What is the market performance of futures soybean oil? How to treat the market trend of futures soybean oil?

As an important variety in the agricultural futures market, the market performance of futures soybean oil has been widely concerned by investors. The price fluctuation of soybean oil futures not only reflects the relationship between market supply and demand, but also is influenced by multiple factors such as international soybean price, biodiesel demand and policy regulation.

First of all, from the perspective of supply and demand fundamentals, the main raw material of soybean oil is soybean, so the output and price of soybean have a direct impact on soybean oil futures. In recent years, global soybean production fluctuates greatly, especially in major producing countries such as the United States, Brazil and Argentina. Weather factors and changes in planting area will have a significant impact on soybean production, which will be transmitted to the soybean oil market.

Secondly, the development of biodiesel industry is also an important factor affecting soybean oil futures. With the increasing global demand for renewable energy, the production and consumption of biodiesel are increasing year by year. As one of the main raw materials of biodiesel, the demand of soybean oil also increases. This increase in demand supported the price of soybean oil futures to some extent.

Policy factors can not be ignored. The adjustment of agricultural and energy policies by various governments, such as subsidy policies and import and export tariffs, will have an impact on the soybean oil market. For example, some countries may protect the interests of their farmers by raising import tariffs on soybeans, which will lead to an increase in international soybean prices, which in turn will push up soybean oil futures prices.

In order to show the market performance of soybean oil futures more intuitively, the following is a simple table, which compares the price changes and main influencing factors of soybean oil futures in the past few years:

age Soybean oil futures price (yuan/ton) Main influencing factors 2018 5500 Global soybean production is declining, and the demand for biodiesel is increasing. 2019 6000 The soybean planting area in the United States has decreased, and the policy supports biodiesel 2020 5800 The epidemic situation in COVID-19 led to demand fluctuation and policy adjustment. 2021 6200 Global economic recovery, strong demand for biodiesel.

As can be seen from the table, the price fluctuation of soybean oil futures is closely related to global soybean production, biodiesel demand and policy adjustment. Investors need to consider these factors comprehensively when analyzing the trend of soybean oil futures market.

For the future market trends, investors should pay attention to the following aspects: first, the changes in global soybean production, especially the weather and planting conditions in major producing countries; Secondly, the development trends of biodiesel industry, including policy support and market demand; Finally, changes in international trade policies, especially the import and export policies related to soybeans and soybean oil.

Generally speaking, the soybean oil futures market is a complex and changeable market, and investors need to have strong market analysis ability and risk management awareness. Through in-depth study of market fundamentals and technical aspects, investors can better grasp the market trend of soybean oil futures and make more rational investment decisions.

(Editor: Zhang Xiaobo)

[Disclaimer] This article only represents the author’s own views and has nothing to do with Hexun. Hexun.com is neutral about the statements and opinions in this article, and does not provide any express or implied guarantee for the accuracy, reliability or completeness of the contents. Readers are requested for reference only, and please take full responsibility. Email: news_center@staff.hexun.com.

Beauty Aya masa Su Yan photo exposure sexy halter skirt white and tender temptation


Inside the photo, Aya masa is plain and pure

    Movie network news(Compile/Ji Zhongpeng) Aya masa, a popular post-90s actress who starred in popular movies such as Lying Boys and Broken Girls, will release a new photo album "Gorgeous Stories" on June 26th. The photo of this department is "AYA’ With the theme of "A to Z", a total of 26 letters from A to Z are used to introduce the personality charm of Dazheng in fashion, beauty, work and life in detail. A total of 128 pages of beautiful photos, such as plain photos of sleeping, dressing up as tender, taking photos with dogs, and photos of brides in wedding dresses, thoroughly dissect Aya masa’s inner world.

The TV drama "The Great Road" tells the history of the revolution from the perspective of economic construction

  The major revolutionary history drama "Avenue Salary" is being broadcast. The drama tells the history of the revolution from the perspective of economic construction and shows the original mission and struggle of the Chinese Communist Party.

  The drama was co-produced by the Propaganda Department of the Jiangxi, Shandong and Guizhou Provincial Party Committees. Song Yeming served as the chief director, Zhang Qiang served as the chief screenwriter, and Hou Jingjian, Zhang Bo, Wang Weizhi, and Xu Xiaosa starred. The drama focuses on the economic construction of the Chinese Soviet Republic during the historical period from 1931 to 1935. By reproducing the story of the Chinese Communists punishing corruption, strengthening the construction of education, medical care and other fields, and solving various local people’s livelihood problems, it shows the spiritual quality of the Communists who are not afraid of difficulties, face difficulties, and serve the people wholeheartedly.

  According to reports, in order to film this drama well, the main creative team went to the scene where the story took place to film, and truly reproduced famous battle scenes such as the Battle of Shuikou, the Battle of Guangchang, and the Battle of Xiangjiang.

  Reporter: Wang Peng

  Image provided by the drama

Peugeot Citroe ̈ n officially announced that Dongfeng and the French government have taken a stake

  Xinhuanet, Paris, February 19 (Reporter Li Ming) France’s largest automaker – PSA Peugeot Citroen Group officially announced a capital increase plan on the 19th, and the French government and China Dongfeng Motor Company will invest in equal shares as new shareholders to strengthen the group’s competitiveness.

