Original title: Central inspection team stationed in the China Securities Regulatory Commission and other financial institutions and many tire companies issued price increases notices | Finance 6:00 pm
economic news
Central inspection team stationed in 25 financial institutions including the China Securities Regulatory Commission
According to CCTV reports, with the approval of the Party Central Committee, the eighth round of the 19th Central Committee will conduct regular inspections of party organizations in 25 financial institutions, including the People’s Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission. A few days ago, the Sixth Central Inspection Team entered the China Securities Regulatory Commission.
my country’s exports in September far exceeded expectations
According to data released by the General Administration of Customs on Wednesday, in U.S. dollars, China’s exports in September increased by 28.1% year-on-year, 2.5 percentage points higher than the previous month; imports increased by 17.6% year-on-year, and the growth rate narrowed by 15.5 percentage points from the previous month. Prior to the release of the data, the average forecast of the 8 agencies collected by the interface news showed that in September, exports increased by 22.9% year-on-year, and imports increased by 17.4% year-on-year. Analysts pointed out that up to now, the supply chains of European and American countries have not yet fully normalized. With the advent of holidays such as Halloween and Christmas, the gap in overseas production and demand will continue to support my country’s exports.
A number of tire companies issued price increases notices
According to Tire Business Report, on October 11, Triangle Tire Co., Ltd. issued a price increase notice, starting from October 21, the price of commercial vehicle tire products will be increased by 2-3%. On the same day, Giti Tire (China) Investment Co., Ltd. again issued a price increase notice. Starting from October 21, the fares of Giti brand products for passenger cars in the Chinese replacement market will be increased by 3-5%. This is Giti’s second price increase notice recently. The first price increase notice is for commercial vehicle tire products. Sumitomo Rubber (China) Co., Ltd. informed that starting from October, the price of some Dunlop truck and bus tires will be adjusted by 3%.
The amount of coal stored in Northeast power plants has increased compared to before the National Day
According to Xinhua Finance News, Liu Shaowei, head of the State-owned Assets Supervision and Administration Commission of the State Council, said on Wednesday that on October 11, the coal storage of the Northeast Power Plant of the central enterprises increased by 28% compared with September 27, and the average available days of coal inventory increased by 44. %.
IMF lowers global economic growth forecast in 2021
The International Monetary Fund (IMF) recently lowered its global economic growth forecast for 2021 from 6% in July to 5.9%, and maintained the global growth forecast for 2022 at 4.9%. The IMF stated in the latest issue of the Global Economic Outlook that continued supply chain disruption and inflation are dragging the global economy’s recovery from the new crown epidemic.
Shanghai Stock Exchange intends to launch products Unicom Exchange and Interbank Bond Market
According to CBN News, Liu Ti, deputy general manager of the Shanghai Stock Exchange, said at the “Shanghai Global Asset Management Summit Forum” on Wednesday that the Shanghai Stock Exchange is connecting with the inter-bank market and launching a product that can be purchased from the Shanghai Stock Exchange and the inter-bank market. Of bonds.
The steel industry will implement staggered production during the heating season in the Beijing-Tianjin-Hebei region
The Ministry of Industry and Information Technology and the Ministry of Ecology and Environment issued a notice on launching the staggered production of the steel industry in the heating season of 2021-2022 in Beijing-Tianjin-Hebei and surrounding areas on Wednesday. The notice requires that from November 15, 2021 to December 31, 2021, to ensure the completion of the target task of reducing crude steel production in the region. From January 1, 2022 to March 15, 2022, the goal is to reduce the increase in air pollutant emissions during the heating season. In principle, the ratio of peak-to-peak production of iron and steel enterprises in relevant regions shall not be lower than that of crude steel output in the same period of the previous year. 30%.
Financial opinion
Obviously: There is room for loose margins in current real estate financing
The chief analyst of fixed income at CITIC Securities clearly believes that there are three main reasons to show that there is room for marginal easing in current real estate financing. One is to prevent the risk of real estate companies from exposing too quickly. The recent breach of contract by some real estate companies may cause financial market turmoil and affect the stability of people’s livelihood. Therefore, it is necessary to adopt appropriate policy guidance to help some companies to smoothly pass the more difficult stage of development. Second, there is still room for bank loan supply. “According to our statistical sample of listed banks, the proportion of real estate loans and personal housing loans of most banks has been reduced to within the regulatory requirements. It is expected that there will be some room for adjustment in the future.” He said. Third, stable growth requires the cooperation of the real estate market.
Lin Boqiang: The opening of coal-fired electricity tariffs is the largest electricity tariff reform in history
Lin Boqiang, a distinguished professor of Xiamen University School of Management, dean of the China Energy Policy Research Institute, and director of the Center for Collaborative Innovation of Energy Economics and Energy Policy, said in an interview with Jiemian News that the opening of coal-fired feed-in tariffs is the largest electricity tariff reform in history. “The biggest step is to limit the use of high-energy-consuming electricity. After all, high-energy-consuming and heavy industries now account for about 40%-50% of China’s electricity. This is a very large proportion. Increase the electricity consumption of high-energy-consuming enterprises Costs will effectively promote the transformation of the industry to low energy consumption.” He said that in addition, this reform will completely push the supply-side coal power to the market, which is also a relatively large reform.
Financial data
September RMB loans increased by 232.7 billion yuan year-on-year
The People’s Bank of China released data on Wednesday that in September, RMB loans increased by 1.66 trillion yuan, a year-on-year increase of 232.7 billion yuan; the increase in social financing was 2.9 trillion yuan, 567.5 billion yuan less than the same period last year and compared with the same period in 2019. An increase of 387.6 billion yuan; the balance of broad money (M2) was 234.28 trillion yuan, a year-on-year increase of 8.3%.
The electricity consumption of the whole society increased by 6.8% year-on-year in September
According to data released by the National Energy Administration on Wednesday, my country’s economy continued to recover steadily in September, and the electricity consumption of the whole society continued to grow, reaching 694.7 billion kilowatt-hours, a year-on-year increase of 6.8% and an average growth rate of 7.4% in two years. From January to September, the total electricity consumption of the whole society was 6165.1 billion kwh, a year-on-year increase of 12.9%.
The Shanghai stock index closed up 0.42%, the yuan rose 113 points against the dollar
At the close of the stock market, the Shanghai Composite Index reported 3,561.76 points, up 0.42%, the Shenzhen Component Index reported 14,353.08 points, up 1.54%, and the Band Index reported 3210.16 points, up 2.29%. On the disk, the education, beverages, and automobile sectors led the rise, while the oil and gas mining, coal, and power sectors led the decline. In the foreign exchange market, the onshore renminbi against the US dollar closed at 6.4452, an increase of 113 basis points from the previous trading day, and the central parity of the RMB against the US dollar was reported at 6.4612, a decrease of 165 points from the previous trading day.
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