news

NO.1 li qiang presided over the executive meeting of the state council

premier li qiang chaired an executive meeting of the state council on september 29. the meeting deployed relevant measures to accelerate the implementation of 102 major projects in the "14th five-year plan". the meeting pointed out thatthe implementation of 102 major projects during the "14th five-year plan" period is an important arrangement made by the party central committee for current and long-term planning. it is necessary to focus on the overall situation and grasp the implementation of major projects, further consolidate the responsibilities of all parties, strengthen departmental coordination and central-local linkage, strengthen financial support and factor resource guarantees, solve difficulties and blockages, and ensure that the construction of major projects achieves the expected results.(news network)

NO.2 china and the united states hold a new round of foreign policy consultations

on september 27, 2024, miao deyu, assistant minister of foreign affairs and director of the policy planning department, held talks with the us state department in new yorkahmed, director of the policy planning department, held a new round of china-us foreign policy consultations. the two sides had a candid and in-depth exchange of views on the international situation and related issues.(ministry of foreign affairs)

NO.3 good news for real estate! the latest statement from the central bank

the people's bank of china issued an announcement on september 29 to improve the interest rate pricing mechanism for commercial personal housing loans, allowing existing housing loans that meet certain conditions to renegotiate the point increase range, and promote the reduction of existing housing loan interest rates.the market interest rate pricing self-discipline mechanism also issued an initiative. in principle, all commercial banks should carry out batch adjustments to eligible existing housing loans before october 31, 2024. for existing mortgage interest rates with a point increase higher than -30 basis points, the interest rates will be uniformly adjusted to no less than -30 basis points, and not lower than the lower limit of new mortgage point increase (if any) currently implemented in the city where the city is located, making the interest rate level close to the national new rate. mortgage interest rates are around 0.5 percentage points on average. in order to adapt to the new changes in the supply and demand relationship in the real estate market, during the batch adjustment and regular adjustment stages, there will no longer be a distinction between first and second homes (except for cities with a lower limit on mortgage interest rates and distinction between first and second homes), and guidance will be given to first and second homes. the interest rate on existing second mortgages has dropped to around the national average for new mortgages, reducing the interest burden on borrowers with existing mortgages.

september 29,shanghai issued the "notice on further optimizing policies and measures for the city's real estate market", adjust the housing tax policy: (1) adjust the value-added tax collection and exemption period, and adjust the value-added tax collection and exemption period for individual external sales of housing from 5 years to 2 years. (2) in accordance with national work arrangements, timely cancel ordinary housing standards and non-ordinary housing standards to reduce housing transaction costs and better meet residents' needs for improved housing. this notice will be effective from october 1, 2024.

september 29,the general office of the guangzhou municipal people's government issued a notice on adjusting measures for the stable and healthy development of the real estate market.. the notice clarified that various purchase restriction policies for residential households to purchase housing in this city will be cancelled, and the notice will be officially implemented from september 30, 2024. after this adjustment to the purchase restriction policy, households with household registration, non-household registration, and single persons purchasing housing within the city will no longer be subject to review of home purchase qualifications, and there will no longer be restrictions on the number of housing units purchased.

the shenzhen municipal housing and construction bureau announced that it will optimize the zoning housing purchase restriction policy, cancel restrictions on the transfer of commercial housing and business apartments, and adjust the value-added tax exemption period for personal housing transfers from 5 years to 2 years., and optimize personal housing loan policies. the minimum down payment ratio for commercial personal housing loans for first homes is adjusted to 15%, and the minimum down payment ratio for commercial personal housing loans for second homes is adjusted to 20%. we will launch a pilot program for the sale of existing homes, gradually increase the proportion of existing homes sold in newly supplied land, and advance the reform of the sales system in an orderly manner.

