China's securities regulator pledges improved supervision standards, malpractice crackdown | News from Xinhua

02-23,2024

BEIJING, Feb. 22 (Xinhua) -- The China Securities Regulatory Commission (CSRC) on Thursday said that it will guide the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the China Financial Futures Exchange to strengthen their standards of supervision for abnormal transactions, and that it will crack down on illegal activities such as market manipulation and insider trading in accordance with laws and regulations.In a statement on its website, the CSRC said that these efforts are for maintaining the market's normal trading order."Regulatory authorities do not interfere with normal market transactions, and we seek to protect investors' rights to fair and free transactions in accordance with the law. However, we will resolutely crack down on illegal activities that disrupt the market trading order, in accordance with laws and regulations," the statement said.Recently, the Shanghai and Shenzhen stock exchanges took regulatory measures to crack down on the abnormal trading behavior of an institution in accordance with regulations, the CSRC statement said."That's fulfilling their trading supervision responsibilities, not limiting share selling," said the CSRC statement.On Feb. 19, the Shanghai and Shenzhen stock exchanges issued separate statements that named Lingjun Investment, a major quant fund, as an entity that had disrupted orderly market trading. The exchanges also announced penalties for the company, including open censure and a restriction on trading for a stated period of three days.Notice:The above content is transferred here just for information sharing.We respect your intellectual property right and your other lawful rights.As any content here violates any of your lawful rights, please contact us, and we will delete related content.

Longgang District Conference on the Promotion of the High-quality Development was Held (02.20)

02-21,2024

On Feb.18, Guangdong Provincial Committee of CPC and the People’s Government of Guangdong Province held Guangdong Provincial High-quality Development Conference, for promoting innovation, making future plan, strengthening real economy especially the manufacturing industry, to promote Guangdong Province’s continuous high-quality development.On Feb.19, Shenzhen Municipal Conference on the Promotion of the High-quality Development was held, to make working plan and arrangement for the city’s high-quality development.On Feb. 20, Longgang District held the Conference on the Promotion of the High-quality Development.The conference gave the summary about Longgang District’s high-quality development in the year of 2023 and publicized Longgang District’s Ten Plans for the Promotion of the High-quality Development.Zhang Liwei -- the secretary of Longgang District Committee of CPC attended the conference and gave his speech. Wang Cefei -- the deputy secretary of Longgang District Committee of CPC and the head of Longgang District presided over the conference. Gong Zubing -- the director of the standing committee of Longgang District People’s Congress, Tang Xiangqun -- the president of Longgang District Committee of China People’s Political Consultative Conference, as well as other leaders and representatives, attended the conference.Zhang Liwei -- the secretary of Longgang District Committee of CPC stressed that the year of 2024 is the 75th anniversary of the founding of People’s Republic of China and is key for completing China’s Fourteenth Five-Year Plan. Making working plans and arrangement at the beginning of the year is of great significance.Longgang District should learn from Xi Jinping’s speech on the promotion of the high-quality development, follow the guidance from Guangdong’s and Shenzhen’s conferences on the high-quality development, and take actions to achieve the district’s high-quality development, to build the international, modern and innovative center in the east Shenzhen, and to make a contribution to China’s modernization, Zhang Liwei expressed.

In 2023, Longgang District’s GDP = 504.303 billion yuan

02-05,2024

Longgang District’s GDP of the year 2023 reached 504.303 billion yuan specifically, surpassing 500 billion yuan for the first time.While the district’s GDP increased by 6.3%, the added value of the above-scale industry in Longgang District increased by 5.5% and the total investment in fixed asset increased by 5.2%, ranking the third in Shenzhen.Besides, the industrial investment of Longgang District increased by 59.5%, topping the districts in Shenzhen.

Shenzhen’s GDP sees a 6% increase in 2023

01-30,2024

According to Shenzhen Municipal Bureau of Statistics, Shenzhen’s GDP totaled 3,460.64 billion yuan in 2023, achieving a year-on-year increase of 6%.The added value of the primary industry in Shenzhen reached 2.471 billion yuan, an increase of 2.6% year on year.The added value of the secondary industry in Shenzhen reached 1,301.532 billion yuan, increasing by 6.5% year on year.The added value of the tertiary industry in Shenzhen reached 2,156.638 billion yuan, up by 5.6% year on year.

