1.Trade Surplus Hit a Record High of USD 676.43 Billion in 2021
A press release from the CCP General Administration of Customs shows that China’s annual imports and exports to the U.S. are 4.88 trillion yuan, up by 20.2% year-on-year. In RMB terms, the total value of China’s imports and exports in 2021 are 39.1 trillion yuan, up by 21.4% from 2020. Of these, exports are 21.73 trillion yuan, up by 21.2%, and imports are 17.37 trillion yuan, up by 21.5%. The trade surplus hit USD 676.43 billion in 2021. China’s exports in December 2021 reached a record high of USD 340.5 billion while the imports are USD 246.04 billion, the second highest on record, peaking at USD 253.814 billion the previous month, up by 19.5% year-over-year.
2.1.15 Trillion Yuan Government Bonds Scheduled Issuance in Q1 2022
Henan Province issued 38.201 billion yuan of new special-purpose bonds on January 13, becoming the first province in China to issue local bonds in 2022. Hubei Province is to issue 18.4 billion yuan of local government general bonds on January 14. This year’s new local bond issuance time schedule is significantly earlier than last year, as first local government bond of the previous year issued in March 2021. According to the data disclosed by the local finance department, as of January 13, there are 20 provinces, autonomous regions and municipalities, such as Beijing, Guangxi, Heilongjiang, announced the local government bond issuance plan, with about 428.55 billion yuan of local bonds planned to be issued in January, and about 1.15 trillion yuan planned to be issued in the first quarter of 2022.
3.Shenzhen to Build 890,000 Units of Public Housing and 650,000 Units of Welfare-Oriented Housing
According to the Shenzhen Daily News on 14 Jan, the Shenzhen Municipal Housing and Construction Bureau, the Municipal Development and Reform Commission in the Municipal Housing and Construction Bureau released the “Shenzhen housing development” fourteen five “plan on its official website. The Plan specifies that during the 14th Five-Year Plan, Shenzhen will supply no less than 15 square kilometers of residential land to build 890,000 units of public housing, and to distribute 650,000 units of welfare-oriented House.
4. Hkex Statistics Show Record Turnover of Shanghai-Shenzhen-Hong Kong Stock Exchange In 2021
In 2021, the total turnover of the Hong Kong stock market is HKD 41.1 trillion, compared with HKD 32.1 trillion in 2020, an increase of 28.2%, a new record high. The total turnover of Shanghai and Shenzhen Stock Connect in 2021 is RMB 27.6 trillion, an increase of 31% compared to the total turnover of RMB 21.1 trillion in 2020 for Shanghai and Shenzhen Stock Connect. The turnover of Hong Kong Stock Connect in 2021 is RMB 9.3 trillion, an increase of 70% compared to the turnover of RMB 5.5 trillion in 2020 for Hong Kong Stock Connect. The share of HKEx turnover in the total turnover of Hong Kong stocks continues to grow by 13.7%, up 3% year-on-year.
5.Xu Rongmao Has Pledged 20.79% of Shimao’s Shares
Shimao (600823.HK) announced on January 13, that Xu Rongmao, the beneficial owner, through his second largest shareholder, Tibet Shimao Enterprise Development Co. (“Shimao Enterprise”) and Shanghai Shimao Investment Management Company Limited (“Shimao Investment”) pledged their Shimao shares. Shimao Enterprise pledged 149,902,560,000 shares to Everbright Xinglong Trust Company Limited; Shimao Investment pledged 70 million shares to Capital Bank (China) Co., and both for purpose of business operation.
As of January 13, 2022, Shimao Enterprise held a total of 704,216,530,000 shares of the Company, of which 449,925,640,000 shares have been pledged, accounting for 63.18% of its shareholding and 11.86% of the total share capital of the Company. Shimao Investment held a total of 39,238,342,000 shares of the Company, of which 335,000 shares have been pledged; the total number of shares held by Shimao Investment was 39,923,8342,000, of which 33,500,000 shares were pledged, accounting for 83.91% of its shareholding and 8.93% of the total share capital of the Company.
6.Citigroup Establishes Clearing and Settlement Services with Beijing Stock Exchange
Citigroup said Friday it has set up clearing and settlement services for the new Beijing Stock Exchange and National Equities Exchange and Quotations. The move enables Citigroup to support qualified foreign institutional investors (QFII) trading on the two stock markets, Citigroup said in a statement. QFII system allows overseas investors to access China’s onshore markets. According to the statement, Citi China has established a clearing and settlement pathway with the China Securities Depository and Clearing Corporation (CSDCC).
7.China Cinda Scraps Investment into Ant’s Consumer Finance Unit
China Cinda Asset Management (1359.HK) said on Thursday it plans to scrap an agreement to buy a 20% stake in the consumer finance arm of Ant Group, worth 6 billion yuan. The investment would have increased Cinda’s interest in Chongqing Ant Consumer Finance Co Ltd, making the asset manager its second-biggest investor. Cinda effectively owns a 15% stake in the Ant-affiliated firm through Nanyang Commercial Bank Ltd, a Cinda subsidiary. China Cinda closed down by 9.9% in early trading on Friday, after falling 12.5% heavily at one point during the session. Alibaba’s U.S. shares closed down by 4.4% overnight, while Hong Kong shares closed down by 3.8% in early trading.
8. Japan Canon Shutting Down Zhuhai Camera Factory
Canon, the international camera brand giant, announced on the 12th that its 32-year-old Zhuhai plant will be terminated operation and a compensation plan will be proposed for its employees due to the rapid shrinkage of the global camera market in recent years and the unprecedented difficulties in the company’s operation due to the prolonged ravages of the CCP virus. In addition to Zhuhai, Canon has set up companies in Dalian, Liaoning, Suzhou, Jiangsu, Zhongshan, Guangdong and Taiwan.
【G Translators- Financial Team】
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