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On March 25th, the Beijing Municipal Commission of Planning and Natural Resources released its second round of proposed residential land supply list for 2026, involving four plots with a total area of approximately 22 hectares and a building area of approximately 380,000 square meters. These plots are planned for supply in the near future. All plots offered in this round are located in areas with strong market demand and well-developed infrastructure and public services. In terms of regional distribution, one plot is located in the central urban area (Fengtai District), two plots are located in the sub-center and multiple plain areas (Tongzhou District), and one plot is located in the ecological conservation area (Huairou District).On March 25, Assistant Minister of Commerce Yuan Xiaoming and Secretary for Economy and Finance of the Macao Special Administrative Region Government Tai Kin Ip co-chaired the eighth meeting of the Mainland-Macao Economic and Trade Cooperation Committee. Yuan Xiaoming stated that 2026 marks the start of the 15th Five-Year Plan. Macao is currently drafting its 3rd Five-Year Plan. Holding this meeting of the Mainland-Macao Economic and Trade Cooperation Committee at this time is of great significance for supporting Macaos proactive alignment with the 15th Five-Year Plan and deepening bilateral economic and trade relations. The Ministry of Commerce will further promote the expansion and implementation of CEPA, support Macaos participation in the Belt and Road Initiative, assist Macao in building a platform between China and Portuguese-speaking countries, and promote the moderate diversification of Macaos economy.French Finance Minister: The situation in the French energy market is not as dire as in some other European countries.On March 25th, Gu Jinxu, Deputy Director of the Beijing Municipal Bureau of Economy and Information Technology, stated at the "2026 Investment Beijing Conference" that the bureau will issue and implement a development plan for high-tech and cutting-edge industries, aiming to make Beijing a globally influential emerging industry hub. Regarding comprehensive industrial support, Gu Jinxu stated that the bureau will improve industrial investment, encouraging various funds and investment institutions to invest early, in small-scale, long-term, and in core technologies. The bureau will also coordinate and utilize eight government investment funds totaling hundreds of billions of yuan to guide and drive social capital investment in high-tech and cutting-edge industries. Furthermore, the bureau will support financial institutions in innovating financial products, deepening industry-finance cooperation, and implementing an investment institution partnership program.On March 25th, Scotiabank stated that while Canadas economic growth has slowed in the short term, this is likely temporary, and therefore the Bank of Canada will not react. The bank also anticipates that even if changes in the balance of inflation risks do require caution, the central bank will not respond to the direct impact of rising oil prices on inflation. Therefore, Scotiabanks analysis suggests that the Bank of Canada will begin a gradual exit from monetary stimulus and shift to a more neutral stance by the end of the year. This implies that the bank will maintain interest rates unchanged in the short term until the renegotiation of the USMCA is finalized.

ETH Bulls Target a Return to $1,600 on Shanghai Hard Fork Sentiment

Cory Russell

Jan 17, 2023 15:20

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On Sunday, Ethereum (ETH) increased by 0.19%. ETH gained 6.75% on Saturday before gaining 20.39% for the week to $1,553. For the second time since November 7, ETH ended the day above $1,500.


ETH saw a negative start to the day, dropping to a low of $1,516 in the morning. ETH increased to a high of $1,567 in the late afternoon after avoiding the First Major Support Level (S1) at $1,467. ETH slipped back to conclude the day at $1,553 after failing to pass the First Major Resistance Level (R1) at $1,616, however.


Bitcoin (BTC) decreased by 0.40% on Sunday. BTC concluded the week up by 21.83% to $20,882, somewhat erasing a 5.20% rise from Saturday. Notably, BTC had its seven-session winning run come to an end while testing $21,000 for the second time since November 7.


As the day got off to a negative start, BTC dropped to an early low of $20,566. BTC increased to a high of $21,055 in the late afternoon, avoiding the First Major Support Level (S1) around $20,116. BTC crept slightly to close the day at $20,882, but it fell short of the First Major Resistance Level (R1) at $21,597.