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On September 20, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Opinions on Promoting the Reform of Higher Education Institutions by Category." The Opinions point out the need to improve the mechanism for categorized development. This includes perfecting the scientific establishment mechanism for higher education institutions, strengthening national top-level design and macro-guidance; establishing a categorized management mechanism for higher education institutions, promoting the formation of a higher education governance system and governance methods adapted to the categorized development of higher education institutions; constructing a categorized evaluation mechanism for higher education institutions, building a multi-track, multi-entity evaluation system; improving the incentive mechanism for resource allocation; strengthening the talent supply and demand matching mechanism, and improving the mechanism for adjusting disciplines and majors and talent training models driven by national strategic needs.On September 20th, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Opinions on Promoting the Reform of Higher Education Institutions by Category." The Opinions point out the need to optimize the categorized layout structure. It calls for the scientific construction of a categorized development system for higher education institutions, distinguishing between comprehensive and specialized basic directions, establishing a categorized framework, and creating diverse and adaptable categorization models based on affiliation. It also emphasizes coordinating the development of universities affiliated with central government departments and local universities; coordinating the allocation of higher education resources; coordinating and improving the talent cultivation structure; and coordinating the use of international and domestic resources. Furthermore, it stresses the need to stimulate the momentum of categorized development. This includes building a supporting force for serving major national strategies, leveraging the guiding role of the "Double First-Class" initiative in the reform of research universities; strengthening the foundation for serving regional economic and social development, implementing the construction project for high-quality, distinctive applied undergraduate institutions and disciplines, and optimizing the implementation of the high-level higher vocational school and professional construction plan; consolidating the support force for serving industry innovation and development, leveraging the traditional advantages of industry-specific universities, and strengthening their ability to serve the real economy; and constructing a new form of integrated development of higher education, exploring new models for cultivating top-notch innovative talents for the nation.On September 20th, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Opinions on Promoting the Reform of Higher Education Institutions by Category," making systematic arrangements for promoting the reform of higher education institutions by category. The "Opinions" point out that promoting the reform of higher education institutions by category should adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the Partys education policy, uphold the socialist orientation of education, strengthen the Partys overall leadership over education, adhere to the general principle of seeking progress while maintaining stability, fully grasp the political, people-oriented, and strategic attributes of education, adapt to the development characteristics of the popularization stage of higher education and the changing trends of the school-age population, coordinate education around national strategic needs, take overall planning as the guide, category-based reform as the driving force, and scientific evaluation as the facilitator, to build a self-reliant and excellent higher education system and accelerate the construction of a strong education nation.On September 20th, Qiyuan Robotics held a new product launch event in Shanghai. At the event, Suzhou Ruixin Integrated Circuit Technology Co., Ltd. was officially announced as Qiyuan Robotics computing power ecosystem partner. The two parties will collaborate on technology to meet the computing power needs of humanoid robots, jointly promoting the application of dataflow architecture AI chips in humanoid robot scenarios. Industry insiders stated that this collaboration reflects new changes in the domestic humanoid robot industry chain. From terminal products to core computing power, localization is extending deeper along the industry chain.On September 20th, Nanjing issued a "Notice on Carrying Out Housing Provident Fund Withdrawal for Home Renovation and Property Management Fees." The notice supports withdrawals for home renovation. From September 20th, 2026 (inclusive), contributors and their spouses who renovate their owner-occupied homes within the Nanjing administrative region can apply to withdraw housing provident funds. The withdrawal amount is determined based on the renovation invoice amount, not exceeding 1,000 yuan per square meter, with a maximum total family withdrawal of 150,000 yuan. The application period is within one year from the date of the renovation invoice. Each family is limited to one renovation withdrawal application, and each property is limited to one renovation withdrawal application. The notice also supports withdrawals for property management fees. Contributors and their spouses who own owner-occupied homes within the Nanjing administrative region can withdraw housing provident funds to pay for the current years property management fees. If a property management fee invoice can be provided, the withdrawal amount is determined based on the actual amount of the property management fees paid in the current year, with a maximum annual family withdrawal of 5,000 yuan; if a property management fee invoice cannot be provided, the maximum annual family withdrawal is 1,000 yuan. Each family is limited to one property management fee withdrawal application per calendar year.

USD/CHF Steady at 1.0020 as DXY Pauses, Powell and US Retail Sales Take Center Stage

Daniel Rogers

May 16, 2022 10:46

The USD/CHF pair is bouncing within a small range between 1.0020 and 1.0030 in early Tokyo, as the US dollar index (DXY) is not gaining much traction due to Monday's light economic calendar. Although broad-based fundamentals continue to favor the dollar bulls, the Federal Reserve (Fed) is projected to raise interest rates by another significant number in June in an effort to limit the inflation issue.

 

Last week, Fed's Powell's interview with the national radio show Marketplace revealed the ongoing conversations among Fed policymakers regarding anticipated rate hikes in monetary policies. Fed Powell indicated that the Fed could declare two additional rate hikes in the next two consecutive monetary policy sessions in order to tame the soaring inflation.

 

In the meantime, the US dollar index (DXY) is poised between 104.46 and 104.60 after reaching a new 19-year high of 105.00 on Friday. The DXY appreciates the broader gains but requires further triggers to maintain strong. In the future, two significant events on Tuesday will keep investors occupied. First will be Fed Chairman Powell's speech, which will likely influence monetary policy action in June. The second significant event is the monthly US Retail Sales report, which is anticipated to increase by 0.7% from the previous reading of 0.5%.

 

In terms of the Swiss franc, Friday's Industrial Production data will be the focal point. The catalyst reached 7.3% the previous time. A greater-than-anticipated number will strengthen the Swiss franc against the U.S. dollar. 

USD/CHF

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