Reuters survey: 27 of 31 economists believe that the Swiss National Bank will cut interest rates by 25 basis points to 0.75% in December; Four people think that they will cut interest rates by 50 basis points; Fifteen of the 28 economists believe that the Swiss National Bank will cut the policy interest rate to 0.25% or lower by the end of 2025; 13 people think it will drop to 0.50% or higher.We hope to continue to establish constructive relations with Britain.
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".Iran: It has established contact with Syrian "opposition forces". According to Reuters's report on December 9, a senior Iranian official told Reuters on September 9 that after Bashar al-Assad, Iran's main ally, was ousted, Iran has established direct communication channels with opposition forces within the new Syrian leadership to prevent a "hostile track" between the two countries. (Xinhua News Agency)A total of about 19,400 winning numbers of Lanyu shares were released, and Lanyu shares disclosed the online winning results of initial public offering. There are 19,400 winning numbers, and each winning number can only subscribe for 500 A shares of Zhejiang Lanyu Digital Technology Co., Ltd..
IDF: Unit 210 continued its defensive activities, and the first paratroopers entered Syria.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.Yan Dongwei: The State Integrated Circuit Fund and Jing Guorui plan to reduce their shares by no more than 2%. Yan Dongwei announced that more than 5% of the company's shareholders, the State Integrated Circuit Fund and Jing Guorui, plan to reduce their shares through block trading due to their own capital needs. The National Integrated Circuit Fund plans to reduce its holdings by no more than 11.991 million shares, accounting for 1% of the company's total share capital; Jingguorui plans to reduce its holdings by no more than 11.991 million shares, accounting for 1% of the company's total share capital. The reduction period is from January 2, 2025 to April 1, 2025, and the reduction price will be determined according to the market price.
Strategy guide 12-13
Strategy guide
Strategy guide
12-13