Must News: Ministry of Commerce: This year, the "Measures for the Strategic Investment Management of Foreign Investors to Listed Companies" will be revised this year

Must News Speed ​​Exhibition on July 6, 2022 Securities Daily www.zqrb.cn1. Business Department: This year, the "Measures for the Strategic Investment Management of Foreign Investors to Listed Companies" will be revised on July 6th, and the Ministry of Commerce will release the 2022 regulations on the legislative plan ( The following is referred to as the "plan") to make relevant rules and regulations on strengthening the construction of the domestic trade circulation system, improving the foreign investment system, and improving the rules of trade remedy. In terms of strengthening the construction of the domestic trade circulation system, the plan mentioned that in order to strengthen the standardization of the business field, the Ministry of Commerce will improve the standard management system and revise , Amend the "Single -purpose Commercial Prepaid Card Management Measures (Trial)" (drafted by market construction); in order to further adapt to the current development situation of the second -hand car market and the reform of the management system, the "Administrative Measures for Second -hand Circulation" (Consumption Promotion Drafting) ; In order to strengthen the management of motor vehicle scrap and promote the development of the circular economy, the "Regulations on the Standards for Motion Motor Vehicles" (Consumption Promoting Drafting); in order to implement the "Anti -Food Waste Law", further strengthen the management of the catering industry, and revise the "catering industry operations management Administrative Measures (Trial) "(drafted by the Department of Service). In terms of improving the foreign investment system, the plan pointed out that in order to further relax foreign investors' strategic investment restrictions on listed companies and innovate supervision methods, in 2022, the "Measures for the Strategic Investment Management of Foreign Investors to Listed Companies" (Drafted by Foreign Investment) will be revised. At the same time, in order to continuously improve the rules of trade relief in my country and meet the needs of the development of the situation and the requirements of the WTO rules, in 2022, the "Rules of Reconstruction of the Anti -dumping Period", "Anti -dumping Price Procedural Rules", "Reprinting Rules for Reproduction of Anti -dumping", "Protection Measures Investigation and Hearing Investigation and Hearing Meeting Rules (drafted by the Trade Relief Bureau). (Securities Daily) 2. CITIC Securities: The scale of personal pensions in the next ten years may reach more than 6 trillion yuan. With the acceleration of the aging process of my country, ensuring that "old -fashioned" has become one of the focus of today's society. At present, the international practice of my country's pensions has established a three -pillar system. In recent years, the growth rate of my country's basic pension insurance premium income has begun to slow and began to be lower than expenditure growth. On the basis of the "Opinions on Promoting the Development of Personal Pensions" released by the General Office of the State Council in April 2022, the CSRC studied the "Interim Provisions on the Management of Business Management of Personal Pension Investment Public Fund Fund (Consultation Draft)" (following The "Interim Provisions"), clearly, is clearly included in the trial stage. It is planned to be included in the pension target funds that are not less than 50 million yuan at the end of the last four quarters. Looking back at the growth of the pension target fund, China CITIC Securities analyzed that in March 2018, the CSRC launched the "Guidelines for Pension Target Securities Investment Fund (Trial)", which was officially established. At the end of 2018, the net asset value of the pension target fund was only 5.5 billion yuan, reaching 110.1 billion yuan at the end of 2021, and the annual compound growth rate was as high as 171%. In the first quarter of 2022, due to fluctuations in the equity market, net assets fell to 103.6 billion yuan. Among them, the target risk fund scale was 87.7 billion yuan. Yuan. According to data from the second quarter of 2021 to the first quarter of 2022, CITIC Securities believes that a total of 84 pension target funds meet the requirements of the "Interim Regulations". The net assets reached 71.1 billion yuan, accounting for 69%. The size of the products owned by the Bank of Communications Schroder Fund reached 32%. Judging from the risk income characteristics of the 84 -compliant pension target fund, CITIC Securities said that the income is better, but the risk control is not good. It does not reflect the superiority of the smooth fluctuations of FOF products. The ability to fluctuate. Looking forward to the future, CITIC Securities believes that there have been media reports before that Sichuan Province will launch a trial work of personal pensions in a timely manner in accordance with the national unified deployment. The acceleration of personal pensions will be obvious. It is expected that the scale of personal pensions may reach 6 trillion yuan in the next ten years. Above. At the same time, CITIC Securities also counted the asset allocation of 84 pension target funds that meet the regulatory requirements. Among them, bond funds accounted for 65%. After a large number of pensions entered the market, it is expected to bring a large scale of incremental funds to the bond market. Essence (Securities Daily) 3. Passenger Federation: In June, the national passenger car market retail is expected to be 1.926 million. According to the report of the China Federation on the 6th, preliminary statistics, the national passenger car market retail on June 1-30 is expected to be 1.926 million Vehicles increased by 22%year -on -year, an increase of 42%over the previous month. Since June 3-5 is the Dragon Boat Festival, the actual effective sales time in the first week of this month is only 1-2 days. Compared with the Dragon Boat Festival last year on June 14, the first week of June this year is already reflected in the trend of this year. Incrementing effects of policy start. The market in the second week gradually shows the effect of the start period of the car purchase tax reduction policy. The retail trend of the auto market in the third week continued to warm up. Last year, the low base of the Dragon Boat Festival increased the growth rate this year, making the retail performance far exceeded expectations. Although the base of retail in the fourth week has rebounded, the retail sales driven by the favorable policies are still growing strongly, and the year -on -year growth rate is still high. At present, the retail sales in June are better than the trend expectations of the policy in the industry. The overall market retail performance in June is worth looking forward to.

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