my141319

#BabyMarvinf9c7火星狗
The single-day issuance scale exceeded 100 billion yuan, and the local 2 trillion yuan debt reduction ushered in a small peak. First Financial Daily 2024/11/22 18:01 The 6 trillion yuan local government bond replacement of implicit debt ushered in the first small issuance peak. According to data from the China Bond Information Network, on November 22, Jiangsu, Qingdao and Dalian issued a total of 144.6 billion yuan of local government refinancing special bonds to replace existing implicit debts. This is also the first single-day issuance scale of over 100 billion yuan since the Standing Committee of the National People's Congress approved the addition of 6 trillion yuan of local government debt limits to replace existing implicit debts on November 8. This also means that the above-mentioned refinancing special bonds for replacing existing implicit debts have ushered in an issuance peak. As of 4 pm on November 22, a total of 13 places disclosed that they would issue a total of about 853.8 billion yuan of local government refinancing special bonds before the 29th (inclusive) to replace existing implicit debts, of which the issuance scale on the 26th, 28th and 29th exceeded 100 billion yuan. According to the Ministry of Finance's plan, by the end of this year, local governments will issue a total of 2 trillion yuan of local government refinancing special bonds to replace existing hidden debts. More local governments will disclose relevant bond issuance information in the future. With 2 trillion yuan of the above 6 trillion yuan debt reduction quota being intensively implemented in more than a month, many financial and tax experts told Caixin that at the current time when local fiscal revenue and expenditure are in great conflict, this obviously solves the "urgent need" of local governments and greatly reduces the current debt reduction pressure of local governments. It can free up more funds and energy to protect people's livelihood and promote economic development, which will help achieve the expected economic growth this year. Previously, due to various factors, local governments illegally and irregularly raised debts in addition to statutory debts, forming huge hidden debts, which aroused the central government's vigilance. According to the central deployment, from 2018 to 2028, local governments need to basically repay the previously formed hidden debts to resolve potential debt risks. After years of debt reduction, as of the end of 2023, the balance of local government hidden debts was 14.3 trillion yuan. This also means that local governments will have to repay 14.3 trillion yuan of hidden debts from 2024 to 2028. At a time when the economic downward pressure is relatively large and the contradiction between fiscal revenue and expenditure is relatively large, local governments are under great pressure to repay debts. For this reason, the central government has stepped in to help local governments repay debts. One of the major measures is to allow local governments to issue 2 trillion yuan of local government refinancing special bonds each year from 2024 to 2026, raising a total of 600 million yuan to repay the above-mentioned 6 trillion yuan of hidden debts, thereby alleviating the current pressure on local governments to repay debts and reduce interest expenses, allowing local governments to free up 6 trillion yuan of funds originally used for debt repayment to improve people's livelihood, support investment and consumption, scientific and technological innovation, and promote stable economic growth and structural adjustment.After the Standing Committee of the National People's Congress approved the above-mentioned 6 trillion yuan debt reduction proposal on November 8, the Ministry of Finance issued the 6 trillion yuan debt limit to various places on November 9. In the 10 days from November 12 to November 22, 13 places including Henan, Guizhou, and Jiangsu disclosed documents on issuing special refinancing bonds to replace implicit debts, with a total bond issuance scale of about 853.8 billion yuan. In the future, other places will continue to take over and complete the 2 trillion yuan bond issuance task by the end of the year. At present, except for Guangdong and Beijing, which have publicly announced that their local hidden debts have been "cleared", other provinces are expected to obtain the above-mentioned 6 trillion yuan refinancing special bonds to replace hidden debts. How is this quota allocated? According to the recent disclosure of the National People's Congress website (Explanation on the proposal to review the increase in the local government debt limit to replace the existing hidden debt), the above-mentioned 6 trillion yuan debt reduction quota is allocated in one go to stabilize policy expectations. According to the scale of local government hidden debts and in accordance with the national unified proportion, the local government debt limit is allocated to reflect policy fairness and form a stable debt reduction expectation.

