頗懷疑這時候放出金融穩定法風聲,是為了接下來的違約潮與更嚴苛的資金管制做準備。前者可能是不認帳或轉移損失,後者可能是將各方面資金限制檯面化降低流動。

"中國銀行央行副行長劉桂平也在3月的1篇文章敦促改革,他指出,中國的金融規則過於分散,可以借鑑美國的《多德—弗蘭克法案》及其他主要經濟體的金融改革經驗。劉桂平認為,中國需要一致的金融穩定法。

劉桂平已向全國人大呈交提案,並建議在條件成熟時盡快出台。但北京威諾律師事務所合夥人Yang Zhaoquan指出,完成這項法案可能得花上3到5年的時間,他稱,由於風險事件接連出現,不僅損害市場,還波及金融及社會穩定性,因此迫切需要更多且強大法律工具。

《彭博》指出,像共產黨這樣執著於「掌控」的政府,在監管金融機構的行為似乎不太一致,一方面是疏忽對華融的監管,導致該公司爆發財務危機,一方面卻又警告像螞蟻集團這樣的公司影響力過大。"

ec.ltn.com.tw/article/breaking

中國的私人上市企業國有化早已開始:

“中國《21經濟網》報導,從數據上看,中國國有資本瘋狂掃貨A股上市公司股權,主要是地方國資,控制權易主成國資的統計(已完成過戶),2018年有16家、2019年34家從民企業變國企,而2019年更佔當年民企易手數量的6成,2020年有40家,佔易手民企的51.95%。”

“這些國資在取得控制權後,就會透過協議轉讓及表決權委託的形式,公司控制權轉移到各地政府手上。

這些上市公司控制人易主給國資,幾乎都是大股東「甩賣」資產,而國資「撿漏」成老為老闆,不過,其中的背景之一是,2018年IPO審核從嚴,逼得民企只能四處融資或引進新的資金,產生「國資紓困潮」,一堆民營公司「被易手」成國資公司,2019年不止融資更嚴,且經濟下行壓力加大,民企流動性危機加劇,致使控制權易手數量再創新高。”

ec.ltn.com.tw/article/breaking

WSJ關注孫大午案並對審判做了報導:

[“Is it dangerous when private businesses grow big? Is it not dangerous when state-run enterprises grow big?” Mr. Sun told the court on Wednesday, according to a transcript provided by the defense team. “I really hope that Dawu Group’s experience can let President Xi know that the implementation of socialism can work and can withstand examination from everyone.”

In his statement, Mr. Sun sought leniency for his company. “It’d be best for me to admit guilt and wrongdoing, for me to bear the burden,” he was quoted as saying. After the verdict was announced, Mr. Sun told his lawyer that he wants to appeal against his conviction, according to the defense team.]

wsj.com/articles/outspoken-chi

BBC和美聯社也沒漏掉孫大午案:

"Other charges against him include illegally occupying farmland, assembling a crowd to attack state agencies and obstructing government workers from performing their duties. He was also fined 3.11 million yuan ($478,697; £343,227).

Sun's company is among China's biggest, with businesses ranging from meat processing and pet food to schools and hospitals.

He was reportedly detained last year, along with 20 relatives and business associates, over a land dispute with a government-run farm.

At the time, he said dozens of his employees were injured in an incident with police related to the dispute, according to an AFP report."

bbc.com/news/world-asia-china-

WSJ分析則認為中國政府評判製造業優於網路業:

[ But in the view of Chinese leaders, consumer internet companies inflict costs on society that aren’t reflected in private market values. Companies such as Ant threaten the stability of the financial system, online education feeds social anxiety and online games such as Tencent’s represent an “opium for the mind,” as one state-owned publication put it this week.

Conversely, Chinese leaders think manufacturing confers social benefits that market values don’t reflect. For decades, it has been how the country created jobs, raised productivity and disseminated essential skills and know-how. Now, to achieve parity with the West, they think China must be able to make the most advanced technology, and will use subsidies, protectionism and forced technology transfers to achieve that.]

wsj.com/articles/china-wants-m

從雞娃轉為雞父母~🤣 🤣 🤣 🤣

" 新東方創始人俞敏洪日前在社群媒體轉發新東方素質成長中心升級啟動的消息。中心下設藝術創作、人文發展、語商素養、自然科創、智體運動、優質父母6大類,其中優質父母智慧館受眾人群為小學至高中生的家長,主要授課內容包括家庭教育、育兒方法、時間分配、高效學習等。"

cna.com.tw/news/acn/2021081300

補教業的倒閉潮:

"中國《財經》報導,今年以來已有約14萬教育培訓公司註銷。且知名的補教業巨頭上海啟文教育、傑睿教育、趣口才等一眾公司近日也宣布破產;而已有27年歷史的老牌業者「巨人教育」也在8月31日透過公眾號發文宣佈倒閉,且無法退費。"

ec.ltn.com.tw/article/breaking

從八月以來接二連三打擊非製造業的各類新興行業其後果開始顯現:

"So far, recent waves of layoffs appear to have hit the tech, property and education sectors harder than many other areas of the economy. The urban unemployment rate was 5% in November, below its level in December 2019, at the start of the pandemic, according to official data.

Still, other figures signal stress emerging in some corners of the labor market. The unemployment rate for those ages 16 to 24 was 14.3% in November, up from 12.8% a year earlier.

Income growth for those working in cities has stayed relatively soft. Urban disposable income per capita increased by 11.4% and 9.5% during the first six and nine months of this year from a year earlier respectively, trailing China’s overall economic growth of 12.7% and 9.8% during the same period, according to China’s National Bureau of Statistics. In 2019, urban wages grew faster than China’s gross domestic product."

wsj.com/articles/in-china-job-

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在共同富裕的槍打出頭鳥的政策下,創業成功變成政治風險,加上社保稅收紛紛提高,內需經濟將更形萎縮:

“根據統計,今年前 11 個月,中國約有 437 萬家中小企業永久關閉,是同期新開業企業數量的3倍多;估計今年註銷的中小企業數量很可能超過去年的445萬家,創歷史新高,幾乎是2019年的2倍,是2018年的10倍左右。

報導稱,2021年,中國平均每個月有39.74萬家微型和小型公司關門大吉,超過了去年的月平均 37.07萬家。

雪上加霜的是,在政府整肅企業下,想要創業民眾也心寒,今年前11個月,中國新開中小企業僅132萬家,去年則高達613萬家。

報導直言,中小企業堪稱是中國的經濟支柱,佔中國稅收的一半、GDP的60%和城鎮就業的80%。在倒閉潮衝擊下,中國今年Q4的GDP增幅恐降至 4% 以下。”

ec.ltn.com.tw/article/breaking

很久沒聽到的中國三角債風暴又要來了嗎?

"中國銀行研究院2022年8月發布的報告說,總計至去年年中,全中國逾期未償的款項總額超過6兆7000億人民幣(約新台幣29兆6880億元),這個數字相當於當時中國未清償貸款總額的3.2%,導致中國中小企業極為艱苦。"

cna.com.tw/news/acn/2023051501

陸金所成為中國中小企業狀態觀察指標:

"Lufax, a Chinese internet-lending platform that caters mostly to small-business owners, said last month that about 5.7% of the total loans it facilitated were more than 30 days past due at the end of March. Its loan-delinquency rates, which are higher for unsecured loans, have risen for six consecutive quarters. "

wsj.com/articles/chinas-small-

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