Today's financial news
- In the first quarter, the Beijing Stock Exchange issued 1,122 billion yuan of service treasury bonds
- A subsidy of 7,000 to 10,000 yuan can be enjoyed for car trade-in
- The Customs Law will come into force on December 1, 2024
- In the first quarter, the mainland produced 85.959 tonnes of raw gold
- In March, the mainland's balance of payments trade in goods and services was 4,043 billion yuan
- During the year, the number of companies delisted at par value increased significantly
- The report card of economic operation in the first quarter of 29 provinces was released
- Nanchang "May Day" indiscriminate price increase maximum fine of 3 million
- Meta's market capitalization has evaporated by nearly $190 billion
- ByteDance said it had no plans to sell TikTok
- The yen continues to depreciate! Japanese expert: Japan's economic uncertainty has increased
1. In the first quarter, the Beijing Stock Exchange issued 1,122 billion yuan of service treasury bonds
According to data from the Beijing Stock Exchange, in the first quarter of 2024, the Beijing Stock Exchange issued 1,122 billion yuan of service bonds and 66.794 billion yuan of local government bonds. Among them, 449 billion yuan of service bonds and 16.8 billion yuan of local government bonds were issued in March. In terms of stock trading, in the first quarter, 46.678 billion shares were traded on the Beijing Stock Exchange, with a turnover of 566.017 billion yuan. Among them, 11.886 billion shares were traded in March, with a turnover of 142.584 billion yuan.
2. The car can be exchanged for a subsidy of 7,000 to 10,000 yuan
Recently, the Ministry of Commerce, the Ministry of Finance and other 7 departments jointly issued the "Implementation Rules for Automobile Trade-in Subsidy", which clarified the scope and standards of subsidies. From the date of issuance of the Detailed Rules to December 31, 2024, individual consumers who scrap fuel passenger vehicles with emission standards of China III and below or new energy passenger vehicles registered before April 30, 2018, and purchase new passenger cars that meet the energy-saving requirements can enjoy a one-time fixed subsidy. Among them, a subsidy of 10,000 yuan will be given to those who scrap the above two types of old passenger cars and purchase eligible new energy passenger vehicles, and a subsidy of 7,000 yuan will be given to those who scrap fuel passenger cars with emission standards of China III and below and purchase fuel passenger cars with a displacement of 2.0 liters or less.
3The Customs Law will come into force on December 1, 2024
The Ninth Session of the Standing Committee of the 14th National People's Congress voted to pass the Customs Law on 26 April, which will come into force on 1 December this year. As a special tariff law enacted by the mainland, the Customs Law maintains the basic stability of the current tariff and taxation system and the overall level of tax burden, which is of great significance for promoting high-level opening up and creating a market-oriented, law-based, and international business environment.
4. In the first quarter, the mainland's raw gold output was 85.959 tons
According to data released by the China Gold Association on the 26th, in the first quarter of 2024, the domestic raw gold output in mainland China will be 85.959 tons, a year-on-year increase of 1.16%. Against the backdrop of strong gold prices, gold mining enterprises have strengthened their willingness to carry out geological exploration and infrastructure technological transformation, and gold production has maintained growth, with gold consumption reaching 308.905 tons, a year-on-year increase of 5.94%.
In 53 months, the import and export scale of the mainland's balance of payments trade in goods and services was 4,043 billion yuan
In March 2024, the mainland's balance of payments trade in goods and services was 4,043 billion yuan, up 3% year-on-year. Among them, the export of goods was 1,855.6 billion yuan, the import was 1,605.3 billion yuan, and the surplus was 250.4 billion yuan, and the export of service trade was 214.4 billion yuan, the import was 367.7 billion yuan, and the deficit was 153.3 billion yuan.
The number of companies delisted at par value has increased significantly within 6 years
According to incomplete statistics, as of April 25, there were 14 companies that were delisted and locked in delisting during the year, of which 8 have been delisted, 1 has received a decision to terminate listing, 2 have announced that they have touched the par value delisting index, and 3 have locked the par value delisting in advance. From the perspective of touching the delisting index, 13 touched the par value delisting index, far exceeding the same period last year.
The report card of economic operation of 729 provinces in the first quarter was released
Economic data for the first quarter of 2024 have been released one after another. According to incomplete statistics, up to now, 29 provinces (autonomous regions and municipalities directly under the central government) have released their economic "report cards" for the first quarter, of which 16 provinces have outperformed the national average (5.2%) in GDP growth. Specifically, Jilin's GDP growth rate reached 6.5%, temporarily leading the country, followed by Jiangsu and Chongqing with 6.2%. There are also five provinces with a growth rate of more than 6%, including Shandong, Zhejiang, Sichuan, Hubei and Beijing.
8. Nanchang "May Day" indiscriminate price hike, with a maximum fine of 3 million
In order to further standardize the price order of the festival market and work together to create a safe consumption environment, Nanchang issued a reminder and warning to the city's operators and relevant units. The warning reminds that business operators who violate the regulations on clearly marked prices can be fined up to 5,000 yuan; those who do not implement the government's guidance and government pricing can be fined up to 2 million yuan; those who commit price fraud can be fined up to 500,000 yuan; and those who promote excessively fast and excessively high prices of goods and services shall be fined not less than 500,000 yuan but not more than 3 million yuan if the circumstances are more serious.
9Meta's market capitalization has evaporated by nearly $190 billion
American technology giant Meta released its financial report for the first quarter of fiscal year 2024 after market hours on the 24th local time, which showed that net profit in the first quarter increased by 117% year-on-year. Meta forecasts that its second-quarter revenue may be lower than market expectations, while Meta has raised its spending forecast for this year to support its investments in new AI products and necessary computing infrastructure. After the forecast was released, Meta's stock price fell by more than 18% in after-hours trading, and its market value evaporated by nearly $190 billion.
10 ByteDance said it had no plans to sell TikTok
On the evening of April 25, ByteDance officially posted on today's headline platform: The news of foreign media about ByteDance's exploration of selling TikTok is untrue, and ByteDance does not have any plans to sell TikTok. Prior to that, The Information reported that ByteDance was exploring options to sell a majority stake in TikTok's U.S. business, preferably to companies outside the tech industry and not including an algorithm that recommended videos to TikTok users.
11 The yen continues to depreciate!Japanese expert: Japan's economic uncertainty has increased
On April 26, local time, the Bank of Japan concluded its two-day monetary policy meeting and decided to continue to maintain short-term interest rates in the range of 0 to 0.1%. With the announcement of the results of the meeting, the yen depreciated further. In the Tokyo foreign exchange market, the yen fell to 156 yen against the dollar at one point to 1 dollar. Japanese experts believe that the rapid depreciation of the yen will bring more uncertainty to the Japanese economy, and the increase in the interest rate differential between the yen and the dollar is the main reason for the depreciation of the yen.