News from the financial world on April 14, the weekend blockbuster news is out!
In terms of domestic finance and economics, the Standing Committee of the People's Republic of China will study the work related to accelerating the rise of the central region in the new era; China added 12.93 trillion yuan of social financing and 9.46 trillion yuan of new RMB loans in the first quarter; Guangdong carried out the trade-in of old cars, and Guangzhou and Shenzhen further relaxed the restrictions on car licensing indicators.
International finance: Iran's Islamic Revolutionary Guard Corps issued a second statement on its military operation on the 14th local time. In response to Israel's crimes, Iran's Islamic Revolutionary Guard Corps (IRGC) used its strategic intelligence capabilities, missiles and drones to attack important military targets on Israeli territory, successfully hitting and destroying them, the statement said.
A-share headlines: The capital market's "National Nine Articles" have been upgraded after ten years, and the top ten highlights are worth paying attention to: 1. Improve the listing standards of the main board and the Growth Enterprise Market, and improve the evaluation standards for the scientific and technological innovation attributes of the Science and Technology Innovation Board. 2. Strengthen the supervision of all aspects of new stock issuance, inquiry, pricing, and placement, and rectify market chaos such as over-raising at high prices and price reduction. 3. Further tighten the mandatory delisting standards and further reduce the value of "shell" resources. 4. Introduce management measures for the reduction of shareholdings of listed companies, and implement policies for different types of shareholders. 5. Guide listed companies to repurchase shares and cancel them in accordance with the law. 6. Encourage bank wealth management and trust funds to actively participate in the capital market and increase the scale of equity investment. 7. Incorporate the assessment of the impact of major economic or non-economic policies on the capital market into the framework of macro policy orientation consistency assessment, and establish a coordination mechanism for the release of major policy information. 8. Improve the regulatory system for key businesses such as derivatives, margin trading and securities lending. 9. Increase equity and debt financing support for enterprises that are in line with the national industrial policy orientation and make breakthroughs in key core technologies. 10. Intensify joint crackdowns on securities and futures crimes.
Domestic Finance:
National Standing Meeting: Study the work related to accelerating the rise of the central region in the new era
Premier Li Qiang of the State Council presided over an executive meeting of the State Council on April 12 to study the work related to promoting the accelerated rise of the central region in the new era, to study and improve the measures to solve the long-term mechanism of enterprise account arrears, to listen to the report on energy conservation and carbon reduction, and to deploy and carry out the whole chain rectification of potential safety hazards of electric bicycles.
In the first quarter, China added 12.93 trillion yuan of new social financing and 9.46 trillion yuan of new RMB loans
The central bank released a financial statistics report for the first quarter of 2024, which showed that at the end of March 2024, the balance of broad money (M2) was 304.80 trillion yuan, a year-on-year increase of 8.3%. In the same period, the stock of social financing was 390.32 trillion yuan, a year-on-year increase of 8.7%, and the cumulative increase in the first quarter was 12.93 trillion yuan, which was at a high level in the same period in history. RMB loans increased by 9.46 trillion yuan in the first quarter.
Guangdong: Appropriately reduce the down payment ratio of passenger car loans and encourage banking institutions to introduce loan policies to support the renewal of old trucks
The Guangdong Provincial People's Government issued the "Implementation Plan for Promoting Large-scale Equipment Renewal and Trade-in of Consumer Goods in Guangdong Province". It mentions the optimization of financial support. Make good use of policy tools such as scientific and technological innovation and re-lending for technological transformation and special interest discount policies of the central government to guide financial institutions to strengthen support for equipment renewal and technological transformation. Implement the relevant national deployment, and guide banking institutions to expand medium and long-term loans for the manufacturing industry in accordance with the principles of marketization and rule of law. Comprehensively use bank loan interest discounts, insurance credit enhancement subsidies, financial leasing subsidies and loan risk compensation to strengthen support for technological transformation. Promote the renewal of equipment in key areas such as industry, education, medical care, and agriculture for financial leasing services. Strengthen the financial support of green credit for the production, service and consumption of green smart home appliances. Under the premise of compliance with laws and regulations and controllable risks, banking institutions are encouraged to appropriately reduce the down payment ratio of passenger car loans, and reasonably determine the term and credit limit of automobile loans. Encourage banking institutions to introduce loan policies to support the renewal of old trucks.
