The transformation bull of China stock market is taking shape. The intraday volatility of A50ETF Huabao (159596) meets the layout window. On December 13th, the market fluctuated and adjusted in early trading. By midday, A50ETF Huabao (159596) fell by 2.13%, with a turnover of 69.36 million yuan. In terms of constituent stocks, the top ten awkward stocks are mixed. In terms of rising, Yangtze Power rose; In terms of decline, Zijin Mining led the decline. Guotai Junan believes that the positive change of decision-makers' attitude towards reversing the economic situation and supporting the capital market is an important cornerstone for revising long-term expectations and getting rid of "bear market thinking" and raising the bottom of the stock market. The reform of the capital market will improve shareholders' returns, and resolving debts, promoting reform and stabilizing asset prices are expected to constitute the new "three arrows" of China's economic development, and the transformation bull of China's stock market is taking shape.Beijing officially launched the online game boutique publishing project. At the 2024 China Game Industry Annual Conference held today, Zhai Degang, deputy director of the Propaganda Department of Beijing Municipal Committee and director of Beijing Press and Publication Bureau, said that Beijing Press and Publication Bureau would organize the implementation of the online game boutique publishing project to guide and drive the high-quality development of Beijing's game industry. It is reported that the online game boutique publishing project will focus on five key directions: spreading positive mainstream values, carrying forward the spirit of Chinese culture, showing the style of the capital era, highlighting the vitality of scientific and technological innovation, and having the potential for international communication. Five supporting mechanisms including priority recommendation, whole-process incubation, copyright protection, platform service and talent guarantee mechanism will be implemented. The works selected for the project will be included in the Beijing online game key selection database, and priority will be given to the national-level promotion and selection projects, and incentives will be given.Sumeida: Its mechanical and electrical company won two standby power supply projects in succession. According to Sumeida, in the fourth quarter of 2024, Sumeida went all out to sprint the annual target task. Its mechanical and electrical company continued to deepen the domestic and international markets and won two standby power supply projects in succession, namely, the first-phase mechanical and electrical equipment room supporting project of China Mobile Guangdong, Hong Kong and Macao (Shaoguan) data center and the standby power supply project with an annual output of 100,000 tons of high-purity silicon-based materials in the Middle East.
Shenzhen Railway Commercial Co., Ltd. and Shenzhen Luckin Coffee reached a strategic cooperation alliance. On December 13th, Shenzhen Railway Commercial Co., Ltd. and Shenzhen Luckin Coffee reached a strategic cooperation alliance. This cooperation indicates that the two sides will jointly explore a new integration mode of track space and coffee retail. According to the agreement, Shenzhen Railway Commercial Co., Ltd. will make full use of the development and operation experience of different types of commercial projects such as Shenzhen subway station, station city complex and complex, and cooperate with Shenzhen Luckin Coffee in depth, and set up at least 50 stores in the commercial space of Shenzhen subway.The transformation bull of China stock market is taking shape. The intraday volatility of A50ETF Huabao (159596) meets the layout window. On December 13th, the market fluctuated and adjusted in early trading. By midday, A50ETF Huabao (159596) fell by 2.13%, with a turnover of 69.36 million yuan. In terms of constituent stocks, the top ten awkward stocks are mixed. In terms of rising, Yangtze Power rose; In terms of decline, Zijin Mining led the decline. Guotai Junan believes that the positive change of decision-makers' attitude towards reversing the economic situation and supporting the capital market is an important cornerstone for revising long-term expectations and getting rid of "bear market thinking" and raising the bottom of the stock market. The reform of the capital market will improve shareholders' returns, and resolving debts, promoting reform and stabilizing asset prices are expected to constitute the new "three arrows" of China's economic development, and the transformation bull of China's stock market is taking shape.District 9 of Beijing issued a gale warning. At present, Huairou, Yanqing, Changping, Haidian, Mentougou, Fangshan, Chaoyang, Pinggu and Shijingshan have issued a blue gale warning signal. Today, the wind-cold effect is obvious, and the body feels cold. We should pay attention to wind and cold protection, and stay away from temporary structures such as billboards and tall trees, and do a good job in outdoor aerial work.
Ye Fan, Southwest Securities: In 2025, the upward trend of domestic economy will continue, and it is estimated that the annual RRR will be lowered by about 100bp. The Central Economic Work Conference will be held in Beijing from December 11th to 12th. Ye Fan, chief economist of Southwest Securities, said that in 2025, the domestic economy will continue to stabilize and upward under the policy. From the structural point of view, infrastructure and manufacturing investment are expected to remain the main support items for domestic investment next year, and the decline in real estate investment will gradually narrow; Domestic demand is expected to play a stronger role in stimulating the economy than external demand, and domestic residents' consumption is expected to continue to pick up under the policy. Regarding the direction of fiscal and monetary policies, Ye Fan predicted that the issuance scale of ultra-long-term special government bonds will be around 1.5 trillion -2 trillion yuan in 2025, and it will continue to support the "dual" areas. In the first half of next year or the peak of government bond issuance, there may be a RRR cut for hedging. It is estimated that the RRR cut will be about 100bp for the whole year, and the interest rate cut will be decided by camera. The interest rate cut of 25bp-40bp may be promoted step by step.CICC: Depleting inventories to eliminate excess supply is still the main direction. The Central Economic Work Conference was held in Beijing from December 11th to 12th. In terms of real estate, the meeting will "continue to push the real estate market to stop falling and stabilize" as the primary task of risk prevention. The research department of CICC believes that destocking to eliminate excess supply is still the main direction. First, control the supply of new land; second, optimize the supply structure of existing land and commercial housing; it is expected that the supply optimization policies such as land ticket, land exchange and commercial housing reform will be further promoted; third, dispose of existing commercial housing; it is expected that the efforts to store unsold commercial housing and existing second-hand housing for affordable housing will be increased; fourth, intensify the implementation of the renovation of urban villages and dilapidated houses.The transformation bull of China stock market is taking shape. The intraday volatility of A50ETF Huabao (159596) meets the layout window. On December 13th, the market fluctuated and adjusted in early trading. By midday, A50ETF Huabao (159596) fell by 2.13%, with a turnover of 69.36 million yuan. In terms of constituent stocks, the top ten awkward stocks are mixed. In terms of rising, Yangtze Power rose; In terms of decline, Zijin Mining led the decline. Guotai Junan believes that the positive change of decision-makers' attitude towards reversing the economic situation and supporting the capital market is an important cornerstone for revising long-term expectations and getting rid of "bear market thinking" and raising the bottom of the stock market. The reform of the capital market will improve shareholders' returns, and resolving debts, promoting reform and stabilizing asset prices are expected to constitute the new "three arrows" of China's economic development, and the transformation bull of China's stock market is taking shape.
Strategy guide 12-14
Strategy guide
12-14
Strategy guide 12-14