|Tuesday, February 6, 2024 |
no.1 The RRR cut landed for the first time this year
On February 5, the central bank official said that the deposit reserve ratio of financial institutions was lowered by 05 percentage points, releasing about 1 trillion yuan of long-term funds.
Comments:Some industry analysts said that the RRR cut is conducive to supporting the good start of the economy in the first quarter. Against the backdrop of uncertainties in the internal and external environment, the central bank chose to cut the RRR by 05 percentage points, releasing about 1 trillion yuan of medium and long-term liquidity, reflecting the monetary policy to continue to do a good job in counter-cyclical adjustment, consolidate the tone of economic recovery, and give the market a "reassurance".
no.2 The central bank carried out a 14-day reverse repurchase operation of 100 billion yuan
The central bank carried out a 14-day reverse repurchase operation of 100 billion yuan on the 5th, and the winning interest rate was 195%, the same as before. The data shows that 500 billion yuan of 7-day reverse repurchase expired on the same day.
Comments:The 100 billion yuan 14-day reverse repurchase operation carried out by the central bank shows the central bank's refined regulation and control of liquidity management, through which the supply and demand of market funds are balanced and the money market interest rate is stable.
no.3 Tian Huiyu, former president of China Merchants Bank, was sentenced to a suspended death sentence in the first instance
On February 5, 2024, the Intermediate People's Court of Changde City, Hunan Province, publicly pronounced the first-instance verdict on Tian Huiyu, former secretary of the Party committee and president of China Merchants Bank Co., Ltd., and personnel of state-owned companies for abuse of power, use of undisclosed information for trading, insider trading, and leakage of inside information, and sentenced the defendant Tian Huiyu to death with a two-year reprieve, deprivation of political rights for life, and confiscation of all personal property.
Comments:The news that Tian Huiyu, the former president of China Merchants Bank, was sentenced to a suspended death sentence in the first instance highlights the severe crackdown and zero-tolerance attitude of China's laws towards crimes in the financial sector.
no.4 Guangzhou: The employer's basic medical insurance contribution rate for employees is proposed to be reduced to 45%
The Guangzhou Municipal Medical Security Bureau publicly solicited opinions on the "Notice on Phased Reduction of the Payment Rate of Basic Medical Insurance for Employees (Draft for Comments)". The opinion proposes that the basic medical insurance payment rate for employees of employers (including all kinds of enterprises, individual industrial and commercial households insured in the form of units, various social organizations, private non-enterprise units, government agencies and institutions, etc.) will be reduced to 45%, and the contribution rate of basic medical insurance for employees with flexible employment has been reduced to 65%。
Comments:Guangzhou's plan to reduce the payment rate of basic medical insurance for employees in stages reflects the adjustment direction of the social security policy to reduce the burden on enterprises and support employment stability. Reducing the payment rate can reduce taxes and burdens for enterprises and enhance the vitality of market entities.
National Business Daily.