The State Council issued the "Regulations on Promoting the Development of Individual Industrial and Commercial Households", encouraging, supporting and guiding the healthy development of individual economy, safeguarding the legitimate rights and interests of individual industrial

Issue 013

(October 26, 2022)

The State Council issued the "Regulations on Promoting the Development of Individual Industrial and Commercial Households" to support and guide the healthy development of individual economy

The State Council issued the "Regulations on Promoting the Development of Individual Industrial and Commercial Households", encouraging, supporting and guiding the healthy development of individual economy, safeguarding the legitimate rights and interests of individual industrial and commercial households, stabilizing and expanding urban and rural employment, and giving full play to the important role of individual industrial and commercial households in the national economic and social development. The state promotes the establishment and improvement of the credit evaluation system for individual industrial and commercial households, encourages financial institutions to develop and provide financial products and services suitable for the development characteristics of individual industrial and commercial households, expand the scale and coverage of individual industrial and commercial households, and improve the accuracy and convenience of loans. [Full text]

Six departments have 15 measures to expand foreign capital inflows and provide convenience for foreign personnel to come to China

On October 25, the National Development and Reform Commission and other six departments issued the "Notice on Several Policy Measures to Promote the Expansion of Foreign Investment with the Focus of Manufacturing, Stabilizing Stock and Improving Quality", with 15 measures to support foreign investment. It proposes to facilitate international business personnel exchanges. On the premise of doing a good job in preventing and controlling the new crown pneumonia epidemic, it will facilitate the entry and exit of the senior executives of multinational companies, foreign-invested enterprises, technicians and their families. All localities should make good use of the "fast channels" for personnel exchanges between Chinese and foreign countries, and combine local actual conditions to further clarify standards and procedures to provide convenience for foreign personnel to come to China. [Details]

Listed companies are enthusiastic about purchasing director liability insurance. The highest fee rate has risen to 2%

The demand for director liability insurance has increased, and the number of listed companies to be insured continues to rise. According to statistics, in the first three quarters of this year, 295 listed companies have put the director's liability insurance insurance insurance plan into the "shopping cart", significantly exceeding the 248 companies in the whole year of last year. As the demand for director liability insurance increases, the fees also rises, and the highest fee this year has reached 2%.

Farewell ceremony for Comrade Xu Guangchun's body was held in Zhengzhou

The outstanding party member, loyal communist fighter, Marxist theorist, former secretary of the Henan Provincial Committee of the Communist Party of China and former director of the Standing Committee of the Provincial People's Congress, was held in Zhengzhou on the morning of October 25.

Comrade Xu Guangchun died of illness at 5:27 on October 21, 2022 at the age of 77. What does it mean to raise the macro-prudential adjustment parameters of cross-border financing?

In order to further improve the macro-prudential management of full-scope cross-border financing, increase the source of cross-border funds for enterprises and financial institutions, and guide them to optimize the asset-liability structure, the People's Bank of China and the State Administration of Foreign Exchange decided to raise the macro-prudential adjustment parameters of cross-border financing for enterprises and financial institutions from 1 to 1.25.

One line Two sessions public voice!

○ The People's Bank of China and the State Administration of Foreign Exchange: Strengthen departmental cooperation to maintain the healthy development of the stock market, bond market and real estate market

1 On October 24, the Party Committee of the People's Bank of China and the Party Group of the State Administration of Foreign Exchange held an enlarged meeting to mention that it would deepen the reform of exchange rate marketization, enhance the flexibility of the RMB exchange rate , and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. Implement a long-term mechanism for financial services to small and micro enterprises and private enterprises to dare to lend, be willing to lend, and be able to lend, and enhance the vitality of micro entities. Strengthen departmental cooperation and maintain the healthy development of the stock market, bond market and real estate market.

○ China Banking and Insurance Regulatory Commission : Include all kinds of financial activities in supervision in accordance with the law

1 On the morning of October 24, Guo Shuqing, Secretary of the Party Committee and Chairman of the China Banking and Insurance Regulatory Commission, presided over a party committee (expanded) meeting. The meeting emphasized that in the context of innovative development and steady transformation of the real economy, the capital market has long-term investment value and a good foundation for maintaining stable operation will not change. We must persist in preventing and resolving major financial risks, coordinate development and security, orderly promote the reform and risk of small and medium-sized financial institutions, strengthen the financial stability guarantee system, and firmly maintain the bottom line of preventing systemic financial risks. We must strengthen and improve modern financial supervision, improve financial rule of law, incorporate all kinds of financial activities into supervision in accordance with the law, and effectively improve the modernization level of the financial governance system and governance capabilities. [Full text]

○ China Securities Regulatory Commission: Broaden financing channels for overseas listing and strengthen pragmatic cooperation with the Hong Kong market

1 On October 24, China Securities Regulatory Commission held a meeting of the Party Committee (expanded) mentioned that the capital market must obey and serve the overall situation, adhere to the purpose of financial services to the real economy, comprehensively deepen reforms, improve the multi-level market system, improve the functions of the capital market, and increase the proportion of direct financing. Expand high-level institutional opening-up, broaden financing channels for overseas listing, and strengthen pragmatic cooperation with the Hong Kong market.

Ministry of Finance: In the first three quarters, the national general public budget revenue was 15315.1 billion yuan

html cumulative from November to September, the national general public budget revenue was 15315.1 billion yuan, which increased by 4.1% after deducting the tax refund factor, and decreased by 6.6% based on natural caliber. Among them, the stamp duty on securities transactions was 224.9 billion yuan, a decrease of 2.3% over the same period last year. The national general public budget expenditure was 19038.9 billion yuan, an increase of 6.2% over the same period last year.

SASAC: In the first three quarters, central enterprises achieved a cumulative operating income of 29.0 trillion

On October 25, the SASAC reported that in the first three quarters, central enterprises' production and operation were stable and orderly, economic benefits grew steadily, and overall operation was within a reasonable range. In the first three quarters, central enterprises achieved a cumulative operating income of 29.0 trillion yuan, and increased by 10.9% year-on-year; the cumulative total profit was 2.1 trillion yuan, a year-on-year increase of 5.7%, and the growth rate rebounded by 0.7 percentage points from January to August.

