digital currency tron, Top stories

Ren Hongbin, President of the China Council for the Promotion of International Trade, met with Lee Ka Chiu John, Chief Executive of the Hong Kong Special Administrative Region. On December 9, Ren Hongbin, President of the China Council for the Promotion of International Trade, met with Lee Ka Chiu John, Chief Executive of the Hong Kong Special Administrative Region. The two sides exchanged views on strengthening economic and trade exchanges between the mainland and Hong Kong, promoting the industrial and commercial circles of the two places to jointly build the "Belt and Road" with high quality, helping Guangdong-Hong Kong-Macao Greater Bay Area to develop with high quality, and jointly safeguarding the stability of the global industrial chain supply chain. The two sides indicated that they would make joint efforts to promote the second Guangdong-Hong Kong-Macao Greater Bay Area Development Business Conference to be held from December 11th to 12th to be a complete success.The yield of China's 10-year treasury bonds dropped to 1.87% at the beginning of the session, and the betting easing policy was accelerated. The yield of 10-year treasury bonds "24 Treasury bonds with interest 11" dropped by 3.5bp to 1.87%, hitting a record low.CITIC Securities: In November, the PPI turned positive more than expected, and the core CPI continued to improve. According to the research report of CITIC Securities, the price data in November 2024 showed that the boosting effect on the economy after the policy shift in late September initially appeared at the "price end", mainly in two aspects: "PPI turned positive" and "continuous improvement of core CPI". In terms of PPI, this month's PPI turned positive more than expected, and the main contributions came from "the effect of trade-in for new products is gradually appearing at the price end of related industries" and "the acceleration of physical workload of infrastructure has boosted the prices of raw materials industries in the upper and middle reaches". It is embodied in the remarkable improvement of PPI in computer machine manufacturing, communication terminal equipment manufacturing, automobile manufacturing, durable consumer goods (means of subsistence), non-metallic mineral products industry and other industries. In terms of CPI, although the year-on-year growth rate of CPI further declined to 0.2%, which was significantly lower than the market expectation, it was largely affected by the over-seasonal decline in food prices. The core CPI, which the market paid more attention to, continued to improve slightly on the margin, with the year-on-year reading rising from 0.1% at the bottom of September to 0.2% in October and 0.3% in November. In terms of splitting, the CPI decline of the three major durable consumer goods and services has narrowed compared with the same period of last year. On the whole, the combination of "CPI 0.2%+PPI -2.5%" reveals that China is still facing significant "low inflation" pressure, and it is still necessary to continue to strengthen the price level with a package of incremental policies. Looking back, if the boosting effect of the "two new" policies on the demand of downstream industrial products and the driving effect of the accelerated issuance of special bonds on the physical workload of infrastructure can be released continuously, it will provide some support for the improvement of PPI; However, if you want to see the PPI continue to turn positive significantly, you may have to wait for the policy to further push the physical workload and real estate start-up data, as well as the more stringent supply-side optimization policies in some areas with more production capacity.

The central parity of RMB against the US dollar was reported at 7.1896 yuan, down by 26 points.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.A shares are slow! A50ETF Huabao (159596) closed up by 0.9%, and eight of the top ten stocks rose. On December 10, the market opened sharply higher and then continued to fall. A50ETF Huabao (159596) closed up by 0.9%, with a turnover of 158 million yuan. In terms of constituent stocks, eight of the top ten awkward stocks rose. China Merchants Bank led the gains, while Kweichow Moutai, China Ping An and other stocks followed suit. Datong Securities pointed out that Politburo meeting of the Chinese Communist Party's policy of steady growth next year exceeded expectations, and A-shares are expected to usher in a cross-grade market. Under the guidance of the two monetary policy tools of the central bank and a series of policies such as mergers and acquisitions and market value management of the CSRC, the stock market ushered in a reversal at the end of September. Driven by loose monetary policy and more active fiscal policy, the economic fundamentals will stabilize and rebound with high probability next year; In terms of funds, the entry of stabilization funds and more long-term patient capital into the market is also predictable, and the risk appetite and valuation of A shares will also be supported. Therefore, in 2025, A-share slow cattle can be expected.

Darentang: Chloe Wang resigned as the general manager due to job change. Darentang announced on the evening of December 10th that Chloe Wang applied to resign as the general manager of the company due to job change. After resigning, Ms. Chloe Wang still served as the director and chairman of the company.Mao Geping opened 59.90% higher on the first day of listing, and Mao Geping opened 59.90% higher on the first day of listing. According to public information, the subscription for public offering of new shares of Hong Kong stocks in Mao Geping reached HK$ 173.814 billion, oversubscribed by 826.27 times, making it the "king of frozen capital" in the new stock market of Hong Kong stocks this year.The weighted share price index of Taiwan Stock Exchange opened 0.2% lower at 23,228.26.