Caitong Securities: It is expected that the main objectives and tasks of economic and social development will be successfully completed throughout the year. 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. According to Chen Xing, the macro chief analyst of Caitong Securities, from the current situation, the economic operation has been generally stable this year, and the key areas of risks have also been resolved in an orderly and effective manner. The meeting has confidence in this year's economic performance, and it is expected that the main objectives and tasks of economic and social development will be successfully completed throughout the year. From the perspective of future deployment, first, the positive attitude is unprecedented. The meeting mentioned that the policy will be more active and promising, and on the basis of counter-cyclical adjustment, it emphasized that the intensity should be "extraordinary" to offset "external shocks". We will implement a more proactive fiscal policy and a moderately loose monetary policy. Second, pay more attention to the actual effect of policies, not only to strengthen the forward-looking, targeted and effective regulation at the macro level, but also to promote the effectiveness of landmark reform measures in specific measures. Third, pay more attention to systematicness, emphasize "system integration and coordination", improve the toolbox, lay a good policy "combination boxing" and stabilize expectations.The largest artificial intelligence supercomputing center in Hong Kong was opened, and the largest artificial intelligence supercomputing center in Hong Kong was officially put into service on the 9th, providing computing support for local universities, R&D institutions and enterprises, and helping the construction of Hong Kong International Innovation Center. Sun Dong, Director of the Innovation, Technology and Industry Bureau of the Hong Kong SAR Government, said at the opening ceremony held at the Cyberport that artificial intelligence is a key technology to develop new quality productivity and has great potential. In the face of this wave of science and technology, Hong Kong should keep pace with the times, actively deploy and seize the opportunities of artificial intelligence development. Supercomputing Center will not only provide advanced computing power to promote industrial development, but also become the cradle of cultivating talents related to artificial intelligence and inject new impetus into the high-quality development of Hong Kong's economy.Polls show that the cabinet support rate of Japanese Prime Minister Shi Pomao dropped to 38%. According to reports, the results of a nationwide poll conducted by the agency from 6 to 8 this month showed that the cabinet support rate of Prime Minister Shi Pomao was 38%, which was 3 percentage points lower than the previous poll of the agency. The disapproval rate was 38%, which was 1 percentage point higher than the previous poll.
US stocks of Interpublic Group rose nearly 16% before the market, and Omnicom once fell more than 5%. Omnicom, a large advertising and public relations company, will acquire Interpublic Group by way of stock exchange.UAE Foreign Ministry official: Pay close attention to the development of the situation in Syria; Emphasize the importance of safeguarding Syrian unity and protecting its national institutions.At least two people were killed when a fuel depot exploded in central Italy. On December 9, local time, a fuel depot exploded in the suburb of Florence in central Italy, killing at least two people and injuring eight others. The reporter at the reception desk was informed that the explosion caused a fire, but the fire was limited to the loading and unloading area of the fuel depot. The local civil defense department asked nearby residents to close their windows and stay away from the fuel depot area. After the explosion, some railway operations from Florence to Bologna were suspended, and the expressway exit near the fuel depot was closed in both directions. It is understood that the fuel depot belongs to Eni Group, a major Italian energy company.
Trump Group plans to build more projects in Saudi real estate market, and Trump Group and luxury real estate developer Dar Global Plc plan to build two new luxury projects in Saudi Arabia in order to benefit from the country's fast-growing real estate market.Shenwan Hongyuan Securities interprets the meeting of the Political Bureau in December: highlighting "expanding domestic demand in all directions" and "stabilizing the property market stock market". Shenwan Hongyuan Securities Research Report pointed out that in December, Politburo meeting of the Chinese Communist Party's discussion on next year's economic work was more refined, guiding the direction of future policies, such as "expanding domestic demand in all directions". The meeting rarely emphasized "stabilizing the property market and stock market", highlighting that the current policy pays more attention to the impact of asset-side performance on the real economy. The positive signal of the policy is being released continuously, and more specific deployment focuses on the upcoming Central Economic Work Conference in December. In terms of fiscal and monetary policies, the positive degree of macro-policy adjustment is relatively rare. The meeting proposed "implementing more positive and promising macro-policies" and "strengthening unconventional counter-cyclical adjustment". Under the "more active" fiscal policy, it may be worth looking forward to actively using the central deficit space that can be improved. Under the tone of "moderate easing", monetary policy may pay more attention to internal balance, and the RRR cut can be expected.Dongfang Jincheng: In 2025, the policy interest rate cut may reach 0.5 percentage points. 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. Dongfang Jincheng judges that in 2025, the central bank will continue to implement vigorous interest rate cuts and RRR cuts, among which the policy rate cuts may reach 0.5 percentage points, which is significantly higher than the rate cut of 0.3 percentage points this year, and the interest rates of various structural monetary policy instruments will also be lowered in a timely manner, thus guiding the financing costs of enterprises and residents to go down. It is not ruled out that in 2025, it is possible to continue to implement a large-scale targeted interest rate cut on residential mortgages by greatly guiding the downward trend of LPR quotations for more than five years. (The Paper)
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
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