Lucknow Investment：South Korea intends to relax foreign investors Korean currency settlement control, the European Union approves a new plan to support hydrogen energy infrastructure

Guo Du investment dynamics

膨 U.S. media: Inflation still affects American wallet customers to reduce consumption in grocery stores

According to the United States "New York Post" reported on February 20, 2024, inflation still affects the wallets of the American people to varying degrees. A food supplier in Philadelphia said that the struggle between the United States and inflation has not ended. Many customers enter the store.Consumption is reduced.

It is reported that the agricultural supplier said that many merchants have fallen into the dilemma of rising costs and consumers' unable to pay for rising prices.Due to the rise in prices, customers have lost fewer things every time they enter the store.

Data show that ordinary Americans still have to spend more money for daily necessities.A four -family family in Colorado spent $ 750 on food grocery, an increase of $ 21.75 over last year, and this type of family in Pennsylvania increased by $ 61.5 per month.Lucknow Investment

Moody's analysis of the latest calculations by Mark Zandi, chief economist, showed that because inflation is still high, American families need to pay more than $ 213 a month to buy the same products and services as a year ago.Compared with two years ago, Americans need to pay an average of $ 605 a month.

Source: Overseas Network

经济 France has lowered economic growth this year to consider the new geographical political environment

French economy, finance and industry, and digital sovereign Minister Bruno Lermel said on February 18, 2024 that the country's 2024 growth forecast value has been reduced from 1.4%to 1.0%.Lermel also announced that France would reduce 10 billion euros this year.

Lamel said to a French TV that this amendment "considers the new geopolitical environment into it."He refers to issues such as Russia and Ukraine's conflict, and also mentioned the situation in the Middle East and "the German economy has declined in 2023."

The tax revenue is lower than expected to mean that France will have to immediately cut 10 billion euros to achieve budget targets.

Lamel's announcement of amendments after the amendment is consistent with the estimates of other institutions.The French Bank of France is expected to increase by nearly 0.9%in 2024; the International Monetary Fund forecasts that the French economy will increase by 1.0%in 2024; the French economy will increase by 0.6%in 2024.

The French government will reduce national aid and development funds of nearly 1 billion euros and cut off a special budget for subsidies to a special budget for renewable energy families.

"We will not raise taxes." He added that the French government would even maintain tax reduction measures to implement the middle class.

The French Parliament is responsible for the relevant budget reporter Jean-Lener Kazanov said: "(Government) announced the saving plan to enable us to continue to reduce debt."

But the head of the French "Climate Operation Network" project, Brando Anne, criticized these plans."Climate Operation Network" is one of the institutions affected by the above -mentioned branches.She condemned these branches, claiming that these plans were "at the cost of sacrificing the interests of the most vulnerable groups."She also said: "Climate and purchasing power will suffer."Jaipur Investment

Lemal said that the French Ministry of Economics, Finance and Industry, and Digital Sovereign still intends to reduce the public deficit to 4.4%of the GDP (GDP) in 2024, and the forecast value of this proportion in 2023 was 4.9%.

Lemel added that the French government also retained the option to revise budgets in summer in the summer.

Source: Agence France -Presse

宽 South Korea intends to relax foreign investors Hancoin settlement control

In order to enhance the convenience of foreign investors' use of Korean currency for stocks and bond transactions in China, and stimulating investment growth, the Korean government intends to relax foreign exchange control to foreign investors, allowing them to borrow Korean currency funds during foreign exchange transactions.

The Ministry of Planning and Finance of South Korea, the Financial Commission, the Bank of Korea (Central Bank) and the Financial Supervision Institute jointly announced on February 21, 2024, which jointly announced the "Improvement of Foreign Investors' domestic securities settlement and foreign exchange exchange convenience schemes".This is the follow -up measures for the improvement of the structure improvement plan released by the foreign exchange market announced in February 2023, and it will be landed at the end of March as soon as possible.

The main content of this plan includes temporary overdrafts of Korean currency funds for foreign investors for the purpose of securities settlement.As a result, in the process of redeeming foreign exchange in order to settle securities with other financial institutions other than major transactions, even if there is a case of insufficient temporary Korean currency funds, as long as the domestic regulatory banks are submitted to the domestic foreign exchange transaction facts proved, they can overdraft overdrafts.Settlement of securities transactions to settle won won.

The South Korean government intends to relax the control of foreign individuals through the International Central Securities Custody Agency (ICSD), allowing foreign investors to transfer the capital funds freely between the Korean won and accounts under their name.In addition, the government will simplify the foreign exchange exchange procedures for users of stock comprehensive accounts.

The Ministry of Planning of South Korea said that it is currently strengthening communication with overseas investors to eliminate uncertainty around foreign exchange transactions and Korean currency transactions.The foreign exchange and financial sector plans to promote the revision of the "Foreign Exchange Trading Regulations" in the first quarter to solve related issues and continue to improve the domestic investment environment.

Source: Yonhap News Agency

会 The Ukrainian parliament creates conditions for attracting social capital to participate in the highway field

On February 16, 2024, the Ukrainian parliament passed Act 5090 initiated by the Ministry of Infrastructure.The bill stipulates the long -term obligations of government (PPP) cooperation with social capital (PPP) and franchise agreements.

Ukraine will now be able to pay private investors to private investors in accordance with the PPP or franchise agreement under the National Road Fund.

