International and China finance12.4

The Fed’s “Beige Book” shows weak corporate optimism
The National Economic Situation Survey Report released by the US Federal Reserve on the 2nd showed that as the new crown epidemic continues to raging, corporate optimism about the economic outlook has weakened. The report shows that compared with the previous report in October, most jurisdictions have achieved moderate or moderate economic expansion, but the economies of four jurisdictions including New York and Philadelphia are still stagnant, and economic activities in some jurisdictions have slowed since early November. In terms of employment, almost all jurisdictions have seen employment growth, but most jurisdictions have seen slow employment growth.

Chairman of 48 British Group Clubs: Eliminating poverty through reform and opening up is valuable experience
Stephen Perry, chairman of the British 48 Group Club, recently stated that “for all countries trying to get rid of poverty, eradicating poverty through reform and opening up is a valuable experience China provides to the world”. Perry said that through decades of determined reforms and open markets, China’s economy has continued to grow, which provides the most important material guarantee for poverty eradication.

OECD: China will contribute more than one-third of global economic growth next year
The Global Economic Outlook report released by the Organization for Economic Cooperation and Development recently predicted that the global economy will grow by 4.2% in 2021, and China will contribute more than one-third of global economic growth. The global economy will shrink by 4.2% this year, and the Eurozone and US economies are expected to shrink by 7.5% and 3.7% respectively. China’s economy will grow by 1.8%, making it the only major economy to achieve positive growth.

The People’s Bank of China China Banking and Insurance Regulatory Commission issued the “Measures for the Evaluation of Systemically Important Banks”
In order to improve the regulatory framework of my country’s systemically important financial institutions and establish a systemically important bank evaluation and identification mechanism, the People’s Bank of China, in conjunction with the China Banking and Insurance Regulatory Commission, formulated the “Measures for the Evaluation of Systemically Important Banks”, which is now officially released. The main contents of the “Assessment Measures” include: First, clarify the purpose of the assessment. The second is to determine the evaluation method. The third is to clarify the evaluation process.

Bank
The central bank launches a 10 billion yuan reverse repurchase operation
On the 3rd, the People’s Bank of China launched a 7-day reverse repurchase operation of 10 billion yuan through an interest rate bidding method. The winning interest rate was 2.2%, which was the same as the previous time. On that day, 80 billion yuan of reverse repurchases expired, and the central bank realized a net return of 70 billion yuan.

The Shenzhen Stock Exchange’s credit protection certificate business officially landed
On the 2nd, the Shenzhen Stock Exchange’s first batch of pilot projects for credit protection certificates was successfully issued, marking the official launch of Shenzhen’s credit protection certificate business. It is understood that this is another beneficial exploration and practice of actively using market-oriented methods to support direct financing of private enterprises, effectively maintaining the healthy and stable development of the exchange bond market, and better playing the role of the capital market in serving the real economy.

China Insurance Innovation and Development Conference will be held in Wuhan
The China Insurance Innovation and Development Conference co-sponsored by the Insurance Industry Association of China and Wuhan Municipal People’s Government will be held in Wuhan on December 6. The theme of this conference is “Assemble the strength of the insurance industry to boost the recovery of Wuhan after the epidemic”, which is divided into a main forum and a sub-forum.

China Development Bank’s 42.5 billion yuan financial bonds were successfully listed on the Singapore Exchange
The 42.5 billion yuan financial bonds issued by China Development Bank were successfully listed on the Singapore Exchange on the 3rd. The listed bonds have maturities of 1, 3, 5, 7, 10, and 20 years, and the issuance rates are 2.78%, 3.19%, 3.38%, 3.44%, 3.69% and 3.98%, respectively. The relevant person in charge of the China Development Bank’s Treasury Bureau said that the listing of China Development Bank bonds on the Singapore Exchange will help better attract Singapore and overseas institutional investors and further strengthen China-Singapore financial market connectivity.

Macau: Fruitful Results of International Infrastructure Investment and Construction Summit Forum
The 11th International Infrastructure Investment and Construction Summit Forum held in Macau closed on the 3rd. The forum attracted more than 1,000 people from all walks of life from 42 countries and regions. At the signing ceremony held on the 3rd, the Chinese and foreign parties signed a total of 12 cooperation agreements, mainly covering traffic roads, housing construction, photovoltaic power plants, wind power and other fields.

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