Important news guide
1. Major current events
1.** The Military Commission held a ceremony for promotion to the rank of general ** issued a letter of order and congratulated the officers who were promoted.
2.Li Qiang attended the Fourth Lancang-Mekong Cooperation Leaders' Meeting.
Second, implement the spirit of the first financial work conference
1.Department of Laws and Regulations of the State Administration of Financial Supervision: Improve the capital supervision system and help comprehensively strengthen financial supervision.
2.Improve the quality and efficiency of financial services through digitalization.
3.Mutual support between science and technology and technology is the core connotation of science and technology finance.
3. Earthquake relief in the banking industry
1.All the staff of the Gansu Branch of the Export-Import Bank of China enthusiastically donated money to support the Jishishan ** disaster area.
2.Rapid Response Bank of China has made every effort to provide financial services for earthquake relief.
3.Guangzhou Branch of Minsheng Bank donated cold-proof materials to support the ** disaster area in Gansu.
4.Xiamen International Bank and Mindu Chen Kah Kee Charity Association donated 1 million yuan to the disaster area in Gansu.
Fourth, the bank's news
1.The second meeting of the Fourth Standing Committee of the Consumer Rights Protection Committee of the China Banking Association was successfully held in Shanghai.
2.A number of national joint-stock banks have lowered their interest rates on RMB deposits today.
3.Export-Import Bank: The European Investment Bank (EIB) re-lending project was launched.
4.Bank of China: Provide a full range of comprehensive financial services for Shanghai.
5.China CITIC Bank launched its first digital capital account business.
6.Hengfeng Bank was granted a capital instrument of RMB15 billion.
7.Helping the high-quality development of the real economy with high-level financial supply Zheshang Bank's financial services upgrade to create a new ecology of "good book finance".
5. Insurance news
1.The deposit interest rate of the major state-owned banks has been lowered again, and what are the joys and worries of the insurance industry?
2.The insurance industry has given birth to new opportunities in the midst of ups and downs.
Sixth, ** ** ** Capital market news
1.The Shenzhen Stock Exchange has held 4 symposiums for listed companies in a row to seek practical results and support listed companies to become better and stronger.
2.The first benchmark market-making treasury bond ETF on the Shanghai Stock Exchange was listed.
3.The strength of war investment has been strengthened, and the IPO project of the Beijing Stock Exchange has a "thick foundation".
7. Macroeconomic, economic, and social hot spots
1.The seventh meeting of the Standing Committee of the 14th National People's Congress was held in Beijing to deliberate on the draft amendment to the Organic Law, the draft amendment to the Company Law, and the draft amendment to the Charity Law.
2.National Development and Reform Commission: Seminar on Profound Study and Practice Interpretation of Economic Thought (Winter) was held in Beijing.
3.The National Development and Reform Commission (NDRC) has issued a three-year action plan for building a world-class business environment in the Guangdong-Hong Kong-Macao Greater
4.The Industry Department of the National Development and Reform Commission went to Sinopec for research and discussion.
5.The Ministry of Finance and the Ministry of Emergency Management once again allocated 400 million yuan in natural disaster relief funds to support the earthquake relief work in Gansu and Qinghai.
6.Consolidate and strengthen the upward trend of the industrial economy - the relevant person in charge of the Ministry of Industry and Information Technology talked about the implementation of the spirit of the first economic work conference.
Major current events
1.** The Military Commission held a ceremony for promotion to the rank of general ** issued a letter of order and congratulated the officers who were promoted.
*:Xinhua.
* The ceremony of promotion to the rank of general by the Central Military Commission was held on December 25 at the Bayi Building in Beijing. **Chairman of the Military Commission*** attended the promotion ceremony.
2.Li Qiang attended the Fourth Lancang-Mekong Cooperation Leaders' Meeting.
*:Xinhua.
On the afternoon of December 25, Premier Li Qiang attended the Fourth Lancang-Mekong Cooperation Leaders' Meeting at the Ziguang Pavilion in Zhongnanhai. Li Qiang and Myanmar leader Min Aung Hlaing co-chaired the meeting, which was attended by Cambodian Prime Minister Hun Manet, Lao Prime Minister Song Sai, Thai Prime Minister Saitha, and Vietnamese Prime Minister Pham Minh Chinh.
