IMF increases global GDP growth to 4.4% this year

Macro Macro Total start wage collective bargaining three-year plan January 17, the National Federation of Labor Union party secretary, Vice-Chairman, the Secretariat Hoxha Wang Yupu in the total 15th session of the Executive Committee, revealed that in order to coordinate labour disputes, enhance trade union coverage and cohesion, safeguard the interests of workers, The overall launch of a special three-year plan: to the end of 2011, the establishment of a trade union enterprises wage collective bargaining system coverage reached 60%, at the end of 2013 reached more than 80%. Multinational enterprises, large central enterprises and private enterprise are the focus of collective bargaining work.　　Before the total proposed three-year plan, there have been Beijing, Qinghai, Tianjin and many other places have taken the lead in the establishment of a three-year wage collective consultation plan. The central bank and the CBRC agreed to tighten credit tightening this year after the central bank's 720 billion trillion yuan in the first quarter of the new credit, the CBRC will also restart the deposit and loan day monitoring mechanism. "In the future, we will monitor the liquidity of banks by daily deposit and loan reporting." "A senior banking regulator said. Daily average deposit and loan data reporting refers to the local banks daily report to the Bank of deposit and loan data, the CBRC will be based on the corresponding loan limit to its prompt. The provision was also launched during the first half of 2010 when credit was speeding up. January 20, the CBRC also issued the "China Banking Regulatory Commission on further regulation of silver letter financial cooperation Business Notice," the request of commercial banks in 2011 in accordance with the quarterly drop of no less than 25% per cent to develop a specific transfer plan, and strict implementation.　　Experts are expected to be transferred to the table in the Bank letter cooperation loan scale of about 400 billion yuan, and the first quarter into the table under the pressure is relatively large. A number of industrial policies will be intensively issued to urge structural adjustment January 24, the Ministry of Industry announced the "polysilicon sector access conditions", launched the "Twelve-Five" industrial Restructuring of the first gun. Sources said that the national Development and Reform Commission issued the 2011 edition of "Industrial Structure Adjustment Guide Catalogue" and other industrial adjustment policies are expected to be introduced before and after the two sessions. A number of securities company researchers believe that the "Twelve-Five" period, the industrial adjustment of the market gap will be filled by strategic emerging industries.　　In addition to iron and steel, cement, wind power equipment, polysilicon, electrolytic aluminum, shipbuilding, soybean crush, vitamin C and other industries overcapacity problem, the relevant departments will continue to introduce relevant policies, in response to the above-mentioned industries existing structural problems to make adjustments. All units of the central government departments to complete the transformation of the enterprise system to the end of December 30, 2010, the central departments of various units of the publishing house has been completed transformation enterprises. Central departments of various units publishing house reform work of the leadership group Office director, the director of the Press and publication Administration Binjie introduced, in the transformation of the 148 central departments of all units operating in the publishing house, in addition to 1 publishing houses closed out, 13 originally did not have approved the establishment, the remaining 134 publishers have written off the Career development. Basic completion of the checkup, write-off business preparation, cancellation of institutions, to join the Beijing Basic Endowment Insurance, business registration, such as enterprise transformation must perform the formalities, completebecame the central determined transformation task, the entire publishing house transformation into the outstanding work. Financial Financial Central Bank deferred payment licences at present, the central bank to publicize the first batch of 17 reporting enterprises have one months, and administrative permission to be approved within 20th of the deadline has also passed, is expected to receive a licence is still no word thereafter. Industry insiders said that the main reason is the central bank to "strict certification management." The central bank grants the third party the legal status by issuing the payment licence, and says that the payment enterprise applying for the licence will be allowed to join the Super Net Bank, so that the third party payment industry can develop rapidly on the scale of the transaction. According to market data, the 4th quarter of 2010 China's Internet online payment market transaction size reached 360.25 billion yuan, the chain growth of 24%. 