On Friday, December 3rd, the main contents of today's headlines are:

China Securities Journal

In the first October, the total import and export of services increased by 12.7% year-on-year

At the regular press conference of the Ministry of Commerce on December 2, Shu jueteng, spokesman of the Ministry of Commerce, said that China's service trade continued to maintain a good growth trend from January to October this year. The total import and export of services was 4198.03 billion yuan, a year-on-year increase of 12.7%; Among them, the service export was 1997.43 billion yuan, an increase of 29%; Imports reached 220.6 billion yuan, an increase of 1.1%.

Beijing today launched a new round of digital RMB pilot

The reporter recently learned from Beijing local financial supervision and administration that Beijing launched a new round of digital RMB pilot activities of "Beijing Caihui people's livelihood digital Carnival" on December 3. Insiders said that in the future, digital RMB will accelerate the expansion in application scenarios and application groups.

Allotment financing continues to heat up, and listed banks actively "replenish blood"

The reporter found that since 2020, listed banks have gradually begun to use the way of allotment for financing, which has maintained a warming trend this year. Industry insiders believe that under the environment of continuous promotion of the registration system and regulators' encouragement of multi-channel replenishment of commercial banks' capital, the share allotment of listed banks has little impact on market liquidity. Due to the higher efficiency of share allotment and fund-raising, it has once again become an important choice for listed banks in urgent need of "blood replenishment".

The two departments plan to standardize the fund management of Panda Bonds

In order to standardize the fund management of bonds issued by overseas institutions in China, the people's Bank of China and the State Administration of foreign exchange drafted the regulations on the fund management of bonds issued by overseas institutions in China (Draft for comments), which uniformly standardized the panda bond fund account, fund exchange and use, statistical monitoring, etc.

Shanghai Securities News

The latest statement of the Ministry of Commerce: timely study policies and measures for possible problems and difficulties of foreign trade enterprises

A new round of stable foreign trade policies and measures is expected to be introduced. Shu jueteng, spokesman of the Ministry of Commerce, said at the press conference yesterday that the Ministry of Commerce will closely follow the changes of the situation, timely study and judge the impact of the epidemic on China's foreign trade and global supply chain, and timely study policies and measures for possible problems and difficulties of foreign trade enterprises.

In the first 10 months, China's service trade deficit narrowed significantly and offshore service outsourcing grew rapidly

According to the latest data released by the Ministry of Commerce, China's service trade continued to maintain rapid growth in the first October, with the total import and export of services reaching 4198.03 billion yuan, a year-on-year increase of 12.7%, 1.1 percentage points faster than that in the previous September. The growth rate of China's service exports was significantly higher than that of imports, which led to the sharp narrowing of China's service trade deficit. In the first October, the contract value of offshore service outsourcing undertaken by China was 763.9 billion yuan and the executed value was 555.6 billion yuan, with a year-on-year increase of 17.2% and 21.4% respectively.

Intensive regulatory policies, e-cigarette industry will bid farewell to savage growth

On December 2, the official website of the State Tobacco Monopoly Administration issued the measures for the administration of e-cigarettes (Draft for comments), which strictly stipulated the supervision of e-cigarette production, sales, import and export. Within a week, policies for the e-cigarette industry were released one after another. In the view of insiders, China's e-cigarette industry, which has been savagely growing for a long time, will accelerate towards an orderly development stage with the intensive introduction of this regulatory policy.

Explosive money reappears in the Jianghu, and private placement bullets are "loaded" in the coming year

Data show that in December, the A-share confidence index of Rongzhi · China hedge fund managers increased by 1.65% month on month, and the proportion of private placement of medium and high positions (more than 80%) increased significantly. It is worth noting that not only is the stock fund "loaded", but incremental funds are also on the way. The reporter learned that Jinglin assets recently conducted roadshows in multiple channels, and the products will be officially sold out in all channels next Monday. The reservation quota of Bank Of Communications Co.Ltd(601328) private banks has been sold out in half a day.

securities times

China's high-yield debt is in the ascendant, and the trillion market calls for institutional improvement

With the breaking of rigid cashing in China's bond market and the gradual improvement of credit risk pricing system, a new bond sub market - high-yield bond market is developing. Keen to smell market opportunities, investors began to quietly layout. Recently, the price of real estate bonds has rebounded from a sharp drop, which also let some institutions see the investment window of high-yield bonds again. However, unlike the waves scouring the sand in overseas markets for decades, China's high-yield bond market is still in a new stage, and a series of institutional construction such as trading mechanism and regulatory policies need to be constructed and improved.

