Lou Feipeng, a researcher at the Postal Savings Bank: Strengthen the prevention and resolution of risks in the fields of real estate and small and medium-sized financial institutions. Lou Feipeng, a researcher at the Postal Savings Bank, told reporters that it is necessary to strengthen the prevention and resolution of risks in the real estate field and small and medium-sized financial institutions under the circumstances that a clear plan has been issued for the resolution of local government debt risks and targeted measures have been taken. (SSE)Yu Chengdong officially settled in Tik Tok. On December 12th, Yu Chengdong, managing director of Huawei, chairman of BG, and chairman of BU, a smart car solution, officially settled in Tik Tok. His account number has been completed with real name and obtained official certification. At present, the account has not released works yet, and the number of fans is rising rapidly. (Auto has a style)Luo Zhiheng, chief economist of Yuekai Securities: Improving deficit ratio's firm determination to release the central government to stabilize the economy is conducive to stabilizing expectations. The Central Economic Work Conference proposed to implement a more active fiscal policy. Improve the fiscal deficit ratio, and ensure that the fiscal policy will continue to exert more efforts. Luo Zhiheng, chief economist of Yuekai Securities, said that the fiscal policy continued the general tone of "positive", which reflected the stability and continuity of the policy, but emphasized "more positive", which was mainly reflected in the increase of deficit ratio and the scale of special bonds and ultra-long-term special government bonds. It is expected that the scale of fiscal expenditure will be significantly increased and the growth rate of fiscal expenditure will be increased next year. The generalized deficit ratio probability in 2025 is higher than that in 2024. In his view, the narrow sense of deficit ratio has a high probability of exceeding 3%, and the improvement of deficit ratio has special significance, which can achieve triple effects. First, the increase in deficit ratio means a further increase in the deficit scale, which is conducive to expanding expenditure, strengthening the ability of fiscal countercyclical adjustment, better preventing risks, benefiting people's livelihood and stabilizing growth. Second, deficit ratio is different from other financial instruments, and the public pays great attention to deficit ratio and its changes. Therefore, fiscal policy should use limited "bullets" to stabilize expectations, and the same fiscal stimulus scale should be reflected in deficit ratio as much as possible. Deficit ratio can better convey policy intentions and has strong policy signal significance; Improving deficit ratio's firm determination to release the central government to stabilize the economy is conducive to stabilizing expectations. Third, the high probability of deficit is still dominated by central government bonds. The form of transfer payment can better ensure the stability of grassroots financial resources and increase the disposable degree of local financial resources, which is conducive to the local government's "three guarantees" work. (SSE)
Spot silver fell more than 2.00% in the day and is now reported at $31.26 per ounce; COMEX silver fell more than 3.00% in a day and is now quoted at $31.98 per ounce.Netac Technology: A joint working group was established with ZTE to continuously promote the landing of orders. Netac Technology released a record of investor relations activities, and Netac Technology continued to strengthen cooperation with ZTE at the strategic level. The two sides have jointly established a joint working group and continued to promote the landing of orders. The bidding work for some projects has been started. The next step is to focus on obtaining stable and substantial orders and continuously create a computing ecological pattern. In addition, Guangdong-Hong Kong-Macao Greater Bay Area storage base covers a wide range, and related work is in the process of promotion. The suspension and restriction of sales of NVIDIA Gaosuanlike has no significant impact on Netac Technology. The company has launched a heterogeneous computing power dispatching platform, and has maintained a good cooperative relationship with domestic computing power card manufacturers. The dispatching platform gives priority to recommending customers to test and adapt domestic computing power cards, and related work is in progress.Syrian Information Minister: Turkish Foreign Minister, Intelligence Minister and Qatar National Security Minister met with Syrian opposition leader Shara and caretaker Prime Minister Bashir in Damascus.
Zhang Yiqun, Vice Chairman of the Performance Committee of China Finance Association: The fiscal deficit will be greatly increased or released over 5 trillion yuan next year, and the Central Economic Work Conference proposed to implement a more active fiscal policy. Improve the fiscal deficit ratio, and ensure that the fiscal policy will continue to exert more efforts. Zhang Yiqun, deputy director of the Performance Committee of China Finance Association, said that the fiscal deficit will be greatly increased on the basis of 3% this year, and it is estimated that deficit ratio will be in the range of 3.5% to 4% next year, which will release more than 5 trillion yuan of space.Federal Deposit Insurance Corporation (FDIC): As there was no one-off income from equity securities trading in the last quarter, bank profits declined, which was partially offset by strong net interest income; The bank reported that its quarterly net interest income increased by $4.5 billion and its net interest margin rose to 3.23%. Bank of America's profits fell by 8.6% to $65.4 billion in the third quarter of 2024.Lou Feipeng, a researcher at the Postal Savings Bank: Strengthen the prevention and resolution of risks in the fields of real estate and small and medium-sized financial institutions. Lou Feipeng, a researcher at the Postal Savings Bank, told reporters that it is necessary to strengthen the prevention and resolution of risks in the real estate field and small and medium-sized financial institutions under the circumstances that a clear plan has been issued for the resolution of local government debt risks and targeted measures have been taken. (SSE)