1. The recent RMB exchange rate has been sharply **, following the previous day's sharp **, and continued to be sharply ** on Friday, breaking through 7 in one fell swoop1 pass.
You know, this is the first time since June that the RMB exchange rate has risen to 71 or more. It's just a pity that with the continuous appreciation of the RMB and the continuous outflow of foreign capital, A-shares have not continued to be ** because of the appreciation of the RMB. Before the third quarter of A-shares**, we always believed that it was caused by the continuous depreciation of the RMB, but the recent appreciation of the RMB exchange rate and the overall recovery of foreign markets, but A-shares** have not yet followed suit.
2. The National Development and Reform Commission will promote the innovation and development of intelligent vehicles and support the trial operation of autonomous vehicles.
Automobile is the second largest industry after real estate, but also an important economic pillar of many developed countries, China to achieve industrial transformation, car is a good step, although we have a certain advantage in electric vehicles, but not enough to shake it up. For fuel-efficient vehicles, the best way to accelerate the transformation is to change the driving Xi. Autonomous driving is the best advance. Therefore, China should vigorously develop independent management. The direction of state support is also the direction of future speculation in the capital market.
3. Guolian Group became the largest shareholder of Minsheng and was approved by the China Securities Regulatory Commission. The two merged to create an aircraft carrier-level brokerage, which became stronger and bigger. This is undoubtedly good for the industry.
Guolian Group is a company supervised by Wuxi State-owned Assets Supervision and Administration Commission, and the main shareholder of Minsheng ** held 303% of the shares, becoming the absolute controlling shareholder, which means that it will become an absolute state-controlled company. Assets owned. This should be an important step in the reform of state-owned enterprises, and the sudden end of the people's livelihood may be related to this news.
Fourth, the expert meeting of the China Securities Association suggested: the deficit rate may be moderately increased in 2024.
Compared with some developed countries, China's fiscal deficit rate is still at the safety warning line. The rise in the deficit rate will accelerate the issuance of money, leading to the relative depreciation of the assets of social entities. The additional currency will flow into enterprises, increasing support for the real economy, which is conducive to the development of high-quality assets.
But what we need to avoid is a rise in the fiscal deficit ratio, which will trigger inflation and lead to a period of weak control of interest rate hikes. However, the rise in the deficit ratio also means that fiscal easing will further boost the prosperity of the domestic economy, and at the same time play a positive role in the prosperity of the A** market.