The Rules For The Implementation Of IPO Begin To Be Solicited.

The tenth summit of leaders of the group of twenty was held in Antalya, Turkey.

President Xi Jinping attended and delivered an important speech entitled "the path of innovation and growth sharing development", emphasizing that the group of twenty should strengthen communication and coordination of macroeconomic policies, promote reform and innovation, build an open world economy and implement the 2030 sustainable development agenda.

Xi Jinping stressed that China has the confidence and ability to maintain rapid growth in the economy.

At the most difficult time in the world economy, China has undertaken the important task of pulling growth.

This year

It is estimated that the growth of about 7% will still account for about 1/3 of the world economic growth and will remain an important source of power for the world economy.

The Shanghai and Shenzhen Stock Exchange recently issued a draft of the detailed rules for the implementation of the initial public offerings online and offline.

The draft is clear about the principle of underwriting online purchase by principal underwriters.

Compared with the previous amendments, the new rules generally extended the rules for calculating the market value.

The draft shows that the market value of online purchase of Shanghai and Shenzhen stock market needs more than 10 thousand yuan.

The calculation method is based on the daily average holding market value of the first 20 trading days according to the T-2 (T day's date of purchase announcement).

The maximum limit for each investor to purchase online is 1/1000 of the initial number of shares issued, and the maximum is no more than 99 million 999 thousand shares.

The market value of investors should be calculated by market.

That is to say, the non restricted A shares holding the Shanghai market can participate in the online issuance of the new shares in the Shanghai stock market. Investors holding the market value of the A shares in the Shenzhen market can participate in the online issuance of Shenzhen stock market.

In addition, the Shanghai stock market can purchase a subscription unit at the market value of 10 thousand yuan, with a purchase unit of 1000 shares, while the Shenzhen stock market threshold is 5000 yuan, corresponding to 500 shares.

The SFC main board issuance audit committee is scheduled to convene the 189th issue audit committee working conference on 2015 20, to examine the first application of the first venture securities Limited by Share Ltd.

The gem issuance audit committee is scheduled to convene the eighty-ninth issue audit committee working conference on 2015 20, to examine the first application of Beijing Hengtai Shida Polytron Technologies Inc.

In November 15th, Tianxing instrument announced that the company received the notice of Guangdong new value investment limited. As of November 13th, the Sunshine brand 1 securities investment fund, Zhuo Tai sunshine placards 1 securities investment fund and other products accumulated a total of 7 million 642 thousand and 200 shares of the company's shares, accounting for 5.06% of the total share capital of the company, which constituted a placards.

In fact, in November alone, the new value of the company has been raised by KOH hang shares, three A companies in the East China Sea and Coase Wood.

For cause

In the case of insufficient funds and total or partial abandonment of subscriptions, the draft solicitation stipulates that the shares are underwritten by the lead underwriter.

Subscribers will not be able to complete the subscription of new shares at 4 p.m. at T+3 p.m., which is regarded as invalid.

RMB pair

The exchange rate yesterday was breathtaking.

In early trading, the central parity of RMB against the US dollar fell for 10 consecutive trading days, but in the afternoon, the RMB spot exchange rate against the US dollar jumped by about 340 basis points in one hour.

Market participants believe that, although the Fed's interest rate increase in December is expected to increase and push the US dollar strong, with the news of RMB joining SDR and net capital inflow in October, there will be no trend depreciation of RMB in the future.

The Ministry of finance, the Ministry of human resources and social security and the national health and Family Planning Commission announced the final accounts of the national social insurance fund in 2014 16.

In 2014, the total income of the national social security fund was 40439 billion yuan, an increase of 12.4% over the previous year. At the end of the year, the balance was 51635 yuan.

The national social insurance fund includes social insurance funds such as basic endowment insurance fund, basic medical insurance fund, unemployment insurance fund, industrial injury insurance fund, maternity insurance fund and so on.

More than 5 billion social security funds will enter part of the A share market.

Investors must not forget: in August 23rd of this year, according to the announcement of the Chinese government network, the "basic endowment insurance fund investment management measures" officially issued by the State Council, effective from the date of issuance.

The method is clear: the proportion of investment in stocks, equity funds, mixed funds and stock pension products can not be higher than 30% of the net assets of the pension fund; participation in stock index futures and treasury bond futures pactions can only be hedged.

China's stock market is bound to rise in the next one or two years, so that people in the whole country will not wear glasses.