[Titanium Media Comprehensive] The "Several Measures on Accelerating the Improvement of the Fertility Support Policy System and Promoting the Construction of a Fertility-Friendly Society" recently issued by the General Office of the State Council was released on October 28, 2024, and proposed a series of fertility support measures from four aspects:
The first is to strengthen reproductive service support. Strengthen the protection function of maternity insurance , and guide qualified places to include flexible employment personnel, migrant workers, and people with new employment forms who participate in employee basic medical insurance into maternity insurance. Improve the maternity leave system and ensure that maternity leave, maternity reward leave, paternity leave, childcare leave and other maternity leaves stipulated in laws and regulations are implemented in place. Establish a maternity subsidy system , guide local governments in coordinating policies, and actively and steadily implement them. Strengthen reproductive health services and guide localities to include appropriate labor analgesia and assisted reproductive technology projects in the scope of medical insurance reimbursement.
The second is to strengthen the construction of child care service system. Improve the level of children's medical services , and promptly include eligible children's medicines in the scope of medical insurance reimbursement according to procedures. Increase the supply of inclusive childcare services , give priority to achieving full coverage of comprehensive childcare service centers at the municipal level, vigorously develop community-based embedded childcare, actively support the development of various models such as employer-run childcare and family childcare centers, and vigorously develop childcare All in one service. Improve inclusive childcare support policies and encourage qualified localities to provide appropriate operating subsidies to inclusive childcare institutions based on actual conditions. Promote child development and protection .
The third is to strengthen support measures such as education, housing, and employment. We will expand the supply of high-quality educational resources , support primary and secondary schools in actively developing after-school services and social practice projects, and encourage localities to introduce specific implementation measures for girls to attend co-education with multiple children. We will strengthen housing support policies and encourage places where conditions permit to increase support for families with multiple children purchasing homes. Strengthen the protection of employees' rights and interests , encourage employers to adopt flexible commuting and working from home methods based on actual conditions, and create a family-friendly working environment.
The fourth is to create a fertility-friendly social atmosphere. Actively build a new culture of marriage and childbearing , and vigorously advocate a positive outlook on marriage, love, childbirth, and family. Strengthen social publicity and advocacy , and implement special actions for publicity and education on high-quality population development. Strengthen education on population, national conditions and national policies , and integrate relevant content into primary, secondary, and undergraduate education.
"Several Measures" requires that all regions and relevant departments should effectively improve their political stance, enhance their sense of responsibility and mission for doing a good job in population work in the new era, refine and optimize specific measures, and implement the responsibilities of the government, employers, individuals, etc. , to ensure that various policies, measures and tasks for childbearing support are implemented and achieve effective results.
Competition in China's Internet industry has tended to ease, and platforms have moved toward cooperation, which will help increase the monetization rate, thereby driving revenue growth and profit margins. The current price-to-earnings growth rate (PEG) of China's Internet industry is about 1.1 times, which is at the historical average. However, if factors such as the implementation of China's economic stimulus policies and the easing of competition are taken into account, it is believed that the Internet sector is still undervalued and there is still room for upside. PEG An increase to 1.3 times is a more reasonable expectation.
——Fang Jincong, Head of China Internet Research at UBS Investment Bank
Generative AI is driving changes at four levels: terminal, software, cloud and human-computer interface. On the terminal, large model capabilities will drive PCs and Phones to evolve in the direction of AI PCs and AI Phones; on the software side, all software will be re-implemented through large models, evolving from Software with AI to AI Native Software; at the cloud level, all clouds All need to have the ability to train and infer large models, and AI Native Cloud will become the mainstream; the mainstream interaction method of human-computer interface will change from keyboard, mouse, and touch screen to natural language conversation interface (LUI).
