China Central Economic Work Conference: A Key Indicator for Future Market Trends

Moomoo News Global05:38 ET

China Auto Body Seeks Subsidy Extension as EV Exports Take Hit

BNN Bloomberg03:15 ET

Aim for 30 million vehicles for the whole year, with RBOB Gasoline vehicles experiencing a "four consecutive months increase". The China Association of Automobile Manufacturers calls for early implementation of consumer promotion policies next year.

1. The domestic sales of traditional fuel Passenger Vehicles reached 1.21 million units, a decrease of 0.105 million units compared to the same period last year, with a month-on-month growth of 16.2% and a year-on-year decline of 8%. 2. Chen Shihua, deputy secretary-general of the China Automobile Industry Association, urged that relevant policies to promote Consumer spending on Autos continue next year and be implemented as soon as possible.

cls.cn02:06 ET

The performance of auto stocks is divergent. Nio (09866) fell by 3.16%. Institutions say that after December, the auto market will enter the consumer off-season, and caution is needed regarding fluctuations in the auto sector stock prices.

Jinwu Financial News | The performance of automotive stocks is mixed. As of the time of publication, NIO (09866) is down 3.16%, Evergrande Auto (00708) is down 2.08%, Xpeng Motors (09868) is down 1.17%, Great Wall Motor (02333) and Li Auto (02015) are also down. On the other hand, Guangzhou Automobile Group (02238) is up 3.11%, Peking Automotive (01958) is up 1.28%, LEAPMOTOR (09863) is up 1.38%, and Geely Automobile (00175) is up 1.02%. In terms of news, BOCOM INTL released the monthly report for the automotive Industry, forecasting passenger vehicle sales for November 2024.

Jinwu Financial News00:20 ET

Hong Kong stock morning report on December 11: Citic Lyonn claims to be Bullish on the KUAJINGZIJIN flow and IPO recovery of the Hong Kong Stock Exchange, with SenseTime's share placement financing nearly 2.8 billion Hong Kong dollars directed towards cor

① CITIC Securities is Bullish on the flow of KUAJINGZIJIN and the recovery of IPOs at the Hong Kong Stock Exchange. ② SenseTime's share placement financing of nearly 2.8 billion yuan is used for the development of core Business. ③ HUA HONG SEMI's 12-inch production line at the Wuxi base has been completed and is in production. ④ The Shanghai Stock Exchange will review Guolian Securities' additional share issuance and acquisition matters next week.

cls.cn19:10 ET

Everbright: The impact of the vehicle trade-in subsidy for the entire year is far better than expected. Bullish on investment opportunities in the Autos Sector driven by policy support.

The Politburo meeting has prioritized loose policies and boosting consumer activity, which are highly relevant to the Autos industry.

Zhitong Finance18:34 ET