June 25, 2024
Quick facts
■ The National Science and Technology Conference, the National Science and Technology Award Conference, and the Academician Conference of the Chinese Academy of Sciences and the Chinese Academy of Sciences were held in Beijing on the morning of June 24. Xi Jinping presented awards to the winners of the highest national science and technology awards and delivered important speeches. Academician Li Deren and Academician Xue Qikun won high honors in China's scientific and technological circles.
■ On the afternoon of June 24, President Xi Jinping attended the signing ceremony of the cooperation document at the Great Hall of the People in Beijing with Polish President Duda, who is on a state visit to China.
■ On June 24, President Xi Jinping sent a congratulatory letter to the 2024 "Guling Yuan" China-US Youth Exchange Week.
■ On June 24, the National Development and Reform Commission, the Ministry of Agriculture and Rural Affairs, the Ministry of Commerce, the Ministry of Culture and Tourism and the State Administration for Market Regulation jointly issued the Measures on Creating New Consumption Scenarios and Cultivating New Consumption Growth Points to cultivate and expand new consumption growth points and promote stable growth of consumption.
■ On June 24, Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology, said that the Ministry of Industry and Information Technology has fully implemented the high-level opening-up policy and vigorously supported the development of multinational companies in China.
■ Pei Xiaofei, spokesperson of the Ministry of Ecology and Environment, introduced at a press conference on June 24 that he will study and formulate "2+36" urban air pollution prevention and control measures in Beijing-Tianjin-Hebei and surrounding areas, introduce a number of measures for the ecological environment department to promote the development of the private economy, and work with relevant departments to formulate policy documents on green finance to support the construction of a beautiful China, so as to make positive contributions to promoting the development of new productive forces.
■ On June 24, the Ministry of Finance announced the economic operation of state-owned and state-controlled enterprises across the country from January to May 2024. From January to May, the total operating income of state-owned enterprises was 32,846.51 billion yuan, a year-on-year increase of 3.1%. From January to May, the total profit of state-owned enterprises was 1,706.43 billion yuan, a year-on-year increase of 2.3%. From January to May, the taxes and fees payable by state-owned enterprises were 2,495.99 billion yuan, a year-on-year increase of 1.5%.
■ According to the news of the National Health Insurance Administration on June 23, the national flight inspection team inspected some designated medical institutions in Zhengzhou City and Zhoukou City, Henan Province, and initially found that Zhengzhou Guancheng Yufeng Hospital and Zhoukou Shangshui Qingkang Hospital were suspected of fraud and insurance fraud.
Economics and Finance
■ The Central Financial Work Conference pointed out that strengthening the centralized and unified leadership of the CPC Central Committee over financial work is the fundamental guarantee for doing a good job in financial work. The "Excerpts from Xi Jinping's Discourses on Financial Work" (hereinafter referred to as the "Excerpts from the Discourses") focuses on the important positions, views and methods of General Secretary Xi Jinping on further strengthening party building and cadre team building in the financial system. At present, the State Administration of Foreign Exchange is thoroughly studying, publicizing, and implementing the "Excerpts from the Discourse," and Wu Jianwu, chief economist and full-time deputy secretary of the party committee of the organ, was recently interviewed by a reporter from the Financial Times. 【Details】
■ Recently, the official website of China Development Bank has been updated to show that Chen Mengmeng has officially assumed the position of vice president. Previously, the State Administration of Financial Supervision and Administration had approved Chen Mengmeng's qualifications as vice president of the China Development Bank. 【Details】
■ Recently, the China Banking Association released the "China Consumer Finance Company Development Report (2024)". The report pointed out that consumer finance companies have effectively implemented macroeconomic policies to expand domestic demand, increased the supply of consumer credit, and both exceeded one trillion yuan in assets and loan balances in 2023, reaching 1,208.7 billion yuan and 1,153.4 billion yuan, respectively, a year-on-year increase of 36.7% and 38.2%.
