Xinhua News Agency reported, the Chinese economy in 2016 has entered the "ending season", although still facing difficult challenges, the trend of fully completing the main target of economic development in the first year of the "Thirteenth Five-Year Plan" is optimistic. Investment is still the most effective means of steady growth at this stage, this round of regulation did not adopt "strong stimulus", but to appropriately expand effective investment and optimize the investment structure. Comprehensive policies are implemented through means including the guidance and drive of special construction funds, the implementation and promotion of private investment special inspections, the promotion of PPP projects, and the liberalization of market access.
HAITONG SECURITIES Jiang Chao believes that looking outward, both the US election in November and the interest rate hike in December have huge uncertainties. Looking inward, after the real estate regulation and control raising effort, the real estate sales sharply dive in mid and late October, economic downturn risk is increased in the fourth quarter, it’s probably hard to make it rely on PPP infrastructure alone. Seeing from the liquidity point of view, under the dual pressures of the exchange rate depreciation and the real estate bubble, the monetary policy of THE PEOPLE’S BANK OF CHINA (PBC) will be relatively tight in the short-term, leading to an overall increase in interest rates last week, liquidity risk needs to be guarded against the short-term.
PEOPLE’S DAILY news, AGRICULTURAL BANK OF CHINA chairman Zhou Mu Bing said that facing the economic downward pressure in the current and future period of time, the golden age of rapid expansion of operation scale, rapid profit growth and loose competition pressure in the banking industry ended. Increase in the cost of debt, lack of effective assets, narrowing deposit and loan spreads, risk prevention and control pressure, income level declining and competition within the industry increasing will become the norm of bank operations.
FOUNDER SECURITIES Ren Zeping said that the small real estate cycle was over, this round of rising prices is near the end. With the real estate regulation and control effect emerging, it is expected that the economy is going to return to the downstream channel by the end of the fourth quarter, the policy may force on the infrastructure part to hedge against it. In addition, the prediction that the stock market will be in fluctuation and there will be structural opportunities remains unchanged, it is suggested to focus on investment opportunities of the fourth quarter themes, such as state-owned enterprises mixed ownership reform, PPP, rail transportation, debt-for-equity swap, the Shenzhen-Hong Kong Stock Connect program, consumption and so on.
China Securities Journal news, although the stock market doesn’t have obvious effect to make money currently, for the major shareholders of the listed companies, the motive for profit has never changed. Only in the weak market, the major shareholders need more institutions, such as private equity, brokerage firms to be "friendship guests" to play their capital stories, using stock return exchanges and other tools with the nature of gambling to maximize the profit from the capital market .
According to "real estate enterprise operating income list of the first three quarters of 2016" released by CRIC, in the first three quarters of this year, the leading enterprises mainly in commercial real estate operations suddenly rose, MACALLINE, COFCO Joy City were rushed to the second and fifth place respectively. The industry insiders believe that the "development on one hand, operation on the other" will become the strategic layout trend for benchmark real estate enterprises to adjust.
Xinhua News Agency reported, CHINA HEALTH PROMOTION FOUNDATION chairman Bai Shuzhong said that with the emphasis of the national policies and the increase of people’s economic levels, China's health management industry is entering the "golden age", the industry norms and big data information technology will be enhanced in the future to achieve the precise prevention of diseases.
Www.cnr.cn news, on October 22nd, Yancheng City, Jiangsu Province, held a promoting conference on cooperatively constructing a national-level big data industry base in Beijing, nearly 300 businessmen from Beijing, Shanghai and other places participated, 22 big data projects including Microsoft were signed on-site signing. After more than a year’s highly intensive promotion, Yancheng Big Data Industrial Park’s core area has completed investments of over 100 billion yuan, 219 projects including HUAWEI and BONC have settled here.
Xinhua News Agency reported, US telecom operator AT & T Corp. (NYSE: AT & T) announced on October 22nd that it will buy Time Warner for $ 85.4 billion. The acquisition will be in cash plus equity. Analysts pointed out that this is another move of US telecom operators transforming and entering the media industry in recent years.
On October 22nd, Shanghai license plate auction results were released. In October, 11,621 plates were auctioned, decreased 1,268 from the last month, 213,212 people participated in the auction, and decreased by 16,332 people from the last month, the successful rate was 5.5%. The average transaction price was 88,359 yuan, increasing 1,836 yuan from the last month.
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