CBN-20220221

Hi everyone. I’m Stephanie LI.大家好，我是主持人李莹亮。Coming up on today’s program.重点提要 -28 Chinese cities saw new home prices edging up month-to-month in January, including all first-tier cities;-Multiple provinces have started to ramp up pork reserves to support prices.Here’s what you need to know about China in the past 24 hours 中国经济要闻China continued to see a generally stable housing market in January, as new home prices edge up for the first time since September on a monthly basis, official data showed Monday.New home prices in four first-tier cities, including Beijing, Shanghai, Shenzhen and Guangzhou, changed from a month-on-month decrease of 0.1 percent in December to an increase of 0.6 percent in January, according to data from the National Bureau of Statistics (NBS).New home prices in Beijing were up 1 percent from a month earlier, while Shanghai reported a 0.6-percent increase. And prices in Guangzhou and Shenzhen rose 0.5 percent, NBS data showed.A total of 31 second-tier cities saw a month-on-month increase of 0.1 percent in new home prices, while 35 third-tier cities witnessed a month-on-month decline of 0.2 percent in new home prices last month.Prices in second-hand home market in the four first-tier cities picked up 0.1 percent month on month in January, while those in second-tier and third-tier cities went down 0.2 and 0.4 percent, respectively.On a year-on-year basis, new home prices in first-tier cities rose 4.4 percent in January, flat from a month earlier, while those in second-tier and third-tier cities went up 2.5 percent and 0.5 percent, respectively, both eased from a month earlier.据国家统计局2月21日公布数据显示，2022年1月份，70个大中城市新建商品住宅和二手住宅销售价格环比降势减弱，同比涨幅总体回落。 1月份，一线城市新建商品住宅销售价格环比由上月下降0.1%转为上涨0.6%，其中北京、上海、广州和深圳分别上涨1.0%、0.6%、0.5%和0.5%；二线城市新建商品住宅价格环比上涨0.1%，三线城市新建商品住宅环比下降0.2%。二手住宅方面，一线城市二手住宅环比上涨0.1%，涨幅与上月相同；二线城市及三线城市二手住宅销售价格环比分别下降0.2%及0.4%，降幅均比上月收窄。与去年同期相比，1月份，一线城市新建商品住宅销售价格同比上涨4.4%，涨幅与上月相同；二线城市及三线城市新建商品住宅销售价格则分别上涨2.5%及0.5%，涨幅均比上月回落。Many provinces in China have started to ramp up pork reserve to support prices that have plunged in recent months, as the government worked to stabilize supplies and prices of meat, eggs and vegetables after the Spring Festival. Official data showed on Friday the average price of pork was 19.76 yuan per kilogram, down by 5.68 percent from the previous Friday. 多地启动猪肉收储工作：2月18日，全国农产品批发市场猪肉平均价格为19.76元/公斤，与上周五的20.95元/公斤相比，下降幅度为5.68%。国家发改委公告称，将会同有关部门视情启动猪肉储备收储工作，并指导地方按规定开展收储工作。目前，四川、湖北、湖北等地表示将开展猪肉临时收储工作。Update on COVID-19疫情简报The Chinese mainland reported 71 new infections on Sunday, with 32 in Inner Mongolia, 11 in Jiangsu province, 7 in Liaoning, 6 in Guangdong and 5 in Shanxi.2月20日，内地新增确诊病例71例（内蒙古32例，其中呼和浩特市30例、包头市1例、巴彦淖尔市1例；江苏11例，其中苏州市10例、无锡市1例；辽宁7例，均在葫芦岛市；广东6例，均在深圳市；山西5例，均在晋中市；四川4例，均在成都市；云南4例，其中德宏傣族景颇族自治州3例、红河哈尼族彝族自治州1例；黑龙江2例，均在鸡西市）。