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Guotai Jun'an: Next year, 5G mobile phones will usher in a large-scale switching trend, with an estimated shipment of more than 200 million units. The most resilient performance of this switching trend is not necessarily the mobile phone manufacturers, but the core component suppliers in the industrial chain. (Wande Stock)
【Ren Zhengfei: We are only worried that Huawei's products won't sell.) On the 19th, the U.S. government will decide whether to continue to liberalize the supply of Huawei or to completely ban it. At the same time, the US is still pressing its allies to exclude Huawei from the 5G network. Ren Zhengfei expressed confidence that Britain could withstand pressure from the United States. Ren Zhengfei said, "We don't care which country buys us or not. Our problem now is that we can't sell and can't supply so much." Ren also jokes that Huawei's current exposure and market space are bestowed by Beit Trump. (CCTV Finance and Economics)
【News Array (20)】
Zhou Yanli, former vice-chairman of CIRC, said that in the use of insurance funds, efforts should be made in terms of time limit, cost and scale, and structural asset-liability matching arrangements should be made to ensure the safety and liquidity of insurance funds. Current profitability to meet future claims. The core of insurance fund utilization is asset liability management. The concept of asset-liability management should run through the whole process of insurance company management, especially the design of insurance products, the withdrawal of reserves, the formulation of investment strategies, liquidity management, reinsurance arrangements and so on are all important components of asset-liability management. In the management of assets and liabilities, the most important thing is to establish a mechanism of communication and coordination between the assets and liabilities. (Shanghai Stock Exchange)
Softbank plans to provide up to $20 billion in loans to employees to help them subscribe to Softbank's second large venture capital fund, according to people familiar with the matter. CEO Sun Zhengyi is likely to get more than half of the loans; according to Softbank's second vision Fund announced last month, the $20 billion staff share will account for nearly a fifth.
【Wang Jingwu: Accelerate the promulgation of supporting rules for new regulations on capital management to supplement the short board of supervision】. Wang Jingwu, Director-General of the Financial Stability Bureau of the Central Bank, revealed that the promulgation of supporting rules for new regulations on capital management would be accelerated. Next, we should continue to promote the management of insurance products, investment in government industrial investment funds, cash management products management of commercial banks, and asset securitization, and improve the supervision system of financial subsidiaries of commercial banks. Through the formation of the new regulations as soon as possible as possible as the core of the regulatory system of the management business, further complement the regulatory shortcomings, make up for regulatory differences, and promote the return of the management business to its origin, laying a solid institutional foundation for the orderly development of the management business.
【Express】 News | August 17, 22:46. According to the Lighthouse Professional Box Office data, the box office of the movie "The Devil Child of Naju" broke through the 4 billion mark and became the fourth film in Chinese film history with a box office of more than 4 billion yuan.
Market news: People concerned said that the attack had a "slight impact" on natural gas equipment, and the fire was quickly controlled and put out.
【ICBC Finance Gu Jiangang: Bank Finance is facing a rare development opportunity】 Gu Jiangang pointed out that the current banking finance industry is facing transformation difficulties and challenges. Because of the difference between the traditional operation mode and the future development mode, bank financing is facing realistic challenges in the process of changing from the former interest margin mode to the management fee mode. However, looking forward to the future development of China's banking finance business, Gu Jiangang believes that as an important part of the financial market, banking finance is facing a rare opportunity for development. (Shanghai Express)
Market news: Saudi people said that Hussein's attack on Saudi Shayba oil field had no impact on the production and operation of the oil field.
【Speech by a spokesman for the Foreign Affairs Committee of the National People's Congress on the erroneous remarks made by members of the United States Congress concerning Hong Kong】 On August 17, in response to the erroneous remarks made recently by Speaker Pelosi, Senator McConnell, Rubio and Representative Yohu, the spokesman for the Foreign Affairs Committee of the National People's Congress, Juwenze, said that recently in Xiangxiang A series of illegal activities in Hong Kong, especially extreme violence, have seriously violated the Constitution of the People's Republic of China, the Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China, the Flag Law of the People's Republic of China, the National Emblem Law of the People's Republic of China and the relevant laws and regulations of the Hong Kong Special Administrative Region. The bottom line of the principle of "one country, two systems", which violates the rule of law and social order in Hong Kong, seriously threatens the safety of life and property of Hong Kong citizens, must be punished according to law. (CCTV)
CCTV News, August 17, said that the U.S. is facing the risk of recession while the U.S. is facing the ultimate pressure on China. Fu Limin, a senior U.S. diplomat who served as U.S. envoy to China, said that it was unwise for the United States to threaten to withdraw from the World Trade Organization and to exert extreme pressure in Sino-US economic and trade negotiations. Several industry insiders recently warned that the U.S. government's tariff policy and the resulting uncertainty will slow or even plunge the U.S. economy into recession. (CCTV News)
【Shield Tunnel Connection of Moscow Metro Built by China Railway】 Recently, the right line of Amini-Miqiulin Shield Tunnel Section in the southwest section of the third transfer line of Moscow Metro built by China Railway passed through smoothly, and China Railway built a complete set of shields. 信托返点网