A week of digital interpretation

The digital April national revenue of 589.715 billion yuan stamp duty fell 64.9% April, the national revenue 589.715 billion yuan, compared with the same month last year, reduce 92.773 billion yuan, down 13.6%.　　Among them, the central level income of 294.074 billion yuan, down 25.2%, local level income of 295.641 billion yuan, increase 2.2%. April national revenue decline than March further expansion, mainly by the enterprise income tax, import links tax significantly reduced, the export tax rebate significantly increased, as well as oil special income reduction and so on. The main income items are as follows: domestic value-added tax fell 7.8% year-on-year, domestic consumption tax growth of 81.6% year-on-year, business tax year-on-year growth of 4.2%, corporate income tax fell 27%, personal income tax fell 7.5%, import goods value-added tax, consumption tax fell 17.7%, the tariff fell 41.4　　%, the securities transaction stamp duty fell 64.9% year-on-year, vehicle purchase tax fell 5.7% year-on-year, foreign Trade export tax rebate year-on-year growth of 18.6%, oil special income revenue fell 98.9% year-on-year. National Bureau of Statistics: April industrial growth fell to 7.3% National Bureau of Statistics 13th released data show that April, the national scale of industrial enterprises above the increase in value of 7.3% year-on-year, The growth rate fell 1 and 8.4% respectively in March and a year earlier, with the total retail sales of consumer goods 934.32 billion, up 14.8%, and faster than last month's 0.1%.　　January-April Cumulative, the national scale of industrial enterprises above the increase in value year-on-year growth of 5.5%, social consumer goods retail total 3,874,120,000,000 yuan, an increase of 15%. Analysts believe that the April industrial growth has fallen, suggesting that the external demand downturn and the impact of overcapacity pressure is still large. However, the monthly growth rate was significantly higher than the 5.1% average in the first quarter.　　While strong investment growth, consumption growth this year has been better than expected, which is a big bright spot in the current economy. Data show that April, the industrial enterprise product sales rate of 97.83%, an increase of 0.05%.　　Industrial enterprises to achieve a total export delivery value of 566.21 billion yuan, down 14.3% year-on-year.　　April, 70 large and medium-sized cities nationwide housing prices fell 1.1% according to the National Development and Reform Commission, the NBS survey showed that April, the country's 70 large and medium-sized housing sales fell 1.1%, the decline than last month to reduce 0.2%; Look, the economic application of housing sales prices rose 0.4% year-on-year, the chain Rose 0.1%.　　Ordinary commodity housing sales fell 1.5% Year-on-year, the chain Rose 0.4%, high-end housing sales prices fell 3.8% year-on-year, the chain Rose 0.2%. April Total retail sales of consumer goods rose 14.8% April, social consumer goods retail total 934.32 billion yuan, an increase of 14.8%。 Geographically, the city's consumer goods retail sales 632.96 billion yuan, an increase of 13.9%, county and county following retail sales of 301.36 billion yuan, growth of 16.7%.　　Look at the industry, wholesale and retail sales of 789.5 billion yuan, an increase of 14.4%, accommodation and catering sales 132.32 billion yuan, growth 17.9%, other industries 12.5 billion yuan retail sales, growth of 3.1%. For the first time in three weeks, the latest increase in the number of new equity accounts in China's securities registration and clearing company showed that the Shanghai and Shenzhen stock markets opened a new stock account of 296972 last week, up from 225082 in the previous week, the first rise in the number in three weeks.　　The new fund accounts amounted to 36964 households, up from 30945 in the previous week. At the same time, market transactions active, participating in the transaction of a A-share account number of breakthrough 20 million households, increased to 20.1533 million households, compared to 14.5608 million households in the previous week to increase 5.5925 million households.　　As the market fluctuates, last week the number of a-share position accounts decreased by 334,500 to 47.7222 million households. The April investment growth rate of more than 30% National Bureau of Statistics showed 12th, January-April, urban fixed assets investment 3.7082 trillion yuan, an increase of 30.5%.　　On the same day, the General administration of customs published data showed that April, China's exports fell 22.6%, imports fell 23%, the sixth consecutive month year-on-year decline, but import and export quarter-on-quarter growth of 10.4%. Analysts say investment growth is expected to remain high in the two quarter as new start-up projects grow faster.　　The growth of export chain shows that the export is showing good signs, but the overall still in the low consolidation state, the future of China's trade surplus has a further narrowing of the space. Data show that January-April, urban fixed assets investment 3.7082 trillion yuan.　　Among them, the state-owned and state-owned holdings completed investment of 1.6055 trillion yuan, growth 39.3%, real estate development completed investment of 729 billion yuan, growth of 4.9%. In April, the total investment of the new project was 3.6797 trillion yuan, an increase of 90.7%, the growth rate was 3% higher than the first quarter.　　From the place of funds to see, urban investment in place capital growth of 34.6% year-on-year, of which domestic loans grew 31.2%, the use of foreign investment fell 0.7%, self-financing growth of 37.4%. International oil prices close to 60 U.S. dollars domestic product price increase ready 13th The New York Mercantile Exchange (NYMEX) June crude oil futures close to 59.77 U.S. dollars/barrel, over the 60 U.S. dollar mark a few suspense.　　