Economics

Recently, the Beijing Municipal Bureau of Culture and Tourism issued a new initiative, suggesting that all tourist attractions in the city, except for some popular tourist attractions and units open to the public, such as the Forbidden City and the National Museum, should completely cancel the reservation requirement. This news quickly aroused heated discussion among the public. Some people agreed to extend the cancellation of reservation measures to the whole country, while others worried that not making a reservation might result in the venue being full upon arrival, thus making a wasted trip... In fact, before Beijing further expanded the reservation system for scenic spots, Shanghai and Suzhou had already announced relevant measures, announcing that, except for some popular scenic spots and cultural venues, all other cultural and tourism venues would cancel the reservation system for visits. Should the ticket reservation system, which has been implemented for several years, be completely canceled? Many scenic spots are "standard" and many people's perceptual perception of ticket reservations comes from the visit reservation system implemented by cultural and tourism venues during the epidemic prevention and control period.

June 25, 2024 is the 14th "World Seafarers' Day". The first public lawyer studio in the national maritime system - the Shanghai Maritime Safety Administration Public Lawyer Studio was unveiled. Relevant person in charge of the Shanghai Maritime Safety Administration said that the establishment of the studio, in addition to caring for the development of seafarers, serving the seafarer market, and protecting the rights and interests of seafarers, will also help Shanghai to make up for the shortcomings of high-end shipping services, enhance the influence of foreign-related rule of law, and better participate in the formulation of rules of the International Maritime Organization. It is reported that the Shanghai Maritime Safety Administration currently has a team of 75 public lawyers, ranking among the top in the directly affiliated maritime system. After the establishment of the Shanghai Maritime Safety Administration Public Lawyer Studio, it plans to move into the "North Bund International Legal Service Port" with the support of the Hongkou District Justice Bureau, and use the natural foreign-related factors of shipping to promote the development of foreign-related rule of law, in administration, justice, arbitration, and public

On the afternoon of June 24, the 2024 Fujian Culture and Tourism Promotion Conference with the theme of "Come to Fujian, be blessed with many blessings, enjoy mountains and seas and sing songs along the way" hosted by the Fujian Provincial Department of Culture and Tourism and the Sanming Municipal People's Government was held in Shanghai, attracting the attention of many Shanghai citizens and tourists. This promotion conference focused on the theme of "Come to Fujian, be blessed with many blessings, enjoy mountains and seas and sing songs along the way", and planned to launch a series of products and cooperation, including the promotion show "I'm Waiting for You in Sanming", the Fujian Food RAP Show, Fujian Summer Boutique Tourism Routes, Fujian Forest Scenic Road No. 1 Self-driving Tour Products, "pairing" of key scenic spots in Shanghai and Sanming, and cooperation agreements between key travel agencies in Shanghai and Fujian, inviting friends from all over the country to experience the unique style of Fujian in summer. Fujian Culture and Tourism Recommendation Officer Wang Zhixin vividly recommended Fujian's cultural and tourism resources and products, allowing the guests on the scene to have an understanding of the beautiful scenery scattered across the land of Fujian.

The reform effect after the launch of the "Eight Measures for the Science and Technology Innovation Board" has begun to emerge. Recently, two companies on the Science and Technology Innovation Board have taken the lead in mergers and acquisitions. On June 19, the China Securities Regulatory Commission issued the "Eight Measures on Deepening the Reform of the Science and Technology Innovation Board to Serve Technological Innovation and the Development of New Productivity", which mentioned that greater efforts will be made to support mergers and acquisitions. Support Science and Technology Innovation Board listed companies to carry out mergers and acquisitions of upstream and downstream of the industrial chain. Improve the valuation inclusiveness of mergers and acquisitions, and support Science and Technology Innovation Board listed companies to acquire high-quality unprofitable "hard technology" companies. Enrich the payment tools for mergers and acquisitions, and conduct research on installment payments of share consideration. Support Science and Technology Innovation Board listed companies to focus on improving and strengthening their main businesses and carry out absorption mergers. Science and Technology Innovation Board companies have heard the news and moved. On the evening of June 21, Xinlian Integrated Circuit disclosed a restructuring plan, intending to acquire its holding subsidiary Xinlian Yuezhou Integrated Circuit Manufacturing Co., Ltd. 72.

