Femorning Daily 15.02.2018
1.MinistryofCommercereleaseddatashowingthatinJanuary,theactualamountofforeigninvestmentinourcountrywas80.36billionyuan,anincreaseof0.3%yearonyear.Thepresentedfeaturesincludethesustainedgrowthofhigh-techindustries,thesignificantincrease of high-techmanufacturing industries, the substantial growth of the central and westernregions, and the leading position of foreign investment in the pilot free tradezone nationwide.
2. The State Administration of Press, Publication,Radio, Film and Television of the People's Republic of China (SARFT) recentlyissued a Notice callingfor strengthening the management of Online QA activities of audio-visualbroadcasts and further regulating the order of online dissemination andpreventing social risks.Some online platforms do not have the legalqualification for live audio-visual programs and the content review mechanismis not perfect where there are often deviations in guidance. Some simply chasethe traffic and the click-through rate to attract the attention withlow-profile and vulgar kitsch content and disseminate the content that does notconform to the core value of socialism.
3. Economic InformationDaily news, China 'sRD investment in 2017 totaled 1.75 trillion yuan, an increase of 11.6%over the previous year, and the growth rate was 1 percentage point faster overthe previous year. RD spending intensity (RD spending to GDP ratio)was 2.12%, an increase of 0.01 percentage points over the previous year. Globally, China 's total RDinvestment now ranks second only to the United States , the second in theworld.
4. Xinhua News Agency, afterZhangzidao exposed "Scallop Escape" 2.0 version, just within seventrading days, the stock plunged over four percent and investors suffered heavylosses. The industry warned that "eating according to the sky" makes theagricultural listed companies have characteristics of difficulty to auditinventory. In terms of the potential uncertain risks for the industry,the company should make it clear, reducing"natural disasters” and avoiding "man-made disasters."
5. Shanghai SecuritiesNews, under strict supervision, the local debt issuance scale this year may beflat with the number in 2017. Industry insiders estimate that the scale ofreplacement of local government debt this year is about 1.8 trillion yuan andthe overall amount of new local government debt will be about 2 trillion yuan. Thetotal supply of issuance is probably about 4 trillion yuan.
6. The Shanghai Stock Exchange issued the Circularon Further Clarifying the Relevant Events on Major Shareholders of ListedCompanies to Reduce Shares Through Block Trades. Special stocks and stocks other thanthe special stocks should be declared through different channels for the blocktrade. When the majorshareholders hold the shares purchased through the centralized biddingtransaction and shares purchased by means other than centralized bidding, thestock reduction via the general channel of the block trade should be treated asa priority reduction of controlled shares within the prescribed stock reductionpercentage. Outside the prescribed stock reduction percentage, the priority ofstock reduction will be the stocks purchased via centralized bidding.
7. The Paper news, the 13th session of theNational People's Congress will be held on March 5th, 2018. After a year,whether the real estate tax draft proposal will be brought to the NPC StandingCommittee this year also attracts much attention.Once the firstinstance is started, it means the real estate tax falls just around the corner.Experts said that it is expected to continuously emphasize the promotion ofreal estate tax reform in the two sessions. However, the real estate taxeventually landing may postpone after 2020.
8. Securities DailyNews, China Banking Regulatory Commission recently issued a circular to deepenthe remediation of the banking market chaos from 8 aspects and 22 points. Itproposed to rectify related behavior of violations of the real estate industrypolicy,includingirregularities of investing in- and off-balance sheet capital into stock marketin other ways, provide various in- and off-balance sheet financing for thepayment of land acquisition fees of real estate companies, and the use of thecomprehensive consumer loans, personal business loans, credit cards overdraftsand other funds for purchase.
9. Securities Times news,HSBC announced that it has successfully completed the remittance of first cross-borderRMB under personal other current accounts. This is the first transactionhandled by a foreign-funded banksincethe People’s Bank of China released the Notice on Further Improving RMBCross-Border Business Policies to Promote Trade and Investment Facilitation inJanuary 2018.
10. Securities Times news,on February 14, JD Group announced that its subsidiary JD Logistics Group completeda binding final capital increase agreement. The main investors in thisfinancing include Hillhouse Capital, Sequoia China and other institutions. Thisround of financing total about 2.5 billion US dollars, which is the largestsingle financing of China 'slogistics industry.After the transactionis completed, JD Group will still hold 81.4% equity of JD Logistics.