central bank digital currency and monetary policy- Top snippets

Market News: Egypt condemns Israel's "further occupation of Syrian land" and believes that entering the buffer zone is an attempt to force a new reality on the ground.According to the report, the sales of China's household appliances industry will maintain a low growth rate in 2025. S&P Credit Rating (China) Co., Ltd. (S&P Credit Rating) released a report on the 9th, saying that the sales of China's household appliances industry will maintain a low growth rate in 2025, thanks to the continuous growth of exports and the promotion of the "trade-in" policy for domestic sales. According to the report, in 2025, China's home appliance exports will maintain a relatively high growth rate, and the external environment will have a relatively controllable impact on China's home appliance exports. Specifically, emerging market countries, mainly in the Middle East, Southeast Asia and Africa, have a large demand space for China's household appliances, and the penetration rate of household appliances will continue to increase. In 2025, China head home appliance enterprises will further seize the global share and drive home appliance exports to maintain a high growth rate, relying on the advantages of supply chain and the continuous improvement of brand influence.Dongfang Jincheng: In 2025, the policy interest rate cut may reach 0.5 percentage points. the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on December 9 to analyze and study the economic work in 2025. Dongfang Jincheng judges that in 2025, the central bank will continue to implement vigorous interest rate cuts and RRR cuts, among which the policy rate cuts may reach 0.5 percentage points, which is significantly higher than the rate cut of 0.3 percentage points this year, and the interest rates of various structural monetary policy instruments will also be lowered in a timely manner, thus guiding the financing costs of enterprises and residents to go down. It is not ruled out that in 2025, it is possible to continue to implement a large-scale targeted interest rate cut on residential mortgages by greatly guiding the downward trend of LPR quotations for more than five years. (The Paper)

The Syrian Embassy in Russia hangs the flag of the opposition. At noon on the 9th local time in Moscow, the Syrian Embassy in Russia has raised the flag representing the Syrian opposition in the museum, that is, the green, white and black three-star flag. On the evening of the 8th, the Syrian Embassy in Russia removed the red, white and black two-star flag that originally represented the Syrian government, and the signboard with the Russian name of the Syrian Embassy in Russia was also removed. (Xinhua News Agency)Media: El Salvador will change its pioneering bitcoin practice in exchange for IMF transactions. According to media reports, two people familiar with the matter revealed that El Salvador is expected to reach an agreement with the International Monetary Fund (IMF) on a loan plan of 1.3 billion US dollars in the next two to three weeks. In exchange, El Salvador will change its pioneering practice of using bitcoin as legal tender and reduce the government deficit. A delegation of the International Monetary Fund has arrived in San Salvador to finalize the details of the agreement with the government. People familiar with the matter said that the transaction is expected to release another $1 billion in loans from the World Bank and the Inter-American Development Bank in the next few years. This loan plan must be approved by the board of directors of the International Monetary Fund, which will enable this Central American country to return to the international financial circle after several years of relative isolation. The country passed a law in June 2021, making it the first country in the world to adopt Bitcoin as legal tender. However, the International Monetary Fund opposes El Salvador's adoption of digital currency on the grounds that financial stability and integrity are at risk, and urges the government to stop accepting cryptocurrency as legal tender.Kaitou Macro: The fall of Assad is unlikely to have a major impact on the energy market. Jason Tuvey, an analyst at Kaitou Macro, said that the fall of former Syrian President Assad is not expected to have a major impact on the energy market. The economist said that even at the peak of about 600,000 barrels per day in the early 21st century, Syria's oil production only accounted for a small part of the global oil supply, and since the beginning of the civil war in 2011, Syria's oil production has declined. At present, the country's oil production is less than 100,000 barrels per day, and most of the country's oil infrastructure has been destroyed. In a report to clients, Tuvey said: "Even if the political situation stabilizes, it will take years or even decades to rebuild, and its economy may never return to the pre-war scale. The situation in the energy market is similar. "

