1. Better regulation to protect the rights of investors

 

Investors are the base of the capital market. Regulation on the prior use of the property belonging to violators in securities for civil compensation was released recently. According to this regulation, fines and confiscations can be used for civil compensation, which shows the priority of civil liability first applied in the field of securities, so as to protect the legal rights of investors. 

 

2. Stable recovery of market entities

 

Stable market entities will ensure the stability of economy and employment. At present, there is a momentum of stabilization on the part of market entities and we should grasp this opportunity of economic recovery. We need to coordinate epidemic control and socioeconomic development, and create a market-oriented, law-based and internationalized business environment. There is also the need to nurture market entities, and boost market vitality and social creativity, so as to shore up recovery fundamentals.

  

3. Promote stable employment

 

Employment is a vital issue in people’s livelihood. Its stability is attributed to the implementation of a package of measures, coordination of epidemic control and socioeconomic development, and a boost of confidence and vitality of market entities through the recovery of domestic investment and consumption. Moreover, efforts from all aspects have been made, providing more job opportunities for different groups.   

 

 

1. A notice to promote the development of photovoltaic industry chain and supply chain was released by the Ministry of Industry and Information Technology, the State Administration for Market Regulation and the National Energy Administration. According to this notice, measures from five aspects will be implemented, including optimizing industrial layout, encouraging innovation, enhancing systemic coordination and cooperation, balancing supply and demand, and improving publicity capacity.    

 

2. A joint action plan released by the Ministry of Industry and Information Technology and other six government departments proposed that by 2025, the sharing rate of newly-built 5G base stations will be no less than 80%. The power usage effectiveness (PUE) of newly-built data centers will be cut down to below 1.3, with the energy efficiency of 5G base stations up more than 20%.

 

 

1. According to the Ministry of Commerce, from January to July this year, the contract value of service outsourcing undertaken by Chinese enterprises was RMB 1,094 billion, and the executed value was RMB 735.1 billion, a year-on-year increase of 12.1% and 13.1% respectively.

 

2. According to the Ministry of Commerce, the decline in catering revenue has narrowed. The sector saw its revenues fall 1.5% year on year in July, narrowing by 2.5 percentage points from the previous month; the Chinese box office revenue increased by 8.6% year on year, achieving the first positive growth this year.

 

3. According to the Ministry of Industry and Information Technology, from January to July this year, China's software business revenue was RMB 5.456 trillion, a year-on-year increase of 10.3%.

 

4. According to the China Banking and Insurance Regulatory Commission, in the first half of this year, the original insurance premium of Chinese insurance companies stood at RMB 2.8 trillion, a year-on-year increase of 5.1%; indemnity and payment expenses came in at RMB 776.8 billion, up 3.1% on a yearly basis.

 

5. According to the data of the China Banking and Insurance Regulatory Commission, at the end of the second quarter of this year, local and foreign currency assets of Chinese banking financial institutions totaled RMB 367.7 trillion, a year-on-year increase of 9.4%. The total assets of insurance companies were RMB 26.6 trillion, an increase of 7.0% over the beginning of the year.

 

6. The number of China-Europe freight train trips in 2022 reached 10,000 on Aug. 21, 10 days earlier than last year. The trains have carried 972,000 twenty-foot equivalent units of goods this year, up 5% over a year ago.

 

7. According to China Geospatial Industry Development Report 2022 released recently, the total output of the industry amounted to RMB 752.4 billion in 2021, a year-on-year increase of 9.2%.

 

8. According to the State Administration for Market Regulation, as of the end of June this year, there were 161 million registered market entities in China, an increase of 4.4% from the end of 2021.

 

9. According to the State Post Bureau, in July this year, the business revenue of the postal industry reached RMB 113.42 billion, a year-on-year increase of 13.3%.

 

 

(Information Source: Economic Daily)