Selected financial news
Central bank intends to real estate developers, precious metals dealers, etc. into the scope of anti-money laundering investigations
Central bank announced the draft amendment to the anti-money laundering law for comment, clear that the specific non-financial institutions engaged in a particular business, it should be fulfill their anti-money laundering obligations with reference to the relevant requirements of financial institutions. The draft anti-money laundering law gives the definition of specific non-financial institutions, including: real estate development enterprises or real estate intermediaries providing housing sales and brokerage services; precious metal trading venues and precious metal dealers engaged in spot trading of precious metals. The deadline for feedback on the consultation is June 30th.
Source: Interface News
CIRC: Preventing illegal flow of business loans into real estate as a regular regulatory work
Liu Zhongrui, deputy director of the Department of Unification and Trust of the China Banking and Insurance Regulatory Commission (CBIRC), said at a CBIRC press conference on June 1 that the CBIRC has been working on the early signs of illegal flow of business loans into real estate in some cities. CIRC, together with the Ministry of Housing and Construction and the People's Bank of China, has taken measures to maintain the high-pressure situation of supervision and promote the stable and healthy development of the real estate market.
Source: China Securities Journal
Ministry of Agriculture and Rural Affairs issued "Opinions" to speed up the cultivation and development of the whole agricultural industry chain
Recently, the Ministry of Agriculture and Rural Affairs issued the "Guiding Opinions on Accelerating the Cultivation and Development of the Whole Agricultural Industry Chain" (hereinafter referred to as "Opinions"). The Opinions make it clear that by 2025, a number of agricultural "chain master enterprises" with an annual output value of more than 10 billion yuan will be cultivated, a number of typical counties with an industry chain value of more than 10 billion yuan will be created, and a number of key chains with an industry chain value of more than 100 billion yuan will be developed in the provinces.
Source: Ministry of Agriculture and Rural Affairs News Office
China Fund Association: April enterprise asset securitization products new filing scale of more than 100 billion
According to the China Fund Association WeChat public number on June 1, 2021, April, the enterprise asset securitization products *** filing confirmation 101, new filing scale totaling 119.592 billion yuan.
Source: interface news
Zhejiang issued Chinese medicine development "14th Five-Year Plan" plan plans to invest 56 billion
June 1, Zhejiang Province, the Development and Reform Commission held a "Zhejiang Province, the development of Chinese medicine "14th Five-Year Plan" news briefing. The Plan has recently been issued jointly by the Commission and the Provincial Department of Economic and Information Technology, the Provincial Department of Agriculture and Rural Affairs, the Provincial Health Commission and the Provincial Administration of Traditional Chinese Medicine. The "Plan" puts forward a list of major reforms, major policies, major platforms and major projects, including 115 major projects, involving TCM medical services, TCM industry, research and innovation, "14th Five-Year Plan" plans to invest 56 billion yuan, as the landing of the "Plan" of the important hand.
Source: Securities Times Network
(Investment adviser? Cai Jin? Registered Investment Adviser Certificate No.: S0260611090020)
Market Hot Spot Focus
Market Commentary: the index for five consecutive days of horizontal oscillation finishing, the short-term or a change in the disk may be
Tuesday the two markets index oscillation closed up. The total market turnover slightly enlarged compared to the previous trading day. Specifically, the Shanghai index closed up 0.26%, closing at 3624.71 points; the Shenzhen Composite Index rose 0.26%, closing at 15034.78 points; GEM fell 0.27%, closing at 3300.16 points.
On the disk, the two conceptual stocks, chemical stocks and pharmaceutical stocks were active, the top gainers, while the insurance sector was relatively weak. From the trend, the SSE index has been five consecutive trading days to maintain sideways, short-term or the possibility of choosing a direction, the pressure above 3650 still need to be treated with caution.
Operationally, the current overall rotation of the rhythm is dominated by, do not recommend chasing up the operation. Opportunity, the current market has no clear main line, the location of the lower, not much of the food and beverage stocks, medical beauty concept stocks and semiconductor chip stocks, the middle line is recommended to pay attention to the performance of the concept of vaccine stocks and resource-based cyclical stocks.
(Investment adviser? Yu Dechao? Registered Investment Advisor Certificate No.: S0260613080021)
Macro Viewpoint: two departments: strengthen monitoring and collaborative response to the impact of rising raw material prices on small and medium-sized enterprises (SMEs)
Wang Jiangping, vice minister of the Ministry of Industry and Information Technology (MIIT), said at a regular State Council Policy Briefing held by the State Council at the State Council Information Office on the 1st of this year, that since this year, the raw material Prices rose sharply on small and medium-sized enterprises to bring pressure. The Ministry of Industry and Information Technology will strengthen operational monitoring, stabilize market expectations, and collaborate to address the impact of rising raw material prices on small and medium-sized enterprises. Xiong Maoping, deputy director of the State Administration for Market Supervision and Administration, said at the same meeting that it will implement linkage supervision to protect the legitimate rights and interests of small and medium-sized enterprises and individual entrepreneurs.
Source: stocktimes.com
Comment: Since the epidemic, affected by the flood of liquidity, commodity prices have risen sharply, which has put greater pressure on downstream small and medium-sized enterprises. The implementation of cross-sectoral linkage regulation can, to a certain extent, reduce the pressure of rising raw materials on small and medium-sized enterprises. For resource stocks, this news is not good news.
(Investment adviser? Cai Jin? (Registered Investment Advisor Certificate No.: S0260611090020)Auto industry: the policy is again to increase + traditional car companies, the U.S. electrification development continues to accelerate
May 26, the U.S. Senate Finance Committee passed a bill: to increase the amount of tax credits for electric vehicles, and to expand the scope of its application. The credit is available in the following categories In terms of the amount of credit: the original policy stipulates that the maximum electric vehicle tax credit is $7,500; the new bill proposes to raise the subsidy ceiling for electric vehicles assembled in the United States to $10,000 (+33%), of which the subsidy ceiling for electric vehicles produced by unionized members is raised to $12,500 (+67%). In terms of the scope of application: the original policy stipulated that the tax credit benefits would no longer apply when the cumulative EV sales of a car company exceeded 200,000 units (Tesla and GM have already sold more than 200,000 units); the new bill proposes that the tax credit benefits would be gradually phased out over three years after the EV penetration rate in the U.S. exceeds 50% (in April 2021, the EV penetration rate in the U.S. will be only 3%). The bill still needs to be approved by the full Senate and House of Representatives, and will be implemented after it is signed by the president.
Source: Everbright Securities Research Report
Comment: The U.S. Senate Finance Committee put forward a proposal to promote electric vehicles, clean energy tax credits, short-term is expected to drive the domestic and international electric vehicle industry chain is expected to heat up. Domestic passenger car plate after the recovery period valuation repair is sufficient, compared with the parts plate premium is obvious, is expected to produce the whole car is expected to wave opportunities, and parts plate is expected to become the optimal configuration of the main line.
(Investment Advisor Yu Dechao Registered Investment Advisor Certificate No.: S0260613080021)
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