Central Bank: Focus on the blocking points and stuck points of payment services Continue to build a payment system in which multiple payment methods develop in parallel and complement each other
On April 11, 2024, the People's Bank of China held the Zhejiang Provincial Payment Service Optimization Promotion Conference in Hangzhou to strengthen coordination and cooperation with various departments and industries, guide and supervise financial institutions in Zhejiang to increase their work efforts, and jointly promote the optimization of payment services. The meeting required that the Zhejiang Branch of the People's Bank of China should take the lead in grasping the overall responsibility, further deepen the coordination and cooperation with the competent departments of commerce, cultural tourism, transportation and other industries, adhere to the combination of promising government and effective market, and do a good job in the supply and demand docking of payment services. Financial institutions in Zhejiang should conscientiously implement the requirements of the "Opinions", adhere to goal-oriented and problem-oriented, focus on the blocking points and stuck points of payment services, keep an eye on key tasks, increase resource investment, accelerate the progress of work, continue to make efforts at key nodes such as bank card acceptance and transformation, cash services, and continue to build a payment system with parallel development and mutual complementarity of multiple payment methods, effectively enhance the compatibility and inclusiveness of various payment services, and provide more high-quality, efficient and convenient payment services for the elderly, foreign personnel and other groups.
Guangdong: Carry out car trade-in Guangzhou and Shenzhen to further relax the restrictions on car licensing indicators
The Guangdong Provincial People's Government issued the "Implementation Plan for Promoting Large-scale Equipment Renewal and Trade-in of Consumer Goods in Guangdong Province". It mentions the development of car trade-in. Strengthen policy guidance, organize and carry out car trade-in activities, and encourage automobile production and distribution enterprises to provide preferential benefits for car purchases by carrying out promotional activities, issuing replacement subsidies, and giving away charging piles, so as to promote automobile renewal consumption. Strictly implement the provisions of the mandatory scrapping standards for motor vehicles and the inspection standards for vehicle safety and environmental protection, and eliminate old vehicles that meet the mandatory scrapping standards in accordance with laws and regulations. Guangzhou and Shenzhen have further relaxed the restrictions on the licensing indicators of cars.
More than 60 sets of shops in a project in Chengdu will be auctioned in a centralized manner, and a real estate company in Sichuan said that the partner "privately pried the safe to grab the official seal" The partner responded
A few days ago, Chengdu Ruizhuo Real Estate Co., Ltd. issued a statement on the "Nancheng Duhui" shop in Chengdu will be auctioned in a centralized manner. Ruizhuo Real Estate said that it is the actual equity holder of 50% of the equity of Shunhong Real Estate (Chengdu) Co., Ltd., and it recently learned that part of the commercial project of "Shanhe Jiuzhang" developed and constructed by Shunhong Company will be auctioned on April 15. Ruizhuo Real Estate claimed that due to the seizure of Shunhong's official seal by the partner Yuzhou Group's private safe, as well as a series of complex legal disputes, the construction of the project has led to a number of cross-litigation and judicial seizures, and the construction has been suspended for more than two years; It is reported that the project is jointly developed by Yuzhou Group and the above-mentioned enterprises, and according to the information of Alifa Auction Network, there are more than 60 shops that will be auctioned. Regarding the "private prying safe to snatch the official seal" mentioned by Ruizhuo Real Estate in the statement, relevant people in Yuzhou responded that in accordance with the practice and consensus of giving priority to investors in the real estate industry, the operation and management of the project company is dominated by Yuzhou Group, the project official seal and license are managed by the company designated by the project company, and the legal representative and general manager are appointed by Yuzhou, and there is no such thing as privately prying the safe to snatch the official seal. "Foreclosure auctions are reviewed and handled in accordance with relevant laws and regulations, and are protected by relevant laws and regulations. Yuzhou said.
