Chen Yulu, vice governor of the People’s Bank of China, attends the special video meeting of G20 finance ministers and central bank governors
On the evening of November 13, 2020, Saudi Arabia, the chairman of the Group of Twenty (G20), hosted a special video meeting of G20 finance ministers and central bank governors. Chen Yulu, deputy governor of the People’s Bank of China, attended the meeting. The meeting focused on discussing and passing the “G20 Debt Handling Common Framework” to jointly support low-income countries in responding to the impact of the epidemic. A statement was issued after the meeting.
The central bank conducts 160 billion yuan reverse repurchase operations
On the 13th, the People’s Bank of China launched a seven-day reverse repurchase operation of 160 billion yuan by way of interest rate bidding. The non-reverse repurchase expired that day, and the central bank realized a net investment of 160 billion yuan. The central bank issued an announcement stating that in order to maintain reasonable and sufficient liquidity in the banking system, a reverse repurchase operation of 160 billion yuan was carried out on the same day with a period of 7 days and the winning interest rate of 2.2%, the same as the previous time.
China Banking and Insurance Regulatory Commission removes industry restrictions on insurance funds for financial equity investment
In order to implement the spirit of the executive meeting of the State Council, increase insurance funds to support equity financing in the real economy, and increase the proportion of direct social financing, the China Banking and Insurance Regulatory Commission recently issued the “Notice on Matters Related to Financial Equity Investment of Insurance Funds”. There are ten articles in the “Notice”. The core content is to remove the industry restrictions on financial equity investment of insurance funds, and enhance the ability of insurance funds to serve the real economy through the “negative list + positive guidance” mechanism.
The China Securities Regulatory Commission issued IPO approval documents for 4 companies
The China Securities Regulatory Commission announced on the 13th that it had recently approved the initial applications of 4 companies in accordance with legal procedures. The four companies are: Jiangsu Boqian New Material Co., Ltd., Quechen Silicon Chemical Co., Ltd., Shenzhen Zhaowei Mechanical and Electrical Co., Ltd., and Levima New Material Technology Co., Ltd. The above-mentioned companies and their underwriters will negotiate with the exchange to determine the issuance schedule and publish prospectus documents one after another.
Export-Import Bank: Implement the spirit of the plenary session and give full play to the leading role of policy-based finance
Recently, Hu Xiaolian, Secretary of the Party Committee and Chairman of the Export-Import Bank, presided over the study of the Party Committee Theory Learning Center. After the party committee’s special topic was delivered, he again studied and discussed the spirit of the Fifth Plenary Session of the 19th Central Committee of the Party, conducted in-depth studies and implementation measures, and carefully planned “It is the work for a period from now on. Comrade Hu Xiaolian and Wu Fulin, Deputy Secretary of the Party Committee and President of the Bank, took the lead in making key speeches. Party Committee members Sun Ping, Xie Ping, Zeng Mingzi, Ning Yong, and Li Jun exchanged their learning experiences. Relevant comrades of the Central Organization Department attended the guidance. Other senior executives of the Export-Import Bank attended the meeting.
The Export-Import Bank helps China-ASEAN mutually beneficial cooperation move to a deeper level
In a speech at the 23rd China-ASEAN Leaders’ Meeting recently, Premier Li Keqiang announced that the second phase of the ASEAN Fund will be established and put into operation as soon as possible. It is understood that with the support of the Export-Import Bank, the ASEAN Fund will focus on economic and trade cooperation to promote regional economic recovery and development. The second phase of the ASEAN Fund has a scale of approximately US$1 billion, and will focus on investing in major cooperation projects in the areas of infrastructure, energy resources, information and communications in ASEAN countries. As the main sponsor, the Export-Import Bank has carefully designed plans, and through various means such as adjusting its operating model and strengthening risk control measures, it strives to implement major national plans while ensuring maximum shareholder returns.
Bank of China and the People’s Government of Liaoning Province signed the “14th Five-Year Plan” comprehensive strategic cooperation agreement
On November 12, Bank of China and the People’s Government of Liaoning Province signed the “14th Five-Year Plan” comprehensive strategic cooperation agreement. Liu Liange, Chairman of Bank of China, stated that the Bank of China attaches great importance to business development in Liaoning. In the future, it will actively leverage on its advantages in globalization and integration, deepen all-round cooperation with Liaoning Province, firmly support Liaoning’s reform and opening up and economic and social development, and continue to help industrial enterprises Quality development, actively connecting and participating in the construction of major projects, effectively serving the real economy, and earnestly carrying out various measures to support the revitalization and development of Liaoning.
Bank of China and Shenyang Municipal People’s Government signed a comprehensive strategic cooperation agreement
On November 12, the Bank of China and the Shenyang Municipal People’s Government signed a comprehensive strategic cooperation agreement. Bank of China Governor Wang Jiang said that supporting the revitalization of the old industrial base is a concrete measure taken by the Bank of China to implement the Party Central Committee’s decisions and arrangements, especially the spirit of the Fifth Plenary Session of the 19th Central Committee of the Party. At present, Shenyang’s development trend is good, and the changes are eye-catching. During the “14th Five-Year Plan” period, Bank of China will give full play to its globalization and comprehensive advantages, carry out all-round cooperation with Shenyang, and continue to increase its efforts in infrastructure construction, industrial transformation and upgrading, livelihood matters, and accelerated opening up. The strength of support will effectively provide stronger financial support for the revitalization and development of Shenyang.
Since the beginning of this year, 535 new third board companies have completed stock issuance financing
According to the data disclosed by the National Equities Exchange and Quotations System (NEEQ), as of this week, 535 listed companies have completed the issuance and financing of shares on the NEEQ, and the cumulative amount of shares issued has exceeded 26.7 billion yuan. As of the 13th, there are a total of 8254 companies listed on the NEEQ.
The first batch of four sci-tech 50ETFs are listed
On November 11, the four fund companies of Huaxia, E Fund, ICBC Credit Suisse, and Huatai Bai Rui issued an announcement that the first batch of four sci-tech 50 ETFs under the above companies will be officially listed on the Shanghai Stock Exchange on November 16, and will be open on the same day Purchase and redemption transactions.
Baoshang Bank’s 6.5 billion Tier 2 capital debt is fully written down
On November 13, 2020, Baoshang Bank, in its own name, announced on China Currency Network about the full write-down of the principal of the “2015 Baoshang Bank Co., Ltd. Tier 2 Capital Bond” and the no longer payment of accumulated interest payable Announcement. According to the announcement, on November 11, the bank received a notice from the People’s Bank of China and the China Banking and Insurance Regulatory Commission on the determination of Baoshang Bank’s inability to survive trigger event.
article links：Chen Yulu, vice governor of the People's Bank of China
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