1. In 2024, trillions of local bonds are ready to be issued, and the early approval quota is expected to be issued this week.
Yicai learned from relevant financial experts that by the end of next year, it is expected to issue trillions of new bonds to local governments, so that local governments can give full play to the role of bonds. Stabilize investment, stabilize growth, make up for shortcomings, promote consumption, and promote macroeconomic stability. This is equivalent to another trillion yuan of macro liquidity coming next year. Further easing of fiscal policy will increase corporate liquidity and play an important role in promoting macroeconomic prosperity.
The issuance of bonds requires the corresponding supply of physical gold and silver funds, which will inevitably have a pumping effect on A-shares in the capital market, and the liquidity of A-shares will be reduced, which is negative to a certain extent. But on the bright side, the real economy is well-resourced, and good returns will also stimulate the listed companies in the A** market, so the stock price will also improve.
2. Chip Settlement Agreement!Micron Technology and Fujian Jinhua Integrated Circuit*** have reached a global settlement. Micron generates 25% of its total global revenue from China. After we imposed sanctions on Micron, Micron Technology began to repair its relationship with China.
There is no reconciliation for no reason, and one blow is enough to prevent a hundred blows. 2023 is destined to be an extraordinary year, and it will not be an easy year for ** investors. The market's immunity to good news also reflects the pessimism. I hope that the performance of A-shares in the new year can give everyone a reason to reconcile.
3. The Shenzhen Stock Exchange concluded the review of the issuance and listing of Nantong Guanyuda Magnetic Industry Company and Nabaichuan New Energy Company, and the Shanghai Stock Exchange concluded the listing review of Beijing Huamaitech Medical Device Company.
These listed companies voluntarily requested to withdraw from the main board market. These listed companies are not allowed to contact the Beijing Stock Exchange. Therefore, the Beijing Stock Exchange should also strengthen the evaluation of these listed companies to prevent them from going public with illness and bringing unnecessary losses to investors.
4. ICBC Credit Suisse**: Strong demand for spirits, focusing on structural opportunities. It is believed that the wine industry has the effect of long slopes and thick snow.
ICBC Credit Suisse** pointed out in a research report that the liquor industry has long been regarded as a cycle of long slopes and deep snow, and is a safe haven and ballast stone for investment. The sector is still at a high level and has not yet adapted to the opposite bottom. China says that wine does not die, and it does not rise. While funds drive the structural opportunities of liquor, we still need to pay attention to the related risks. Structural opportunities still need to be watched. The timing of the increase in consumption before the Spring Festival should not be blindly heavy.