Zhongjin's fixed income: the financing demand is weak under the background of debt conversion, and the monetary policy needs to continue to increase. Zhongjin's fixed income commented on the financial data in November, saying that it is expected that the currency will be loose or significantly accelerated next year, while the short-term interest rate may have a large downside. Under the background of slow real estate recovery, the domestic economy has stabilized relatively moderately, and the long-term interest rate has been affected or relatively limited. Next year, monetary and fiscal cooperation will be closer, and the supply factor of government bonds may not have much disturbance to the long end. Recently, the market has fully priced loose expectations, and the long-term interest rate has dropped rapidly. Next year, with the RRR cut, the short-term interest rate will fall or accelerate, and the yield curve will move down sharply.Shanghai will build a space-time digital twin system. Chen Jining, secretary of the Shanghai Municipal Party Committee, attended the opening day of "Shanghai Quantum City Space-time Innovation Base" in Fuxing Island, Yangpu District yesterday morning to unveil the Shanghai Key Laboratory of Space-time Innovation of Quantum City. According to the construction plan, relevant parties in Shanghai will innovatively integrate and apply all kinds of new digital technologies to build a spatio-temporal digital twin system with virtual reality, online and offline linkage, and all things interconnected. By 2027, the city's spatio-temporal intelligent governance capacity will be comprehensively improved, and thousands of industries will be supported, forming a number of industrial clusters in the spatio-temporal field of artificial intelligence. (Liberation Daily)Syrian Human Rights Watch: Israeli troops attacked many places in Syria. According to Syrian Human Rights Watch's early morning news on the 14th local time, Israeli troops attacked the Kasong Mountain area in Damascus, the Syrian capital, the Harhala military airport in Suweida province in southern Syria and the military factory in Mesyaf, Hama province in western Syria on the evening of 13th. The Israeli military has not responded to this.
China calls on the Security Council to resume the blanket exemption from the travel ban for relevant personnel of the Afghan interim government as soon as possible. On December 13th, local time, the United Nations Security Council unanimously adopted resolution 2763, extending the authorization of the Monitoring Team of the 1988 Sanctions Committee (Taliban Sanctions Committee) for 14 months. The Chinese representative expressed the hope that the team would continue to actively perform its duties as authorized by the resolution, provide strong support for the work of the Committee, support the monitoring team to strengthen contacts with the Afghan interim government, and look forward to the team's early visit to Afghanistan. Geng Shuang said that the resolution reaffirmed the necessity of reviewing the 1988 sanctions regime and stressed that the Security Council sanctions should help promote Afghan peace and stability. The Taliban has been in power for more than three years, the situation in Afghanistan is generally stable, and contacts between the outside world and the Afghan authorities are gradually expanding. China once again calls for timely adjustment of the sanctions mechanism according to the development and changes of the situation. As a first step, the Security Council should restore the blanket exemption from the travel ban for relevant personnel of the Afghan interim government as soon as possible, so as to create conditions and facilitate the international community to strengthen contacts and exchanges with Afghanistan.Payment licenses have been cancelled for a total of 94 times, and 9 payment institutions "left the site" during the year. Recently, Kaidianbao Payment Service Co., Ltd. issued the Notice on Suspension of Payment Business, saying that it would withdraw and clean up the existing stock business in an orderly manner. According to the list of cancelled payment institutions updated by official website, People's Bank of China, as of December 13 this year, 94 payment licenses have been confirmed to be cancelled, and the number of payment licenses cancelled this year is 9. (Securities Daily)Two-way opening-up continues to deepen, and foreign-funded institutions continue to be optimistic about China's capital market. Near the end of the year, many foreign-funded institutions have issued investment strategies for 2025. Foreign-funded institutions generally believe that a series of incremental policies since the end of September are gradually exerting their effects, providing strong support for China's stable economic growth and high-quality development. At the same time, the interconnection of financial markets continues to deepen, and the system of qualified foreign investors continues to be optimized, which also makes foreign investors' interest in investing in China continue to rise. Many foreign-funded institutions such as Goldman Sachs, UBS and Morgan Asset Management continue to be optimistic about the market outlook of China's capital market. Xing Ziqiang, chief economist of Morgan Stanley in China, said that the regulatory authorities are increasingly friendly to foreign investment, and the attention of overseas long-term capital and foreign investors to China is also developing in a positive direction. With the coordinated efforts of reform, it is believed that China's economy and market confidence will continue to stabilize and rebound. (Securities Times)
A number of banks' "second response": individual pension fund accounts will be opened in batches. Since the news that the individual pension system was pushed from 36 pilot cities to the whole country was released, a number of commercial banks acted quickly and successively issued notices on the automatic account opening business of individual pension fund accounts. At the same time, commercial banks have made careful preparations, started the "customer grabbing war" ahead of schedule, and launched a number of preferential account opening packages. Insiders interviewed by reporters said that the comprehensive roll-out of the personal pension system is an important measure for China to cope with the changes in population structure and employment situation, which will have a positive impact on China's economic development and put forward new requirements for commercial banks to do a good job in personal pension financial services. (Securities Daily)Two-way opening-up continues to deepen, and foreign-funded institutions continue to be optimistic about China's capital market. Near the end of the year, many foreign-funded institutions have issued investment strategies for 2025. Foreign-funded institutions generally believe that a series of incremental policies since the end of September are gradually exerting their effects, providing strong support for China's stable economic growth and high-quality development. At the same time, the interconnection of financial markets continues to deepen, and the system of qualified foreign investors continues to be optimized, which also makes foreign investors' interest in investing in China continue to rise. Many foreign-funded institutions such as Goldman Sachs, UBS and Morgan Asset Management continue to be optimistic about the market outlook of China's capital market. Xing Ziqiang, chief economist of Morgan Stanley in China, said that the regulatory authorities are increasingly friendly to foreign investment, and the attention of overseas long-term capital and foreign investors to China is also developing in a positive direction. With the coordinated efforts of reform, it is believed that China's economy and market confidence will continue to stabilize and rebound. (Securities Times)The head of the South Korean Police Department was formally detained. According to South Korean media reports, Zhao Zhihao, the head of the South Korean Police Department, and Kim Fung-sik, the head of the Seoul Police Department, were formally detained on the evening of December 13th. The Central District Court of Seoul said that Zhao Zhihao and Jin Fengzhi had the possibility of destroying evidence, so they issued detention orders. (CCTV International News)