The spokesman of the Ministry of foreign affairs responded that the United States added wechat to the “list of notorious markets”, and Zhejiang human resources and social security department responded to the “compensatory loan for college students’ entrepreneurial failure” The following is China’s financial highlights on February 18.
Finance Minister Liu Kun said that the deficit ratio should be properly determined
Finance Minister Liu Kun wrote in the people’s daily on Friday that in 2022, to implement a positive fiscal policy, we should deeply understand and implement the central requirements, “improve efficiency and pay more attention to accuracy and sustainability”. To enhance the sustainability of fiscal policy, we should coordinate the needs and possible arrangements for fiscal expenditure, adhere to ensuring and improving people’s livelihood in development, and do not aim too high and indulge too much appetite; Appropriately determine the deficit ratio, scientifically arrange the debt scale, and effectively prevent and resolve risks.
more underground adjustment of the down payment ratio of the first house loan
According to the Shanghai Securities News, it has been reported that the down payment ratio of the first house loan in Heze, Shandong Province has dropped to 20% from 30% previously. In addition to Heze, some cities across the country have quietly reduced the interest rate and down payment ratio of the first house loan. The reporter learned from real estate agencies such as Lianjia in Chongqing and Ganzhou, Jiangxi that many banks in Chongqing and Ganzhou, Jiangxi have reduced the down payment ratio of the first house loan to 20% before and after the Spring Festival. According to the industry, the cities in this round of adjustment are non “purchase restricted” cities, which are jointly decided by the local housing and financial functional departments according to the principle of implementing policies according to the city.
the Ministry of foreign affairs responded that the United States added wechat to the “list of notorious markets”
At the regular press conference of the foreign ministry on Friday, a reporter asked that the office of the US trade representative issued a statement announcing that wechat and Alibaba’s global express would be added to a “notorious market list” for fake, shoddy and pirated goods. In this regard, foreign ministry spokesman Wang Wenbin said that China has always attached great importance to intellectual property protection, and the results achieved in recent years are obvious to all. “We urge the US side to stop politicizing economic and trade issues, make a comprehensive, objective and fair evaluation of the efforts and achievements made by Chinese enterprises in intellectual property protection, cooperate with Chinese and American enterprises on the basis of equality, mutual benefit and mutual respect, create an open, fair, just and non discriminatory business environment, and jointly promote the healthy and stable development of China US economic and trade relations.” He said.
Zhejiang human resources and social security department responded to the “compensatory loan for college students’ entrepreneurial failure”
When introducing the entrepreneurship support policy of college students in Zhejiang Province on Thursday, the relevant person in charge of the Department of human resources and social security of Zhejiang Province said that if college students fail to start a business, the government will fully compensate for the loan of less than 100000 yuan, and 80% of the loan of more than 100000 yuan will be compensated by the government. The policy caused heated debate. In response, Zhejiang human resources and social security department responded that the “compensatory loan for entrepreneurial failure of Zhejiang college students” defined the recovery and write off mechanism in the implementation measures. After compensation, it should be recovered in principle, but if it is unable to repay, it should be written off from the entrepreneurial guarantee fund after approval according to the specified procedures.
the CBRC prompted to prevent illegal fund-raising fraud in the name of “yuanuniverse”
On Friday, the website of the China Banking and Insurance Regulatory Commission released the “tips on preventing the risk of illegal fund-raising in the name of” yuancosmos “. It said that recently, some criminals rubbed hot spots, absorbed funds under the names of” yuancosmos investment project “and” yuancosmos chain Tour “, and were suspected of illegal fund-raising, fraud and other illegal and criminal activities. Now the relevant methods and risks are as follows: 1 Fabricate a false meta universe investment project. 2、 Fraud under the banner of metauniverse blockchain game. 3、 Malicious speculation yuan universe real estate money. 4、 Engage in illegal profit making of Yuan universe virtual currency in a disguised form.
the national development and Reform Commission takes multiple measures to promote the steady growth of industrial economy
According to the news released on the website of the national development and Reform Commission on Friday, 12 departments including the national development and Reform Commission issued the notice on several policies to promote the steady growth of the industrial economy, and put forward 18 specific measures to promote the steady growth of the industrial economy from five aspects: fiscal tax policy and financial credit policy. Specific measures include delaying the payment of some taxes and fees by small, medium-sized and micro enterprises in the manufacturing industry implemented in the fourth quarter of 2021 for a further six months; Continue to guide the financial system to transfer profits to the real economy; Organize and implement special actions for innovative development of photovoltaic industry; Accelerate the construction of major new infrastructure projects, and support industrial enterprises to accelerate digital upgrading.
financial view
Guan Tao: China has the advantage to deal with the tightening policy of the Federal Reserve
Guan Tao, the world’s chief economist, recently wrote in China Newsweek that the tightening of the Federal Reserve has made emerging markets feel cold, but China is different. Three factors support China’s macro policies. He analyzed that, first of all, China’s foreign sector is resilient. Thanks to the effective prevention and control of the early epidemic, the smooth resumption of work and production and the strong supply chain industry chain, China’s exports have achieved good results. Secondly, the RMB exchange rate is flexible. Since the “August 11” exchange rate reform, the two-way fluctuation of the RMB exchange rate has gradually become the norm, and the degree of marketization has increased significantly. Finally, China has sufficient macro policy space, especially at present, China’s consumption inflation is still relatively weak, and the recovery of domestic consumption is slow, which does not constitute a condition for monetary policy tightening.
Xiong yuan: inflation data highlights the current shortage of China’s demand
According to the latest data released by the National Bureau of statistics, the consumer price index (CPI) increased by 0.9% year-on-year in January, down 0.6 percentage points from December last year, while the core CPI remained at a low level of 1.2%. Xiong yuan, chief economist of Guosheng securities, said that CPI and core CPI remained low, and the non food sub item in CPI continued to be weaker than seasonality, indicating that China’s demand is still weak. In addition, the expansion of steel price decline and the narrowing of electricity price increase can also reflect the current situation of “high expectation and low reality” of stable growth, and relevant measures still need to be further strengthened.
financial data
In January, the sales volume of new energy vehicles increased by 1.4 times year-on-year
According to the data released by China Automobile Industry Association on Friday, in January, automobile production and sales reached 2.422 million and 2.531 million respectively, with a year-on-year increase of 1.4% and 0.9%. Among them, 452000 and 431000 new energy vehicles were produced and sold respectively, with a year-on-year increase of 1.3 times and 1.4 times.
The Shanghai stock index rose 0.66% and the RMB closed 101 points higher against the US dollar
At the close of the stock market, the Shanghai composite index reported 3490.76 points, up 0.66%; Shenzhen composite index reported 13459.68 points, up 0.27%; The gem index fell 0.46% to 2826.81. On the disk, Internet services, iron and steel industry, cement and building materials increased, while jewelry, precious metals and chemical fertilizer industry decreased. In terms of foreign exchange market, the onshore RMB closed at 6.3265 against the US dollar at 16:30, up 101 basis points from the previous trading day, and the central parity rate of RMB against the US dollar was 6.3343, down 22 basis points from the previous trading day.