  According to the plan, PSA Peugeot Citroe ̈ n will implement a series of financial operations, increase capital by 3 billion euros (about 4.10 billion US dollars), and the French government and Dongfeng will each contribute 800 million euros (1.10 billion US dollars) to subscribe to 14% of PSA Peugeot Citroe ̈ n’s shares. The Peugeot family, the largest shareholder with 25.4% stake and 38.1% voting rights, will also pay for part of the stake, but its shareholding will be diluted to 14%. In addition, PSA and Dongfeng will also strengthen industrial cooperation, increase production capacity, and establish a common research and development center and a new joint venture factory.

  Thierry Peugeot, PSA’s supervisory board chairperson, said the group’s supervisory board had unanimously agreed to the capital increase, which will open a new chapter in PSA’s history and help to strengthen the group’s financial position, promote future growth and benefit all parties.

  PSA Peugeot Citroe ̈ n also said that the bilateral agreement related to the capital increase plan will be submitted to French and Chinese regulators for approval and is scheduled to be finally signed by the end of March this year.

  Peugeot Citroen announced the same day that the group’s 2013 sales of 54.10 billion euros (74.40 billion dollars), down 2.4% from the previous year; net loss of 23.200 million euros (31.900 million dollars), narrowed 54% from the previous year.

  Peugeot Citroe ̈ n was hit hard during the European debt crisis. In 2012, the loss reached a record high of 50.100 million euros (6.90 billion dollars), and the assets were severely reduced. In July of that year, Peugeot Citroe ̈ n announced a new restructuring plan, but the restructuring plan did not achieve the expected effect. Subsequently, Peugeot Citroe ̈ n launched capital increase talks with the French government and Dongfeng.

(Source: Xinhuanet)

Europe’s hottest AI unicorn released its flagship model: its performance is almost equal to GPT-4, and Microsoft announced cooperative investment.

Original cheng Qian zhi dong Xi

In MMLU benchmark evaluation, Mistral Large has become a model that is second only to GPT-4 and can be widely used through API.

Compile | Cheng Qian

Edit | Heart Edge

On February 27th, yesterday, Mistral AI, a European generative AI unicorn, released the latest flagship big language model Mistral Large. According to reports, unlike Mistral AI’s previous model, Mistral Large will not open source.

The context window of the model is 32K tokens, which supports English, French, Spanish, German and Italian. Mistral AI has not published its specific parameter scale.

Mistral AI showed a number of benchmark transcripts. Among them, Mistral Large is second only to GPT-4 in measuring the task benchmark MMLU of multilingual understanding. In the benchmark evaluation and comparison of multilingual ability, Mistral Large’s performance is better than Llama 2 with 70B parameter scale. Previously, Mistral AI successfully challenged Llama 2 with a 7 billion parameter model Mistral-7B.

In terms of pricing, Mistral Large’s pricing is slightly lower than that of GPT-4 Turbo. Mistral Large is 0.008 USD /1000tokens for input, 0.01 USD /1000tokens for GPT-4 Turbo, 0.024 USD /1000tokens for output, and 0.03 USD /1000tokens for GPT-4 Turbo.

At the same time, on the day of the release of the new model of Mistral AI, Microsoft officially announced that it had reached a multi-year partnership with Mistral AI, and Microsoft also made a small investment in Mistral, but did not hold any equity in the company.

This cooperation enables Mistral AI to provide its large model on Microsoft’s Azure cloud computing platform, and this company has become the second company to host a large model on this platform after OpenAI.

01.

Show four new functions

Multilingual proficiency test is better than Llama 2.

According to the official blog, Mistral Large has four new functions and advantages:

First of all, Mistral Large supports English, French, Spanish, German and Italian, and has a deeper understanding of the corresponding grammar and cultural background.

Secondly, the model supports 32K tokens context window.

Thirdly, Mistral Large enables developers to design their audit strategies based on precise instruction compliance, and Mistral uses this instruction to set up the system-level audit of conversation assistant le Chat.

Finally, the model itself can make function calls. This is in line with the constrained output mode implemented on la Plateforme platform, which can realize large-scale application development and modernization of technology stack.

Mistral AI published the comparison between Mistral Large and other big language models in several benchmark evaluation tasks:

Among them, Mistral Large performs better than Claude 2, Gemini Pro 1.0, GPT-3.5 and LLaMA 2 70B in measuring the task benchmark MMLU, and becomes a model that is second only to GPT-4 and can be widely used through API.

Comparison of benchmarking between reasoning and knowledge ability;

Comparison of benchmark assessment of multilingual competence;

Mistral Large outperforms LLMA 270B in benchmark tests in French, German, Spanish and Italian.

Comparison of mathematics and code ability evaluation;

In addition, Mistral AI also released a new dialogue assistant, le Chat, which can be used as a dialogue portal for users to interact with all models of Mistral AI. The enterprise-oriented assistant is le Chat Enterprise, which can improve the productivity of the team through self-deployment function and fine-grained audit mechanism.

