[This year's economic development is better than expected, and next year will further promote tax reduction and fee reductions]
On November 7, Premier Li Keqiang of the State Council presided over a symposium of experts and entrepreneurs on the economic situation to listen to opinions and suggestions on implementing the spirit of the 19th National Congress of the Communist Party of China and doing a good job in the next step of economic work. Li Keqiang pointed out that this year's economic development in China is better than expected, which effectively responds to the international argument that "China's economy should land hard" for a period of time, and the achievements should be fully affirmed, but it is also necessary to fully understand that there are still many unstable and uncertain factors in the external environment, the deep-seated structural contradictions in the domestic economy are still relatively prominent, and various risks and hidden dangers can still not be ignored. As for how to arrange economic work next year, Li Keqiang said that it is necessary to fully implement the deployment of the 19th National Congress of the Party and connect with the goal of building a well-off society in an all-round way. It is necessary to maintain the continuity and stability of macro policies, continue to deepen reform, expand opening up, further promote tax reduction and fee reduction, and reduce institutional transaction costs. (Daily Economic News)
【The year is approaching the end of the mortgage limit tightening interest rate rise】
On the 8th, the institution released monitoring data showing that in October 2017, 80 banks paid 20% of the first set of housing down payments, accounting for 15%, a decrease of 1 compared with September; 344 banks with a down payment of 30%, accounting for 64.54%, a decrease of 5 compared with September; 51 banks with a down payment of 3.5%, accounting for 9.56%; 42 bank branches (branches) that suspended the acceptance of housing loan business, accounting for 7.87%, adding 6 branches (branches) to suspend the acceptance of housing loan business compared with September. According to the analysis, this is closely related to the difficulty of finding bank quotas at the end of the year. (Economic Reference Newspaper)
【Virtual currency transactions turn into the underground Altcoin network MLM shows a rising trend】
In early September, the People's Bank of China and seven other ministries and commissions jointly issued an announcement on preventing the financing risks of token issuance, requiring the immediate suspension of various token issuance and financing activities. At the end of October, the last two bitcoin trading platforms in China were shut down. However, a recent survey found that due to the lack of basic understanding and understanding of virtual currencies by ordinary investors, some virtual currencies, especially "altcoins" that do not have any value, have been used by criminals, in the name of financial innovation, attracting many people to blindly "invest". With the release of the announcement, some virtual currency transactions began to turn underground, and a large number of over-the-counter transactions appeared, and virtual currencies involved in pyramid schemes, especially "altcoins", showed a rising trend. In this regard, the person in charge of the regulatory department said that this type of pyramid scheme is extremely hidden, the spread speed is extremely fast, the amount involved is huge, and the relevant departments urgently need to improve their law enforcement capabilities and increase the crackdown on virtual currency pyramid schemes. (Economic Reference Newspaper)
【Clean energy investment in the Chinese market exceeded US$68 billion in the first three quarters, accounting for nearly 40% of the global proportion】
The latest data show that in the first three quarters of 2017, the global scale of clean energy investment reached 182.9 billion US dollars, an increase of 2% year-on-year; of which the Chinese market investment reached more than 68 billion US dollars, accounting for 37% of the global proportion, and China has ranked first in the world's clean energy investment for five consecutive years. According to the "China Energy Finance Development Report (2017)", China's total investment demand for clean energy during the "13th Five-Year Plan" period will reach about 3.1 trillion yuan, of which hydropower investment demand is 500 billion yuan, solar energy industry investment demand is 1,000 billion yuan, wind energy industry investment demand is 700 billion yuan, nuclear energy industry investment demand is 450 billion yuan, biomass energy investment demand is 196 billion yuan, geothermal energy investment demand is 140 billion yuan。 (Securities Times)
【Price control will still be the main line of work in the future market of Moutai wine】
According to Moutai Liquor Co., Ltd., in 2017 and beyond, Moutai distribution is mainly for price control, chaos control, and stability. Ma Yupeng, assistant general manager of Guizhou Moutai Liquor Co., Ltd. and general manager of the sales company, said that after mid-March 2017, the market price of Moutai liquor set off a wave of price increases, and Moutai resolutely introduced a series of market and price measures to control and control the phenomenon of excessive prices, reluctance to sell, and hoarding of wine. Through these measures, the momentum of disorderly rise in market prices has been effectively controlled, and the balance of interests of consumers, distributors and enterprises has been maintained. (China News Network)