Violent plum is making a comeback! The Shanghai Central Meteorological Observatory predicts that under the influence of the Meiyu belt, there will be a continuous rainstorm process in Shanghai from the morning of the 25th to the night of the 27th. The main precipitation periods are from the morning of the 25th to the morning of the 25th, from the night of the 25th to the morning of the 26th and from the night of the 26th to the morning of the 27th. It is accompanied by thunder and lightning, short-term heavy precipitation and thunderstorm winds of magnitude 7 to 9. In terms of rainfall, it is expected that there will be continuous heavy precipitation in Shanghai from the morning of the 25th to the night of the 27th, with a cumulative rainfall of 120,180mm and a local area of 200,000mm. The heavy rainfall from the morning of the 25th to the morning of the 25th is mainly concentrated in the southern region, with the maximum hourly rainfall intensity of 20,40mm and 40,60mm from the 25th night to the 27th. In terms of strong winds, Shanghai has high atmospheric instability energy and thunderstorms from the 25th night to the 27th night.

What should you do if your itinerary changes temporarily and you have to pay to change or refund your booked ticket? On June 24, a new service of China Eastern Airlines can avoid the above embarrassing situation to a certain extent. On the same day, China Eastern Airlines announced the launch of the Yangtze River Delta "Regional Pass" service. From now on, eligible passengers on domestic flights actually operated by China Eastern Airlines and its subsidiary Shanghai Airlines, if they fly to all civil aviation airports in Shanghai, Jiangsu, Zhejiang, and Anhui, or depart from the airports in the above four provinces and cities, can change their departure or destination airports in the above-mentioned areas and re-purchase tickets due to temporary changes in their itinerary, and after the new ticket is used, the old ticket can be fully refunded. For example, a passenger originally planned to take China Eastern Airlines' "Shanghai Pudong-Beijing Daxing" flight on June 25, but due to changes in work reasons on June 24, he planned to change to take China Eastern Airlines.

When it comes to Korean tourist destinations, the first impression of many domestic tourists is Seoul and Jeju Island. Since the beginning of this year, Busan, which is surrounded by mountains and the sea, has slowly become popular with its own urban temperament and has become a "new favorite" for Chinese tourists to visit South Korea. A few days ago, the "Hug Busan" Shanghai Station event organized by the Busan Tourism Development Bureau opened its arms at Raffles City North Bund, bringing the healing energy of Busan to citizens and tourists. This past weekend, Raffles City North Bund, Shanghai was particularly lively. Citizens and tourists from all over the world gathered together to have a big "bear hug" with Busan. This "Hug Busan" Shanghai Station has 5 major locations, namely: Seagull "Hugger" Station, Turn Busan Citywalk, Stick to Busan, Big "Hug" Light of Love, and Busan Signal Receiving Station. Pick up the "Hug Busan pa" at the entrance.

It's really the end of the plum rain in Shanghai. Since the start of the plum rain season on June 19, there have been local torrential rains almost every day. Forecasts show that Shanghai will have plum rains all week. Some netizens expressed helplessly that it seems as if there is a leak in the sky in Shanghai, and the plum rains will never stop... The question is, why is the plum rain so strong at the beginning? From the national precipitation monitoring map, we can see that a clear plum rain belt stretches across my country's Yangtze River Basin. The Central Meteorological Observatory stated that my country's weather pattern has been very stable recently. From the Yangtze River Delta to Jiangxi to Hubei and Hunan, they are all under the control of the "violent plum rain". The plum rain belt continues to generate new convection, resulting in continuous precipitation. Yesterday, Shanghai was shrouded in rain. From 0:00 to 16:00, most areas in the west, north and south of the city experienced heavy rain to torrential rain. Among them, Jinshan Petrochemical Street was covered with rain.

