Zhongjin's fixed income: the financing demand is weak under the background of debt conversion, and the monetary policy needs to continue to increase. Zhongjin's fixed income commented on the financial data in November, saying that it is expected that the currency will be loose or significantly accelerated next year, while the short-term interest rate may have a large downside. Under the background of slow real estate recovery, the domestic economy has stabilized relatively moderately, and the long-term interest rate has been affected or relatively limited. Next year, monetary and fiscal cooperation will be closer, and the supply factor of government bonds may not have much disturbance to the long end. Recently, the market has fully priced loose expectations, and the long-term interest rate has dropped rapidly. Next year, with the RRR cut, the short-term interest rate will fall or accelerate, and the yield curve will move down sharply.China's economic restructuring and upgrading loan interest rates have remained at a historically low level, the financial sector has continued to exert its efforts to support the real economy, and credit resources have more flowed to key areas and weak links of the national economy. At the end of November, medium and long-term loans for manufacturing industry, loans for "specialized and innovative" enterprises, and small and micro loans for general benefit increased by 12.8%, 13.2% and 14.3% respectively, which were higher than the growth rates of various loans in the same period. China's economic structure has been transformed and upgraded, and the credit structure has been continuously optimized. (CCTV News)
Moody's: Downgrading France's sovereign credit rating to Aa3, the outlook is stable.Han Wenxiu, Deputy Director of the Central Finance Office: China's GDP is expected to increase by about 5% this year. At the 2024-2025 China Economic Annual Meeting held at the China Center for International Economic Exchanges, Han Wenxiu, deputy director of the Central Finance and Economics Committee Office and director of the Central Rural Work Leading Group Office, said that China's GDP is expected to increase by about 5% this year. The contribution to global economic growth is close to 30%; Employment and prices remained stable, the international balance of payments was basically balanced, and the country's foreign exchange reserves remained above 3.2 trillion US dollars. (CCTV News)Betta claimed 6 million yuan from college students. The arbitration result came out: it was awarded 20,000 yuan as liquidated damages, and Betta claimed 6 million yuan from Luo Li, a college student who had a dispute over the interpretation agreement. After several years, the arbitration result finally came out, and Shenzhen International Arbitration Court only supported 20,000 yuan as compensation. (The Paper)
The second vote of the National Assembly on the impeachment case of Xiyue is obviously shaken and split within the ruling party. At 4 pm local time on the 14th (3 pm Beijing time today), the plenary session of the National Assembly of South Korea will once again vote on the impeachment case of South Korean President Yin Xiyue. If the impeachment case is approved by at least two thirds, that is, at least 200 votes, Yin Xiyue will be suspended immediately and the impeachment case will be handed over to the Korean Constitutional Court for a final ruling. Since the opposition camp in South Korea, which supports the impeachment of Yin Xiyue, has a majority of 192 seats in the National Assembly, Yin Xiyue's impeachment case will be passed in the National Assembly of South Korea as long as 8 of the 108 ruling party members vote in favor. It is reported that the ruling party will hold another emergency meeting of members of parliament before voting this afternoon. According to the news coming out, the ruling party may revise its boycott position in the last voting and will not restrict members from entering the venue to vote. Some analysts even said that the number of members of the ruling party in favor of the impeachment case may far exceed eight. (CCTV News)Betta claimed 6 million yuan from college students. The arbitration result came out: it was awarded 20,000 yuan as liquidated damages, and Betta claimed 6 million yuan from Luo Li, a college student who had a dispute over the interpretation agreement. After several years, the arbitration result finally came out, and Shenzhen International Arbitration Court only supported 20,000 yuan as compensation. (The Paper)China Construction Group signed a strategic cooperation agreement with Wuhan University. On December 13th, Wen Bing, deputy party secretary and general manager of China Construction Group, held talks with Zhang Pingwen, president of Wuhan University and academician of China Academy of Sciences, and China Construction Group signed a strategic cooperation agreement with Wuhan University. According to the cooperation agreement, the two sides will give full play to their respective advantages, establish a long-term mechanism and deepen all-round cooperation in the fields of industrial incubation, talent cultivation, scientific research transformation and engineering construction.
Strategy guide 12-14
Strategy guide