Today's data highlights: RMB deposit balance increased by 6.6% year-on-year in August; Shanghai promotes localization of software and hardware
1. Central Bank: At the end of August, the balance of broad money supply was 305.05 trillion yuan, a year-on-year increase of 6.3%
The People's Bank of China released the financial statistics report for August 2024 on the 13th.
At the end of August, the balance of broad money was 305.05 trillion yuan, up 6.3% year-on-year. The balance of narrow money was 63.02 trillion yuan, down 7.3% year-on-year. The balance of currency in circulation was 11.95 trillion yuan, up 12.2% year-on-year. The net cash injection in the first eight months was 602.8 billion yuan.
At the end of August, the balance of domestic and foreign currency deposits was 303.21 trillion yuan, a year-on-year increase of 6.6%. The balance of RMB deposits at the end of the month was 297.14 trillion yuan, a year-on-year increase of 6.6%.
2. China's government procurement scale in 2023 will be 3392.96 billion yuan
Data released by the Ministry of Finance of China on the 13th showed that the scale of government procurement nationwide will be 3392.96 billion yuan in 2023. Among them, the scale of government procurement of goods, projects and services will be 773.81 billion yuan, 1448.68 billion yuan and 1170.48 billion yuan respectively, accounting for 22.8%, 42.7% and 34.5% of the national government procurement scale.
In terms of organizational form, centralized government procurement, centralized department procurement, and decentralized procurement accounted for 23.7%, 4.5%, and 71.8% of the national government procurement scale, respectively. In terms of procurement methods, open bidding accounted for the largest proportion, accounting for 76.3% of the national government procurement scale.
3. The National Immigration Administration predicts that the average daily number of inbound and outbound passengers during the Mid-Autumn Festival will increase by 21.9% compared with the same period last year
According to the National Immigration Administration, the cross-border tourism during the Mid-Autumn Festival and the return of compatriots from Hong Kong, Macao and Taiwan, as well as overseas Chinese, will lead to a peak in the number of inbound and outbound passengers at ports across the country, with an average daily number of inbound and outbound passengers reaching 1.8 million, an increase of 21.9% over the same period last year. It is expected that the peak of inbound and outbound passenger flow will be mainly concentrated on September 14 and 17. The inbound and outbound passenger flow at large international airports has increased steadily, with the average daily number of inbound and outbound passengers at Beijing Capital Airport, Shanghai Pudong Airport, Guangzhou Baiyun Airport and Chengdu Tianfu Airport expected to reach 42,000, 95,000, 42,000 and 16,000 respectively. The passenger flow at land ports adjacent to Hong Kong and Macao continues to grow, with the average daily number of inbound and outbound passengers at Zhuhai Gongbei, Qingmao, Hong Kong-Zhuhai-Macao Bridge and Hengqin ports expected to reach 320,000, 100,000, 80,000 and 78,000 respectively, and the average daily number of inbound and outbound passengers at Shenzhen Luohu, Futian, Shenzhen Bay and Guangzhou-Shenzhen-Hong Kong High-Speed Railway West Kowloon Station ports expected to reach 200,000, 177,000, 125,000 and 93,000 respectively.
4. The two departments issued the "Notice on Further Strengthening the Management and Service of Direct Settlement of Medical Treatment in Other Places"
Recently, the National Medical Insurance Administration and the Ministry of Finance jointly issued the "Notice on Further Strengthening the Management and Service of Direct Settlement of Medical Treatment in Other Places". The "Notice" mainly includes six parts. First, strengthen the management of medical treatment registration in other places. Second, reasonably determine the reimbursement policy for medical treatment settlement in other places. Third, strengthen the management of medical treatment places. Fourth, optimize the handling service of direct settlement of medical treatment in other places. Fifth, strengthen the monitoring of direct settlement of medical treatment in other places. Sixth, improve the supervision mechanism of medical treatment funds in other places.
1. The number of small and medium-sized businesses on Xiaohongshu will increase by 379% year-on-year in the first half of 2024
On September 13, Xiaohongshu CMO Zhiheng said at the first Growth Brand Conference that the platform will support small and medium-sized businesses. At the same time, Xiaohongshu platform released the "Juguang Lite" delivery tool for small and medium-sized businesses. Data shows that in the first half of 2024, the number of small and medium-sized businesses operating on Xiaohongshu increased by 379% year-on-year, and the GMV of small and medium-sized businesses increased by 436% year-on-year.
2. In August, the postal industry delivered 15.94 billion pieces of mail, a year-on-year increase of 17.3%.
According to the WeChat official account of the State Post Bureau, the State Post Bureau announced the operating conditions of the postal industry in August 2024 on the 13th.
