Evening Hotspots of A-shares | US CPI data unexpectedly falls, probability of Fed interest rate cut in January increases

1. Securities Regulatory Commission: Attract More High-Quality Enterprises in New Productivity Areas to Go Public Importance: On December 18, Wu Qing, Chairman of the China Securities Regulatory Commission and President of the China Capital Market Institute, attended the founding meeting of the Academic Committee of the China Capital Market Institute and the first session of the first full committee meeting, and presided over the expert symposium on the "Fifteenth Five-Year Plan" of the capital market. At the meeting, everyone put forward forward-looking and constructive suggestions on how to do a good job in the "Fifteenth Five-Year Plan" for the capital market, including: Further increasing the inclusiveness and adaptability of the issuance and listing trading system, attracting more high-quality enterprises in the new productivity areas to go public; Expanding the supply of patient capital, long-term capital, and strategic capital; Continuously activating the M&A market, strictly implementing normal delisting; Promoting the governance and supervision of artificial intelligence applications in the capital market; Cracking down on financial fraud, strengthening investor protection and education, and so on. Wu Qing stated that the Securities Regulatory Commission will deeply study and implement the spirit of the Fourth Plenary Session of the 20th Central Committee of the Party and the Central Economic Work Conference, solidly promote the formulation and implementation of the "Fifteenth Five-Year Plan" for the capital market, closely follow the working mainline of risk prevention, stringent regulation, and promotion of high-quality development, continuously deepen the comprehensive reform of capital market investment and financing, steadily expand the high-level institutional opening to the outside world, continuously improve the inclusiveness and attractiveness of the capital market system, better serve the high-quality development of the economy and the overall situation of socialist modernization with Chinese characteristics. 2. U.S. CPI Data Unexpectedly Falls, Possibility of Fed Rate Cut Increases in January Importance: In November, the U.S. CPI increased by 2.7% year-on-year, with an estimated increase of 3.1%. The core CPI in November increased by 2.6% year-on-year, with an estimated increase of 3%. Following the data release, U.S. federal funds rate futures showed that the likelihood of a Fed rate cut in January increased from 26.6% to 28.8%. 3. Ministry of Commerce Speaks Out! Concerning Rare Earth Exports, European Commission Investigates Several Chinese Companies Importance: The Ministry of Commerce held a routine press conference to introduce the recent key work in the field of commerce. Spokesperson He Yadong responded to the latest developments in the export control of rare earth-related commodities. He Yadong, the spokesperson of the Ministry of Commerce, stated that since the implementation of export control on rare earth-related commodities, the competent authorities in China have conducted policy promotion to Chinese exporters. With the accumulation of relevant export and compliance experience, some Chinese exporters have initially met the basic requirements for applying for a general license. To my knowledge, some Chinese exporters have already received and approved general license applications. He Yadong also stated that China has noticed that the European Commission recently initiated intensive investigations into Chinese companies under the Foreign Subsidies Regulation (FSR), conducting in-depth investigations on entities such as CRRC and Hikvision, and even conducting on-site surprise checks on Chinese digital platforms, with practices being malicious, targeted, and discriminatory. China strongly opposes this. It is hoped that the European side will immediately stop the unreasonable suppression of foreign investment enterprises, including those from China, and use the FSR investigation tool cautiously to create a fair, just, and predictable business environment for investment and operation enterprises in Europe. China closely monitors the relevant actions of the European side and will take necessary measures to resolutely defend the legitimate rights and interests of Chinese enterprises. 4. Boost Consumer Policies Emerge Frequently! Ministry of Commerce Launches Pilot Program for "Three News" Consumption Importance: Recently, the General Office of the Ministry of Commerce and the General Office of the Ministry of Finance issued a notice on the relevant work of conducting pilot programs for new business models, new formats, and new consumption scenes in 50 cities, including Beijing. On December 17, the Ministry of Commerce, together with the Ministry of Finance, held a meeting to deploy and promote the "Three New" pilot program. The meeting emphasized that various pilot cities should further improve the implementation plan, establish and improve work promotion and guarantee mechanisms, promptly issue trial fund (project) management methods, focus on supporting directions for the "Three New" pilot program, carefully select supported projects, and strengthen project dynamic management. Strengthen publicity and guidance, guide active participation from all sectors of society, enhance the consumption-driving role of supported projects in pilot cities. The commerce authorities in pilot cities should play a good leading and coordinating role, promote the resolution of bottlenecks and pain points faced by the pilot, and ensure the effectiveness of the pilot project. 5. Chip Giants Release Major Bullish News! Micron Technology Soars Over 10%, Wall Street Review Importance: Stimulated by positive performance, Micron Technology, the largest memory chip manufacturer in the United States, surged over 10%. The latest financial report shows that against the backdrop of exploding demand for artificial intelligence (AI) in data centers and continuous tightening of memory chip supply, Micron Technology's performance and performance guidance both far exceeded market expectations. Analysts on Wall Street stated that Micron Technology's financial report was "explosive," with performance guidance greatly exceeding expectations. Apart from NVIDIA, this may be the largest revenue and net profit guidance upgrade in the history of the U.S. semiconductor industry, with further room for improvement in the coming quarters. 