Important news guide
1. Major current events
1.** Meeting with Russian Prime Minister Mishustin.
2.**Rural Work Conference Held in Beijing **Important instructions were given to the "Three Rural" work.
3.Li Qiang presided over the fifth special study.
Second, implement the spirit of the first financial work conference
1.The disposal path is gradually becoming clear, and the prevention and resolution of financial risks has become normalized.
2.Focus on the "two major events" and write the "five big articles" of finance
3. Regulatory news
1.The People's Bank of China (PBoC) has launched an emergency response mechanism to ensure financial services for earthquake relief.
2.2023**Treasury Cash Management Commercial Bank Fixed Deposit (10 Phases) Bidding Notice.
3.The People's Bank of China (PBoC) will hold the 2023 Youth Academic Exchange Activities.
Fourth, the bank's news
1.Xing Wei, Vice President of China Banking Association, met with Zheng Sizhen, President and Chief Executive Officer of DBS Bank (China)**.
2.The General Meeting of the Working Committee of Taiwan-funded Banks of the China Banking Association and the First Standing Committee of the Third Session of the CPC were held in Jiangsu.
3.The Financial Leasing Committee of the China Banking Association successfully held the Shipping Business Exchange Meeting of Financial Leasing Companies.
4.Earthquake relief in action!Multi-bank to ensure that financial services are "uninterrupted".
5.Strengthen the management of sales suitability A number of banks have adjusted the rules for regular investment business.
6.WeBank Technology Finance: Helping more science and technology-based small, medium and micro enterprises to move towards specialization, refinement, and innovation.
7.Fudian Bank strives to do a good job in "pension finance".
5. Insurance news
1.Stock products iterate into the mainstream, and the 2024 version of Huimin Insurance in many places is about to take effect.
2.To make up for the shortcomings of the third pillar of the elderly, we must read the "three-word formula".
3.Housekeeping insurance welcomes another opportunity!"Applaud and applaud" by what.
Sixth, ** ** ** Capital market news
1.The Beijing ** Stock Exchange deploys the disclosure of the 2023 annual reports of listed companies.
2.At the end of the year, the IPO counseling record was "blowout", and many companies were "diverted" to be listed on the Beijing Stock Exchange.
3.A number of brokerages released 2024 strategy reports: economic growth is gradually accelerating, and market opportunities outweigh risks.
4.Emerging markets performed well, and the public offering actively deployed QDII products.
7. Macroeconomic, economic, and social hot spots
1.During his investigation in Yunnan, Wang Huning stressed that we should adhere to the main line of forging the sense of community of the Chinese nation and the direction of the sinicization of religion in our country, and do a good job in ethnic and religious work with a high sense of responsibility and mission.
2.** Fiscal Emergency Issued 2200 million yuan of agricultural disaster prevention and mitigation and water conservancy disaster relief funds to support Gansu and Qinghai disaster areas to do a good job in agricultural and water conservancy disaster relief.
3.The Ministry of Transport and the Ministry of Finance urgently issued 30 million yuan to support Gansu and Qinghai to do a good job in emergency access to disaster highways.
4.Ministry of Commerce: The seventh meeting of the China-New Zealand Free Trade Area Joint Committee was held.
5.Guiding Opinions of 12 Departments including the Ministry of Commerce on Accelerating the Digital Empowerment of Life Services.
6.The person in charge of the Department of Trade in Services of the Ministry of Commerce interprets the "Guiding Opinions of 12 Departments including the Ministry of Commerce on Accelerating the Digital Empowerment of Life Services".
7.The State Administration for Market Regulation has vigorously carried out credit restoration to boost the high-quality development of China's economy.
Major current events
1.** Meeting with Russian Prime Minister Mishustin.
*:Xinhua.
On the morning of December 20, ** met with Russian Prime Minister Mishustin in the Great Hall of the People. **Emphasizing that China's economy is resilient, has great potential, has wide room for manoeuvre, and has no change in the fundamentals of long-term improvement. China's firm commitment to high-quality development and high-level opening-up will provide new opportunities for the development of all countries, including Russia. The two sides should give full play to the advantages of political mutual trust, economic complementarity, interconnection of facilities and people-to-people communication, continuously enrich the connotation of cooperation, deepen cooperation in the fields of economy and trade, energy and connectivity, and jointly maintain the safety and stability of the industrial chain. The two sides should make good use of the China-Russia Cultural Year in the next two years, design and carry out more colorful people-to-people and cultural exchange activities, and consolidate the social and public opinion foundation of friendship between the two countries for generations to come.
