China Fund News Taylor
Hello everyone, big things happened on the evening of 14th. Li Keqiang presided over a symposium of experts and entrepreneurs on the economic situation; the China Banking and Insurance Regulatory Commission responded to the company's suspension of supply, and major banks made announcements; Henan rural banks began to pay amounts of 50,000 and below on the 15th.
let’s pay attention to it.
Li Keqiang presided over a symposium of experts and entrepreneurs on the economic situation, emphasizing
efforts to consolidate the foundation for economic recovery, promote the economy to return to the normal track as soon as possible, and maintain operation within a reasonable range
Xinhua News Agency Beijing, July 14. On July 12, a member of the Standing Committee of the Political Bureau of the CPC Central Committee , Premier Li Keqiang of the State Council presided over a symposium of experts and entrepreneurs to analyze the economic situation and listen to opinions and suggestions on the next step of economic work.
Han Zheng, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the event. At the
meeting, experts such as Su Jian and Wu Ge and State Power Investment Group , Dunhuang Company engaged in cross-border e-commerce services, Beijing Liandong Company engaged in industrial park operation services and other enterprises The person in charge made a speech.
Li Keqiang said that my country's economic development in the second quarter was extremely unusual. Unexpected factors brought serious impact, new downward pressure on the economy increased, and major indicators fell deeply in April. Under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, various localities and departments have implemented the deployment of the Party Central Committee and the State Council and effectively responded to difficulties and challenges. We implemented policies promptly and decisively, insisted on not engaging in "flood irrigation", implemented the policies and measures of the Central Economic Work Conference and the Government Work Report in advance, and launched a package of 33 policies and measures to stabilize the economy in accordance with the determined overall thinking and policy orientation. etc., and held a national video and telephone conference to deploy work to stabilize the economy. The effects of the policy appeared quickly. The decline of major economic indicators narrowed in May, and the economy stabilized and rebounded in June. This is extremely difficult. However, the foundation for economic recovery is not solid and there are many uncertain factors in the development environment. Stabilizing the economic market requires continued hard work. We must follow the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the new development concept, effectively coordinate epidemic prevention and control and economic and social development, seize the important window period for economic recovery, and insist that development is the foundation and key to solving all problems in our country. , stabilizing market entities, stabilizing employment, stabilizing prices, advancing reform and opening up, making concerted efforts to consolidate the foundation for economic recovery in the third quarter, and promoting economic operations to return to normal track as soon as possible.
Li Keqiang said that to keep the economy operating within a reasonable range, we must deal with multiple dilemmas, both to stabilize growth and to prevent inflation and pay attention to preventing imported inflation. To maintain the continuity of macroeconomic policies, they must be powerful, especially the implementation of a package of policies to stabilize the economy, and they must be reasonable and appropriate and not foresee the future. The package of policies to stabilize the economy has only been implemented for more than a month, and there is still considerable room for implementation. We must continue to promote the implementation of the policies and the effect. More than 160 million market entities are the source of economic development and the backbone of employment. It is necessary to sort out the implementation of various policies to assist enterprises in relieving difficulties one by one to ensure that they are effective. We will further unblock the main transportation and logistics roads and microcirculation, open up chokepoints in the industrial and supply chains, and stabilize market expectations. Increase employment opportunities through market-oriented socialization methods, do a good job in promoting the employment of college graduates and migrant workers, and resolutely correct all types of employment discrimination. Solidly protect people's livelihood. my country's prices are generally stable, providing support for stabilizing the country's economic market in a complex international environment. Stabilizing grain and energy prices is the key to stabilizing commodity prices. On the basis of increasing summer grain production and bumper harvest, we must do a good job in autumn grain production to ensure a bumper grain harvest throughout the year. As electricity reaches its peak in the summer, it is necessary to further improve the stable supply capacity of coal power and resolutely prevent power cuts.
Li Keqiang said that reform and opening up is China's basic national policy. It is necessary to deepen reforms, continue to promote the " decentralization, decentralization, regulation and service" reform, create a market-oriented, legalized and international business environment, cultivate and strengthen market entities, and further stimulate market vitality and social creativity. Use reform measures to solve problems and insist on administration according to law. Use market-oriented and sustainable methods to expand consumption and remove obstacles that restrict effective investment. Make overall plans and take all aspects into consideration to prevent one-size-fits-all, one-size-fits-all, and layer-by-layer overweighting.Continue to expand opening up, implement policies to stabilize foreign trade and foreign investment, support enterprises in extensive international cooperation, and achieve mutual benefit and win-win results in fair competition.