Implement the spirit of the first financial work conference
1.Department of Laws and Regulations of the State Administration of Financial Supervision: Improve the capital supervision system and help comprehensively strengthen financial supervision.
*: State Administration of Financial Supervision and Administration.
The 2023 ** Financial Work Conference has made comprehensive arrangements for the current and future financial work. **The important speech of the general secretary scientifically answered a series of major theoretical and practical questions on the development of the financial industry, and provided a fundamental guide and action guide for promoting the high-quality development of finance in the new era and new journey. The meeting stressed the need to comprehensively strengthen financial supervision, effectively prevent and resolve financial risks, and earnestly improve the effectiveness of financial supervision. In order to implement the spirit of the first financial work conference and comprehensively strengthen financial supervision, the State Administration of Financial Supervision and Administration issued the Measures for the Management of Capital of Commercial Banks on October 26, 2023, to further improve the capital supervision rules of commercial banks, promote banks to strengthen risk management, and improve the quality and efficiency of serving the real economy.
2.Improve the quality and efficiency of financial services through digitalization.
*:Economy**.
* The Financial Work Conference proposed that the banking industry should actively promote digital transformation and do a good job in five major articles: science and technology finance, green finance, inclusive finance, pension finance, and digital finance. Digital transformation can improve the quality and efficiency of banking services and promote high-quality development. The banking industry needs to integrate data resources, build platform scenarios, serve the real economy, participate in social governance, resolve financial risks, and clarify the specific path of digital transformation. Strengthen top-level design and overall planning, expand digital application scenarios, continue to optimize digital financial services, and promote the deep integration of the digital economy and the real economy.
3.Mutual support between science and technology and technology is the core connotation of science and technology finance.
*: Shanghai ** Daily.
* For the first time, the Financial Work Conference put forward the goal of "building a financial power", and put forward "five major articles on science and technology finance, green finance, inclusive finance, pension finance and digital finance", which pointed out the direction for the development of China's capital market. In terms of science and technology finance, science and technology involve many fields, while finance involves foreign exchange, bonds, ** and other fields. Technology drives exports and foreign exchange transactions through the support of the industry and industry, which in turn drives the internationalization of currencies. Technology promotes the marketing and profit improvement of enterprises, thereby driving the market value of listed companies to increase, and by helping technology companies to go public and issue additional issuance, it provides R&D support for technology companies, and also provides exit channels for various types of equity, so as to continue to support unlisted technology companies. Therefore, the mutual support of science and technology is the core connotation of science and technology finance.
Earthquake relief in the banking sector
1.All the staff of the Gansu Branch of the Export-Import Bank of China enthusiastically donated money to support the Jishishan ** disaster area.
*: CNR.
At 23:59 on December 18, 6Level 2**, the depth of the epicenter is 10 km, **causing significant personnel**. In the past few days, the safety and well-being of the people in the disaster area has affected the hearts of all the staff of the Gansu branch of the Export-Import Bank of China. When one side is in trouble, all sides support. As a branch of a policy bank in Gansu, the branch actively responded to the call of the local government, issued an initiative to all employees of the branch, mobilized cadres and employees to carry forward the traditional virtue of the Chinese nation of "one party is in trouble, all parties support", extended a helping hand, and donated money to the people in the disaster area. All the staff of the bank responded positively, and the leading cadres took the lead in donating, and donated more than 50,000 yuan in less than half a day, with an average donation of nearly 1,000 yuan per person. In the next step, the bank will continue to pay attention to the situation in the disaster area, take the initiative to ask enterprises in need, strengthen financial services, help the people in the disaster area tide over the difficulties, demonstrate the responsibility of policy bank employees with practical actions, and interpret the feelings of finance for the people.
2.Rapid Response Bank of China has made every effort to provide financial services for earthquake relief.
*:Xinhua.
