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2024-12-14 01:50:42

"The number of accounts opened exceeds expectations" is a general evaluation of the pilot situation of personal pension in the industry. Starting with the announcement of the pilot list of 36 cities (regions) on November 25th, 2022, by the end of June 2023, in less than one year, the number of people opening individual pension accounts has reached 40.3 million, and by the end of June 2024, the number of people opening individual pension accounts in China has exceeded 60 million. (Securities Times)The onshore RMB closed at 7.2615 yuan against the US dollar at night, down 124 points from Tuesday's night closing. The turnover was $57.609 billion.The policy continued to catalyze the large consumption sector or welcome a new round of valuation to repair the market. On December 11, the A-share market shrank. The concept sector of big consumption has been concerned by the market, and the food, beverage and retail sectors are among the top gainers. Analysts believe that near the Spring Festival, the top-down emphasis on domestic demand and policy expectations are heating up, and the big consumer sector is expected to usher in a new round of valuation repair. An Yaze, chief analyst of the food and beverage industry of CITIC Jiantou Securities, said that the recent introduction of a series of incremental fiscal and monetary policies has released a clear policy signal to strive to achieve the goals and tasks of economic and social development throughout the year, focusing on boosting consumption and expanding effective domestic demand. The food and beverage industry is expected to usher in a turning point in the boom. (china securities journal)


The rhythm of "Shangxin" accelerates the issuance of public offering REITs exceeding 50 billion yuan during the year. This year, the pace of initial projects in the public offering REITs market has obviously accelerated. Up to now, the cumulative issuance scale during the year has exceeded 50 billion yuan. At the same time, the number of REITs fund managers in the whole market has increased to 25 fund institutions, and the breadth and depth of participation of relevant parties have continued to expand. Looking forward to 2025, institutional sources said that the construction of domestic REITs primary and secondary markets is expected to continue to advance. With the entry of more diversified assets and investor types, the market scale and activity are expected to further increase. (Economic Information Daily)Six members of the ruling party of South Korean President Yin Xiyue supported the impeachment of the president.According to OpenAI, ChatGPT is now integrated into Apple's iOS, iPadOS and macOS, and users will be able to access ChatGPT through these systems.


The situation in Syria has turned around? The airport in Damascus will be reopened after lifting the curfew. On the 11th local time, the Syrian "Sharm Liberation Organization" announced the lifting of the curfew in the capital Damascus since the 8th, and called on the Syrian people to return to work. On the same day, the person in charge of Damascus International Airport said that the airport will be reopened in "the next few days" and flights can be resumed quickly. (CCTV News)The personal pension system will be expanded soon, and the third pillar of old-age security will be built in an all-round way. Recently, it was reported that the personal pension system will be implemented nationwide on the basis of pilot projects in 36 places. "It should be implemented nationwide soon. In fact, we have been making systematic preparations, and we are now well prepared." The staff of a state-owned bank in a non-pilot city told reporters. Industry researchers also told reporters that when the individual pension system was piloted, relevant supporting policies were made at the end of that year. "If it is fully rolled out according to the previous rhythm, there should be a saying before the end of this year." (Securities Times)Market participants: In 2025, the steel industry may deduce the upstream profit-making logic. At the 2025 China steel market prospect and the annual meeting of "My Steel", whether the profit space of steel enterprises can be enlarged in 2025, whether the supply-side capacity will be withdrawn in an orderly manner, and what factors should be relied on for the long-term development of enterprises have become the minds of many participants. The industry believes that the survival pressure of steel enterprises may be eased in 2025. The upstream supply of iron ore, coke and coking coal will reduce their prices, and the cost of steel enterprises will fall. The market may deduce the upstream profit-making logic. Market participants said that although steel prices are still expected to decline in 2025, the profit margin of steel enterprises may increase. (SSE)

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