Where to go in the summer vacation? If you like mountains and rivers and nature, and also want to appreciate the rich cultural landscape, there are many choices that have the best of both worlds in the motherland. The Dahuangshan area in Anhui, which combines the characteristics of summer vacation, mountains and rivers, and cultural folk customs, Lishui in Zhejiang, which is known as "the fairyland of poetic and picturesque mountains and rivers, and the flavor of the mountain city relieves homesickness", and Yecheng in Xinjiang, which is known as "the first city of Kunlun", are all worth a visit. Dahuangshan: Go to the beautiful summer misty Dahuangshan in Anhui, a place for spiritual rest. It brings together the natural and cultural essence of the four cities of Huangshan, Chizhou, Xuancheng, and Anqing, forming a world-class paradise for leisure, vacation, and health tourism. On this land, the quietness of "the bright moon shines among the pines, and the clear spring flows on the rocks" and the tranquility of "the mountain light pleases the birds, and the pool shadow empties the human heart" are interwoven into a series of moving ink paintings, which are the original reproduction of the misty Jiangnan in Tang poetry and Song lyrics.

"Building a high-quality inclusive financial system is like a marathon. It requires perseverance and long-term efforts." At the last plenary session of the 2024 Lujiazui Forum, the first guest, Laszlo Vastag, Executive Director of the Hungarian National Bank, used a metaphor to point out the difficulty of inclusive finance. So how can this marathon have a continuous source of power? At the forum, experts from regulatory authorities, policy banks, commercial banks, academia and other parties mentioned a key word: digitalization. Qian Wenhui, Chairman of the Agricultural Development Bank of China, has a deep understanding of this. The Agricultural Development Bank of China uses technological means and digital finance to develop a series of agricultural loan models that meet the characteristics of private small and micro enterprises, and has achieved positive results. In 2023, the Agricultural Development Bank of China will launch an online inclusive small and micro loan program.

The reporter learned from the Shanghai Municipal Culture and Tourism Bureau today that in order to further optimize the experience of domestic and foreign tourists coming to Shanghai, and to facilitate domestic and foreign tourists to travel light to visit cultural relics, art exhibitions, take exams, enjoy aesthetic education, and visit scenic spots, the cultural and tourism departments at the municipal and district levels in Shanghai have further mobilized and tapped the potential of the city’s A-level tourist attractions, museums, art galleries, and public libraries. Recently, 57 cultural and tourism venues in the city have added luggage storage services. So far, there are 232 cultural and tourism venues in Shanghai that provide luggage storage services to tourists, covering 75 A-level scenic spots, 70 art galleries, 67 museums, and 20 public libraries. Shanghai will further provide more comfortable and sophisticated services, and sincerely invites citizens and tourists to enjoy Shanghai and share beauty and joy. The list of 232 cultural and tourism venues that provide luggage storage services to tourists is as follows: 75

Financial innovation will generate a large number of new financial products and services, which may cross the existing legal boundaries, thus bringing about the so-called governance issues. How to promote innovation on the one hand and reduce problems on the other? At the 2024 Lujiazui Forum held on June 20, the guests shared their views through the theme forum "Digital Financial Innovation and Governance". According to research by the China Academy of Information and Communications Technology, in 2022, the scale of China's digital economy will be 50.2 trillion yuan, and its total volume will remain the second in the world, accounting for 41.5% of GDP. It is urgent to develop digital financial formats that match it. Le Shajie, Vice President and Chief Operating Officer of Amundi Asset Management Group, believes that the development of technologies related to digital finance mainly has the following four trends: First, software as a service can expand its scale, and

A city built in the desert, but with three of the world's most famous buildings - the world's tallest man-made building, the Burj Khalifa, the most luxurious "seven-star" Burj Al Arab, and the world's largest artificial island project, the Palm Island. This is the legendary Middle Eastern city of Dubai. At present, China continues to be one of the most important sources of tourists for Dubai. Relevant personnel from the Dubai Ministry of Economy and Tourism revealed at a roadshow held in Shanghai that Dubai received 620,000 overnight tourists from China last year, and nearly 290,000 overnight tourists from China in the first four months of this year, an increase of 101% over the same period last year. Dubai is a city with rich tourism resources. The world's tallest building, the Burj Khalifa, is 828 meters high. It is a landmark attraction in Dubai and a wonder of modern engineering and architecture.

