"Moderately loose" monetary policy boosts confidence from all parties, A50 ETF Huabao attracted HKD 17.02 million yesterday

On December 11th, the Shanghai Composite Index experienced narrow fluctuations in the morning, with the A50 ETF Huabao slightly down by 0.18%, and a transaction volume of 84.21 million yuan. In terms of constituent stocks, the top ten heavyweights showed mixed performance. On the upside, Midea Group led the gains, followed by Zijin Mining and Yangtze Power; on the downside, Heng Rui Medicine led the declines. In terms of capital flow, the A50 ETF Huabao saw a net inflow of 17.02 million yuan yesterday. Zhongyou Securities stated that the Politburo meeting of the Central Committee of the Communist Party of China continued to maintain a positive tone, with a policy shift towards easing, and a comprehensive expansion of domestic demand becoming the current policy direction. This meeting clarified the need to "strengthen extraordinary counter-cyclical adjustments," with fiscal policy being set as "more proactive," which is basically in line with market expectations; monetary policy is set as "moderately loose," marking a tone adjustment after 14 years, and broad monetary and credit policies are expected next year