Securities Times: Deepen the reform of the capital market and lay a solid foundation for the coordinated development of investment and financing. The direct statement of the central economic work conference on the capital market includes two aspects: one is to "stabilize the stock market" and the other is to "deepen the comprehensive reform of investment and financing in the capital market, open up the blocking points of medium and long-term funds entering the market, and enhance the inclusiveness and adaptability of the capital market system". The reporter learned that the CSRC is currently studying and formulating an implementation plan to further comprehensively deepen the reform of the capital market, deepen the comprehensive reform of investment and financing in the capital market, and improve the institutional mechanisms to promote the high-quality development of listed companies and enhance the inherent stability of the market. It is reported that the CSRC will further improve the equity incentive system, focus on cultivating and expanding patient capital, comprehensively use various tools such as stocks, bonds and futures, improve the support policies for venture capital and private equity investment, guide better investment in early, small, long-term and hard technologies, help high-quality innovative enterprises to grow and develop, and provide support for China's economic transformation and upgrading and long-term development.Economic Daily: Strengthening unconventional countercyclical adjustment and adjusting macro policies are related to the overall situation of national economic operation. The the Political Bureau of the Communist Party of China (CPC) Central Committee meeting held on December 9th emphasized that a more active fiscal policy and a moderately loose monetary policy should be implemented, the policy toolbox should be enriched and improved, the unconventional countercyclical adjustment should be strengthened, and the policy "combination boxing" should be well played to improve the foresight, pertinence and effectiveness of macro-control. The formulation of "extraordinary countercyclical adjustment" has aroused widespread concern in the market. The experts interviewed generally believe that the meeting of the Politburo is the general policy of economic work in the future. A series of statements at the meeting exceeded expectations, and larger fiscal and financial policies and industrial cultivation policies, and more extensive measures to promote people's livelihood and consumption are expected to be introduced, and various departments and localities will also let go of their hands and feet at the implementation level.Jilin Province promotes the high-quality development of ice and snow economy and cultivates a number of well-known brands and leading enterprises. The Standing Committee of Jilin Provincial Party Committee recently deliberated and adopted the "Implementation Opinions on Promoting the High-quality Development of Ice and Snow Economy in Jilin Province". According to the "Implementation Opinions", by the snow season of 2027-2028, the number of ice and snow tourists will reach 230 million, and the total spending of ice and snow tourists will reach 420 billion yuan. By 2030, ice and snow tourism will receive 300 million people, the total cost of ice and snow tourism will reach 540 billion yuan, and the total output value of ice and snow equipment manufacturing industry will exceed 5 billion yuan. Jilin Province will strive to declare 1-2 national ski resorts, and operate no less than 100 characteristic ice and snow parks every year to build high-quality ice and snow tourist destinations. Vigorously develop famous cities, towns and villages in ice and snow, and cultivate a number of well-known brands and leading enterprises in the field of ice and snow. (Securities Times)
International precious metal futures closed down sharply, COMEX gold futures fell by 1.87%, COMEX gold futures fell by 1.87% to $2,705.2 per ounce, and COMEX silver futures fell by 4.25% to $31.565 per ounce.Central Bank of Peru: It is expected that the annual inflation rate and core inflation rate will remain within the expected range.Broadcom's share price rose to 15% in the US after hours.
Russia said it had cracked down on Ukrainian troops in many places, saying that the situation on the front line was tense. On the 12th local time, the Russian Defense Ministry reported that in the past day, Russian tactical aviation, missile troops, artillery, etc. had cracked down on the assembly areas of Ukrainian troops' effective forces and equipment and a production workshop of Ukrainian attack drones in 137 areas. In addition, Russian troops also controlled the "Zarija" settlement in Donetsk. According to the circular, the Russian armed forces continued to defeat the Ukrainian armed forces in Kursk, Russia, and regained control of the "New Ivanovka" settlement in Kursk. On the same day, the General Staff of the Ukrainian Armed Forces issued a war report, saying that as of that afternoon, there were 138 battles in the front line, and the situation on the front line remained tense, mainly in Kulahovo, Pokrovsk and Freimut-Fsk areas. The Ukrainian air force, missile units and artillery units destroyed many Russian military personnel assembly areas and control points. In the Kursk region, the Ukrainian army repelled nine Russian attacks.Economic Daily commentator's article: Keep prices at a reasonable level. The Economic Daily issued a document saying that it is foreseeable that the implementation of macro-policies will create a better monetary and financial environment for economic growth and price stability, and also help to accelerate the formation of a virtuous circle of mutual promotion of consumption and investment, and promote a higher level of dynamic balance between supply and demand. Price is the "thermometer" of macroeconomic operation, the "wind vane" of market allocation of resources, and the "baton" of micro-management. Too high or too low is not conducive to economic and social development. In the short term, the decline in price level will help reduce the burden on consumers. However, if the price level continues to run at a low level, enterprises will "increase their income without increasing their profits", and the "involution" competition will intensify, and the motivation for expanding investment will weaken, which will further reduce employment opportunities and slow down the growth of wage income. Too low a price level will also raise the real interest rate, which may inhibit economic activities.Yuanda Jinghua Securities upgraded the rating of Taiwan Optoelectronic Materials to Buy with a target price of 660 yuan NT.