Industrial Development in Shenzhen: 12 national high-tech enterprises / km²

01-29,2024

As introduced by Shenzhen’s related authority, Shenzhen has averagely 12 national-level high-tech enterprises on its per square kilometer land, as calculated at the end of 2023.As many industrial products, including ECMO, China-made smart phone, new-energy vehicle, become more and more popular at market, many innovative enterprises in Shenzhen grew fast in 2023.National-level high-tech enterprises prosper simultaneously in Shenzhen. Now, Shenzhen gathers 742 national-level specialized and sophisticated “little-giant” enterprises and over 24,000 national-level high-tech enterprises.What’s more, Shenzhen’s input into R&D increases by 12.2% averagely each year from 2020 to 2022. Shenzhen keeps investing more in research and development during the past 10 years to promote innovation. Its input into R&D has increased from 64.3 billion yuan in 2014 to 188.049 billion yuan, with the proportion in GDP increasing from 4.02% to 5.81%.

Congratulations: Longgang District’s GDP is expected to surpass 500 billion yuan in 2023!

01-26,2024

Longgang District’s GDP is expected to surpass 500 billion yuan in 2023.In the year of 2024, Longgang District aims at a 6.5% increase.Original version of the poster:

Shenzhen’s Achievement in Foreign Trade (2023)

01-22,2024

According to Shenzhen Customs District P.R. China, Shenzhen’s foreign trade amounted to 3,870 billion yuan in the year of 2023, which broke the historical record and achieved a year-on-year increase of 5.9%. Especially, the export reached 2,460 billion yuan, having a year-on-year increase of 12.5% and being the first place among China’s inland cities for consecutive 31years.Screenshot of CCTV’s related report: Reference: CCTV.com, CCTV NewsNotice: We respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.

China's GDP expands 5.2 pct in 2023, surpassing annual target | News from Xinhua

01-17,2024

BEIJING, Jan. 17 (Xinhua) -- China's gross domestic product (GDP) posted a growth of 5.2 percent year on year in 2023, higher than the annual target of around 5 percent, data from the National Bureau of Statistics (NBS) showed Wednesday.The country's GDP reached a record of 126.06 trillion yuan (about 17.71 trillion U.S. dollars) in 2023, the NBS data showed.Despite external pressure and internal difficulties, China has successfully achieved the major targets set for 2023 and recorded a rebound and improvements in the economy, Kang Yi, head of the NBS, told a press conference.He also cautioned that the economic growth still faces some difficulties and challenges as the the external environment has become more complex and severe with increased uncertainties.In the fourth quarter, the Chinese economy expanded 5.2 percent year on year, and the country's economy grew 1 percent quarter on quarter, according to the NBS.China's value-added industrial output, an important economic indicator, went up 4.6 percent year on year in 2023, NBS data showed.Fixed-asset investment went up 3 percent year on year in 2023, while retail sales of consumer goods, a major indicator of the country's consumption strength, climbed 7.2 percent year on year. Notice: the whole text is transferred from Xinhua just for information sharing.Here, we respect your intellectual property right and you other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.

China's service trade up 9 pct in Jan-Nov 2023 | News from Xinhua

01-05,2024

BEIJING, Jan. 4 (Xinhua) -- China's total service import and export volume grew 9 percent year on year in the first 11 months of 2023, data from the Ministry of Commerce showed Thursday.The service trade volume exceeded 5.89 trillion yuan (about 829.61 billion U.S. dollars) during the January-November period last year, according to the ministry.Of the total, service imports grew 23.5 percent year on year to top 3.48 trillion yuan, while service exports fell 6.8 percent year on year to 2.41 trillion yuan.China's trade of knowledge-intensive services maintained steady growth during the period, rising 8.3 percent year on year to 2.44 trillion yuan.Services related to the travel sector registered notable growth. The sector's total trade surged 73.5 percent year on year to more than 1.31 trillion yuan.Exports and imports of travel services expanded 56 percent and 74.9 percent year on year, respectively.Notice: the whole text is transferred from Xinhua just for information sharing.Here, we respect your intellectual property right and you other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.