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Bay TALK 8 a.m.: 3.17 · Your Bay Area News Morning Bus

author:b. TALK

March 17 [Bay TALK] 8:00 a.m. information early bus, closer to you every day.

Bay TALK 8 a.m.: 3.17 · Your Bay Area News Morning Bus

Whole Country

1. The real estate tax pilot does not expand, and the real estate sector rebounds by more than 3%

On March 16, the Financial Stability and Development Committee of the State Council held a special meeting to emphasize that relevant departments should earnestly assume their responsibilities, actively introduce policies that are beneficial to the market, and prudently introduce contractionary policies. In terms of real estate enterprises, the meeting pointed out that it is necessary to study and propose a strong and effective risk prevention and resolution plan in a timely manner, and put forward supporting measures for the transformation to a new development model.

As soon as the news came out, the three major A-share indexes rose by more than 3%, and the real estate sector rebounded by more than 3%. After the A-share market closed, the central bank, the securities regulatory commission, the Banking and Insurance Regulatory Commission and the foreign exchange bureau also spoke out against the real estate industry.

That evening, according to Xinhua News Agency, a relevant responsible person of the Ministry of Finance recently said in an interview with a Xinhua reporter that after comprehensively considering the situation in all aspects, the conditions for expanding the pilot cities of real estate tax reform are not available this year.

Industry confidence will be further repaired

It is worth noting that in addition to clarifying that "housing is not speculation", the CBRC has also actively promoted the transformation of the development mode of the real estate industry, encouraged institutions to carry out M&A loans in a sound and orderly manner, and focused on supporting high-quality housing enterprises to merge and acquire high-quality projects of difficult housing enterprises, so as to promote the virtuous circle and healthy development of the real estate industry.

Ding Zuyu, CEO of E-House Enterprise Group, told the reporter that after a series of policy adjustments, the real estate industry as a whole has stabilized. At present, whether it is the demand side or the supply side is still in the wait-and-see stage, with the policy warm wind blowing frequently, coupled with the development rhythm of listed real estate enterprises from "fast" to "stable", industry confidence and investor confidence will be further repaired and improved.

"M&A loans are not included in measures such as the 'three red lines', and the essence is to grant credit to high-quality housing enterprises, so that high-quality housing enterprises can resolve debt risks through the merger and acquisition of thunderstorm housing enterprise projects." Zhang Bo, president of the branch of the 58 Housing Research Institute, told reporters that from such statements, it can be seen that the Banking and Insurance Regulatory Commission will have two lines of work in the future. In the long run, it is necessary to encourage housing enterprises and industries to take a new development model. In the short term, it is necessary to strengthen the M&A loan business and accelerate the liquidation of non-performing assets. This has a positive effect on the healthy development of the short-term and medium- and long-term real estate industry.

In fact, as early as Last December, the central bank and the Banking and Insurance Regulatory Commission jointly issued relevant documents to encourage banks to carry out real estate project M&A loan business in a sound and orderly manner, and for mergers and acquisitions of insurance and difficult real estate enterprises, project M&A loans are temporarily excluded from the management of real estate loan concentration.

"This time, we will re-emphasize M&A loans and propose 'focus on supporting high-quality housing enterprises', which will be obviously beneficial to housing enterprises with a background of large state-owned enterprises and central enterprises, and will also accelerate the scale and speed of mergers and acquisitions between housing enterprises." This emphasis on M&A financing is equivalent to 'adding firewood' to the competitive market, which will accelerate the concentration of the industry, and is also conducive to the survival of the fittest in the industry. ”

Zhang Bo said that in general, M&A financing will not increase the burden on high-quality housing enterprises, M&A loans are not included in the real estate loan concentration management policy, and for high-quality large-scale housing enterprises, the loan is easily available. At the same time, it should also be noted that the implementation of lower financing interest rates and longer loan terms for such loans is more likely to reduce the pressure on financiers and is conducive to risk control of financial institutions.

