Important news guide
1. Major current events
1.**Foreign Affairs Work Conference Held in Beijing **Delivered an important speech.
2.The Chairman of the Military Commission signed an order promulgating the Regulations on the Transport and Delivery of the Army
Second, implement the spirit of the first financial work conference
1.Non-banking Department of the State Administration of Financial Regulation: Study and implement the spirit of the ** Financial Work Conference and promote the high-quality development of non-bank institutions.
2.The State Administration of Financial Supervision held a press conference on "Doing a Good Job in Five Major Articles and Serving the Real Economy with High Quality".
3. Regulatory news
The Monetary Policy Committee of the People's Bank of China held its regular meeting for the fourth quarter of 2023.
Fourth, the banking industry earthquake relief
Postal Savings Bank of China Linxia Prefecture Branch: Actively participate in post-disaster reconstruction to help enterprises resume work and production.
Fifth, the bank's news
1.The 2023 Four Seasons Lecture on Corporate Governance in the Banking Industry was successfully concluded.
2.Some small and medium-sized banks have raised deposit interest rates against the market, and their independent pricing ability needs to be improved.
3.China Development Bank: Combine the comprehensive strengthening of infrastructure construction with the five major articles.
4.ICBC: Continuously broaden the connotation and extension of green financial services.
5.PSBC lights up the 2024 "Better Life Season" and invites you to go to a better life together.
6.China Guangfa Bank found that the wonderful app was connected to the UnionPay QuickPass online payment platform.
7.Light up the starry sky of dreams Zhongyuan Bank has taken multiple measures to help economic development and improve people's livelihood at the same frequency.
8.The Beijing Banking Association released the country's first industry service standard for visually impaired consumers.
Sixth, insurance news
1.Ten departments: support insurance institutions to increase export credit insurance support for processing enterprises.
2.Internet property insurance or welcome new regulations to lower the entry threshold and grasp the retrospective management.
3.The annual business evaluation of insurance companies was released: 7 companies took A for 8 consecutive years, 12 companies were downgraded to C, and 23 companies were downgraded.
7. ** ** ** Capital Market News
1.To help enterprises directly debt financing, the SSE Credit Enhancement Industrial Bond Index Series will be released soon.
2.The scale shrank by more than two percent year-on-year, and the situation of the first "folding" improved significantly.
8. Macroeconomic, economic, and social hot spots
1.The State Council Information Office held a press conference on the construction of the Guangdong-Hong Kong-Macao Greater Bay Area.
2.The State Council Information Office held a regular briefing on the "Guiding Opinions on Promoting the High-quality Development of Disease Prevention and Control".
3.The State Council Information Office held a regular policy briefing on the "Regulations on the Supervision and Administration of Non-bank Payment Institutions".
4.The Department of Laws and Regulations of the National Development and Reform Commission organized an on-site meeting on the integration and sharing of the national public resource trading platform and the special governance of bidding and bidding.
5.The third report meeting of the series of reports on the economic situation of "comprehensively promoting Chinese-style modernization" was held in Beijing.
6.National Bureau of Statistics: Beijing-Tianjin-Hebei synergy is solid, and the regional development index has been further improved.
7.Kang Yi, director of the National Bureau of Statistics, stressed at the Fifth National Economic Census Office Directors' Work Conference that we should firmly guard the lifeline of data quality and go all out to do a good job in census registration.
Major current events
1.**Foreign Affairs Work Conference Held in Beijing **Delivered an important speech.
*:Xinhua.
*The Foreign Affairs Work Conference was held in Beijing on December 27-28. General Secretary of the Communist Party of China and Chairman of the Military Commission attended the meeting and delivered important speeches. Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang, Li Xi, members of the Standing Committee of the Political Bureau of the Communist Party of China, and Vice President Han Zheng attended the meeting.
2.The Chairman of the Military Commission signed an order promulgating the Regulations on the Transport and Delivery of the Army
*:Xinhua.
*Chairman of the Military Commission*** recently signed an order to promulgate the "Regulations on Military Transport and Delivery", which will come into force on January 1, 2024. The "Regulations" are guided by the thought of socialism with Chinese characteristics in the new era, thoroughly implement the idea of strengthening the army, thoroughly implement the military strategic guidelines of the new era, adapt to the new leadership and command system, clarify the interface of responsibilities, clarify the working relationship, standardize the operation mechanism, and provide legal guarantees, system compliance and practical paths for promoting the construction and development of transportation and delivery in the new era.
