Today's attention //
1. China's RMB deposits fell sharply by nearly 4 trillion yuan in April
2. There is new news about the new commission regulations, and the stock fund transfer and settlement model has ushered in new requirements
3. The type of private placement cancellation has been added to "12 months of cancellation without management"
4. Information such as the real-time transaction amount of northbound funds will no longer be disclosed from May 13
5. The China Securities Regulatory Commission filed an investigation against Ruifengda
6. The special information has been false in its financial reports for five consecutive years, and the regulators have struck hard
7. Country Garden Real Estate has completed the interest repayment of "23 Country Garden MTN002" within the grace period
8. Tesla's German factory was protested by nearly 1,000 people against the expansion
Macro Warning //
1. China's RMB deposits fell sharply by nearly 4 trillion yuan in April
China's renminbi deposits fell sharply by nearly 4 trillion yuan in April, drawing market attention. Among them, corporate deposits decreased by 1.87 trillion yuan, a year-on-year decrease of 1.73 trillion yuan, and resident deposits decreased by 1.85 trillion yuan, a year-on-year decrease of 650 billion yuan. Industry insiders believe that the relatively large contraction of RMB deposits is due to seasonal patterns on the one hand, and on the other hand, due to the guidance of regulators, banks have taken the initiative to reduce high-interest liabilities.
China Bond Alert //
1. Country Garden Real Estate Group: "23 Country Garden MTN001" and "23 Country Garden MTN002" will complete interest repayment within the grace period
Country Garden Real Estate Group Co., Ltd. announced that the interest repayment of the two bonds was completed within the grace period, namely: "23 Country Garden MTN001" with interest payable at 30.4 million yuan and interest during the grace period of 6,829.59 yuan, and "23 Country Garden MTN002" with interest payable at 35.55 million yuan and interest of 8,278.77 yuan during the grace period.
China Stock Alert //
1. Information such as the real-time transaction amount of northbound funds will no longer be disclosed from May 13
HKEX said that the adjustment of the real-time trading volume and daily quota balance of northbound trading will be officially implemented on May 13, and information such as the real-time buying transaction amount, selling transaction amount and total transaction amount of northbound funds will no longer be disclosed. The Shanghai and Shenzhen Stock Exchanges have adjusted the after-hours disclosure arrangement to disclose the total trading volume and total number of Stock Connect, the total trading volume of ETFs, the list of the top 10 actively traded securities and their total trading volume after the market closes on a daily basis, and publish the summary of the above data on a monthly and annual basis. On the 5th trading day of each quarter, the total number of shares held by investors in a single security at the end of the previous quarter will be announced.
2. The market value of A-shares lifted this week was nearly 40 billion yuan
This week, a total of 62 companies in the domestic market have lifted the ban on restricted shares, with a total of 2.85 billion shares, and the total market value of 39.979 billion yuan is calculated according to the closing price on May 10. The top three stocks in terms of market capitalization are: Yahuilong (7.613 billion yuan), Bozhon Seiko (7.015 billion yuan), and Maixinlin (2.276 billion yuan).
3. The special information has been false in its financial reports for five consecutive years, and the regulators have struck hard
There have been false records in the annual report of the special information for 5 consecutive years, and a number of former executives of the company, including the former chairman, are planned to be fined up to 4 million yuan, and they are to be banned from the capital market for up to 10 years. The special information will be suspended for one day on May 13, and trading will resume from the opening of the market on the 14th, and the stock abbreviation will be changed to "ST Special Letter".
4. Strait Innovation and Huijin Co., Ltd. received the "Prior Notice of Administrative Punishment"
Strait Innovation and Huijin received the "Prior Notice of Administrative Punishment", and the company's shares were suspended for one day on May 13.
5. *ST Meishang's 2017 financial report will be warned: the visit workflow is in the form, etc
The Beijing Securities Regulatory Bureau issued an announcement that due to the problems related to the audit project of *ST Meishang's 2017 financial statements, it decided to issue a warning letter to the company's auditor Guo Xiang for relevant violations.
