【Current Affairs】
Four arrows! The property market is coming
China property market data map. Figure/IC
On May 17, the central bank issued three blockbuster new real estate policies in a row, involving a down payment reduction as low as 15%, the cancellation of the lower limit of commercial loan interest rates, and a reduction in the interest rate of provident fund loans. At the same time, the State Council issued a heavy statement to purchase some commercial housing at a reasonable price as appropriate. (Beijing News) special >>>
The policy combination punch is coming! Fight the tough battle of ensuring the delivery of housing, and take action from multiple departments
The Ministry of Housing and Urban-Rural Development said that it will issue supporting policy documents related to the delivery of housing, including promoting the digestion of the stock of commercial housing and properly disposing of the revitalization of the stock of land. The central bank plans to set up a 300 billion yuan re-loan for affordable housing to support local state-owned enterprises to purchase completed and unsold commercial housing at a reasonable price; The Ministry of Natural Resources (MNR) is preparing to issue a policy that explicitly supports local governments in reclaiming idle land that companies are unable to continue developing at reasonable prices, or acquiring land that has been auctioned off in judicial and bankruptcy auctions. Read the full >>>
In April, the operation of the national economy continued to pick up and improve
On May 17, the State Council Information Office held a press conference on the operation of the national economy in April 2024. Liu Aihua, spokesman of the National Bureau of Statistics, chief economist and director of the Department of Comprehensive Statistics of the National Economy, said that on the whole, the national economy ran smoothly in April, although the growth rate of some indicators slowed down, but the main indicators such as industry, exports, employment, and prices improved overall, and the new momentum maintained rapid growth, the national economy continued to pick up and improve, and the positive factors accumulated. Read the full >>>
Ministry of National Defense: We are telling the Philippine side to stop all acts of infringement and provocation
Photo/Ministry of Defense website
According to reports, a suspected model of the Liaoning ship appeared on the sand table of the US-Philippine joint exercise, and a drill was also organized to sink a Chinese-made ship. Zhang Xiaogang, spokesman for the Ministry of National Defense, responded that this move is a typical Ah Q spiritual victory method. The Chinese armed forces have always been untroubled and fearless, and if some people want to pull the banner of the tiger and form gangs to coerce and pressure the Chinese side, it is a complete miscalculation. We are urging the Philippine side not to act rashly and stop all acts of infringement and provocation. Read the full >>>
Ministry of National Defense: The Fujian ship will carry out follow-up tests as planned
Zhang Xiaogang, spokesman for the Ministry of National Defense, said that recently, the Fujian, the mainland's third aircraft carrier, successfully completed its first navigation test, and conducted a series of tests on power, power and other system equipment, achieving the expected results, and the next step will be to carry out follow-up tests according to the established plan. The Fujian's navigation test is a normal arrangement during the construction process and is not aimed at any specific target, region or country. Read the full >>>
Accused of accepting bribes of more than 67.43 million yuan, Jiao Xiaoping, former deputy commander of the Xinjiang Production and Construction Corps, was put on trial
Photo/CCTV News
On May 17, 2024, the Chongqing Municipal No. 5 Intermediate People's Court held a public hearing of the first instance of the bribery case of Jiao Xiaoping, former member of the Standing Committee of the Party Committee and deputy commander of the Xinjiang Production and Construction Corps. The prosecution accused him of illegally accepting property from others, totaling more than 67.43 million yuan, of which more than 54.91 million yuan was not actually obtained. Read the full >>>
What new changes will be brought about by the promulgation of the Regulations on Ecological Protection and Compensation? The National Development and Reform Commission replied to the Beijing News
The "Regulations on Ecological Protection Compensation" was recently promulgated and will be implemented from June 1. On May 17, the State Council Information Office held a regular briefing on the policies of the State Council. Wang Xintong, head of the Regional Revitalization Department of the National Development and Reform Commission, said in response to a question from a reporter from the Beijing News that in recent years, the mainland government has increased its support for ecological protection subjects and key ecological protection areas through various means, and the scale of compensation funds has increased year by year. The promulgation of the "Regulations" further clarifies the investment responsibilities of the central and local governments from the legislative level, and proposes ways to guide the participation of social entities. Read the full >>>