Continue to resolve systemic risks in the property market

Today, the CSRC issued a clear document to actively cooperate with relevant departments to effectively resolve the risks of real estate enterprises. It can be seen that more supportive policies are expected to be formed in the follow-up in terms of bond issuance, debt disposal, and encouraging institutional investors to hold shares.

The Ministry of Finance has made it clear that the pilot reform of real estate tax is carried out in accordance with the authorization of the Standing Committee of the National People's Congress, and some cities have carried out investigations and preliminary studies, but taking into account the situation in all aspects, the conditions for expanding the pilot cities of real estate tax reform are not available this year.

Similar statements show that the pace of some reforms can be appropriately slowed down, and the time is not ripe. Similar to the slowdown of the real estate tax reform, it integrates the current situation in all aspects, which is undoubtedly a big positive for the real estate market. ”

Zhang Bo told reporters that the purpose of the reform pilot of real estate tax is that, on the one hand, it will effectively regulate the economy and adjust the role of income distribution by giving full play to the role of tax revenue as the main channel for raising fiscal revenue; on the other hand, the real estate tax itself is also an important part of the long-term mechanism of real estate regulation and control, which will have a profound impact on the overall stable and healthy development of the real estate market.

In addition, SAFE has also made it clear that it will cooperate with relevant departments to promote the healthy and stable development of the real estate market.

"Such statements will have a positive impact on the US dollar debt of housing enterprises and the overseas business of housing enterprises." Zhang Bo said that from the recent performance of real estate development enterprises, it is not uncommon for high debt caused by excessive pursuit of scale in the past. Accelerating the concentration of the industry to the head through mergers and acquisitions loans is not only conducive to the clearance of industry production capacity, but also conducive to the risk control of real estate, greatly reducing the project failure caused by the liquidity problems of some housing enterprises, and is also more conducive to the smooth operation of the real estate market.

Yihan think tank pointed out that first of all, on the supply side, the government is expected to vigorously guarantee delivery and solve the worries of home buyers. On the demand side, the government will adhere to the principles of "implementing policies according to the city" and "housing and not speculation", controlling the first line, pulling the second line, and stabilizing the third and fourth lines.

Specifically, the first is that the financing environment for housing enterprises will be more friendly, such as the problem of excessive implementation of the three red lines mentioned by Zou Lan of the central bank in 2021; second, it is expected that the supervision of pre-sale funds for national commercial housing will further usher in marginal relaxation, before the supervision of pre-sale funds by local governments due to the city's policies, there are problems such as excessive capital lock-in ratio and one-size-fits-all supervision in some places, such phenomena are expected to be gradually corrected in the future, alleviating the pressure on the capital turnover of housing enterprises and reducing the risk of default of individual bonds.

Yihan Think Tank expects that there may be further encouraging policies in the field of mergers and acquisitions (similar M&A loans are no longer counted in the "three red lines" policy), which will promote the merger and acquisition of high-quality projects of high-quality housing enterprises and help resolve tail risks.

In February, the sales price of first-line commodity residential buildings rose month-on-month in Shenzhen rose by 0.5%

According to data released by the National Bureau of Statistics of Xinhua News Agency on the 16th, in February, among the 70 large and medium-sized cities, the sales prices of newly built commercial residential buildings and second-hand residential buildings in first-tier cities rose month-on-month, and second- and third-tier cities were flat or declined month-on-month; the sales prices of commodity residential buildings in first- and second-tier cities fell or flat year-on-year, and third-tier cities fell year-on-year.

Rope Guoqing, chief statistician of the Urban Department of the National Bureau of Statistics, said that in February, the sales price of newly built commodity residential buildings in first-tier cities rose by 0.5% month-on-month, and the increase rate fell by 0.1 percentage points from the previous month, of which Beijing, Shanghai, Guangzhou and Shenzhen rose by 0.6%, 0.5%, 0.6% and 0.4% respectively; second-hand residential buildings in first-tier cities rose by 0.5% month-on-month, an increase of 0.4 percentage points over the previous month, of which Beijing, Shanghai and Guangzhou rose by 0.7%, 0.9% and 0.6% respectively, and Shenzhen fell by 0.2%.

