, trust companies sell financial equity intensively for several reasons: transformation needs to focus on the main business, its own performance pressure, and comprehensive consideration of the current valuation of funds, brokers and other institutions, as well as regulatory requirements. [ detailed ]

The list of new batch of innovative enterprises to be transferred for the expansion of the listed reserve army of Beijing Stock Exchange was released

The innovation layer plays a key role in the institutional arrangement of the integrated development of the Beijing Stock Exchange and the New Three Board. It should not only provide high-quality enterprises for the Beijing Stock Exchange, but also provide financing and development channels for unlisted enterprises. Recently, the national stock transfer company announced the preliminary screening list of the fourth batch of new three board innovative layer companies in 2024, with a total of 72 companies proposed to be transferred to the innovative layer. Among them, 41 companies to be listed meet the financial conditions of Beijing Stock Exchange. After the completion of this promotion, the cumulative number of new companies in the first half of 2024 is expected to reach 370, and the number of innovative companies is expected to expand to 2220. [ detailed ]

The taste of foreign institutions has changed, and new quality assets have been devoured

At the moment when the A-share market is hot for "new quality assets", the investment preference of returned foreign capital is also changing correspondingly. Recently, some listed companies disclosed the latest situation of circulating shareholders due to repurchase and other matters. It can be found that, unlike the old impression that foreign institutions concentrated on the track industry and bet on leading stocks, since 2024, when foreign capital returned to add A-share assets, there has been a sign of "new quality assets" gathering in industrial manufacturing, medicine and medical care, new consumption and other fields. By comparison, it is found that the foreign institutions' position adding actions on some of the subject matters are characterized by "large scale and high intensity", which has rapidly increased the size of their positions in a short period of time. [ detailed ]

During the year, the Association of Dealers launched self regulatory investigations on at least 12 institutions

In recent years, the China Association of Interbank Market Dealers has continued to improve its rule system, strengthened compliance monitoring and troubleshooting with technology empowerment, strengthened warning and investigation, and ensured the standardized operation of the inter-bank market. As of June 16, since this year, the Association of Dealers has launched self regulatory investigations on at least 12 institutions. The problems involved include: some issuers failed to strictly implement the major deployment of the central government on preventing and resolving local debt risks in bond issuance; Some small and medium-sized financial institutions are suspected of illegal holding and lending of bond accounts. [ detailed ]

To be a passionate organization to check the trend of "Kete Evaluation" in the second half of the year

Recently, as the core direction of "Kete Evaluation", concept stocks such as CPO, liquid cooling server, copper cable high-speed connection, multi-mode AI, and computing power have rebounded, and the enthusiasm of funds for the technology track has been renewed. Recently, the third phase of the National Fund was established, and its registered capital exceeded the sum of the first two phases, reflecting the firm support of the state for the semiconductor industry, and also making the market daydream about relevant concepts. Is the current A-share style switching to growth? What are the investment opportunities for the technology track in the second half of the year? A number of private equity fund people said that the market appeared "technology wind", and the incremental funds brought by the third phase of the National Major Fund, as well as the fundamentals of good consumer electronics direction and other factors were good for the technology track. [ detailed ]

The growth rate of premium of the five A-share insurance companies continued to increase. The cumulative income of the first five months increased by 2.19% year-on-year

As of June 16, the premium (original insurance premium, the same below) income of the five A-share insurance companies in the first five months of this year has been released. According to the statistics of Securities Daily, in the first five months, the five A-share insurance companies earned a total premium income of about 1456.36 billion yuan, up 2.19% year on year. At the same time, from the year-on-year growth rate of monthly accumulated premiums of the five A-share insurance companies in the year, it shows a trend of continuous improvement. From the perspective of different businesses of listed insurance companies, the overall growth of property insurance is relatively stable, and the life insurance business is in a differentiated state. At the same time, the expectation of the industry for life insurance companies to reduce the rigid cost of liabilities is getting stronger and stronger. [ detailed ]

Focus financial information

The premium income of Sungrow Insurance in the first five months was 64.808 billion yuan

From January to May 2024, Sungrow Property&Casualty Insurance Co., Ltd., a subsidiary of Sungrow Insurance, will realize [ detailed ]

Greenland Holdings fell 3.11% to a new low in recent years Shenyin Wanguo called for buying in recent years

Greenland Holdings (600606. SH) shares fell today, down 3.11% to close at 1.56 yuan, with a total market value of 21.925 billion yuan [ detailed ]

Digital China's decline and shutdown agency sold 100 million yuan of net sales of China Merchants Securities, the highest point of the year strongly recommended

Digital China (000034. SZ) shares fell by the limit today, with a decline of 10.00% and a total market value of 165.12 yuan as of the closing of 24.66 yuan [ detailed ]

Jindik fell 3.84% to a new low, raising 1.214 billion yuan in 2021

Jindik (688670. SH) has closed at 12.78 yuan, down 3.84%, with a total market value of 1.574 billion yuan. In today's session [ detailed ]

Bangyan Technology fell 4.65% in 2022, and the listed Guosen Securities Sponsor turned losses in 2023

Bonyan Technology (688132. SH) closed today at 17.64 yuan, down 4.65%, with a total market value of 2.685 billion yuan. At present, the stock is in [ detailed ]

Huasha Ophthalmology fell by 3.68% to a new low. In 2022, it went public and raised 1.99 billion yuan

Huasha Ophthalmology (301267. SZ) shares fell today, down 3.68% to close at 23.58 yuan, with a total market value of 19.807 billion yuan [ detailed ]

Selected Topics

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2024 National Insurance Public Publicity Day

The annual theme is: insurance, making each step more confident. [ detailed ]

Bank of financial figures

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