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2024-12-13 04:05:22

Market News: The South Korean Parliament approved the government budget of 673.3 trillion won in 2025 (the government proposal is 677.4 trillion won).The South Korean police demanded that 11 people, including Premier Han Dezhu, be investigated. On December 10th, local time, the special investigation team of the National Investigation Headquarters of the South Korean Police Department, which is responsible for investigating the emergency martial law, said that 11 people, including State Councilor Han Dezhu and Zhao Taiyong, president of the National Intelligence Agency, had been asked to investigate. (CCTV News)The Nikkei 225 index closed at 39,197.42 points in early trading, up 0.09%.


The Nikkei 225 index closed at 39,197.42 points in early trading, up 0.09%.China's trade account in November was 97.44 billion yuan in US dollars, with an expected 93.5 billion yuan and a previous value of 95.72 billion yuan.Liang Zhonghua of Haitong Securities: The general direction of "positive" macro policy in 2025 has been determined, and 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. Liang Zhonghua, chief macro analyst of Haitong Securities, said that judging from the statement of the meeting, the general direction of "positive" macro policy in 2025 is certain. Among them, "supernormal countercyclical adjustment" was put forward for the first time. Liang Zhonghua analyzed that "supernormal adjustment" may be different from QE (quantitative easing) in western countries, but refers to a traditional tool that has grown steadily in the past few years, making a breakthrough on the margin and playing the role of "keeping innovation" and "enriching and perfecting the policy toolbox". Judging from the policies that have been issued since September, this round of steady growth is a steady growth under the framework of "high quality". The high-quality framework will not change, and there will be no strong stimulation of flood irrigation. The meeting proposed to "implement a more active fiscal policy and a moderately loose monetary policy". Liang Zhonghua believes that next year's finance is expected to make further marginal efforts. It is expected that deficit ratio may improve. At present, 3.5%-4.0% is more likely, and the scale of special bonds may be marginally increased. Special government bonds supporting "duality" and "two innovations" will continue to be issued or increased. In addition, the debt-melting policy launched in November will also be the financial focus next year, and it is expected that special government bonds may be issued to supplement bank capital. In addition, the gradual interest rate cut will continue next year, and the structural monetary policy will continue to exert its strength. The meeting stressed that "it is necessary to vigorously boost consumption, improve investment efficiency, and expand domestic demand in all directions." In this regard, Liang Zhonghua believes that compared with Politburo meeting of the Chinese Communist Party's statement of "expanding domestic demand with the focus on boosting consumption" in July, this meeting pays more attention to expanding domestic demand, and its support is expected to be further increased in the future. Since the beginning of this year, with the extra-long special national debt funds in place, the consumption of consumer goods trade-in policy has gradually emerged. There is still room for further efforts to expand domestic demand policies such as replacing old consumer goods with new ones next year. Liang Zhonghua also mentioned that this meeting clearly put forward "stabilizing the property market and stock market", which shows that the policy pays high attention to the property market and stock market. As an important signal to pay attention to the economy and expectations, the policies of the property market and stock market are also positive.


China's trade account in November was 692.8 billion yuan, with the previous value of 679.1 billion yuan.When the individual pension system is fully liberalized, it is expected that Y share will be added. It is learned from multiple channels that the individual pension system will be implemented nationwide after the third anniversary of the pilot project in 36 cities, and the relevant deployment is already in full swing, and the pension products are also expected to expand. According to the industry, in terms of Public Offering of Fund products, broad-based index funds and ETF-linked funds such as Shanghai and Shenzhen 300 Index, CSI 500 Index, CSI A500 Index and GEM Index are expected to be included, and Y shares will be added to meet the allocation needs of investors. (Cailian)Tianjin launched the "Free Student Aid Program"? The Municipal Education Commission denied the rumor: False. On December 9th, a message signed by Tianjin Education Commission was spread on the Internet, which mentioned such related information as "launching the free student aid program", "starting the free teaching link", "distributing online quality courses" and "parents click on the link to get information according to students' grades". Verified by Tianjin Education Commission, this information was not sent by Tianjin Education Commission, and the relevant information is not true. Please don't believe it or click on the link in the information to avoid being deceived.

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