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外汇交易员· 2025-09-12 07:38
Fiscal Policy - The Ministry of Finance coordinates fiscal and monetary policies to create synergy [1] - The issuance of 500 billion yuan (approximately $69 billion USD) in special treasury bonds is expected to leverage approximately 6 trillion yuan (approximately $830 billion USD) in credit [1] - Fiscal policy considers both risk prevention and development, maintaining sufficient room for future policy implementation [2]
X @外汇交易员
外汇交易员· 2025-09-12 07:26
Fiscal Policy - The Ministry of Finance considers both risk prevention and development promotion in its fiscal policy, ensuring sufficient future policy space [1] - The Ministry of Finance has allocated 100 billion yuan for childcare subsidies and 20 billion yuan to gradually implement free preschool education [2] Social Welfare - The government is actively responding to the concerns of the people by implementing childcare subsidies and free preschool education [2]
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外汇交易员· 2025-09-12 07:17
Government Initiatives & Fiscal Policy - Central government allocates 100 billion yuan for childcare subsidies [1] - 20 billion yuan allocated to gradually implement free preschool education [1] - Central government to establish a joint fiscal power transfer payment project named "Childcare Subsidy Fund" [1] - Initial budget of approximately 90 billion yuan allocated for the "Childcare Subsidy Fund" in the current year [1] - Central government to subsidize local governments at a certain percentage for the funds required for issuing national basic standard subsidies, with the central government bearing approximately 90% of the overall cost [1]
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外汇交易员· 2025-09-12 06:23
Market Expectations - The market anticipates a 2% (200 basis points) interest rate cut by the Russian Central Bank, marking the second consecutive cut and the end of the tightening cycle [1] Economic Slowdown - The Russian economy is experiencing a slowdown, with economic growth for the first 7 months of the year nearing the lower bound of the Central Bank's 1%-2% forecast [1] - Economists are warning that full-year economic growth may fall below the 1%-2% range [1] - July's industrial production grew by only 0.7%, falling short of June's 2% and approximately half of economists' expectations [1]
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外汇交易员· 2025-09-12 03:09
Cybersecurity Incident - Vietnam's National Credit Information Center, a central credit reporting agency under the State Bank of Vietnam, experienced a cyberattack potentially leading to large-scale personal data breaches [1] - The cyberattack was detected on September 10th, prompting emergency measures by the Vietnam Network Emergency Response Center [1] - Vietnamese authorities are collaborating with the central bank and other institutions to control vulnerabilities and reinforce the credit center's systems [1] Regulatory & Legal Implications - Individuals and organizations are warned against downloading, sharing, or exploiting leaked data, with violators facing legal action [1] - Banks and other financial institutions are urged to strengthen cybersecurity in accordance with national standards [1] Financial Sector Impact - The National Credit Information Center collects and provides credit information on individuals and businesses to support lending decisions within the financial system [1]