Statistics show that the sales price of newly built commodity residential buildings in second-tier cities has turned flat from 0.1% last month; second-hand residential buildings have fallen by 0.3% month-on-month, and the decline rate has expanded by 0.1 percentage points over the previous month. The sales price of newly built commodity residential buildings in third-tier cities fell by 0.3% month-on-month, a decline of 0.1 percentage points from the previous month; second-hand residential buildings fell by 0.4% month-on-month, the same decline as the previous month.

Rope Guoqing said that in February, the sales price of newly built commodity residential buildings in first-tier cities rose by 4.4% year-on-year, the same as last month; second-hand residential buildings rose by 3.5% year-on-year, an increase of 0.6 percentage points lower than last month.

3. More than 10 cities have been listed for the first batch of centralized land supply this year

Recently, dongguan's first batch of centralized land supply was officially listed, with a total of 8 land parcels sold, with a total starting price of 17.083 billion yuan, and will be transferred by centralized bidding on April 19-20. It is worth mentioning that this is also the first time that Dongguan has implemented the "two concentrations" for land supply. Judging from the first batch of centralized land transfer rules in Dongguan, three changes have attracted the attention of the industry: one is the cancellation of the restriction price after the completion of the soil auction, the second is a sharp reduction in the bidding deposit, and the third is the partial cancellation of the allocation requirements.

According to the reporter's incomplete statistics, as of March 14, in addition to Beijing, which has taken the lead in completing the first batch of centralized land supply from February 16 to 17, more than 10 cities, including Shanghai, Xiamen, Chongqing, Chengdu, Xiamen, Qingdao, Hefei, Dongguan, Fuzhou, Changsha, Suzhou, etc., have successively announced the first batch of centralized land supply this year.

4. The first batch of centralized land supply in Fuzhou in 2022: 14.9% premium and 4.2 billion stream auctions

The first round of centralized land supply in Fuzhou in 2022 was generally moderate, ending with the sale of 12 plots of land and the collection of 6.63 billion yuan.

On the morning of March 16, Fuzhou held the first round of centralized land supply on-site auction in 2022, covering Jin'an, Cangshan, Gulou and other urban areas, with a total volume of 787.93 mu and a total starting price of 16.435 billion yuan.

The original plan of this land auction was to transfer 17 parcels, of which 15 parcels included residential uses, and the other 2 were commercial services and park green land.

At the site of the soil auction, the three plots no. 2022-01, 05 and 10 in the above parcels were cancelled due to the optimization of the transfer plan, and the transfer parcels were adjusted from 17 to 14.

It is worth noting that Xiamen C&D became the biggest winner of this soil auction, and nearly 3 billion yuan won 2 plots. Including taking the lead in bidding for the cangshan Jinshan old transformation project plot with 2.734 billion yuan, and then beating Poly and Excellence (Fuqing) with 235 million + lottery and a premium rate of 14.63%, etc. to win the Entrance and Exit 3 of Jin'an Metro Xiushan Station.

In addition, Poly set the highest premium for the land auction with a premium rate of 14.91%, which is located on the south side of Jin'an Anpu Road, with a transaction price of 60.9 million yuan and a transfer area of 8934 square meters, requiring the construction of self-sustaining social rental housing.

Overall, 2 plots of land reached the top of the lottery, 2 premium transactions, 8 reserve price transactions. In addition, two plots of land in Cangshan Sheng old factory building and Xiajing New Town with a total starting price of about 4.2 billion yuan were auctioned.

5. 14 plots of land in Xuzhou, Jiangsu Province, were traded for 5.458 billion yuan

On March 16, Xuzhou City, Jiangsu Province, sold 14 plots of land, all of which were successfully traded, with a total transaction price of about 5.458 billion yuan.

