[Financial Morning News] Tuesday, January 23, 2024

Daily Gold Song: Faye Wong- "No Regrets"

► Executive Meeting of the State Council: It is necessary to further improve the basic institutional mechanisms of the capital market, pay more attention to the dynamic balance of investment and financing, vigorously improve the quality and investment value of listed companies and increase the investment of medium and long-term funds in the market to enhance the inherent stability of the market. It is necessary to strengthen the supervision of the capital market, have "zero tolerance" for illegal and irregular behaviors, and create a standardized and transparent market environment. It is necessary to take more effective measures to stabilize the market and enhance confidence. It is necessary to enhance the consistency of macroeconomic policy orientations, strengthen the innovation of policy tools and coordination, and promote the stable and healthy development of the capital market.

► Securities Times: There are rumors that BlackRock is seeking to sell office buildings in Shanghai at a 30% discount. In response to this, BlackRock responded that it does not comment on individual investment projects, and the issues reported recently have nothing to do with BlackRock Funds and BlackRock Jianxin Wealth Management, and have no impact on their operations . Will continue to be committed to the long-term development strategy in China to meet the investment needs of domestic investors and help them achieve their financial goals.

► Finance Headlines App: On January 22, 2024, the Nikkei 225 index closed up 1.62% at 36,546.95 points, reaching a new 34-year high; The TOPIX index in Japan rose 1.4% to 2,544.92 points.

Macro economy

1. National Bureau of Statistics: Statistical falsification is the largest corruption in the field of statistics, seriously violates the Statistics Law, seriously affects the quality of statistical data, and interferes with or even misleads macro decision-making; Those who engage in statistical falsification and fail to detect statistical falsification will be punished with warnings or expulsion from the Party.

2. Office of the Central Committee of the Communist Party of China and the Office of the State Council: Issued the "Implementation Plan for Comprehensive Reform Pilot Program in Pudong New Area (2023-2027)", implementing a new type of data trading mechanism that is categorized and layered. Pilot the use of digital renminbi in areas such as trade settlement, e-commerce payment, carbon trading, and green electricity trading. Improve the institutional arrangements for the listing and financing of technology companies in the capital market, mergers and acquisitions, etc., and study the timely introduction of sci-tech innovation board option products. Foreigners invited to Pudong New Area for important scientific research, exchanges, business, and trade activities can apply for long-term multiple-entry valid visas.

3. Ministry of Foreign Affairs: Hong Kong's strong appeal to international talents has not diminished. From mid-2022 to mid-2023, Hong Kong's net population inflow reached 174,000, and there is no so-called "outflow tide" at all. From January to November 2023, the Hong Kong Special Administrative Region Government received more than 200,000 applications for various talent introduction programs, of which more than 120,000 were approved and 80,000 have arrived in Hong Kong, far exceeding the annual target of introducing at least 35,000 talents.

4. CCTV News: The Spring Festival travel rush in 2024 will start on January 26, and is expected to reach a historic high in scale, and corresponding preferential measures have been introduced for ticket prices. At present, the discounted train tickets for general-speed trains are mainly empty return trains during the Spring Festival period. Tickets for these trains are often in short supply on the outbound journey, but the seat occupancy rate is higher on the return journey.

5. China Meteorological Administration: On January 22, the Cold Wave Blue Alert was issued, and it is expected that the zero degree Celsius line will push south to the northern part of Guangxi and the northern part of Guangdong on January 23. On the 23rd and 24th, the minimum temperatures in Jiangnan, northern parts of South China, Guizhou, etc. can reach -8 to -1 degrees Celsius, and in central and southern South China, it can reach 0-8 degrees Celsius.

Real Estate News

1. Shell Research Institute: In January 2024, the average mainstream mortgage rate for first homes in 100 cities was 3.84%, a decrease of 2 basis points month-on-month; the average rate for second homes was 4.41%, staying flat month-on-month. Up to now, 60 cities among the top 100 cities have entered the "3 era" for the first home mortgage rates. In December 2023, there were 62 cities where new housing prices fell month-on-month, and 48 cities where prices fell year-on-year; prices of second-hand houses fell across the board.

2. 21st Century Economic Report: Recently, regulatory authorities have made it clear that the cities included in the transformation of urban villages and the construction of affordable housing will expand from the original 35 to 52 and 106 respectively The cities where the urban permanent population exceeds 3 million will expand to provincial capital cities or cities with a permanent population of over 2 million or 1 million. Projects that meet the conditions in the newly included cities can enjoy policy supports such as central budget investment, special bonds, and mortgage supplementary loans PSL, thereby stabilizing or even boosting real estate investment.

3. Sichuan Province: In 2023, focus on "three-in-one" progress in local debt resolution, clearing overdue corporate accounts, and "guaranteeing building delivery." Solidly promote the prevention and resolution of various types of debt risks, and the overall debt risk in the province is generally controllable. "Building delivery guarantee" delivered 202,000 sets, with a completion rate of 86.4%.