Li Keqiang's Inspection in Yunnan: Increase the Bailout of Market Entities and Promote Reform and Opening-up


2022-05-20: [Article Link Recommendations: Ministry of Finance notified eight cases of hidden debt accountability involving new hidden debt, unrealistic debt; KangXinuo: recombinant new coronavirus vaccine was included in the World Health Organization emergency use list; Xiaomi's quarterly adjusted net profit fell 52.9% Mobile phone shipments fell by 20%; Ningde Time: obtained the world's first access certificate under the new ECE regulations [Domestic Finance]. Xi Jinping delivers video message at opening ceremony of BRICS foreign ministers' meeting Xi Jinping stressed that history and reality have taught us that the unilateral pursuit of one's own security at the expense of the security of other countries will only create new contradictions and risks. (Caixin.com) Li Keqiang's visit to Yunnan emphasizes increasing relief for market players and promoting reform and opening up From May 17 to 19, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, accompanied by Wang Ning, secretary of the Yunnan Provincial Party Committee, and Wang Yibo, governor of the province, inspected in Qujing and Kunming. He stressed the need to adhere to the Xi Jinping thought of socialism with Chinese characteristics in the new era as a guide, the implementation of the Party Central Committee and the State Council deployment, the comprehensive implementation of the new development concept, efficient coordination of epidemic prevention and control and economic and social development, increase the relief of market subjects, promote reform and opening up, stable employment and stable prices to protect people's livelihood, to maintain economic operation in a reasonable range. (Xinhua News Agency) CBIRC: Proposed to unify regulatory standards for consumer rights protection of banking and insurance institutions Uniform standards and uniform discretion for similar businesses and subjects in business activities; banking and insurance institutions to establish consumer appropriateness management mechanisms. (Caixin.com) Related news: CBIRC: Banks will be punished for regulating profits through expected credit loss method National Grain and Reserve Bureau said this year's minimum purchase price of summer grain increased across the board This year, the state continues to implement the minimum purchase price policy for wheat and rice in some major production areas, and the minimum purchase price levels for wheat, early indica rice, medium and late indica rice, and japonica rice have been increased across the board. (Xinhua News Agency)) Shanghai is expected to fully resume personal delivery business in early June Some courier industry insiders introduced, the current distribution force in Shanghai restored part of the backlog of pieces still need some time to clear. (Caixin.com) China Securities Association said to further improve the system of self-regulatory rules and self-regulatory framework for OTC derivatives From the China Securities Association was informed that recently, the CSMA OTC market and derivatives business professional committee video held a plenary session proposed to further improve the OTC derivatives self-regulatory rules system and self-regulatory framework, strengthen the construction of OTC financial infrastructure, and constantly improve the function of the CSMA quote trading report library and business standardization level, so as to truly achieve the derivatives business "see clearly, speak clearly, and control". (Securities Daily) (Securities Daily) The Ministry of Finance informed eight cases of hidden debt accountability involving new hidden debts and unrealistic debt conversion Mengzhou City, Henan Province, Huzhou City, Zhejiang Province, new hidden debt issues, which occurred before July 2017; the Ministry of Finance said that the new hidden debt and unrealistic debt and other violations of the law, to find one, investigate and deal with one, accountability. (Caixin.com) New policies in the property market are coming out frequently! These cities second suite loan down payment ratio down to 30% On May 19, Changzhou, Shijiazhuang, Yinchuan and other places have lowered the down payment ratio of commercial personal housing loans. Among them, the second suite down payment ratio are lowered to 30%, the overall rate of reduction is larger. In this regard, industry analysts pointed out that, with many places for the second suite to improve the demand for regulation and control policies in place, the market is expected to accelerate stabilization and recovery. (China Securities Journal) ICBC's first four months of loans increased by more than 200 billion yuan year-on-year Liao Lin explained the "addition, subtraction, multiplication and division" method According to Fang Heying, president of CITIC Bank, the bank has achieved rapid growth in manufacturing loans for three consecutive years, and manufacturing has now become the bank's top lending industry; the quality of financial inclusion assets is good, and the innovation and use of financial technology has played an important role. (Caixin.com) Zhejiang intends to include IVF costs