From the 13th to the 15th of this week, the central bank will release financial data such as December social financing and new RMB loans at irregular intervals. In addition, data such as the year-on-year growth rate of total retail sales of consumer goods in December and the year-on-year growth rate of industrial added value above designated size in December will also be released soon.
More importantly, this Friday, China's GDP data for 2024 will be bosnia and herzegovina telegram data released, and the State Council Information Office will hold several press conferences this week, which may have an important impact on the trends of A-shares and Hong Kong stocks.
In addition, China's 10-year treasury bond yield has continued to run at a low level below 1.7% recently, the negative interest rate gap between China and the United States has widened rapidly, and the exchange rate has also fluctuated at a low level. The central bank is currently facing dual constraints from the interest rate and exchange rate markets. To this end, the central bank announced on the 10th that it would suspend open market treasury bond purchases from January 2025.
However, this does not mean that liquidity will face tightening in the future. We also see some positive factors through last week's policies.