Financial Morning News | 2023.7.5
Macro Highlights:
Five departments: further expand the scope of energy-saving and carbon-reduction transformation and upgrading in key industrial areas
According to the website of the National Development and Reform Commission on July 4, the National Development and Reform Commission and other five departments issued a notice on the "Energy Efficiency Benchmarking Level and Benchmark Level in Key Industrial Areas (2023 Edition)". The notice proposes that on the basis of the previous 25 key areas of energy efficiency benchmarking and benchmark levels, 11 fields such as ethylene glycol, polyvinyl chloride, radial tires, and industrial silicon will be added to further expand the scope of energy-saving and carbon-reduction transformation and upgrading in key industrial areas. (NDRC website)
India finally made a move, what are the variables of the yuan?
According to sources, a number of Indian refineries have begun to use yuan to buy crude oil imports from Russia. Earlier, India and Russia once collapsed on the settlement issue. Yesterday morning, the renminbi also turned upwards, briefly rising above the 7.24 mark. So, will the depreciation of the renminbi be reversed? In fact, there is another big variable for the yuan, and according to reports, a statement released by the US Treasury Department showed that US Treasury Secretary Yellen had a "frank and productive" conversation with Chinese Ambassador to the United States Xie Feng before visiting China. (Brokerage China)
Plate Highlights:
The "Shenzhen Interim Measures for the Administration of Data Property Rights Registration" came into force on July 1
According to the Shenzhen Municipal Development and Reform Commission, recently, the Shenzhen Development and Reform Commission issued a notice on the issuance of the "Shenzhen Interim Measures for the Administration of Data Property Rights Registration", which will come into force on July 1, 2023 and will be valid for three years. (CaiLian News)
· The Global Digital Economy Conference opened in Beijing
The 2023 Global Digital Economy Conference opened in Beijing. At the opening ceremony, Beijing invited representatives from 18 partner cities around the world, including Abu Dhabi, United Arab Emirates, to jointly release the Global Digital Economy Partner City Cooperation Initiative, proposing to promote global city exchanges and cooperation, share an open and mutually beneficial market environment, jointly build a digital technology innovation ecosystem, accelerate the process of urban digital transformation, help digital empower green development, and support global digital inclusive cooperation. (Securities Times)
Wall Street Journal: Meta and Tencent are making progress on VR headset collaboration
According to the Wall Street Journal on July 4, a person familiar with the matter revealed that Meta intends to restart its business in China by promoting the sale of its headset in China, and the company has held discussions with several Chinese technology companies and made progress with Tencent. (Wall Street Journal)
Passenger Association: Wholesale sales of new energy passenger vehicle manufacturers expected to be 740,000 units in June, up 10% month-on-month
The comprehensive estimate of the passenger vehicle manufacturers' wholesale sales in June will be 740,000 units, an increase of 10% month-on-month and 30% year-on-year. (Passenger Association)
The National Health Insurance Administration solicited public comments on the Rules for Negotiating Drug Renewal and the Rules for Non-exclusive Drug Bidding
According to the website of the National Health Insurance Administration, according to the "Interim Measures for the Administration of Drugs for Basic Medical Insurance" and other relevant documents, combined with the focus of the management of the national basic medical insurance, work-related injury insurance and maternity insurance drug catalogue in 2023, the "Rules for Negotiating Drug Renewal (2023 Draft for Comments)" and "Non-exclusive Drug Bidding Rules (Draft for Comments)" have been researched and drafted, and are now open to the public for comments. (Securities Times)
In the first half of the year, the sales list of real estate enterprises was released: more than 100 billion 7, and the performance contribution of first-tier cities continued to grow
The "China Index Research Institute" WeChat account recently released the sales performance ranking of Chinese real estate enterprises in the first half of 2023. The list data shows that in the first half of 2023, the number of enterprises in the camp of more than 100 billion has decreased. Specifically, there are 7 camps with more than 100 billion, down 2 from the same period last year. (Middle Finger Research Institute)
Overseas News:
The World Meteorological Organization officially announced the return of El Niño and is expected to break the extreme heat record of 2016
The United Nations World Meteorological Organization (WMO) issued an announcement on Tuesday confirming that after seven years, El Niño, which is expected to push the global temperature to a new record high, has returned to Earth. According to the latest WMO projections, there is a 90% chance that an El Niño event will last in the second half of 2023, and the event will be at least of moderate intensity. It was also the first time in seven years that El Niño conditions had developed in the tropical Pacific, setting the stage for a possible spike in global temperatures and disruptive weather and climate patterns. (CaiLian News)
U.S. stocks are closed, and real estate stocks are supporting the rebound in European stocks
U.S. stocks were closed on Tuesday for the Independence Day holiday. European stocks traded lightly, pan-European stock indexes rebounded led by real estate stocks, but domestic stock indexes in major eurozone economies such as Germany fell in unison, reflecting the increasing risk of economic slowdown in June PMI and other European and American economic data, while European and American central banks also continued to release interest rate hike signals, and uncertainty about the outlook weighed on market sentiment. (Wall Street News)
Global Markets:
Source: Choice, date: July 5, 2023
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