Asian business investment consultant breakfast FM/0825 will suspend the import of Japanese aquatic products from August 24

01/ Morning introduction of Asian business investment consultants

1. The China Securities Regulatory Commission held a symposium for institutional investors to guide more medium and long-term funds into the market
2. General Administration of Customs: The import of Japanese aquatic products will be completely suspended from August 24
3. Ministry of Finance: Strengthen the implementation of fiscal and taxation support policies to promote the high-quality development of small and medium-sized enterprises

02/ News Breakfast of Asia Business Investment Consultant

// Spotlight //

1. The China Securities Regulatory Commission held a symposium for the principals of the National Council for Social Security Fund and some large-scale banking and insurance institutions. The meeting analyzed the current capital market situation and conducted in-depth exchanges on jointly guiding more medium and long-term funds into the market and promoting the construction of a modern capital market with Chinese characteristics. discuss.

1. The General Administration of Customs will completely suspend the import of Japanese aquatic products from August 24. In order to comprehensively prevent the risk of radioactive contamination of food safety caused by the discharge of Fukushima nuclear contaminated water into the sea, protect the health of Chinese consumers, and ensure the safety of imported food, according to relevant regulations, the General Administration of Customs has decided to start from August 24, 2023 (inclusive) The import of aquatic products (including edible aquatic animals) originating in Japan is completely suspended.

1. The Ministry of Finance issued a notice on strengthening the implementation of fiscal and taxation support policies to promote the high-quality development of small and medium-sized enterprises. The notice mentioned that the tax and fee reduction policy should be fully realized in a timely manner. On the basis of conscientiously implementing the inclusive tax and fee reduction policy, comprehensively implement the precise tax and fee preferential policies for small and micro enterprises, and do not weaken the policy for any reason, ensure that the tax and fee reductions that should be reduced are in place, and continue to exert various The policy effectiveness of tax incentives has added vitality and momentum to the development of small and micro enterprises.

1. CITIC Securities, China Securities, Guotai Junan, Caida Securities, Haitong Securities, and Huatai Securities have successively announced that they will reduce trading commissions from August 28. The reporter learned from some brokerages that they will actively explore the potential for brokerage commission fee reduction in the future, and form a joint force with policies such as the reduction of handling fees to better benefit investors.

1. The U.S. State Department recently said it was seeking a short-term six-month extension of the U.S.-China Science and Technology Cooperation Agreement in order to negotiate with the Chinese government and "strengthen" the agreement. As one of the first batch of intergovernmental agreements signed after the establishment of diplomatic relations between China and the United States in 1979, the "Sino-US Science and Technology Cooperation Agreement" has always been regarded as an important symbol of scientific and technological cooperation between the two countries. If the agreement can be renewed, it will send a strong signal that the two countries can put aside their disputes and work together.

// Global Market //

1. The three major U.S. stock indexes closed down across the board. The Dow fell 1.08% to 34099.42 points, the S&P 500 fell 1.35% to 4376.31 points, and the Nasdaq fell 1.87% to 13463.97 points. Boeing fell 4.94%, and Walgreens Boots fell 4.6%, leading the Dow. Wind US TAMAMA Technology Index fell 2.16%, Tesla fell 2.88%, and Amazon fell 2.72%. Chinese concept stocks were mixed, with Copper Road up 22.16% and Lufax Holdings down 8%.

1. European stocks closed mixed. The German DAX index fell 0.68% to 15621.49 points, the French CAC40 index fell 0.44% to 7214.46 points, and the British FTSE 100 index rose 0.18% to 7333.63 points.

1. International oil prices closed mixed, with the U.S. oil October contract down 0.01% to $78.88 per barrel. The October Brent oil contract rose 0.02 percent to $83.23 a barrel.

// Macro //

1. Premier Li Qiang of the State Council visited Guangdong from August 22 to 24. Li Qiang pointed out that it is necessary to vigorously promote technological innovation and accelerate the digital transformation of the manufacturing industry. We must unswervingly deepen reform and opening up, implement more leading reforms in stimulating the vitality of various business entities, accelerate the construction of a unified national market, and create a first-class business environment. Vigorously attract and utilize foreign capital and take more creative measures to further enhance the vitality of development.

1. The 15th meeting of BRICS leaders held a special press conference, announcing the expansion of BRICS. Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates were invited to join the BRICS cooperation mechanism.

1. The spokesperson of the Ministry of Commerce responded to the question of what topics China and the United States will discuss during the visit of the US Secretary of Commerce to China. Shu Jueting, spokesperson of the Ministry of Commerce, said, "At the invitation of Minister Wang Wentao, US Secretary of Commerce Raimondo will visit China from August 27 to 30. China will express its position to the US side on economic and trade issues of concern, and at the same time looks forward to working with the US side. Conduct in-depth discussions on resolving economic and trade differences and promoting practical cooperation."