Mingren Garden, which will reopen in the third quarter of this year, is not an ordinary community project. It not only needs to "break the wall", but also introduces 9 construction robots for successive updates and renovations. It is the community complex in Shanghai that uses the most intelligent "Lu Ban". And this is just the beginning. The reporter learned that robots will appear more and more frequently in Shanghai's urban renewal projects. Mingren Garden renderings Mingren Garden's lake water after purification In Jinyang, Pudong, Mingren Garden has long become a part of the daily life of residents. Tao Qiang, general manager of Shanghai Mingren Garden Industrial Co., Ltd., said that Mingren Garden has been in operation for more than 20 years, and its building facilities are old and its supporting functions are insufficient. It can no longer meet the needs of community residents, so it started urban renewal at the end of 2022, and the progress of the renovation has always been the focus of surrounding residents. Mingren Garden is always used

Certification inspectors go to certification bodies and certified companies to conduct on-site inspections of sites, documents, etc. This is a traditional certification supervision method that cannot fundamentally solve the problem of low efficiency caused by limited supervision resources and geographical dispersion of the industry. It is time-consuming and labor-intensive. The transformation of supervision methods towards digitalization and intelligence has proven to be an effective way out. On June 20, the Shanghai Municipal Market Supervision Bureau announced that the digital certification work that Shanghai took the lead in the country has "come to fruition". The first two digital certification pilot companies in Shanghai-Shanghai Electric Co., Ltd. People's Electric Factory and Shanghai Noyak Electric Co., Ltd.'s low-voltage electrical products have recently obtained digital certification. Digital certification uses digital means to obtain product design, production, inspection, management and service process data to evaluate the company's product quality.

On June 19, during the 2024 Lujiazui Forum, the Shanghai Regulatory Bureau of the State Financial Supervision and Administration organized the Shanghai International Reinsurance Registration and Trading Center to hold a cooperation signing ceremony. Since last year's Lujiazui Forum, the construction of the Shanghai International Reinsurance Center has pressed the "accelerator" to build a unified, open, rule-complete, standardized and efficient modern reinsurance trading market, and achieved a series of major breakthroughs in strategic positioning, development path, carrier construction, rule system, trading system, and approval process. The signing covers insurance services in four major areas: green ships, domestically produced large aircraft, central state-owned enterprise insurance brokerage companies, and overseas insurance institutions. In terms of green ships, the People's Government of Pudong New Area, China Shipbuilding Industry Corporation, and 9 insurance institutions including PICC Property and Casualty Insurance, China Pacific Insurance, Ping An Property and Casualty Insurance, and China Life Property and Casualty Insurance

"Aging is not a burden, aging is the wealth of society, and society must be responsible for it." Zhou Hanmin, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference, said. With the advent of the silver economy era, how should the financial industry support the high-quality development of the silver economy? Today, the sixth plenary session of the 2024 Lujiazui Forum discussed the topic of "Silver Economy and Pension Finance", and many professionals from banks, insurance and other professional institutions offered suggestions. Cai Xiliang, vice chairman and president of China Life Insurance Company, said that my country's pension industry is currently facing the following challenges-the first is the imbalance between pension demand and supply. In terms of demand, my country has currently established a three-pillar pension security system, but it is not balanced. As of the end of last year, the number of participants in the first pillar of basic pension insurance was 1.07 billion, and the second pillar of enterprise annuities and occupational pensions was 2.3 billion.

