Femorning Research Office believes that, THE PEOPLE’S BANK OF CHINA (PBC) suspended open market operations for four consecutive days on March 29th, the reverse repurchase interest rates of short-term government bond soared, combined with PBC governor Zhou Xiaochuan’s recent declaration that this round of global policy cycle is nearing the end, the recent liquidity will still maintain a tight balance. After the MPA assessment, due to the slow recovery of the economy, inflation expectations to be verified, and frequent regulation policies for the property market, the future monetary policy is expected to remain neutral tight.
PEOPLE’S DAILY news, banks have money but are cautious about loans, while enterprises are short of money but can not get financing. Such a vicious cycle once formed, it is easy to boost the capital to be off the real economy to the virtual economy, and then leads to a series of problems such as financial risks, usury and illegal fund raising. To crack down the problem of financing is difficult, it must be done combining with the central government’s five major tasks of "de-capacity, destocking, deleveraging, reducing costs and improving the weak link".
ECONOMIC INFORMATION DAILY news, in order to promote the expansion and upgrading of consumer spending,Chinawill introduce a series of measures focusing on the promotion of information consumption this year. Digital home, online education, virtual reality and other industries are expected to usher in policy "red envelope". By 2020, total information consumption will reach 6 trillion yuan, and by 2025, total information consumption will reach 12 trillion yuan.
China Securities Journal news, the 10 provinces that have not yet introduced the Implementation Opinions on the Reform and Development of Agricultural Reclamation must introduce it before the end of June, the introduction of a series of supporting policies and measures for the reform including "the management approach for the reclamation areas that are directly under the central government" is accelerating. Most of the group reclamation areas will take the restructuring of reclamation state-owned capital investment operation companies, mixed-ownership reform, and asset securitization as the key content of the reform pilot of the next phase, actively deploying and carrying them out.
Ba Shusong, the chief economist of CHINA BANKING ASSOCIATION, said that from the current situation of the real estate market, China is generally in a safe stage, the risk is mainly local risk, the main support factor is the overall leverage being safe and space still left in urbanization, but attention should be paid to potential pressure that might be brought by high housing prices on the banking system, the RMB exchange rate and so on.
21st Century Business Herald news, Zhu Wan, deputy director of Informatization and Software Services Division of Ministry of Industry and Information Technology of the People's Republic ofChina, said that the competition for taking the high grounds of the artificial intelligence technology industry has been launched around the world.Chinahas big comparative advantages in data retention, application scenarios, computing resources and software development. In the next phase, Ministry of Industry and Information Technology and the relevant departments will jointly plan and deploy the major national strategy of artificial intelligence.
Xinhua News Agency reported, on March 29th, National Agricultural Science and Technology Work Conference was held in Xiamen. The relevant person in charge from Ministry of Science and Technology of the People’s Republic of China introduced that the overall idea of agricultural and rural science and technology work in 2017 is that science and technology supporting the agricultural supply-side structural reform will be the main line, providing new kinetic energy for agricultural efficiency improvement, farmers’ income growth and rural green development growth. Three aspects of work will be focused on in 2017, including the promotion of national agricultural science and technology park construction level and so on.
Caixin.com news, with the construction ofChina's high-speed railway network with 4 length lines and 4 breadth lines completed, it will be difficult for the growth of EMU number to repeat the crazy situation during the "12th Five-Year Plan" period. In the next decade, the annual growth rate ofChina’s EMU will show a declining trend, EMU purchase amount will drop to an average of 30 billion yuan by 2025, down 35% compared to 2015.
CHINANEWS reported, intelligent bicycle sharing platform Mobike and Tencent jointly announced that the Mobike will have an all-round access to WeChat. Mobike will appear in the "WeChat Wallet" page of the third-party service "Speed Dial", ranking at the same level with hot services of "DiDi", "Meituan Take-away", "JD Preferred" and “High Life” provided by dianping.com that previously accessed to Wechat.
Le.com published a notice to clarify Sun Hongbin’s speech reported by the media. Sun Hongbin said earlier that the investment in the listed companies (only refer to le.com) was only 6 billion, leaving less than 10 billion in non-listed companies. Non-listed companies are also very good. It was written in the investment report that it would be down to 30%, and up to 300%. Le.com said that "down to 30%, up to 300%" refers to the prediction of the investment as a whole, not the ups and downs of the stock price of Le.com.
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