in medical insurance and increase the reimbursement ratio of medical insurance for infants and children aged 0-6 Recently, the Zhejiang Provincial Medical Security Bureau released the "Notice on Supporting "Zhejiang's Good Parenting" to Promote Eugenics and Pregnancy (Draft for Comments)", which states that Zhejiang plans to expand the scope of maternity insurance payments to include treatment items such as labor analgesia, early pregnancy fetal structure ultrasound screening, and fetal system color Doppler ultrasound examination into the maternity insurance The scope of payment. At the same time, Zhejiang will set the price of medical services for assisted reproduction related technologies such as artificial insemination and in vitro fertilization for infertility treatment, and include them in the scope of maternity insurance payment in due course in accordance with the relevant national regulations. (Zhejiang Provincial Medical Security Bureau website) Lin Yifu suggests issuing consumption vouchers and cash of 500 yuan each to families in the closed control area With the recent collapse of both online and offline consumption, consumption vouchers could be targeted to support local SMEs and cash in the form of digital RMB. (Caixin.com) State-owned Assets Supervision and Administration Commission: Promote the construction of chain length to deepen with more powerful initiatives On May 19, the promotion meeting for the construction of chain lengths of modern industrial chains of central enterprises was held in Beijing. The meeting summarized the effectiveness of the chain length construction, deployed the next phase of key work, and promoted the quality and deepening of the chain length construction of central enterprises. (Securities Times) Beijing added 64 cases of Covid-19 infection Liangxiang University City strict full closed management Social surface screening of 2 cases; new aggregated outbreak at Fangshan Campus of Beijing University of Technology, 11 cases have been confirmed in total. (Caixin.com) Related topics: New crown pneumonia epidemic prevention full record (real-time update in) Development and Reform Commission: China's PPI rate of increase is expected to continue to fall in the late The National Development and Reform Commission said in an official microblog post on the 19th, in recent times, the international major economies industrial producer ex-factory prices (PPI) remain high; China's supply and price stability work continued to show the effect of PPI rose for six consecutive months down, significantly lower than other major economies. In the global commodity prices rose sharply, the background of high international inflation, which fully demonstrates the positive effect of the work to ensure stable prices. Looking ahead to the later stage, as the effect of the policy of supply and price stability continues to emerge, the rate of increase of China's PPI is expected to continue the downward trend. (Caixin First Line) Guangzhou Port opens "Hainan Free Trade Port - Nansha Port - Southwest Region" grain and oil sea-rail transport channel The first "Hainan Free Trade Port - Nansha Port - Southwest Region" grain and oil sea-rail intermodal transport train from Nansha Port South Station, marking the official opening of the sea-rail intermodal transport channel, linking the logistics supply chain between Hainan Free Trade Port, Guangdong, Hong Kong and Macao Greater Bay Area and Chengdu-Chongqing twin-city economic circle. To create a strategic linkage pivot point between Guangdong, Hong Kong, Macao and the Greater Bay Area and Hainan Free Trade Port, to further promote the synergistic development of South China, Southwest China and the Greater Bay Area. (CCTV News) State Grid: Determine ten key science and technology projects and arrange R&D investment of 200 million yuan On May 19, the State Grid new power system science and technology attack action plan 2022 special major science and technology projects responsibility certificate signing video conference was held. State Grid Chairman and Party Secretary Xin Baoan pointed out in his speech that promoting major science and technology projects is an urgent need to speed up the construction of a new power system. The company integrated development and security, taking into account the current and long-term, to determine the ten key science and technology projects, arranged 200 million yuan of investment in research and development, through the signing of the responsibility contract deployment and implementation. (Securities Times) Practicing "Double Carbon" Development Steel Industry EPD Platform Debuts on 19th The Steel Industry Environmental Product Declaration (EPD) platform launch and debut ceremony was successfully held in Beijing. The launch of the EPD platform for the steel industry is a milestone event for the global steel industry in practicing "double carbon" development, with three important implications. (Caixin First Line) Company News] Xiaomi's Q1 Adjusted Net Profit Falls 52.9%, Mobile Phone Shipments Drop 20% Xiaomi's core business, cell phones, saw an 11.13% decrease in revenue in the first quarter due to an epidemic overlaid with chip supply