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2065438+May 2006, did the national supervision of private equity funds and bond funds have an impact on the stock market?
On April 15, 2005, China Fund Industry Association officially issued the Measures for the Administration of Private Fund Raising, which clarified the main bodies of two types of private fund raising institutions, and fund raising institutions should undertake the responsibility of screening and identifying qualified investors, and introduce fund account supervision institutions to ensure the original return of funds. Measure no 20 16 came into effect on July 6, 2006. During the three-month transition period from release to implementation, the fundraising institution must complete the relevant behavior rectification and internal system construction as soon as possible.

Three private fund managers were disqualified.

On April 15, China Fund Industry Association announced that it had decided to give disciplinary punishment to Admiralty Safran, Admiralty Principal and CIC Jinhui for canceling the registration of managers, publicly condemned the responsible personnel and added them to the blacklist. In addition, Huaxing TEDA, a private equity firm that has received disciplinary notice in advance, applied for cancellation of administrator registration after the interview.

The CSRC has taken administrative supervision measures against a number of fund companies.

The CSRC informed the recent annual special inspection of securities and futures institutions. It is proposed to suspend Baoying Fund Management Co., Ltd.' s application for registration of public offering fund products for 3 months; It is planned to take administrative supervision measures and order three fund subsidiaries, including Minsheng Jiayin Asset Management Co., Ltd., to make corrections and suspend the filing of asset management plans for specific customers for three months; It is planned to take administrative supervision measures and order Heilongjiang Roewe Investment Consulting Co., Ltd. to make corrections and suspend new customers for 3 months.

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I. Macro copy and data

1. Bureau of Statistics: GDP in the first quarter 15.85 trillion, up 6.7% year-on-year. Guotai Junan Ren Zeping said that data such as physical production and data such as money and credit support each other, and the economic recovery is strong, which is expected to last until the end of the second quarter and the beginning of the third quarter. Maintain short-term W-shaped and long-term L-shaped judgments on the economy.

2. Central Bank: In the first quarter, the scale of social financing increased by 6.59 trillion yuan, an increase of 1.93 trillion yuan year-on-year; Rmb loans increased by 46 1 trillion, up by 930 1 billion year-on-year. At the end of March, the stock of social financing scale was 144.75 trillion, a year-on-year increase of13.4%; The M2 balance was 65,438+044.62 trillion, up 65,438+03.4% year-on-year.

3. China Merchants Bank: The explosive growth of social finance in the first quarter mainly benefited from the infrastructure and real estate demand brought by steady growth measures. However, the current high credit growth is inconsistent with the goal of deleveraging and de-capacity, and the leverage ratio of enterprises is close to the limit. Therefore, it is not excluded that the central bank has the risk of tightening the bank credit policy, and the high credit growth is difficult to sustain.

4. Ministry of Finance: In March, the national general budget revenue was1151billion, up by 7.1%year-on-year; General public budget expenditure167.88 billion, up 20. 1% year-on-year. Stamp duty on securities transactions was 35.6 billion, down 15.7% year-on-year.

5. Bureau of Statistics: In March, the added value of industrial enterprises above designated size actually increased by 6.8% year-on-year, which was 1.4 percentage points faster than that in February; The national investment in fixed assets was 8,584.3 billion yuan, with a year-on-year nominal increase of 10.7%. The total retail sales of social consumer goods was 2511.40 billion, with a nominal year-on-year increase of 1.5%.

6. Central Bank Governor Zhou Xiaochuan: Debt-to-equity swap is a new policy, and some details are still under discussion. Debt-to-equity swap is mainly aimed at companies with relatively high leverage ratio, not at a certain type of enterprises with specific scale or property rights structure. Large enterprises borrow more, and the leverage ratio is naturally higher. This policy can help them reduce leverage.

7. Central Bank: In March, the central bank's foreign exchange holdings decreased by 1, 447,438+billion yuan to 23.84 trillion yuan, and the decline continued to narrow. A 7-day reverse repurchase operation of 35 billion yuan was conducted on Friday, and the winning bid rate was flat at 2.25%. On the same day, 20 billion reverse repurchase expired. This week's net investment was 70 billion yuan, and last week's net withdrawal was 275 billion yuan.

8. SSE: The central bank recently held a meeting to further demonstrate the establishment of a national bill exchange. The discussion mainly focused on whether to enforce electronic bills. The nature, access organization and operation flow design of the bill exchange dominated by the central bank are also under discussion. The exchange is likely to be located in Shanghai.

9. Liang Tao, Vice Chairman of China Insurance Regulatory Commission: The domestic supervision system of systemically important insurance institutions is an insurance supervision system with China characteristics based on international experience. Next, the CIRC will publish a series of related systems and the first list of domestic systemically important insurance institutions.

10, central bank: in March, the bond market * * * issued 4 trillion bonds of various types; The money market turnover was 62. 1 trillion, a year-on-year increase of104.2%; In the inter-bank bond market, the current bond turnover was 1 1.3 trillion, with an average daily turnover of 493.08 billion, up 105.3% year-on-year.

