Central Economic Work Conference: Keep the RMB exchange rate basically stable at a reasonable and balanced level. The Central Economic Work Conference was held in Beijing from December 11th to 12th. The meeting proposed to implement a moderately loose monetary policy. Give full play to the dual functions of the total amount and structure of monetary policy tools, reduce the RRR and interest rates in a timely manner, maintain sufficient liquidity, and match the scale of social financing and the growth of money supply with the expected goals of economic growth and overall price level. Keep the RMB exchange rate basically stable at a reasonable and balanced level. Explore and expand the macro-prudential and financial stability functions of the central bank, innovate financial instruments, and maintain the stability of the financial market.Central Economic Work Conference: Expanding high-level opening to the outside world and stabilizing foreign trade and foreign investment. The Central Economic Work Conference was held in Beijing on December 11th and 12th. The meeting proposed to expand independent opening and unilateral opening in an orderly manner, steadily expand institutional opening, promote the free trade pilot zone to improve quality and efficiency and expand the reform mandate, and accelerate the implementation of the core policy of Hainan Free Trade Port. Actively develop service trade, green trade and digital trade. Deepen the reform of foreign investment promotion system and mechanism. We will steadily open up the service industry, expand pilot projects in the fields of telecommunications, medical care and education, and continue to build the brand of "Invest in China". Promote high-quality joint construction of the "Belt and Road", deepen and improve the overseas comprehensive service system. (Xinhua News Agency)Eurozone government bond yields barely changed, and eurozone government bond yields barely changed, after the European Central Bank cut interest rates by 25 basis points, as widely expected. Michael Brown of Pepperstone said in a report: "The interest rate cut was accompanied by a policy statement, which' copied and pasted' the policy guidance issued after the October meeting." The ECB reiterated that it would "follow the method of data dependence and successive meetings to determine the appropriate monetary policy stance." According to Tradeweb's data, after the interest rate was determined, the yield of two-year German government bonds was 1.941%, slightly lower than the previous 1.951%, while the yield of 10-year German government bonds was 2.130%, which was almost unchanged that day.
According to statistics, on December 12th, as of press time, five A-share listed companies including Alaide, Zhongzhong Technology, Yiwang Yichuang, Crystal Optoelectronics and Decai Co., Ltd. disclosed their holdings.European Central Bank President Lagarde: Enterprises are curbing investment, exports are weak, and labor demand continues to weaken. The employment opportunities created are decreasing, so economic development should be strengthened, and the economic rebound is slower than expected.Germany's current account surplus in October was 12.497 billion euros.
Analyst Randow: The change in the wording of the European Central Bank shows that the ECB Committee has discussed the neutral interest rate. Otherwise, how can they decide what is restrictive and what is lenient? I am curious about what Lagarde will say next.European Central Bank President Lagarde: Labor cost growth will slow down.European Central Bank President Lagarde: The economy will strengthen over time.
Strategy guide 12-14
Strategy guide 12-14
Strategy guide
12-14
Strategy guide 12-14