The interest rate of government bonds and government bonds has declined in an all-round way. In the past seven years, the CDB interest rate has dropped by 4bp, and the interest rate of government bonds and government bonds has declined in an all-round way. The interest rate of 10-year active bonds has dropped by 3.8bp to 1.867%, and the interest rate of 30-year active bonds has dropped by 3.1bp to 2.079%. In 7 years, the interest rate of CDB active bonds dropped by 4bp to 1.81%.Morgan Stanley published a research report that China's monetary policy changed from "prudent" to "moderately loose" to support market sentiment in 2025, and the real policy may focus on interest rate reform in 2025. Morgan Stanley said that the increased attention to reactivating the capital market should also help support market sentiment and keep the trading volume high in the short term. The bank also suggested that optimizing existing loans, more rational bank loan growth and interest rate reform may be the real focus in 2025. The bank believes that risk-based loan pricing may continue to recover, which will help to buffer the bank's net interest margin, even if some additional loan market quotations are lowered.Market News: South Korea's National Power Party discusses Yin Xiyue's stepping down in February or March.
Low-altitude economic concept stocks strengthened locally, with Guangyang shares and Rice Information up more than 6%, and Tianao Electronics, Wan Feng Aowei and Jindun shares up more than 5%.AI application-side concept stocks have been repeatedly sought after by Shensi Electronics with a daily limit of 20CM, and Shensi Electronics with a daily limit of 20CM. Before that, Tianyue Digital Branch went out of 7 days and 5 boards, which was worth buying, cool and smart, Huayang Lianzhong, Tuoersi, Yuncong Technology and Fushi Holdings all rose by more than 5%.Electric wind power set up a new company, including offshore wind turbine business. The enterprise search APP shows that recently, Shangdian Ruoqiang New Energy Co., Ltd. was established with Gao Xiang as its legal representative and registered capital of 1 million yuan. Its business scope includes: sales of new energy prime mover equipment; Sales of onshore wind turbines; Offshore wind turbine sales, etc. Enterprise equity penetration shows that the company is wholly owned by Electric Wind Power.
Philippine imports increased by 11.2% year-on-year in October, while exports decreased by 5.5% year-on-year.The tourism and hotel sectors fluctuated actively, with the daily limit of Tongqinglou, Xi 'an Restaurant and BTG Hotel, and Jinjiang Hotel, Tianmu Lake, Xi 'an Tourism and Quanjude rising.General Administration of Customs: In the first 11 months, the import and export of private enterprises was 21.99 trillion yuan, accounting for 55.3% of China's total foreign trade. According to the data of the General Administration of Customs, in the first 11 months, the import and export of private enterprises was 21.99 trillion yuan, up 8.7%, accounting for 55.3% of China's total foreign trade, up 2 percentage points over the same period last year. Among them, the export was 14.86 trillion yuan, up 9.2%, accounting for 64.5% of China's total export value; Imports amounted to 7.13 trillion yuan, up 7.9%, accounting for 42.6% of China's total import value. In the same period, the import and export of foreign-invested enterprises reached 11.67 trillion yuan, up by 1.1%, accounting for 29.3% of China's total foreign trade. Among them, exports were 6.36 trillion yuan, an increase of 2.1%; Imports reached 5.31 trillion yuan, down 0.1%. The import and export of state-owned enterprises was 6.04 trillion yuan, down 0.7%, accounting for 15.2% of China's total foreign trade. Among them, the export was 1.79 trillion yuan, an increase of 3.9%; Imports were 4.25 trillion yuan, down 2.5%. (General Administration of Customs)