Iran-Israel conflict:
Iran's Islamic Revolutionary Guard Corps: Iran successfully strikes Israeli military targets
Iran's Islamic Revolutionary Guard Corps issued a second statement on its military operation on the 14th local time. In response to Israel's crimes, Iran's Islamic Revolutionary Guard Corps (IRGC) used its strategic intelligence capabilities, missiles and drones to attack important military targets on Israeli territory, successfully hitting and destroying them, the statement said.
Iran's Permanent Mission to the UN Says Iran's Attack on Israel Can Be Considered "Over"
Iran's Permanent Mission to the United Nations posted on social media on April 14 local time that Iran's attack on Israel can be considered "over". The Permanent Mission of Iran to the United Nations stated that the Iranian military operation was launched in accordance with Article 51 of the Charter of the United Nations on lawful defence. If Israel makes another "mistake", Iran's response will be even harsher. The delegation also warned the United States not to get involved in the conflict.
The Ministry of Foreign Affairs responded to Iran's military strikes against Israel: called on the relevant parties to remain calm and exercise restraint
Foreign Ministry Spokesperson's Remarks on Iran's Military Strikes on Israeli Territory. Q: According to reports, Iran's Islamic Revolutionary Guard Corps (IRGC) launched a military strike on Israeli territory on April 14 using ballistic missiles and drones. A: China is deeply concerned about the current escalation and calls on relevant parties to remain calm and exercise restraint to avoid further escalation of tensions. This escalation is the latest manifestation of the spillover from the conflict in Gaza. The top priority is to earnestly implement UN Security Council Resolution 2728 and calm the conflict in Gaza as soon as possible. China calls on the international community, especially influential countries, to play a constructive role in maintaining regional peace and stability.
The United States will convene a meeting of G7 leaders to coordinate a diplomatic response to Iran's attack on Israel
U.S. President Joe Biden said in a statement on the 13th that the United States will convene a meeting of G7 leaders on the 14th to coordinate the diplomatic response to Iran's attack on Israel.
Biden told Netanyahu that the United States will not support Israel in a counterattack against Iran
According to the latest news from the American Axios news network, U.S. President Joe Biden spoke with Israeli Prime Minister Benjamin Netanyahu late on the 13th local time, during which a senior White House official said that Biden said that the United States would not support Israel's counterattack against Iran. Biden told Netanyahu that the joint defense of Israel, the United States and other countries in the region had failed the Iranian attack, the White House official who revealed the news, the report said. Biden also said to the latter, "You win, accept this victory." The White House official said that when Biden told Netanyahu that the United States would not participate in any offensive operations against Iran and would not support such operations, Netanyahu said he understood.
Iran said the operation was limited to punishing Israel
According to Iran's Tasnim News Agency, the chief of the general staff of the Iranian armed forces, Bagheri, said on the 14th that Iran has the ability to launch a military operation ten times the scale, but the operation is limited to punishing Israel, and Iran has not launched strikes on densely populated areas of Israel and economically active areas. He said the Israeli army needs to understand that their attacks will not go unanswered, and that Iran will protect its interests and homeland.
Iran seized a cargo ship linked to Israel
Iran's Tasnim News Agency reported today (April 13) that Iran's Islamic Revolutionary Guard Corps Navy has seized an Israeli-linked cargo ship in the Persian Gulf. According to the IANA news agency, the ship is currently heading to Iranian waters. The Associated Press earlier released a video and reported that the detained may be the Portuguese-flagged container ship Aries, which was detained en route from the UAE to India. The ship is linked to the London-based Zodiak Shipping Company, which in turn belongs to Israel's Zodiak Group.
