what is cbdc Top

Guangdong: In the next five years, 10 billion yuan will be invested to support the development of the tourism industry. On December 12th, a site meeting was held to promote the implementation of the spirit of the provincial tourism development conference in Guangdong. The meeting proposed to promote the implementation of the "three hundred" plan for cultural tourism investment, that is, to promote 100 major projects under construction and 100 key investment projects, to coordinate provincial financial investment of 10 billion yuan to support the development of tourism industry in the next five years, and to accelerate the implementation of the list of 100 major projects under construction and 100 key investment projects.Market News: mitsubishi electric is negotiating with Japanese domestic competitors to jointly produce power chips, and advocates an alliance in manufacturing key components that drive global equipment.China, Shimao Group, Sunac China, Longhu Group, R&F Property, Longguang Group, China Jinmao, Greentown China, Vanke, China Overseas Development, Ocean Shipping Group, Agile, Yuexiu Property and Xincheng Development all fell by over 9%, 6% and 5% respectively.

Sinotrans set up a new logistics development company in Chongqing with 100 million yuan. According to the enterprise search APP, Sinotrans Southwest (Chongqing) Logistics Development Co., Ltd. was recently established with Zhou Tao as its legal representative and a registered capital of 100 million yuan. Its business scope includes: international freight forwarding by sea; Land international freight forwarding agent; Packaging service; Customs declaration business, etc. Enterprise survey shows that the company is wholly owned by Sinotrans.Beijing officially launched the online game boutique publishing project. At the 2024 China Game Industry Annual Meeting held on December 13th, Beijing launched the online game boutique publishing project. The online game boutique publishing project combines the functional orientation of the capital, highlights the characteristics of the capital, excavates the cultural elements of Beijing, focuses on five key directions, implements five supporting mechanisms to excavate and incubate the boutique, and guides and drives the high-quality development of Beijing's game industry. Five key directions, namely, spreading positive mainstream values, carrying forward the spirit of Chinese culture, showing the style of the capital era, highlighting the vitality of scientific and technological innovation, and having the potential for international communication. Five supporting mechanisms will be implemented for the game works and enterprises selected for the top-quality game publishing project in Beijing, namely, priority recommendation, whole-process incubation, copyright protection, platform service and talent guarantee mechanism, so as to increase support for the innovative creation of top-quality games. (beijing communication radio)Wanwuyun: Signing a new framework agreement with Vanke, with the term ending at the end of 2027. On December 13th, Wanwu cloud hosting Science and Technology Service Co., Ltd. (02602.HK) issued an announcement. In view of the fact that the existing framework agreement will expire on December 31st, 2024 and the company intends to continue to sign similar transactions thereafter, the board of directors announced that Wanwuyun signed a new framework agreement with Vanke on December 12th, 2024, including a framework agreement on the use and maintenance of new technology systems. New property leasing Framework Agreement; New AIoT and BPaaS solution service framework agreement; New property service framework agreement; New value-added service framework agreement; And the new property agency service framework agreement, valid from January 1, 2025 to December 31, 2027. As of the date of announcement, Vanke Company accounts for 56.84% of the issued share capital of Wanwuyun and is the controlling shareholder. At the same time, the announcement shows that the extraordinary general meeting of shareholders will be held on December 31, 2024 to review and approve related transactions and annual caps. In addition, Wanwuyun announced that its registered address in China has been changed to Room 2201, Building B, Chuangzhiyun Center, No.1 Guangsha Road, Futian District, Shenzhen City, Guangdong Province.

CICC: Depleting inventories to eliminate excess supply is still the main direction. The Central Economic Work Conference was held in Beijing from December 11th to 12th. In terms of real estate, the meeting will "continue to push the real estate market to stop falling and stabilize" as the primary task of risk prevention. The research department of CICC believes that destocking to eliminate excess supply is still the main direction. First, control the supply of new land; second, optimize the supply structure of existing land and commercial housing; it is expected that the supply optimization policies such as land ticket, land exchange and commercial housing reform will be further promoted; third, dispose of existing commercial housing; it is expected that the efforts to store unsold commercial housing and existing second-hand housing for affordable housing will be increased; fourth, intensify the implementation of the renovation of urban villages and dilapidated houses.Ye Fan, Southwest Securities: In 2025, the upward trend of domestic economy will continue, and it is estimated that the annual RRR will be lowered by about 100bp. The Central Economic Work Conference will be held in Beijing from December 11th to 12th. Ye Fan, chief economist of Southwest Securities, said that in 2025, the domestic economy will continue to stabilize and upward under the policy. From the structural point of view, infrastructure and manufacturing investment are expected to remain the main support items for domestic investment next year, and the decline in real estate investment will gradually narrow; Domestic demand is expected to play a stronger role in stimulating the economy than external demand, and domestic residents' consumption is expected to continue to pick up under the policy. Regarding the direction of fiscal and monetary policies, Ye Fan predicted that the issuance scale of ultra-long-term special government bonds will be around 1.5 trillion -2 trillion yuan in 2025, and it will continue to support the "dual" areas. In the first half of next year or the peak of government bond issuance, there may be a RRR cut for hedging. It is estimated that the RRR cut will be about 100bp for the whole year, and the interest rate cut will be decided by camera. The interest rate cut of 25bp-40bp may be promoted step by step.Market News: mitsubishi electric is negotiating with Japanese domestic competitors to jointly produce power chips, and advocates an alliance in manufacturing key components that drive global equipment.