The "Four Arrows" Policy and "Combination Fist" in Active Capital Markets Help Boost Market Confidence

Release time:Apr 15, 2024 19:21 PM

CCTV News: Yesterday, the Ministry of Finance, the State Administration of Taxation, and the China Securities Regulatory Commission issued multiple policies to activate the capital market, including the implementation of a 50% reduction in stamp duty on securities trading, a phased tightening of IPO pace, standardization of share reduction behavior, and a reduction in financing margin ratio. Analysts point out that the unprecedented intensity of the "four arrows" in the active capital market, releasing positive policy signals, will have a significant effect on boosting confidence in the capital market.

According to the notice from the Ministry of Finance and the State Administration of Taxation, from August 28, 2023, the stamp duty on securities trading will be reduced by half.

Chen Li, Chief Economist of Chuancai Securities: This event fully reflects the central government's firm attitude towards the active capital market and its confidence and determination to protect the stock market, releasing significant positive policy signals.


The "Four Arrows" Policy and "Combination Fist" in Active Capital Markets Help Boost Market Confidence

Data shows that there are over 220 million individual investors in the Chinese stock market, accounting for 99.76% of all market investors. Among them, small and micro investors with a market value of less than 100000 yuan and between 100000 and 500000 yuan account for 87.87% and 8.12%, respectively. Experts say that the halving of securities trading stamp duty this time benefits a large number of small and medium-sized investors.

The China Securities Regulatory Commission also announced yesterday that, based on recent market conditions, it will gradually tighten the pace of initial public offerings of enterprises and promote dynamic balance between investment and financing; Strictly require listed companies to invest their raised funds in their main business and strictly limit diversified investments.

The China Securities Regulatory Commission (CSRC) stated that if a listed company has a situation of breaking through its stock market or net assets, or has not received cash dividends in the past three years, and the cumulative amount of cash dividends is less than 30% of the average annual net profit in the past three years, the controlling shareholder or actual controller shall not reduce their holdings of the company's shares through the secondary market.


The "Four Arrows" Policy and "Combination Fist" in Active Capital Markets Help Boost Market Confidence

Yang Delong, Chief Economist of Qianhai Open Source Fund: The China Securities Regulatory Commission regulates the behavior of major shareholders in reducing their holdings, cracking down on "detours" in reducing their holdings. The China Securities Regulatory Commission encourages shareholders of related listed companies to promise not to stick to their shares or extend their lock up period. These can effectively alleviate the current market funding pressure, protect the interests of small and medium-sized investors, and are expected to promote market recovery.

In addition, with the approval of the China Securities Regulatory Commission, the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange have issued notices to revise the Implementation Rules for Margin Trading, reducing the minimum margin ratio for investors to purchase securities through margin trading from 100% to 80%. This adjustment will be implemented after the market closes on September 8, 2023.

Yang Delong, Chief Economist of Qianhai Open Source Fund: On the basis of overall controllable leverage risk, the moderate relaxation of financing margin ratio has met the moderate financing needs of some investors, increased the overall amount of funds that can enter the market, and is conducive to promoting the function of margin trading and securities lending business and activating existing funds.


The "Four Arrows" Policy and "Combination Fist" in Active Capital Markets Help Boost Market Confidence

Industry insiders point out that the implementation of the "combination punch" of "activating the capital market and boosting investor confidence" has released significant positive policy signals, which will help boost market confidence and inject more liquidity into the market.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【