Highlights
Fiscal data for the first four months are out: spending is expanding
On May 20, the Ministry of Finance announced the fiscal revenue and expenditure for April 2024. In the first four months of this year, the national general public budget revenue was 8,092.6 billion yuan, down 2.7 percent year-on-year, a slight increase from the first quarter (-2.3 percent). From January to April, the national general public budget expenditure was 8,948.3 billion yuan, a year-on-year increase of 3.5 percent. Among them, social security, employment, education and other livelihood expenditures have maintained steady growth to ensure basic people's livelihood.
Ministry of Housing and Urban-Rural Development: Adjust the interest rate of personal housing loans of the housing provident fund in a timely manner
According to the website of the Ministry of Housing and Urban-Rural Development, the General Office of the Ministry of Housing and Urban-Rural Development recently issued a notice on the reduction of the interest rate of personal housing loans of the Housing Provident Fund. The notice requires that the interest rate of personal housing loans of the housing provident fund be adjusted in a timely manner, and the policy of individual housing loans of the stock housing provident fund should be well connected.
National Health Insurance Administration: Expand the scope of the alliance and form a national alliance for centralized procurement
On May 20, according to the website of the National Health Insurance Administration, the National Health Insurance Administration recently issued the "Notice of the Office of the National Health Security Administration on Strengthening Regional Coordination and Improving the Quality and Expansion of Pharmaceutical Centralized Procurement in 2024". The "Notice" proposes to continue to vigorously promote the centralized procurement of pharmaceuticals, strengthen regional coordination, improve the scale and standardization of alliance procurement, clarify industry expectations, and continue to consolidate the results of reform.
The new phase of Macao's Talent Introduction Program will accept applications from 21 July
The Talent Development Committee of the Macao SAR Government announced on 20 May 2024 that the Macao SAR Government has launched a new phase of the Talent Introduction Program, which will accept applications from May 21 to November 20, 2024, with a total of nine programs for three types of talents, including: the High-end Talent Program, as well as four excellent talent programs and four senior professional talent programs related to the big health industry, high-tech industry, modern financial industry, culture and sports and other industries.
Chongqing has issued "6 Housing Rules" to support rigid and improved housing demand
On May 20, the Office of the Leading Group for Promoting the Stable and Healthy Development of the Real Estate Market in Chongqing Municipality issued the "Notice on Supporting the Demand for Rigid and Improved Housing Purchases", which mainly includes the implementation of housing purchase subsidies, increasing provident fund support, and adjusting the management policies for re-trading existing houses, so as to better meet the needs of residents for rigid and improved housing.
The interest rate of Zhuhai's first housing provident fund loan is as low as 2.35%
On May 20, the Zhuhai Housing Provident Fund Management Center issued a notice to adjust the interest rate of personal housing provident fund loans. Specifically, from May 18, 2024, the interest rate of personal housing provident fund loans will be lowered by 0.25 percentage points, the interest rate of the first set of personal housing provident fund loans for less than 5 years (including 5 years) and more than 5 years will be adjusted to 2.35% and 2.85% respectively, and the interest rates of the second set of personal housing provident fund loans for less than 5 years (including 5 years) and more than 5 years will be adjusted to not less than 2.775% and 3.325% respectively.
Russia temporarily resumes gasoline exports
The Russian government announced on May 20 local time that gasoline manufacturers will be allowed to resume gasoline exports until June 30, 2024. At the same time, restrictions on gasoline exports will continue between July 1 and August 31.
Some iPhone models are "discounted", and Apple will reduce prices again within the year
On May 20, the first financial reporter inquired about the Tmall website and found that Apple's official flagship store on Tmall provided coupons for mobile phones including iPhone 13, iPhone 14 and iPhone 15 series, and the event period was from 20:00 on May 20 to midnight on May 28. Take a certain iPhone 15 Pro Max model as an example, the original price is 9999 yuan, and the price after receiving the coupon is 7949 yuan, with a price reduction of more than 2000 yuan; Another iPhone 15 Pro model, which was originally priced at 7,999 yuan, has an after-coupon price of 6,099 yuan, a price reduction of nearly 2,000 yuan, a price reduction of more than 20%. Other price reductions include the iPhone 15, iPhone 14 and iPhone 13 base models, all of which range from 900 yuan to 1,400 yuan.
Important Announcements》
Founder Motor: Obtained the project designation letter from the supplier Xpeng Motors
BGI: Termination of registration of products of a wholly-owned subsidiary
Huatie emergency: the controlling shareholder plans to change the controlling stake and the stock continues to be suspended
Tongfang shares: It is planned to publicly list and transfer 100% of the equity of one person and one capital
*ST Jinshi: intends to acquire 8% equity interest in the holding subsidiary
Weihong shares: plans to sell idle real estate
Lingyun shares: plans to acquire 50% of the shares of Lingyun Shidong
Huaxin New Materials: The subsidiary plans to purchase real estate for 121 million yuan
Pudong Construction: Recently, the subsidiary won the bid for a number of major projects
Conglin Technology: It is planned to repurchase the company's shares for 20 million yuan - 40 million yuan
Kemei Diagnostics: Shareholders plan to reduce their holdings of no more than 2% of the company's shares
Hongrun Construction: The holding subsidiary signed an EPC general contracting contract for a photovoltaic power generation project of 912 million yuan
Hanyu Pharmaceutical: Signed a cooperation agreement with the Management Committee of Zhongguancun Science City
Keboda: Multiple shareholders will reduce their holdings of no more than 3% of the company's shares in total
Overseas markets》
The three major U.S. stock indexes closed mixed
The Dow fell 0.49%, the Nasdaq rose 0.65% to a record high, the S&P 500 rose 0.09%, most of the popular technology stocks rose, Nvidia rose more than 2%, Microsoft, AMD rose more than 1%, and Tesla fell more than 1%. Metals & Mining, Semiconductor Equipment & Materials Sectors were among the top gainers, with Micron Technology, Qualcomm, and NXP rising more than 2%. Diversified banking and food and beverage sectors fell, with JPMorgan Chase falling more than 4%, the largest one-day decline since April 12; Citigroup, Bank of America, Budweiser, and McDonald's fell more than 1%. Chinese concept stocks fell, and the Nasdaq China Golden Dragon Index fell 1.65%. Li Auto fell more than 12%, iQiyi fell nearly 5%, Vipshop, Bilibili, Weibo fell more than 3%, Futu Holdings fell more than 2%, Baidu, JD.com, and Weilai fell more than 1%, Tencent Music, Alibaba, Xiaopeng Motors, NetEase, and Full Bang fell slightly. Pinduoduo rose slightly.
The main indexes of European stocks closed with the general gains
Germany's DAX 30 rose 0.36%, Britain's FTSE 100 rose 0.05%, France's CAC 40 rose 0.35%, and Europe's Stoxx 50 rose 0.19%.
International oil prices fell slightly
The U.S. oil June contract fell 0.45% to $79.22 a barrel. Brent oil July contract fell 0.38% to $83.66 a barrel.
International precious metal futures generally closed higher
COMEX gold futures rose 0.53% to $2,430.3 an ounce, and COMEX silver futures rose 2.55% to $32.055 an ounce. The main contract of Shanghai gold closed up 0.8% at 579.12 yuan / gram, and the main contract of Shanghai silver closed up 7.71% at 8539 yuan / kg.
Bitcoin broke through the $70,000 mark for the first time in more than a month. According to the data, the current price of Bitcoin is $70,225, up 6% in 24 hours.
Comprehensive sources: National Business Daily, China-Singapore Jingwei, China Business Network
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