【Key Focus】
•Social satisfaction with intellectual property protection in mainland China has reached a new high
•Tianjin released an implementation plan to promote large-scale equipment renewal and trade-in of consumer goods
• The yen fell against the dollar to a 34-year low
【Domestic News】
•Shen Changyu, Director of the State Intellectual Property Office, said that the protection of intellectual property rights in mainland China has been continuously strengthened. In 2023, the mainland will investigate and handle 44,000 cases of patent and trademark violations, 68,000 administrative cases of patent infringement disputes, and 4,745 cases of copyright infringement and piracy, and the social satisfaction with intellectual property protection will increase to 82.04 points, a new high.
•According to the "2024 China Hotel Industry Development Report" released on the 24th, by the end of 2023, the number of chain hotels in mainland China will be about 90,600, an increase of 28% from 71,000 in 2022. In terms of the number of chain rooms, the hotel chain rate increased from 38.75% last year to 40.95%, of which the chain rate of mid-range and luxury hotels exceeded 55%.
•On the evening of April 24, ChinaAMC Fund (Hong Kong), Bosera Fund (International), and Harvest International Asset's Bitcoin ETF and Ethereum ETF have been approved by the Hong Kong Securities and Futures Commission (SFC), which indicates that the first batch of spot cryptocurrency ETFs have been officially approved. It is reported that the first batch of cryptocurrency ETFs will be issued on April 29 and listed on the Hong Kong Stock Exchange on April 30.
•On April 24, Tianjin released the "Implementation Plan for Promoting Large-scale Equipment Renewal and Trade-in of Consumer Goods", which proposes that by 2027, the scale of equipment investment in industry, agriculture, construction, transportation, education, cultural tourism, medical care and other fields will increase by more than 25% compared with 2023. The energy efficiency of the main energy-using equipment in key industries has basically reached the energy-saving level. The proportion of production capacity with environmental performance reaching the A-level has been significantly increased. The penetration rate of digital R&D and design tools and the numerical control rate of key processes in industrial enterprises above designated size exceeded 90% and 75% respectively. The recycling volume of end-of-life vehicles has about doubled compared to 2023, the transaction volume of used cars has increased by 45% compared to 2023, and the recycling volume of waste household appliances has increased by 30% compared to 2023. The proportion of recycled materials in the supply of resources has been further increased.
•DCE issued a notice that starting from the trading session on April 26, 2024 (i.e., the night trading session on April 25), non-FF members or clients shall not open more than 500 lots in a single day in iron ore futures I2405 and I2409 contracts, and 2,000 lots in other iron ore futures contracts in a single day.
•China Electricity Council released the analysis and forecast report on the national electricity supply and demand situation in the first quarter of 2024, which showed that in the first quarter, the country's electricity consumption was 2.34 trillion kWh, a year-on-year increase of 9.8%, and the growth rate was basically the same as that in the fourth quarter of last year. The report predicts that under normal weather conditions, the maximum electricity load in 2024 will be about 1.45 billion kilowatts, an increase of 100 million kilowatts over 2023.
【International News】
• On the 24th local time, the yen exchange rate against the US dollar fell below 155 yen per dollar, a new low in 34 years.
•The United Nations Development Programme (UNDP) launched the "2025 Climate Pledge" initiative on the 23rd. UN Secretary-General António Guterres said at the launch event on the same day that the initiative will bring together more participating partners, receive more targeted support, and focus more on linking sustainable development and climate action.
• On April 24, local time, U.S. President Joe Biden said that he had signed a foreign aid bill worth $95 billion. According to a statement released by the White House on the 23rd, after Biden signed this bill, the United States can start sending weapons and equipment to Ukraine this week. It is reported that the bill includes more than $60 billion in aid for Ukraine and $26 billion in aid to Israel. In addition, the bill includes a provision for the liquidation of seized Russian assets and their transfer to Ukraine.
• According to the U.S. Energy Information Administration (EIA), U.S. EIA crude oil inventories fell by 6.368 million barrels last week, compared with an increase of 2.735 million barrels in the previous week.
• U.S. oil service company Baker Hughes said it expects natural gas demand to grow by another 20% by 2040.
【List of domestic and overseas markets】
【Announcement of Listed Companies】
【Economic Data and Dynamics (Beijing Time)】
Editor: Wang Chunxia
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