According to reports, on June 20, China and Malaysia announced the extension of their visa-free policies to each other: China agreed to extend its visa-free policy for Malaysian citizens until the end of 2025, and Malaysia will extend its visa-free policy for Chinese citizens until the end of 2026. According to the Qunar Index, after the news was announced, the search index for Kuala Lumpur, the capital of Malaysia, increased by 49% from last week. On the Qunar platform, the number of air ticket bookings from China to Malaysia increased by 2.2 times year-on-year, and popular travel cities include Kuala Lumpur, Kota Kinabalu, Tawau, Penang, Kuala Terengganu, Langkawi, etc. The mutual visa-free policy between China and Malaysia has significantly boosted the tourism industry. Ctrip data shows that as of now, Malaysia ranks as the fourth largest source country for China's inbound tourism this year, and the number of travel orders from Malaysian tourists to mainland China has increased year-on-year.

On June 20, at the 2024 Lujiazui Forum, a special event of "Technology Innovation Financial Studio" hosted by the Shanghai Financial Industry Association was successfully held. The 2024 Shanghai full life cycle technology innovation financial service products were released on site. The 10 full life cycle technology innovation financial service products cover the entire life cycle of technology innovation enterprises, including the start-up, growth and maturity stages. They are: Shanghai Financing Guarantee Center's "Jucaibao", Bank of Communications' "Technology Innovation Talent Loan", Agricultural Bank of China's "Emerging Industry Emerging Loan", China Life Insurance Shanghai Branch's "China Life Technology Enterprise Employee Welfare Insurance Product Plan", Bank of Communications Guosen's "Participation in Qi'an Phase II Fund", Bank of Shanghai's "Employee Stock Ownership Financing", China Pacific Property Insurance Company's "Technology Achievement Transformation Cost Loss Insurance", and China People's Property Insurance Company's "Technology Innovation Talent Loan".

Drinking the water of the Yangtze River, Shanghai and Qinghai are one family. The peak summer tourism season is approaching, and the promotion event for the Golden Tourism Circle on Both Sides of the Huangpu River has entered the "Source of Three Rivers" Qinghai. As an urban tourism destination brand jointly created by the Pudong New Area Culture, Sports and Tourism Bureau and the Huangpu District Culture and Tourism Bureau, the Golden Tourism Circle on Both Sides of the Huangpu River has joined hands many times in the past 17 years to travel to various parts of the country to fully demonstrate the diverse charm of the Huangpu River Golden Tourism Circle and enhance the image connotation and quality extension of Shanghai's urban tourism core area. Pudong New Area is "a symbol of China's reform and opening up, and a leading area for socialist modernization construction", and Huangpu District has more of Shanghai's history and cultural heritage. These two areas with Shanghai characteristics belong to the two sides of the Huangpu River. The Bund Architecture Expo Group in Huangpu District and the Lujiazui high-rise buildings in Pudong New Area are the most classic Shanghai in the eyes of tourists at home and abroad.

"Six years ago, when I came to China for the first time, I originally thought that China did not attach importance to patent protection at all. Now it seems that this is completely wrong. Now I can confidently tell my colleagues in other countries that patent protection is progressing very smoothly here!" Luo Can, Vice President of the LEGO Group and General Legal Counsel for Asia Pacific and China, did not hesitate to praise China. In recent years, Shanghai has insisted on equal protection of intellectual property rights of Chinese and foreign market entities, severely cracked down on infringements and illegal acts, and strived to create a first-class business environment for the development of foreign-funded enterprises in Shanghai. "Comprehensive Victory" If you want to understand Luo Can's feelings, you might as well look at three cases first. These are all "achievements" that foreign-funded enterprises are quite proud of during the reporter's visit. In August 2022, the Economic Investigation Corps and Huangpu Branch of the Shanghai Public Security Bureau successfully destroyed the production and sales of criminals that infringed the copyright of the LEGO brand.

