Li pointed out that the return of overseas listed companies to a-share industry experts hot discussion of CDR and other ways to land safely
Thenextstepistotakemanynewmeasurestopromote"Internetplus".Forexample,some"Internetplus"companiesusedtolistoverseas,butnowtheyarerequiredtoimprovetheinstitutionalmeasuresforlistinginChinaandwelcomethembacktothea-sharemarket.-li OnMarch20,premierlikeqiangmetandansweredquestionsfromChineseandforeignjournalistsatthegreathallofthepeopleinBeijing.Lisaid,thenextstepwillbetakentopromote"Internet+"manyofthenewmeasures,suchasinthepast,some"Internet+"enterprisealwaystogetlistedoverseas,nowhaveaskedrelateddepartmentstoimprovethesystemofthedomesticmarket,welcomethemtoreturntoAshares,atthesametimetocreatemorefavorableforinnovativestart-upcompanieslistedin,conformtotheprovisionsofthelaw. "Internetplus,asanewthing,hasitsownproblems,"lisaid."thekeyistoadoptaninclusiveandprudentapproachtoregulation."Oneoftheimportantreasonsforthelong-termstabilityofthegiantChineseeconomyisthatwehavesuccessfullysetthesailof"Internetplus"inthenewwaveoftheworldscientificandtechnologicalrevolution. "Internetplus"plus"intelligenceplus"bringsdividends "Premierlikeqiangmentionedinhisanswertothequestionthatweshouldseekadvantagesandavoiddisadvantages,andadoptaninclusiveandprudentregulatoryapproachto'Internetplus',whichhighlightsChina'scouragetoencouragescientificandtechnologicalinnovation."Liuying,aresearcheratthechongyanginstituteoffinanceatrenminuniversityofChina,toldsecuritiesdailyonMarch20. Accordingtoliuying,"Internetplus"hasnotonlycultivatednewdriversofgrowth,butalsodevelopednewindustries,technologies,modelsandnewdriversofgrowth.Inaddition,throughthe"Internetplus"model,ithastransformedandenhancedtraditionaldriversofgrowthandtraditionalindustries,stimulatedmarketvitality,promotedconsumptionasthemaindrivingforcefordevelopment,andbroughtaboutprofoundchangesintheeconomicstructure. ,aresearcherwiththeinstitute'schieffinancialZhuZhenxinsaidinaninterviewwith"securitiesdaily"reporters,"Internet+"isputforward,afterChina'smobileInternethasenteredanewera,theprimeminister,andputforwardthe"smart+,willsurelybringstotheartificialintelligencetechnologyofdividends,inparticularandthecombinationoffinancial,medicalandothertraditionalindustries,imaginationisverylarge.However,comparedwiththeInternet,theimpactofthedividendofartificialintelligenceislimited.First,theapplicationscopeisnotsowide;second,theapplicationstageisstillrelativelypreliminary.Thetechnologyneedstobefurtherimproved. Fortunesecuritiesnetworkfinancialhuan,deputygeneralmanagerinaninterviewwith"securitiesjournal"reportersaidthatthecurrenta-sharemarketlistedcompaniesstructureisbasedonthetraditionalindustrystillisgivenpriorityto,inthecontextofChina'seconomictransformationandupgrading,itcannotfullyreflecttherealappearanceofChina'seconomicdevelopment,alsoisnotfullyrealizetheeffectiveconnectionwiththeneweconomyneeds.Therefore,aseriesofnewmeasuresshouldbetakentosupportthedevelopmentofenterprisesintheneweconomyandnewbusinessforms,including"Internetplus". Zhaosaidthat"Internetplusenterprises"mainlyrelyontheiruniquecoretechnologyordisruptivebusinessmodeltodigdeepintothehugeopportunitiesintheneweconomy.Thereturnof"Internet+"enterprisestothemarketwillhelpimprovetheoverallqualityofa-sharelistedcompanies,helpformAbenignandwin-winsituationoffinancingandinvestment,andleadfutureinvestorstoinvestinvaluegrowth. PushingCDRtolandhasthreebigimplications "Theprimeminister'scommentsonInternetcompaniesmeanthereturnofthe'unicorn'willbeaccelerated."Lidaxiao,chiefeconomistofuobsecurities,saidinaninterviewwithsecuritiesdaily.Inhisview,therearethreewaysforInternetcompaniestobelistedinChina:first,issuingChinadepositaryreceipts(CDR)toensurethattheoriginalcompanystructureandshareholderswillnotchange;atthesametime,domesticinvestorscanenjoythedividendsofInternetdevelopment.Second,itcanbedelistedinthelocalmarketandreturntoAsharesthroughIPO.Third,returnAsharesthroughbackdoor,suchasthereturnof360. Inviewofthis,Yanggaoyu,aresearcherfromguosensecuritiesdevelopmentresearchheadquarters,agreedwithsecuritiesdailythatCDRisaneffectivemeasuretosolvethelawsandregulationsofthetwoplaces.HethinkstheCDRshouldlandsoon,forthreereasons: First,wewillvigorouslypromotetheneweconomyandhelptransformandupgradetherealeconomy.Innovation-drivendevelopmentstrategyhasbecometheinevitablechoiceforChinatochangeitseconomicdevelopmentmodeandresolvethedeep-seatedcontradictionsandproblemsineconomicdevelopment.Ithasbecomeanimportantstartingpointforthegovernmenttovigorouslydeveloptheneweconomy,whichischaracterizedbynewtechnologies,newindustries,newbusinessformsandnewbusinessmodels,andsupportedbynewproductionfactorssuchasknowledge,technology,informationanddata. Second,enhancetheinternationalinfluenceofChina'scapitalmarket.ThelaunchofCDRisanimportantstepintheinternationalizationofChinesefinancing.Inthefuture,theenterprisescopeofCDRwillalsograduallyexpandfromthereturnofservicetechnologystockstooverseashigh-qualityenterprises.Thedevelopmentofthedepositaryreceiptmarketwillhelppromotethebenigninteractionbetweenthedomesticandforeigncapitalmarkets,enrichthetransactionvarietiesoftheca
The renewable energy power quota system will share the responsibility of the government and enterprises
A"renewablepowerquota"isonitsway.Chinabusinessnews(CBN)learnedfrommultiplesourcesyesterdaythatthedraftregulationontheadministrationofrenewableenergypowerquotas("draftregulation")hasrecentlybeendistributedtolocalgovernmentsandrelevantenterprisesfortheirfinalproposals. Officialsfrompowergenerationcompanies,powergridcompaniesandrelatedcompaniestoldthefinancialtimesthatthenewruleswouldfurtherencouragecompaniestoinvestmoreinrenewableenergy,althoughthereturnoninvestmentmaybedifficulttoachieveintheshortterm. Somepeopleintheindustrybelievethattherenewableenergypowerquotasystemmanagementmeasuresshouldbeintroducedatthesametime,butalsotherelatedsupportingmeasures,otherwisetheproblemofrenewableenergypowergenerationdifficulttocompletelysolve. Identifythethreemainresponsibility Thisnewspaperhaslearnedthatthethreemainresponsibilitybodiesofrenewableenergypowerquotasystemarepowergridenterprises,large-scalepowergenerationinvestmententerprisesandlocalgovernments. Accordingtomediareports,thediscussiondraftstipulatesthatthemainbodythatundertakestheobligationofpowergenerationquotashallbethepowergenerationenterpriseswithatotalinstalledcapacityofover5millionkilowatts.ThesubjectsthatundertaketheobligationofpurchasingquotaarestategridcorporationofChina(weibo),Chinasouthernpowergridcorporation,InnerMongoliapower(group)co.,LTD.(hereinafterreferredtoas"InnerMongoliapowergrid")andpowergridenterprisesindependentlyoperatinginprovincialpowergrids.Thepeople'sgovernmentsofallprovinces(autonomousregionsandmunicipalitiesdirectlyunderthecentralgovernment)shall,withthecooperationofpowergridenterprises,beresponsiblefortheconsumptionofquotaindicatorswithintheareasundertheirjurisdiction. Theregulationswereconfirmedbyanofficialwiththenationalenergyadministration.Theofficialtoldthefinancialtimesthatthe"discussiondraft"wassenttolocalenergyauthoritiesandrelatedenterprisesforwideconsultation,andaformalplanwillbeissuedafterthemeasuresareimproved.Thespecificimplementationtimeisdifficulttodetermine. Rendongming,directoroftherenewableenergydevelopmentcenterattheenergyresearchinstituteofthenationaldevelopmentandreformcommission,saidintianjinthattherenewableenergyquotasystemwillbeimplementedin2012. Inaddition,"discussionpaperalsopointsoutthatnationaldepartmentsaccordingtotheprovincesofrenewableenergyresources,economy,powerconsumptionandelectricpowertransmissioncapacity,determinetherenewableenergyresourcesarerich,relativelyrichregion,generalrichregion,andisnotrichregionfourtypesofrenewableenergyelectricityquotas,allkindsofregionalelectricityquotapercentagerangefrom1%to15%. Thenationalenergyauthoritieswillmakepublicatthebeginningofthesecondyeartheachievementoftherenewableenergyquotaquotaofthepreviousyear. However,thediscussiondraftdidnotlistfinancialincentivesandpenaltiestofacilitatetheimplementationofthequotasystem.Thenationalenergyadministrationofficialsaidfranklythatatpresent,onlytherelevantenterprisesandlocalgovernmentshavebeenputforwardadministrativerequirements,thereisnoreasonableandfeasibleeconomicmeanstopromotetheimplementationofthequotasystem,whichmaybetheneedtocontinuetoimproveinthefuture. Relatedinvestmentorblowout Accordingtothedraftregulation,forpowergenerationenterpriseswithatotalinstalledcapacityofover5gw,renewableenergyshouldaccountfor11%oftheirpowergenerationand6.5%oftheirtotalpowergeneration. Workedathuadiannewenergytechnologydevelopmentcompany,haveabundantrenewableenergypowergenerationprojectoperatingexperience,liudawei,toldthisnewspaperrenewableenergygenerationisthermalpowercostsarehigher,privateenterprisesintheconstructionofrenewableenergypowergenerationproject,enthusiasmmaynotbehigh,atotalinstalledcapacityofmorethan5millionkilowattsofpowergenerationenterprisebasicbelongtostate-ownedenterprises. 'theimplementationofthequotasystemsignalsthatthecountrywillencourageandsupportrenewableenergygeneration,'Mr.Liusaid.Therearesomechallengesanddifficultiesforenterprisestoinvestnow,butitisalsoanopportunity.Undertheenvironmentofencouragingenergyconservationandemissionreduction,renewableenergypowergenerationprojectsmaybecomeagoldmineforpowergenerationenterprisesinthefuture. Thefivemajorpowerproducershavemadearrangementsforrenewableenergygenerationinadvance,andsomehaveplannednewinvestmentprojects. Chinaguodiansaidataninternalmeetingearlierthisyearthatcleanrenewableenergyhadaccountedfor22percentofitstotalinstalledcapacity,anditswindpowercapacityreached12.26gigawattsin2011.Thecompanyalsoplanstoinvest100billionyuanbetween2011and2020todevelopcleanrenewableenergyinyunnan,bringingitstotalinstalledcapacityintheprovinceto16gigawatts. Datanggroupalsohasanewwindpowerprojectplanrecently,itsthreeriversinliaoningprovincechangtubreezeelectricityprojectrecentlywontheapprovalofliaoningprovincedevelopmentandreformcommission(NDRC),theprojectwillbuild24setsof2mwwindturbine,thetotalcapacityof48mw,andsupportingtheconstructionofa220kvstep-upsubstation,designpowerontheInternetof97.83millionKWH.Andhuadiangroupalsoisinvestingnewprojectfrequently. Researchinstitutionsalsoexpectth
The central bank and other six departments issued a document: support technology companies listed overseas
Toimplementthespiritofthethirdplenarysessionofthe18and"thecentralcommitteeofthecommunistpartyofChina,thestatecouncilondeepeningthereformofscienceandtechnologysystemtospeeduptheconstructionofnationalinnovationsystemopinion"(found[2012]no.6),andothercentraldocumentationrequirements,vigorouslypromoteinstitutionalinnovation,topromotescienceandtechnologyandincombinationwiththedeepfinancial,supportingtheconstructionofnationalinnovationsystem,weputforwardthefollowingopinions: I.vigorouslyfosteranddevelopafinancialorganizationsystemthatservesscientificandtechnologicalinnovation (1)innovatetheformoffinancialorganizationsengagedintechnologicalfinancialservices.Encouragebankingfinancialinstitutionsinthenewandhightechnologyindustrydevelopmentzone(hereinafterreferredtoasthehigh-techzone),nationalhigh-techindustrializationbase(hereinafterreferredtoastheindustryproductionbase)bynewbuyinnovationofscienceandtechnologyresourcesagglomerationareassuchaspartlinepoints(a)asengagedinsmallandmedium-sizedenterprisefinancialservicesofprofessionalofscienceandtechnologypoints(a)orcharacteristicpoints(a)lines.Priorityshallbegiventotheacceptanceandexaminationoftheapplicationsforthenewestablishmentortransformationofabankingfinancialinstitutiontoabranch(sub-branch)ofabankengagedintechnologicalfinancialservices.Financialinstitutionsinthebankingindustryareencouragedtogiveappropriateslanttoprofessionalsub-branchesorcharacteristicsub-branchesintermsoffinancialresourcesandhumanresources,strengthenbusinessguidanceandmanagement,andenhancetheprofessionallevelofservicetechnologyinnovation.Onthepremiseofstrengtheningsupervision,qualifiedprivatecapitalisallowedtoinitiateandsetupsmallandmedium-sizedBanksinaccordancewiththelawtoprovideprofessionalfinancialservicesforscientificandtechnologicalinnovation. (2)activelydevelopnon-bankfinancialinstitutionsandorganizationsthatservescientificandtechnologicalinnovation.Wewillvigorouslypromotethestandardizeddevelopmentoffinancialleasingcompanies,andprovideleasingservicesoflarge-sizedequipmentandprecisionequipmentforscientificandtechnologicalenterprisesandresearchinstitutestocarryoutscientificresearchanddevelopmentandtechnicaltransformation.Wewillsupportthedevelopmentofsmalltechnologyloancompaniesandprovideloanservicestosmallandmicrotechnologyenterprisesinaccordancewiththeprincipleof"small,scattered".Eligiblesmallloancompaniesandfinancialleasingcompaniesareencouragedtoraisefundsthroughassetsecuritizationandbondissuance.Wewillactivelypromotetheintegrationofindustryandfinance,supporteligiblelargetechnologyenterprisegroupstosetupfinancialcompaniesinaccordancewithrelevantregulations,andstrengthentheirfunctionsofprovidingfinancialservicestotechnologyenterpriseswithinthegroup. (3)fosteranddeveloptheintermediaryservicesystemforscience,technologyandfinance.Toguideandimprovethelocaldepartmentofscienceandtechnology,nationalhi-techzone(orindustrializationbase),financialinstitutionsandtherelevantintermediaryserviceagenciestoestablishandtodevelopfinancialservicecenter,andotherformsofscienceandtechnologyserviceplatform,promoteventureinvestment,bankcredit,scienceandtechnologyenterpriserestructuringservice,financingroadshow,datavalue-addedservices,scienceandtechnologyprojectmanagement,talentintroductionoflinkagecooperation,forscienceandtechnologyenterprisestoprovidecomprehensive,professionalandcustomizedinvestmentsolutions.Wewillacceleratethedevelopmentofinstitutionsfortheincubationofscienceandtechnologyenterprises,legalaccountingservices,andhumanresourcesmanagement,andprovidefinancingservicesforsmallandmedium-sizedscienceandtechnologyenterprises. Ⅱ.Accelerateinnovationoftechnologycreditproductsandservicemodels (4)improvethescienceandtechnologycreditmanagementmechanism.Wewillencouragefinancialinstitutionsinthebankingsectortoimprovethepricingmechanismforinterestratesonloanstotechnologycompanies,makefulluseofthepricingmechanismforinterestraterisksonloansandtherulesforfloatinginterestrates,anddynamicallysharerelevantearningsaccordingtothegrowthconditionsoftechnologycompanies.Wewillimprovethemechanismforexaminingandapprovingloansforscienceandtechnology,andimprovetheefficiencyofexaminingandapprovingloansforscienceandtechnologybyestablishinggreenchannelsforscienceandtechnologyloans.Withthehelpoftheconsultationserviceplatformofscientificandtechnologicalexperts,theprofessionallevelofevaluationcanbeimprovedbyusinginformationtechnology.Wewillimprovetheriskmanagementmechanismforscienceandtechnologycredit,exploreanddesignmodelsspecificallyforscienceandtechnologycreditriskmanagement,andimprovethemanagementlevelofscienceandtechnologyloans.Wewillimprovetheinternalincentiveandrestraintmechanism,establishincentivesforcreditbusinessdevelopmentofsmallandmicrotechnologyenterprises,implementacreditduediligenceexemptionmechanism,andeffectivelyleveragetheroleofdifferentrisktoleranceinsupportingBanks'scienceandtechnologycreditbusiness. (5)enrichthesystemofscienceandtechnologycreditproducts.Onthepremiseofeffectivelypreventingrisks,weshouldsupportcooper