Implement the spirit of the first financial work conference
1.Non-banking Department of the State Administration of Financial Regulation: Study and implement the spirit of the ** Financial Work Conference and promote the high-quality development of non-bank institutions.
*: State Administration of Financial Supervision and Administration.
*The Financial Work Conference is an important meeting of milestone significance in the history of China's financial development. **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 Department of Supervision of Non-bank Institutions has thoroughly studied and comprehended, resolutely implemented it, continuously strengthened and improved supervision, and promoted the high-quality development of non-bank institutions.
2.The State Administration of Financial Supervision held a press conference on "Doing a Good Job in Five Major Articles and Serving the Real Economy with High Quality".
*: State Administration of Financial Supervision and Administration.
The State Administration of Financial Supervision held a press conference on "Doing a Good Job in Five Major Articles and Serving the Real Economy with High Quality".
Regulatory news
The Monetary Policy Committee of the People's Bank of China held its regular meeting for the fourth quarter of 2023.
*:People's Bank of China.
The regular meeting of the Monetary Policy Committee of the People's Bank of China for the fourth quarter of 2023 (the 103rd meeting in total) was held in Beijing on December 27. The meeting emphasized that it is necessary to take the thought of socialism with Chinese characteristics in the new era as the guide, fully implement the spirit of the 20th National Congress of the Communist Party of China, the first economic work conference and the first financial work conference, adhere to the general tone of seeking progress while maintaining stability, firmly grasp the primary task of high-quality development, solidly promote Chinese-style modernization, completely, accurately and comprehensively implement the new development concept, and accelerate the construction of a new development pattern.
Earthquake relief in the banking sector
Postal Savings Bank of China Linxia Prefecture Branch: Actively participate in post-disaster reconstruction to help enterprises resume work and production.
*:Xinhua.
*Production and life in the disaster area are recovering, and the Linxia Prefecture Branch of the Gansu Branch of the Postal Savings Bank of China provides efficient financial services to support the reconstruction, and provides high-quality financial services for the affected enterprises and people. As the first batch of local enterprises to resume work and production, Gansu Tuoqi Industrial Co., Ltd. received loan support from the Postal Savings Bank to help disaster relief. Linxia Prefecture Branch gives priority to providing financial support for ensuring supply and infrastructure, simplifying the process, improving the efficiency of approval, and providing measures such as deferral, non-repayment renewal of loans for disaster-stricken enterprises and individuals, so as to reduce the burden of reconstruction. The Postal Savings Bank said that it will tilt preferential policies and credit funds to give full play to financial effects and help post-disaster reconstruction. As of the 27th, a total of 34 loans of 708780,000 yuan.
Banking News
1.The 2023 Four Seasons Lecture on Corporate Governance in the Banking Industry was successfully concluded.
*: China Banking Association.
In order to thoroughly study, publicize and implement the spirit of the 20th National Congress of the Communist Party of China, and implement the decision-making and deployment of "improving the modern enterprise system with Chinese characteristics" and "promoting state-owned enterprises and financial enterprises to strengthen the party's leadership in improving corporate governance", under the guidance of the State Administration of Financial Supervision and Administration, the China Banking Association will innovatively open the Four Seasons Lecture Hall on Corporate Governance in the Banking Industry from 2023. A few days ago, the 2023 Four Seasons Lecture on Corporate Governance in the Banking Industry was successfully concluded, with a total of more than 2,800 banking financial institutions participating, which received extensive attention from inside and outside the industry, and the brand of self-discipline management of corporate governance in the banking industry was initially built.
2.Some small and medium-sized banks have raised deposit interest rates against the market, and their independent pricing ability needs to be improved.
*:* Times.com.
On the one hand, large state-owned banks and joint-stock banks have collectively lowered the interest rates on RMB listed deposits, and the reduction range is mostly 10 to 25 basis pointsOn the other hand, some rural commercial banks and village and township banks have raised deposit interest rates against the market. The former represents the beginning of a new wave of interest rate cuts, while the latter is only a temporary adjustment to attract depositors at the end of the year. In fact, in order to cope with the end of the year and the "good start" at the beginning of the year, small and medium-sized banks temporarily raised deposit interest rates as a regular behavior of "soliciting savings". A clearer trend is that it is imperative to reduce the cost of interest payments under the trend of narrowing interest rate spreads of commercial banks, declining loan interest rates, and the tendency of fixed-term and long-term deposits. However, it should not be ignored that the liberalization of interest rates has also put pressure on the operation and management of small and medium-sized banks with insufficient capital strength. Under the wave of interest rate liberalization, small and medium-sized banks should integrate the requirements of the self-discipline mechanism into their own interest rate pricing management system, and gradually improve their independent pricing capabilities under the new mechanism.
