Xinhua Financial Morning Post January 11

Mondo Social Updated on 2024-02-01

[Focus on].

He Lifeng, member of the Political Bureau of the Communist Party of China and vice premier: continue to deepen the reform of the capital market and two-way opening-up.

In the second half of 2023, ESG** issuance came to a near standstill.

The SEC approved the listing of 11 spot Bitcoin ETFs.

[Domestic news].

He Lifeng, member of the Political Bureau of the Communist Party of China and vice premier, pointed out when he met with members of the International Advisory Committee of the China Securities Regulatory Commission in Beijing on the evening of the 10thChina will continue to deepen capital market reform and two-way opening-up, enhance the convenience of cross-border investment and financing, and attract more foreign financial institutions and long-term capital to do business in China.

Recently, the People's Bank of China Institute of Finance held an expert seminar on relevant issues in the financial field, and Lu Lei, member of the Party Committee and vice president of the People's Bank of China, pointed out that People's Bank of China has always attached great importance to theoretical research work, paid attention to giving full play to the wisdom of experts and scholars, and sincerely hoped that the experts attending the meeting would speak their minds freelyEstablish a modern first-class banking system, build a scientific and stable financial regulation and control system, deepen the structural reform of the financial supply side, coordinate financial openness and security, and steadily expand the institutional opening of the financial sector and other related issuesOffer insights.

It was learned from the Ministry of Emergency Management that the Office of the National Disaster Prevention, Mitigation and Relief Committee and the Ministry of Emergency Management have recently sent a number of working groups to 17 key provinces such as Hebei, Heilongjiang, Jilin, and Shanxi, especiallyAreas where ** and low-temperature rain, snow and ice disasters have occurred recentlyField investigation and understanding of the restoration and reconstruction of damaged houses in the disaster area, the transitional resettlement of the affected people, and the winter heating guarantee.

According to Morningstar data,In the second half of 2023, ESG ** issuance has almost come to a standstill, with only 6 launches. In comparison, the average annual circulation from 2020 to 2022 was close to 100, and in the first half of 2023 it was 55. The broad ESG market** generally outperformed the traditional in 2019, 2020 and 2021, but declined in 2022 and 2023.

Issued by the General Office of the Shanghai Municipal People's GovernmentSeveral Measures to Further Promote the High-quality Development of Shanghai's Equity Investment Industry32 measures were put forward from 9 aspects, including optimizing the establishment of equity investment institutions and industry management, guiding early investment and small investment in science and technology, and supporting the development of enterprise venture capital.

On January 10, Chengdu High-tech Zone signed an investment cooperation agreement with BOE Technology Group Co., Ltd., which will be built in ChengduThe first in the country and the second in the world, Article 86th generation AMOLED display device production lineWith a total investment of 63 billion yuan.

Dalian Commodity Exchange issued a market risk warning announcement on the 10thAt present, the fiberboard 2402 contract is approaching the delivery month, and there is a greater risk for individual customers to participate. According to the monitoring of the fiberboard 2402 contract, DCE is investigating the trading behavior of some accounts; "Zero tolerance" will be adhered to in market supervision.

[International News].

The U.S. ** Exchange Commission (SEC) has approved the listing and trading of spot bitcoin ETFs through an expedited mode on January 10 local time. Approved spot Bitcoin ETF issuers include Grayscale, Bitwise, Hashdex, iShares, Valkyrie, Ark 21Shares, Invesco Galaxy, Vaneck, Wisdomtre, Fidelity, and Franklin.

SEC Chairman Gensler said that while it approved the listing and trading of some Bitcoin spot ETFs, it did not approve or endorse Bitcoin. Bitcoin is a speculative, volatile asset. The approval of a Bitcoin spot ETF will bring more regulation. Crypto exchanges are also not recognized, and most are evading U.S.** regulations.

The Mortgage Bankers Association (MBA) benchmark for mortgage home purchases rose 56%, and the overall index of MBA mortgage applications, which includes home purchases and refinancing, increased by 99%, the largest increase in nearly a year; The contract rate for a 30-year fixed-rate mortgage rose 5 basis points to 681%, for the second consecutive week**.

The ECB vice president said that the eurozone may be in recession. The data showed that economic activity slowed in the third quarter of 2023, contracting by 01%, the indicator indicates that the economy will also contract in December, which confirms the possibility of a technical recession in the second half of 2023.

ECB Governing Council member de COS said that there is still a risk that the economic growth rate of the euro area will be biased to the downside; The downward pace of inflation will slow in 2024; The Eurozone economy may have stagnated in the fourth quarter of 2023; Inflation conditions are progressing better than expected; The ECB needs to avoid under- and over-tightening conditions.

According to data from the French National Statistics Office, France's industrial output increased by 05% vs. 0% consensus. This marks the first increase in output since last summer, following months of declines. The growth drivers are mainly from the energy sector and capital goods.

According to the January data released by Conab, a national commodity company under the Brazilian Ministry of Agriculture, Brazil's corn production in 2023-24 is estimated at 11,76040,000 tons, a decrease of 92 from the previous month50,000 tons; Brazil's soybean production in 2023-24 is estimated to reach 1552693 billion tons, an increase of 65 percent year-on-year980,000 tons, a decrease of 490 from the previous month's estimate790,000 tons.

[List of domestic and foreign markets].

[Announcement of listed companies].

Economic Data and Dynamics (Beijing Time).

Editor: Wang Chunxia.

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