[Financial Morning Post] More than 80,000 tourists were stranded in Sanya due to the epidemic; Buffett's net loss in the second quarter was US$43.376 billion


2022-08-07: [Chinese Article Link]  Original title: [Financial Early Report] More than 80,000 passengers remain in the Sanya epidemic; Buffett has a net loss of $4.376 billion in the second quarter Foreign and domestic financial news of interest today is: 1. Central Bank Department: Continue to direct financial institutions to increase lending to the real economy 2. Intense: Encouragement of market parties to play a supportive role of credit protection tools for private economic development The Shanghai-wide disease risk zone “Zero Zero” will implement regularized prevention and control measures. 4. The American bike announced an increase in the price. 5. Musk claims that Twitter acquisition is or will continue [Major information] Continue to guide financial institutions to increase lending to the real economy and maintain steady growth in lending. In recent days, the Ministry of Operations Management of the People's Bank held a working session for the second half of 2022, which called for the implementation of sound monetary policies and the creation of a favourable monetary and financial environment for the resumption of the development of the real economy. To continue to direct financial institutions to increase lending to the real economy and to maintain steady growth in lending; to put in place a programme of work and mechanisms for macroeconomic stabilization and to keep the capital economy operating in reasonable areas. To accelerate the implementation of a wide range of monetary-policy instruments with sufficient re-lending rates, the financial system continues to benefit the real economy, and real lending rates for enterprises have declined steadily. 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. 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. In the first half of the year, more than half of the new business loans went to private companies. According to the latest data from the Bank Insurance Supervisory Board of 6 August, by the end of June, private lending balances of banking financial institutions stood at $58,200 billion, an increase of 11.4 per cent over the same year, with 8,347 million private households with loan balances. The Deputy Director-General of the Policy Research Bureau of the China Bank Insurance Supervisory Board said that, in the first half of the year, more than half of all new bank loans went to private enterprises. The development of long-term lending mechanisms for private enterprises to “lend, willing, able to borrow” has seen positive progress, with a steady increase in financing coverage and a marked improvement in the overall quality of services. The Ministry of Water and Sanitation initiated a flood protection level IV emergency response in eight northern governorates On 6 August, at 1200 hours, the Ministry launched a flood defence level IV emergency response in eight provinces, including Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Shandong, Henan and Shaanxi. The Ministry of Water Affairs has issued a circular requesting the relevant regional water authorities and the Department of Water Affairs, the Yellow River, the Huai River and the Sea River Water Commission to pay close attention to changes in rain and water conditions, to strengthen the monitoring of forecasts, conference analysis and watchkeeping, and to focus on water reservoirs, silt dams and works in progress to secure safety, small- and medium-scale river flooding and flood disaster defence, in order to ensure the safety of people's lives. NHS: The direct settlement of outpatient expenses across provinces has increased steadily In recent days, the National Health Service has published the latest data on direct settlement of medical visits across provinces. The data show a steady increase in the operation of direct settlement across provinces for hospitalization costs, a steady increase in direct settlement across provinces for outpatient expenses, and the initiation of direct cross-provincial settlement for treatment of five types of outpatient chronic diseases, such as hypertension, diabetes, malignant oncological outpatient treatment, urinary dialysis and anti-diversion treatment after organ transplantation, in about half of the country's integrated areas (a total of 208). A third generation semiconductor industrial innovation consortium has been set up in Hebei Province. In recent days, the third generation semiconductor industrial innovation consortium in Hebei Province was established by the inaugural assembly of the third generation semiconductor industrial innovation consortium in Yugen County in Pagui City, to build the third generation semiconductor industrial innovation development highlands in Hebei Province. At the conference, the Secretary-General of the third generation of semiconductor industrial innovation consortium in Hebei Province made a presentation on the preparatory process and the organization of the consortium. It is estimated that more than 80,000 tourists stayed in Sanya, while the city of Sanya in Hainan Province experienced repeated outbreaks as a popular tourist city, with temporary global static management throughout the city starting at 6 a.m. on 6 August. According