3.China Development Bank: Combine the comprehensive strengthening of infrastructure construction with the five major articles.
*: China Banking and Insurance News.
On December 28, the State Administration of Financial Supervision and Administration held a press conference in Beijing, at which Liu Peiyong, chief business officer and general manager of the business development department of China Development Bank, focused on the bank's implementation of the spirit of the first financial work conference and the first economic work conference, and combined the service to comprehensively strengthen infrastructure construction with the five major articles, increase investment in financial resources, improve the quality and efficiency of financial services, and help the development of the real economy.
4.ICBC: Continuously broaden the connotation and extension of green financial services.
*: China Banking and Insurance News.
On December 28, Li Duo, the main person in charge of the credit and investment management department of ICBC, said at a press conference held by the State Administration of Financial Supervision and Administration that the first financial work conference and the first economic work conference put forward higher requirements for the development of green finance. Ecological water, precise drip irrigation of green economy, comprehensive service to the construction of a beautiful China, and contribute to the construction of a modern society where man and nature coexist in harmony.
5.PSBC lights up the 2024 "Better Life Season" and invites you to go to a better life together.
*: CNR.
The end of the year is approaching, the peak consumption season has kicked off, and the Postal Savings Bank of China's 2024 "Beautiful Life Season" is coming as scheduled. The Postal Savings Bank has launched a variety of rights and interests activities across the country, continuing to benefit consumers, unleashing consumption vitality, and creating a more intimate and preferential consumption experience, so that customers can more truly feel the rich financial products and convenient customer service of the Postal Savings Bank, and help urban and rural residents start a better life in 2024.
6.China Guangfa Bank found that the wonderful app was connected to the UnionPay QuickPass online payment platform.
*:Xinhua.
On December 28, China UnionPay and China Guangfa Bank Credit Card Center jointly developed the Discover Wonderful App officially launched. So far, China Guangfa Bank has realized the dual APP of Discovery Wonderful and Mobile Banking to access the UnionPay QuickPass online payment platform. Through the integration of high-quality merchant resources and service scenarios, the two parties have further improved the security, convenience and coverage of mobile payment acceptance scenarios, and provided diversified high-quality financial convenience services for the majority of users. So far, 86 apps of 76 banks have been connected to the China UnionPay QuickPass online payment platform.
7.Light up the starry sky of dreams Zhongyuan Bank has taken multiple measures to help economic development and improve people's livelihood at the same frequency.
*: CNR.
The meeting of the Political Bureau of the Communist Party of China stressed that it is necessary to actively expand domestic demand, give full play to the basic role of consumption in driving economic growth, expand consumption by increasing residents' income, drive effective supply through terminal demand, and organically combine the implementation of the strategy of expanding domestic demand with the deepening of supply-side structural reform. In response to national policies, Zhongyuan Bank has launched diversified loan products to actively support the development of the real economy. Xie Xiaobiao, Retail Credit Department of Zhongyuan Bank, said in an interview: "The bank has launched some convenient and fast loan products, such as 'original e-loan' to meet the capital needs of individual customers in emergency renovation, consumption and other occasions. 'Perpetual loans' are used to meet customers' large-scale financing needs, serve small and micro enterprises to expand stores, invest or develop industries with local characteristics, and these products have an efficient application process and fast disbursement, providing customers with convenient financial support.
8.The Beijing Banking Association released the country's first industry service standard for visually impaired consumers.
*:* Times.com.
On December 28, under the guidance of the Beijing Supervision Bureau of the State Administration of Financial Supervision and Administration, the China Disabled Persons' Federation and the China Blind Association, the Beijing Banking Association issued the country's first industry service standard for visually impaired financial consumers in Beijing - "Service Standards for Visually Impaired Consumers in the Banking Industry in Beijing" for 31 Chinese-funded commercial banks and 7 credit card centers in Beijing.