——Zhao Bin, founder and CEO of Shengwang
According to news on October 28, according to Gaohe Automobile’s disclosure, on October 25, 2024, the Yancheng Economic Development Zone Court decided to merge and pre-reorganize 52 companies including Human Horizons Jiangsu Company, and designated the Shanghai branch of JunHe Law Firm. He served as the interim manager during the pre-merger and reorganization period for 52 companies including Chinese Horizon Jiangsu Company.
Cainiao fully integrates into JD.com platform to provide e-commerce express delivery and supply chain servicesAccording to news on October 28, after JD Logistics connected to Taobao and Tmall, Cainiao also fully connected to the JD platform. It was learned from Cainiao that recently, the systems of both Cainiao and JD.com platforms have been basically connected. Cainiao's self-operated express delivery - Cainiao Express, Cainiao Large Home Decoration Supply Chain, etc. are all included in the list of connections, which can provide global express delivery and global supply chain services to merchants and consumers on the JD platform. It is reported that after Cainiao is connected, JD users can use the door-to-door delivery, half-day delivery, next-day delivery and 2-hour door-to-door pickup services provided by Cainiao Express in the future. It is expected that starting from November, with the in-depth integration of Cainiao's supply chain, JD users will also be able to use Cainiao's services such as precise reservations, integrated delivery and installation, and pick-up and delivery of new items for home appliances and other large-ticket logistics.
ByteDance plans to set up an AI R&D center in Europe and has begun recruiting technical talents in areas such as large modelsAccording to news on October 28, ByteDance is preparing to set up an AI R&D center in Europe and has begun actively recruiting top technical talents in the fields of LLM (Large Language Model) and AI in Europe to strengthen its presence in the world's second largest economy. The body’s artificial intelligence research and development capabilities. We asked ByteDance about this matter, but there was no response as of press time. (The Paper)
Huawei Mate 70 series parts have begun to be supplied, and the first batch of stockings has increased by 30%On October 28, according to supply chain news, Huawei Mate 70 series components have begun to be supplied starting in September. A core supplier of Huawei mobile phones said that internal information is that it will be launched in November. The initial stocking volume of Huawei's Mate 70 series is at least one-third more than that of the Mate 60 series. The Huawei Mate 70 series will use a centered 3D facial recognition quad-curved screen with a screen resolution of 1.5K and a rear-centered elliptical lens. The Mate 70 Extraordinary Master will use an octagonal lens design. (Quick Technology)
Xiaomi Wang Teng revealed: Xiaomi 15 Pro is priced at over 5,000 yuanAccording to news on October 28, the Xiaomi 15 series and Xiaomi ThePaper OS2 new product launch conference has been scheduled to be held at 19:00 on October 29. At present, various new products have begun to warm up. Wang Teng, deputy general manager of the marketing department of Xiaomi China and general manager of the Redmi brand, bluntly stated in the Weibo comment area on October 26 that "Xiaomi 15 Pro is 5K+", which means that the price of Xiaomi 15 Pro mobile phone is expected to exceed 5,000 yuan. . Lei Jun, founder, chairman and CEO of Xiaomi, issued an article yesterday saying that the Xiaomi Mi 15 series "really needs to increase in price" and also said that "we can guarantee that even if the price increases, Xiaomi Mi 15 will still be worth the money."
According to news on October 28, Meta is developing a search engine that can crawl the web and provide users using Meta AI chatbot with conversational answers about current events. The company is trying to keep up with OpenAI in artificial intelligence development. Meta hopes that doing so will reduce its reliance on Google Search and Microsoft's Bing, two search engines that currently offer applications that use Meta AI, according to a person who spoke to the search engine team. Users provide news, sports and stock information. It could also give Meta a backup option if Google or Microsoft exits those arrangements, according to a person involved in the strategy.
Apple smart phone officially launched and new iMac released at the same timeApple announced on October 28 that Apple Intelligence was officially launched on iPhone, iPad and Mac. At the same time, Apple released a new iMac equipped with an M4 chip and Apple Intelligence. The new iMac starts at $1,299 and is equipped with 16GB of memory. It will be available on November 8.
