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September 25, 2024 (Wednesday) Three-Minute News Breakfast

Release time：

2024-09-25

September 25, 2024 (Wednesday) Three-Minute News Breakfast

1) On September 24, the central bank announced: 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 housing loan interest rates, with an estimated average reduction of around 0.5 percentage points; and the unification of the minimum down payment ratio for housing loans, reducing the national minimum down payment ratio for second-home loans from 25% to 15%.

2) The General Offices of the CPC Central Committee and the State Council issued opinions on strengthening farmland protection, improving farmland quality, and improving the balance between occupation and compensation. In 2024, the central government will allocate RMB 300 million in guiding funds to support the development of elderly meal assistance services. Ministry of Civil Affairs: China's elderly care service system has been initially established; focusing on meeting the dining needs of elderly people with special difficulties, such as those who are high-aged, empty-nesters, living alone, or disabled.

3) Ding Xuexiang attended the opening ceremony of the 21st China-ASEAN Expo and delivered a speech.

4) On September 24, China's Taiyuan Satellite Launch Center successfully launched eight satellites using a Jielong-3 carrier rocket in the waters near Haiyang, Shandong.

5) 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, municipalities) in carrying out emergency rescue and disaster relief work for flood control and typhoon prevention.

6) Ministry of Ecology and Environment: Promoting the rapid rise of the central region through high-level protection. Over the past ten years, 620,000 square kilometers of soil and water loss have been controlled nationwide.

7) [Rule of Law] The Supreme People's Procuratorate decided to arrest Liu Yuejin, a member of the 13th National Committee of the Chinese People's Political Consultative Conference, who once presided over the "Mekong River Massacre." Guizhou held 75 relevant responsible persons accountable for the major fire accident at Shanjiaoshu Coal Mine. Fifteen people, including the legal representative and president of Wuxi Hongqiao Hospital, have been subjected to criminal coercive measures. Police report on a couple charging for guiding cars in Jiuzhaigou: they were given administrative detention for 10 and 7 days respectively.

8) [Military] Excellent! Our peacekeeping infantry battalion has passed the UN combat readiness assessment with high standards.

9) [Hong Kong and Macao] Giant pandas An An and Ke Ke will arrive in Hong Kong on September 26, and a naming competition will be held in Hong Kong.

10) [Taiwan] A former deputy commander of the Taiwan Air Force revealed three phenomena regarding US arms sales to Taiwan: the latest ones are not sold, those already paid for are delayed, and our unwanted ones are clearing out stock.

1) On September 23, local time, President Xi Jinping's special representative and Foreign Minister Wang Yi attended the UN Future Summit in New York and delivered a speech. In New York, Wang Yi met separately with Lebanese Foreign Minister Abdallah Bou Habib, Japanese Foreign Minister Yoshimasa Hayashi, and Indonesian Coordinating Minister Luhut Binsar Pandjaitan.

PVH Group in the US has unreasonably boycotted Xinjiang cotton, and China has launched an investigation into PVH Group on the unreliable entity list. China and Switzerland have officially launched negotiations to upgrade their free trade agreement. Ministry of Foreign Affairs: Eliminating the harm of Japanese legacy chemical weapons is an inescapable historical, political, and legal responsibility of Japan.

2) The first China-Laos-Thailand multimodal transport "single-ticket" freight train departed from Kunming. The second "Hanfu Festival" was held in Serbia. 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.

3) New developments in the investigation into the assassination attempt on Trump, the suspect's confession letter was exposed: I let you down, but I did my best. Labor disputes at ports on the US East Coast and the Gulf Coast are entering a critical stage, with strikes possibly starting on October 1. The governor of California signed a bill restricting the use of cell phones by primary and secondary school students. A US agent shot himself while on duty, and the Secret Service called it an "accidental discharge".

4) The Russian army dropped a 3-ton heavy bomb on Ukrainian troops within Russian territory: the smoke column rose to a height of thousands of meters.

The Ukrainian president said he would discuss the "victory plan" with his allies, and the Russian side said it would treat the relevant information cautiously. Zelensky said that the Russia-Ukraine conflict will be closer to an end than imagined.

5) As of September 23, local time, the large-scale air strikes launched by the Israeli army against multiple locations in Lebanon have resulted in 492 deaths and 1645 injuries. After the air strikes on Lebanon, the Israeli government declared a state of emergency nationwide. Israeli Prime Minister Netanyahu: To protect Israeli citizens from attacks by Hezbollah in Lebanon, Israel must respond with force to change the security balance and power balance on the northern front. Hezbollah in Lebanon used long-range rockets to strike targets in northern Israel. Foreign media: An Israeli military spokesperson said that the possibility of ground operations in Lebanon cannot be ruled out, and US officials have expressed opposition.

6) France's new government has officially started operating, and Macron vowed to usher in a new era. British Chancellor of the Exchequer: The government will not return to austerity fiscal policy. The Reserve Bank of Australia has kept its benchmark interest rate unchanged for the seventh consecutive time.

