On March 16th, the Central Office and the State Office issued the "Action Plan for special projects to boost consumption". The plan proposes to strengthen credit support. Encourage Financial Institution Groups to increase the investment of personal consumption loans under the premise of controllable risks, and reasonably set the amount, term and interest rate of consumer loans. Support Financial Institution Groups to optimize the repayment methods of personal consumption loans in accordance with...
January 22nd news, data show that in the first two weeks of January, the interbank certificate of deposit issued 163.83 billion yuan and 448.96 billion yuan, respectively, to achieve net financing of 119.29 billion yuan and 65.17 billion yuan; last week, the scale of interbank certificate of deposit issuance reached 495 billion yuan, and the net financing amount also reached 163.88 billion yuan, a significant increase over the same period in previous years. It is worth noting that there is "no s...
On December 29th, since the beginning of this year, the policy adjustment has not been small. How much room is there in the future? "After the implementation of the RRR cut policy, the average deposit reserve ratio of the banking industry is about 6.6%. Compared with the central banks of major economies in the world, there is still some room for this level." Pan Gongsheng, governor of the People's Bank of China, said. Referring to the next policy considerations, Pan Gongsheng said: "Increase the...
On November 24th, the article pointed out that at present, the work of guaranteed housing is being vigorously advanced, and the market expectations are positive changes. It is expected that by the end of this year, the amount of loan approval for "whitelist" projects is expected to exceed 4 trillion yuan. One of the key links in the work of guaranteed housing is to solve the financing problem of project construction. Since the beginning of this year, under the guidance of the Ministry of Housing...
Highlighting its efforts to uphold market integrity and protect investors, the SEC recently announced a record level of enforcement in fiscal year 2024. "A total of 583 enforcement actions were filed in fiscal year 2024, along with $8.20 billion in financial remedies, the highest amount in SEC history," the agency said. Enforcement actions initiated by the SEC increased by 14% compared to 2023. SEC Chairperson Gary Gensler told the Enforcement Department...
On October 12, Minister of Finance Lan Foan said at the press conference of the State Council Information Office on October 12 that on the basis of accelerating the implementation of the identified policies, the Ministry of Finance will launch a package of targeted incremental policy measures in the near future, focusing on stabilizing growth, expanding domestic demand, and reducing risks.
National Hurricane Center: Hurricane Milton has returned to Category 5 intensity, and Florida residents should prepare their homes and shelters and evacuate if required.
On September 15, it was reported that "Bebika" has now reached the typhoon level, and the convection in the core area of the typhoon is developing vigorously. Coupled with the high sea temperature environment, the intensity will continue to increase, and it may reach the peak of intensity before landing. According to the latest path forecast, the probability of landing in Shanghai is increasing. The strongest typhoon to land in Shanghai since 1949 is the 1949 No. 6 typhoon Gloria, 40 meters per ...
Money markets upped their bets on the Federal Reserve easing far more than policymakers expected. Soon after, they also upped their bets that the European Central Bank would follow the Fed's lead in cutting interest rates. Traders now see a 60 per cent chance of a 50 basis point cut by the ECB in September, having fully digested expectations that the Fed will cut rates by 50 basis points in September. Meanwhile, the chances of a 25 basis point cut by the Bank of England are rising. These bets ar...
Intensity Labs, developer of the DeFi protocol Shogun, raised $6.90 million in a seed round. Polychain Capital and DAO5 co-led the round, with Arrington Capital, Maelstrom, Arthur Hayes' family office, and Build-a-Bera participating, Intensity Labs said. Angel investors including Cobie, Ansem, Ser Shokunin, and Meltem Demirors also participated in the round.
DeFi协议Shogun的开发商Intensity Labs在种子轮融资中筹集了690万美元。Intensity Labs表示,Polychain Capital和DAO5共同领投此轮融资,Arrington Capital、Arthur Hayes的家族办公室Maelstrom和Build-a-Bera参与其中。Cobie、Ansem、Ser Shokunin和Meltem Demirors等天使投资人也参与了本轮融资。