Volkswagen is reported to be preparing a 4 billion euro cost reduction plan, including salary cuts and closing some German factoriesOn October 28, relevant reports quoted people familiar with the matter as saying that Volkswagen’s board of directors has formulated a plan to seek to reduce costs of approximately 4 billion euros for its underperforming passenger car brand. It is reported that the proposals include a 10% salary cut for all employees and a suspension of wage increases in 2025 and 2026, as well as plans to close some German factories.
Apple may launch home smart display in 2025According to news on October 28, Apple’s home smart display may be launched as early as 2025. The device will be equipped with a square display and is equivalent to the size of two iPhones placed side by side. The display will be placed on a circular base similar to the iMac G4, with integrated speakers and other electronics. The device is intended to serve as a smart home hub.
Boeing launches $19 billion stock issuance plan to meet liquidity needs and prevent rating downgradeAccording to news on October 28, Boeing has launched a stock issuance plan of nearly US$19 billion, one of the largest in history, to meet liquidity needs and prevent its credit rating from being downgraded to junk status. Boeing will issue 90 million common shares and depositary shares worth about $5 billion, according to an announcement on Monday, confirming an earlier report by Bloomberg News. Based on Friday's closing price of $155.01, the total size of the common stock portion alone is close to $14 billion.
Intel announces expansion of Intel Chengdu packaging and testing baseAccording to news on October 28, Intel announced the expansion of Intel Chengdu packaging and testing base. On the basis of the existing client product packaging and testing, we will also provide packaging and testing services for server chips and set up a customer solution center. Relevant planning and construction work has already started.
McDonald's in the U.S. says beef patties are not the source of E. coli contamination and will resume removing products from shelvesAccording to news on October 28, McDonald's in the United States said on the 27th local time that after testing, the beef patties in the burgers were not the source of E. coli contamination. McDonald's will resume selling burger products that were temporarily removed from the shelves next week due to E. coli contamination. However, The burgers that are back on sale will not contain raw onion slices, which are currently considered a source of contamination. It is understood that the U.S. Food and Drug Administration believes that raw onion slices from a single supplier may be the source of E. coli contamination, and McDonald's has confirmed that Taylor Farms, a produce company headquartered in California, is the supplier of the onion slices involved. The tablets come from a factory in Colorado Springs, Colorado. Taylor Farms said on the 25th that it has voluntarily recalled yellow onions sent to customers from its Colorado factory and is continuing to cooperate with the U.S. Centers for Disease Control and Prevention and the U.S. Food and Drug Administration to investigate.
BlackRock’s Bitcoin holdings exceed 400,000, attracting market attention and being questionedAccording to news on October 28, BlackRock’s recent acquisition of Bitcoin has set a new record. The company currently holds more than 400,000 Bitcoins, worth nearly US$26.98 billion. In the past two weeks alone, BlackRock has purchased an additional 34,085 Bitcoins, worth approximately $2.3 billion. The surge in Bitcoin holdings is consistent with the growing trend of institutional investors investing through Bitcoin ETFs, which are increasingly becoming the preferred way for traditional financial companies to invest in Bitcoin. Now, however, BlackRock’s rapidly growing number of Bitcoin holdings has raised some questions about the company’s potential impact on the Bitcoin ecosystem. Speculation has swirled as to whether BlackRock might try to fork the Bitcoin blockchain in the future to create a version that better aligns with its interests. While many consider it impossible or even a conspiracy theory, the sheer size of BlackRock’s Bitcoin holdings does spark debate about the impact of Bitcoin’s decentralized ethos.
