May 17, 2024
Quick facts
■ On May 16, President Xi Jinping held talks with Russian President Vladimir Putin, who is on a state visit to China, at the Great Hall of the People in Beijing. The two heads of state jointly signed and issued the Joint Statement of the People's Republic of China and the Russian Federation on Deepening the Comprehensive Strategic Partnership of Coordination in the New Era on the Occasion of the 75th Anniversary of the Establishment of Diplomatic Relations between the Two Countries.
■ On May 16, President Xi Jinping sent a congratulatory letter to King Hamad of Bahrain, Rotating Chairman of the Council of the League of Arab States, congratulating the convening of the 33rd meeting of the Council of the League of Arab States in Manama.
■ On the afternoon of May 16, Premier Li Qiang met with Russian President Vladimir Putin, who is on a state visit to China, at the Great Hall of the People in Beijing.
■ Foreign Ministry Spokesperson Wang Wenbin announced on May 16 that at the invitation of Deputy Prime Minister and Foreign Minister of Kazakhstan Nurtreu and Foreign Minister of Tajikistan Muhriddin, Wang Yi, member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs, will attend the meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organization (SCO) and pay official visits to Kazakhstan and Tajikistan from May 18 to 21.
■ According to the website of the Information Office of the State Council on May 16, the Information Office of the State Council will hold a regular briefing on the policies of the State Council at 4 p.m. on May 17, 2024 (Friday), at which the responsible persons of the Ministry of Housing and Urban-Rural Development and the Ministry of Natural Resources, the People's Bank of China, and the State Administration of Financial Supervision and Administration will introduce the relevant policies for effectively ensuring the delivery of housing.
■ On May 15, the Ministry of Industry and Information Technology and other five departments jointly issued a notice on carrying out new energy vehicles to the countryside in 2024 to further promote support policies such as car trade-in and county-level charging and battery swapping facilities to make up for shortcomings.
Economics and Finance
■ On May 16, the People's Bank of China held the 2024 Science and Technology Work Conference. The meeting summarized the scientific and technological work in 2023, analyzed the current situation, and deployed the key work in 2024. Zhang Qingsong, member of the party committee and vice governor of the People's Bank of China, attended and spoke at the meeting. 【Details】
■ On May 15, the China Securities Regulatory Commission (CSRC) announced the recently released "Work Plan on Improving the Diversified Resolution Mechanism for Securities and Futures Disputes and Deepening the Governance of Litigation Sources". 【Details】
■ On May 15, the Guangdong Supervision Bureau of the State Administration of Financial Supervision disclosed the approval of the qualifications of Fu Anping Zhujiang Life Insurance Co., Ltd.
■ On May 16, the Lishui Supervision Branch of the State Administration of Financial Supervision and Administration issued an administrative penalty information disclosure form. According to the penalty information, Bank of Communications Co., Ltd. Lishui Bank was fined 300,000 yuan for failing to conduct a pre-loan investigation.
■ On May 16, the reporter learned from the Supreme People's Procuratorate that the case of Zhang Hongli, former member of the Party Committee and vice president of the Industrial and Commercial Bank of China, who was suspected of accepting bribes, was investigated by the State Supervision Commission and transferred to the procuratorate for review and prosecution. A few days ago, after the Supreme People's Procuratorate designated jurisdiction, the Zhejiang Provincial People's Procuratorate made a decision to arrest Zhang Hongli on suspicion of accepting bribes in accordance with the law.
■ On May 16, the website of the Central Commission for Discipline Inspection and the State Supervision Commission announced that Lou Wenlong, former member of the Party Committee and vice president of the Agricultural Bank of China, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the State Supervision Commission.
■ On May 15, according to the Internet Finance Association of China, the association, together with the China Banking Association, the China Association of Communications Enterprises, and the Internet Society of China, jointly developed the national standard of "Guidelines for Post-loan Collection and Risk Control of Internet Finance Personal Online Consumer Credit". At present, the standard has been reviewed by the National Financial Standardization Technical Committee.
■ On May 15, the official website of Hainan Expressway Co., Ltd. issued the "Announcement on the Investment Progress of Participating in the Establishment of Hainan Rural Commercial Bank Co., Ltd." Hainan Rural Commercial Bank, which was just officially unveiled on May 8, some shareholders "surfaced". 【Details】
■ On May 15, Zhongyi Property Insurance Co., Ltd. (hereinafter referred to as "Zhongyi Property Insurance") announced that according to the "Reply of the Beijing Supervision Bureau of the State Financial Supervision and Administration on the Change of Shareholders of Zhongyi Property Insurance Co., Ltd.", it was agreed that China Petroleum Group Capital Co., Ltd. would transfer 51% of the company's equity to Generali Insurance Co., Ltd. After the transfer, Generali Insurance Co., Ltd. will hold 100% of the shares, and PetroChina Capital will no longer hold the equity of Zhongyi Property Insurance.
Social hotspots
■ On May 16, the topic of "12306 charges a handling fee when changing train tickets" rushed to the hot search. According to the 12306 APP, the platform has clear regulations on the rules for the collection of change fees, and adopts a tiered fee rule. 12306 customer service said that the change rules were mainly at the request of the majority of passengers. "Because the previous change rules were that you can't change the date of the ride later, but now you can change the date later, which is the biggest change, but the change fee will be charged."
■ On May 15, Hefei optimized the real estate policy, which proposed that if there is a legal property right house in Hefei, I and my spouse, children and parents can apply to settle down, and I can apply after completing the online signature for the purchase of a new house. The Hefei New Deal also proposes to support "selling the old and buying the new", encouraging state-owned enterprises such as co-housing leasing companies to purchase second-hand housing (resettlement housing) for market-oriented rental housing and rental housing.
■ On May 15, the Shenzhen Provident Fund Center announced that the center can provide free inter-bank "mortgage transfer" fund supervision services for second-hand housing, so that the buyer and seller of commercial housing can complete the transfer without "foreclosure" in advance to pay off the loan in the case of a loan between the buyer and the seller of the commercial house, and the buyer's loan bank will directly issue a new loan to repay the seller's original loan.
International dynamics
■ Reference news quoted AFP on May 16 reported that Lebanese Allah fired more than 60 rockets at Israeli positions on the 16th in retaliation for Israeli air strikes launched by Israeli forces in eastern Lebanon at night.
■ German Chancellor Olaf Scholz warned against the backdrop of discussions on punitive tariffs on Chinese products against the backdrop of discussions on punitive tariffs on Chinese products.
■ Japan's real gross domestic product (GDP) fell by 0.5% quarter-on-quarter in the first quarter of this year, or 2.0% on an annualized basis, according to preliminary statistics released by the Cabinet Office on May 16, showing negative growth again after turning positive in the fourth quarter of last year.
Editor: Liu Nengjing E-mail: [email protected]
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