The European Parliament adopted the EU “blue card” program
The European Parliament on the 20th in its headquarters in Strasbourg plenary session convened to pass a resolution in order to attract foreign high-tech talents as the “blue card” program. Resolution of the “blue card” program has made a series clearly defined.
Swedish Parliament approved the “Lisbon Treaty”
Global Times special correspondent Xu Simiao Sweden reported on the 20th National Assembly approved the adoption of voting to replace “the EU Constitutional Treaty” with the “Lisbon Treaty”, which is the 27 EU member states to ratify the 25th of this treaty.
Sweden professionals called on the Government’s acquisition of Volvo and Saab
Sweden’s automotive analyst Mr. Bill Visnic pointed out that even if the U.S. government rescue package of Ford and General Motors, its Volvo and Saab’s prospects are still unclear. Sweden Government should consider the acquisition of Volvo and Saab and is responsible for the company’s operations to rebuild the Swedish car company’s unique position.
European Union will greatly increase Minimum Guarantee Amount for Deposit
European Union members unanimously agreed to increase the minimum guarantee amount for deposit in each country so as to stabilize financial markets and protect the interest of depositors.
Try for Safe Protection but Lack of Coordination, Financial Crisis test out EU
In the face of financial crisis, a number of EU countries said they would take coordinated action to deal with the common problems. However, when the specific actions should take, the members are fighting in their own ways or several countries temporarily knock together, so there lacks overall co-ordination.
European Union will increase the Minimum Margin to 100 thousand Euros
The market generally concerned about the EU’s first joint policy to rescue the market, the Luxembourg meeting conveyed the message that European Union will increase the minimum margin to 100 thousand Euros (about 135 thousand USD).
EU tries to deal with a Banking Crisis with unified attitude
Monday (Oct.7, 2008) EU again took coordinated measures to cope with the increasing crisis in the banking industry after a series of unilateral measures failing to restore the confidence in financial markets.
Other News:
Great Decline of Central Bank Bills
Yesterday, issuance earnings ratio of one-year central bank bills straightly reduced 10 basis points, which was the signal of loosening the monetary policy for the central bank.
Sales Volume of Poly exceed 1,500 Million during Golden Week
Poly Real Estate today claimed that during the National Day, the company made over 1,500 million yuan sales volume.
Fan Gang: China will not cut the interest rate but may loose mortgage and commercial loan
Leader of National Economic Research Institute, Fan Gang said that considering the current inflation, there was little space to adjust the monetary policy. However, to loose the mortgage and commercial loan was quite viable to the credit from small enterprises. Moreover, he said China would probably expand the scope of the export tax rebate.
Real Estate Policy will probably be loosen at the End of this Year
Recently, the real estate market appears abnormal decline, while the housing prices begin to be involved into the quagmire. So the experts expressed their opinion on when would untie the real estate industry. Moreover, they predicted that “9 • 27″ second mortgage policy may be adjusted at the end of this year or in the early of next year.
CEEMA proposed to adjust the real estate market policy and put forward four measures
As to the China real estate condition, China Real Estate Enterprises Management Association (CEEMA) recently sent a letter to Ministry of Housing and Urban-Rural Development of People’s Republic of China (MOHURD), this letter required to adjust current tightening control policy in real estate, which pointed out the real estate market prices and decreased trading volume would influence on the national economy in two sides, so it proposed a “rescue” with four measures.
Other News:
Latest Market Analysis from well-known Institution: Domestic Steel Prices continue to decline
According to well-known domestic iron and steel information institution, the domestic steel prices continue the trend of sharp decline in the last week (Sept. 19-26), which created the new low since April this year.
EU plans to revise Banking Laws and Regulations to avoid the repeated Financial Crisis
The European Union put forward a legislative proposal on October 1, 2008 to amend the existing EU banking regulations, strengthen bank capital requirements, and enhance cross-border supervision so as to avoid the current financial crisis appearing in the future.
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