2.**Rural Work Conference Held in Beijing **Important instructions were given to the "Three Rural" work.
*:Xinhua.
*The Rural Work Conference was held in Beijing from the 19th to the 20th. Guided by the thought of socialism with Chinese characteristics in the new era, the meeting fully implemented the spirit of the 20th National Congress of the Communist Party of China and the Second Plenary Session of the 20th Central Committee, thoroughly implemented the important exposition of the general secretary on the "three rural" work, implemented the spirit of the first economic work conference, analyzed the current situation and challenges faced by the "three rural" work, and deployed the "three rural" work in 2024.
3.Li Qiang presided over the fifth special study.
*:Xinhua.
On the morning of December 20th, the fifth special study was held with the theme of "creating a market-oriented, law-based, international, first-class business environment, and continuously stimulating market vitality and social creativity". **Premier Li Qiang presided over the special study. Luo Peixin, a professor at East China University of Political Science and Law, gave an explanation. **Vice Premier Ding Xuexiang, State Councilors Wang Xiaohong and Wu Zhenglong made exchange speeches.
Implement the spirit of the first financial work conference
1.The disposal path is gradually becoming clear, and the prevention and resolution of financial risks has become normalized.
*: Shanghai ** Daily.
* The Financial Work Conference pointed out that there are still many hidden economic and financial risks, the quality and efficiency of financial services for the real economy are not high, financial chaos and corruption have been repeatedly prohibited, and the ability of financial supervision and governance is weak. The meeting stressed the need to comprehensively strengthen financial supervision and control and effectively prevent and resolve financial risks. In this regard, Shanghai ** Daily invited Lian Ping, chairman of the China Chief Economist Forum, Ding Anhua, chief economist of China Merchants Bank, Zhang Jun, chief economist of Galaxy, and Li Chao, chief economist of Zheshang, to focus on the topic of preventing and resolving financial risks, and make suggestions for the next stage of risk resolution.
2.Focus on the "two major events" and write the "five big articles" of finance
*: China Banking and Insurance News.
* The financial work conference pointed out that we should do a good job in five major articles: science and technology finance, green finance, inclusive finance, pension finance, and digital finance. This is a deepening of the traditional financial function, and a concrete measure and embodiment to promote the high-quality development of finance. The Inner Mongolia Supervision Bureau of the State Administration of Financial Supervision and Administration (hereinafter referred to as the "Inner Mongolia Supervision Bureau") will fully implement the "Opinions on Promoting the High-quality Development of Inner Mongolia and Striving to Write a New Chapter of Chinese-style Modernization", anchor the completion of the five major tasks assigned to Inner Mongolia by the General Secretary of the People's Republic of China and the two major events of building a model autonomous region in an all-round way, and guide financial institutions to write the "five major articles" of finance based on the high-quality development plan of Inner Mongolia.
Regulatory news
1.The People's Bank of China (PBoC) has launched an emergency response mechanism to ensure financial services for earthquake relief.
*:People's Bank of China.
After the occurrence of the ** in Jishishan County, Linxia Prefecture, Gansu Province, the Party Committee of the People's Bank of China immediately implemented the important instructions of the General Secretary and the instructions of Premier Li Qiang, and Pan Gongsheng, Secretary of the Party Committee and President of the Bank, made arrangements as soon as possible, requiring relevant departments and branches to activate the emergency response mechanism and make every effort to ensure the financial services for earthquake relief. The first is to increase the support of monetary policy tools and give priority to ensuring the demand for emergency credit funds. The second is to open a "green channel" for the remittance and transfer of funds from the state treasury to disburse disaster relief funds in a timely manner. Up to now, the People's Bank of China's Gansu and Qinghai provincial branches have allocated 1700 million yuan, 50 million yuan. The third is to ensure the safe and smooth operation of financial infrastructure such as payment, clearing and credit investigation, and restore financial services in the affected areas as soon as possible. Fourth, it is necessary to rationally allocate and issue ** to ensure the cash needed for people's livelihood and disaster relief.
2.2023**Treasury Cash Management Commercial Bank Fixed Deposit (10 Phases) Bidding Notice.
*:People's Bank of China.
In order to improve the efficiency of the use of treasury cash and strengthen the coordination and cooperation between fiscal policy and monetary policy, the Ministry of Finance and the People's Bank of China are scheduled to conduct the bidding for the 2023**Treasury Cash Management Commercial Bank Fixed Deposit (10 Phases) through the People's Bank of China** Treasury Cash Management Commercial Bank Fixed Deposit Business System from 9:00 a.m. to 9:30 a.m. on December 25, 2023. The operation volume of this period is 180 billion yuan, the term is 1 month (28 days), the value date is December 25, 2023, and the maturity date is January 22, 2024 (postponed accordingly in case of holidays).