on september 29, ni hong, secretary of the party committee and minister of the ministry of housing and urban-rural development, chaired a party group meeting. the meeting emphasized that we must effectively unify our thoughts and actions on the party central committee's scientific judgment of the current economic situation, conscientiously implement the party central committee's decisions and arrangements, further enhance the sense of responsibility and mission for economic work, face difficulties, strengthen confidence, and fully release housing and urban-rural construction has great potential to stabilize growth and expand domestic demand. with the main line of laying a solid foundation and deepening reforms, we will make every effort to promote the real estate market to stop falling and stabilize, continue to promote the industrialization, intelligence, and green transformation and upgrading of the construction industry, actively implement urban renewal actions, and systematically promote the construction of "four good" good houses, good communities, good communities, and good urban areas, strive to do practical things to ensure and improve people's livelihood, and contribute to the completion of the annual economic and social development goals and tasks.

on september 29, the china real estate association issued an initiative to the entire industry to carry out the "hundred cities commercial housing promotion activities", concentrating efforts to unite relevant social organizations in october this year to mobilize and support more than 100 cities to participate in commercial housing promotion activities. focus on mobilizing real estate industry organizations and enterprises in 70 large and medium-sized cities to actively organize and carry out promotional activities, such as holding real estate exhibitions and organizing on-site viewings, etc., to promote the real estate market to stabilize and stabilize the industry, and promote the healthy development of the industry. (cctv news, shanghai release, guangzhou daily, china construction news, shenzhen housing and construction bureau website)

NO.4 shanghai stock exchange test ends: 270 million orders received

china securities journal news,the tests of the shanghai stock exchange on september 29 have all ended, and the bidding trading system has received a total of 270 million orders, which is twice the historical peak and three times the number declared on september 27.the overall system performance is normal and in line with expectations. previously, the shanghai stock exchange was scheduled to organize business tests related to bidding, comprehensive industry and other platforms on september 29, and invite relevant market participants to participate in the tests, mainly to verify the accuracy of relevant technology platform businesses and technical adjustments.

NO.5 are you all looking forward to the big market? the number of new and old customers has increased significantly

the market is so hot! the trading volume of a-shares has exceeded rmb 1 trillion continuously, and the number of securities firms opening accounts has surged. according to various reports from daily economic news reporters,recently, the number of account openings at many securities firms has increased by 2-4 times, especially online account openings have increased significantly. what’s more, previously inactive customers are starting to return. some brokerage sources said that the average daily "recall" volume of inactive user accounts has increased by 3-5 times compared with the previous period.

NO.6 heavy! continue to reduce payment fees

on september 29, the general clearing center of the people's bank of china announced that starting from 16:00 on september 30, 2024,the general clearing center will continue to implement the arrangement of "a 10% discount for transactions with a single amount of less than 100,000 yuan (inclusive) in the small batch payment system and the online payment inter-bank clearing system".promotion end time will be notified later.

NO.7 economic performance of state-owned and state-holding enterprises across the country from january to august

september 29,ministry of financereleased the economic performance of state-owned and state-holding enterprises across the country from january to august.from january to august, the total operating income of state-owned enterprises was 53.81223 billion yuan, a year-on-year increase of 1.4%. from january to august, the total profit of state-owned enterprises was 2.88368 billion yuan, a year-on-year decrease of 2.1%. from january to august, taxes and fees payable by state-owned enterprises were 3.92256 billion yuan, a year-on-year increase of 0.7%. at the end of august, the asset-liability ratio of state-owned enterprises was 64.9%, an increase of 0.1 percentage point.

NO.8 international news

sources say nasrallah’s body has been found

according to a reuters report on september 29, sources in the lebanese health and security departments told reporters,hezbollah leader hassan nasrallahthe body has been found at the scene in the southern suburbs of beirut that was hit by israeli air strikes.although hezbollah's statement confirming nasrallah's death on the 28th did not specify how he was killed, sources said that nasrallah's body was intact and there were no direct wounds. the cause of death seemed to be caused by the force of the explosion. blunt trauma.

