Twilight of the year!2023 is like spring in Shenzhen, obviously I have smelled the breath of spring, but I still need to wait for the spring breeze that night, blowing down the dead leaves of the trees, in order to get a new year. This year, we entered with hope, but we were also mired in fog and bumpy along the wayThis year, we have had happy moments, but we often have regrets and inexplicable apprehensions;This year, we waited in anticipation and moved forward on a rainy night.
In the three years of the pandemic, we have become accustomed to hiding our joys, sorrows, and sorrows under the mask and leaving our distant directions on our wish list. When the clock turns to 2023, when we press the reset button, we find that the whole world has changed. We can even clearly feel the profound connotation of "great changes unseen in a century".
The conflict between Russia and Ukraine is still not over, the Palestinian-Israeli conflict is accelerating its spillover, Wagner is in rebellion, the Balkan Peninsula is about to move, and the Korean Peninsula is surgingBut we can also see Tehran and Riyadh put aside their thousand-year-old feud and turn hostility into peace.
The financial market has also been shocked, the United States continues to raise interest rates, the US debt has fallen sharply, and the collapse of Silicon Valley Bank has broken through a record high, but we can still see that the global economy has been stable and healthy.
This year, when the dividends of the mobile Internet era were about to dry up, the whole world seemed to have found a new accelerator. ChatGPT was born out of nowhere, and the artificial intelligence heat wave has swept away, science fiction is no longer just a fantasy in literary works, and the stories of the wandering earth and the three-body world seem to be within reach.
Society is changing, and so are people. This year, we have experienced many farewells, and when the wind sends condolences and respects, a new era has also arrived. When we see the Hangzhou Asian Games, the youthful atmosphere of the post-00s warm-up staff may be caught off guard, but they are inevitably full of joy. The "fireworks" of Zibo barbecue are eye-catching, and the feeling of being down-to-earth and free makes people intoxicatedRongjiang's "village super" is out of the circle, and it is not only the hotness of Guizhou that blooms wantonly, but also the traffic potential and vitality of hundreds of millions of people. Walking 70,000 steps a day and climbing five mountains in five days, the "special forces" style tourism has become a time for young people to explore outwardWalking through the streets of the city, measuring with your footsteps, touching the green bricks on the corners, thousands of years of history circulating at your fingertips, City Walk allows yourself to slow down and breathe together with the city.
2023 may be a cycle low, but it may also be the starting point. In the magnificent blueprint of China's economy, a relatively flat curve has been drawn in 2023. Maybe a lot of things don't meet expectations at the beginning of the year, and here is the low point of confidence. However, the foreshadowing of many starting points of the cycle is advancing rapidly: measures such as restoring and expanding consumption, boosting the confidence of private enterprises, resolving hidden debts, etc., have been implemented, the internationalization of the renminbi, and the joint construction of the "Belt and Road" initiative has made significant progress. Even, we can also see that China's new energy vehicle industry has stood at the commanding heights of the world and has become a shining business card of "Made in China".
The characteristics of the cycle are also reflected in **. 2023 is not friendly to investors, but the system of the capital market is constantly improving, and the foundation continues to be consolidated. This year, the comprehensive registration-based reform was officially implemented, becoming a booster for China to meet a new round of global scientific and technological revolution and industrial transformationThis year, the high-level meeting repeatedly emphasized that "it is necessary to activate the capital market and boost investor confidence", and the "national team" funds have repeatedly entered the market to sweep ETFs and ETFs, and industrial capital has increased its holdings and repurchases one after another.
The past is the future. 2024 is not destined to be an ordinary year either. In this year, more than 40 countries, including the United States, will face elections, the rise of extremist forces will stir the global political and economic system, the conflict between Russia and Ukraine is still difficult to guarantee that it will end in 2024, and the possibility that the Palestinian-Israeli conflict will continue to deteriorate is still ......Global inflationary pressures remain, and the external environment is becoming more complex, severe and uncertain.
From the perspective of the domestic situation, the effective demand is insufficient, some industries have overcapacity, social expectations are weak, there are still many risks and hidden dangers, and there are blockages in the domestic circulation. At present, weak confidence is impacting the property market, and assets are returning to rationality, but it is not a smooth road. How to balance development and security, high quality and development speed, fiscal revenue and expenditure and tax base cultivation, and real industry and virtual economy may bring many challenges in the coming period.
Those who do often succeed, and those who do often come. China's economy has contributed one-third of global growth for many years in a row, and remains the largest engine of global economic growth today. At the moment, we have reached a critical junction. Only by seeking truth from facts, emancipating the mind, and facing challenges head-on can we break through the fog of the present. Only by further deepening reform and opening up in an all-round way, constantly liberating and developing the productive forces, stimulating the vitality of various business entities, deepening the reform of the economic system, and giving full play to the decisive role of the market in the allocation of resources, can we reverse the weak expectations and resolve various challenges in the future.
An economy that is constantly moving towards high-quality development is also inseparable from a capital market with high-quality development. Only by making every effort to maintain the smooth operation of the capital market, promote and improve the policy environment conducive to the entry of medium and long-term funds into the market, guide investment institutions to strengthen the counter-cyclical layout, strengthen "patient capital", formulate and implement the action plan for the capital market to support high-level scientific and technological self-reliance and self-improvement and the construction of a modern industrial system, and effectively implement the "tusks and thorns" of supervision and bloom the "flower of the bull market", is a powerful move to gather confidence.
The long river of history has been rolling forward, never stopping, and has never stopped for a moment because of human beings. Between the world and the earth, if the white horse passes through the gap, it is all of a sudden. Under the grand narrative, the micro-individual seeks up and down and constantly enriches his own life experience is the eternal and unchanging main line. You and I, thousands of ordinary people, are all people who are in a hurry for life. On the top of the high mountain, you can see the big river rushing;On the top of the peaks, I feel the long wind. We have gone through the hardships and hardships of the tenacious struggle against the virus, and we are experiencing the hesitation and confusion under the changes of a century. At this moment, only by relying on the indomitable soul forging and the endless fire of destiny can we break through the fog.
May you have the will to persevere, and always uphold the light in your heart. Triumphant, not far from mountains and seas;Take advantage of the momentum, not limited by the sun and the moon. The road is long, may all the waiting not be disappointed!
The morning is twilight, Erer is late, and he is in peace. Happy New Year to you!
Editor-in-charge: Editorial Department of Brokerage China.
Proofreading: Wang Chaoquan.