1.CCP Signed Cooperation Documents with Pakistani Prime Minister
On the morning of Feb. 4, He Lifeng, head of the National Development and Reform Commission, held video talks with Pakistani Prime Minister Imran Khan, who came to Communist China to attend the opening ceremony of the Beijing Winter Olympics, accompanied by Tang Dengjie and Ning Jizhe, deputy director. The two sides exchanged views on their respective domestic macroeconomic situation, China-Pakistan economic and trade relations, and the construction of the China-Pakistan Economic Corridor. At the video meeting, the two sides signed cooperation documents on industry and Gwadar port.
2.NDRC: $194.6 Billion Of Medium and Long-Term Foreign Debt Issued by Chinese Companies Abroad In 2021
The National Development and Reform Commission Foreign Investment Department recently issued a notice, said that in 2021, a total of 335 Chinese enterprises issued 592 medium and long-term bonds abroad, with a total amount of $ 194.6 billion, ranking the first place among the largest Asia (except Japan) G3 bonds issuers. According to open market statistics, the weighted average cost of overseas bonds for Chinese companies in 2021 was 3.09%, down by 67 basis points from the previous year. Among them, the weighted average cost for industrial enterprises was 2.43%, down by 17 basis points; the weighted average cost for information technology enterprises was 2.18%, down by 33 basis points.
3.PE Management Scale Reached 15.98 Trillion Yuan
The latest data from the China Fund Association shows that the scale of private equity management of securities and futures management institutions totaled 15.98 trillion yuan (excluding social security funds and enterprise annuities) as of the end of December 2021. By the end of December 2021, securities companies and their fund management subsidiaries managed an average of RMB 81.8 billion in private fund management business, with a median management scale of RMB 28.7 billion. Fund management companies managed an average of RMB 40.5 billion in private equity fund management business, with a median management scale of RMB 10.6 billion.
4.Average Box Office Ticket Price Hits a Record High During Spring Festival
In 2022, the average box office ticket price reached 55.2 yuan, a record high for years. According to Dengta data, the average ticket price for the Spring Festival season in 2021 was 48.88 yuan; the average ticket price in 2019 was 44.66 yuan, and in 2018, the average ticket price was 39.72 yuan. On the third day of the Lunar New Year (Feb. 3), the national box office was 980 million yuan, while in the same period of last year’s lunar calendar, it was 1.472 billion yuan, a drop of more than 30%. On the third day of this year, the total number of tickets sold was 18,465,200, while in last year, it was 29,329,900, a drop of 10,864,700 for a single day.
5.Shenzhen Second-Hand Housing Transactions Hit a Ten-Year Low, High Pass Rate on Land Auctions in Many Cities
Shenzhen Housing and Construction Bureau data show that there are 1,557 units of second-hand commercial residential transactions in Shenzhen in January, lower than 1,605 units in October 2021, a record low in the past ten years. The transaction amount is 147,300 square meters, a year-on-year plunge of 75.04%. According to information from the National Bureau of Statistics, Shenzhen’s second-hand house prices fell by 0.4%, the largest drop among first-tier cities, falling for eight consecutive months. According to the latest report released by Kerry Property Research Center, the land market continues to slump, the price premium rate hitting a new record low and the pass rate at a high level of 23% among the three rounds of concentrated land auctions in Shenzhen, Suzhou, Ningbo and Wuxi.
6.HKMA: HK Dollar Deposits Rose 1.4% Last Year and Loans Grew 3.8% in 2021
The Hong Kong Monetary Authority released monetary statistics for the year 2021 shows that the total deposits in Hong Kong in 2021 rose by 4.6% year-on-year, while Hong Kong dollar deposits rose by 1.4%; loans rose by 3.8%. In December 2021, the total local deposits rose by 0.4%; foreign currency deposits rose 1.5% while Hong Kong dollar deposits fell by 0.8%. For RMB deposits, total RMB deposits and certificates of deposit amounted to RMB944.7 billion at the end of last year. Hong Kong dollar money supply M2 and M3 both declined by 0.7% year-on-year in December, while seasonally adjusted M1 decreased by 1.7% in December, and increased by 5.4% year-on-year. Total money supply M2 and M3 both increased by 0.5% in December, and increased by 4.3% year-on-year.
7.Macau’s Golden Week Visitor Arrivals Higher Than Last Year but 93% Lower Than 2019
The first three days of the Chinese New Year holiday period saw 34,886 visitors arrive into Macau, a 14.6% improvement over the same period last year but still way down on pre-CCP-virus levels. According to figures published by the Public Security Police Force, the current daily average of 11,629 arrivals for the first three days of Golden Week is 10.2% lower than the average for the entirety of the Spring Festival Golden Week in 2021, although this year’s tally does not yet include the busier weekend period. Compared to the daily average for the entire seven-day holiday period in 2019, when 1.21 million visitors or 172,857 per day entered Macau, this year’s figure is still 93.3% down. It is also 68.8% lower than 2020’s figure of 261,100 or 37,300 visitors per day. Macau’s Gaming Inspection and Coordination Bureau this week reported gross gaming revenue of MOP$6.34 billion (US$793 million) in January, down by 20.9% year-on-year and 20.3% lower than December.
8.Coke Ties on Olympics Sponsorship in Communist China
Coca-Cola Co. has been an Olympics supporter for nearly a century. It counts China as its third-largest market after the U.S. and Mexico. Coke’s challenges heading into the Winter Games are in some ways representative of those of other Western sponsors, and in some ways distinct. Coca-Cola in 2019 struck a deal with China Mengniu Dairy Co. to share the designation of official nonalcoholic beverage sponsors of the Olympic Games through 2032. Chief Executive James Quincey hailed the marriage as a “profound partnership” as he stood beside the Chinese company’s CEO at a news conference in Switzerland. The Beijing Games kicking off Friday mark the first Olympiad in which the joint sponsorship takes effect. The 12-year pact links Coca-Cola to a Chinese business whose largest shareholder is a state-owned food giant. The deal cost the two companies more than $2 billion combined, including rights fees, marketing and other commitments, according to people familiar with the matter.
【G Translators- Financial Team】