to Heshiang, the deputy mayor of Sanya municipality in Hainan Province, according to current data analysis, most of the infected are now local residents. It is estimated that more than 80,000 tourists remain in Sanya, trying to serve and appease tourists, who are now certified to enter and leave Sanya with nucleic acid. (i) On 6 August, the Office of Covid-19 Pandemic, the lead team for the prevention and control of the epidemic in Shanghai, released a message that, from 00000 hours on 7 August 2022, control would be lifted in the area to the east, south of Shang Ying Road and north of Jiang River Pier Road in the Yangpo District, in the area north of Shang Yin Road, in the area east, south of Shang Ying Road and south of Shang Ying Road. The Yang Pu district has implemented a generalised approach to the prevention and control of the streets of the Sea Road. From 0000 hours on 7 August 2022, the city-wide outbreak risk zone was “zero” and the city-wide implementation of a general approach to the prevention and control of the disease. The first week of a new scheme of debt swaps: a sharp contraction of the daily average to $99.1 billion on 1 August, and the formal implementation of the new regulation of debt swaps. From the first five trading days of implementation, the market for swaps is running smoothly, the heat of the build-up cooled, and the daily balance is down to $99.1 billion, a decrease of 12% from the previous week. Previously, the tradable market had a high turnover of 200 billion yuan on a single-day basis in June. (System Daily) In July, the total revenue of Bitcoin from mining fell by nearly $600 million, by 10 per cent, according to the latest data from The Block Research, by $597 million in July, down by 10 per cent from nearly $668 million in June, of which only 2.07 per cent was for transaction costs. On 6 August, the Sanya branch of China’s Construction Bank closed temporarily, and on 6 August, according to an official Weibo press release issued by the Sanya City Commission, all points in the Sanya branch of China’s Construction Bank were suspended from operating abroad as of 6 August 2022. According to the August 6 announcement, as a result of the increase in hardware and maintenance costs, at 2300 hours on August 10, 2022, the price of a free-riding card would be adjusted as follows: 7 days for a non-discounted card to 15 Yuan; 30 days for a non-discount card to 35 Yuan; and 90 days for a non-discount card to 90 Yuan. According to the information received, the current prices of the three riding cards are 10 Yuan, 25 Yuan and 60 Yuan, respectively. Prior to an institutional survey, the company made a product taste and packaging upgrade during the first quarter as a way to transition product terminal price increases, new editions of light salt products gradually replaced older products after March, and light salt products adapted to consumer health needs, and market acceptance is gradually increasing. At the same time, by collecting consumer feedback, the company found that the market was more favourable to the quality of light salt products, but that the packaging details still needed to be optimized and that the next phase of the company would be optimized, for example, in the light of the colour brightness of the packaging, as suggested by the consumer. Before the launch of the sodium ion two-wheeled electric vehicle in 2023, Cow powered CEO Lee said that Cow power was looking for new battery technology. “In 2023, the company plans to launch the first sodium ion two-wheeled electric vehicle.” According to Li Ying, “During the same continuity mileage, sodium ion cells weigh more than lithium batteries, but have a cost advantage. Battery costs are rising, and there is a need to look for other ways to reduce the price of the vehicles, given the limited increase in the price of the vehicles. (Credit Network) There has been significant progress in the market-based approach to managing high-risk projects in the Trust Trust. The specific programmes are: A long-term front-loading of the project, accompanied by the introduction of the high-performing AAA credit rating subject, Guangzhou City, as guarantor, to secure the safe exit of the principal of the trust by extending the overall duration of the project and making a phased payment. Previously, the project restructuring programme was voted on by the Trust Beneficiaries Assembly and passed by a high vote of 86 per cent. (China Wealth Network) Birkhshir Hasawe had a net loss of $43.376 billion in the second quarter. During the quarter, Camp Hazarwe received $76.18 billion, compared with $69.114 billion for the same period in the previous year; net losses amounted to $43.376 billion and earned $28.425 billion for the same period in the previous year; and operating profits amounted to $9.283 billion, compared to $6.686 billion for the same period in the previous year. On August 6, local time, Chief Executive Officer Tesla Elon Musk said on social media that if Twitter could confirm some of the details of how to measure whether the user account was a “robots or a false account” or a real person, he would buy a Twitter project with $44 billion or continue to move forward. Responsibility Editor (Responsible Editor):


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




