——Macroeconomics——
"National Housing Provident Fund 2019 Annual Report": More than 50 million people withdrew provident funds last year
Recently, housing and urban and rural construction The "National Housing Provident Fund 2019 Annual Report" jointly released by the Ministry of Finance, the Ministry of Finance, and the People's Bank of China shows that in 2019, the amount of housing provident fund deposits was 2.370967 billion yuan; the number of housing provident fund withdrawals throughout the year was 56.4856 million, and the withdrawal amount was 1.628178 billion yuan; 2.8604 million personal housing loans were issued, with an amount of 1.213906 billion yuan, and all businesses were operating smoothly.
The supply of land in first- and second-tier cities has increased, and real estate companies are more enthusiastic about "grabbing land"
On June 16, Hangzhou, Zhengzhou, Xuzhou and other places carried out land transfer activities on the same day, among which Hangzhou 5 parcels of land were sold on that day. In recent times, in order to restore the land market as soon as possible, first- and second-tier cities have generally increased land supply. Many cities have increased the proportion of high-quality land supply. (According to China Information Daily)
The first batch of special anti-epidemic government bonds worth 170 billion yuan can also be purchased by individuals
The Ministry of Finance announced on the official website today that in order to raise financial funds and coordinate the promotion of the epidemic For prevention and control and economic and social development, it was decided to issue 2020 anti-epidemic special treasury bonds (I, II, and III), with a total face value of competitive bidding of 170 billion yuan.
The first phase of the 2020 anti-epidemic special treasury bonds is a 5-year fixed-rate interest-bearing bond with a total face value of 50 billion yuan through competitive bidding; the second phase of the anti-epidemic special treasury bonds is a 7-year fixed-rate interest-bearing bond. The total face value of the competitive bidding is 50 billion yuan; the third phase of the anti-epidemic special government bonds is a 10-year fixed-rate interest-bearing bond, and the total face value of the competitive bidding is 70 billion yuan. There will be no additional bidding by Class A members in these three phases. The first and second phases will be tendered on June 18, 2020, and interest will be calculated on June 19, and will be listed and traded on June 23, with interest paid annually; the third phase will be tendered on June 23, 2020, and will begin on June 24 Interest-bearing, it will be listed for trading on June 30, and interest will be paid semi-annually. (According to People’s Daily)
——Financial Market——
Christians are happy! The rise and fall of GEM stocks can reach 20%, and the GEM themed funds are going to be popular
With the implementation of the GEM registration system, the rise and fall of GEM stocks will be enlarged to 20%, and the fluctuations of related funds will also expand accordingly. Many public fundraisers said that recently fund companies are re-evaluating the risk levels of relevant products, matching the rise and fall of net values, and at the same time, preparing to declare GEM themed funds. The new regulations will be beneficial to the activity of related products, and the GEM index is expected to continue to increase in liquidity and scale.
Judging from the fund raising application progress disclosed on the official website of the China Securities Regulatory Commission, since this year, 14 fund companies including China Merchants, Wells Fargo, China Asset Management and Harvest have applied for 21 GEM themed funds. Before the implementation of the GEM registration system, There is a phenomenon of accelerated declaration. Since May, 17 funds have newly declared, accounting for 80%.
Among the new funds reported, there are as many as 16 active equity funds, while there were only 6 GEM-related index funds that had previously been competing for various public offerings, making them a "minority". (According to China Fund News)
Group battle consumer loan! Many banks are grabbing high-quality customers at low prices. The lowest interest rate has reached 3.78
Recently, many banks are engaged in a team battle for consumer loans. Reporters from the Financial Associated Press recently learned that many large state-owned banks and joint-stock banks have joined this war and are using low prices to seize the market and high-quality customers.
Reporters from China Finance News visited various banks and found that interest rates on consumer loan products have continued to fall recently. Taking China Merchants Bank’s Flash Loan as an example, it offers an ultra-low interest rate of 3.78 for some high-quality customers. ICBC's e-financing loan interest rate has been falling again and again, and some city commercial banks have also given interest rates below 4, while the current general interest rate in the market is about 6. Not only that, many banks are promoting credit card installment plans in full swing, with 50% off handling fees and even interest-free and handling fee discounts continuing.
(According to the Financial Associated Press)
Institutions are hotly discussing the multiple benefits of the GEM registration-based reform and promoting the continuous optimization of the market ecology
Recently, the relevant system rules for the GEM reform and pilot registration system were officially released. This means that the reform of the GEM registration system has officially started. In the first two trading days of this week, the GEM Index led the gains of the three major indexes. As for what changes the GEM reform and pilot registration system will bring to institutional investment concepts and the A-share ecology, industry insiders pointed out that in the future, high-quality companies will enjoy double premiums in fundamentals and liquidity. The GEM reform and pilot registration system will promote A-shares. The market ecology is constantly optimized while providing investors with more high-quality targets. (According to China Securities Journal)
The Federal Reserve once again "talked": it greatly expanded the scope of bond purchases and suddenly increased its position in a single corporate bond
After entering the market to directly purchase corporate bond ETFs, the Federal Reserve Then enlarge the move.
In the early morning of the 16th, the Federal Reserve suddenly announced that it would follow a specially created decentralized corporate bond market index and plan to purchase individual U.S. corporate bonds through the Secondary Market Corporate Credit Facility (SMCCF).
The Federal Reserve stated that as a supplement to the purchase of corporate bond ETFs, this diversified corporate bond market index will be issued by all U.S. companies in the secondary market that meet the lowest rating, highest maturity and other standards in the SMCCF. composition. According to the guidelines, the Federal Reserve will purchase individual corporate bonds maturing within five years or less in the secondary market (mainly investment-grade corporate bonds, as well as some investment-grade corporate bonds whose credit ratings have been downgraded due to the epidemic), while ETF purchases Plans will continue. To this end, SMCCF received a capital injection of US$25 billion from the Ministry of Finance and has an investment capacity of US$250 billion based on a leverage scale of 10 times. (According to 21st Century Business Herald)