Today's data selection: Hong Kong housing prices have fallen by 13%; Multiple merchants fined mortgages, loans, and housing prices for selling food in nuclear radiation zones
13% drop in housing prices Hong Kong relaxes mortgage loan ratio for home purchases
On July 7th, Yu Wei wen, the President of the Hong Kong Monetary Authority, announced the decision to adjust the countercyclical macro prudential regulatory measures for property mortgage loans, which will take effect immediately. He pointed out that the mortgage rate for residential properties for personal use will be increased, the mortgage rate for properties priced below 15 million yuan will be relaxed to 70%, the mortgage rate for properties priced above 15 million to 30 million yuan will be increased to 60%, and the mortgage rate for properties priced above 30 million yuan will remain unchanged at 50%.
Affected by the COVID-19 and rising interest rates, residential property prices began to adjust in 2022, and rebounded at the beginning of this year. However, market data showed that by the end of June, the overall residential property prices had fallen 13% from the 2021 high. According to a report from China News Agency, the Land Registry of the Hong Kong Special Administrative Region Government announced on the 4th that a total of 4777 contracts for the sale and purchase of all types of buildings were submitted to the Land Registry for registration in June 2023, a decrease of 9.6% from the previous month, marking the third consecutive month of decline. Among the above-mentioned sales contracts, residential building sales contracts accounted for 3613, a decrease of 9.7% from the previous month; The total value of residential building purchase and sale contracts is HKD 33.6 billion, a decrease of 8.6% from the previous month.
Multiple merchants have been fined for selling food from nuclear radiation zones. China has banned the import of food from ten places, including Fukushima, Japan
The reporter noticed that according to the Tianyancha app, recently, Huiyanghang Department Store Co., Ltd. in Shunde District, Foshan City was listed as a serious illegal and dishonest enterprise due to the production and operation of food that is explicitly prohibited by the state for disease prevention and other special needs. In May of this year, the company was fined 10000 yuan by regulatory authorities for selling "Fujioka White Peach Beverage" purchased from Nagano Prefecture, "ORIHIRO Konjac Jelly" produced from Gunma Prefecture, Japan, and "Bourbon Soy Milk Wafer Biscuits" produced from Niigata Prefecture, Japan.
Since the beginning of this year, multiple businesses have been fined for selling imported food from Japan's nuclear radiation zone. Among them, the Yiqiling Snack Shop in Xishan District has been confiscated of illegal property for selling Longjiao loose white peach flavored sandwich candies and mint flavored sandwich candies originating from Tokyo, Japan; The commemorative coffee shop in Qingdao Economic and Technological Development Zone was fined 10000 yuan for selling whiskey produced in Chiba Prefecture, Japan.
Experts suggest that consumers should choose businesses with a business license, food business license, high market reputation, and stable business status when purchasing imported food from Japan, and keep their consumption vouchers properly. At the same time, it is important to pay attention to whether imported food has Chinese labels, whether the content indicated on the Chinese labels is complete, and pay attention to the origin of the purchased food. If consumers find that the origin of the food they purchased is a prohibited area, they can retain relevant evidence and report it to the market supervision department to protect their own rights.
Global grain production is expected to reach a historic high this year
The latest issue of the Grain Supply and Demand Briefing released by the Food and Agriculture Organization of the United Nations on the 7th showed that the latest forecast for global grain production in 2023 increased by 5.9 million tons compared to the previous month to 2.819 billion tons, a year-on-year increase of 1.1%, setting a new historical high. The briefing stated that the increase in forecast numbers for this month is almost entirely due to the adjustment of global wheat yield expectations. At present, the latest global wheat production forecast has increased by 0.9% to 783.3 million tons, but it is still 18.4 million tons lower than the record level in 2022.
The Food and Agriculture Organization of the United Nations also releases a food price index. Data shows that the Food and Agriculture Organization of the United Nations Food Price Index continued to decline in June, with an average of 122.3 points. The month on month decline continued, with a decrease of 1.7 points, which is 37.4 points lower than the historical high in March 2022. The decline in June was due to a decline in the price index of sugar, vegetable oil, grains, and dairy products, while the meat price index remained largely unchanged.
At the end of June, China's foreign exchange reserves reached 3193 billion US dollars, with a month on month increase of 0.52%
According to data released by the State Administration of Foreign Exchange of China on the 7th, as of the end of June 2023, the scale of China's foreign exchange reserves was 3193 billion US dollars, an increase of 16.5 billion US dollars or 0.52% compared to the end of May. In addition, China's gold reserves are 67.95 million ounces; According to SDR, China's foreign exchange reserves are 2400.617 billion SDR.
The State Administration of Foreign Exchange stated that in June 2023, the US dollar index fell and global financial asset prices fluctuated due to factors such as monetary policies and expectations of major economies, and global macroeconomic data. The combined effect of exchange rate conversion and changes in asset prices has led to an increase in the size of foreign exchange reserves for the month. Specifically, Wen Bin, Chief Economist of China Minsheng Bank, pointed out that in June 2023, in terms of currency, the US dollar exchange rate index fell by 1.4% to 102.9, indicating an overall appreciation of non US dollar currencies; In terms of assets, the hedged global bond index priced in US dollars fell by 0.1%, while the S&P 500 stock index rose by 6.5%, driving up the size of foreign exchange reserves.
Tenpay Payment Technology Co., Ltd. was fined nearly 3 billion yuan
On July 7, the People's Bank of China issued huge fines to Alipay and Tenpay. Among them, according to the ticket against Ant Group, Alipay Network Technology Co., Ltd. was warned to confiscate 830914141.13 million yuan of illegal income and fine 223115389033 million yuan. Four people, including Ge Moudi, the general manager of Alipay Network Technology Co., Ltd. at that time, also received the ticket from the central bank. Another third-party payment giant, Tenpay, has also received fines from the central bank, totaling nearly 3 billion yuan. The central bank's fine shows that Tenpay Payment Technology Co., Ltd. has been warned, confiscated illegal gains of RMB 56612388789, and fined RMB 242677882. Wu, the then head of the Anti Money Laundering and Risk Control Department of Tenpay Payment Technology Co., Ltd., and four others also received fines from the central bank.