Arrears of small and medium-sized enterprises can be described as "alternative Laolai", and the protection regulations urgently need to be strictly implemented

Since the beginning of this year, the accounts receivable of small and medium-sized enterprises have increased rapidly and their arrears have increased. The accounts owed to small and medium-sized enterprises are mainly government organs, institutions and large enterprises. The recently held executive meeting of the State Council deployed measures to clean up the accounts owed to small and medium-sized enterprises and ensure the timely and full payment of migrant workers' wages. In July 2020, the State Council specially issued the regulations on ensuring the payment of funds to small and medium-sized enterprises. At present, it is important to publicize this law, strengthen supervision by public opinion, expose more "alternative Laolai" in arrears with small and medium-sized enterprises, improve the authority of the law and truly implement the law.

The marketization of fixed growth has stepped into normal, and the fund-raising plans of 137 listed companies have "miscarried"

Data show that 137 listed companies terminated fixed growth in the first 11 months of this year, mainly due to changes in regulatory policies and market environment. Among them, some companies automatically lose their validity when the approval expires, and some companies terminate when the validity of the approval is about to expire. Many market participants believe that this phenomenon is the embodiment of marketization. Now the supply of fixed growth projects is in short supply, and the cost performance of institutional investors participating in fixed growth is improving.

Real estate speculation group captured yuanuniverse, and 27.39 million people bought virtual land

Now, all kinds of capital, Internet giants and entrepreneurs have entered the "meta universe" and are trying to find gold in different ways. In fact, many ways of speculation in the meta universe are not divorced from real life, such as "land speculation". On Tuesday, a piece of virtual land on the virtual game platform sandbox was sold for us $4.3 million (about 27.39 million yuan), setting a new record for the real estate transaction price of "Yuan universe".

Securities Daily

How does the shift of US Federal Reserve Chairman Powell to "hawks" affect China's financial market?

On November 30 local time, Powell attended a hearing held by the Senate Banking Committee of the United States Congress and said that in view of the current high inflation pressure in the United States, it would be "appropriate" to discuss whether the Federal Reserve should complete the debt purchase and reduction at a faster speed. It should be noted that no matter how the Fed's monetary policy evolves in the later stage, its spillover impact on China's financial market is relatively limited.

Some banks' mortgage approval is "loose": banks can approve loans one day

Recently, many cities, including Shanghai, Shenzhen, Guangzhou and Xi'an, have heard the news of mortgage relaxation. Combined with the reporter's thorough investigation, the overall lending speed of banks has improved, but the lending situation of local and banks is still slightly different. For some state-owned banks with substantial "pockets", the speed of granting loans and lending has been significantly accelerated.

The policy of ensuring supply and stabilizing price of chemical fertilizer has been effective: the wholesale price has decreased month on month for four consecutive weeks

Since the beginning of this year, affected by factors such as production costs, the price of chemical fertilizer in China has increased significantly. Many departments have taken a package of measures to ensure supply and stabilize the price, which has stabilized the rising trend of chemical fertilizer price to a certain extent. The latest data show that on November 29, China's fertilizer wholesale price composite index (cfci) was 3017.48 points, down 1.14% month on month, which has fallen for four consecutive weeks.