○ Henan

Henan has two more national regional medical centers, and the total number has increased to ten

Recently, the "Key Points of the Construction Plan for the Fourth Batch of National Regional Medical Centers" was issued. The list of the fourth batch of national regional medical center projects showed that Henan Hospital, the Sixth Hospital of Peking University and the Henan Hospital of the Affiliated Obstetrics and Gynecology Hospital of Fudan University, applied for Henan Province, are on the list. Up to now, 10 national regional medical center projects have been settled in Henan. [Full List]

In the first three quarters, the construction of key foreign investment projects in Henan Province "accelerated"

On October 24, the reporter learned from the Provincial Development and Reform Commission that in the first three quarters, 237 provincial key foreign investment projects completed investment of 53.46 billion yuan, accounting for 85.5% of the annual planned investment.

According to relevant personnel from the Provincial Development and Reform Commission, foreign-invested projects show the following three characteristics: the proportion of advanced manufacturing projects is large, new energy vehicle-related projects are popular, and the Fortune 500 companies have strong momentum to increase capital.

Henan Province has added 9 national quality benchmarks

reporters learned from the Provincial Department of Industry and Information Technology that the results of the selection of typical experiences of national quality benchmarks in 2022 commissioned by the Ministry of Industry and Information Technology were recently announced. The typical experiences of 46 industrial enterprises, 5 small and medium-sized enterprises and 7 service industry enterprises were finally identified as national quality benchmarks in 2022.

○ The seventh batch of national manufacturing "single champions" in

The seventh batch of national manufacturing "single champions" has been released. Many listed companies in Henan were selected as

Ministry of Industry and Information Technology, China Industrial Economic Federation recently organized the cultivation and selection of the seventh batch of manufacturing single champion enterprises (products) and the review of the first and fourth batches of manufacturing single champion enterprises (products) and has completed the relevant review. Henan Tuoren Medical Machinery Group, Longbai Group, Mingtai Aluminum and other Henan companies are on the list. [List]

Beijing announced the list of "hidden champion" companies in 2022, and 12 companies are listed on

October 25, Beijing Municipal Bureau of Economics and Information Technology reported that the list of "hidden champion" companies in 2022 was confirmed. 12 companies including Beijing Jizhijia Technology Co., Ltd., Beijing Tianrongxin Network Security Technology Co., Ltd., and Beijing Tianrongxin Network Security Technology Co., Ltd. are listed. [List]

Shanghai launched recombinant coronavirus vaccine for inhalation to strengthen immunization

Starting from October 26, Shanghai launched recombinant coronavirus vaccine for inhalation to strengthen immunization (type 5 adenovirus vector). Among people aged 18 years old and over who have been vaccinated with the inactivated vaccine for for 6 months, they can use the inhaled recombinant coronavirus vaccine (type 5 adenovirus vector) to carry out one dose of enhanced immunization.

Jiangxi Province recognized 1,141 " specialized, specialized, specialized, and new" small and medium-sized enterprises

On October 24, Jiangxi Provincial Department of Industry and Information Technology released the list of "specialized, specialized, specialized, and new" small and medium-sized enterprises in Jiangxi Province in 2022, and identified 1,141 enterprises including Jiangxi Tongqing Metal Crafts Co., Ltd. as "specialized, specialized, specialized, and new" small and medium-sized enterprises in Jiangxi Province in 2022. The recognition period is three years, and the validity period is from November 1, 2022 to October 31, 2025. [List]

○ Henan

Zhengzhou City Data Center Industry Development Plan: Explore the establishment of a data trading institution

1 On October 25, the Zhengzhou Municipal People's Government issued the "Zhengzhou City Data Center Industry Development Plan (2021-2025)". Explore the establishment of a data trading institution in Zhengzhou City, and rely on high computing power and high security data centers to provide both parties with a centralized and secure trading environment. Promote the accelerated implementation of major projects such as Henan Unicom Zhongyuan Data Base and China Mobile (Henan Zhengzhou Airport Port Area) Data Center, and build a national new industrialization industry demonstration base (data center).

Jiyuan "14th Five-Year Plan" Science and Technology Innovation Plan: Support financial institutions to establish science and technology branches

htmlOn October 24, the Jiyuan Municipal People's Government issued the "Jiyuan "14th Five-Year Plan" Science and Technology Innovation Development Plan". Announcement of interest subsidy policy for the "Technology Loan" business, encourage and guide financial institutions to participate in scientific and technological innovation, support financial institutions to establish science and technology branches, establish science and technology loan risk compensation fund pool and science and technology innovation funds, increase the scale of science and technology credit reserves, and promote the transfer, transformation and industrialization of scientific and technological achievements. Support Jiyuan listed companies and leading enterprises to establish entrepreneurial venture capital institutions.

○ National

Eight departments: Expand investment in agricultural and rural infrastructure and encourage social capital to participate in

htmlOn October 25, the Ministry of Agriculture and Rural Affairs , the Ministry of Water Resources and other eight departments issued a notice on issuing the " Work Plan for Expanding Current Investment in Agricultural and Rural Infrastructure Construction ". Social capital is encouraged to cooperate in the construction and operation of agricultural and rural infrastructure investment projects. For agricultural and rural infrastructure projects with a high degree of marketization such as facility agriculture, cold chain logistics, , local governments are encouraged to actively explore effective and safe methods and strengthen investment cooperation with social capital.

Two departments: Specialized and specialized small and medium-sized enterprises enjoy patent priority review policy

htmlOn October 24, the "Notice on Several Measures to Help Intellectual Property to Innovate and Development of Specialized and Small and Medium-sized Enterprises" proposed that local intellectual property management departments should actively support specialized and new small and medium-sized enterprises to enjoy patent priority review policy, and give priority recommendations to specialized and new "little giant" enterprises that meet the conditions. [Full text]

The Ministry of Science and Technology issued a plan: by 2025, the transaction volume of technology contract will reach 5 trillion

htmlOn October 25, the Ministry of Science and Technology issued the "Special Plan for the 14th Five-Year Plan for the Technology Element Market". By 2025, the scale of the national technology trading market will continue to expand, and the transaction volume of technology contracts will reach 5 trillion yuan. There are 20 national scientific and technological achievement transfer and transformation demonstration zones, 15 national technology transfer regional centers, 500 national technology transfer institutions, more than 60 international technology transfer centers, and the number of technical managers has exceeded 30,000.

○ Shandong

Shandong introduces measures to promote the development of venture capital: strive to become global emerging venture capital centers

htmlOn October 25, the Shandong Provincial Development and Reform Commission and 12 other departments issued the "Several Measures to Promote the High-Quality Development of Venture Capital in Shandong Province". We strive to increase the number of venture capital funds and investment amounts registered in Shandong Province by 2025, and Jinan and Qingdao will become global emerging venture capital centers, with more than 10 provincial venture capital investment clusters, with more than 50 leading venture capital investment institutions settling in Shandong, and more than 30 leading local venture capital investment brands with national influence.