On the evening of December 18, 6Level 2**, the disaster area is in urgent need of prefabricated houses, and an enterprise in Yongning County, Ningxia has received procurement needs. After learning of the company's funding gap, Bank of China Ningxia Branch quickly released 8 million yuan of guarantee funds to make every effort to provide financial services in the disaster area. At present, the required prefabricated houses have been loaded and transported to the disaster area. In the next step, Bank of China will continue to fulfill its responsibilities as a major state-owned bank, strive to meet the financial service needs of disaster-stricken areas and earthquake relief enterprises, and contribute to the safety of people's lives and property.
3.Guangzhou Branch of Minsheng Bank donated cold-proof materials to support the ** disaster area in Gansu.
*: China Economic Net.
On December 18, 6Level 2**, the disaster affects the hearts of compatriots across the country, and all localities are quickly involved in supporting disaster relief operations in the earthquake area. The Guangzhou Branch of Minsheng Bank launched the fundraising activity of "People's Livelihood Benefiting I - Warm You, Light Me Up", and donated cold-proof clothes, tents, sleeping bags and other materials to the disaster area in Jishishan County, Linxia Prefecture, Gansu Province. In addition to this activity, the Guangzhou Branch of Minsheng Bank also carried out targeted assistance, and established characteristic support models such as party building assistance, financial assistance, and consumption assistance with many places.
4.Xiamen International Bank and Mindu Chen Kah Kee Charity Association donated 1 million yuan to the disaster area in Gansu.
*: People's Daily Online.
At 23:59 on December 18, 6Level 2**. After learning about the low temperature in the disaster area and the urgent need for cold materials, Xiamen International Bank responded positively and joined hands with the Mindu Chen Jiageng Public Welfare Association to donate 1 million yuan to the Gansu disaster area on December 25 to urgently allocate support to the Gansu disaster area. The donation includes earthquake relief materials worth 200,000 yuan and 800,000 yuan donated to the Linxia Hui Autonomous Prefecture Charity Association for the purchase of emergency relief materials and post-disaster reconstruction. In the future, Xiamen International Bank will continue to pay attention to the progress of disaster relief and provide help and services to the people in the disaster area within its capacity.
Banking News
1.The second meeting of the Fourth Standing Committee of the Consumer Rights Protection Committee of the China Banking Association was successfully held in Shanghai.
*: China Banking Association.
On December 20, the second meeting of the Fourth Standing Committee of the Consumer Rights Protection Committee of the China Banking Association was held in Shanghai. Zhou Gengqiang, Deputy Secretary-General of China Banking Association, attended the meeting and delivered a speech. Zhao Peilai, representative of the director unit of the Consumer Protection Committee and deputy director of the Consumer Rights Protection Office of Bank of China, presided over the meeting. More than 40 members of the Standing Committee of the Consumer Protection Committee attended the meeting.
2.A number of national joint-stock banks have lowered their interest rates on RMB deposits today.
*: National Business Daily.
Following the six major commercial banks, a number of national joint-stock banks announced that they will reduce the listed interest rates on RMB deposits from December 25. At present, 12 national joint-stock banks have lowered the listed interest rates of RMB deposits. Due to the differences in deposit pricing strategies and asset-liability management of each bank, the magnitude of this interest rate adjustment is also slightly different. Most joint-stock banks have reduced their interest rates by 10 basis points on one-year time deposits, 20 basis points on two-year time deposits, and 25 basis points on three- and five-year time deposits.
3.Export-Import Bank: The European Investment Bank (EIB) re-lending project was launched.
*: China Financial News Network.
Recently, the Export-Import Bank of China and Sichuan Branch cooperated to successfully promote the signing of the EIB Guangyuan City Relending Project, which is the first successful EIB relending project in China. It is reported that the re-loan funds will be used to support the construction of Guangyuan's intelligent information management platform, the renewal and transformation of the water supply pipe network, and the optimization and upgrading of township sewage treatment facilities, and learn from the international experience of the European Investment Bank to improve the environmental, social and financial sustainability of project participants. The implementation of the project will provide strong support for the construction of the local water treatment field and the high-quality economic and social development, and has good economic and social benefits and international influence. In the next step, the Export-Import Bank of China will further leverage the joint advantages of policy-oriented finance and international financial institutions, and take practical actions to contribute to expanding high-level opening-up, promoting green and low-carbon economic transformation, and accelerating the cultivation of new drivers of foreign trade.
