The strength of the policy is in line with expectations. The New Year's market may have started, and the Shanghai and Shenzhen 300ETF South (159925) can be used as a key layout. On December 13th, as of midday, the Shanghai and Shenzhen 300ETF South (159925) fell by 2%, with a turnover of 115 million yuan. The constituent stocks are mixed, and in terms of rising, Yangtze Power leads the rise; In terms of decline, Zijin Mining led the decline. In the news, from December 11th to 12th, the Central Economic Work Conference was held in Beijing, which made a systematic plan for next year's economic work. Regarding the highlights of the meeting, CITIC Jiantou said that the meeting of the Central Economic Work Conference continued the main tone of the Politburo meeting on Monday, and made systematic arrangements for economic work next year. Next year's policy will focus on expanding domestic demand and AI+ in an all-round way, and the policy strength and direction are in line with our expectations. With the support of policy expectation and liquidity, the current new year's market has been launched, and it is expected that the market will continue to show the characteristics of shock upward. Focus on industries: non-bank finance, real estate chain, consumer electronics, machinery, construction, building materials, steel, social services, catering chain, etc. Topics of concern: duality and innovation, supply-side optimization, new quality productivity, market value management of state-owned enterprises. You can use the Shanghai and Shenzhen 300ETF South (159925) to lay out the core assets with one click.Hezhou, Guangxi: It is planned to resume accepting applications for individual housing provident fund loans such as newly-built single-family commercial houses and townhouses. The Hezhou Housing Provident Fund Management Center of Guangxi Zhuang Autonomous Region issued an announcement on publicly soliciting opinions on the Notice on Adjusting the Use Policy of Housing Provident Fund in this Municipality (draft for comments). The document also requires that the proportion and number of housing provident fund loans be optimized. The minimum down payment ratio for the first and second sets of housing provident fund loans is not less than 20%. The number of housing units applying for housing provident fund loans is determined according to the number of housing units of the applicant's family in the place of purchase (Babu District, Pinggui District, Zhongshan County, fuchuan county and Zhaoping County). Increase efforts to support the purchase of houses in different places and withdraw housing provident fund. Cancel the restrictions on the residence registration and work place for purchasing houses in different places. If the depositor of the housing provident fund in this city purchases self-occupied houses in different places, and the purchase time is within two years from the date of issuance of this notice, he may apply for the purchase of houses and withdraw the housing provident fund, and the total withdrawal amount shall not exceed the purchase price paid. If you have applied for a house purchase loan and repaid it for one year, you can apply for withdrawing the housing provident fund to repay the housing loan. The document also proposes to resume accepting applications for individual housing provident fund loans for newly-built single-family commercial houses, townhouses with low floors, townhouses with multi-floors and non-standard duplex houses.Huatai Securities: The countercyclical adjustment is stronger than expected, and the expansion of domestic demand may fall on the policy of boosting consumption. Huatai Securities believes that the macro-policy orientation conveyed by the Central Economic Work Conference is more positive, in fiscal policy (expanding deficit, increasing special national debt, expanding the use scope of special debt, etc.), monetary policy (moderately easing, timely lowering the RRR and cutting interest rates), real estate and capital market (stabilizing the property market and stock market), and expanding domestic demand policy (implementing special actions to boost consumption) In terms of currency securities, Huatai Securities believes that there is still room for interest rate cuts. On the one hand, the current real interest rate level is still high in horizontal comparison; On the other hand, credit expansion, especially the balance sheet expansion of developers and local governments, is relatively weak, and the cost of capital has room for further decline. It is expected that the central bank will cut interest rates by 30-50 basis points next year, but the pace may be affected by external changes and exchange rates.
Ralph Lauren's trademark infringement case was a foregone conclusion at the end of 8 years, and the infringer paid a maximum of 20 million yuan. Ralph Lauren's trademark infringement dispute case, which lasted for nearly 8 years, finally came to a foregone conclusion. Shanghai Intellectual Property Court recently made a first-instance civil judgment on a series of trademark infringement cases in which Polo/Lauren Co., Ltd., Ralph Lauren Asia Pacific Co., Ltd. and Ralph Lauren Trading (Shanghai) Co., Ltd. jointly sued Shanghai Ruifa Clothing Co., Ltd., Qingyuan Huahao Zhibai Leather Clothing Products Co., Ltd., Guangzhou Huahao Industry Co., Ltd. and luoding city Yasi Clothing Co., Ltd. The court ruled that the defendant's use of "Polo", "Polo Sport", "Polo Gear" and "polo sport" constituted trademark infringement, and must immediately stop all infringement activities, including the use of similar trademarks and the sale of goods with similar trademarks, and pay a total of 20 million yuan in compensation. Compared with the previous administrative judgment that the infringing trademark is invalid, the significance of this civil judgment is that it has mandatory force to require the shops and other channels suspected of infringement to stop operating, and the total compensation of 20 million yuan is far higher than the legal compensation amount of 5 million yuan stipulated in the trademark law, which is one of the cases that have obtained the highest compensation in China's trademark infringement cases. (Interface News)EDI SUSIANTO, Executive Director of the Bank of Indonesia: The decline of the Indonesian rupiah was affected by global sentiment and the rise of the US dollar.Turkish regulators will block access to dozens of cryptocurrency exchanges.
Zhaochi Co., Ltd. invested in the business of optical communication equipment in the newly established technology company. According to the enterprise investigation APP, recently, Shanghai Jiashibai Technology Co., Ltd. was established, with the legal representative of Gu Wei and the registered capital of 20 million yuan. Its business scope includes: optical communication equipment manufacturing; Sales of optical communication equipment; Manufacturing of digital video monitoring system; Digital video monitoring system sales, etc. Enterprise survey shows that the company is wholly owned by Shenzhen Zhaochi Digital Technology Co., Ltd., a subsidiary of Zhaochi Co., Ltd.Hong Kong Securities Regulatory Commission: The quarterly loss from July to September narrowed sharply year-on-year, with a net inflow of 664.3 billion yuan from Hong Kong Stock Connect so far this year.Scientific and technological innovation leads the high-quality development of the economy, and the 100tf (588,190) of Science and Technology Innovation may meet the layout window period. By midday on December 13th, the 100tf (588,190) of Science and Technology Innovation had fallen by 2.08%, with a turnover of 181 million yuan. The constituent stocks are mixed. In terms of rising, Alice led the rise, and Hengxuan Technology followed suit. In terms of decline, Guo Dun Quantum led the decline, while Core Source followed slightly. In the news, from December 11th to 12th, the Central Economic Work Conference was held in Beijing, which made a systematic plan for next year's economic work. Regarding the highlights of the conference, CITIC Jiantou said that "scientific and technological innovation" ranked first in the ranking of key tasks last year, and it was divided into independent segments and listed a number of emerging technologies, industries and tracks in a large space. This year's science and technology-related expressions focus on "artificial intelligence+",and we expect "AI+" to be the core variety of future science and technology themes. In addition, scientific and technological innovation is in the big paragraph of "new quality productivity" this year, ranking second in all key tasks. Wanlian Securities said that scientific and technological innovation is the vanguard to lead the high-quality economic development, and it is also the only way for the transformation and upgrading of traditional industries, emerging industries and future industries to grow and develop.