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Domestic News
1. The holder's "full picture" emerged, and equity funds were significantly increased
2. Jin Guanping, Economic Daily: Better expand the growth space of private investment
3. The Taipei District Court ruled that Taiwan People's Party Chairman Ko Wenzhe was not bailed back
4. The reform of public offering rates has been effective, and the management fees and transaction commissions have been significantly reduced
5. Delisting itself does not necessarily lead to compensation, and there must be "pursued to the end" if there are violations of laws and regulations.
International News
1. Large-scale demonstrations broke out in Israel calling for a ceasefire
2. The Turkish army killed 17 Kurdish fighters in Iraq and Syria
3. South Africa President Cyril Ramaphosa arrived in Beijing by plane to attend the summit of the Forum on China-Africa Cooperation
4. Three Israel policemen were shot dead near Hebron in the Jordan West Bank
5. Investigation report shows that Iran's passed President Raisi's helicopter crash was "weather caused"
Domestic News
1. The holder's "full picture" emerged, and equity funds were significantly increased
The data showed that in the first half of the year, institutional and individual investors significantly increased their holdings of equity funds, but they all reduced their holdings of hybrid funds. Judging from the holding data disclosed in the fund's interim report, the funds under E Fund, GF Fund and China Asset Management are the most favored by institutional investors, while the top three companies with fund shares held by individual investors are E Fund, Tianhong Fund and China Asset Management. In the first half of the year, when the market was volatile as a whole, some equity funds with excellent performance were favored by individual investors, and their shares increased significantly.
2. Jin Guanping, Economic Daily: Better expand the growth space of private investment
It is necessary to better expand the space for private investment and promote the reasonable growth of private investment. At present, the implementation of major measures such as "two focus" and "two new" is being accelerated, and the construction of investment projects such as ultra-long-term special treasury bonds, investment in the central budget, local government special bonds, and additional government bonds issued by the government in 2023 is also accelerating the formation of physical workload. In this process, it is necessary to further release the amplification effect of government investment, continue to broaden the investment space, so that private investment can be selected and invested well, and the willingness and ability of private investment will be enhanced by the gradual improvement of investment efficiency.
3. The Taipei District Court ruled that Taiwan People's Party Chairman Ko Wenzhe was not bailed back
On August 31, Taipei prosecutors applied to the court to detain Ke Wenzhe, Chairman of the Taiwan People's Party, on charges of corruption, violation of duty and accepting bribes. In the early morning of September 2, the Taipei District Court held that the prosecution could not determine that Ke Wenzhe was suspected of committing a crime by adducing evidence, and ruled that he should be returned without bail. In this regard, Taipei prosecutors said that they would file a protest. In addition, Peng Zhensheng, the former vice mayor of Taipei City, another defendant in the same case, was allowed to be detained and not seen. Ke Wenzhe was accused of being suspected of a plot ratio fraud case in Beijing, Taiwan and Beijing during his tenure as mayor of Taipei City, and the Taiwan Integrity Procuratorate has recently continued to investigate this case. On August 30, the Taipei District Prosecutor's Office and the Democratic Progressive Party (DPP) "Anti-Corruption Bureau" took Ke Wenzhe away for questioning.
4. The reform of public offering rates has been effective, and the management fees and transaction commissions have been significantly reduced
Since the start of the public fund rate reform in July last year, the first phase of management fee reduction and the second phase of commission reduction have been implemented. Judging from the data of the 2024 interim report of the public fund, the reform has been quite effective. In the first half of this year, fund management fee income decreased year-on-year, and the number of fund companies with revenue exceeding 1 billion yuan decreased year-on-year, and commission expenses decreased significantly. Industry practitioner believe that under the general trend of fee reduction of public funds, fund companies and fund distribution agencies should comply with the requirements of high-quality development, reduce costs and increase efficiency, practice "internal strength", and maintain competitiveness in the changes in the industry.
5. Delisting itself does not necessarily lead to compensation, and there must be "pursued to the end" if there are violations of laws and regulations.
