[Finance Morning Briefing] January 21, 2024, Sunday

Daily Hit Song:BLUE- "U Make Me Wanna"

► China Economic Review:The list of per capita income rankings in 31 provinces for 2023 has been released.Shanghai and Beijing both surpassed a per capita disposable income of 80,000 yuan for the first time, ranking first and second respectively; Zhejiang ranked third with 63,830 yuan, being the only province with more than 60,000 yuan. Jiangsu and Tianjin have been promoted from the "40,000 yuan club" to the "50,000 yuan club". Guangdong is just one step away from the "50,000 yuan club".

► National Health Commission and 8 other departments:Issued a joint notice on "Comprehensive Implementation of Healthy Family Construction", with the goal of having no less than 25% of the national residents reach a certain level of health literacy by 2025; by 2030, no less than 30% of the national residents will have that level of health literacy. Each village (community) will be equipped with 1 to 2 family health counselors, and by the end of 2025, more than 90% of villages (communities) will be covered; by the end of 2030, all villages will be covered.

 Macroeconomics 

1. People's Daily:Maintaining financial security is a strategic and fundamental matter that affects the overall development of our country's economy and society.On the path to progress, we must adhere to bottom-line thinking, enhance our awareness of risks, comprehensively strengthen financial regulation, not overlook any risk or neglect any potential threat; we must effectively improve the effectiveness of financial regulation; resolutely combat corruption, prevent moral risks, and crack down on financial crimes severely.

2. Economic Daily: The leap from "big" to "strong" is an inevitable requirement for promoting the high-quality development of China's finance and an essential part of building a strong country. We need to seize the key core elements, accelerate the construction of a distinctive modern financial system with Chinese characteristics. Based on the present and looking to the future, we need to establish a sound and scientific financial regulatory system, a financial market system with a rational structure, and a comprehensive and effective financial supervision system, while also ensuring the stable and healthy development of the financial industry, enhancing its resilience to risks, and implementing risk mitigation measures in a solid and prudent manner.

3. China Banking and Insurance Regulatory Commission:We must steadfastly follow the path of China's distinctive financial development and use high-quality financial development to promote the construction of a strong financial nation; we must be sharp, with edges and corners, and dare to struggle, dare to confront challenges, implement our measures to the end, investigate matters thoroughly, and forge a loyal, clean, and responsible financial regulatory force; effectively prevent and resolve major financial risks.

4. Shanghai Municipality: Promoting high-level opening-up in finance with institution-based focus, better coordinating onshore and offshore businesses, strengthening the interconnection of domestic and foreign financial markets, and enhancing cross-border investment and financing facilitation; providing targeted financial support at various stages of technological innovation and enriching the system of green financial products; strengthening the construction of modern financial institutions and financial infrastructure, attracting more foreign-funded financial institutions, international financial organizations, and long-term capital to come to Shanghai for business expansion.

5. China Railway Group Shanghai Bureau: As of January 20, various railway stations in the Yangtze River Delta region have received charter train requests for 49 batches of passengers, with a total of more than 12,400 people, mainly concentrated in the direction of Shaanxi, Guiyang, Chengdu-Chongqing, Qiqihar, and other places. Some routes have no regular train service, so the railway department has specifically added temporary train services. The railway departments in the Yangtze River Delta plan to add 369.5 pairs of passenger trains and actively cope with the surge in passenger travel during the Spring Festival.

6. China Meteorological Administration: From January 20 to 23, the first cold wave of 2024 will affect our country. Inner Mongolia and other regions in the central and western parts have already experienced temperature drops of 6-10 degrees Celsius, with some areas experiencing temperature drops of over 14 degrees Celsius. It will also be accompanied by winds of force 6-8, with local gusts of force 9. It is predicted that the cold wave will continue to move eastward and southward and will continue to issue cold wave blue alerts.

 Real Estate News 

1. Sichuan Province: Released the "Policy Measures to Honor 'Sichuan Craftsmen'". "Sichuan Craftsmen" refers to industrial workers who have craft expertise and mastery of exceptional skills, with a high level of recognition and a leading role in their field or industry. For the purchase of newly-built commercial housing by "Sichuan Craftsmen," local governments can provide certain housing subsidies according to local conditions and appropriately increase the maximum amount of housing provident fund loans; by presenting relevant certifications, they can purchase commercial housing in cities with purchase restrictions in the province without being subject to restrictions imposed by social security and household registration, etc.

2. Shandong Province:Construction of 8,000 sets of allocated affordable housing in Jinan and Qingdao, and construction of 219,000 resettlement housing units for urban village transformation; in coordination with the National Development and Reform Commission, promote the implementation of "dual-purpose" public infrastructure projects, with a total investment of over 90 billion yuan.

3. Securities Times: During the period from December 25 to 30, 2023, Suzhou Taicang Wanda Plaza, Huzhou Wanda Plaza, and Shanghai Jinshan Wanda Plaza were intensively transferred, and the transferees were all companies under China-联基industry. Wanda has so far transferred 10 Wanda Plazas.

4. Vanke: Recently, there have been reports online by Yantai BaiRun Real Estate accusing