The list of members of the Sixth Executive Council of the Macao Special Administrative Region was announced. According to the relevant provisions of the Basic Law of the Macao Special Administrative Region, the sixth Chief Executive of the Macao Special Administrative Region has completed the preparatory work for the members of the Sixth Executive Council of the Macao Special Administrative Region. Eleven people have accepted the invitation to serve as members of the Executive Council: Zhang Yongchun, Ou Anli, Chen Zewu, Ma Zhiyi, Chen Jialiang, Ye Zhaojia, Liu Yiliang, Liang Weifeng, Song Biqi, Tang Jizong and Yu Chengbin. The relevant executive order will be announced on December 20, and 11 members of the Executive Council will be sworn in on the same day. The Executive Council is an organization that assists the Chief Executive in making decisions. The sixth Chief Executive, Cen Haohui, is convinced that all the appointed members can support and implement the Basic Law of the Macao Special Administrative Region of the People's Republic of China, be loyal to the People's Republic of China (PRC) Special Administrative Region, be devoted to their duties, be honest and perform their duties, safeguard national sovereignty, security and development interests, accurately implement the principle of "one country, two systems" and ensure the stability and far-reaching implementation of "one country, two systems" in Macao.Huatai Securities: The countercyclical adjustment is stronger than expected, and the expansion of domestic demand may fall on the policy of boosting consumption. Huatai Securities believes that the macro-policy orientation conveyed by the Central Economic Work Conference is more positive, in fiscal policy (expanding deficit, increasing special national debt, expanding the use scope of special debt, etc.), monetary policy (moderately easing, timely lowering the RRR and cutting interest rates), real estate and capital market (stabilizing the property market and stock market), and expanding domestic demand policy (implementing special actions to boost consumption) In terms of currency securities, Huatai Securities believes that there is still room for interest rate cuts. On the one hand, the current real interest rate level is still high in horizontal comparison; On the other hand, credit expansion, especially the balance sheet expansion of developers and local governments, is relatively weak, and the cost of capital has room for further decline. It is expected that the central bank will cut interest rates by 30-50 basis points next year, but the pace may be affected by external changes and exchange rates.According to CITIC Securities, it is necessary for deficit ratio to rise to nearly 4%, and mortgage interest rates is expected to fall further. According to Yicai, the Central Economic Work Conference was held in Beijing on December 11th and 12th. Regarding what it means to change the tone of fiscal policy from "positive" to "more positive", the chief economist of CITIC Securities clearly said that I think it means that the whole fiscal policy will be further expanded next year. First of all, from the perspective of deficit ratio, our deficit ratio is 3% this year and 3% at the beginning of last year. However, we had a special budget adjustment at the end of last year, so the deficit ratio from the end of last year to the end of last year was actually 3.8%. Looking forward to next year, we think that the ratio that may be close to 4% should be the effect that everyone expects to achieve at present. In terms of monetary policy, we can see a series of monetary policies, including further relaxing some restrictions on purchase restriction and loan restriction, including the down payment ratio, and a particularly important one is to reduce the mortgage interest rates. I think these monetary policies will be further promoted in the future, and even further declined in mortgage interest rates, for example.
Bai Zhongen: Under special circumstances, short-term breakthrough in deficit and debt may help solve long-term problems. Bai Zhongen, president of Tsinghua University Institute of Economics and Management and vice chairman of the All-China Federation of Industry and Commerce, said that in the understanding and implementation of policies, there are sometimes some stereotypes, which make us bound by these stereotypes. Breaking these constraints is very important for our policy understanding and policy implementation. The first mindset is that it will bring moral hazard if the central government helps local governments pay their debts. The second mindset, in the past, some people insisted that the deficit should not exceed a certain proportion and the debt should not exceed a certain proportion. He bluntly said that the upper limit of debt and deficit also depends on short-term and long-term. In the long run, we can't have too many deficits and too many debts. Therefore, when we encounter special circumstances in the short term, we should allow the deficit and debt to exceed a certain ratio.South Korean police said on the 13th that they were considering detaining and searching the correspondence records of President Yin Xiyue and the presidential residence. (Xinhua News Agency)The strength of the policy is in line with expectations. The New Year's market may have started, and the Shanghai and Shenzhen 300ETF South (159925) can be used as a key layout. On December 13th, as of midday, the Shanghai and Shenzhen 300ETF South (159925) fell by 2%, with a turnover of 115 million yuan. The constituent stocks are mixed, and in terms of rising, Yangtze Power leads the rise; In terms of decline, Zijin Mining led the decline. In the news, from December 11th to 12th, the Central Economic Work Conference was held in Beijing, which made a systematic plan for next year's economic work. Regarding the highlights of the meeting, CITIC Jiantou said that the meeting of the Central Economic Work Conference continued the main tone of the Politburo meeting on Monday, and made systematic arrangements for economic work next year. Next year's policy will focus on expanding domestic demand and AI+ in an all-round way, and the policy strength and direction are in line with our expectations. With the support of policy expectation and liquidity, the current new year's market has been launched, and it is expected that the market will continue to show the characteristics of shock upward. Focus on industries: non-bank finance, real estate chain, consumer electronics, machinery, construction, building materials, steel, social services, catering chain, etc. Topics of concern: duality and innovation, supply-side optimization, new quality productivity, market value management of state-owned enterprises. You can use the Shanghai and Shenzhen 300ETF South (159925) to lay out the core assets with one click.
On the 13th, local time, the South Korean prosecutor summoned Guo Zhonggen, the commander of the special operations before the investigation.Yu Donglai said that the goal of Pangdonglai is to be a model for enterprises. On December 13th, Yu Donglai issued a document on the nature and goal of Pangdonglai: the nature of Pangdonglai is to train employees to have a sound personality and the ability to live a happy life like a school! Pang Donglai's goal in enterprise is to be a model of enterprise, so that enterprises can learn, share and spread scientific ideas and methods, achieve more healthy development of enterprises, and make bosses and employees healthy and beautiful! Let the country and society be better, instead of doing business by yourself, I hope everyone understands!Want Want Group solemnly declared that on December 13th, @ Wangzai Club issued a solemn statement: Recently, someone pretended to be Want Want to publish false activities, so everyone must be vigilant!
Strategy guide 12-14
Strategy guide
12-14
Strategy guide
12-14
Strategy guide 12-14