"Weekly News" EU's investment in China increased by 123.7%;

time:2022-12-09 07:13:50source:chakarski.com author:Technology stocks
"Weekly News" EU's investment in China increased by 123.7%;

On Friday, we take a look back at the big financial events happening this week. National Bureau of Statistics report: In the past ten years, my country's GDP has increased by 6.6% annually. The report released by the National Bureau of Statistics recently showed that from 2013 to 2021, my country's gross domestic product (GDP) increased by 6.6% annually, higher than the world's 2.6% in the same period. and the average growth level of developing economies is 3.7%; the average contribution rate to world economic growth exceeds 30%, ranking first in the world. In the first eight months, my country's foreign investment increased by 16.4% year-on-year. According to data released by the Ministry of Commerce on September 19, from January to August, the country's actual use of foreign capital was 892.74 billion yuan, a year-on-year increase of 16.4%. Among them, EU investment in China increased by 123.7% year-on-year. Foreign investors continue to be optimistic about the Chinese market. The central bank's reverse repurchase operations increased slightly On September 19 and 20, the central bank carried out 14-day reverse repurchase operations for two consecutive days, and the volume of open market operations increased moderately compared with the previous month. Industry insiders said that this is in line with the central bank's previous operating practices, and its purpose is to maintain stable liquidity at the end of the quarter and hedge against the impact of tax period disturbances. On September 20, the latest loan market quotation rate (LPR) was announced: 1-year LPR was 3.65%, and LPR for more than 5 years was 4.3%, both maintaining the previous value unchanged. The LPR's "standstill" is within market expectations. Oil prices ushered in the "seventh drop" of the year. No. 95 gasoline will return to the "8 yuan era". Since 24:00 on September 21, the domestic gasoline and diesel prices have been reduced by 290 yuan and 280 yuan per ton respectively. After a short rebound, oil prices ushered in The "seventh drop" in the year. The agency believes that after the current round of oil price adjustment, No. 95 gasoline is expected to return to the "8 yuan era" in an all-round way. Three ETF options products on the Shanghai and Shenzhen stock exchanges were listed smoothly On September 19, the CSI 500 ETF options on the Shanghai Stock Exchange, the GEM ETF options on the Shenzhen Stock Exchange, and the CSI 500 ETF options were listed and traded smoothly. On the first day of listing, the market ran smoothly and the investment transactions were rational and orderly. This move will help meet the diversified risk management needs of investors, increase the allocation of funds to ETF products, and better serve medium and long-term funds entering the market. According to Wind data, as of September 21, a total of 62 companies in the two cities have disclosed their performance forecasts for the third quarter of 2022, and 43 companies are positive, accounting for nearly 70%. The Federal Reserve raised interest rates by 75 basis points for the third time in a row. The Federal Reserve ended its two-day monetary policy meeting on September 21 and announced that it would raise the target range of the federal funds rate by 75 basis points to between 3% and 3.25%. This is the Fed's third consecutive rate hike of 75 basis points this year. The exchange rate of the offshore dollar against the renminbi broke through 7.1 in the intraday session. The Fed raised interest rates by 75 basis points, and the dollar index rose more than 1% to 111.83, a new high since 2002. The exchange rate of the offshore dollar against the renminbi broke through 7.1 in the intraday session on Thursday. Market participants said that the dollar is expected to remain strong in the short term, posing some pressure on non-US currencies.
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