Liang Zhonghua of Haitong Securities: The general direction of "positive" macro policy in 2025 has been determined, and the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on December 9 to analyze and study the economic work in 2025. Liang Zhonghua, chief macro analyst of Haitong Securities, said that judging from the statement of the meeting, the general direction of "positive" macro policy in 2025 is certain. Among them, "supernormal countercyclical adjustment" was put forward for the first time. Liang Zhonghua analyzed that "supernormal adjustment" may be different from QE (quantitative easing) in western countries, but refers to a traditional tool that has grown steadily in the past few years, making a breakthrough on the margin and playing the role of "keeping innovation" and "enriching and perfecting the policy toolbox". Judging from the policies that have been issued since September, this round of steady growth is a steady growth under the framework of "high quality". The high-quality framework will not change, and there will be no strong stimulation of flood irrigation. The meeting proposed to "implement a more active fiscal policy and a moderately loose monetary policy". Liang Zhonghua believes that next year's finance is expected to make further marginal efforts. It is expected that deficit ratio may improve. At present, 3.5%-4.0% is more likely, and the scale of special bonds may be marginally increased. Special government bonds supporting "duality" and "two innovations" will continue to be issued or increased. In addition, the debt-melting policy launched in November will also be the financial focus next year, and it is expected that special government bonds may be issued to supplement bank capital. In addition, the gradual interest rate cut will continue next year, and the structural monetary policy will continue to exert its strength. The meeting stressed that "it is necessary to vigorously boost consumption, improve investment efficiency, and expand domestic demand in all directions." In this regard, Liang Zhonghua believes that compared with Politburo meeting of the Chinese Communist Party's statement of "expanding domestic demand with the focus on boosting consumption" in July, this meeting pays more attention to expanding domestic demand, and its support is expected to be further increased in the future. Since the beginning of this year, with the extra-long special national debt funds in place, the consumption of consumer goods trade-in policy has gradually emerged. There is still room for further efforts to expand domestic demand policies such as replacing old consumer goods with new ones next year. Liang Zhonghua also mentioned that this meeting clearly put forward "stabilizing the property market and stock market", which shows that the policy pays high attention to the property market and stock market. As an important signal to pay attention to the economy and expectations, the policies of the property market and stock market are also positive.Xiaomi Auto Elite Driving Activity started. According to Xiaomi News, Xiaomi Auto Elite Driving Activity is now open for registration, and the registration fee is 9999 yuan. Participants will receive a 9999 yuan deposit gift certificate for Xiaomi SU7 Ultra, enjoy a professional track and drift experience, and get a professional certificate after the event.Yonhap News Agency: Kim Sang-wook, a member of South Korea's ruling party, expressed his support for impeaching President Yin Xiyue.
China's total export in November was 2,221.72 billion yuan, with the previous value of 2,189.92 billion yuan. China's total import volume in November was 1,528.92 billion yuan, with the previous value of 1,510.82 billion yuan.Wan Liyang: The aluminum alloy die-casting project invested and built by the company in Jiangshan, Zhejiang Province has been put into production. Wan Liyang said on the interactive platform on December 10th that the aluminum alloy die-casting project invested and built by the company in Jiangshan, Zhejiang Province has been put into production.General Administration of Customs: In the first 11 months, the import and export of private enterprises was 21.99 trillion yuan, accounting for 55.3% of China's total foreign trade. According to the data of the General Administration of Customs, in the first 11 months, the import and export of private enterprises was 21.99 trillion yuan, up 8.7%, accounting for 55.3% of China's total foreign trade, up 2 percentage points over the same period last year. Among them, the export was 14.86 trillion yuan, up 9.2%, accounting for 64.5% of China's total export value; Imports amounted to 7.13 trillion yuan, up 7.9%, accounting for 42.6% of China's total import value. In the same period, the import and export of foreign-invested enterprises reached 11.67 trillion yuan, up by 1.1%, accounting for 29.3% of China's total foreign trade. Among them, exports were 6.36 trillion yuan, an increase of 2.1%; Imports reached 5.31 trillion yuan, down 0.1%. The import and export of state-owned enterprises was 6.04 trillion yuan, down 0.7%, accounting for 15.2% of China's total foreign trade. Among them, the export was 1.79 trillion yuan, an increase of 3.9%; Imports were 4.25 trillion yuan, down 2.5%. (General Administration of Customs)
Xinjiang's revitalization plate rose in a short period of time, Xinjiang Jiaojian had a daily limit, Qingsong Jianhua, Bona Film and Friendship Group had previously closed the board, the western animal husbandry rose by more than 10%, and the western construction, Beixin Road and Bridge, Tianshun shares, Beiken Energy and Guotong shares followed suit.Electric wind power set up a new company, including offshore wind turbine business. The enterprise search APP shows that recently, Shangdian Ruoqiang New Energy Co., Ltd. was established with Gao Xiang as its legal representative and registered capital of 1 million yuan. Its business scope includes: sales of new energy prime mover equipment; Sales of onshore wind turbines; Offshore wind turbine sales, etc. Enterprise equity penetration shows that the company is wholly owned by Electric Wind Power.Big financial stocks rose in intraday trading, with great wisdom hitting the daily limit. Tianmao Group, Guosheng Financial Holdings and Tianli Technology had previous daily limit, while huijin technology, Compass, Winson, Dongxing Securities and Oriental Fortune rose more than 5%.
Strategy guide
12-13
Strategy guide
12-13
Strategy guide