Le Chat is not connected to the Internet, so the official blog also mentioned that the assistant may use outdated information to answer. At present, users can wait to use le Chat by joining the waiting list.

Le Chat Experience Address: https://chat.mistral.ai/chat

02.

Release the new Mistral Small

Optimize response delay, cost

In addition to releasing the new flagship model of Mistral Large, Mistral AI also optimized Mistral Small for delay and cost.

Mistral Small has better performance than Mixtral 8x7B and lower latency, which makes it an "exquisite" intermediate solution between the company’s open source heavyweight products and flagship models.

Currently, the company is simplifying its endpoint products to provide the following:

Open weight endpoints with competitive pricing, including open-mistral-7B and open-mixtral-8x7b.

New optimization model endpoints, covering mistral-small-2402 and mistral-large-2402.

For developers, mistral-small and mistral-large support function call and JSON format, in which JSON format mode forces large language models to output effective JSON, which enables developers to interact with models more naturally and extract information in a structured format for easy use in the rest of their pipeline.

Function call enables developers to connect Mistral AI endpoints with a set of their own tools, thus achieving more complex interaction with internal code, API or database.

Mistral AI’s blog revealed that the company will soon add formats to all endpoints and enable finer-grained format definitions.

03.

Reach a long-term cooperative relationship with Microsoft

Carry out cooperation around three key points

Yesterday, Microsoft announced a multi-year partnership with Mistral AI. Therefore, Mistral AI’s model can be obtained in three ways at present. In addition to La Plateforme built on Mistral AI’s own infrastructure and private enterprise deployment, it can also be used on Microsoft Cloud.

Microsoft’s official blog mentioned that the cooperation between Microsoft and Mistral AI mainly focuses on supercomputing infrastructure, market development for Mistral AI’s model and AI research and development.

First of all, in terms of supercomputing infrastructure, Microsoft will support Mistral AI through Azure AI supercomputing infrastructure and support AI training and reasoning of its flagship model.

Secondly, Microsoft and Mistral AI will provide customers with advanced models of Mistral AI through Azure AI Studio and Model as a Service (MaaS) in the Azure machine learning model catalog.

Finally, the two companies will also explore cooperation around training specific purpose models for specific customers such as the European public sector.

04.

Conclusion: the commercialization of Mistral AI is accelerating.

Previously, Mistral AI defeated Llama 2, an open source big language model with tens of billions of parameters, with its innovative technical route.

Mistral AI’s model is usually open source, but the closed source of this model and the long-term cooperation with Microsoft may mean that this French startup can explore more business opportunities.

(This article is the original content of the signing account of Netease News Netease Special Content Incentive Plan [Zhizhi]. It is forbidden to reprint it at will without the authorization of the account. )

Original title: "The hottest AI unicorn in Europe released its flagship model! Performance is almost equal to GPT-4, and Microsoft announced cooperative investment.

Read the original text

[Online media changed] Zhiluo Town Campaign: Chairman Mao personally went to the front line to direct China’s revolutionary history.

Newly built monument

Newly built monument

Cctv news(Reporter Wang Jiazhu) On September 27th, an interview group from the online media "Running for a Well-off Society on the Long March" came to Fuxian County, Yan ‘an to lay flowers for the martyrs who died in the battle in Zhiluo Town.

 In October 1935, the Central Red Army joined forces with the Red Army in northern Shaanxi, which caused great anxiety to Chiang Kai-shek. He ordered the Northeast Army to carry out a third "encirclement and suppression" of the Red Army in northern Shaanxi with five divisions, so as to wipe out the area north of the Zucchini River to the west of Luohe while the Red Army was not firmly established. In the struggle against "encirclement and suppression", the central leadership found that Zhiluo Town was a good place to lure the enemy into depth and fight a annihilation war because it was surrounded by mountains and waters, and decided to confirm the battlefield in Zhiluo Town and fight a beautiful annihilation war.

The victory of Zhiluo Town declared the defeat of Chiang Kai-shek’s third "encirclement and suppression" campaign, and it was also a groundbreaking ceremony for the Central Committee of the Communist Party of China to put the national revolutionary base camp in the northwest. 

In the battle of Zhiluo Town, a rare scene happened in the revolutionary history of China, that is, Mao Zedong went to the front line to command, and Zhou Enlai, then vice chairman of the Central Military Commission, and then Peng Dehuai, Lin Biao, Luo Ronghuan, Nie Rongzhen, Ye Jianying and 21 founding generals, including Hai-dong Xu, Lo Jui-ching and Chen Geng, participated in the battle, which staged a rare scene in the history of Chinese revolution.   

There was also a heartbreaking scene in this battle: 12 underage Red Army soldiers were captured for spying on the enemy, and all of them were finally killed.

These 12 little martyrs belong to a little communist battalion of the Red 25th Army, most of them are twelve or three years old. Because of their miserable family, their relatives have been separated and joined the Red Army. On the eve of the battle, they sneaked into the enemy Heishui Temple to spy on the enemy. After the reconnaissance, they were captured by the enemy on their way back. The Kuomintang troops escorted them to Zhiluo Town and locked them in a house in the oil mill compound. During their detention, they were brave and tenacious, preferring death to surrender. They were brutally killed before the besieged Kuomintang troops retreated.   

