LuminousQuasar (luminousqusar)

December 31, Wednesday High-level Voices: The Ministry of Finance and the State Taxation Administration issued an announcement: Starting from 2026, for individuals selling housing purchased less than 2 years ago, the VAT levy rate will be reduced from the previous 5% to 3%; housing held for 2 years or more will be exempt from VAT. Overall Impression: Yesterday, the Shanghai Composite Index fell slightly, ending its 10-day consecutive rise. The Al sector rose due to the impact of Manus being acquired; however, this is a paradox because if Manus had not relocated abroad, it would never have had the opportunity to be acquired. This means that Al companies staying in China have no future— so why is the sector still rising? The Ministry of Finance and Taxation Administration jointly reducing taxes on real estate transactions is the most substantial and practical policy benefiting the property market this year.

• 0 replies
• 0 recasts
• 0 reactions

December 30, Friday High-level Voices: Data released by the Ministry of Finance shows that from January to November, state-owned enterprises achieved total operating revenue of 75.63 trillion yuan, up 1% year-on-year. Overall Sentiment: Yesterday, the power sector in the A-share market declined sharply. The main reason was the release of long-term contracted electricity prices in Guangdong and Jiangsu, the two major manufacturing provinces-both saw significant drops. Historically, years in which both provinces experienced declines only occurred in 2024. Last year it could still be explained as an anomaly, but consecutive declines will gradually form a trend. This topic remains completely censored domestically. In short, it is the effect of new energy substitution. Yesterday in the A-share market, only the Shanghai Composite Index managed to close in the green despite stubborn resistance, while U.S. stocks continued to fall overnight.

• 0 replies
• 0 recasts
• 0 reactions

December 29, Monday High-level voices: China's industrial enterprise profits in November fell 13.1% year-on-year, marking the largest decline in over a year. Overall sentiment: Although the officially released data still covers January to November, showing that national industrial enterprises above designated size achieved total profits of 6.62686 trillion yuan, up 0.1% year-on-year, the sharp drop in November's single-month profits cannot be concealed. This data should be relatively reliable, mainly because profits are subject to taxation—false reporting would cause bigger problems, so everyone tends to report more realistically. U.S. stocks fell overnight, so today is likely another trading day that requires intervention from the national team.

• 0 replies
• 0 recasts
• 0 reactions

Tuesday, September 24 High-Level News: • On Tuesday, Pan Gongsheng, Governor of the People's Bank of China, will hold a press conference with two other officials to discuss financial support for economic development. Shortly after this announcement, the People's Bank of China reduced the 14-day reverse repurchase rate, matching the cut from July. Overall Sentiment: • Yesterday, the State Council Information Office announced that a press conference will be held at 9:00 AM on Tuesday, where the Governor of the People's Bank of China, and other two financial officers will be present. Following the announcement, the reduction of the reverse repo rate was seen as the first step in official interest rate cuts, leading to various market rumors, mainly focusing on reducing existing home mortgage rates and lifting the purchase restrictions in Beijing and Shanghai. • Due to expectation management, failing to meet these expectations would be considered below market expectations.

• 0 replies
• 0 recasts
• 2 reactions

nice moth

• 0 replies
• 0 recasts
• 1 reaction

February 11, Tuesday High-level Voices: Premier Li Qiang of the State Council presided over a State Council executive meeting to discuss measures to boost consumption. The meeting emphasized strong support for increasing residents' income, promoting reasonable growth in wage income, supporting the rapid development of new types of consumption, and promoting "Al + consumption" Overall Sentiment: Both A-shares and H-shares continued to rise, with the market adhering to the longstanding post-Spring Festival trend shift. The breakthroughs in the DS model and box office records during the Spring Festival gave a boost of energy. The three major telecom operators saw a significant rise just after announcing their integration with the DS model. Trump announced plans to impose a 25% tariff on steel and aluminum imports. This time, the measures are not directed at any specific country but apply to all countries involved.

• 0 replies
• 0 recasts
• 0 reactions

February 13, Thursday High-level Voices: • The U.S. January non-seasonally adjusted CP| rose by 3% year-over-year, expected to rise by 2.9%, previous value rose by 2.9%; after seasonal adjustment, CP| rose by 0.5% month-over-month, expected to rise by 0.3%, previous value rose by 0.4%. Overall Sentiment: • The U.S. January CP| was higher than market expectations, further dampening hopes for a U.S. rate cut. Traders have shifted their bets from a September rate cut to a December one, meaning if inflation data continues to exceed expectations, there might not be a rate cut in 2025. • Maintaining high interest rates in the U.S. impacts the exchange rates of other currencies against the dollar. Here, we actually hope more than the U.S. that they cut rates; a persistent high interest rate differential will continue to pressure the RMB exchange rate.

• 0 replies
• 0 recasts
• 0 reactions