Decarbonization and carbon reduction are the most important challenges of this century. McKinsey conducted a survey in 2020, and the results showed that in order to achieve net zero carbon emissions by 2050, an annual investment of US$3.5 trillion is required. "Banks alone cannot solve so much capital. We must let the capital market play a role to achieve the transformation of the global economy." said Philip BROWN, CEO of Clearstream Banking Limited. Finance is precisely responsible for the function of resource allocation. At the fourth plenary session of the 2024 Lujiazui Forum, financial industry professionals from home and abroad gathered together, and the latest exploration and thinking on green finance was taking place. "Promoting green, low-carbon and sustainable development has become a broad consensus of the international community. From the perspective of the financial industry, the development of green finance is a long-term structural transformation.

In the early morning of June 19th, Beijing time, NVIDIA officially surpassed Microsoft to become the world's most valuable listed company. The capital myth created by this AI company was also hotly discussed at the Lujiazui Forum held on the same day. At the 2024 Lujiazui Forum "Scientific and Technological Innovation and High-quality Development of the Capital Market" plenary session, many key figures from the global capital market discussed the topic of how technological innovation and capital markets interact in both directions. It is a consensus that technological innovation will drive economic growth. Seth P. BERNSTEIN, President and CEO of AllianceBernstein Group, said that technology and data science can improve transparency, reduce friction and improve efficiency. In addition, in China, people have the opportunity to use modern technology and digital infrastructure to serve the market, which is better than markets in developed countries, including the United States.

On June 19, at the 2024 Lujiazui Forum, the speeches of the leaders of "one bank, one bureau, and one association" once again attracted the attention of the entire financial market. They proactively responded to market hot spots and concerns, and sent a large number of signals and benefits to the outside world. Shanghai has frequent good news. Five years ago, the Science and Technology Innovation Board was officially launched at the Lujiazui Forum. Five years later at the Lujiazui Forum, this experimental field of China's capital market announced reforms again. Wu Qing, Chairman of the China Securities Regulatory Commission and co-rotating chairman of the forum, mentioned in his speech that the China Securities Regulatory Commission will issue 8 measures to deepen the reform of the Science and Technology Innovation Board, further highlight the "hard technology" characteristics of the Science and Technology Innovation Board, and improve the issuance and underwriting, mergers and acquisitions, equity incentives, transactions and other systems and mechanisms to better serve technological innovation and the development of new quality productivity. In the afternoon of the same day, the China Securities Regulatory Commission issued the "Notice on Deepening the Reform of the Science and Technology Innovation Board to Serve

On June 19, Shanghai officially entered the plum rain season. It is predicted that this year's plum rain will be more than normal, and heavy rain is on the way. "Because the weather is not very good, I want to try to order a taxi online to send my child to school." Mr. Zhang opened the online taxi-hailing platform early this morning and placed an order at 7:20. He selected most types of cars, but at 7:43, he still had not received any response. In the end, he could only send his child to school on foot. With the "plum rain season" in Shanghai, the waiting time for a taxi may be longer in the near future, especially during the peak taxi-hailing period. According to Didi Chuxing data, as of 17:00 today, the demand for taxis in Shanghai has increased by about 50% compared with the same day last week. According to the forecast of the meteorological department, Shanghai will be cloudy and rainy in the coming week. The platform expects that travel demand will continue to rise, and passengers are advised to always have umbrellas and be adequately prepared. As for the subway, the operator focuses on prevention.

On June 19, Shanghai officially announced the start of the plum rain season. According to the city's meteorological service center, this year's plum rain will be more. When the frequency and intensity of precipitation increase significantly, will the growth of crops be affected? In the Shanghai Hengsha Xinzhou Park, which was established not long ago, staff are busy sowing rice and preparing for possible rainfall and flood control. "Hengsha Xinzhou is located at the mouth of the Yangtze River. Under the unique geographical and climatic conditions, we are continuously improving a series of supporting flood control measures." Shi Junlong, general manager of Shanghai Modern Agricultural Investment Project Management Company, introduced that the park has purchased necessary flood control facilities and equipment, conducted personnel training and drills, established and improved an emergency liaison network, and adjusted the park building design according to the flood control requirements of different regions. This year, Hengsha Xinzhou will plant 12,000 acres of rice, and the current sowing progress has been pulled to about 70%.

