Xinhua Commentary: China's monetary policy has changed from "prudent" to "moderately loose" to send a positive signal. The commentary published by Xinhua News Agency on the 10th pointed out that the the Political Bureau of the Communist Party of China (CPC) Central Committee Conference held on the 9th analyzed and studied the economic work in 2025, in which the expression of monetary policy attracted people's attention. After a lapse of more than 10 years, the change of monetary policy orientation to "moderately loose" once again reflects the supportive monetary policy stance and sends a positive signal, which will strongly boost the confidence of all parties and help China's economy recover. The change of monetary policy is always closely related to a country's macroeconomic situation. This time, Politburo meeting of the Chinese Communist Party made it clear that the monetary policy will be "moderately loose" next year, not only because of the analysis and judgment of the current economic situation, but also because of the planning and consideration of the economic work next year. The timely adjustment of "loose is loose, tight is tight" will create a good monetary and financial environment for stable economic growth and high-quality development next year. From "steady" to "moderately loose", the change is the tightness of monetary policy, which is directly related to the blood of funds in the real economy. "Moderately loose" monetary policy means a reasonable money supply, a low interest rate and a relatively loose monetary and credit environment, which is conducive to further increasing financial support for key areas and weak links, guiding more funds to invest in scientific and technological innovation, people's livelihood consumption and other fields, promoting consumption and expanding investment, and better stimulating the endogenous motivation and innovation vitality of the whole society. From "steady" to "moderately loose", what remains unchanged is the supportive monetary policy stance. Since the beginning of this year, monetary policy has increased countercyclical adjustment in a timely manner. Although the tone of this year's monetary policy is "stable", on the whole, the monetary policy is flexible and moderate in implementation, and the market generally feels that China's monetary policy is in a stable and slightly loose state. The "moderately loose" monetary policy orientation next year can better reflect the "supportive" monetary policy stance. The combination of the two will further maintain a reasonable and sufficient liquidity, reduce the comprehensive financing cost of enterprises and residents, and provide financial support for the sustained economic recovery. At present, the expected change has become an important factor affecting the economic operation, and it is helpful to guide the expectation to make clear the monetary policy orientation next year in time. Externally, the international environment will become more complicated and severe next year; Internally, China's development faces many uncertainties and challenges. At this point, clarifying the monetary policy for next year, responding to market concerns, and releasing a clear signal will help promote China's sustained economic recovery. (Xinhua News Agency)Jinzhi Technology: China Southern Power Grid Project won the bid of 26,312,900 yuan. Jinzhi Technology announced that the company recently won the bid for the "Accurate Location Device for Transmission Line Faults" project in Hainan, Guizhou Province in the second batch of frame bidding for digital substations, digital transmission and intelligent distribution series sensing terminals and Beidou terminals of China Southern Power Grid Corporation in 2024, with the winning bid amount of 26,312,900 yuan. The counterparty is China Southern Power Grid Co., Ltd., and there is no relationship between the two parties. The winning bid will have a positive impact on the company's operating performance. At present, the bid-winning notice of the project has been issued, but the contract has not yet been signed.Donghai securities: The domestic sales of excavators increased, and the domestic brand bamua exhibited its elegant demeanour. The donghai securities Research Report pointed out that the total sales of excavators increased. Domestically, the domestic sales of excavators in November 2024 increased by 20.5% year-on-year, and the growth continued, which was better than expected by CME. Overseas, in November 2024, excavator exports increased by 15.2% year-on-year, and the monthly sales growth rate of exports expanded. With the large-scale equipment renewal policy and real estate financial policy landing one after another, domestic demand gradually recovered and warmed up; Overseas, domestic enterprises are laying out overseas pre-sales and after-sales networks, establishing overseas local production capacity, entering an accelerated period of globalization, gradually increasing market penetration and effectively smoothing domestic and international cycles. It is suggested to pay attention to overseas leading enterprises of machinery and equipment with deep layout, high brand recognition, perfect product matrix, high cost efficiency and strong R&D strength, such as Sany Heavy Industry, Xugong Machinery and Zoomlion.
