EUR/USD
1.17418
0.180%
Gold
4713.58
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Oil
95.049
4.126%
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159.221
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GBP/USD
1.35433
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GBP/JPY
215.642
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Real-time News
On April 27th, Commerzbank analyst Thu Lan Nguyen stated in a report that market expectations for interest rate hikes by the Bank of England and the European Central Bank appear excessive ahead of meetings later this week, thus putting the pound and euro at risk. LSEG data shows that money market pricing indicates the Bank of England and the European Central Bank will keep interest rates unchanged on Thursday but will raise them twice before the end of the year. "We are particularly skeptical of market expectations regarding the ECB and the Bank of England," Nguyen said. She stated that there is considerable room for these expectations to be reassessed, and therefore, exchange rates could experience significant volatility.On April 27, the draft revision of the Law on State-Owned Assets of Enterprises was submitted to the 22nd session of the Standing Committee of the 14th National Peoples Congress for its first review. The revision adheres to the leadership of the Party, a problem-oriented approach, the principle of balancing development and security, and the principle of seeking progress while maintaining stability. The draft revises 71 articles and adds 32 new articles, comprising nine chapters and 109 articles, comprehensively revising the existing law. Major revisions include improving the modern enterprise system with Chinese characteristics, improving the management and supervision system for state-owned assets of enterprises, clarifying the principle of classified management, and improving the management system for state-owned capital gains. The Law on State-Owned Assets of Enterprises stipulates the basic system for the management and supervision of state-owned assets of enterprises in my country. Since its implementation on May 1, 2009, it has provided strong legal protection for the reform and development of state-owned assets and enterprises. During the 15th Five-Year Plan period, my countrys development environment faces profound and complex changes. Revising and improving the Law on State-Owned Assets of Enterprises, using legislation to guide and guarantee the reform and development of state-owned assets and enterprises, and strengthening the rule of law in the management and supervision of state-owned assets, is of great significance for ensuring the sustained and healthy development of the state-owned economy.The Blue House in South Korea announced that South Korea and Google have reached an agreement to build an AI park in South Korea.On April 27th, it was reported that on April 21st, Shan Zhongde, member of the Party Leadership Group and Vice Minister of the Ministry of Industry and Information Technology, and Director of the China National Space Administration, chaired a roundtable meeting on the high-quality development of commercial aerospace. The meeting emphasized the need to strengthen strategic planning and standard guidance, improve the policy, regulatory, and standard system for commercial aerospace, fully leverage the role of the Civil and Commercial Aerospace Professional Standardization Technical Committee and related standardization organizations and professional institutions in the "rocket, satellite, field, frequency, and network" sectors, accelerate the development of urgently needed standards, build a public service platform for commercial aerospace, innovate the "one-stop" approval model, and create a favorable development ecosystem, ensuring both "flexible" and "effective" regulation. The meeting stressed the importance of significantly enhancing the level of industrial development, comprehensively strengthening key technology research, focusing on building a high-quality cadre and talent team, proactively planning new business models such as space computing power and space manufacturing, deeply expanding commercial application scenarios, and striving to achieve a closed-loop business model. It also emphasized the need to vigorously promote the integrated development of "rocket, satellite, field, frequency, and network" sectors, and the integrated development of technology, products, and standards, jointly creating a new pattern of high-quality development for commercial aerospace, and empowering the accelerated construction of a space power.On April 27, Foreign Ministry Spokesperson Lin Jian held a regular press conference. A Bloomberg reporter asked about the US sanctions imposed on a Chinese private oil refinery due to its ties to Iran, with the US Treasury Department announcing last Friday that the company had been blacklisted. What is the Foreign Ministrys comment on this? Lin Jian stated that China consistently opposes illegal unilateral sanctions lacking a basis in international law and urges the US to cease its erroneous practices of abusing sanctions and exercising long-arm jurisdiction. China will resolutely safeguard the legitimate rights and interests of its enterprises.
