The State Council issued opinions on further releasing consumption potential and promoting sustained recovery of consumption.
The State Council issued opinions on further releasing consumption potential and promoting sustained recovery of consumption. The opinion calls for more efforts to help enterprises out of difficulties around the main body of the insurance market. In-depth implementation of tax reduction, tax rebate and fee reduction policies to support manufacturing, small and micro enterprises and individual industrial and commercial households. By cutting interest rates and fees, we will promote the financial system to benefit the real economy. Guide financial institutions to optimize credit management, provide financing support to enterprises in industries seriously affected by the epidemic, and avoid restricting loans, withdrawing loans and stopping loans in industries. We will continue to implement the policy of reducing unemployment insurance and industrial injury insurance rates by stages. For enterprises that do not lay off employees or lay off fewer employees, the policy of stable return of unemployment insurance will be implemented. Clean up the unreasonable price increase in the power supply link. Take effective measures to stop arbitrary charges, apportionment and fines. Encourage qualified areas to carry out regular nucleic acid testing for employees in retail, catering and other industries free of charge, and subsidize the cost of epidemic prevention and disinfection of enterprises. Implement measures to support poor industries such as catering, retail, tourism, civil aviation, highways, waterways and railways. Encourage local governments to increase their assistance, support various regions to introduce measures such as tax reduction and exemption according to law in light of actual conditions, implement policies such as phased preferential electricity use and suspension of payment of endowment insurance premiums for extremely poor industries, give appropriate assistance to small and micro enterprises renting non-state-owned houses and individual industrial and commercial households in service industries, and stabilize more consumer service market players.
Source: China Government Network
Heavy! The central bank called a meeting between financial institutions and 12 real estate enterprises, which involved the bail-out of M&A business.
The central bank of the Internet Information Office convened a meeting between commercial banks and a number of real estate companies, covering real estate mergers and acquisitions. The participating enterprises mainly include Shimao Group, COFCO Holdings, Evergrande Group, Caesars and other 12 real estate enterprises. People close to Zhongliang confirmed that the news was true and the meeting did take place. The meeting mainly talked about the disposal of non-performing assets. A person from Sunshine City told reporters that there was indeed a meeting. At present, AMC institutions are willing to undertake such business.
Source: china securities journal.
The State Tobacco Monopoly Bureau has issued some policies and measures to promote the legalization and standardization of e-cigarette industry.
In order to strengthen the management of e-cigarettes, ensure people's health and life safety, solve outstanding problems in the e-cigarette market and industry, and promote stable, orderly and standardized development, according to the Tobacco Monopoly Law of People's Republic of China (PRC), the Law of People's Republic of China (PRC) on the Protection of Minors, the Regulations for the Implementation of the Tobacco Monopoly Law of People's Republic of China (PRC), and the Measures for the Administration of E-cigarettes (AnnouncementNo. 1 of the State Tobacco Monopoly Bureau in 2022), Mandatory national standards for e-cigarettes (GB 4 1700-2022) and other laws, regulations and normative documents, the State Tobacco Monopoly Bureau formulated and issued the "Regulations on Promoting E-cigarettes".
Source: State Tobacco Monopoly Bureau.
General Administration of Market Supervision: In 2022, special enforcement actions against unfair competition will be launched.
The General Administration of Market Supervision recently issued a notice to deploy and carry out special enforcement actions against unfair competition in 2022, highlight key points, standardize competition and promote the construction of a unified national market. The special law enforcement action highlights five key points: highlighting key areas, focusing on the competition order in areas such as people's livelihood and new consumption, important commodities and factor markets, and new economy. Highlight key industries, focusing on the management of early education, intermediary, third-party evaluation, medical beauty hair transplant and other industries chaos.
Source: General Administration of Market Supervision
How will the independent personal pension develop in the future? Multi-sector response
At the routine briefing on the State Council policy held on 25th, Ministry of Human Resources and Social Security and relevant officials of the Ministry of Finance introduced the opinions of the General Office of the State Council on promoting the development of individual pension.
The person in charge of Ministry of Human Resources and Social Security said that the individual pension is a supplementary pension insurance system supported by government policies, voluntarily participated by individuals and operated in a market-oriented way. The expenses shall be borne by the participants themselves and shall be fully accumulated. The annual payment limit is 12000 yuan. The funds in the personal pension fund account are used to purchase financial products such as bank wealth management, savings deposits, commercial pension insurance and Public Offering of Fund. , participants can choose independently. China will implement it step by step according to the actual situation, and gradually push it forward, and select some cities to try out 1 year first, and then summarize and popularize it.