Breaking: 78-year-old grandmother plans to reduce holdings of 250 million shares worth 1.3 billion yuan! Has the A-share bull market ended? On 2024/11/21 08:00, finance expert from Beijing, 78-year-old grandmother Tian Xiuying has made big news! Youliao Finance noticed that the listed company Junzheng Group announced that its third-largest shareholder, Tian Xiuying, plans to reduce her holdings of no more than 253 million shares from December 12, 2024, to March 12, 2025, accounting for 3% of the total shares of Junzheng Group. According to the latest closing price, the cash amount from the stock reduction by the 78-year-old grandmother could reach as high as 1.3 billion yuan! Youliao Finance reviewed the listed company's announcement, and the shareholder information shows: Tian Xiuying, female, born in 1946, 78 years old this year, Chinese nationality, without foreign permanent residence. #Winter life check-in season##Finance##Li Daxiao: Letting retail investors make money is the real bull market##Youliao Finance evaluates hot topics##Ren Zeping: The A-shares are not matched with the scale of our economy#Author: Xiaotian【Youliao Finance】In her 17-year journey of holding shares in Junzheng Group, the septuagenarian Tian Xiuying has witnessed countless fluctuations in the stock market and the changes of the times. Her investment decision has sparked discussions among investors, and such a large-scale stock reduction plan has attracted widespread attention and many speculations in the market. 17 years is a period long enough to witness a company's journey from inception to growth. During this time, Junzheng Group may have experienced industry ups and downs, and market fluctuations, while Tian Xiuying has always held her shares. However, times have changed, and now she has made the decision to reduce her holdings, raising questions about the reasons behind it. Has her expectation for the company's future development changed? Is it a need for personal financial planning? Or is it influenced by market conditions? Regardless, this reduction plan will undoubtedly have a certain impact on Junzheng Group's stock price and market confidence. For many investors, Tian Xiuying's reduction action is like a signal. Fund companies, securities investment institutions, and A-share investors who have long focused on Junzheng Group must reassess their investment strategies. We need to reanalyze the company's financial status, operational performance, and future development plans to determine whether Tian Xiuying's reduction of stock on that day is an isolated case or indicates a larger stock market adjustment crisis. For Junzheng Group itself, this is also a critical moment. The company's management needs to actively respond, strengthen communication with investors, clearly explain the company's strategic layout and development prospects to stabilize market confidence. At the same time, they should also reflect on their own operational strategy, whether it can continue to create value for shareholders, to meet the challenges that may arise from possible equity changes. On the stage of the capital market, such stories are constantly unfolding.

#BabyMarvinf9c7火星狗
Holding 30 trillion, the foreign capital most daring to bet on A-shares is still frantically increasing its positions in the new tea beverage industry trends, understanding the new product information of various brands.
Over the past two years, a large foreign capital army has emerged from Beijing, consistently bullish regardless of whether A-shares rise or fall, and has now become an undeniable new force in the market.
It is the sovereign wealth funds from the Middle East. 01 The more they fall, the more they buy. According to statistics from the global sovereign wealth fund data platform Global SWF, in 2023 alone, sovereign wealth funds from GCC countries such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE made a total of $2.3 billion in direct investments and acquisitions in China, compared to just $100 million in 2022. As we enter 2024, Middle Eastern capital continues to buy more as domestic capital markets face downward pressure.

#BabyMarvinf9c7火星狗
Chinese assets rose across the board late at night, and Bitcoin set a new historical high! The European Central Bank issued a warning.
On the evening of November 20 Beijing time, the price of Bitcoin broke through $94,000 for the first time, setting a new historical high again. As of 22:50, it was reported at $94,612, up 3.91% for the day. Stimulated by this, US stock cryptocurrency concept stocks surged across the board.
Tonight, the global market is about to迎来 the highly anticipated 'Nvidia Moment'. In the early hours of Thursday Beijing time, Nvidia will disclose its third-quarter earnings report, which may become an important 'barometer' for the subsequent trend of US stocks.