In August, the postal industry delivered 15.94 billion pieces of mail, up 17.3% year-on-year, of which 14.38 billion pieces were express deliveries, up 19.5% year-on-year.
In August, the postal industry achieved revenue of 137.01 billion yuan, up 11.7% year-on-year, of which express delivery revenue reached 114.12 billion yuan, up 12.9% year-on-year.
3. In the first half of the year, 1.347 million new catering companies were established nationwide, and 15.7% of these companies were established for less than one year.
According to Tianyancha data, in the first half of this year, the number of newly registered domestic catering-related companies reached 1.347 million, and the number of deregistrations and suspensions reached 1.056 million. This means that the number of newly established catering companies is still greater than the number of closures, and the industry supply continues to increase.
There are currently 16.31 million catering companies in operation, of which 2.55 million were established within one year. In other words, 15.7% of catering companies were established less than one year ago. A large number of new companies and new stores were established in the past year, and the catering industry has become more crowded.
According to Interface News, documents submitted by Faraday Future to the U.S. Securities and Exchange Commission on September 10 local time showed that the company will increase the salaries of CEO Matthias Aydt and founder Jia Yueting. CEO Aydt's annual base salary will be increased from US$400,000 to US$700,000, and founder Jia Yueting's annual base salary will be increased from US$450,000 to US$680,000, a salary increase of US$230,000, an increase of more than 50%.
1. Shanghai: Strive to approve onshore wind power projects before June 2025 and start construction of photovoltaic power station projects before June 2025
The Shanghai Development and Reform Commission issued a notice on matters related to the development and construction of renewable energy in Shanghai in 2024. It was proposed to accelerate the construction of onshore wind power and photovoltaic power station projects. This year, the onshore wind power scale to be implemented in various districts is 248,410 kilowatts and the photovoltaic power station scale is 48,896 kilowatts. After evaluation by the Shanghai Electric Power Company, they can be fully guaranteed to be consumed and all included in the 2024 onshore wind power and photovoltaic power station development and construction plan. All districts should strengthen supervision and guidance of development companies, accelerate the construction of projects included in the construction plan, and power grid companies should handle grid access procedures in a timely manner; strive to approve onshore wind power before June 2025, start photovoltaic power stations before June 2025, and connect the projects under construction to the grid for power generation as soon as possible. Encourage qualified onshore wind power projects to carry out transformation and upgrading work in accordance with the "Management Measures for the Renovation, Upgrading and Decommissioning of Wind Farms".
2. Shanghai: Continuously improve the level of localization substitution and application scale of key financial software and hardware
Cailianshe reported on September 13 that the General Office of the Shanghai Municipal People's Government issued the "Shanghai High-quality Promotion of the Construction of a Global Financial Technology Center Action Plan" to promote the security and controllability of the core information technology of the financial industry. Focus on the development trend of information technology, support core technology innovation in the fields of chips, operating systems, databases, etc., accelerate the construction of an independent and controllable financial information technology innovation ecosystem, and continuously improve the level of localization and application scale of key financial software and hardware. Promote the reconstruction and upgrading of financial core systems based on relevant security and cryptographic standards for financial infrastructure, financial institutions, etc. in Shanghai, promote the comprehensive application of commercial cryptography in the financial field, and maintain the independent, stable and secure operation of financial core systems.
3. Beijing allows foreign bank cards to be used for subway rides
In order to enhance the payment convenience in key areas such as Beijing's transportation and further optimize the travel experience of foreign passengers on rail transit, Beijing's rail transit innovative services have been upgraded. On the basis of supporting multiple payment methods such as UnionPay cards and QR code payment, Beijing's urban subway network has 27 operating lines, 836 kilometers, and 490 stations throughout the entire network, all time periods, and all gates that are capable of accepting contactless swiping of foreign bank cards. In addition, the suburban railway S2 line also meets the conditions at the same time.
4. Beijing issues the first "Embodied Intelligent Robot Food Operation License"
On September 12, Xiangke Intelligent Technology Co., Ltd., a new artificial intelligence innovation company, received the city's first embodied intelligent robot food business license. Xia Pingping, chief of the Catering Service Safety Supervision and Management Section of the Haidian District Market Supervision Bureau, introduced that after the company is approved for a license and reports in accordance with the law, the embodied robot system is qualified to carry out business activities and can be operated in business premises throughout the city. This means that embodied intelligence, a leading technology in the field of AI, is expected to quickly enter the catering market. In order to fill the gap in food safety supervision in the AI catering industry, the Haidian District Market Supervision Bureau took the lead in formulating the first "Safety Requirements and Hygiene Specifications for Intelligent Robot Systems in the Catering Service Field" and "Key Points for Food Safety Supervision of Intelligent Robot Systems in Catering Services" in the country to ensure the safety of robot chefs.