Bay Finance Weekly Report Events| Received hundreds of millions of gold money to "run away"?

Headlines

Received hundreds of millions of gold payments and did not give the goods to "run away"?

On April 16, there was news on the Internet that some merchants in Shuibei, Shenzhen, "ran away" with hundreds of catties of gold payments. According to the group chat pictures circulated on the Internet, the merchant was accused of receiving 400 kilograms of gold raw materials after receiving 400 kilograms of gold raw materials, and did not deliver the goods to downstream buyers. According to the recent gold price, the amount involved may be as high as 200 million yuan. Some netizens also said that they had called the police to file a case.

focus

Central Bank: The Credit Market Department has been established to take the lead in doing a good job in the financial "five major articles"

The Central Financial Work Conference emphasized that it is necessary to do a good job in the "five major articles" of science and technology finance, green finance, pension finance, inclusive finance and digital finance to provide high-quality financial services for economic and social development. On the afternoon of 18 April, at a news conference held by the State Council Information Office, Zhu Hexin, vice governor of the People's Bank of China and director of the State Administration of Foreign Exchange, revealed that with the approval of the central authorities, the People's Bank of China has set up a credit market department and is taking the lead in promoting the work of doing a good job in the "five major articles."

Central Bank: Alleviate the phenomenon of financial institutions "rushing to the point of time" and guide the balanced allocation of credit

On the afternoon of April 18, the Information Office of the State Council held a press conference to introduce the financial operation and foreign exchange receipts and expenditures in the first quarter of 2024. Zhu Hexin, deputy governor of the People's Bank of China and director of the State Administration of Foreign Exchange, said at the meeting that since the second half of last year, the central bank has strengthened the guidance of balanced credit delivery and eased the phenomenon of "rushing to the point" of financial institutions. In the first quarter of this year, the ratio of loans to the historical average returned to the historical average, leaving plenty of room for credit growth in the next three quarters. On the whole, a series of monetary policy measures introduced in the early stage are gradually playing a role, and the national economy has continued to rebound and made a good start. There is still room for monetary policy in the future.

Chief view: After ten years, the new "National Nine Articles" have been released to help build a financial power

Recently, the State Council issued a blockbuster document "Several Opinions on Strengthening Supervision and Preventing Risks and Promoting the High-quality Development of the Capital Market", with a total of 9 parts.

This is the third "National Nine Articles" of the capital market issued by the State Council after 10 years after the two "National Nine Articles" in 2004 and 2014, and is the third "National Nine Articles" of the capital market.

So, what is the impact of the new "National Nine Articles" on the capital market and the real economy? What areas are worth paying attention to for investors?

Interpretation: Reduce investors' transaction costs

On April 19, the China Securities Regulatory Commission issued the "Regulations on the Administration of Securities Transaction Costs of Publicly Offered Securities Investment Funds" (hereinafter referred to as the "Regulations"), which clearly adjusted the commission rate of public fund stock transactions to a more reasonable level, established a dynamic adjustment mechanism for commission rates, and regularly adjusted the commission rates of public fund stocks according to the changes in the market rates, and at the same time adjusted the upper limit of the transaction commission distribution ratio from 30% to 15%. The "Provisions" will be officially implemented from July 1, 2024.

concern

The gas meter company behind the rise in gas bills in Sichuan: profit growth has slowed down, and employees have been exposed to bribery

In the past few days, residents in many places in Sichuan and Chongqing have reported abnormal gas costs, which has aroused concern. The reporter of Nandu Bay Finance Society noticed that Chengdu Gas raised the gas fee in March this year, saying that it is expected that each household will increase its expenditure by about 5 yuan per month.

The spearhead of this incident is Qianjia Technology, a gas meter company, has recently slowed down in net profit growth, and the plan to IPO has been terminated by the Shenzhen Stock Exchange.

Related: There is a problem of copying by estimation and illegal valuation! The investigation team has settled in Chengdu Gas Group

finance

Wells Fargo Fund and Founder Fubon Fund hold multi-product positions in Zhongtai Chemical, and there are doubts about compliance and risk control?

Recently, Zhongtai Chemical and related responsible persons received the "Prior Notice of Administrative Punishment" from the China Securities Regulatory Commission. According to the previous announcement, Zhongtai Group, the controlling shareholder of Zhongtai Chemical, illegally occupied more than 8 billion yuan. From 2020 to 2022, Zhongtai Chemical's total inflated revenue exceeded 7 billion yuan. In addition, there were false records and material omissions in the annual reports disclosed during the duration of Zhongtai Chemical's bonds and debt financing instruments, and the information disclosure in the relevant bond prospectus was inaccurate.

Three were filed, and several were fined! How is the pattern of the securities industry going under the regulatory storm?

After the release of the new "National Nine Articles", the storm of strong supervision is sweeping the securities industry.

Recently, the two leading brokerages CITIC Securities, Haitong Securities and Soochow Securities have been placed on file for investigation. In just a few days, three brokerages were filed, which is quite rare. At the same time, there are also a number of brokerages intensively "eating" fines, such as Huaxi Securities was suspended from sponsoring business qualifications for 6 months, China Galaxy received a warning letter, and Donghai Securities was ordered to make corrections.

