The Iraqi Foreign Minister talked with the French Foreign Minister to discuss the situation in Syria and combat extremism. On December 11th, local time, Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein talked with French Foreign Minister Barrow. During the call, the two sides agreed that the extremist organization "Islamic State" should be prevented from rebuilding its power. At the same time, the two countries should continue to carry out joint anti-terrorism operations in Syria and Iraq and continue to maintain cooperation in strengthening regional security and stability. The two foreign ministers discussed the security, military and political situation in Syria, and discussed the impact of the Syrian situation on Iraq and the region. The two sides stressed the need to promote the comprehensive political settlement of the Syrian issue led by the United Nations, ensure the full participation of all ethnic groups in Syria and safeguard their rights. The two sides agreed that in addition to communication with relevant countries and Syria's neighbors (including Turkey, Jordan, Lebanon and other Arab countries), Iraq and France should also continue bilateral coordination.The pumped storage capacity of State Grid in operation exceeds 40 million kilowatts. Today (12th), with the full commissioning of Zhen 'an Pumped Storage Power Station in Shaanxi Province, the installed capacity of pumped storage in operation of State Grid Corporation exceeded 40 million kilowatts, accounting for about 70% of the pumped storage power stations in operation in China. After 15 days of trial operation, Unit 4 of Shaanxi Zhen 'an Pumped Storage Power Station was successfully put into operation today, marking the full commissioning of the pumped storage power station.Sunac China's domestic debt restructuring has entered a critical stage. "Sunac China has a large number of domestic creditors and a complex structure. Within seven working days, two domestic debt restructurings were approved, reflecting the creditors' recognition of the plan. " People close to Sunac China said. "The biggest feature of Sunac China's restructuring plan is that creditors can choose a variety of restructuring methods, and creditors can choose the appropriate method according to their own capital characteristics." Liu Shui, director of enterprise research at the China Central Finger Research Institute, said that the scheme can reduce the debt scale, greatly extend the debt repayment period, help to repair the company's balance sheet and create conditions for the improvement of the company's operating fundamentals. It is understood that Sunac China is one of the first real estate enterprises in the industry to propose an overall solution to domestic debt. Before that, the industry had experienced a series of debt-conversion explorations such as debt extension, debt restructuring, reverse mixed reform and bankruptcy restructuring, among which debt extension was the first choice for most real estate enterprises to convert debt. (Securities Daily)
Front page of China Securities Journal: Give better play to the role of "stabilizer". The reform of the investment side of the capital market has been solidly promoted. The front page of China Securities Journal stated that efforts should be made to break through the blocking points of social security, insurance, wealth management and other funds entering the market, steadily promote the reform of industry rates in Public Offering of Fund, and vigorously develop equity funds, especially indexed investment ... Recently, the reform of the investment side has been accelerated, helping to improve the function of the capital market in which investment and financing are coordinated. Market participants expect that in the next stage, around the key directions such as guiding "long money" to enter the market, enriching the product system, and promoting the development of indexed investment, the reform of the investment side will continue to be solidly promoted, and more new measures are expected to be researched and introduced, which will introduce more incremental funds to the market and better play its role as a "stabilizer" of the market. The market expects that the acceleration of investment-side reform will significantly increase the scale and proportion of medium and long-term capital investment, promote the long-term investment behavior and enhance the inherent stability of the capital market.Economic Daily: "Stabilizing the stock market" strongly guides the stabilization of expectations. The Economic Daily article said that the key to stabilizing the stock market is to stabilize confidence. Recently, the stock market has been active in trading, and investors' confidence in the economic improvement and corporate profits has improved. All parties look forward to leveraging the stock market as the entry point to further stabilize the economy and steady growth. This expectation can only form a continuous positive feedback if it is mutually reinforced with the positive signals on the economic side. In the future, it is necessary to continue to improve the forward-looking, targeted and effective macro-control, urge all localities and departments to implement the defined policies and measures as soon as possible, solidly promote the economic upward, structural improvement and sustained development, and promote confidence boost and a virtuous circle and spiral rise in economic fundamentals.The rate of return of the money fund has reached a record low. Since December, the rate of return of the money fund has continued to decline. The annualized rate of return of Tianhong Yubao Money Fund, the largest, fell below 1.27% on the 7th, hitting a record low. According to industry insiders, the recently released "Self-discipline Initiative on Optimizing the Self-discipline Management of Non-bank Interbank Deposit Interest Rate" has a great impact on the Monetary Fund, and the superimposed interest rate is at a low level, and the yield of the Monetary Fund may continue to decline. As the income decreases, funds will look for new directions for allocation. (SSE)
Market News: Most members of the US House of Representatives support the $895 billion national defense policy bill, and voting continues.Economic Daily: "Stabilizing the stock market" strongly guides stabilizing expectations. The article said that the key to stabilizing the stock market is to stabilize confidence. Recently, the stock market has been active in trading, and investors' confidence in the economic improvement and corporate profits has improved. All parties look forward to leveraging the stock market as the entry point to further stabilize the economy and steady growth. This expectation can only form a continuous positive feedback if it is mutually reinforced with the positive signals on the economic side. In the future, it is necessary to continue to improve the forward-looking, targeted and effective macro-control, urge all localities and departments to implement the defined policies and measures as soon as possible, solidly promote the economic upward, structural improvement and sustained development, and promote confidence boost and a virtuous circle and spiral rise in economic fundamentals.CICC: The CPI of the United States rose as scheduled in November, but it did not hinder the interest rate cut. CICC released a research report saying that the CPI and core CPI of the United States both rose to 0.31% in November, which was basically in line with the market and its expectations. For the post-election policies, if the immigration and tariff policies are too radical, it will bring pressure to inflation at the end of next year, which will have an impact on the market and even the mid-term elections. Therefore, before the mid-term elections, due to the "realistic constraints" of inflation, the inflation policy will be faster, but the scope may be limited, while the growth policy will be faster, and then the overall assets will still be positive. According to the difference between the natural interest rate and the real interest rate, CICC estimates that after the interest rate cut in December, there may still be two or three interest rate cuts in 2025, with the end point of interest rate cut at 3.5-3.75% and the center corresponding to long-term US debt at 3.8-4%.
Strategy guide 12-14
Strategy guide
12-14
Strategy guide
12-14
Strategy guide 12-14
Strategy guide
12-14