bitcoin as reserve currency- Top snippets

Hua Fu Securities Interpretation of the Politburo Meeting in December: More incremental policies can be expected in the future. The Hua Fu Securities Research Report pointed out that the Politburo Meeting in December decided to implement more active and promising macro policies in economic work next year, which released major signals to the market, including: First, it proposed to implement a more active fiscal policy, which was also proposed in response to the impact of the COVID-19 epidemic in 2020. Second, it is proposed to implement a moderately loose monetary policy, which is more positive than the previous statement. Moreover, from the historical experience, the "moderately loose" monetary policy implemented in China after the last financial crisis in 2009-2010 has significantly enhanced its support for economic growth. This change in expression will send a clearer and clearer policy signal to the market. Third, it is proposed for the first time to strengthen unconventional countercyclical adjustment, and more incremental policies can be expected in the future. Fourth, after the policy adjustment, the expansion of domestic demand will be put in the first place, which highlights the importance and policy determination of expanding domestic demand next year. The follow-up consumption promotion policy may exert its efforts in many aspects, such as continuously promoting the trade-in of consumer goods, introducing incremental measures related to service consumption, and improving the support and protection of low-and middle-income people. Fifth, it is clearly proposed to stabilize the property market stock market, which will help to continuously consolidate the momentum of stabilization and recovery of the real estate market and give full play to the important functions of the capital market.Armed representatives of the Syrian opposition: I hope to establish cooperative relations with the international community including Russia. Ahmed Toma, head of the armed delegation of the Syrian opposition in Astana talks on Syria, told the Russian media on the 9 th that the Syrian opposition is committed to establishing an independent democratic country in accordance with UN Security Council Resolution 2254 and hopes to establish cooperative relations based on mutual respect with all parties including Russia. Sputnik news agency & radio reported on the same day that Toma said in an interview with the satellite news agency that the Syrian opposition will devote itself to maintaining the operation of state institutions, ensuring security and improving people's livelihood in the future. "We hope to build a civilized, independent and democratic country according to UN Security Council Resolution 2254." Toma said that the Syrian opposition "hopes to achieve stability and has no intention of punishing anyone." (CCTV News)MicroStrategy, a big bitcoin holder, bought 21,550 bitcoins on December 2-8.