Judging from the transaction results, Xuzhou Xincheng District State-owned Assets Management Co., Ltd. became the biggest winner, winning 5 plots in succession, with a total transaction price of about 2.682 billion yuan. Among them, the plot numbered 2021-89 located in the Taihang Road area was sold at a reserve price of 1.503 billion yuan, which was the highest total price among the 14 plots.

In addition, Xuzhou Xinsheng Yunrui Real Estate Co., Ltd. won plot No. 2021-64 at a reserve price of about 955 million yuan. The plot is located in the west of Changshan West Road, the east of CuipingShan West Road and the south of Minfu Road, with a land area of about 49,700 square meters.

6. Taihe Group: The chairman of the board of directors can participate in the decision-making of enterprise operation in an appropriate manner in the near future

Taihe Group issued an open letter saying that Chairman and General Manager Huang Qisen was assisting relevant authorities in the investigation. At present, the company's various business activities are normal, and the company has also learned that the chairman of the board of directors can participate in the decision-making of enterprise operations in an appropriate manner in the near future.

Greater Bay Area Series

Real Estate

1, the deep house speculation false advertising was fined 2 million! Shenzhen announced 16 cases of false advertising in 2021

Recently, the Shenzhen Municipal Market Supervision and Administration Bureau announced the first batch of typical cases of false and illegal advertising in 2021, and among the 16 cases announced, the false advertising of speculation in Shenzhen Fangli was fined 2 million yuan, which was the highest case of fine.

It is reported that Shenfangli Information Technology (Shenzhen) Co., Ltd. was unable to provide evidence to confirm the authenticity of the advertising content due to the case of buying a house such as "setting a goal and making ten million yuan first", and its behavior violated the provisions of Article 4 and Article 28, Paragraph 1 of the Advertising Law, seriously violated the fundamental policy of the Party Central Committee that "houses are used to live, not used to speculate", and repeatedly triggered negative public opinion nationwide, causing extremely serious social impact. In accordance with the first paragraph of Article 55 of the Advertising Law of the People's Republic of China, the Shenzhen Municipal Market Inspection Bureau issued an administrative penalty in May 2021, ordering the parties to immediately stop publishing illegal advertisements and imposing a fine of 2 million yuan.

"Shenfangli" was originally Sina Weibo "Big V", with millions of fans under his name, and Weibo information showed that his real name was Li Xuefeng, who said he was a real estate expert in his introduction.

As early as April last year, seven departments, including the Shenzhen Municipal Bureau of Housing and Urban-Rural Development, issued a notice on the investigation and handling of reported matters involving deep housing management. According to the circular, Shenfangli was reported to reflect the suspected illegal acts, including: Shenfangli instigated the speculators to deceive the qualifications to buy a house by cheating, concealing the real situation or providing false certification materials; Shenfangli raised funds from unspecified targets for the purchase of houses and promised to return the proceeds in the name of joint venture shareholding, crowdfunding, etc.; the suspected illegal fundraising behavior; Shenfangli provided "one-stop" services to instigate borrowers to defraud credit funds for illegal use in the purchase of houses; Shenfangli through its public account, Chat groups publishing false and untrue information.

In August last year, the investigation and handling of the "Shenzhen Fangli" case made progress in stages. Public information shows that after preliminary investigation, "Shenfangli" is suspected of crowdfunding and holding on behalf of real estate, illegally arbitrage credit funds into the real estate market, false advertising, concealment of income and evasion of taxes, forgery of official documents of state organs, illegal fund-raising, and many other violations of laws and regulations. In addition, some intermediaries are suspected of facilitating the illegal speculation of "deep house management", the relevant responsible units and personnel have been initiated accountability and punishment in accordance with laws and regulations, 2 criminal suspects have been arrested, and 3 criminal suspects have been criminally detained.

