金融稳定

【Pan Gongsheng: Since April, the financial market has shown strong resilience】

According to Jin Shi Data on May 7, on May 7, the Governor of the People's Bank of China, Pan Gongsheng, stated at a press conference held by the State Council Information Office that since April, despite facing significant shocks, the domestic financial system has remained robust, and the financial market has demonstrated strong resilience. The Shanghai Composite Index quickly rebounded after a decline on April 7. Currently, the 10-year government bond yield hovers around 1.65%, and after a depreciation, the RMB to USD exchange rate has now recovered to 7.2. #美联储FOMC会议 #币圈 #金融稳定 #区块链

Market optimism has been released, spot gold plummeted nearly 3% on Monday, and current bullish sentiment still slightly prevails. The three major U.S. stock indices surged significantly, with the Nasdaq closing at a new high since the end of February. How will market sentiment evolve? Feel free to visit the 'Database - JustForex Market Barometer' to check and subscribe (data updated every 10 minutes) #BTC重返10万 #金融稳定 #美股上涨 #区块链

🚀China Financial Stability Report Released, China's Economy Steadily Moving Forward in 2024 📈

Latest news, the People's Bank of China has released the "China Financial Stability Report (2024)", bringing us the latest dynamics of the Chinese economy. The report states that despite the complex international situation in 2023, the Chinese economy has still made steady progress, with GDP exceeding 126 trillion yuan, a year-on-year growth of 5.2%, stable employment conditions, and a stable RMB exchange rate, with a robust financial system.

The report also mentions that under the leadership of the central government, the financial system adheres to the principle of seeking progress while maintaining stability, supports the real economy, and prevents and controls risks. For example, by lowering the reserve requirement ratio and policy interest rates, more than 1 trillion yuan of medium- and long-term funds have been released to support microloans and manufacturing. In the real estate market, policies have also been introduced to support stable operations, such as reducing the down payment ratio and interest rates for personal housing loans.

In the face of external shocks, we also have coping strategies, such as adjusting the macro-prudential parameters for cross-border financing to maintain basic balance in international payments. The financial stability guarantee system is also continuously improving, such as accelerating the legislative process for the Financial Stability Law and strengthening the resource guarantee for risk disposal.

Looking ahead, the foundation of the Chinese economy is solid, resilient, and has great potential, and the long-term positive trend remains unchanged. The financial system will continue to implement proactive macro policies, maintain ample liquidity, and support key areas of high-quality development, such as technology finance and green finance. At the same time, it will also continue to strengthen risk prevention and control to ensure financial safety.

In summary, in 2024, the Chinese economy is steadily improving, the financial system is operating soundly, and in the future, we will continue to move forward and maintain high-quality economic development. Let's look forward to more good news together!

#中国经济 #金融稳定 #经济报告

Financial Earthquake! The U.S. Senate Strongly Pushes for Stablecoin Regulatory Bill, Wall Street Celebrates While Crypto Circle is Anxious!

Thunder Strikes on Capitol Hill! The Senate has just passed a procedural motion for the amendment to the "GENIUS Stablecoin Act," officially turning on the green light for its final vote. The full name of this bill is the "Generating Energy and Neural Intelligence for United States Stablecoins Act," a significant financial regulatory policy long in the making in Washington.

The core of the bill directly targets the lifeblood of stablecoins: it will mandate that all stablecoin issuing institutions must maintain a 100% reserve of cash and high-quality liquid assets, and must guarantee that stablecoins can always be exchanged for U.S. dollars at a 1:1 ratio. This means that any "stablecoin" supported by algorithms or partial reserves will completely lose its space for survival.

What is more noteworthy for the industry is that the bill proposes to impose "transitional restrictions" on existing stablecoin issuers while opening a "regulatory-friendly channel" for banking institutions—allowing them to launch their own "bank crypto tokens." This is a key provision strongly advocated by the Federal Reserve, signaling that Wall Street giants may dominate the future U.S. dollar stablecoin market!

Upon hearing the news, Wall Street immediately entered celebration mode. Top investment banks like JPMorgan and Goldman Sachs expressed their excitement over the bill. Meanwhile, existing stablecoin issuing giants such as Circle, Tether, and the crypto industry they support are feeling tense—the entry of banking giants will inevitably swallow their market share! A well-known crypto exchange CEO privately stated that the entry of traditional financial giants will bring a "tsunami-level impact" to the industry landscape.

This regulatory and innovation tug-of-war has entered the countdown! If the U.S. passes this bill, it will not only affect the trillion-dollar stablecoin market but will also determine the future dominant position of the U.S. dollar in the digital world. The boundary between the crypto world and Wall Street may truly be rewritten as a result!

