Early Reading | LPR Lowers for the First Time This Year, Releasing Positive Policy Signals Education | Theme | Policy

Good morning! Watch the news "early reading" is coming! On Wednesday, June 21, 2023, the fourth day of the fifth month of the lunar calendar, it was cloudy in Shanghai, and there were short-term showers or thunderstorms in some areas from afternoon to midnight, 24~33 ℃

Focus on Today

LPR's first decline this year releases positive policy signals

On ※ 20, the new loan market quotation rate came out, 1-year and 5-year LPR ended nine consecutive periods of "no move", all down 10 basis points from the previous period.

On that day, the People's Bank of China authorized the National Interbank Funding Center to announce that the one-year LPR was 3.55%, and the five-year and above LPR was 4.2%, both of which were 10 basis points lower than the previous period. This is the first adjustment of LPR since August 22, 2022.

As the basis for the LPR quotation, the winning bid interest rate for mid-term lending convenience this month has decreased by 10 basis points to 2.65% compared to before. Prior to this, on June 13th, the People's Bank of China launched a 2 billion yuan reverse repurchase operation, and the winning bid interest rate also decreased by 10 basis points to 1.9% compared to before; On the same day, the People's Bank of China also announced the standing loan facility interest rates for overnight, 7-day, and 1-month periods, with interest rates for each period decreasing by 10 basis points.

As an important step in deepening the market-oriented reform of interest rates, LPR has replaced the benchmark loan interest rate as the anchor for loan interest rate pricing, and is released regularly every month.

Zeng Gang, director of the Shanghai Finance and Development Laboratory, believes that the decrease in policy interest rates will drive down the quotes for the two LPR varieties this month, which will effectively drive down the actual loan interest rates, reduce financing costs, stimulate credit demand, and enhance the growth momentum of consumption and investment.

§Shencheng

●The Municipal Party Committee's Study and Implementation of Xi Jinping's New Era Socialism Thought Theme Education Seminar and the Municipal Party Committee Central Group Study Meeting was held yesterday. Chen Jining, secretary of the municipal party committee and leader of the municipal party committee's theme education leading group, presided over the meeting and emphasized that we must always adhere to the "practical" orientation, focus on the transformation of research results, work hard to strengthen joint consultations, and see the truth in achieving practical results. The effective practice continues to deepen the recognition of Xi Jinping's thoughts on socialism with Chinese characteristics in the new era, and better promote the theme education to go deeper and practical.

Inquiring about the original intention, testing the responsibility, and verifying the effectiveness

The attitude towards the urgent and difficult problems faced by the masses, questioning the original intention; The difficulty of solving problems tests responsibility; The strength of problem-solving tests the effectiveness of conducting thematic education

■ The process of conducting investigation and research is a process of continuously deepening the understanding and understanding of Xi Jinping's thoughts on socialism with Chinese characteristics in the new era

Improve the collaborative research work system, strengthen collaboration and consultation on various levels of topics, jointly assess and consult on difficult issues across regions, departments, and levels, and effectively enhance the overall integrity of research and the accuracy of problem solving

We must adhere to setting an example, guide ourselves towards practicality, and better promote the combination of goal orientation and problem orientation, as well as the integration of learning, investigation, and reform, to ensure the solid promotion of theme education

●The Municipal Party Committee's Educational Leading Group for Studying and Implementing Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era held a meeting yesterday afternoon. Chen Jining, secretary of the municipal party committee and leader of the municipal party committee's theme education leading group, presided over the meeting and emphasized that the spirit of General Secretary Xi Jinping's important speech and important instructions on theme education should be taken as the general follow, general basis, and general guidance, and closely follow the word "practical" to reflect Strict requirements, always maintain tenacity, highlight problem orientation, strictly rectify and reform, pay attention to typical guidance, do a good job in linkage promotion, and continue to deepen the theme education.

●The "Shanghai Wildlife Protection Regulations" was voted and passed at the third meeting of the Standing Committee of the 16th Shanghai Municipal People's Congress on the 20th and will come into effect on October 1, 2023. The regulations take the wildlife habitat in Shanghai as the core content of the legislation, and make specific provisions to form the whole process of institutional arrangements.

●Shanghai Museum's new exhibition "Empirical China: Songze · Liangzhu Civilization Archaeology Special Exhibition" opened to the public on the 20th. 358 precious cultural relics from 19 museums and archaeological institutions across the country gathered for the special exhibition. As the second exhibition of the "Why China" series, this exhibition focuses on the dazzling early civilization of the lower reaches of the Yangtze River from 5800 to 4300 years ago.

The reporter learned from the Shanghai Public Security Bureau on the 20th that recently, the Economic Investigation Corps of the Shanghai Public Security Bureau led the Pudong and Yangpu branches to successfully destroy a film and television investment contract fraud criminal industry chain that integrates publicity and drainage, intermediary agents, and contract fraud. There were 44 criminal suspects, and the amount involved in the case reached more than 0.49 billion yuan.

§domestic

●Recently, President Xi Jinping wrote to Dong Bo, a well-known Belgian friendly person, encouraging him to continue to actively promote China-Belgium and China-EU friendship.

Premier Li Qiang of the State Council will attend the 14th Summer Davos Forum in Tianjin on June 27. In the meantime, Premier Li Qiang will attend the opening ceremony and deliver a keynote speech, meet with foreign guests such as World Economic Forum Chairman Schwab, and have dialogues and exchanges with representatives of global entrepreneurs of the World Economic Forum.

●The "Restoring and Expanding Consumption" Research and Consultation Forum was held in Beijing on the 20th to discuss the relevant research results carried out by representatives of the central committees of the democratic parties, the All-China Federation of Industry and Commerce and people without party affiliation. Wang Huning, member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the CPPCC National Committee, attended the meeting and delivered a speech.