Now, in the corner of the battle martyrs’ cemetery in Zhiluo Town, the "Twelve Little Martyrs Monument in Zhiluo Town Battle" silently accuses the history of grief and indignation.

Learn Micro Weekly every day (November 2-November 8)

At the beginning of November, in the first week after the Fifth Plenary Session of the 19th CPC Central Committee, the work schedule of the Supreme Leader General Secretary was still tight, and he made important instructions for promoting the rural land system reform and doing a good job in the management of rural contracted land in the new era, presided over the 16th meeting of the Central Committee for Comprehensively Deepening Reform, participated in the registration of the 7th national census, delivered a keynote speech at the opening ceremony of the 3rd China International Import Expo, telephoned, sent condolences, met and held a "Friendship Medal". …

CCTV’s "Learning Weekly" interprets the busy week of the General Secretary from the perspective of smart big data.

The I-learning database is used to analyze the high-frequency words in the general secretary’s speech in one week. Compared with the previous results, the "14th Five-Year Plan" and "Open" have changed greatly this week.

On November 3rd, the 5th day after the Fifth Plenary Session of the 19th CPC Central Committee, General Secretary of the Supreme Leader’s Explanation on the Central Committee of the Communist Party of China’s Proposal on Formulating the 14th Five-year Plan for National Economic and Social Development and the Long-term Target for the Year 2035 was published. In his explanation, the General Secretary elaborated in detail the drafting process, principles, basic framework and key issues that need to be explained, and mentioned the "Fourteenth Five-Year Plan" 23 times.

In addition, the general secretary also mentioned the "14th Five-Year Plan" in this week’s deep reform meeting and the keynote speech at the opening ceremony of the 3rd China International Import Expo.

Impressively, the General Secretary explained the new development pattern in the Explanation of the Central Committee of the Communist Party of China on Formulating the 14th Five-year Plan for National Economic and Social Development and the Long-term Target for the Year 2035 and the keynote speech at the opening ceremony of the 3rd China International Import Expo(CIIE):

In the explanation, the general secretary pointed out when explaining the new development pattern: "The new development pattern is by no means a closed domestic cycle, but an open domestic and international dual cycle." In the keynote speech at the opening ceremony of the Third China International Import Expo(CIIE), the Chairman of the Supreme Leader also said when referring to the new development pattern: "This is by no means a closed domestic cycle, but a more open domestic and international dual cycle."

At present, economic globalization is facing a counter-current, unilateralism and protectionism are on the rise, and the COVID-19 epidemic has brought about a wide and far-reaching impact, and the traditional international economic cycle has been obviously weakened or even blocked. In this context, it is proposed that building a new development pattern is a strategic choice made by the Supreme Leader General Secretary and the CPC Central Committee to actively respond to changes in the international and domestic situation, keep pace with the times, improve China’s economic development level, and shape new advantages in international economic cooperation and competition.

Previously, General Secretary of the Supreme Leader repeatedly emphasized on different occasions — — Taking the domestic circulation as the main body is by no means a closed operation behind closed doors.

From the general trend of the world, economic globalization is still a historical trend, and division of labor and cooperation among countries and mutual benefit and win-win are long-term trends. From the development history of our country, an important driving force for China’s sustained and rapid economic development is opening to the outside world.

Promote the formation of a new development pattern with the domestic macro-cycle as the main body and the domestic and international dual cycles promoting each other. The purpose is to make the domestic market and the international market better connected, make better use of the international and domestic markets and resources, and achieve stronger and sustainable development.

"The China market is so big, welcome everyone to have a look." At the second China International Import Expo(CIIE), the "invitation of China" of the Supreme Leader Chairman was still ringing in my ears; This year, he once again declared: "Let the China market become the world market, the shared market and everyone’s market, and inject more positive energy into the international community."

In his keynote speech, the Chairman of the Supreme Leader also announced practical measures to expand opening up. China will effectively play the leading role of free trade pilot zone and free trade port, continue to expand opening up in the fields of digital economy and Internet, and promote the construction of a new open economic system at a higher level; We will continue to support enterprises from all countries to expand business opportunities in China through open platforms such as China International Import Expo(CIIE), tap the growth potential of foreign trade, and make positive contributions to promoting international trade growth and world economic development … …

A more open China will form a more benign interaction with the world and bring more progress and prosperity to China and the world.

I Learning Database uses artificial intelligence technology to generate the knowledge map of this week’s general secretary’s activity report. Many people in the phrase classification are impressive, which is the range of "open the door and ask for advice" listed by the general secretary in explaining the drafting process of the proposal.

The general secretary has clearly put forward a series of requirements for the preparation of the 14 th Five-Year Plan, emphasizing the need to unify the strengthening of top-level design and insisting on asking questions for the people, and encouraging the broad masses of the people and all sectors of society to make suggestions and suggestions for the 14 th Five-Year Plan in various ways.

