The yield of China's 10-year government bonds hit the 1.88% mark, hitting a new low.Wuhan Economic Development Zone signed a cooperation agreement with Fuao Co., Ltd., and on December 9, Wuhan Economic Development Zone signed a cooperation agreement with Fuao Auto Parts Co., Ltd. Fuao shares are laid out in Wuhan for the first time, and an automobile thermal management system project will be built in Wuhan Economic Development Zone to help transform and upgrade Wuhan auto parts industry. It is reported that Fuao's automobile thermal management system project is located in Junshan New City, mainly producing automobile air conditioning boxes and other products. The project will start in April next year and reach production in 2026. At present, Fuao Co., Ltd. has established a Wuhan branch in Wuhan Economic Development Zone. In the future, the two sides will actively promote the landing of Fuao Huazhong Base, and introduce more business sectors such as chassis system, thermal management system and new energy products to provide near-ground support for complete vehicle enterprises in Wuhan Economic Development Zone such as Lantu Automobile. (Hubei Daily)South Korea's Seoul composite index rose to 2%, and South Korea's KOSDAQ index rose by nearly 4%.
Xiaoyu Zhizao, Xiaomi's first furniture model company, completed a round of financing of 100 million yuan, and Beijing Xiaoyu Zhizao Technology Co., Ltd. (hereinafter referred to as Xiaoyu Zhizao), the first large model robot company invested by Xiaomi, completed a round of financing of 100 million yuan. This round of financing is exclusively invested by Beijing Information Industry Development Investment Fund. This is the second time that Xiaoyu Zhizao has received billion-dollar financing after Angel Wheel received billion-dollar investment from Xiaomi Group, Professor Wang Tianmiao and Beijing Zhiyuan Research Institute. Xiaoyu Zhizao was founded by the core founding team of Xiaomi Group in 2023, focusing on the development of large-scale model robot technology suitable for industrial fields, and has developed the "Xiaoyu Brain" universal robot brain, which enables robots to perform various tasks in the industrial environment. (science and technology innovation board Daily)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' Outlook for OpenAI Release: The commercialization of AI will accelerate again. According to CITIC Securities Research Report, according to its official website, OpenAI announced that it will announce new products and functions for 12 consecutive working days from December 5th. At present, the official version of o1, ChatGPT Pro, enhanced fine-tuning and other functions have been released. We expect that the main directions of subsequent release will include multimodal, Agent and platform tools, AI applications, etc. The main products will include the foresight of important products such as Sora and Operator. At present, the rapid prosperity of model ecology, considering the upgrading of model capabilities and the lowering of industrialization threshold, combined with the application landing forms such as Agent, we expect that the landing of AI applications will continue to accelerate in 2025.
CITIC Securities: Scientific and Technological Progress+Policy Expectation The Internet sector is both offensive and defensive. According to CITIC Securities Research Report, the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting on December 9, 2024 pointed out that a more active fiscal policy and a moderately loose monetary policy should be implemented next year, and consumption should be greatly boosted, investment efficiency should be improved, and domestic demand should be expanded in all directions. We believe that the valuation of the Internet sector has reflected the current conservative expectations, and the strong shareholder returns provide sufficient margin of safety, while the performance of the sector is expected to benefit significantly from the macro improvement, which will bring about a double-click on performance and valuation, with emphasis on recommending pro-cyclical sectors, such as e-commerce, local life, travel, freight, online recruitment, real estate service platforms, etc. Content-based companies focus on the pace of quality content supply and valuation improvement. In the long run, Internet companies lead domestic technological innovation, and artificial intelligence and autonomous driving are expected to contribute to the increase. We suggest focusing on leading Internet companies with pro-cyclical, stable competitive advantage, low valuation and stable shareholder returns.CITIC Securities: Scientific and Technological Progress+Policy Expectation The Internet sector is both offensive and defensive. According to CITIC Securities Research Report, the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting on December 9, 2024 pointed out that a more active fiscal policy and a moderately loose monetary policy should be implemented next year, and consumption should be greatly boosted, investment efficiency should be improved, and domestic demand should be expanded in all directions. We believe that the valuation of the Internet sector has reflected the current conservative expectations, and the strong shareholder returns provide sufficient margin of safety, while the performance of the sector is expected to benefit significantly from the macro improvement, which will bring about a double-click on performance and valuation, with emphasis on recommending pro-cyclical sectors, such as e-commerce, local life, travel, freight, online recruitment, real estate service platforms, etc. Content-based companies focus on the pace of quality content supply and valuation improvement. In the long run, Internet companies lead domestic technological innovation, and artificial intelligence and autonomous driving are expected to contribute to the increase. We suggest focusing on leading Internet companies with pro-cyclical, stable competitive advantage, low valuation and stable shareholder returns.The weighted share price index of Taiwan Stock Exchange opened 0.2% lower at 23,228.26.
Strategy guide 12-13
Strategy guide
Strategy guide
Strategy guide
12-13
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
Strategy guide 12-13