6. State Administration for Market Regulation Speaks Out: Comprehensive Crackdown on "Inner Competition" Importance: Recently, Luo Wen, Secretary of the Party Leadership Group and Director of the State Administration for Market Regulation, presided over an expanded meeting of the Party Leadership Group of the State Administration, conveying and studying the spirit of the Central Economic Work Conference, and researching and deploying the implementation of work. The meeting emphasized the need to vigorously promote the construction of a unified national large market, strengthen the governance of fair competition, and promote the smooth circulation of the economy. It also emphasized comprehensive crackdown on "inner competition" and promoting the formation of a market order with high quality and price competition. Continuously optimize the business environment, vigorously stimulate the vitality of various types of business entities, and enhance the endogenous power of the market. Continuously improve the normalized supervision capabilities of platform economy, promote innovation and healthy development of platform economy. Firmly guard the safety bottom line of food, drugs, industrial products, special equipment, and timely prevent and resolve major risks. Meanwhile, ensure the safety production at the end of the year, stabilize prices and ensure the quality of important livelihood commodities, and safeguard the safety of people's lives and property. 7. State Council Issues Document to Crack Down on Illegal Tobacco Activities Throughout the Chain! Strengthen Comprehensive Supervision of Electronic Cigarettes Importance: The State Council's General Office issued the "Opinions on Crackdown on Illegal Activities Related to Tobacco Throughout the Chain," proposing a series of targeted policy measures to address prominent issues such as counterfeiting, selling counterfeit, and smuggling of tobacco, continuously purify the tobacco market environment, and effectively safeguard national interests and consumer rights. The document requires high-pressure crackdown on domestic illegal activities related to tobacco. Cut off the supply chain of raw materials and tobacco machinery for tobacco counterfeiting, strengthen the governance of the source of tobacco counterfeiting, strictly prevent and control the transfer and spread of tobacco counterfeiting. 8. Bank of England Cuts Interest Rates by 25 basis points, European Central Bank Holds Steady Importance: The Bank of England announced its December interest rate decision, reducing the benchmark interest rate by 25 basis points to 3.75%. The decision was in line with market expectations. The Bank of England stated that the further loosening of monetary policy will depend on the evolving inflation outlook and, based on current evidence, may continue to gradually lower interest rates. On the other hand, the European Central Bank maintained the deposit facility rate at 2%, in line with market expectations, for the fourth consecutive meeting. The main refinancing rate and the marginal lending facility rate remained unchanged at 2.15% and 2.40%, respectively. From the market's perspective on investment opportunities, self-selected brother highlights the focus on Chinese medicine, among others. 1. Hong Kong's Major Announcement! Chinese Medicine Industry Receives Favorable Policies, Institutions Suggest Focus on Two Main Trends The Hong Kong Special Administrative Region Government officially released the "Blueprint for the Development of Chinese Medicine," covering five areas, eight goals, and 20 actions to promote the comprehensive, high-quality, and high-level development of Chinese medicine in Hong Kong. Dr. Raymond Liang, Director of the Department of Health of the Special Administrative Region Government, stated that today marks the publication of the first blueprint for the development of Chinese medicine, aiming to use Chinese medicine to provide citizens with better quality and more comprehensive medical services, improve health levels, enjoy better services, and build Hong Kong as a gateway for Chinese medicine to go global. Huajin Securities believes in grasping the Chinese medicine sector "boutique + innovation" as two main trends. Fine Chinese medicine combines medical value with consumption attributes, with a clear brand effect, catering to high net worth customers with strong bargaining power; innovative Chinese medicine is gradually entering a harvest period, supported by favorable policies and positive external stimulus, Chinese medicine improved new drugs, ancient classic prescriptions, and other innovative Chinese medicine products are expected to accelerate development based on clinical orientation and achieve commercialization at scale. In addition, the following sectors are also worth paying attention to: 2. Steel | 38 steel mills raise the purchase price of scrap steel by 10-30 yuan per ton. 3. Computing Power | Chinese researchers achieve new breakthroughs in algorithmic network fusion technology. 4. Copper | BHP CEO: Copper metal supply tightness is difficult to resolve, the era of high prices may continue for several years. From the negative announcement aspect, self-selected brother indicates to pay attention to Advanced Micro-Fabrication Equipment Inc. China planning to acquire controlling stakes, among other announcements; from the negative announcement aspect, pay attention to Shandong Zhangqiu Blower receiving an administrative regulatory measure decision, among others. Positive Announcements: 1. Advanced Micro-Fabrication Equipment Inc. China: Plans to acquire a controlling stake in Hangzhou Zhonggu Silicon, stock halted 2. Zhuzhou Hongda Electronics Corp., Ltd.: Participated in the listing application of its subsidiary Jiangsu Zhanxin on the ChiNext market 3. Zhuzhou Kibing Group: Plans to establish a new energy company in Shenzhen with a capital of 600 million yuan 4. Western Mining: Wholly-owned subsidiary Geermu Xi Mining Resources obtains a mining license 5. Hangzhou Hirisun Technology Incorporated: Approval from the China Securities Regulatory Commission for the stock-for-stock absorption merger of Hangzhou Steam Turbine 6. Sichuan Road & Bridge Group: China Post Insurance raises its stakeholding proportion to 5% Negative Announcements: 1. Shandong Zhangqiu Blower: Received an administrative regulatory measure decision from the Shandong Securities Regulatory Bureau 2. Zhejiang Narada Power Source: Controlling shareholder terminates the planned change in controlling interest, stock resumes trading 3. Wuxi Lihu Corporation: Shareholders intend to reduce their company's stake by no more than 2.98% 4. Shenzhen Bsc Technology: Some directors and executives intend to collectively reduce their company's stake by no more than 1.83 million shares 5. JUNSHI BIO: Shanghai Tangying intends to reduce its stake by no more than 2% in the company This article is reproduced from "Tencent Select Stocks." GMTEight editor: Xu Wenqiang.