From the end of July to the end of September, the General Secretary presided over the symposium of entrepreneurs, the symposium of solidly promoting the integrated development of the Yangtze River Delta, the symposium of experts in the economic and social fields, the symposium of scientists, the symposium of grassroots representatives, and the symposium of experts in the fields of education, culture, health and sports, and listened to the opinions and suggestions of all parties in the formulation of the 14 th Five-Year Plan. From August 16 to 29, the preparation of the "14 th Five-Year Plan" was conducted online for comments. The broad masses of the people actively participated, leaving more than 1 million messages, and the relevant parties sorted out more than 1,000 suggestions.

In addition, according to Politburo meeting of the Chinese Communist Party’s decision, on August 10th, the draft proposal was distributed to a certain extent within the Party for comments, including some old comrades in the Party, and specially listened to the opinions of the leaders of the central committees of democratic parties, the All-China Federation of Industry and Commerce and representatives of personages without party affiliation.

As the General Secretary said: "This is a vivid practice of inner-party democracy and socialist democracy in China."

In the classification of goods, the "Friendship Medal" is impressively listed.

On November 6th, the Chairman of the Supreme Leader awarded People’s Republic of China (PRC) the "Friendship Medal" to the Queen Mother of Cambodia, monineath, in the Great Hall of the People. She is also the ninth foreign friend to receive this honor since the establishment of the Friendship Medal.

In 1958, Queen Mother monineath accompanied Prince Sihanouk to China for the first time, and since then, she has forged an indissoluble bond with China. Kunming, Nanjing, Shanghai, Tianjin, Xi ‘an … … Monineath accompanied Sihanouk to many places in China and actively supported and promoted exchanges and cooperation between the two countries in various fields.

"This heavy ‘ Friendship medal ’ It represents the Cambodian people’s reverence for Empress monineath and their deep friendship with the Cambodian people, and also symbolizes the close friendship between China and China. " Chairman of the Supreme Leader explained the meaning behind this medal.

(Central Radio and Television General Station CCTV Network)

Small and medium-sized banks join the "interest rate reduction" team, and individual five-year products will drop by 25 basis points. What will be the future trend?

After state-owned banks and some joint-stock banks lowered the interest rates of time deposits and certificates of deposit with a maturity of more than one year, a number of small and medium-sized banks have recently followed suit. On May 22nd, a reporter from beijing business today found that Bank of Ningbo, Suzhou Bank, Suzhou Rural Commercial Bank, Hangzhou Bank and Zhangjiagang Rural Commercial Bank made public statements one after another, and will adjust the deposit interest rate price according to market conditions. At present, some of the above-mentioned banks have taken actions to lower the interest rate of time deposits, and the interest rates of some banks’ deposit products from 3 to 5 years have been reduced by 10-25 basis points. In the opinion of analysts, the decline in deposit interest rate is conducive to reducing the cost of debt end and improving interest margin. It is expected that more small and medium-sized banks will reduce deposit interest rate in the future, but overall, the downward trend of interest rate is expected to be limited.

Many small and medium-sized banks cut deposit interest rates.

After the supervision encouraged small and medium-sized banks to lower the floating ceiling of deposit interest rates, many banks announced that they would make corresponding adjustments in light of market conditions. On May 22, beijing business today reporter found that Bank of Ningbo, Suzhou Bank, Suzhou Rural Commercial Bank, Hangzhou Bank and Zhangjiagang Rural Commercial Bank all mentioned that they would adjust the listing price and pricing strategy of deposits reasonably in line with the regulatory guidance and market conditions. Among them, Zhangjiagang Rural Commercial Bank clearly stated that "at present, interest rate pricing has been lowered for deposits with some maturities".

After the public statement, what is the deposit interest rate of various banks? According to a survey conducted by beijing business today on May 22nd, the interest rates of three-month to five-year fixed deposits of Suzhou Bank, Hangzhou Bank and Zhangjiagang Rural Commercial Bank have all changed.

"It just fell last week, and now it is generally lowered. The interest rate of each bank is similar." A staff member of Hangzhou Bank in Hangzhou told beijing business today that at present, the interest rates of ordinary time deposits of the bank for three months, six months, one year, two years, three years and five years are 1.4%, 1.65%, 1.95%, 2.45%, 3% and 3% respectively, which are down by 3 basis points, 4 basis points and 3% respectively compared with the previous interest rates.

The customer service staff of Suzhou Bank also revealed that the bank’s time deposit interest rate has been lowered recently. At present, the three-year and five-year ordinary time deposits are 3.15%, but the specific interest rate will fluctuate according to the outlets. According to an interview with a reporter from beijing business today, at present, the interest rates of three-year and five-year ordinary time deposits of Zhangjiagang Rural Commercial Bank are also 3.15%. The customer service staff of the bank said that the above interest rates were lowered on May 18th.

