Domestic oil prices may meet the "four consecutive declines" Ministry of Industry and Information Technology promotes green smart home products to the countryside
2022-08-08: [Article Link] Financial News
Domestic oil prices or a “four-for-four-for-one” drop
According to the Economic Reference Paper, on 9 August, at 2400 hours, according to information from various social monitoring bodies, the retail price limit for finished oils in the country was expected to usher in a new round of readjustment windows. In view of the current situation, it is expected that petrol No. 92 in the country will be reduced by 0.06Yuan/L, petrol No. 95 and diesel No. 0 by 0.07Yuan/L. The Ministry of Trade and Finance promotes the removal of green smart households from their homes.
Four departments, including the Ministry of Labour and Communications, issued a circular on action programmes to promote quality development in the domestic sector, which proposes to promote the removal of green smart households from their homes. Enterprises are encouraged to develop individualized, customized, healthy and intelligent green domestic electricity products for rural markets, promote channels and market downfalls through new retailing, rural electricity providers, promote concessions, replace old ones and replace them, improve marketing networks and after-sales services, and promote upscaling of rural residents. Soybeans' options are on the market.
According to press reports, the three options of 9 a.m. Soybeans 1, 2 soybeans and soy oil were listed simultaneously at the Dalian Commodity Exchange on Monday morning, with the approval of the Chinese CSRC. The Officer-in-Charge of the Dalian Commodity Exchange stated that the three options listed on Monday, together with the soybean options listed in 2017, together with the related futures, fully covered the country's soybean industry chain and provided industry with complete and more sophisticated price discovery and risk management tools. The Ministry of Transport encourages the use of auto-drive vehicles for passenger transport in controlled settings
The Ministry of Transport issues the Guide to Auto-Driving Auto-Car Transport Safety Services (on a trial basis) (for comments). It is proposed to encourage the use of auto-drive motor vehicles in urban public motor (electric) passenger transport operations, such as in closed bus rapid transit systems, the use of auto-drive passenger transport operations in simple traffic conditions and under relatively manageable conditions, and the use of auto-drive road transport activities, such as point-to-point main-line road transport and relatively closed roads. The General Directorate of Wire and Power is going to ban false publicity about the ratings.
On Monday, the Directorate-General of National Radio and Television issued a notice for public consultation on the regulations governing the operation of audio-visual production on radio, television and the Internet (for comments). The exposure draft mentions that the content theme, production costs, ratings, etc., should not be falsely or misleadingly publicized; that the allocation of production costs and the amount of money paid to the founder of the film should be reasonably determined, and that efforts should be made to improve the quality of the programme and to create a structure for the remuneration of the founder of the film, which is linked to the social and economic benefits of the programme. Chongqing Wuhan set up an all-man commercial pilot for autopilot.
According to the Securities Times, Chongqing and Wuhan government departments have recently taken the lead in issuing a pilot policy on the commercialization of all unmanned autopilots and have issued 100 per cent of the country's first demonstration of unmanned operating qualifications, allowing self-driving vehicles without security guards in their vehicles to carry out commercialization services on social roads. The Paper finishes the B-round financing.
According to The Paper, The Paper announced the official completion of the B round of financing on Monday. The Shanghai Cultural Industry Development Investment Fund, which is the sole provider of $400 million, reinvested in the Shanghai Eastern News Company Ltd., the main operator of The Paper. After the replenishment was completed, the poster industry group became the second largest shareholder. Financial perspective
Delight: The drop in exports may be limited during the year
In the study, the chief macroanalyst of Sindha’s portfolio said that prices could support a modest fall in exports during the year. Export growth has been faster than expected since this year, and the price contribution factor cannot be ignored; and the market’s external needs have been worse, with the volume contribution improving in May-June. With the tightening of financial conditions by the central banks abroad, overseas demand may be under greater pressure in the second half of the year, and if the manufacturing purchasing manager index (PMI) of the major trading partners continues down in August, the climate is slowing down or putting pressure on the growth of exports. Zhang Jianqiang: China’s economy is probably “weakly restored” in the second half of the year
The Deputy Director of the Hawtai Securities Institute, Zhang Jianqiang, at a recent seminar held at the 50-member Forum on Wealth Management in China, noted that the Chinese economy was likely to show a “weak fix” in the second half of the year. As a result of the epidemic, the Russian-Ukraine conflict, the Fed interest increase and so on, it is no longer realistic to achieve the 5.5 per cent acceleration target this year. However, GDP growth in the US is expected to rise by 2% this year, and China may be close to 4%, still well above the US. From the point of view of large-scale competition, China’s economy has performed relatively well, and inflation control is better than in Europe and America. Three quarters are expected to make a 5% acceleration, and four quarters may slightly decline under external needs and base-effect pressures, depending on subsequent policies. From this perspective, the current domestic economy is more appropriate as a “weak fix” – one that cannot be overestimated. Financial data
The A shares that have been announced are over 40% of the performance forecast.
According to WIND, as of 31 July 2022, a total of 1,775 companies in all A shares issued mid-2022 performance forecasts with a disclosure rate of approximately 36.64 per cent. It means a 0.31 per cent increase and a 95-point drop in the renminbi against the dollar.
As of the closing of the stock market, the CMS reported 3236.93 points, an increase of 0.31 per cent; deep evidence reported 12302.15 points, an increase of 0.27 per cent; and the start-up board reported 2675.69 points, a decline of 0.29 per cent. On board, the electric power plant, car parts and power supply equipment were on the rise, with semiconductors, aviation airports, and tourist hotels falling in the first place. On the exchange market, as of 16:30, the onshore renminbi was officially charged against the dollar at 6.7602, down 95 basis points from the previous trading date, when the renminbi was quoted at 6.7695 points, down 290 points.