The renminbi rose sharply
After a series of sharp rises, the renminbi continued to appreciate to fuel the end of the year**.
On November 29, the offshore RMB exchange rate once strengthened by about 200 points intraday, approaching 711 mark, the highest touched 71135；The onshore yuan also surged more than 200 points at the open, at 71165 opened strongly before retreating slightly.
On the other hand, the Fed's speech unexpectedly turned, "* atmosphere, the dollar index fell sharply. At present, the dollar index has fallen back below 103, with a low of 102 in the morning46。Since November, the U.S. dollar index has fallen nearly 4%.
In addition to external driving factors, the recent increase in the RMB exchange rate is a "vote of confidence" cast by the market for China's economic development. After the continuous appreciation, the upward space of the RMB exchange rate has been opened. At the end of the year, there were still a number of factors, such as seasonal foreign exchange settlement, reflexivity, a recovery in exports and a further decline in the US dollar index, which supported the further strengthening of the RMB exchange rate.
China-Hong Kong Stock Connect Comments: The recent ** of the RMB exchange rate is a "vote of confidence" cast by the market for China's economic development. Since the third quarter, major macroeconomic indicators such as consumption, investment, and corporate profits have all shown marginal improvements, indicating that the signal that the domestic economy is stabilizing and improving has become clearer. Positive expectations for the economy have led to a significant recovery in sentiment in the foreign exchange market. In the future, the volume of foreign exchange orders to be settled and the volume of foreign exchange market transactions are still important factors in determining the depth of this round of RMB exchange rate. The latest foreign exchange settlement and sales data show that the pending foreign exchange settlement orders continue to accumulate, and it is expected that the RMB** will continue in December and January 2024.
The deep passage is fully connected!
The Shenzhen-Zhongshan Channel, which has attracted much attention, has made new progress!On the morning of November 28, the concrete pouring of the ballast bin in the submarine tunnel was completed, marking the breakthrough of the submarine tunnel. This also means that the main line of the Shenzhen-Zhongshan Corridor will be completed in its entirety and move towards the final stage of opening to traffic in 2024.
The Shenzhen-Zhongshan Corridor is a core transportation hub project in the Guangdong-Hong Kong-Macao Greater Bay Area, with a total length of 24 kilometers, and is a cross-sea cluster project integrating "bridges, islands, tunnels and underwater interconnection". The bridge part of the Shenzhong Passage is about 17 kilometers long, of which the main span of Lingdingyang Bridge is 1666 meters, and the height of the main tower is 270 meters, which is the world's largest span steel box girder suspension bridge and the world's highest navigable clearance scale sea-crossing bridgeThe length of the undersea tunnel is about 6At 8 kilometers, it is the world's longest and widest steel-shell concrete immersed tunnel.
It is reported that the Shenzhen-Zhongshan Corridor will be officially opened to traffic in 2024, and the full line will create the necessary conditions for opening to traffic. At that time, the driving time between Shenzhen and Zhongshan will be shortened from the current 2 hours to about 20 minutes, and the Shenzhen-Zhongshan Corridor will become a major transportation artery connecting the urban agglomerations on the east and west sides of the Pearl River Estuary.
China-Hong Kong Stock Connect Comments: For the Shenzhen-Zhongshan Corridor, some Shenzhen residents are worried that after the completion of the Shenzhen-Zhongshan Corridor, Zhongshan citizens will come to Shenzhen for employment, squeezing the Shenzhen employment market. This concern is unnecessary, and the number of Zhongshan citizens who come to Shenzhen for employment may increase, but not much. The benefit of the Shenzhen-Zhongshan Corridor for Shenzhen residents is that Shenzhen's industries can spill over to Zhongshan and open up the market, and Shenzhen residents can also move their employment locations to Zhongshan with their enterprises to reduce living costs.
Huawei's latest automotive trends
Huawei's new car has driven the entire Huawei Automobile Circle of Friends company.
On the afternoon of November 28, at the launch site of the new Zhijie S7 car jointly developed by Huawei and Chery, Yu Chengdong, Executive Director of Huawei and Chairman of Intelligent Vehicle Solutions, said that Huawei's automotive business currently has three categories: parts and components mode, solution mode, and smart car mode. Among them, the smart car model is the most in-depth, which is to support car companies with Huawei's capabilities accumulated over the years to design excellent products together. "In the past, there was a cooperation with Celis, today there is a cooperation with Chery, and the products cooperated with BAIC and JAC are on the way. FAW and other powerful car companies are welcome to join. ”
On the afternoon of November 28, at the launch site of the Bund in Shanghai, Zhijie S7 took the stage by itself in an unmanned state, and the scene was full of cheers. Yu Chengdong introduced that the Beta open plan for Zhijie S7 parking substitute driving will be available in Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing, Suzhou, Dongguan and other cities in the first quarter of next year. The new car can realize "self-driving, self-parking".
China-Hong Kong Pass Comments: The press conference also introduced that the number of reservations for Zhijie S7 has exceeded 20,000 units. Huawei has given full play to its own advantages and cooperated with a number of traditional car companies to have a very strong momentum in the field of smart cars recently, and has been catching up with competitors such as BYD in many aspects, and the development path of Huawei Automotive is worth paying attention to in the future.