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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, the plenary session of the 2026 International Biomedical Industry Innovation Beijing Forum was held in the Beijing Economic-Technological Development Area on September 19th. The forum, themed "Gathering Global Innovation, Exploring the Frontiers of Life," released a number of the citys latest achievements in the pharmaceutical and healthcare industry. At the forum, Beijing announced 12 key projects to be launched in 2026, eight of which are located in the Beijing Economic-Technological Development Area, covering various types including regional headquarters, strategic emerging industry headquarters, and R&D and industrialization bases.

Daily Cryptocurrency Market Highlights - SOL Contradicted a Bullish Top Ten Trend

Daniel Rogers

Oct 24, 2022 15:57

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The top 10 cryptocurrencies had a mixed Saturday session, with solana (SOL) breaking the trend. Friday's less hawkish FOMC member talk continued to give support for the overall market despite the session's lack of volatility. The market capitalization of cryptocurrencies increased by $3.7 billion to $880,3 billion, lowering October's deficit to $26 billion.

 

The Saturday session for the top ten cryptocurrencies was mixed. Solana (SOL) defied the top ten trend, while Ethereum (ETH) and Ripple (XRP) led the way. Despite the positive session, Bitcoin failed to surpass $20,000 for the fifteenth straight day, avoiding a drop below $9,000 in the process.

 

Due to the absence of external market factors, investors were forced to evaluate FOMC member comments from Friday.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Members of the Federal Open Market Committee (FOMC) are rumored to be discussing a lesser rate hike in December, which has bolstered hopes for an end to the aggressive inflation targeting policies.

 

Mary Daly, a FOMC member, stated on Friday that it is time to consider easing back, which should prevent a Fed-induced recession. Former Fed Chair and US Treasury Secretary Janet Yellen also made crypto-friendly remarks. Yellen observed no indications of inflation getting rooted in the U.S. economy.

 

The talk on Friday reduced the likelihood of a 75-basis-point rate hike in December. According to the FedWatch Tool, the chance of a 75-basis point rate hike in December has decreased from 75.4% on Thursday to 45.6%.

 

The lowering odds on a December hawkish move are crypto-positive. However, with the FOMC in its blackout period, Monday's economic data could bring uncertainty. The October PMIs for the US private sector will garner significant interest. Positive headline and subcomponent statistics could rekindle hopes for a 75-basis-point increase in December.

 

Earlier in the Monday session, China's Q3 GDP figures will also garner notice. However, we anticipate the NASDAQ 100 Mini to set the tone during the final hour of trading today (UTC). The decline in the likelihood of a December rate hike predicts a bullish start to the week.

 

After a Bullish Saturday, the Crypto Market Eyes its Third Straight Gain. The crypto market fell to a low of $872.4 billion in the early hours of the day due to a mixed start to the day. However, after finding support throughout the morning, the cryptocurrency market reached a high of $884,9 billion in the early afternoon before retreating.

 

Despite the decline, the crypto market increased by $3.7 billion to $880,3 billion by the end of the day. The crypto market lost $26 billion in October after a second consecutive increase.

 

While the start of the Sunday session is bearish, a third consecutive bullish session would be the first since September 12, the day before the August US CPI report.

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