The RMB exchange rate is expected to appreciate again at the end of the year. The research team of the Financial Market Department of Agricultural Bank of China said that the market transactions have shown obvious narrative-driven characteristics in recent years. Considering some recent changes, the RMB exchange rate is expected to stabilize and rebound again in the future. First, the pricing of Trump transactions in the international market has come to an end. Second, there has been a major shift in domestic macro policies. Since late September, financial policies such as lowering the RRR, cutting interest rates, supporting the stock market and the real estate market, and fiscal debt measures have boosted market confidence. Third, there has been a favorable change in supply and demand in the domestic foreign exchange market. The end of the year is the traditional peak season for enterprises to settle foreign exchange, and the continuous forward discount will lead to the backlog of foreign exchange settlement, which will further amplify the demand for foreign exchange settlement at the end of the year. Further considering the overall situation of the game between China and the United States, Trump's return not only means the enhancement of external shocks, but also the upgrading of internal policies. The RMB exchange rate will maintain two-way fluctuations next year, and it is no longer a steady profit for enterprises to hold US dollars and postpone foreign exchange settlement. While stabilizing domestic foreign trade and foreign investment, continuing to expand high-level opening-up and expanding domestic demand in an all-round way implies the certainty of economic stabilization and recovery, which is expected to promote the return of short-term securities investment and medium-and long-term direct investment and help the RMB stop falling and rebound.The State Council agrees in principle with the Master Plan of Fuzhou Land and Space (2021-2035), and the State Council agrees in principle with the Master Plan of Fuzhou Land and Space (2021-2035) approved by the Ministry of Natural Resources. By 2035, the cultivated land in Fuzhou will be no less than 1,421,300 mu, of which the permanent basic farmland protection area will be no less than 1,267,200 mu; The red line area of ecological protection is not less than 5082.05 square kilometers, of which the red line area of marine ecological protection is not less than 2671.73 square kilometers; The border area of urban development is controlled within 1000.63 square kilometers; The use area of construction land per unit GDP decreased by not less than 40%; The retention rate of natural coastline on the mainland is not lower than the tasks assigned by the higher authorities, of which it will be not lower than 40.31% in 2025; The total water consumption shall not exceed the indicators issued by the higher authorities, including 2.80 billion cubic meters in 2025; Except for major national projects, reclamation is completely prohibited; Strictly manage uninhabited islands. Clarify the key prevention and control areas of natural disaster risks, delimit risk control lines such as floods and earthquakes, as well as green space system lines, water body protection lines, historical and cultural protection lines and infrastructure construction control lines, and implement safety guarantee spaces such as strategic mineral resources.Market information: The major shareholders of Hershey, an American chocolate manufacturer, will reject the takeover proposal of Yizi International, thinking that the other party's offer is too low.
By 2029, China will build about 10,000 superior specialties of traditional Chinese medicine. According to state administration of traditional chinese medicine, China will promote the construction of superior specialties of traditional Chinese medicine at different levels to further improve the clinical efficacy of traditional Chinese medicine. By 2029, the overall scale of superior specialties of traditional Chinese medicine will reach about 10,000. Recently, state administration of traditional chinese medicine issued opinions on accelerating the construction of superior specialties of traditional Chinese medicine, and put forward the requirements of strengthening the planning and layout of superior specialties of traditional Chinese medicine and promoting the construction of superior clusters of traditional Chinese medicine. (CCTV News)Treasury futures turned green for 30 years, and treasury futures turned down. The 30-year main contracts turned green and fell by 0.03% to 116.94. The 10-year main contract was reported at 108.17, and the increase narrowed to 0.02%.Schlegel, Governor of the Swiss National Bank: We will continue to monitor inflationary pressure and adjust monetary policy to maintain price stability if necessary. Without today's interest rate cut, inflation expectations would be lower. The uncertainty of the future inflation path is still high. The medium-term inflationary pressure has dropped significantly.
The 2.53 billion shares held by Greenland Group have been frozen. According to the legal litigation information of Tianyancha, recently, Guangxi Construction Engineering Group Co., Ltd. added a piece of information on the freezing of shares. The executor is Greenland Holding Group Co., Ltd., and the amount of frozen shares is about 2.53 billion RMB. The freezing period is from December 9, 2024 to December 8, 2027. The enforcement court is Wanzhou District People's Court in Chongqing.IEA Monthly Report: The daily output of the refinery will reach the annual peak of 84.3 million barrels in December. It is estimated that in 2024, the daily output of the refinery will increase by 520,000 barrels to an average of 82.7 million barrels per day. It is estimated that in 2025, the daily output of refineries will increase by 620,000 barrels to an average of 83.3 million barrels per day.IEA Monthly Report: Despite the rising demand, the oil market will be fully supplied in 2025. The International Energy Agency (IEA) said on Thursday that although OPEC+extended the reduction of oil supply and the demand forecast was slightly higher than expected, the global oil market will be fully supplied in 2025. In its monthly oil market report, the agency said that its forecast of global oil demand growth in 2025 was raised from 990,000 barrels per day last month to 1.1 million barrels per day, "mainly from Asian countries, especially affected by China's recent stimulus measures".