News Of The Three Major Securities Headers In October 27Th

Securities Regulatory Commission intends to force the establishment of information isolation wall

The long established guidelines on information isolation of securities companies are coming soon.

The guidelines show that the SFC has not closed the door of "direct investment and sponsorship", but has standardized and guided the establishment of an information barrier system.

Exemption from pfer of state-owned venture capital shares

The Ministry of finance, the SASAC, the SFC and the social security fund jointly issued the notice on the exemption of state owned venture capital institutions and the state-owned enterprises' guiding fund's pfer of state-owned shares. The state owned venture capital institutions and the state-owned venture capital guidance fund were invested in the state-owned shares formed by the unlisted SMEs, and they could apply for exemption from the pfer of state-owned shares to the social security fund.

State owned venture capital investment SMEs can be exempted from pfer obligations.

The four departments, including the Ministry of finance, the SASAC, the SFC and the social security foundation, have jointly issued a notice. Eligible state owned venture capital institutions and state-owned venture capital investment funds can invest in the state-owned shares formed by unlisted SMEs, and may apply for exemption from the pfer of state-owned shares.

State owned venture capital institutions or funds have directly applied to the Ministry of finance to apply for the return of state-owned shares.

1181 listed companies in the first three quarters net profit increased 48%

As of October 27th, 1251 companies in the Shanghai and Shenzhen two cities disclosed three quarterly reports.

At the time of the press release, the 1181 companies in the first three quarters of the survey achieved a total operating income of 2 trillion and 740 billion 46 million yuan, an increase of 34.35% over the previous year, and realized a profit of 249 billion 976 million yuan, an increase of 44.59% over the same period last year. The net profit of the shareholders attributable to the listed company was 197 billion 696 million yuan, up 48% over the same period.

Net profit growth in the first three quarters was larger than in the first half.

Policy of exemption from pfer of state-owned shares in venture capital

The long-awaited policy of exemption from state-owned investment and pfer of state-owned shares was launched yesterday.

This policy is undoubtedly good for state-owned venture capital institutions including direct investment in securities companies.

Yesterday, the Ministry of Finance and other four departments jointly issued a notice that the state owned venture capital institutions and state-owned venture capital investment funds, which were approved by the State Council, invested in state-owned shares formed by unlisted SMEs, and could apply for exemption from the pfer of state-owned shares.

Bilateral listing of treasury bonds launched by Shanghai Stock Exchange

The Shanghai Stock Exchange issued a circular today that in order to improve the liquidity of the Treasury bond market and promote the development of the bond market, it is expected that in November 5th, the existing treasury bonds issued only on fixed income platform and the Treasury bonds which are only listed in the centralized auction system (including bulk trading system) will be adjusted and traded on the two trading systems simultaneously.