BlackRock (BLK. N), which expanded its business in private-market assets and data last year with acquisitions worth more than $25 billion, has told its employees it will cut about 1 percent of its workforce. BlackRock president Rob Kapito and chief operating officer Rob Goldstein told employees in a memo on Wednesday that they plan to realign resources with strategy through layoffs and other measures. The company has more than 21,000 employees, meaning about 200 people will be affected.
Gold Ten Futures, December 27th, according to the announcement of the Shanghai Stock Exchange, from January 1, 2025 to December 31, 2025, the delivery fee of each variety will be temporarily exempted (including futures to spot and standard warehouse receipt transfer, etc., which are settled through the exchange and charged according to the delivery standard). The handling fee for standard warehouse receipts as margin will be charged at a preferential rate of 0.1% (annualized). The hedging transa...
On December 27, the visa fee reduction measures for Chinese embassies and consulates abroad will be extended until December 31, 2025. For details, please consult the local Chinese embassy and consulate.
On December 25th, today, the central bank continued to do 300 billion yuan MLF, win the bidding interest rate to maintain 2%, compared with the maturity of 1.45 trillion yuan, a significant reduction of 1.15 trillion yuan. Wang Qing, chief macro analyst at Oriental Jincheng, pointed out that the reduction operation is related to the early release of medium-term liquidity by the central bank in November and the recent easing of funds. Wang Qing expects that the RRR cut is still possible before th...
The General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the "Action Plan for Effectively Reducing Logistics Costs in the Whole Society".
According to the Wall Street Journal, Scott Bessant is prioritizing Trump's tax cuts.
The statement shows that AMD (AMD. O) will lay off about 4% of its global workforce.
On November 9th, the State Administration of Taxation released data on the 9th showing that in the first three quarters of this year, the main policies supporting the development of scientific and technological innovation and manufacturing were tax cuts and tax refunds of 2.0868 trillion yuan. Among them, R & D expenses plus deduction and other policies to support increased investment in science and technology, transfer of achievements and the introduction and training of scientific and technolo...
On November 1st, it was reported that the shareholding ratio and shareholding lock-up period requirements should be appropriately reduced. The original "Measures" stipulated that the proportion of shares of listed companies obtained by foreign investors in the first strategic investment of listed companies should be more than 10%, and the shares obtained shall not be transferred within three years. In this amendment, combined with the securities market regulatory rules, we will abolish the share...
1. The "large-scale" bond conversion plan may be announced next week. The market is expected to be between 3 trillion and 6 trillion yuan. 2. The People's Bank of China: As of the end of September, the custody balance of foreign institutions in China's bond market was 4.43 trillion yuan. 3. The Ministry of Finance issued 2 senior bonds with a total of 5 billion RMB, with coupon rates of 1.83% and 2.05% respectively. 4. One-click redemption of the bond base is still being staged. The share of the...
Gold Ten Futures October 29th news, soda ash main contract strong volatility, up nearly 2% in the day. SDIC Anxin Futures said that Tangshan Sanyou production reduction operation, coupled with the strong operation of glass, the strong trend of futures. Monday industry continued to accumulate, the current inventory accumulated to 1.663 million tons, downstream raw material inventory rose slightly to nearly 15 days. Haitian production reduction impact, weekly production fell slightly, but still ma...
On October 21, a Hong Kong-based Moutai distributor in North Point began to reduce prices. In 2022/2023, the 500ml Feitian Moutai will be reduced from the original price of 3280 Hong Kong dollars to 2380 Hong Kong dollars, and the price will be about 2166 yuan. The price is basically the same as or even lower than the retail price in mainland China. The distributor's website claims to be "the store with the most complete variety of Moutai liquor in Hong Kong." In addition to Feitian Moutai, the ...
The halving impact led to a decrease in fee income, and block subsidies became the main source of income for bitcoin miners. Of the $25.35 million miners earned per day on September 13, only $398,860 came from transaction fees, or just 1.6% of total revenue. This is a significant change from the previous period, when transaction fees topped out at more than 40% of miners' revenue. Analysts say that with block subsidies halved every four years, transaction fees will only grow in importance in cyb...
On September 7, the Grass Foundation issued a statement saying that it is fine-tuning the detection system to reduce false positives, which means that the amount of tokens displayed on the airdrop inspection page is not the final result.
On August 14th, the front-page commentary of the Securities Times pointed out that recently, the volatility of the bond market has increased significantly. After the regulatory authorities' next warning of risks, market institutions have also taken action to "reduce the fever and cool down" the hot bond market. Since August, bond funds have announced intensive purchase restrictions and "closed their doors to thank investors." Standing at the current point, it is particularly important for all pa...