○ E-cigarette

Three departments: Consumption tax is imposed on electronic cigarettes, and the tax rate in the production (import) link is 36%

On October 25, the Ministry of Finance, General Administration of Customs , and the State Administration of Taxation issued an announcement on the collection of consumption tax on electronic cigarettes, including electronic cigarettes in the scope of consumption tax collection, and an electronic cigarette sub-item is added under the tobacco tax. E-cigarettes are subject to a price-adjustment rate calculation method. The tax rate for the production (import) stage is 36%, and the tax rate for the wholesale stage is 11%.

○Energy

IEA Warning: The world is "really" trapped in the energy crisis for the first time ,

On Tuesday, International Energy Agency Administrator Birol said that as the global liquefied natural gas market tightens and major oil producers cut supplies, the world has fallen into the "first real global energy crisis." Biroll warned that the global natural gas market will continue to be tense next year. He also mentioned that as the G7 countries are preparing to set price caps on Russian oil, the world still needs most of Russia's oil to flow into the market to ensure global demand is met.

○ Real estate

15 cities have completed the third round of land auctions, and Zhengzhou and four other cities have disclosed centralized land supply announcements

As of now, among the 22 hot cities across the country, except for Changchun, Chongqing and Shenyang, the other 19 cities have issued the third round of centralized land supply announcements this year. At the same time, except for Jinan, Changsha, Chengdu and Zhengzhou, the remaining 15 cities have completed the third round of concentrated land auctions. A total of 284 plots of land were sold in the third round of concentrated land auctions in 15 cities, with an overall average premium rate of 2.75%, a decrease of 1.02 percentage points from the second round of this year; the average rate of failure of was 5.02%, a decrease of 0.6 percentage points from the previous round; the proportion of transactions at the bottom price reached 73.94%, significantly higher than the first two rounds of this year.

The Ministry of Finance regulates land acquisition policies for state-owned enterprises for a full month. Local urban investments are still "running wildly" in the land market

The Ministry of Finance has issued a document to regulate land acquisition of state-owned enterprises for one month, but judging from the results of centralized land supply in some cities, local urban investments are still acquiring land on a large scale. Since October, Nanjing, Guangzhou, Tianjin and other places have successively carried out the third batch of centralized land supply. Judging from the transaction results, urban investment and state-owned enterprises are still the main force in land acquisition.

"There are two reasons why local urban investments are still acquiring land in large quantities. First, local finances still need urban investments to acquire land for blood transfusions, resolving the problem that local governments cannot mortgage land to financial institutions under expenditure pressure; second, in order to activate the land market atmosphere and avoid land failure." IPG China chief economist Bai Wenxi told reporters. [Full text]

○ Large aircraft

The first C919 aircraft will be delivered to China Eastern Airlines

At the enlarged meeting of the Party Group of China Eastern Airlines held on the morning of October 24, Li Yangmin, general manager and deputy secretary of the Party Group of China Eastern Airlines, said that the first C919 aircraft will be delivered to China Eastern Airlines in December this year.

○ Henan

Establishment Research Institute: It is planned to establish Henan Carbon Emission Rights Service Center

htmlOn October 25, the Institute announced that it plans to jointly invest with Chongqing Yiyue Carbon Gold Technology Co., Ltd. to establish Henan Carbon Emission Rights Service Center Co., Ltd. with a registered capital of 30 million yuan. The proposed business scope of the Carbon Emission Service Center includes: carbon emission accounting, carbon asset management, carbon asset trading, national voluntary emission reduction and development, carbon finance , carbon emission reduction, carbon capture, carbon sequestration, carbon conversion and other businesses. According to the agreement between the two parties, the Institute of Technology intends to subscribe to the carbon emission service center in currency to hold 85% of the equity of the carbon emission service center .

Feilong Co., Ltd.: A private placement of 780 million yuan was accepted by the China Securities Regulatory Commission

On October 25, Feilong Co., Ltd. announced that the China Securities Regulatory Commission accepted its application for private placement. Feilong Co., Ltd. plans to issue only more than 150 million shares, and raise no more than 780 million yuan to be used for Henan Feilong (Wuhu) Auto Parts Co., Ltd.'s annual production of 6 million new energy electronic water pump project, and Zhengzhou Feilong Auto Parts Co., Ltd.'s annual production of 5.6 million new energy thermal management components series product projects, and supplement working capital. The targets of this private placement include Wanxi Holdings and Sun Yaozhong. Wanxi Holdings is the controlling shareholder of Feilong Co., Ltd., and Sun Yaozhong is the joint actor of Wanxi Holdings.

Antu Biologics: Net profit in the first three quarters was 899 million yuan, an increase of 25.44%

On October 25, Antu Biologics released its third quarter report for 2022. The company achieved operating income of 1.211 billion yuan in the third quarter, an increase of 19.02% year-on-year; net profit attributable to shareholders of listed companies was 365 million yuan, an increase of 20.23% year-on-year. In the first three quarters, the company achieved operating income of 3.281 billion yuan, a year-on-year increase of 21.75%; the net profit attributable to shareholders of listed companies was 899 million yuan, a same time increase of 25.44%.

Zhongjing Food: Revenue was 654 million yuan in the first three quarters, a year-on-year increase of 7.84%

On October 25, Zhongjing Food released its third quarter report for 2022. The company achieved revenue of 654 million yuan in the first three quarters of 2022, a year-on-year increase of 7.84%; net profit attributable to shareholders of listed companies was 102 million yuan, a year-on-year decrease of 3.92%. The main reasons for performance changes are significant results in new product promotion, rising costs and expenses, and increasing government subsidies and financial returns.

Pingmei Shenma Group: Profit in the first three quarters was 5.45 billion yuan, a year-on-year increase of 36.23%

Pingmei Shenma Group achieved operating income of 107.2 billion yuan in the first three quarters of this year, basically the same as the same year-on-year; profit was 5.45 billion yuan, a year-on-year increase of 36.23%. Regarding its four listed companies: Pingmei Co., Ltd.'s market value doubled, Shenma Co., Ltd.'s return on equity ranked among the top three in the industry, and Yicheng New Energy's earnings per share and company market value growth ranked among the top in the industry. Silane Technology was successfully listed on , on the , becoming the first silane specialty stock in China's capital market.

○Domestic

Ping An Bank: It plans to issue 10 billion yuan of financial bonds for real estate project mergers and acquisitions loans, etc.

