electronic currency market- Top Block

Ye Fan, Southwest Securities: In 2025, the upward trend of domestic economy will continue, and it is estimated that the annual RRR will be lowered by about 100bp. The Central Economic Work Conference will be held in Beijing from December 11th to 12th. Ye Fan, chief economist of Southwest Securities, said that in 2025, the domestic economy will continue to stabilize and upward under the policy. From the structural point of view, infrastructure and manufacturing investment are expected to remain the main support items for domestic investment next year, and the decline in real estate investment will gradually narrow; Domestic demand is expected to play a stronger role in stimulating the economy than external demand, and domestic residents' consumption is expected to continue to pick up under the policy. Regarding the direction of fiscal and monetary policies, Ye Fan predicted that the issuance scale of ultra-long-term special government bonds will be around 1.5 trillion -2 trillion yuan in 2025, and it will continue to support the "dual" areas. In the first half of next year or the peak of government bond issuance, there may be a RRR cut for hedging. It is estimated that the RRR cut will be about 100bp for the whole year, and the interest rate cut will be decided by camera. The interest rate cut of 25bp-40bp may be promoted step by step.Market News: Indonesia's central bank has made triple intervention to maintain market confidence in the Indonesian rupiah.Indian Rupee rebounded slightly against the US dollar to 84.8350.

Ralph Lauren's trademark infringement case was a foregone conclusion at the end of 8 years, and the infringer paid a maximum of 20 million yuan. Ralph Lauren's trademark infringement dispute case, which lasted for nearly 8 years, finally came to a foregone conclusion. Shanghai Intellectual Property Court recently made a first-instance civil judgment on a series of trademark infringement cases in which Polo/Lauren Co., Ltd., Ralph Lauren Asia Pacific Co., Ltd. and Ralph Lauren Trading (Shanghai) Co., Ltd. jointly sued Shanghai Ruifa Clothing Co., Ltd., Qingyuan Huahao Zhibai Leather Clothing Products Co., Ltd., Guangzhou Huahao Industry Co., Ltd. and luoding city Yasi Clothing Co., Ltd. The court ruled that the defendant's use of "Polo", "Polo Sport", "Polo Gear" and "polo sport" constituted trademark infringement, and must immediately stop all infringement activities, including the use of similar trademarks and the sale of goods with similar trademarks, and pay a total of 20 million yuan in compensation. Compared with the previous administrative judgment that the infringing trademark is invalid, the significance of this civil judgment is that it has mandatory force to require the shops and other channels suspected of infringement to stop operating, and the total compensation of 20 million yuan is far higher than the legal compensation amount of 5 million yuan stipulated in the trademark law, which is one of the cases that have obtained the highest compensation in China's trademark infringement cases. (Interface News)The REIT of AVIC E-commerce warehousing and logistics will be put on sale to public investors today. According to the announcement issued by AVIC Fund, on December 13th, the closed infrastructure securities investment fund of AVIC E-commerce warehousing and logistics (hereinafter referred to as "AVIC E-commerce warehousing and logistics REIT", fund code: 508078) will be put on sale to public investors. The fundraising period will be from December 13th to 19th, and it will be issued for 5 working days.*ST Hetai set up a new company including integrated circuit sales business. According to the enterprise survey APP, recently, Yizhixin Technology Co., Ltd. in Fuzhou High-tech Zone was established. The legal representative is Haining, and its business scope includes: sales of special equipment for semiconductor devices; Integrated circuit sales; Internet of things technology research and development; Internet of things application services, etc. Enterprise equity penetration shows that the company is indirectly wholly-owned by *ST Hetai.

New Beiyang (Thailand) Company opened. According to the news of New Beiyang, on December 12th, the launching ceremony of New Beiyang (Thailand) Company was held in chonburi province, Thailand. This was the first factory established by New Beiyang overseas, which marked another major breakthrough in the company's internationalization strategy and laid a solid foundation for the company's future internationalization development. The park leased by New Beiyang (Thailand) Company covers an area of more than 5,500 square meters in the first phase. At present, the special printing and scanning product line built in the factory has been successfully put into production and is ready to start mass delivery. In the future, the company will continue to expand the production and delivery of some smart equipment products in Thai factories.Faba Bank: Some people think that Trump's policies (especially tariffs) will not cause inflation. However, market analysts have been misled and need to take Trump's tariff policy seriously.Xiangyang, Hubei Province: Ten years after retirement, the loan amount was raised to 800,000 yuan. According to the news of "Voice of Xiangyang" on WeChat WeChat official account, recently, seven departments, including the Housing and Urban Renewal Bureau of Xiangyang City, Hubei Province, jointly issued "Several Measures for Continuously Promoting the Stable and Healthy Development of the Real Estate Market in the Central City" to promote the stable and healthy development of the real estate market in our city. This measure will be implemented as of December 10, 2024. The notice stipulates that the support of housing provident fund should be increased, and the maximum loan amount of housing provident fund should be raised to 800,000 yuan; For new citizens, young people, teachers, medical staff, families with many children, high-level talents to buy new commercial housing and "trade-in" and other housing provident funds, the maximum loan amount can be increased by 20% on the basis of the maximum amount. For those who buy high-quality houses and prefabricated houses, they can rise by 10% on the above basis. Deposited employees have been paid in full for five consecutive years, and the loan period can be extended to 10 years after retirement, and the longest loan period shall not exceed 30 years. Flexible employees who have paid the housing provident fund in full for more than 6 months (inclusive) may apply for housing provident fund loans.