Financial attentionMacroeconomics1. According to preliminary statistics from China National Radio, the number of visitors to Hong Kong in August reached nearly 4.5 million, an increase of over 9% year-on-year, setting a new monthly high since full customs clearance in February last year.2. Shanghai Meteorological Bureau: On September 17th, there was significant sun exposure and the temperature quickly rose. As of now, the highest temperature at Xujiahui Station in the central urban area is 33.7 ℃. This is the hottest Mid-Autumn Festival after the 35 ℃ high temperature on the Mid Autumn Day in 2005.3. Pengpai News: With the arrival of Mid Autumn Festival and National Day, the demand for imported fruits in the domestic market continues to rise. The railway departments of China and Laos are making every effort to transport imported fruits from Southeast Asian countries such as Thailand and Laos. Since August, a total of 17700 tons of imported fruits such as durian, mangosteen, and bananas...
2024
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Financial attentionMacroeconomics1. Shanghai Mayor Gong Zheng: Shanghai has the conditions and ability to become an important hub of the global innovation network, and will accelerate the construction of a world-class major science and technology infrastructure cluster; Promote the construction of high-level international science and technology cooperation bases; Continuously organize brand activities to promote cooperation and exchange. We will participate in the initiation of international scientific programs and projects, and promote foreign enterprises to carry out research and development in Shanghai.2. Hong Kong Financial Secretary Paul Chan: The new stock market is gradually recovering. A large new stock listed last week raised HKD 31 billion, making it the second largest new stock in the world this year. The IPO fundraising amount in Hong Kong this year has exceeded that of last year and has risen to fourth place globally. Currently, about 100 companies are queuing up for listi...
2024
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Financial attentionMacroeconomics1. Yu Yongding from the Chinese Academy of Social Sciences: Consumption needs to be stimulated. However, considering the actual situation in China, geopolitical factors, and the fact that China's economic growth rate has not been high in recent years, with income growth declining and asset values shrinking, consumer confidence is insufficient and consumption is relatively difficult to start. At this point, in order to accelerate economic recovery, the first step in policy action is to consider increasing infrastructure investment.2. Bank of China Securities Guan Tao: The current appreciation of the RMB has a market basis and is a market behavior. The recent appreciation of the Chinese yuan has been affected by the expected economic recovery boosted by Chinese policies and the weakening of the US dollar caused by the Federal Reserve's interest rate cuts. It is expected that the RMB exchange rate will shift from unilateral pressure in the first ha...
2024
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Financial attentionMacroeconomics1. Pengpai News: As of August 17th, over 20 cities across the country have announced the cancellation of the Gold Exchange. Several local gold exchanges have been cancelled before.2. The National Development and Reform Commission and four other departments will establish a mechanism to promote private investment funding and factor guarantee, further promoting the development of private investment. We will continuously promote projects to private capital and focus on increasing the promotion of key infrastructure projects such as transportation, energy, and water conservancy.3. CCTV News: Driven by the policy of large-scale equipment updates, investment in technological transformation in the manufacturing industry increased by 10.9% from January to July, continuing to maintain double-digit growth, which is 7.3 percentage points faster than total investment; The energy utilization efficiency in the industrial sector continues to improve, and the energy co...
2024
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Financial attentionMacroeconomics1. CITIC Securities: Fiscal policy is currently the focus of market attention, and the overall policy statement of the Ministry of Finance has exceeded expectations. The change in policy thinking is more important than the magnitude of the intensity; The current market is in a transitional stage from an expected major reversal to a major turning point in the market. After the initial pulse like rise, the long short game in the market has intensified, and the entry rhythm of incremental funds outside the market has slowed down. However, the potential scale of funds entering the market is still large. It is expected that the market will gradually shift from being driven by fund sentiment to being driven by fundamental verification, and the market characteristics will shift from pulse like ups and downs to stabilizing and slowly rising.2. Cyberspace Administration of China: Recently, some online accounts have fabricated rumors in the fields of public polic...
2024
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Financial attentionMacroeconomics1. Premier of the State Council: The "Regulations on Export Control of Dual Use Items of the People's Republic of China" have been promulgated, clarifying that this regulation applies to the export control of dual-use items and other items related to safeguarding national security and interests, fulfilling international obligations such as non-proliferation. Cancel the registration system for dual-use item export operators. Enhance the transparency and standardization of export control policies for dual-use items.2. The Ministry of Justice and the Ministry of Commerce: The "Regulations on Export Control of Dual Use Items of the People's Republic of China" will not set obstacles to normal international scientific and technological exchanges, economic and trade cooperation, and the safe and smooth operation of global industrial and supply chains. Dual use items can be used for both civilian and military purposes or contribute t...
2024
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