Zhou Xiaochuan, the governor of THE PEOPLE’S BANK OF CHINA (PBC), said that the debt of China's central government doesn’t account very high of GDP, but it is necessary to adjust the relationship between the central government and local governments, adjust the financial rights and office authorities, and adjust the local fiscal policy limits. In addition, after years of quantitative easing of monetary policy, it has currently reached the end of the global cycle, which means that the monetary policy will no longer be loose.
HAITONG SECURITIES Jiang Chao believes that the growth in power generation capacity was nearly 10% in the past six months, the growth rate of excavators and heavy trucks was 50% and 100%, which means that China's economy has clearly stabilized and rebound, but the main driving force comes from the financial and monetary stimulus. Whether it is THE PEOPLE’S BANK OF CHINA (PBC) raising the policy interest rate twice, the unchanged fiscal deficit rate, the substantial reduction of local debt replacement quota, or the continued efforts of local real estate regulation, they all mean that the policy is changing from the stimulus to tightening, which also means that the economic recovery is not sustainable, anti-risk becomes the main goal, reform promotion is the only hope.
Former chief economist of THE WORLD BANK, Lin Yifu, believes that to carry out appropriate infrastructure investment through the adoption of a proactive fiscal policy, not only can create a large number of employment, but also make up for the short board that constrained economic growth in the past. On the contrary, due to the uncertainty of the future, the desire of social capital investing in entity industry is very low. The implementation of loose policy at this point, it is easy for the capital flowing into investment or speculation field like the stock market or property market, causing greater bubble.
Li Xunlei from Qilu Securities (Shanghai) Asset Management Co., Ltd. said that the registration system is written in the document of the Third Plenary Session of the 18th Central Committee of the Communist Party of China, and now the 19th National Congress is coming soon, if not pushed, it is no longer in sight. I am afraid that the real launch of the registration system will be in 2020, GDP growth is always better than expected, but the reform is always not as good as expected.
Caixin.com news, the new rules of the outsourcing custom fund touched the floor, the determination of supervision "de-channelization" is obvious. But there are always countermeasures under the policies, the market also discussed a number of circumvention measures recently, such as channel split share or "rigged up share" and so on. A number of fund sources said that the above methods are feasible, but there are also many difficulties. At the same time, the new rules also brought the fund companies new operational problems, it will have a certain impact on the normal operation of products.
Zhongshan City of Guangdong Province issued "the notice on the further promotion of the stable and healthy development of the city's real estate market". The Notice proposed that households with Zhongshan residence registration that have three or more sets of housing are suspended to buy new commodity housing; households without Zhongshan residence registration but have paid social securities in the city for half a year are allowed the purchase of one set of new commodity housing. The minimum down payment ratio of the first suite should not be less than 30%, the minimum down payment ratio of the second suite should not be less than 40%.
Ministry of Science and Technology of the People’s Republic of China said that there are only 70 "unicorn" enterprises in China in 2015, and the number reached 131 in 2016, of which the majority was technology-driven enterprises, and 104 of which were emerged in the national high-tech zones. Beijing, Shanghai, Shenzhen and Hangzhou become mainly concentrated areas of China's "Unicorn" enterprises, they all have more than 10. "Unicorn" enterprises are those who set up within 10 years, with the valuation of more than $1 billion, have accessed to private equity investment and have not yet listed.
BEIJING YOUTH DAILY news, Beijing introduced measures to cool down for the school district housing. This year, primary school enrollment will continue to expand the multi-school scribing, and the specific school district will be determined through the random way, which means that school district "one on one" enrollment will increase the uncertainty. In addition, the practice of famous schools opening branches out of Beijing has been halted, there will be 25 high quality schools added in the six districts in two or three years.
PingAn Bank announced that as of March 24th, the loan balance of Guanfeng Co., Ltd. in PingAn Bank was 2.142 billion Hong Kong dollars, the pledged Huishan Dairy shares totaled 3.434 billion shares. PingAn Bank and its controlling shareholder, Ping An Insurance (Group) Company of China, Ltd., is not holding Huishan Dairy shares. At present, Huishan Dairy stock has been suspended, PingAn Bank will take various measures to ensure the safety of credit funds.
GUANGMING DAILY news, in 2005, China's production capacity of feature film was 220, the national box office was 2 billion yuan. In 2016, the domestic feature films were 772, the national box office was 49.2 billion yuan, ranking second in the world, the city mainstream cinema screen number was 41,179 block, leapt to the first in the world, active film shooting entities were more than a thousand.
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