Pre-market report on A-shares | People's Bank of China speaks again! Will cut reserve requirement ratio and interest rates at the right time. State Council meeting discusses promoting urban renewal work

Investment Calendar China Internet Industry Annual Conference held today Editor's Viewpoint Editor's Viewpoint: Last Friday, the market continued to decline, with all three major indexes posting three consecutive declines; Haitong believes that the market will consolidate in the short term, with more value in the overall market at the end of the year and the beginning of the year. Pre-market News 1. Central Bank: Implementing moderately accommodative monetary policy, adjusting reserve requirements and interest rates at the appropriate time, maintaining ample liquidity Type: Macro Sentiment Impact: Positive The 2025 China People's Bank working conference proposed implementing moderately accommodative monetary policy to create a suitable monetary and financial environment for stable economic growth, adjusting reserve requirements and interest rates at the appropriate time. Experts believe that if external instability factors increase and domestic economic downward pressure grows, the timing for adjusting reserve requirements and interest rates will be advanced. 2. State Council studies promote urban renewal work, proposes to accelerate the renovation of old urban areas and neighborhoods Type: Macro Sentiment Impact: Positive The State Council proposed accelerating the renovation of old urban areas, neighborhoods, factory areas, and urban villages, strengthening urban infrastructure construction and renovation, and attracting social capital to participate in urban renewal. Minsheng Securities believes that urban renewal will benefit long-term demand for construction materials, with a focus on cement, coatings, pipelines, waterproofing, and other areas. 3. Shanghai and Shenzhen Stock Exchanges separately hold forums for foreign institutional investors to promote further comprehensive deepening reform of the capital market Type: Market Sentiment Impact: Positive At the forum, participating foreign institutional investors positively evaluated the Chinese government's policy measures and determination to promote continued stable economic development. The long-term investment value of industries such as high-end manufacturing, information technology, and consumer electronics in the Chinese capital market is becoming more solid. 4. US Surgeon General warns that alcohol consumption increases the risk of 7 types of cancer, US and European alcohol sector stocks across the board decline Type: Industry Sentiment Impact: Negative The US Surgeon General warned that there is a direct link between alcohol consumption and cancer, increasing the risk of at least 7 types of cancer, and called for cancer risk warnings to be included on labels of alcoholic beverages. As a result, alcohol stocks in the US and European markets declined across the board, with French group Pernod Ricard's stock price falling by 5%. Institutional Views 1. Haitong: Positive policies but underlying fundamentals need to be confirmed, the market will consolidate in the short term, dividend assets drive value style 2. China Securities Co., Ltd.: The underlying logic of the bull market has not been disrupted, domestic policies are still worth looking forward to, short-term pullbacks are opportunities for positioning 3. Orient: It is expected that the market will produce a weak rebound this week, with clearer earnings expectations beneficial for individual stocks and general technology themes. Positive and Negative Expectations 1. CES Consumer Electronics Feast is coming! Institutions say the combination of AI and edge devices is worth looking forward to Type: Institutional Commentary China Securities Co., Ltd.: This exhibition is expected to focus on the integration of AI with consumer electronics, automobiles, smart homes, and other fields; chip manufacturers are expected to release a series of new products, while PC OEMs are actively promoting product innovation. 2. State Council issues opinions! Strengthen support for drug and medical device research and innovation Type: Policy Focus China Securities Co., Ltd.: Optimistic about the investment opportunities in the medical device sector in 2025, with the improvement of medical compliance requirements and the impact of centralized procurement gradually clearing, the industry will continue to recover from a low base, and companies with significant volume increases or international layouts will achieve high growth. 3. Announces expanded cooperation with Nvidia, US stock automotive AI technology companies surge by 143.76% Type: Market Discussion Guosen: Smart driving is one of the important application scenarios of artificial intelligence, with a large user base and broad market space, the continuous catalysis of technology, policies, and hot-selling products in 2025, are optimistic about incremental component investment opportunities in the intelligent driving perception layer-decision-making layer-execution layer. Announcements Positive Announcements 1. Hbis Company Limited: Controlling shareholders and their concerted actors plan to increase their shareholdings by 216 million to 432 million yuan 2. Autel Intelligent Technology Corp., Ltd.: Expected to earn 620 million to 680 million yuan in 2024, with a year-on-year growth of 245.92% to 279.39% 3. Guangdong Meiyan Jixiang Hydropower: Plans to repurchase shares worth 150 million to 200 million yuan Negative Announcements 1. Hainan Poly Pharm: Financial fraud will be issued a risk warning for delisting, the stock will be suspended for one day from January 6th 2. Integrity Technology Group Inc.: Listed on the US Treasury Department's OFAC SDN list 3. Tech-bank Food: 2024 revenue from commodity pig sales drops by 10.15% year-on-year Overseas Markets Self-selecting Geem's reminder: Last Friday, US stocks closed higher across the board, with the S&P and Nasdaq ending a five-day losing streak, with most tech giants rising, Tesla surging by over 8%, Chinese concept stocks showing strength, and the Nasdaq Golden Dragon Index closing up 0.93%. This article is reprinted from "Tencent Self-selection Stocks", GMTEight Editor: Liu Xuan.