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Hi everyone. I’m Stephanie LI.

大家好，我是主持人李莹亮。

重点提要 

-Top banking regulator said China has made progress in preventing and defusing financial risks;

-Chinese food delivery platforms Ele.me and Meituan reduce commission for pandemic-affected merchants.

中国经济要闻

China has made continued efforts to forestall and defuse financial risks while supporting steady economic recovery, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, at a press conference on Wednesday.

To expand consumer demand and investment, Guo suggested that the banking and insurance industry should better support the operation of small and micro businesses, support rural vitalization, and provide services for new urban residents.

Speaking of the real estate market, Guo said that housing price adjustments and restructuring of demand are good for China's financial sector but regulators expect to see a smooth transition rather than drastic adjustments that could have a huge economic impact.

Despite slump in housing prices last year, homes, especially rental housing, and home decorations are still needed. Therefore, it is very meaningful to provide financial services in this regard, Guo said.

Guo also revealed the process of rectification on online finance, saying that the rectification has proceeded relatively smooth. Last April, a number of Chinese financial departments held talks with representatives from a dozen online platforms that have financial businesses, including Tencent, ByteDance and JD Finance.

According to Guo, the rectification of the companies faces various challenges, including areas such as data, personal privacy protection, and individual and corporate information. But in general, the government has confidence the rectification can be achieved well. 

3月2日，银保监会主席郭树清与五家大型金融机构董事长一同出席国新办新闻发布会，介绍促进经济金融良性循环和高质量发展有关情况。

会上，郭树清介绍了2021年中国银保监会和整个银行业保险业的主要成绩。当前由于国际国内发展环境不稳定，无论是消费还是投资增长都较缓慢。将出台哪些政策支持经济稳增长？郭树清表示，从银行业和保险业的角度来说，希望能够更有针对性地支持扩大消费，扩大投资：首先是要支持中小微企业生产经营；二是支持乡村振兴；三是要出台一个做好对“新市民”服务工作的文件。

针对当前市场高度关注的房地产市场问题，郭树清强调，现在房地产的价格有一些调整，需求结构产生一些变化，对金融业来说是一个好事，但是不希望调整得太剧烈，对经济影响得太大，还是要平稳转换。

郭树清表示，2021年房地产泡沫化、金融化势头得到根本扭转。“但是，住房还是需要的，特别是租赁住房，装修也还是需要的，做这方面的金融服务很有意义。”

关于互联网平台业务整改方面，郭树清表示，14家互联网平台企业涉及金融业务的，从前年以来一直在进行整改，总体进展情况比较顺利，总体上有充分的信心做好整改。

2021年4月29日，金融监管部门对包括蚂蚁集团、腾讯、字节跳动、京东金融在内的从事金融业务的网络平台企业进行了监管约谈，提出金融业务必须持牌经营，合规审慎开展互联网存贷款等多方面的整改要求。

疫情简报

The Chinese mainland added 54 locally transmitted cases on Wednesday, among which 28 were in Guangdong province.

3月2日，内地新增本土病例54例（广东28例，其中深圳市23例、东莞市5例；内蒙古7例，其中呼和浩特市6例、包头市1例；湖北4例，均在武汉市；吉林3例，均在延边朝鲜族自治州；上海3例，均在普陀区；广西2例，均在防城港市；天津1例，在滨海新区；河北1例，在邯郸市；山西1例，在晋中市；黑龙江1例，在哈尔滨市；江苏1例，在苏州市；四川1例，在成都市；云南1例，在德宏傣族景颇族自治州）。

产经消息及公司新闻

Leading Chinese meal delivery platform Meituan said late Tuesday that it plans to halve its commissions in areas where caterers are experiencing difficulties and it will cap fee for each order at 1 yuan. Alibaba-backed food delivery giant Ele.me also announced Wednesday that it will allocate an initial fund of 20 million yuan in commission for pandemic-hit merchants. 

两大平台帮扶中小商户：3月1日晚间，美团宣布推出六项帮扶举措，包括针对完成费率透明化的困难商户，实行技术服务费（佣金）5%封顶；针对疫情中高风险地区以及所属区县日均交易额下降超30%的困难商户，实行技术服务费减半优惠，且减半后每单1元封顶。3月2日，饿了么也宣布首批投入2000万助商家纾困，所有中高风险区域商家将获饿了么佣金减免。

US-listed shares of Chinese video platform iQiyi soared 22 percent on Tuesday, as the company said it targets breaking even this year after racking up losses in the 11 years since it was founded.  For the 12 months ended Dec. 31, iQiyi’s net loss narrowed over 11 percent from the year before to 6.2 billion yuan, according to its financial report released Tuesday. 

爱奇艺亏损收窄：3月1日，爱奇艺发布2021年财报，2021财年营收为306亿元人民币，非美国通用会计准则财务指标运营亏损30亿元，运营亏损率从上年同期的15%收窄至10%，达过去三年来的最低点。爱奇艺CEO龚宇明确表示，将盈亏平衡作为今年新目标。 

The founder of Haidilao International Holding Zhang Yong stepped down as CEO and will be replaced by his deputy CEO. The company is bracing for losses of up to 4.5 billion yuan in 2021, a far cry from 2020’s profit of 309.5 million yuan, while its revenue is expected to jump 40 percent from the year before to 40 billion yuan.

海底捞“换帅”：3月1日，海底捞张勇卸任首席执行官，副首席执行官兼首席运营官杨利娟调任CEO。此前海底捞发布盈利警告表示，2021年全年收入预计超过400亿元，同比增长超40%。2021年净亏损约38亿元至45亿元，而2020年全年录得净利润3.09亿元。

金融市场要闻

China will further improve its regulatory framework of monetary and macro-prudential policies, as part of efforts to step up counter-cyclical adjustments and curb risk contagion, according to the central bank.

央行健全双支柱调控框架：人民银行网站3月2日消息，2月28日，人民银行召开2022年宏观审慎管理工作电视会议。会议要求，进一步健全货币政策和宏观审慎政策双支柱调控框架，发挥好宏观审慎管理着眼宏观、逆周期调节、防风险传染的功能。

China's third batch of pilot regions for trials of the digital yuan will be unveiled soon, with Fuzhou, Xiamen and Hangzhou cities expected to be selected, media reported Wednesday.

数字人民币第三批试点地区：2日消息，据媒体报道，全国第三批数字人民币试点地区即将亮相，福州市、厦门市、杭州市有望成为第三批数字人民币试点城市。

最后来看股市收盘情况

Chinese stocks closed lower on Thursday with battery, aerospace and photovoltaic devices sectors recorded losses. The benchmark Shanghai Composite lost 0.09 percent and the Shenzhen Component came down 1.09 percent. The Hang Seng Index gained 0.55 percent, however, as the booming ports and logistics stocks went strong.

周四A股高开低走，沪指跌0.09%，深成指跌1.09%，创业板指跌1.51%。行业板块方面，电池、航天航空、光伏设备等跌幅靠前。恒生指数收涨0.55%，港口运输股走强。

Biz Word of the Day

财经词汇划重点

Macro-prudential policies are the financial policies aimed at ensuring the stability of the financial system as a whole to prevent substantial disruptions in credit and other vital financial services necessary for stable economic growth.

宏观审慎政策，是从宏观的、逆周期的视角采取措施，防范系统性金融风险，提高金融体系韧性和稳健性，降低金融危机发生的可能性和破坏性，促进金融体系的整体健康与稳定。