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Evergrande transferred Hangzhou Crystal City, a project under construction, to Zhejiang Construction to pay off debts such as payables

On the evening of March 29, Zhejiang Construction Investment Group Co., Ltd. (Zhejiang Construction Investment, 002761.SZ) issued an announcement on the proposed restructuring and related party transactions of some receivables. According to the content of the announcement, Zhejiang Construction Investment Group Co., Ltd., in order to speed up the resolution of the company’s overdue receivables related to China Evergrande Group and its subsidiaries, the company’s wholly-owned subsidiary The company Zhejiang.. Read More

Central Office and State Office: Strictly implement the compulsory delisting system and establish a circular mechanism for the survival of the fittest

On March 29, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the “Opinions on Promoting the Construction of a Social Credit System with High-Quality Development and Promoting the Formation of a New Development Pattern” (“Opinions” for short) The department conscientiously implements it according to the actual situation. In Chapter 4, the “Opinions” emphasize the need to.. Read More

Xiaomi: False rumors about the company’s ecological chain will be resolutely litigated to the end

Recently, there are rumors that the regulators have checked the projects involving the Xiaomi industry chain currently under review on the Science and Technology Innovation Board and the Growth Enterprise Market, and the IPO policy related to the Xiaomi industry chain is restricted. On March 29, Xiaomi responded to the incident on its official Weibo, saying, “Recently, it has been discovered that a large number of misrepresentations and fabrications have.. Read More

Shanghai increases the proportion of temporary refund of tourism service quality deposits, “filling part of the liquidity gap”

On March 29, the General Office of the Shanghai Municipal People’s Government issued the “Several Policies and Measures for Shanghai to Fully Fight the Epidemic to Help Enterprises Promote Development” (hereinafter referred to as the “Measures”). These include implementing large-scale value-added tax credits and refunds for enterprises, intensifying tax and fee reduction policies, and reducing or exempting small and micro enterprises and individual industrial and commercial household rents and other.. Read More

China Huarong achieved a net profit of 378 million yuan last year, and CITIC Group will become the largest shareholder

In the early morning of March 29, China Huarong (02799.HK) released its 2021 results. In 2021, the total revenue is 93.067 billion yuan, a year-on-year increase of 23.4%; the net profit is 1.986 billion yuan, and the profit attributable to shareholders is 378 million yuan, a loss in the same period last year; basic earnings per share are 0.01 yuan. Specifically, the non-performing assets operating segment realized a total revenue.. Read More

Binjiang commercial land in Huangpu District, Shanghai was sold for 13.5 billion yuan, and Shanghai State-owned Assets Co., Ltd. jointly won the bid

The total price of a case in Huangpu District, Shanghai exceeds 100 100 million land parcels were successfully sold. On March 28, the official website of the Shanghai Land Market showed that “Units 326-03, 326-04, W11, W13, and W15 along the Huangpu River, Xiaodongmen Street, Huangpu District, Plots 327-01, 327-03, 327-04 and Duojia Road, 326-05, 327-02, 327-05 underground space plots were successfully sold, with a transaction price of 13.50388 billion.. Read More

Shanghai: Promote the incremental expansion of seamless loan renewal methods to reduce financing costs for small, medium and micro enterprises

On March 28, the Shanghai Banking and Insurance Regulatory Bureau issued the “Notice on Doing a Good Job in the Seamless Renewal of Loans in Shanghai Banking Industry” (hereinafter referred to as the “Notice”) to promote the incremental expansion of seamless loan renewal methods and reduce the number of small, medium and micro enterprises. Comprehensive financing costs to achieve seamless connection between loan maturity and loan renewal. The “Notice” proposes.. Read More

FAA extends review of SpaceX starship orbital flight environment

The Federal Aviation Administration (FAA) has once again extended the environmental review period for the orbital flight of the SpaceX starship. The assessment, previously scheduled to be completed by the end of February, was postponed to March 28, and is now extended to April 29 for further review of comments and ongoing institutional consultations. “The FAA is currently reviewing the final Planning Environmental Assessment (PEA) and is completing consultations and.. Read More

Yangshan Marine dispatched additional personnel to ensure the safety of maritime transportation and the smooth flow of international logistics supply chains

From March 28, within Shanghai A new round of diced and gridded nucleic acid screening was carried out. In order to ensure the safety and order of ocean transportation at Yangshan Port, the Yangshan Port Maritime Safety Administration dispatched additional staff on duty to station at the workplace last night to meet the needs of the 24-hour work system. On the 28th, a total of 27 container ships on international.. Read More

The turnover shrank to less than 900 billion: the Shanghai index rose slightly, the Shenzhen market fell more than 1%, and individual stocks rose less and fell more

The Shanghai Stock Exchange recovered at 3,200 points, and individual stocks in Shanghai and Shenzhen rose less and fell more, with a net inflow of 5.03 billion yuan of northbound funds against the market. Affected by the bad news, the three major A-share stock indexes opened lower collectively on March 28. Under the smashing of heavy-holding stocks in lithium batteries, liquor and other institutions, the two markets expanded deeply. Amplitude.. Read More