- China's 5-year LPR saw its largest decline in history, significantly reducing mortgage interest rates in Shenzhen. Meanwhile, the national futures market turnover increased by 4.93% year-on-year from January to February, despite a decrease in trading volume due to the Spring Festival holiday.
- March 4th Macroeconomic Index: China Strengthens Quality Development, Fed Signals Interest Rate CutsChina's State Administration for Market Regulation deploys quality development initiatives for enterprises, linkages, and counties. The Fed's Williams reiterates potential interest rate cuts later this year, while the U.S. EPA seeks a 'dual strategy' to reduce emissions.
- China's stock market fundraising decreased significantly in 2023, with the Shanghai and Shenzhen stock exchanges raising 437.5 billion yuan less than the previous year. Alibaba Cloud announced a 20% price cut across its services, benefiting millions of users. Domestic tourist spending surged by 140.3%, reaching 4,913.3 billion yuan. The National Bureau of Statistics added new questionnaires to better track economic changes in sectors like new energy vehicles.
- In January, China added 14 new IPOs, raising over 11.8 billion yuan. The Guangdong Provincial Party Committee held a meeting to focus on increasing economic efficiency, promoting consumption, and reducing costs. Meanwhile, international news includes Turkey suspending shipping in the Bosphorus Strait due to heavy fog, Japan discharging Fukushima nuclear contaminated water, a volcanic eruption in Mexico, and Brazil imposing anti-dumping duties on Chinese gloves.
- Beijing introduces rent supervision measures for the first time, requiring housing leasing enterprises to deposit excess rent into a third-party account. Meanwhile, Hong Kong launches Cross-border WMC version 2.0 to enhance investment options and connectivity in the Greater Bay Area.
- China's property market saw a significant month-on-month increase, with residential land transactions rising nearly 60%. Meanwhile, Germany's export confidence improved in February, though only a few sectors expect growth. Belarus held parliamentary elections, and South Korea plans to enhance corporate value to address stock undervaluation.
- Zhejiang plans to cultivate 100 leading private enterprises by 2025, while CNOOC announces significant new oil and gas reserves in the Bohai Sea exceeding 40 million cubic meters. Internationally, Saudi Arabia's Jafurah oilfield discovers additional 15 trillion cubic feet of natural gas, and Nvidia identifies Huawei as its biggest competitor.
- The Ministry of Commerce plans to hold a round table meeting for foreign-invested enterprises on February 28 to discuss the implementation of policies aimed at optimizing the foreign investment environment and attracting more foreign investment. Shenzhen also aims to standardize the management of charging and swapping facilities for new energy vehicles, while European stock markets hit a two-year record high.
- Ctrip's Q4 2023 financial report shows a 7% YoY increase in international OTA platform bookings. US chip stocks saw a broad rise, driven by Nvidia's strong performance. The Fed is likely to hold interest rates steady in March, with a 93.5% probability of no action.
- Shanghai initiates a 1.558 billion yuan special loan for urban village transformation, while GF receives a $1.5 billion subsidy from the U.S. government to expand semiconductor production. Other key news includes Shanghai's 'Silk Road E-commerce' plan, increased copyright registrations, and reforms in state-owned enterprises.
- During the Spring Festival, Shanghai saw a 110% increase in passenger traffic compared to 2019. UK property prices rose annually for the first time since August last year. Meanwhile, wind power generation in the EU surpassed natural gas for the first time.
- The European Union's wind power generation has surpassed natural gas for the first time, meeting France's entire electricity needs. Meanwhile, China has built over 3.37 million 5G base stations, with 805 million 5G mobile phone users, marking significant advancements in both regions' technological and energy sectors.
- During the Spring Festival, the operating volume of wide-body aircraft at Sanya and Haikou Airports reached a record high, with Sanya Airport handling an average of 136 wide-body aircraft daily. Meanwhile, the ultra-long holiday has ignited a tourism boom, and tourism consumption is expected to maintain an upward trend in 2024.
- China's State Administration of Financial Supervision and Administration will enhance urban real estate financing, while the US military illegally stationed in Syria continues to steal oil and grain using 160 vehicles. The Sino-US Economic Working Group held its third meeting, and a report shows that China remains a key investment destination for US companies.
- Shenzhen Airport reported record-high passenger numbers and flights during the Spring Festival, while China's first batch of 'white lists' for real estate projects was released. Additionally, the Interim Regulations on the Administration of Carbon Emission Trading will take effect on May 1, 2024.