Contemporary Amperex Technology Co., Limited's "knife-moving" passenger car business: the CEO became a virtual post, and the horse racing mechanism was implemented. As the penetration of new energy vehicles accelerated in 2025, Contemporary Amperex Technology Co., Limited started the knife-moving adjustment of passenger car business. The most iconic thing is that the business veterans of this battery leader have retreated and turned to the "horse racing" mechanism under the existing system. According to sources, Zhu Wei, the executive director of Contemporary Amperex Technology Co., Limited Passenger Car Division, and Liu Changyan, the former head of Times Changan Company, have been upgraded from level 16 to level 17, but they are no longer responsible for specific business. Instead, Contemporary Amperex Technology Co., Limited's power battery passenger car business will implement the group responsibility system, "including the business that Zhu Wei is responsible for, it will be divided into 12 groups, reporting to Han Wei". According to sources, these groups mainly continue the previous business scope and divide them according to the corresponding customer orientation. Han Wei is the co-president in charge of marketing business in Contemporary Amperex Technology Co., Limited, and was previously the president of commercial vehicle division in Contemporary Amperex Technology Co., Limited. In early 2023, he succeeded Tu Feng as the co-president of Contemporary Amperex Technology Co., Limited market system. "Whoever runs out of these groups will be eligible for promotion." The above-mentioned person said, "Zhu Wei, these veterans, are more likely to play the role of a sponsor." According to the analysis of Contemporary Amperex Technology Co., Limited observers, on the whole, Contemporary Amperex Technology Co., Limited's adjustment is to "make room for veterans who have earned enough stock incentives and are old enough to give way to more aggressive young people". (36Kr)Ministry of Health of Gaza: Since October 7, 2023, 44,758 Palestinians have been killed and 106,134 injured in Israeli military attacks on the Gaza.The executive meeting of the Shanghai Municipal Government will be deployed to upgrade the energy level of Shanghai aviation logistics hub and enhance the management level of historical features protection. Shanghai Mayor Gong Zheng presided over the executive meeting of the municipal government today (9 th), demanding that the overall goal of the municipal government be completed with high quality in accordance with the deployment of the municipal party Committee; Take the lead in exploring new urbanization roads in megacities; Improve the energy level of Shanghai aviation logistics hub; Improve the protection and management level of Shanghai's historical features. The meeting pointed out that this year, the Shanghai Municipal Government's annual overall goal promotion work is strong and orderly, and it is necessary to stick to the goal, compact the responsibility, and pay close attention to implementation, to ensure that the relevant node goals are smoothly promoted as planned this year, and to fulfill the commitments, and at the same time, to do a good job in safety production. It is necessary to carefully plan next year's work, enhance foresight and initiative, proactively respond to various risk challenges, improve pertinence and effectiveness, come up with more practical measures, new measures and ingenious measures, and formulate the overall goal of the municipal government in 2025. It is necessary to sum up experience, maintain confidence, continue to exert efforts in key areas, stabilize stocks, make big increments, activate traffic, and effectively transform the gold content of policies into the development of high quality. The meeting agreed in principle to the "Implementation Plan of Five-year Action Plan for Shanghai to Deeply Implement the People-oriented New Urbanization Strategy" and pointed out that Shanghai's urbanization rate ranks first in the country, and it is necessary to plan and promote Shanghai's new urbanization from a higher starting point. Guided by the general rules, we should continue to improve the core functions of the city, promote the construction of the central city, new cities and new towns, and provide important support for the construction of the "five centers". People-centered, continuously optimize the supply of public services, actively respond to the needs of people's livelihood, and do everything possible to solve the problem of "urgent difficulties and worries". With the support of digital intelligence, we will continue to improve the level of refined governance, promote the innovation of urban management means, models and concepts, deepen the construction of "two networks" and accelerate the construction of smart cities and resilient cities. The meeting agreed in principle to the "Several Measures on Further Improving the Energy Level of Shanghai Aviation Logistics Hub" and pointed out that to build an all-round gateway and compound international aviation hub, it is necessary to build strong "hard facilities", speed up the construction and improvement of Pudong and Hongqiao air cargo hubs and supporting transportation collection and distribution systems, and especially accelerate the construction of infrastructure to adapt to the development of cross-border e-commerce. To optimize "soft service", airports, ports, air traffic control and other units should work closely together, increase cooperation and improve the overall efficiency of airport logistics. It is necessary to create an "ecological circle", ensure the stability, safety, autonomy and controllability of the air cargo supply chain, and attract diversified business entities to take the initiative to participate, build and share. The meeting agreed in principle with the Guidelines for the Protection of Historical Features in Shanghai and pointed out that the protection of historical features and the inheritance of cultural heritage are important contents for Shanghai to build an international cultural metropolis. To grasp the relationship between comprehensive protection and active utilization, we should not only respect history, but also integrate new elements such as humanities, science and technology and fashion to create a new landmark of the city. It is necessary to grasp the relationship between planning guidance and local conditions, not only adhere to overall planning and general planning guidance, but also use a "blueprint" to coordinate all kinds of elements in the style unit, and also show their own characteristics, give play to their endowments and form a unique urban style.