Interpretation of Guangfa Strategy December Politburo Meeting: The change of policy tone "not seen for several years" is more direct to the determination to support the stability of the equity market and the real estate market. Guangfa Strategy Review December Politburo Meeting said that although the draft of the meeting did not involve specific economic target figures, the change of policy tone was "not seen for several years": (1) "Strengthening unconventional countercyclical adjustment" appeared for the first time in the draft of the conference, and we understand that this may well mean that the official target of deficit ratio will be unconventional. (2) "Moderately loose monetary policy" has reappeared since July 2010, and it has been "steady" during the period. Even in the 14-15 monetary easing cycle, there was no adjustment of this wording, which paved the way for the expectation of monetary easing in 25 years; (3) The "more active fiscal policy" has reappeared since July 2020. Under the special background of the 20-year epidemic, the official target of deficit ratio in that year was set at 3.6%, which was the highest since 2010. The change of tone after four years also indicates that the deficit space in 25 years is expected to be further opened. Specific to economic work, the first priority is to "expand domestic demand", and the expression of "stabilize the property market and stock market" is more straightforward: the importance of expanding domestic demand is unquestionable, which alleviates the concern of "whether to only resolve risks and lack demand stimulation" in the early stage of the market; In September, the Politburo meeting stated that the stock market should strive to boost the capital market and the property market should "promote the real estate market to stop falling and stabilize". This meeting was more direct in its determination to support the stability of the equity market and the real estate market.The intraday increase of AUD/USD between the Australian dollar and the US dollar expanded to 1.00%, and it is now reported at 0.6463.The Houthi armed forces in Yemen claimed to carry out military operations in Ashdod, Israel and hit the target. On December 9, local time, the Houthi armed forces in Yemen issued a statement saying that they successfully launched a military operation in Ashdod, Israel, and successfully hit the target.
U.S. Treasury Department: Sanctions were imposed on 28 individuals and enterprises related to a global gold smuggling and money laundering network based in Zimbabwe.Pre-market news of U.S. stocks: ① Stock index futures of U.S. stocks fell slightly before the market closed on Monday, global stock markets remained stable, and investors digested geopolitical turmoil. ② As of press time, Dow futures fell 0.07%, S&P 500 futures fell 0.11%, and Nasdaq futures fell 0.15%. (3) Germany's DAX index fell by 0.10%, Britain's FTSE 100 index rose by 0.26%, France's CAC40 index rose by 0.34%, and Europe's Stoxx 50 index fell by 0.02%. ④WTI crude oil rose 1.21% to $68.01/barrel. Brent crude oil rose 1.00% to $71.83/barrel. ⑤ The next test of the financial market is the US consumer price report on Wednesday, which will provide the Fed policymakers with a final observation of the inflation environment before the last meeting this year. The core data is expected to remain at 3.3% in November, which should not hinder the interest rate cut. 6. Analysts of Wall Street banks have basically published their annual forecasts. Their average forecast is that the S&P 500 index will rise by about 10%, which is in line with the historical average. 7 Tesla's share price rose more than 2% before the market, approaching a record high, and the sales growth target for next year is 20-30%. Today, NVIDIA's pre-market diving fell by more than 2%, and the General Administration of Market Supervision decided to file an investigation according to law. Pet-name ruby ultra-micro computers rose more than 12% before trading, and the request for delaying the submission of financial reports was approved by Nasdaq.Valin Steel: Valin Steel increased its capital by 1 billion yuan. Valin Steel announced that in order to support its subsidiary Valin Steel to implement the technology development and industrial application project of extra-large diameter seamless steel pipe continuous rolling, the company and Hunan Iron and Steel Group intend to increase its capital by 1 billion yuan in the same proportion. Among them, Hunan Iron and Steel Group invested 140.9 million yuan and Valin Steel invested 859.1 million yuan. The capital increase price is determined based on the net asset value of the 2023 annual audit report of Valin Henggang audited by Tianjian Certified Public Accountants on December 31, 2023.
The word "moderate easing" releases the economic signal next year. On December 9, an important meeting was held. The meeting analyzed and studied the economic work in 2025, and mentioned that a moderately loose monetary policy should be implemented next year. Since 2011, China has maintained a sound monetary policy tone for a long time. This time, the prefix of monetary policy has changed to "moderately loose", which means that economic policy will provide more liquidity next year. (Yuyuan Tan Tian)Liu Jianchao met with Shi Resta, First Vice Chairman of CPN (Maoist Center). On December 9, Liu Jianchao, Minister of International Liaison Department of CPC Central Committee, met with Shi Resta, First Vice Chairman of Nepal communist party (Maoist Center). The two sides exchanged views on implementing the important consensus of the leaders of the two countries, strengthening inter-party exchanges, deepening cooperation in building the "Belt and Road" and promoting the development of relations between the two parties and the two countries. (Xinhua News Agency)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.
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
12-13
Strategy guide 12-13
Strategy guide
Strategy guide 12-13
Strategy guide
12-13