Under the pressure of international oil prices, the market price adjustment is expected to continue to rise and ferment, the domestic oil market began to appear a strong upward trend. All along, the product price adjustment is the focus of the market. A new pricing mechanism for refined oil has been introduced since December 18 last year. March 25 This year, the state mechanism for gasoline and diesel fuel per ton were raised by 290 yuan and 180 yuan. Since then, the increase in international oil prices and time intervals have met the domesticOil price adjustment requirements, but the domestic product prices have not moved. "Although the market transactions light, but the market on the increase in oil prices have greater expectations, refined oil wholesale unit reluctant psychological strong, main units in Beijing, Tianjin and other fields for the implementation of the control and sales shipments. It is expected that in the short term, domestic product prices will continue to rise, to the highest price.　　"Analysts say.　　China Eastern Airlines to inject additional funds to be approved although China Eastern Airlines and the restructuring of the airline has not been substantially launched, but the two companies previously to the respective listed companies to carry out 7 billion and 1 billion of additional capital injections, but at the same time obtained the SFC issued the Commission's approval. 14th, St. East Airlines, St on the release of the announcement disclosed the news.　　Prior to that, St Eastern (600115.SH) and St. (600591.SH) respectively through directional additional, obtained from the respective major shareholders of the Eastern Group and Jinjiang International Group of 7 billion yuan and 1 billion yuan of capital injection, and subsequently, the two capital injection transactions have been approved by the shareholders, only the CSRC final approval.　　Eastern Airlines, the senior revealed that after the approval of the Commission, but also to take some of the CSRC internal administrative examination procedures, so the capital injection transaction to complete still need more than 20 days. Han Zheng: Shanghai will speed up the coordinated construction of two centers Shanghai Mayor Han Zheng said in his opening statement at the 2009 Lujiazui Forum: In order to meet the challenges of the severe and rapid development of the international economic situation, the country's rapid introduction of a package of economic stimulus has already begun to bear fruit. Shanghai, as a region with higher economic openness, and feel the pressure of significant changes in the external economy, Shanghai has put forward to ensure stable and rapid economic development, continuous improvement of people's livelihood, social stability, the World Expo orderly preparation, but the current economic stability in Shanghai is not stable situation. The construction of the central two centers is of great strategic significance for the promotion of Shanghai's transformation and long-term development.　　Shanghai will further strengthen the coordination and communication with the national level, and strive to make Shanghai the leading area and pilot zone for financial development. Zhou Xiaochuan: The development of financial center to grasp the characteristics of perfect rules Zhou Xiaochuan, governor of the People's Bank of China, said at the Shanghai Lujiazui Financial Forum 15th: "The first to develop financial centers, to seize the characteristics of the financial center, some of the history of the formation of many years, but also the development of the Financial operations around the capital markets are gathering. On the other hand, the network development of a lot of financial business. We should not only look at the history of the Centennial Financial centre, but also better think about the financial services, talents and products that the financial centres will gather in the future. Second, only the formation of international financial centres can be a foothold. Third, the development of globalization, China has two important advantages, Hong Kong as a special administrative region, the long-term history of the formation of the Status of Asia, Shanghai in the financial capital market development is very fast, two financial markets how to better cooperate with each other, solve well, can better increase the pace of development. 4th, China has a higher savings rate and is suitable for development investment, and we have the conditions to expedite the development of various types of investment funds. At the same time, through the financial crisis, to take risks and wind control to achieve a better balance point.The development of financial centers needs to constantly improve and improve the rules of the game. First, there is the legal improvement, considering the possibility of any local modifications.　　In terms of accounting standards, we have made significant progress towards internationalization. Jiantang: China's economy is running better than expected Bureau director Jiantang said 14th that the current economic performance is better than expected, the central package has achieved significant results.　　At the same time, these positive changes need to be consolidated.　　Jiantang in the implementation of the "Statistical violations of disciplinary action rules" after the symposium concluded that the April economic data and one-quarter data is a whole, indicating that China's economic operation has been positive changes. For April, China's industrial-scale industry year-on-year growth rate slightly lower than last month, Jiantang responded that statistics over the years show that the April data are often less than March, the reasons are being studied. "The next step is to carry out a series of policy measures which have been promulgated by the central government, and carefully analyze and closely follow the economic situation and prepare the corresponding plan."　　"Jiantang said. Experts: The worst moment of foreign trade is still not over. Zhao Yumin, director of International marketing at the Ministry of Trade and Economic Cooperation, said 12th that the government has also played a very positive role in promoting exports, "especially for export tax rebate policies." "The rise in exports is not a sign that China's trade has been through the hardest of times."　　"The Ministry of Commerce's International Trade and Economic Cooperation Institute Mei Xin Yu said. Kikingme, senior economist at the National Information Center, also said that "exports are still falling and the world economy is still in a state of great uncertainty, which has left China's foreign trade situation still hard to be optimistic." "In fact, China has already introduced a number of policies to encourage exports, but it still depends on external demand for eventual success."　　