1. Strengthen supervision to prevent "savage growth" of capital

 

In the reform of the capital market registration system, we should pay more attention to the standardized guidance of capital, strengthen the supervision of financing and M&A activities in specific fields, and simultaneously establish an accountability mechanism and system to prevent the "savage growth" and disorderly expansion of capital, so as to realize the synchronization of industry norms and industry development, and jointly promote the orderly and healthy development of all kinds of capital.

 

2. Make efforts on the core competitiveness of manufacturing industry

 

To promote the manufacturing industry to "seek progress while maintaining stability", we should strive to improve the stability and competitiveness of the industrial chain and supply chain. We will strengthen making breakthrough in key core technologies, accelerate the construction of key technology and product innovation ecosystems, deploy innovation and industrial chains, develop advanced manufacturing industries, and accelerate the development of high-end, intelligent and green manufacturing industries.

 

3. Strictly restrict "fake foreign investment" and promote real investment

 

China Securities Regulatory Commission (CSRC) has sought public opinions on the amendment of regulations on the stock trading connectivity mechanism between the Chinese mainland and Hong Kong, stressing that "qualified investors in the northbound legs of the HK-mainland stock link program do not include mainland investors" and to strictly supervise "fake foreign capital". This is not only the need to continuously improve the HK-mainland stock link programs on behalf of mainland investors, but also the necessary measure for the overall opening-up and security of the capital market.

 

 

1. The Ministry of Industry and Information Technology recently issued the “14th Five-Year Plan” to promote the development of small and medium-sized enterprises, which proposes to promote the formation of 1 million innovative small and medium-sized enterprises, 100,000 "specialized and innovative" small and medium-sized enterprises and 10,000 "little giant" enterprises , and cultivate 200 characteristic industrial clusters of small and medium-sized enterprises and 10 cooperation zones for local and foreign small and medium-sized enterprises by 2025.

 

2. The "14th Five-Year Plan" for vocational skills training recently issued by the Ministry of Human Resources and Social Security and other three departments proposed to vigorously improve the salary and allowance of skilled workers and promote highly skilled talents to be directly covered by household registration system in cities where they work.

 

 

1. According to the data of the National Bureau of Statistics, in November this year, the added value of high-tech and equipment manufacturing industries above designated size was increased by 15.1% and 5.5% respectively year-on-year, 0.4 and 0.8 percentage points faster than that of the previous month, driving industrial growth by 2.3 and 2.0 percentage points respectively.

 

2. According to the data of the Ministry of Finance, in the first 11 months of this year, the national general public budget revenue was RMB 19125.2 billion, a year-on-year increase of 12.8%, an increase of 6.9% over the same period in 2019 and achieved 96.8% of the total annual budget. The national general public budget expenditure was RMB 21392.4 billion, a year-on-year increase of 2.9%.

 

3. China's non-financial outbound direct investment (ODI) reached RMB 640.38 billion and the turnover of foreign contracted projects was RMB 856.47 billion in the first 11 months of the year, according to the Ministry of Commerce.

 

4. From January to November, RMB 3.28 trillion (USD 515 billion) was seen in fixed-asset investment in the transport sector, including RMB 640.1 billion in railways, RMB 2.53 trillion in freeways and waterways, and RMB 105 billion in civil aviation, according to the Ministry of Transport.

 

5. In the first 11 months of this year, central enterprises reported a total profit of RMB 2.3 trillion (USD 360 billion) and a net profit of RMB 1.75 trillion. The profit margin of operating revenue was increased by 1.1 percentage points year-on-year to 7.1%.

 

6. According to a report of CNIPA, by the end of 2020, there were 73,000 intellectual property service institutions in China, a year-on-year increase of 9.3%. There were about 865,000 employees in the intellectual property service industry, a year-on-year increase of 5.6%.

 

7. In the first 11 months of this year, the import and export value between mainland and Hong Kong exceeded RMB 2 trillion, of which the Shenzhen-Hong Kong Trade in goods reached RMB 634.07 billion, accounting for 30% of the import and export value between mainland and Hong Kong with a year-on-year increase of 17.6%.

 

8. The import and export volume of Guangdong province was RMB 7.47 trillion (USD 1.17 trillion) in the first 11 months of this year, surpassing RMB 7.09 trillion in 2020. The figure represented a year-on-year growth of 17.4 percent and accounted for 21.1% of the country's total foreign trade value.

 

9. The container throughput of Tianjin Port in Tianjin surpassed 20 million TEUs this year by Dec. 18, setting a new annual record for the port. With 133 container shipping lines in total, the port is now connected to more than 800 ports in more than 200 countries and regions around the world. 

 

10. By Dec. 17 this year, ports of Manzhouli and Suifenhe in northeast China have received 4,554 China-Europe freight train trips, and the number has exceeded the 4,500 mark for the first time in the year.

 

(Information Source: Economic Daily)