4.Bank of China: Provide a full range of comprehensive financial services for Shanghai.
*: China Financial News Network.
Recently, Bank of China signed a strategic cooperation agreement with Shanghai People** in Shanghai. According to the agreement, Bank of China will strengthen comprehensive strategic cooperation with Shanghai in the implementation of major national strategies, service expansion of domestic demand and supply-side structural reform, assistance in the construction of "five centers", strengthening the supply of financial resources, deepening financial innovation, and strengthening cooperation in people's livelihood financial practice, so as to give full play to the advantages of globalization and provide Shanghai with comprehensive, diversified and convenient comprehensive financial services.
5.China CITIC Bank launched its first digital capital account business.
*: China Banking and Insurance News.
On December 20, the new capital account digitalization policy was officially implemented, and China CITIC Bank launched its first capital account digitalization business to facilitate cross-border investment and financing through digital financial services. This is the result of the People's Bank of China and the State Administration of Foreign Exchange guiding eligible banks to handle the digital business of capital account by reviewing electronic documents online. The "Capital Treasure" product launched by China CITIC Bank can realize the full online handling of capital account disbursement, saving enterprises time at the counter, and making business more convenient and compliant. On the morning of December 20, the Guangzhou branch of China CITIC Bank handled the country's first capital project digital business for a general aviation aircraft enterprise in Dongguan.
6.Hengfeng Bank was granted a capital instrument of RMB15 billion.
*: China Banking and Insurance News.
A few days ago, the official website of the State Administration of Financial Supervision showed that it agreed that Hengfeng Bank would issue capital instruments of no more than 15 billion yuan. Hengfeng Bank may independently decide the specific instrument variety, issuance time, batch and scale within the approved quota, and complete the issuance within 24 months after approval. At present, Hengfeng Bank has a total of 3 capital instruments, all of which are non-fixed-term capital bonds (perpetual bonds), with an existing scale of 28 billion yuan, including: perpetual bonds issued in November 2020 of 15 billion yuan, with a coupon rate of 495%；The perpetual bonds issued in July 2021 are 8 billion yuan, and the coupon rate is 475%；The perpetual bonds issued in May 2022 are 5 billion yuan, and the coupon rate is 455%。
7.Helping the high-quality development of the real economy with high-level financial supply Zheshang Bank's financial services upgrade to create a new ecology of "good book finance".
*: China Financial News Network.
Recently, Zheshang Bank held a series of activities to implement the spirit of the first financial work conference and practice good finance, launched 15 measures to benefit enterprises and people, established the country's first charity capital public welfare alliance, and released innovative exploration and practical results such as the full-picture service plan for science and technology enterprises. Zheshang Bank helps the high-quality development of the real economy through high-level financial supply, reshapes the financial value positioning, and renews the function of financial services. At the same time, Zheshang Bank reduced the financing cost of enterprises, revitalized financial stock resources, and released a newly created "Shanrong" asset pool brand, focusing on the production, operation and management scenarios of enterprises. In addition, Zheshang Bank, together with Zheshang Jinhui Trust, initiated the establishment of the "Charity Capital Public Welfare Alliance" to promote entrepreneurs' in-depth participation in social governance and cultural inheritance. The alliance will implement the Rare Capital Trust Project, focusing on the three major scenarios of the enterprise's own industrial ecology, the entrepreneur's birthplace and the location of the enterprise, to create two types of charity projects: traditional people's livelihood protection and social governance innovation.
Insurance News
1.The deposit interest rate of the major state-owned banks has been lowered again, and what are the joys and worries of the insurance industry?
