1.300 Billion New Reloans for SMEs
The executive meeting of the State Council has made arrangements to increase assistance to market players, especially small, medium and micro enterprises. Policy support will be increased for financing of small, medium and micro enterprises.
First, an additional 300 billion yuan of small re-loans will be issued within this year, mainly to small and micro enterprises. The second is to intensify the implementation of the inclusive small and micro credit loan support policy. The third is to strengthen cooperation between financial institutions and the government, and give full play to the role of local government financing guarantee agencies. The fourth is to innovate the supply chain financial service model to solve the difficulty of capital turnover caused by the occupation of accounts receivable by small, medium and micro enterprises.
2.BaoSteel and Saudi Aramco to Build Steel Plate Factory
The Paper (www.thepaper.cn) reporter learned from Baosteel Co., Ltd. (600019), a listed company under China Baowu, that on September 7, Baosteel Co., Ltd. and Aramco, the world’s largest oil production company, jointly signed a memorandum of understanding. The negotiation plans to cooperate in the construction of a world-class full-process heavy plate factory in Saudi Arabia, and reach an agreement on the feasibility study of the project and the work content that the two parties will jointly carry out in the future.
3.Express Delivery Companies Heavily Deploy Air Freight
YTO, SF Express, China Post and JD Logistics are all adding air cargo from their respective perspectives. Buying planes, building airports, and doing mergers and acquisitions have raised enough funds to deploy air cargo and start a contest for “air supremacy” among express companies. Through the bundling model of airline + airport construction, logistics companies have strengthened their competitiveness with airlines. The development of cross-border e-commerce has once again boosted the market demand for air cargo. The air cargo network has become an unavoidable link in the comprehensive transportation network of express companies.
4.The “Seed Industry Revitalization Action Plan” Will Be Issued Soon
According to the official website of the Ministry of Agriculture and Rural Affairs, on the 8th, Tang Renjian, director of the Central Agriculture Office, Party Secretary and Minister of the Ministry of Agriculture and Rural Affairs, published a signed article “Go All Out to Promote Seed Industry Revitalization”. The article revealed that the central government is about to issue the “Seed Industry Revitalization Action Plan”.
The “Action Plan for Seed Industry Revitalization” clarifies specific targets and tasks by species and stages, and proposes the implementation of five major actions such as protection and utilization of germplasm resources, innovation and research, enterprise support, base enhancement, and market purification. The agricultural and rural departments of all regions must step up Deployment implementation.
5.The CCP Makes Great Efforts to Stabilize Investment
According to news from China.com on September 8, the National Development and Reform Commission held a press conference on stabilizing investment and foreign investment. In decision-making and deployment, we will work hard with relevant parties to make up for shortcomings and stabilize investment, and promote stable growth of investment. The first is to focus on key areas to stabilize investment, the second is to make efforts to stabilize investment, the third is to strengthen capital security to stabilize investment, and the fourth is to stimulate market vitality to stabilize investment.
6.”New troubles” for Lending Institutions
Jingwei View App, September 8th, “Recently, many borrowers have requested to renegotiate the interest rate, and even borrowers who have already paid the loan request the refund of the portion above the 24% annual interest rate.” Responsible for a Beijing collection company Someone told the Jingwei View that the content of complaints received in the past month has been homogenized, which has caused great troubles to upstream lending institutions.
The Jingwei View saw on the third-party complaint platform that in the past month, a number of consumer finance companies and loan assistance companies have been complained by borrowers. The content of the complaint is for the refund of the portion exceeding 24% of the annual interest rate.
7.Silicon Material Price Rose over 217 RMB/kg
The Financial Associated Press, September 8th, today, the Silicon Industry Branch released the latest price information for polysilicon. This week, the latest monocrystalline re-injection material transaction price was 206,000 to 217,000 yuan/ton, with an average price of 219,300 yuan/ton, which was an increase from last week. 0.13 million yuan/ton; the transaction price range of single crystal dense materials was 204,000 to 215,000 yuan/ton, and the average price was 21,200 yuan/ton, which was an increase of 10,200 yuan/ton from last week; the transaction price range of single crystal cauliflower materials was 20.2- 212,000 yuan/ton, with an average price of 207,900 yuan/ton, an increase of 15 thousand yuan/ton from last week.
8.Rare Metal Indium Weekly Gains 40%
Wind data shows that as of September 6, domestic crude indium and refined indium quotations were 1,650 yuan/kg and 1,800 yuan/kg, up 38% and 36% from the same period last week respectively, and set a new high in more than three years.
A reporter from the Shanghai Securities News learned that the current demand is the main driving force of the rise in indium prices. About 70% of indium is used in the production of ITO target materials (used in the field of LCD screens and panels). In recent years, the consumption of indium for ITO targets has steadily increased, and some brokers predict that the consumption of indium for ITO targets will increase by 9.1% this year. In terms of application in emerging fields, in view of the battery efficiency advantages, heterojunction batteries using ITO targets as thin-film raw materials are expected to be promoted to a greater extent. The agency estimates that the consumption of indium metal per 1 GW of heterojunction batteries is about 3 to 4 tons. It will greatly boost indium demand.
【G Translators- Financial Team】