3.The People's Bank of China (PBoC) will hold the 2023 Youth Academic Exchange Activities.
*:People's Bank of China.
On December 19, the People's Bank of China's 2023 Youth Academic Exchange Activity was held in Beijing, and Qu Jishan, head of the discipline inspection and supervision team of the Discipline Inspection Commission and State Supervision Commission in the People's Bank of China and member of the Party Committee of the People's Bank of China, attended the event and delivered a speech. Members of the youth research group, young cadres and workers and relevant experts from the whole system exchanged and shared the academic research results of young people through the first meeting, and offered suggestions and suggestions for promoting high-quality financial development and accelerating the construction of a financial power.
Banking News
1.Xing Wei, Vice President of China Banking Association, met with Zheng Sizhen, President and Chief Executive Officer of DBS Bank (China)**.
*: China Banking Association.
Recently, Xing Wei, Vice President of the China Banking Association, met with Zheng Sizhen, President and Chief Executive Officer of DBS Bank (China)**, and his delegation to exchange views, accompanied by Zhou Gengqiang, Deputy Secretary-General of the China Banking Association.
2.The General Meeting of the Working Committee of Taiwan-funded Banks of the China Banking Association and the First Standing Committee of the Third Session of the CPC were held in Jiangsu.
*: China Banking Association.
Recently, the General Assembly of the Working Committee of Taiwan-funded Banks of the China Banking Association and the First Standing Committee of the Third Session were held in Suzhou.
3.The Financial Leasing Committee of the China Banking Association successfully held the Shipping Business Exchange Meeting of Financial Leasing Companies.
*: China Banking Association.
In order to build a platform for the exchange of shipping business of financial leasing companies and promote the high-quality development of financial leasing and shipping business under the new development pattern, the Financial Leasing Professional Committee of China Banking Association successfully held a shipping business exchange meeting for financial leasing companies in Beijing on December 14. Jin Shuying, full-time deputy director of the China Banking Association, attended the meeting and delivered a speech.
4.Earthquake relief in action!Multi-bank to ensure that financial services are "uninterrupted".
*: Beijing Business Daily.
At 23:59 on December 18, 6Level 2**, Gansu, Qinghai has a strong sense of **. On December 20, it was found that many banks had launched the emergency financial service process to ensure that the financial services were "uninterrupted".
5.Strengthen the management of sales suitability A number of banks have adjusted the rules for regular investment business.
*: China ** Daily.
Recently, a joint-stock bank announced that the bank will adjust the rules of the regular investment business from December 19. When executing ** regular investment deduction, increase the verification link of customer risk tolerance matching. Prior to this, many banks had adjusted the rules of the ** regular investment business. In the eyes of industry insiders, this is a positive measure taken by banks to strengthen the management of sales suitability, and the management of sales suitability needs to be further strengthened in the future.
6.WeBank Technology Finance: Helping more science and technology-based small, medium and micro enterprises to move towards specialization, refinement, and innovation.
*: China Banking and Insurance News.
* The Financial Work Conference clarified the "Five Major Articles" as the direction of building a financial power, of which science and technology finance is the primary task. **The Economic Work Conference emphasized the need to increase support for scientific and technological innovation, green transformation and other fields. WeBank has built a digital technology financial service system to meet the needs of science and technology enterprises throughout the life cycle and support more science and technology-based small and medium-sized enterprises to embark on the road of specialization, refinement, and innovation.
7.Fudian Bank strives to do a good job in "pension finance".
*:Xinhua.
Fudian Bank provides modern financial services for the elderly, including online intelligent services and offline multi-dimensional services. The bank has launched a demonstration network for elderly services, provided detailed rules and facilities for services for the elderly, and optimized the template for filling in the form and risk warning for the elderly customers. In addition, the bank also launched the "Elder Edition" of mobile banking, added the "voice navigation" function, and launched the Baifu Card and exclusive wealth management products to provide more caring and heart-warming services for elderly customers. At the same time, the bank has also strengthened consumer rights protection and financial literacy education and publicity to improve the financial literacy of elderly customers and their ability to use smart technology.
Insurance News
1.Stock products iterate into the mainstream, and the 2024 version of Huimin Insurance in many places is about to take effect.