*:*Net. Recently, major state-owned banks cut deposit interest rates for the third time this year. In the circle of friends, this news quickly swiped the screen, especially insurance practitioners have ** and interpreted. The impact of the reduction in deposit rates is manifold. For the insurance industry, industry insiders believe that the short-term will objectively benefit the sales of savings insurance products, and at the same time, it will also have an impact on the investment income of insurance funds, and the proportion of insurance deposits may be further reduced. In the long run, if interest rates continue to fall, there will be room for insurance pricing rates to be lowered in the future.
2.The insurance industry has given birth to new opportunities in the midst of ups and downs.
*:*Net. Looking back at 2023 for the insurance industry, it can be summed up in two words: ups and downs, and new opportunities. On the one hand, due to the superposition of macroeconomic growth, financial market fluctuations, regulatory policy changes, in-depth transformation of the industry and other factors, the performance of the liability side and the investment side of the insurance industry has fluctuated significantly. On the other hand, with the successive implementation of a series of policies and the continuous deepening of industry transformation, the momentum to promote the positive development of the insurance industry is also accumulating.
** ** ** Capital market news
1.The Shenzhen Stock Exchange has held 4 symposiums for listed companies in a row to seek practical results and support listed companies to become better and stronger.
*: Shanghai ** Daily.
According to the Shenzhen Stock Exchange released on December 25, recently, the Shenzhen Stock Exchange has held a series of 4 symposiums, inviting representatives of green and low-carbon, advanced manufacturing, digital economy and newly listed companies after the reform of the registration system to discuss industry trends, share characteristic highlights, common problems, and talk about demands and suggestions. This series of symposiums is an important measure for the Shenzhen Stock Exchange to implement the spirit of the first economic work conference and the first financial work conference, aiming to gain an in-depth understanding of the industrial development of key areas, help enterprises solve problems and difficulties in production and operation, and further promote the high-quality development of listed companies.
2.The first benchmark market-making treasury bond ETF on the Shanghai Stock Exchange was listed.
*: Shanghai ** Daily.
The first benchmark market-making treasury bond ETF on the Shanghai Stock Exchange, ChinaAMC SSE Benchmark Market-making Treasury Bond ETF (511100), was listed on December 25. As the first supporting product of the bond market-making system, ChinaAMC SSE benchmark market-making treasury bond ETF has an issuance scale of 2 billion yuan, attracting the participation of various types of investors such as bank self-management, securities company self-management, and private equity**.
3.The strength of war investment has been strengthened, and the IPO project of the Beijing Stock Exchange has a "thick foundation".
*: China ** Daily.
According to incomplete statistics, since 2023, the Beijing Stock Exchange has completed the issuance of 77 IPO projects, and a total of 473 (including repeated) strategic investors have participated in the placement, corresponding to a total placement amount of 362.2 billion yuan, accounting for 24 of the total funds raised in the initial offering of 77 projects96%, and the participation intensity increased by about 5 percentage points compared with 2022. With the deepening of the "19 deep reforms", the Beijing Stock Exchange ushered in the enthusiasm of the first funds to participate in the strategic placement in late October. Recently, it was learned that senior individual investors plan to join relevant parties to participate in the strategic placement of the IPO of the Beijing Stock Exchange.
Macro-political, economic, and social hot spots
1.The seventh meeting of the Standing Committee of the 14th National People's Congress was held in Beijing to deliberate on the draft amendment to the Organic Law, the draft amendment to the Company Law, and the draft amendment to the Charity Law.
*:Xinhua.
The Seventh Session of the Standing Committee of the 14th National People's Congress (NPC) held its first plenary session at the Great Hall of the People in Beijing on the morning of 25 December. Chairman Zhao Leji presided over the meeting. The meeting listened to a report by Shen Chunyao, vice chairman of the Constitution and Law Committee of the National People's Congress, on the revision of the draft revision of the Organic Law. The second review draft of the draft has been revised and improved in accordance with the deliberation opinions of the Standing Committee and the opinions of various parties. The Constitution and Law Committee recommended that after deliberation at this Standing Committee meeting, the Standing Committee decided to submit the revised draft to the Second Session of the 14 th National People's Congress for deliberation.
