Xinhua Financial Morning Post December 14

Mondo Social Updated on 2024-01-29

[Focus on].

In 2023, 126 new drugs will be released into the National Medical Insurance Drug Catalog.

Vice Minister of the Ministry of Housing and Urban-Rural Development: Establish a full life cycle management mechanism for housing from development and construction to maintenance and use.

In the first 11 months of 2023, the national railway sent 35 passengers600 million person-times, a year-on-year increase of 126%.

Shanghai Stock Exchange: Further promote the high-quality development of the ETF market with total volume increase and structural optimization.

In the first 11 months of 2023, the import and export value of Shanghai port to Vietnam exceeded 300 billion yuan.

The United Nations Climate Change Conference reached the "UAE Consensus".

The Fed kept the target range for federal** interest rates unchanged.

[Domestic news].

On December 13, the 2023 National Medical Insurance Drug Catalogue was released in Beijing, and a total of 126 drugs were added to the National Medical Insurance Drug Catalogue for this adjustment, and 1 drug was transferred out of the catalogue, with an average decrease of 61 for drugs that were successfully negotiated or bidd7%。The total number of drugs in the new version of the medical insurance drug catalogue has reached 3,088, including 1,698 Western medicines and 1,390 Chinese patent medicinesThere are still 892 kinds of Chinese medicine decoction pieces. Huang Xinyu, director of the Department of Pharmaceutical Service Management of the National Health Insurance Administration, introduced that a total of 143 drugs outside the catalogue participated in the negotiation or bidding, of which 121 drugs were successfully negotiated or bidd, with a negotiation success rate of 846%。Both the success rate and the ** drop are about the same as in 2022.

On December 13, at the 2023-2024 China Economic Annual Meeting held at the China Center for International Economic ExchangesDong Jianguo, Vice Minister of the Ministry of Housing and Urban-Rural Development, said that it is necessary to speed up the construction of a new model of real estate development and solve the problem of real estate development. In terms of system and mechanism, it is necessary to determine the demand for housing according to population changes, scientifically arrange land, allocate financial resources, and realize the determination of housing by people, land by housing, and money by housing, so as to prevent the market from fluctuating. Establish a full life cycle management mechanism for housing from development and construction to maintenance and use, and form a long-term mechanism for housing safety.

On December 13, data released by the People's Bank of China showed that in November, RMB loans increased by 109 trillion yuan;The increase in the scale of social finance is 245 trillion yuan, 455.6 billion yuan more than the same period last year;Broad money (M2) balances increased by 10% year-on-year at the end of the month. In the first 11 months, RMB loans increased by 2158 trillion yuan, an increase of 1 year-on-year55 trillion yuan;The cumulative increase in the scale of social finance was 3365 trillion yuan, 2 more than the same period last year79 trillion yuan;At the end of the month, the stock of social finance scale was 37639 trillion yuan, a year-on-year increase of 94%。

On 13 December, the China Meteorological Administration (CMA) and the Macao Special Administrative Region (MSAR)** signed the "Long-term Cooperation Arrangement on Meteorological Science and Technology between the Mainland and the Macao Special Administrative Region", under which the two sides will further deepen and promote the coordinated development of meteorological departments in Macao and the Mainland, work together to enhance meteorological monitoring, forecasting and early warning capabilities, contribute meteorological strength to the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, and ensure the high-quality economic and social development of the Mainland and the Macao Special Administrative Region, as well as the safety of people's lives and property.

According to the data of China Railway GroupFrom January to November, the railway passenger flow continued to grow, and the national railway sent a total of 35 passengers600 million passengers, a year-on-year increase of 126%, single-day passenger dispatch, ticket sales and other passenger indicators hit a record high, railway transportation is safe, stable and orderly.

According to data from the China Academy of Information and Communications Technology, in October, mobile phone shipments in the domestic market were 2,91620,000 units, a year-on-year increase of 197%, of which, 5G mobile phones 264350,000 units, a year-on-year increase of 355%, accounting for 90% of mobile phone shipments in the same period6%。

According to the State Administration for Market Regulation, Hyundai Motor (China) Investment has filed a recall plan with the State Administration for Market Regulation in accordance with the requirements of the Regulations on the Administration of Recall of Defective Automobile Products and the Implementation Measures of the Regulations on the Recall of Defective Automobile Products. The company has decided to recall a total of 8,284 imported Kia Barui vehicles manufactured between July 3, 2008 and May 29, 2013 from January 8, 2024.