In addition, the Shenzhen Banking and Insurance Regulatory Bureau organized banks to carry out comprehensive investigation and supervision and verification, and has found that the relevant personnel of the "Shenzhen Housing Theory" are suspected of forging official documents of state organs, providing false information to arbitrage loans, and circumventing the monitoring of capital flow monitoring and other behaviors that disrupt the order of the financial market by means of multiple transfers, consolidation to zero, withdrawal, etc., involving different categories of housing mortgage loans, operating loans and consumer loans, with a total amount of 1.064 billion yuan in problem loans, of which 380 million yuan involved operating loans. At that time, the Shenzhen Municipal Bureau of Housing and Construction introduced that 119 people in the "Shenzhen Housing Management" case had been identified to participate in real estate holding or crowdfunding, and according to the regulations, the above-mentioned personnel were suspended from purchasing commercial housing, renting and purchasing public housing and provident fund loans in Shenzhen within 3 years.

Some insiders said that Shenzhen's financial industry and self-media are extremely developed, and similar "big V" and advance companies and financial companies are not in the minority, which may be the focus of future supervision.

2. Layout of 8 major projects in Bao'an, China Merchants Shenzhen "old blueprint" exposure!

According to incomplete statistics, there are 8 projects of China Merchants in Bao'an, such as Fuyong Yiku, China Merchants Zhenfu, China Merchants YongheFu, Haigu Science and Technology Building (urban renewal unit of Emmett Industrial Zone), and Bao'an Dawangshan Project, some of which have been completed and sold out or sold, and some are still in the early stage.

China Merchants Shekou has set up 13 renewal projects (plan announcement) in Shenzhen, and 10 approved planning projects, including seven and eight urban renewal units of Xinghua Industrial Building, urban renewal unit of Value Factory No. 8 Bay Road, urban renewal unit of Phase II Yanshan Road in Shekou Industrial Zone, etc.

3. Longhua Commerce and Trade 14th Five-Year Plan Announcement Shenzhen North Railway Station will set up duty-free shops? Red Mountain creates a new landmark!

Recently, the Bureau of Industry and Information Technology of Longhua District announced the "14th Five-Year Plan for the Development of The Commercial, Commercial and Financial Industry in Longhua District, Shenzhen" (hereinafter referred to as the plan).

The plan is divided into 7 chapters and 35 pages, and the planning and deployment is carried out from many aspects such as the development of commerce and trade, the development of knowledge-intensive service industries, the development of financial industries, and the promotion of high-quality development of trade.

The plan proposes that by 2025, the total retail sales of social consumer goods in Longhua District will reach 160 billion yuan, the operating income of information transmission, software and information technology service industries above designated size will reach 30 billion yuan, the added value of the financial industry will reach 25 billion yuan, the total import and export volume of goods trade will be stable at more than 400 billion yuan, and the total import and export volume of service trade included in statistics will exceed 500 million US dollars.

The plan proposes that the spatial layout of the commercial and trade industry, knowledge-intensive service industry and financial industry in the next 5 years:

With Metro Line 4 as the axis, it connects three characteristic business districts and major commercial nodes to build a commercial development pattern of "one belt, three circles and multiple nodes". "One Belt" refers to the commercial consumption vitality belt of Metro Line 4, "Three Circles" refers to the North Railway Station Business Circle, Hongshan Commercial Circle and Longhua Commercial Circle, and "Multi-node" refers to the night economy demonstration point and the core park of e-commerce.

Guided by the overall urban planning, Shenzhen North Railway Station will give full play to the advantages of Shenzhen North Railway Station as the core transportation hub of the central axis of Shenzhen and Hong Kong, gather various knowledge-intensive service industry resources, and form a development pattern of "one core and two areas" during the "14th Five-Year Plan" period. "One core" refers to the knowledge-intensive service development core of the North Railway Station, and "two areas" refers to the two knowledge-intensive service development clusters of Jiulongshan Digital City and Luhu Central City.

Give full play to the location advantages of Shenzhen North Railway Station to radiate the Guangdong-Hong Kong-Macao Greater Bay Area, focus on the integration and development of industry and finance, focus on attracting financial increments, strengthen the dislocation and complementarity and coordinated development with the existing financial functional zones in Shenzhen, and strive to build the North Railway Station International Business District into a new financial growth pole in Shenzhen.