1. In disregard of strong doubts and opposition from the international community, the Japanese government unilaterally launched the discharge of contaminated water from the Fukushima nuclear accident into the sea. China firmly opposes and strongly condemns this, and has lodged solemn representations with the Japanese side, demanding that the Japanese side stop this wrongful act. . The Chinese government has always upheld the supremacy of the people and will take all necessary measures to safeguard food safety and the health of the Chinese people.

1. At present, our Ministry is organizing the monitoring of marine radiation environment in sea areas under our jurisdiction in 2023 in accordance with the idea of ​​monitoring key areas, covering sea areas under jurisdiction, and mastering key channels. In the future, our Ministry will continue to strengthen relevant monitoring work, track and judge the possible impact of Fukushima nuclear polluted water discharge on China's marine radiation environment in a timely manner, and effectively safeguard China's national interests and people's health.

1. Recently, Shanghai introduced a new round of employment-promoting policies for college graduates and other young people, including expanding the scope of one-time employment subsidies for employers to recruit college graduates, and launching the implementation of a campaign to help unemployed college graduates and unemployed youth find employment, etc. It will be ensured that by the end of the year, the assisted employment rate of the 2023 unemployed graduates will not be lower than 90%.

// Industry //

1. The three departments issued the "Action to Improve the Level of Environmental Infrastructure Construction (2023-2025)". Among them, it is proposed that by 2025, the treatment and disposal capacity and level of environmental infrastructure will be significantly improved, the new sewage treatment capacity will be 12 million cubic meters per day, the sewage collection pipe network will be newly added and renovated by 45,000 kilometers, and the production of recycled water will be newly built, rebuilt and expanded. The capacity is not less than 10 million cubic meters per day; the national domestic waste classification collection and transportation capacity reaches more than 700,000 tons per day, and the national urban domestic waste incineration treatment capacity reaches more than 800,000 tons per day.

1. From January to July, the prices of major non-ferrous metals decreased year-on-year. Among them, the average spot prices of copper, aluminum, zinc, nickel, and battery-grade lithium carbonate were 68,212 yuan/ton, 18,462 yuan/ton, 21,855 yuan/ton, and 190,000 yuan/ton, respectively. tons, 322,000 yuan/ton, a year-on-year decrease of 2.4%, 11.7%, 14.6%, 8%, and 29.4% respectively.

1. As of the end of July this year, 47,000 kilometers of rural road safety and life protection projects have been implemented across the country, and 4,033 dangerous bridges on rural roads have been renovated. The Ministry of Transport plans to implement 50,000 kilometers of rural road safety and life protection projects and rebuild 5,000 dangerous bridges throughout the year.

1. The price of silicon wafers continued to rise this week. The average transaction price of M10 monocrystalline silicon wafers (182mm/150μm) increased to 3.36 yuan/piece, a week-on-week increase of 6.67%. The main reason for the increase in silicon wafer prices this week was that first-tier companies raised their quotations, and other companies followed suit. As of this week Most battery companies accept current prices. In terms of supply, the structural supply of P-type M10 monocrystalline silicon wafers is tight, while other sizes of silicon wafers are tightly balanced. On the demand side, battery companies maintain full production, and component prices may be brewing.

1. According to the survey, the overall market discount rate of passenger cars in mid-August was about 18.0%, which was the same as that at the end of July, and the terminal discounts continued. Retail sales of leading manufacturers accounting for more than 80% of the retail sales target at the beginning of the month increased by about 5.0% from the previous month, a slight decrease from the same period last year. It is preliminarily estimated that the passenger car retail market in the narrow sense this month is about 1.85 million units, 4.7% month-on-month and -1.3% year-on-year. New energy retail sales were about 700,000 vehicles, representing a quarter-on-quarter ratio of 9.2%, a year-on-year increase of 31.5%, and a penetration rate of approximately 37.8%.

1. As a new productivity in the era of digital economy, computing power not only provides support for the transformation and upgrading of traditional industries, but also generates new economic growth points. The integration of computing power into traditional manufacturing and participation in the production process can provide strong support for the intelligent transformation and digital transformation of enterprises. The integration of computing power into emerging industries has promoted the development of new formats, new models, and new applications, and has become an important driving force for the growth of emerging industries.

1. The reporter's investigation found that the low-sodium salt and non-iodized salt of many fresh food e-commerce platforms are currently "out of stock" and "replenishment". Wang Xiaoqing, executive director of the China Salt Industry Association, said that our country has strict food safety regulations, and the domestic salt production can meet the demand, so it is not recommended to follow the practice of Korean people hoarding salt. In the production of edible salt in my country, the raw materials used are sea salt, well mine salt, and lake salt, and their composition ratios are 22%, 61%, and 17% respectively.

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Reference materials: Financial Associated Press, Wind Information

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