The "China Financial Association" read the newspaper at 8:00 a.m. on Tuesday, November 16, 2021, and everything began from the heart

【China Financial Association】Reading the newspaper at 8:00 a.m. on Tuesday, November 16, 2021, all the good things start from the heart:

Qiu Zhiping, China's financial association

1. National Bureau of Statistics: The consumer market continued to recover in October, and sales in urban and rural markets rebounded. Shen Junli, statistician of the Department of Trade and Foreign Economic Cooperation of the National Bureau of Statistics, interpreted the total retail sales data of social consumer goods in October: In October, the multi-point local epidemic had a certain impact on the consumer market in some areas, but driven by factors such as holiday consumption, online shopping promotions, and sales of new products in communication equipment, the national market sales maintained a recovery trend. The total retail sales of consumer goods increased by 4.9% year-on-year, the growth rate was 0.5 percentage points faster than the previous month; it increased by 9.4% over the same period in 2019, and the average growth rate of 4.6% in the two years was 0.8 percentage points. (Interface News)

2. On November 15, the Beijing Stock Exchange opened, and the first trading day of the Beijing Stock Exchange ended smoothly, with a total of 81 Stocks of the Beijing Stock Exchange trading 9.573 billion yuan. The 10 new stocks listed directly on the Beijing Stock Exchange rose across the board, triggering two temporary suspensions during the session. By the close, the 10 new listings were up an average of 199% from their issue price, up nearly 500% at their highest. A number of industry insiders said that the debut of the Beijing Stock Exchange is eye-catching, as a whole reflects the market's recognition of the deepening reform of the new third board, in line with most people's expectations, the selection layer of translation of old stocks generally declined, which is mainly the North Stock Exchange has been gradually digested, in the long run, the stock price trend by the company's operating performance, growth, innovation attributes and other factors, the Reform Policy of the North Stock Exchange will only stimulate and promote the value discovery of high-quality enterprises, the so-called "good out of the short-term", even if it occurs, it is only a short-term disturbance at the level of transaction funds. Does not have an undue impact on the value of the company's long-term investments. (Securities Times) (CCTV2)

3. According to the data released by the Asset Management Association of China, as of the end of October 2021, the scale of private equity management funds was 19.69 trillion yuan, an increase of 504.085 billion yuan over the previous month, an increase of 2.63% month-on-month. From the perspective of the number of managers, there are 24,569 existing private fund managers, an increase of 57 over the previous month, an increase of 0.23% month-on-month. (Financial Associated Press)

4. Bureau of Statistics: In October, the added value of industries above designated size in the country increased by 3.5% year-on-year, 0.4 percentage points faster than the previous month; the average growth rate in two years was 5.2%. From the perspective of consumption, in October, the total retail sales of social consumer goods totaled 4,045.4 billion yuan, an increase of 4.9% year-on-year, 0.5 percentage points faster than the previous month. From the perspective of investment, from January to October, the national fixed asset investment 445823 billion yuan, of which the high-tech industry has developed rapidly. (CCTV2)

5. State Administration for Market Regulation: Internet companies have vigorously entered the community group purchase and squeezed the employment space of small stall owners. Recently, the official website of the State Administration for Market Regulation published a reply to the bureau's proposal to "prevent large Internet companies from using online group buying to form a market monopoly to enter the grass-roots areas of cities and counties, seriously affecting the interests of the masses". According to the State Administration for Market Regulation, the people's congress deputies' understanding of the problems existing in community group buying, as well as the suggestions put forward on "using strict law enforcement and strong supervision to cool down community group buying with disorderly competition" and "defining and scientifically regulating related issues as soon as possible, restricting the expansion of capital with monopolistic tendencies in accordance with the law, and integrating technological advantages with consumer demand and the real economy", are of great reference significance for us to improve the legal system of platform economic supervision, improve the supervision mechanism, and improve the efficiency of supervision. In the next step, the State Administration for Market Regulation will accelerate the revision of the Anti-Monopoly Law, improve relevant supporting legislation, and refine the rules for regulating monopolistic behavior in the platform economy. (The Paper)

