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Under the background of global energy structure transformation, methanol-based ethanol-hydrogen electric vehicle technology has gradually emerged in recent years, which not only further enriches the technical route of vehicle electrification, but also provides new ideas for solving the problems of energy security and emission reduction in transportation in China. The reporter learned that at present, Liaoning, Shanxi, Tianjin and other places are actively promoting policies to accelerate the development of the alcohol-hydrogen electric vehicle industry, and some car companies represented by Geely are also stepping up their layout to compete for a new track in this industry. According to industry insiders, alcohol-hydrogen electric vehicles have many advantages and there is huge room for future development. (Economic Information Daily)Liu Jianchao met with New Zealand Ambassador to China Maury. According to the website of the International Liaison Department of the CPC Central Committee, on December 9, Liu Jianchao, Minister of the International Liaison Department of the CPC Central Committee, met with the outgoing New Zealand Ambassador to China Maury in Beijing. Liu Jianchao spoke highly of Mao Rui's contribution to the development of China-Singapore relations during his tenure. Liu Jianchao said that since China and Singapore established a comprehensive strategic partnership for 10 years, pragmatic cooperation in various fields has yielded fruitful results. At present, the world situation is uncertain and unstable. China and New Zealand are both in the Asia-Pacific region. A stable and sustainable Sino-New Zealand relationship is conducive to regional and world peace and prosperity. China is willing to work with Singapore to close inter-party exchanges, strengthen political dialogue, deepen pragmatic cooperation in various fields, and promote the stability and far-reaching relations between China and Singapore.Wuliangye Group signed a memorandum of cooperation with Gan Lu Wine Group of Chile, and on December 5th, Wuliangye Group signed a memorandum of cooperation with Gan Lu Wine Group of Chile. Chile Gan Lu Wine Group is the largest wine production group in South America, with its brand footprints in Chile, Argentina and the United States, and its sales covering 147 countries and regions around the world. This signing indicates that Wuliangye and Gan Lu Wine Group of Chile have further established a long-term and stable partnership.

Huatai Securities: The statement of the Politburo meeting on macro-policies generally exceeded market expectations. Huatai Securities said in reading the research report of the Politburo meeting in December that, on the whole, the statement of the Politburo meeting on macro-policies generally exceeded market expectations, and the stocks and debts all gave positive responses. The subsequent central bank RRR cut is expected to land soon, which is expected to form a certain emotional resonance. The next focus is on the more specific economic deployment of the Central Economic Work Conference for next year. Compared with the expected guidance, the market pays more attention to the actual scale, especially whether there are clearer signals in finance, inflation and exchange rate, and whether the broad credit can actually come. As far as debt is concerned, the short-term market inertia is still there, and the downward trend of interest rates has not wavered. However, the market quickly responded to the mid-term "good" and overdrawn the market next year. It is suggested to enhance operational flexibility, maintain long-term interest rate positions, stop chasing up, cash in when it is favorable to prevent profit impulse, and continue to seize opportunities such as credit bonds for 3-5 years.CITIC Securities: In November, the PPI turned positive more than expected, and the core CPI continued to improve. According to the research report of CITIC Securities, the price data in November 2024 showed that the boosting effect on the economy after the policy shift in late September initially appeared at the "price end", mainly in two aspects: "PPI turned positive" and "continuous improvement of core CPI". In terms of PPI, this month's PPI turned positive more than expected, and the main contributions came from "the effect of trade-in for new products is gradually appearing at the price end of related industries" and "the acceleration of physical workload of infrastructure has boosted the prices of raw materials industries in the upper and middle reaches". It is embodied in the remarkable improvement of PPI in computer machine manufacturing, communication terminal equipment manufacturing, automobile manufacturing, durable consumer goods (means of subsistence), non-metallic mineral products industry and other industries. In terms of CPI, although the year-on-year growth rate of CPI further declined to 0.2%, which was significantly lower than the market expectation, it was largely affected by the over-seasonal decline in food prices. The core CPI, which the market paid more attention to, continued to improve slightly on the margin, with the year-on-year reading rising from 0.1% at the bottom of September to 0.2% in October and 0.3% in November. In terms of splitting, the CPI decline of the three major durable consumer goods and services has narrowed compared with the same period of last year. On the whole, the combination of "CPI 0.2%+PPI -2.5%" reveals that China is still facing significant "low inflation" pressure, and it is still necessary to continue to strengthen the price level with a package of incremental policies. Looking back, if the boosting effect of the "two new" policies on the demand of downstream industrial products and the driving effect of the accelerated issuance of special bonds on the physical workload of infrastructure can be released continuously, it will provide some support for the improvement of PPI; However, if you want to see the PPI continue to turn positive significantly, you may have to wait for the policy to further push the physical workload and real estate start-up data, as well as the more stringent supply-side optimization policies in some areas with more production capacity.Pacific Securities: The historical low of the valuation office of liquor industry is about to be repaired. The Pacific Securities Research Report pointed out that the liquor industry is rationally slowing down, and the valuation office is at a historical low, and it is about to be repaired. Next year, the leading growth target will generally drop to single digits. However, the accumulated inventory risk and pricing pressure still need time to gradually ease after the imbalance between supply and demand has intensified in the past two years and the previous industry bubble has receded. With the economic recovery stimulated by this round of policies and the stabilization of the bottom of the real estate industry, the liquor industry is expected to usher in a wave of recovery. Since 2023, industry differentiation has intensified, but with the improvement of management level and refined channel operation in recent years, excellent wine enterprises have stronger marketing foundation and anti-risk ability compared with previous downward cycles. The price of high-end wine determines the brand position, so the approval price is more important, which depends on the choice of quantity and price and the control of approval price by wine enterprises. Sub-high-end needs to pay more attention to channel risks. The high growth brought by pre-distribution investment needs to be tested in the downward period, and once the channel collapses and stalls, it is difficult to reverse it. Real estate wine pays attention to the growth momentum of internal product structure and the market potential in and around the province. The upgrading speed determines the slope and the ceiling determines the space. Suggested attention: Wuliangye, LU ZHOU LAO JIAO CO.,LTD, Shuijingfang, etc.

Wang Sicong's food company was forcibly held for 148,000 yuan. According to the information of legal proceedings, recently, Shanghai Ai Luo Star Food Co., Ltd. added a piece of information about the person to be executed, with the execution target of more than 148,000 yuan. The enforcement court is Xian 'an District People's Court of Xianning City. Founded in October 2016, the legal representative is Cheng Hua, with a registered capital of about RMB 18.83 million. Its business scope includes food circulation, food additives, packaging materials, cosmetics, electronic products, daily necessities, clothing, shoes and hats, knitwear, leather products, bags and toys. Wang Sicong holds about 20% of the company's shares and serves as the company's supervisor. Tianyan risk information shows that the company also has information on restricting consumption orders and freezing stock rights.Guotai Junan: Actively grasp the double-low and low-premium convertible bonds with high selective price and good flexibility. Guotai Junan said that the probability of short-term risk events is not high, and the liquidity of the domestic stock market is also supported. Considering the A500 opening of positions, the allocation of insurance and wealth management products and the year-end ranking of funds, we should actively prepare for the new year-end rebound of China stock market from December 2024 to January 2025. Actively grasp the new year's rebound, high selective price and good flexibility of double low and low premium convertible bonds.Australia's business confidence has fallen sharply, and the economic outlook is not optimistic. Australia's business confidence index fell sharply in November, and the current situation index measuring employment, sales and profitability has further weakened, once again indicating that the private sector in the economy is facing heavy pressure. According to a survey released by the National Bank of Australia on Tuesday, the business confidence index dropped by 8 points to -3, reversing the gains in October. The status quo index dropped from 7 to 2. "Overall, the survey shows that growth continued to be weak in the fourth quarter," the bank said in the report. As the capacity utilization rate is still above average, it may take more time for price pressure to fully return to normal. The Reserve Bank of Australia will announce its last interest rate decision this year in a few hours, and it is almost certain that the policy interest rate will remain at a 13-year high of 4.35%. Last week's data showed that Australia's GDP was weak again in the third quarter, prompting traders to advance their expectations of interest rate cuts from May next year to April.