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Domestic News
1. China Financial Times: Prudent investors favor savings treasury bonds
2. Jin Guanping, Economic Daily: Improve supply and expand service consumption space
3. Meituan released its financial report for the second quarter of 2024
4. The management and utilization of data resources are in their infancy
5. According to the report of China Communications Standards Association, the market scale of China's data industry is expanding
International News
1. Many states in the United States have reported 8 deaths from cases of listeria infection
2. Nvidia's revenue fell 8% after it was difficult to adjust the market
3. The Belgorod region of Russia announced the evacuation of residents of four villages on the border
4. United Kingdom expert: The conflict in Ukraine has reached a turning point
5. Reports say Israel agrees to a "humanitarian ceasefire" when children in Gaza are vaccinated against polio
Domestic News
1. China Financial Times: Prudent investors favor savings treasury bonds
Experts believe that because savings bonds are favored by a large number of investors because of the advantages of high security, stable returns, flexible cash realization, and low investment thresholds, and there is often a situation of "hard to find a debt" when they are issued. Du Yang, a researcher at the Bank of China Research Institute, believes that the reduction of the interest rate on savings bonds is mainly affected by two factors: on the one hand, from the perspective of market supply and demand, the current bond market is relatively active, and investors are enthusiastic about buying treasury bonds. On the other hand, the policy interest rate and the deposit interest rate have been lowered one after another, and the interest rate on government bonds has been adjusted "according to the market". "At present, the deposit interest rate is declining as a whole, and as long as the relative advantage of the interest rate of savings bonds remains unchanged, it is expected that the situation of the popularity of savings bonds will continue." Yang Haiping, a researcher at the Securities and Futures Research Institute of the Central University of Finance and Economics, said.
2. Jin Guanping, Economic Daily: Improve supply and expand service consumption space
Policy guidance should be strengthened to increase the supply of high-quality products. Through tax incentives, trade-in, the issuance of consumption vouchers and consumption subsidies, etc., to leverage consumer demand, service consumption as an important starting point for consumption expansion and upgrading. In the long run, the proportion of service consumption in China's household consumption structure has increased significantly, and there is still great potential to be tapped. Income is the foundation and key to consumption growth, and it is necessary to stabilize the expectations of the whole society for economic growth, especially the income expectations of residents. It is necessary to exert efforts in expanding employment, continuously improve the income distribution mechanism, and improve basic systems such as social security, so that people can consume, are willing to consume, and dare to consume.
3. Meituan released its financial report for the second quarter of 2024
According to the financial report, Meituan achieved revenue of 82.3 billion yuan in the quarter, a year-on-year increase of 21%; The adjusted net profit was 13.6 billion yuan, a year-on-year increase of 77.6%. During this quarter, Meituan Group Buying expanded to more products and service categories, and the GTV and order volume of leisure and entertainment products increased year-on-year. Meituan Flash Sale has partnered with more retail brick-and-mortar brands such as FMCG, clothes, liquor and beverages, and has once again achieved steady growth in the number of annual transaction users and the average annual transaction frequency. During the quarter, Meituan's annual active users and merchants reached a record high, with 6.2 billion instant delivery orders. The Company intends to repurchase Class B common shares of the Company in an aggregate amount not to exceed US$1 billion.
4. The management and utilization of data resources are in their infancy
Data resource management and utilization is in its infancy. The total amount of data production is large, but the effective supply is insufficient, and only 2.9% of the data was stored in 2023; The construction of data trading institutions accelerated, and the product turnover rate was 17.9%. The supply of data was difficult to meet the strong demand. It’s urgent to establish and improve a diversified circulation model. The implementation of data application scenarios is accelerating, and the value of data needs to be released. Among the sample enterprises, 96% of the enterprises have realized the scenario-based application of data, but only 8.3% have realized the value-added of data reuse.
5. According to the report of China Communications Standards Association, the market scale of China's data industry is expanding
According to a report by the China Communications Standards Association, the market size of China's data industry is expanding. In 2023, the size of China's database market has exceeded 52 billion yuan, and it is expected to reach 93.029 billion yuan by 2028. The Shanghai Data Exchange reported that the overall market size of China's data trading industry reached 87.68 billion yuan in 2022, accounting for 13.4% of the global market transaction scale and 66.5% of Asia's total, and the total scale is expected to exceed 500 billion yuan by 2030.
International News
1. Many states in the United States have reported 8 deaths from cases of listeria infection
The United States Centers for Disease Control and Prevention (CDC) said that there were 14 new cases of listeria infection and 5 deaths in many states in the United States recently. So far, there have been 57 cases of infection, all of which have required hospitalization, and the total death toll has reached eight. According to the CDC's website, listeria is a greater risk to pregnant women, people aged 65 and older, and people with weakened immune systems. Listeria monocytogenes can cause miscarriage in pregnant women, premature birth, or infection in newborns. For people aged 65 and older, as well as those with weakened immune systems, listeria usually leads to hospitalization and sometimes death.
2. Nvidia's revenue fell 8% after it was difficult to adjust the market
Nvidia (NVDA. O) reported lower revenue forecasts than the most optimistic market estimates, raising concerns that its explosive growth is waning. The company said on Wednesday that revenue for the fiscal third quarter would be around $32.5 billion. Although the average analyst estimate was $31.9 billion, the highest estimate was $37.9 billion. The company also said it was working to address the production hurdles of the highly anticipated next-generation Blackwell chip, which weighed on the company's shares in after-hours trading. The announcement comes after concerns about issues with Nvidia's Blackwell design. Nvidia acknowledged that there were problems with production and said it was making changes to increase its output. Meanwhile, the company said it expects the product to bring in "billions of dollars" in revenue in the fourth quarter. After the release of the earnings report, Nvidia's U.S. stocks rose first and then fell after hours, with the largest decline of 8%.
3. The Belgorod region of Russia announced the evacuation of residents of four villages on the border
Russia's Belgorod Governor Gladkov issued a video speech, saying that due to the tense local situation, it was decided to evacuate residents of four villages in Poloz and other nearby border areas, while restricting unrelated personnel from entering Vyazovye Village, and all schools in the area within 20 kilometers of the border will teach remotely. Gladkov stressed that the situation in the region remains tense, the situation of casualties continues, and the local government must take measures to protect the population.
4. United Kingdom expert: The conflict in Ukraine has reached a turning point
United Kingdom expert Alexander·Mercuris said that the conflict in Ukraine has reached a turning point, and the situation of the Ukraine armed forces will only deteriorate. "The conflict is now at a turning point, and we have now reached a point where the deterioration of the situation on the front, the economic situation and the general situation in Ukraine will accelerate, accumulate or aggravate, no matter what Ukraine is doing now," he noted. According to the expert, many in the West do not understand how bad the situation is with the Ukraine army in the zone of combat operations, especially in the Pokrovsk and Toretsk directions.
5. Reports say Israel agrees to a "humanitarian ceasefire" when children in Gaza are vaccinated against polio
Israel agreed to a "humanitarian ceasefire" when the Gaza Strip launched a polio (polio) vaccination operation. Gaza health authorities said earlier in the day that they had not received an official response to a seven-day ceasefire while vaccinating Gaza's children against polio. United Nations Secretary-General's spokesman Dijarric said on the 23rd local time that UN agencies have called for a temporary ceasefire in the Gaza Strip for seven days in order to vaccinate local children against polio. On the 25th, about 1.26 million doses of polio vaccine arrived in the Gaza Strip. Preparations are underway to vaccinate children in the Gaza Strip, the Gaza Strip Health Department stated.
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