Financial Status of Asia in Early 2020

Early Months Financial Activities and Situation in Asia in 2020

China’s Financial policy continues to be applied to fight the epidemic
In order to win the fight against epidemic prevention and control, financial support policies have been used to strengthen the mind. Industry insiders said that it is necessary to further take various measures for the possible short-term impact of the epidemic. Monetary policy can be flexibly adjusted and marginally relaxed on the basis of soundness.

January 2020 China's manufacturing PMI is 50.0% Non-manufacturing PMI is 54.1%

As of January 20, 2020, the survey results of purchasing managers showed that in January, China's manufacturing PMI was 50.0%, non-manufacturing business activity index was 54.1%, and comprehensive PMI output index was 53.0%.

The Chinese Ministry of Finance: Focus on epidemic prevention and control to ensure discounted interest support for enterprises

The Ministry of Finance recently issued the “Notice on Supporting Financial Strengthening Services to Do a Good Job in the Prevention and Control of New Coronavirus Infection and Pneumonia Epidemics.” It is clear that it provides discounted support for the key protection enterprises for epidemic prevention and control, and increases business guarantee loans for individuals and enterprises affected by the epidemic. Support for discounted interest to optimize financing guarantee services for enterprises affected by the epidemic.

Hong Kong Financial Secretary: Hong Kong economy faces double blow in 2020

The Financial Secretary of the Hong Kong Special Administrative Region Government, Chen Maobo, pointed out on February 2 that Hong Kong's economy has fallen into negative growth in 2019, and has not rid itself of the risk of continued decline as it enters 2020, and is also threatened by a new coronavirus-induced pneumonia These conditions will certainly cause a double blow to the economy.

Macau's Lunar New Year holidays drop by 78% year-on-year.

According to data released by the Macau SAR Government Tourism Bureau on February 1, during the Spring Festival holiday from January 24 to 30, the total number of tourists (except employees and students) in Macau during the Spring Festival was about 260,000, a decrease of 78.3 from the seven-day holiday last year %.

Financial Status of Asia Early 2020

Guangxi comprehensively prevents and controls pneumonia with big data

In the face of a menacing epidemic, the Big Data Development Bureau of Guangxi Zhuang Autonomous Region actively organized relevant units to comprehensively carry out various data analysis tasks such as data collection, data modeling, etc., and opened up departmental information barriers through the big data platform to comprehensively prevent and control the pneumonia epidemic.

Profits of industrial enterprises above designated size fell by 3.3% in 2019

In 2019, the total profits of industrial enterprises above designated size reached RMB 61,995,500 million, a decrease of 3.3% over the previous year (based on comparable calibers, taking into account caliber adjustments stipulated by the statistical system, enhancing statistical law enforcement, eliminating duplicate data, stripping corporate

Institutions expect house prices to stabilize overall in the first half
The "Annual Report on China's 100 Cities' House Prices 2019" states that observing the year-on-year growth curve of cumulative house prices in 2019, it generally shows an inverted U-shaped trend. Especially with the tightening of real estate policies in May 2019, the end of this type of curve has turned up and down, reflecting the de-bubble direction of real estate prices. It is expected that the trend of house prices will be stable in the first half of 2020.

Steel production capacity enters the stage of reduction development

According to the China Iron and Steel Industry Association, the market demand for the steel industry in 2019 is good, and steel consumption is expected to be about 880 million tons in 2019, a year-on-year increase of 6%. Although the strip market in 2019 is still okay, looking forward to a longer-term market prospect, China's steel production capacity has entered a stage of reduced development. It is expected that steel demand will increase slightly in 2020, an increase of 2% year-on-year. 

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