Yiwu, Zhejiang Province paid a premium of 55%, and the unit price of a residential land was 10,286 yuan. Yiwu, which is under the jurisdiction of Jinhua City, Zhejiang Province, sold a residential land on December 9. The plot is located in the southeast of the intersection of Futian Road and Datong Road, Futian Street, Yiwu City. The land use is urban residential land, commercial and financial land and commercial land. The construction land area is 24,009.03 square meters, the planned construction area is 55,220.77 square meters, and the floor area ratio is 2.3. The starting price is about 366 million yuan, and the starting floor price is 6,628 yuan/square meter. After 161 rounds of bidding, the plot was finally won by Yiwu Xinsheng Real Estate Development Co., Ltd., a local private enterprise in Jinhua, Zhejiang New Era Real Estate Group Co., Ltd., with a total price of 568 million yuan, with a floor price of 10,286 yuan/square meter and a premium rate of 55.19%.Interpretation of Guangfa Strategy December Politburo Meeting: The change of policy tone "not seen for several years" is more direct to the determination to support the stability of the equity market and the real estate market. Guangfa Strategy Review December Politburo Meeting said that although the draft of the meeting did not involve specific economic target figures, the change of policy tone was "not seen for several years": (1) "Strengthening unconventional countercyclical adjustment" appeared for the first time in the draft of the conference, and we understand that this may well mean that the official target of deficit ratio will be unconventional. (2) "Moderately loose monetary policy" has reappeared since July 2010, and it has been "steady" during the period. Even in the 14-15 monetary easing cycle, there was no adjustment of this wording, which paved the way for the expectation of monetary easing in 25 years; (3) The "more active fiscal policy" has reappeared since July 2020. Under the special background of the 20-year epidemic, the official target of deficit ratio in that year was set at 3.6%, which was the highest since 2010. The change of tone after four years also indicates that the deficit space in 25 years is expected to be further opened. Specific to economic work, the first priority is to "expand domestic demand", and the expression of "stabilize the property market and stock market" is more straightforward: the importance of expanding domestic demand is unquestionable, which alleviates the concern of "whether to only resolve risks and lack demand stimulation" in the early stage of the market; In September, the Politburo meeting stated that the stock market should strive to boost the capital market and the property market should "promote the real estate market to stop falling and stabilize". This meeting was more direct in its determination to support the stability of the equity market and the real estate market.China index rose by more than 10%, Fangduoduo rose by about 120%, YINN rose by more than 25%, Nasdaq Jinlong China index rose by more than 10%, and China stock index rose by more than 119%. YINN, Tiger Securities, Baozun KWEB-commerce, Xinyuan Real Estate, Futu Holdings, Financial Yitong and Dada rose by more than 20%, and bilibili, Land Control, Shell and Weilai.
At the beginning of the session, most US stocks of industry ETFs fell, while semiconductor ETFs fell by 1.12%, technology ETFs and banking ETFs fell by at least 0.3%, network stock index ETFs rose by over 0.2%, and energy ETFs and optional consumption ETFs rose by about 0.8%.WTI crude oil rose more than 2.00% in a day, and now it is reported at 68.33 USD/barrel; Brent crude oil is now up 1.8%.Domestic futures closed at night, with coke up 5.6%, glass up about 5%, coking coal and synthetic rubber up over 4%, rebar up over 3% and iron ore up about 2.7%.
Wang Wentao, Minister of Commerce, met with Coleman, Secretary-General of the OECD, and Wang Wentao, Minister of Commerce, met with Coleman, Secretary-General of the Organization for Economic Cooperation and Development, in Beijing on December 9 to have an in-depth exchange of views on the world economic situation and further deepening bilateral cooperation. Wang Wentao pointed out that China is willing to share policy experience, conduct personnel exchanges and promote pragmatic cooperation with the OECD in the fields of trade and investment, digital economy and green development. It is hoped that the OECD can continue to give full play to the advantages of the "incubator" of global high-standard international rules, work with China to promote the construction of an open world economy and oppose protectionism. Coleman spoke highly of China's achievements in realizing economic development and opening wider to the outside world, and said that China's strong economic growth has played an important supporting role in the global economy. He is willing to cooperate more closely with China in the fields of climate change and service trade, oppose protectionism and jointly meet global challenges.Valin Steel: The subsidiary plans to invest 2.499 billion yuan to build the technology development and industrial application project of extra-large diameter seamless steel pipe continuous rolling. Valin Steel announced that the subsidiary Valin Henggang plans to invest 2.499 billion yuan to build the technology development and industrial application project of extra-large diameter seamless steel pipe continuous rolling, and build the first advanced continuous rolling pipe production line with the largest diameter in the world. The construction period of the project is 18 months. After completion, Valin Henggang can realize the continuous rolling production of extra-large diameter seamless steel pipes with an outer diameter of φ 323 mm ~ 610 mm and a wall thickness of 7.3 mm ~ 60 mm. The project is funded by bank loans of 1-1.5 billion yuan, shareholders' capital increase of 1 billion yuan and their own funds.Valin Steel: Valin Steel increased its capital by 1 billion yuan. Valin Steel announced that in order to support its subsidiary Valin Steel to implement the technology development and industrial application project of extra-large diameter seamless steel pipe continuous rolling, the company and Hunan Iron and Steel Group intend to increase its capital by 1 billion yuan in the same proportion. Among them, Hunan Iron and Steel Group invested 140.9 million yuan and Valin Steel invested 859.1 million yuan. The capital increase price is determined based on the net asset value of the 2023 annual audit report of Valin Henggang audited by Tianjian Certified Public Accountants on December 31, 2023.