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[Financial Morning Post] More than 80,000 tourists were stranded in Sanya due to the epidemic; Buffett's net loss in the second quarter was US$43.376 billion


2022-08-07: [Article Link]  Original title: [Financial Early Report] More than 80,000 passengers remain in the Sanya epidemic; Buffett has a net loss of $4.376 billion in the second quarter Foreign and domestic financial news of interest today is: 1. Central Bank Department: Continue to direct financial institutions to increase lending to the real economy 2. Intense: Encouragement of market parties to play a supportive role of credit protection tools for private economic development The Shanghai-wide disease risk zone “Zero Zero” will implement regularized prevention and control measures. 4. The American bike announced an increase in the price. 5. Musk claims that Twitter acquisition is or will continue [Major information] Continue to guide financial institutions to increase lending to the real economy and maintain steady growth in lending. In recent days, the Ministry of Operations Management of the People's Bank held a working session for the second half of 2022, which called for the implementation of sound monetary policies and the creation of a favourable monetary and financial environment for the resumption of the development of the real economy. To continue to direct financial institutions to increase lending to the real economy and to maintain steady growth in lending; to put in place a programme of work and mechanisms for macroeconomic stabilization and to keep the capital economy operating in reasonable areas. To accelerate the implementation of a wide range of monetary-policy instruments with sufficient re-lending rates, the financial system continues to benefit the real economy, and real lending rates for enterprises have declined steadily. 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. 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. In the first half of the year, more than half of the new business loans went to private companies. According to the latest data from the Bank Insurance Supervisory Board of 6 August, by the end of June, private lending balances of banking financial institutions stood at $58,200 billion, an increase of 11.4 per cent over the same year, with 8,347 million private households with loan balances. The Deputy Director-General of the Policy Research Bureau of the China Bank Insurance Supervisory Board said that, in the first half of the year, more than half of all new bank loans went to private enterprises. The development of long-term lending mechanisms for private enterprises to “lend, willing, able to borrow” has seen positive progress, with a steady increase in financing coverage and a marked improvement in the overall quality of services. The Ministry of Water and Sanitation initiated a flood protection level IV emergency response in eight northern governorates On 6 August, at 1200 hours, the Ministry launched a flood defence level IV emergency response in eight provinces, including Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Shandong, Henan and Shaanxi. The Ministry of Water Affairs has issued a circular requesting the relevant regional water authorities and the Department of Water Affairs, the Yellow River, the Huai River and the Sea River Water Commission to pay close attention to changes in rain and water conditions, to strengthen the monitoring of forecasts, conference analysis and watchkeeping, and to focus on water reservoirs, silt dams and works in progress to secure safety, small- and medium-scale river flooding and flood disaster defence, in order to ensure the safety of people's lives. NHS: The direct settlement of outpatient expenses across provinces has increased steadily In recent days, the National Health Service has published the latest data on direct settlement of medical visits across provinces. The data show a steady increase in the operation of direct settlement across provinces for hospitalization costs, a steady increase in direct settlement across provinces for outpatient expenses, and the initiation of direct cross-provincial settlement for treatment of five types of outpatient chronic diseases, such as hypertension, diabetes, malignant oncological outpatient treatment, urinary dialysis and anti-diversion treatment after organ transplantation, in about half of the country's integrated areas (a total of 208). A third generation semiconductor industrial innovation consortium has been set up in Hebei Province. In recent days, the third generation semiconductor industrial innovation consortium in Hebei Province was established by the inaugural assembly of the third generation semiconductor industrial innovation consortium in Yugen County in Pagui City, to build the third generation semiconductor industrial innovation development highlands in Hebei Province. At the conference, the Secretary-General of the third generation of semiconductor industrial innovation consortium in Hebei Province made a presentation on the preparatory process and the organization of the consortium. It is estimated that more than 80,000 tourists stayed in Sanya, while the city of Sanya in Hainan Province experienced repeated outbreaks as a popular tourist city, with temporary global static management throughout the city starting at 6 a.m. on 6 August. According to