Greater Bay Area Morning Post|Shenzhen encourages "small upgrade" enterprises to carry out technological transformation, with a maximum subsidy of 50 million yuan; 198 listed companies in Shenzhen Nanshan


2022-08-08: [Chinese Article Link]  Here, let's have a quick look at the situation in the Bay of Australasia. I. POLICY DEVELOPMENTS Shenzhen: To encourage Small Upgraders to make technological changes and to finance up to 50 million Yuan. The Department of Industry and Informatics of Shenzhen City issued the Shenzhen City Three-Year Action Programme for the Development of Small Micro-Industrial Enterprises (2022-2024). It was suggested that “small-scale upgrading” enterprises should be encouraged to undertake technological adaptations by providing funding up to 10-20 per cent of the total investment in eligible technology adaptation projects, up to a maximum of 50 million Yuan, with projects using bank fixed-asset loans or financial leases, which could also receive interest on loans, up to 50 per cent of the interest actually paid, and up to 5 million Yuan's interest-bearing support. Guangzhou is about to introduce a new carbon-inclusive scheme to encourage the purchase of voluntary emission reductions to offset carbon emissions. In recent days, the Guangzhou City Voluntary Carbon Inclusion Reduction Implementation Scheme (Advised Draft) has been published on the website of the Guangzhou City Eco-Environment Agency, which explicitly encourages government agencies, business enterprises, social groups and individuals to purchase voluntary carbon-inclusive emission reductions in Guangzhou to offset carbon emissions. Voluntary carbon-inclusive emission reductions in Guangzhou that are used to offset carbon emissions or to implement carbon-neutral carbon-neutral emissions reductions may not be used for secondary trading or other carbon-neutral activities. (Gangzhou Daily News) II. REGIONAL ECONOMICS In Shenzhen Shan, two companies were listed in the market day. 198 companies were listed in the district. On 5 August, the two semiconductor companies based in Mount Shenzhen — Mid-Minor and Jiang Bolong — both landed in the A-unit, bringing the number of listed enterprises within and outside the Nanshan region to 198. Jiang Bolong is listed on a deep-seated start-up board, with a stock code of “301308”, with a circulation price of 55.67 Yuan/equity, with a 24.76-fold market surplus, with a 77.83 per cent increase on the first day of the market and a total market value of 40 billion yuan. The mid-centenary is on the market for the launch of 63 million shares, representing an actual amount of $1,944 million, a circulation price of 30.86 Yuan/equity and a market surplus of 22.95 times. The first day on the market rose by 82.11 per cent and received 56.2 Yuan, with a total market value of $20 billion. (Shenzhen Special Administrative Region newspaper) In July, there was a three-to-a-half drop in the turnover of commercial properties in Guangzhou. According to a commercial property report released on the fifth day of the joint venture, Guangzhou’s commercial property began to shift to a mild season in the second half of the year, with a downward trend in the volume of transactions and prices. The report quoted large-scale data that showed that, in July, the volume of real estate transactions in Guangzhou was between 3 and 5000 m2, a decline of 3-5 per cent over the June period. On the price side, the average price of paper buildings, apartments, and shops decreased significantly by 40%, 14%, and 32%, respectively, compared to June. It is worth noting that many home buyers have a strong interest in “the collection of corporate income tax for eligible businesses at a 15% tax rate,” and that the South Sand writing building was traded by over 5,000 m2 in July. Shenzhen opened 130 new shops in the first half of the year. According to the Winners Network, in the first half of the year there were 130 special shops in Shenzhen, with 83 per cent increase in the number of first shops. In the first half of the year, 32 first stores, 38 in South China and 60 in Shenzhen. Of these, 39, or 30 per cent, of the leading foreign brands, are located in Shenzhen districts, where they are introduced; 50, or the top of the list, are located in Fukuda District; 42, or the second, are located in the South Mountain region; and 17, or the Lake Loi Region, are ranked third. III. Science, technology and innovation Pearl Sea LNG is re-licensed to the state's new operational patent. In recent days, the “high pressure pump multifunctional protection kit”, developed autonomously by the Deputy Director of the Technical Maintenance Department of the Liquefied Natural Gas Receiving Station (LNG) in Pearl Bay, has been awarded a new, functional national patent. The patent, which has been formally authorized for six months since the end of 2021, is described as the ninth national patent granted to LNG in Pearl Sea and has a useful extension value, designed to take full account of the need for pump-filled medical repair operations, with nitrogen mouths, nitrogen pressure sheets and pressure vents, which not only provide for pump-filled nitrogen protection, but also serve as a protection kit for returning plants or for delivering major repairs and transport pits. IV. INDUSTRIAL DEVELOPMENT Jiangmen held a global fair. 111 projects were contracted to invest more than $16.1 billion. On 6 August, the “Facilitation of the Great Bay Region, Uniting for the Future — the Jiangmen City Global Assembly” was held in three venues, Hong Kong, Macao and Jiangmen, successfully promoting 111 projects under contract, with a total planned investment of more than $16.1 billion. Of these, 39 delegates were invited to sign contracts at the Conference, including 23 for industrial projects, 5 for scientific and technological projects, 11 for financing projects, with a total planned investment of 44.2 billion yuan. V. FINANCIAL DEVELOPMENTS In-depth seminar led by the Exchange Market Credit Protection Tool to further support private economic development Recently, under the overall guidance of the CSRC, the Shenzhen Stock Exchange took the lead in convening the Exchange Market Credit Protection Tool Symposium to Further Support Private Economic Development. The meeting provided an understanding of policies such as the portfolio credit protection tool and the appropriate liberalization of credit-protected bond entry standards in China, and listened to the market and mobilized all parties to participate actively. At the meeting, the relevant head of the CVM Bond Department stated that the CVM attached great importance to the continued improvement of the private bond finance support mechanism, actively encouraged market parties to play a supportive role in private economic development through credit protection tools, and would give due recognition to institutions such as securities companies that had created credit protection instruments to provide increased credit support to private enterprises in order to further stimulate markets, build cohesion and create a favourable financing environment for private economic development. Developments in Hong Kong and Australia The HKSAR Government welcomes the issuance of Treasury bonds in Hong Kong The National Treasury will issue a new 10-year renminbi debt in Hong Kong with a total value of RMB 1 billion, as well as an additional RMB debt with a total value of RMB 4 billion due in 2024, which will be issued through the Central Settlement System of Debt Instruments of the Hong Kong Financial Authority. The Director of Finance of the HKSAR Government, Chen Mau Bo, stated that this was a full demonstration of the full support of the Central People's Government for the development of the Hong Kong International Financial Centre and the global offshore renminbi business hub, the further development of the Hong Kong bond market and the attraction of additional international funds to bring the Hong Kong market together to enhance Hong Kong's development dynamics. Total external merchandise trade in Macao increased by 1.1 per cent in the first half of the year. According to data published by the Statistics and Census Department of the MSAR Government on 5th day, the total foreign merchandise trade in Macao during the first half of the year totalled 81.2 billion yuan (the same amount), an increase of 1.1 per cent over the same period last year. Statistics show that the total value of Macao's exports in the first half of the year was 7.17 billion yuan, an annual increase of 7.3 per cent; the total value of imports was 74.02 billion yuan, an increase of 0.6 per cent. The deficit in trade in goods in the first half of the year was $68.85 billion, a decrease of 6,294,000,000 Yuan compared to the same period last year. (Xinhua)


