News on the code | A selection of financial and technology news of the week

News on the code | A selection of financial and technology news of the week


Featured Financial News of the Week


The central bank cuts the reverse repo rate

Ma Jun, member of the Monetary Policy Committee of the Central Bank: The bid rate dropped by 20 basis points in the open market operation indicates that the central bank has further increased its countercyclical adjustment efforts; the central bank has maintained its strength and flexibility when using monetary policy tools, and has not used up all at once. For all bullets, China still has sufficient monetary policy space and monetary policy tools, and it can still strengthen countercyclical adjustments through normal monetary policy operations.


[Knock on the blackboard and remember the knowledge points!

Central bank reverse repurchase: Central bank reverse repurchase refers to a transaction in which the People's Bank of China purchases securities from primary dealers and agrees to sell the securities to primary dealers on a specific date in the future. Reverse repurchase is the central bank The operation of putting liquidity into the market, and positive repurchase is the operation of the central bank to withdraw liquidity from the market. The simple explanation is to actively lend funds and obtain bond pledge transactions are called reverse repurchase transactions. At this time, the central bank acts as an investor and is the lender who accepts bond pledges and lends funds.


Crude oil prices rebound

US President Trump tweeted that Saudi Arabia and Russia are expected to cut oil production by about 10 million barrels, up to 15 million barrels. Once Trump's Twitter was released, the plummeting crude oil prices ushered in a retaliatory rebound, and the price of Brent crude oil rose straight up, once soaring by more than 40%. However, the news that triggered the surge in international oil prices has not been confirmed by Saudi Arabia and Russia. Saudi Arabia called on OPEC and Russia to hold an emergency meeting, implying that it will insist on not cutting production alone.


[Knock on the blackboard and remember the knowledge points!

OPEC: The Organization of Petroleum Exporting Countries is referred to as "OPEC". An international organization established by oil-producing countries in Asia, Africa, and Latin America to coordinate the oil policies of member countries and oppose the exploitation and control of Western oil monopoly capital. It was established in September 1960. Its purpose is to coordinate and unify the oil policies of the member states, maintain the stability of the international oil market price, and ensure that oil-producing countries obtain stable income. The current 13 member states are: Iraq, Iran, Kuwait, Saudi Arabia, Venezuela, Algeria, Ecuador, Gabon, Indonesia, Libya, Nigeria, United Arab Emirates, Tunisia. Headquartered in Vienna, Austria.


The first quarterly report of the first batch of public funds in 2020 is released

[Galaxy Securities] In the first quarter of 2020, 239 new funds were issued, raising 516.046 billion yuan. The scale of fundraising set a quarterly record since 1998, surpassing the two highs in 2007 and 2015. Among them, 139 new stocks were issued to funds, raising 322.047 billion yuan, which also set a record for the highest quarterly issue of stocks to funds. More than 320 billion yuan rushed to aid the A-share market, and short-term incremental funds were abundant.



Featured Technology News of the Week


Tencent and WHO reach cooperation

On the evening of April 3, Tencent announced that it would deepen cooperation with the World Health Organization, donate US$10 million to the WHO's COVID-19 Solidarity Emergency Fund, and reach an agreement to jointly promote the use of digital medical solutions to help the world fight the epidemic. As a support for helping the World Health Organization help governments develop digital medical solutions, Tencent has open-sourced the COVID-19 self-triage assistant to the world. This artificial intelligence service can help people self-check for new coronary pneumonia. Risk of infection, and precautionary guidelines are given. Previously, on March 27, the international version of Tencent's health new crown epidemic module was officially open sourced, exporting scientific and technological capabilities for the global fight against the new crown pneumonia epidemic.


Apple stops charging commissions for some video apps

According to Sina Technology, citing foreign media reports, Apple announced on Wednesday that it will stop collecting commissions from the sales of streaming video services on the iPhone and other Apple devices. Apple said that for video entertainment applications that meet the requirements, such as Amazon Prime Video, Altice One and Canal+, users can choose to use the payment methods recommended by the application to pay without going through Apple's payment system.


Prior to this, if users purchase streaming media services through the App Store, Apple will charge a commission of 15% to 30% through its payment system. However, Apple has not stated when the policy will start, nor has it specified which applications are eligible, and whether Netflix and Spotify are included.


2020 iPhone SE will be launched

The marketing name of the new entry-level iPhone model is 2020 iPhone SE, and Apple may begin accepting orders for the new iPhone as soon as Friday. According to foreign media reports, new information about Apple's long-rumored entry-level iPhone models, including marketing names, product colors, and storage options, has been confirmed. According to new information, the marketing name of the new entry-level iPhone model is 2020 iPhone SE, and Apple may begin accepting orders for the new iPhone as soon as Friday. 2020 iPhone SE will be launched in three colors: red, white and black.