同时，深化住房公积金制度改革。实施物业服务质量提升行动。(完) 住建部部署稳楼市：控增量、去库存、优供给 中新社北京12月23日电 (记者 庞无忌)12月22日至23日，全国住房城乡建设工作会议在北京召开。会议 在部署2026年重点工作时提及着力稳定房地产市场。 会议指出，着力稳定房地产市场，重点是：因城施策控增量、去库存、优供给，结合城市更新、城中村 改造盘活利用存量用地，推动收购存量商品房用作保障性住房、安置房、宿舍、人才房等。 会议还表示，优化和精准实施保障性住房供应，实施房屋品质提升工程，有序推进"好房子"建设；进一 步发挥房地产项目"白名单"制度作用，支持房地产企业合理融资需求。 会议称，城市政府要用足用好房地产调控自主权，适时调整优化房地产政策，支持居民刚性和改善性住 房需求，推动房地产市场平稳运行；加快构建房地产发展新模式，有序搭建基础性制度，在房地产开发 上，做实房地产开发项目公司制。在房地产融资上，推行主办银行制。在商品房销售上，推进现房销售 制，实现"所见即所得"，从根本上防范交付风险。继续实行预售的，规范预售资金监管，切实维护购房 人合法权益。 来源：中国新闻网 编辑：付健青 广告等商务 ...

记者：王优玲 编导：徐宁 新华社音视频部制作 【纠错】 【责任编辑:谷玥】 ...

记者 辛圆 据《中国建设报》消息，全国住房城乡建设工作会议12月22日-23日在北京召开，会议全面盘点2025年 工作，研究部署"十五五"时期和2026年重点任务。 在部署明年重点工作时，会议提到，要着力稳定房地产市场，重点是因城施策控增量、去库存、优供 给，结合城市更新、城中村改造盘活利用存量用地，推动收购存量商品房用作保障性住房、安置房、宿 舍、人才房。 从库存指标来看，当前全国百城去库存周期处于历史新高，去库存压力较大。易居研究院全国百城库存 报告显示，11月全国百城去库存周期已为27.4个月，为历史新高。 易居房地产研究院副院长严跃进对智通财经表示，着力稳定房地产市场的关键在于去库存，需提升去库 存的能力与动力，挖掘新的需求点。 "后续土地供应在量上需适度控制，同时在结构上需优化，更加围绕职住平衡、轨道交通以及老百姓认 可的好房子，在区域、地段、户型等方面优化供给。"严跃进说。 广东省住房政策研究中心首席研究员李宇嘉对智通财经表示，去库存工作重回政策重心，2026年也要进 一步细化供给策略，比如探索按照行政区的去化周期来决定开工和供地等。 会议同时提到，优化和精准实施保障性住房供应，实施房屋品质提升工 ...

Core Viewpoint - The article emphasizes the need to stabilize the real estate market in China through targeted policies and measures, focusing on inventory reduction, supply optimization, and the promotion of affordable housing initiatives [1]. Group 1: Policy Measures - The Ministry of Housing and Urban-Rural Development stresses the importance of city-specific policies to control supply, reduce inventory, and optimize housing supply [1]. - There is a push for the acquisition of existing commercial housing for use as affordable housing, relocation housing, dormitories, and talent housing [1]. - The article highlights the need for a quality improvement initiative for housing and the orderly promotion of "good housing" construction [1]. Group 2: Financing and Development - The article discusses the role of the "white list" system for real estate projects to support reasonable financing needs of real estate companies [1]. - It calls for city governments to effectively utilize their autonomy in real estate regulation, adjusting policies to support both rigid and improved housing demands [1]. - The article proposes a new model for real estate development, emphasizing the establishment of a project company system and a main bank system for financing [1]. Group 3: Sales and Consumer Protection - The promotion of a "see it, buy it" approach in property sales aims to fundamentally mitigate delivery risks [1]. - For those continuing with pre-sales, there will be a focus on regulating pre-sale fund supervision to protect the legal rights of homebuyers [1]. Group 4: Community and Service Improvement - The article mentions the deepening of housing provident fund system reforms and the implementation of property service quality enhancement actions [1]. - It explores new operational models for community organizations, including coordination between community committees, homeowners' committees, and property service companies [1]. - The article advocates for a "property service + life service" model to promote property services directly into households [1].