Wang Jianguo, Vice Premier of the Innovative Products Department of the Shanghai ** Exchange, said that with the continuous enhancement of the effectiveness of A-shares, the gradual popularization of the concept of asset allocation, and the continuous increase of long-term funds in ETFs, indexed investment is expected to usher in a more vigorous development period, and it is necessary to further promote the high-quality development of the ETF market to achieve total volume improvement and structural optimization.

Shanghai Customs sources saidIn the first 11 months of 2023, the import and export of Shanghai port to Vietnam was 304.8 billion yuan, a year-on-year increase of 0.6%, of which imports are 126 billion yuan and exports are 178.8 billion yuan. Since 2023, Shanghai Customs has issued a certificate of origin for exports to Vietnam320,000 copies, involving 133 export goods500 million yuan, a year-on-year increase of 176% and 24%。

[International News].

The 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) concluded in Dubai, United Arab Emirates on the 13th. The conference reached the "UAE Consensus" on a number of topics such as the first global stocktake of the Paris Agreement, mitigation, adaptation, finance, loss and damage, and a just transition. During the conference, all parties agreed on important issues such as the launch of loss and damage**, and achieved breakthroughs in the framework of the global adaptation goals and the work programme on the just transition pathway.

Federal Reserve Chairman Jerome Powell said on the 13th that if the economy develops as scheduled, the appropriate level of the federal ** interest rate by the end of 2024 will be 46%。The Federal Reserve ended its two-day monetary policy meeting on the same dayAnnounced the maintenance of the target range for the federal interest rate at 525% to 55%.。Speaking at a press conference after the meeting, Powell said that the federal interest rate "may be at or near the peak of the current tightening cycle," but given the various surprises that the U.S. economy has encountered since the pandemic, the committee is still unable to ensure that the economy is moving toward the 2% inflation target.

The Federal Reserve released the latest economic outlook expectations on the 13thThe U.S. economy is expected to grow by 26%, up 05 percentage points. However, economic growth expectations for 2024 have fallen to 14%, down 01 percentage point. The U.S. unemployment rate will come to 3 this year8%, the same as before**. The unemployment rate next year will be 41%, also the same as before**.

On December 13, local timeThe Organisation for Economic Co-operation and Development (OECD) issued a communiqué saying that in October 2023, the unemployment rate in OECD member countries remained generally stable at 49%。The report said that since July 2022, the unemployment rate in the organization's member countries has remained below 5%. In October 2023, monthly unemployment rates rose in 14 OECD countries, with nine remaining unchanged and the other 10 declining. The number of unemployed in the organization's member countries rose to 33.4 million in October, the highest level in 2023.

The U.S. MBA mortgage application activity index for the week of December 8 was 74% vs. 28%。

The German Institute for Economic Research (IW) released a report on the 13th local time, ** Germany's GDP may decline by 0 in 20245% will be the second year in a row that the German economy will fall into recession after this year. The German Institute for Economic Research believes that in 2024, the world's largest amount may only grow slightly, the geopolitics in Europe will continue to be turbulent, the monetary policy in the euro area will still be tight, and the budget crisis in Germany will limit the relief measures, and these unfavorable factors will drag the German economy down further.

The UK's Payment Systems Regulator (PSR) on Wednesday provisionally proposed to cap cross-border interchange fees charged by Mastercard and Visa for transactions between the UK and the European single market. Under the proposal, the PSR would set 0. for UK-EEA debit card transactions and credit card transactions2% and 03% initial time-limited cap. After further analysis, a persistent cap will be implemented.

U.S. mortgage rates fell for the fourth week in a row, driving growth in home purchase applications and refinancing applications. According to data released by the Mortgage Bankers Association (MBA), the contract rate for 30-year fixed-rate mortgages** was 10 basis points to 7 in the week ended Dec. 807%, the lowest since July. This drove the MBA Refinance Index up 194%, the largest increase since the beginning of the year.

U.S. producers** (PPI) recorded 0% m/m in November, with the market expecting a 01%。Core PPI, which excludes food and energy, was also flat, with the market expecting a 02%。The annual rate of PPI recorded 09% and core PPI at an annual rate of 2%.

On the 12th local time, the latest data released by Statistics Canada showed that the output of maple syrup in 2023 will be 47.4 million liters, a year-on-year decrease of about 40%, which is the lowest point since 2018. Statistics Canada blamed the drop in production on severe storms in the eastern part of the country during the year and large fluctuations in temperatures.

[List of domestic and foreign markets].

[Announcement of Listed Companies].

Economic Data and Dynamics (Beijing Time).

Editor: Wang Zhe.

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