Interpretation of the Political Bureau Meeting in December by CITIC Securities: It is estimated that the reverse repo rate will drop by 40-50bps next year, and the LPR and loan interest rates may drop even more. CITIC Securities Research Report pointed out that a new round of policy starting guns will be fired, and the policy inflection point will be reconfirmed, making it clear that the macro policy will be strengthened and effective in 2025. From the perspective of fiscal policy, the meeting called for the implementation of a "more active fiscal policy" and enriched the policy toolbox, which may indicate that in 2025, both deficit ratio in a narrow sense and deficit ratio in a broad sense will be significantly improved, and the focus of policy development is also expected to be marginal in the field of people's livelihood consumption. From the perspective of monetary policy, this Politburo meeting calls for the implementation of a moderately loose monetary policy. This is the first time that China has implemented a moderately loose monetary policy after 2010. It is estimated that the reverse repo rate will drop by 40-50bps next year, and the LPR and loan interest rates may drop even more. From the perspective of domestic demand policy, the statement of expanding domestic demand in an all-round way, especially "vigorously boosting consumption", exceeds market expectations. With the support of the existing policies coming into effect and the policy of increasing domestic demand, the improvement of domestic demand may have strong certainty and sustainability. In addition, in terms of structural policies, on the one hand, the meeting clearly stated that it is necessary to "stabilize the property market and the stock market", and the importance of the stock market continues to be highlighted, and real estate is still in the policy landing period; On the other hand, the meeting emphasized that "scientific and technological innovation leads the development of new quality productive forces", and new industries and future industries are expected to receive further policy support.Ministry of Finance: Leaders of international economic organizations are full of confidence in China's economic transformation and future. The Ministry of Finance held a briefing today (9th). Relevant leaders of the Ministry of Finance introduced the main situation of the "1+10" dialogue and answered questions from reporters. Liao Min, Vice Minister of Finance, said that the heads of international economic organizations are full of confidence in China's economic transformation and future, and expressed their willingness to strengthen cooperation with China to jointly safeguard the process of multilateralism and economic globalization. Liao Min introduced that the dialogue highlighted three key words: commitment, support and cooperation. Ten heads of international economic organizations participated in the dialogue, focusing on the theme of "building consensus on development and promoting global common prosperity", focusing on "seizing the opportunity of change, promoting the transformation and growth of the world economy", "upholding multilateralism, promoting the reform of the global economic governance system" and "China further comprehensively deepening reforms and opening up broad prospects for modernization" Liao Min said: "First, he reiterated his firm commitment to economic globalization and multilateralism; Second, it shows strong support for global economic growth and common development; Third, it has promoted the coordination and cooperation of international economic organizations. China is taking pragmatic and effective measures to intensify countercyclical adjustment, intensify the implementation of macro policies, and do everything possible to boost consumption; Further deepen reform in an all-round way, expand high-level opening to the outside world, and bring greater opportunities for world development. This is the greatest certainty of China's economy to the world economy. " Liao Min said that economic growth in all countries faces common and different challenges. Leaders of international economic organizations attending the meeting highly praised China's great progress in poverty reduction and development and its historic contribution to the world, affirmed and supported China's recent package of incremental policies, and hoped that China would continue to be a "stabilizer" and "power source" for global economic growth. Liao Min said: "We have stepped up counter-cyclical adjustment and taken pragmatic and effective measures to promote sustained economic recovery. The delegates affirmed China's positive progress in supporting economic growth and promoting structural adjustment. China is transforming from an investment-driven growth model to a consumption-and innovation-driven growth model. The successful transformation of China's economy will benefit the global economy. " Liao Min said that the contribution rate of China's economy to world economic growth has remained at around 30% for more than 10 years, and it is an important engine of global development. The underlying logic of China's economic upturn and the principle of benefiting the world have not changed, and it will continue to inject more certainty and predictability into the world economy with its own stable development. (CCTV News)Brent crude oil stood at $72/barrel, up 1.57% in the day.
Mexican President Simbaum said that the US Deputy Secretary of State candidate "did a good job" during his tenure as the US ambassador to Mexico.South Korea's public prosecutor's office issued an arrest warrant against former defense minister Jin Longxian on suspicion of "civil strife and abuse of power". On the 9th local time, the special investigation headquarters of South Korea's public prosecutor's office said that it issued an arrest warrant against former defense minister Jin Longxian on the grounds of "civil strife and abuse of power". On December 5, local time, South Korean prosecutors banned former Defense Minister Jin Longxian from going abroad on the grounds of alleged "civil strife". (World Wide Web)According to statistics, on December 9, as of press time, five A-share listed companies including Jinghua Laser, Wuxi Zhenhua, Mindong Electric Power, Tefa Service and Yandongwei disclosed their holdings.
COMEX gold futures hit $2,700 per ounce, up 1.52% in the day.Navigation warning: Military missions will be carried out in the northern part of the Yellow Sea in the Bohai Strait. According to the website of China Maritime Safety Administration, Dalian Maritime Safety Administration issued a navigation warning. From 7: 00 on December 10 to 22: 00 on November 11, some waters in the northern part of the Yellow Sea in the Bohai Strait will be carried out on military missions, and it is forbidden to enter.Insiders: It is expected that the second car of Xiaomi, YU7, will mark Tesla Model Y,12 On December 9, the second car of Xiaomi Automobile officially landed in the Ministry of Industry and Information Technology. According to the information of the Ministry of Industry and Information Technology, the second model of Xiaomi Automobile is a pure electric SUV, and the trailer label shows that this model is named "YU7". The new car is 4999mm long, 1996mm wide and 1600mm high, with a wheelbase of 3000mm and a top speed of 253 km/h. Previously, the appearance and interior spy photos of Xiaomi YU7 have been exposed. In appearance, the new car continues many family design elements of Xiaomi SU7 in design, but the semi-hidden door handle has become a hidden door handle. In addition, because the new car body looks similar to Ferrari Purosangue, it has also been dubbed "Farami" by netizens. According to the analysis of insiders, Xiaomi SU7 is against Tesla Model 3, and it is expected that Xiaomi's second car YU7 will be against Tesla Model Y.. (CBN)
Strategy guide
Strategy guide 12-13
Strategy guide
12-13
Strategy guide
12-13
Strategy guide
Strategy guide
12-13