restrictions. (Caixin.com) Concino says recombinant novel coronavirus vaccine included in WHO emergency use list Conxino (688185) announced in the evening of May 19 that the World Health Organization disclosed on its official website on May 19 that the company's recombinant novel coronavirus vaccine (type 5 adenovirus vector), Kvisa, was included in the "Emergency Use List". After the product was included in WHOEUL, the company still needs to conduct commercial negotiation with the intended countries for the future sales of the product. If the overseas countries increase the procurement and use of the product, it will have a certain positive impact on the performance of the listed company. (Securities Times) Ningde Times: Obtained the world's first access certificate under the new ECE regulations Recently, Ningde Times received the world's first ECE R100.03 power battery system certificate issued by the German Ministry of Transport. The ECE Regulation No. 100 is an internationally recognized general requirement applicable to the electrical safety of electric vehicles, and the 03 series revision of the regulation has come into effect in June 2021. (Ningde Times WeChat public number) One month after presiding over the work, Wang Liang became secretary of the party committee of CBC Wang Liang is a professional cadre trained from the grassroots in CBC and has worked in CBC for nearly 27 years; during his more than 7 years as deputy governor of CBC, he has been in charge of risk and compliance, financial market and wealth management business, assets and liabilities and financial management lines. (Caixin.com) Siemens Gomersa, a global leader in wind power manufacturing, will be privatized and delisted due to long-term losses Siemens Energy intends to take full control of wind turbine manufacturer Siemens Gomersa to get rid of long-term losses; Siemens Energy currently holds 67% of Siemens Gomersa, and the cost of acquiring the remaining 33% stake may exceed 3 billion euros. (Caixin.com) Tesla plunged by S&P ESG Index, high oil prices pose a dilemma for investors and ESG causes The S&P 500 ESG Index differs from the traditional ESG index in that it boosts ESG performance while maintaining a similar sector allocation weighting to the S&P 500, which has outperformed the S&P 500 as well as the S&P's traditional ESG index this year. (Caixin.com) Bank of Ningbo made another bid to acquire part of the equity of Huarong Consumer Finance Huarong Consumer Finance may be renamed as Ning Yin Consumer Finance On May 18, Xin'an Financial announced that it intends to transfer 6.7% of its subsidiary's equity in Huarong Consumer Finance Co. to Bank of Ningbo (002142) in a transaction amounting to about 104 million yuan. It is noteworthy that this is the Bank of Ningbo's second bid to acquire the equity of Huarong Consumer Finance. (Securities Daily) 【International Finance】 The Ministry of Commerce said the U.S. side's removal of tariff increases on China is in the fundamental interests of American consumers and enterprises At yesterday's regular press conference held by the Ministry of Commerce, some media asked, U.S. Treasury Secretary Yellen said on Wednesday local time that she advocated the elimination of some punitive tariffs on China. What does the Ministry of Commerce have to say about this? In this regard, the Ministry of Commerce spokesperson Shuang Jue-ting said, in the current high inflation situation, the U.S. side to cancel the tariff increase on China is in the fundamental interests of American consumers and enterprises, for the benefit of the United States, China and the world. (CCTV News) Australia's general election may lead to regime change, will the decline in China-Australia relations stop? In the election platforms of both Labor and the Coalition, the Covid-19 epidemic is no longer included as a core issue. (Caixin.com) UK, US and other countries report multiple cases of monkeypox, WHO warns of more May 19 (Xinhua) -- The U.K. Health and Safety Executive issued a communiqué on May 18 saying that the country has added two more human cases of monkeypox infection, and has now accumulated nine confirmed cases. The U.S. Centers for Disease Control and Prevention confirmed on May 18 that the United States has its first case of monkeypox so far this year. The World Health Organization said that evening, the United Kingdom is likely to appear more cases of monkeypox. (Xinhua News Agency) Chip supply chain disruptions resurface, European car sales drop significantly in April The U.S. and the EU announced in May increased cooperation on the semiconductor supply chain, which includes the establishment of an early warning system for the semiconductor supply chain, with a view to better predicting and addressing potential semiconductor supply chain disruptions. (Caixin.com) U.S. Holds Another UFO Hearing Spike in Reports After De-Stigmatization A report from the Office of the Director of National Intelligence shows that from 2004 to 2021, the U.S. military reported 144 cases of "unidentified aerial phenomena," a figure recently updated to 400. The rise in the number of UAP incidents is related to the U.S. military's efforts to de-stigmatize