The central bank launched 200 billion yuan MLF and 150 billion yuan reverse repurchase operations
The people’s Bank of China announced on November 30 that in order to maintain the stability of liquidity at the end of the month, 200 billion yuan of medium-term loan facility (MLF) operation and 150 billion yuan 7-day reverse repurchase operation were carried out. On that day, 40 billion yuan of reverse repurchase was due. In addition, the central bank also announced that it would carry out medium-term loan facility (MLF) operation on December 15 (including one-off renewal of MLF due on December 7 and 16), and the specific operation amount will be determined according to market demand and other conditions. [details]
The people’s Bank of China drafted the announcement on the revision of bond trading and circulation in the inter-bank bond market (Draft for comments)
On November 30, the website of the people’s Bank of China announced that the people’s Bank of China had drafted the announcement on Revising the bond trading and circulation in the inter-bank bond market (Draft for comments), which is now open to the public for comments. The announcement requires that on the first day of bond registration, the Central Clearing Company and Shanghai clearing house shall transmit the information of bond transaction circulation elements to the interbank lending center by electronic means; the second is that the issuer or lead underwriter shall provide the list of initial holders and holdings of bonds to the interbank lending center on the day of bond registration.
Safe starts another round of QDII quota issuance
On November 30, the State Administration of foreign exchange (SAFE) launched another round of issuance of qualified domestic institutional investors (QDII) quota, which is planned to issue US $4.296 billion to 23 institutions. This round of issuance covers funds, securities, banks, bank financing subsidiaries, trust companies and other major types of financial institutions, and takes into account the quota requirements of new institutions. Since September 2020, safe has issued three rounds of QDII quota, totaling US $12.716 billion to 71 institutions. After this round of issuance, the safe has approved 169 QDII institutions with an investment amount of US $116.699 billion.
Shanghai and Shenzhen Stock Exchange Issues measures for listing on the stock exchange
The listed companies on the new third board will soon enter the practical operation stage. The measures for listing on the stock exchange of China’s small and medium-sized enterprises (SMEs) listed on the stock exchange system of China issued by China Securities Regulatory Commission (CSRC) in June, which specifies the conditions for listed companies listed on the stock exchange of China’s small and medium-sized enterprises (SMEs) to be listed on the stock exchange of China’s science and technology innovation board or gem, restrictions on the sale of shares, listing audit arrangements and performance of listing sponsors.
The third session of the fifth session of the Chinese financial trade union held in Beijing
On November 30, the Third Plenary Session of the fifth session of the Chinese financial trade union was held in Beijing. Yan Jinghua, vice chairman of the all China Federation of trade unions, Secretary of the Secretariat, member of the Party group and chairman of the China financial trade union, Zhou Liang, member of the Party committee and vice chairman of the China Banking and Insurance Regulatory Commission, Secretary of the Party group and vice chairman of the China financial trade union (Part-time), presided over the meeting and delivered speeches. At the meeting, Liu Guiping, member of the Party committee and vice president of the people’s Bank of China, was elected as vice chairman (Part-time) of China financial trade union, and Zhang Rui and Li Lidong were elected as vice-chairman of China financial trade union. Mei Zhixiang, deputy secretary of the Party group and executive vice chairman of the China financial trade union, delivered a work report.
China’s international trade surplus in goods and services reached 315.2 billion yuan in October
According to the data released by the State Administration of foreign exchange on November 27, in October 2020, China’s income from international trade in goods and services was 1660.1 billion yuan, expenditure was 1344.9 billion yuan, and the surplus was 315.2 billion yuan. Among them, goods trade income was 1536.6 billion yuan, expenditure was 1159.3 billion yuan, surplus was 377.3 billion yuan; service trade income was 123.5 billion yuan, expenditure was 185.6 billion yuan, and the deficit was 62.1 billion yuan.
The A-share index is up and down, and the performance of “small and medium sized enterprises” is better than that of the main board
On the last trading day of November, the A-share index rose and fell, and “small and medium-sized enterprises” performed better than the main board. On the same day, the Shanghai composite index opened at 3418.16, fluctuated high in the morning, went down all the way in the afternoon, and finally closed at 3391.76, down 16.55 points or 0.49% from the previous trading day. The Shenzhen composite index closed at 13670.11, down 20.77 points, or 0.15%. The gem index rose 0.49% to close at 2631.89. The SME board index closed at 9042.47, up 0.16%. The Kechuang 50 index closed at 1385.48, down 0.16%.