Home » Stock Market News|Finance Morning News: Beijing Stock Exchange has a threshold of 500,000 yuan for individual investors; the China Securities Regulatory Commission announces the expansion of the pilot program for domestic listing of red-chip companies

Stock Market News|Finance Morning News: Beijing Stock Exchange has a threshold of 500,000 yuan for individual investors; the China Securities Regulatory Commission announces the expansion of the pilot program for domestic listing of red-chip companies

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Business Morning News Saturday, September 18

Spotlight

1. National leaders emphasized that the Shanghai Cooperation Organization should continue to promote trade and investment liberalization and facilitation, and create growth points for cooperation in digital economy, green energy, and modern agriculture. China will strive to achieve the goal of 2.3 trillion U.S. dollars in accumulated trade volume with countries of this organization in the next five years.

2. The China Securities Regulatory Commission issued the “Announcement on Expanding the Pilot Scope of Red Chip Enterprises Listing in China”. The “Announcement” stated that, except for the “Notice of the General Office of the State Council forwarding the China Securities Regulatory Commission’s Several Opinions on the Pilot Program of Innovative Enterprises Issuing Stocks or Depository Receipts in China” (Hereinafter referred to as the “Notice”) The Internet, big data, cloud computing, artificial intelligence, software and integrated circuits, high-end equipment manufacturing, and biomedicine industries are clearly defined as a new generation of information technology, new energy, new materials, new energy vehicles, Red-chip enterprises in high-tech industries and strategic emerging industries such as green environmental protection, aerospace, marine equipment, etc. will be included in the pilot program. Red-chip companies with national strategic significance apply to be included in the pilot program and are not subject to the aforementioned industry restrictions.

3. The Beijing Stock Exchange issued the “Beijing Stock Exchange Investor Suitability Management Measures (Trial)”, clarifying that the threshold for individual investors to open an account is 500,000 yuan in securities assets and requires participation in securities transactions for more than 24 months. There is no capital threshold for institutional investor access.

Industry News

1. The management agency of the Hengqin Guangdong-Macao Intensive Cooperation Zone was officially inaugurated, and the Hengqin Guangdong-Macao Intensive Cooperation Zone has entered a new stage of full implementation and acceleration.

2. The Hong Kong Stock Exchange issued a consultation document to solicit market opinions on the proposed implementation of the SPAC (Special Purpose Acquisition Company) listing mechanism in Hong Kong. The consultation document pointed out that SPAC securities will only be subscribed and traded by professional investors. The purchase and sale of shares of the successor company after the SPAC M&A transaction will not be subject to this restriction; the sponsor of the SPAC must meet the suitability and qualification requirements, and at least one of the sponsors of the SPAC must be a SFC-licensed company and hold at least 10% of the sponsor Shares.

3. In order to further optimize the public information of securities trading, the Shanghai Stock Exchange has decided from October 8, 2021, to deviate from the increase and decrease of the day closing price of the auction trading to ±7%, the daily price amplitude to 15%, and the daily exchange rate. In each of the three situations where the hand ratio reaches 20%, the top 5 only have stocks and closed-end funds with price increase and decrease restrictions. The names of the five member business departments with the largest purchase and sale amounts on the day and their purchases and sales will be announced. Amount.

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4. The Shanghai and Shenzhen Stock Exchanges respectively issued the “Shanghai Stock Exchange Securities Issuance and Underwriting Business Guide No. 3-Stock Code Management” and “Shenzhen Stock Exchange Stock Issuance and Underwriting Business Guide No. 3-Stock Code Management”, Effective from October 1, it is clear that issuers can determine the stock code by lottery selection and other methods. If the lottery number selection method is adopted, the Shanghai and Shenzhen Stock Exchange’s issuance and underwriting business system will randomly select 10 alternative codes from the first 100 unused codes (in ascending order) from the stock code segment corresponding to the sector that the issuer intends to list. Choose one of them as the stock code.

5. According to the Shanghai Securities News, in response to whether Huabei fully integrated into the credit information system of the People’s Bank of China, Huabei replied that since last year, Huabei has been gradually and orderly promoting access to the basic financial credit information database (ie, the People’s Bank of China). Credit information system). Under the premise of user authorization, Huabei’s related information will gradually be incorporated into the credit investigation system.

6. According to the China Manned Space Engineering Office, at 13:34 on September 17, 2021, Beijing time, the return module of the Shenzhou 12 manned spacecraft successfully landed at the Dongfeng Landing Site. The astronauts Nie Haisheng, Liu Boming, and Liu Boming on the flight mission Tang Hongbo exited the cabin safely and in good physical condition. The first manned mission of the space station stage was a complete success.

7. Wang Zhiqing, deputy minister of the Ministry of Transport, stated that the Ministry of Transport should actively support the development of intelligent and connected new energy vehicles, research and launch green development action plans and public sector new energy vehicle operation subsidy policies.

8. According to the website of the State Administration for Market Regulation, the State Administration for Market Regulation (Standards Committee) recently released a number of important national standards in areas such as public safety, green sustainability, and high-tech, to give full play to the supporting role of standards in economic and social development. .