Second, real estate.

1, Bureau of Statistics:1-In March, the national real estate development investment was1767.7 billion, with a nominal increase of 6.2% year-on-year; The sales area of commercial housing was 242.99 million square meters, up by 3,365,438+0% year-on-year; Commercial housing sales185.24 billion, up 54. 1% year-on-year. At the end of March, the area for sale of commercial housing was 735 1.6 million square meters, a decrease of 4 1.5 million square meters from the previous month.

2. Yiju Research Institute: The decrease in inventory in March was related to the unusually hot market transactions. Subsequent market transactions may not be so hot, so the effect of destocking may be slightly different. Hot cities such as Nanjing, Suzhou, Hefei and Zhengzhou still need to replenish their stocks actively.

3. Ministry of Finance: Affected by the recovery of commercial housing sales in some areas and the low base of the previous year, the real estate business tax in March was191.70 billion, a year-on-year increase of 32%; Deed tax 1, 01.200 million, up15.4% year-on-year; Land value-added tax 1 127 billion, up 19.9% year-on-year.

4. Ministry of Housing and Urban-Rural Development: From May this year 1, the deposit ratio of housing provident fund will be reduced in stages, and all deposits above 12% will be adjusted in a standardized way. This policy will be implemented temporarily for two years. Enterprises with difficulties in production and operation can not only reduce the deposit ratio, but also apply for suspending the deposit of housing provident fund.

Third, the market

1, National Development and Reform Commission, Ministry of Finance: Starting from this year, we will gradually and orderly digest the national reserve cotton stocks and adjust the reserve scale to a reasonable level. According to the detailed rules, the total rotation does not exceed 2 million tons. In principle, the daily sales volume does not exceed 30,000 tons, and priority is given to importing cotton.

2. the State Council: Notice on Printing and Distributing the Plan of Shanghai System Promoting Comprehensive Innovation Reform and Accelerating the Construction of Science and Technology Innovation Center with Global Influence. By 2020, the basic framework system of science and technology innovation centers with global influence will be formed; By 2030, we will strive to form the core functions of science and technology innovation centers with global influence.

3. Economic Information Daily: The preparation of the "Thirteenth Five-Year Plan" for the new materials industry has basically ended, and it has been sent to relevant departments for deliberation recently. It is expected to be officially announced in the first half of this year. In the field of cutting-edge new materials, we will focus on developing four categories of 14 classified materials, such as graphene, 3D printing, superconductivity and intelligent bionics.

4. the State Council: Agree in principle to the development plan of Chengdu-Chongqing urban agglomeration. It is required to build a state-level urban agglomeration with international competitiveness as the goal, fully integrate into the "Belt and Road" and the Yangtze River Economic Belt construction, and create a new economic growth pole. Relevant departments of the State Council study and formulate specific policies to support the development of Chengdu-Chongqing urban agglomeration.

5. Ministry of Housing and Urban-Rural Development: The second batch of national pilot projects of "sponge cities" are being screened, and the declared cities can be rated as pilot projects after primary selection and competitive evaluation. According to incomplete statistics, Qingdao, Zhanjiang and other cities have submitted material declarations. At the same time, more than 20 provinces and cities have launched thousands of sponge city projects.

6. Ministry of Industry and Information Technology: The White Paper 5.0 on Virtual Reality Industry Development was released, calling for the start of virtual reality standardization research as soon as possible and the establishment of a standard system. In 20 15 years, the market size of virtual reality industry in China was15.4 billion. It is estimated that it will reach 5.66 billion in 20 16 and exceed 55 billion in 2020.

7. Jinghua Times: China's food industry will face great pressure and severe challenges in 20 16 years. In 20 15, the total revenue of the whole industry was 1 1.35 trillion, up 4.6% year-on-year, and the growth rate dropped by 3.4 percentage points over the previous year, which was lower than the growth rate of China's industrial economy of 6. 1% for the first time.

8. Central Bank: Recently issued, the upper limit of credit card overdraft interest rate is five ten thousandths of the daily interest rate, and the lower limit is 0.7 times of the daily interest rate; Cancel the credit card late payment fee, and the card issuer and the cardholder will agree on the penalty; The daily limit of ATM withdrawal is increased from 2000 yuan to 654.38+0 million yuan. It will be implemented from 1 next year.

9. Xinhua News Agency: China's 5G technology research and development test will be conducted from 20 16 to 20 18. This year's work focuses on the verification and testing of key technical solutions such as single point. On June 5438+ 10 this year, the research and development experiment of 5G technology in China was officially launched, which will strongly promote the formation and improvement of 5G standards.

10, Shanghai Stock Exchange: It was learned from the Ministry of Industry and Information Technology that the formulation of mandatory national standards for Internet TV receiving equipment was officially launched on 14. The industry believes that the supervision of TV boxes will become more and more standardized in the future, and the formulation and implementation of standards will contribute to the healthy development of the industry.

