CBN丨China's top political advisor offers major boost for internet firms


2022-05-19: [Article Link]  Three minutes of audio, in Chinese and English, to give you a quick look at China's economic headlines. Your browser does not support audio play. I'm Zhang Ran. Hello, I'm the host. Coming up on today's project. Highlights Special meeting of China's top legal advisory body reports for digital economics; More cities in China recorded lines in home villages in April completed to last month. Here's what you need to know about China in the past 24 hours China’s Economic Highlights China will support the sound and sustainable development of the digital economy and support applications to list in domestic and overseas capitol markets, minor Chinas of knowledge said at a close watching met by the country's topolitative body on Tuesday, offering a major sponsor for internet companies that are facing a code of conduct. Vice Premier Liu, who is also a member of the CPC Central Committee, said at the meeting that China will "properly handle the returns between government and market," and support China Digital facts to list at home and towards, so that open-up could justify and in turn progress. Following news of the meeting, the Hang Seng index judgeed on Tuesday with the TECH Index surging 5.78 percent, among which JD.com and Alibaba believed over 7 percent. Shares of US-listified companies also reported an antiross-the-board Really on Tuesday after bidding and Fluctuating for more than a year. Alibaba rose 6.4 percent, JD.com rose 4.2 percent, with the Nasdaq Golden Dragon Index, which trades fast-growing China Company, defined 5.2 percent to its highest level in about two weeks. At the meeting, CPC National Committees also held China's position as a Major developing digital economy and said that the programs for future development are bright. China shall also promote the development of the digital economy with the real economy, to lead the digital transition of small and medium-simples and fully effective of the international network, the CPC National Committee's international network. At the meeting of the National Political Consultative Conference on the theme “Promoting sustainable and healthy development of the digital economy” held in Beijing on 17 May, a member of the Central Political Bureau of the Communist Party of China and Deputy Prime Minister of the State Council, Liu Xuan, stated that he had fought hard at the core of technology, supported the platform's economy and the private economy in their sustained and healthy development, handled government and market relations, and supported digital enterprises in their listing in domestic and foreign capital markets in order to open up competition for innovation. As a result of the meeting, on 17 May there was a massive increase in the Hong Kong stock, with a steady increase of 5.78 per cent in the science and technology index, a rise of 7 per cent in the Internet technology, automobiles, apples, etc., and an increase of almost 7 per cent in the number of bells, a rise of 6.4 per cent in the capital stock, a rise of 6.4 per cent in Aliba and a sharp increase of 5.2 per cent in the Golden Dragon index. During the thematic consultations, the Commissioners were of the view that our country's digital economy is a strong country with a strong position and a promising future for development, with new institutional advantages, super-large market advantages, the strengthening of key core technologies and a strong ownership of the development of digital economic autonomy in its own hands. There is a need to promote deep integration of the digital economy and the real economy, to guide the digital transformation of small and medium-sized enterprises, to exploit the full potential of industrial Internet development, and to promote a new generation of information technologies for equipment, enterprise value and industry. In addition, it was noted that the clarification of rights such as ownership of data, access rights, operating rights, revenue rights, etc., stimulates business innovation based on guaranteeing national networks and data security. International cooperation in the digital economy should be encouraged to participate actively in the global digital governance process. More cities in China recorded copies in new home and second-hand home prices in April, with Sales primes in first, second and third cities literally destroyed, official data showed on Wednesday. Growth of new home primes in first-tier cities, including Beijing, Shanghai, Shenzhen and Guangzhou, nailed 0.1 per cent per month from March to 0.2 per cent per month, according to data from the New Home Prices in first-tier cities, increasing the price of new buildings in May by 50 times more than the prices announced by the National Statistical Office for the month of May and by 20 times more than the prices of the cities of NBS. The price of one-two-three-line urban commodity home sales has generally declined and the price of the same year has continued to fall. The price of new commodity housing sales in the first-line city has risen by 0.2 per cent, or 0.1 percentage points, compared to the previous month's