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On May 14th, it was reported that in April 2026, the national used car market saw 1.6712 million transactions, a decrease of 6.73% month-on-month and 1.76% year-on-year, with a transaction value of 113.476 billion yuan. From January to April 2026, the cumulative used car transaction volume reached 6.4932 million vehicles, an increase of 2.93% year-on-year, representing an increase of 184,600 vehicles compared to the same period last year, with a cumulative transaction value of 426.358 billion yuan.Hua Hong Semiconductor (01347.HK): It expects its sales revenue for the second quarter of 2026 to be between US$690 million and US$700 million.On May 14th, the Peoples Bank of China released its April financial statistics report. Preliminary statistics show that the total social financing in the first four months of 2026 reached 15.45 trillion yuan, 893 billion yuan less than the same period last year. Specifically, RMB loans to the real economy increased by 8.5 trillion yuan, 1.29 trillion yuan less than the same period last year; foreign currency loans to the real economy increased by 103.6 billion yuan (equivalent to RMB), 213.4 billion yuan more than the same period last year; entrusted loans decreased by 94.1 billion yuan, a larger decrease of 99.4 billion yuan than the same period last year; trust loans increased by 300 million yuan, 45.1 billion yuan less than the same period last year; undiscounted bank acceptance bills increased by 51.3 billion yuan, 199.2 billion yuan less than the same period last year; net financing of corporate bonds reached 1.5 trillion yuan, 739.3 billion yuan more than the same period last year; net financing of government bonds reached 4.45 trillion yuan, 399 billion yuan less than the same period last year; and domestic equity financing of non-financial enterprises reached 200.8 billion yuan, 65.5 billion yuan more than the same period last year.May 14th - Since the beginning of this year, the national average rainfall has been 7% lower than the same period in normal years, with some areas experiencing 20-60% less rainfall, including western and southeastern Northeast China, western and northern North China, western and northeastern Northwest China, eastern and southern Huanghuai region, Jianghuai region, and most of South China. Water resources departments at all levels have fully utilized the digital twin water conservancy system and the joint scheduling system for river basin water projects to coordinate water demand across upstream and downstream areas, left and right banks, and main streams and tributaries. They have scientifically scheduled water projects to maximize water storage, utilize water during dry seasons, and ensure multi-source complementarity, precisely regulating the water volume and levels of rivers, lakes, and reservoirs to meet irrigation needs. Strengthening water conservation has effectively guaranteed water supply for spring farming and urban and rural water supply security. Currently, the country is gradually entering the flood season from south to north. The Ministry of Water Resources will continue to closely monitor rainfall and water conditions, strengthen forecasting and early warning, conduct rolling consultations and assessments, and coordinate the needs of various parties, including pre-flood drawdown of reservoirs, flood control during the flood season, urban and rural water supply, and agricultural irrigation. It will scientifically schedule key reservoirs in river basins to ensure flood control and water supply security.According to Hong Kong Stock Exchange filings, Standard Chartered Bank repurchased 801,239 shares on other exchanges on May 13, for a total amount of £15 million.

Intel Reduces Employee And Executive Salaries As The PC Market Declines

Aria Thomas

Feb 01, 2023 14:53

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Intel Corp (NASDAQ:INTC) announced on Tuesday that it has significantly reduced employee and management compensation, one week after issuing a lower-than-anticipated sales estimate due to a loss of market share to competitors and a decline in the PC market.


The cutbacks will range from 5% of base salary for mid-level staff to as much as 25% for the company's chief executive, Pat Gelsinger, according to an unnamed source with knowledge of the situation who was not authorized to speak publicly.


Addy Burr, a spokesperson for Intel, said in a statement that the "changes are intended to have a greater impact on our executive population and will assist support investments and the overall workforce."


Intel reported this week that its profit margins were plummeting as the PC industry has cooled following many years of expansion during the epidemic.


Gelsinger also acknowledged that Intel had "stumbled" and lost market share to competitors like Advanced Micro Devices (NASDAQ:AMD) Inc, which on Tuesday posted quarterly sales that topped Wall Street's estimates.


In addition to 5% cutbacks for mid-level staff, vice president level individuals would experience 10% reductions, and the company's top executives other than the CEO will receive 15% declines, according to a source familiar with Intel's compensation cuts.


In addition, the company has reduced its 401(k) matching program from 5% to 2.5% and banned merit raises and quarterly performance bonuses, according to the source.


Annual performance bonuses based on Intel's overall financial performance will continue, although the size of these payments has diminished in recent years as the business has lost ground to competitors, the source said.