Heshiang, the deputy mayor of Sanya municipality in Hainan Province, according to current data analysis, most of the infected are now local residents. It is estimated that more than 80,000 tourists remain in Sanya, trying to serve and appease tourists, who are now certified to enter and leave Sanya with nucleic acid. (i) On 6 August, the Office of Covid-19 Pandemic, the lead team for the prevention and control of the epidemic in Shanghai, released a message that, from 00000 hours on 7 August 2022, control would be lifted in the area to the east, south of Shang Ying Road and north of Jiang River Pier Road in the Yangpo District, in the area north of Shang Yin Road, in the area east, south of Shang Ying Road and south of Shang Ying Road. The Yang Pu district has implemented a generalised approach to the prevention and control of the streets of the Sea Road. From 0000 hours on 7 August 2022, the city-wide outbreak risk zone was “zero” and the city-wide implementation of a general approach to the prevention and control of the disease. The first week of a new scheme of debt swaps: a sharp contraction of the daily average to $99.1 billion on 1 August, and the formal implementation of the new regulation of debt swaps. From the first five trading days of implementation, the market for swaps is running smoothly, the heat of the build-up cooled, and the daily balance is down to $99.1 billion, a decrease of 12% from the previous week. Previously, the tradable market had a high turnover of 200 billion yuan on a single-day basis in June. (System Daily) In July, the total revenue of Bitcoin from mining fell by nearly $600 million, by 10 per cent, according to the latest data from The Block Research, by $597 million in July, down by 10 per cent from nearly $668 million in June, of which only 2.07 per cent was for transaction costs. On 6 August, the Sanya branch of China’s Construction Bank closed temporarily, and on 6 August, according to an official Weibo press release issued by the Sanya City Commission, all points in the Sanya branch of China’s Construction Bank were suspended from operating abroad as of 6 August 2022. According to the August 6 announcement, as a result of the increase in hardware and maintenance costs, at 2300 hours on August 10, 2022, the price of a free-riding card would be adjusted as follows: 7 days for a non-discounted card to 15 Yuan; 30 days for a non-discount card to 35 Yuan; and 90 days for a non-discount card to 90 Yuan. According to the information received, the current prices of the three riding cards are 10 Yuan, 25 Yuan and 60 Yuan, respectively. Prior to an institutional survey, the company made a product taste and packaging upgrade during the first quarter as a way to transition product terminal price increases, new editions of light salt products gradually replaced older products after March, and light salt products adapted to consumer health needs, and market acceptance is gradually increasing. At the same time, by collecting consumer feedback, the company found that the market was more favourable to the quality of light salt products, but that the packaging details still needed to be optimized and that the next phase of the company would be optimized, for example, in the light of the colour brightness of the packaging, as suggested by the consumer. Before the launch of the sodium ion two-wheeled electric vehicle in 2023, Cow powered CEO Lee said that Cow power was looking for new battery technology. “In 2023, the company plans to launch the first sodium ion two-wheeled electric vehicle.” According to Li Ying, “During the same continuity mileage, sodium ion cells weigh more than lithium batteries, but have a cost advantage. Battery costs are rising, and there is a need to look for other ways to reduce the price of the vehicles, given the limited increase in the price of the vehicles. (Credit Network) There has been significant progress in the market-based approach to managing high-risk projects in the Trust Trust. The specific programmes are: A long-term front-loading of the project, accompanied by the introduction of the high-performing AAA credit rating subject, Guangzhou City, as guarantor, to secure the safe exit of the principal of the trust by extending the overall duration of the project and making a phased payment. Previously, the project restructuring programme was voted on by the Trust Beneficiaries Assembly and passed by a high vote of 86 per cent. (China Wealth Network) Birkhshir Hasawe had a net loss of $43.376 billion in the second quarter. During the quarter, Camp Hazarwe received $76.18 billion, compared with $69.114 billion for the same period in the previous year; net losses amounted to $43.376 billion and earned $28.425 billion for the same period in the previous year; and operating profits amounted to $9.283 billion, compared to $6.686 billion for the same period in the previous year. On August 6, local time, Chief Executive Officer Tesla Elon Musk said on social media that if Twitter could confirm some of the details of how to measure whether the user account was a “robots or a false account” or a real person, he would buy a Twitter project with $44 billion or continue to move forward. Responsibility Editor (Responsible Editor):

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

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