In addition, the plan proposes:

Actively strive to set up duty-free shops in Shenzhen North Railway Station, and make every effort to build the North Railway Station business district into a functional aggregation quality consumption center integrating commercial retail, accommodation, catering, leisure and entertainment.

Support the linkage between Hongshan 6979 and Shenzhen Art Museum (New Library) and Shenzhen Second Library to create a new landmark of trend culture.

Accelerate the improvement of the old third industrial zone (coastal city) in Longhua District, unite with the center of one city, and create a comprehensive commercial functional area integrating shopping, catering, leisure, culture, entertainment, business, and hotels.

Science and technology

Bay TALK 8 a.m.: 3.17 · Your Bay Area News Morning Bus

1. Huawei released the first smart door lock series equipped with HarmonyOS

On the evening of March 16, Huawei released the first AI 3D face recognition smart door lock equipped with HarmonyOS, which can be linked with Huawei's "1+8+N" product, and the product will open for reservation from 21:00 tonight and officially go on sale in late April.

Finance

Bay TALK 8 a.m.: 3.17 · Your Bay Area News Morning Bus

1. The Guangdong Securities Regulatory Bureau will organize the self-inspection of private equity institutions in 2022

The Guangdong Securities Regulatory Bureau will verify the self-examination and self-correction work carried out by private equity institutions in the jurisdiction in conjunction with special inspections, lead verification, return visit inspections and other on-site inspection work, and will seriously deal with private equity institutions that have not carried out self-examination as required, have not carried out in-depth self-examination, are not in place for rectification, and have violations of laws and regulations, harming the legitimate rights and interests of investors, etc. in accordance with laws and regulations.

Industry

Bay TALK 8 a.m.: 3.17 · Your Bay Area News Morning Bus

1. Shenzhen will build the core engine of the biomedical industry in the Guangdong-Hong Kong-Macao Greater Bay Area

On March 3, the Information Office of the Shenzhen Municipal Government held a press conference, and it is reported that the Pingshan Park of Shenzhen National High-tech Zone will rely on the Pingshan National Bio-industry Base to build the Pingshan Biomedical Technology Industry City and build the core engine of the biomedical industry in the Guangdong-Hong Kong-Macao Greater Bay Area.

A few days ago, Shenzhen Issued the "Opinions of the Shenzhen Municipal People's Government on Supporting the Construction of a World-Class High-tech Industrial Park in Pingshan Park of Shenzhen National High-tech Zone". Shenzhen will support Pingshan Park and other qualified areas to jointly build the Guangdong-Hong Kong-Macao Greater Bay Area Life and Health Innovation Pilot Zone, and build a biomedical regional collaborative consortium.

"This is the third support opinion issued by the Shenzhen Municipal Government since last year' Guangming Science City and the Shenzhen Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone." Zeng Jianpeng, deputy director of the Shenzhen Municipal Development and Reform Commission, said.

It is understood that the Pingshan Park of Shenzhen National High-tech Zone will carry out a pilot reform of the drug and medical device review and approval system, and support the State Drug Administration's Drug Review and Inspection Greater Bay Area Branch Center, medical device technology review and inspection Greater Bay Area Branch Center, and Guangdong Provincial Drug Administration Review and Certification Center to set up review and certification branches in the park.

Industrial public technical service platforms such as high-end long-acting pharmaceutical preparation research and development platform, generic drug consistency evaluation platform, and traditional Chinese medicine testing and research technology platform will be built and used in Pingshan Park of Shenzhen National High-tech Zone.

Pingshan Comprehensive Free Trade Zone will vigorously develop "bonded +" new formats such as "biomedical bonded research and development".

In Pingshan District, Shenzhen, more than 600 biomedical enterprises have gathered.

