Three-minute news, June 3, 2023 (Saturday)

Domestic:

1) On June 2, Xi Jinping emphasized at a symposium on the inheritance and development of culture the importance of shouldering a new cultural mission and striving to build a modern Chinese civilization. On June 2, Premier Li Qiang presided over an executive meeting of the State Council, listening to a report on the progress and next steps of optimizing the business environment, studying policy measures to promote the high-quality development of the new energy vehicle industry, and discussing and in principle approving the "Draft of the People's Republic of China's Pre-school Education Law."

2) On June 2, the Shenzhou XV and Shenzhou XVI astronaut crews held a handover ceremony. The Shenzhou XV astronaut crew has completed all its predetermined tasks and will return to the Dongfeng landing site on Sunday aboard the Shenzhou XV spacecraft.

3) [Rule of Law] The Standing Committee of the National People's Congress launched a law enforcement inspection of the Science and Technology Progress Law. Public security organs cracked down on "racing and street disturbances." The Supreme People's Procuratorate decided to arrest Ji Guogang, former vice chairman of the Standing Committee of the People's Congress of the Tibet Autonomous Region. Wang Yingchun, former director of the Agricultural and Rural Affairs Committee of the Standing Committee of the Anhui Provincial People's Congress, is under disciplinary review and supervisory investigation. Wang Rongsheng, former secretary of the Discipline Inspection Commission of the Gansu Provincial Rural Credit Union, is suspected of serious disciplinary violations and is under investigation. A person who was threatened with a forged court summons exposed the unscrupulous collection methods of Yongxiong employees. A murder case occurred in Nantong, Jiangsu Province, where a mother and son were killed; police reported that the suspect has surrendered.

4) Ministry of Water Resources and National Development and Reform Commission: Promote the implementation of the "National Water Network Construction Planning Outline." China's South-to-North Water Diversion Group: Since the water diversion of the East Route of the South-to-North Water Diversion Project, 25 large and medium-sized cities along the route have benefited 83.59 million people. The 2023 replenishment task for the entire Beijing-Hangzhou Grand Canal has been successfully completed.

The Ministry of Transport and the Ministry of Agriculture and Rural Affairs launched a special operation to prevent and curb major collisions between merchant and fishing vessels. The nationwide large-scale wheat harvesting during the "three summers" has been fully launched.

5) China's independently developed fourth-generation nuclear power safety production management system ASP-1 has passed acceptance. In the first five months, the western land-sea new channel trains transported 350,000 TEUs of goods, a year-on-year increase of 12%.

6) Ruan Xiuying, a survivor of the Nanjing Massacre, passed away on May 31 at the age of 90; Yang Jingqiu passed away on June 1 at the age of 94. New evidence! The roster of personnel of the Unit 731 of the invading Japanese army was made public for the first time.

7) The Yangtze River main line BeiDou satellite ground-based augmentation system has been officially put into operation, and the accuracy of ship navigation can reach the sub-meter level.

8) [Military] Chinese Defense Minister Li Shangfu shook hands with US Defense Secretary Austin at the Shangri-La Dialogue dinner. During a meeting between the Chinese and Singaporean defense ministers, Li Shangfu talked about the Taiwan issue, emphasizing three "never"s: never allow the DPP authorities to "seek independence by relying on foreign countries," never allow external forces to "use Taiwan to contain China," and never promise to give up the use of force.

9) [Hong Kong and Macao] The Hong Kong Special Administrative Region government issued nearly US$6 billion in green bonds, for the first time including a 10-year RMB bond.

10) [Taiwan] The US and the Taiwan authorities signed a relevant agreement; the Ministry of Foreign Affairs urged the US to immediately revoke the so-called "initiative" and "agreement." The chairman of JPMorgan Chase plans to visit the mainland and then Taiwan; the Ministry of Foreign Affairs responded: China's position on the Taiwan issue is consistent and very clear.

International:

1) Zhao Leji met with Sergio Massa, Speaker of the Argentine House of Representatives. At the invitation of the government of the Republic of Turkey, Ding Zhongli, special envoy of President Xi Jinping and vice chairman of the Standing Committee of the National People's Congress, will travel to Turkey to attend the inauguration ceremony of President Erdogan on June 3 in Ankara. Li Hui, China's special representative for Eurasian affairs, briefed ambassadors to China on his visits to Russia, Ukraine, and other countries: all parties spoke positively of China's efforts to promote peace talks, praising China's sincere desire and contribution to promoting a peaceful resolution of the crisis.

