cryptocurrency on the stock market, Overview

Central Economic Work Conference: Keep the RMB exchange rate basically stable at a reasonable and balanced level. The Central Economic Work Conference was held in Beijing from December 11th to 12th. The meeting proposed to implement a moderately loose monetary policy. Give full play to the dual functions of the total amount and structure of monetary policy tools, reduce the RRR and interest rates in a timely manner, maintain sufficient liquidity, and match the scale of social financing and the growth of money supply with the expected goals of economic growth and overall price level. Keep the RMB exchange rate basically stable at a reasonable and balanced level. Explore and expand the macro-prudential and financial stability functions of the central bank, innovate financial instruments, and maintain the stability of the financial market.Market News: Japan and the United States are looking for technologies to counter the threats of biology and misinformation.The gap between Italian and German government bond yields widened to 111 basis points, the highest level in a week.

European Central Bank President Lagarde: National elections have also led to their own uncertainties.American stock index futures maintained a downward trend, with S&P 500 E-MINI futures down 0.3%, Nasdaq futures down 0.6% and Dow Jones futures down 0.1%.European Central Bank President Lagarde: We must be very cautious. European Central Bank President Lagarde: We must be very cautious because service prices and wages are rising rapidly. Financial difficulties are self-created uncertainties.

Guangxi Securities Regulatory Bureau issued a warning letter to Xinxunda and relevant responsible persons. According to the website of the CSRC, Guangxi Securities Regulatory Bureau issued a decision on taking measures to issue a warning letter to Guangxi Xinxunda Technology Group Co., Ltd. and relevant responsible persons. Among them, it is mentioned that Xinxunda has some problems, such as the occupation of non-operating funds of related parties and the failure to disclose them in time, the failure to review and disclose the external financial assistance in time, and the irregular management of insider registration. The Guangxi Securities Regulatory Bureau decided to issue warning letters to Xinxunda, Wu Chenghua, Wang Fabin, Yan Ming, Chen Gong, Li Yangang and Ye Yanzhen.American stock index futures maintained a downward trend, with S&P 500 E-MINI futures down 0.3%, Nasdaq futures down 0.6% and Dow Jones futures down 0.1%.Xue Hongyan, Vice President of Xingtu Financial Research Institute: Stabilizing the stock market means stabilizing expectations and confidence. The Central Economic Work Conference was held in Beijing from December 11th to 12th. Why is the central government proposing to "stabilize the stock market" at this time node? What are the considerations behind it? Xue Hongyan, vice president of Xingtu Finance Research Institute, pointed out that the stock market is a barometer of the economy, and its ups and downs reflect the social expectation of the economic development prospects. In this sense, stabilizing the stock market will help to better form a positive and optimistic situation for development. Since the "924" policy shift, the A-share market has ushered in a round of surge, and the bull market has been widely discussed at the social level, which has effectively boosted market confidence. Therefore, in a sense, stabilizing the stock market means stabilizing expectations and confidence. The meeting proposed to deepen the comprehensive reform of investment and financing in the capital market. What is the internal relationship between this and "stabilizing the stock market", and how should the next step of "deepening the comprehensive reform of investment and financing in the capital market" be exerted? Xue Hongyan said that the value of the capital market is mainly reflected in two aspects: one is to serve the high-quality development of the real economy with financing function, and the other is to let investors share more fruits of economic development with investment function, which are mutually causal and indispensable. Xue Hongyan believes that this round of capital market reform, emphasizing on vigorously guiding medium and long-term funds to enter the market, opening up the blocking points of social security, insurance, wealth management and other funds to enter the market, and emphasizing the protection of the interests of small and medium-sized investors, will help fundamentally improve the capital supply and demand structure and micro-ecology, and lay a solid foundation for the long-term cattle market. (The country is a through train)