7) Japan accused Russian military aircraft of violating its airspace three times in one day and fired flares in response for the first time. Japan's largest passenger railway company admitted to data falsification. A 5.9-magnitude earthquake and tsunami occurred in the waters near Tori-shima Island, Japan.

8) Argentina announced an arrest warrant for Venezuelan President Maduro. Amarasuriya assumed office as Prime Minister of Sri Lanka. The President of Azerbaijan said that it will pursue an independent and proactive foreign policy.

9) 30 bodies were found on a migrant boat in Senegalese waters, and the bodies were so badly decomposed that they were difficult to identify.

1) 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.

2) PBOC Governor Pan Gongsheng responded to cross-bank transfer and mortgage of existing housing loans: In the initial stage, the transfer and mortgage will be implemented within the bank first, and then consider whether cross-bank transfer and mortgage are needed; localities can implement differentiated policies based on local conditions and independently determine the lower limit of the minimum down payment ratio in their jurisdictions. Pan Gongsheng: The stabilization fund is under research.

3) The CSRC is studying and drafting a draft solicitation of opinions on market value management to further guide listed companies to pay attention to their own investment value. The CSRC issued "Opinions on Deepening the Reform of the Market for Mergers and Acquisitions of Listed Companies." The Shanghai and Shenzhen Stock Exchanges revised the review rules for major asset restructuring.

4) The Financial Regulatory General Bureau: Expanding the pilot scope of equity investment by financial asset investment companies.

5) Suspected of manipulating the securities market, the actual controller of Haozhi Electromechanical was fined RMB 100 million. Gaode Map and Baidu Map apologized: They were summoned for recommending dishonest home appliance repair merchants to obtain false benefits.

6) Yesterday's closing prices:

Shanghai Composite Index 2863.13/+4.15%

Shenzhen Component Index 8435.70/+4.36%

ChiNext Index 1615.32/+5.54%

Hang Seng Index 19000.56/+4.13%

1) Ministry of Human Resources and Social Security: Will expedite the formulation and improvement of supporting policies and measures for the "Decision on the Gradual Implementation of Delayed Statutory Retirement Age." Ministry of Human Resources and Social Security: Will expand the pilot program for occupational injury protection for those in new forms of employment.

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

3) On September 24, the Henan Provincial Institute of Cultural Relics and Archaeology released its latest research findings, revealing the first reconstruction of the appearance of Yangshao people from over 5,000 years ago. Among them, the Yangshao-era individual was a male of around 40 years old, approximately 5,600 years ago; the Longshan-era individual was a male of around 50 years old, approximately 4,000 years ago.

4) The China Writers Association and the China Association for Science and Technology jointly released the "Three-Year Action Plan for Scientific and Literary Assistance to New Productivity."

5) Rural areas are no longer unnamed; China has standardized the naming of 430,000 rural place names.

6) 11,175! Dalian Laotianshan sets a new record for the number of migratory raptors in a single day on the Chinese mainland.

1) Reservations are required in advance for the National Day holiday Tiananmen Square flag-raising ceremony. Beijing's 3-yuan breakfast buffets, small dishes, soft and light meals…upgraded senior-friendly restaurants are popular.

2) Shanghai Disneyland will implement a new real-name ticket purchase system: one ID card can only purchase one ticket on the same day.

3) The Phase II project of the Tianjin-Xingtai Intercity Railway has begun joint debugging and testing. Shenzhen's total social electricity consumption increased by 7.4% year-on-year from January to August.

4) Hunan Province strictly prohibits persuading students facing academic difficulties to abandon exams for the sake of improving school rankings; teachers are prohibited from using students to gain online followers. A fire-fighting officer in Changsha was disciplined for "siphoning fuel from the fire station to his private vehicle."

5) A world-class bridge in Guizhou has become a "check-in point" for international extreme sports enthusiasts.

The best time to view the Populus euphratica forest in Inner Mongolia is around October 13.

6) Typhoon "Bebinca" caused disasters in 69 townships in Shangqiu, Henan.

7) There is still relatively strong rainfall in southern Sichuan and other areas; a strong cold air mass will affect most of China from west to east after the 26th. From 8 pm on September 24 to 8 pm on September 25, there will be moderate to heavy rain in parts of southern Sichuan, northeastern Yunnan, eastern Fujian, central and southwestern Guangdong, western Heilongjiang, and southern Tibet.

1) 10 am and 4 pm are the best times to sunbathe. It is advisable to expose the back, legs, and head to the sun for 15-20 minutes each time to help with calcium absorption and improve immunity.

2) Traditional Chinese medicine believes that the ears are where the meridians of the whole body converge. "The ears are where the meridians gather," and "the five internal organs and six bowels, and the twelve meridians are connected to the ears." All parts of the body are closely connected to the auricle through meridians. Massaging the auricle can open up the meridians throughout the body, activate the internal organs, especially the kidneys.

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