Midea Group(SZ:000333) Xin Lang Cai Jing·2025-11-12 00:37Market Overview - On November 11, 2025, A-shares saw all three major indices rise, with the Shanghai Composite Index closing at 3933.97 points, up 1.32%, and the Shenzhen Component Index at 13725.56 points, up 1.47% [1] - The Hong Kong stock market experienced a mixed day, with the Hang Seng Index closing up 0.18% at 26696.41 points, while the Hang Seng Tech Index rose 0.15% [1] - In the U.S. market, the S&P 500 Index increased by 1.59% to 5954.5 points, and the Nasdaq Composite Index rose 1.63% to 18847.28 points [1] Monetary Policy - The People's Bank of China emphasized the implementation of a moderately loose monetary policy, aiming to maintain relatively loose social financing conditions and improve the execution and transmission of monetary policy [1] - The report highlighted the importance of aligning social financing scale and money supply growth with economic growth and price level expectations, while promoting reasonable price recovery [1] - The central bank plans to enhance interest rate regulation frameworks and reduce the cost of bank liabilities to lower overall financing costs [1] REITs Development - The National Development and Reform Commission has recommended a total of 105 REITs projects to the China Securities Regulatory Commission, with 83 projects already issued and listed [2] - These projects span various sectors, including toll roads, clean energy, urban heating, ecological protection, and logistics, with a total fund issuance amounting to 207 billion yuan [2] - The expected total investment driven by these projects is over 1 trillion yuan [2]