NO.1 the five major banks announced that they will adjust the interest rates of existing personal housing loans

china construction bank(sh601939, stock price 7.65 yuan, market value 1.91 trillion yuan):on september 29, according to the china construction bank website, the bank is working hard to formulate an implementation plan for batch adjustments to existing mortgage interest rates. it plans to release specific operational details on october 12, 2024, and complete the batch adjustments by october 31, 2024. relevant matters will be released in a timely manner on china construction bank's official website, wechat official account, outlets and other channels, so please pay attention.

agricultural bank of china (sh601288, stock price 4.70 yuan, market value 1.64 trillion yuan)：on september 29, the agricultural bank of china issued an announcement on adjusting the interest rates of existing commercial personal housing loans. it will provide convenient services through multiple channels in accordance with the principles of marketization and rule of law, and carry out interest rate adjustments in accordance with laws and regulations. the interest rate adjustment work will be carried out in 2024. specific operational matters were announced on october 12, and batch adjustments to existing commercial personal housing loan interest rates will be implemented before october 31, 2024. relevant information will be announced later on the agricultural bank of china’s official website, wechat official account, loan agency bank, 95599 and other channels.

industrial and commercial bank of china (sh601398, stock price 6.01 yuan, market value 2.14 trillion yuan)：on september 29, the industrial and commercial bank of china issued an announcement on adjusting the interest rates of existing personal housing loans, saying that it actively responded to the initiative of the self-regulatory mechanism and was advancing the adjustment of existing housing loan interest rates in an orderly manner. the bank will follow the principles of marketization and rule of law and carry out existing mortgage interest rate adjustments in accordance with laws and regulations. it plans to announce specific operational guidelines and related matters on october 12, 2024 through the official website of the industrial and commercial bank of china, wechat official account, outlets, 95588 and other channels. , and will complete the batch adjustment of existing mortgage interest rates before october 31, 2024, so please pay attention.

bank of china (sh601988, stock price 4.87 yuan, market value 1.43 trillion yuan):on september 29, the bank of china issued an announcement on the adjustment of existing housing loan interest rates, saying that it will resolutely implement the "people's bank of chinaannouncement [2024] no. 11" requires that we actively respond to the initiative of the self-regulatory mechanism and are advancing the reduction of existing commercial personal housing loan interest rates in an orderly manner in accordance with the law. the bank will follow market-oriented,legalizationin principle, the implementation details will be formulated in accordance with the law and regulations, and technical preparations will be made at the same time. specific implementation rules will be released on october 12, 2024 through the bank’s official website, official wechat public account, loan agency bank, 95566 and other channels, and will be released in 2024 batch adjustments to existing mortgage interest rates will be implemented before october 31.

bank of communications (sh601328, stock price 7.24 yuan, market value 537.7 billion yuan):on september 29, the bank of communications issued an announcement on matters related to interest rate adjustments for existing commercial personal housing loans. the bank of communications is carrying out preparations for interest rate adjustments on existing commercial personal housing loans in an orderly manner in accordance with the law. efficient and convenient multi-channel services will be provided and implemented in accordance with laws and regulations. specific operational matters are planned to be announced on october 12, 2024, and batch adjustments to existing commercial personal housing loan interest rates will be unified before october 31, 2024.

comments:this is an important move by the five major state-owned banks to simultaneously adjust the existing personal housing loan interest rates, which is expected to have a significant impact on the housing market and personal loan borrowers.

NO.2 ningdesubstituteying's production base catches fire

catl (sz300750,share price226.81yuan, market value10,000billion)：on september 29, regarding the fire in a factory at catl’s ningde base, catl responded to investors’ questions on an interactive platform and stated that at noon on september 29, a fire broke out in an independent building in the dongqiao factory area of ​​​​the company’s ningde base. based on the company’s perfect monitoring system, the company discovered the fire immediately and dealt with it quickly. with the full support of the fire protection and relevant government departments, and the joint efforts of relevant colleagues in the company, the open fire was extinguished and there were no casualties. the cause of the fire is still under investigation. the number of affected products is small and the impact on the company's overall production and operations will be small.