On October 25, Ping An Bank disclosed the 2022 financial bond prospectus and plans to issue 10 billion yuan of financial bonds, with an issuance period of 3 years. Once the issuance scale of the variety is 5 billion yuan, the funds raised will be used to meet the issuer's asset and liability allocation needs, enrich the source of funds, optimize the liability maturity structure, and promote the stable development of the business. The issuance scale of variety 2 is 5 billion yuan, and the funds raised will be used for real estate project mergers and acquisitions loans.

Daquan Energy: Sign a procurement framework contract with a certain customer, the estimated amount is about 130.896 billion

html On October 25, Daquan Energy issued an announcement that the company and its wholly-owned subsidiary Inner Mongolia Daquan signed a procurement framework contract with a certain customer, stipulating that from 2023 to 2028, a customer is expected to purchase a total of 432,000 tons of solar-grade silicone free material from the company and Inner Mongolia Daquan. According to the latest price of polycrystalline silicon dense material released by PV InfoLink is 303,000 yuan/ton (tax included), the estimated purchase amount is about 130.896 billion yuan.

sprints to "the first stock of Malatang"! Yang Guofu's application for listing in Hong Kong has been approved for listing

Yang Guofu's Malatang plans to issue H shares on the Hong Kong Stock Exchange has recently been approved by the China Securities Regulatory Commission. Yang Guofu was approved to issue no more than 395 million overseas listed foreign shares, with a par value of RMB 0.1 per share, all of which are common shares. After completing this issuance, Yang Guofu will be listed on the main board of the Hong Kong Stock Exchange.

"Qianmao" Oriental Fortune's third-quarter revenue and net profit both turned negative

Oriental Fortune achieved revenue of 9.561 billion yuan in the first three quarters, a year-on-year decrease of 0.78%; net profit was 6.594 billion yuan, a year-on-year increase of 5.77%. At the same time, the investment income in the first three quarters was 1.171 billion yuan, a year-on-year increase of 137.46%, mainly due to the increase in investment income of trading financial assets .

China Banking and Insurance Regulatory Commission issued a document: Standardize Financial leasing company and other non-bank institutions companies are referred to as

The General Office of the China Banking and Insurance Regulatory Commission has recently issued a document to put forward specific requirements on the abbreviation of non-bank institutions such as auto finance companies, enterprise group financial companies, and financial leasing companies. For example, financial leasing companies should not be abbreviated as "XX Leasing", but should be "XX Financial Rental"; auto finance companies should not be abbreviated as "XX Auto"; enterprise group financial companies should not be abbreviated as "XX Finance". It is understood that this move is intended to ensure that institutions can clearly distinguish categories when promoting marketing and fully fulfill their notification obligations.

Shenzhen: Financing leasing companies shall not engage in business involving new local government hidden debts

On October 25, the Shenzhen Municipal Local Financial Supervision and Administration Bureau and the Shenzhen Qianhai Local Financial Supervision and Administration Bureau issued a notice that all financial leasing companies shall not engage in business involving new local government hidden debts.

Issue 013

(October 26, 2022)

The State Council issued the "Regulations on Promoting the Development of Individual Industrial and Commercial Households" to support and guide the healthy development of individual economy

The State Council issued the "Regulations on Promoting the Development of Individual Industrial and Commercial Households", encouraging, supporting and guiding the healthy development of individual economy, safeguarding the legitimate rights and interests of individual industrial and commercial households, stabilizing and expanding urban and rural employment, and giving full play to the important role of individual industrial and commercial households in the national economic and social development. The state promotes the establishment and improvement of the credit evaluation system for individual industrial and commercial households, encourages financial institutions to develop and provide financial products and services suitable for the development characteristics of individual industrial and commercial households, expand the scale and coverage of individual industrial and commercial households, and improve the accuracy and convenience of loans. [Full text]

Six departments have 15 measures to expand foreign capital inflows and provide convenience for foreign personnel to come to China

On October 25, the National Development and Reform Commission and other six departments issued the "Notice on Several Policy Measures to Promote the Expansion of Foreign Investment with the Focus of Manufacturing, Stabilizing Stock and Improving Quality", with 15 measures to support foreign investment. It proposes to facilitate international business personnel exchanges. On the premise of doing a good job in preventing and controlling the new crown pneumonia epidemic, it will facilitate the entry and exit of the senior executives of multinational companies, foreign-invested enterprises, technicians and their families. All localities should make good use of the "fast channels" for personnel exchanges between Chinese and foreign countries, and combine local actual conditions to further clarify standards and procedures to provide convenience for foreign personnel to come to China. [Details]

Listed companies are enthusiastic about purchasing director liability insurance. The highest fee rate has risen to 2%

The demand for director liability insurance has increased, and the number of listed companies to be insured continues to rise. According to statistics, in the first three quarters of this year, 295 listed companies have put the director's liability insurance insurance insurance plan into the "shopping cart", significantly exceeding the 248 companies in the whole year of last year. As the demand for director liability insurance increases, the fees also rises, and the highest fee this year has reached 2%.

Farewell ceremony for Comrade Xu Guangchun's body was held in Zhengzhou

The outstanding party member, loyal communist fighter, Marxist theorist, former secretary of the Henan Provincial Committee of the Communist Party of China and former director of the Standing Committee of the Provincial People's Congress, was held in Zhengzhou on the morning of October 25.

Comrade Xu Guangchun died of illness at 5:27 on October 21, 2022 at the age of 77. What does it mean to raise the macro-prudential adjustment parameters of cross-border financing?

In order to further improve the macro-prudential management of full-scope cross-border financing, increase the source of cross-border funds for enterprises and financial institutions, and guide them to optimize the asset-liability structure, the People's Bank of China and the State Administration of Foreign Exchange decided to raise the macro-prudential adjustment parameters of cross-border financing for enterprises and financial institutions from 1 to 1.25.

One line Two sessions public voice!

○ The People's Bank of China and the State Administration of Foreign Exchange: Strengthen departmental cooperation to maintain the healthy development of the stock market, bond market and real estate market

1 On October 24, the Party Committee of the People's Bank of China and the Party Group of the State Administration of Foreign Exchange held an enlarged meeting to mention that it would deepen the reform of exchange rate marketization, enhance the flexibility of the RMB exchange rate , and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. Implement a long-term mechanism for financial services to small and micro enterprises and private enterprises to dare to lend, be willing to lend, and be able to lend, and enhance the vitality of micro entities. Strengthen departmental cooperation and maintain the healthy development of the stock market, bond market and real estate market.