6. Muyuan shares received the annual report inquiry letter, and the Shenzhen Stock Exchange asked to analyze and explain the impact of the pig price trend on the company's operating performance
Muyuan shares received the annual report inquiry letter, the Shenzhen Stock Exchange required the company to combine the development status and trend of the industry, its own operating conditions and planning, pig breeding costs and changes and other factors, analysis and explanation of the impact of pig price trends on the company's operating performance.
7. Yuyuan shares: terminate the 2023 private placement of shares and withdraw the application documents
Yuyuan Co., Ltd. announced that after comprehensive consideration of the current capital market environment, the company's development plan, safeguarding the interests of existing shareholders and other factors, after full communication and prudent analysis by relevant parties, the company decided to terminate the issuance of A shares to specific targets in 2023, and applied to the Shanghai Stock Exchange to withdraw the relevant application documents.
8. Yangpu Medical: The chairman and general manager of the company was released from lien
Yangpu Medical announced that the company received a notice from Deng Guanhua's family that he received the "Notice of Lifting Retention in Custody" issued by the Guangdong Provincial Supervision Commission, and the Guangdong Provincial Supervision Commission has lifted the retention in custody measures against Deng Guanhua.
9. Tianyu Digital: The chairman of the board of directors was placed on file for investigation and placed in lien
Tianyu Digital announced that it received the "Notice of Case Filing" and "Notice of Retention in Custody" from the Ningxia Hui Autonomous Region Supervision Commission, and Xu Dewei, chairman and general manager of the company, was investigated and placed in custody by the Ningxia Hui Autonomous Region Supervision Commission on suspicion of joint violations of duty.
10. Capital Securities: Shareholder City Power intends to reduce its holdings of no more than 1% of the company's shares
Capital Securities announced that City Power, a shareholder holding 2.9965% of the shares, plans to reduce its holdings of no more than 27.33 million shares of the company through auction transactions within 3 months after the end of 15 trading days from the date of disclosure of this announcement, accounting for no more than 1% of the company's total share capital, and the reduction price is determined according to the market price.
Overseas Warning //
1. Iraq will oppose OPEC+ to extend oil production cuts
Iraq's oil minister, Hayan Abdul Ghani, said Iraq's goal is to increase crude oil reserves to more than 160 billion barrels. Iraq will oppose the extension of OPEC+ oil production cuts. According to the data, Iraq now has 145 billion barrels of proven oil reserves, which can be exploited for 96 years at the current rate of extraction.
2. The IRS suspects that Trump owes more than $100 million in taxes
The IRS has been investigating former U.S. President Donald Trump's Trump Tower's huge losses for a long time, suspecting that he may owe more than $100 million in taxes.
3. Tesla's German factory was protested by nearly 1,000 people against the expansion
On May 11, nearly 1,000 protesters gathered outside Tesla's Gigafactory in Glenheide, Brandenburg, Germany, to protest against Tesla's proposed expansion plans. Since the beginning of this year, Tesla's share price has fallen by more than 32%, and its market value has evaporated by 255.1 billion US dollars, or about 1.85 trillion yuan.
4. A Japanese Boeing 747 cargo plane returned due to hydraulic system failure
A Japanese Boeing 747 cargo plane returns due to hydraulic system failure. It is reported that the plane is a cargo plane of the American Polar Cargo Airlines, which took off from Narita Airport in Japan to Singapore, and temporarily returned due to a failure of the hydraulic system during the flight, and made an emergency landing at Narita Airport. A total of 4 people were on board, and no one was injured.
5. On the first day of the listing of the nuclear fission company Oklo, it was tragically "cut in half"
Altman, the "father of ChatGPT", feels the cruel side of the capital market. On May 10, nuclear fission company Oklo was listed on the New York Stock Exchange, and on its first day of listing, the company's shares suffered a sharp sell-off, and the company's stock price plummeted 54%. The company bears the popular label of "AI data center + nuclear fission" and is chaired by Sam Altman, CEO of artificial intelligence (AI) giant OpenAI. Oklo is still in the storytelling phase and has not generated revenue to date and has not deployed any nuclear power plants.
