THE PEOPLE’S BANK OF CHINA (PBC) and other four departments jointly issued "the guidance opinions on the financial support for the construction of a manufacture power country". The "Opinions" clarified to vigorously develop multi-level capital market and strengthen the financial support for the transformation and upgrading of manufacturing. The work includes to speed up the promotion of the listing or listed financing of high-tech manufacturing enterprises and advanced manufacturing enterprises, design and develop innovative bond varieties in line with the features of advanced manufacturing and strategic emerging industries, and support the credit asset securitization of the manufacturing sector.
ECONOMIC INFORMATION DAILY news, as of March 27th, a number of banks have announced the 2016 performance report. The report data shows that most of the bank's housing mortgage loans have increased significantly over the previous year. Industry insiders said that the proportion of personal housing mortgage loans in the banks’ new loans will have a substantial decline this year, and its growth rate will certainly reduce significantly.
CHINA BANKING REGULATORY COMMISSION (CBRC) news, as of the end of February, the total assets of banking financial institutions has reached 229.99 trillion yuan, an increase of 14.6% year-on-year, the total liabilities was 212.26 trillion yuan at the same period, an increase of 14.7% year-on-year. In the whole banking financial institutions, commercial banks accounted an absolute share, of which the total assets reached 179.75 trillion yuan, accounting for 78.2%, the total liabilities amounted to 166.42 trillion yuan, accounting for 78.4%.
National Development and Reform Commission (NDRC) news, on March 27th, the inter-ministerial joint meeting of the development work for the iron and steel industry to resolve excess capacity and overcome difficulties held the meeting of the iron and steel production decapacity in Beijing. The meeting pointed out that, in 2017, an excess capacity of about 50 million tons will be resolved, "zombie enterprises" will be the effectively disposed, backward production capacity will be eliminated, the “ground bar steel” will be completely banned in first half of 2017 and so on, these are the hard targets and hard tasks that must be achieved.
CHINANEWS reported, Beijing Municipal Commission of Urban Planning (BMCUP) issued a notice that the draft of "Beijing City Master Plan (2016 - 2030)" has been completed. The draft proposed that, by 2020, the population size will be controlled within 23 million people; PM2.5 annual average concentration will be controlled within 56 micrograms/cubic meter by 2020.
National Development and Reform Commission (NDRC) news, from 24:00pm March 28th, 2017 onwards, the domestic gasoline and diesel prices will be reduced by 230 yuan and 220 yuan per ton. From the aspect of national average, the price of No. 90 gasoline will reduce 0.17 yuan per liter, the price of No. 92 gasoline will reduce 0.18 yuan per liter, the price of No. 95 gasoline will reduce 0.19 yuan per liter, the price of No. 0 diesel will reduce 0.19 yuan per liter. According to the general estimation of household fuel tank capacity as 50 liters, 9 yuan will be saved to fill a tank of No. 92 gasolin.
CHINANEWS reported, Jiangsu Provincial Commission of Housing and Urban-Rural Development issued the notice about issuing "key points of 2017 the province's real estate market supervision". It proposed the main points of the supervision of the property market, to establish and improve the early warning mechanism, to supervise and guide various regions to investigate the base number of delayed real estate projects, to explore innovative path of solution, and to proper dispose "unfinished" project.
21st Century Business Herald news, on March 28th, China Huishan Dairy Holdings Company Limited released a notice about its shares unexpectedly drop. It denied that the controlling shareholder Yang Kai inappropriately used 3 billion yuan from the group to invest in real estate. And it denied that it had approved the production of any false documents, BANK OF CHINA (BOC) confirmed that it did not audit the company itself, confirmed that, on March 23rd, it held a meeting with 23 bank creditors to discuss with the company about the 2017 plan and seek the company's bank creditors to ensure that its loan will be renewed in the normal way.
Securities Times news, Sun Hongbin, chairman of Sunac China Holdings Limited, said that the measures of the tightening of monetary policy tightening and the increase of interest rates will affect the enterprise’ cash flow, loans reduction will certainly affect the housing prices. We are very pessimistic about the market, and we basically haven’t purchase lands since last October.
The official website of Tianjin Office of CHINA SECURITIES REGULATORY COMMISSION (CSRC) shows that HUATAI UNITED SECURITIES signed a counseling agreement with 360 Technology Holdings Co., Ltd. for its first public offering and listing on March 23rd. According to media news, informed sources said that, according to the current IPO audit speed, if there is no accident, 360 Technology Holdings may land in capital market in the middle of next year.
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