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On October 14, Luo Wen, director of the State Administration for Market Regulation, said at a press conference held by the State Council Information Office on the 14th that the burden on enterprises has been effectively reduced. We must increase our efforts to reduce institutional transaction costs, vigorously promote the reform of "efficiently completing one thing", and promote the transformation of business affairs from "multiple places, multiple windows, multiple times" to "one place, one window, one time". We must work hard to reduce the burden on enterprises, focus on key charging entities and key industries, organize special inspections and key spot checks on illegal charges involving enterprises, speed up the refund of illegal charges, and let enterprises benefit as soon as possible. We must continue to work hard to improve the long-term supervision mechanism for charges involving enterprises, promote the revision of the regulations to ensure the payment of funds for small and medium-sized enterprises, and effectively safeguard the legitimate rights and interests of enterprises.On October 14th, Cong Lin, deputy director of the State Financial Supervision and Administration, stated at a press conference held by the State Information Office on the 14th that as of the end of August 2024, the balance of RMB loans was 25.202 trillion yuan, a year-on-year increase of 8.5%.On October 14, Luo Wen, director of the State Administration for Market Regulation, said at a press conference held by the State Council Information Office on the 14th that (APP) large-scale equipment renewal and old-for-new consumer goods can effectively stimulate investment, promote consumption, and provide enterprises with a broad market development space. Since the beginning of this year, the General Administration has arranged 130 standard formulation and revision tasks around the "two new" actions. At present, we have completed 74 of them. Next, we will further implement the standard improvement action, accelerate the development of standards, focus on upgrading energy consumption and emission technical standards, improve product quality and safety standards, and increase the supply of recycling and reuse standards, and effectively use standards to promote equipment renewal and old-for-new consumer goods.Futures news on October 14, according to the World Copper Capital Recycled Copper Trading Service Center, at 10:30 on October 14, 2024, the contract price of recycled brass billet 2410 of the Shanghai Commodity Exchange was 49,710 yuan/ton, an increase of 190 yuan/ton, an increase of 0.38%.On October 14, Luo Wen, director of the State Administration for Market Regulation, said at a press conference held by the State Council Information Office on the 14th that we are accelerating the promulgation of the "Law on Promoting the Private Economy", treating the private economy equally and protecting it equally, and creating a good environment for the development of the non-public economy. We have implemented the "Regulations on Optimizing the Business Environment" and, in accordance with the requirements of both "letting it live" and "keeping it under control", we will study and propose effective measures as soon as possible to respond to the concerns of business entities in response to issues such as obstructing fair market access and restricting cross-regional migration of enterprises. We have deepened the evaluation and cleanup of laws, regulations and policies related to enterprises, and comprehensively cleaned up various regulations that discriminate against and discriminate against enterprises of different ownership, size and region.

Crypto Market Daily Highlights – ETH and SOL Lead a Bullish Top Ten

Cory Russell

Oct 24, 2022 15:10

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With 90 minutes (UTC) left in the session, the top 10 cryptos are seeing a bullish Sunday session. The top two are ethereum (ETH) and solana (SOL). While avoiding sub-$19,000 for a second session, BTC dropped short of $20,000 for the sixteenth straight day despite the strong session.


The lowering bets of a 75 basis point Fed rate rise in December were left to give a strong close to the week since external market pressures were lacking.


News that FOMC members wanted to talk about less aggressive policy changes broke on Friday. Mary Daly, a member of the FOMC, also expressed support for riskier investments. Daly said that it is appropriate to think about easing back prior to the FOMC blackout period, which should prevent the economy from becoming a Fed-fueled recession.


Janet Yellen, a former chair of the Federal Reserve and US Treasury Secretary, sought to calm market anxiety over inflation by stating that there was no evidence for it to become ingrained in the US economy.


The talk on Friday reduced expectations for a 75-basis point rate increase in December and seems to be on track to give the cryptocurrency market its longest winning run since mid-September—three days.


The likelihood of rate increases in November and December, according to the FedWatch Tool, are 87.5% and 48.7%, respectively, as of this morning. The probability of a 75-basis point increase in December was 69.8% a week ago.


Prior to the US PMI data for October, Q3 GDP results from China will get attention.


Given the FOMC's stance of policy blackout until November 3, economic data might result in policy uncertainty. Positive headline and sub-component statistics may revive hopes for a December 75-basis point increase.


The NASDAQ 100 Mini is anticipated to set the tone. A optimistic start to the week is indicated by the decline in expectations of a hawkish December move, however the markets will need to manage the Chinese figures.