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Real-time News
On December 31st, it was announced that Shenzhen will fully launch subsidies for vehicle scrapping and replacement, vehicle trade-in, six types of home appliances for trade-in, and four types of digital products for purchase starting January 1st, 2026. For vehicle scrapping and replacement, the maximum subsidy is 20,000 yuan for new energy vehicles and 15,000 yuan for gasoline vehicles. For the purchase of new energy passenger vehicles, the maximum subsidy is 15,000 yuan, and for gasoline passenger vehicles, the maximum subsidy is 13,000 yuan. For the six types of home appliances, a subsidy of 15% of the products sales price will be provided, with each consumer eligible for one item per type, and a maximum subsidy of 1,500 yuan per item. For the four types of digital and smart products for purchase, a subsidy of 15% of the products sales price will be provided, with each consumer eligible for one item per type, and a maximum subsidy of 500 yuan per item.Futures News, December 31st: Asian diesel supply is ample while demand is weak, suggesting further downside potential for Singapore diesel prices in the short term. Domestic diesel demand is entering a seasonal decline, with a predominantly bearish sentiment. While domestic diesel prices are expected to fall further in the short term, high procurement costs will provide support, potentially limiting the decline compared to Singapore prices. Therefore, short-term diesel export arbitrage will likely remain low or even inverted.December 31st - In recent years, the central government has introduced numerous policies to reduce or adjust real estate taxes, covering three major taxes: deed tax, personal income tax, and value-added tax. According to calculations by the Shanghai E-House Real Estate Research Institute, the implementation of these tax reduction policies could reduce housing transactions nationwide by approximately 100 billion yuan annually. From the perspective of homebuyers and sellers, these tax reductions are not merely symbolic discounts of a few thousand yuan for ordinary families; they represent substantial cash relief ranging from 100,000 to 500,000 yuan. For homebuyers in first-tier cities looking to upgrade their homes, the tax reduction could even cover two to three years worth of living expenses.On December 31, the Shenzhen Branch of the Peoples Bank of China disclosed an administrative penalty notice, stating that Shenzhen Rural Commercial Bank was warned and fined for violating account management regulations and financial statistics regulations. In response, a representative of Shenzhen Rural Commercial Bank told the Securities Times that the administrative penalty notice was a result of the Shenzhen Branch of the Peoples Bank of Chinas handling of issues discovered during an inspection prior to November 2022. The bank took this matter very seriously, earnestly implemented all regulatory requirements, and optimized relevant processes and systems in 2023, completing the rectification. The bank has learned a profound lesson and will continue to strengthen internal control and compliance, regularly review processes and systems, adhere to the principles of compliant operation and prudent development, effectively prevent risks, and continuously improve its operational management level and service quality.According to the latest shareholding structure, the National Commercial Bank of the UAE has sufficient room for foreign ownership in the bank, allowing it to hold at least 51% of the shares.