6. Due to the impact of geomagnetic storms, SpaceX's "Starlink" satellite service has deteriorated
Musk's SpaceX Starlink satellite unit has warned that Starlink's services have been degraded due to solar activity as the Earth is hit by the largest geomagnetic storm in two decades. Musk previously said that the Starlink satellite was under a lot of pressure due to the geomagnetic storm, but it has been maintained so far.
7. Due to the unprovoked activation of the automatic emergency braking system, the NHTSA of the United States once again launched an investigation into the Fisker car
The National Highway Traffic Safety Administration has launched a preliminary investigation into the Fisker Ocean SUV. The survey was for 6,813 vehicles manufactured in 2023 after user complaints that the automatic emergency braking system equipped with the car would activate unexpectedly when there was no obvious obstacle ahead.
8. Oil giant ExxonMobil was ordered to pay $725 million in damages to a former employee
A jury in Pennsylvania, USA, ordered ExxonMobil to pay $725 million in damages to a former mechanic with rare leukemia. The mechanic said benzene, a toxic chemical in ExxonMobil gasoline and solvents, caused him to develop cancer.
Financial Interbank Warning //
1. There is new news about the new commission regulations, and the stock fund transfer and settlement mode has ushered in new requirements
According to China Fund News, there is new news about the new commission regulations. AMAC recently conducted training on the "Regulations on the Administration of Securities Transaction Costs of Publicly Offered Securities Investment Funds", further strengthened the relevant requirements of the "Regulations", emphasizing that it is strictly forbidden to link commissions with the scale of fund sales and holdings, it is strictly forbidden to promise securities trading volume or use commissions to exchange sales, and sales personnel are not allowed to participate in the commission distribution process. In addition, at present, there is news in the industry that the stock fund has been converted to the brokerage settlement model or has been temporarily "suspended". According to industry insiders, the training made it clear that the old product conversion coupon settlement model must be prudent, and the future special inspection may focus on spot checks.
2. State Administration of Financial Regulation: Be alert to the risk of "agency rights protection" in the financial field
The State Administration of Financial Supervision issued the "Reminder on Vigilance against the Risk of "Agency Rights Protection" in the Financial Sector, reminding consumers to express their demands through formal channels and protect their rights rationally in accordance with the law. It is reported that the financial consumer protection service platform has been put into trial operation, and the platform has opened two functions: complaint handling and dispute mediation.
3. Ren Chunsheng, head of the preparatory group of the Complaint and Mediation Center of the State Administration of Financial Regulation, was subject to disciplinary review and supervision investigation
Ren Chunsheng, head of the preparatory group of the Complaint and Mediation Center of the State Administration of Financial Regulation, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review by the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the State Supervision Commission in the State Financial Supervision and Administration and the supervision and investigation of the Tongzhou District Supervision Commission of Beijing.
4. The China Securities Regulatory Commission filed an investigation on Zhejiang Ruifengda Asset Management Co., Ltd
The China Securities Regulatory Commission said that recently, the media reported that the actual controller of Zhejiang Ruifengda Asset Management Co., Ltd. "ran away", which attracted the attention of all parties. The China Securities Regulatory Commission attaches great importance to it and acts quickly to organize the China Securities Regulatory Bureau, the Asset Management Association and other relevant units to carry out verification. Judging from the current situation, Ruifengda Company is suspected of a number of violations of laws and regulations, and the China Securities Regulatory Commission has decided to file a case for investigation and strictly deal with it in accordance with the law. The China Securities Regulatory Commission (CSRC) has informed the public security organs and others of the situation and strengthened coordination and cooperation.
According to people familiar with the matter, most of Ruifengda's private equity investors are institutions, and the company's products have yielded nearly 8 times in the past two years. Brokerage asset management sources said that Ruifengda's method is rare, and Jiangsu Ruizhu's private equity product holdings are highly overlapping with Ruifengda's heavy position company, which completes the transfer of funds through high-priced shares with poor liquidity.
