The National Development and Reform Commission issued a document to promote the construction of social football venue facilities: 2 million yuan for each stadium

 On July 30, the National Development and Reform Commission issued a notice on the Implementation Plan for the National Social Football Site Facilities Construction Special Action (Trial). The notice requires that the central budgetary investment be subject to a fixed amount of subsidies. For the new 11-a-side standard football field, each stadium will receive 2 million yuan. For the new 5-a-side, 7-a-side (8-a-side) football field, the subsidy for each course is no more than 1 million yuan. Encourage all localities to provide supporting subsidies for the construction of football fields through various funds such as financial funds, sports lottery public welfare funds, and development finance.

The performance of listed insurance companies has significantly increased the pre-tax deduction policy for the fee and commission expenses of beneficiary insurance companies.

On July 30th, as of now, a number of insurance companies have disclosed their performance forecasts, and their net profit has increased significantly in the first half of the year. Xinhua Insurance’s net profit increased by 80%, China Life’s net profit increased by 115% to 135%, and PICC’s net profit increased by 40% to 60%. The net profit of insurance companies increased significantly, mainly due to the impact of non-recurring gains and losses. The Ministry of Finance and the State Administration of Taxation issued the “Notice on the Pre-tax Deduction Policy for the Fees and Commission Expenses of Insurance Enterprises”, which clarifies that the 2018 annual corporate income tax settlement and payment shall be implemented in accordance with the announcement. Due to the implementation of this policy, the enterprise income tax payable by the insurance company in 2018 will be significantly reduced, and the income tax expense for the reporting period will be reduced accordingly. (Securities Times)

General Assembly of the Political Bureau of the CPC Central Committee, General Secretary Xi Jinping presided over the meeting

The Political Bureau of the CPC Central Committee held a meeting on July 30 to analyze and study the current economic situation, deploy economic work in the second half of the year, and review the “Regulations on Accountability of the Communist Party of China” and the “Comprehensive Report on the Third Round of the Central Committee of the 19th Central Committee.” Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting. (Xinhua Viewpoint)

Shanghai issued “Several Opinions on Promoting Sustainable, Healthy and High-Quality Development of Venture Capital”

 Shanghai issued “Several Opinions on Promoting Sustainable, Healthy and High-Quality Development of Venture Capital” and proposed to strengthen the linkage between venture capital and the market segment such as Science and Technology. 

             Comment: The news is positive for Shanghai local stocks, but the market has fully reflected that investors should not be blindly optimistic.

Demand peak season is coming, the power sector is rising five times

On the 29th, the A-share market power index rose 0.87%, and rose for 5 trading days, and the stocks rose. In the Hong Kong stock market, the utility sector rose 0.14% against the market, and power stocks led the gains. Analysts pointed out that recently, due to the impact of high temperature weather, the country entered the peak period of electricity consumption, and the electricity consumption has repeatedly hit a record high. The power company is affected by the peak demand season, while the coal price trend is weak. The profit rate in the third quarter may have a significant increase. The relevant leading stocks may be worthy of attention. (China Securities Journal) 

             Comment: The rebound of the power sector is a stimulus for high-temperature weather, but investors are more concerned about the activeness of strong varieties, while vulnerable varieties need to be treated with caution.

Over 100 billion yuan banned Ziguang shares lifted the highest market value

On July 28th, there will be 50 banned stocks next week. Based on the latest closing price, the total market value of the ban will be 155.7 billion yuan, a sharp increase of more than 5 times from last week. Last week, the ban was only 26.8 billion yuan. Five of the stocks facing the lifting of the ban next week will be exempted from the market value of over 10 billion yuan, namely Ziguang, Jiangsu Bank, Huatai Securities, Jianfan Biological and Tibetan Holdings. Among them, Ziguang shares the highest market value, the next week, the stock of 1.21 billion shares will be lifted next Wednesday, calculated on Friday closing price, the lifting of the market value of up to 40.27 billion yuan. 

             Comment: Investors need to pay attention to the risks of the relevant ban stocks. After all, large selling pressure is not good for market sentiment.

The highlights of the state-owned enterprises mixed with the frequency of the second half of the year ushered in the climax

On July 29th, as an important breakthrough in the reform of state-owned enterprises, the mixed reforms in the second half of the year were fully blossomed and landed in batches. The reporter learned that the fourth batch of pilot enterprises are working hard to formulate a mixed-reform plan, and incentives such as employee shareholdings have increased. Local mixed reforms are also accelerating, and some provinces have even clarified the quantitative targets. Competitive state-owned enterprises do not set a limit to frequently transfer control rights to become a new hot spot. The pilot enterprises are working hard to formulate a mixed-reform plan. They should report to the group level in early August and report to the National Development and Reform Commission before the end of August. It is expected to usher in the fourth quarter. (Responsible) 

             : Investors need to focus more on Shanghai’s state-owned enterprises. If Shanghai’s state-owned shares do not teach well, the index is undoubtedly difficult to effectively exert.

The highlights of the state-owned enterprises mixed with the frequency of the second half of the year ushered in the climax

 On July 29th, as an important breakthrough in the reform of state-owned enterprises, the mixed reforms in the second half of the year were fully blossomed and landed in batches. The reporter learned that the fourth batch of pilot enterprises are working hard to formulate a mixed-reform plan, and incentives such as employee shareholdings have increased. Local mixed reforms are also accelerating, and some provinces have even clarified the quantitative targets. Competitive state-owned enterprises do not set a limit to frequently transfer control rights to become a new hot spot. The pilot enterprises are working hard to formulate a mixed-reform plan. They should report to the group level in early August and report to the National Development and Reform Commission before the end of August. It is expected to usher in the fourth quarter. (Responsible) 

             : Investors need to focus more on Shanghai’s state-owned enterprises. If Shanghai’s state-owned shares do not teach well, the index is undoubtedly difficult to effectively exert.