On August 29, the China Securities Small and Medium-sized Investor Service Center held a seminar on improving the investor compensation and relief mechanism in the process of delisting. Experts at the meeting believed that the delisting itself does not necessarily lead to compensation, but there are major violations of laws and regulations that must be "pursued to the end". At the same time, in addition to financial fraud and fraudulent issuance, whether a civil claim can be made under other circumstances needs to be based on whether there is an illegal act or breach of contract, a specific case analysis, to explore the real reasons for delisting, and to confirm the size of the fault and the resulting profit and loss according to the facts and causal relationship.
International News
1. Large-scale demonstrations broke out in Israel calling for a ceasefire
Large-scale demonstrations broke out in Israel on the 1st, and many people took to the streets to call on the Israel government to reach a ceasefire agreement with Hamas and promote the release of Israeli detainees in the Gaza Strip. Near Tel Aviv's Ministry of Defense and around the Jerusalem parliament building, Xinhua reporters saw demonstrators chanting slogans calling for a ceasefire, holding up placards and photographs of detainees. According to a report on the website of Israel's "New News" on the evening of the 1st, a total of 700,000 people across the country participated in the demonstration that day, including 550,000 in Tel Aviv. Israel media reported that on the evening of the 1st, thousands of protesters set fire to a main road in Tel Aviv, causing the road to be temporarily closed. Police issued a statement saying they had dispersed some of the protesters, and at least 12 people were arrested during demonstrations across the country.
2. The Turkish army killed 17 Kurdish fighters in Iraq and Syria
The Turkey Ministry of Defense issued a statement on September 1 saying that the Turkish army has launched military operations against Kurdish armed groups entrenched in northern Iraq and northern Syria for several days, killing 17 Kurdish fighters. The statement said that the Turkish army has recently launched a number of operations, killing 15 PKK fighters in Gayla and Maitina in northern Iraq, and killing 2 armed PKG fighters in the Manbij area of northern Syria Syria. In recent years, the Turkish army has repeatedly crossed the border to attack Kurdish fighters entrenched in the mountainous areas of northern Iraq and northern Syria to secure the southeastern Turkish border.
3. South Africa President Cyril Ramaphosa arrived in Beijing by plane to attend the summit of the Forum on China-Africa Cooperation
On September 2, South Africa President Ramaphosa arrived in Beijing by plane to attend the 2024 Forum on China-Africa Cooperation Summit held in Beijing. South Africa, located at the southernmost tip of the African continent, is the second largest economy in Africa, as one of the BRICS countries, the bilateral trade volume between China and South Africa reached 55.6 billion USD in 2023, China has been South Africa's largest trading partner for 15 consecutive years, and South Africa has also become China's largest trading partner in Africa for 14 consecutive years. The trade volume between China and South Africa accounts for about one-fifth of the trade volume between China and Africa.
4. Three Israel policemen were shot dead near Hebron in the Jordan West Bank
On September 1, Israel officials said, three Israel police officers were shot and killed at an Israeli army-controlled checkpoint near the city of Hebron on the west bank of the Jordan River. Israeli forces then launched a manhunt and killed the attacker in a house in the city of Hebron. Israel's National Security Minister, Ben-Gvir, who represents the far-right hardline, said more checkpoints should be set up in the area. On the same day, Hamas issued a statement praising the actions of the attackers, but the group did not claim responsibility for the attack.
5. Investigation report shows that Iran's passed President Raisi's helicopter crash was "weather caused"
On September 1, Iran released an investigation report on the late President Raisi's helicopter crash. According to numerous investigations and tests by experts and relevant departments, the report issued by the Supreme Expert Council of the General Staff of the Iranian Armed Forces states that the main cause of the helicopter crash was "complex climatic conditions in the spring in the region", as well as the sudden appearance of "dense fog", which led to a collision of the helicopter with the mountain. On May 19, then Iran President Raisi's helicopter had a hard landing in Iran, and Raisi, then Iran's Foreign Minister Abdollahian and other officials were confirmed dead in the accident on the 20th.
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