yearsmonthdayThursday, lunar calendarJanuary 20Good morning!
Macro Frontier].
Li Qiang met with the American Chamber of Commerce delegation to China. Li Qiang pointed out that China and the United States are highly complementary in their economies, their interests are deeply integrated, and both sides benefit from each other's development, and strengthening economic and trade cooperation is a win-win situation for both countries. The two sides should be partners, not rivals. Engaging in various forms of "decoupling and breaking chains" and "small courtyards and high walls" is not in the fundamental interests of both sides, and will only cause huge losses to the enterprises, economies and even global development of the two countries. China is comprehensively promoting Chinese-style modernization with high-quality development, and will continue to unleash huge demand in advanced manufacturing, new urbanization, consumption structure upgrading, and green and low-carbon transformation. China will continue to strive to create a first-class business environment that is market-oriented, law-based and internationalized, and provide more support and convenience for foreign companies from the United States and other countries to invest and do business in China. It is hoped that the American Chamber of Commerce and entrepreneurs will continue to play a role as a bridge to promote more communication and mutual understanding between the two countries. (Xinhua News Agency).
Li Xi stressed at the national summary meeting on the education and rectification of the contingent of discipline inspection and supervision cadres that it is necessary to continuously consolidate and expand the achievements of education and rectification, and forge an absolutely loyal discipline inspection and supervision iron army with the spirit of self-revolution. The National Conference on the Education and Rectification of the Discipline Inspection and Supervision Cadre Team was held in Beijing on 28 July. The meeting conveyed and studied the important instructions of the general secretary on the summary report on the education and rectification of the national discipline inspection and supervision cadre team. Li Xi, member of the Standing Committee of the Political Bureau of the Communist Party of China and secretary of the Discipline Inspection Commission, attended the meeting and delivered a speech. He stressed that discipline inspection and supervision organs at all levels should adhere to the guidance of socialism with Chinese characteristics in the new era, conscientiously study and implement the spirit of the important instructions of the general secretary, firmly support the "two establishments" and resolutely achieve the "two maintenances", deeply summarize the experience of education rectification, consolidate and expand the achievements of education rectification, continue to strengthen the self-construction of discipline inspection and supervision organs, and promote the high-quality development of discipline inspection and supervision work in the new journey. (Xinhua News Agency).
The General Office of the Communist Party of China issued opinions on consolidating, expanding, studying and implementing the educational achievements of the theme of socialism with Chinese characteristics in the new era. The opinion pointed out that party spirit education should be strengthened. Strengthen the study and education of the Party Constitution, guide Party members and cadres to consciously study the Party Constitution, abide by the Party Constitution, implement the Party Constitution, maintain the Party Constitution, and consciously use the Party Constitution to regulate every word and deed. (Xinhua News Agency).
It was announced on the 28th that Li Hui, China's ** special representative for Eurasian affairs, will visit Russia, EU headquarters, Poland, Ukraine, Germany and France from March 2 to carry out the second round of shuttle diplomacy on promoting a political settlement of the Ukraine crisis. (SPC**).
National Development and Reform Commission and National Energy Administration: Encourage new energy enterprises to flexibly allocate new energy storage. Recently, the National Development and Reform Commission and the National Energy Administration jointly issued the "Guiding Opinions on Strengthening the Construction of Power Grid Peak Regulation Energy Storage and Intelligent Dispatching Capacity", which proposes to encourage new energy enterprises to flexibly configure new energy storage through self-construction, co-construction and leasing, and reasonably determine the scale of energy storage allocation in combination with system needs, so as to improve the level of new energy consumption and utilization, capacity support capacity and network-related safety performance. In addition, in terms of promoting the diversified and coordinated development of new energy storage technologies, it is also necessary to "focus on overcoming long-term energy storage technologies and solving the system regulation needs of the time scale above the day brought about by the large-scale grid connection of new energy". (Country***.)
National Development and Reform Commission:The National Development and Reform Commission and the People's Bank of China, together with member units of the Inter-Ministerial Joint Conference on the Establishment of the Social Credit System and other relevant departments, have compiled the "National Basic Catalog of Public Credit Information (2024 Edition)" and the "National Basic List of Punishment Measures for Untrustworthiness (2024 Edition)", so as to implement the decision-making and deployment on promoting the high-quality development of the social credit system, which are hereby issued for implementation. (Country***.)