"The Shenzhen Academy of Medical Sciences with a new mechanism is about to be listed, and the first phase of clinical hospitals and biomedical professional parks that benchmark ICH standards are being accelerated, which will attract high-end talents from global clinical research and new drug research and development in the future, and create an international-oriented biomedical innovation research and development and industrialization highland." Tao Yongxin, secretary of the Pingshan District CPC Committee, said.

Shenzhen National High-tech Zone was established in 1996. Qiu Xuan, deputy director of the Shenzhen Municipal Science and Technology Innovation Commission, said that after the expansion of the Shenzhen National High-tech Zone, about 25.5% of the city's GDP was created with 8% of the city's land area.

Cultural tourism

Bay TALK 8 a.m.: 3.17 · Your Bay Area News Morning Bus

1. The second B737-800 aircraft of Greater Bay Area Airlines arrived and has been transferred to Hong Kong for registration

On 16 March, Interface News learned from GBA that GBA had announced that its second aircraft arriving in Hong Kong earlier had completed all relevant procedures and had successfully converted the aircraft to Hong Kong registration (registration number B-KJB) on 15 March.

2. Due to the needs of epidemic prevention and control, some passenger trains in Guangdong Province have been reduced

Guangzhou Railway Group reported on the 16th that in order to implement the requirements of epidemic prevention and control and reduce the flow and gathering of people, Guangzhou Railway Group reduced the passenger trains in some epidemic-related areas, and comprehensively strengthened the prevention and control of the epidemic at stations and trains. According to the Passenger Transport Department of Guangzhou Railway Group, under the premise of ensuring the basic travel needs of passengers in all major directions, Guangzhou Railway Group has reduced the number of high-speed railways in Nanguang, Guiguang, Xiamen-Shenzhen, Ganshen and Beijing-Guangzhou-Shenzhen, Beijing-Guangzhou, Beijing-Kowloon Speed and Guangzhou-Shenzhen Intercity Trains. In addition, the Sui-Shenzhen and Wanhui intercity railways were also arranged to be suspended until March 20 and March 31 respectively, and the follow-up will be based on the progress of epidemic prevention and control, and passenger transport business will be resumed in a timely manner. Passengers who apply for the refund of valid tickets for each train purchased before 0:00 on March 15 will not be charged a refund fee on the 12306 website and other channels.

Economy

Bay TALK 8 a.m.: 3.17 · Your Bay Area News Morning Bus

1. Hong Kong Monetary Authority raises benchmark interest rate to 0.75%

On 17 March, the Hong Kong Monetary Authority raised the benchmark interest rate to 0.75%.

City

Bay TALK 8 a.m.: 3.17 · Your Bay Area News Morning Bus

1. The Legislative Council of Hong Kong has passed a provisional allocation of more than HK$270 billion in relation to the fight against the epidemic and consumption vouchers

The Legislative Council of the HKSAR passed a provisional appropriation resolution involving more than HK$270 billion on the 16th for use by the HKSAR Government during the period from the beginning of the new financial year to the implementation of the Appropriations Ordinance 2022. The funds included funding for the Anti-epidemic Fund, support for the Hospital Authority and distribution of consumption vouchers to the public.

2. There were 29,272 new confirmed cases of COVID-19 in Hong Kong

According to Xinhua News Agency, the Center for Health Protection of the Department of Health of the Hong Kong SAR Government announced on the 16th that as of 00:00 on the same day, there were 29,272 new confirmed cases of new coronary pneumonia in Hong Kong, of which 14,454 cases were confirmed by nucleic acid testing. On 15 March, the 14,818 reported cases were reported on the covid-19 rapid antigen test result. According to the Hong Kong Hospital Authority, 217 confirmed patients have passed away in public hospitals in the past 24 hours.