On June 19, at the third plenary session of the 2024 Lujiazui Forum, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, responded to many hot market issues. Fang Xinghai emphasized that private equity funds and private venture capital funds are very important forces in promoting technological innovation. According to statistics from the China Securities Investment Fund Association, in the first quarter of this year, PEVC funds invested in a total of 4,438 projects with a total investment of 191.5 billion yuan. If the whole year is considered, the total investment will be close to 800 billion to 1 trillion yuan. "With such an investment scale, it is difficult to say that the primary market no longer exists. This is a bit exaggerated." Fang Xinghai responded to market controversy and said that such a view may reflect that some management agencies have encountered some difficulties in their business operations and that the new environment is more competitive. Fang Xinghai emphasized that for private equity funds and venture capital funds, the China Securities Regulatory Commission

Today, Shanghai officially opened the plum rain season, and the first day of the plum rain season was met with heavy rain. According to the monitoring of the Shanghai Central Meteorological Observatory, as of 15:00 today, heavy rain has fallen throughout the city, and some areas have experienced torrential rain. As of press time, the blue warning signals for heavy rain and the yellow warning signals for thunderstorms are being maintained. With the start of the "violent plum rain", many citizens are worried. Will the plum rain this year be so aggressive? Meteorological monitoring data show that as of press time, the heaviest rainfall today occurred in Nanhui New Town, Pudong, with a cumulative rainfall of up to 66.4 mm. Some citizens believe that this is because Shanghai entered the plum rain season late, and the momentum had been accumulated for a long time in the early stage, so it was able to "make a splash" as soon as the plum rain season began. The reporter asked the Shanghai Meteorological Bureau for confirmation. Meteorological experts said that the time of Shanghai's plum rain season this year was not late, and it was the same as the annual average. From a meteorological point of view, judging whether the plum rain season has begun needs to be based on some scientific basis.

On June 19, at the 2024 Lujiazui Forum, Wu Qing, Chairman of the China Securities Regulatory Commission, announced that the CSRC will issue eight measures to deepen the reform of the Science and Technology Innovation Board to further highlight the "hard technology" characteristics of the Science and Technology Innovation Board. In the afternoon of the same day, the CSRC issued the "Eight Measures on Deepening the Reform of the Science and Technology Innovation Board to Serve Technological Innovation and the Development of New Productivity" to further deepen reforms, enhance inclusiveness of new industries, new formats and new technologies, give play to the functions of the capital market, and better serve the overall situation of China's modernization. The "Eight Measures" closely focus on serving high-level scientific and technological self-reliance and the development of new productivity, highlight key points, combine the long-term and short-term, and launch a package of reform measures. In particular, in response to the market's more concentrated reflections on issues such as high-priced oversubscription of new stock issuances, active mergers and acquisitions and restructuring markets, and strengthened supervision of listed companies, the "Eight Measures" have made

On June 19, at the 2024 Lujiazui Forum, Pan Gongsheng, governor of the People's Bank of China, stated that the country will continue to maintain a supportive monetary policy stance, strengthen counter-cyclical and cross-cyclical adjustments, effectively consolidate and enhance the economic recovery and create a good monetary and financial environment for economic and social development. He introduced that since the beginning of this year, global inflation has cooled down from its high level, but it still has strong viscosity. Some central banks, such as the European Central Bank, have begun to cut interest rates, and some central banks are still observing and expect that they may also cut interest rates later this year, but overall they still maintain a high-interest rate and restrictive monetary policy stance. The situation in China is different. The monetary policy stance is supportive, providing financial support for the continued recovery of the economy. In terms of the total amount of monetary policy, the People's Bank of China uses a variety of monetary policy tools, including lowering deposits.