UFOs. (Caixin.com) [Market]. U.S. stocks close lower on Thursday, S&P on verge of bear market The Dow fell 236.94 points, or 0.75%, to 31,253.13 points; the Nasdaq fell 29.66 points, or 0.26%, to 11,388.50 points; the S&P 500 fell 22.89 points, or 0.58%, to 3,900.79 points U.S. June WTI futures closed 2.4% higher on Thursday West Texas Intermediate (WTI) crude oil for June delivery on the New York Mercantile Exchange rose .62, or 2.4 percent, to close at 12.21 a barrel; July Brent crude oil futures on the European Intercontinental Exchange, the global benchmark for crude oil prices, rose .93, or 2.7 percent, to close at 12.04 a barrel New York gold futures closed 1.4% higher on Thursday Gold futures for June delivery on the New York Mercantile Exchange rose 5.30, or 1.4 percent, to close at ,841.20 per ounce; silver futures for July delivery rose 1.7 percent to close at 1.908 per ounce [This week's focus May 20 U.S. May 19 10-year TIPS auction - high yield (%) U.S. May 19 10-year TIPS auction - total amount ($ billion) New Zealand April Trade Balance (NZD Billion) UK May Gfk Consumer Confidence Japan April national CPI annual rate (%) Japan April National Core CPI Annual Rate (%) Japan April national core-core CPI annual rate (%) China 1-Year Loan Market Quoted Rate (%) for Week Ending May 20 China 5-year quoted loan market rates for the week ending May 20 (%) UK April QoQ Retail Sales (MoM)(%) UK April QoQ Core Retail Sales (%) Canada Mar Retail Sales MoM(%)(0520-0527) Canada Mar Core Retail Sales (MoM)(%)(0520-0527) Eurozone Consumer Confidence Index for May May 21 U.S. oil drilling total for the week ending May 20 (h) UK CBI Retail Sales Differential for May U.S. NYMEX New York crude oil June futures are affected by the shift for the month, the last trading on the floor will be completed at 2:30 on May 21, and the last trading on the electronic market will be completed at 5:00 a.m. Please pay attention to the trading venue expiration for the month announcement to control the risk. In addition, some trading platforms U.S. oil contract expiration time is usually one day earlier than the official NYMEX, please pay more attention. The U.S. Commodity Futures Trading Commission (CFTC) released its weekly position report.


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



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Li Keqiang's Inspection in Yunnan: Increase the Bailout of Market Entities and Promote Reform and Opening-up


2022-05-20: [Article Link Recommendations: Ministry of Finance notified eight cases of hidden debt accountability involving new hidden debt, unrealistic debt; KangXinuo: recombinant new coronavirus vaccine was included in the World Health Organization emergency use list; Xiaomi's quarterly adjusted net profit fell 52.9% Mobile phone shipments fell by 20%; Ningde Time: obtained the world's first access certificate under the new ECE regulations [Domestic Finance]. Xi Jinping delivers video message at opening ceremony of BRICS foreign ministers' meeting Xi Jinping stressed that history and reality have taught us that the unilateral pursuit of one's own security at the expense of the security of other countries will only create new contradictions and risks. (Caixin.com) Li Keqiang's visit to Yunnan emphasizes increasing relief for market players and promoting reform and opening up From May 17 to 19, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, accompanied by Wang Ning, secretary of the Yunnan Provincial Party Committee, and Wang Yibo, governor of the province, inspected in Qujing and Kunming. He stressed the need to adhere to the Xi Jinping thought of socialism with Chinese characteristics in the new era as a guide, the implementation of the Party Central Committee and the State Council deployment, the comprehensive implementation of the new development concept, efficient coordination of epidemic prevention and control and economic and social development, increase the relief of market subjects, promote reform and opening up, stable employment and stable prices to protect people's livelihood, to maintain economic operation in a reasonable range. (Xinhua News Agency) CBIRC: Proposed to unify regulatory standards for consumer rights protection of banking and insurance institutions Uniform standards and uniform discretion for similar businesses and subjects in business activities; banking and insurance institutions to establish consumer appropriateness management mechanisms. (Caixin.com) Related news: CBIRC: Banks will be punished for regulating profits through expected credit loss method National Grain and Reserve Bureau said this year's minimum purchase price of summer grain increased across the board This year, the state continues to implement the minimum purchase price policy for wheat and rice in some major production areas, and the minimum purchase price levels for wheat, early indica rice, medium and late indica rice, and japonica rice have been increased across the board. (Xinhua News Agency)) Shanghai is expected to fully resume personal delivery business in early June Some courier industry insiders introduced, the current distribution force in Shanghai restored part of the backlog of pieces still need