Li Keqiang presided over the executive meeting of the State Council and deployed to accelerate the promotion of the outline of the 14th five year plan. Premier Li Keqiang presided over the executive meeting of the State Council on January 10. The meeting pointed out that the current economic operation is at the juncture of climbing over the ridge. In accordance with the requirements of the central economic work conference, we should ensure the smooth operation of the economy in the first quarter and the first half of the year. First, we should accelerate the implementation of 102 major engineering projects and key projects of special planning identified in the outline of the 14th five year plan. Focusing on the construction of key areas such as food and energy security, advanced manufacturing and high-tech industries, infrastructure such as transportation, logistics and network communication, and urban affordable housing, we will establish a coordination mechanism to ensure financing, land use and energy use. Second, according to the requirement that funds follow the project, the 1.2 trillion yuan of local government special bond funds issued in the fourth quarter of last year should be transferred to specific projects as soon as possible. We will pay close attention to issuing the special bonds issued this year, make good use of the investment in the central budget, focus on the projects under construction and those that can start as soon as possible, leverage more social investment, and strive to form more physical workload in the first quarter. Third, we should deepen the reform of the examination and approval system for investment projects and implement innovative measures such as commitment system and regional evaluation. Study and introduce policies and measures to revitalize stock assets.
In addition, the meeting also pointed out that in recent years, the reform of centralized procurement of drugs and high-value medical consumables has been continuously promoted, which has squeezed the falsely high medical prices with the market-oriented mechanism, saved more than 260 billion yuan of medical insurance and patient expenditure, and promoted the R & D and quality improvement of China Meheco Group Co.Ltd(600056) products. We should promote the normalization and institutionalization of centralized volume procurement and speed up the expansion to benefit patients.
On the whole, we will deploy the major projects identified in the outline of the 14th five year plan and the special plan, expand effective investment, and ensure the smooth operation of the economy in the first quarter and the first half of the year. At the same time, it was mentioned that it was decided to normalize and institutionalize the centralized procurement of drugs and high-value medical consumables, so as to further reduce the medical burden of patients.
The national development and Reform Commission and other departments issued the public service plan for the 14th five year plan
The national development and Reform Commission and other departments issued the public service plan for the 14th five year plan. Mentioned the need to actively promote the improvement of housing conditions. Large cities with net population inflow should vigorously develop indemnificatory rental housing, mainly to solve the housing difficulties of qualified new citizens, young people and other groups, mainly small households with a construction area of no more than 70 square meters, and the rent is lower than the rent in the market of the same location and quality. Large-sized apartment city with population net inflow develops common property rights housing according to local conditions, mainly with small and medium-sized apartment, and the supply scope is mainly oriented to registered residence population, and gradually extended to permanent residents. We will comprehensively promote the transformation of old urban communities, focus on the transformation and improvement of community supporting facilities and municipal infrastructure, improve the level of public services such as community pension, nursery education and medical treatment, and promote the construction of a complete residential community with safety, health, complete facilities and orderly management. Expand the coverage of the housing provident fund system, take multiple measures to promote units to pay and deposit according to law, and encourage flexible employees to participate in the housing provident fund system. We will optimize the policy on the use of housing provident fund, carry out both rent and purchase, and ensure the basic housing needs of depositors.
By 2025, the public service system will be more perfect, the public service supply pattern of basic government guarantee, diversified social participation and joint construction and sharing by the whole people will be basically formed, and the well-being of people’s livelihood will reach a new level. The level of equalization of basic public services has been significantly improved. High quality, diversified and upgraded services.
On the whole, the publication of the outline helps to improve the national basic public service system and effectively implement the national basic public service standards; It also mentioned the need to develop inclusive childcare services; We will actively develop a number of large enterprise groups with strong strength and broaden the access channels for the state-owned economy. Actively promote the improvement of housing conditions for young people, vigorously promote the construction of affordable housing and old reconstruction projects, and ensure the basic housing demand, which is good for the real estate sector as a whole.
The financing balance decreased. On January 7, the financing balance of A-Shares was 1702.691 billion yuan, a month on month decrease of 15.214 billion yuan; The balance of margin trading was 1814.592 billion yuan, a decrease of 16.417 billion yuan month on month. The balance of financing minus securities lending was 1590.789 billion yuan, a month on month decrease of 14.012 billion yuan.
Net purchase of northbound funds. On January 10, the net purchase transaction of land stock connect on that day was 4.758 billion yuan, including 61.505 billion yuan of purchase transaction and 56.747 billion yuan of sales transaction, with a cumulative net purchase transaction of 164.5539 billion yuan. Hong Kong stock connect had a net purchase transaction of HK $3.157 billion on the same day, including a purchase transaction of HK $18.134 billion and a sale transaction of HK $14.977 billion, with a cumulative net purchase transaction of HK $2193.954 billion.
Money market interest rates fluctuated. On January 10, Bank Of Shanghai Co.Ltd(601229) inter-bank offered rate Shibor overnight interest rate was 1.8780%, up 3.90bp, Shibor one week was 2.0930%, down 1.00bp. The weighted interest rate of pledged repo of depository institutions was 1.8754% overnight, up 4.93bp and 2.0471% a week, down 0.12bp. The 10-year maturity yield of China national debt was 2.8056%, down 1.25bp.
The three major U.S. stocks rose and fell, while European stock markets fell. On January 10, the Dow Jones Industrial Average closed at 36068.87 points, down 0.45%; The S & P 500 index closed at 4670.29 points, down 0.14%; The NASDAQ index closed at 14942.83, up 0.05%. European stock markets, French CAC index closed at 7115.77 points, down 1.44%; Germany’s DAX index closed at 15768.27 points, down 1.13%; The FTSE 100 index closed at 7445.25, down 0.53%. In the Asia Pacific market, the Nikkei index closed at 28478.56 points, down 0.03%; The Hang Seng Index closed at 23746.54, up 1.08%.
The dollar index rose. On January 10, the dollar index rose 0.22% to 95.9530. The euro fell 0.29% against the dollar to 1.1329. The dollar fell 0.29% against the yen to 115.1900. Sterling fell 0.10% against the dollar to 1.3578. The spot exchange rate of RMB against the US dollar closed at 6.3718, up 0.03%. The spot exchange rate of offshore RMB against the US dollar closed at 6.3814, up 0.02%. The central parity rate of RMB against the US dollar closed at 6.3653, up 0.14%.
Gold rose and crude oil fell. On January 10, Comex gold futures rose 0.27% to close at US $1801.30 / ounce. WTI crude oil futures fell 0.65% to close at US $78.43/barrel. Brent crude oil futures fell 1.14% to close at US $81.00/barrel. COMEX copper futures fell 0.64% to close at US $4.3730/lb. LME copper three-month futures fell 1.13% to close at US $9565 / ton.