【Local】
The Beijing Economic and Technological Development Zone will pilot the operation of shared motorcycles, with plans to put 6,000 motorcycles
Recently, the Beijing Economic and Technological Development Zone issued the "Announcement on the Pilot Operation of Internet Rental Electric Bicycles". According to the announcement, in order to study and demonstrate the necessity and feasibility of developing Internet rental electric bicycles, and use social resources to provide safe and convenient travel services for citizens, from May 30, 2024, a pilot project of shared motorcycles will be carried out within the administrative area of Beijing Economic and Technological Development Zone. According to the traffic situation, travel demand and infrastructure construction in the pilot area, the existing shared bicycles in the pilot area will be replaced by shared motorcycles in a certain proportion, and 6,000 shared motorcycles are planned to be launched in stages. Read the full >>>
The new policy of provident fund loans for old communities has been full month, benefiting more than 3,500 communities
On May 17, the Beijing Housing Provident Fund Management Center issued the "Notice on Optimizing the Approval Standards for Housing Provident Fund Loan Terms after the Renovation of Old Communities", and the Beijing News reporter learned from the center that since the implementation of the new policy on April 17 to May 15, Beijing has accepted 243 housing loans in old communities, amounting to 186 million yuan, accounting for about 10% of the number of second-hand housing loans. At the same time, after further combing by the Municipal Commission of Housing and Urban-Rural Development, the new policy has benefited the community, which has expanded from more than 800 old communities and more than 400,000 suites to more than 3,500 old communities and more than 800,000 houses. Read the full >>>
[Society]
Pregnant female teacher was dismissed for "either promotion or leaving"? Huaqiao University: No notice of dismissal was issued
On May 17, the official blog of Huaqiao University released a statement: Recently, there was a discussion on the Internet about the dismissal of a pregnant female teacher in our school for "either promotion or leaving". The school attaches great importance to this and has set up a special working group to investigate. After investigation, the online teacher is a full-time teacher who joined our school in 2021, and her first appointment will expire at the end of August this year. Up to now, the Personnel Department has not received the teacher's assessment materials, nor has it issued a notice of dismissal. Read the full >>>
The second-instance verdict of the case of the elderly 3 million real estate gift fruit stall owner was pronounced The court rejected the appeal request of the relatives of the elderly
According to the official WeChat news of the Shanghai Second Intermediate People's Court, Ma, an 88-year-old man who lived alone, donated 3 million real estate to a fruit stall owner near his home before his death. After the death of the old man, a dispute arose between the fruit stall owner Liu and the relatives of the old man over the validity of the "Bequest and Maintenance Agreement", which then led to a lawsuit. On May 17, the Shanghai No. 2 Intermediate People's Court made a second-instance judgment on the case.
After trial, the Shanghai No. 2 Intermediate People's Court held that the "Bequest and Maintenance Agreement" reflected the true intentions of Ma and Liu, and the content did not violate the provisions of the law, nor did it affect the rights and obligations of others, and was legally binding. During the period of living with Ma, Liu fulfilled his daily care and spiritual support, and handled the funeral affairs for Ma after his death, and fulfilled the obligations stipulated in the "Bequest and Maintenance Agreement". In summary, the Shanghai No. 2 Intermediate People's Court rejected the appeal request of Ma's relatives and upheld the original judgment. Read the full >>>
The man revealed that the "ghost scale" of a seafood market merchant in Lianyungang was surrounded and robbed of mobile phones, and many parties responded
On May 17, a blogger reported in a seafood market in Lianyungang that merchants were besieged and grabbed mobile phones with "ghost scales", which attracted attention. On the 17th, the blogger told the reporter about the process of discovering that the merchant involved used a "ghost scale". The blogger also said that he sought help from the market organizer at the time of the incident, but was robbed of his mobile phone by the market staff. The staff of the market organizer involved said that the scales used by the merchants involved had been confiscated, and the organizers were strictly investigating the scales used by the merchants in the market. On the 17th, Lianyungang Haizhou District officially announced that the market organizer has dismissed the staff who snatched the mobile phone. The city supervision department and the police have opened a case for investigation into the illegal acts involved in this incident. (Beijing News) video >>>