Insurance News
1.Ten departments: support insurance institutions to increase export credit insurance support for processing enterprises.
*: Beijing Business Daily.
On December 28, the Ministry of Commerce and other 10 departments issued the "Opinions on Improving the Development Level of Processing", which mentioned that insurance institutions should be supported to increase export credit insurance support for processing enterprises, especially small and medium-sized enterprises. Support enterprises to purchase diversified insurance products, and improve the protection of insurance for the domestic sales of processing enterprises.
2.Internet property insurance or welcome new regulations to lower the entry threshold and grasp the retrospective management.
*:*Net. It is learned from the industry that recently, the State Administration of Financial Supervision and Administration issued the "Notice on Strengthening and Improving the Supervision of Internet Property Insurance Business (Revised Draft)" to property insurance companies and insurance intermediaries and solicited opinions. Compared with the previous consultation draft, the entry threshold for Internet property insurance has been lowered, but clear requirements have been put forward for retrospective management. Industry insiders believe that Internet insurance is an important path for the development of inclusive insurance, and standardized supervision will promote the better development of the industry.
3.The annual business evaluation of insurance companies was released: 7 companies took A for 8 consecutive years, 12 companies were downgraded to C, and 23 companies were downgraded.
*: Finance Associated Press.
Recently, the Insurance Association disclosed the results of the 2022 annual evaluation of the operation of insurance companies, involving a total of 157 insurance companies. Among them, there are 78 property insurance companies, 23 in Class A, 49 in Class B, and 6 in Class CThere are 79 life insurance companies, 18 in Class A, 55 in Class B and 6 in Class C. It has been observed that in the results of the evaluation of the operation of the legal entity of the insurance company, there has been no Class D institution for two consecutive years. Overall, in the 2022 annual business evaluation, 23 insurance companies were downgraded (14 life insurance companies and 9 property insurance companies). Among them, 3 life insurance companies and 4 property insurance companies even fell from Class B to Class C. It is worth mentioning that since 2015, when the evaluation of the operation of insurance companies was launched, seven insurance companies have been rated as Class A companies for eight consecutive years. Among them, 3 family members are in danger;4 property and casualty insurance companies.
** ** ** Capital market news
1.To help enterprises directly debt financing, the SSE Credit Enhancement Industrial Bond Index Series will be released soon.
*: Interface News.
On December 28, the Shanghai ** Stock Exchange and China Securities Index Co., Ltd. announced the release arrangement of the SSE Credit Enhancement Industrial Bond Index Series, which contains 7 indexes, and selects industrial bonds with corresponding maturity, rating and guaranteed credit enhancement from the Shanghai Stock Exchange market as index samples to provide diversified investment and analysis tools for the market.
2.The scale shrank by more than two percent year-on-year, and the situation of the first "folding" improved significantly.
*: Beijing Business Daily.
According to public data, as of December 28, the scale of new ** issuance during the year was 115 trillion yuan, a year-on-year decrease of more than 22%. While the issuance of new ** decreased, there were no tens of billions of "explosive models" during the year. On the other hand, the number of managers with "no revenue" in 2023 has also increased compared with the same period in 2022, and many institutions have not even released new products for many years. However, judging from the situation of the new ** issuance of "folding", it has improved significantly compared with previous years. There is a view that this improvement is a positive signal, and the new ** situation in 2024 needs to consider a variety of factors, if the market environment is improved and investor confidence is restored, then the new ** market is also expected to pick up.
Macro-political, economic, and social hot spots
1.The State Council Information Office held a press conference on the construction of the Guangdong-Hong Kong-Macao Greater Bay Area.
*: State Council Information Office.
**The Press Office held a press conference at 10 a.m. on 28 December 2023 (Thursday), during which Guo Lanfeng, member of the Party Leadership Group of the National Development and Reform Commission, Zhang Hu, Member of the Standing Committee of the CPC Guangdong Provincial Committee and Executive Vice Governor of Guangdong Province, Chan Kwok-ki, Chief Secretary for Administration and Justice of the Hong Kong Special Administrative Region, Cheung Yong Chun, Secretary for Administration and Justice of the Macao Special Administrative Region, and Qin Weizhong, Deputy Secretary of the CPC Shenzhen Municipal Committee and Mayor of Shenzhen, introduced the development of the Guangdong-Hong Kong-Macao Greater Bay Area and answered questions from reporters.
