Three-minute news, Wednesday, June 14, 2023

Domestic

1) The Central Committee of the CPC and the State Council issued "Opinions on Building a High-Quality and Balanced Basic Public Education Service System".

2) The National Development and Reform Commission and three other departments deployed key tasks for cost reduction in 2023, reducing the burden on enterprises in terms of taxes, fees, loans, and land use.

3) [Rule of Law] The Supreme People’s Procuratorate: Supporting the prevention and resolution of financial risks with procuratorial power. The Ministry of Justice deployed the 2023 International Day Against Drug Abuse and Illicit Trafficking publicity activities. Xu Baoyi, former vice general manager of China Grain Reserves Corporation, was sentenced to 17 years in the first instance. Liu Ran, deputy director of the Second Supervision and Inspection Office of the Central Commission for Discipline Inspection and the National Supervisory Commission, was "double-opened" and his suspected criminal issues were transferred to the procuratorial organs for legal review and prosecution. Xu Shiping, former editor-in-chief of Shanghai Oriental Network Co., Ltd., was expelled from the Party and removed from public office. Song Tongfa, former vice general manager of Anhui Provincial Investment Holding Group, was expelled from the Party. Jiang Ge's mother: Liu Xin appealed for retrial after disagreeing with the second-instance judgment.

4) China National Space Administration: Chang'e-6 will carry payloads from Europe and France. China also presented France with a certificate of lunar scientific sample donation.

6) The cost of nursing care is higher than the self-paid medical expenses. Experts suggest: Cancel nursing care and accelerate the implementation of the medical nursing staff system.

7) June 14 is the 20th World Blood Donor Day. Experts suggest that scientifically understanding blood transfusion and donating blood in moderation is harmless to health. We hope that more members of the public will join the ranks of voluntary blood donors to ensure the safe supply of clinical blood.

8) [Military] Salute! Soldiers of a certain synthetic battalion of the Xinjiang Military Region are still patrolling in the snow at an altitude of 5200 meters in June.

The automobile detachment of a certain general station of the navy launched a series of exercises. A certain regiment of the Beijing Garrison District guided the staff to strengthen the study of confidentiality regulations.

9) [Hong Kong and Macao] The "cross-border one-lock" rapid customs clearance between Hunan, Guangdong, and Hong Kong was launched in Changsha. Hong Kong's export index rose to 47.8 in the second quarter, reaching a near two-year high.

10) [Taiwan] Many groups in Taiwan held rallies to protest against Japan's plan to discharge nuclear-contaminated water, demanding that the DPP authorities say "no" to Japan.

International

1) On the morning of June 13, Premier Li Qiang met with Honduran President Castro.

Castro visited Tiananmen Gate Tower, accompanied by Hua Chunying and others. Wang Huning met with Nepali Federal Parliament Chairman Timilsina. On the morning of June 13, Palestinian President Abbas arrived at Beijing Capital International Airport, officially starting his four-day visit to China. The US Department of Commerce added 31 Chinese companies to the "Entity List." The Ministry of Foreign Affairs: We firmly oppose this and demand that the US immediately correct its wrong practices of politicizing, instrumentalizing, and weaponizing trade, technology, and other issues under the guise of military and human rights issues. The Ministry of Foreign Affairs responded to the US plan to rejoin UNESCO: The US cannot treat joining international organizations as visiting a park; it cannot come and go as it pleases. The "Patriotic Revolutionary Alliance" in the Central African Republic ambushed the national defense forces. The Chinese Embassy in the Central African Republic: Urge all Chinese citizens to evacuate as soon as possible!

2) The third China-Africa Economic and Trade Expo will be held in Changsha from June 29 to July 2, with more than 1350 exhibitors, a 55% increase from the previous session. UNESCO, headquartered in Paris, will vote in July on whether to allow the United States to rejoin. United Nations Development Programme report: Gender bias remains "deep-rooted" over the past 10 years. The United Nations successfully assisted the Yemeni oil tanker "Safer" in obtaining insurance. The Global High-Level Forum on Human Rights Governance will be held in Beijing from June 14 to 15. The fifth World Biosphere Reserves Congress will be held in Hangzhou, China in 2025.

3) Toothache kept me up all night! Biden underwent root canal treatment and postponed his meeting with NATO Secretary-General Stoltenberg. A US reporter questioned Biden's poor brushing habits. White House press secretary: I am not a dentist and cannot answer what caused Biden to need root canal treatment, and there is nothing to say. Trump arrived in Florida to prepare for court appearance on the eve of his 77th birthday, with police on high alert. Former White House chief of staff estimated Trump's sentence to be around 500 years: He will spend the rest of his life in prison. US media reported: The Biden administration wants to extend the exemption to allow South Korean and Taiwanese chip companies to maintain their business in mainland China. US military: A helicopter crashed in Syria, injuring 22 US soldiers. US CPI rose 4% year-on-year in May, down for the 11th consecutive time, hitting a new low since March 2021. US researchers screened over 100 million compounds in one day, and the AI language model (ConPLex) "sped up" drug discovery. Musk responded that artificial intelligence can save the world: How many years until it destroys us? Humans are already half-robots.