A-share dynamics:
China Securities Regulatory Commission: Accelerate the implementation of the "1+N" policy system in the capital market
Recently, the China Securities Regulatory Commission (CSRC) held a mobilization and deployment meeting and policy training meeting for the implementation of the "1+N" policy document to study in depth the "Several Opinions of the State Council on Strengthening Supervision and Preventing Risks and Promoting the High-quality Development of the Capital Market" and supporting documents, and to study and deploy the CSRC's systematic implementation work. Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, attended the meeting and delivered a speech. Members of the Party Committee of the China Securities Regulatory Commission attended the meeting. The meeting emphasized that it is necessary to deeply study and comprehend the spiritual essence of the new "National Nine Articles", effectively unify thoughts and actions with the decision-making and deployment of the Party Central Committee and the State Council, enhance the sense of responsibility and mission of the capital market work in the new era and new journey, and accelerate the implementation of the "1+N" policy system in the capital market. The meeting demanded that the implementation of the new "Nine Articles" should be combined with the implementation of the spirit of the Central Financial Work Conference, and with the construction of the capital market system, plugging loopholes, and making up for shortcomings, so as to improve the basic system of the capital market and strive to enhance the internal stability of the capital market. It is necessary to further refine the timetable and implementation measures of various tasks, strengthen policy training and publicity, do a good job in the formulation, revision, release and implementation of supporting rules, and pay close attention to promoting the orderly implementation of various key tasks. It is necessary to adhere to systematic thinking, strengthen overall planning and coordination, take the initiative to do a good job of communication and connection with relevant ministries and commissions, local governments, etc., and promote the formation of a joint force for the implementation of the new "National Nine Articles". It is necessary to adhere to the blade inward, strengthen self-construction, deeply promote the comprehensive and strict governance of the party and the anti-corruption struggle, strictly and tightly improve the management of departing personnel, deepen the special rectification of political and business "revolving doors" and "escape resignation", and build a strong political and competent supervision iron army.
Top 10 highlights of the new "National Nine Articles".
The "National Nine Articles" of the capital market have been upgraded after ten years, and the ten highlights are worth paying attention to: 1. Improve the listing standards of the main board and the Growth Enterprise Market, and improve the evaluation standards of scientific and technological innovation attributes of the Science and Technology Innovation Board. 2. Strengthen the supervision of all aspects of new stock issuance, inquiry, pricing, and placement, and rectify market chaos such as over-raising at high prices and price reduction. 3. Further tighten the mandatory delisting standards and further reduce the value of "shell" resources. 4. Introduce management measures for the reduction of shareholdings of listed companies, and implement policies for different types of shareholders. 5. Guide listed companies to repurchase shares and cancel them in accordance with the law. 6. Encourage bank wealth management and trust funds to actively participate in the capital market and increase the scale of equity investment. 7. Incorporate the assessment of the impact of major economic or non-economic policies on the capital market into the framework of macro policy orientation consistency assessment, and establish a coordination mechanism for the release of major policy information. 8. Improve the regulatory system for key businesses such as derivatives, margin trading and securities lending. 9. Increase equity and debt financing support for enterprises that are in line with the national industrial policy orientation and make breakthroughs in key core technologies. 10. Intensify joint crackdowns on securities and futures crimes.
More than 1,000 listed companies will be ST for not complying with the new regulations for dividends
On April 12, the new "National Nine Articles" and a series of supporting measures and draft measures of the securities regulatory system were promulgated, which made key arrangements for the dividend regulations of listed companies. The reporter noticed that some market participants calculated that "more than 1,000 companies in A shares will be ST due to the low dividend amount" according to the dividend amount standard in the newly revised rules. According to the new regulations and the calculations conducted by professionals, it is found that the aforementioned analysis methods and conclusions are wrong. According to the current financial data, more than 80 companies are expected to touch the ST standard. In addition, considering that the disclosure of annual reports has not yet ended, and the rules will only be applied for the first time in 2025, it is expected that the company will enhance investor returns through dividend buybacks and other means, and the actual impact will be smaller. Cash dividends are one of the most direct and effective ways for listed companies to return to investors, and dividends have ushered in more scientific and standardized management from the China Securities Regulatory Commission to the stock exchange.