The People's Bank of China and Shanghai Municipality held a working forum in Shanghai. On February 27, the People's Bank of China and Shanghai Municipality held a work forum in Shanghai to seriously study and implement the important expositions of the general secretary on financial work, discuss the construction plan of Shanghai as an international financial center, and jointly promote the implementation of key tasks of high-quality financial development, so as to better serve the national strategy and help build a financial power. Pan Gongsheng said that supporting Shanghai's high-quality development and the construction of the "five centers", especially the international financial center, is an important task for the People's Bank of China to implement the spirit of the series of important speeches made by the general secretary on financial work. The People's Bank of China will continue to vigorously support the construction of Shanghai as an international financial center and expand high-level financial opening-up. We will continue to deepen cross-border investment and financing facilitation measures, and support Shanghai in building a RMB financial asset allocation center. Strengthen the construction of the financial market infrastructure system, and enrich and develop the market for financial factors. Optimize and upgrade the functions of the Cross-border Payment System (CIPS) to broaden the coverage. (People's Bank of China**).
Ministry of Justice:On the 28th, the "Guiding Opinions on Further Regulating and Supervising the Setting and Implementation of Fines" recently issued by the People's Republic of China introduced that the "Opinions" emphasized three "must not" and two "strictly prohibited": It is not allowed to arbitrarily give a maximum fine or a high fine, it is not allowed to arbitrarily lower the threshold for the identification of illegal acts, and it is not allowed to arbitrarily expand the scope of illegal acts. It is strictly forbidden to impose fines for profit-seeking, and it is strictly forbidden to impose fines for illegal acts that have exceeded the statutory time limit for accountability. (People's ** client).
China Securities Regulatory Commission: Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, recently presided over a symposium on the construction of the rule of law in the capital market. Listen to opinions and suggestions on improving the basic system of the capital market and strengthening the protection of the rule of law. At the symposium, the participants spoke enthusiastically, and everyone believed that it is necessary to further improve the law enforcement and judicial system with Chinese characteristics, optimize the connection mechanism between executions, strengthen the efficient coordination of law enforcement and justice, increase the intensity of administrative, civil and criminal three-dimensional accountability, and comprehensively improve the efficiency of "zero tolerance" law enforcement. (China News Network).
National Health Commission: Track and judge the population situation, strengthen policy reserves, and vigorously develop inclusive childcare services. Yang Jinrui, deputy director of the Department of Population and Family of the National Health Commission, said that the first is to establish and improve the leadership and coordination mechanism, track and judge the population situation, strengthen policy reserves, strengthen work supervision and scheduling, and ensure the implementation of tasks. The second is to vigorously develop inclusive childcare services, increase the supply of childcare places, improve the quality of services, improve the childcare talent training system, and promote the healthy development of childcare services. The third is to publicize the decision-making and deployment of population work, publicize the good experience and good practices obtained in the construction of fertility support policy systems in various places, advocate a positive outlook on marriage and love, childbirth, and family, carry forward the excellent traditional Chinese culture, establish a mainstream orientation, and create a childbirth-friendly social atmosphere. (Sino-Singapore Jingwei).
[SocietyObserve
Ministry of Agriculture and Rural Affairs:On the 28th, it was reported that in 2023, the penetration rate of rural sanitary toilets in the country will exceed 73%, the rural domestic sewage treatment (control) rate will reach more than 40%, and the proportion of administrative villages where domestic waste will be collected, transported and treated will remain above 90%, and the living environment in rural areas in China will continue to improve. (Xinhuanet).
China Securities Regulatory Commission: Answering questions from reporters on the private placement of **DMA business. In the early stage, due to strategic reasons, private equity ** showed a partial net value drawdown in the process of market fluctuations, and **companies and private placements** took the initiative to strengthen risk prevention and control, and the risks were digested to a certain extent. According to the data of China Securities Inter-Agency System Shares, the scale of DMA business has declined steadily since the market opened after the Spring Festival, and the average daily trading volume accounts for about 3% of the total market turnover. The DMA business has steadily reduced leverage, which is conducive to the prevention and control of market risks and the stable and healthy operation of the market. In the next step, the China Securities Regulatory Commission will continue to strengthen the supervision and improve the system for DMA and other OTC derivatives business, guide the industry to control the scale and leverage of the business, severely crack down on violations of laws and regulations, and maintain the smooth operation of the market. (Xinhua News Agency).