Wu Blakov, Minister of Infrastructure, said that the bill will standardize the mutual obligations of the state and investors in the PPP project, especially to ensure that the enterprise will be guaranteed, that is, the state will fulfill the obligation to pay the operation reserve, that is, the so -called usabilityPay.

Kubrakov pointed out, "At present, we have 2 PPP pilot projects-Halkov-Diebero-Zapolo Highway and Yagokin Kwair Lutzk Road. These projects are in international financeWith the support of the Group and the European Renaissance Development Bank.

The contract signed within the PPP framework (including the franchise agreement) is long -term -the average period is 5 to 50 years.The relevant agreements can clearly perform the obligations that the state should perform after the project is put into production to the end of the agreement, including paying reserve for social capital.

Previously, the government (franchise) was deprived of the opportunity to implement such agreements due to the restrictions on the budget process.The lack of a long -term commitment mechanism has hinders investors to participate in the PPP project and affect the scale of road construction.

The key clauses of the bill include: the long -term obligations of the government (franchise); the long -term liabilities of the year under the PPP agreement;Rental payment mechanism.

Source: Official Website of Ukraine Infrastructure Department

Frontier industry observation

支持 EU approves a new plan to support hydrogen energy infrastructure construction

The European Commission issued a statement on February 15, 2024 saying that a new plan has been approved to support the construction of hydrogen energy infrastructure and reduce dependence on natural gas, thereby promoting the achievement of carbon neutrality.

The European Commission stated that 7 EU countries in France, Germany, Italy, the Netherlands, Poland, Portugal, and Slovakia will provide the plan with a public fund of 6.9 billion euros, and it is expected to drive more than 5.4 billion euros in private investment.

The European Commission said that under the promotion of this plan, 32 companies will participate in 33 projects related to hydrogen energy, including the construction of large electrolytic grooves for production of hydrogen transmission and distribution pipelines of about 2,700 kilometers of hydrogen, new and reconstruction of about 2700 kilometers., Construction of large hydrogen storage facilities.

According to reports, large electrolytic groove projects are expected to be put into use between 2026 and 2028, and the pipeline project will be put into use between 2027 and 2029.

Source: Xinhua News Agency

求 The soaring demand for key minerals has attracted great attention from India

According to the BNAMERICAS website quoted the India Express, the global key mineral pattern is changing rapidly.The security of key mineral resources is essential for India's economic growth.

After India's long -awaited 30 key mineral lists, several recent things that happened, including deciding to join the Mineral Security Partnership (MSP), and Khanij Bidesh, a state -owned enterprise Kanigibish (Khanij BideshINDIA LTD., Kabil) purchasing brine lithium blocks in Argentina shows that the government's government is solving this problem seriously.In other words, from the perspective of key mineral development capabilities, India has been backward for a long distance.

Data from the Ministry of Industry and Commerce of India show that in fiscal 2023, 10 key minerals in India, including nickel, platinum metals, lithium, etc., reached $ 11 billion, an increase of 34%.Platinum metal, one of the imports for the key materials used to produce electronic products reached 3 billion US dollars, an increase of 62%.The amount of lithium imports is close to $ 3 billion, and it also shows rapid growth.

The Indian Ministry of Mining has achieved strength to explorate key minerals under various states.Experts believe that the Indian key mineral exploration only exerts the potential of 10-20%.

The policy efforts to attract foreign direct investment (FDI) are not good, because the proportion of mining industry in the total FDI industry from 2000 to 2021, and India's production of 95 kinds of minerals, this situation seems to be contradictory.Because mining development takes many years to achieve production, the safety of key mineral supply chains is very important.

In this case, it is very important to understand that Indian enterprises' external direct investment (OFDI) to ensure that these minerals can play.

The Indian Reserve Bank (RBI) foreign direct investment database analysis showed that from 2007 to 2021, the country's oil and gas and mining investment in the world was about 42 billion U.SSurat Investment. dollars, accounting for 12%of the total OFDI in the same period.

After removing the oil and gas industry, mining and quarry OFDI is less than $ 1 billion.From April 2021 to August 2023, 5%of India's OFDI flowed to agriculture and mining.

At present, India's OFDI is mainly in financial services, medicine and other manufacturing industries.India's expansion of key mineral OFDI can only be opened by state -owned enterprises.To take action, you must formulate detailed long -term plans.For countries with rich investment in key minerals, they need to consider geopolitical risks.

Therefore, Indian state -owned enterprises must lead the investment in these countries to enhance the confidence of private enterprises.Enterprises must be guided in integrated investment in key minerals.For example, power battery manufacturers can be encouraged to invest in overseas lithium ore mining and processing to ensure the safety of the entire supply chain.At the micro level, the key departments must be determined, and enterprises in these departments should be integrated with upstream and downstream investment to ensure the security of the supply chain, thereby reducing foreign dependence.Although it is easy to do it, the continuous efforts in this area can bring long -term benefits.

In addition, financing is a key factor affecting Indian private enterprises' overseas investment.At present, most of India's direct investment is either guaranteed through loans, not equity models.

In order to succeed in the key mineral field, India needs a variety of reliable financing channels instead of relying on traditional financing models.

Drawing on the practice of Australian clean energy finance companies, or incorporating government -supported institutions such as the India's Renewable Energy Development Agency (IRDA) into it, it may expand the source of funds.

At present, the Indian government is urgently needed to do everything possible to expand key mineral development space to ensure future supply chain security.

Source: Indian Natural Resources Department

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【Source of Information】 Weiko Group

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