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China Central Economic Work Conference: A Key Indicator for Future Market Trends
Tonight, Chinese concepts soared! The nasdaq Golden Dragon index surged by 10%, while fangdd network doubled directly.
Some analysis indicates that the Political Bureau meeting first mentioned stabilizing the stock and real estate markets, and the US stock market quickly rallied on china assets. The 3x Long FTSE china etf surged over 26%, the 2x Long china internet plus-related stocks rose over 22%, the 2x Long FTSE china 50 ETF increased over 17%, and the 2x Long 300etf gained nearly 15%.
China Will Adopt a "Moderately Accommodative" Monetary Policy in the Next Year, The First Shift to Easing Since 2011
Maxim Group Sticks to Its Buy Rating for Cheche Group (CCG)
Cheche Group: In the third quarter, electric vehicle insurance premiums increased by 121.6% year-on-year.
36kr holdings learned that Cheche Group released its unaudited financial performance report for the third quarter of 2024. The financial report shows that the company's net revenue reached 0.85 billion yuan, a year-on-year increase of 3.3%; net income was 4.1 million yuan, with adjusted net income of 2.6 million yuan. In terms of operational performance, the company's total number of policies reached 4.2 million, a 5% increase year-on-year, with a total premium size of 5.9 billion yuan, a 4% increase year-on-year. Among them, the number of new energy autos policies increased to 0.292 million, a 149.6% increase year-on-year, and the premium for new energy autos insurance reached 0.88 billion yuan, a 121.6% increase year-on-year.
Cheche Group Achieves Profitability Amid NEV Market Growth
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