1 1, china securities journal: The collection method of consumption tax in liquor industry is expected to be adjusted this year. China alcoholic drinks association and the State Council Research Centers have reported the adjustment plan to the Ministry of Finance, State Taxation Administration of The People's Republic of China and other ministries for reference. The idea of this adjustment is to change the collection link from the previous production or import link to the wholesale or retail link.

12, 2 1 century: On April 15, China Bond-China Green Bond Index and China Bond-China Green Bond Selection Index were released. These two indices are jointly compiled by China Government Securities Depository and Clearing Co., Ltd. and China Energy Conservation Consulting Co., Ltd., and are the first green bond indices released in China.

13, New Third Board: On April 15, a total of 6,583 companies were listed, and 19 companies were added that day, with a turnover of 772 million, of which 482 million were transferred by market and 290 million by agreement.

14, Beijing Business Today: Since the reform of the commercial system and the relaxation of the registration threshold for new enterprises, start-ups have developed rapidly. In the first quarter of 20 16, all kinds of newly registered enterprises increased by 25.9% year-on-year, with an average of 1. 1.7 million newly registered enterprises every day, among which the opening rate of small and micro enterprises reached 7 1.4%, and 80% of enterprises realized income when they opened.

Fourth, the stock market

1. The Shanghai Composite Index closed at 3078. 12, down 0. 14%, with a turnover of 22465438+400 million. Shenzhen Component Index closed at 10733.64, down 0.35%, with a turnover of 36132 million. Growth enterprise market closed at 2309.68 points, down 0.63%, with a turnover of 10089 billion. The total turnover of the two cities was 585.4 billion yuan. Titanium dioxide, integrated circuits, electronic invoices, dairy industry and other sectors were among the top gainers.

2. Hong Kong Hang Seng Index fell 0. 1% to 2 13 16.47. The Nikkei 225 index fell 0.4% to 16848.03.

3, people's livelihood friends: real estate is not everything, infrastructure is only a short-term medicine, only a strong manufacturing and service industry can bring about a real reversal. At present, the stock market is still on the stage. I don't know when the music will stop. The fundamentals in the second quarter may have been overdrawn, and a quick victory is the most rational choice.

4. Beijing Morning Post: Up to now, there were as many as 260 A-share listed companies that participated in securities investment last year, most of which had poor main business. There are 250 companies that have disclosed their investment amount, totaling about 35.4 billion, and invested in 1384 investment targets respectively. According to industry analysis, the "stock trading" of listed companies has an expanding trend this year.

5. CSRC: As of April 14, 766 initial enterprises have been accepted, of which 1 13 has held meetings and 653 have not. Among the enterprises that did not attend the meeting, 622 enterprises were audited normally, and 3 1 enterprise was suspended.

6. Fund Industry Association: Officially issued the Measures for the Administration of Private Fund Raising. 2016 July 15 came into effect. Clarify three important issues: the main body of two types of fundraising institutions of private equity funds; The fundraising institution undertakes the responsibility of screening and identifying qualified investors; Introduce capital account regulators.

7. Financing balance of the two cities: As of April 14, the financing balance of the Shanghai Stock Exchange was reported to be 5154.61000000, an increase of1287000 over the previous trading day; The financing balance of Shenzhen Stock Exchange was reported at 379.679 billion, an increase of 654.38+56.6 billion; The two cities totaled 8951.40 billion, an increase of 2.853 billion.

Verb (abbreviation for verb) international

1, Reuters survey: The Federal Reserve will raise interest rates twice this year, and the next one is most likely in June, but this possibility has faded, because there are signs that the economy has started poorly this year, inflation is still weak and the global economy is in a downturn.

2. Baltic dry bulk index: it rose by 6.4% and rose to 635 points for 16 consecutive days.

Intransitive verb foreign exchange

1, the onshore RMB against the US dollar closed at 16:30, down 0.0 1% to 6.48 16.

2. NDF: March 6.5093, monthly 6.5528, annual 6.64 1, annual 6.886.

Seven. American stocks

The Standard & Poor's 500 Index closed down 2 points, or 0. 10%, at 2080.

The Dow Jones index closed down 32 points, or 0. 16%, to 17897.

Nasdaq closed down 7 points, or 0. 16%, to 4,938 points.

Energy and technology stocks led the decline.

Eight. European stock

Germany's DAX 30 index closed down 0.42% at 1005 1.

The French CAC 40 index closed down 0.36% at 4,495 points.

The FTSE 100 index closed down 0.34% at 6343 points.

The automobile sector led the decline.

Nine, gold

The New York Mercantile Exchange gold futures prices in June closed up 8. 10, or 0.7%, to $234.60 per ounce.

The price of gold fell by 0.8% for the whole week, because the exchange rate of the US dollar rose this week.

Oil

In May, WTI crude oil futures closed down 1. 14 USD, down 2.8% to 40.36 USD/barrel.

In June, Brent crude oil futures closed down 0.74 USD, down 1.7%, to 43. 10 USD/barrel.