【Key Focus】
•The State Council Information Office will hold a press conference on the 17th to introduce the promotion of the stable and healthy development of the real estate market
•Three departments issued the "Implementation Measures for the Pilot Reform of Water Resources Tax"
• Two departments: pay close attention to establishing and improving the coordination mechanism for financing support for small and micro enterprises
•The mainland successfully launched the 02 group of satellites in Qianfan Polar Orbit
• Fed's Daly: If the economy meets expectations, interest rate cuts are still possible within the year
Canada inflation fell to 1.6% in September
【Domestic News】
•The Information Office of the State Council will hold a press conference at 10 a.m. on October 17 to invite Ni Hong, Minister of Housing and Urban-Rural Development, and responsible persons of the Ministry of Finance, the Ministry of Natural Resources, the People's Bank of China and the State Administration of Financial Supervision and Administration to introduce the situation of promoting the stable and healthy development of the real estate market and answer questions from reporters.
•In order to strengthen the management and protection of water resources and promote the conservation, intensive and safe use of water resources, the Ministry of Finance, the State Administration of Taxation and the Ministry of Water Resources issued the "Implementation Measures for the Pilot Reform of Water Resources Tax" on December 15, 2024, clarifying that the pilot project of replacing water resources with tax will be fully implemented from December 1, 2024.
•It was learned from the State Administration of Financial Supervision and Administration that the State Administration of Financial Supervision and the National Development and Reform Commission jointly held a video conference on the mobilization and deployment of the financing coordination mechanism for small and micro enterprises on the 15th, proposing to strengthen overall planning and organization and coordination, and pay close attention to establishing and improving the working mechanism.
•At the press conference of the State Council Information Office held on October 15, the Chinese Academy of Sciences, the China National Space Administration, and the China Manned Space Engineering Office jointly released the National Space Science Medium and Long-Term Development Plan (2024-2050), proposing a "three-step" strategic goal for the development of space science on the mainland. In 2027, the overall level of space science research will jump; In 2035, the key directions will be among the top in the world; By 2050, China will become an international leader in important fields and become a world space science power.
•At 19:06 on October 15, the mainland successfully launched the Qianfan Polar Orbit 02 group of satellites from the Taiyuan Satellite Launch Center using the Long March-6 carrier rocket, and the satellite successfully entered the predetermined orbit, and the launch mission was a complete success.
• On October 15, the 136th Canton Fair opened in Guangzhou. A large number of new enterprises, new products and new technologies have emerged at this Canton Fair, and a number of indicators of the exhibition have reached new highs. The total exhibition area of this year's Canton Fair reached 1.55 million square meters, and more than 30,000 enterprises participated in the exhibition, and the number of exhibitors reached a new high. 390,000 digital intelligent products and more than 1.04 million green and low-carbon products will be displayed on site, exceeding 300% and 130% respectively compared with the previous session.
•On October 15, the Ministry of Commerce held a special press conference to introduce the achievements of economic and trade cooperation between the mainland and the Nordic countries. According to the data, from January to August this year, the trade volume between the mainland and the five Nordic countries reached 35.44 billion US dollars, a year-on-year increase of 5.7%, and the scale of trade between the two sides continued to expand and the quality continued to improve.
•On the 15th, it was learned from the Ministry of Commerce that the 2024 China-Nordic Economic and Trade Cooperation Forum will be held in Wuhan, Hubei Province in the near future. This year's forum will focus on the development of new quality productivity according to local conditions, focus on new fields and new tracks such as green and low-carbon, digital economy, etc., and will hold more than 10 special activities such as the Green Shipping Development Forum, the New Energy Vehicle Industry Chain Matchmaking Meeting, and the Cross-border E-commerce Cooperation Forum.
•According to the China Mineral Resources Report (2024) compiled by the Ministry of Natural Resources, there will be 124 new mineral discoveries in mainland China in 2023, including 44 large-scale, 52 medium-sized and 28 small-scale.
•On October 15, the Housing Provident Fund Management Center of Panzhihua City, Sichuan Province issued the Notice on Further Adjusting and Optimizing the Policy on the Use of Housing Provident Fund. The document proposes to explore the implementation of intergenerational mutual assistance of the provident fund. Phased support for depositors to use the housing provident fund of their own and their spouse's parents, parents or children to pay for the purchase of the house when purchasing the family's first owner-occupied house in the place of deposit.
• According to the Henan Provincial Department of Agriculture and Rural Affairs, as of October 15, Henan Province has sown 98.15 million mu of autumn stubble, 64.9 million mu of land preparation, and 13.37 million mu of wheat has been sown, accounting for 15.7% of the estimated area.
【International News】
• United States New York Fed one-year inflation forecast for September was 3%, compared with 3% previously; Three-year inflation expectations come in at 2.7% versus 2.5% previously.
• United States San Francisco Federal Reserve Bank President Mary ·Daly said on the 15th that as long as the economic performance is in line with expectations, the Fed is still likely to cut interest rates further this year. The Fed will hold its next monetary policy meeting on November 6-7. The Fed is now widely expected to continue to cut interest rates by 25 basis points.
• Statistics Canada released a report on the 15th local time that the Canada Consumer Price Index (CPI) in September 2024 increased by 1.6% year-on-year, lower than the 2% increase in August. This is the smallest increase since February 2021. The report said that the decline in gasoline prices was the main reason for the decline in the headline inflation rate in September.
• The Ministry of Foreign Affairs of Iran summoned the ambassador of Hungary to Iran on the 15th to strongly protest the new round of EU sanctions against Iran.
New Zealand's global dairy trade price index fell 0.3% to 15 October, compared to a 1.2% increase in the previous reading (as of 1 October).
• Iceland President Thomas Dottir approved the dissolution of parliament on the 15th and announced that parliamentary elections will be held on November 30.
New Zealand CPI rose 0.6% QoQ in Q3 versus 0.7% expected and 0.4% previously. New Zealand's CPI rose 2.2% year-on-year in the third quarter, with an expected increase of 2.2% and a previous increase of 3.3%.
ASML reported net sales of €7.47 billion versus €7.17 billion in the fiscal third quarter, €2.63 billion versus €5.39 billion in the market and €28.0 billion versus €27.71 billion in the full-year net sales forecast.
【List of domestic and overseas markets】
【Announcement of Listed Companies】
【Economic Data and Dynamics (Beijing Time)】
Editor: Xing Lisha
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