Femorning Daily 1.11.2016
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1、人民网消息，“高负债－债转股－重新大幅举债”，这样的恶性循环不能重演。债转股只是改革的手段之一，不能将其当作国企脱困捷径，更不能把实现债权转股权、负债率下降就看作脱困成功。
People.cn news, "high debt - debt-for-equity swap – being on heavy debt again", this vicious cycle can not be repeated. Debt-for-equity swap is only one of the means of reform, can not be regarded as a shortcut for state-owned enterprises to go out of difficulty, not to mention seeing the realization of debt-for-equity swap and debt ratio decreasing as successful.
2、中金表示，按照目前的进度，2016年“广义财政赤字率”可能达到GDP的9.5-10%，赤字额同比扩大约40-50%。各类“准政府债券”发行的加快是今年上半年财政宽松的主要途径，但下半年以来，减税和财政存款投放的力度有所加大。
China International Capital Corporation Limited (CICC) said that, according to the current progress, the "general fiscal deficit rate" in 2016 may reach 9.5-10% of GDP, and the deficit will expand by 40-50% year-on-year. The acceleration of the issuance of various types of "quasi-government bonds" was the main way for fiscal easing in the first half of this year, but since the second half of the year, the effort on tax cuts and fiscal deposits have been increasing.
3、经济参考报消息，养老金入市短期内看，其影响将是非常有限的。毕竟，入市资金只有3000亿元或4000亿元，而且这些资金目前还不能形成“合力”。但从长期看，则应保持谨慎乐观的态度，将来入市的养老金将是可观的。
ECONOMIC INFORMATION DAILY news, the impact of pension entering the market will be very limited in the short term. After all, the funds in the market are only 300 billion yuan or 400 billion yuan, and these funds can not form a "combined force" for now. But in the long run, cautious and optimistic attitude should be kept, the future pension entering the market will be considerable.
4、人民日报消息，让干实业的不输给炒房子的，关键就要让“实”与“虚”的结构再调整、再平衡，把这一比例维持在风险红线以内。接下来还要继续加强资金的投向监管，打击换个马甲的“首付贷”，整治存在乱象的“P2P平台”。
PEOPLE’S DAILY news, do not let the industrialists lose to the real estate speculators, the key is to readjust and rebalance the structure of "real" and "virtual", to maintain this ratio within the red line of risk. The next step work will continue to strengthen the supervision of capital investment, fight against the "down payment loans" that changed their vests, regulate the chaos "P2P platform".
5、上证报消息，银联国际在上周末两度发声，重申境内银联卡在境外保险类商户合规使用的重要性。同时，保险监管部门也在进行相关摸底与调研工作。调研发现，非法销售香港保险产品的参与主体鱼龙混杂，营销手法花样翻新，在一定程度上已扰乱了内地保险市场。
Shanghai Securities News reported, UnionPay International spoke twice last week, reiterating the importance of the compliance use of domestic UnionPay cards in the overseas insurance businesses. At the same time, the insurance regulatory authorities are also conducting the relevant survey and research work. The research found out that the main participants of the illegal sale of Hong Kong insurance products are mixed up with the good and the bad, their marketing practices are with disguise, and has disrupted the mainland insurance market to some extent.
6、证券日报消息，截至10月20日，10月新增的终止审查企业数量为21家，今年以来IPO终止审查企业的数量为57家。投行人士称，监管层对于IPO的核查越来越严格，而今年监管层的审核重点是从源头堵住首发项目“带病申报”的问题，把不符合发行条件的企业挡在IPO大门之外。
SECURITIES DAILY news, as of October 20th, 21 more companies’ IPO reviews were terminated in October, the number of companies which IPO reviews were terminated became 57 since this year. Investment bank insiders said the regulators’ verification of the IPO is increasingly stringent, and their focus this year is to block the problem of "applying with disease" for the projects issued for the first time from the source, keeping the enterprises that do not meet the conditions of issuance outside the gate of IPO.
7、21世纪经济报道消息，央行盛松成表示，中国房地产市场供给方面的问题较为突出，我国当前的房地产调控应注重需求调控与供给调控相结合，短期调控与长期调控相结合，并处理好房地产与经济发展的关系。
21st Century Business Herald news, THE PEOPLE’S BANK OF CHINA (PBC) Sheng Songcheng said that the problem on the supplying side of China's real estate market is pretty prominent, the current regulation of the real estate market in China should emphasize the combination of the regulation of the demand and the regulation of the supply, the combination of short-term regulation and long-term regulation and handle the relationship between the real estate and economic development well.
8、统计局消息，据对全国规模以上文化及相关产业4.9万家企业调查，2016年前三季度，上述企业实现营业收入55881亿元，比上年同期增长7%，增速尽管比上半年回落0.9个百分点，依然保持较快增长。
National Bureau of Statistics of the People's Republic of China (NBS) news, according to the survey of 49,000 national cultural and related industries above the designated size, in the first three quarters of 2016, these enterprises achieved operating income of 5.5881 trillion yuan, increased 7% year-on-year, despite the growth rate falling 0.9% from the first half of this year, the growth rate still maintains relatively high.
9、发改委发布关于加快美丽特色小（城）镇建设的指导意见。要求分类施策，探索城镇发展新路径；突出特色，打造产业发展新平台；创业创新，培育经济发展新动能；完善功能，强化基础设施新支撑；绿色引领，建设美丽宜居新城镇等。
National Development and Reform Commission (NDRC) issued the guiding opinions on accelerating the construction of beautiful and special small (cities) towns. It requires the policy to be carried out according to classification to explore new paths for city and town development, the specialty to be emphasized to create a new platform for industrial development; entrepreneurship and innovation to foster new kinetic energy of economic development; functions to be improved to strengthen the new support of infrastructure; green guidance to construct beautiful and livable new towns and so on.
10、中证网消息，据外媒报道，日本最大的三家船运公司周一宣布，将各自的集装箱运输业务合而为一，合并后的运输能力居行业第六。由于行业陷入有史以来最严重的低迷，业内整合的势头愈演愈烈。
China Securities Journal online news, according to foreign media reports, Japan's three largest shipping companies announced on Monday to combine their respective container transport business into one, the combined transport capacity ranks No. 6 in the industry. As the industry fell into the most serious downturn in the history, the integration momentum within the industry intensifies increasingly.
11、财经早餐今天的回复关键词是：房价。过去的一周，各地楼市成交情况如何呢？想知道您所关注的城市房价走势吗？财经早餐特别统计了多个主要城市楼市价量数据。点击公众号界面左下按钮，文字或者语音回复房价即可。
Femorning’s keyword for replying today is housing price. How was the property market transaction situation in various cities for the last week? Would you like to know the price trend of the city of your concern? Femorning provides you with daily price and volume data for a number of cities. All you need to do is to click on the button in the lower left of our Wechat interface, reply housing price by text or voice.
财经早餐今天的回复关键词是：房价。过去的一周，各地楼市成交情况如何呢？想知道您所关注的城市房价走势吗？财经早餐特别统计了多个主要城市楼市价量数据。点击公众号界面左下按钮，文字或者语音回复房价即可。
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