Talking about the reasons why a number of small and medium-sized banks have successively lowered deposit interest rates, Zhou Maohua, an analyst in the financial market department of China Everbright Bank, said that the central bank had previously introduced a "total+structure" policy tool, and the market liquidity was reasonable and abundant. The regulatory authorities also encouraged small and medium-sized banks to replenish capital through multiple channels, effectively alleviating the pressure on bank liabilities; At the same time, due to the complex environment facing the economy, the financing needs of entities such as investment and consumption are weak. On the one hand, the kinetic energy of banks to expand deposits and liabilities is slightly insufficient; On the other hand, since the beginning of the year, the deposits of residents and enterprises have increased significantly, and the "oversupply" in the deposit market has pushed some banks to lower their deposit interest rates; In addition, some small and medium-sized banks can reasonably reduce the cost of debt end, boost credit demand and effectively reduce the erosion of profits caused by the narrowing of interest margin by lowering the deposit interest rate; In addition, some banks reduce the deposit interest rate, which is beneficial to MPA assessment.

Reduce the cost of debt and improve the net interest margin

Small and medium-sized banks have lowered deposit interest rates, which is not unrelated to policy guidance. According to media reports, the market interest rate pricing self-discipline mechanism held a meeting to encourage small and medium-sized banks to lower the floating ceiling of deposit interest rates by about 10 basis points (BP); This requirement is not mandatory, but banks that make adjustments may be beneficial to their macro-prudential assessment (MPA).

According to a survey conducted by beijing business today reporter, in addition to the above-mentioned banks that have announced that their deposit interest rates will be adjusted accordingly in light of market conditions, Qingdao Bank has recently lowered its time deposit interest rates. According to the customer service staff of the bank, at present, the three-year and five-year time deposits of the bank have been lowered by 10 basis points, which are 3.3% and 3.2% respectively.

What impact will lowering the deposit interest rate have on banks? Yu Baicheng, president of Zero One Research Institute, believes that for small and medium-sized banks, lowering the deposit interest rate will reduce the cost of the debt side and help improve the bank’s net interest margin. However, under the background of policy promotion and economic growth slowdown, the loan interest rate is also decreasing. On May 20th, the loan market quoted interest rate (LPR) dropped by 15 basis points in five years, so the overall interest margin of banks is still in a narrowing trend.

According to the statistics of flush iFinD, only four of the 42 listed banks in A-share market in 2021, including Ping An Bank, Jiangsu Bank, Zheshang Bank and Nanjing Bank, saw their net interest margins rebound, while Lanzhou Bank remained the same as last year, and the net interest margins of the other 37 banks all decreased by 1-36 basis points compared with the end of last year. In the first quarter of 2022, the trend of interest margin narrowing continued. The net interest margin of 31 banks declined compared with the same period of last year, and that of 33 banks declined compared with the end of last year.

"The downward adjustment of deposit interest rates will help ease the pressure on some small and medium-sized banks to reduce their debt costs and net interest margin." Zhou Maohua pointed out that by lowering the deposit interest rate, banks will help alleviate the debt cost and make reasonable profits for the real economy, promote the improvement of the financing needs of the real economy, accelerate the economic recovery, and the activity of currency creation will increase accordingly, thus promoting the expansion of bank assets and liabilities.

Interest rate decline is expected to be limited.

From the perspective of the industry as a whole, on May 10th, the central bank released a report on the implementation of China’s monetary policy in the first quarter of 2022, which showed that state-owned banks such as the Postal Savings Office after the establishment of diplomatic relations between workers, peasants and China and most joint-stock banks had lowered their interest rates on time deposits and certificates of deposit with maturities of over one year in late April, and some local legal entities also lowered their interest rates accordingly. According to the latest survey data, from April 25th to May 1st, the weighted average interest rate of new deposits in financial institutions nationwide was 2.37%, down 10 basis points from the previous week.

After the deposit interest rate is lowered, what impact will it have on customers who prefer time deposits? Yu Baicheng said that in view of the economic situation and the trend of epidemic prevention and control, citizens’ spending power and confidence have been affected, and financial markets such as stock market funds have suffered losses, so citizens will be more conservative in their financial choices and their willingness to deposit will increase. Therefore, in this context, a slight decrease in deposit interest rate will not change depositors’ deposit choices.

"Generally speaking, customers who prefer time deposits are stable customers and prefer capital preservation and stable income." Zhou Maohua also believes that in the current environment where the market demand for deposits is relatively strong, the impact of lowering the deposit interest rate on deposit preference customers is limited as a whole. He suggested that banks can launch other stable wealth management investment products to provide customers with multiple choices.

Regarding the trend of subsequent deposit interest rates, Zhou Maohua predicted that more small and medium-sized banks would lower deposit interest rates, reasonably lower loan interest rates, effectively reduce the financing cost of the real economy, and promote the credit demand of the real economy. He suggested that small and medium-sized banks should constantly improve their internal governance, focus on their main business, enhance their management and risk control capabilities, better serve small and micro enterprises, cultivate their core competitiveness, and improve their differentiated competitiveness.

"Since the beginning of this year, the downward trend of deposit and loan interest rates is the result of the superposition of factors such as monetary policy supporting steady economic growth and reducing the financing cost of the real economy. However, at present, overseas markets such as the United States have entered the interest rate hike cycle. In order to maintain the internal and external balance, more domestic monetary support tools will be adopted for areas that are greatly affected by the epidemic, and the downward rate of interest rates is expected to be limited. " Yu Baicheng analyzed.

