A-share evening hot topics | Ministry of Finance heavyweight! Related to equipment renewal

Below is the evening news article: 1. Trump's tariff plan changes! Chinese assets surge, RMB rises over 400 points Importance: In the evening, Chinese assets rose, with offshore RMB against the US dollar rising over 400 basis points and the FTSE China A50 index futures rising over 1%. On the news front, aides to US President-elect Donald Trump are exploring a tariff plan applicable to each country, but only targeting key imported goods. According to reports cited by Interface News, during his campaign, Trump had called for a "universal" tariff of up to 10% or 20% on all goods imported into the US. It is not clear which imported goods or industries will face tariffs. Initial discussions have focused on several key industries that the Trump team wants to bring back to the US, including the defense industry supply chain (imposing tariffs on steel, iron, aluminum, and copper), key medical equipment (syringes, needles, vials, and medical materials), and energy production (batteries, rare earth minerals, and even solar panels). 2. Ministry of Finance: Extend the implementation period of the financial discount policy for equipment renewal loans Importance: On January 6, the Ministry of Finance issued a notice stating that equipment renewal loans meeting the conditions and disbursed after March 7, 2024, for contracts signed before that date and for equipment purchase or renovation service procurement contracts, will be included in the scope of the financial discount policy support. At the same time, the implementation period of the financial discount policy for equipment renewal loans will be extended until the China People's Bank's quota for equipment renewal-related rediscount is used up. 3. China Northern Rare Earth cancels listing price and adopts real-time price of the Rare Exchange. What impact does this have on the industry chain? Importance: Officials from China Northern Rare Earth have confirmed that the company will cancel the listing price starting from January this year due to an adjustment in its business strategy. In the future, the company will reference the daily price published by Baotou Rare Earth Trading Co., Ltd. This means that China Northern Rare Earth, considered a flagship in the rare earth industry and global supply chain, may exit the historical stage of listing prices. According to reports by Caijing, several industry insiders have stated that China Northern Rare Earth's cancellation of the listing price and adoption of daily prices means that the company's long-term agreements will become more market-oriented. However, since the Rare Exchange is a trading platform owned by China Northern Rare Earth, the exchange will control prices and transactions, leading to concerns in the market about China Northern Rare Earth acting as both an athlete and a referee. 4. Ministry of Finance and Four Other Departments: Strictly enforce enterprise accounting standards and effectively carry out the annual report work of enterprises in 2024 Importance: The Ministry of Finance, the State-owned Assets Supervision and Administration Commission of the State Council, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission jointly issued a notice on the strict implementation of enterprise accounting standards and the effective completion of the annual report work of enterprises in 2024. It states that enterprises should judge whether to use the accrual method or the cash method for revenue recognition. Enterprises are not allowed to prematurely or defer revenue recognition or smooth revenue by arbitrarily adjusting their revenue recognition method. 5. Goldman Sachs explains why the Chinese stock market should have a place in investment portfolios Importance: In 2024, the Chinese stock market saw annual gains, with A-shares and Hong Kong stocks rising by 15% and 16% respectively. Goldman Sachs believes that Chinese stocks have proven their investment value to domestic and foreign investors based on actual performance. With policy support, the market has the potential for a rapid rebound. Considering the lower sensitivity of A-shares to external factors and the increasingly synchronized pricing of global risk assets, Chinese stocks can provide diversification returns to overseas investors and should have a place in investment portfolios. 6. Multiple indicators hit new highs! Cross-border "bull funds" have a premium of 27%, and these directions have increasing volume Importance: On January 6, the cross-border ETF market saw renewed heat, with the S&P Consumer ETF limit up at the end of the day, with a premium rate of over 27%. In terms of trading data, the total trading volume for the day was nearly 3.28 billion yuan, reaching a historical high, with a turnover rate of nearly 6.17 times, also a historical high. Additionally, several NASDAQ 100 ETFs, S&P 50 ETFs, as well as ETFs tracking the Nikkei index and Hong Kong central enterprise dividend ETFs, have all shown increased premiums. Based on the average trading volume over the past 10 trading days (from December 23 last year to January 6 this year), compared to the average level in the first half of December last year, a total of 44 ETFs have seen trading volume increase by over 100 million yuan. Among them, multiple ETFs tracking the CSI A500 index, as well as the S&P Consumer ETF, S&P Oil and Gas ETF, NASDAQ series ETFs, Nikkei series ETFs, Hong Kong central enterprise dividend ETFs, and Shanghai 50 ETFs, have seen relatively larger increases in trading volume recently. 7. Technical patent disputes return! Jinko Solar sues LONGi Green Energy Technology for patent infringement, LONGi Green Energy Technology responds Importance: The "smoke" of disputes surrounding photovoltaic technology patents has returned. Recently, Jinko Solar has filed a lawsuit against LONGi Green Energy Technology in the Nanchang Intermediate People's Court, demanding that LONGi Green Energy Technology immediately cease infringing on related invention patents and compensate for economic losses. The case has been accepted for trial. A spokesperson for LONGi Green Energy Technology stated that the company has been made aware of media reports regarding Jinko Solar's lawsuit for alleged patent infringement, but has not received any related legal documents regarding the matter. The company will actively investigate and respond accordingly, and may initiate counterclaims if necessary for TOPCon and other technology series products. In addition, the following news is also worth noting: 8. The US Department of Commerce announces the initiation of anti-dumping and countervailing duty investigations on imported erythritol from China.Cmo ests?1. "Trump 2.0" is coming, Wall Street believes gold will continue to shine In 2024, gold soared by 27%, reaching a historical high of nearly $2,800 per ounce. In 2025, despite the significant uncertainty brought by "Trump 2.0", sell-side strategists on Wall Street remain optimistic. Both Bank of America and JPMorgan Chase predict that the price of gold will reach $3,000 by the end of this year, with UBS Group setting a target price of $2,900. 2. Expectations of a rate hike by the Bank of Japan rise as the 5-year Japanese government bond yield reaches its highest level since 2009 Bank of Japan Governor Kuroda Haruhiko reiterated that if the economic and price conditions continue to improve, we will raise the policy interest rate and adjust the degree of monetary easing. Expectations for a rate hike by the Bank of Japan in January have increased, leading to a significant increase in Japanese government bond yields, with the 5-year and 10-year bond yields reaching their highest levels in fifteen and thirteen years, respectively. 3. OpenAI CEO Altman's New Year message: OpenAI begins to shift its focus to "superintelligence." OpenAI CEO Sam Altman wrote in his latest personal blog post on January 6 that OpenAI is confident in building general artificial intelligence (AGI) and the company has started to shift its goals towards "superintelligence." Previously, OpenAI has written several articles on how to successfully transition to a world with superintelligence. This article was originally from "Tencent Self-selecting Stocks," edited by GMTEight: Xu Ran.