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Original Caption: Food & Beverage Revenue Growth Rate Turned Positive For The First Time This Year, Eggshell Apartments Denied Bankruptcy | Finance at 6 pm
Financial news
The annual growth rate of catering revenues turned positive for the first time during the year
According to data released by the National Statistics Office on Monday, from January to October, investment in fixed assets across the country increased 1.8% year-on-year, up 1 percentage point from January to September. In October, total retail sales of consumer goods increased 4.3% year-on-year, an increase of 1 percentage point from September. Among them, catering revenue was 437.2 billion yuan, an increase of 0.8% year-on-year, and the growth rate was positive for the first time during the year; the added value of industrial companies above the designated size increased 6.9% year-on-year, unchanged from the previous year. September.
Eggshell Apartments Denies Bankruptcy Rumors
In response to rumors online that Eggshell Apartments will file for bankruptcy, the Eggshell Apartments Public Relations Department responded to Jiemian News on Monday that it is a rumor. The company encounters financing difficulties, but is actively addressing them. Eggshell Apartment promises you will never get away, rest assured.
Central bank cuts net MLF supply for second month in a row
The People’s Bank of China launched an 800 billion yuan medium-term loan (MLF) operation on Monday. Considering that the 600 billion yuan MLF expires this month, the MLF’s net investment in November was 200 billion yuan, which was the second consecutive month of decline. Analysts interviewed by Jiemian News believe that the first step has been taken in the return of monetary policy to normalization: the risk of default on credit bonds is generally controllable and aggregate policy will not remain lax.
Related Report: Central Bank Slashes MLF Net Supply for Second Month in a Row and Monetary Policy Returns to Normal
The national second-hand housing market continues to cool down in October
According to data released by the National Statistics Office on Monday, only 10 of the 70 large and medium-sized cities across the country had a second-hand home sales price increase in October. This data was 25 in September and 43 in August. In terms of specific cities, in October, the price of second-hand housing in 70 cities increased more than 1% month-on-month. Among them, the largest increase was Shenzhen (0.9%), followed by Shenyang (0.8%), Yinchuan (0.8%) and Yangzhou. (0.8%), Ningbo (0.7%) and Haikou (0.7%).
Related Report: Domestic Second-Hand Home Market Continues to Cool Down in October, Shenzhen Leads Country Growth
Ningbo Provident Fund can be automatically withdrawn monthly to pay off business loans
According to the “Ningbo Daily” news, the Ningbo Provident Fund Center announced on Monday that from now on, commercial mortgage loans for personal homes will be included in the monthly transfer from the housing provident fund. As long as employees sign a commission agreement with the Municipal Housing Provident Fund Center, they can run the entrusted retirement business of the housing provident fund for the payment of personal commercial housing mortgage loans.
Financial opinion
Li Zhan: Asia-Pacific Economic Circle will usher in new development opportunities
Li Zhan, chief economist at the Zhongshan Securities Research Institute, said that the Regional Economic Agreement of Comprehensive Economic Partnership (RCEP) is beneficial to member countries and that the Asia-Pacific economic circle will usher in new opportunities for investment. developing. First of all, China has a vast market, and as China’s economy continues to develop, member states can share in the fruits of China’s economic development. Second, with the continuous transformation and improvement of China’s industries, some labor-intensive industries have a need to relocate. The choice of countries with relatively close geographic locations and preferential policies favors the overall strategic design of Chinese companies. Finally, the signing of the agreement will not only facilitate the exchange of goods between member states, but also facilitate the exchange of funds, which is expected to promote further development of the internationalization of the RMB.
Li Qilin: China’s economic recovery won’t end anytime soon
Li Qilin, director of the China Chief Economists Forum, wrote on Monday that economic data just released in October showed that China’s economy is still recovering. Looking ahead, the upward trend in exports, consumption, and investment in manufacturing is relatively clear. The tightening of real estate financing has limited the risk for investment in construction and installation of real estate. Although investment in infrastructure has little room for recovery, the direction will continue to be upward and economic recovery will be short-term. It will not end.
Financial data
China completes the year ahead of schedule for new employment targets in urban areas
The effect of “stabilizing employment” has emerged. According to Fu Linghui, a spokesperson for the National Bureau of Statistics, on Monday announced that 10.09 million new jobs were created in cities and towns across the country from January to October, completing the annual target task ahead of schedule. In October, the nationally surveyed unemployment rate in urban areas was 5.3%, a decrease of 0.1 percentage points from September. The employment situation was generally stable.
China strives to exceed 5 trillion yuan in total sports industry by 2025
Gou Zhongwen, secretary of the Party Leadership Group and director general of the General State Sports Administration, wrote in the Study Times on November 16 that the total scale of the sports industry will exceed 5 trillion yuan by 2025; the sports industry will become a mainstay industry of the national economy by 2035, allowing regular participation in sports. Exercise becomes a way of life.
The Shanghai stock index rose more than 1%, the yuan rose 374 points against the dollar
The stock market closed, the Shanghai Composite Index reported 3346.97 points, an increase of 1.11%, the Shenzhen Component Index reported 13,850.83 points, an increase of 0.70%, and the ChiNext Index reported 2712.41 points, an increase of 0.21%. On the disc, the semiconductor concept rallied in the afternoon, spirits stocks rose sharply, and the touring and driverless concepts surged. In the currency market, the onshore renminbi closed at 6.5770 against the US dollar, 374 points more than the previous day.