Sun Chunlan, Hu Chunhua, Wang Yong, Xiao Jie and Zhao Kezhi participated.
China Banking and Insurance Regulatory Commission responded to the loan suspension incident
According to CCTV Finance, recently, many property owners announced that they would stop loan repayments due to delayed delivery of real estate projects, which has attracted widespread attention. In this regard, the person in charge of the relevant departments of the China Banking and Insurance Regulatory Commission said that they have recently paid attention to the occurrence of real estate projects of individual real estate companies. The key to the delayed delivery situation is "guaranteed delivery of the building", which the China Banking and Insurance Regulatory Commission attaches great importance to.
In the next step of work, the China Banking and Insurance Regulatory Commission will continue to implement the decisions and arrangements of the Party Central Committee and the State Council, adhere to the positioning of "houses are for living in, not for speculation", insist on stabilizing land prices, stabilizing housing prices, stabilizing expectations, and maintaining real estate finance. Continuity and stability of policies, maintaining stable and orderly real estate financing, supporting the commercial housing market to better meet the reasonable housing needs of home buyers, guiding financial institutions to participate in risk disposal in a market-oriented manner, and strengthening work coordination with the housing and construction department and the People's Bank of China. Support local governments to actively promote the work of "guaranteeing the delivery of buildings, protecting people's livelihood, and ensuring stability", provide relevant financial services in accordance with laws and regulations, and promote a virtuous cycle and healthy development of the real estate industry.
In addition, many banks responded that the six major state-owned banks, 6 joint-stock banks, and 2 city commercial banks issued the latest announcements on the "severance supply crisis for unfinished buildings", all stating that the risks are controllable.
Mr. Fund will not post the announcement, but mainly compile the data reported by various banks on the balance of overdue mortgage loans involving the risk of "guaranteed property delivery".
Industrial and Commercial Bank of China , 637 million yuan,
Bank of China , no specific amount
Agricultural Bank of China, 660 million yuan
Construction Bank, smaller, no specific amount
Bank of Communications, 99.8 million yuan
Postal Savings Bank , 127 million yuan
Industrial Bank , involving 1.6 billion yuan (including 75 million yuan in non-performing loan balance), and the mortgage amount that has stopped repayment is 384 million yuan.
Shanghai Pudong Development Bank: RMB 56 million
CITIC Bank : RMB 46 million
Zheshang Bank : Online rumors say that the properties involved are worth RMB 38 million, but our company has cautiously and broadly determined that properties that may have the risk of "guaranteed delivery" involve mortgages. Loan balance 260 million yuan
Bank of Nanjing , 021.14 million yuan
China Merchants Bank , 12 million yuan
Minsheng Bank : 66 million
Bank of Jiangsu : 31 million
Ping An Bank : 0.318 billion
China Everbright Bank : 65 million yuan,
In addition, Xi'an Housing and Urban-Rural Development Bureau: All pre-sale funds for commercial housing should be directly deposited into a special supervision account for supervision; Cangzhou issued a draft supervision opinion on pre-sale funds: if the house payment does not enter the supervision account, the house purchase contract will be invalid.
According to the "Xi'an Housing and Urban-Rural Development" WeChat public account, the Xi'an Housing and Urban-Rural Development Bureau and other five departments released the "Notice on Issuing Work Measures to Prevent Delayed Delivery of Commercial Housing and Increased Housing Increase" on the 14th. The notice mentioned that the supervision of pre-sale funds for commercial housing should be strengthened . All funds for the pre-sale of commercial housing (including deposits, down payments, home purchase loans and other forms of housing payments) should be directly deposited into a special supervision account for supervision. Development companies are not allowed to directly collect or set up another account to collect and deposit home purchase payments from home buyers. Strict disbursement standards. Before the commercial housing project completes the acceptance of the main structure, the cumulative use of key regulatory funds shall not exceed 50% of the total; before the completion acceptance, it shall not exceed 95%; before the completion acceptance and filing is completed, it shall not exceed 99%; after the first registration of the real estate, the remaining 1 can be withdrawn %. Among them, for buildings with more than 7 floors, before the total number of floors reaches 1/3 and 2/3, the cumulative use of key regulatory funds shall not exceed 20% and 35% of the total amount respectively.