#BabyMarvinf9c7火星狗
A 94% drop, 9,000 layoffs! China’s automotive rival has collapsed. Financial Talk 2024/11/19 14:52 Financial Business Observer from Beijing. In the fierce competition of the global automotive industry, the profit myth of Japanese car manufacturers is gradually fading, reflecting the surging tide of the new energy era. The rise of Chinese new energy vehicles is quietly changing the landscape of the global automotive industry, and the continuous retreat of Japanese car manufacturers is a vivid portrayal of this transformation. Under the wave of new energy, the decline in profits of Japanese car manufacturers is not accidental, but rather an inevitable result of their hesitation and self-disruption in the face of new technologies and new markets. Author: Yang Rui Recently, Japanese car manufacturers released their financial reports for the first half of the fiscal year. Notably, the profits of five well-known Japanese car manufacturers have all declined, with Nissan, which has over 130,000 employees worldwide, suffering a staggering 94% drop in profits. ▲ Image source: China Youth Network Once, Japanese cars had a stable market globally and never worried about sales. In just a few years, Japanese car manufacturers collectively descended from their pedestal, and the reasons behind the sharp drop in profits are worth examining. The rise of new energy electric vehicles is one of the important reasons for the dramatic decline in profits of Japanese car manufacturers. Facing fierce competition in the Chinese market, Japanese car manufacturers are retreating step by step. In 2020, the market share of Japanese cars in China exceeded 24%, but by 2024 it has fallen below 12%. Even more alarming is that, based on current trends, the market share of Japanese cars in China will continue to decline. On the other hand, BYD has become the leader in China's automotive industry. In October of this year, BYD's monthly sales exceeded 500,000 units, meaning that for every three new energy vehicles sold in China, one is BYD. It is not an exaggeration to say that most of the market share lost by Japanese car manufacturers in China has been taken by BYD. A 94% drop, 9,000 layoffs! Nissan's financial report for the first half of this year shows that the profits of five Japanese car manufacturers—Toyota, Honda, Nissan, Mitsubishi, and Mazda—have all declined. Among them, Toyota’s net profit dropped by 26.4%, while Nissan’s net profit plummeted by 94%. Why did Nissan’s profits plummet so drastically? Increased competition in the automotive market and declining sales in the Chinese market have led to a significant drop in Nissan's profits for the first half of the fiscal year. It is worth mentioning that this is the first time that Japan's largest car manufacturer, Toyota, has experienced a decline in profits for the first half of the fiscal year. Can all of this be blamed solely on the strengthening of Chinese cars? The strengthening of Chinese cars is just an external factor. The internal factors, such as Japanese car manufacturers’ self-disruption, fraud, and indecisiveness, have greatly accelerated the collapse of their profits. Not long ago, in June of this year, many Japanese car manufacturers, including Toyota, Mazda, and Nissan, were exposed for serious violations and fraudulent activities during the mass production certification application process. To reduce costs, some models from these Japanese car manufacturers submitted false data during certification testing. After the fraud scandal was exposed, these Japanese car manufacturers not only had to stop producing and selling the involved models but also had to spend heavily on rectification, which truly backfired. Instead of saving costs, they suffered a significant decline in sales and profits due to the negative news.

#BabyMarvinf9c7火星狗
A familiar scene from Chinese history is playing out in the U.S., where the meritorious Musk is being 'killed after the millstone is removed'. Dramatic events are never lacking on the American political stage; a familiar scene from Chinese history has recently unfolded in their country. Let's take a look at what kind of story it is!
As is well known, Musk played a significant role in Trump's victory; he not only provided funding and support but also put in tremendous effort, personally campaigning for Trump. Fortunately, Trump is also a man of his word; after the election success, he rewarded Musk with a ministerial position, overseeing institutional efficiency and optimization, making him quite influential, with some even calling Musk the shadow president.