According to news on October 28, we learned from the Joint Procurement Office of High-Value Medical Consumables organized by the state that centralized procurement of cochlear implant consumables will be carried out. According to the notice, the confirmation of cochlear implant and peripheral vascular stent medical consumable products and filling in the supply area will be carried out from today. The scope of registered products includes cochlear implant-related consumables: cochlear implant medical consumables that have obtained the Medical Device Registration Certificate of the People's Republic of China, including implants, speech processors, etc. Peripheral vascular stents related consumables: peripheral vascular stents (excluding thoracic aortic stents and abdominal aortic stents) medical consumables that have obtained the medical device registration certificate of the People's Republic of China. (CCTV News)
The National Data Administration launches the construction of key contact demonstration scenariosAccording to news on October 28, we learned from the National Data Administration that at the deployment meeting for the development and utilization of public data resources held that day, the National Data Administration announced the launch of the construction task of the "National Data Administration Key Contact Demonstration Scenario". According to the relevant person in charge of the National Data Administration, from now until the end of 2025, the National Data Administration will work with relevant industry authorities to guide local data authorities, vigorously promote supply and demand docking, ministry-provincial coordination, and release a batch of key data applications every quarter. Demonstration scenarios, cultivate and form a group of application results that are accessible to enterprises and the public, and create a group of development and utilization models that can be replicated and promoted. At the meeting, 14 departments including the State Administration of Science, Technology and Industry for National Defense, the National Medical Insurance Administration, the Ministry of Culture and Tourism, as well as Anhui, Guangdong and other places launched the construction of "Coordinated Civil and Commercial Satellite Data to Help Disaster Prevention and Mitigation" and "Innovative Medical Security' Payment+" The first batch of 18 demonstration scenarios including "underwriting + supervision", "convenience of entry into tourist attractions and passenger flow monitoring" and "data-driven low-altitude economic multi-field creation scenario creation" were officially released.
The financial regulatory authorities have initially considered ways to replenish core tier one capital for other domestic systemically important banks.According to news on October 28, while it is clear to use the issuance of special government bonds to raise funds to replenish the core tier one capital of the six major banks, how other domestic systemically important banks can replenish the core tier 1 capital has also become an important topic for the financial management department to consider. At present, the financial management department has initially considered the way in which other domestic systemically important banks can replenish core tier one capital. The general direction is to adhere to the principles of marketization and rule of law, and ultimately realize a long-term mechanism for market-oriented capital replenishment. As of now, the Central Bank and the State Administration of Financial Supervision have not released the list of my country's systemically important banks in 2024. (21 Finance)
China Financial Forty Forum’s 2024 Third Quarter Macro Policy Report: It is recommended to continue to implement “strong interest rate cuts”According to news on October 28, the China Financial Forty Forum released the macro policy report for the third quarter of 2024. The report believes that macroeconomic policies have entered a more positive state, and the intensity of policy implementation is a key factor affecting whether macroeconomic recovery can be accelerated in the next few quarters. The report recommends that, on the one hand, maintain the intensity of broad fiscal expenditures, moderately increase the fiscal deficit ratio in 2025, and launch a local implicit debt replacement plan of sufficient scale; on the other hand, continue to implement "strong interest rate cuts" and lower the real interest rate level, And timely reduce the interest rates of structural monetary policy tools below the policy interest rate level. In addition, the report believes that to stabilize the real estate industry, it is necessary to alleviate the cash flow pressure currently faced by real estate companies. It is recommended to optimize the supervision system of advance funds and increase the disposable cash flow of real estate companies. Adopt a more proactive "one enterprise, one policy" approach to establish a standardized and effective judicial settlement process as soon as possible. (CSI Taurus)
Six departments carry out gradient cultivation actions for smart factories in 2024According to news on October 28, the General Office of the Ministry of Industry and Information Technology, the General Office of the National Development and Reform Commission, the General Office of the Ministry of Finance, the General Office of the State-owned Assets Supervision and Administration Commission of the State Council, the General Office of the State Administration for Market Regulation, and the Comprehensive Department of the National Data Administration released plans to launch smart factories in 2024. Notification of gradient cultivation actions. According to the "Smart Factory Gradient Cultivation Action Implementation Plan" and "Smart Factory Gradient Cultivation Elements and Conditions", smart factory gradient cultivation is carried out at four levels: basic level, advanced level, excellence level and pilot level. Among them: (1) Encourage manufacturing enterprises to formulate smart factory construction and improvement plans with reference to the results of the smart manufacturing capability maturity assessment, and conduct self-construction and self-evaluation based on the elements and conditions of basic-level smart factories. (2) The provincial industry and information technology authorities will work with relevant departments to formulate local and relevant central enterprises to formulate smart factory cultivation plans and support measures for the group, organize the review and identification of advanced smart factories, and recommend qualified companies to apply for excellence. Smart factory. (3) The Ministry of Industry and Information Technology, in conjunction with the National Development and Reform Commission, the Ministry of Finance, the State-owned Assets Supervision and Administration Commission of the State Council, the State Administration for Market Regulation, and the National Data Administration, jointly organize the cultivation of outstanding smart factories. (4) Encourage willing and qualified excellent-level smart factories to actively apply for pilot-level smart factories. The local or affiliated central enterprises will recommend them to the Ministry of Industry and Information Technology and other departments, and carry out construction work under the guidance of the National Intelligent Manufacturing Expert Committee.
