September 24, 2024 (Tuesday) Three-Minute Evening News

Release time：

2024-09-24

September 24, 2024 (Tuesday) Three-Minute Evening News

1) The People's Bank of China announced today: a 20 basis point cut in policy interest rates; a 0.5 percentage point reduction in the reserve requirement ratio, providing approximately RMB 1 trillion in long-term liquidity to the financial market; a reduction in existing mortgage interest rates, with an estimated average reduction of around 0.5 percentage points; and the unification of the minimum down payment ratio for mortgages, reducing the minimum down payment ratio for second-home loans nationwide from 25% to 15%.

2) China will create new monetary policy tools to support the stable development of the stock market; the state plans to increase capital for six major commercial banks; this year, the total investment in equipment renewal projects supported by national debt funds is nearly RMB 800 billion.

3) The Ministry of Finance and the Ministry of Emergency Management have again pre-allocated RMB 310 million in central natural disaster relief funds, focusing on supporting Zhejiang, Jiangsu and other provinces (autonomous regions and municipalities) in carrying out emergency rescue and disaster relief work for flood prevention and typhoon prevention.

4) China's Taiyuan Satellite Launch Center successfully launched eight satellites, including Tianyi-41 and Xingshidai-15, using a Jielong-3 carrier rocket in the waters near Haiyang, Shandong.

5) At the recently concluded 47th WorldSkills Competition, the Chinese delegation won 36 gold medals, 9 silver medals, 4 bronze medals and 8 excellence awards, ranking first in the gold medal list, medal list and overall team score.

6) Ministry of Ecology and Environment: Promoting the rapid rise of the central region through high-level protection.

7) Reservations are required in advance for the National Day holiday flag-raising ceremony at Tiananmen Square.

8) The Phase II project of the Tianjin-Xingtai Intercity Railway has begun joint commissioning and testing.

9) Closing prices today:

Shanghai Composite Index 2863.13/+ 4.15%

Shenzhen Component Index 8435.70/+ 4.36%

ChiNext 1615.32/+ 5.54%

Hang Seng Index 19000.56/+ 4.13%

1) President Xi Jinping's special representative, Wang Yi, attended the United Nations Future Summit. In New York, Wang Yi met separately with Japanese Foreign Minister Yoshimasa Hayashi and Lebanese Foreign Minister Abdallah Bou Habib. China and Switzerland officially launched negotiations to upgrade their free trade agreement.

2) The first China-Laos-Thailand multimodal transport "single-ticket" freight train departed from Kunming. The UN Secretary-General called for an immediate de-escalation of the Lebanon-Israel situation and for all efforts to be made to find a diplomatic solution.

2) The Governor of California signed a bill restricting the use of mobile phones by primary and secondary school students.

2) Israeli large-scale air strikes on multiple locations in Lebanon have resulted in 492 deaths. Israeli Prime Minister Netanyahu: Israel will change the balance of power on the northern front.

2) UK Chancellor: The government will not return to austerity measures. The Reserve Bank of Australia kept its benchmark interest rate unchanged for the seventh consecutive time.

2) Japan's largest passenger railway company admits to data falsification; East Japan Railway Company has long concealed violations.

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