how currencies work Top Overview

Datong, Shanxi: Parents' and children's provident funds can be withdrawn to buy houses. On December 9, the Housing Provident Fund Management Center of Datong City, Shanxi Province issued the Notice on Adjusting the Policy of Withdrawing and Lending Some Housing Provident Funds. According to the document, the minimum down payment ratio for the first set of housing and the second set of housing is 20% for paid employees who use provident fund loans to purchase self-occupied commercial housing, and 15% for affordable housing. At the same time, the interest rate of individual housing provident fund loans will be lowered by 0.25 percentage points. From May 18, 2024, the interest rates of the first set of individual housing provident fund loans for less than five years (including five years) and more than five years will be adjusted to 2.35% and 2.85% respectively, and the interest rates of the second set of individual housing provident fund loans for less than five years (including five years) and more than five years will be adjusted to 2.775% and 3.325% respectively. Datong will also appropriately increase the amount of provident fund loans. For high-level talents, families with two or more children and families with active military personnel, the maximum amount of housing provident fund loans will rise by 20% on the basis of the current policy. Expand the scope of housing provident fund purchase, and when employees purchase housing, they can also apply for the withdrawal of housing provident fund for parents or children.South Korea's ruling party held final negotiations with the opposition party on the budget.Heavy meeting set the tone! The turnover of A-shares exceeded one trillion yuan for 50 consecutive trading days, focusing on the opportunities of core assets of A50ETF Huabao (159596). On December 10th, the A-share market rose across the board, and the turnover of Shanghai and Shenzhen stock markets exceeded one trillion yuan for the 50th consecutive trading day, setting a new record. By midday, A50ETF Huabao (159596) had increased by 1.98%, with a turnover of 101 million yuan. In terms of constituent stocks, the top ten awkward stocks rose more and fell less. CITIC Securities led the gains, and China Ping An, China Merchants Bank and other stocks followed suit. According to changjiang securities's analysis, "moderately loose monetary policy" indicates abundant liquidity and broad-spectrum interest rate is still in the downward channel, which is expected to benefit bonds and stocks from the denominator. The "more active fiscal policy" and "all-round expansion of domestic demand" indicate that the broad credit policy is expected to continue to increase, and it is expected to support the price of equity assets from the molecular side.

Reserve Bank of Australia President Brock: The policy needs to be carefully considered. Recent data are mixed and somewhat weak.At least 184 people were killed in an attack on a community in Port-au-Prince, Haiti. On December 9, the United Nations High Commissioner for Human Rights, Volcker Turk, said that Haitian gang armed forces attacked a community on the outskirts of Port-au-Prince last weekend, killing at least 184 people. Since the beginning of this year, the number of people killed in gang attacks in Port-au-Prince has reached 5,000. At present, Haitian gangs control 80% of Port-au-Prince, and violent incidents occur frequently.Minister of Malaysia: ZTE will invest 200 million ringgit in Malaysia.

Agency: It is estimated that the shipment of small and medium-sized OLEDs will reach 1 billion units for the first time in 2025. According to Omdia's latest OLED Display Market Tracking Report, it is estimated that the shipment of small and medium-sized OLEDs will exceed 1 billion units for the first time in 2025. This milestone includes display panels ranging from 1 inch to 8 inches, covering a wide range of applications, such as game consoles, AR/VR/MR head displays, near-eye glasses and head-mounted display panels, automobile display panels, smart phones, sub-display panels, smart watches and industrial display panels.Reserve Bank of Australia President Brock: I'm not sure if we will cut interest rates in February. It will be necessary to pay attention to the slowdown in data, wages and demand. If the inflation rate does not drop, then we will face another problem.The Shanghai and Shenzhen 300 Index opened at 4042.28 points in the afternoon, up 1.91%. The Shanghai Composite Index opened at 3,456.49 points in the afternoon, up 1.59%. Shenzhen Component Index opened at 10,958.68 points in the afternoon, up 2.12%. The GEM index opened at 2,299.14 points in the afternoon, up 2.25%. Small and medium-sized board opened at 11,786.93 points in the afternoon, up 1.99%.