3. Dongguan added 7 new locally confirmed cases and 27 asymptomatic infected people

At 0-20:00 on March 16, Dongguan City added 7 new locally confirmed cases (4 cases in Songshan Lake Park, 1 case each in Dalang Town, Shipai Town and Hengli Town) and 27 cases of local asymptomatic infection (9 cases in Songshan Lake Park, 9 cases in Dalang Town, 5 cases in Changping Town, 2 cases in Hengli Town, and 2 cases in Shipai Town), all of which have been sent to the designated treatment hospital for isolation and treatment. Among the above-mentioned personnel, 18 cases were found in centralized isolation, 12 cases were found in close screening, and 4 cases were found in regional screening, and environmental nucleic acid sampling and terminal disinfection had been carried out in the activity sites.

4. There were 3 new confirmed cases of new coronary pneumonia in Guangzhou

On March 16, guangzhou added 3 new confirmed cases of new crown pneumonia (mild), and has now been transferred to the Eighth Affiliated Hospital of Guangzhou Medical University for isolation and treatment.

5. Shenzhen Futian District delineates a number of sealing and control areas, control areas and prevention areas

Sealing area: 1. Jingfu Building Jinghui Pavilion. 2. The 15th building of Merlin Village. 3. Building 22 of Yitian Village, Fubao Street. 4. Fubao Street Zhongfu New Village Building 2 Unit 2. 5. Futian Street Development Xingyuan No. 1 Haitang Pavilion (2 floors and above). 6. Shatou Street Xinzhou North Village No. 132, 133, 138, 139, 140, 141, Xinzhou Central Village 71st, 72nd, 73rd, 74th. 7. No. 27, No. 28 and Annex, No. 33, No. 34, No. 35, No. 35 South, No. 35 North, No. 47, No. 47-1, No. 48, No. 49, No. 50, No. 47-1, No. 48, No. 49, No. 50, No. 77-1, No. 48, No. 49, No. 50, No. 7, No. 77, No. 35, No. 35, No. 35, No. 35, No. 35, No. 35, No. 35, No. 35, No. 35, No. 35, No. 35, No. 35, No. 35, No. 35

Control area: 1. Jinghua Pavilion and Jingrong Pavilion of Jingfu Building. 2. Buildings 5-14 of Merlin Village. 3. Building 15-21 of Yitian Village, Fubao Street. 4. Fubao Street Zhongfu New Village Building 2 Unit 1. 5. Futian Street Development Xingyuan No. 1 Rhododendron Pavilion. 6. Xinshi Village, Lianhua Street (except for the sealing and control area). 7. Shazui Village 1st, 2nd, 3rd and 4th (except for the sealing and control area). 8. Mingquan Residence (except for the sealing and control area). 9. Fuhua New Village (except for the sealed control area). 10. Yuanling Street Sungang West Road - Hongling Middle Road - Yuanling 8th Street - Yuanling East Road - Yuanling 5th Street - Yuanling Middle Road enclosed area (except for the sealing and control area). 11. Building A, Fu Rui Ge, Xinzhou 4th Street. 12. Xiangmihu Street Qiao Xiang Village Building 1 A, Building 1 Block C, Building 2, Building 3, Building 4, Building 5 Block A, Building 5 Block B, Building 7, Building 8, Building 9 Block B, Building 10, Building 11, Building 13 Building A, Block 13 Block B and Shenzhen Experimental Kindergarten Qiao Xiang Department. 13. Jingtian North 1st Street - Jingtian East Road - Jingtian East 1st Street - Fujing Road (South Extension) enclosed area. 14. Building B, Fu Rui Ge, Xinzhou 4th Street.

Prevention zone: 1. A village community in Meilin (except for the sealing and control area and the control area). 2. Fu'an community (except for the sealing and control area and the control area). 3. Jinghua Community. 4. Sungang West Road, Yuanling Street - Hongling Middle Road - Hongli Road - Shangbu Middle Road enclosed area (except for sealing and control areas and control areas). 5. Xiangmihu Street Qiao Xiang Village 15th Building, 16th Building, 1st Podium Building. 6. Meifu Community (except for the sealing and control areas and control areas).

END

Bay TALK 8 a.m.: 3.17 · Your Bay Area News Morning Bus