Original title: PPI year-on-year increase hits a record high
economic news
PPI’s year-on-year increase hit a record high
According to data released by the National Bureau of Statistics on Wednesday, in September, my country’s factory prices for industrial products (PPI) rose by 10.7% year-on-year, an increase of 1.2 percentage points from August, a record high since the National Bureau of Statistics released the data in October 1996. In September, the consumer price index (CPI) rose by 0.7% year-on-year, and the increase was 0.1 percentage point lower than in August.
China Banking and Insurance Regulatory Commission regulates the behavior of major shareholders of bancassurance institutions
The China Banking and Insurance Regulatory Commission’s website on Wednesday released the “Measures for the Supervision of the Conduct of Major Shareholders in Bancassurance Institutions (for Trial Implementation)”, which clearly prohibits major shareholders from improperly interfering in the normal operations of bancassurance institutions, using the name of licensed institutions for improper publicity, entrusting others or accepting entrusted participation by others Shareholders’ meeting, using equity to provide guarantees for the debts of non-related parties, etc.
The governor of the central bank says China’s inflation is generally moderate
According to the People’s Bank of China’s website, the Governor of the People’s Bank of China, Yi Gang, attended the meeting of finance ministers and central bank governors of the Group of Twenty (G20) through a video connection on October 13. Flexible, precise, reasonable and appropriate to support high-quality economic development.
Shenzhen will speed up the formulation of special measures to relax market access
Shenzhen Mayor Qin Weizhong said at a press conference held by the State Council Information Office on Wednesday that with the strong support of relevant state ministries and commissions and Guangdong Province, Shenzhen will actively promote the construction of a national business environment innovation pilot city, and accelerate the formulation of special measures to relax market access. List, launch more new reform measures, strive to rank Shenzhen among the world‘s advanced cities by 2025, and strive to become the best place for global innovation, entrepreneurship, and investment development.
People’s Daily “Rolling” Futu and Tiger Securities poses risks in terms of user information security
China’s brokerage stocks fell pre-market, while Futu Holdings and Tiger Securities fell 4% pre-market. Previously, according to People’s Daily Online, both Futu Holdings and Tiger Securities have completed listings in the United States. Under the background that the Personal Information Protection Act clarifies the rules for cross-border provision of personal information, the issue of personal information outbound by mainland citizens may become the provision of U.S. stocks. , Hong Kong stocks and other major global market stock trading services Internet brokers will face new challenges.
Zhejiang comprehensively rectifies virtual currency mining and trading behavior
Netcom Zhejiang released news on Wednesday that Zhejiang Province has recently launched a joint special rectification operation to comprehensively crack down on the use of public resources to participate in virtual currency mining and trading. In early September, the provincial party committee and the provincial government made special arrangements to rectify and use public resources to participate in virtual currency mining and trading activities, targeting those who use public resources from party and government agencies, state-owned enterprises, institutions, and scientific research institutions to participate in “mining” Conduct special rectification work across the province.
Financial opinion
Wen Bin: Macroeconomic policies need to be further strengthened due to the imbalanced internal and external economic recovery
In September, China’s PPI growth rate reached 10.7% year-on-year, a record high. At the same time, the scissors gap between CPI and PPI was also widening. Wen Bin, chief researcher of China Minsheng Bank, wrote that the current impact of inflation on monetary policy is still limited, but as the imbalances and imbalances in the internal and external economic recovery increase, the risks will increase accordingly. He believes that macroeconomic policies should be well adjusted across cycles, strengthen the coordination of policies in different departments, ease the tight supply of coal and electricity, and further help market entities such as small and medium-sized enterprises to cope with the impact of rising raw material prices, and increase the impact on boosting effective demand and Stabilize the support for economic growth, and be prepared to deal with various risks.
Chen Yanbin and Liu Zhexi: Population aging will push up macro leverage and debt risks
Chen Yanbin, a professor at Renmin University of China, and Liu Zhexi, an associate professor at the School of International Business and Economics, University of International Business and Economics, recently wrote that the aging of the population will push up the macro leverage ratio, which will not only inhibit economic growth, but also aggravate systemic financial risks and even induce financial crisis. They pointed out that the aging of the population will push up the leverage ratio of residents and government departments, and the rapid increase in the leverage ratio of residents and government departments is precisely a new feature of China’s macro leverage ratio in recent years. Regarding the increasingly serious situation of my country’s aging population, they said that compared with the method of controlling the scale of new debt, it is a more ideal policy choice to stabilize the macro leverage ratio by effectively increasing the economic growth rate.
Financial data
China’s smart home equipment market shipments are expected to increase by 14.6% this year
The latest “Quarterly Tracking Report on China’s Smart Home Equipment Market: Second Quarter of 2021” released by the international data company IDC shows that in the first half of 2021, China’s smart home equipment market shipped about 100 million units, a year-on-year increase of 13.7%; 2021 Shipments are expected to be 230 million units, a year-on-year increase of 14.6%.
The Shanghai stock index fell 0.10%, and the renminbi closed up 113 points against the U.S. dollar
At the close of the stock market, the Shanghai Composite Index closed at 3558.28 points, down 0.10%; the Shenzhen Component Index closed at 14,341.38 points, down 0.08%; the ChiNext Index closed at 3215.74 points, up 0.17%. On the disk, the industrial base machine, airport shipping, education and other sectors have the largest gains, while the pharmaceutical, coal, and aquaculture sectors have the largest declines. In the foreign exchange market, the onshore renminbi closed at 6.4339 against the US dollar, up 113 basis points from the previous trading day. The central parity of the RMB exchange rate against the US dollar was reported at 6.4414, an increase of 198 basis points from the previous trading day.
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