Group 1: Domestic Policy Developments - Xi Jinping's visit to Guangdong emphasized the province's role as a leader in reform and opening up, focusing on high-quality development and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area [11][12] - The 8th China International Import Expo in Shanghai showcased a record number of participating companies, highlighting China's vast market potential and commitment to global trade [13][14] - The establishment of a new Debt Management Department by the Ministry of Finance aims to enhance domestic debt management and implement more proactive fiscal policies [24] Group 2: Market Analysis - The A-share market saw a collective slight increase, with the Shanghai Composite Index rising over 1% and the CSI 300 Index increasing by 0.82% [25] - The China Securities Regulatory Commission (CSRC) announced the implementation of the Securities Settlement Risk Fund Management Measures, effective December 8, 2025, to enhance risk prevention in the securities market [26] - The Producer Price Index (PPI) showed a month-on-month increase for the first time this year, indicating improved supply-demand dynamics in certain industries [27][28]
政策与大类资产配置周观察：亲赴改革开放第一线
Tianfeng Securities·2025-11-11 10:13