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10 trillion debt-for-equity swap, real estate tax policies will be introduced in the near future... One article to understand the NPC press conference
Starting from 2024, China will allocate 800 billion yuan from the annual increase in local government special bonds for five consecutive years, specifically for debt restructuring, with a cumulative potential to replace 4 trillion yuan in hidden debt. In addition, with the 6 trillion yuan debt ceiling approved by the National People's Congress Standing Committee this time, it will directly increase local debt resources by 10 trillion yuan.
Open Source Securities: Powering up for a new round of ice and snow season, seize the momentum of ice and snow tourism/ice and snow industry potential release
The 2025 Harbin Asian Winter Games are about to be held, and top ice and snow events are expected to boost the attention and participation enthusiasm of the q&m dental towards ice and snow.
CICC in "Dah Sing": MSCI China Adjustment, Focus on Positive Impact on Ctrip (09961.HK), Nio Inc (09866.HK), and Alibaba (09988.HK)
CICC's report pointed out that MSCI's adjustment to China focuses on the potential positive impact on Ctrip-S (09961.HK), Nio-SW (09866.HK), and Alibaba-W (09988.HK); and the potential negative impact on Meituan (06110.HK), GAC (02238.HK), and iQIYI (IQ.US). In terms of the absolute change in weights, CICC calculated that due to this adjustment, Alibaba, Ctrip Group, Kuaishou-W (01024.HK), Nio, and Tianfeng Securities (601162.SH) rank high in weight increases.
Trump sparks a rally in the US dollar! US stocks and bitcoin hit new highs, with the Dow rising 1500 points, small cap stocks surging, while US bonds and metals plummet.
Dow rises to the best level in two years, small cap index rises nearly 6%, banking stocks rise over 10%, oil, steel, and crypto stocks surge, European and American solar stocks all collapse, Trump media technology rises by almost 35% before closing up by about 6%, Tesla rises by nearly 15% to a two-year high, Qualcomm rises by 10% after the bell. Chinese concept stocks narrow their declines, NIO Inc and Zeekr drop over 5%. 10-year US Treasury yield rises the most by 20 basis points nearing 4.48%, reaching a four-month high along with a 1.7% rise breaking 105 in the USD index, Bitcoin rises by 9% nearing $0.076 million, offshore RMB drops by a thousand points to below 7.20, a three-month low, Euro and Yen once fell by 2%. Gold drops over 3%, London copper drops over 4%.
On the Qunar platform, the national booking volume of snow and ice-related scenic spots has increased by over thirty percent year-on-year.
Gelonghui November 6th | With the arrival of the Start of Winter, snow resorts in many northern regions are about to open and welcome the snow season, with the popularity of the ice and snow economy continuing to rise. Data from Qunar platform shows that since November, the booking volume of ice and snow-related scenic spots nationwide on Qunar platform has increased by over 30% compared to the same period last year, and the search popularity for "skiing", "ice and snow", and "snow resorts" has tripled compared to last week.
Standard Chartered China has reached a strategic cooperation with Ctrip (09961.HK).
Standard Chartered Bank (China) and Ctrip (09961.HK) signed a strategic cooperation memorandum at the 7th China International Import Expo, aiming to further advance comprehensive business cooperation in mainland China and major overseas markets based on previous cooperation, hoping to jointly provide higher quality financial services and travel experiences for China's growing overseas travel demand. According to the memorandum, Standard Chartered China will coordinate Standard Chartered's global resources to further deepen comprehensive cooperation with Ctrip in mainland China and other major overseas markets on the basis of existing cooperation. At the same time, Standard Chartered will provide comprehensive corporate financial services for Ctrip's global operations.
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