Core Viewpoint - The National Housing and Urban-Rural Development Work Conference emphasizes stabilizing the real estate market through targeted policies and measures to manage supply and demand effectively [1] Group 1: Policy Measures - The Ministry of Housing and Urban-Rural Development, led by Minister Ni Hong, focuses on city-specific strategies to control new supply, reduce inventory, and optimize supply [1] - There is a push for utilizing existing land through urban renewal and village redevelopment, including acquiring existing commercial housing for affordable housing and other uses [1] - The government aims to enhance the quality of housing supply and implement a housing quality improvement project to promote the construction of "good houses" [1] Group 2: Financing and Sales - The conference highlights the importance of the "white list" system for real estate projects to support reasonable financing needs of real estate companies [1] - Local governments are encouraged to utilize their autonomy in real estate regulation to adjust policies that support both rigid and improved housing demands [1] - The introduction of a main bank system for real estate financing and a shift towards selling existing homes to mitigate delivery risks are also emphasized [1] Group 3: Institutional Reforms - The reform of the housing provident fund system is set to deepen, aiming to improve service quality in property management [1] - New operational models are being explored for community organizations and property service companies under the leadership of community party organizations [1] - The initiative to integrate property services with daily life services aims to enhance the overall living experience for residents [1]

今 日 早 评 重点品种： 【短评-焦煤】Mysteel统计独立焦企全样本：产能利用率 为72.05%，减1.11%；焦炭日均产量63.00万吨，减0.98万吨； 焦炭库存91.10万吨，增3.78万吨；炼焦煤总库存1036.29万 吨，减1.01万吨；焦煤可用天数12.4天，增0.18天。评：供应 端，产地部分前期换工作面的煤矿恢复生产，但随着完成年度 任务减产的煤矿继续增加，国内供应依旧偏紧。需求端，焦炭 产量小幅回落，中下游按需采购为主，上游煤矿累库放缓。整 体上，低估值下盘面低位持续反弹，现货端采购积极性有所回 升，线上竟拍成交稍有改善。随着年关将近，冬储力度逐渐加 大，焦煤基本面延续边际改善，盘面估值仍有修复空间。 【短评-白银】美国白宫国家经济委员会主任哈塞特表示， 与古尔斯比观点一致，当前仍存在充足的降息空间。特朗普希 望美联储主席能够作出独立判断，特朗普助手们将在佛罗里达 讨论住房政策，预计很快将在新年宣布"重大"住房计划。 评：目前关于未来降息的分歧有所加强，但是对政府的各种刺 激政策的预期增加，提振风险偏好。降息预期对贵金属存在支 撑，整体来看，降息周期对白银依然偏多支撑。关注黄金波动 对 ...

Core Viewpoint - The central economic work meeting emphasizes a positive outlook for China's economy, projecting a growth rate of around 5% for 2025, with the total economic output expected to reach approximately 140 trillion yuan [1] Group 1: Macroeconomic Policies - China will continue to implement more proactive fiscal and monetary policies in 2026, maintaining necessary fiscal deficits and debt levels while optimizing fiscal expenditure structures [2] - The total government bond issuance for 2025 is projected to be 11.86 trillion yuan, with a deficit rate expected to rise to around 4% [2][3] - Monetary policy will focus on maintaining liquidity and supporting economic growth, with tools such as interest rate cuts and reserve requirement ratio adjustments being utilized flexibly [3][4] Group 2: Income and Employment - A series of measures to promote income growth and stabilize employment are expected in 2026, including the implementation of a plan to increase urban and rural residents' income [5][6] - The government aims to enhance the basic pension for residents and improve consumption capacity, with a focus on ensuring that income growth aligns with economic growth [6][8] Group 3: Consumption and Investment - Expanding domestic demand is a top priority for 2026, with a shift from goods consumption to a balanced focus on both goods and service consumption [9] - Investment is expected to stabilize, with a focus on infrastructure and social welfare projects, while also encouraging private investment in high-tech and service sectors [10][11][12] - The government plans to enhance investment in areas such as urban renewal, healthcare, and childcare, while also leveraging government funds to stimulate private sector investment [11][12]

