A-share evening hotspots | The Central Finance Office firmly sets the tone! Expanding domestic demand is the top priority task for next year.

1. Central Finance Office officials: Expanding domestic demand is the top priority for next year Importance: Officials from the Central Finance Office explained the spirit of the Central Economic Work Conference for 2025. Regarding the current status of domestic demand development, where are the opportunities and driving forces to boost consumption and expand investment? Officials from the Central Finance Office stated that expanding domestic demand is the top priority for next year. Looking back at this year, officials from the Central Finance Office stated that the main economic indicators for 2025 met expectations, with an expected economic growth of around 5% for the whole year, continuing to rank among the world's major economies, and the economic aggregate is expected to reach around 140 trillion yuan. Looking ahead to next year, officials from the Central Finance Office stated that the growth rate of investment and consumption is expected to recover next year, and the prospect of China's economic development is very promising. Regarding monetary policy, officials from the Central Finance Office stated that monetary policy will strengthen forward-looking and scientific adjustments, maintain sufficient liquidity, maintain relatively loose social financing conditions, promote the low operation of comprehensive social financing costs, collaborate with other policy measures to strive to achieve economic growth, commodity price increase, and other goals. Regarding real estate, officials from the Central Finance Office stated that in the next step, several things need to be done well. First, stabilize the market from both supply and demand sides. Second, actively promote the transformation and development of real estate companies. Third, accelerate the construction of a new model for real estate development. Regarding anti-"involution," officials from the Central Finance Office stated that more targeted measures should be taken next year, further enhancing the effectiveness of building a unified and large market, achieving efficient allocation of various resources. 2. Social Security Fund: Give full play to long-term funds and patient capital. Importance: The Social Security Fund Party Committee held a meeting to convey the spirit of the Central Economic Work Conference. The meeting emphasized giving full play to the role of long-term funds and patient capital, actively serving the national development needs on the basis of ensuring safety, better supporting the deep integration of science and technology innovation and industrial innovation. It is necessary to plan for the long term to promote the development of the fund business. Based on the important requirements proposed in the "14th Five-Year Plan" and the key tasks deployed in the Central Economic Work Conference, a systematic plan for the "14th Five-Year Plan" of the social security fund business should be formulated, and all key tasks should be implemented in a coordinated manner to promote the high-quality development of the social security fund business. 3. U.S. non-farm payrolls recorded an increase of 64,000 in November, higher than market expectations. Importance: In November, seasonally adjusted non-farm employment in the United States increased by 64,000, higher than the general market expectations. The number of non-farm employment in October decreased by 105,000, with the market estimated to decrease by 25,000. In addition, non-farm employment numbers for August and September in the United States were revised down by a total of 33,000. After the employment data was released, the probability of a rate cut by the Federal Reserve in January increased slightly to 31% in the fed funds rate futures market, up from 22% before the data was released. 4. A rumor triggered a sharp fall in the Hong Kong stock market! What is the truth? How significant is the impact? Importance: In the afternoon of December 16, the Hang Seng Technology Index saw a sudden increase in the rate of decline, falling by more than 2.5% at one point, while the Hang Seng Index dropped by 2% at one point. Alibaba, JD.com, and Meituan all experienced increased declines, with corresponding call options plummeting across the board. On the news front, there was a rumor circulating among brokerage analysts about "tax assessments on related high-tech companies" that caused market volatility. Although this rumor has not been officially endorsed, the market has started to price it in. However, the pricing of such events in the market is often one-off, with corresponding factors subject to change. If the situation reverses, it will inevitably trigger a major rebound. Some brokerage analysts indicated that it is only a tightening of assessments, not a blanket approach. 5. "Second stock of domestic GPU" Muxi Co., Ltd. will be listed tomorrow. Will it be a "20,000 yuan cash ticket"? Importance: Muxi Co., Ltd. will be listed tomorrow. As a popular new stock in the current hot track, its listing has attracted market attention. The company is a rare full-stack GPU manufacturer in China, with a rapid growth in revenue in recent years, and an issue price as high as 104.66 yuan per share. If its first-day performance can achieve a 425.5% increase in line with comparable companies like Moore Thread on the first day, it means that investors holding a single share will earn over 22,000 yuan. ..... (the rest of the translation continues)