6. Ministry of Commerce: From January to October, the actual amount of foreign capital used nationwide was 943.15 billion yuan, an increase of 17.8% year-on-year. From the perspective of the industry, the actual use of foreign capital in the service industry was 752.52 billion yuan, an increase of 20.3% year-on-year. The actual use of foreign capital in high-tech industries increased by 23.7% year-on-year, of which the high-tech service industry increased by 27.9% and the high-tech manufacturing industry increased by 10%. From the perspective of sources, the actual investment of countries along the "Belt and Road" and ASEAN increased by 30.7% and 29.5% respectively year-on-year. From the perspective of regional distribution, the actual use of foreign capital in China's eastern, central and western regions increased by 17.5%, 29.8% and 9% respectively year-on-year. (CCTV)

In July and October, a number of economic indicators exceeded expectations, and the steady growth of policies is still expected to increase. On November 15, the National Bureau of Statistics announced the operation of the national economy in October. Fu Linghui, spokesman for the National Bureau of Statistics and director of the Department of Comprehensive Statistics of the National Economy, said that the main macro indicators in October were generally in a reasonable range, and the national economy continued to maintain a recovery trend. Market institutions believe that due to the decline in supply constraints, the low level of industry and consumption has stabilized slightly better than last month, but the improvement of the industrial part is concentrated in mining and utilities, and the manufacturing industry is almost flat at a low level. The actual growth rate of consumption after deducting prices is not even as fast as last month. At the same time, the service industry production index under the influence of the epidemic continued to decline, and the real estate sales and new construction indicators that were under pressure in the early stage continued to weaken significantly. A key variable in breaking the current macro dimension remains the further steady growth of policy. (Securities Times)

8. Bureau of Statistics: In October, 13 of China's 70 largest and medium-sized cities saw new commodity residential prices rise month-on-month, compared with 27 cities in September; month-on-month, Sanya led the way with an increase of 0.8%, and The north, Shanghai, Guangzhou, and Shenzhen rose by 0.6%, 0.1%, fell by 0.3%, and fell by 0.2% respectively. (CCTV)

9. 24 U.S. Chambers of Commerce and industry associations jointly sent a letter to high-level trade officials of the US government on the 12th, urging the White House to reduce tariffs on Chinese goods and expand the scope of import tariff exemptions to restore the competitiveness of US enterprises. U.S. Treasury Secretary Janet Yellen said the United States is willing to consider and consider reducing Trump's previous tariffs on China. In an interview with CBS, Yellen said: "As U.S. Trade Representative Dai Qi said, we have once again studied the first phase of the trade deal with China and will indeed consider the reduction of tariffs. (Overseas Network, Observer Network)

10. WTO: The growth rate of global trade in goods has slowed down. On the 15th local time, the WTO released the latest barometer of trade in goods, with a reading of 99.5, close to the benchmark value of 100. This reading is markedly lower compared to the previous period's trade in goods barometer values, indicating that global trade in goods has begun to slow after a strong rebound. The main reason is that the disruption of production and supply in key industries has inhibited trade growth, and import demand has also begun to weaken. (CCTV News Client)

11. U.S. President Joe Biden formally signed the bipartisan infrastructure construction bill on November 15 local time, proposing six priorities for rebuilding U.S. infrastructure, strengthening manufacturing, creating high-paying jobs, developing the economy, and addressing the climate change crisis to provide preliminary guidelines. Biden also spoke publicly at the White House on the same day, emphasizing the importance of the bipartisan infrastructure construction bill to American workers, families and homegrown construction. (CCTV News)

12. [Golden Meeting at 8:00 a.m., China's positive energy]

Some people say that people who read books regularly will appear with a beautiful temperament as soon as they put down the book. Reading is like a good medicine, always able to give you guidance when you are confused, and give you answers when you are confused. Reading books allows people to turn the knowledge in the books into the wisdom of the brain, and then deal with various things with ease. There is no road in the world, and there is no book to read for free. Every minute you spend reading will be rewarded at some point in the future, and every page you've read is silently shaping a better you. May you read more and live with wisdom.

A good day starts with reading!