Beijing: Encourage qualified insurance companies in Beijing to set up elderly care service institutionsAccording to news on October 28, the Beijing Supervision Bureau of the State Administration of Financial Supervision and Administration recently jointly issued the "On Promoting the Promotion of Beijing Financial Services Committee", the Beijing Municipal Civil Affairs Bureau, the Beijing Branch of the People's Bank of China, the Beijing Supervision Bureau of the China Securities Regulatory Commission and other departments. Guiding Opinions on the High-Quality Development of Municipal Pension Finance.” Encourage qualified and experienced insurance companies in Beijing to set up elderly care service institutions, or use idle rural resources to build off-site health care communities. It is necessary to enrich the third pillar financial products such as personal pension products, exclusive commercial pension insurance, pension financial products, and commercial pensions of pension insurance companies. Support and encourage the development of income replacement funds targeted at retirees. Explore the development of special needs trusts with the purpose of providing elderly care and providing services such as elderly care consumption and medical payment. Focusing on key groups such as “elderly people” and “families supporting the disabled”, we develop pension financial products and provide pension financial planning, fund management, risk protection and other services.
Guangdong: All localities should study and designate key business district locations and a list of key merchants based on market demand, and encourage the acceptance of overseas bank cards.According to news on October 28, the General Office of the People's Government of Guangdong Province issued the "Measures for Further Optimizing Payment Services and Improving Payment Convenience in Guangdong Province." It pointed out that all localities should focus on key scenarios such as "food, housing, transportation, tourism, shopping, entertainment, and medical care" and based on market demand, study and delineate key business district places and key merchant lists, and encourage the acceptance of overseas bank cards. Organize banking financial institutions (hereinafter referred to as banks) and non-bank payment institutions (hereinafter referred to as payment institutions) to create and dynamically update the list of key merchants, and formulate promotion plans by category to accelerate the transformation of software and hardware of overseas bank card acceptance equipment , effectively improving the overseas bank card acceptance coverage. For newly installed bank card acceptance terminals (POS machines) in key areas, guide leading banks and payment institutions to expand merchants to support domestic and foreign bank cards and other payment methods.
Beijing: Advance the layout of future technological frontier fields such as 6G, future networks, brain-inspired intelligence, and quantum computingAccording to news on October 28, Beijing issued opinions on promoting the high-quality development of digital finance. It proposes to support digital technology R&D and innovation. Give full play to the advantages of Beijing's scientific and technological resources, support enterprises in carrying out technology selection and application integration based on actual financial needs, and increase forward-looking and strategic research on financial applications of key software and hardware technologies. Support enterprises to achieve new breakthroughs in key underlying technology fields such as big data, blockchain, and artificial intelligence, and advance the layout of future technological frontiers such as 6G, future networks, brain-inspired intelligence, and quantum computing. Financial institutions are encouraged to establish cooperation mechanisms with scientific research institutions and technology-based enterprises to jointly carry out research on basic theories, technologies and application scenarios of digital finance. Adhere to the principle of independent control of key technologies, support financial institutions and technology-based enterprises in the rational application of open source technologies in accordance with laws and regulations, promote technological innovation, and reduce corporate costs.