2.National Development and Reform Commission: Seminar on Profound Study and Practice Interpretation of Economic Thought (Winter) was held in Beijing.
*: National Development and Reform Commission.
In order to thoroughly study and implement the spirit of the ** Economic Work Conference, on December 20, 2023, the ** Economic Thought Research Center held the "Seminar on Deepening Study and Practice to Explain *** Economic Thought" in Beijing, with the theme of "Learning and Implementing the Spirit of the ** Economic Work Conference to Promote the High-quality Development of China's Economy". Zheng Shajie, Secretary of the Party Leadership Group and Director of the National Development and Reform Commission, and Chairman of the Council of the Economic Thought Research Center, attended the meeting and delivered a speech, and Yang Yinkai, Deputy Director of the Office of the Financial and Economic Committee, delivered a keynote speech.
3.The National Development and Reform Commission (NDRC) has issued a three-year action plan for building a world-class business environment in the Guangdong-Hong Kong-Macao Greater
*: National Development and Reform Commission.
The Guangdong-Hong Kong-Macao Greater Bay Area is one of the regions with the highest degree of openness and the strongest economic vitality in China, and has an important strategic position in the overall development of the country. In order to implement the first-class decision-making and deployment, further deepen the cooperation between Guangdong, Hong Kong and Macao, create a market-oriented, law-based, international, first-class business environment, and enhance the level of market integration and international competitiveness of the Greater Bay Area, a three-year action plan for the construction of a world-class business environment in the Guangdong-Hong Kong-Macao Greater Bay Area is hereby formulated.
4.The Industry Department of the National Development and Reform Commission went to Sinopec for research and discussion.
*: National Development and Reform Commission.
Recently, the main responsible comrades of the Industry Department led a team to China Petroleum & Chemical Corporation for research and discussion. Sinopec gave a detailed introduction to the Group's development status, production and operation, key project construction, industrial structure adjustment and other aspects of the work that has been carried out and relevant considerations for future development. The Industry Department listened to Sinopec's opinions and suggestions on matters such as the safety, green and high-quality development of the industry, and hoped that Sinopec would fully demonstrate the responsibility of central enterprises, actively play a leading role in demonstration, accelerate the transformation and upgrading of energy conservation and carbon reduction, vigorously eliminate and withdraw from backward production capacity, and make every effort to promote the innovation and iterative upgrading of technology and equipment, so as to lead the transformation, upgrading and high-quality development of China's petrochemical industry.
5.The Ministry of Finance and the Ministry of Emergency Management once again allocated 400 million yuan in natural disaster relief funds to support the earthquake relief work in Gansu and Qinghai.
*: Ministry of Emergency Management.
In order to resolutely implement the spirit of the important instructions of the general secretary and the decision-making and deployment, on December 25, the Ministry of Finance and the Ministry of Emergency Management once again allocated 400 million yuan in natural disaster relief funds to support Gansu and Qinghai provinces to do a good job in Jishishan 6Level 2 ** disaster relief work, focusing on emergency relief for the affected people, transitional resettlement, bereavement of the victims, restoration and reconstruction of damaged housing, etc., to ensure that the affected people are properly resettled, have a place to live, have hot food to eat, and do not suffer from cold, so as to maintain social stability and people's peace in the disaster area.
6.Consolidate and strengthen the upward trend of the industrial economy - the relevant person in charge of the Ministry of Industry and Information Technology talked about the implementation of the spirit of the first economic work conference.
*:Xinhua.
The first economic work conference held a few days ago set the tone for the economic work in 2024, proposing to "insist on seeking progress while maintaining stability, promoting stability with progress, establishing first and then breaking", and listed "leading the construction of a modern industrial system with scientific and technological innovation" as the first of the nine key tasks, and put forward specific measures. How to consolidate and enhance the upward trend of the industrial economy, and how to promote the ...... of industrial innovation with scientific and technological innovationThe relevant person in charge of the Ministry of Industry and Information Technology was interviewed by Xinhua News Agency.
Content support: Zhongke Huizhi (Beijing) information consultation***