Core Viewpoint - The 2025 Central Economic Work Conference emphasizes the need for a stable economic environment while addressing challenges and opportunities for growth, focusing on a resilient and high-quality development path for the economy [4][5]. Economic Performance and Outlook - The overall economic operation is stable, with a projected GDP growth of around 5% for 2025, leading to an economic total of approximately 140 trillion yuan [5]. - Employment remains stable, with significant growth in foreign trade and diversified exports [5]. - The economy is expected to face challenges, including external environmental changes and domestic supply-demand imbalances, but the long-term positive trends and advantages of the Chinese economy remain intact [8]. Modern Industrial System and Innovation - Continuous progress in building a modern industrial system is noted, with advancements in new productive forces and significant achievements in technology innovation, particularly in AI, biomedicine, and robotics [6]. Reform and Opening Up - New steps in reform and opening up are highlighted, including the deepening of the national unified market and active capital market [7]. - Positive progress in risk resolution in key areas, such as local government debt management and the completion of housing delivery tasks, is acknowledged [7]. Social Welfare and Employment - Enhanced social welfare measures, including childcare subsidies and free education for one year before primary school, are being implemented [8]. - The employment situation is stable, with over 12 million new urban jobs created by November, achieving the annual target ahead of schedule [29]. Macroeconomic Policy - The continuation of a proactive fiscal policy and a moderately loose monetary policy is planned for the next year, focusing on maintaining fiscal sustainability and enhancing the effectiveness of financial support for the real economy [9][12]. - Emphasis on expanding domestic demand as a priority task, with measures to boost consumption and investment [13][14]. Regional Development and Coordination - The conference outlines strategies for promoting regional coordinated development, focusing on the integration of urban and rural areas and enhancing the development capabilities of major economic provinces [24][26]. Green Transition and Carbon Neutrality - The commitment to achieving carbon neutrality is reinforced, with plans to advance carbon peak strategies and develop a new energy system [27][28]. Real Estate Market Stability - The need for a stable real estate market is emphasized, with strategies to balance supply and demand, support enterprise transformation, and establish a new development model for the sector [31][33].

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - On Wednesday, the futures prices of the container shipping index (European route) declined collectively. The main contract EC2602 closed down 0.68%, and the far - month contracts closed down between 1% - 2%. The latest SCFIS European route settlement freight rate index rebounded 1.46 points from last week, up 0.1% month - on - month. The improvement in the trade war situation and the arrival of the shipping peak season are beneficial to the recovery of futures prices. The geopolitical situation has reached a stalemate, and its impact on freight rates has weakened in the short term. The current freight rate market is mainly affected by seasonal demand. It is recommended that investors be cautious, pay attention to the operation rhythm and risk control, and track geopolitical, shipping capacity and cargo volume data in a timely manner [1] 3. Summary by Relevant Catalogs 3.1 Futures Market Data - EC main contract closing price: 1699.800, down 11.7; EC second - main contract closing price: 1124.1, down 6.3. EC2602 - EC2606 spread: 416.10, up 19.3; EC2602 - EC2604 spread: not provided; EC contract basis: - 189.34, down 13.00. EC main contract open interest: 31971, down 512 [1] 3.2 Spot Market Data - SCFIS (US West Line) (weekly): 924.34, down 36.15; SCFIS (European Line) (weekly): 1510.56, up 1.46. SCFI (composite index) (weekly): 1506.46, up 108.83; CCFI (composite index) (weekly): 1118.07, up 3.18; CCFI (European Line) (weekly): 1470.55, up 22.99. Baltic Dry Bulk Index (daily): 2204.00, down 11.00; Panama - type freight index (daily): 1577.00, up 67.00. Average charter price (Cape - size ship): 30050.00, down 1393.00; average charter price (Panama - type ship): not provided. Container ship capacity (10,000 TEUs): 1227.97, up 0.07 [1] 3.3 Industry News - The central economic work conference in 2025 aims to expand domestic demand as the top priority next year, and boost consumption from both supply and demand sides. It also plans to stabilize the real estate market from both ends. The Trump administration threatens to take retaliatory measures against the EU for taxing US technology companies. The eurozone's December manufacturing PMI preliminary value is 49.2, a new low in 8 months; Germany's December manufacturing PMI preliminary value is 47.7, the worst in 10 months; France's manufacturing PMI rises to 50.6, a 40 - month high [1] 3.4 Spot Freight Quotes - Maersk's 52 - week 40 - foot container quote is 2300 US dollars, PA Alliance maintains 2800 - 3000 US dollars, MSC's spot quote is 2640 US dollars, and OA's quote is 2400 - 2700 US dollars. All shipping companies' quotes have increased compared with early December. Maersk plans to raise the 40 - foot container price to 3500 US dollars in January, and MSC plans to raise it to 3700 US dollars [1] 3.5 Geopolitical Situation - The Russia - Ukraine conflict has entered its 4th year, with battlefield confrontations and negotiation games proceeding simultaneously. Western aid to Ukraine has decreased, and the counter - offensive has not made breakthrough progress. The geopolitical conflict remains in a stalemate [1] 3.6 Economic Situation in the Eurozone - The economic climate in the eurozone continues to recover. With the boost of large - scale fiscal stimulus policies, Germany's service industry continues to recover strongly, the composite PMI runs stably above 50, and the inflation sub - item continues the downward trend, creating conditions for the European Central Bank to maintain a "patient wait - and - see" stance [1] 3.7 Key Data to Be Released - UK central bank interest rate decision as of December 18; Eurozone European Central Bank deposit mechanism interest rate as of December 18; US November unadjusted CPI annual rate; US initial jobless claims (in 10,000 people) for the week ending December 13 [1]