China is no longer pushing through massive stimulus
FinanceministerLoujiweiattendedtheG20financeministersandcentralbankgovernorsmeetinginMoscowonJuly20.InresponsetocallsfromsomeEuropeanandAmericancountriesatthemeetingforChinatoincreaseeconomicgrowth,LoujiweisaidthatChinawillnotlaunchlarge-scaleeconomicstimuluspoliciesagain,butpromotestructuraladjustmentandurbanizationthroughreform,soastopromoteeconomicgrowthandemployment. LoujiweibelievesthatChinawillpaycloseattentiontothetrendoftheglobaleconomy.ButothercountriescannotforceChinatogrowfastertoachievetheirownrecovery."Wefeelverycomfortablethatwehavegoodjobs.Youhavetodoyourownhomework. Liushangxi:economicgrowthmayslowdownslightlyinthesecondquarter,andthe"structuralcontraction"isstillcontinuing.Inthefaceofwidespreadabsoluteovercapacityandirrationalstructure,itisunrealistictohopeforanupwardtrendineconomicgrowth.Itisevenmoreimpossibletohopeforanupturninexternaldemand,anditisonlyeconomicromanticismtohopeforstimuluspolicies.Toavoidlongpain,onemustendureshortpain.Inordertoavoidthecontractionofemploymentimpact,tofurtherreducetheburdenonsmallandmedium-sizedenterprisesandlowerthethresholdisnecessarytoentrepreneurshipwithemployment. Lianping:itisdifficultforaggregatedemandtorecovereffectively.Theeconomystillfacesdownwardpressure,butthereislittleriskofa"hardlanding".Atpresent,theeconomyisrunningclosetothelevelofpotentialgrowth.Consumerdemandremainedstableonthewhole,withrealconsumptiongrowthpickingupsignificantlyinthesecondquarter.Tokeepgrowthfromslippingoutofthe"floor"forthefullyear,thegovernmenthasintroducedandislikelytointroducefurthermodeststimuluspolicies.Asaresult,annualgrowthisstilllikelytoremainaround7.5%. Quhongbin:whethertheeconomicgrowthrateisinareasonablerangeornotisnotuptothegovernment.Themainthingtodoistolookatthemarketandenterprises.Businessesareactuallyalreadyshowingsignsofdeflationandthepressureisbuilding. Indeed,America'simpactontheglobaleconomythroughQEcannotbeunderestimated.RecentcommentsbyBenbernanke,thefederalreservechairman,thatheintendstowithdrawfromQEin2014haveledtowildswingsinglobalstockandcommoditymarkets.LoujiweibelievesthatintheprocessofwithdrawingfromQE,theussideshouldtrytoconsidertheinterestsofothercountries. Morganxia-xiafy:attheG20meetingthisweekend,mostcountriessaidthatconsideringtheglobaleconomyisstillfragile,somedevelopedcountriesshouldnotexittheeasingpolicyearly,whichisnodoubtakindofobjectiontothefederalreservewithdrawingQE.Moreover,theeconomicrecoveryinthesecondquarterisnotasstrongasthatinthefirstquarter,whichmayleadthefederalreservetodelaythewithdrawalofQE. Songbinhrui:actuallybernankeneversaidforsurethatthefedwouldwithdrawfromQEatsomepoint.Eachtime,saidthattheeconomicsituationandemploymentsituationinaccordancewiththedevelopmentofdevelopment.It'sjustthatsometimesitfocusesonthegoodpartoftherecovery,andsometimesitfocusesonthebadpart. Yanghonghong:federalreservechairmanBenbernankehasagainaccusedChinaofmanipulatingitscurrency,theyuan,"formanyyearsithasbeenundervaluedinordertoincreaseitsexports."Butinfact,theusisthecountrythathasmanipulateditsexchangeratethemostoverthepasthalf-century.Thefederalreserverespondedtocrisesandchallengesbyimplementingmassivemonetaryeasingpolicies,whetheritwastheremovalofthegoldstandardortheaftermathofthe2008financialcrisis.
