"Government Work Report" drafting group member, deputy director of Research Office of the State Council, Han Wenxiu, said that the economic growth target of 6.5% is left adequate leeway. In addition, the housing prices in some individual places have a relatively obvious upward momentum recently, some local governments are also taking measures in succession.
THE PEOPLE’S BANK OF CHINA (PBC) released the overall situation of payment business development in rural areas in 2016. personal bank settlement account and bank card numbers continue to increase, but the increase rate is slowing down. The opening of internet banking, mobile banking, telephone banking is still growing fast, but only mobile banking transactions continue to grow and grow very fast, internet banking transactions did not increase, while telephone banking transactions fell significantly.
General Administration Department of CHINA BANKING REGULATORY COMMISSION (CBRC) recently issued a notice, clarified relevant matters about foreign banks carrying out partial businesses. The notice stated that foreign-funded banks and Sino-foreign joint venture banks do not need to get administrative license from CBRC when carrying out treasury bond underwriting business in accordance with the law, but should report to the regulatory authorities within 5 days after the business being carried out. Those need to be approved by other departments according to the law should be done in accordance with their provisions.
National Development and Reform Commission (NDRC) and Ministry of Finance of the People's Republic of China issued a notice on the deepening of cotton target price reform, setting the target price level of Xinjiang cotton at 18,600 yuan per ton from 2017 to 2019. The main content of the reform is to improve the target price formation mechanism, reasonably determine the pricing cycle, and adjust the optimization of subsidies.
Ministry of Commerce of the People's Republic of China issued a notice on the implementation of "the opinions of General Office of the State Council of the People's Republic of China on promoting the innovation and transformation of entity retail". The Ministry of Commerce will work with the relevant departments to specially issue the division plan of implementing the key work of the "opinions", organize and establish the contact system of national key retail enterprises, develop and issue shopping center development index and convenience store prosperity index, carry out "special survey on retail enterprise technology application" and recruit plans for technological innovation.
Allianz Group released a report showing that in 2016 the total revenue of global insurance premium set a record high, reaching 3.65 trillion Euros, an increase of about 4.4% year-on-year. Among the 150 billion Euros of new premiums, about 70 billion Euros came from China, which means that China accounted for nearly half of the global premium increase.
China Securities Journal online news, on March 17th, Share Price Index Futures (SPIF) IC1706 contract in early trading once hit the daily limit, which was a re-emergence of a suspected fat finger case. Prior to this, on March 14th, the main contract market of Shanghai 50 Stock Index Futures intraday trading abnormally changed and approached the limit down. Femorning Research Office believes that the two suspected fat finger cases showed the lack of market liquidity despite the operational errors.
The National Agricultural Comprehensive Development Office released the work summary of 2016 and the main points of work in 2017. Among them, the main points of work in 2017 include concentrating on the construction of high standard farmlands, improving the policy to create the characterized industrial clusters of agricultural advantages, giving comprehensive agricultural development new kinetic energy through reform and innovation, supporting the new agricultural management bodies with multi-measures, helping to implement the poverty alleviation strategy for the over-all situation, promoting comprehensive management of agricultural ecology with measures suiting local conditions, strengthening management to enhance the comprehensive development level of agriculture.
BEIJING YOUTH DAILY news, on March 17th, BEIJING MUNICIPAL COMMISSION OF HOUSING AND URBAN-RURAL DEVELOPMENT, Beijing Municipal Commission of Urban Planning (BMCUP), Beijing Housing Provident Fund Management Center, Beijing Office of CHINA BANKING REGULATORY COMMISSION, and Operations Office of THE PEOPLE'S BANK OF CHINA jointly held a press conference stating that the Beijing property market regulation will be further upgraded. For the residents already having one set of housing in the city registered under his or her family, as well as the residents without housing in the city but with commercial housing loan records or provident fund housing loan records, the down payment ratio for the purchase of ordinary self-housing will be no less than 60%, the down payment ratio for the purchase of non-ordinary self-housing will be no less than 80%.
Nike Commercial (China) Co., Ltd. issued a statement on March 17th, saying that Nike Hyperdunk 2008 FTB shoes adopted the wrong propaganda information. For consumers who have purchased the problematic shoes, 4,500 yuan will be given with a lump sum refund while returning the goods. It is reported that the original price of the problematic shoes was 1,499 yuan and more than 300 pairs were sold.
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