Caitong Securities: It is expected that the main objectives and tasks of economic and social development will be successfully completed throughout the year. the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on December 9 to analyze and study the economic work in 2025. According to Chen Xing, the macro chief analyst of Caitong Securities, from the current situation, the economic operation has been generally stable this year, and the key areas of risks have also been resolved in an orderly and effective manner. The meeting has confidence in this year's economic performance, and it is expected that the main objectives and tasks of economic and social development will be successfully completed throughout the year. From the perspective of future deployment, first, the positive attitude is unprecedented. The meeting mentioned that the policy will be more active and promising, and on the basis of counter-cyclical adjustment, it emphasized that the intensity should be "extraordinary" to offset "external shocks". We will implement a more proactive fiscal policy and a moderately loose monetary policy. Second, pay more attention to the actual effect of policies, not only to strengthen the forward-looking, targeted and effective regulation at the macro level, but also to promote the effectiveness of landmark reform measures in specific measures. Third, pay more attention to systematicness, emphasize "system integration and coordination", improve the toolbox, lay a good policy "combination boxing" and stabilize expectations.The executive meeting of the Shanghai Municipal Government will be deployed to upgrade the energy level of Shanghai aviation logistics hub and enhance the management level of historical features protection. Shanghai Mayor Gong Zheng presided over the executive meeting of the municipal government today (9 th), demanding that the overall goal of the municipal government be completed with high quality in accordance with the deployment of the municipal party Committee; Take the lead in exploring new urbanization roads in megacities; Improve the energy level of Shanghai aviation logistics hub; Improve the protection and management level of Shanghai's historical features. The meeting pointed out that this year, the Shanghai Municipal Government's annual overall goal promotion work is strong and orderly, and it is necessary to stick to the goal, compact the responsibility, and pay close attention to implementation, to ensure that the relevant node goals are smoothly promoted as planned this year, and to fulfill the commitments, and at the same time, to do a good job in safety production. It is necessary to carefully plan next year's work, enhance foresight and initiative, proactively respond to various risk challenges, improve pertinence and effectiveness, come up with more practical measures, new measures and ingenious measures, and formulate the overall goal of the municipal government in 2025. It is necessary to sum up experience, maintain confidence, continue to exert efforts in key areas, stabilize stocks, make big increments, activate traffic, and effectively transform the gold content of policies into the development of high quality. The meeting agreed in principle to the "Implementation Plan of Five-year Action Plan for Shanghai to Deeply Implement the People-oriented New Urbanization Strategy" and pointed out that Shanghai's urbanization rate ranks first in the country, and it is necessary to plan and promote Shanghai's new urbanization from a higher starting point. Guided by the general rules, we should continue to improve the core functions of the city, promote the construction of the central city, new cities and new towns, and provide important support for the construction of the "five centers". People-centered, continuously optimize the supply of public services, actively respond to the needs of people's livelihood, and do everything possible to solve the problem of "urgent difficulties and worries". With the support of digital intelligence, we will continue to improve the level of refined governance, promote the innovation of urban management means, models and concepts, deepen the construction of "two networks" and accelerate the construction of smart cities and resilient cities. The meeting agreed in principle to the "Several Measures on Further Improving the Energy Level of Shanghai Aviation Logistics Hub" and pointed out that to build an all-round gateway and compound international aviation hub, it is necessary to build strong "hard facilities", speed up the construction and improvement of Pudong and Hongqiao air cargo hubs and supporting transportation collection and distribution systems, and especially accelerate the construction of infrastructure to adapt to the development of cross-border e-commerce. To optimize "soft service", airports, ports, air traffic control and other units should work closely together, increase cooperation and improve the overall efficiency of airport logistics. It is necessary to create an "ecological circle", ensure the stability, safety, autonomy and controllability of the air cargo supply chain, and attract diversified business entities to take the initiative to participate, build and share. The meeting agreed in principle with the Guidelines for the Protection of Historical Features in Shanghai and pointed out that the protection of historical features and the inheritance of cultural heritage are important contents for Shanghai to build an international cultural metropolis. To grasp the relationship between comprehensive protection and active utilization, we should not only respect history, but also integrate new elements such as humanities, science and technology and fashion to create a new landmark of the city. It is necessary to grasp the relationship between planning guidance and local conditions, not only adhere to overall planning and general planning guidance, but also use a "blueprint" to coordinate all kinds of elements in the style unit, and also show their own characteristics, give play to their endowments and form a unique urban style.According to senior officials, Israel will destroy heavy strategic weapons throughout Syria and continue to carry out air strikes in the next few days. According to reports in Reuters, senior Israeli officials said on the 9th local time that Israel will intensify air strikes against Syria's advanced arsenal and keep "limited" troops stationed on the ground, hoping to eliminate any threat that may occur after the overthrow of the Assad regime. According to the report, Israeli Defense Minister Katz said that the Israeli army will "destroy heavy strategic weapons throughout Syria, including surface-to-air missiles, air defense systems, surface-to-surface missiles, cruise missiles, long-range rockets and coastal missiles". The report quoted a senior Israeli official as saying that air strikes will continue in the next few days. Israeli Foreign Minister Saar said that Israel has no intention of interfering in Syria's internal affairs and only cares about defending its citizens. (World Wide Web)

Kaitou Macro: The fall of Assad is unlikely to have a major impact on the energy market. Jason Tuvey, an analyst at Kaitou Macro, said that the fall of former Syrian President Assad is not expected to have a major impact on the energy market. The economist said that even at the peak of about 600,000 barrels per day in the early 21st century, Syria's oil production only accounted for a small part of the global oil supply, and since the beginning of the civil war in 2011, Syria's oil production has declined. At present, the country's oil production is less than 100,000 barrels per day, and most of the country's oil infrastructure has been destroyed. In a report to clients, Tuvey said: "Even if the political situation stabilizes, it will take years or even decades to rebuild, and its economy may never return to the pre-war scale. The situation in the energy market is similar. "We hope to continue to establish constructive relations with Britain.German Finance Minister: We should discuss the specific ideas of European defense. We want specific ideas, not Eurobonds.