○ China Banking and Insurance Regulatory Commission : Include all kinds of financial activities in supervision in accordance with the law

1 On the morning of October 24, Guo Shuqing, Secretary of the Party Committee and Chairman of the China Banking and Insurance Regulatory Commission, presided over a party committee (expanded) meeting. The meeting emphasized that in the context of innovative development and steady transformation of the real economy, the capital market has long-term investment value and a good foundation for maintaining stable operation will not change. We must persist in preventing and resolving major financial risks, coordinate development and security, orderly promote the reform and risk of small and medium-sized financial institutions, strengthen the financial stability guarantee system, and firmly maintain the bottom line of preventing systemic financial risks. We must strengthen and improve modern financial supervision, improve financial rule of law, incorporate all kinds of financial activities into supervision in accordance with the law, and effectively improve the modernization level of the financial governance system and governance capabilities. [Full text]

○ China Securities Regulatory Commission: Broaden financing channels for overseas listing and strengthen pragmatic cooperation with the Hong Kong market

1 On October 24, China Securities Regulatory Commission held a meeting of the Party Committee (expanded) mentioned that the capital market must obey and serve the overall situation, adhere to the purpose of financial services to the real economy, comprehensively deepen reforms, improve the multi-level market system, improve the functions of the capital market, and increase the proportion of direct financing. Expand high-level institutional opening-up, broaden financing channels for overseas listing, and strengthen pragmatic cooperation with the Hong Kong market.

Ministry of Finance: In the first three quarters, the national general public budget revenue was 15315.1 billion yuan

html cumulative from November to September, the national general public budget revenue was 15315.1 billion yuan, which increased by 4.1% after deducting the tax refund factor, and decreased by 6.6% based on natural caliber. Among them, the stamp duty on securities transactions was 224.9 billion yuan, a decrease of 2.3% over the same period last year. The national general public budget expenditure was 19038.9 billion yuan, an increase of 6.2% over the same period last year.

SASAC: In the first three quarters, central enterprises achieved a cumulative operating income of 29.0 trillion

On October 25, the SASAC reported that in the first three quarters, central enterprises' production and operation were stable and orderly, economic benefits grew steadily, and overall operation was within a reasonable range. In the first three quarters, central enterprises achieved a cumulative operating income of 29.0 trillion yuan, and increased by 10.9% year-on-year; the cumulative total profit was 2.1 trillion yuan, a year-on-year increase of 5.7%, and the growth rate rebounded by 0.7 percentage points from January to August.

○ Henan

Henan has two more national regional medical centers, and the total number has increased to ten

Recently, the "Key Points of the Construction Plan for the Fourth Batch of National Regional Medical Centers" was issued. The list of the fourth batch of national regional medical center projects showed that Henan Hospital, the Sixth Hospital of Peking University and the Henan Hospital of the Affiliated Obstetrics and Gynecology Hospital of Fudan University, applied for Henan Province, are on the list. Up to now, 10 national regional medical center projects have been settled in Henan. [Full List]

In the first three quarters, the construction of key foreign investment projects in Henan Province "accelerated"

On October 24, the reporter learned from the Provincial Development and Reform Commission that in the first three quarters, 237 provincial key foreign investment projects completed investment of 53.46 billion yuan, accounting for 85.5% of the annual planned investment.

According to relevant personnel from the Provincial Development and Reform Commission, foreign-invested projects show the following three characteristics: the proportion of advanced manufacturing projects is large, new energy vehicle-related projects are popular, and the Fortune 500 companies have strong momentum to increase capital.

Henan Province has added 9 national quality benchmarks

reporters learned from the Provincial Department of Industry and Information Technology that the results of the selection of typical experiences of national quality benchmarks in 2022 commissioned by the Ministry of Industry and Information Technology were recently announced. The typical experiences of 46 industrial enterprises, 5 small and medium-sized enterprises and 7 service industry enterprises were finally identified as national quality benchmarks in 2022.

○ The seventh batch of national manufacturing "single champions" in

The seventh batch of national manufacturing "single champions" has been released. Many listed companies in Henan were selected as

Ministry of Industry and Information Technology, China Industrial Economic Federation recently organized the cultivation and selection of the seventh batch of manufacturing single champion enterprises (products) and the review of the first and fourth batches of manufacturing single champion enterprises (products) and has completed the relevant review. Henan Tuoren Medical Machinery Group, Longbai Group, Mingtai Aluminum and other Henan companies are on the list. [List]

Beijing announced the list of "hidden champion" companies in 2022, and 12 companies are listed on

October 25, Beijing Municipal Bureau of Economics and Information Technology reported that the list of "hidden champion" companies in 2022 was confirmed. 12 companies including Beijing Jizhijia Technology Co., Ltd., Beijing Tianrongxin Network Security Technology Co., Ltd., and Beijing Tianrongxin Network Security Technology Co., Ltd. are listed. [List]

Shanghai launched recombinant coronavirus vaccine for inhalation to strengthen immunization

Starting from October 26, Shanghai launched recombinant coronavirus vaccine for inhalation to strengthen immunization (type 5 adenovirus vector). Among people aged 18 years old and over who have been vaccinated with the inactivated vaccine for for 6 months, they can use the inhaled recombinant coronavirus vaccine (type 5 adenovirus vector) to carry out one dose of enhanced immunization.

Jiangxi Province recognized 1,141 " specialized, specialized, specialized, and new" small and medium-sized enterprises

On October 24, Jiangxi Provincial Department of Industry and Information Technology released the list of "specialized, specialized, specialized, and new" small and medium-sized enterprises in Jiangxi Province in 2022, and identified 1,141 enterprises including Jiangxi Tongqing Metal Crafts Co., Ltd. as "specialized, specialized, specialized, and new" small and medium-sized enterprises in Jiangxi Province in 2022. The recognition period is three years, and the validity period is from November 1, 2022 to October 31, 2025. [List]

○ Henan

Zhengzhou City Data Center Industry Development Plan: Explore the establishment of a data trading institution

1 On October 25, the Zhengzhou Municipal People's Government issued the "Zhengzhou City Data Center Industry Development Plan (2021-2025)". Explore the establishment of a data trading institution in Zhengzhou City, and rely on high computing power and high security data centers to provide both parties with a centralized and secure trading environment. Promote the accelerated implementation of major projects such as Henan Unicom Zhongyuan Data Base and China Mobile (Henan Zhengzhou Airport Port Area) Data Center, and build a national new industrialization industry demonstration base (data center).