Yuan universe track "grabs people" with an annual salary of one million, and the five categories of talents in the future are the most in demand

Recently, many recruitment advertisements with an annual salary of one million have entered the reporter's field of vision. The reporter found on some recruitment software that many companies released recruitment of talents related to yuanuniverse, with salaries ranging from 20000 yuan a month to millions a year. At present, there are five types of talent needs in the meta universe: the first is the underlying infrastructure, the second is the equipment, the third is the content, the fourth is the AI, and the fifth is other basic technologies to be determined.

people's daily

Reducing pressure and increasing vitality of small, medium and micro enterprises

The executive meeting of the State Council deployed to implement phased tax deferment measures for small, medium-sized and micro enterprises in the manufacturing industry in the fourth quarter of this year, further strengthen the rescue of enterprises, and promote the stable operation of the industrial economy. The reporter learned from the State Administration of taxation that in the first month of the implementation of the policy, from November 1 to 30, small, medium-sized and micro enterprises in the manufacturing industry accumulated 47.14 billion yuan of deferred taxes.

21st Century Business Herald

While striking a balance between risk prevention and steady growth, we need to adjust the structure

There is a conflict between the "triangular cycle" and the construction of a new development pattern, which is also the main problem of the current economic cycle. If the "triangular cycle" weakens, it may have a very direct impact on economic growth, employment and residents' income, and there is a lack of sufficient high-quality increment to fill the kinetic energy after the weakening of the "triangular cycle", which is the traditional dilemma faced by economic transformation. The key is to develop, achieve a balance between risk prevention and steady growth, and adjust the structure in the process.

At the end of the third quarter, trust investment in bonds increased by 57% year-on-year. The effect of "non-standard to standard" is obvious, but it may imply risks

The newly disclosed operating data of the trust industry in the third quarter shows that the structure of the whole industry has also been greatly optimized under the exploration of the continuous transformation of the industry and the company. The trust invested in the securities market increased by 38.12% year-on-year, and the trust invested in the bond market increased by 57% year-on-year. From non-standard to standardized investment, trust companies do not have the pressure of just exchange, but they are replaced by market risk, liquidity risk, credit risk and operational risk.

China business daily

Controlling the persistent disease of defaulting accounts of small and medium-sized enterprises needs to put a "cage" on the dominant subject

An important reason why small and medium-sized enterprises are "in arrears" is that strong subjects abuse their dominant position. Some aspects can be solved through market-oriented regulation, while others, including "arrears" of organs and institutions, need to tighten the "reins" and wear "cages" to solve and prevent them. This requires strengthening the construction of the rule of law, including solidifying the regulations in the form of law.

The effectiveness of taking multiple measures to ensure energy supply has initially shown, and central enterprises have accelerated the layout of clean energy

Recently, with the implementation of a series of measures such as accelerating the release of high-quality coal production capacity and deepening the market-oriented reform of on grid electricity price of coal-fired power generation, the effect of energy supply protection has begun to show. In the long run, improving the supply capacity of clean energy and accelerating the formation of a clean, low-carbon, safe and efficient modern energy supply system will not only enhance the foundation of energy supply, but also help achieve the "double carbon" goal.

economic reference daily

Increase the activity of the national carbon market to meet the countdown to the "first test"

According to the notice on clearing and paying carbon emission quotas in the first performance cycle of the national carbon emission trading market issued by the Ministry of ecological environment, all localities shall ensure that 95% of the key emission units in their administrative regions complete the performance before 17:00 on December 15, 2021 and all the key emission units of the Ministry complete the performance before 17:00 on December 31. With the deadline of the first performance cycle of the national carbon emission trading market approaching, the trading willingness of key emission enterprises has increased significantly since November.

Accelerating the implementation of "warming enterprises" and stimulating the vitality of small and medium-sized enterprises

Recently, focusing on helping small and medium-sized enterprises to rescue and solve difficulties, improving the competitiveness of small and medium-sized enterprises and further stimulating the vitality of small and medium-sized enterprises, a series of "warming enterprises" are accelerating the implementation. While implementing tax reduction and fee reduction and optimizing the business environment, strengthen the construction of service system and strive to open up the "last mile" of policy implementation.