4) Putin inspected a military hospital of the Russian Ministry of Defense, moving a chair himself to talk with the wounded. The improvement of Russian weapons and tactical improvements pose a challenge to Ukraine's counteroffensive, with Ukrainian troops reportedly making little progress and suffering heavy losses. Ukrainian troops forcibly conscripted on the streets: A man was knocked unconscious and dragged away after refusing. Two Russian oil tankers collided on the Lena River, causing an oil spill.

Serbian President Vucic: The Russia-Ukraine conflict has not yet reached its "peak" of escalation, and he is worried about further escalation.

5) The leaders of France, Germany, and Poland met in Paris to discuss the situation in Ukraine. NATO's largest air exercise was met with protests and raised concerns among German airlines. UK Prime Minister Sunak recently engaged in a public spat with former Prime Minister Johnson, focusing on Johnson's controversial nomination of his key political allies. On Tuesday, three attacks occurred in Nottingham, UK, resulting in three deaths and three injuries. A 31-year-old man was arrested on suspicion of murder. Prime Minister Sunak expressed "shock." When French President Macron welcomed the President of Madagascar, a guard fainted due to the heat.

7) Japan's nuclear wastewater discharge may turn into rain and fall all over the world! South Korean fishermen: "We won't fish for now, let's go to Seoul!" 3,000 people in South Korea protested against the discharge of Fukushima nuclear wastewater.

8) Venezuela and Iran signed several bilateral cooperation agreements. Cuban Foreign Minister: The US launched a new round of "rumor-mongering" against Cuba.

Finance and Securities

1) On June 13, the central bank conducted a 2 billion yuan 7-day reverse repurchase operation through a bidding process, with a winning bid rate of 1.90%, down 10 basis points from the previous rate. This is the first adjustment to the 7-day reverse repurchase operation rate since August 2022. The central bank's latest Standing Lending Facility (SLF) interest rate table shows that, as of June 13, the overnight SLF rate is 2.75%, the 7-day rate is 2.90%, and the 1-month rate is 3.25%. All three rates have decreased by 10 basis points. Central Bank: RMB deposits increased by 1.46 trillion yuan in May, and loans increased by 1.36 trillion yuan.

2) The China Securities Regulatory Commission (CSRC): A package of policies is being formulated around key areas such as investment-side reforms.

3) The National Development and Reform Commission (NDRC): China plans to build and cultivate more than 10,000 industry-education integration enterprises.

4) A new round of refined oil price adjustment window opened at 24:00 on June 13, with gasoline prices down 55 yuan/ton and diesel prices down 50 yuan/ton. The Ministry of Commerce is publicly soliciting opinions on the Measures for the Administration of Refined Oil Circulation. 5) India has issued a formal notice that more than 4.8 billion yuan of Xiaomi's funds may be confiscated by India. Qualcomm to resume supplying 5G chips to Huawei? Huawei's executive director Yu Chengdong: Fake news.

6) Yesterday's closing prices:

Shanghai Composite Index: 3233.67/+0.15%

Shenzhen Component Index: 10955.96/+0.76%

ChiNext Index: 2166.96/+0.68%

Hang Seng Index: 19521.42/+0.60%

Culture, Education, Sports, and Entertainment

1) On June 13, the central bank conducted a 2 billion yuan 7-day reverse repurchase operation through a bidding process, with a winning bid rate of 1.90%, down 10 basis points from the previous rate. This is the first adjustment to the 7-day reverse repurchase operation rate since August 2022. The central bank's latest Standing Lending Facility (SLF) interest rate table shows that, as of June 13, the overnight SLF rate is 2.75%, the 7-day rate is 2.90%, and the 1-month rate is 3.25%. All three rates have decreased by 10 basis points. Central Bank: RMB deposits increased by 1.46 trillion yuan in May, and loans increased by 1.36 trillion yuan.

2) The China Securities Regulatory Commission (CSRC): A package of policies is being formulated around key areas such as investment-side reforms.

3) The National Development and Reform Commission (NDRC): China plans to build and cultivate more than 10,000 industry-education integration enterprises.

4) A new round of refined oil price adjustment window opened at 24:00 on June 13, with gasoline prices down 55 yuan/ton and diesel prices down 50 yuan/ton. The Ministry of Commerce is publicly soliciting opinions on the Measures for the Administration of Refined Oil Circulation. 5) India has issued a formal notice that more than 4.8 billion yuan of Xiaomi's funds may be confiscated by India. Qualcomm to resume supplying 5G chips to Huawei? Huawei's executive director Yu Chengdong: Fake news.

6) Yesterday's closing prices:

Shanghai Composite Index: 3233.67/+0.15%

Shenzhen Component Index: 10955.96/+0.76%

ChiNext Index: 2166.96/+0.68%

Hang Seng Index: 19521.42/+0.60%