A week review
China's economic and trade negotiations with the United States have made progress this week.On Thursday (25th), a spokesman for the Chinese Ministry of Commerce, Gao Feng, said that the leaders of both Sino -US economic and trade consultations will meet in Shanghai from July 30th to 31st to conduct consultations on the basis of equality and mutual respect.
Although public opinion criticizing such a high -level trade dialogue outside the capital is not in line with the convention, the reasons given by the peak is that consultation at different locations is a very normal arrangement, and Shanghai has good conditions for consultation.
However, China decided to move the China -US negotiations to Shanghai, which is a hidden mystery.US Treasury Secretary Mnuchin said in an interview with the US CNBC TV on the 24th that the reason why China invited them to Shanghai is because for China, the Shanghai Bulletin is an important agreement between the United States and China and has significant significance.
Emphasize the business factors of negotiations
The Shanghai Bulletin is the first joint communique signed by China and the United States, which is of great significance in the establishment of diplomatic relations between China and the United States.The bulletin was signed by the US President Nixon at the time, which was signed with the then Chinese State Council Zhou Enlai in Shanghai on February 28, 1972.The main content, in addition to the United States in Taiwan, officially stated on an unscrupulous objection to a China position for the first time, and also stated that the normalization of Sino -US relations is in line with the interests of the two countries;; Keep contact with the pipeline.
Hong Kong South China Morning Post also reported on July 24. Analysts believe that China choosing Shanghai as a new place for Sino -US trade negotiations is to emphasize business factors that emphasize negotiations, not political factors.Signal.For example, the United States relaxes its sales restrictions on Huawei, the China Telecombing Giant, and the problem of Chinese agricultural products in China, rather than more difficult political issues.This decision in China may also be a new signs, indicating that Beijing is modifying its strategy when preparing for the long -lasting trade war.
Although the location of the negotiations was changed to Shanghai, analysts generally believe that there will be no breakthroughs in the talks.This is mainly due to the huge differences between the United States and China in substantial issues, and the degree of distrust of each other is deep.
China and the United States still have differences in China's economic structural reforms demanded by Washington and the United States required by Beijing to cancel all current punitive tariffs on Chinese goods.
U.S. officials also dilute the possibility of rapidly reaching an agreement with China.Among them, when the White House issued a statement on Wednesday (24th), when a statement was about to hold negotiations with Chinese representatives in Shanghai, Mnuchin had stated that before we reached an agreement, several meetings will be held in hellip; HelloP;Solve all problems.
However, before the negotiations in Shanghai, China and the United States made some efforts in improving the atmosphere of the negotiation.For example, according to people familiar with the matter, more Chinese buyers of American agricultural products obtain tariff reduction and exemption.The Chinese government has approved some domestic companies to purchase corn, cotton, sorghum, and pork from the United States, and are exempt from counter -tariffs.
Huawei has seen the clouds and seeing the moon?
According to data released by the US Department of Agriculture on Thursday, China purchased 50,1072 tons of US sorghum last week, the largest transaction since April.
In addition, Huawei may be able to see the Yueming, and the US President Trump met with the CEO of the Seven Science and Technology Companies in the United States on the 22nd.The company's supply permit was issued in a timely manner, and Trump agreed.
Because of this, the news that China and the United States will hold a high -level meeting in Shanghai still boost market emotions.China's stock market has led the Asian market this week.
On July 22, the Chinese version of Nasdaq (NASDAQ), which was held on July 22, and 25 companies listed on the Shanghai Stock Exchange Science and Technology Board.A new batch of billionaires.The science and technology board is regarded as an important policy of China's new supply -side reform. The purpose is to enhance direct financing. The company raises funds from investors through corporate debt and stock issuance.
Hong Kong society turmoil dragging Qianjing
While the science and technology board manufacturing a new rich in China, Hong Kong, which implemented one country, two systems, caused social turmoil because of the protests against the amendment to the amendment of the fugitive regulations and dragged down the money. Its rich classes were searching for hedging harbor.
According to Bloomberg, private bankers have received a large number of investors from Hong Kong investors, and they are worried about the long -term impact of Hong Kong's political crisis.One of the main Asian wealth management companies revealed that a large number of new funds have been transferred from Hong Kong to Singapore in recent weeks.
Under the protests, shoppers avoided Hong Kong, known as shopping paradise, and local retail rent or impact.
In addition, according to Wednesday's announcement, a residential plot at the former Kai Tak Airport in Hong Kong was sold at a price of HK $ 12.7 billion (S $ 2.2 billion) through government bids, which was HK $ 11,842 per square foot.Bloomberg data shows that this is the lowest price in more than two years.
The Kai Tak area is located in the east of Kowloon. It is the main source of supply of new residential land in Hong Kong. Since 2013, it has made a contribution of nearly HK $ 200 billion for government revenue since 2013.In this scarce land, land selling is one of the biggest sources of government income.
Sniper Hong Kong dollar contact exchange rate system
At present, there are already public opinion in the market to worry about Chen Delin, who is about to replace retirement on October 1st, and Yu Weiwen, who is the president of the Hong Kong HKMA, is worried that in terms of maintaining the stability of Hong Kong's financial stability, it will face many risks. From the real estate market that is about to move to the Hong Kong dollar contactIntermittent sniper of the exchange rate system.
A spokesman for the Chinese Ministry of Defense Wu Qian responded to the reporter's question at the press conference of the Chinese Defense White Paper on the 24th of the Chinese New Year on the 24th that some radical demonstrators' behavior challenged the authority of the central government and touched the bottom line of the principle of one country and two systems.It must not be tolerated, and the beads of the East cannot be defiled.From the perspective of investors, while the Central Government insists on implementing the governance of Hong Kong and the high degree of autonomy in one country, two Hong Kong people, and how to ensure how to ensure that Hong Kong's long -term prosperity and stability and residents' well -being of residents will not be dusty, it is also their most concerned.