Group 1: Report Investment Rating - No information provided Group 2: Core Viewpoints - The report suggests trading with a light position in a volatile market and controlling risks by paying attention to trading rhythms [2] Group 3: Summary by Relevant Catalogs Futures Market - The closing price of the main contract is 108,620 yuan/ton, up 8,020 yuan; the net position of the top 20 is -177,850 lots, down 8,717 lots; the position of the main contract is 668,589 lots, up 2,562 lots; the spread between near and far contracts is -1,400 yuan/ton, up 80 yuan; the Guangzhou Futures Exchange warehouse receipt is 15,636 lots/ton, up 350 lots [2] Spot Market - The average price of battery - grade lithium carbonate is 97,050 yuan/ton, up 1,200 yuan; the average price of industrial - grade lithium carbonate is 94,450 yuan/ton, up 1,100 yuan; the basis of the Li₂CO₃ main contract is -11,570 yuan/ton, down 6,820 yuan [2] Upstream Situation - The average price of spodumene concentrate (6% CIF China) is 1,230 US dollars/ton, up 20 US dollars; the average price of amblygonite is 11,600 yuan/ton, up 625 yuan; the price of lithium mica (2 - 2.5%) is 4,058 yuan/ton, unchanged [2] Industry Situation - The monthly output of lithium carbonate is 53,980 tons, up 2,450 tons; the monthly import volume is 23,880.69 tons, up 4,283.79 tons; the monthly export volume is 245.91 tons, up 95.10 tons; the monthly operating rate of lithium carbonate enterprises is 47%, unchanged; the monthly output of power batteries is 176,300 MWh, up 5,700 MWh; the prices of manganese - acid lithium, hexafluorophosphate lithium, cobalt - acid lithium, and various ternary materials are unchanged [2] Downstream and Application Situation - The operating rates of ternary cathode materials and lithium iron phosphate cathode materials are 51% and 63% respectively, down 1 percentage point each; the monthly output of new energy vehicles is 1,880,000 vehicles, up 108,000 vehicles; the monthly sales volume is 1,823,000 vehicles, up 108,000 vehicles; the cumulative sales penetration rate of new energy vehicles is 47.48%, up 0.74 percentage points; the cumulative sales volume is 14,780,000 vehicles, up 3,518,000 vehicles; the monthly export volume is 300,000 vehicles, up 44,000 vehicles; the cumulative export volume is 2.315 million vehicles, up 1.174 million vehicles [2] Option Situation - The 20 - day average volatility of the underlying is 53.25%, up 2.75 percentage points; the 40 - day average volatility is 51.25%, up 3.05 percentage points; the total call position is 130,660 contracts, up 2,257 contracts; the total put position is 108,401 contracts, up 3,847 contracts; the put - call ratio of the total position is 82.96%, up 1.5377 percentage points; the implied volatility of at - the - money options is up 0.0005 percentage points [2] Industry News - In 2026, the top priority is to expand domestic demand, and efforts will be made to stabilize the real estate market from both supply and demand sides; Yichun plans to cancel 27 mining licenses, including Jiangte Motor's mining right, and the company has submitted an objection; it is estimated that in 2026, China's overseas production and sales of automobiles (including exports) will reach 8 million, with a 15% increase, and new energy vehicles will reach 3.5 million, with a two - year compound growth rate of 65%, and the export value of auto parts and lithium batteries will reach 180 billion US dollars [2] Market Analysis - The main contract of lithium carbonate fluctuates strongly, with an increase of 7.61% at the close. The position increases month - on - month, the spot price is at a discount to the futures price, and the basis weakens compared with the previous day. The raw material price is supported by the strong futures market and overseas mines' price - holding. The supply of lithium salt increases steadily due to good profits and new production lines. The demand remains strong due to high - level orders of downstream battery factories, and the industry chain continues to reduce inventory [2] Technical Analysis - On the 60 - minute MACD chart, the two lines are above the 0 - axis, and the red bars slightly converge [2]