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Wen Bin, chief economist of Minsheng Bank: The "scissors gap" between M2 and M1 continues to narrow, reflecting the positive trend of the economy. "The total financial volume has grown steadily, and the liquidity is reasonable and abundant, which has maintained strong support for the real economy." Wen Bin, chief economist of China Minsheng Bank, believes that the year-on-year growth rate of narrow money (M1) balance rebounded in November compared with last month, and the "scissors gap" between M2 and M1 continued to narrow, reflecting the positive economic trend. Wen Bin introduced that the medium and long-term loans of households in China are mainly personal housing mortgage loans. With the real estate financial policy taking effect, the phenomenon of early repayment of personal loans has been significantly reduced, and personal loans will continue to stabilize and rebound. The recent improvement of commercial housing transaction data and financial data confirms each other, and the confidence of the real estate market and residents is further enhanced.The NASDAQ 100 index rose to about 1.2%, and Broadcom, a constituent stock, rose by more than 21%, Maiwell Technology rose by 9.8%, ARM rose by 4.5%, Micron Technology rose by 4.1%, Ram Research rose by 1.8%, ASML ADR rose by 1.5%, and Grail, a biotechnology company, rose by 1.8%.China Institute of Building Research signed a strategic cooperation agreement with Huawei, and China Institute of Building Research Co., Ltd. signed a strategic cooperation agreement with Huawei Technologies Co., Ltd. According to the agreement, the two sides will deepen cooperation around the digital and intelligent transformation of the construction industry.

Faba Bank: The Fed will formulate policies in consideration of inflation risks. Economists at Faba Bank wrote that it may be difficult for Fed officials to formulate and discuss monetary policies "without being involved in the debate on President-elect Trump's potential economic policies". They expect FOMC to cut interest rates by 25 basis points next week, as reflected by the market. They added that Federal Reserve Chairman Powell "may use the press conference to provide options for further relaxing the suspension of monetary policy." They don't expect him to directly comment on Trump's policies, "but FOMC will formulate policies consistent with managing high inflation risks," economists said.Japanese people protested against sexual violence by US troops stationed in Japan. On the evening of 13th, Japanese people held a rally outside the Japanese Foreign Ministry in Tokyo to protest against sexual violence by US troops stationed in Japan. (Xinhua News Agency)Zhuhai Zhongfu: The controlling shareholder and actual controller intend to change. Zhuhai Zhongfu announced that the company intends to issue A shares to a specific target, with a planned number of 321,224,764 shares, and the total amount of funds raised is 822 million yuan. Xunzhen Investment intends to subscribe for the shares issued by the company in cash. After the completion of this issuance, the controlling shareholder and actual controller of the company will change. Before this issuance, the controlling shareholder of the company was Xinsi Road, and there was no actual controller. After this issuance, the controlling shareholder will be changed to Xunzhen Investment, and the actual controller will be changed to Yu Timing. The issuance still needs to be approved by the company's shareholders' meeting, examined and approved by Shenzhen Stock Exchange and approved by China Securities Regulatory Commission.

 Increase the countercyclical adjustment of macro policies. A series of reform measures will be introduced next year. From the national development and reform work conference held by the National Development and Reform Commission, we learned that in order to fully implement the spirit of the Central Economic Work Conference, we will increase the countercyclical adjustment of macro policies next year, and solidly promote economic stability, structural improvement and development trend. The relevant person in charge of the National Development and Reform Commission said that a more active and promising macro policy will be implemented next year to enhance the consistency of macro policy orientation.CapitaMacro: The new French Prime Minister has a long way to go. Jack Allen-Reynolds, an analyst at CapitaMacro, wrote in a report to clients that if the new French Prime Minister wants to form a government and solve the country's troubled financial problems, he will face arduous tasks. Francois bayrou, a veteran centrist politician, was appointed as prime minister by President Macron on Friday. He must now form a government because his short-lived predecessor, Michelle Banier, tried to force through budget legislation and was overthrown by the National Assembly. Bayrou may face the same battle. Reynolds said: "The government seems unlikely to have the will and ability to solve France's financial problems." France's budget deficit this year will further expand, further exceeding the level that European authorities think can be tolerated.