Chengtou Holdings: The subsidiary plans to invest 640 million yuan to participate in the establishment of a limited partnership and acquire the Caobao Road project. Chengtou Holdings announced on the evening of December 9 that the company's wholly-owned subsidiary, Housing Leasing Company, plans to jointly establish a limited partnership with the Shanghai State-owned Stock Assets Revitalization Private Equity Fund Partnership (Limited Partnership) (hereinafter referred to as "State-owned Inventory Fund"), with the contribution of the partnership not exceeding 800 million yuan, of which the housing leasing company is the limited partner. The partnership enterprise will take part in the acquisition of 100% equity of Shanghai Xinbanyu Real Estate Co., Ltd. (hereinafter referred to as "the target company") and the creditor's rights of shareholders' loan enjoyed by Huaxin Real Estate of the target company with its own and self-raised funds as the main body, and then invest in the rental housing property project of plot 244-19 of Tianlin Plate in Xuhui District (hereinafter referred to as "Caobao Road Project"). If the acquisition is completed, the target company will be included in the scope of the company's consolidated statements.Hua Fu Securities Interpretation of the Politburo Meeting in December: More incremental policies can be expected in the future. The Hua Fu Securities Research Report pointed out that the Politburo Meeting in December decided to implement more active and promising macro policies in economic work next year, which released major signals to the market, including: First, it proposed to implement a more active fiscal policy, which was also proposed in response to the impact of the COVID-19 epidemic in 2020. Second, it is proposed to implement a moderately loose monetary policy, which is more positive than the previous statement. Moreover, from the historical experience, the "moderately loose" monetary policy implemented in China after the last financial crisis in 2009-2010 has significantly enhanced its support for economic growth. This change in expression will send a clearer and clearer policy signal to the market. Third, it is proposed for the first time to strengthen unconventional countercyclical adjustment, and more incremental policies can be expected in the future. Fourth, after the policy adjustment, the expansion of domestic demand will be put in the first place, which highlights the importance and policy determination of expanding domestic demand next year. The follow-up consumption promotion policy may exert its efforts in many aspects, such as continuously promoting the trade-in of consumer goods, introducing incremental measures related to service consumption, and improving the support and protection of low-and middle-income people. Fifth, it is clearly proposed to stabilize the property market stock market, which will help to continuously consolidate the momentum of stabilization and recovery of the real estate market and give full play to the important functions of the capital market.According to sources, Greece will repay the first batch of rescue loans of 7.9 billion euros in advance on December 13th.
The number of trains stopped at Yizhuang Station has increased to 12 pairs since the 10th. The reporter learned from the Beijing Bureau of China Railway that the new train operation map will be implemented between Beijing and Tianjin from December 10th, and the new map has optimized the morning and evening peak train operation schemes in Beijing and Tianjin. Without affecting the transportation capacity of stations along the route, the number of trains stopping at Yizhuang Station will be increased from 6 pairs to 12 pairs, the number of trains running at tianjin railway station and Tianjin West Railway Station will be optimized, and a pair of trains stopping at Yizhuang Station and Wuqing Station will be arranged at the same time in the morning and evening rush hours, providing more convenient travel options for passengers along the route.The largest artificial intelligence supercomputing center in Hong Kong was opened, and the largest artificial intelligence supercomputing center in Hong Kong was officially put into service on the 9th, providing computing support for local universities, R&D institutions and enterprises, and helping the construction of Hong Kong International Innovation Center. Sun Dong, Director of the Innovation, Technology and Industry Bureau of the Hong Kong SAR Government, said at the opening ceremony held at the Cyberport that artificial intelligence is a key technology to develop new quality productivity and has great potential. In the face of this wave of science and technology, Hong Kong should keep pace with the times, actively deploy and seize the opportunities of artificial intelligence development. Supercomputing Center will not only provide advanced computing power to promote industrial development, but also become the cradle of cultivating talents related to artificial intelligence and inject new impetus into the high-quality development of Hong Kong's economy.253 companies have signed orders for the 16th China Air Show, and the 15th China Air Show was successfully concluded in Zhuhai on November 17th this year. In order to book the next booth as soon as possible, 253 companies have signed orders for the 16th China Air Show, with an exhibition area of over 34,000 square meters. It is reported that the 15th Air Show attracted 1022 exhibitors from 47 countries and regions, and the number of exhibitors reached a record high. The 16th China Air Show will be held in Zhuhai from November 10 to 15, 2026.
Caitong Securities: It is expected that the main objectives and tasks of economic and social development will be successfully completed throughout the year. 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. According to Chen Xing, the macro chief analyst of Caitong Securities, from the current situation, the economic operation has been generally stable this year, and the key areas of risks have also been resolved in an orderly and effective manner. The meeting has confidence in this year's economic performance, and it is expected that the main objectives and tasks of economic and social development will be successfully completed throughout the year. From the perspective of future deployment, first, the positive attitude is unprecedented. The meeting mentioned that the policy will be more active and promising, and on the basis of counter-cyclical adjustment, it emphasized that the intensity should be "extraordinary" to offset "external shocks". We will implement a more proactive fiscal policy and a moderately loose monetary policy. Second, pay more attention to the actual effect of policies, not only to strengthen the forward-looking, targeted and effective regulation at the macro level, but also to promote the effectiveness of landmark reform measures in specific measures. Third, pay more attention to systematicness, emphasize "system integration and coordination", improve the toolbox, lay a good policy "combination boxing" and stabilize expectations.Media: El Salvador will change its pioneering bitcoin practice in exchange for IMF transactions. According to media reports, two people familiar with the matter revealed that El Salvador is expected to reach an agreement with the International Monetary Fund (IMF) on a loan plan of 1.3 billion US dollars in the next two to three weeks. In exchange, El Salvador will change its pioneering practice of using bitcoin as legal tender and reduce the government deficit. A delegation of the International Monetary Fund has arrived in San Salvador to finalize the details of the agreement with the government. People familiar with the matter said that the transaction is expected to release another $1 billion in loans from the World Bank and the Inter-American Development Bank in the next few years. This loan plan must be approved by the board of directors of the International Monetary Fund, which will enable this Central American country to return to the international financial circle after several years of relative isolation. The country passed a law in June 2021, making it the first country in the world to adopt Bitcoin as legal tender. However, the International Monetary Fund opposes El Salvador's adoption of digital currency on the grounds that financial stability and integrity are at risk, and urges the government to stop accepting cryptocurrency as legal tender.Western Mining Group Co., Ltd. signed a cooperation framework agreement with Changsha Mining and Metallurgy Research Institute Co., Ltd. According to WeChat official account of Western Mining, on December 9, the group company signed a cooperation framework agreement with Changsha Mining and Metallurgy Research Institute Co., Ltd., and conducted exchanges and discussions on project experience, technical advantages and personnel technical exchanges around mining and metallurgical business cooperation.
Strategy guide
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Strategy guide 12-13
Strategy guide