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Promoting the internationalization of the RMB and the security of foreign exchange reserves: Pan Gongsheng’s report

by Chief editor of world-today-news.com October 21, 2023
written by Chief editor of world-today-news.com

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19:15[Pan Gongsheng, Governor of the People’s Bank of China: Promote the internationalization of the RMB in a steady and orderly manner and maintain the security and scale stability of foreign exchange reserve assets]On October 21, entrusted by the State Council, Pan Gongsheng, Governor of the People’s Bank of China, spoke at the 14th National People’s Congress The State Council’s report on financial work was delivered at the sixth meeting of the Standing Committee of the National Congress. He reported on the financial work situation since the fourth quarter of 2022.

Pan Gongsheng said that the level of institutional openness of the financial industry should be improved. On the premise of safety and controllability, we should further improve the pre-establishment national treatment plus negative list management system, build a regulatory system that is consistent with the requirements of high-level financial opening up, and improve the ability to control high-level opening up. We will solidly advance the filing and management of overseas listings and improve the management of domestic securities and futures investment funds of overseas institutional investors. Promote the formation of a normalized and sustainable Sino-US audit cooperation mechanism. Deepen cooperation with the Hong Kong capital market. Study and launch a package of cross-border trade and investment facilitation policies, and further promote trade and foreign exchange facilitation and other policy measures. Promote the internationalization of the RMB in a steady and orderly manner, build an early warning and prevention system for overseas investment risks, and maintain the security and scale stability of foreign exchange reserve assets. Adhere to the principle of multilateralism, actively participate in international financial cooperation and governance, and promote the development of global financial governance in a more fair and reasonable direction.

2023-10-21 11:15:00
#Pan #Gongsheng #Governor #Peoples #Bank #China #Promote #internationalization #RMB #steady #orderly #manner #maintain #security #scale #stability #foreign #exchange #reserve #assets

October 21, 2023 0 comments
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Business

Record High Production, Sales, and Exports in September, With New Energy Vehicles Leading the Growth

by Chief editor of world-today-news.com October 11, 2023
written by Chief editor of world-today-news.com

Production and sales in September hit a record high for the same period in history, and exports of new energy vehicles increased by over 90%!Overseas business revenue of many car companies increased significantly year-on-year

On the afternoon of October 11, the China Association of Automobile Manufacturers’ information conference was held in Beijing. In September, automobile production and sales hit a record high for the same period in history, and new energy vehicles and automobile exports continued to perform well. Specifically, automobile production and sales in September were 2.85 million and 2.858 million respectively. Both production and sales hit a record high for the same period in history, with month-on-month growth of 10.7% and year-on-year growth of 6.6% and 9.5% respectively. In September, my country’s automobile exports were 444,000 units, a month-on-month increase of 9% and a year-on-year increase of 47.7%.

Statistics show that there are 16 A-share listed companies in the new energy vehicle sector, and 7 of them announced their overseas business revenue in their 2023 semi-annual reports. Compared with the same period last year, there was a significant increase, with an average growth rate of 93.43%. Among them, Zhongtong Bus, JAC Motors, and Great Wall Motors had the highest year-on-year growth in overseas business revenue, all exceeding 100%. Judging from the proportion of overseas business income, the overseas business income of the seven listed companies generally accounts for a relatively high proportion, and the proportion of five of them is more than 20%, including Zhongtong Bus, King Long Motor, JAC, Great Wall Motor, and BYD. (Data treasure)

2023-10-11 12:39:00
#Production #sales #September #hit #record #high #period #history #exports #energy #vehicles #increased #90Overseas #business #revenue #car #companies #increased #significantly #yearonyear

October 11, 2023 0 comments
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Business

New Round of State-owned Enterprise Reform and Release of Strategic Emerging Industry Fund

by Chief editor of world-today-news.com September 25, 2023
written by Chief editor of world-today-news.com

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07:09[Details of a new round of state-owned enterprise reform have been released, and the strategic emerging industry fund for state-owned enterprises is about to be released]From September 22 to 23, the 6th China Enterprise Forum was held in Jinan. A new round of actions to deepen and improve the reform of state-owned enterprises has begun. The relevant person in charge of the Reform Office of the State-owned Assets Supervision and Administration Commission of the State Council further introduced several key tasks of the new round of actions to deepen the reform of state-owned enterprises in a parallel forum with the theme of “New Journey of Reform”, respectively. These include: giving full play to the role of scientific and technological innovation to promote self-reliance and self-reliance in high-level science and technology; giving full play to the leading role of industry to promote the construction of a modern industrial system; giving full play to the role of security support and striving to maintain national strategic security; building modern new state-owned enterprises and truly operating according to market-oriented mechanisms; improving supervision Effectiveness, continuously improve the state-owned assets supervision system focusing on capital management; strengthen party leadership and party building to better provide political guarantee for the reform and development of state-owned enterprises. On the afternoon of the 23rd, Mo Dewang, deputy secretary, director and general manager of the Party Committee of China Guoxin Holdings, introduced at a parallel forum with the theme of “Accelerating the Strategic Emerging Industries” that under the support and guidance of the State-owned Assets Supervision and Administration Commission, China Guoxin is Actively prepare for the establishment of a strategic emerging industry development fund for central enterprises. It has received investment intention support from more than 20 central enterprises, local governments and related social capital, and will complete preparations and start operations within the year. (Shanghai Securities News)

