Express News | The Ministry of Finance announced that next year it will implement a more proactive fiscal policy, ensuring that fiscal policy is continuously strengthened and more effective.
The Securities Regulatory Commission: Firmly implement the important requirement of "stabilizing the real estate and stock markets" and focus on promoting the entry of medium and long-term funds into the market.
On December 14, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, presided over a meeting of the Party Committee (expanded) to convey and study the spirit of the Central Economic Work Conference, and in conjunction with the requirements of the national financial system work meeting, researched and deployed the implementation work of the CSRC system.
Bank of America: Investors poured into China Stocks in the past week, with the amount of funds raised reaching a nine-week high.
Considering that investors have made large-scale bets on the strength of the dollar and rising US bond yields, Hartnett warns of the risk of "overshooting" at the beginning of next year. He believes that, as inflation continues to force the Fed to take a more hawkish stance, Bonds, Gold, and international Stocks will become attractive Assets. Hartnett thinks that the first quarter of next year is the entry point for non-USA Stocks.
Express News | Director Wang Xin of the Central Bank Research Bureau: There will be timely reductions in reserve requirements and interest rates, and an increase in the intensity of MMF.
This week's Hong Kong stock bull | The "first domestic makeup stock" in Hong Kong! Mao Ge Ping soared over 86% in its first week of listing; Consumer encouragement policies are expected to continue to strengthen, and Lao Pu Gold has increased by over 20%.
This week, the Hang Seng Index increased by 0.53%, closing at 19,971.24 points; during the same period, the Hang Seng TECH Index rose by 0.33%, closing at 4,479.6 points; the Hang Seng China Enterprises Index increased by 0.7%, closing at 7,186.59 points.
The latest statement from the Central Financial Office: This year's GDP in China is expected to grow by around 5%; the new wording of policies has significant implications, and specific plans will be showcased at the national two sessions.
Today (14th), at the 2024-2025 China Economic Annual Conference held at the China International Economic Exchange Center, Han Wenxiu, Deputy Director of the Office of the Central Financial and Economic Committee responsible for daily operations and Director of the Office of the Central Rural Work Leading Group, stated that China's GDP is expected to grow by about 5% this year.
Express News | Han Wenxiu: Making domestic demand the main driving force for economic growth and a stabilizing anchor.
Express News | Deputy Director of the Central Finance Office Han Wenxiu: The new policy terminology has high value, and specific plans will be unveiled at the National Two Sessions.
Express News | Han Wenxiu, Deputy Director of the Central Financial Office: This year, China's gross domestic product is expected to grow by about 5%.
The Hang Seng Index night futures closed (12.14) | The Hang Seng Index night futures (December) reported 19,965 points, 6 points below.
As of December 14, the Hang Seng Index night futures (December) closed at 19,965 points, down 57 points or 0.285%, with a low of 6 points.
Analysis of the financial data for November: What changes occurred in the Crediting and Capital Trend?
The total financial volume has grown steadily, and liquidity is reasonably ample, providing strong support to the real economy. According to Wen Bin, chief economist of MINSHENG BANK, the year-on-year growth rate of narrow money (M1) in November rebounded compared to last month, and the "scissors difference" between M2 and M1 continues to narrow, reflecting a positive trend in the economy.
Express News | The United States and China renewed the scientific and technological cooperation agreement between the two governments.
The central bank has released the latest announcement! The financial data for November is out, with China's new social financing in November amounting to 2.34 trillion yuan.
The data on November Crediting and social financing released by the People's Bank of China (hereinafter referred to as "the central bank") on December 13 shows that, under the continuous and effective implementation of a series of incremental policies, the financing demand of the real economy continued to show a marginal improvement trend in November.
Express News | The central bank: In the first eleven months, RMB loans increased by 17.1 trillion yuan.
Express News | The central bank: At the end of November, the broad money supply (M2) balance was 311.96 trillion yuan, an increase of 7.1% year-on-year.
Express News | The central bank: The cumulative increase in the scale of social financing for the first eleven months of 2024 is 29.4 trillion yuan, which is 4.24 trillion yuan less than the same period last year.
Hang Seng Index Rises 0.53% This Week to 19971.24 -- Data Talk
Express News | He Lifeng: It is necessary to effectively and orderly prevent and resolve financial risks in key areas and external shocks, promoting stable and healthy development in Capital Markets and other fields.
Express News | The director of the Monetary Policy Department of the central bank, Zou Lan, stated that the appropriately relaxed monetary policy orientation has enhanced the response capacity and flexibility of monetary policy.
Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen
Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;