Hong Kong and A-shares are all in the green, what are the benefits? Jiyue is in a life-and-death crisis | Important news recap today

1212 Dolphin's Key Focus:

🐬 Macro/Industry

1. The Ministry of Human Resources and Social Security, the Ministry of Finance, the State Taxation Administration, the Financial Regulatory Administration, and the China Securities Regulatory Commission jointly issued a notice on the comprehensive implementation of the personal pension system, which will be promoted nationwide starting December 15. Notably, the first batch will include 85 equity index funds in the personal pension investment product catalog, which is expected to bring more medium- to long-term funds to the capital market. Affected by this positive news, both Hong Kong and A-shares turned positive in the afternoon.

2. The Office of the United States Trade Representative issued a statement, indicating that it plans to increase import tariffs on solar silicon wafers, polysilicon, and certain tungsten products imported from China starting early next year. The tariff rate on wafers and polysilicon will be raised to 50%, while the tariff rate on certain tungsten products will be raised to 25%, effective January 1, 2025. There was no significant decline following the announcement.

3. The U.S. November CPI released last night showed a year-on-year increase of 2.7%, in line with market expectations, with the previous value being a 2.6% increase; the month-on-month CPI for November increased by 0.3%, as estimated, with the previous value being a 0.2% increase. Currently, the data has not caused significant market fluctuations, and there is still a high probability of a 25 basis point rate cut next Wednesday.

🐬 Individual Stocks

1. ZEEKR/ $Baidu(BIDU.US)

Recently, ZEEKR, which was jointly developed by Baidu and Geely, has encountered a life-and-death crisis. "ZEEKR's major shareholder will no longer invest, and ZEEKR will close its vehicle business this week," has been widely circulated. Currently, the company's operations are in a state of significant stagnation, with multiple departments announcing on-site disbandment. Although CEO Xia Yiping claims to remain with the company to seek financing, the challenges are evident given the poor performance and being abandoned by Baidu.

2. $Alphabet(GOOGL.US)

Google has launched its most powerful AI model to date, Gemini 2.0, featuring new capabilities including native image generation and audio output in a multimodal format, and supporting native calls to Google Search, Maps, Lens, and other tools. According to Google, this model is specifically designed for the AI Agent era. Google surged 5% last night.

3. $Apple(AAPL.US)According to reports, Apple is collaborating with Broadcom to develop the company's first internal server chip specifically designed for artificial intelligence, internally named "Baltra," which may be ready for mass production by 2026, primarily for internal use at Apple.

4. Dolphin Jun focuses on financial report interpretations and conference calls

Boss Zhipin: BOSS Zhipin: No slacking off, truly facing headwinds, BOSS Zhipin: Budgeting to meet targets (3Q24 conference call summary)

🐬 Leading sectors

Shanghai and Shenzhen: Food distributors, food retailers, retailers.

Hong Kong stocks: Human resources and employment services, office services and supplies, motorcycle manufacturers;

U.S. stocks: Heavy electrical equipment, internet content and information, automobile manufacturers.

🐬 Attention for tomorrow

1. U.S. import price index month-on-month;

2. Broadcom will release its financial report, and Dolphin Jun will track and provide interpretative analysis.

Risk disclosure and statement of this article: Dolphin Investment Research Disclaimer and General Disclosure