2.The State Council Information Office held a regular briefing on the "Guiding Opinions on Promoting the High-quality Development of Disease Prevention and Control".
*: State Council Information Office.
**The Information Office held a regular policy briefing at 2 p.m. on December 28, 2023 (Thursday), at which Wang Hesheng, Deputy Director of the National Health Commission and Director of the National Bureau of Disease Control and Prevention, Zhuang Ning, Deputy Director of the Department of Physical Reform of the National Health Commission, Zhang Guoxin, Director of the Comprehensive Department of the National Bureau of Disease Control and Prevention, and Li Zhengmao, Director of the Department of Planning, Finance and Regulations of the National Bureau of Disease Control and Prevention, introduced the "Guiding Opinions on Promoting the High-quality Development of Disease Prevention and Control" and answered questions from reporters.
3.The State Council Information Office held a regular policy briefing on the "Regulations on the Supervision and Administration of Non-bank Payment Institutions".
*: State Council Information Office.
**The Press Office held a regular policy briefing at 4 p.m. on December 28, 2023 (Thursday), at which Zhang Qingsong, Deputy Governor of the People's Bank of China, and relevant responsible persons of the Ministry of Justice introduced the Regulations on the Supervision and Administration of Non-bank Payment Institutions and answered questions from reporters.
4.The Department of Laws and Regulations of the National Development and Reform Commission organized an on-site meeting on the integration and sharing of the national public resource trading platform and the special governance of bidding and bidding.
*: National Development and Reform Commission.
On December 27, 2023, the Department of Laws and Regulations of the National Development and Reform Commission organized an on-site meeting on the integration and sharing of the national public resource trading platform and the special governance of bidding and bidding in Jinan City, Shandong Province, to thoroughly study and implement the spirit of the first economic work conference, and fully implement the decision-making and deployment of deepening the integration and sharing of public resource trading platforms and the special governance of bidding and bidding, summarize and exchange practical experience and innovative achievements in promoting reform, study and analyze the outstanding problems, and clarify the next work objectives and key tasks.
5.The third report meeting of the series of reports on the economic situation of "comprehensively promoting Chinese-style modernization" was held in Beijing.
*:Xinhua.
On December 28, Lan Foan, secretary of the leading party group and minister of the Ministry of Finance, made a special report on "Implementing a Proactive Fiscal Policy to Provide Financial Guarantee for the Comprehensive Construction of a Modern Socialist Country". Lan Foan pointed out in the report that since the beginning of this year, in the face of the severe and complex situation, China's economy has withstood the pressure, stabilized the scale, and improved the quality, which fully confirms the correctness and foresight of the situation judgment and decision-making and deployment with Comrade Xi as the core, and fully proves the superb wisdom and skillful ability to control economic work in a complex and changeable situation.
6.National Bureau of Statistics: Beijing-Tianjin-Hebei synergy is solid, and the regional development index has been further improved.
*:Nbs.
The calculation results show that the Beijing-Tianjin-Hebei regional development index will reach 145 in 20220 (based on 2014), an increase of 5 from 20211。Among them, innovative development and green development are the main supporting forces and upward driving forces, with a sub-index of 1767 and 1651, an increase of 11 compared with 20216 and 77；Coordinated development and shared development were 1313 and 1328, improve 31 and 33。
7.Kang Yi, director of the National Bureau of Statistics, stressed at the Fifth National Economic Census Office Directors' Work Conference that we should firmly guard the lifeline of data quality and go all out to do a good job in census registration.
*:Nbs.
On December 26, the Fifth Working Conference of Directors of the National Economic Census Office was held in Beijing. Kang Yi, deputy head of the leading group of the Fifth National Economic Census, Secretary of the Party Leadership Group and Director of the National Bureau of Statistics, attended the meeting and delivered a speech, emphasizing the need to thoroughly implement the major decisions and arrangements of the Fifth National Economic Census, concentrate and work hard, and go all out to do a good job in the census registration. **Lin Tao, Director of the Office of the Leading Group for the Fifth National Economic Census, member of the Party Leadership Group and Deputy Director of the National Bureau of Statistics, reported on the progress of the Fifth National Economic Census and the next work arrangement. Xia Yuchun, chief engineer of the National Bureau of Statistics, and Liu Aihua, chief economist, attended the meeting.
Content support: Zhongke Huizhi (Beijing) information consultation***