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The Central Economic Work Conference was held in Peking, and **** delivered an important speech.
The Central Economic Work Conference was held in Peking, where **** delivered an important speech, Li Qiang gave a summary speech, and ****, ****, Cai Qi, ****, and Li Xi attended the meeting.
Express News | The Central Economic Work Conference states that a moderately loose MMF policy should be implemented, with timely reductions in reserve requirements and interest rates, to maintain ample liquidity.
Express News | Central Economic Work Conference: There will be a more proactive fiscal policy, increasing the fiscal deficit ratio.
Express News | Central Economic Work Conference: Implement a more proactive macro policy, expand domestic demand, promote the integration of technological innovation and industrial innovation development, and stabilize the property and stock markets.
US stock market fluctuations | Weibo pre-market dropped over 5%. Institutions expect the company's advertising revenue may resume a declining trend.
On December 10, Glonghui reported that Weibo (WB.US) had fallen over 5% in pre-market trading to $10.03. According to a report released by Jianyin International, Weibo's third-quarter performance exceeded both the bank's and market expectations, with the biggest highlight being stable advertising revenue driven by the Paris Olympics. However, following the conclusion of the Olympics, the company's advertising revenue may resume its declining trend. Until there is more clarity on Weibo's recovery timeline, the bank conservatively predicts a 4% year-on-year decline in the company's fourth-quarter revenue, with no growth projected for next year. The bank has raised Weibo's earnings forecast for this year by 4% to reflect the better-than-expected third-quarter performance, but forecasts for 2025.
Hua Chuang Securities interprets the December Politburo meeting: five unexpected points.
① The first expectation exceeded - the economic development goals for the entire year of 2024 will be achieved. ② The second expectation exceeded - stabilizing the stock market and real estate market. ③ The third expectation exceeded - the monetary policy is set to undergo a significant change over the next decade. ④ The fourth expectation exceeded - strengthening "extraordinary" counter-cyclical adjustments. ⑤ The fifth expectation exceeded - expanding domestic demand ranking is advanced, and the保障民生保障 is intensified.