Must-read news today

Thursday, February 10, 2022

1. The central bank responds to the registration of personal deposits and withdrawals of cash exceeding 50,000 yuan

A few days ago, the Central Bank and other three departments jointly issued the "Measures for the Management of Customer Due Diligence and Customer Identity Information and Transaction Records preservation of financial institutions", which stipulates that commercial banks and other financial institutions that handle a single cash deposit and withdrawal business of more than 50,000 yuan or a foreign currency equivalent of more than 10,000 US dollars for natural person customers shall identify and verify the identity of the customer, understand and register the source or use of funds. In this regard, the central bank said that the implementation of the regulation by financial institutions will not affect the normal cash deposit and withdrawal business of residents, and the convenience of business will not be affected.

2. National Development and Reform Commission: By 2025, the comprehensive service facilities of urban and rural communities will be fully covered

Yesterday, Ou Xiaoli, director of the Department of Social Development of the National Development and Reform Commission, introduced that in the "14th Five-Year Plan" period, the construction of community service facilities will be regarded as a people's livelihood fact full of temperature, placed in a prominent position in the transformation of old urban communities, and included in the important content of the urbanization construction of counties. Strive to achieve full coverage of comprehensive service facilities in urban and rural communities by 2025, and the coverage rate of comprehensive service facilities in rural communities will reach more than 80%.

3. Ministry of Finance: In 2021, the country will issue 7,489.8 billion yuan of local bonds, with an average interest rate of 3.36%

The Ministry of Finance released data yesterday: from January to December 2021, the country issued 4,370.9 billion yuan of new bonds, and the country issued 3,118.9 billion yuan of refinancing bonds. The total number of local government bonds issued nationwide is 7,489.8 billion yuan, of which 2,566.9 billion yuan are general bonds and 4,922.9 billion yuan are special bonds. The average interest rate of local government bonds issued is 3.36%, of which 3.26% are general bonds and 3.41% are special bonds.

4. The National Development and Reform Commission and the Energy Bureau held a meeting to deploy coal supply and price stability

Yesterday, the WeChat public account of the National Development and Reform Commission said that the Reform Commission and the Energy Bureau jointly held a meeting to arrange for the deployment of continuous stability of coal market prices, and interviewed and reminded some enterprises with inflated coal prices found by monitoring, requiring them to pay close attention to verification and rectification.

5. The local two sessions have been held one after another, and the digital economy has become a "hot word" in the government work report of many places.

The two local governments have recently been held one after another, and the digital economy has become a "hot word" in the government work reports of many places. Many places are accelerating the deployment of new infrastructure construction, and Beijing, Sichuan, Zhejiang, Jiangsu and other places are actively deploying and striving to create a new highland for the innovative development of the national digital economy.

6. Chinese Academy of Sciences: It is predicted that the economic growth rate this year will be about 5.5%.

Recently, the Journal of the Chinese Academy of Sciences predicted that China's economic development and social life will basically return to normal in 2022, and the annual economic growth rate will be about 5.5%. The article also suggests that further boosting consumption will be the focus of the implementation of the policy in 2022, and a variety of measures will be taken to expand domestic demand. Vigorously promote the development of the digital economy and the process of industrial digitalization, and reduce the cost of export enterprises.

7. Shenzhen Municipal Development and Reform Commission: Issued the "14th Five-Year Plan for the Development of Shenzhen Service Industry"

Yesterday, the Shenzhen Municipal Development and Reform Commission issued the "14th Five-Year Plan for the Development of Shenzhen's Service Industry", which proposes that by 2025, the added value of the service industry will exceed 2.5 trillion yuan, and the added value of the modern service industry will account for 77% of the added value of the service industry. By 2025, the expenditure on research and experimental development (R&D) of service enterprises above designated size will reach 20 billion yuan.

8. The list of new targets in MSCI China was released, and 10 Chinese stocks were newly included

MSCI announced the results of its quarterly audit changes. In this adjustment, the MSCI China Index includes 10 new Chinese stocks, excluding 4. The top three companies by market capitalization added to the MSCI Emerging Markets Index are Gree Electric Appliances, Trina Solar and Three Gorges Energy. The MSCI China A-share onshore index added 4 constituents, including trillion giant China Mobile. The adjustments are effective after the close of business on February 28, 2022.

9. The "Blue Book of China's Aerospace Science and Technology Activities" was released, and this year's continental space launches will exceed 50 times

Yesterday, the China Aerospace Science and Technology Corporation released the Blue Book of China's Aerospace Science and Technology Activities (2021). The "Blue Book" shows that the number of space launches on the mainland this year will exceed 50 again, and the first flight of new carrier rockets such as the Long March 6A and Jielong 3 will be completed. In addition, manned spaceflight will complete the construction of the Chinese space station through 6 missions, including the launch of two Tianzhou cargo spacecraft, two Shenzhou manned spacecraft, and the Qingtian Experimental Module and the Dreamland Experimental Module.

10. The new crown epidemic in Hong Kong continues to worsen The number of new cases in a single day exceeded 1,000 for the first time

Yesterday, the Department of Health of the Hong Kong SAR Government and the Hong Kong Hospital Authority held a briefing on the latest situation of COVID-19 in Hong Kong. Zhang Zhujun, director of the Infectious Diseases Division of the Center for Health Protection of the Department of Health, said that as of 00:00 on the 9th, there were 1,161 new positive cases of the new coronavirus in Hong Kong, which was the first time that the number of new cases in Hong Kong in a single day since the epidemic exceeded 1,000.