On December 12th, according to CCTV news broadcast, from December 11th to 12th, the Central Economic Work Conference was held in Beijing. The meeting said in the deployment of next year's fiscal policy, to implement a more active fiscal policy, increase the fiscal deficit rate, increase the issuance of ultra-long-term special government bonds, increase the issuance and use of local government special project bonds, optimize the structure of fiscal expenditure, and firmly grasp the bottom line of...
December 12th news, Beijing in the China Bond Information Network disclosed documents show that it intends to issue 4.70 billion yuan of refinancing special project bonds to replace the stock of hidden debt, of which 3-year, 7-year, 10-year refinancing special project bonds were issued 800 million yuan, 2.725 billion yuan, 1.175 billion yuan. It is worth mentioning that since November 12th, all regions of the country have disclosed that they plan to issue or have issued refinancing special proje...
Ziyan Food issued a clarification announcement. In response to the relevant public opinion of its products, the company has organized a special project working group to conduct a comprehensive verification. After review and investigation, the factory inspection report of the corresponding batch of products released in the video is qualified. The company has entrusted a number of authoritative third-party testing agencies to conduct microbial testing on the products, and the relevant test results...
On December 1st, Ministry of National Defense Spokesperson Zhang Xiaogang answered a reporter's question on the China-Russia joint air strategic cruise. Reporter: Recently, the Chinese and Russian militaries held a joint air strategic cruise. Some media said that this operation may exacerbate regional tensions. What is the spokesperson's comment? Zhang Xiaogang: From November 29th to 30th, the Chinese and Russian air forces went to the relevant airspace of the Sea of Japan and the western Pacifi...
On November 14th, according to official news, Orderly Network, a liquidity infrastructure project, announced that it has integrated the Chainlink price-feeding service on the Arbitrum mainnet to provide data support for its ORDER tokens. It is reported that after the completion of this integration, Orderly Network can seamlessly access the required market data to build a secure market trading environment for ORDER tokens. Currently, Beefy Finance, Jones DAO and Silo Finance have taken the lead i...
1. This year, the new special project bonds were basically issued, and a total of 2 trillion yuan of special project bond funds could be arranged for use in various places during the year. 2. High-interest city investment bonds returned, with a coupon rate of 6.7%. 910 billion city investment bonds are about to mature during the year. 3. This year, rural commercial banks issued two permanent bonds over 47 billion, and some small banks' financing costs exceeded those of enterprises. 4. ROI rose s...
Investor Naval wrote on X: Most crypto projects fail because the founding team gets rich too early and you can't recruit new members. In response, Muliticoin founder Kyle commented that yes, the best founders are not entirely financially driven. It is reported that Naval is a well-known angel investor in Silicon Valley, having invested in well-known technology companies such as Twitter and Uber. He is also a successful entrepreneur who founded the equity crowdfunding platform AngelList.
On October 25th, the Ministry of Finance answered reporters' questions on the fiscal revenue and expenditure of the first three quarters. As of October 20th, a total of 3.63 trillion yuan of special project bonds were issued in various places, accounting for 93% of the annual quota, and more than 30,000 supported projects. According to statistics, the amount to be issued plus the unused funds that have been issued, a total of 2 trillion special project bond funds can be arranged for use in vario...
On October 12, Vice Minister of Finance Liao Min said at a press conference of the State Information Office that the Ministry of Finance and relevant departments are working together to promote the balance of supply and demand in the real estate market. In the next step, the Ministry of Finance will actively study and introduce incremental measures conducive to the stable development of real estate, allowing special project bonds to be used for land reserves, mainly considering that there is cur...
On October 12, Vice Minister of Finance Liao Min said at the press conference of the State Information Office that in the next step, the Ministry of Finance will actively study and introduce incremental measures that are conducive to the stable development of real estate and support the acquisition of stock housing. Increase the supply of affordable housing. Considering that there are relatively many houses that have been built for sale. Two main support measures are taken: one is to use special...
On October 12, Vice Minister of Finance Wang Dongwei said at the press conference of the State Council Information Office that since 2020, our country has arranged a total of 18.70 trillion yuan of new special project bonds. The new special project debt limit will be 3.90 trillion in 2024, which is the largest ever. As of the end of September, new special project bonds will be issued in various places for 3.60 trillion yuan, accounting for 92.5% of the annual quota. The next step will be to stud...
On October 12, Vice Minister of Finance Liao Min said that in the next step, the Ministry of Finance will actively study and introduce incremental measures that are conducive to the stable development of real estate, support the acquisition of stock housing, and increase the supply of affordable housing. Considering the relatively large number of houses currently built for sale, two main support measures are taken: one is to use special project bonds to acquire stock commercial housing and use i...
On October 12, Vice Minister of Finance Wang Dongwei said at a press conference of the State Information Office on October 12 that since 2020, a total of 18.70 trillion yuan of new special project debt has been arranged to support about 130,000 government investment projects; in 2024, special project debt 3.90 trillion yuan will be arranged, which is the largest in history. On the one hand, focus on better play the driving role of government investment, conscientiously organize the distribution ...
On October 11, Zheng Zhajie, director of the National Development and Reform Commission, wrote in the People's Daily that we should do a good job in investment management and project construction. Firmly implement the strategy of expanding domestic demand, and accelerate the "two-fold" construction and "two-new" work. Give full play to the key role of investment, make good use of policy tools such as investment within the central budget, super-long-term special government bonds, and local govern...
ZK cross-chain infrastructure project Ola has announced the end of three seasons of activity for its node verification network Massive in the testnet phase. As of the third season, the Ola Massive network had a total of more than 250,000 validators participating. The project is reviewing the snapshot results to determine the eligibility of the upcoming airdrop before the TGE.