Zhengzhou is building a capital of micro-short drama creation, striving to have the city’s micro-short drama market reach 10 billion yuan in 2027According to news on October 28, the Zhengzhou Municipal People’s Government Office issued opinions on Zhengzhou City’s policies to accelerate the high-quality development of the online micro-short drama industry. Zhengzhou will focus on cultivating the construction of headquarters economy, support the micro-short drama industry to become bigger and stronger, continuously stimulate market vitality, promote the high-quality, diversified and standardized development of micro-short dramas, and strive to build Zhengzhou into the most popular city by 2027. Influential "City of Micro-Short Drama Creation" in China. At the same time, support the development zone management committees and district, county (city) governments in building and cultivating a number of radio, television and online audio-visual industrial development bases (parks) in the field of micro-short dramas, providing a one-stop shop for the development of the micro-short drama industry services, the overall strength and competitiveness of the micro-short drama industry will be significantly enhanced, and the city's micro-short drama market will reach 10 billion yuan by 2027.
According to news on October 28, the Hong Kong Exchange announced that it will launch the Hong Kong Exchange Virtual Asset Index Series on November 15, 2024 to provide a reliable benchmark price for virtual assets, a rapidly emerging asset class, and support Hong Kong’s development into Asia’s leading Digital Asset Center. This index series will provide a transparent and reliable benchmark for the pricing of Bitcoin and Ethereum in the Asian time zone, and is committed to providing a unified reference price for virtual assets and solving the price differences between such assets on global exchanges. Further details on the design and calculation methodology of the index series will be announced in due course.
The scale of the CSI A500 Index Fund has exceeded 70 billion, and may become the fastest to complete a 100-billion-scale broad-based index.According to news on October 28, the CSI A500 Index may become the fastest to complete a 100-billion-level broad-based index. As of now, the total scale of the first batch of 10 listed CSI A500 ETFs exceeds 45 billion yuan, and the scale of the 20 OTC index funds currently being issued has also exceeded 25 billion. So far, a total of more than 70 billion funds have been gathered in CSI A500 index. Judging from the current newly launched funds, Taikang CSI A500 ETF Feeder Fund and Bosera CSI A500 Index Fund have successively announced early closing of fundraising, with initial fundraising scales exceeding 5 billion and 3 billion. Judging from the reporting of relevant products, since October 16 alone, 48 CSI A500 OTC Index, Enhanced Index and other products have been reported, and 28 are currently awaiting regulatory approval.
The daily trading level of the ChiNext has reached a new high, with the average weekly trading volume in the past 1 week reaching nearly 670 billion.According to news on October 28, market expectations have been significantly boosted, and GEM transactions continue to reach new highs. We learned from the Shenzhen Stock Exchange that since September 25, the trading volume of the two cities has exceeded 1 trillion for 17 consecutive trading days. Among them, the GEM market is favored by funds due to its high elasticity in the rebound market. Wind data shows that since October, the average daily turnover of the GEM has been 647.595 billion yuan, of which the turnover on October 8 and 9 exceeded 900 billion yuan, a record high. Specifically, in the past week (20241017~20241023), the average daily turnover of the GEM Index was 669.272 billion yuan, ranking among the top three among the major broad-based indexes, and the average daily turnover rate of 4.59 led the major broad-based indexes. (Financial Associated Press)
Yinsai Group: Plans to acquire 80% equity of Zhizhe Brand, a company listed on the New Third Board, and the stock will resume trading on the 29thAccording to news on October 28, Yinsai Group announced that the company plans to purchase the total shares held by Liu Yan, Ningbo Youzhi Youth Investment Management Partnership (Limited Partnership), Huang Mingsheng, Han Yanyan, and Yu Qian by issuing shares and paying cash. 80% stake in Wise Brand. The subject company focuses on providing public relations services to clients in the automotive, technology consumer goods, cloud computing, Internet and other industries. Previously, Wise Brand applied to the National Small and Medium-sized Enterprise Share Transfer System Co., Ltd. to suspend the company's stock trading due to the planned equity transfer involving the controlling shareholder's planned equity transfer involving changes in control. According to the regulations of the Shenzhen Stock Exchange, the company's shares will resume trading on October 29, 2024.
