China Fund News Taylor
Brothers and sisters, let's simply watch the news at home and abroad tonight.
Chairman of Zhongke Shuguang is to be fined 800000 yuan
On the evening of May 9, Zhongke Dawning announced that Li Guojie, the chairman of the company, had received the Notice of Administrative Punishment in Advance issued by Tianjin Securities Regulatory Bureau. Li Guojie is suspected of short-term trading of Zhongke Shuguang shares, which has been investigated by Tianjin Securities Regulatory Bureau. Tianjin Securities Regulatory Bureau plans to give Li Guojie a warning and impose a fine of 800000 yuan.
To be specific, Li Guojie has served as the chairman of China Science Shuguang since January 2011, and Zhang Tihua is Li Guojie's spouse. From March 3, 2023 to March 14, 2024, Zhang Dihua bought 3.34 million shares of "Zhongke Dawn" accumulatively, with a total transaction amount of more than 153 million yuan; Totally 303400 shares of "Zhongke Shuguang" have been sold, with a total turnover of more than 154 million yuan. There are acts of selling within six months after buying and buying within six months after selling.
The above illegal facts are proved by the Zhongke Dawning announcement, the inquiry records of relevant personnel, securities account information, securities trading flow and other evidence.
The regulator believes that Li Guojie, as the chairman of the board of directors of Zhongke Shuguang, and his spouse Zhang Tihua's buying and selling of "Zhongke Shuguang" within six months, led to Li Guojie's suspected violation of the provisions of paragraphs 1 and 2 of Article 44 of the Securities Law, which constituted an illegal act described in Article 189 of the Securities Law.
According to the fact, nature, circumstances and degree of social harm of the illegal act of the party concerned, and in accordance with the provisions of Article 189 of the Securities Law, the regulator plans to decide: Li Guojie will be given a warning and fined 800000 yuan.
In addition, on May 9, the Shanghai Stock Exchange announced that it publicly condemned Li Guojie, then the chairman of China Science and Technology Shuguang.
On the evening of April 11, Zhongke Dawn announced that the company had received a supervision letter from the Shanghai Stock Exchange due to the short-term transaction of Zhang Tihua, the spouse of Li Guojie, the chairman of the company, which lasted for one year, with a total transaction amount of 154 million yuan and a total profit of 589800 yuan.
Zhongke Shuguang said that according to relevant regulations, Zhang Tihua's above transactions constitute short-term transactions, and the income and subsequent income should belong to the company. At present, Zhang Dihua has handed over the full amount of 589800 yuan of income from this short-term exchange to the company.
The reason for the occurrence of short-term trading, as explained by Zhongke Shuguang, is that Zhang Tihua failed to correctly understand the relevant laws and regulations on short-term trading, and there was no subjective and intentional violation. During the trading period, he did not consult Li Guojie and did not inform him of the above trading behavior, which was an investment behavior independently made by an individual based on the information disclosed in the securities market and personal judgment. Moreover, Li Guojie did not know about the trading of his securities account, nor did he trade the company's shares because he learned the insider information, nor did he use the insider information to seek benefits.
Zhongke Shuguang also said that Zhang Tihua has recognized the seriousness of this illegal transaction and sincerely apologized to the investors for the adverse impact on the market and investors caused by this short-term transaction. Li Guojie was deeply responsible for his failure to fulfill his obligation to urge his relatives in a timely manner, and to find out that his relatives bought and sold shares of the company in a timely manner. Both parties promise to strictly abide by relevant laws and regulations.
According to public data, Li Guojie, born in 1943, is a researcher of the Institute of Computing, Chinese Academy of Sciences and an academician of the Chinese Academy of Engineering. In 1995, he served as the chairman and general manager of Shuguang Company. According to the 2023 annual report of Zhongke Shuguang, Li Guojie's annual salary in 2023 is 240000 yuan, and he does not hold shares in the company.
According to the amount of punishment, Li Guojie was fined more than three years' salary.
Peripheral rise
In the European and American markets tonight, the main European stock indexes collectively closed higher, and the German DAX30 index closed 1.06% higher, continuing to hit a record closing high; The UK stock index rose 0.4%, hitting a record high for five consecutive trading days; The French stock index closed 0.7% higher and the Italian stock index closed 0.5% higher.
In terms of US stocks, three major indexes rose!
On the news side, there are two good news.
First, the governor of the Bank of England said that the rate cut in the future may exceed expectations. On May 9, the Bank of England ended its monetary policy meeting and announced that the benchmark interest rate would remain unchanged.
Andrew Bailey, governor of the Bank of England, said after the interest rate meeting that when to cut interest rates will depend on various indicators, but the rate cut in the future may exceed market expectations. Despite the "encouraging news" of inflation, which is expected to fall close to the central bank's target of 2% in the coming months, the central bank still needs to see more evidence that inflation will continue to remain at a low level before it will take action to cut interest rates. Bailey expressed optimism about the current progress and hinted that if the inflation outlook met expectations, interest rates could be cut as early as next month.
Hussain mehdi, director of investment strategy of HSBC, said: "We believe that the Bank of England is preparing for the interest rate cut in summer. Inflation is falling back and the labor market continues to cool. However, the question is, will they follow the action of the European Central Bank next month or wait until August? In any case, Europe will cut interest rates. We believe that it is likely to cut interest rates before the Federal Reserve, which is still constrained by more thorny inflation. The signs of relaxation of European monetary policy and cyclical rebound support the prospect of the stock market in this region. The stock market in this region has performed well this year, and the valuation is still attractive. "
Second, the number of Americans applying for unemployment benefits for the first time last week hit a new high since August 2023.
On the economic data side on Thursday, the US Department of Labor reported that as of May 4, 231000 people had applied for unemployment benefits for the first time that week, the highest number since August 26, 2023.
The weakening of the labor market momentum has brought the two interest rate cut plans of the Federal Reserve back to the negotiating table this year. Financial markets expect the Federal Reserve to start its easing cycle in September.
After the news came out, the dollar index plunged! Gold surged 1%.
A50 up 0.4%!