Next on industry and company news产经消息及公司新闻China's top economic planner last Friday announced measures to help the service sector, including putting pressure on delivery platforms, to lower the fees they charge to restaurants. Meituan's shares plunged 15 percent on Friday and continued to shed nearly 4 percent today. 美团股价大跌：18日下午，国家发改委等部门印发了《关于促进服务业领域困难行业恢复发展的若干政策》的通知，提到引导外卖等互联网平台企业进一步下调餐饮业商户服务费标准，降低相关餐饮企业经营成本。美团股价收跌14.86%，报收188港元/股。美团今日股价继续下挫，收跌3.99%。Tesla Shanghai has recalled 26,000 made-in-China Model 3 and Model Y electric cars last Friday due to a risk of collision in cold weather. Small movements can affect the heat pump electronic expansion valve of the cars which might cause sub-standard defrosting and reduce visibility. 特斯拉召回部分国产汽车：18日消息，特斯拉（上海）有限公司宣布召回2020年12月28日至2022年1月15日生产的部分国产Model 3和Model Y电动汽车，共计26047辆。原因为部分车辆的热泵电子膨胀阀定位时会有微小移动，因软件没有纠正功能，可能造成阀门部分开启，车内制热功能失效。Chinese developer Zhenro Properties Group said its existing internal resources may be insufficient to meet debt payment obligations next month, according to a filing with the Hong Kong Stock Exchange on Friday. The Shanghai-based developer is soliciting creditors’ consent “to certain proposed waiver and amendments” to help improve its overall finances and give it stability. 正荣或无法解决3月到期债务：18日晚，港股上市公司正荣地产公告，在市场状况不利的背景下，公司可用于清偿债务的内部资金日益有限。因此，公司预计现有的内部资源可能不足以解决于2022年3月即将到期的债务。正荣地产表示，正在征求证券实益拥有人的同意，就证券提出若干建议豁免及修订，以改善公司整体财务状况。Switching gears to the financial sector金融市场要闻China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.7 percent Monday, unchanged from the previous month. The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 4.6 percent, according to the National Interbank Funding Center. 2月LPR与上月持平：中国人民银行授权全国银行间同业拆借中心公布，2022年2月21日贷款市场报价利率（LPR）为：1年期LPR为3.7%，5年期以上LPR为4.6%。以上LPR在下一次发布之前有效。China’s top banking regulator has warned the public on Friday to be vigilant following cases of illegal fund-raising and fraud committed by criminals in metaverse-related swindles. The main ploys include fabricating metaverse investment projects, making up a variety of high-tech investment projects with the metaverse concept, and attracting public funds by falsely advertising high returns. 银保监会点名恶意炒作元宇宙：针对近期不法分子以“元宇宙投资项目”等名目吸收资金，涉嫌非法集资、诈骗等违法犯罪活动，银保监会处置非法集资部际联席会议办公室18日就有关手法及风险发布提示，包括编造虚假元宇宙投资项目、炒作与元宇宙相关的虚拟现实等概念，编造包装名目众多的高科技投资项目，公开虚假宣传高额收益，借机吸收公众资金等行为。Wrapping up with a quick look at the stock market最后来看股市收盘情况Chinese stocks inched up on Monday as stocks rallied in the education and digital currency sector. The benchmark Shanghai Composite closed nearly flat while the Shenzhen Component edged up 0.09 percent. However, the Hang Seng Index lost 0.65 percent as the TECH Index tumbled.周一A股小幅上扬，沪指收盘持平，深成指涨0.09%。教育、数字货币等板块持续活跃。港股恒生指数收跌0.65%，科技指数跌2.78%。Biz Word of the Day财经词汇划重点LPR (Loan Prime Rate)is the most preferential lending rate offered by a commercial bank to its prime clients, and other lending rates can be offered by adding or subtracting basis points based on it.贷款市场报价利率是由具有代表性的报价行，根据银行对最优质客户的贷款利率，以公开市场操作利率加点形成的方式报价的基础性的贷款参考利率，各金融机构应主要参考LPR进行贷款定价。