5. The securities regulatory bureaus in many places have taken action, and the head securities companies have been intensively taken regulatory measures
Recently, securities firms have been frequently subject to administrative supervision measures or administrative penalties by regulatory authorities. Under the tone of strengthening the foundation and strict supervision and management, supervision presents three major characteristics: denser release, faster implementation, and heavier punishment.
6. The type of private placement cancellation has been added to "12 months of cancellation without management"
The website of AMAC announced 96 cancelled private equity fund managers, and the above-mentioned 96 cancelled private equity cancellation types are all "12 months of non-management cancellation", which is the first time that the association has cancelled private placements on this ground.
7. The "Matthew effect" in the public fund industry is intensifying, and some small and medium-sized fund companies are seeking a way out by increasing their capital and "blood transfusion".
The "blood transfusion" of small and medium-sized fund companies has become the norm, and Xinwo Fund has increased its capital twice in a row in May. According to the national enterprise credit information publicity system, since May, Xinwo Fund has increased its capital twice in a row, and the registered capital has increased from 140 million yuan to 140.4 million yuan, and then to 155.96 million yuan, with a total capital increase of 15.9653 million yuan, and the capital increase has reached 11.40%.
8. A number of private placements have been revoked from their manager registrations due to serious violations
AMAC has recently announced a number of disciplinary punishment decisions, and a number of private placements have been revoked from their manager registrations due to serious violations. Among them, a private equity fund was punished for disclosing false fund net value information, and the investor invested 2 million yuan in the principal and almost "wasted", leaving only 65,800 yuan.
9. Jiangxin Fund announced that 5 executives resigned
Jiangxin Fund announced the change of senior management, with Deputy General Manager Zheng Yu, Deputy General Manager Wang Anliang, Deputy General Manager Li Zhen, Deputy General Manager Wang Peng, and Chief Information Officer Fu Ming all leaving their posts on May 10. Among them, except for Zheng Yu, who left office because of retirement, the remaining 4 people left for personal reasons. Comparing a prospectus in April, it will be found that after that, there are only 3 senior executives left in Jiangxin Fund, General Manager Yuan Liang, Chief Inspector Zheng Qingli and Deputy General Manager Yu Haoliang.
10. There are 5 more places that cancel the business qualification of the gold exchange, and the gold exchange is withdrawing from the historical stage of urban investment and financing
Shenzhen, Shandong, Jilin, Jiangxi, Qingdao and other five places have successively issued documents announcing the cancellation of the gold exchange in their jurisdictions and reminding them of related risks. On the basis of banning the business qualifications of the gold exchange, the local financial regulatory authorities in many places have emphasized that there are great financial risks and hidden dangers in the "fake gold exchange", and investors should improve their risk identification ability, establish a correct investment concept, and choose legal investment channels. Dingrong, as well as the gold exchange, are destined to withdraw from the historical stage of urban investment financing.
11. The three vice presidents resigned intensively, and the position of general manager was vacant for one year, and the senior management team of Jintai Insurance fell into an embarrassing situation
According to the brokerage China, the position of general manager needs to be filled, and the deputy general manager has been lost one after another, and the senior management team of Jintai Insurance seems to be in an embarrassing situation. According to the company's solvency report for the first quarter of 2024, three vice presidents of the company left one after another in the first quarter.
Industry Warning //
1. Many places refute rumors about the price increase of residents' electricity prices from June 1
A news about the adjustment of residential electricity prices has recently attracted the attention of many netizens. According to the news, the valley peak pricing will be canceled from June 1, and the price will be changed to segment pricing, and the electricity bill will rise. The hotline staff of State Grid Hubei Electric Power Co., Ltd. said that they had not received the relevant notice. Officials in Sichuan, Jiangsu and other places also refuted the rumors.
2. Wang Guoan, the founder of Hanhou, responded to the tax arrears of his enterprises: mainly due to late fees caused by incorrect tax declarations
According to the Daily Economic News, from the auction of luxury houses to repay debts, to corporate tax arrears, the well-known domestic cosmetics Han Hou and its founder have been in turmoil recently. Wang Guoan, the founder of Hanhou, responded to the tax arrears of his company, saying that it was mainly due to late fees caused by incorrect tax declarations.
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