#金融稳定
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【Pan Gongsheng: Establishing Risk Sharing Tools for Technology Innovation Bonds】Jin Ten Data, May 7 - On May 7, Pan Gongsheng, the Governor of the People's Bank of China, announced at a press conference held by the State Council Information Office the establishment of risk sharing tools for technology innovation bonds. The central bank will provide low-cost relending funds to purchase technology innovation bonds and cooperate with local governments and market-oriented credit enhancement institutions, among others, to share part of the default loss risk of the bonds through diversified credit enhancement measures such as joint guarantees, thus supporting technology innovation enterprises and equity investment institutions in issuing low-cost, long-term technology innovation bonds for financing. (Xinhua News Agency)
#币圈 #货币政策 #金融稳定 #区块链

Hello everyone, today we will talk about the 14th issue of the morning market analysis
Today's Bitcoin market analysis
The upper pressure is at 107,300
The lower support level is 103,300
Current trend: After a rise and peak, there is a pre-press drop and correction. If it does not break 105,800, it will maintain a fluctuation in the range of 105,800 to 106,500, and if it does not break through 107,300, it will enter a deep correction.
Operation method: Only high-position short positions near 107,000 are allowed for the first position. If the first round of decline does not break 105,800, and there is a second surge, we will decide whether to build positions again at 107,300 based on the situation.
ETH
Upper pressure level: 2520, upper pressure level: 2560
Lower support level: 2300, strong lower support level: 2380
Current trend: A rebound surge after a significant decline, the surge meets resistance and retraces. It maintains a fluctuation in the range of 2418-2468. During this downward adjustment phase, if it breaks below 2420, it will continue to decline and test 2400 again.
Operation: Mainly high shorts, rebound high shorts, high short points around 2472 or 2500
Sol
Upper pressure point: 174
Lower support level: 164, strong support level: 158
Current trend: The Guangdong MA 360 moving average rebounds and pulls up, currently rising, meets resistance and slightly declines for correction, entering a fluctuation and consolidation phase. The fluctuation and consolidation range is from 169 to 173.5, and if it does not break through 173.5 for a long time, it may correct to around 168.3.

【British Media: OpenAI and Microsoft in Talks to Unlock New Funding and Future IPO】 Jin Shi Data reported on May 11 that, according to the Financial Times, OpenAI and Microsoft are rewriting the terms of their multi-billion dollar partnership, aiming to enable the ChatGPT maker to conduct an IPO in the future while ensuring Microsoft retains access to cutting-edge AI models. As OpenAI's largest supporter, Microsoft is currently one of the key obstacles to OpenAI's restructuring plans. This restructuring will further distance OpenAI from its non-profit origins. A core issue in the negotiations is how much equity Microsoft will receive in the restructured company for its over $13 billion investment in OpenAI to date. According to several people familiar with the negotiations, both parties are also revising a broader set of contractual terms. This contract was initially signed in 2019 when Microsoft first invested $1 billion in OpenAI and is currently valid until 2030, covering Microsoft's access to OpenAI's intellectual property (such as models and products) and revenue sharing from product sales. Three informed sources stated that Microsoft is proposing to relinquish some of its equity in OpenAI's new profit-making ventures in exchange for continued access to its new technologies beyond 2030.
#MichaelSaylor暗示增持BTC #区块链 #金融稳定 #BTC重返10万

[Joint Statement of Sino-US Geneva Economic and Trade Talks: The two sides will establish a mechanism to continue consultations on economic and trade relations] The Joint Statement of Sino-US Geneva Economic and Trade Talks mentioned that the two sides will establish a mechanism to continue consultations on economic and trade relations. The Chinese representative is the Vice Premier of the State Council, and the US representative is the Secretary of the Treasury Scott Bessant and the US Trade Representative Jamison Greer. The consultations can be conducted in China, the United States, or a third country agreed by both parties. As needed, the two sides can conduct working-level consultations on relevant economic and trade issues. (Ministry of Commerce) #币圈 #区块链 #BTC重返10万 #金融稳定

Hong Kong stocks continue to decline, the Hang Seng Tech Index fell 3%, the Hang Seng Index fell 1.7%, Apple concept stocks led the decline, Sunny Optical Technology (02382.HK) fell nearly 7%, BYD Electronic (00285.HK) fell over 6%. #港股 #金融稳定 #区块链 #比特币减半完成

#金融稳定 Trump is causing people to be anxious!

#BTC突破99K "Good rain knows its season, when spring arrives, it will occur. It quietly enters the night with the wind, moistening things without a sound." Recently, the central bank announced a reduction in the reserve requirement ratio by 0.5 percentage points and a decrease in the policy interest rate by 0.1 percentage points. This measure is like a timely rain for the financial market, injecting new vitality into the economy. #币圈 #金融稳定 #区块链

It's so hard for traditional finance to transition to crypto #金融稳定