*: China ** Daily.
In more than ten days, the 2024 version of Huimin Insurance in many places will take effect. At present, the insurance of products such as "Beijing Puhui Health Insurance" and "Anhui Huimin Insurance" will be closed at the end of December. The insurance of products such as "Huitang Insurance" and "Ganzhou Huimin Insurance" will end at the end of January 2024, but the insurance period is from January 1 to December 31, 2024. After years of development, the basic market of Huimin Insurance has been steadily expanded, and the transformation from the horizontal expansion model of new products to the vertical iteration model of existing products has accelerated. From the perspective of the 2024 version of Huimin Insurance products, many places have continued the classification of basic and upgraded versions, optimized the compensation ratio more accurately, expanded the scope of protection such as special drugs, and further increased the coverage of insurable persons and health management and other rights and interests.
2.To make up for the shortcomings of the third pillar of the elderly, we must read the "three-word formula".
*: China Financial News Network.
The recent economic work conference pointed out that it is necessary to accelerate the improvement of the birth support policy system, develop the silver economy, and promote the high-quality development of the population. The State Administration of Financial Supervision emphasized in conveying the spirit of the economic work conference that it is necessary to speed up the development of pension finance, focus on making up for the shortcomings of the third pillar of the pension, and increase support for the health industry and the silver economy. From the perspective of time, the third pillar of pension insurance is the "new ding" of China's pension financial market. At present, the scale of China's pension accounts for about 10% of the gross national product, far lower than the level of developed countries, and the development prospects are still very broad. To make up for the shortcomings of the third pillar of pension insurance, it is necessary to do a good job in the three aspects of "change", "refinement" and "practice", and read the "three-character formula". Pay attention to the word "change", pay attention to the word "fine", and pay attention to the word "real".
3.Housekeeping insurance welcomes another opportunity!"Applaud and applaud" by what.
*: Beijing Business Daily.
During the year, the first department and other departments mentioned housekeeping insurance. It was found that a variety of housekeeping-related insurance has been launched on the market, and the premiums are different according to different insurance responsibilities, and the premiums are concentrated in tens of yuan to hundreds of yuan. From the perspective of the market development of housekeeping-related insurance, although related products have been launched in the past 20 years, and insurance companies have also upgraded their products, the insurance rate has not increased significantly. As for how to further promote the protection of insurance products in the field of domestic service, experts believe that insurance companies and domestic service companies have established cooperative relations to provide one-stop insurance solutions;Through digital and intelligent technology, we can improve the convenience and efficiency of insurance services and enhance customer experience.
** ** ** Capital market news
1.The Beijing ** Stock Exchange deploys the disclosure of the 2023 annual reports of listed companies.
*: Beijing Stock Exchange.
In order to further consolidate the financial foundation of listed companies and improve the quality of information disclosure, on December 20, the Beijing ** Stock Exchange issued the "Notice on Doing a Good Job in the Disclosure of Listed Companies' 2023 Annual Reports", which arranges and deploys the matters that listed companies, sponsors and accounting firms should focus on in the preparation and submission of annual reports.
2.At the end of the year, the IPO counseling record was "blowout", and many companies were "diverted" to be listed on the Beijing Stock Exchange.
*: Shanghai ** Daily.
Towards the end of the year, the number of IPO counseling filings "blowout" again. The data shows that in the past one week (December 13 to December 19), 42 new IPOs have been filed for counseling, an increase of 61 from the previous month54%。Since December, 80 companies have launched IPO counseling and filing, with a month-on-month and year-on-year increase of more than 50%. The Beijing Stock Exchange has become a "new hot spot" for IPOs, and the "reserve army" continues to expand. Stimulated by a series of favorable policies, many companies have "rerouted" to be listed on the Beijing Stock Exchange.
3.A number of brokerages released 2024 strategy reports: economic growth is gradually accelerating, and market opportunities outweigh risks.
*:*Net. Towards the end of the year, a number of brokerages released their 2024 strategy reports, looking forward to next year's macro economy, index trends, and sector allocation. Most brokerage reports paint a cautiously optimistic economic outlook for 2024, with the recovery driving a recovery in corporate earningsa**The overall opportunity outweighs the risk.
4.Emerging markets performed well, and the public offering actively deployed QDII products.
*: China ** Daily.
Recently, emerging markets such as India and Vietnam have performed well, and QDII has become a popular product of the company. Market participants said that in recent years, QDII product design has shown a trend of segmentation. Investors can invest in QDII** as part of their asset allocation. However, overseas markets, especially emerging markets, are characterized by high volatility, and investors need to be aware of possible risks.