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




Trending Topics


Trending News

What China Reads


Greater Bay Area Morning Post|Shenzhen encourages "small upgrade" enterprises to carry out technological transformation, with a maximum subsidy of 50 million yuan; 198 listed companies in Shenzhen Nanshan


2022-08-08: [Article Link]  Here, let's have a quick look at the situation in the Bay of Australasia. I. POLICY DEVELOPMENTS Shenzhen: To encourage Small Upgraders to make technological changes and to finance up to 50 million Yuan. The Department of Industry and Informatics of Shenzhen City issued the Shenzhen City Three-Year Action Programme for the Development of Small Micro-Industrial Enterprises (2022-2024). It was suggested that “small-scale upgrading” enterprises should be encouraged to undertake technological adaptations by providing funding up to 10-20 per cent of the total investment in eligible technology adaptation projects, up to a maximum of 50 million Yuan, with projects using bank fixed-asset loans or financial leases, which could also receive interest on loans, up to 50 per cent of the interest actually paid, and up to 5 million Yuan's interest-bearing support. Guangzhou is about to introduce a new carbon-inclusive scheme to encourage the purchase of voluntary emission reductions to offset carbon emissions. In recent days, the Guangzhou City Voluntary Carbon Inclusion Reduction Implementation Scheme (Advised Draft) has been published on the website of the Guangzhou City Eco-Environment Agency, which explicitly encourages government agencies, business enterprises, social groups and individuals to purchase voluntary carbon-inclusive emission reductions in Guangzhou to offset carbon emissions. Voluntary carbon-inclusive emission reductions in Guangzhou that are used to offset carbon emissions or to implement carbon-neutral carbon-neutral emissions reductions may not be used for secondary trading or other carbon-neutral activities. (Gangzhou Daily News) II. REGIONAL ECONOMICS In Shenzhen Shan, two companies were listed in the market day. 198 companies were listed in the district. On 5 August, the two semiconductor companies based in Mount Shenzhen — Mid-Minor and Jiang Bolong — both landed in the A-unit, bringing the number of listed enterprises within and outside the Nanshan region to 198. Jiang Bolong is listed on a deep-seated start-up board, with a stock code of “301308”, with a circulation price of 55.67 Yuan/equity, with a 24.76-fold market surplus, with a 77.83 per cent increase on the first day of the market and a total market value of 40 billion yuan. The mid-centenary is on the market for the launch of 63 million shares, representing an actual amount of $1,944 million, a circulation price of 30.86 Yuan/equity and a market surplus of 22.95 times. The first day on the market rose by 82.11 per cent and received 56.2 Yuan, with a total market value of $20 billion. (Shenzhen Special Administrative Region newspaper) In July, there was a three-to-a-half drop in the turnover of commercial properties in Guangzhou. According to a commercial property report released on the fifth day of the joint venture, Guangzhou’s commercial property began to shift to a mild season in the second half of the year, with a downward trend in the volume of transactions and prices. The report quoted large-scale data that showed that, in July, the volume of real estate transactions in Guangzhou was between 3 and 5000 m2, a decline of 3-5 per cent over the June period. On the price side, the average price of paper buildings, apartments, and shops decreased significantly by 40%, 14%, and 32%, respectively, compared to June. It is worth noting that many home buyers have a strong interest in “the collection of corporate income tax for eligible businesses at a 15% tax rate,” and that the South Sand writing building was traded by over 5,000 m2 in July. Shenzhen opened 130 new shops in the first half of the year. According to the Winners Network, in the first half of the year there were 130 special shops in Shenzhen, with 83 per cent increase in the number of first shops. In the first half of the year, 32 first stores, 38 in South China and 60 in Shenzhen. Of these, 39, or 30 per cent, of the leading foreign brands, are located in Shenzhen districts, where they are introduced; 50, or the top of the list, are located in Fukuda District; 42, or the second, are located in the South Mountain region; and 