Fuyi Wine intends to acquire Chinese wineries to be used as the production base of Penfolds brand. Fuyi Wine Group said that it will spend RMB 130 million to acquire 75% equity of Ningxia Stone & Moon Winery in Ningxia, China. The company listed on the Australian Stock Exchange plans to use 106 acres of high-quality vineyards of the winery for the production of Penfolds wine. Fuyi Wine Group can acquire the remaining shares of Wangyueshi Winery in five years. It is reported that the Penfolds brand was founded in 1844. Penfolds wine is mainly produced in Australia, but some of it is brewed from grapes grown in France and California. (Morgan Stanley published a research report that China's monetary policy changed from "prudent" to "moderately loose" to support market sentiment in 2025, and the real policy may focus on interest rate reform in 2025. Morgan Stanley said that the increased attention to reactivating the capital market should also help support market sentiment and keep the trading volume high in the short term. The bank also suggested that optimizing existing loans, more rational bank loan growth and interest rate reform may be the real focus in 2025. The bank believes that risk-based loan pricing may continue to recover, which will help to buffer the bank's net interest margin, even if some additional loan market quotations are lowered.8.8 billion cubic meters of natural gas is supplied to Hubei. It was learned from Huazhong Company, the State Pipe Network Group, that on the basis of delivering more than 8.2 billion cubic meters of natural gas to Hubei last year, considering the growing demand for natural gas in Hubei, the company further implemented the natural gas supply resources. It is estimated that 8.8 billion cubic meters of natural gas can be delivered to Hubei this year, accounting for 97.7% of Hubei's natural gas market, which can guarantee Hubei's people's livelihood and economic development needs this winter.
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.Sinosteel Tianyuan: The production and sales of battery-grade manganous oxide increased by 140% in the first 10 months. According to Sinosteel Tianyuan, with the 20,000-ton battery-grade manganous oxide production line officially put into use, the production and sales of battery-grade manganous oxide of Sinosteel Tianyuan increased by 140% from January to October. This also indicates that Sinosteel Tianyuan has made a key breakthrough in the field of new energy battery materials, greatly enhancing the industry's influence and competitiveness.Goldman Sachs: Take a positive view on the demand prospect of Xiaomi Yuqi and rate it as "Buy". Goldman Sachs published a report that it has a positive view on the demand prospect of Xiaomi Yuqi based on the disclosed specifications, performance and endurance, and thinks that Xiaomi Yuqi has the potential to become one of the best-selling high-end new energy SUVs in China. According to the report, since the strong debut of the first model SU7 in March this year, its performance has exceeded the original expectations of the bank, and it has continued to consolidate its leading position as one of the best-selling premium BEV cars. Since this year, the average monthly retail volume has reached 13,000, which is in line with Tesla Model 3. Since October 2024, the average monthly retail volume has reached more than 20,000. The bank gave Xiaomi a "buy" rating with a target price of HK$ 33.3.
Russian diplomat: The Security Council will release documents related to Syria in the "next few days". According to a report by the Russian satellite agency on December 10, Russian Permanent Representative to the United Nations Vasily Niebianjia said on December 9 that members of the UN Security Council discussed the necessity of formulating a document related to the situation in Syria in closed-door consultations on December 9, which may be released in the next few days. According to the report, Nie Bianjia pointed out: "We discussed the necessity of the Security Council to formulate a document. No one is ready today, but I think we will see it in the next few days, and hope that the sooner the better. " Commenting on the fate of Russian troops staying in Syria after the regime change in Syria, Niebianjia added that this question was asked to the wrong person. Nie Bianjia said in response to a reporter's question on this topic: "You asked the wrong person." (Reference message)China's annual export rate in November was 5.8%, the previous value was 11.20%. China's annual import rate in November was -4.7%, while the previous value was -3.70%.
Strategy guide
12-13
Strategy guide 12-13
Strategy guide
12-13
Strategy guide