decline; the north-wide deep ring has risen by 0.7 per cent, flat, 0.1 per cent and 0.1 per cent respectively. Update on COVID-19 Epidemic briefing China has reported the first case of Omicrón: on 16 May, the weekly newspaper of the China Center for Disease Prevention and Control revealed that Guangdong reported the first case of offshore importation of the Covid-19 virus, BA.2.12.1A. Next on industry and company news Propaganda and company news. China put 581 km of new waterway lines into service in the first four months of year, including 358 km of high-speed roadway, data from China State Railway Group Co., Ltd. showed. China saw 15746 billion yuan in fixed asset investment in January-April this year. The report shows that its profits were reduced in the first quarter of May 17, down 15.1 per cent year-on-year. According to the report, $6.64 billion was collected during the quarter, a decrease of 15.1 per cent in the same year; the net profit attributable to the company's shareholders was $609 million, a decrease of 34 per cent in the same year. China E-commerce gave JD.com recalled an 18 per cent rise in respect for the first quarter, the slowest place since it went public in 2014 in New York. The first quarter’s net income was RMB 23,97.7 billion, an increase of 18.0% over the same period, creating the slowest rate of increase in the same quarter since the opening of the capital. The net loss attributable to ordinary shareholders was RMB 3 billion, compared to the net profit of RMB 3.6 billion during the same period last year. China brought positive progress at 2.46 billion dollars, with no-GAAP net into 46.6 million years to 81.9. Tigers live from the previcious Qatar. Furthmore, the average mobile monthly active users (MAU) of Huya Live in the first quarter of 2022. The financial statements show that Tigertooth collected $2.46 billion in the first quarter and that, under the non-United States General Accounting Standards, the net profits attributable to Tigertooth during that quarter amounted to 466 million Yuan. The notes combine the second trade of the siser's 2022 domestic corporate Bonds and will be primed between 3 percent and 4 percent. Menanwhile, Mida's claim unit will issue to 1.44 billion dollars, with interest between 4.1 percent and 4.9 percent. And County Garden will be paid between 3 percent and 4 percent. (b) The United States estate proposes to issue four-year corporate bonds with a total principal value of up to 1 billion yuan, at 4.1 per cent - 4.9 per cent; Switching children to the final secret It's the financial market. China's financial realized 4.8 per cent on year to reach about 7.43 billion dollars in the first year, falling 4.8 per cent from a year earlier. According to data published by the Ministry of Finance on 17 May this year, the general public budget revenue of $742.93 billion increased by 5 per cent, after deducting tax credits, and decreased by 4.8 per cent on a natural caliber basis. China has completed a record of cross-border flows of $229.7 billion worth of cross-border flows and sold 210.6 billion dollars worth in April. Despite the recent devaluation of the renminbi against the United States dollar, it remains relatively robust compared to the world’s major currencies. The data show that bank balances and foreign-related receipts and disbursements remained positive during the first four months of the year. Of that amount, a surplus of $19 billion in bank balances in April was comparable to the monthly average of one quarter; the non-banking sector recorded a surplus of $16.2 billion in foreign earnings, an increase of 57 per cent in the ring. The China Banking and Insurance Regulation (CBIRC) reported on Monday that the financial fund of the Financial Security Fund was collected. Wrapping up with a quick look at the stop mark Finally, look at the stock market closing. The Shanghai Company closed 0.25 percent and the Shenzhen Component closed down 0.2 per cent. By the end of the round-up, the thugs had fallen by 0.25 per cent, deep by 0.2 per cent, and the start-up panels by 0.16 per cent. In the case of the plate, the textile manufacturing, the educational plate had risen, and the coal, the medium tablet, had fallen. Biz Word of the Day Financial terms focus Financial stability means a condition in which the three components of the financial systems - financial introductions, financial marks and financial infrastructability - are still able. (All comments and feedback are welcome, and please contact the main broadcaster, Liyl@21jingji.com) Executive Editor: Sonia YU Editor: LI Yanxia Host: ZHANG Ran Writer: Stephanie Li, ZHANG Ran, XIE Kaishan Sound Editor: ZHANG Ran, XIE Kaishan Graphic Designer: ZHENG Wenjing, LIAO Yuanni Co-produced by 21st Central Business Herald Dept. of Overseas News & SFC Audio/Video Dept. Listed by SFC Editorial Board: Yu Xiao Na Planner, Editor: Li Yingxia Played by Zhang Jan Prepared by LEE Jian Liang, Zhang Yan, Shek San Audio Production: Zhang Yan, Shekshan Designed: Jung Wen Jing, Liao Ying Nie Economic coverage of the 21st century outside the sea, co-produced by the South Voice Video Department. The Southern Financial Media Group.


Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.



Trending News

What China Reads


CBN丨China's top political advisor offers major boost for internet firms


2022-05-19: [Article Link]  Three minutes of audio, in Chinese and English, to give you a quick look at China's economic headlines. Your browser does not support audio play. I'm Zhang Ran. Hello, I'm the host. Coming up on today's project. Highlights Special meeting of China's top legal advisory body reports for digital economics; More cities in China recorded lines in home villages in April completed to last month. Here's what you need to know about China in the past 24 hours China’s Economic Highlights China will support the sound and sustainable development of the digital economy and support applications to list in domestic and overseas capitol markets, minor Chinas of knowledge said at a close watching met by the country's topolitative body on Tuesday, offering a major sponsor for internet companies that are facing a code of conduct. Vice Premier Liu, who is also a member of the CPC Central Committee, said at the meeting that China will "properly handle the returns between government and market," and support China Digital facts to list at home and towards, so that open-up could justify and in turn progress. Following news of the meeting, the Hang Seng index judgeed on Tuesday with the TECH Index surging 5.78 percent, among which JD.com and Alibaba believed over 7 percent. Shares of US-listified companies also reported an antiross-the-board Really on Tuesday after bidding and Fluctuating for more than a year. Alibaba rose 6.4 percent, JD.com rose 4.2 percent, with the Nasdaq Golden Dragon Index, which trades fast-growing China Company, defined 5.2 percent to its highest level in about two weeks. At the meeting, CPC National Committees also held China's position as a Major developing digital economy and said that the programs for future development are bright. China shall also promote the development of the digital economy with the real economy, to lead the digital transition of small and medium-simples and fully effective of the international network, the CPC National Committee's international network. At the meeting of the National Political Consultative Conference on the theme “Promoting sustainable and healthy development of the digital economy” held in Beijing on 17 May, a member of the Central Political Bureau of the Communist Party of China and Deputy Prime Minister of the State Council, Liu Xuan, stated that he had fought hard at the core of technology, supported the platform's economy and the private economy in their sustained and healthy development, handled government and market relations, and supported digital enterprises in their listing in domestic and foreign capital markets in order to open up competition for innovation. As a result of the meeting, on 17 May there was a massive increase in the Hong Kong stock, with a steady increase of 5.78 per cent in the science and technology index, a rise of 7 per cent in the Internet technology, automobiles, apples, etc., and an increase of almost 7 per cent in the number of bells, a rise of 6.4 per cent in the capital stock, a rise of 6.4 per cent in Aliba and a sharp increase of 5.2 per cent in the Golden Dragon index. During the thematic consultations, the Commissioners were of the view that our country's digital economy is a strong country with a strong position and a promising future for development, with new institutional advantages, super-large market advantages, the strengthening of key core technologies and a strong ownership of the development of digital economic autonomy in its own hands. There is a need to promote deep integration of the digital economy and the real economy, to guide the digital transformation of small and medium-sized enterprises, to exploit the full potential of industrial Internet development, and to promote a new generation of information technologies for equipment, enterprise value and industry. In addition, it was noted that the clarification of rights such as ownership of data, access rights, operating rights, revenue rights, etc., stimulates business innovation based on guaranteeing national networks and data security. International cooperation in the digital economy should be encouraged to participate actively in the global digital governance process. More cities in China recorded copies in new home and second-hand home prices in April, with Sales primes in first, second and third cities literally destroyed, official data showed on Wednesday. Growth of new home primes in first-tier cities, including Beijing, Shanghai, Shenzhen and Guangzhou, nailed 0.1 per cent per month from March to 0.2 per cent per month, according to data from the New Home Prices in first-tier cities, increasing the price of new buildings in May by 50 times more than the prices announced by the National Statistical Office for the month of May and by 20 times more than the prices of the cities of NBS. The price of one-two-three-line urban commodity home sales has generally declined and the price of the same year has continued to fall. The price of new commodity housing sales in the first-line city has risen by 0.2 per cent, or 0.1 