National Health Commission:According to the introduction on the 28th, as of 2023, China's infant mortality rate will drop to 45. The under-5 mortality rate has dropped to 62. The maternal mortality rate dropped to 151.1 million, China's main health indicators are among the top of middle- and high-income countries. (CCTV).
HKSAR**: Financial Secretary Paul Chan Mo-po delivers the HKSAR** Budget for the 2024-2025 financial year. In terms of the property market, the Hong Kong Special Administrative Region (HKSAR)** has decided to abolish all demand-side management measures for residential properties with immediate effect, i.e. all residential property transactions are no longer subject to SSD, BSD and New Residential Stamp Duty. In this regard, Hong Kong has been working at full speed to implement a number of recommendations put forward by the Task Force on Enhancing Market Liquidity in October last year. In terms of RMB, the HKSAR** will make every effort to build an offshore RMB ecosystem. (Xinhua News Agency).
People**: Strengthen platform supervision to prevent "big data killing". The People's ** article pointed out that the essence of big data is the abuse of algorithms by operators. To truly solve this problem, in the final analysis, it is necessary to do a good job in the supervision of the platform. Personal information protection** regulates automated decision-making at the legal level, but the relevant provisions need to be further refined. It is necessary to come up with more effective supervision and restraint measures to promote the platform to effectively fulfill its responsibilities. Departments such as for internet information and market regulation should take the initiative to do a good job of relevant law enforcement investigations and punishments through methods such as carrying out special inspections. (People's Daily Online).
Jin Guanping: Enhance the ability of land to guarantee high-quality development. **The Committee for Comprehensively Deepening Reform recently held its fourth meeting, which deliberated and adopted important reform measures such as the "Opinions on Reforming the Land Management System and Enhancing the Ability to Guarantee High-quality Development in Advantageous Areas", which clearly requires the establishment and improvement of a land management system that is more efficiently connected with macro policies and regional development, improves the accuracy and utilization efficiency of land element allocation, promotes the formation of a spatial development pattern with effective main functional constraints and coordinated and orderly land development, and enhances the ability of land elements to guarantee high-quality development in advantageous areas. This meeting is of great significance for the redeployment of the reform of the land system. To this end, it is necessary to coordinate the regional economic layout and land space utilization, based on the functional positioning and resource endowment of various places, refine the land management policy unit, improve the level of resource development and utilization, and better play the demonstration and leading role of advantageous areas. At the same time, it is necessary to strictly implement the boundaries of land and space control, strictly abide by the three control lines of cultivated land and permanent basic farmland, ecological protection red lines, and urban development boundaries, and strengthen supervision during and after the event. It is necessary to study in depth some reform measures that are exploratory but are very urgent, and push forward them steadily and prudently. (Economic**).
[International News].
The United States and 10 other countries issued a statement saying that they had reached common principles on the development of 6G. On February 26, local time, the White House issued a joint statement from the United States, the United Kingdom, France, Japan, South Korea, Sweden, Finland, the Czech Republic, Canada, and Australia, saying that they had reached common principles for the research and development of 6G wireless communication systems, including "protecting the most reliable technology", "secure, resilient and privacy-protecting", "affordability, sustainability and global connectivity" and "spectrum and manufacturing". (CCTV news client).
European Commission President Ursula von der Leyen: Europe must be vigilant about the security situation. European Commission President Ursula von der Leyen: The EU needs to start building a security architecture. Europe must remain vigilant to the security situation. Threats to our security, prosperity and way of life come in many forms. European sovereignty will make our partnership stronger and will never affect the importance and necessity of the NATO alliance. By the end of 2025, the EU's ammunition production will roughly double to more than 2 million rounds per year. EU forces need to be rebuilt, replenished and modernized. (Phoenix.com).
The Council of the European Union approved 50 billion euros in aid for Ukraine. On February 28, local time, the Council of the European Union passed three legislative bills related to the revision of the EU's 2021-2027 medium-term budget, approving a package that includes 50 billion euros in aid for Ukraine.
Election Commission of Russia: The results of the election in Russia will be announced by March 28. On February 28, local time, Nikolai Blaev, deputy chairman of the Russian Election Commission, informed that the Russian Election Commission will announce the results of the Russian election by March 28. Official voting in Russia's ** elections will take place from March 15 to 17, with four candidates, including the incumbent ** Putin, running. (CCTV news client).
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