NO.3 yonghui supermarket issued a clarification announcement

yonghui supermarket（SH601933,share price3.30yuan, market value299.48billion)：yonghui supermarket issued a clarification announcement on the evening of september 29. the company is concerned about relevant media reports circulating on the internet about the changes of chairman and fat donglai. the equity ratio of the company’s founder and chairman zhang xuansong has not changed in any way, nor has it been reduced. plan to maintain. in the future, the company will continue to learn from pang donglai, and pang donglai will continue to help yonghui supermarket, strive to achieve healthy operation goals, strengthen quality and safety, and make the company's operations healthier. the company's store adjustments are proceeding steadily and orderly, and there are no rumors mentioned above; the company strongly opposes misleading rumors and false rumors about the company.

comments:yonghui supermarket is a well-known company in china's retail industry. rumors about chairman zhang xuansong's equity changes may trigger concerns about the company and market fluctuations, but the company's response will help stabilize investor sentiment.

NO.4 a new project in zhengzhou announced a 2% price increase across the board

henan zhuokai real estate co., ltd.:on september 28, henan zhuokai real estate co., ltd. issued an announcement through the wechat public platform. the properties for sale in its evergreen jinshuichen garden will increase by 2% (approximately 300 yuan) starting from 24:00 on september 30, 2024. /square meter). yan yuejin, deputy director of shanghai e-house real estate research institute, believes: "it is expected that more cities will join the ranks of price increases in the future." however, before publishing, reporters noticed that zhuokai real estate had deleted this tweet.

comments:the publication and subsequent deletion of price increase tweets shows the sensitivity of the market and potential price increase expectations. this may have an impact on the development of the entire real estate industry and investor sentiment.

NO.5 oriental fortune executives reduce holdings of 1.2 million shares before stock price soars

oriental fortune（SZ300059,share price16.92yuan, market value2671billion):flush data shows that from september 24 to september 27, the securities sector as a whole rose by 24.65%, citic securities, the leading brokerage firm, rose by 28.07%, and oriental fortune rose by 57.69%. it is worth noting that on the evening of september 19, oriental fortune issued an announcement stating that the company received a "notification letter on the completion of the share reduction plan" from senior executive cheng lei. on that day, cheng lei reduced his holdings by 1.2 million shares at an average price of 10.8 yuan per share through centralized bidding. based on the average price reduction, he cashed out 12.96 million yuan. according to oriental fortune's 2023 annual report, cheng lei was born in february 1977. he has a bachelor's degree in computer software from fudan university and a master's degree in software engineering from fudan university. he currently serves as the company's deputy general manager and director of the r&d center, and belongs to the senior management ranks. the start date of his tenure has been since 2007, and it has been 17 years now. oriental fortune was established in 2005, and cheng lei can be called one of the company’s veterans. the shares it holds come from the company's pre-ipo shares and shares obtained from the exercise of stock options (including shares obtained from equity distribution and transfer).

comments:the overall rise in the securities sector is related to the improvement in market sentiment, and brokerage stocks have attracted investors' attention. however, the reduction of holdings by oriental fortune executives has caused negative impacts, and it is necessary to pay attention to investor sentiment and corporate governance issues.

NO.6 the actual controller of the common people is released from lien

common people (SH603883, stock price 15.8 yuan, market value 12.012 billion yuan)：on september 29, people announced that the company learned on september 29, 2024 that the hunan provincial supervisory committee had lifted the lien measure against the company’s actual controller and chairman xie zilong. at present, the company's production, operation and management are in normal condition, and xie zilong has been able to perform his duties as the company's legal representative and chairman of the board. on july 31, people announced that the family of xie zilong, the actual controller and chairman of the company, received a notice issued by the hunan provincial supervisory committee that xie zilong was detained and investigated. the matters involved have nothing to do with the company. as of the date of the announcement, the company has not received notice from relevant authorities, nor has it been asked to assist in the investigation. the company has a complete organizational structure and standardized governance system. other directors, supervisors and senior managers are performing their duties normally. this matter will not have a significant impact on the company's normal operations.

comments:the lien on the chairman of the company's actual controller has caused market concern. lifting the lien will have a positive impact on the company's stability and normal operations. it is necessary to pay attention to subsequent developments and changes in corporate governance.

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