Beijing business today reporter Meng Fanxia Li Haiyan

Reporting/feedback

The weather is so hot, there is always a power outage in Xixiang, Baoan! The power supply bureau responded like this.

Bao ‘an Daily, August 16, 2019. The weather in Shenzhen recently.It’s hot except hot!From morning heat to night,Leaving the air conditioner is sweating,In fact, the most terrible thing in summer is not the heat!It’s a power outageThe weather has been hot recently,Residents’ electricity consumption has surged,Frequent power outages occurred in some areas of Baoan.Xiaobian field investigation and contact Baoan Power Supply Bureau.

To this question,Relevant staff responded to the recent power outage.

Electricity overload in hot weather

Baoan power supply bureau quick check and reply

Recently, some netizens reported that No.140, Gongle Shangtang, Xixiang, Baoan, had a power outage for two consecutive nights from August 12th to 13th.For this case,Xiaobian learned from Baoan Power Supply Bureau,There are many tenants in the compartment of the residential building in the village.The electric load increases in hot weather,Heavy load operation of transformer leads to over-current and burning of the front line of the meter,After receiving the news,Baoan Power Supply Bureau organized the investigation,Construction personnel timely replace the meter front line to restore power supply.The next day,Due to the substantial increase in electricity loadTransformer branch switch is overloaded and tripped,This led to another power outage in the area of No.140, Shangtang, Gongle.

Baoan Power Supply Bureau:

Arrange personnel for low-voltage load regulation to restore power supply.

In order to ensure the electricity consumption in this area, Baoan Power Supply Bureau has worked out and implemented a load regulation scheme to temporarily alleviate the electricity shortage in this area by checking and sorting out the line load in this area. However, in view of the problem of heavy-load operation of transformers, it is impossible to add transformers because of the shortage of electricity rooms in this area. Only when the community provides electricity rooms for the power supply bureau can the shortage of electricity in this area be completely solved to meet the growth of residents’ load.

Residential buildings turn off power every night.

In fact, the property itself "uses electricity at the wrong peak"

Recently, our citizen hotline received a call from the public, saying that in Xicheng Community of Shajing Street, several buildings have been blacked out in turn every night in recent days, which has caused troubles to residents’ daily electricity consumption.

After verification by Baoan Power Supply Bureau,Xicheng community where citizens live.Non-Baoan power supply bureau meter reading users,Property owner of power supply transformerShenzhen bailihongji investment development co., ltd.The power outage in the community is due toThe property management office of the residential area is worried about the overload of electricity consumption.If the equipment is damaged, "off-peak power consumption" will be carried out by itself.The residential buildings in the whole community only have the phenomenon of power failure in turn.This measure belongs to the self-limiting behavior of the residential property.Non-Bao ‘an Power Supply Bureau’s measures of "off-peak power consumption" and line failure.

Baoan power supply bureau is also interested in transformer property rightsIssue a rectification notice for potential safety hazards in electricity consumption,Ask it to go to the power supply bureau for capacity increase as soon as possible,Eliminate potential safety hazards.

It is understood that according to the relevant regulations, the power supply bureau implements meter reading to households with legal property rights, and then manages power points in compliance. Some unified buildings or houses with small property rights have no legal property rights, so the power supply bureau failed to read the meter to the households, and the transformer property rights party is responsible for the electricity consumption of these users who have not read the meter to the households.

In order to effectively solve the power outage problem,Baoan Power Supply Bureau appealed,Citizens and friends understand and strongly support the construction of power supply facilities.Work together to create a good environment for power supply and use.

Green algorithm for decoding "planting trees"

  The spring breeze is green, and the vegetation is budding.

  On the occasion of Arbor Day

  The story of harmonious coexistence between man and nature

  Is vividly interpreted on the land of China.

  How to make the sky bluer, the mountains greener and the water clearer in the motherland?

  Today, with Xiaoxin

  Approaching the energy-saving and carbon-reducing project created by central enterprises

  Look at the answers given by the builders of central enterprises.

  China Dianke

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  It is estimated that the average annual power generation will be 191.7132 million kWh.

  It can save about 61,384.22 tons of standard coal every year.

  It is equivalent to planting 1.68 million trees.

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  Strengthen the implementation in Jilin, Changqing, Xinjiang and other oilfields.

  The annual carbon dioxide injection of CCUS project exceeded 1 million tons.

  It is equivalent to planting nearly 9 million trees.

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  Million-ton CCUS Project in Shengli Oilfield

  Can reduce carbon dioxide emissions by 1 million tons per year.

  It is equivalent to planting nearly 9 million trees.

  It is of great significance to build an "artificial carbon cycle" model

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  West-to-East Gas Pipeline System

  The total mileage exceeds 20,000 kilometers.

  It is the most extensive natural gas pipeline in China.

  Since it was put into production, it has transported more than 800 billion cubic meters of natural gas.

  Equivalent to 1.07 billion tons of alternative standard coal.

