1.CCTV News reports that the seventh CIIE has seen brisk deals, with a total of $80.1 billion in intended purchases, up 2.0% from the previous session. A total of 39 government and 4 industry purchasing delegations organized over 430,000 professional buyers, an increase of 4% from last year.
2. The latest data from Shanghai shows that since the "9.29 policy" was implemented over a month ago, the market has warmed up significantly. In October, new housing sales reached 670,000 square meters, an increase of 31% from the previous month and 14% from the same period last year. Meanwhile, the resale housing market saw sales of 18.2 million square meters, an increase of 53% from the previous month and 77% from the same period last year.
3． According to the Economic Daily, the interest rates of special deposit products such as large-sum deposits have fallen, entering the "1" era. In order to reduce the cost of funds and alleviate the pressure of narrowing interest margins, commercial banks will continue to lower deposit interest rates. Therefore, the interest rate of large-sum deposits will also decrease as the interest rate of deposits decreases, and the speed of decrease may be faster.
4.According to China Fund Daily, since the end of September, the stock market has been heating up rapidly, with low-risk funds shifting their investments to equity assets. This has put pressure on fixed-income plus (“固收+”) products to face "household migration" of funds. In the third quarter, the size of "固收+" funds shrunk by 9%， with a current low annual size of 7606 billion units.
5. The Hong Kong Monetary Authority requires retail banks that offer unsecured consumer credit products to individual customers to provide a cooling-off period for all such products offered to individual customers by no later than June 30, 2023. The cooling-off period for individual customers to repay or redeem loans should not be less than 7 consecutive natural days following the day of drawing the loan.
6. Ningxia Hui Autonomous Region will raise the loan limit for entrepreneurship guarantee loans. The individual loan limit will be raised from a maximum of 200,000 yuan to a maximum of 300,000 yuan, while the limit for small and micro enterprise loans will be raised from a maximum of no more than 3 million yuan to a maximum of no more than 4 million yuan.
7. Tianjin has stated that by the end of 2027, the annual transaction volume of cross-border e-commerce will account for 10% of the city's total foreign trade and imports and exports, with the goal of exceeding 100 billion yuan and nurturing more than 50 cross-border e-commerce export brands with a certain degree of international influence.
8.Xinjiang Daily reports that as of November 9th of this year, the total cargo volume transported by Xinjiang railways has reached 200.1 million tons, 29 days ahead of last year's breakthrough of two hundred million tons.
9.According to 36Kr, research shows that the annual carbon dioxide emissions in the private aviation industry increased by 46% from 2019 to 2023. Some individuals who frequently use private aviation produce nearly 500 times more carbon dioxide in a year than the average person.
10. JD.com's discount shopping brand Jingxi will invest 1 billion yuan annually to subsidize the prices of white-label domestic goods factories, provide operational and traffic support, and subsidize logistics costs.