Former US Secretary of State Henry Kissinger celebrated his 100th birthday, and Chinese Ambassador to the US Xie Feng recently held a birthday banquet for him.

The "Chinese Dragon" sculpture was unveiled at the Panthéon in Paris, marking the beginning of a Sino-French cultural journey.

China and Argentina signed a cooperation plan for jointly building the "Belt and Road" initiative. RCEP came into full effect for 15 signatory countries: injecting strong impetus into regional economic integration.

2) China was elected vice-chair of the Conference of States Parties to the 1970 UNESCO Convention for the first time. UNESCO announced the five winners of the 2023 World's Outstanding Women Scientists Award; the award ceremony will be held on June 15. A diplomat from Trinidad and Tobago was elected president of the 78th session of the UN General Assembly.

International Energy Agency: China will contribute 55% of the global renewable energy capacity growth in the next two years. The second European Political Community Leaders' Meeting was held in Moldova to discuss European security, energy resilience, and interconnectivity. A meeting of the Council of Heads of Security and Intelligence Agencies of the CIS countries was held in Minsk.

3) The 103rd time! The US Congress once again adjusted the debt ceiling. The US added 339,000 non-farm jobs in May, far exceeding market expectations. While attending a ceremony, Biden tripped over a sandbag and fell on the podium.

Trump responded: This is not at all inspiring. Foreign media: Trump said in an interview that he is too popular, to the extent comparable to the Mona Lisa. After falling at an event, Biden hit his head again when getting off a helicopter, and even showed off a quick run in front of reporters. Florida Governor Ron DeSantis, a Republican presidential candidate, lashed out at an Associated Press reporter who questioned him, repeatedly asking: "Are you blind?". US Secretary of State Blinken: The US will open a diplomatic office in a Norwegian Arctic town. Pirate behavior! The US military once again deployed dozens of oil-theft vehicles to steal Syrian oil.

4) Russia is caught in a "ruble trap," and negotiations with India are at a standstill. Macron said that there is nothing to talk about with Putin at the moment. The President of Serbia and the leader of the Kosovo authorities held a brief meeting on the tense situation in Kosovo. The President of Belarus signed a decree to promote the production and use of traditional Chinese medicine.

5) Japan's 2022 newborn population hit a record low, falling below 800,000 for the first time since statistics began. Philippine Secretary of Trade and Industry: Welcomes Chinese companies to participate in the development of offshore wind power in the Philippines and looks forward to the early implementation of bilateral cooperation projects.

6) A royal wedding was held between a Saudi Arabian heiress and the Jordanian crown prince.

India successfully test-fired the Agni-1 ballistic missile.

7) A truck and bus collision in Botswana resulted in 22 deaths and 7 injuries. Cough syrup from India is suspected of causing the deaths of children in multiple countries, and Gambia is considering filing an international lawsuit.

8) Astronomers using the Webb Space Telescope have confirmed that a faint galaxy, designated JD1, is a typical galaxy from the early universe.

Finance and Securities:

1) The fiscal system is organizing the application for the second batch of special bond projects in 2023: 13 fields can use special bonds as registered capital. Several village and township banks have lowered their long-term fixed deposit interest rates, with the reduction ranging from 5 to 24 basis points.

2) "Reduced quantity and improved quality" of land supply. In the first five months, the average floor price of residential land transactions in 300 Chinese cities increased by 28% year-on-year. Qingdao: The condition for selling newly built commercial houses has changed from a 5-year network signing to 3 years, and the minimum down payment ratio for the first set in non-restricted areas has been adjusted to 20%. Rare! Liu Zongbo, former president of Qingdao Rural Commercial Bank, and Jiang Wei, former chief risk officer, were rated "unqualified" in their annual performance appraisal.

3) CSRC: Foreign capital has maintained an inflow trend into A-shares this year, with a net inflow of 170 billion yuan through the Shanghai-Shenzhen Stock Connect from January to May. More than 70 listed companies have been investigated, with information disclosure violations being the main reason, and the regulatory "zero tolerance" has been upgraded. The SSE decided to list and trade the Sci-Tech 50 ETF options on June 5.

4) Chengdu encourages the development of the AI industry: 19 financial support measures have been proposed, with a maximum award of 10 million yuan. The China Telecom Lingang Computing Power Smart Computing Public Service Platform and the Domestic GPU Innovation Joint Base were launched. New energy vehicle data for May was released, with BYD's cumulative sales exceeding one million.

5) Yesterday's closing prices: