National Bureau of Statistics of the People's Republic of China (NBS) released data showing that from January to February, the total profit of Value-added of Industrial Enterprises above Designated Size had a growth of 31.5% year-on-year, the growth rate accelerated 29.2 percentage points than December of the previous year, and sped up 23 percentage points than the previous whole year. From January to February, industrial profits rose relatively fast, which relied more on the rapid price rise of coal, steel, crude oil and so on. Although the profit grew faster in coal, steel, oil and other industries, it is still recovered growth.
THE PEOPLE’S BANK OF CHINA (PBC) news, 2017 Cross-border RMB Business and the Relevant Monitoring and Analysis Work Conference was held on March 22nd. Yin Gang, the deputy governor of PBC stressed that the RMB internationalization is a medium and long-term strategy, we need to maintain the strength and realize the goal steadily. The Conference stressed to further deepen the reform of the RMB exchange rate formation mechanism and steadily promote the convertibility of RMB capital projects.
As of the closing on March 27th afternoon, bulk commodity encountered "black" Monday, it was all green in the market. Energy chemicals and black commodities suffered a major setback. Iron ore, coking coal and rubber fell more than 5%; hot rolls fell 3.76%, PP fell 3.62%, soybean fell 3.02%. Femorning Research Office prompted the risk of short-term adjustment of iron ore after the close in the afternoon of March 15th.
State Administration of Foreign Exchange (SAFE) news, at the end of 2016, China's outbound financial assets in the banking industry was $877.6 billion, the outbound debt was $964.5 billion, the outbound net debt was $86.9 billion, of which the RMB net debt was $185.3 billion, the foreign currency net assets were $98.4 billion.
ECONOMIC INFORMATION DAILY news, because China still needs to rely on real estate and infrastructure investment to steady growth, real estate and infrastructure financing is still accounting for a high proportion of total financing. Forced suppressing on the financing of these two fields can not achieve the transformation of economic structure, it will only make "financing difficulties" in the real economy emerge. Macro prudent management needs to identify the key point and find the balance between easing and tightening, otherwise it will be solving one problem only to find another cropping up.
China Securities Journal news, recently, cases of "'tripartite transactions' by transferring control right to A, buying assets from B and leading to fundamental changes in the main business in order to avoid having to restructure to be listed" appears frequently. However, in the regulatory ideas of “paying more attention to the essence, not the format”, these "backdoor-type" transactions have repeatedly been denied. Analysts pointed out that regulators’ attitude to the "backdoor-type" cases has been very clear, it will be very hard to get passed with the expectation to avoid restructuring to be listed and achieve the purpose of arbitrage.
China Business Network Co., Ltd. (CBN) news, on March 27th, Ministry of Industry and Information Technology of the People's Republic of China and POSTAL SAVINGS BANK OFCHINAsigned the "strategic cooperation agreement on financial services for small and medium-sized enterprises (SME)". In the next five years, POSTAL SAVINGS BANK OF CHINA will, with support from all levels of industry and information sector, construct 600 small micro-business characterized branches, and cumulatively give 500 billion yuan of credit support to key projects from Ministry of Industry and Information Technology’s "planning to promote SME development(2016 - 2020)" and projects and SME supported by special actions.
CHINA ENVIRONMENT NEWS reported, Haikou Power Plant of Huaneng Hainan Power Inc., Nine Dragons Paper (Chongqing) Limited, Zhejiang Jingxing Paper Joint Stock Co., Ltd., Veolia Changyang Thermal (Chongqing) Co., Ltd. and other enterprises got the pollution discharge permit from the local environmental protection departments, becoming the first batch of enterprises to obtain China’s only coded pollution discharge permit.
Vanke president Yu Liang said that Vanke's vision is "trillion-level large Vanke", referring not to the market value, but to the construction of ecosystem, the relevant business volume of industry and social contribution reaching the level of one trillion. At the same time, Vanke is willing to see Shenzhen Metro Group to become the cornerstone of the shareholders, "track transportation + property" is the model that Vanke is very optimistic with.
China Securities Journal online news, according to foreign media reports, OPEC officials urged member countries to cut crude oil production in accordance with the agreement reached last year, warning that if to do not, the crude oil market will continue to be under pressure. OPEC, composed of 13 oil-producing countries, controls about one-third of the world's crude oil production.
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