Ye Fan, Southwest Securities: In 2025, the upward trend of domestic economy will continue, and it is estimated that the annual RRR will be lowered by about 100bp. The Central Economic Work Conference will be held in Beijing from December 11th to 12th. Ye Fan, chief economist of Southwest Securities, said that in 2025, the domestic economy will continue to stabilize and upward under the policy. From the structural point of view, infrastructure and manufacturing investment are expected to remain the main support items for domestic investment next year, and the decline in real estate investment will gradually narrow; Domestic demand is expected to play a stronger role in stimulating the economy than external demand, and domestic residents' consumption is expected to continue to pick up under the policy. Regarding the direction of fiscal and monetary policies, Ye Fan predicted that the issuance scale of ultra-long-term special government bonds will be around 1.5 trillion -2 trillion yuan in 2025, and it will continue to support the "dual" areas. In the first half of next year or the peak of government bond issuance, there may be a RRR cut for hedging. It is estimated that the RRR cut will be about 100bp for the whole year, and the interest rate cut will be decided by camera. The interest rate cut of 25bp-40bp may be promoted step by step.Sumitomo Rubber said that the price of domestic commercial tires and related products increased on April 1, 2025. Sumitomo Rubber raised the price of Japanese tires by 6-8% on average.South Korean police: A compulsory investigation of Yin Xiyue is being considered. The South Korean police said on the 13th that they are discussing a compulsory investigation of President Yin Xiyue and considering a seizure and search of his communication records and presidential residence. The special investigation team of the National Investigation Headquarters under the South Korean Police Agency held a press conference on the same day, saying that the plan to detain and search the presidential residence in Hannandong, Longshan District, Seoul is in the "discussion stage". The police are considering seizing and searching Yin Xiyue's communication records. (Xinhua News Agency)
South Korea's KOSPI index erased all the declines since the martial law storm.The customer service said that the technical department was working hard to find out the reason. Today, many netizens reported that there was a problem with the Lingke App, such as "the network was disconnected", "the App was out of position" and "the App should be repaired quickly". Many netizens left a message under the official website of Lingke Auto. Linke customer service said that at present, the technical department is working hard to investigate the reasons, and it is recommended that you use the remote control key or NFC key to drive the vehicle in the near future. Some netizens ridiculed that it was not a broken pole, and it was broken into a collar. Recently, Geely's shareholding has experienced a business crisis, and Link is also a brand of Geely. (Sina Technology)Wang Tao of UBS: It is estimated that deficit ratio will approach 4% of its financial resources or increase its investment in social security medical care next year. Wang Tao, head of Asian economic research and chief China economist of UBS, said that China's fiscal deficit ratio is expected to approach 4% next year, and the scale of ultra-long-term special government bonds excluding capital injection into state-owned banks may be 2 trillion yuan, and the amount of new local government special bonds may be 4.5 trillion to 5 trillion yuan. In fact, the fiscal expansion next year is relatively mild compared with the fiscal stimulus in 2008-2009. Wang Tao believes that next year, the government will increase investment in social security and medical care, and establish a more perfect social security system while boosting residents' confidence in the short term.
According to sources, Trump will meet with the widow of former Japanese Prime Minister Shinzo Abe on Sunday.India's NIFTY50 index fell 1% to 24,301.30 points, and India's SENSEX index fell 1% to 80,476.70 points.Turkish regulators blocked access to dozens of cryptocurrency exchanges, and the Turkish Capital Markets Board listed websites that allegedly provided unauthorized cryptoasset services to Turkish customers.
Strategy guide
Strategy guide 12-14
Strategy guide
12-14
Strategy guide 12-14