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Analyst: There may be a RRR cut of 50 basis points to 100 basis points next year. Tan Yiming, chief fixed income analyst of Minsheng Securities, said that there may be a RRR cut of 50 basis points to 100 basis points next year, considering the supply pressure of government bonds, the restoration of credit supply and the provision of long-term stable low-cost funds for financial institutions.Shenzhen Holdings: Auditor replacement: PricewaterhouseCoopers resigned and Ernst & Young took over. On December 10th, Shenzhen Holdings (00604.HK) announced that according to Rule 13.51(4) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, PricewaterhouseCoopers agreed to resign as the auditor of Shenzhen Holdings with effect from December 10th, 2024. At the same time, the board of directors of Shenzhen Holdings decided to appoint Ernst & Young as the new auditor of the company, which will also take effect from December 10, 2024 until the end of the next annual general meeting.China Automotive Power Battery Industry Innovation Alliance: In November, the sales volume of power batteries in China increased by 29.7% year-on-year. According to the monthly information of power batteries in November 2024 released by China Automotive Power Battery Industry Innovation Alliance, the sales volume of power batteries and other batteries in China was 118.3GWh in November, up by 7.2% month-on-month and 40.1% year-on-year. Among them, the sales volume of power batteries was 87.8GWh, accounting for 74.2% of the total sales volume, up 10.9% from the previous month and 29.7% from the same period last year. The sales volume of other batteries was 30.5GWh, accounting for 25.8% of the total sales volume, down 2.2% from the previous month and up 82.3% year-on-year. From January to November, the cumulative sales volume of power and other batteries in China was 914.3GWh, a cumulative year-on-year increase of 42.8%. Among them, the cumulative sales of power batteries was 692.3GWh, accounting for 75.7% of the total sales, with a cumulative year-on-year increase of 27.1%; The cumulative sales volume of other batteries was 222.0GWh, accounting for 24.3% of the total sales volume, with a cumulative year-on-year increase of 132.5%.

Ukrainian industrial sources: The attack on an oil depot in the Bryansk region of Russia did not affect the oil transportation to Europe via Ukraine.Monetary policy has turned to "moderate easing", and experts say that it is expected to make greater efforts to lower the RRR and cut interest rates. The the Political Bureau of the Communist Party of China (CPC) Central Committee meeting held on December 9 changed the orientation of monetary policy from "steady" to "moderate easing" next year. Experts said that under the orientation of "moderate easing", the monetary policy space was further opened. In terms of total amount, it is more reasonable and sufficient to maintain liquidity; In terms of price, appropriately reducing the financing cost will better reflect the effectiveness of monetary policy. Next year, even greater RRR cuts and interest rate cuts can be expected. In addition to lowering the RRR and cutting interest rates, experts said that structural monetary policy tools, buying government bonds, open market buyout reverse repurchase and other operations are expected to continue to expand the scale, increase the frequency of use, and continuously enhance the effectiveness and pertinence of monetary policy. (CSI)ZTE signed a strategic cooperation agreement with Daiyu and Midea Group. Recently, ZTE signed a strategic cooperation agreement with Daiyu and Midea Group in Chengdu. In the future, the two sides will carry out in-depth cooperation in VR space, AR application and MR interaction.

US Treasury Department: US Treasury Secretary Yellen expressed appreciation for the close communication between the Ministry of Economic Affairs of Korea and the United States after the recent events in South Korea.In November, the scale of wealth management exceeded expectations, and the scale of 14 wealth management companies increased by over 420 billion yuan. In November, the product scale of wealth management companies ushered in a general increase. According to the obtained data, in November, there were 6 state-owned wealth management companies and 8 joint-stock wealth management companies (CMB, Xingyin, Everbright, Xinyin, Ping 'an, Huaxia, Puyin and Minsheng), totaling 14 wealth management companies, with a survival scale of nearly 22.6 trillion yuan, an increase of more than 420 billion yuan compared with October, and the growth rate was slightly lower than the impact of capital backflow in October. (21st century business herald)Zhongjin Chongqing Liangjiang REIT is listed on the Shanghai Stock Exchange, and Zhongjin Chongqing Liangjiang REIT is listed on the Shanghai Stock Exchange. This is the first public offering REIT of state-owned enterprises in the west and the first industrial park REIT in the west. According to the data, the fund has 4 assets in the pool, all located in Chongqing Liangjiang Digital Economy Industrial Park, including Pisces Project, Gemini Project, Phoenix Project and Tuo D Phase I D2 Project, with a total construction area of about 243,700 square meters, and the operation of infrastructure assets is mature and stable. (CSI Taurus)