In an interview with a reporter from Nandu Bay Finance Society, a number of interviewees said that the above measures have released a signal that the regulator has "zero tolerance" for violations of laws and regulations in the capital market, and strict supervision and strong supervision will be the norm in the securities industry. At the same time, brokerages that fail to comply with compliance and risk control may be eliminated, and the industry reshuffle will accelerate.

The premium income of 8 insurance companies in the first quarter: Xinhua Insurance and Guohua Life Insurance fell by more than 10% year-on-year

Recently, 8 A-share and H-share insurance companies have announced their first-quarter premium income reports. According to the report, in the first quarter of 2024, the premium income of 8 companies including Chinese Life, Ping An of China, Chinese People's Insurance Company, China Pacific Insurance, Xinhua Insurance, Guohua Life, Sunshine Life and Zhongan Online totaled 1,133.707 billion yuan, a year-on-year increase of 0.97%. Among them, the premium income of life insurance business totaled 762.068 billion yuan, down 1.04% year-on-year, and the premium income of property insurance business reached 355.059 billion yuan, a year-on-year increase of 5.15%.

Housing

Hang Seng Bank filed a winding-up petition! Times China Holdings' share price plunged and fell by more than 40%

On 16 April, Times China Holdings announced on the Hong Kong Stock Exchange that Hang Seng Bank Limited (the "Petitioner") filed a winding-up petition (the "Petition") with the High Court of the Hong Kong Special Administrative Region (the "High Court") on 15 April 2024 against its division, regarding the alleged financial obligations of approximately US$173.2 million and HK$731.4 million respectively. The High Court has fixed the first hearing date of the petition as 3 July 2024.

Car market

In the first quarter, the sales ranking of car companies: BYD continued to lead far ahead, and Great Wall was squeezed out of the top 10

Although the sales of car companies have picked up in March, the focus of the entire industry in March is almost all focused on Xiaomi SU7. In addition, this year's Beijing Auto Show is approaching, and everyone is more curious, will there be a new restructuring of the industry competition pattern at that time?

In fact, as long as we analyze the changes in the sales volume of the domestic passenger car market in the first quarter of this year, who is moving forward and who is constantly regressing, it is clear at a glance that the trend of car companies this year has begun to emerge.

The car "trades in the old for the new", and the car companies have taken action: the subsidy for the replacement of some brands is as high as 50,000 yuan

Recently, the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance and other 14 departments jointly issued the "Action Plan for Promoting the Trade-in of Consumer Goods" (hereinafter referred to as the "Action Plan"), which clearly mentions increasing policy support and encouraging automobile manufacturers and sales enterprises to carry out promotional activities and carry out car trade-in. Since the release of the Action Plan, some auto brands have acted quickly to launch exclusive promotions, covering a variety of models such as sedans, SUVs and MPVs.

Lawyer: Whether the dismissal is reasonable depends on these circumstances

A few days ago, a netizen posted on Weibo and other platforms one after another that he was fired from his new energy vehicle company five days after buying Xiaomi SU7 without receiving any compensation, thinking that he had fallen into a workplace trap. It is reported that the netizen works for Jiyue Automobile. For a time, the related entries of "Jiyue Automobile employees were fired for buying Xiaomi SU7" appeared on Weibo hot search.

industry

Xtep, which is deeply mired in the suspicion of the marathon "fake race": behind the heavy money is growth anxiety

A marathon event made the sponsor behind Xtep deeply involved in a storm of public opinion.

On April 14, in the 2024 Beijing Half Marathon, Chinese runner He Jie won the championship with a time of 1 hour, 03 minutes and 44 seconds. However, the scene showed that He Jie was suspected of being deliberately released by three foreign players to "escort" the champion, which caused a lot of controversy.

I'm afraid I'm not afraid to be afraid. In the 1970s, the 1970s, the 100,000,000,000 people who had been affected by the 2014 terror threat were not being treated as a threat.

At 10:08 a.m. on April 18, Huawei officially announced that the Huawei Pura 70 series was officially on sale and joined Huawei's "Pioneer Program". "Today, we launched the HUAWEI Pura 70 Series Pioneer Program, with the HUAWEI Pura 70 Ultra and HUAWEI Pura 70 Pro going on sale at 10:08 a.m., allowing some consumers to experience artistic and aesthetic images in advance. Huawei said in a letter to Huawei users.

SK-II's sales in China fell by 30%! Procter & Gamble: It is expected to resume growth in one or two quarters

Procter & Gamble pointed out in its Q2 financial report released in January this year that its organic sales in Greater China fell by 15% and SK-II sales in China fell by 34% due to problems such as weak markets and unfavorable positions of Japanese brands such as SK-II. Although P&G says the situation is improving, the data shows that P&G is still struggling with these factors.

30 beers were tested: Harbin beer had vomitoxin, Carlsberg had more biogenic amines

Recently, the Hong Kong Consumer Council tested 30 canned or bottled beers for the first time, and the results showed that the alcohol concentration of 6 beer samples including Harbin Beer, Shengli Beer and Young Master Beer was quite different from the label, among them, the alcohol of Harbin McDonnell Douglas beer samples was 0.97% higher than the label, and at the same time, Harbin McDonnell Douglas beer samples were also detected to contain vomitoxin, and Carlsberg beer samples were detected with the largest types of biogenic amines.