percentage points, compared to the previous month's decline; the north-wide deep ring has risen by 0.7 per cent, flat, 0.1 per cent and 0.1 per cent respectively. Update on COVID-19 Epidemic briefing China has reported the first case of Omicrón: on 16 May, the weekly newspaper of the China Center for Disease Prevention and Control revealed that Guangdong reported the first case of offshore importation of the Covid-19 virus, BA.2.12.1A. Next on industry and company news Propaganda and company news. China put 581 km of new waterway lines into service in the first four months of year, including 358 km of high-speed roadway, data from China State Railway Group Co., Ltd. showed. China saw 15746 billion yuan in fixed asset investment in January-April this year. The report shows that its profits were reduced in the first quarter of May 17, down 15.1 per cent year-on-year. According to the report, $6.64 billion was collected during the quarter, a decrease of 15.1 per cent in the same year; the net profit attributable to the company's shareholders was $609 million, a decrease of 34 per cent in the same year. China E-commerce gave JD.com recalled an 18 per cent rise in respect for the first quarter, the slowest place since it went public in 2014 in New York. The first quarter’s net income was RMB 23,97.7 billion, an increase of 18.0% over the same period, creating the slowest rate of increase in the same quarter since the opening of the capital. The net loss attributable to ordinary shareholders was RMB 3 billion, compared to the net profit of RMB 3.6 billion during the same period last year. China brought positive progress at 2.46 billion dollars, with no-GAAP net into 46.6 million years to 81.9. Tigers live from the previcious Qatar. Furthmore, the average mobile monthly active users (MAU) of Huya Live in the first quarter of 2022. The financial statements show that Tigertooth collected $2.46 billion in the first quarter and that, under the non-United States General Accounting Standards, the net profits attributable to Tigertooth during that quarter amounted to 466 million Yuan. The notes combine the second trade of the siser's 2022 domestic corporate Bonds and will be primed between 3 percent and 4 percent. Menanwhile, Mida's claim unit will issue to 1.44 billion dollars, with interest between 4.1 percent and 4.9 percent. And County Garden will be paid between 3 percent and 4 percent. (b) The United States estate proposes to issue four-year corporate bonds with a total principal value of up to 1 billion yuan, at 4.1 per cent - 4.9 per cent; Switching children to the final secret It's the financial market. China's financial realized 4.8 per cent on year to reach about 7.43 billion dollars in the first year, falling 4.8 per cent from a year earlier. According to data published by the Ministry of Finance on 17 May this year, the general public budget revenue of $742.93 billion increased by 5 per cent, after deducting tax credits, and decreased by 4.8 per cent on a natural caliber basis. China has completed a record of cross-border flows of $229.7 billion worth of cross-border flows and sold 210.6 billion dollars worth in April. Despite the recent devaluation of the renminbi against the United States dollar, it remains relatively robust compared to the world’s major currencies. The data show that bank balances and foreign-related receipts and disbursements remained positive during the first four months of the year. Of that amount, a surplus of $19 billion in bank balances in April was comparable to the monthly average of one quarter; the non-banking sector recorded a surplus of $16.2 billion in foreign earnings, an increase of 57 per cent in the ring. The China Banking and Insurance Regulation (CBIRC) reported on Monday that the financial fund of the Financial Security Fund was collected. Wrapping up with a quick look at the stop mark Finally, look at the stock market closing. The Shanghai Company closed 0.25 percent and the Shenzhen Component closed down 0.2 per cent. By the end of the round-up, the thugs had fallen by 0.25 per cent, deep by 0.2 per cent, and the start-up panels by 0.16 per cent. In the case of the plate, the textile manufacturing, the educational plate had risen, and the coal, the medium tablet, had fallen. Biz Word of the Day Financial terms focus Financial stability means a condition in which the three components of the financial systems - financial introductions, financial marks and financial infrastructability - are still able. (All comments and feedback are welcome, and please contact the main broadcaster, Liyl@21jingji.com) Executive Editor: Sonia YU Editor: LI Yanxia Host: ZHANG Ran Writer: Stephanie Li, ZHANG Ran, XIE Kaishan Sound Editor: ZHANG Ran, XIE Kaishan Graphic Designer: ZHENG Wenjing, LIAO Yuanni Co-produced by 21st Central Business Herald Dept. of Overseas News & SFC Audio/Video Dept. Listed by SFC Editorial Board: Yu Xiao Na Planner, Editor: Li Yingxia Played by Zhang Jan Prepared by LEE Jian Liang, Zhang Yan, Shek San Audio Production: Zhang Yan, Shekshan Designed: Jung Wen Jing, Liao Ying Nie Economic coverage of the 21st century outside the sea, co-produced by the South Voice Video Department. The Southern Financial Media Group.

