Hi everyone. I』m Stephanie LI.
大家好，我是主持人李瑩亮。
Coming up on today』s program.
重點提要
Chinese and Hong Kong securities regulators agreed to further expand the scope of eligible stocks under the mainland-Hong Kong Stock Connect.;
China unveils 20 measures to build basic systems for data.
Here』s what you need to know about China in the past 24 hours
中國經濟要聞
The top securities regulators in the Chinese mainland and the Hong Kong SAR said on Monday that they have agreed in principle to expand the range of stocks eligible under the Stock Connect program between the two capital markets.
The move seeks to further deepen mutual stock market access between the Chinese mainland and the HKSAR and promote the development of both capital markets, according to a joint statement released by the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission.
The Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect, which started operating in 2014 and 2016 respectively, give mainland and international investors direct access to each other's stock markets.
For northbound trading, eligible stocks will include constituent stocks of the Shanghai Stock Exchange A Share Index and the Shenzhen Stock Exchange Composite Index that have a market capitalization of 5 billion yuan or above and meet certain liquidity criteria.
Stocks of companies listed on the two mainland exchanges that have issued both A shares and H shares will also be included.
For southbound trading, the scope of eligible stocks will be expanded to include stocks of foreign companies primary-listed in Hong Kong that are constituents of the Hang Seng Composite Indices and meet relevant criteria.
Also, the scope of southbound eligible stocks under Shanghai-Hong Kong Stock Connect will be aligned with that under Shenzhen-Hong Kong Stock Connect to include constituents of the Hang Seng Composite SmallCap Index with a market capitalization of HK$5 billion or above.
Preparations for the expansion of eligible stocks will take about three months, and the stock exchanges will announce the official launch date in due course, the statement said.
After the expansion, stocks to be included in the Stock Connect are expected to cover more than 80 percent of the trading volume of stocks in the mainland and Hong Kong markets respectively.
Hong Kong's Chief Executive John Lee Ka-chiu said it will further strengthen "the city's role as a bridge to connect investors in China and overseas", while Financial Secretary Paul Chan Mo-po also said it will be helpful to "lure other high-quality international companies to be listed in the SAR」.
12月19日，為進一步深化內地與香港股票市場交易互聯互通機制，中國證監會、香港證監會發佈聯合公告稱，原則同意兩地交易所進一步擴大股票互聯互通標的範圍。
公告明確，此次股票互聯互通擬雙向擴大標的範圍，滬深股通的標的範圍調整為：市值50億人民幣及以上且符合一定流動性標準等條件的上證A股指數/深證綜合指數成份股，以及上海證券交易所/深圳證券交易所上市的A+H股公司的A股。港股通的標的範圍調整為：在現行港股通股票標的基礎上，納入恒生綜合指數內符合有關條件的在港主要上市外國公司股票，即屬於恒生綜合大型股指數、恒生綜合中型股指數、市值50億元港幣及以上的恒生綜合小型股指數成份股的在港主要上市外國公司，根據現行規定納入港股通；將滬港通下港股通標的範圍擴大至與深港通下港股通一致，即滬港通下港股通納入市值50億元港幣及以上的恒生綜合小型股指數成份股。
經中國證監會和香港證監會同意後，交易所可對標的納入的具體條件、調整機制等作出規定。從本聯合公告發佈之日起至上述方案正式實施，需要3個月左右準備時間，正式實施時間將由交易所另行通知。
滬深交易所相關負責人當天均表示，此次標的範圍擴大，是深化兩地資本市場務實合作的又一有力舉措，對促進兩地市場協同發展具有積極意義，並將助力內地資本市場實現更高水平雙向開放。滬深交易所將會同相關各方抓緊修改完善相關業務規則，完成標的擴容相關的業務和技術準備工作，以確保相關方案順利落地實施。
有機構測算，這一變化下，預計按照指數成分和市值要求篩選的滬深股通（北向交易）合資格標的篩選範圍從原有的1458隻或增加至2516隻，覆蓋A股市場的數量比例由28.9%或提升到50.2%；港股通（南向交易）的標的範圍，則共有6家公司可能符合納入標準。滬港通下的港股通中，則預計目前在深港通下的167隻標的也將符合滬港通下可交易範圍。
China on Monday released 20 measures to build basic systems for data, aiming to give full play to China's massive data and rich application scenarios to strengthen the digital economy and boost high-quality economic development, while also stressing regulations to protect national security related to data transactions. According to the document, the country will build basic data systems in four aspects, including data property rights, circulation and transaction, revenue distribution and security governance. The measures also called for the building of a mechanism for data security compliance and orderly cross-border circulation, which supports international exchanges and cooperation in data and calls for exploring safe and standardized cross-border data flow.
