Daily Outlook: El Salvador will allow Bitcoin as legal tender and has already purchased 200 Bitcoins

2021-09-07 14:44:25

01

In August, the net increase in Chinese government bond holdings decreased month-on-month, and the narrowing of the China-US interest rate gap affected the speed of allocation:

The narrowing of the China-US interest rate gap shows that overseas investors took advantage of the allocation of Chinese government bonds in August. ChinaBond said that at the end of August, foreign institutions held about US$22,000 in Treasury bonds. Intentionally calculated, the net purchases of foreign institutions that month held about 17.3 billion yuan, which was a decrease of about 50% of the net increase in July; the end-of-period absorption tube accounted for 10.47% of the total amount of national debt. The China-US interest rate gap is currently back to around 150 basis points, which is about 10 basis points lower than at the end of July.

02

China will expand the Shenzhen Qianhai Cooperation Zone, soaring the level of Hong Kong-Shenzhen cooperation:

On the same day that Carrie Lam visited Shenzhen for the first time, the total area of the Special Qianhai Cooperation Zone in Hong Kong, China. According to the Xinhua News Agency’s announcement on Monday, the total area of the Qianhai Cooperation Zone, established in 2010, will be expanded by approximately 8 times, from the current approximately 15 bays to approximately 120 square miles. Macau’s plan is to bring Hong Kong and further remittances Big field. Its early cooperation zone expanded the financial industry to open to the outside world, deepened the liberalization of service trade with Hong Kong, supported financial institutions to support cross-border securities investment, etc., and took the lead in areas such as interconnection with Hong Kong's financial market, RMB cross-border business, and foreign exchange management facilitation.

03

China claims that it belongs to the government department’s off-campus training fees and overseas scale:

China stated that it should set the charging standards for compulsory education and extracurricular training institutions, another idea for China to reform the civilian education sector. The focus will be on the educational guidance prices and related policies for the outer weeks of the discipline-related off-campus training schools at the activity education stage before the end of 2021. Beijing has rectified government guidance prices and related policies for charging fees throughout the month. Beijing launched its private education department in July to prohibit profit-making or external benefits from discipline-based training institutions. It is forbidden to conduct any training on classes during holidays.

04

Chairman of the China Securities Regulatory Commission: Supporting relevant parties for practical cooperation in areas such as the supervision of China's concept stocks:

A statement issued on the website of the China Securities Regulatory Commission, the chairman of the World Congress (WFE) held in a formal speech, said that regulatory agencies in all regions and regions need to uphold the principle of marketization, display professionalism, and jointly resolve issues in cooperation. Various problems.

05

The economic rebound may rebound, and Australia suspects that it will consider delaying the devaluation plan:

The 16 scientists of the Australian Census postponed the heavy plan because of the reduction of debt purchases, and Delta caused a virus strain outbreak that ignited a rapid rebound in time. The long-term president of Philip Love said that it will affect the economy and how much help the government is more suitable to provide support.

06

El Salvador will allow Bitcoin as legal tender and has already purchased 200 Bitcoins:

El Salvador’s President Naybukler stated in a tweet that before the official launch of the business, the Salvadoran government purchased 200 Bitcoins. He said in the post that El Salvador will buy "multi-purpose" Bitcoin. Bitcoin is allowed to circulate as legally as the U.S. dollar.


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