The tourism and hotel sectors fluctuated actively, with the daily limit of Tongqinglou, Xi 'an Restaurant and BTG Hotel, and Jinjiang Hotel, Tianmu Lake, Xi 'an Tourism and Quanjude rising.General Administration of Customs: China's imports of iron ore, coal and natural gas increased in the first 11 months. According to customs statistics, in the first 11 months of 2024, China imported 1.124 billion tons of iron ore, up 4.3%, and the average import price (the same below) was 768 yuan per ton, down 3.9%; 506 million tons of crude oil, down by 1.9% to 4,208.8 yuan per ton, up by 0.3%; 490 million tons of coal, up 14.8%, 688.4 yuan per ton, down 12.5%; 120 million tons of natural gas, up by 12% to 3,506.2 yuan per ton, down by 5.8%; 97.09 million tons of soybeans, an increase of 9.4% and a decrease of 15.1% to 3,591.7 yuan per ton; Refined oil reached 44.94 million tons, up by 4.5%, reaching 4,322.9 yuan per ton, up by 4.5%. In addition, 26.333 million tons of plastics with primary shapes were imported, a decrease of 2.4% to 10,800 yuan per ton, a decrease of 0.1%; The unwrought copper and copper products reached 5.127 million tons, up by 1.7% and 67,700 yuan per ton, up by 11.1%.South Korea's ruling party is talking about letting Yin Xiyue resign in February or March next year, or will soon disclose the road map. According to several media reports on December 10, the ruling National Power Party of South Korea will announce the road map of South Korea's President Yin Xiyue's "orderly withdrawal", which may announce the time and manner of Yin Xiyue's early resignation, including the different possibilities of "resignation in February and general election in April" or "resignation in March and general election in May". Lee Yang-soo, a member of the ruling party in charge of political stability, said that compared with impeachment, the timetables of the above two schemes have advanced faster, and Yin Xiyue's resignation and holding presidential elections will reduce uncertainty and minimize public opinion differences; "Yin Xiyue should step down in a safer and more dignified way than impeachment", and the party needs to make a decision on Yin Xiyue's "orderly withdrawal" this week. Earlier, Li Zaiming, leader of South Korea's largest opposition party, stressed that Yin Xiyue must be successfully impeached on December 14th. (Interface News)
When the individual pension system is fully liberalized, it is expected that Y share will be added. It is learned from multiple channels that the individual pension system will be implemented nationwide after the third anniversary of the pilot project in 36 cities, and the relevant deployment is already in full swing, and the pension products are also expected to expand. According to the industry, in terms of Public Offering of Fund products, broad-based index funds and ETF-linked funds such as Shanghai and Shenzhen 300 Index, CSI 500 Index, CSI A500 Index and GEM Index are expected to be included, and Y shares will be added to meet the allocation needs of investors. (Cailian)Huang Wentao, China CITIC Construction Investment Co., Ltd.: Policy strength and tools are expected to achieve new breakthroughs. 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. Huang Wentao, chief economist of CITIC Jiantou, said in the latest interpretation that the meeting first mentioned "strengthening unconventional countercyclical adjustment", and the policy framework is expected to get rid of the mindset and achieve new breakthroughs in strength and tools. Huang Wentao mentioned that the "unconventional" policy will be mainly reflected in the breakthrough of the original conventional policy model, including: First, the breakthrough of monetary policy from "steady" to "moderately loose", and the transformation from the traditional model to the modern central bank system in the transmission system. Second, it is expected that the fiscal deficit constraint of 3% will be greatly exceeded, and the mode of financial development may also be optimized in the past, with more inclination to the residential sector. Third, in stabilizing the capital market, more powerful and effective measures are introduced to prevent excessive market volatility. "The stocks and debts are expected to continue." Huang Wentao pointed out that the unconventional countercyclical adjustment policy not only provides sufficient impetus for the recovery of economic vitality, but also provides strong support for improving expectations and reviving confidence, and provides sufficient source of living water for the capital market. The stock market is expected to continue to strengthen and the risk-free rate of return is expected to continue to decline.When the individual pension system is fully liberalized, it is expected that Y share will be added. It is learned from multiple channels that the individual pension system will be implemented nationwide after the third anniversary of the pilot project in 36 cities, and the relevant deployment is already in full swing, and the pension products are also expected to expand. According to the industry, in terms of Public Offering of Fund products, broad-based index funds and ETF-linked funds such as Shanghai and Shenzhen 300 Index, CSI 500 Index, CSI A500 Index and GEM Index are expected to be included, and Y shares will be added to meet the allocation needs of investors. (Cailian)
Wan Liyang: The aluminum alloy die-casting project invested and built by the company in Jiangshan, Zhejiang Province has been put into production. Wan Liyang said on the interactive platform on December 10th that the aluminum alloy die-casting project invested and built by the company in Jiangshan, Zhejiang Province has been put into production.The concept of Tik Tok rose before noon, and the provincial and Guangzhou Group hit the board in a straight line. Tianlong Group rose by more than 10%, followed by Xinghui Entertainment, Chinese Online and Gravitational Media.General Administration of Customs: In the first 11 months, automobile exports were 762.97 billion yuan, up by 16.9%. According to the data of General Administration of Customs, in the first 11 months, China exported 13.7 trillion yuan of mechanical and electrical products, up by 8.4%, accounting for 59.5% of China's total export value. Among them, automatic data processing equipment and its parts and components were 1.33 trillion yuan, an increase of 11.4%; 1.03 trillion yuan of integrated circuits, up by 20.3%; Mobile phones reached 874.45 billion yuan, down by 0.9%; Automobile was 762.97 billion yuan, up by 16.9%. In the same period, the export of labor products was 3.84 trillion yuan, an increase of 3.2%, accounting for 16.7%. Among them, clothing and clothing accessories were 1.03 trillion yuan, an increase of 0.9%; Textiles were 915.96 billion yuan, up 6%; Plastic products reached 681.09 billion yuan, up 6.9%. The export of agricultural products was 657.34 billion yuan, up by 4.6%. (General Administration of Customs)