The person in charge of the Ministry of Finance said that the state will formulate preferential tax policies for personal pensions, encourage individuals to participate in insurance, and support the insured to enrich the personal pension fund reserves in a market-oriented way.
The person in charge of the China Banking Regulatory Commission said that it is studying and formulating the Measures for the Administration of Personal Pension Business of Commercial Banks and other relevant policies to ensure the introduction of more bank insurance products with safe operation, stable maturity, standardized target and long-term value preservation.
The person in charge of the CSRC said that the supporting rules and regulations for personal pension investment in Public Offering of Fund will be issued promptly to ensure the safe operation of pension investment and promote the high-quality development of personal pension.
Source: CCTV news client
(investment consultant? Jin Cai? Certificate number of registered investment consultant: S02606 1 1090020)
Second, the focus of market hotspots
Market Comments: The three major indexes fell in volume, and the Shanghai Composite Index fell by 3,000 points.
On Monday, the market index of the two cities fell, and the total market turnover was enlarged compared with the previous trading day. Specifically, the Shanghai Composite Index closed down 5. 13% to 2,928,438+0 points; The Shenzhen Component Index fell 6.08% to close at 10379.28; Growth enterprise market fell 5.56% to close at 2 169.00.
On the surface, except for some real estate infrastructure stocks, other stocks with the highest gains are relatively independent, and the overall market is dominated by decline. From the trend point of view, the three major indexes fell in volume and fell on the hearts of most investors, but the key point was 3000 points, and the market pessimism spread rapidly. It is expected that the index will continue to be under pressure in the short term, waiting for the market to shrink and stabilize.
In operation, although the current position is at a relatively low point in history, the market liquidity is not good. It is not recommended to blindly bargain-hunting, and it is also forbidden to panic and fall, and then look for operations when the market stabilizes. In the medium term, it is recommended to pay attention to high-quality leading enterprises such as lithium batteries, chips, photovoltaics, wind power equipment, brokers, banks, and stocks with good performance.
(investment consultant? Yu dechao? Certificate number of registered investment consultant: S02606 1308002 1)
Macro perspective: the central bank: cut the foreign exchange deposit reserve ratio of financial institutions 1 percentage point.
In order to improve the ability of financial institutions to use foreign exchange funds, the People's Bank of China decided to reduce the foreign exchange deposit reserve ratio of financial institutions by 1 percentage point from May 2022, that is, the foreign exchange deposit reserve ratio was reduced from the current 9% to 8%.
Source: CCTV Finance
Comments: As of the end of March, the balance of foreign currency deposits was 1.05 trillion US dollars. Lowering the foreign exchange reserve ratio from the current 9% to 8% means that the reserves deposited by financial institutions in the central bank can be reduced by 654.38+000 billion US dollars from June 5. The purpose of the central bank's move is to increase the supply of funds for foreign exchange loans of financial institutions, which is conducive to stabilizing the RMB exchange rate.
(investment consultant? Jin Cai? Certificate number of registered investment consultant: S02606 1 1090020)
Securities industry: the regulatory authorities continue to make a sound to stabilize the market, and the valuation of the sector is expected to be repaired.
Last week, the average daily turnover of the market dropped by 1 10 billion to 0.8 trillion, a recent low. The balance of financial integration (4.2 1) continued to drop to 1.6 1 trillion. At the policy level, regulators maintain the stability of the capital market through multi-channel statements: 1. The two sessions held a special meeting to convey the spirit of the Finance Committee meeting, support the smooth operation of the capital market, and encourage domestic and foreign institutions to carry out medium and long-term value investment; Perfecting the financial innovation system and serving high-tech enterprises; Promote the establishment of a financial stability guarantee fund to prevent and control the occurrence of systemic financial risks. 2. The CSRC held a forum for institutional investors to discuss the high-quality development of the capital market and guide medium and long-term funds to enter the market, clearly promote the reform of the capital market, improve the ecology, encourage the improvement of investment assessment methods, establish the concept of value investment, guide institutional investors to participate in listing governance, improve market supply from the source, and reduce market fluctuations.
Source: Dongxing Securities Research Report
Comments: With the continuous advancement of capital market reform, the position of the securities industry in the financial system is expected to continue to improve, and there is much room for improvement in operating performance and even valuation. And after a long period of adjustment, the valuation level of the core value target of the plate has fallen back to a low level, and the investment value of the related target is prominent.
(investment consultant Yu Dechao registered investment consultant certificate number: S02606 1308002 1)
Third, the new share subscription tips
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Four. Key stock recommendation
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