Jiyuan "14th Five-Year Plan" Science and Technology Innovation Plan: Support financial institutions to establish science and technology branches

htmlOn October 24, the Jiyuan Municipal People's Government issued the "Jiyuan "14th Five-Year Plan" Science and Technology Innovation Development Plan". Announcement of interest subsidy policy for the "Technology Loan" business, encourage and guide financial institutions to participate in scientific and technological innovation, support financial institutions to establish science and technology branches, establish science and technology loan risk compensation fund pool and science and technology innovation funds, increase the scale of science and technology credit reserves, and promote the transfer, transformation and industrialization of scientific and technological achievements. Support Jiyuan listed companies and leading enterprises to establish entrepreneurial venture capital institutions.

○ National

Eight departments: Expand investment in agricultural and rural infrastructure and encourage social capital to participate in

htmlOn October 25, the Ministry of Agriculture and Rural Affairs , the Ministry of Water Resources and other eight departments issued a notice on issuing the " Work Plan for Expanding Current Investment in Agricultural and Rural Infrastructure Construction ". Social capital is encouraged to cooperate in the construction and operation of agricultural and rural infrastructure investment projects. For agricultural and rural infrastructure projects with a high degree of marketization such as facility agriculture, cold chain logistics, , local governments are encouraged to actively explore effective and safe methods and strengthen investment cooperation with social capital.

Two departments: Specialized and specialized small and medium-sized enterprises enjoy patent priority review policy

htmlOn October 24, the "Notice on Several Measures to Help Intellectual Property to Innovate and Development of Specialized and Small and Medium-sized Enterprises" proposed that local intellectual property management departments should actively support specialized and new small and medium-sized enterprises to enjoy patent priority review policy, and give priority recommendations to specialized and new "little giant" enterprises that meet the conditions. [Full text]

The Ministry of Science and Technology issued a plan: by 2025, the transaction volume of technology contract will reach 5 trillion

htmlOn October 25, the Ministry of Science and Technology issued the "Special Plan for the 14th Five-Year Plan for the Technology Element Market". By 2025, the scale of the national technology trading market will continue to expand, and the transaction volume of technology contracts will reach 5 trillion yuan. There are 20 national scientific and technological achievement transfer and transformation demonstration zones, 15 national technology transfer regional centers, 500 national technology transfer institutions, more than 60 international technology transfer centers, and the number of technical managers has exceeded 30,000.

○ Shandong

Shandong introduces measures to promote the development of venture capital: strive to become global emerging venture capital centers

htmlOn October 25, the Shandong Provincial Development and Reform Commission and 12 other departments issued the "Several Measures to Promote the High-Quality Development of Venture Capital in Shandong Province". We strive to increase the number of venture capital funds and investment amounts registered in Shandong Province by 2025, and Jinan and Qingdao will become global emerging venture capital centers, with more than 10 provincial venture capital investment clusters, with more than 50 leading venture capital investment institutions settling in Shandong, and more than 30 leading local venture capital investment brands with national influence.

○ E-cigarette

Three departments: Consumption tax is imposed on electronic cigarettes, and the tax rate in the production (import) link is 36%

On October 25, the Ministry of Finance, General Administration of Customs , and the State Administration of Taxation issued an announcement on the collection of consumption tax on electronic cigarettes, including electronic cigarettes in the scope of consumption tax collection, and an electronic cigarette sub-item is added under the tobacco tax. E-cigarettes are subject to a price-adjustment rate calculation method. The tax rate for the production (import) stage is 36%, and the tax rate for the wholesale stage is 11%.

○Energy

IEA Warning: The world is "really" trapped in the energy crisis for the first time ,

On Tuesday, International Energy Agency Administrator Birol said that as the global liquefied natural gas market tightens and major oil producers cut supplies, the world has fallen into the "first real global energy crisis." Biroll warned that the global natural gas market will continue to be tense next year. He also mentioned that as the G7 countries are preparing to set price caps on Russian oil, the world still needs most of Russia's oil to flow into the market to ensure global demand is met.

○ Real estate

15 cities have completed the third round of land auctions, and Zhengzhou and four other cities have disclosed centralized land supply announcements

As of now, among the 22 hot cities across the country, except for Changchun, Chongqing and Shenyang, the other 19 cities have issued the third round of centralized land supply announcements this year. At the same time, except for Jinan, Changsha, Chengdu and Zhengzhou, the remaining 15 cities have completed the third round of concentrated land auctions. A total of 284 plots of land were sold in the third round of concentrated land auctions in 15 cities, with an overall average premium rate of 2.75%, a decrease of 1.02 percentage points from the second round of this year; the average rate of failure of was 5.02%, a decrease of 0.6 percentage points from the previous round; the proportion of transactions at the bottom price reached 73.94%, significantly higher than the first two rounds of this year.

The Ministry of Finance regulates land acquisition policies for state-owned enterprises for a full month. Local urban investments are still "running wildly" in the land market

The Ministry of Finance has issued a document to regulate land acquisition of state-owned enterprises for one month, but judging from the results of centralized land supply in some cities, local urban investments are still acquiring land on a large scale. Since October, Nanjing, Guangzhou, Tianjin and other places have successively carried out the third batch of centralized land supply. Judging from the transaction results, urban investment and state-owned enterprises are still the main force in land acquisition.

"There are two reasons why local urban investments are still acquiring land in large quantities. First, local finances still need urban investments to acquire land for blood transfusions, resolving the problem that local governments cannot mortgage land to financial institutions under expenditure pressure; second, in order to activate the land market atmosphere and avoid land failure." IPG China chief economist Bai Wenxi told reporters. [Full text]

○ Large aircraft

The first C919 aircraft will be delivered to China Eastern Airlines

At the enlarged meeting of the Party Group of China Eastern Airlines held on the morning of October 24, Li Yangmin, general manager and deputy secretary of the Party Group of China Eastern Airlines, said that the first C919 aircraft will be delivered to China Eastern Airlines in December this year.

○ Henan

Establishment Research Institute: It is planned to establish Henan Carbon Emission Rights Service Center

htmlOn October 25, the Institute announced that it plans to jointly invest with Chongqing Yiyue Carbon Gold Technology Co., Ltd. to establish Henan Carbon Emission Rights Service Center Co., Ltd. with a registered capital of 30 million yuan. The proposed business scope of the Carbon Emission Service Center includes: carbon emission accounting, carbon asset management, carbon asset trading, national voluntary emission reduction and development, carbon finance , carbon emission reduction, carbon capture, carbon sequestration, carbon conversion and other businesses. According to the agreement between the two parties, the Institute of Technology intends to subscribe to the carbon emission service center in currency to hold 85% of the equity of the carbon emission service center .