#BabyMarvinf9c7火星狗
Optimize 70% of government employees, cut $2 trillion in spending? Musk must first overcome these three major challenges.
Will Musk's 'Department of Government Efficiency' generate love or gain real power? Key points: 1. After being elected president, Trump appointed Musk and Ramaswamy to lead the upcoming 'Department of Government Efficiency' (DOGE) as promised, claiming that this department would help him achieve his campaign promise of significantly cutting government spending and eliminating the 'deep state.' In reality, this department is merely an advisory committee providing recommendations and planning to the president and the White House regarding the reduction of government size and expenditures. How this committee will operate under the new government leadership, and the actual role and influence of the proposed plans and suggestions, remains to be seen. 2. The 'Department of Government Efficiency' first faces three major challenges: the reforms it wishes to promote still require approval from the U.S. Congress; otherwise, Trump and Musk will need to find alternative routes and face the risk of legal litigation; Musk's unique position with his companies may bring legal issues to the 'Department of Government Efficiency'; and there are currently no conclusions regarding the department's budget, personnel, and work arrangements. 3. The proposal to 'cut $2 trillion in government spending' put forth by the 'Department of Government Efficiency' is likely difficult to achieve, as the Democratic Party and the Department of Justice will become obstacles in the decision-making process. Trump and Musk cannot overly interfere in Congress's financial decision-making process. They also face three tough nuts to crack in the American political minefield: elderly healthcare, Medicaid, and Social Security. If Trump cannot truly shake up the federal government's expenditure system, the national fiscal deficit issue may become more prominent. Author: Wang Haolan, an observer in the U.S. Editor: Song Dongze, Zhuang Wenwei. On November 12, U.S. time, just elected as President of the United States and organizing his cabinet, Trump confirmed through social media that he had promised a 'Department of Government Efficiency' led by the world's richest man, Musk, which would officially be 'established.' This new 'department' aims to comprehensively reform American government spending and the civil service system, jointly led by Musk and another wealthy supporter of Trump, Ramaswamy, who participated in the 2024 Republican presidential primary. The idea of Trump's team establishing a dedicated 'Department of Government Efficiency' to clean up the bureaucratic system and optimize the structure of the U.S. government was inspired by Argentine President Milei, who established a government reform department after taking office last year and significantly reduced the number of government departments and employees. Musk publicly called on the U.S. to pursue similar reforms to eliminate the 'deep state' that hinders progress and control federal government spending levels. Meanwhile, Musk, who invented the concept of the 'Department of Government Efficiency' (DOGE), is likely also promoting this government concept department so vigorously due to his unwavering support for the cryptocurrency 'Dogecoin' of the same name.

#BabyMarvinf9c7火星狗 Shocking the world! A one-day loss of billions, the protagonist of the 'Century's Great Liquidation' will be sentenced Securities Times 2024/11/18 00:29 The protagonist of the 'Century's Great Liquidation' case, Archegos Capital founder Bill Hwang, will be sentenced on November 20.
The case's prosecutors claimed that Bill Hwang should be sentenced to 21 years. A loss of billions leading to a 21-year sentence? According to documents submitted to the court by the Manhattan U.S. Attorney's Office on November 15, the founder of Archegos Capital, Bill Hwang, was found guilty of manipulating the securities market and other charges, which not only caused his company to lose $36 billion (approximately 260 billion yuan) but also resulted in losses of over $10 billion (approximately 72 billion yuan) for the company's lenders.

#BabyMarvin合约地址F9C7
It’s late at night, let me share 3 key points! Those who are fully invested are crying again! Is the bull market over? It may be repaired next week...
1. Most people do not participate in A-shares with an investment mindset. In October, when the speculators were doing badly, we were not jealous of others. Xiaofan and his fans were ridiculed by them for not knowing how to speculate in stocks. After all, the index did not rise in October. Good companies, blue-chip stocks, and blue-chip stocks did not rise. Profits and losses come from the same source. If you like the daily limit, you must also accept that there will be a daily limit. After the hottest day, there will be a coldest day. Xiaofan does not know how to speculate in stocks by watching the market. We are left-side value investing. We don’t need everyone to see that now I have even temporarily closed my stock account because I am afraid that I can’t control my hands in October and my heart is unstable. We believe that there will be a bull market in the future. Just continue to hold the index at the beginning of the bull market.

#BabyMarvin合约地址F9C7
Musk committed a big mistake, or was he abandoned by Trump in advance? Trump was re-elected as the US president, and the role of billionaire Musk in this is self-evident.
From generous donations to social media campaigns, Musk has almost become the hero behind Trump's victory. However, as the trumpet of victory sounded, Musk seemed to be a little "overconfident" and began to frequently intervene in the decision-making process of the new government, even acting like a "co-president" on some occasions. Will such high-profile words and deeds make Trump abandon this former ally in advance?

#BabyMarvin合约地址F9C7
On November 15, the central parity rate of the RMB against the US dollar continued to depreciate from the previous trading day to 7.1992 yuan per US dollar, the lowest value since September 11, 2023.
Zhang Di, a macroeconomic analyst at China Galaxy Securities, pointed out that in the short term, the critical position of the RMB exchange rate against the US dollar may be around 7.30.
If it comes to this position, the People's Bank of China may take counter-cyclical adjustment actions, resolutely correct pro-cyclical behavior, prevent the market's unilateral expectations from self-reinforcing, and keep the RMB exchange rate basically stable. The central parity rate hit a 14-month low. On November 6, after the Republican presidential candidate Trump won the 2024 presidential election, the US dollar index rose 1.92% to 105 points.