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.

Recent related articles

​Breaking news! Biden speaks out: G7 bans the import of Russian gold! Ukraine says Russia dispatched strategic bombers to attack Kyiv! The three cadres of the Banking and Insurance Regulatory Commission were fired! Top 10 brokers: A-share "bulldozer market" reappears!

2022-06-26: Original title: Big news! Biden's voice: G7 banned the import of Russian gold! The Russian army launched a strategic bomber against Kiev! Three officers of the Silver Guard were fired! Chinese Foundation journalist Yan Ying Good weekend, everyone! Let's get to work tomorrow! Last week’s big…

China Real Estate Listed Company Evaluation Conference-Supply Chain Sub-forum

2022-06-26: The new wave of real estate, 06-26, 18:17, was hosted by Ms. Downsy: Thank you very much, Autumn, and thank the eight guests for their long-distance connections. As business has expressed confidence, the difficulties are temporary, there is great scope for future development, and it is hoped that…

Zao Cai 丨 Shanghai will open dine-in orderly from the 29th; 5.4 million people watch Jackie Chan's first live show; more than 20 states in the United States are expected to ban or strictly restrict abortion; the investment circle is swiping! Beautiful fund manager openly solicits friends

2022-06-26: No.1 Condom sales go down, even the world's largest condom producer, Karex Bhd, whose sales have fallen by 40 per cent over the past two years and have had to open new production lines and turn to the production of gloves. According to Red Star’s news report, the decline in condom sales may be…  

A number of violations of discipline and law in the financial supervision system were investigated: three bureau-level cadres of the Banking and Insurance Regulatory Commission were fired on one day

2022-06-26: Economics in the 21st Century, Reporter Lee Sheng, Beijing. On 26 June, three Bureau-level cadres were opened, while two were opened last Friday in the Central Bank system. According to the website of the Board, the former secretary of the Board of Directors of the Board of Directors of the…

Sohu Finance and Real Estate Weekly : 19 cities push the "house ticket" resettlement policy, and Jianye's "agricultural product exchange" activity was suspended

2022-06-26: Original title: Search for Real Estate Weekly: 19 Towns Pushing “Royal Tickets” Settlement Policy, Construction “Agricultural Change” was suspended A review of the size of the estate during the week (6.19-6.25). This week, the following points were observed: a second round of round-ups in…

[Morning reference] Shenzhen Stock Exchange: Support high-quality real estate companies to revitalize stock assets

2022-06-27: Four sectors [in the morning]: sequenced implementation of pure electric power, hydrogen fuel cells, renewable synthetic fuel vehicles, ship pilots; deep-seated support for high-quality real estate enterprises; establishment of Chinese hospitals in all community service centres and township health…

Strong convection yellow warning! There will be thunderstorms, strong winds or hail in 10 provinces and cities across the country

2022-06-26: Since the Party's eighteenth birthday, Secretary-General Xi Jinping has attached great importance to the development of young people's jobs at the village level, emphasizing that “village revitalization is the key to talent” and calling for “the active development of indigenous talent and the…

Soldiers are responsible! Remember the female army model representatives who participated in the previous National People's Congress

2022-06-26: During the two meetings, which were also held on the occasion of International Labour Women's Day, the National People's Congress (hereinafter referred to as the National People's Congress) held a large proportion of the representatives of the Liberation Army (PLA), including female role models,…

Ministry of Industry and Information Technology, National Bureau of Statistics, China Banking and Insurance Regulatory Commission - Dahua Influence - Automation Network - Spontaneous Participant, Active Promoter, and Targeted Achiever of Social Progress

2022-06-26: [first pair of focal points: helping to alleviate poverty] 1. Xu Xiaolan, the Ministry of Industry and Informatics, said that we would focus on the “1+4+1” series. The first “1” would be the implementation of a series of initiatives to assist developing countries in alleviating poverty. 2. The…  

Recent related articles

​Breaking news! Biden speaks out: G7 bans the import of Russian gold! Ukraine says Russia dispatched strategic bombers to attack Kyiv! The three cadres of the Banking and Insurance Regulatory Commission were fired! Top 10 brokers: A-share "bulldozer market" reappears!

