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Dollar deposits and wealth management are popular again. Experts suggest paying attention to exchange risk. Although it is in the cycle of interest rate reduction by the Federal Reserve, dollar deposit products are still attractive to investors. Since December, a number of bank wealth management subsidiaries have intensively put on shelves US dollar wealth management products. Judging from the rate of return, the performance benchmark of some US dollar fixed-income wealth management products currently launched is close to 5%, but the performance benchmark of RMB wealth management products with the same risk level is mostly around 2%. According to the statistics of Puyi standard data, as of December 9, there were 1,312 surviving products in US dollar financing, and the surviving scale of US dollar financing reached 281.927 billion yuan, which has doubled from the surviving scale of 140.351 billion yuan at the end of December last year. In addition, although banks have previously lowered the interest rate of dollar deposit products, from the current point of view, the interest rate of some banks' dollar deposits remains above 4%, attracting many customers to buy. In addition, the annual interest rates of US dollar deposit products issued by banks such as Ningbo Bank Co., Ltd. and hengfeng bank Co., Ltd. are also between 3% and 4%. According to industry insiders, under the Fed's interest rate cut cycle, the main reason for the high heat of dollar wealth management and dollar deposits is the exchange rate expectation of a strong dollar. If the market expects the US dollar to appreciate or remain stable, holding US dollar assets (such as US dollar wealth management and US dollar deposits) can benefit from the potential exchange rate appreciation even if interest rates fall. In addition, in order to diversify risks, some investors choose to allocate part of their funds to US dollar assets to realize diversification of asset allocation. (Securities Daily)Aiming at the low-interest inclusive credit intermediary packaging, I recently visited a number of loan intermediaries and found that these companies are very similar in business layout and office space. The bank logo on the wall is standard, and the daily performance information of loan managers is scrolled on the electronic screen hanging at the entrance. Observing the screen, it is not difficult to find that the Pratt & Whitney mortgage loan for small and micro enterprises is the main product of loan managers in the near future. Customizing shell companies for borrowers according to bank audit requirements to apply for mortgage loans has become a routine means for loan intermediaries to attract customers. Although many banks explicitly require that cooperation with loan intermediaries is not allowed, the attitude of bank branches and grassroots employees towards loan intermediaries is ambiguous. According to industry insiders, inclusive loans are special loans that benefit small and micro enterprises, farmers and other special groups and must be implemented. With the implementation of the financing coordination mechanism for small and micro enterprises, banks and enterprises are expected to achieve accurate docking, so that credit resources can flow to small and micro enterprises with real financing needs. (CSI)Yibin Paper: There is uncertainty in the acquisition of 67% equity of Acetic Fiber Company. Yibin Paper issued a risk warning announcement, and the company plans to acquire 67% equity of Sichuan Pushi Cellulose Acetate Co., Ltd. held by related party Yibin Pushi Group Co., Ltd. As of July 31, 2024, according to the audited financial data, the total liabilities of Acetic Fiber Company were 971,116,800 yuan, and the asset-liability ratio was 88.31%. It is expected that related funds will flow out in the future. The transaction has yet to be reviewed and approved by the company's shareholders' meeting and procedures such as handling industrial and commercial change registration, and subsequent implementation is uncertain. According to the data released by CSI official website, the latest P/B ratio of papermaking and packaging owned by the company is 1.69 times, and the latest P/B ratio of the company is 8.43 times. The current P/B ratio of the company is quite different from that of the same industry.

Bank of America promoted 387 new managing directors, an increase of 16% compared with last year. According to informed sources, Bank of America promoted 387 employees to managing directors, an increase of 16% compared with last year's total. People familiar with the matter said that more than half of those promoted to managing director were women or ethnic minorities.The settlement price of international crude oil rose by over 2%. As of the close of the day, the futures price of light crude oil delivered in January 2025 in the New York Mercantile Exchange rose by 1.70 US dollars to close at 70.29 US dollars per barrel, an increase of 2.48%; London Brent crude oil futures for delivery in February 2025 rose by $1.33 to close at $73.52 per barrel, an increase of 1.84%.Foreign investment increased by 9.7% in the first 10 months. China enterprises need multiple supporting escorts to "go global". At present, it has become the general trend for China enterprises to "go global". The data from January to October 2024 recently released by the Ministry of Commerce shows that the amount of foreign direct investment in China's whole industry has increased steadily. Statistics from the Ministry of Commerce and the foreign exchange bureau show that from January to October 2024, China's foreign direct investment in the whole industry was 135.87 billion US dollars, up 9.7% year-on-year. From large-scale infrastructure enterprises to build traffic arteries overseas, to technology companies to set up R&D centers in foreign countries, and then to manufacturers to lay out overseas factories, China enterprises have a wide and in-depth overseas footprint. However, it is worth noting that in the increasingly complex international environment, the support of professional supporting services is very important for China enterprises in the process of "going global". (SSE)

Turkish President Erdogan: We have reached a joint memorandum with Ethiopia and Somalia.The concept of high-speed copper connection is very popular. Recently, benefiting from the explosive demand growth of AI computing power, the market funds focus on the supporting concept of high-speed copper connection in the upper reaches of NVIDIA. On December 11th, a number of high-speed copper connection concept stocks rose sharply, with Zhaolong Interconnect rising by 12.58%, Woer Nuclear Materials by 8.70%, Shenyu Shares by 4.77% and Derun Electronics by 4.99%. High-speed copper connection, also known as high-speed connector, is a core data transmission component, which constitutes an efficient signal transmission system. Manager Public Offering of Fund said that the concept stocks of high-speed copper connection continued to rise, which actually benefited from the explosion of demand for AI computing power. Invista once introduced at GTC2024 that NVL72 uses copper cable interconnection to save costs significantly compared with optical modules. Shanxi Securities predicts that the new market of high-speed copper cable brought by GB200 will be close to 6 billion US dollars in 2025, and the usage scenarios of high-speed copper cable will continue to expand. It is found that a number of public and private equity funds have heavily invested in the concept stocks of high-speed copper connections that have risen recently in the third quarter. There are also fund managers who heavily invested in related stocks in the second quarter, but significantly reduced their positions in the third quarter, missing the rise of concept stocks in the fourth quarter. There are also some fund managers who continue to be optimistic about the stimulation of the demand of upstream industries caused by the outbreak of AI computing power, and have successively added high-speed copper connection concept stocks. (Securities Times)It's a mystery to say "no" to the influx of large amounts of funds, and the public offering products are setting off a wave of "restricted purchases". Whether it is an active equity fund, a debt-based fund or QDII fund, many outstanding products have recently announced the suspension of large-scale subscription, and even some funds have chosen to directly adjust the subscription threshold to 0 yuan and suspend all subscription operations. Some insiders said that there is another mystery for fund companies to suspend large-scale subscriptions. As the end of the year approaches, the market gradually enters the stage of differentiation. At this time, the purchase restriction is likely to come from the consideration that the fund manager hopes that the capital side will be more stable. (CSI)