some time to clear. (Caixin.com) China Securities Association said to further improve the system of self-regulatory rules and self-regulatory framework for OTC derivatives From the China Securities Association was informed that recently, the CSMA OTC market and derivatives business professional committee video held a plenary session proposed to further improve the OTC derivatives self-regulatory rules system and self-regulatory framework, strengthen the construction of OTC financial infrastructure, and constantly improve the function of the CSMA quote trading report library and business standardization level, so as to truly achieve the derivatives business "see clearly, speak clearly, and control". (Securities Daily) (Securities Daily) The Ministry of Finance informed eight cases of hidden debt accountability involving new hidden debts and unrealistic debt conversion Mengzhou City, Henan Province, Huzhou City, Zhejiang Province, new hidden debt issues, which occurred before July 2017; the Ministry of Finance said that the new hidden debt and unrealistic debt and other violations of the law, to find one, investigate and deal with one, accountability. (Caixin.com) New policies in the property market are coming out frequently! These cities second suite loan down payment ratio down to 30% On May 19, Changzhou, Shijiazhuang, Yinchuan and other places have lowered the down payment ratio of commercial personal housing loans. Among them, the second suite down payment ratio are lowered to 30%, the overall rate of reduction is larger. In this regard, industry analysts pointed out that, with many places for the second suite to improve the demand for regulation and control policies in place, the market is expected to accelerate stabilization and recovery. (China Securities Journal) ICBC's first four months of loans increased by more than 200 billion yuan year-on-year Liao Lin explained the "addition, subtraction, multiplication and division" method According to Fang Heying, president of CITIC Bank, the bank has achieved rapid growth in manufacturing loans for three consecutive years, and manufacturing has now become the bank's top lending industry; the quality of financial inclusion assets is good, and the innovation and use of financial technology has played an important role. (Caixin.com) Zhejiang intends to include IVF costs in medical insurance and increase the reimbursement ratio of medical insurance for infants and children aged 0-6 Recently, the Zhejiang Provincial Medical Security Bureau released the "Notice on Supporting "Zhejiang's Good Parenting" to Promote Eugenics and Pregnancy (Draft for Comments)", which states that Zhejiang plans to expand the scope of maternity insurance payments to include treatment items such as labor analgesia, early pregnancy fetal structure ultrasound screening, and fetal system color Doppler ultrasound examination into the maternity insurance The scope of payment. At the same time, Zhejiang will set the price of medical services for assisted reproduction related technologies such as artificial insemination and in vitro fertilization for infertility treatment, and include them in the scope of maternity insurance payment in due course in accordance with the relevant national regulations. (Zhejiang Provincial Medical Security Bureau website) Lin Yifu suggests issuing consumption vouchers and cash of 500 yuan each to families in the closed control area With the recent collapse of both online and offline consumption, consumption vouchers could be targeted to support local SMEs and cash in the form of digital RMB. (Caixin.com) State-owned Assets Supervision and Administration Commission: Promote the construction of chain length to deepen with more powerful initiatives On May 19, the promotion meeting for the construction of chain lengths of modern industrial chains of central enterprises was held in Beijing. The meeting summarized the effectiveness of the chain length construction, deployed the next phase of key work, and promoted the quality and deepening of the chain length construction of central enterprises. (Securities Times) Beijing added 64 cases of Covid-19 infection Liangxiang University City strict full closed management Social surface screening of 2 cases; new aggregated outbreak at Fangshan Campus of Beijing University of Technology, 11 cases have been confirmed in total. (Caixin.com) Related topics: New crown pneumonia epidemic prevention full record (real-time update in) Development and Reform Commission: China's PPI rate of increase is expected to continue to fall in the late The National Development and Reform Commission said in an official microblog post on the 19th, in recent times, the international major economies industrial producer ex-factory prices (PPI) remain high; China's supply and price stability work continued to show the effect of PPI rose for six consecutive months down, significantly lower than other major economies. In the global commodity prices rose sharply, the background of high international inflation, which fully demonstrates the positive effect of the work to ensure stable prices. Looking ahead to the later stage, as the effect of the policy of supply and price stability