■ On June 24, the Shenzhen Stock Exchange issued an announcement that the daily closing price of Jiangsu Zhongnan Construction Group Co., Ltd. for 20 consecutive trading days from April 3, 2024 to May 8, 2024 was lower than 1 yuan, touching the termination of the listing of the stock.
■ Recently, China Merchants Bank issued an announcement on the resolution of the board of directors, stating that it agreed to appoint Zhong Desheng as the chief risk officer of China Merchants Bank and Zhou Tianhong as the chief information officer of China Merchants Bank, and the term of office of the above personnel will be from the date of approval of the qualifications of the State Financial Supervision and Administration to the date of expiration of the 12th board of directors.
■ According to the website of the Supreme People's Procuratorate, the case of Zhuang Enyue, former member of the Party Committee and vice president of China Cinda Asset Management Co., Ltd., who was suspected of accepting bribes, was investigated by the Supervision Commission of Anshan City, Liaoning Province, and transferred to the procuratorate for review and prosecution. After the Supreme People's Procuratorate designates jurisdiction, the Anshan Municipal People's Procuratorate is to review and prosecute. A few days ago, the Anshan City People's Procuratorate made a decision to arrest Zhuang Enyue on suspicion of accepting bribes in accordance with the law.
■ On June 21, the Inner Mongolia Supervision Bureau of the State Administration of Financial Supervision and Administration issued an approval for the dissolution of Zhenglanqi Huize Village Bank. According to the statistics of the Securities Times, going back to the week before the approval was issued, 40 small and medium-sized rural banks have been absorbed, merged or dissolved. In addition to the above-mentioned village and township banks, Liaoning Rural Commercial Bank was approved to absorb and merge 36 rural small and medium-sized banking institutions; Minsheng Bank acquired 1 village bank and set up a branch; Dongguan Rural Commercial Bank absorbed and merged two village and township banks.
Social hotspots
■ From June 21st to June 22nd, there was a heavy rainstorm in Wuqiangxi Town, Yuanling, Huaihua, Hunan, with a total of 399.1mm of rainfall in 24 hours, of which the rainfall of 6 hours, 12 hours and 24 hours has exceeded the historical extreme. Heavy rainfall occurred in the whole town, which caused flash floods in Wanyang Creek, a river in the jurisdiction. The reporter learned from relevant departments that up to now, the flash flood in Wuqiangxi Town, Yuanling County, Hunan Province on the 21st has killed 4 people and 1 person is missing.
■ The Central Meteorological Observatory issued a red warning for heavy rain at 10 o'clock on June 24, which is also the first red warning for heavy rain this year. From 14 o'clock on June 24 to 14 o'clock on the 25th, there were heavy to heavy rains in parts of eastern Jianghuai, central and northern Jiangnan, eastern Guizhou, northern Guangxi, central and western Yunnan, among them, there were heavy rainstorms in parts of southern Anhui, northeast Hunan, northern Jiangxi, and western Zhejiang, and local heavy rains (250~270 mm) in southern Anhui, northeast Jiangxi, and western Zhejiang.
International dynamics
■ According to CCTV News, the Chinese Embassy in South Korea confirmed on the 24th that 19 Chinese citizens were killed in the fire at the Hwaseong battery factory in Gyeonggi Province, South Korea. On the morning of the 24th local time, a fire broke out at a battery factory in Hwaseong, Gyeonggi Province, South Korea. According to the Gyeonggi Provincial Fire and Disaster Headquarters in South Korea, as of 17:55 on the same day, the fire has killed 22 people. Earlier in the day, the fire department said 23 people were missing in the fire, 20 of them foreigners.
■ According to CCTV News, on June 23, local time, U.S. prosecutors recommended that senior officials of the U.S. Department of Justice file criminal charges against Boeing after finding that Boeing had violated a settlement agreement related to two fatal crashes, and the Department of Justice must decide whether to prosecute Boeing before July 7.
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