17, or the Lake Loi Region, are ranked third. III. Science, technology and innovation Pearl Sea LNG is re-licensed to the state's new operational patent. In recent days, the “high pressure pump multifunctional protection kit”, developed autonomously by the Deputy Director of the Technical Maintenance Department of the Liquefied Natural Gas Receiving Station (LNG) in Pearl Bay, has been awarded a new, functional national patent. The patent, which has been formally authorized for six months since the end of 2021, is described as the ninth national patent granted to LNG in Pearl Sea and has a useful extension value, designed to take full account of the need for pump-filled medical repair operations, with nitrogen mouths, nitrogen pressure sheets and pressure vents, which not only provide for pump-filled nitrogen protection, but also serve as a protection kit for returning plants or for delivering major repairs and transport pits. IV. INDUSTRIAL DEVELOPMENT Jiangmen held a global fair. 111 projects were contracted to invest more than $16.1 billion. On 6 August, the “Facilitation of the Great Bay Region, Uniting for the Future — the Jiangmen City Global Assembly” was held in three venues, Hong Kong, Macao and Jiangmen, successfully promoting 111 projects under contract, with a total planned investment of more than $16.1 billion. Of these, 39 delegates were invited to sign contracts at the Conference, including 23 for industrial projects, 5 for scientific and technological projects, 11 for financing projects, with a total planned investment of 44.2 billion yuan. V. FINANCIAL DEVELOPMENTS In-depth seminar led by the Exchange Market Credit Protection Tool to further support private economic development Recently, under the overall guidance of the CSRC, the Shenzhen Stock Exchange took the lead in convening the Exchange Market Credit Protection Tool Symposium to Further Support Private Economic Development. The meeting provided an understanding of policies such as the portfolio credit protection tool and the appropriate liberalization of credit-protected bond entry standards in China, and listened to the market and mobilized all parties to participate actively. At the meeting, the relevant head of the CVM Bond Department stated that the CVM attached great importance to the continued improvement of the private bond finance support mechanism, actively encouraged market parties to play a supportive role in private economic development through credit protection tools, and would give due recognition to institutions such as securities companies that had created credit protection instruments to provide increased credit support to private enterprises in order to further stimulate markets, build cohesion and create a favourable financing environment for private economic development. Developments in Hong Kong and Australia The HKSAR Government welcomes the issuance of Treasury bonds in Hong Kong The National Treasury will issue a new 10-year renminbi debt in Hong Kong with a total value of RMB 1 billion, as well as an additional RMB debt with a total value of RMB 4 billion due in 2024, which will be issued through the Central Settlement System of Debt Instruments of the Hong Kong Financial Authority. The Director of Finance of the HKSAR Government, Chen Mau Bo, stated that this was a full demonstration of the full support of the Central People's Government for the development of the Hong Kong International Financial Centre and the global offshore renminbi business hub, the further development of the Hong Kong bond market and the attraction of additional international funds to bring the Hong Kong market together to enhance Hong Kong's development dynamics. Total external merchandise trade in Macao increased by 1.1 per cent in the first half of the year. According to data published by the Statistics and Census Department of the MSAR Government on 5th day, the total foreign merchandise trade in Macao during the first half of the year totalled 81.2 billion yuan (the same amount), an increase of 1.1 per cent over the same period last year. Statistics show that the total value of Macao's exports in the first half of the year was 7.17 billion yuan, an annual increase of 7.3 per cent; the total value of imports was 74.02 billion yuan, an increase of 0.6 per cent. The deficit in trade in goods in the first half of the year was $68.85 billion, a decrease of 6,294,000,000 Yuan compared to the same period last year. (Xinhua)