Dawn Shares: Plans to issue shares and pay cash to acquire Dawn Titanium, stocks suspendedAccording to news on October 28, Dawn Shares announced that the company is planning to purchase the controlling stake of Shandong Dawn Titanium Industry Co., Ltd. and raise supporting funds through the issuance of shares and payment of cash. Since the valuation and pricing of the target company have not yet been finalized, this transaction may constitute a major asset reorganization stipulated in the "Administrative Measures for Major Asset Reorganization of Listed Companies". Upon the company's application, the company's stocks and convertible bonds will be suspended from trading on October 29, 2024 (Tuesday), and the trading suspension is expected to last no more than 10 trading days.
Zhongjuxin: Shareholder inquiry and transfer initially determined price is 6.88 yuan/shareAccording to news on October 28, Zhongjuxin announced that based on the inquiry and purchase situation on October 28, 2024, the preliminary transfer price for this inquiry is 6.88 yuan/share. A total of 22 institutional investors participated in this inquiry and transfer quotation, and the total number of valid subscription shares was 42.62 million shares, corresponding to an effective subscription multiple of approximately 1.6 times. The shares to be transferred in this inquiry transfer have been fully subscribed. There are 12 transferees initially determined, and the total number of shares to be transferred is 26,136,299 shares. The final result of this inquiry transfer shall be subject to the final processing result of China Securities Depository and Clearing Co., Ltd. Shanghai Branch.
News on October 28, according to the latest statistics from the China Gold Association: In the first three quarters of 2024, national gold consumption was 741.732 tons, a decrease of 11.18% compared with the same period in 2023. Among them: 400.038 tons of gold jewelry, a year-on-year decrease of 27.53%; 282.721 tons of gold bars and gold coins, a year-on-year increase of 27.14%; 58.973 tons of industrial and other gold, a year-on-year decrease of 2.78%. In the first three quarters, gold prices have been rising, and gold jewelry consumption has been significantly affected. The rapid development of new e-commerce models such as live streaming and instant retail has driven the growth of small-gram gold jewelry consumption. In the third quarter, gold prices continued to fluctuate at high levels and expectations of increases increased, and physical gold consumption fell back. However, overall, the consumption of gold bars and gold coins with relatively low premiums in the first three quarters was still able to maintain a substantial growth.
The actual transaction volume of second-hand houses in Beijing in October has exceeded 20,000 units, which will reach the highest level in the same period since 2017According to news on October 28, nearly a month after the implementation of Beijing’s property market optimization policy, the second-hand housing market has picked up and accelerated. It has been confirmed from multiple brokerage agencies and industry associations that as of the 26th, the actual transaction volume of second-hand housing in Beijing in October has exceeded 20,000 units. Due to the lag in online signing, as of October 26, the number of second-hand houses signed online in Beijing has reached 13,000. Industry insiders generally predict that the total number of online signings in October will exceed 17,000 units, setting a new high for 19 consecutive months; actual transactions are expected to exceed the 25,000 unit mark, becoming the highest level in the same period in eight years since 2017. However, the industry also reminds that, unlike previous expectations that a substantial increase in trading volume would trigger price increases, judging from current market feedback, a rebound in trading volume has led to more price stabilization, and an overall rise has not yet occurred.