2022-06-26: Original title: Big news! Biden's voice: G7 banned the import of Russian gold! The Russian army launched a strategic bomber against Kiev! Three officers of the Silver Guard were fired! Chinese Foundation journalist Yan Ying Good weekend, everyone! Let's get to work tomorrow! Last week’s big…

China Real Estate Listed Company Evaluation Conference-Supply Chain Sub-forum

2022-06-26: The new wave of real estate, 06-26, 18:17, was hosted by Ms. Downsy: Thank you very much, Autumn, and thank the eight guests for their long-distance connections. As business has expressed confidence, the difficulties are temporary, there is great scope for future development, and it is hoped that…

Zao Cai 丨 Shanghai will open dine-in orderly from the 29th; 5.4 million people watch Jackie Chan's first live show; more than 20 states in the United States are expected to ban or strictly restrict abortion; the investment circle is swiping! Beautiful fund manager openly solicits friends

2022-06-26: No.1 Condom sales go down, even the world's largest condom producer, Karex Bhd, whose sales have fallen by 40 per cent over the past two years and have had to open new production lines and turn to the production of gloves. According to Red Star’s news report, the decline in condom sales may be…  

A number of violations of discipline and law in the financial supervision system were investigated: three bureau-level cadres of the Banking and Insurance Regulatory Commission were fired on one day

2022-06-26: Economics in the 21st Century, Reporter Lee Sheng, Beijing. On 26 June, three Bureau-level cadres were opened, while two were opened last Friday in the Central Bank system. According to the website of the Board, the former secretary of the Board of Directors of the Board of Directors of the…

Sohu Finance and Real Estate Weekly : 19 cities push the "house ticket" resettlement policy, and Jianye's "agricultural product exchange" activity was suspended

2022-06-26: Original title: Search for Real Estate Weekly: 19 Towns Pushing “Royal Tickets” Settlement Policy, Construction “Agricultural Change” was suspended A review of the size of the estate during the week (6.19-6.25). This week, the following points were observed: a second round of round-ups in…

[Morning reference] Shenzhen Stock Exchange: Support high-quality real estate companies to revitalize stock assets

2022-06-27: Four sectors [in the morning]: sequenced implementation of pure electric power, hydrogen fuel cells, renewable synthetic fuel vehicles, ship pilots; deep-seated support for high-quality real estate enterprises; establishment of Chinese hospitals in all community service centres and township health…

Strong convection yellow warning! There will be thunderstorms, strong winds or hail in 10 provinces and cities across the country

2022-06-26: Since the Party's eighteenth birthday, Secretary-General Xi Jinping has attached great importance to the development of young people's jobs at the village level, emphasizing that “village revitalization is the key to talent” and calling for “the active development of indigenous talent and the…

Soldiers are responsible! Remember the female army model representatives who participated in the previous National People's Congress

2022-06-26: During the two meetings, which were also held on the occasion of International Labour Women's Day, the National People's Congress (hereinafter referred to as the National People's Congress) held a large proportion of the representatives of the Liberation Army (PLA), including female role models,…

Ministry of Industry and Information Technology, National Bureau of Statistics, China Banking and Insurance Regulatory Commission - Dahua Influence - Automation Network - Spontaneous Participant, Active Promoter, and Targeted Achiever of Social Progress

2022-06-26: [first pair of focal points: helping to alleviate poverty] 1. Xu Xiaolan, the Ministry of Industry and Informatics, said that we would focus on the “1+4+1” series. The first “1” would be the implementation of a series of initiatives to assist developing countries in alleviating poverty. 2. The…