Swiss Re: It is estimated that the global real GDP growth rate will reach 2.7% in 2026. Swiss Re released the latest sigma report, and the world economy is expected to maintain steady growth in the next two years, but the downside risks will rise. It is estimated that the global real GDP growth rate will reach 2.8% and 2.7% in 2025 and 2026, which is basically the same as that in 2024.The General Department of National Medical Products Administration publicly solicited opinions on the Guiding Principles for the Classification and Definition of Medical Device Products Using Nanomaterials (Draft for Comment). In order to guide the determination of management attributes and management categories of medical device products using nanomaterials, National Medical Products Administration organized and drafted the Guiding Principles for the Classification and Definition of Medical Device Products Using Nanomaterials (Draft for Comment), which is now open to the public for comments.Details of the arrest of the person involved in the killing of the CEO of the insurance giant in new york surfaced: Luigi Mangione, who was regarded by the new york police as the person involved in the murder of Brian Thompson, an executive of UnitedHealth Group Inc, was arrested in Pennsylvania on Monday, and now he is accused of possessing illegal firearms and using false identification. According to the criminal indictment issued by the Pennsylvania court system on Monday night, Mangione, 26, made her first appearance in the court in Hollidaysburg. He was charged with five counts, including forgery, holding a gun without a license and showing false documents to law enforcement agencies. Mangione was detained by the police after being recognized and reported by employees in a McDonald's restaurant in Altoona that morning. The police officer asked him to show his identity, and Mangione took out a New Jersey driver's license named "Mark Rosario" and the date of birth was July 1998. The police officer then asked him if he had been to new york recently. "The man fell silent and began to tremble," the indictment said. When more police arrived at the scene, Mangione was told that he was under investigation and would be arrested if he lied about his identity. He later said that his name was Luigi Mangione and that he was born in May 1998. A police officer asked Mangione why he lied, and he replied, "I obviously shouldn't." The police arrested him on charges of forgery and providing false information to law enforcement agencies. He was handcuffed, searched and taken back to the police station. A black pistol and a silencer were found in his backpack, both of which were made of 3D printers. This pistol has a metal sleeve, a metal threaded barrel and a plastic handle, and a Glock magazine with six 9mm bullets. A dropped bullet was also found in the defendant's backpack.
Guojin Securities: In 2025, we are optimistic about Apple's industrial chain and can independently control and benefit from the industrial chain. Guojin Securities Research Report pointed out that the AI big model has brought new development opportunities to consumer electronics and IOT hardware, and it is expected to continue to drive hardware innovation, improve the value of the industrial chain and accelerate the replacement cycle. The trend of Apple's hardware innovation and growth is gradually clear. In 2025, IPhone17 is expected to usher in great innovation in hardware and end-side AI. In 2026, Apple is expected to launch folding mobile phones/iPads and smart glasses. AI smart glasses are in full bloom and are expected to usher in explosive growth. Self-control of semiconductors is the general trend, and we are optimistic about semiconductor equipment parts, materials and domestic computing power industry chain. In 2025, we are optimistic about Apple's industrial chain, AI glasses, AI-driven and self-controllable benefit industrial chain.President of China Investment Promotion Association: The digital service and service outsourcing industry will usher in rapid development. The 13th China International Service Outsourcing Fair (hereinafter referred to as Service Expo) was held in Wuhan on the 10th. Ma Xiuhong, president of China Council for the Promotion of International Investment, said at the meeting that with the accelerated innovation of artificial intelligence, big data, cloud services and other technologies, the scale of China's digital economy has greatly increased, and the digital service and service outsourcing industry will usher in a new stage of rapid development.Guangdong: fully implement the source substitution of raw and auxiliary materials with low (no) VOCs content. The Guangdong Provincial People's Government issued an action plan for continuous improvement of air quality in Guangdong Province, and fully implement the source substitution of raw and auxiliary materials with low (no) VOCs content. Fully promote the use of raw and auxiliary materials with low (no) VOCs content, implement source substitution projects, increase the substitution of raw and auxiliary materials with low (no) VOCs content in industrial painting, packaging and printing and electronics industries, and increase the protection of outdoor structures and the promotion and use of low (no) VOCs content coatings for urban road traffic signs.
Strategy guide
12-13
Strategy guide 12-13