continues to emerge, the rate of increase of China's PPI is expected to continue the downward trend. (Caixin First Line) Guangzhou Port opens "Hainan Free Trade Port - Nansha Port - Southwest Region" grain and oil sea-rail transport channel The first "Hainan Free Trade Port - Nansha Port - Southwest Region" grain and oil sea-rail intermodal transport train from Nansha Port South Station, marking the official opening of the sea-rail intermodal transport channel, linking the logistics supply chain between Hainan Free Trade Port, Guangdong, Hong Kong and Macao Greater Bay Area and Chengdu-Chongqing twin-city economic circle. To create a strategic linkage pivot point between Guangdong, Hong Kong, Macao and the Greater Bay Area and Hainan Free Trade Port, to further promote the synergistic development of South China, Southwest China and the Greater Bay Area. (CCTV News) State Grid: Determine ten key science and technology projects and arrange R&D investment of 200 million yuan On May 19, the State Grid new power system science and technology attack action plan 2022 special major science and technology projects responsibility certificate signing video conference was held. State Grid Chairman and Party Secretary Xin Baoan pointed out in his speech that promoting major science and technology projects is an urgent need to speed up the construction of a new power system. The company integrated development and security, taking into account the current and long-term, to determine the ten key science and technology projects, arranged 200 million yuan of investment in research and development, through the signing of the responsibility contract deployment and implementation. (Securities Times) Practicing "Double Carbon" Development Steel Industry EPD Platform Debuts on 19th The Steel Industry Environmental Product Declaration (EPD) platform launch and debut ceremony was successfully held in Beijing. The launch of the EPD platform for the steel industry is a milestone event for the global steel industry in practicing "double carbon" development, with three important implications. (Caixin First Line) Company News] Xiaomi's Q1 Adjusted Net Profit Falls 52.9%, Mobile Phone Shipments Drop 20% Xiaomi's core business, cell phones, saw an 11.13% decrease in revenue in the first quarter due to an epidemic overlaid with chip supply restrictions. (Caixin.com) Concino says recombinant novel coronavirus vaccine included in WHO emergency use list Conxino (688185) announced in the evening of May 19 that the World Health Organization disclosed on its official website on May 19 that the company's recombinant novel coronavirus vaccine (type 5 adenovirus vector), Kvisa, was included in the "Emergency Use List". After the product was included in WHOEUL, the company still needs to conduct commercial negotiation with the intended countries for the future sales of the product. If the overseas countries increase the procurement and use of the product, it will have a certain positive impact on the performance of the listed company. (Securities Times) Ningde Times: Obtained the world's first access certificate under the new ECE regulations Recently, Ningde Times received the world's first ECE R100.03 power battery system certificate issued by the German Ministry of Transport. The ECE Regulation No. 100 is an internationally recognized general requirement applicable to the electrical safety of electric vehicles, and the 03 series revision of the regulation has come into effect in June 2021. (Ningde Times WeChat public number) One month after presiding over the work, Wang Liang became secretary of the party committee of CBC Wang Liang is a professional cadre trained from the grassroots in CBC and has worked in CBC for nearly 27 years; during his more than 7 years as deputy governor of CBC, he has been in charge of risk and compliance, financial market and wealth management business, assets and liabilities and financial management lines. (Caixin.com) Siemens Gomersa, a global leader in wind power manufacturing, will be privatized and delisted due to long-term losses Siemens Energy intends to take full control of wind turbine manufacturer Siemens Gomersa to get rid of long-term losses; Siemens Energy currently holds 67% of Siemens Gomersa, and the cost of acquiring the remaining 33% stake may exceed 3 billion euros. (Caixin.com) Tesla plunged by S&P ESG Index, high oil prices pose a dilemma for investors and ESG causes The S&P 500 ESG Index differs from the traditional ESG index in that it boosts ESG performance while maintaining a similar sector allocation weighting to the S&P 500, which has outperformed the S&P 500 as well as the S&P's traditional ESG index this year. (Caixin.com) Bank of Ningbo made another bid to acquire part of the equity of Huarong Consumer Finance Huarong Consumer Finance may be renamed as Ning Yin Consumer Finance On May 18, Xin'an Financial announced that it intends to transfer 6.7% of its subsidiary's equity in Huarong Consumer Finance Co. to Bank of Ningbo (002142) in a transaction amounting to about 104 million yuan. It is noteworthy that this is the Bank of Ningbo's second bid to acquire the equity of Huarong Consumer Finance. (Securities Daily) 