The continued decline in imports also shows that domestic companies are not willing to invest, the real economy has yet to be seen. The financial crisis and its impact on China's trade sector will not fade soon, and the big rebound is expected to be too rosy. "China's exports will continue to be sluggish in the next few months or stabilise at lower levels," he said.　　"Policy Central bank CBRC stresses the importance of ensuring credit funds enter the real economy" a symposium on currency and credit held by the PBC and the CBRC 13th stressed that banking financial institutions should reasonably grasp the progress of credit, ensure that credit funds enter the real economy and meet the needs of real economic development and economic restructuring. The meeting stressed that the banking financial institutions should continue to implement a moderately loose monetary policy. Always adhere to the principles of financial support for economic development and prevention of financial risks, continuously deepen reform, improve corporate governance structure and risk control system, capital adequacy ratio, loan concentration, risk allocation and other key indicators should meet the requirements of law and prudential supervision; around the implementation of national industrial policy and industry adjustment and revitalization planning, To further optimize the credit structure and loan for fixed assets investment projects, we should strictly implement the minimum project capital requirements stipulated by the State, insist on independent audit and loan, further improve financial services and do a good job in "three agriculture" and small and medium-sized enterprises, employment, student assistance, post-disaster reconstruction and other aspects of credit services.　　To ensure that the long-term mechanism of banking case prevention and control gradually formed and in place.　　State-owned enterprise executive pay new regulation is imminent a system for all kinds of state-owned enterprise executive compensation, has been basically formulated and is seeking the views of all parties, is expected to be approved by the State Council after the adoption of the recently issued. According to the leaders of the human Resources and Social Security Department, the new rules will be responsible for the state-owned enterprises pay structure, level, assessment, payment and management, supplementary insurance and job consumption and other content of uniform norms. This message has not been officially confirmed by the Ministry of Social Affairs. The source said, the state-owned enterprise executives pay level in the future is broadly divided into three parts, that is, the basic annual salary + performance Annual + long-term incentive.　　One of the basic annual salary by the state-owned enterprises in the country's annual average wage multiplied by a certain multiples, and then multiplied by the size of the enterprise (or adjustment coefficient) of the composition of the annual salary is three times times or three times times the basic annual salary; Industry insiders predict that once the provisions have been approved by the State Council, will change the state-owned enterprises due to the industry attribute of the high salary, especially the financial industry and other industries income gap, is expected to greatly shrink the State Council: the biological industry into a high-tech pillar of the State Council, Premier Wen Jiabao 13th chaired the State Council executive meeting　　Research and deployment to further play the role of science and technology, speed up the national science and technology major special implementation, discussion and principle through the "promotion of biological industry to accelerate the development of a number of policies." It was pointed out that the important supporting role of science and technology in expanding domestic demand, promoting growth, adjusting structure, level and benefiting people's livelihood is an important part of the package plan to deal with the international financial crisis and promote steady and rapid economic development. The central budget this year arranges 32.8 billion yuan, arranges 30 billion yuan in 2010, simultaneously drives the enterprise investment, mainly promotes the high-grade numerical control machine tool and the foundation manufacture equipment, the large-scale airplane, the new generation broadband wireless mobile communication network, the core electronic device, the high-end general purpose chip and the basic software PRODUCT,　　Very large scale integrated circuit manufacturing equipment and complete sets of technology, large-scale oil and gas fields and CBM development, large-scale advanced PWR and high-temperature gas-cooled reactor nuclear power plant, water pollution control and management, new varieties of genetically modified species cultivation, major new drug creation, AIDS and viral hepatitis and other major infectious diseases prevention and treatment, such as 11 SSE: Beware of the risk of gem delisting the recently announced "Shenzhen Stock Exchange Gem Stock listing Rules (draft)" On the gem listed companies of the mandatory delisting system made different from the motherboard requirements.　　Investors should be fully aware of these provisions, firmly establish the concept of prudent investment, to guard against the risk of delisting.　　Compared with the delisting rules of the existing motherboard, the "Gem Stock listing Rules (draft)" published a lot of changes in the delisting standards, the general situation has three main features: "Multiple standards, direct withdrawal of the city, expedited procedures." "Gem Listing Rules" (draft for soliciting opinions)"When the delisting standards are implemented, the impact on investors will be enormous." On the one hand, the full competition of the fittest will help to guarantee the quality of the listed companies of Gem, provide more high-quality listing resources for investors, but on the other hand, investors will also face more risk of corporate retreat. If the listed company is forced to retire, its stock liquidity and value will be drastically reduced or even zero, this risk should arouse the high attention of investors.