「數據二十條」發佈：近日，中共中央、國務院對外發佈了《中共中央 國務院關於構建數據基礎制度更好發揮數據要素作用的意見》，又稱「數據二十條」，構建了數據產權、流通交易、收益分配、安全治理等4項制度，共計20條政策措施。在數據產權方面，提出推進公共數據、企業數據、個人數據分類分級確權授權，建立數據資源持有權、數據加工使用權、數據產品經營權等分置的產權運行機制。在流通交易方面，提出完善數據全流程合規和監管規則體系，統籌構建規範高效的數據交易場所，培育數據要素流通和交易服務生態，構建數據安全合規有序跨境流通機制。在收益分配方面，提出健全數據要素由市場評價貢獻、按貢獻決定報酬機制，更好發揮政府在數據要素收益分配中的引導調節作用。在安全治理方面，提出創新政府數據治理機制，壓實企業的數據治理責任，充分發揮社會力量多方參與的協同治理作用。
Moving on to regional highlights
區域觀察
China's State Council said Tuesday that it has allowed a further six cities to launch comprehensive pilot programs for opening up the service sector. The six cities, which are Shenyang, Nanjing, Hangzhou, Wuhan, Guangzhou and Chengdu, can carry out the pilot programs for a period of three years, starting from the date when their plans for the programs were approved. The six cities are urged to speed up reform and opening up in the service sector, accelerate development of modern services, and forge new advantages in international competition and cooperation, according to the State Council.
六市獲批開展服務業擴大開放綜合試點：12月20日，中國政府網發佈《國務院關於同意在瀋陽等6個城市開展服務業擴大開放綜合試點的批複》，廣州、瀋陽、南京、杭州、武漢、成都等六市獲批開展服務業擴大開放綜合試點，期限為自批複之日起3年。這是自2015年北京率先實施服務業擴大開放綜合試點以來，該項試點首次在地市級落地。試點總體方案將於近期由國務院授權商務部印發。
Greater Bay Area, Greater future
新使命，大未來
Guangdong Province announced Tuesday that private cars in Macau can now apply to enter the mainland. After successful booking, Macau private cars can enter Guangdong via the Hong Kong-Zhuhai-Macau Bridge starting Jan.1. It is estimated that about 80,000 private car owners in the SAR will benefit from the new policy.
澳門私家車將正式入粵：廣東省公安廳交通管理局局長鄧正雨介紹，目前「澳車北上」政策實施各項準備已經就緒，即日（12月20日）起施行，今天14時開始接受澳門私家車申請，從2023年1月1日零時起，「澳車北上」澳門私家車將正式入粵，成功預約後的澳門私家車屆時可依時於當天經港珠澳大橋珠海公路口岸駛入廣東。預計約8萬澳門私家車車主可享受這個政策紅利。
Next on industry and company news
產業及公司新聞
China's National Medical Products Administration (NMPA) said Tuesday the current raw material for two antipyretics, ibuprofen and acetaminophen, is sufficient, and the production capacity for the two medicines is being released amid surging market demand. Data from NMPA showed that 446 domestic companies hold production licenses for producing ibuprofen, 104 of which were in operation in 2021; 986 companies have been permitted to produce acetaminophen with 111 companies in operation as of 2021.
布洛芬、對乙酰氨基酚等藥品原料產能充足：20日國家葯監局表示，目前，我國已經上市的退熱、止咳、抗菌、抗病毒等四類藥品共有194種，涉及批准文號約9000多個。雖然布洛芬、對乙酰氨基酚等防疫藥品需求量大，但原料產能充足，能夠滿足國內製劑的生產需求。根據2021年企業年度報告數據，布洛芬的有效文號共446個，其中2021年在產104個；對乙酰氨基酚的有效文號共986個，其中2021年在產111個。在有關部門協調支持下，目前，這兩個品種的在產製劑企業都在逐步釋放產能。
A cargo flight using China's self-developed aviation biofuel has arrived in Belgium after a 12-hour journey from Hangzhou, East China's Zhejiang Province, marking the first time that the country uses such fuel for an international cargo route since it was mass produced this year, according to Sinopec Group on Monday.
生物航煤綠色國際貨運首飛：中國石化12月19日發佈消息，首次加註我國自主研發生物航煤的國際貨運航班，從杭州起飛，經過12個小時飛行，安全抵達比利時。這是今年我國自主研發生物航煤首批規模化生產以來，國際貨運航線首次開啟可持續燃料綠色航空。
China has cut the retail prices of gasoline and diesel from Tuesday based on recent changes in international oil prices. Gasoline and diesel prices will be reduced by 480 yuan and 460 yuan per ton, respectively, the NDRC said Monday. Car owners can save 19.5 yuan to fill up a 50-liter tank.
今起油價再迎下調：據國家發改委消息，根據近期國際市場油價變化情況，按照現行成品油價格形成機制，新一輪成品油調價窗口將於今天0點開啟，國內汽、柴油價格每噸分別降低480元和460元。按照油箱容量為50升的私家車為例，加滿一箱92號汽油將節省19.5元。此次調價過後，今年成品油調價呈現「十三漲十跌一擱淺」的格局。
Shares in Shanghai Fosun Pharmaceutical Group advanced today after the Chinese drugmaker said that it has been granted formal approval from the Hong Kong government to take the mRNA Covid-19 vaccines developed by Germany』s BioNTech, for which Fosun Pharma is exclusive China distributor, to market. The two vaccines are now available at hospitals and clinics in Hong Kong and those who wish to be inoculated should first obtain a prescription from a doctor, the Shanghai-based drugmaker added.