CITIC Securities: The short-term game of the market will tend to be complex, and the strategic allocation value of the dividend strategy is increasing
CITIC Securities research report pointed out that the domestic economy has recovered steadily, the pricing system of overseas assets is disordered, and the US dollar interest rate cut is expected to be revised downward, followed by the second half of April economic data, corporate financial reports, intensive disclosure of institutional positions, and the convening of the Politburo meeting, it is expected that the short-term game of the A-share market will tend to be complex, and more importantly, the new "national nine" landing, consolidating the important foundation for the long-term healthy development of China's capital market, whether from the short-term or medium- and long-term investment dimensions, the strategic allocation value of the dividend strategy is increasing. First of all, the domestic economy is running smoothly, the replenishment of the stock supports the production boom, the macro data is not weak, and the supply and demand are still unbalanced; prices in March were lower than expected, and the transmission of the prosperity of the production side to the profit side of enterprises slowed down due to its constraints. Secondly, the pricing system of major types of assets has been disordered recently, with the trend of gold, US dollar US bonds, and cyclical products relatively independent, and the risk aversion supporting the gold market is difficult to say the end; the US dollar interest rate cut expectations continue to be revised downward to drive the US dollar and US Treasury yields higher; and the supply-side constraints have strengthened the elasticity of the prices of cyclical products such as oil, copper and aluminum. Finally, and more importantly, the new "National Nine Articles" have been implemented, the framework of the new round of "1+N" policy system in the capital market has gradually become clear, and the focus of reform has shifted to the investment side, focusing on improving the quality of listed companies and investor returns, and consolidating the important foundation for the medium and long-term healthy development of China's capital market.
The four major banks collectively announced the implementation of Huijin Company's increase in A-shares, with a total of nearly 1 billion new shares in half a year
As of April 10, the cumulative number of A-shares increased by 330 million shares, 71.451 million shares, 401 million shares and 287 million shares respectively, accounting for 0.11%, 0.03%, 0.11% and 0.08% of the total share capital of the Bank. The total number of shares held by the Bank was 188.791 billion shares, 142.858 billion shares, 140.489 billion shares and 124 billion shares, accounting for 64.13%, 57.14%, 40.14% and 34.79% of the total share capital respectively. After calculation, excluding the number of additional shares announced on October 11 last year, Huijin Company had increased its holdings of about 981 million A shares of the four major banks as of April 10.
Huaxi Securities: Received a prior notice of administrative supervision measures from the Jiangsu Supervision Bureau and suspended the sponsorship business qualification for 6 months
Huaxi Securities announced after trading on Friday that the company was suspected of violating the practice process of Jintongling Technology Group Co., Ltd.'s 2019 non-public issuance of shares to sponsor the project, and the Jiangsu Securities Regulatory Bureau intends to suspend the company's sponsorship business qualifications for 6 months.
International Finance:
Britain and the United States imposed sanctions on Russian metals, prohibiting LME, CME, etc. from accepting aluminum, copper, nickel
The United States and the United Kingdom announced new trading restrictions on Russian aluminum, copper and nickel, a move that could cause turmoil in global metals markets. The new rules prohibit the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME) from accepting newly produced Russian metals, including Russian aluminum, copper and nickel produced on or after April 13. The United States has also banned imports of the three metals from Russia. The decision is unlikely to curb Russia's ability to sell these metals, as the sanctions will not prohibit non-US individuals and entities from buying Russian physical copper, nickel, or aluminum. While the LME plays a key role in setting global prices, the vast majority of metals are traded between miners, traders and manufacturers without the need to enter LME warehouses.
This article originates from the world of finance
![What is the impact of the situation in Myanmar? The commander of the Thai Air Force will go to the United States and Sweden to discuss the purchase of new fighter jets[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)