【Finance】
On May 17, ultra-long-term special treasury bonds were issued Banks: Mainly for institutional investors
On May 17, the first issuance of ultra-long-term special treasury bonds was issued. Shell financial reporters learned from a number of banks that ultra-long-term special treasury bonds are currently mainly for institutional investors. A staff member of a state-owned bank told reporters that sales to individual customers are still being studied. Read the full >>>
The Ministry of Finance plans to issue 2024 ultra-long-term special treasury bonds (phase II) (20-year)
The Ministry of Finance intends to issue 2024 ultra-long-term special treasury bonds (phase II) (20-year). The total face value of the competitive bidding of the current treasury bonds is 40 billion yuan, and no additional bidding will be carried out by Class A members. The coupon rate of the current treasury bond will be determined through competitive bidding, which will be held from 10:35 a.m. to 11:35 a.m. on May 24, 2024. Interest will be accrued on the current treasury bonds from May 25, 2024, and interest will be paid semi-annually, with interest payments on May 25 and November 25 of each year, and the principal will be repaid and the last interest will be paid on May 25, 2044. Read the full >>>
Only 6 of the 70 cities have seen the price of new houses rise month-on-month, and second-hand houses continue to "exchange price for volume"
On May 17, the National Bureau of Statistics released housing price data for 70 cities in April. Among them, the month-on-month increase in Shanghai's new home price index once again ranked first in the country, and the month-on-month increase in new house prices in six cities including Tianjin and Xi'an. In this regard, Wang Zhonghua, chief statistician of the Urban Department of the National Bureau of Statistics, explained that in April 2024, the real estate market continued to adjust, and among the 70 large and medium-sized cities, the sales prices of commercial housing in all tiers of cities decreased month-on-month and year-on-year. Read the full >>>
The four major operators jointly launched the commercial promotion of 5G cross-network roaming in China
On May 17, at the 2024 World Telecommunication and Information Society Day Conference held in Ningbo, Zhejiang, China Telecom, China Mobile, China Unicom, and China Radio and Television jointly announced the launch of 5G cross-network roaming commercial promotion, so that remote areas can enjoy 5G "without being left behind". (Xinhua News Agency) Read the full >>>
Ping An Bank was heavily fined more than 67 million yuan
On May 17, the administrative penalty information disclosure form disclosed by the State Administration of Financial Supervision and Administration showed that Ping An Bank was confiscated and fined a total of 67.2398 million yuan for five major violations of laws and regulations. Among them, the head office is 60.7398 million yuan, and the branch is 6.5 million yuan. (State Administration of Financial Supervision and Administration) Read the full >>>
【Style】
The 2024 Chengdu ITTF Mixed Team World Cup will be held from December 1 to 8
The ITTF announced today that the 2024 Chengdu ITTF Mixed Team World Cup (Chengdu Mixed Team World Cup) will be held in Chengdu, China, from December 1 to 8. As one of the major events of this year's ITTF, the Chengdu Mixed Team World Cup will be held in a combination of men's and women's singles, doubles and mixed doubles to end the season. Read the full >>>
【International】
Malaysia simplifies entry measures for Chinese nationals
Recently, the Malaysian government authorities have implemented the latest regulations to simplify the entry measures for Chinese citizens. From 2 May 2024 to 1 December 2024, Chinese nationals entering Malaysia without a visa are required to hold the following documents: 1. A complete and undamaged Chinese passport valid for more than 6 months; 2. Malaysia Electronic Arrival Card (MDAC, please refer to the attached instructions for specific requirements) online within 3 days before entering Malaysia, and print the paper version of the MDAC confirmation letter; 3. Return Ticket. The above measures have been implemented at all border crossings in Malaysia. Read the full >>>
Ukrainian President Volodymyr Zelensky signed a bill on the mobilization of criminals
Ukrainian media reported on the 17th local time that Ukrainian President Volodymyr Zelensky signed the criminal mobilization bill on the same day. On May 8, local time, the Verkhovna Rada (parliament) of Ukraine passed the law on the mobilization of criminals with 279 votes in favor. According to the report, the bill will introduce conditional early release for prisoners who are directly involved in defending the country's independence and territorial integrity. Read the full >>>
Edited by Wei Mian Wei Yue Proofread by Liu Jun