The State Council Tariff Commission decided to impose tariffs on approximately US$75 billion worth of imported goods originating in the United States.
In response to US measures, China was forced to take countermeasures. According to the "Customs Law of the People's Republic of China", "The Foreign Trade Law of the People's Republic of China", "Regulations on Import and Export Tariffs of the People's Republic of China" and other basic laws and principles of international law, the State Council's Customs Tariff Commission decided to produce 5078 originating in the United States. The tax items, about 75 billion US dollars of goods, plus 10%, 5% tariffs, in two batches from 12:01 on September 1, 2019, 12:01 on December 15 implementation.
A spokesperson for the Ministry of Commerce issued a statement on the US announcement to further increase tariff rates on Chinese exports to the United States
On August 24, the US announced that it would raise the tax rate on the tariffs of about 550 billion US dollars on Chinese exports to the United States. China is firmly opposed to this. This unilateral and bullying trade protectionism and extreme pressures violate the consensus of the heads of state of China and the United States, violate the principle of mutual respect, equality and mutual benefit, seriously undermine the multilateral trading system and the normal international trade order, and will surely suffer from it. The Chinese side strongly urges the US to not misjudge the situation, not underestimate the determination of the Chinese people, and immediately stop the wrong approach, otherwise all consequences will be borne by the US.
The central bank issued an announcement on matters related to the newly issued commercial personal housing loan interest rate
The central bank announced that since October 8, 2019, the newly issued commercial personal housing loan interest rate has been formed by adding the price of the loan market quotation rate for the corresponding period of the most recent month. The added value should be in line with the national and local housing credit policy requirements, reflecting the risk of the loan, and the contract period is fixed. The interest rate of the first commercial personal housing loan shall not be lower than the interest rate of the corresponding term loan market, and the interest rate of the second set of commercial personal housing loans shall not be lower than the corresponding period loan market price plus 60 basis points.
【Financial securities】
The capital market deepening reform plan has been formed. A shares will welcome a series of heavy profits.
According to the First Financial Report, the reporter learned today from the China Securities Regulatory Commission that the capital market deepening reform plan has basically taken shape, and the A-share market is about to ushered in a series of basic system reforms, the rule of law guarantee, the quality of listed companies, and the long-term capital entering the market. Good pounds. The relevant person in charge of the China Securities Regulatory Commission also said that the Sino-US trade friction escalation is expected. At present, the resilience of China's capital market to external shocks has been significantly enhanced. "We will maintain our efforts, increase reform efforts, stimulate market vitality, and promote long-term capital markets. Stable and healthy development."
FTSE Russell confirms that A shares are re-expanded by 3 times! These stocks are newly included.