  Reduce carbon dioxide emissions by 1.17 billion tons and dust by 580 million tons.

  It is equivalent to planting 3.6 billion hectares of broad-leaved forest.

  China Huaneng

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  The average annual power generation is 23.912 billion kWh.

  Compared with coal-fired power stations of the same scale

  It can reduce the consumption of standard coal by 9.56 million tons per year.

  Reduce carbon dioxide emissions by about 18.77 million tons.

  It is equivalent to planting 58,000 hectares of forest.

  China huadian

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  Construction and installation of photovoltaic power generation modules with a total capacity of 500,000 kilowatts

  The project makes full use of abundant local solar energy resources to develop photovoltaic power generation industry.

  At that same time, on the sand below the photovoltaic module

  Planting sand plants to develop sand grass industry

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  More than 20,000 mu of sand can be effectively controlled.

  Annual carbon dioxide emission reduction of 306,000 tons.

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  It can reduce the consumption of raw coal by about 8.55 million tons per year.

  Reduce carbon dioxide emissions by about 16 million tons.

  The emission reduction effect is equivalent to planting broad-leaved forest about 44 thousand hectares.

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  The average annual heating in heating season is 860,000 Ji Jiao.

  Reduce carbon dioxide emissions by about 180,000 tons

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  CHN ENERGY

  National Energy Group Ningxia Coal Industry 4 million tons/year coal indirect liquefaction demonstration project

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  It is equivalent to planting 246 million trees.

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  It is estimated that 3.92 GW of clean energy can be provided every year.

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  It is equivalent to planting 139,000 hectares of forest.

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  Annual power generation is 120 million.

  Reduce carbon emissions by about 80,000 tons every year.

  It is equivalent to planting about 4 million trees.

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  Can reduce carbon emissions by more than 500 thousand tons a year

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  Single series of 300,000 tons of leaching and OTC solution

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  Reduce carbon dioxide emissions by about 302,800 tons a year.

  It is equivalent to afforestation of 825 hectares per year.

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  It is equivalent to planting about 34 million trees.

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  Compared with the same period of last year, thermal power saves about 180 thousand tons of standard coal every year.

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  It is equivalent to planting about 26 million trees.

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  The annual average power generation is 5 million kwh.

  It is equivalent to saving 2000 tons of coal every year.

  Reduce carbon dioxide emissions by 5,000 tons

  It is equivalent to planting 1.125 hectares of forest.

  Create a green and low-carbon grain depot

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  Clean electricity is about 43 billion kWh.

  Compared with coal-fired power stations of the same scale

  It can reduce the consumption of standard coal by 12.89 million tons per year.

  Reduce carbon dioxide emissions by about 35.6 million tons.

  It is equivalent to planting 97,000 hectares of forest.

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  Reduce carbon dioxide emissions by 650,000 tons

  Reduce sulfur dioxide emissions by 2210 tons.

  Every year is equivalent to afforestation of about 1780 hectares.

  China coal science and technology

  Shanxi Taigu 4x116MW natural gas/pulverized coal dual-fuel boiler project

  After the equipment is fully put into operation

  It will reduce carbon dioxide emissions by 290,000 tons per year.

  It is equivalent to planting 24 million trees.

  China Railway

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  The sea area is about 48 square kilometers.

  The total installed capacity is 300 MW.

  After it is completed and put into operation, the annual on-grid electricity consumption is about 742 million kWh.

  Compared with coal-fired power plants of the same scale

  It can save about 222,500 tons of standard coal every year.

  Carbon dioxide emission reduction is about 155,800 tons.

  It is equivalent to planting 1000 hectares of trees every year.

  China communications group

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  Annual emission reduction of carbon dioxide is 221,400 tons.

  It is equivalent to planting about 55.35 million trees.

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  It can save 11,437 tons of standard coal annually.

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  It is equivalent to planting 1873 hectares of forest.

  CGNPC

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  Compared with coal-fired power stations of the same scale

  It can reduce the consumption of standard coal by 13.65 million tons per year.

  Reduce carbon dioxide emissions by about 37.79 million tons.

  It is equivalent to planting 101,500 hectares of forest.

  China electrical equipment

  Photovoltaic Power Generation Project on the Roof of Xiong ‘an Station

  It consists of 17,700 photovoltaic panels.

  Adopt the mode of "spontaneous self-use, surplus electricity online"

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  Save 1800 tons of standard coal every year.

  Reduce carbon dioxide emissions by 4500 tons

  Really realize the largest green railway station in Asia

  China lvfa

  Jiangsu Rudong 200MW Offshore Wind Power Project

  It is the first life-cycle digital intelligent offshore wind farm in China.

  The annual online electricity consumption is 530 million kWh.

  It can save about 176,000 tons of standard coal every year.

  Reduce carbon dioxide emissions by 466,000 tons

  It is equivalent to planting 1200 hectares of forest.

  "Lucid waters and lush mountains are invaluable assets"

  Central enterprises alwaysAdhere to ecological priority and green development

  Strive to become a national ecological civilization construction

  Important participants and contributors

  To achieve the goal of "double carbon"

  Contribute to the strength of state-owned central enterprises!

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