Interest rate as low as 2.98%! Bank of Shanghai doubles subsidies for "trade-in" program, introducing exclusive consumer vouchers and interest rate coupons, covering key areas such as business districts and autos.
①Shanghai announced a major push to promote consumer trade-ins, with consumer subsidy funds of up to 4 billion yuan. ②Multiple financial institutions have launched consumer vouchers for trade-ins and consumer discounts on the basis of government subsidies.
The second largest fine in the payment industry this year has been issued, with Youzan Payment being heavily fined 27.87 million yuan, while Lakala, Du Xiaoman, and others have been "double punished".
The Beijing branch of the People's Bank of China revealed five penalty decisions against payment institutions on September 10 in one breath. Among them, Youzan Pay was fined 27.87 million yuan, setting the second largest penalty in the payment industry this year, and rare in that both general managers were fined simultaneously. Industry insiders said that industry regulation is becoming increasingly detailed, and complete records are required for everything from service agreement formats to transaction information. From the perspective of regulatory trends, the dual-penalty system in the payment field continues to be implemented.
Express News | The State Council issued the "Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of the Insurance Industry."
Shanghai Pudong Development Bank, Shanghai Branch, Gao Jianbing: Serving the scientific and technological innovation field, the transformation of bank institutions is happening at the right time.
① Service technology enterprises are listed as the first track of the Shanghai Pudong Development Bank. ② There are still challenges in understanding and evaluating the technology of technology enterprises during the loan process, and further discussions are needed on guarantee measures and risk management.
Quick Look at Mid-day Trading | The three major stock indexes in Hong Kong all fell, with oil and coal stocks declining; all three major oil companies saw a drop of over 5%, while Tianqi Lithium Corporation surged 12% against the market trend.
Network technology stocks generally fell, with SenseTime down nearly 3%, JD.com, Netease down nearly 1%, Tencent, Alibaba slightly down; Bilibili rose by over 1%, Meituan slightly rose.
Breaking News | Guotai Junan i resumes trading with a more than 8% higher opening, its major shareholder GTJA plans to merge with Haitong Securities.
On the news side, Guotai Junan International's shareholder Guotai Junan intends to merge with Haitong Securities; institutions believe that this merger and reorganization can grasp the determination to develop high-quality capital markets, and the merged entity will become the largest brokerage in terms of asset size.