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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, 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.On September 20th, according to Qichacha APP, Shanghai Moqi Wanxiang Intelligent Technology Co., Ltd. recently underwent industrial and commercial registration changes, adding Hangzhou Haoyue Enterprise Management Co., Ltd., an Alibaba-affiliated company, as a shareholder, and increasing its registered capital to 1.5424 million yuan. Public information shows that Moqi Intelligent focuses on the research and development of embodied intelligent robots.

Gold Price Prediction: XAU/USD falls below the $1,670 barrier before the Fed's chosen inflation gauge

Alina Haynes

Oct 28, 2022 15:18

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Gold price (XAU/USD) consolidates its second consecutive weekly gain as bears test the $1,658 mark ahead of Friday's European session. In doing so, the yellow metal traces the recent decline in commodities and Antipodean currencies against the backdrop of the dollar's recovery.

 

In spite of this, the US Dollar Index (DXY) gains bids to extend yesterday's gains to 110.65 as 10-year US Treasury yields rise to 3.94 percent. In spite of this, benchmark bond coupon yields reverse a 10-week advance, which boosted equity and gold prices earlier in the week.

 

While seeking answers, the market's nervousness ahead of the US Core PCE Price Index for September, which is anticipated to jump to 5.2% from 4.9% previously, might be viewed as significant in light of the recent pullback in hawkish Fed wagers. As buzz surrounding the Fed's easy rate hike in December intensifies, the inflation number and market wagers on the Fed's next action become increasingly significant.

 

Other than the rebound in the DXY, economic concerns about China, one of the world's largest commodity consumers, and geopolitical concerns about Ukraine impose downward pressure on the XAU/USD exchange rate. "The International Monetary Fund (IMF) lowered its economic estimates for Asia on Friday due to global monetary tightening, increasing prices blamed on the war in Ukraine, and China's rapid slowdown," said Reuters.

 

In the midst of these plays, stock futures are red, mirroring Wall Street's poor performance, as bond markets pare recent gains.

 

In a probable lively session, the US inflation data and pre-Fed worries could provide XAU/USD bears some motivation.