●The reporter learned from the Sixth Academy of Aerospace Science and Technology Group on the 20th that recently, the Tiangong Space Station electric propulsion system gas cylinder completed the on-orbit installation task. For the first time, the 801 institute of the institute used "ventilation" to complete the supplement of xenon propellant for the electric propulsion system.

● Chinese scientists have introduced asynchronous matching technology and response filtering methods into quantum communication, creating a new record of intercity quantum key rate-quantum key rate exceeding 57000 bits per second at a transmission distance of 201 kilometers and 5000 bits per second at a transmission distance of 306 kilometers. The relevant results were published in the international academic journal Physical Review Letters on the 20th.

● On the 20th, China's first all-in-one railway bridge replacement and transportation frame "Taihang" was officially put into use. It successfully completed all the "replacement, transportation and construction" operations of railway concrete T-beams within the 4-hour "skylight period" of Shuohuang Railway. This is the first time that China has realized continuous line and non-stop operation on the operating railway and completed the replacement of existing bridges.

The reporter learned from China National Railway Group Co., Ltd. on the 20th that from 0:00 on July 1, the national railway will implement a new train diagram. After the map adjustment, the national railway arrangement map has 10592 passenger trains, 46 more than the current map; 22182 freight trains are operated, 394 more than the current map, and the railway passenger and freight transportation capacity, service quality and operation efficiency are further improved.

●On the occasion of the first anniversary of the Global Development High-level Dialogue, the "Progress Report on the Implementation of the Global Development Initiative" compiled by the China International Development Knowledge Center was released in Beijing on the 20th.

●On the 20th, the Chinese men's national team defeated the Palestinian team 2:0, ending the two international match days in June with a total victory in two games without losing a goal. National football coach Jankovic said after the game that the victory of the two friendly matches will help the team improve confidence, but as the head coach will continue to focus on correcting the problems exposed by the team in the game.

●On the 20th, the opening ceremony of the National Hemei Rural Basketball Competition was held in Taicang Village, Taijiang County, Qiandongnan Miao and Dong Autonomous Prefecture, Guizhou Province.

Recently, with the increasing trend of monkeypox cases in some parts of Asia, a small number of cases have also appeared in some cities such as Beijing and Guangzhou, which have been interpreted by experts organized by the National Health Commission and the State Administration for Disease Control and Prevention. The person in charge of the Health Emergency Center of the Chinese Center for Disease Control and Prevention said that my country has built a multi-channel monitoring and early warning system for monkeypox, and continued to carry out risk assessment and timely reporting. The next step will be to strengthen health education for key populations, and promote key populations to take precautions and seek medical treatment in time. It is reported that in order to detect patients as soon as possible, China has established a monitoring and early warning system for monkeypox through multiple channels, including monitoring of inbound personnel. Require national medical institutions to inquire about epidemiological history in time after finding monkeypox-like patients in skin and venereal diseases clinics and AIDS consultation and testing clinics, collect specimens in time and send them to relevant laboratories for testing. Health education should be carried out for key groups, such as men who have sex with men.

Fan Yifei, former member of the Party committee and vice president of the people's Bank of China, was suspected of taking bribes, which was investigated by the State Supervision Commission and transferred to the procuratorial organ for examination and prosecution. A few days ago, the Supreme People's Procuratorate made a decision to arrest Fan Yifei on suspicion of accepting bribes. The case is being processed further.

§International

●On the morning of June 20, local time, Premier Li Qiang of the State Council co-chaired the seventh round of Sino-German government consultations with German Prime Minister Scholz at the Prime Minister's Office in Berlin.

●On the afternoon of June 20, local time, Premier Li Qiang of the State Council and German Prime Minister Scholz attended the closing ceremony of the 11th China-Germany Economic and Technological Cooperation Forum in Berlin and delivered a speech. More than 200 representatives from Chinese and German economic and business circles attended the forum.

The member states of the United Nations adopted an agreement at the United Nations headquarters in New York on the 19th to strengthen the protection of marine biodiversity in areas beyond the jurisdiction of various countries, which cover more than 2/3 of the world's oceans.

●The World Trade Organization Secretariat opened the proposal submitted by China to the WTO Committee on Trade and Environment in Geneva on the 19th. Taking the carbon border adjustment mechanism recently adopted by the European Union as an example, China proposes to give better play to the supervision and review function of the WTO and conduct multilateral thematic discussions on environmental policies that have a significant impact on trade.

● On the 19th, the 54th Paris-Bourget International Aerospace Exhibition opened at Bourget Airport on the outskirts of Paris, France.

●Finland's new coalition government was sworn in on the 20th, with Petri Orbo, chairman of the National Coalition Party, as prime minister.

● The German government allowed Intel Corporation of the United States to build two new chip factories in Magdeburg, Saxony-Anhalt, Germany on the 19th.

●According to a report by the Dhaka Tribune of Bangladesh on the 19th, Bangladesh has formally applied to join the BRICS cooperation mechanism. The expansion of the BRICS countries has once again attracted widespread attention.

The US Coast Guard said on the 19th that a US deep-sea submersible carrying five people disappeared while diving to investigate the wreckage of the Titanic on the 18th, and the US and Canadian Coast Guards are searching and rescuing.

The focus of Jiefang Daily today

※ the 1st edition to do a good job in the transformation of research results and do a good job in the "second half of the article"

※ Version 1 Remodeling Velocity-Quality Relationships

※ 3 Edition Creates New Cultural Life

※ 5 edition rushed to the "ecological city" to promote the harmonious coexistence of people and animals