Hisense responded to the rumors of layoffs: all of them are false guesses. Hisense Weibo issued a statement saying: Thank you for your concern for Hisense. At present, the relevant data and information about Hisense's layoffs circulated on the Internet are all false guesses. Hisense will hold some media and self-media responsible for their bad behavior of deliberately exaggerating the number and proportion of layoffs. Hisense, like most enterprises, allocates human resources through evaluation mechanism. At the end of each year, the organization and employees are appropriately adjusted according to the performance of enterprises and individuals, and the middle and high-level employees of the company are treated equally, and there are gains and losses at all levels.Millennium Capital has increased its office space in Hong Kong. According to Sing Tao Daily, Millennium Capital Management Asia leased another floor of the second phase of Hong Kong Central International Financial Center. Millennium will lease 46 floors of about 23,909 square feet of space until September 2027. The rent for new office space is estimated at around HK$ 120 per square foot. The company has rented the 43rd floor of the same building.Under the background of global energy structure transformation, methanol-based ethanol-hydrogen electric vehicle technology has gradually emerged in recent years, which not only further enriches the technical route of vehicle electrification, but also provides new ideas for solving the problems of energy security and emission reduction in transportation in China. The reporter learned that at present, Liaoning, Shanxi, Tianjin and other places are actively promoting policies to accelerate the development of the alcohol-hydrogen electric vehicle industry, and some car companies represented by Geely are also stepping up their layout to compete for a new track in this industry. According to industry insiders, alcohol-hydrogen electric vehicles have many advantages and there is huge room for future development. (Economic Information Daily)
Guotai Junan: OPEC+ once again postponed the increase in production without changing the global increase in production trend, and the supply and demand will still improve. Guotai Junan issued a document saying that since December, the VLCC freight rate has dropped to a low level, and the MR freight rate has rebounded slightly. Recently, OPEC+ decided to postpone production for another quarter until April 2025, and then increase production month by month, until the end of September 2026, the cumulative increase of 2 million barrels per day was completed. If implemented as scheduled, it is estimated that the increase of OPEC+production in 2025-26 will drive the global increase by 0.4%/1.2%. In addition, North America and South America are expected to increase production in 2025. The increase of crude oil production will benefit the growth of oil transportation demand, and the supply of tankers will be rigid in the next few years, and the improvement of supply and demand and the rise of prosperity will still be expected, suggesting that there is an option to lower oil prices.Analyst: "The economy is confident and the policy is unprecedented." "The economy is confident and the policy is unprecedented." Chen Xing, chief macro analyst of Caitong Securities, said that this year's economic operation is generally stable, and risks in key areas have been resolved in an orderly and effective manner. The meeting has confidence in this year's economic performance, and it is expected that the main objectives and tasks of economic and social development will be successfully completed throughout the year. Chen Xing believes that the Politburo meeting mentioned "stabilizing the property market and stock market" for the first time, and the core is to stabilize the prices of these two types of assets, namely house prices and stock indexes, which will help to repair the balance sheet of the residential sector, thus boosting consumption and expanding domestic demand.CITIC Securities: The supply or trend of government bonds will increase, and the subsequent banking system will face certain undertaking pressure. According to the CITIC Securities Research Report, the supply or trend of government bonds will increase in the medium and long term, and the subsequent banking system will face certain undertaking pressure. Under the logic of debt conversion, the continuous issuance of replacement special bonds will reduce the capital occupation of the banking system, but it will also increase the pressure of interest margin on the asset side, which may have a greater impact on small and medium-sized rural commercial banks. In addition, banks undertake a large number of medium and long-term interest-rate bonds or put pressure on their liquidity indicators, but at present, all indicators of state-owned banks have a high margin of safety, and we think the overall impact may be more controllable. At the beginning of next year, we can focus on the influence of small and medium-sized banks' bond buying behavior, or form a certain bullish support for long-term bond interest rates.
Zheshang Securities: A-shares may benefit from the rising style of risk appetite, which is more inclined to small-cap growth. Zheshang Securities Research Report pointed out that the current inflation level is in the early stage of bottoming out, and there is a lot of flexibility for the recovery of effective demand. It is expected that monetary policy will still have a total easing space such as RRR cuts and interest rate cuts. In terms of large-scale assets, A-shares may benefit from rising risk appetite, and their styles are more inclined to small-cap growth, and the valuation of technology stocks may be relatively flexible. It is recommended to pay attention to high-elastic sectors such as GEM, Kechuang 50 and Beizheng 50. In the field of fixed income, the current risk-free interest rate level has gradually approached the new equilibrium level. It is expected that the yield of the next 10-year government bonds will generally fluctuate, and the long-term interest rate is less likely to have upward risks. The credit spread is expected to narrow, and the urban investment bonds in the qualified areas will sink in a short period of time or the main allocation direction.Guotai Junan: OPEC+ once again postponed the increase in production without changing the global increase in production trend, and the supply and demand will still improve. Guotai Junan issued a document saying that since December, the VLCC freight rate has dropped to a low level, and the MR freight rate has rebounded slightly. Recently, OPEC+ decided to postpone production for another quarter until April 2025, and then increase production month by month, until the end of September 2026, the cumulative increase of 2 million barrels per day was completed. If implemented as scheduled, it is estimated that the increase of OPEC+production in 2025-26 will drive the global increase by 0.4%/1.2%. In addition, North America and South America are expected to increase production in 2025. The increase of crude oil production will benefit the growth of oil transportation demand, and the supply of tankers will be rigid in the next few years, and the improvement of supply and demand and the rise of prosperity will still be expected, suggesting that there is an option to lower oil prices.South Korea's Ministry of Finance said in a joint statement that South Korea will actively respond and reverse market sentiment.
Strategy guide 12-13
Strategy guide 12-13