China Foundation News Taylor
Today's stock market is not bad, the Shanghai index rushed higher and fell today, once returned to 3,000 points during the session, and the afternoon gains narrowed significantly, with a difference of 0.5 and returned to 3,000 points. But the ChiNext rose more than 2%, with the Shanghai index up 0.78%, the Shenzhen Component index up 1.28%, and the ChiNext index up 2.5%.
A total of 4,053 stocks rose and 794 declined.
Pharmaceutical and medical stocks rose again.
The information and innovation sector continues to explode.
Pig Grass Muyuan shares were killed in a flash crash in the afternoon.
The Supreme People's Procuratorate decided to arrest Tian Huiyu in accordance with the law
According to the Supreme People's Procuratorate, Tian Huiyu, former party secretary and president of China Merchants Bank Co., Ltd., was suspected of accepting bribes, abusing their powers by personnel of state-owned companies, and using undisclosed information to conduct transactions. A few days ago, the Supreme People's Procuratorate made a decision to arrest Tian Huiyu in accordance with the law. The case is being pursued further.
On October 8, the Central Commission for Discipline Inspection and the State Supervision Commission announced that Tian Huiyu, former party secretary and president of China Merchants Bank Co., Ltd., had been expelled from the party and public office for serious violations of discipline and law.
According to the investigation, Tian Huiyu, as a leading party member cadre who has been working in the financial field for a long time, lost his ideals and beliefs, deviated from his original intention and mission, was not resolute and discounted in implementing the major decisions and deployments of the party central committee on financial work, ignored the party's leadership over financial work and the political and popular nature of financial work, and left his duties and missions behind; Ignoring the spirit of the eight central regulations, accepting banquets, travel, golfing and other activities in violation of regulations, and accepting gifts in violation of regulations;
Failure to report personal matters as required; Without the bottom line of discipline and law, he has long used "market-oriented" operation as a pretext, in the name of "investment" and "financial management", "making money out of money", vigorously engaging in the collusion of power and capital, relying on finance to eat finance, abusing power for personal gain, damaging public and private interests, abusing power to accumulate wealth, and greed; Life is corrupt and morally corrupt.
Tian Huiyu seriously violated the party's political discipline, organizational discipline, and honesty discipline, constituting a serious violation of the law in his position and suspected of committing a crime, and his failure to restrain or stop after the 18th CPC National Congress is serious in nature and has a bad impact, and should be seriously dealt with. In accordance with the Regulations of the Communist Party of China on Disciplinary Sanctions, the Supervision Law of the People's Republic of China, the Law of the People's Republic of China on Administrative Sanctions against Public Employees, and other relevant provisions, the Standing Committee of the Central Discipline Inspection Commission studied and decided to expel Tian Huiyu from the party; The State Supervision Commission shall give him the sanction of dismissal from public office; confiscation of their illegal gains; The matter of the suspected crime shall be transferred to the procuratorial organ for examination and prosecution in accordance with law, and the property involved shall be transferred as well.
On 22 April this year, the website of the Central Discipline Inspection Commission and the State Supervision Commission announced that Tian Huiyu was suspected of serious violations of discipline and law, and is currently under disciplinary examination and supervision investigation by the Central Discipline Inspection Commission and the State Supervision Commission.
Tian Huiyu, 56, holds a bachelor's degree in infrastructure finance and credit from Shanghai University of Finance and Economics and a master's degree in public administration from Columbia University. Prior to joining China Merchants Bank, he worked for China Cinda's trust company as a vice president for five years before joining Bank of Shanghai in 2003 as vice president.
After stepping down from Bank of Shanghai, Tian Huiyu worked at CCB, successively serving as Vice President of Shanghai Branch and Principal Responsible Person and President of Shenzhen Branch, and since 2011, he has been transferred to CCB as Director of Retail Business and Principal Responsible Person and President of Beijing Branch. In 2013, he left China Construction Bank, where he had worked for nearly 7 years, and officially joined China Merchants Bank as its president, until he was dismissed on April 18 this year.
Biography of Tian Huiyu
In July 1987, he graduated from Shanghai University of Finance and Economics with a bachelor's degree in infrastructure finance and credit.
In October 2002, he received a master's degree in public administration from Columbia University.
1995-1996, President of Shanghai Construction Bank Pudong Branch;
1998.07-2003.07, Vice President of Trust and Investment Company of China Cinda Asset Management Corporation;
2003.07-2006.12, Vice President of Bank of Shanghai;
2006.12-2007.07, Vice President of China Construction Bank Shanghai Branch;
2007.07-2007.09, the main person in charge of China Construction Bank Shenzhen Branch;
2007.09-2011.03, President of China Construction Bank Shenzhen Branch;
2011.03-2013.5.7, Director of Retail Business and President of Beijing Branch, China Construction Bank;
Since May 8, 2013, he has served as the Secretary of the Party Committee of China Merchants Bank;
Since May 9, 2013, he has been a candidate for executive director of China Merchants Bank;
Since May 31, 2013, he has been the President of China Merchants Bank;
Investigated in April 2022.
Foxconn refuted rumors: 20,000 people in Zhengzhou Park were seriously untrue
Foxconn issued a statement today saying that the "about 20,000 people diagnosed in Zhengzhou Park" circulating on the Internet is serious false information, a small number of employees are affected by the epidemic, the current production and operation in the park are relatively stable, and continue to do a good job in employee safety protection, the operation outlook for the fourth quarter remains unchanged.
Foxconn said that the "about 20,000 people diagnosed in Zhengzhou Park" circulating on the Internet is serious false information, and the current production and operation in the park are relatively stable, and continue to do a good job in employee safety protection.
Secondly, it is pointed out that employees are the greatest wealth of the group, and taking care of employees is the first principle of the group's operation, for a small number of employees affected by the epidemic, Foxconn will do its best to provide all employees with necessary material supply, psychological comfort, appeal feedback and other life guarantees under the premise of complying with local epidemic prevention policies.
Foxconn said that at present, the epidemic prevention work in Zhengzhou is steadily advancing, the degree of impact on the group is controllable, and the operating outlook for the fourth quarter remains unchanged.
Zhang Kun: Investors who invest in stocks with the mindset of buying a house may work much better
Zhang Kun, a star fund manager, pointed out in the third quarterly report of his fund that the market was full of various worries in the third quarter, but investors did not seem to be very concerned about the operation of companies in the medium and long term (such as three or five years later). However, from the perspective of discounted cash flow, the largest part of the value of a business usually comes from the perpetual part of the future.
"In fact, investors may be much more effective if they invest in stocks with a house-buying mentality, including detailed fundamental analysis (a lot of research on real estate), heavy buying (investing a lot of money), and long-term holding (not trading due to short-term house price fluctuations)." Zhang Kun said.
He stressed that in a rational world, stock trading volume is not high, but in the real world, stock investors often react to ephemeral and inconsequential everyday information. But in fact, Mr. Market is here to serve investors, not to guide them. At this stage, Mr. Market offers attractive offers for long-term investors.
As of the end of the third quarter, the scale of funds under management by Zhang Kun exceeded 80 billion.