7/28/2021 Financial News: Communist China’s Coal Supply Will Be Tight In Some Areas; SAMR Exposes The Behavior Of “Swiping Orders And Speculating Letters”

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1.Energy Demand Continued to Rise in The First Half of The Year

On July 28, the National Energy Administration held a press conference to introduce Communist China’s energy situation in the first half of the year. In the first half of this year, Communist China’s economy continued to recover steadily, and energy demand continued to rise. Entering the second quarter, the national energy consumption growth rate dropped slightly compared with the first quarter, but coal and electricity consumption both grew rapidly, and the new characteristics of “not weak in the off-season” were obvious. In the first half of the year, coal consumption increased by 10.7% year-on-year and 8.1% year-on-year. In the first half of the year, the natural gas market demand was strong, with a year-on-year growth of 21.2% and a year-on-year growth of 23.5%.

In the first half of the year, refined oil consumption continued to pick up, with a year-on-year increase of 15.7%. Among them, gasoline consumption increased by 22.3% year-on-year and 2.2% year-on-year, and has returned to the pre-epidemic level. Diesel demand remained stable, with a year-on-year increase of 2.7%.

2.New Pilot Scope for The Construction of New National And Regional Medical Centers

New pilot scope for the construction of new national and regional medical centers. On July 28, the Department of Social Development of the National Development and Reform Commission, the Medical Administration and Hospital Administration of the National Health Commission, and the Medical Administration of the State Administration of Traditional Chinese Medicine jointly issued the “Notice on Printing and Distributing the List of Exported Hospitals for the Construction of New National Regional Medical Centers”. The “Notice” pointed out that 12 new provinces will be added to the construction scope of the national regional medical center, and the list of 31 new export hospitals will be jointly announced.

According to the “Notice”, according to the relevant deployment arrangements, this year 12 provinces including Inner Mongolia, Jilin, Heilongjiang, Jiangxi, Guangxi, Hainan, Chongqing, Guizhou, Tibet, Gansu, Qinghai, Ningxia and the Xinjiang Production and Construction Corps will be included in the construction of national regional medical centers. The scope of coverage basically covers provinces with large exporters of patients and provinces with relatively weak medical resources; next year, the pilot scope will be expanded to cover all provinces and complete the national planning layout.

3.Coal Supply Will Further Increase In The Second Half Of The Year, Local Supply May Be Tight

The latest release of the China Coal Industry Association’s “Circular on the Operation of the Coal Economy in the First Half of 2021” shows that coal supply will further increase in the second half of the year, but there may still be tight supply in some areas. According to the report, looking forward to the coal market in the second half of the year, from the perspective of coal demand, factors such as the steady recovery of the macro economy, the peak of summer and winter coal consumption, and low coal stocks will drive coal demand growth. Factors such as increased output of renewable energy power generation and “dual control” of energy consumption will inhibit the growth of coal demand.

4.Sinopec’s Million-ton Ethylene Project Is About to Be Completed And Put Into Production In Hainan

On July 28, Sinopec’s Hainan company jointly released the “Sinopec’s Social Responsibility Report in Hainan” white paper for the first time. According to Jiemian News, Sinopec’s upcoming 1 million tons/year ethylene and refinery expansion project will be completed and put into production, which can drive more than 100 billion yuan of downstream industries and will become the “new engine” for the future economic development of Hainan Province.

5.In The First Half Of The Year, National Online Freight Companies Completed 28.343 Million Air Waybills, An Increase Of 46.6% From The Previous Month

According to the statistics of the Internet Freight Information Interaction System of the Ministry of Transport, as of June 30, 2021, there were 1,299 online freight companies (including branches) nationwide, integrating social scattered transportation capacity of 2.93 million vehicles, accounting for 26.4% of the total number of operating trucks in the country; The number of integrated drivers is 3.047 million, accounting for 20.2% of the total number of truck drivers in the country. In the first half of this year, 28.343 million waybills were completed, an increase of 46.6% from the previous month.

6.Capital Airport Group Co., Ltd. Was Formally Established

According to the Civil Aviation Administration of China, on July 27, the inaugural meeting of Capital Airport Group Co., Ltd. (restructuring) was held, marking the completion of the company’s restructuring of the largest airport management group in Communist China and a new stage of high-quality development. . The company officially obtained its business license on June 24, 2021, completed the registration of industrial and commercial information changes in accordance with the law, and increased its registered capital to 53.7 billion yuan. It is reported that since the establishment of the Capital Airport Group on December 28, 2002, its airports have accumulated 2.6 billion passengers, 40.61 million tons and 23.18 million sorties, including passenger throughput, cargo and mail throughput, and transportation. The group’s assets have grown from RMB 16.7 billion at the beginning of its establishment to RMB 213.4 billion, and the number of employees has increased from 6,500 to more than 54,000. It manages 53 airports in 7 provinces, municipalities, and autonomous regions, and has developed into the largest airport group in Communist China.

7.The Securities Regulatory Commission Approves The Qualifications Of Foreign-Funded Institutions For Securities And Fund Business 

According to the official website of the China Securities Regulatory Commission, the China Securities Regulatory Commission recently approved Goldman Sachs Gao Hua Securities Co., Ltd. to engage in alternative investment business through the acquisition of Beijing Gao Hua Shengze Investment Management Co., Ltd. (limited to participating in the Science and Technology Innovation Board and the Growth Enterprise Market). In addition, the China Securities Regulatory Commission approved Citibank (China) Co., Ltd.’s securities investment fund custody qualification in August 2020. The company also recently completed preparatory work and received a securities and futures business license in accordance with the law.

8.The State Administration of Market Supervision Exposes Another Batch Of Typical Cases Of “Swiping Orders And Speculating Letters”

On the 28th, the State Administration of Market Supervision announced the second batch of typical cases of unfair competition on the Internet for false propaganda this year: “Navy Forces” were hired in the live broadcast room to scan traffic, and false transactions were “Pat A and Send B” and “Send Blank Packages” to scan orders. Since the beginning of this year, the State Administration of Market Supervision has carried out special rectifications on anti-unfair competition law enforcement in key areas across the country. Judging from the exposed typical cases, the illegal acts of “scratching orders and speculating letters” have been increasingly renovated, deceiving and misleading consumers, and harming a fair competition market. order.

By【G Translators- Financial Team】
Author: 和理非

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