Macro-political, economic, and social hot spots
1.During his investigation in Yunnan, Wang Huning stressed that we should adhere to the main line of forging the sense of community of the Chinese nation and the direction of the sinicization of religion in our country, and do a good job in ethnic and religious work with a high sense of responsibility and mission.
*:Xinhua.
Wang Huning, member of the Standing Committee of the Political Bureau of the Communist Party of China and chairman of the National Committee of the Chinese People's Political Consultative Conference, conducted research in Yunnan from December 17 to 19. He said that ethnic and religious work is a major task that must be done well in the party's governance of the country, and it is necessary to conscientiously study and implement the important ideas of the general secretary on strengthening and improving ethnic work and important expositions on religious work, adhere to the main line of forging the sense of community of the Chinese nation and the direction of the sinicization of religion in our country, do a good job in ethnic and religious work with a high sense of responsibility and mission, and promote ethnic unity, religious harmony, and social stability.
2.** Fiscal Emergency Issued 2200 million yuan of agricultural disaster prevention and mitigation and water conservancy disaster relief funds to support Gansu and Qinghai disaster areas to do a good job in agricultural and water conservancy disaster relief.
*:Treasury.
For the night of December 18, Gansu Province occurred 6Level 2**, causing damage to agricultural facilities greenhouses, livestock and poultry enclosures, and water conservancy facilities in some areas of Gansu and Qinghai, on December 19, the Ministry of Finance, together with the Ministry of Agriculture and Rural Affairs, and the Ministry of Water Resources, urgently issued 2200 million yuan to support the two provinces to do a good job in disaster relief work related to the restoration of agricultural production facilities and greenhouses, animal husbandry and aquaculture enclosures, and water conservancy engineering facilities.
3.The Ministry of Transport and the Ministry of Finance urgently issued 30 million yuan to support Gansu and Qinghai to do a good job in emergency access to disaster highways.
*:Xinhua.
On December 20, it was learned from the Ministry of Transport that the Ministry of Finance and the Ministry of Transport urgently issued 30 million yuan of highway emergency funds in Gansu and Qinghai provinces on the 20th to support the two provinces to do a good job in Jishishan 6Level 2 ** disaster highway emergency rush work.
4.Ministry of Commerce: The seventh meeting of the China-New Zealand Free Trade Area Joint Committee was held.
*:Commerce.
On December 19, the 7th meeting of the China-New Zealand FTA Joint Committee was held online. The two sides comprehensively reviewed and reviewed the implementation of the China-Singapore FTA in the fields of goods, technical barriers, services, movement of natural persons, investment, and e-commerce, and positively appraised the important role played by the agreement in enhancing the scale of bilateral investment and promoting the development of bilateral economic and trade relations, and exchanged views on promoting recognition and cooperation in the field of standards. The two sides also discussed the negotiation of the negative list of services, and prepared for the next stage of the official launch of the negotiations on the negative list of services.
5.Guiding Opinions of 12 Departments including the Ministry of Commerce on Accelerating the Digital Empowerment of Life Services.
*:Commerce.
The life service industry is an important area to promote consumption, benefit people's livelihood and stabilize employment. In order to promote the integration of the digital economy and the real economy, promote the high-quality development of the life service industry through digital empowerment, and help form a strong domestic market, with the consent of the first government, the guiding opinions on accelerating the digital empowerment of life services are hereby put forward.
6.The person in charge of the Department of Trade in Services of the Ministry of Commerce interprets the "Guiding Opinions of 12 Departments including the Ministry of Commerce on Accelerating the Digital Empowerment of Life Services".
*:Commerce.
With the approval of ***, the Ministry of Commerce and 12 other departments jointly issued the "Guiding Opinions on Accelerating the Digital Empowerment of Life Services" on December 19, 2023, to guide the digital transformation and upgrading of the life service industry and achieve high-quality development. Recently, the person in charge of the Department of Trade in Services of the Ministry of Commerce interpreted the "Opinions".
7.The State Administration for Market Regulation has vigorously carried out credit restoration to boost the high-quality development of China's economy.
*: State Administration for Market Regulation.
In recent years, the State Administration for Market Regulation has taken adhering to high-quality development as the last word in the new era, actively innovating systems and mechanisms, vigorously carrying out credit restoration of business entities, helping business entities improve their credit level and market competitiveness, and making every effort to promote the high-quality development of China's economy.
Content support: Zhongke Huizhi (Beijing) information consultation***