Feilong Co., Ltd.: A private placement of 780 million yuan was accepted by the China Securities Regulatory Commission

On October 25, Feilong Co., Ltd. announced that the China Securities Regulatory Commission accepted its application for private placement. Feilong Co., Ltd. plans to issue only more than 150 million shares, and raise no more than 780 million yuan to be used for Henan Feilong (Wuhu) Auto Parts Co., Ltd.'s annual production of 6 million new energy electronic water pump project, and Zhengzhou Feilong Auto Parts Co., Ltd.'s annual production of 5.6 million new energy thermal management components series product projects, and supplement working capital. The targets of this private placement include Wanxi Holdings and Sun Yaozhong. Wanxi Holdings is the controlling shareholder of Feilong Co., Ltd., and Sun Yaozhong is the joint actor of Wanxi Holdings.

Antu Biologics: Net profit in the first three quarters was 899 million yuan, an increase of 25.44%

On October 25, Antu Biologics released its third quarter report for 2022. The company achieved operating income of 1.211 billion yuan in the third quarter, an increase of 19.02% year-on-year; net profit attributable to shareholders of listed companies was 365 million yuan, an increase of 20.23% year-on-year. In the first three quarters, the company achieved operating income of 3.281 billion yuan, a year-on-year increase of 21.75%; the net profit attributable to shareholders of listed companies was 899 million yuan, a same time increase of 25.44%.

Zhongjing Food: Revenue was 654 million yuan in the first three quarters, a year-on-year increase of 7.84%

On October 25, Zhongjing Food released its third quarter report for 2022. The company achieved revenue of 654 million yuan in the first three quarters of 2022, a year-on-year increase of 7.84%; net profit attributable to shareholders of listed companies was 102 million yuan, a year-on-year decrease of 3.92%. The main reasons for performance changes are significant results in new product promotion, rising costs and expenses, and increasing government subsidies and financial returns.

Pingmei Shenma Group: Profit in the first three quarters was 5.45 billion yuan, a year-on-year increase of 36.23%

Pingmei Shenma Group achieved operating income of 107.2 billion yuan in the first three quarters of this year, basically the same as the same year-on-year; profit was 5.45 billion yuan, a year-on-year increase of 36.23%. Regarding its four listed companies: Pingmei Co., Ltd.'s market value doubled, Shenma Co., Ltd.'s return on equity ranked among the top three in the industry, and Yicheng New Energy's earnings per share and company market value growth ranked among the top in the industry. Silane Technology was successfully listed on , on the , becoming the first silane specialty stock in China's capital market.

○Domestic

Ping An Bank: It plans to issue 10 billion yuan of financial bonds for real estate project mergers and acquisitions loans, etc.

On October 25, Ping An Bank disclosed the 2022 financial bond prospectus and plans to issue 10 billion yuan of financial bonds, with an issuance period of 3 years. Once the issuance scale of the variety is 5 billion yuan, the funds raised will be used to meet the issuer's asset and liability allocation needs, enrich the source of funds, optimize the liability maturity structure, and promote the stable development of the business. The issuance scale of variety 2 is 5 billion yuan, and the funds raised will be used for real estate project mergers and acquisitions loans.

Daquan Energy: Sign a procurement framework contract with a certain customer, the estimated amount is about 130.896 billion

html On October 25, Daquan Energy issued an announcement that the company and its wholly-owned subsidiary Inner Mongolia Daquan signed a procurement framework contract with a certain customer, stipulating that from 2023 to 2028, a customer is expected to purchase a total of 432,000 tons of solar-grade silicone free material from the company and Inner Mongolia Daquan. According to the latest price of polycrystalline silicon dense material released by PV InfoLink is 303,000 yuan/ton (tax included), the estimated purchase amount is about 130.896 billion yuan.

sprints to "the first stock of Malatang"! Yang Guofu's application for listing in Hong Kong has been approved for listing

Yang Guofu's Malatang plans to issue H shares on the Hong Kong Stock Exchange has recently been approved by the China Securities Regulatory Commission. Yang Guofu was approved to issue no more than 395 million overseas listed foreign shares, with a par value of RMB 0.1 per share, all of which are common shares. After completing this issuance, Yang Guofu will be listed on the main board of the Hong Kong Stock Exchange.

"Qianmao" Oriental Fortune's third-quarter revenue and net profit both turned negative

Oriental Fortune achieved revenue of 9.561 billion yuan in the first three quarters, a year-on-year decrease of 0.78%; net profit was 6.594 billion yuan, a year-on-year increase of 5.77%. At the same time, the investment income in the first three quarters was 1.171 billion yuan, a year-on-year increase of 137.46%, mainly due to the increase in investment income of trading financial assets .

China Banking and Insurance Regulatory Commission issued a document: Standardize Financial leasing company and other non-bank institutions companies are referred to as

The General Office of the China Banking and Insurance Regulatory Commission has recently issued a document to put forward specific requirements on the abbreviation of non-bank institutions such as auto finance companies, enterprise group financial companies, and financial leasing companies. For example, financial leasing companies should not be abbreviated as "XX Leasing", but should be "XX Financial Rental"; auto finance companies should not be abbreviated as "XX Auto"; enterprise group financial companies should not be abbreviated as "XX Finance". It is understood that this move is intended to ensure that institutions can clearly distinguish categories when promoting marketing and fully fulfill their notification obligations.

Shenzhen: Financing leasing companies shall not engage in business involving new local government hidden debts

On October 25, the Shenzhen Municipal Local Financial Supervision and Administration Bureau and the Shenzhen Qianhai Local Financial Supervision and Administration Bureau issued a notice that all financial leasing companies shall not engage in business involving new local government hidden debts.Random spot checks will be adopted to inspect the implementation of each financial leasing company, and to ensure that the situation of new hidden debts is "discovered, investigated and punished, and accountable."

4 Henan 4 enterprises' medium-term notes of 9 billion yuan and PPN were approved for registration

On October 25, Anyang Iron and Steel Group, Pingmei Co., Ltd., Pingdingshan Development Investment Holding Group, and Kaifeng Urban Operation Investment Group had a total of 9 billion yuan medium-term notes (MTN) and targeted tools (PPN) were approved for registration. Among them, the registered amount of Anyang Iron and Steel Group's medium-term notes is 4 billion yuan, which is mainly underwritten by Minsheng Bank . The registered amount of Pingmei Co., Ltd.'s targeted debt financing instrument is 2 billion yuan, and it is underwritten by CITIC Bank. Pingdingshan Development Investment Holding Group's targeted debt financing instrument registration amount is 2 billion yuan, and is jointly underwritten by Zhengzhou Bank and China Everbright Bank . The registered amount of Kaifeng Urban Operation Investment Group's targeted debt financing instrument is 1 billion yuan, and it is jointly underwritten by Huatai Securities and Zhengzhou Bank.