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

Recent related articles

Xinhua Media +丨China takes the lead in formulating and publishing the international standard ISO24603 for stem cells

2022-09-26: 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…  

[Choice morning train on September 26] Central Bank: Improve the liquidity of RMB financial assets to further facilitate foreign investors to enter the Chinese market

2022-09-26: Daily selection FAFIA: In response to media reports that no new access voucher system has been allowed to counter-record since Friday, bond dealers have told journalists that the system is misreading and has not received any special requests related to counter-mining, but have recently suspended…  

[Morning Internal Reference] Ministry of Industry and Information Technology: Promote the high-quality development of the photovoltaic industry

2022-09-26: Daily selection FAFIA: In response to media reports that no new access voucher system has been allowed to counter-record since Friday, bond dealers have told journalists that the system is misreading and has not received any special requests related to counter-mining, but have recently suspended…  

Chen Pengqin and Ye Guiping: Functional empowerment of national diplomacy

2022-09-26: External relations Functional parallel diplomacy One country, two systems Macao, as a special local political and economic entity, has the commonality of actors in international relations in general; it also has the personality of foreign affairs not held by the local government of…

Qiu Yong is the Secretary of the Party Committee of the Shanghai Stock Exchange; the underwriting rate of financial bonds has broken the "floor price" again; the limited issuance of more than 500 billion yuan of special bonds will "open the gate"丨Da Asset Management Weekly Intelligence

2022-09-27: The 21st Century Institute of Investment and Management, Wu Shan, the intern's king. I. REGULATIONS AND POLICY 1. The China Silver Insurance Supervisory Board issued the Decision of the China Silver Insurance Supervisory Board to Amend the Regulations on Partial Administrative Permits The…  

Zao Finance丨BYD calls the police! The official seal and Wang Chuanfu's signature were forged; the former general manager of Nuo An Fund was investigated; the whole family can also settle down in rented houses! A mega city zooms in; 37-year-old once again pushes the limits of humanity

2022-09-26: NBD Editor Jang Xiaobo Wang No.1 The election of the party’s twenty-largest representatives has been successfully completed under the strong central leadership of the party, with Comrade Xi Jinping at its core. No.2 On 24 September, news of “a number of mega-cities leaving their homes open”…

Zao Cai 丨 BYD called the police; renting a house can also be settled with the whole family, and a mega city is expanding its recruitment; the former general manager of Lion Fund was investigated; at the age of 37, he once again broke the limit of human beings

2022-09-26: NBD Reporter Chan Chan NBD Editor Wang Xiaobo Ho Peach No.1 The election of the party’s twenty-largest representatives has been successfully completed under the strong central leadership of the party, with Comrade Xi Jinping at its core. No.2 On 24 September, news of “a number of mega-cities…