9. According to the website of the State Administration of Radio, Film and Television, the State Administration of Radio, Film and Television has decided to stop using radio, television and online audio-visual programs to promote and sell betel nut and its products from now on.

10. Douyin announced the upgrade of youth anti-addiction measures. All real-name authentication users under the age of 14 have entered the youth mode and cannot log out by themselves. In this mode, the user can only use it for no more than 40 minutes a day, and cannot use it from 22:00 to 6:00 the next morning.

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IPO situation

1. The China Securities Regulatory Commission issued the IPO approval documents for Dechang and Fleinant; Zhenyang Development and Fujia Industrial will attend the meeting on September 23.

2. Huazhuo Jingke Science and Technology Innovation Board had its first launch meeting, but Haihe Pharmaceutical was rejected.

3. The Shenzhen Stock Exchange terminated the listing review of Quantum International Growth Enterprise Market.

Company headlines

1. Yirui Technology announced that the 28.39% shareholders of Tianjin Sequoia, Beijing Sequoia, Suzhou Northern Lights, Shanghai Chendai, Chende Chunhua, Suzhou Chenzhide and other companies will reduce their holdings by no more than 16.11%. Shares.

2. CRSC announced that from July to August, the company won bids for seven important projects in the rail transit market, with a total bid amount of approximately RMB 2.231 billion, accounting for approximately 5.56% of the company’s audited operating income in 2020.

3. *ST King Kong announced that it was recently discovered through the National Bankrupt Enterprise Reorganization Case Information Network that the company has been filed for bankruptcy and reorganization by creditors. At present, the company has not yet received the relevant legal documents and materials from the court regarding the above-mentioned company’s application for bankruptcy and reorganization, and the creditor’s rights litigation disputes involved cannot be determined for the time being.

4. COSCO Shipping issued an announcement stating that the China Securities Regulatory Commission’s Listed Companies Mergers and Acquisitions and Reorganization Review Committee will hold a working meeting of the Mergers and Acquisitions Reorganization Committee at 9:00 am on September 24, 2021, to review the company’s issuance of shares to purchase assets and raise supporting funds and related transactions. . Trading of the stock was suspended on the same day, and the company will announce and resume trading after receiving the review result of the M&A and Restructuring Committee.

5. *ST Jinzhou announced that the company received the “Case Initiation Notice” from the China Securities Regulatory Commission on the same day. Due to the company’s suspected information disclosure violations and violations, according to the “Securities Law of the People’s Republic of China”, “Administrative Punishment Law of the People’s Republic of China” and other laws Regulations, the China Securities Regulatory Commission decided to file a case against the company.

6. Qingshuiyuan announced that the company’s stocks had a cumulative deviation of 100% from the closing price increase for 7 consecutive trading days from September 9 to September 17, 2021, which was a serious abnormal fluctuation in stock trading. The company will conduct inspections on serious abnormal fluctuations in stock transactions. Trading of the company’s shares will be suspended from the market opening on September 22, 2021 (Wednesday), and trading will resume after the disclosure of the verification announcement.

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7. Tencent issued a statement on the adjustment of the “WeChat External Link Content Management Standards” on its WeChat. The statement stated that under the guidance of the regulatory authorities, the external chain management measures will be implemented in phases and steps. The first phase will be implemented from September 17, including that users can access external links in one-to-one chat scenarios; Provide measures such as the effectiveness of the management of the platform, the establishment of credit ratings and other measures.

8. Hengrun shares announced that the company’s shareholder Jiarun International Investment Co., Ltd. intends to reduce the number of shares of the company by no more than 9.331 million shares, accounting for 3.52% of the company’s total share capital; Zhituo Group (Hong Kong) Internet Consulting Co., Ltd. plans to pass The number of shares of the company to be reduced did not exceed 7,287,300 shares, accounting for 2.75% of the company’s total share capital.

9. Guangyu Development announced that it received a letter of concern from the Shenzhen Stock Exchange. Since the disclosure of the major asset replacement announcement on September 6, the company’s stock transactions have repeatedly touched abnormal stock price fluctuations. As of the close of September 17, the company’s stock price has increased by 159.34%. The Shenzhen Stock Exchange requires the company to combine the main financial data of the target Luneng New Energy to explain whether the asset replacement may cause large fluctuations in the company’s operating performance, and fully remind the relevant risks involved in this reorganization.

overseas market

1. According to Reuters news, Facebook said that the company is taking a more active approach to close real user account organizations that engage in certain harmful activities on its platform. The security team’s strategy is the same as that of countering fake account promotions.

2. According to Reuters news, French automaker Renault said on Thursday that it would cut up to 2,000 engineering and support positions in France, shift to the electric vehicle field and recruit in other positions. The company said it will recruit 2,500 employees in other functional departments, and will create a net of 500 new jobs overall. Its goal is to produce 9 new models in France. The company said in a statement that it is in talks with the union on the latest plan.

3. According to a statement submitted by SoftBank Group to the US Securities and Exchange Commission (SEC), on September 14, SoftBank sold 57 million shares of South Korean e-commerce giant Coupang at a price of US$29.685, with a transaction value of approximately US$1.69 billion. . However, SoftBank is still Coupang’s largest shareholder.

(Edit: Du Yanan)

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