2023-09-24 23:09:00
#Details #stateowned #enterprise #reform #released #strategic #emerging #industry #fund #stateowned #enterprises #released

September 25, 2023 0 comments
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Japan’s Atomic Energy Regulatory Commission Resumes Review of Tsuruga Nuclear Power Plant Restart
World

Japan’s Atomic Energy Regulatory Commission Resumes Review of Tsuruga Nuclear Power Plant Restart

by Chief editor of world-today-news.com September 22, 2023
written by Chief editor of world-today-news.com

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19:52[Japan’s Atomic Energy Regulatory Commission officially resumed its review of the restart of Tsuruga Nuclear Power Plant Unit 2]According to Japan’s “Asahi Shimbun” report on September 22, local time, the Japan Atomic Energy Regulatory Commission officially resumed its review of the Tsuruga Nuclear Power Plant Unit 2 of the Japan Atomic Energy Power Company that day. Review of the restart of unit No. 1 and a review meeting was held. Previously, the Japan Atomic Energy Regulatory Commission had twice suspended its review of the restart of the nuclear power plant due to a series of errors in the review documents submitted by Japan Atomic Power Corporation. The main issue in the review of the restart of Unit 2 of the Tsuruga Nuclear Power Plant is whether the fault directly under the building is an active fault. Active faults refer to faults that are continuously active today, or faults that have been active in human history or recent geological periods and are likely to be active again in the near future. They are the main risk source of destructive earthquakes. Japan Atomic Energy Corporation has always denied the existence of active faults, but during the review process, the Japan Atomic Energy Regulatory Commission found that there were errors and data tampering in its submitted documents. (CCTV News)

#Japans #Atomic #Energy #Regulatory #Commission #officially #resumes #review #restart #Tsuruga #Nuclear #Power #Plant #Unit
2023-09-22 11:52:00

September 22, 2023 0 comments
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Business

Latest News: Moutai Group Officially Ends Development of “+Moutai” Peripheral Products

by Chief editor of world-today-news.com September 16, 2023
written by Chief editor of world-today-news.com

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20:38[After the launch of Moutai liquor-filled chocolate, Moutai Group announced that the development of “+Moutai” peripheral products has come to an end]On the afternoon of September 16, the liquor-filled chocolate product jointly launched by Moutai and Dove – “Mao Xiaoling liquor-filled chocolate” was released The meeting will be held in Xingyi City, Qianxinan Prefecture, Guizhou Province. Ding Xiongjun, Secretary of the Party Committee and Chairman of Moutai Group, mentioned at the press conference that day that as a traditional Chinese brand enterprise, if Moutai wants to stay young forever and enhance the vitality of the enterprise, it must embrace the younger generation of the “Z era”. At present, Moutai has completed the product matrix ecological layout of “drinking, eating, tasting, drinking and taking”, that is, drinking Moutai liquor, eating Moutai banquets, tasting Moutai ice cream, drinking sauce-flavored latte, and liqueur-filled chocolate. At this point, the development of “+Moutai” peripheral products will also come to an end. (The Paper)

2023-09-16 12:38:00
#launch #Moutai #liquorfilled #chocolate #Moutai #Group #announced #development #Moutai #peripheral #products

September 16, 2023 0 comments
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Business

Record High Gold Futures Price, Central Bank Increase, and Concept Stocks Capital Increase: July 2023 Update

by Chief editor of world-today-news.com July 19, 2023
written by Chief editor of world-today-news.com

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20:16[The price of gold futures hit a record high, the central bank has increased its position for 8 consecutive months, and 9 concept stocks have been increased by capital from the north]On July 19, the main contract of Shanghai gold futures opened higher and moved higher, with the highest intraday quotation of 463.18 yuan /g, setting a record for the highest intraday price of the contract since its listing in 2008, closing up 1.54%, and quoting at 462.48 yuan/g. Silver futures rose at the same time. The main contract of Shanghai silver futures closed up 1.79%.

The rise in gold prices may be related to the continued increase in holdings of central banks in many countries. According to data released by the State Administration of Foreign Exchange, gold reserves in my country’s official reserve assets have increased since November last year, and have increased for eight consecutive months. million ounces, an increase of 8.48%. Overseas, according to the latest survey data released by the World Gold Council, except for some countries such as Turkey and Germany, global central banks continued to buy gold in May this year.

According to the statistics of Databao, since July, a total of 9 precious metal concept stocks have received funds from the north to increase their positions. Calculated by the average transaction price of the interval, the increased holdings of Zijin Mining, Shandong Gold, and Intime Gold were 544 million yuan, 292 million yuan, and 234 million yuan, respectively.

In terms of performance, in the first half of this year, the price of gold worldwide fluctuated greatly, and the performance of precious metal companies may be affected. At present, a total of 7 concept stocks have announced their performance forecasts or semi-annual reports for the first half of 2023. Only Shandong Gold and Intime Gold’s net profit attributable to their parents has increased year-on-year, and Jingui Silver has reduced losses year-on-year. (data treasure)

2023-07-19 12:16:00
#price #gold #futures #hit #record #high #central #bank #increased #positions #consecutive #months #concept #stocks #increased #funds #Beijing

July 19, 2023 0 comments
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