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Original Title: Tianjin Bans Collecting Facial Recognition Information, and Average Annual Salary for Qualified Talent in Shanghai Exceeds 120,000 | Finance 6:00 pm
Economic news
Tianjin Legislation Prohibits Collection of Facial Recognition Information
According to news from the Tianjin Municipal Government, the Standing Committee of the Tianjin Municipal People’s Congress voted to approve the “Tianjin Social Credit Regulations.” Article 16 of the “Regulation” stipulates that when a provider of market credit information collects information about a natural person, it must obtain the consent of the person and agree on the purpose, unless the laws and administrative regulations provide otherwise. Market credit information providers should not collect the religious beliefs, blood types, medical and disease history of natural persons, biometric information and other personal information that is prohibited by laws and administrative regulations.
The Foreign Ministry responds to US restrictions on the listing of Chinese companies
According to Bloomberg News, the US House of Representatives may pass a bill to restrict Chinese companies from listing in the US this week. In response, Chinese Foreign Ministry spokesman Hua Chunying responded on Wednesday that the United States has adopted a discriminatory policy against Chinese companies and is politically cracking down on Chinese companies. In today’s highly globalized capital market, the relevant parties can frankly strengthen cross-border regulatory cooperation, and strengthening dialogue and cooperation on issues such as protecting the legitimate rights and interests of investors is the right way to solve the problem. We strongly oppose the politicization of securities supervision. We hope the United States can provide a fair and equitable environment for foreign companies to invest and operate in the United States, rather than trying to create layers of roadblocks.
Domestic refined oil prices will usher in the biggest increase this year
According to a report by China Economic Net, as of 12pm on December 3, the price adjustment for domestic refined oil may receive “two consecutive increases.” According to Li Yan, an oil analyst at Longzhong Information, the price adjustment for refined petroleum products can be 250 yuan / ton. If this is the case, it means that the biggest rise in the price of oil this year is yet to come. Based on the calculation of the 50-liter fuel tank of a private car, filling a fuel tank will cost almost 10 yuan.
The Ministry of Housing and Urban-Rural Development relaxes restrictions on market access
The Ministry of Housing and Urban-Rural Development issued on Wednesday the “Reform Plan of the business qualification management system of construction engineering”, which proposes to further relax restrictions on access to the construction market, significantly simplify the conditions of approval and relaxation of the evaluation requirements for corporate funds, key personnel, project performance and technical team.
The Ministry of Commerce implements import licenses and export control on commercial encryption
The Commerce Ministry issued an announcement on Wednesday, deciding to implement import licensing and export controls on commercial crypto from January 1, 2021. The import of items and technologies listed in the “Commercial Crypto Import Licenses List” and the export of items and technologies listed in the “Commercial Encryption Export Control List” must apply to the Ministry of Commerce for an export license for dual-use items and technologies.
Financial opinion
Sheng Songcheng: No need to tighten monetary policy in six months
Sheng Songcheng, dean of the Research Institute of China Chief Economists Forum, noted that the macroeconomic policy orientation has shifted from “stabilizing growth” to “stabilizing growth and preventing risks,” but is far from reaching the conditions. to tighten monetary policy, at least in the first half of next year. Before, monetary policy should not be tightened. The basis for China’s economic recovery is still weak. The growth of the tertiary industry has not yet returned to the level of normal years; enthusiasm for production and business investment is low and the cumulative growth rate of investment in manufacturing from January to October is only -5.3%; the unemployment rate remains high. In addition, the epidemic has a greater impact on private companies. The prosperity of small manufacturing companies in the second and third quarters was significantly lower than that of large and medium-sized manufacturing companies.
Dong Dengxin: the retirement age of men and women should be unified
Dong Dengxin, director of the Hubei Small and Medium Business Research Center, pointed out that the current retirement age gap between men and women in urban areas in China is obviously too large. Special workers are 45 years old, female workers 50 and men 60 years. Life expectancy is 4.4 years longer than that of men. Therefore, China’s retirement age reform should be the first to unify the retirement age of men and women to 60 and then expand it. This not only leads to the unification and fairness of the system, but also to the reform path that best suits China’s national conditions.
Financial data
Average annual salary for skilled talents in Shanghai is over 120,000 yuan
According to the Shanghai Municipal Human Resources and Social Security Bureau, in 2019, the average annual salary for skilled talents in Shanghai was 127,900 yuan, which was over 120,000 yuan. The higher the skill level, the higher the salary. Among them, the salaries of qualified personnel in the electricity, gas and water production and supply industries, information technology services and technology services are higher.
Average daily retail passenger car sales in November increased 5% YoY
According to data released by the Joint Passenger Car Market Information Conference, in November, the average daily retail sales of the passenger car market was 62,000, a year-on-year increase of 5%. Among them, the average retail volume on the first day of the week was the highest, reaching 35,000 vehicles, a year-on-year increase of 20%, basically the same as the same period in 2018.
November Heavy Truck Sales Expected To Increase 26% YoY
According to First Commercial Vehicle Network, in November, China’s heavy truck market sold around 128,000 vehicles of various types, a 7% decrease from the previous month and a 26% year-on-year increase. In the first 11 months of this year, the heavy truck market has sold approximately 1.52 million vehicles of various types, an increase of 39% year-on-year.
The Shanghai stock index closed down 0.07%, the yuan rose 23 points against the dollar
The stock market closed, the Shanghai Composite Index closed at 3,449.38 points, down 0.07%; the Shenzhen Component Index closed at 13,961.58 points, 0.22% more; the ChiNext Index closed at 2,682.97 points, 0.57% less. On the disc, MiniLED, biodegradable plastics, carbon and other sectors were among the top winners, while organic silicon, bicycles and spirits were among the top declining sectors. In the foreign exchange market, at 4:30 p.m., the official closing price of the onshore RMB against the US dollar was recorded at 6.5684, an increase of 23 basis points from the previous day.