[Tianjin Port "Fire Brigade Leader" left the vice chairman and two directors resigned together]
A sudden announcement from Tianjin Port (600717, sh) showed that it was undergoing a major personnel change, with the resignation of Lu Wei, chairman of Tianjin Port, along with the resignation of the vice chairman and two directors. In the context of the "8.12" Tianjin Binhai New Area explosion accident, Lu Wei, who "parachuted in" from the group level and was elected by the board of directors to succeed the chairman, was called "fire captain" by the media that year. Lu Wei, who has been in office since the end of 2015, has actually been in charge of listed companies for less than two years. Li Quanyong, vice chairman of the board of directors who also resigned, has served in the senior management of Tianjin Port for more than a decade. The reporter found that the four resigned executives all had the working background of Tianjin Port (Group) Co., Ltd., the actual controller of Tianjin Port. (Daily Economic News)
[Liu Guoliang changed his identity to play table tennis and signed a contract with Agile to build a sports town]
In recent years, the construction of characteristic towns in various places has continued to heat up, and as the sports industry has gradually become one of the fastest growing industries in China, the investment enthusiasm of the "sports town" combining the two is rising. On November 7, the Daily Economic News reporter learned from the official website of Weihai Nanhai New Area in Shandong Province that the housing enterprise Agile Holdings Co., Ltd. signed an agreement with Weihai Nanhai New Area to build a sports and leisure town in Weihai Nanhai New Area. This signing has attracted much attention because of the former head coach of the national table tennis team, Liu Guoliang, the Olympic champion Wang Nan, as the initiators. (Daily Economic News)
[Lixin was fined a number of cooperative companies "people" flying around, but there is Guanghong Holdings double the commission "love" with it]
In June this year, Fong's accounting firm was exposed to the news that it had been administratively punished and suspended from undertaking new securities business. Some of the listed companies that cooperated with Fong's firm also chose to leave the relationship and terminate the cooperation. Even since Fong's reinstatement of securities business in August, some companies have replaced it. Of course, Fong's recently received some new orders, of which Guanghong Holdings is the most worth mentioning. The listed company announced on the evening of November 8 that it would renew the appointment of Fong's accounting firm as the company's financial and internal control auditor in 2017, and the financial audit salary given was doubled compared with last year. (Daily Economic News)
【Dafa Review Committee Strictly Controls The New Share Issuance Market Ecology or The Three Major Changes】
Recently, the CSRC announced the results of the 37th review meeting, and two of the three companies that participated in the meeting passed on the same day, and one was rejected. This temporarily fixed the approval rate of the "Dafa Review Committee" since the official launch of the audit work at 56.4%. The regulatory orientation of stricter IPO review has been established and will be strengthened in the work of the "Dafa Review Committee". Investment bank practitioners and industry experts expect that the new trend of supervision of strictly controlling the entrance gate may promote three major changes in the ecology of China's issuance market: first, investment banks are more prudent in their practice, and the "pass rate" is higher and lower; second, issuers are more rational and "tailor-made" to choose the market; third, in the future, as the trend of issuers making prudent declarations and intermediaries more diligent and conscientious practice deepens, the review and approval rate data will also form a new dynamic balance. (Shanghai Securities News)
【IPO dammed lake water level dropped by 30% small and medium-sized board queuing enterprises halved year-on-year】
On November 7, in the two review meetings held on the same day, only 1 of the 6 participating companies was Chunqiu Electronics. In less than a year, the number of enterprises staying in the dammed lake has decreased by 236, that is, the water level of the dammed lake has dropped by 32.6%. It is worth noting that the number of small and medium-sized board queuing enterprises has decreased by about half compared with the same period last year. Fu Lichun, research director of Northeast Securities, said that first of all, the IPO review has opened the floodgates, which is a very important background; in addition, the IPO review has accelerated. He also said that there is another important aspect that the standard has not been lowered, not as everyone said after the opening of the floodgates, and after the opening of the poverty alleviation and green channels, the audit standards of the IPO will be reduced and relaxed, in fact, it is a misunderstanding, and from the audit results of the new NDRC, in fact, the standards are improved, and now it is more stringent, so some companies know that they cannot pass the meeting, and they will withdraw it, and this proportion is still increasing. (Daily Economic News)