復必泰新冠疫苗在港正式註冊：12月19日復星醫藥宣布，mRNA新冠疫苗復必泰BNT162b2以及復必泰二價疫苗均獲正式註冊為中國香港藥品/製品。此前，復必泰BNT162b2、相關兒童劑型、及幼兒劑型以及復必泰二價疫苗已分別獲中國香港緊急使用認可（EUA）用於當地政府接種計劃。復星醫藥相關人士表示，上述疫苗在本次註冊後，有接種意願的人士可憑當地醫生處方於位於中國香港的醫療機構或診所接種該等疫苗，使用範圍將不再限於當地政府接種計划下的接種，意味着內地居民未來可以去香港自費接種復必泰。
AIA is set to invest a total of 8.7 billion yuan in its first-ever real estate project in Shanghai. The insurer obtained the north bund plot by splashing out over 5 billion yuan to acquire a 90 percent stake in a project company from units of Shanghai Industrial, a Hong Kong based company mostly owned by the Shanghai government, according to the latter's filing yesterday.
友邦50億拿下上海外灘地產項目：12月19日，友邦人壽保險有限公司於上海聯合產權交易所簽訂產權交易合同，以合計人民幣約50.3億元，投得上海實森90%股權以及其100%股東借款債權。交易完成後，友邦人壽將控股上海實森，從而獲得上海北外灘89街坊地產項目。友邦人壽方面表示，該項目整體預計於2023年上半年竣工，公司將為完成此項目的建設和後續的運營繼續提供資金，預計項目總投資不超過人民幣87億元。
Switching gears to financial news
金融市場消息
China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.65 percent Tuesday, unchanged from the previous month. The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 4.3 percent, according to the National Interbank Funding Center.
12月LPR維持不變：2022年最後一期貸款市場報價利率（LPR）出爐，連續四個月保持不變。中國人民銀行授權全國銀行間同業拆借中心公布，2022年12月20日貸款市場報價利率（LPR）為：1年期LPR為3.65%，5年期以上LPR為4.3%，均與上月保持一致。
The Shanghai branch of the People's Bank of China has launched a pilot project in the China (Shanghai) Pilot Free Trade Zone (FTZ) to allow firms to combine yuan and overseas currencies accounts into one, according to media reports on Monday. A total of 242 business outlets from five financial institutions, including the Bank of China and the Industrial and Commercial Bank of China, in the FTZ have participated in the project.
上海自貿區本外幣合一銀行結算賬戶體系試點啟動：中國人民銀行上海總部19日在中國（上海）自由貿易試驗區啟動本外幣合一銀行結算賬戶體系試點。參與本次試點的有中國工商銀行、中國農業銀行、中國銀行、中國建設銀行、招商銀行上海（市）分行等5家銀行業金融機構在中國（上海）自由貿易試驗區的242個營業網點。
Wrapping up with a quick look at the stock market
股市收盤情況
Chinese stocks slumped on Tuesday as the country grappled with surging COVID-19 cases, with the benchmark Shanghai Composite losing 1.07 percent, and the Shenzhen Component fell 1.58 percent. Hong Kong stocks closed with more losses. The Hang Seng index shed 1.33 percent, while the TECH index plunged 3.12 percent.
A股港股繼續走低：周二，A股三大指數全天低開低走，截至收盤，滬指跌1.07%，深成指跌1.58%，創業板指跌1.53%，滬深兩市全天成交額6398億元。港股繼續走低，恆指收跌1.33%，恒生科技指數收跌3.12%。
Biz Word of the Day
財經詞彙劃重點
Stock Connectis a pilot program established upon the Mutual Market Access model. For the first time ever, investors in the Mainland and Hong Kong markets are able to have direct access to each other』s stock markets. Under Stock Connect, Hong Kong and overseas investors and their brokers can source market data through information vendors and public websites.
滬港通及深港通是內地與香港市場互聯互通機制試點計劃。互聯互通機制讓兩地市場的投資者可直接進入對方市場進行投資。滬港通及深港通是一項市場互聯互通計劃，香港與中國內地投資者可透過當地市場的交易所及結算所，買賣和結算在對方市場上市的股票。
Executive Editor: Sonia YU
Editor: LI Yanxia
Host: Stephanie LI
Writer: Stephanie LI
Sound Editor: Stephanie LI
Graphic Designer: ZHENG Wenjing, LIAO Yuanni
Produced by 21st Century Business Herald Dept. of Overseas News.
Presented by SFC
編委: 於曉娜
策劃、編輯：李艷霞
播音：李瑩亮
撰稿：李瑩亮
音頻製作：李瑩亮
設計：鄭文靜、廖苑妮
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