1.Shenzhen’s Real Estate market may have huge risks
This Saturday, Shenzhen Everbright Bank adopted the reference price of second-hand housing as the basis for mortgage loans. According to the data of Shenzhen’s real estate transaction volume, it can be roughly seen that the highest transaction volume of second-hand housing in Shenzhen from 2015 to 2016 was more than 1,000 sets per day, and the lowest was 200 sets; 207-1018 was between 300-400 sets; 2019-2020 also Around 400 units, and roughly 400 units in 2021, this kind of transaction volume is not at all the hype that the CCP said. The biggest possibility is that the CCP has taken back pricing power and returned to the planned economy.
2.Huawei begins raising pigs to save its mobile phone business
On February 19, it was reported that Huawei’s suppliers had been notified to cut production. Huawei expects that mobile phone shipments this year will drop by more than 60% to about 70 million units. Prior to this, Huawei’s mobile phone shipments in the fourth quarter of 2020 had fallen by 40%. Under heavy pressure, Huawei can only start fancy “self-help behavior.” This also includes its entry into the pig industry through the “intelligent pig raising program” announced recently. In addition to the pig industry, Huawei has established more than 100 research institutes and joint laboratories, including application-oriented laboratories such as coal, airports, and ports, dedicated to providing digital services and software systems for various industries. As a technology giant, Huawei entered the “breeding industry” as one of its choices after encountering a crisis.
3.Four Big China Banks were fined over 100 million in 2020
In 2020, the Communist China Banking and Insurance Regulatory Commission and its dispatched institutions, the People’s Bank of China, and the SAFE issued a total of 4,774 fines to banks. The total fines reached 1.974 billion yuan, an increase of 40% over 2019. Among them, 1.912 billion yuan of fines are for banking institutions.
4.Communist China is facing low birthrate era
On February 18, the National Health and Medical Commission proposed that the Northeast region can be based on local conditions and explore the suggestion that the country should take the lead in liberalizing population birth restrictions in the Northeast region. Prior to this, the 14th Five-Year Plan recommended “optimizing the fertility policy and enhancing the inclusiveness of the fertility policy.” On January 20, the National People’s Congress required all localities to clean up untimely family planning laws and regulations and stop the enforcement of severe penalties with the background of Communist China’s declining total fertility rate and severe aging situation in recent years. According to data recently released by the Ministry of Public Security, a total of 10.035 million newborns were born in 2020 and registered with the public security organs, a sharp drop of 14.9% from 11.79 million in 2019. According to media reports last year, Minister of Civil Affairs Li Jiheng wrote an article that China’s total fertility rate has fallen below the warning line, and population development has entered a critical turning period.
5.Commercial Bank internet loan supervision upgraded
The CCP Banking and Insurance Regulatory Commission today issued the “Notice on Further Regulating the Internet Loan Business of Commercial Banks.” The person in charge of the relevant department of the China Banking and Insurance Regulatory Commission stated that since the release of the “Measures”, the regulatory authorities have found that there are differences in the implementation effects and rectification efforts of various institutions, especially in the independent implementation of core risk control links and strengthening the management of cooperative institutions. Internet loans of some institutions There is still a certain gap between business behavior and the requirements of the Measures which there exist potential risks.
6.CCP Virus Hits Spanish Restaurants Industry
According to Reuters report, around 300,000 restaurants and bar in Spain have been affected by restrictions and a third of them could go bust in the first quarter of 2021, leading to up to 1.1 million direct and indirect job losses, according to the Hospitality Industry Association.
Spain’s tourism-dependent economy shrank a record 11% last year, driving unemployment up to 15.5%. Emilio Gallego, secretary general of the hospitality association, said the sector’s situation was critical and demanded 8.5 billion euros in urgent direct aid to help cover fixed costs, such as rent or taxes.
7.Big Tech, Koch Network cheer Biden’s amnesty to shock US labor market
Big tech’s lobbying arm and the Koch brothers’ network of donor class organizations are cheering on President Joe Biden’s amnesty plan that would pack the United States labor market with more foreign visa workers for business to hire over American graduates and professionals. This week, Biden’s amnesty plan was introduced in Congress by Sen. Bob Menendez (D-NJ) as Democrats look to increase foreign competition in the U.S. workforce while more than 17 million Americans are jobless.
By 【Financial Team】
News Collection: 文罡、Sharon、Totoro