2010 annual turnover of 1.0858 trillion yuan, the chain growth of 96%.　　Analysys International also predicted that by 2013 Internet online payment transactions will reach 3.646 trillion yuan. Shanghai Preheating International Board schedule to be determined January 21, Shanghai Mayor Han Zheng said at the closing press conference of Shanghai's "two sessions", "It's a good time to launch an international board." Fang Xinghai, director of the Shanghai Financial Office, also said the international board should be launched this year. According to the SSE plan, the short-term strategic objectives include a period of 2011-2013 years, while the medium-term and long-term objectives refer to 2014-2016 years and 2017-2020 years two time periods respectively. According to the briefing, SSE will vigorously promote the international board market construction, with regulatory agencies, to promote red chips to accelerate the return to a a-share market, explore foreign enterprises in the domestic issue of listing system arrangements, follow the principle of gradual and steady progress, increase the global promotion efforts to attract foreign high-quality companies listed. We should promote the construction of high quality International board market and enhance the competitiveness of China's capital market.　　Finally in 2014-2016 years to achieve the construction of "a considerable scale, product diversification, Asia-class International board market," the medium-term strategic objectives. The acquisition of the US Bank of East Asia, ICBC's detour into the U.S. industrial and Commercial Bank of China and the Hong Kong Bank of East Asia announced on the evening of January 23 that the two sides had reached an agreement on the US-East Asian Bank's equity deal and signed a deal in Chicago on January 21. According to the agreement, ICBC will pay the Bank of East Asia about 140 million U.S. dollars in the price, the acquisition of the United States Bank of East Asia 80% stake, East bank holds the remaining 20% per cent. At the same time, the Bank of East Asia has a sell option that can be transferred to ICBC on the terms and dates agreed upon by both parties after the completion of this transaction. The two sides will then perform supervision and approval procedures.　　After the transaction is completed, ICBC will be responsible for the operation and management of the Bank of East Asia. SFC issued QFII participation in stock index futures trading guidelines January 25 issued QFII to participate in stock index futures trading guidelines, to the community for advice. Guidelines clear QFII participation period refers to only engaged in hedging transactions, each QFII can be entrusted to three domestic futures companies for the period of trading. This consultation will continue toFebruary 12. When the application for the hedging of QFII is approved by CICC, it will be required to submit relevant materials such as hedging trading scheme, and to inspect and monitor the usage of the QFII's approved hedging amount and the trading behavior of stock index futures. In addition, the guideline requires that in any trading day, the QFII's stock index futures transaction amount (excluding closing positions) shall not exceed its investment quota.　　At the end of any trading day, the value of a QFII's stock index futures contract shall not exceed its investment quota. Mergers and acquisitions in the East soft acquisition of the Wang Kang letter to accelerate medical it layout January 11, Neusoft announced the acquisition of 114.1 million yuan to buy the 73.14% of the company's shares, become its controlling shareholder. The deal is the first merger of Neusoft in 2011 years and is by far the largest in the healthcare sector. East Soft Group acquisition of Wang Kang letter, will be the Wang Hai Kang letter complete mature Hospital ERP product line, improve and strengthen Neusoft medical it comprehensive solution.　　At the same time Neusoft group will also get the Wang Kang letter owned large and medium-sized hospitals, community institutions, such as more than 300 high-quality customers, increase customer scope. Shanghai Pharmaceuticals 65% stake in the purchase of Citic Medicine January 12, Shanghai Pharmaceutical Group Co., Ltd. in Beijing announced the completion of 2.328 billion yuan to buy Citic Medicine 65.24% of the stake, and announced the Shanghai Pharmaceutical Beijing headquarters was established. Shanghai Pharmaceutical Chairman Lu Mingfang January 11 also revealed that the end of March will be completed on the company's 100% acquisition. This is the largest merger since the March 2010 Shanghai Pharmaceutical Reorganization, and is the largest drug acquisition case in mainland China.　　