[This year's rise is over next year's rise, and the investment big man says that Hong Kong stocks may meet the super bull market]
The Hang Seng Index has risen 31.39% so far this year, outperforming other major market stock indexes, and there is no doubt that the bull market in Hong Kong stocks has arrived. On November 8, the 2017 Overseas Investment Summit hosted by Gelonghui was held in Shenzhen, and the meeting was attended by ba Shusong, chief economist of the Hong Kong Stock Exchange, Dan Bin, chairman of Oriental Harbor, and many Hong Kong stock investors. The reporter noted, but Bin pointed out at the meeting that his yield on Tencent Holdings was higher than that of Guizhou Moutai. And Gelong, the founder of Gelonghui, is even more optimistic about the Hong Kong stock market, he proposed that "Hong Kong stocks have risen this year, and next year they will continue to rise, and there may even be a super bull market." (Daily Economic News)
【New Refinancing Regulations Activate Convertible Bond Market 380 Billion Convertible Bonds on the Road】
On February 17, the Csrc (CSRC) revised the relevant provisions on refinancing to restrict fixed increase financing from various aspects, such as pricing rules, financing scale and frequency. Self-imposed additional issuance has been restricted, and some listed companies have turned their attention to convertible bonds. To a certain extent, convertible bonds have indeed been taken care of by the "green light". The new rules do not provide for convertible bonds, preferred shares, small and rapid financing on the ChiNext board, etc. with an interval of 18 months. According to incomplete statistics, since the beginning of the year, 129 companies have issued convertible bond plans, and they intend to raise more than 380 billion yuan. Among them, at least 85 companies have entered the CSRC's review list. (Securities Times)
【US President Trump's Visit to Beijing】
At the invitation of President Xi Jinping, US President Trump arrived in Beijing on the afternoon of the 8th and began a state visit to China. This is Trump's first visit to China since he became us president at the beginning of this year, and it is also the first state visit received by China after the victory of the 19th CPC National Congress. In addition to a full set of state activities, China will also arrange small-scale and informal interaction between the two heads of state. During Trump's visit to China, the leaders of China and the United States will once again conduct strategic communication on major issues of common concern, reach new and important consensus on the basis of the Mar-a-Lago meeting and the Hamburg meeting, deepen mutual understanding and friendship, promote exchanges and cooperation between the two countries in various fields, and draw a blueprint for the development of Sino-US relations in the new era. (Xinhua News Agency)
[Saudi Arabia anti-corruption confiscation of 800 billion US dollars, huge wealth or confiscation]
A few days ago, the new Crown Prince Bin Salman unleashed an anti-corruption storm of staggering scale and the staggering status of those involved. According to people familiar with the matter, after the arrest of dozens of princes, officials and other important personnel, Saudi Arabia arrested many people in a few days, including several important businessmen. The Saudi Central Bank said on the evening of the 7th that at the request of the Attorney General while the case was pending processing, the central bank froze the bank accounts of the people involved. The Saudi government says the wealth looted through corruption will be confiscated. The Saudi government estimates that up to 3 trillion Saudi riyals (about $800 billion) could be confiscated, and that wealth will be confiscated by the Saudi government, people familiar with the matter said. (Global Times)
【Tencent shares in snap: holding 12% of the shares】
Snap said in filings with the U.S. Securities and Exchange Commission (SEC) on Wednesday that Tencent and its affiliates acquired about 145.8 million Snap A shares in November, accounting for about 17 percent of Class A shares outstanding and about 12 percent of all outstanding shares. This makes Tencent one of Snap's major shareholders. Snap shares fell 9.1 percent in premarket trading on Wednesday, but narrowed sharply from their previous high of 21.4 percent. Snap released its third-quarter earnings report on Tuesday, with revenue growth and losses falling short of expectations, dragging stock prices down nearly 20 percent in after-hours trading. Snap closed down 14.62 percent at $12.91 on Wednesday. (Wall Street Journal)
[Apple plans to introduce facial recognition in new iPads]
According to people familiar with the matter, Apple is developing a redesigned high-end iPad, which is expected to be launched as early as 2018, and this iPad will use some of the key technologies used on the iPhone X, such as narrower bezels, the elimination of the home button and facial recognition. Apple's latest financial report shows that the sales of the new version of the iPad pro have picked up, which has also increased the company's confidence in developing a new generation of products. (Bloomberg)