The amount of special debt approved in advance in 2022 has been issued
Xu Hongcai, vice minister of finance, said on Thursday that considering the pressure of stable growth in the first quarter of next year, the Ministry of Finance has recently issued a new special debt limit of 1.46 trillion yuan in 2022 to all localities in advance. At the policy briefing held by the State Council Information Office, he said that the advance issuance did not involve "one size fits all" in the allocation of quotas, but fully considered the needs of project funds and construction conditions in various localities.
The issuance of new special bonds this year has been basically completed
According to data from the Ministry of Finance, in 2021, the amount of new local government special bonds approved by the National People's Congress is 3.65 trillion yuan. As of December 15, 3.42 trillion yuan of new special bonds were issued, accounting for 97% of the quota that has been issued, and the issuance work for the whole year has been basically completed. Meng Wei, a spokesman for the National Development and Reform Commission, said on Thursday that a large proportion of this year's special bonds will be issued in the second half of the year, and a considerable part of them will be used in the first quarter of next year, which can form a superposition effect with the special bonds issued and used next year, and will provide strong support for expanding effective investment next year.
North China dealers said that the news of Wuliangye's price increase was true
At present, the Wuliangye dealer conference is approaching, and The China Securities News quoted a dealer in North China as saying in a report on Thursday that the news of Wuliangye's price increase is true. Although it is not certain whether it will be "officially announced" at the dealer conference, the price increase is certain.
The Foreign Ministry responded to the U.S. sanctions on four Chinese companies over fentanyl
At the Foreign Ministry's regular press conference on Thursday, a reporter asked a question that the United States yesterday imposed sanctions on four Chinese companies and one individual on the grounds of cracking down on drug abuse addiction such as fentanyl. In response, Foreign Ministry spokesman Wang Wenbin responded that the Chinese Government has always adhered to a zero-tolerance attitude towards the drug problem and strictly controlled all kinds of narcotic drugs, psychotropic substances and their chemical precursors. China firmly opposes the erroneous acts of the US side. This erroneous practice of "getting sick but letting others take medicine" is not constructive and will only interfere with Sino-US drug law enforcement cooperation.
The Ministry of Commerce said that problems such as chip supply shortages are difficult to fundamentally alleviate in the short term
Shu Jueting, spokesperson of the Ministry of Commerce, said at a press conference on Thursday that since the beginning of this year, in the face of the impact of the new crown pneumonia epidemic, China's foreign trade has still shown strong resilience, achieved rapid growth, and is stable and improving. At the same time, the current development of foreign trade is still facing many uncertain, unstable and unbalanced factors, the global epidemic situation is repeated, the international situation is complex, shipping is not smooth, chip supply shortage and other problems are difficult to fundamentally alleviate in the short term, the comprehensive cost of enterprises remains high, and foreign trade operations are facing greater pressure.
For the first time, Hainan has compiled a financial industry plan
According to the Shanghai Securities News, the Hainan Provincial Information Office held a press conference on Thursday on the "14th Five-Year Development Plan for the Financial Industry in Hainan Province", and Guan Yi, a member of the party group and deputy director of the Hainan Provincial Local Financial Supervision and Administration Bureau, said that this is the first time that Hainan has prepared a financial industry plan. According to the plan, by the end of the "14th Five-Year Plan" (2025), the added value of Hainan's financial industry will reach 100 billion yuan, accounting for 10% of the province's GDP; the balance of local and foreign currency deposits of financial institutions will reach 2,000 billion yuan, the balance of local and foreign currency loans will reach 1,800 billion yuan, and the scale of social financing will reach 200 billion yuan; the number of listed companies in the province will reach 50.
Ding Shuang: The credit conditions in the real estate industry will gradually improve
The tightening of the credit environment is one of the key factors in the cold housing market. Ding Shuang, chief economist of Standard Chartered Bank Greater China and North Asia, wrote at the Chief Economist Forum that it is expected that the credit conditions in the real estate industry will gradually improve in the next few quarters, and the improvement of financing conditions in the real estate market will also help alleviate the drag on economic growth caused by the cooling of the property market. He also said that from the first quarter of 2022, land transaction volume and residential sales activities will pick up. Still, there is a need to focus on downside risks to the housing market: if home buyers generally expect house prices to fall, demand for home purchases will continue to weaken, leading to a structural decline in residential sales.
Pang Min: To promote the stable development of small and medium-sized enterprises, we must "give more and take less"
Pang Min, chief economist of Huaxing Securities (Hong Kong), pointed out in an article on Caixin that in order to better help market entities, especially small and medium-sized and micro enterprises, to relieve difficulties and promote the stable and healthy development of small and medium-sized enterprises, it is necessary to continue to persist in making efforts in the two aspects of giving more and taking less, pay attention to the use of reform and innovative methods, help enterprises to bail out and stimulate vitality at the same time, and help the small and medium-sized micro and medium-sized enterprises and individual industrial and commercial households that have been most directly affected and have a wide range of aspects to tide over the difficulties. At the same time, he said that the most crucial thing is that we must realize that for small and medium-sized enterprises to bail out the disaster, fundamentally speaking, we must rely on the stability and development of market players, we must provide accurate services through classified guidance, accurate service, from the system, mechanism, legal system and other aspects of the enterprise to create a good operating environment for enterprises, pay more attention to structural adjustment, enhance the vitality of enterprises and economic development itself.
Electricity consumption of the whole society increased by 3.1% year-on-year in November
The National Energy Administration released data on Thursday that in November, China's economy continued to recover steadily, and the electricity consumption of the whole society continued to grow, reaching 671.8 billion kWh, an increase of 3.1% year-on-year, an increase of 13.6% over the same period in 2019, and an average growth of 6.6% in two years.
China's game sales revenue increased by 6.4% this year
According to the news released by the Securities Times Network, the Game Working Committee of the China Music and Digital Association recently released the "2021 China Game Industry Report", in 2021, the actual sales revenue of China's game market was 296.513 billion yuan, an increase of 17.826 billion yuan over 2020, an increase of 6.4% year-on-year.
The Shanghai index rose 0.75 percent as the renminbi closed down 27 points against the dollar
The stock market closed, the Shanghai Composite Index reported 3675.02 points, up 0.75%; the Shenzhen Component Index reported 15112.81 points, up 0.58%; the ChiNext Index reported 3490.45 points, up 0.74%. On the surface, the coal, industrial mother machine, and steel sectors rose in the front, while the tourism, automobile, and real estate development sectors fell in the front. In the foreign exchange market, the onshore yuan closed at 6.3679 against the US dollar at 16:30, down 27 basis points from the previous session, and the midpoint of the yuan against the US dollar was 6.3716, down 41 basis points from the previous session.