On July 12, the Housing and Urban-Rural Development Bureau of Cangzhou City, Hebei Province issued the "Announcement on Soliciting Opinions (Draft for Comments)".The document points out that before applying for a commercial housing pre-sale license, a pre-seller should choose a supervisory bank, open a special account in accordance with the principle that one application for a commercial housing pre-sale license corresponds to only one account, and sign a new commercial housing pre-sale fund agreement with the supervisory bank and the regulatory department. Regulatory Agreement.
The format text of the commercial housing pre-sale fund supervision agreement was jointly drawn up by the Cangzhou Municipal Housing and Urban-Rural Development Bureau, the Cangzhou Central Branch of the People's Bank of China, and the Cangzhou Supervision Branch of the China Banking and Insurance Regulatory Commission. After
establishes a supervision account, the words in the commercial housing sales contract must be noted: "The purchase price does not enter the supervision account, this contract is invalid, and the buyer and seller can terminate it at any time." For projects that do not have a supervision account, relevant departments are not allowed to handle commercial housing pre-sale licenses and commercial housing online signing filings.
In the Henan Village Bank incident, advance payments of less than 50,000 yuan will be made in advance from tomorrow
The source of advance funds is announced
We learned from relevant departments that in the Henan Village Bank incident, classified advance fund arrangements have been initiated in advance. Starting from July 15, 50,000 yuan and 50,000 yuan will be advanced. The following customers will pay in advance.
In order to ensure the safe implementation of advance payment work, advance payment is adopted in batches. At the same time, we will consider giving priority to protecting the legitimate rights and interests of ordinary small-amount customers, and choose to advance the principal of customers of a single institution below 50,000 yuan (inclusive) in advance. After the principal advance for customers with amounts below 50,000 yuan is completed, the next step will be to start the advance for customers with other amounts. The advance funds came from the funds obtained from the disposal of some assets of New Fortune Group that were seized, detained, and frozen by the local public security organs during the investigation and handling of the case.
Starting price is 180 million yuan
Sichuan Langzhong auctions canteen food distribution franchise rights for the next 30 years
html On July 7, the Sichuan Nanchong City Public Resource Trading Network Langzhong Branch released an auction announcement . The auction subject matter is: Langzhong City Public Office Franchise rights for the unified distribution service of canteen ingredients in schools, administrative agencies, institutions, and state-owned companies for the next 30 years. The starting price is 180 million yuan, and the bidding deposit is 20,000 yuan.Some media called and asked, "You have to think about it!" The staff reminded on the phone: "The starting price is 180 million yuan. After the bidding is successful, you have to pay it all in one go and buy out the 30-year operating rights. You will be responsible for the profits and losses within the 30 years. Regardless.
U.S. stocks plummeted
html On the evening of 014, the three major U.S. stock indexes fell by more than 2%, and JPMorgan Chase 's second-quarter profits fell by nearly 30%, putting general pressure on banking stocks. The U.S. CPI hit a 40-year high, causing The possibility of the Federal Reserve's aggressive interest rate hike 100 basis points has increased, and it has heightened concerns about the U.S. economic recession. The U.S. dollar index DXY rose by 11.3% year-on-year in June, indicating that future inflationary pressures will remain high at 109. A new high since September 2002.The CPI data that "broke 9" on Wednesday made the Federal Reserve increase its bets on raising interest rates by 100 basis points in July. At the same time, concerns about the Federal Reserve triggering an economic recession are also increasing on Thursday. , the U.S. 5/30-year Treasury bond yield inverted for the first time since June 23. The yield curve is inverted, that is, the yield of short-term government bonds is higher than the yield of long-term government bonds, which is usually regarded by the market as a harbinger of recession
. U.S. Treasury Secretary Janet Yellen called on Congress to pass legislation to solve the problem of prescription drug prices, saying that the inflation rate was "unacceptably high."
Oil and European and American stock markets were generally falling. , Alibaba had a flash crash.
73 new local asymptomatic cases were reported in Beihai, Guangxi.
html On the evening of July 14, Beihai City, Guangxi held the second press conference on the prevention and control of the new coronavirus epidemic to inform the latest epidemic situation and prevention and control measures. The reporter learned from the press conference that from 17:30 on July 13 to 18:00 on July 14, 373 new cases of local asymptomatic infections were reported in Beihai City, including 356 cases in Haicheng District and 310 cases in Yinhai District. As of 18:00 on July 14, Beihai City has reported a total of 86 local asymptomatic infections, including 68 cases in Haicheng District and 11 cases in Yinhai District. , 2 cases in Tieshangang District, and 5 cases in Hepu County.wishes Friday’s A shares .