【International Finance】 The Ministry of Commerce said the U.S. side's removal of tariff increases on China is in the fundamental interests of American consumers and enterprises At yesterday's regular press conference held by the Ministry of Commerce, some media asked, U.S. Treasury Secretary Yellen said on Wednesday local time that she advocated the elimination of some punitive tariffs on China. What does the Ministry of Commerce have to say about this? In this regard, the Ministry of Commerce spokesperson Shuang Jue-ting said, in the current high inflation situation, the U.S. side to cancel the tariff increase on China is in the fundamental interests of American consumers and enterprises, for the benefit of the United States, China and the world. (CCTV News) Australia's general election may lead to regime change, will the decline in China-Australia relations stop? In the election platforms of both Labor and the Coalition, the Covid-19 epidemic is no longer included as a core issue. (Caixin.com) UK, US and other countries report multiple cases of monkeypox, WHO warns of more May 19 (Xinhua) -- The U.K. Health and Safety Executive issued a communiqué on May 18 saying that the country has added two more human cases of monkeypox infection, and has now accumulated nine confirmed cases. The U.S. Centers for Disease Control and Prevention confirmed on May 18 that the United States has its first case of monkeypox so far this year. The World Health Organization said that evening, the United Kingdom is likely to appear more cases of monkeypox. (Xinhua News Agency) Chip supply chain disruptions resurface, European car sales drop significantly in April The U.S. and the EU announced in May increased cooperation on the semiconductor supply chain, which includes the establishment of an early warning system for the semiconductor supply chain, with a view to better predicting and addressing potential semiconductor supply chain disruptions. (Caixin.com) U.S. Holds Another UFO Hearing Spike in Reports After De-Stigmatization A report from the Office of the Director of National Intelligence shows that from 2004 to 2021, the U.S. military reported 144 cases of "unidentified aerial phenomena," a figure recently updated to 400. The rise in the number of UAP incidents is related to the U.S. military's efforts to de-stigmatize UFOs. (Caixin.com) [Market]. U.S. stocks close lower on Thursday, S&P on verge of bear market The Dow fell 236.94 points, or 0.75%, to 31,253.13 points; the Nasdaq fell 29.66 points, or 0.26%, to 11,388.50 points; the S&P 500 fell 22.89 points, or 0.58%, to 3,900.79 points U.S. June WTI futures closed 2.4% higher on Thursday West Texas Intermediate (WTI) crude oil for June delivery on the New York Mercantile Exchange rose .62, or 2.4 percent, to close at 12.21 a barrel; July Brent crude oil futures on the European Intercontinental Exchange, the global benchmark for crude oil prices, rose .93, or 2.7 percent, to close at 12.04 a barrel New York gold futures closed 1.4% higher on Thursday Gold futures for June delivery on the New York Mercantile Exchange rose 5.30, or 1.4 percent, to close at ,841.20 per ounce; silver futures for July delivery rose 1.7 percent to close at 1.908 per ounce [This week's focus May 20 U.S. May 19 10-year TIPS auction - high yield (%) U.S. May 19 10-year TIPS auction - total amount ($ billion) New Zealand April Trade Balance (NZD Billion) UK May Gfk Consumer Confidence Japan April national CPI annual rate (%) Japan April National Core CPI Annual Rate (%) Japan April national core-core CPI annual rate (%) China 1-Year Loan Market Quoted Rate (%) for Week Ending May 20 China 5-year quoted loan market rates for the week ending May 20 (%) UK April QoQ Retail Sales (MoM)(%) UK April QoQ Core Retail Sales (%) Canada Mar Retail Sales MoM(%)(0520-0527) Canada Mar Core Retail Sales (MoM)(%)(0520-0527) Eurozone Consumer Confidence Index for May May 21 U.S. oil drilling total for the week ending May 20 (h) UK CBI Retail Sales Differential for May U.S. NYMEX New York crude oil June futures are affected by the shift for the month, the last trading on the floor will be completed at 2:30 on May 21, and the last trading on the electronic market will be completed at 5:00 a.m. Please pay attention to the trading venue expiration for the month announcement to control the risk. In addition, some trading platforms U.S. oil contract expiration time is usually one day earlier than the official NYMEX, please pay more attention. The U.S. Commodity Futures Trading Commission (CFTC) released its weekly position report.

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

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2022-06-24: Chinese-American game. China-Korean relations [Type] South Korea is both an ally of the United States and an important partner of China, and it is under increasing pressure to “selection” against the backdrop of the growing strategic game between China and the United States. There is a…

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Zeng Xiangyu: European Powers' Involvement in the Indian Ocean: Characteristics, Motivations and Influences

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