8/8/2018-4

The Bank of China’s Insurance Regulatory Commission has cleared the black and the evil

The English “China Daily” forecast will have more stable investment growth and credit support policies; there are reports that this year’s railway fixed investment will return to more than 800 billion yuan, more than the original plan of 732 billion yuan; Pumping up, as well as plans for the release of Dawan District in Zhejiang Province, the total transportation investment in the next five years is estimated to be about 1 trillion yuan, etc., and oil, chemical, railway infrastructure, Zhejiang Dawan District and other concept stocks soared, making A shares four major indexes Both rose by nearly 3%, with the Shanghai Composite Index hitting its biggest one-day gain in more than two years.

Yesterday’s retaliatory rebound, how many points to the US President Trump earlier threatened to impose tariffs, A shares fell 27% in four months, made a counterattack. At the same time, to stabilize investor confidence, in the early September, when the United States announced a 25% tariff on 200 billion US dollars of Chinese imports, the market reacted excessively and increased its lethality.

It is a pity that the transaction has still not been able to cope with it. Yesterday, it still had only a small turnover of 316.7 billion yuan under the big market, which further highlighted the current lack of investment confidence.

First remove Trump’s ignited fire, including claiming to impose the most severe sanctions on Iran, and predicting that “the price will rise to another level in November”; in other words, the sanctions on Iran’s energy will be restored on November 5th. When oil is exported, more than 65% of the oil-dependent imports of China are more or less lying in the middle! Stimulated by relevant news, Brent oil in the early days of the European market rose 1.4% to 74.83 US dollars, making China inevitably expensive.

Fortunately, under the circumstance of the crisis, the rapid depreciation and volatility of the people in recent days have not yet formed too much “funding” pressure. Because the central bank announced yesterday that foreign exchange reserves in July were 31,179.46 billion US dollars, a slight increase of 5.871 billion US dollars in June, an increase of 0.18%, unexpectedly recorded a second consecutive month of rebound (June rose by 1.506 billion US dollars in May). According to the SAFE’s explanation, this reflects the fact that the people’s exchange rate against the US dollar, but other non-US dollar currency exchange rate conversion, as well as asset price changes and other factors, so that the size of foreign exchange reserves rose steadily.

After the release of the foreign reserve data, it also stimulated the exchange rate of the market. The onshore RMB night market broke through the 6.82 mark in the early session, which was more than 300 points higher than the previous day’s closing price. The offshore RMB also rose above 6.82 in the early part of the European market. At the pass, it also rebounded more than 380 points from the previous day.

However, it is heartbreaking that the investigation team of the State Council announced the progress of the suspected “toxic vaccine case”, referring to the Jilin Changchun Changsheng Company in the production of rabies (rabies) vaccine, found that a batch of mixed raw liquid, mixed with the date and batch number, etc. , is currently carrying out a recall (recycling) work; reiterated that the suspected criminal offence will be seriously pursued. Some netizens describe that it is not a rabies vaccine, it should be a “heart disease vaccine”! No wonder A-shares have more than 3,000 stocks rising yesterday. ST Changsheng has fallen for 16 consecutive days. The stock price has accumulated violent diarrhea by 70%, and the market value has evaporated by 16.7 billion yuan. How many retail investors have lost their investment, and they are crying. .

What is even more ridiculous is that the Banking Regulatory Commission issued a notice to carry out the “Special Struggle for the Elimination of Evil” in the banking and insurance industries to purify the financial environment. It is only amazing that the original port of Hong Kong was the exception of the “sickness and madness vaccine”. The triads and big deaf in the production, such as illegal detention, intimidation, threats, etc., have been “staged” in the new era of the Mainland; they have used the evil forces to “take money from financial institutions” and then transfer loans Even the illegal lending of students to school is normal. The “Notice” also requires that the directors, supervisors and senior management personnel of the banking insurance institutions be strictly prohibited. This is not a circumstantial evidence that there are “black evil elements” in financial institutions that have become “Dong Jiangao” personnel? At the same time, it also raises questions about the review and supervision capabilities of the MCRC.