1.LI Yunze, Director of the State Administration for Financial Regulation, recently presided over a symposium on high-quality development of the insurance industry and pointed out that the development of the insurance industry is closely related to the macro economy. We shall give full play to the long-term investment advantages of insurance funds and increase investment in key areas such as strategic emerging industries, advanced manufacturing, and new infrastructure.
2.According to The Paper News, the number of second-hand housing transactions in Shanghai in November has exceeded 20000, with 1224 transactions on November 23rd, breaking the record for the highest daily transaction of second-hand housing in November. Behind the active transactions is the continuous efforts of Shanghai's seven new policies and the continuous introduction of a new round of incremental policies, which have played a decisive role in stabilizing and boosting the real estate market.
3.The maximum amount of one person housing provident fund loans in Guangzhou, Guangdong Province has been increased to 800000 yuan; Reduce the minimum down payment ratio for purchasing two self occupied housing provident fund loans from 30% and 40% to 20%, consistent with the purchase of the first home; The minimum down payment ratio for applying for a housing provident fund loan to purchase affordable housing is 15%.
4. Hong Kong Financial Services and the Treasury Bureau's XU Zhengyu stated that the Shanghai and Shenzhen Stock Connect has become the most important way for international investors to invest in the mainland securities market. The daily average trading volume of the Shanghai and Shenzhen Stock Connect has risen from about 6 billion yuan when it was launched in 2014 to about 136 billion yuan at the end of October this year, accounting for about 8% of the total trading volume of the Shanghai and Shenzhen stock markets.
5. CITIC Securities' analysis points out that currently, the incremental capital situation in the A-share market has significantly improved, and it is a consensus that the market liquidity is abundant. In the future, the excess savings of Chinese residents will provide space for improving the liquidity of A-shares. With the reversal of deflation expectations, other funds such as the bond market are expected to continue flowing into A-shares.
6. Zhang Lei of Shanghai Clearing House said that the attraction of China's bond assets to global investors is gradually increasing. In the first 10 months, foreign investors reached a total of 16.5 trillion yuan in cash bond transactions, a year-on-year increase of 33.9%. Among them, policy financial bonds and other products with good liquidity accounted for as much as 45%.
7.According to data from the Civil Aviation Administration of China, the scale of civil aviation transportation in China showed a steady growth trend in October, with a total of 64.092 million passengers transported, including 5.803 million passengers transported on international routes, recovering to 96% of the same period in 2019.
8. China National Petroleum Corporation (CNPC) announced that the first national level terrestrial shale oil demonstration zone in China, Jimsar National level Continental Shale Oil Demonstration Zone in Xinjiang, will achieve a cumulative production of over 1 million tons in 2024, becoming the first national level terrestrial shale oil demonstration zone to achieve an annual output of over one million tons.
9.Huawei officially released the Mate70 series smartphones on November 26th. The new device adopts the symmetrical design of the Mate series camera module, supports side fingerprint, and introduces satellite paging function. On the same day, the new generation of dual folding screen smartphone Huawei Mate X6 was released, which is the world's first mass smartphone to support three network satellite communication.
10.According to the Science and Technology Innovation Board Daily, it is reported that Samsung has successfully significantly reduced the amount of photoresist used in the photolithography process of 3D NAND flash memory production. It has developed a production roadmap for future NAND, using only half of the current amount of photoresist.