The three major U.S. stock indexes collectively closed up

The three major U.S. stock indexes collectively closed up , Nasdaq rose 2.25%, S&P 500 index rose 1.63%, and Dow Jones rose 1.07%. Large technology stocks rose across the board, Facebook rose more than 6%, Netflix rose more than 3%, Apple , Google , Microsoft rose more than 1%, Amazon rose slightly. Bank stocks rose collectively.

JPMorgan Chase firmly bullish on Chinese stocks: This round of decline is the time to buy

Hong Kong stocks and US stock market Chinese stocks both experienced a round of declines on Monday, among which, Nasdaq China Golden Dragon Index closed down 14.43% on Monday. But Wall Street investment bank JPMorgan Chase is still firmly bullish on Chinese stocks and believes that it is a good opportunity to buy now. The rapid decline of Chinese stocks is out of touch with the fundamentals of , and this round of selling wave provides stock investors with buying opportunities. Kolanovich believes that China's latest third-quarter GDP and other economic data released are surprising.

CICC: It is expected that by 2026, the total domestic production capacity of perovskite is expected to exceed 25GW

CICC research report believes that based on the current company's production capacity planning, it is expected that by 2026, the total domestic production capacity of perovskite is expected to exceed 25GW, and the annual output value of perovskite manufacturing and equipment industries is expected to exceed 40 billion yuan/10 billion yuan.

Galaxy Securities: Lithium salt prices will still have strong momentum to rise until the first quarter of next year

Galaxy Securities pointed out that the final transaction price of the 10th (the seventh time in the year) lithium concentrate auction this week was US$7,100/ton (SC5.5, based on the FOB price of Hedland Port). After counting freight, processing fee, value-added tax and other matters, the cost of the lithium ore auction to be converted into battery-grade lithium carbonate is about RMB 540,000/ton. The ore auctioned will be shipped and delivered in mid-November. After considering the logistics and processing cycle, the lithium salt produced from this batch of lithium concentrate is expected to enter the market for sale in February-March 2023. Considering that the cost price of lithium salt production in this batch of lithium concentrate is equivalent to the current domestic sales price of battery-grade lithium carbonate, this means that when lithium salt manufacturers are in short supply and demand, the price of lithium salt will still have strong momentum to rise until the first quarter of next year.

CITIC Securities: There is indeed pressure in the beauty industry in the short term Recommended top domestic targets

CITIC Securities stated that there is indeed pressure in the beauty industry in the short term, but when consumption recovers, the demand for beauty products is expected to rebound significantly. At the same time, from the perspective of customer unit price, the size of China's skin care products market still has 2 to 4 times the development space. Under the trend of rational consumption and improving awareness of "cost-performance ratio", competition in the future is expected to continue to focus more on products. At present, "pure beauty" has become a hot topic for international leading brands to make efforts, and domestic products have more advantages in plant extraction. We will focus on recommending top domestic product targets with rich accumulation of R&D resources and increasingly perfect system, as well as upstream beneficiaries of the industrial chain with increasing importance of R&D/raw material end and a certain resource accumulation.

Rich Sunak accepted the appointment of the British King and officially became the Prime Minister of the British

On October 25th local time, Rich Sunak, who had just been elected as the leader of the British Conservative Party, accepted the official appointment of the British King Charles III at Buckingham Palace and became the new British Prime Minister.Rich Sunak, 42, is the third prime minister in the past seven weeks and the first Asian prime minister in British history. According to the BBC, Sunak is also the youngest prime minister in the UK since 1812.

European Industry Association called on the EU not to sanction Russia's aluminum

European Aluminum Consumer Federation, the German Federal Economic Development and Foreign Trade Association, five European Industry Association, issued a joint statement on the 24th local time, requiring the European Commission and EU member states to take emergency intervention measures to prevent Russian aluminum from being sanctioned, boycotted, and imposed high tariffs, because this will pose a huge threat to the European aluminum industry, which may directly lead to the bankruptcy of thousands of companies in Europe and tens of thousands of people being unemployed.

Japan has seen the largest price increase in 30 years, and will continue to rise next year

. Against the backdrop of the sharp depreciation of the yen and the high global crude oil price , Japan's price increase in October this year reached the largest in 30 years. Starting from October, a total of 6,699 items of goods dominated by the 105 food manufacturers in Japan will be raised in full, and other products will also increase in prices in November and December. Throughout this year, the number of price-raising items in Japan may reach 20,665. Japan's electrical and gas fees also increased accordingly in October, and due to the international situation, prices are likely to continue to rise in 2023.

If you want to invest, look for opportunities in a bear market. Many people make frequent profits by investing in areas where no one can see potential.

—— Rogers

Editor: Gao Shuai | Review: Li Zhen | Director: Wan Junwei

Rich Sunak, 42, is the third prime minister in the past seven weeks and the first Asian prime minister in British history. According to the BBC, Sunak is also the youngest prime minister in the UK since 1812.

European Industry Association called on the EU not to sanction Russia's aluminum

European Aluminum Consumer Federation, the German Federal Economic Development and Foreign Trade Association, five European Industry Association, issued a joint statement on the 24th local time, requiring the European Commission and EU member states to take emergency intervention measures to prevent Russian aluminum from being sanctioned, boycotted, and imposed high tariffs, because this will pose a huge threat to the European aluminum industry, which may directly lead to the bankruptcy of thousands of companies in Europe and tens of thousands of people being unemployed.

Japan has seen the largest price increase in 30 years, and will continue to rise next year

. Against the backdrop of the sharp depreciation of the yen and the high global crude oil price , Japan's price increase in October this year reached the largest in 30 years. Starting from October, a total of 6,699 items of goods dominated by the 105 food manufacturers in Japan will be raised in full, and other products will also increase in prices in November and December. Throughout this year, the number of price-raising items in Japan may reach 20,665. Japan's electrical and gas fees also increased accordingly in October, and due to the international situation, prices are likely to continue to rise in 2023.

If you want to invest, look for opportunities in a bear market. Many people make frequent profits by investing in areas where no one can see potential.

—— Rogers

Editor: Gao Shuai | Review: Li Zhen | Director: Wan Junwei