Guangdong's financial reform and opening up is at the forefront of the country-Guangdong-Hong Kong-Macao Greater Bay Area Portal

2022-09-27: The tidal stream is vast and new to the south of the river. China's financial sector has made historic achievements since the Party's eighteenth anniversary. During the decade, the Guangdong financial sector continued to deepen its structural reforms on the side of the financial supply and…  

Carbon Neutral Weekly Report (Issue 65)丨Carbon Dafeng Carbon Neutral "1+N" policy system has been established; 18 green bond assessment and certification institutions have been registered with the Green Standard Committee; 17 departments have issued action plans for the protection and restoration of the Yangtze River

2022-09-26: In view of this period: NDRC: A system of carbon neutral and “1+N” policies has been established; the results of the certification marketization of green debt assessment have been published and 18 institutions have been registered with the Green Bid Commission; 17 departments have issued a…  

Recent related articles

Xinhua Media +丨China takes the lead in formulating and publishing the international standard ISO24603 for stem cells

2022-09-26: 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…  

[Choice morning train on September 26] Central Bank: Improve the liquidity of RMB financial assets to further facilitate foreign investors to enter the Chinese market

2022-09-26: Daily selection FAFIA: In response to media reports that no new access voucher system has been allowed to counter-record since Friday, bond dealers have told journalists that the system is misreading and has not received any special requests related to counter-mining, but have recently suspended…  

[Morning Internal Reference] Ministry of Industry and Information Technology: Promote the high-quality development of the photovoltaic industry

2022-09-26: Daily selection FAFIA: In response to media reports that no new access voucher system has been allowed to counter-record since Friday, bond dealers have told journalists that the system is misreading and has not received any special requests related to counter-mining, but have recently suspended…  

Chen Pengqin and Ye Guiping: Functional empowerment of national diplomacy

2022-09-26: External relations Functional parallel diplomacy One country, two systems Macao, as a special local political and economic entity, has the commonality of actors in international relations in general; it also has the personality of foreign affairs not held by the local government of…

Qiu Yong is the Secretary of the Party Committee of the Shanghai Stock Exchange; the underwriting rate of financial bonds has broken the "floor price" again; the limited issuance of more than 500 billion yuan of special bonds will "open the gate"丨Da Asset Management Weekly Intelligence

2022-09-27: The 21st Century Institute of Investment and Management, Wu Shan, the intern's king. I. REGULATIONS AND POLICY 1. The China Silver Insurance Supervisory Board issued the Decision of the China Silver Insurance Supervisory Board to Amend the Regulations on Partial Administrative Permits The…  

Zao Finance丨BYD calls the police! The official seal and Wang Chuanfu's signature were forged; the former general manager of Nuo An Fund was investigated; the whole family can also settle down in rented houses! A mega city zooms in; 37-year-old once again pushes the limits of humanity

2022-09-26: NBD Editor Jang Xiaobo Wang No.1 The election of the party’s twenty-largest representatives has been successfully completed under the strong central leadership of the party, with Comrade Xi Jinping at its core. No.2 On 24 September, news of “a number of mega-cities leaving their homes open”…

Zao Cai 丨 BYD called the police; renting a house can also be settled with the whole family, and a mega city is expanding its recruitment; the former general manager of Lion Fund was investigated; at the age of 37, he once again broke the limit of human beings

2022-09-26: NBD Reporter Chan Chan NBD Editor Wang Xiaobo Ho Peach No.1 The election of the party’s twenty-largest representatives has been successfully completed under the strong central leadership of the party, with Comrade Xi Jinping at its core. No.2 On 24 September, news of “a number of mega-cities…

Guangdong's financial reform and opening up is at the forefront of the country-Guangdong-Hong Kong-Macao Greater Bay Area Portal

2022-09-27: The tidal stream is vast and new to the south of the river. China's financial sector has made historic achievements since the Party's eighteenth anniversary. During the decade, the Guangdong financial sector continued to deepen its structural reforms on the side of the financial supply and…  

Carbon Neutral Weekly Report (Issue 65)丨Carbon Dafeng Carbon Neutral "1+N" policy system has been established; 18 green bond assessment and certification institutions have been registered with the Green Standard Committee; 17 departments have issued action plans for the protection and restoration of the Yangtze River

2022-09-26: In view of this period: NDRC: A system of carbon neutral and “1+N” policies has been established; the results of the certification marketization of green debt assessment have been published and 18 institutions have been registered with the Green Bid Commission; 17 departments have issued a…