May 13, 2024
Quick facts
■ Xi Jinping, General Secretary of the CPC Central Committee, President of the People's Republic of China, and Chairman of the Central Military Commission, recently made important instructions on the construction of ideological and political courses in schools, pointing out that since the 18th National Congress of the Communist Party of China, the Party Central Committee has always insisted on putting the construction of ideological and political courses in schools in an important position in educational work, the party's leadership over the construction of ideological and political courses has been comprehensively strengthened, and the socialist direction of running schools at all levels and types of schools has become more distinct. The development environment and overall ecology of ideological and political courses have undergone an overall and fundamental change.
■ Premier Li Qiang of the State Council presided over an executive meeting of the State Council on May 11 to study the work related to effectively reducing the logistics cost of the whole society, reviewed and approved the "Action Plan for the Digital Transformation of the Manufacturing Industry", deployed the full implementation of the three major food crop full cost insurance and planting income insurance policies across the country, and reviewed and approved the "Regulations on Fair Competition Review (Draft)" and the "Decision of the State Council on Amending the Regulations on National Science and Technology Awards (Draft)".
■ On May 11, the State Administration for Market Regulation issued the Interim Provisions on Online Anti-Unfair Competition, which will come into force on September 1, 2024. With the goal of promoting the development of the platform economy, the provisions adhere to the problem-oriented approach, focus on solving the problem of unfair competition in the field of the platform economy, and escort the sustainable and healthy development of the digital economy.
■ According to data released by the National Bureau of Statistics on May 11, the national consumer price index (CPI) rose by 0.3% year-on-year and 0.1% month-on-month in April. The national industrial producer price index (PPI) fell by 2.5% year-on-year, 0.3 percentage points narrower than the previous month and 0.2% month-on-month.
■ At 7:43 a.m. on May 12, the mainland successfully launched the test No. 23 satellite using the Long March-4C carrier rocket at the Jiuquan Satellite Launch Center.
Economics and Finance
■ On May 10, the People's Bank of China, the Ministry of Ecology and Environment, the State Administration of Financial Supervision and the China Securities Regulatory Commission jointly held a symposium on the construction of a beautiful China in green financial services. Pan Gongsheng, Secretary of the Party Committee and Governor of the People's Bank of China, Huang Runqiu, Minister of Ecology and Environment, Fu Wanjun, Deputy Director of the State Administration of Financial Regulation, and Wang Jianjun, Vice Chairman of the China Securities Regulatory Commission, attended and spoke at the meeting. Zhu Hexin, deputy governor of the People's Bank of China, presided over the meeting. 【Details】
■ On May 10, the People's Bank of China released the "Report on China's Monetary Policy Implementation for the First Quarter of 2024". 【Details】
■ On May 11, the People's Bank of China released the "April 2024 Financial Statistics Report", "April 2024 Social Financing Scale Stock Statistics Report" and "April 2024 Social Financing Scale Incremental Statistics Report". 【Details】
■ Recently, under the guidance of the State Administration of Financial Supervision and Administration, the financial consumer protection service platform was put into trial operation. The Financial Times reporter learned that the platform has opened two functions: complaint handling and dispute mediation.
■ On May 11, the State Administration of Financial Supervision and Administration issued a risk reminder for the protection of consumer rights and interests, reminding consumers to express their demands through formal channels and rationally protect their rights in accordance with the law.
■ On May 10, the China Securities Regulatory Commission revised and issued the Provisions on Strengthening the Supervision of Listed Securities Companies. The new regulations will be implemented from the date of promulgation.
■ According to the news released by the China Securities Regulatory Commission on May 11, recently, the media reported that the actual controller of Zhejiang Ruifengda Asset Management Co., Ltd. "ran away", which attracted the attention of all parties. The China Securities Regulatory Commission attaches great importance to it and acts quickly to organize the China Securities Regulatory Bureau, the Asset Management Association and other relevant units to carry out verification. Judging from the current situation, Ruifengda Company is suspected of a number of violations of laws and regulations, and the China Securities Regulatory Commission has decided to file a case for investigation and strictly deal with it in accordance with the law. The China Securities Regulatory Commission (CSRC) has informed the public security organs and others of the situation and strengthened coordination and cooperation.
■ On May 10, the State Administration of Foreign Exchange (SAFE) and the Ministry of Public Security (MPS) jointly held a meeting on the promotion and deployment of the work of cracking down on foreign exchange violations and crimes, summarizing the achievements of the work of cracking down on foreign exchange violations and crimes since 2020, arranging and deploying the key tasks in the next stage, and commending the advanced collectives and individuals in the 2020-2022 crackdown on illegal foreign exchange trading.
■ On May 10, the State Administration of Foreign Exchange (SAFE) released the balance of payments of the mainland for the first quarter of 2024. 【Details】
■ On May 10, the new issue of savings treasury bonds was officially issued, and many bank outlets reappeared in the hot market. According to the official website of the Ministry of Finance, from May 10 to May 19, the Ministry of Finance issued the third and fourth savings treasury bonds (certificate type) in 2024, both of which are fixed-rate and fixed-term varieties, with a maximum total issuance of 30 billion yuan. 【Details】
■ On May 10, Bank of Communications announced that it would terminate the Shuangli Deposit (Ordinary Version/Super Version) business on May 15, 2024. From the date of implementation of the announcement, the Shuangli Deposit Business Agreement signed between the customer and the Bank of Communications will be automatically terminated. At the same time, the Bank of Communications said that after the termination of the agreement, the bank will no longer provide customers with services such as opening Shuangli deposit sub-accounts and depositing funds.
Social hotspots
■ On May 11, the Nanjing Municipal Public Security Bureau issued the Notice on Matters Concerning the Settlement of Legal and Stable Domiciles, which mentioned that the conditions for settlement will be further relaxed, and non-Nanjing household registration persons who have a legal and stable residence in Nanjing and actually reside in Nanjing can directly apply for settlement. On May 12, the General Office of the Shenyang Municipal People's Government issued the "Notice on Printing and Distributing Several Policies and Measures to Further Promote the Settlement of Migrant Population in Shenyang" on its official website. The notice pointed out that the restrictions on the quota, indicators and points of points will be abolished, and the channels for non-local residents to settle in Shenyang will be unblocked. Non-resident residents who rent housing in urban areas of Shenyang can settle down in Shenyang for themselves and their close relatives.
■ On May 11, the Beijing Municipal Commission of Housing and Urban-Rural Development issued a notice on the "2024 Beijing Housing Development Annual Plan". This year, it is planned to build and raise 70,000 units (rooms) of affordable rental housing, and complete 80,000 units (rooms) of various types of affordable housing.
International dynamics
■ According to the Palestinian News Agency on May 11, Israeli forces intensively bombarded several areas of the Gaza Strip that day, killing at least 35 people.
■ According to the United Nations World Food Programme and local officials in Afghanistan on May 11, more than 330 people have been killed in Afghanistan in the past two days due to floods and other disasters caused by heavy rains, CCTV Financial Reports.
■ CCTV Finance quoted the New York Times and other media reports on May 11 that the IRS suspected that former US President Donald Trump may owe more than 100 million US dollars (about 720 million yuan) in taxes after a long-term investigation into the huge losses of Trump Tower.
Editor: Liu Nengjing E-mail: [email protected]
Please indicate the source for reprinting