If according to yesterday's transaction price calculates, Shanghai medicine completes the CITIC Medicine all equity purchase, needs the capital 3.568 billion yuan. The world's biggest steel producer is again on the January 17, the board of the Finnish iron Ore company passed a joint takeover bid by ArcelorMittal and the Nunavut iron ore acquisition company. The acquisition is worth about 590 million dollars. The deal will make ArcelorMittal, the world's largest steelmaker, a 70% per cent stake in the Finnish iron and steel Company.　　The current stake in Nunavut, which holds a 10% per cent stake in the Finnish iron ore company, will increase to 30% per cent. Yangtze River Power into the new energy January 21, the Yangtze River Power and its wholly-owned subsidiary-China Long Electric International (Hong Kong) Limited and China Power New Energy Development Co., Ltd. signed the "Equity purchase agreement." Changjiang Power intends to invest HK $2.1 billion to buy CLP's new energy shares in Hong Kong at a price of HK $0.75/share, and will hold 26.2% of its shares after the investment.　　Long-Power international has become the first major shareholder of CLP New Energy, the original large shareholder of CLP New Energy holdings from 35.14% diluted to 25.93%. Overseas overseas China's first national debt to Japan recently, Japan Monex Securities Company in its official website posted newsSaid it would start selling Chinese government bonds denominated in renminbi to individuals in the country. The initial recruitment period starts from February 1, 2011 to February 23, 2011. The sale of the December 2013 coupon rate of 1% of the three-year Chinese government bonds to 500,000 yuan for sales units, two times a year dividend. The sale of Chinese Treasuries to individual investors is the first in Japan.　　In addition to the national debt, Monex will start selling trust investment funds operating in renminbi bonds in February. Asian emerging economies ' inflationary pressures are surging hot money gouging Asia's emerging economies grew strongly in 2010, making them an important driver of the global economic recovery. At the same time, however, with strong economic growth and high returns, the influx of foreign investment into Asia in 2010. According to the Goldman Sachs survey, 78.6% of the international capital inflows into emerging economies in the first half of 2010 flowed to Asia. Huge inflows of hot money have brought severe imported inflation to Asia. In Thailand, the costs of daily consumer goods, transportation, education, home economics and property are high.　　Asian countries such as Singapore, Vietnam and India have also seen inflation in varying degrees. The three central banks again raised interest rates and emerging markets started to inflate Zujizhan January 24, Hungary and the central Bank of Israel announced a hike in benchmark interest rates, and the RBI also took the same action on January 25. In addition, a number of emerging market economies have introduced a series of measures to curb food prices soaring. The RBI announced January 25 that it would raise the repo and reverse repurchase rates by 25 basis points, the repo rate to 6.5%, and the reverse repo rate to 5.5% per cent. This is the seventh time the RBI has raised interest rates since last March. The RBI notes that inflation is a major concern at the moment.　　Although raising interest rates is a common measure to curb inflation, overseas media analysts say the impact of higher rates on food prices is limited in the short term, since prices are generally determined by supply, and rapid productivity increases are often difficult to achieve. The IMF raised global GDP growth this year to 4.4% by the International Monetary Fund January 25 on the world's latest economic outlook, raising global economic growth forecasts. The global economy is likely to grow by 4.4% this year, slightly above its estimated growth of 4.2% in October 2010, the report said. The IMF says the global economy is expected to grow by 4.5% in 2012. 2011 and 2012, emerging economies and developing economies grew by 6.5%. Of these, China's economy is expected to grow by 9.6% and 9.5% respectively in 2011 and 2012. The IMF says urgent measures are needed to address eurozone sovereign debt and fiscal problems. Emerging markets need to adopt policies that prevent overheating and help rebalance the global economy.　　Advanced economies need to continue to implement monetary easing. Merrill Lynch has agreed to pay 10 million dollars to settle a lawsuit after Merrill Lynch's 10 million dollar settlement of the SEC investigation January 26. In the lawsuitIn the case, the SEC accused the bank of improperly exploiting information on large customer orders and charging clients for improper transaction execution costs. The settlement agreement underlines the concerns of some institutional investors about the misuse of their trading information by banks ' proprietary trading desks. A proprietary trading unit is one in which a bank deals with its own account. The SEC settlement shows that Merrill Lynch, which executes customer orders, is encouraged to share order information with proprietary traders in the bank's equity strategy department.