市场交易活跃，北交所发布债券业务指南

Core Insights - The North Exchange 50 Index experienced a weekly increase of 0.57%, with 110 out of 260 listed companies showing positive growth. The top performers included Kolon New Materials (+291.71%) and Huifeng Diamond (+80.42%), while the largest decline was seen in Guangdao Digital (-31.41%) [2][17]. - The overall trading activity on the North Exchange remains high, with an average daily trading volume of approximately 341.48 billion yuan, a slight increase from the previous week's 328.16 billion yuan. The total trading volume for the week was 1,707.38 billion yuan, with a turnover rate of 55.76%, significantly higher than other boards [2][10][13]. - The North Exchange has released three bond business guidelines to enhance its bond market system and better support the financing needs of enterprises [2]. Market Overview - As of December 7, 2024, the overall price-to-earnings (P/E) ratio for the North Exchange is approximately 43.2 times, slightly down from the previous week. The media industry has the highest average P/E ratio at 2347.1 times, followed by light manufacturing (247.2 times) and basic chemicals (193.1 times) [3][34]. - The North Exchange's trading activity remains robust, with a total trading volume of 1,707.38 billion yuan for the week, reflecting a 4.06% increase from the previous week [10][13]. Investment Strategy - The North Exchange is considered to have investment value due to its active trading and steady new stock issuance. Recommended investment strategies include focusing on high-growth companies with strong R&D investment, state-owned enterprises with high return on equity and low operational risk, companies benefiting from capacity release and mergers, and those with high dividend yields [3][34]. Company Announcements - Key announcements from North Exchange companies this week included business progress updates from Deyuan Pharmaceutical, Zhongcheng Technology, and others, as well as asset purchases and project adjustments [40][41].