Market News: The Bank of Japan will consider not raising interest rates at its next policy meeting.Chen Guo, China Securities: The 2025 policy will focus on expanding domestic demand and AI+ in all directions, and the Central Economic Work Conference will be held in Beijing from December 11th to 12th. Chen Guo, chief strategy officer of China Securities, said that the meeting had seven highlights, including clarifying the growth target and fiscal and monetary policy measures, expanding domestic demand in all directions as the top priority of the policy, focusing on "AI+" in science and technology, focusing on implementation of reform measures, paying attention to coping with external shocks in opening up, strengthening the expression of real estate policies, and increasing efforts to improve people's livelihood. Chen Guo said that further RRR cuts and interest rate cuts from the end of 2024 to 2025 are worth looking forward to, and the easing of the liquidity environment has become a market consensus. However, this does not mean that liquidity is rampant, because the growth of money supply in the scale of social financing still continues the requirement of matching the expected target of the overall price level of economic growth. Chen Guo believes that the 2025 policy will focus on expanding domestic demand and AI+ in an all-round way, and the strength and direction of the policy are in line with expectations. With the support of policy expectations and liquidity, it is expected that the market will continue to show the characteristics of volatility. From the perspective of investment strategy, Chen Guo suggested focusing on non-bank finance, real estate chain, consumer electronics, machinery, construction, building materials, steel, social services, catering chain and other sectors. In terms of theme, it is suggested to pay attention to investment opportunities such as "duality" and "two innovations", supply-side optimization, new quality productivity, market value management of state-owned enterprises and CSI A500 index.Zhu Haoxiang, the Chinese director of the US SEC, resigned. The US Securities and Exchange Commission recently announced that Zhu Haoxiang, the director of the Trading and Marketing Department, will leave on December 10, 2024, and he will return to the Si Long School of Management at MIT to continue to serve as an associate professor of finance. As one of the important members of Gary Gensler, the current chairman of the SEC, Zhu Haoxiang was appointed by the SEC in December 2021. (Caixin. com)
On the 13th, coking coal fell by 2.15%, and the latest main contract positions changed as follows. According to the exchange data, as of December 13th, the main contract coking coal closed at 2501, up or down by -2.15%, with a turnover of 104,800 lots. The position data showed that the top 20 seats were clear, and the difference position was 15,553 lots. The total contract turnover of coking coal futures was 180,200 lots, an increase of 8,845 lots over the previous day. The first 20 seats in the contract held 163,200 lots, an increase of 4,563 lots over the previous day. The short positions in the top 20 seats of the contract were 194,300 lots, an increase of 5,926 lots over the previous day. (Sina Futures)The turnover of Shanghai, Shenzhen and Beijing exceeded 1 trillion yuan, 55.6 billion yuan more than the previous day. Up to now, the turnover of Shanghai, Shenzhen and Beijing exceeded 1 trillion yuan, 55.6 billion yuan more than the previous day. Among them, the turnover of Shanghai Stock Exchange was 394.6 billion yuan, that of Shenzhen Stock Exchange was 596.3 billion yuan, and that of Beizheng 50 was 11.1 billion yuan.The implementation of personal pension system will bring multiple impacts. According to CCTV news, the implementation of personal pension system will have a far-reaching impact on China's old-age security system. This system aims to improve the multi-level old-age security system, encourage individuals to participate in old-age savings, and improve the level of life security after retirement. In addition, the establishment of individual pension accounts will provide new business growth points for financial institutions and help the development of the capital market. On the whole, this move is expected to promote the transformation of the concept of social pension and promote the sustainable development of the pension service industry.
According to the data released by Shanghai Steel Union, the price of battery-grade lithium carbonate (in early trading) dropped by 100 yuan compared with the previous day, with an average price of 76,350 yuan/ton.Defender said that Li Tie had not decided whether to appeal, and Li Tie's defender was interviewed by CCTV reporters outside the court. Regarding the first-instance judgment that Li Tie was sentenced to 20 years, the defender said that Li Tie had not decided whether to appeal, and he would negotiate with Li Tie again. Regarding the state of Li Tie's trial today, the defender's answer is: calm, peaceful and stable. (Tiantian Sports)Huaan, AVIC, etc. lined up to enter the ranks of public offering warehousing logistics REITs. According to the announcement of AVIC Fund, the AVIC Yishang warehousing logistics REITs jointly built with ESR Group, the largest new economic real estate management company in the Asia-Pacific region, are being issued. This is the first REIT issued by ESR Group in China, and its infrastructure assets consist of three warehousing and logistics parks, namely, Phase I, Phase II and Phase III of Fulaide Kunshan Logistics Park. According to the data of wind, up to now, Huaxia Fund, harvest fund, Huatai Securities Asset Management, Hongtu Innovation Fund and CICC Fund all have a listed warehousing and logistics REIT, while Huaan Waigaoqiao REIT, which was established on December 12th, has not been listed yet. In addition, Huaxia Fund and southern fund's newly declared warehousing logistics REIT are in the inquiry stage, while Huitianfu's warehousing logistics REIT is in the feedback stage.
Strategy guide 12-14
Strategy guide