CF40 Research: Three Channels to Expand Domestic Demand. An article published by Guan Wei of China Financial Forty Forum (CF40) pointed out that the expansion of total demand, whether it is to expand consumption or investment demand, should be implemented on credit growth. When credit goes up, residents, enterprises and governments have more money in their pockets, so do expenditures and incomes, as well as profits and investments. At present, there are three main ways to expand credit: first, fiscal policy is exerted and the government borrows money; Second, the monetary policy will exert its strength and reduce the policy interest rate; The third is to stabilize the real estate market, and there can be no further sharp decline. In terms of finance, maintain the intensity of fiscal expenditure in a broad sense, and moderately increase the fiscal deficit to 4% in 2025. In terms of monetary policy, we should take reducing the real interest rate as an important goal, continue to implement "strong interest rate reduction", and timely reduce the interest rate of structural monetary policy tools below the policy interest rate level. In terms of the property market, it will ease the current cash flow pressure faced by real estate enterprises and promote the real estate to stop falling and stabilize from both ends of supply and demand.Shenzhen Holdings: Auditor replacement: PricewaterhouseCoopers resigned and Ernst & Young took over. On December 10th, Shenzhen Holdings (00604.HK) announced that according to Rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, PricewaterhouseCoopers agreed to resign as the auditor of Shenzhen Holdings with effect from December 10th, 2024. At the same time, the board of directors of Shenzhen Holdings decided to appoint Ernst & Young as the new auditor of the company, which will also take effect from December 10, 2024 until the end of the next annual general meeting.Zhou Liwei has served as the Standing Committee of Shandong Provincial Party Committee and Minister of Organization Department. According to the website of Shandong Provincial Commission for Discipline Inspection and Supervision, on December 11th, the 12th Anti-corruption Coordination Group of the Provincial Party Committee held its fourth meeting to convey the spirit of studying the anti-corruption work of the CPC Central Committee, comprehensively summarize the anti-corruption work in Shandong Province, and study and deploy key tasks. Xia Hongmin, member of the Standing Committee of the Provincial Party Committee, secretary of the Provincial Discipline Inspection Commission, director of the Provincial Supervision Commission and leader of the provincial anti-corruption coordination group, presided over the meeting and delivered a speech. Zhou Liwei, member of the Standing Committee of the Provincial Party Committee, director of the Organization Department and deputy head of the provincial anti-corruption coordination group, Li Wei, deputy governor and director of the provincial public security department, Huo Min, president of the provincial court, Gu Xuefei, chief procurator of the provincial procuratorate, Lei Yun, deputy secretary of the provincial discipline inspection commission and deputy director of the provincial supervision commission, and other members of the provincial anti-corruption coordination group attended the meeting. This shows that Zhou Liwei has served as the Standing Committee of Shandong Provincial Party Committee and Minister of Organization Department.
Trump appointed TOM BARRACK as the US ambassador to Turkey.Ukraine said that the death toll from Russian attack on Zaporoge rose to seven. Ivan Fedoroff, head of military and political affairs in Zaporoge, Ukraine, said on the 11th that the Russian attack on Zaporoge on the 10th had caused seven deaths. (CCTV News)Officials said that fighting broke out between the forces of Jubaland and the federal government in Somalia.
During the year, there were 461 new indices, and the index investment fever continued to climb. On December 10th, in order to meet the investment demand of diversified indices, CSI Index Co., Ltd. officially released five new indices, including CSI 1000 Growth Index, CSI 1000 Value Index, CSI 2000 Growth Index, CSI 2000 Value Index and CSI 1000 Quality Balance Strategy Index. With the "listing" of the above five indexes, the number of newly-issued indexes reached 461 during the year, covering categories such as strategy, style, scale, industry, theme and other fixed-income indexes; Related index asset classes include stocks, fixed income, funds and futures. At the same time, the secondary market, this year, the heat of indexed investment is also high. Looking forward to the future, with the continuous vigorous growth of market demand and unabated heat, and the precise guidance and strong support from the supervisory level, the indexed investment ecology will become more and more perfect. (Securities Daily)After the strike ended, the delivery of Boeing aircraft dropped to 13 in November. On Tuesday, Boeing reported that it delivered 13 commercial jets in November, less than a quarter of the 56 jets delivered to customers 12 months ago. The number of deliveries in October decreased from 14 in October, when most of the company's aircraft production was still in a state of suspension, and 33,000 factory workers went on strike for seven weeks, which ended on November 5. Boeing shares closed up 4.5% on Tuesday. The aircraft manufacturer said that after weeks of methodical preparations, the company restarted the production of the 737 MAX and loaded the new fuselage into the Renton factory in Seattle.Hengrui Pharma: HRS-4729 injection was approved for clinical trial. Hengrui Pharma announced that the company and its subsidiary Fujian Sheng Di Pharmaceutical Co., Ltd. received the Notice of Approval for Clinical Trial of HRS-4729 injection approved and issued by National Medical Products Administration. The drug is a polypeptide drug independently developed, and it is a GLP-1R/GIPR/GCGR triple agonist, which is suitable for obese or overweight patients. Up to now, HRS-4729 injection has invested about 19.56 million yuan in research and development.