Guoguang Chain: The wholly-owned subsidiary plans to invest 260 million yuan to purchase assets. Guoguang Chain announced that the wholly-owned subsidiary Ganzhou Guoguang plans to set up a wholly-owned subsidiary in Ruijin City, Jiangxi Province. It is estimated that the total investment will not exceed 260 million yuan within 18 months, which will be mainly used to purchase the state-owned land use right owned by Ganzhou Shuofeng Real Estate Co., Ltd. and the projects under construction, civil decoration projects, equipment purchase, start-up expenses, laying liquidity and so on. Among them, it is planned to purchase the underlying assets in cash of 115 million yuan.Guangfa Strategy Review 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 is likely to 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.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.
Huaxi Securities Interpretation of the Political Bureau Meeting in December: The policy strength showed an upward trend. The Huaxi Securities Research Report pointed out that the release signal of this meeting was positive. Judging from the significant strength of Hong Kong stocks and A50 futures, the content of the meeting greatly exceeded previous market expectations. There are mainly the following aspects: First, the policy tone is more positive. "Strengthening unconventional countercyclical adjustment", which is used to describe countercyclical adjustment for the first time, reflects the upward trend of policy strength. The policy of this year's two sessions is expressed as "strengthening countercyclical and cross-cyclical adjustment of macro policies", the Politburo meeting in July "strengthening countercyclical adjustment" and the Politburo meeting in September "strengthening countercyclical adjustment". From the point of view of change, it gradually turns to counter-cycle instead of cross-cycle, and the intensity is constantly upgrading. Create a follow-up policy for the market that may continue to be introduced until the economy stabilizes and rebounds. At the same time, the meeting did not mention "coordinating the expansion of domestic demand and deepening the structural reform of the supply side", but directly mentioned the expansion of domestic demand, which is also a manifestation of facing the problem more directly and attaching importance to the demand side. Second, as far as finance and money are concerned, this meeting mentioned "implementing a more active fiscal policy and a moderately loose monetary policy", and the modifier "more" was added in front of the active fiscal policy. A similar expression was found in the Politburo meeting in April 2020, "The active fiscal policy should be more active and promising", and then in May, the two sessions formulated a large-scale fiscal combination boxing (deficit ratio 3.6%+, 3.75 trillion new special debts and 1 trillion special national debts). The third is to stabilize the property market and write the stock market into the 2025 goal. The fourth is to pay attention to consumption. The meeting mentioned "vigorously boosting consumption, improving investment efficiency and expanding domestic demand in all directions". It is expected that the policy of promoting consumption will make a breakthrough in scale and direction. Fifth, the meeting also mentioned science and technology (to lead the development of new quality productive forces with scientific and technological innovation and build a modern industrial system), green (to jointly promote carbon reduction, pollution reduction and green growth, and accelerate the overall green transformation of economic and social development) and foreign trade. Emphasizing science and technology, it is clear that the direction of future policy is in the industrial direction led by science and technology. At the same time, for green, because next year is the last year of the 14 th Five-Year Plan, emission reduction and other targets need to be completed. In terms of foreign trade and foreign investment, the meeting mentioned that "it is necessary to expand high-level opening to the outside world and stabilize foreign trade and foreign investment".IDF: Unit 210 continued its defensive activities, and the first paratroopers entered Syria.The British Chancellor of the Exchequer called on the EU to remove "unnecessary" trade barriers to Britain. It is reported that during his landmark visit to Brussels, British Chancellor of the Exchequer Reeves called on the EU to remove "unnecessary" trade barriers to Britain in order to promote economic growth. She said that in view of the fact that both Britain and the European Union are "struggling" in terms of economic growth, her goal is to persuade finance ministers of various countries to improve their post-Brexit relations. She said: "The first task of this government is to develop the economy ... and see the improvement of people's living standards. The fact is that these unnecessary trade barriers will lead to a decline in living standards and make it more difficult for British companies to be competitive on the global stage. " She added: "We all want to see our economy grow faster and be more competitive in the world ... One way to achieve this goal is to reduce some trade barriers. This is one of the arguments I will put forward when I meet my European counterparts today. "
Liang Wang was awarded the best men's doubles of the year. On December 9, Hangzhou, the awarding ceremony of the 2024 World Badminton Federation's Best Athlete of the Year Award and the Hall of Fame selection ceremony were held. Liang Weikeng/Wang Chang won the best men's doubles combination of the year.Huafa shares: it is planned to issue convertible corporate bonds of no more than 5.5 billion yuan. Huafa shares announced that the company plans to issue convertible corporate bonds of no more than 5.5 billion yuan to no more than 35 specific targets. Among them, Huafa Group, the controlling shareholder of the company, promised to subscribe for the convertible bonds in cash, and the subscription amount was not less than 29.64% of the actual issuance amount of the convertible bonds and not more than 2.75 billion yuan.MicroStrategy, a big bitcoin holder, bought 21,550 bitcoins on December 2-8.
Strategy guide 12-13
Strategy guide 12-13