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CBN丨China’s housing market remained stable in January(2)

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。

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