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China's trade account in November was 97.44 billion yuan in US dollars, with an expected 93.5 billion yuan and a previous value of 95.72 billion yuan.Spot silver exceeded $32/oz, up 0.54% in the day.Yi Yatong once again won the bid for the service project of the supplier of the material supply platform of China Post Group Co., Ltd., and recently, Yi Yatong won the bid for the service project of the supplier of the material supply platform of China Post Group Co., Ltd. again. The winning categories in this project include 60 categories and 628 subcategories of commodities and related services such as grain and oil seasoning, kitchen and bathroom appliances, cleaning products, office equipment, home textile products and daily necessities; The service scope is China Post Group Co., Ltd. and its subordinate institutions at all levels, including the headquarters of the group company, branches in all provinces (including autonomous regions and municipalities directly under the Central Government), delivery departments, holding subsidiaries, directly affiliated units and their internal or subordinate branches at all levels.

Liang Zhonghua of Haitong Securities: The general direction of "positive" macro policy in 2025 has been determined, and the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on December 9 to analyze and study the economic work in 2025. Liang Zhonghua, chief macro analyst of Haitong Securities, said that judging from the statement of the meeting, the general direction of "positive" macro policy in 2025 is certain. Among them, "supernormal countercyclical adjustment" was put forward for the first time. Liang Zhonghua analyzed that "supernormal adjustment" may be different from QE (quantitative easing) in western countries, but refers to a traditional tool that has grown steadily in the past few years, making a breakthrough on the margin and playing the role of "keeping innovation" and "enriching and perfecting the policy toolbox". Judging from the policies that have been issued since September, this round of steady growth is a steady growth under the framework of "high quality". The high-quality framework will not change, and there will be no strong stimulation of flood irrigation. The meeting proposed to "implement a more active fiscal policy and a moderately loose monetary policy". Liang Zhonghua believes that next year's finance is expected to make further marginal efforts. It is expected that deficit ratio may improve. At present, 3.5%-4.0% is more likely, and the scale of special bonds may be marginally increased. Special government bonds supporting "duality" and "two innovations" will continue to be issued or increased. In addition, the debt-melting policy launched in November will also be the financial focus next year, and it is expected that special government bonds may be issued to supplement bank capital. In addition, the gradual interest rate cut will continue next year, and the structural monetary policy will continue to exert its strength. The meeting stressed that "it is necessary to vigorously boost consumption, improve investment efficiency, and expand domestic demand in all directions." In this regard, Liang Zhonghua believes that compared with Politburo meeting of the Chinese Communist Party's statement of "expanding domestic demand with the focus on boosting consumption" in July, this meeting pays more attention to expanding domestic demand, and its support is expected to be further increased in the future. Since the beginning of this year, with the extra-long special national debt funds in place, the consumption of consumer goods trade-in policy has gradually emerged. There is still room for further efforts to expand domestic demand policies such as replacing old consumer goods with new ones next year. Liang Zhonghua also mentioned that this meeting clearly put forward "stabilizing the property market and stock market", which shows that the policy pays high attention to the property market and stock market. As an important signal to pay attention to the economy and expectations, the policies of the property market and stock market are also positive.Easyhome: It spent 19,443,600 yuan to buy back shares, with the highest transaction price of 3.26 yuan/share. On December 9, Easyhome announced that the company would buy back shares by centralized bidding for the first time through the special securities account for share repurchase, with 6,012,800 shares repurchased, accounting for 0.10% of the company's total share capital, with the highest transaction price of 3.26 yuan/share and the lowest transaction price of 3.26 yuan/share.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.

Henan: The average interest rate of newly issued private enterprise loans in the first 10 months was 3.82%. The Henan Financial Supervision Bureau released the latest progress in guiding financial institutions to increase financial support for the private economy today. According to the Henan Financial Supervision Bureau, at the end of October, the number of private enterprise loans in the province reached 3,519,700, with a balance of 2.42 trillion yuan, of which 55.75% of the newly issued corporate loans were invested in private enterprises. In the first 10 months of this year, the average interest rate of new private enterprise loans was 3.82%, which was 0.46 percentage points lower than that at the beginning of the year. In the next stage, Henan Financial Supervision Bureau will give full play to the role of supervision "baton", effectively promote the operation of coordination mechanism, continuously increase the inclination of financial resources, and strive to achieve a new improvement in the financial service level of private economy.General Administration of Customs: In the first 11 months, automobile exports were 762.97 billion yuan, up by 16.9%. According to the data of General Administration of Customs, in the first 11 months, China exported 13.7 trillion yuan of mechanical and electrical products, up by 8.4%, accounting for 59.5% of China's total export value. Among them, automatic data processing equipment and its parts and components were 1.33 trillion yuan, an increase of 11.4%; 1.03 trillion yuan of integrated circuits, up by 20.3%; Mobile phones reached 874.45 billion yuan, down by 0.9%; Automobile was 762.97 billion yuan, up by 16.9%. In the same period, the export of labor products was 3.84 trillion yuan, an increase of 3.2%, accounting for 16.7%. Among them, clothing and clothing accessories were 1.03 trillion yuan, an increase of 0.9%; Textiles were 915.96 billion yuan, up 6%; Plastic products reached 681.09 billion yuan, up 6.9%. The export of agricultural products was 657.34 billion yuan, up by 4.6%. (General Administration of Customs)Wu Yingjie, former member of the 14th Chinese People's Political Consultative Conference Standing Committee and former director of the Culture, Literature, History and Learning Committee, was expelled from the Party and public office for serious violation of discipline and law, and Wu Yingjie, former member of the 14th Chinese People's Political Consultative Conference Standing Committee and former director of the Culture, Literature, History and Learning Committee, was expelled from the Party and public office for serious violation of discipline and law. (CCTV News)