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The net purchase of southbound funds reached 5 billion yuan.Ministry of National Defense: The PLA Military Orchestra will perform in Vietnam. Wu Qian, spokesman of the Ministry of National Defense: At the invitation of the Vietnamese Ministry of National Defense, the China People's Liberation Army Military Orchestra will send a team to perform in Vietnam from December 14 to 23 to participate in the celebration of the 80th anniversary of the founding of the Vietnamese People's Army. This move will help deepen the traditional friendship between the Chinese and Vietnamese armed forces and expand the cultural exchanges between the two armed forces.Bai Zhongen: Under special circumstances, short-term breakthrough in deficit and debt may help solve long-term problems. Bai Zhongen, president of Tsinghua University Institute of Economics and Management and vice chairman of the All-China Federation of Industry and Commerce, said that in the understanding and implementation of policies, there are sometimes some stereotypes, which make us bound by these stereotypes. Breaking these constraints is very important for our policy understanding and policy implementation. The first mindset is that it will bring moral hazard if the central government helps local governments pay their debts. The second mindset, in the past, some people insisted that the deficit should not exceed a certain proportion and the debt should not exceed a certain proportion. He bluntly said that the upper limit of debt and deficit also depends on short-term and long-term. In the long run, we can't have too many deficits and too many debts. Therefore, when we encounter special circumstances in the short term, we should allow the deficit and debt to exceed a certain ratio.

State Power Investment Corporation set up an economic and technological research and consulting company with AI software development business. According to the enterprise search APP, recently, State Power Investment Corporation Economic and Technological Research and Consulting Co., Ltd. was established, with the legal representative of He Yongjian and the registered capital of 10 million yuan. Its business scope includes: artificial intelligence application software development; Information system integration service; Industrial Internet data service; Social and economic consulting services, etc. Enterprise survey shows that the company is wholly owned by State Power Investment Group Co., Ltd.Guangdong: In the next five years, 10 billion yuan will be invested to support the development of the tourism industry. On December 12th, a site meeting was held to promote the implementation of the spirit of the provincial tourism development conference in Guangdong. The meeting proposed to promote the implementation of the "three hundred" plan for cultural tourism investment, that is, to promote 100 major projects under construction and 100 key investment projects, to coordinate provincial financial investment of 10 billion yuan to support the development of tourism industry in the next five years, and to accelerate the implementation of the list of 100 major projects under construction and 100 key investment projects.Tianyuan Environmental Protection set up a construction engineering company in Xinjiang. The enterprise search APP shows that recently, Xinjiang Tianyuan Construction Engineering Co., Ltd. was established with Xuan Wang as its legal representative and a registered capital of 50 million yuan. Its business scope includes: construction; Subcontracting of construction services; Construction professional work, etc. Enterprise investigation shows that the company is wholly owned by Tianyuan Environmental Protection.

Afternoon comment: index adjustment The Shanghai Composite Index fell by 1.49% in half a day. Bean bag concept stocks were strong in early trading, and the index was collectively adjusted in early trading. The three major stock indexes all fell by more than 1%. In terms of sectors, the concept stocks of bean bags were strong in early trading, and the collective daily limit of three-dimensional communication, Beiwei Technology, Global Printing, and Zhewen Internet; The concept of ice and snow industry continued its upward trend. Jingxue energy-saving 20cm daily limit, iceberg cold and hot, snowman shares and other daily limit closures; The game e-sports sector is active, and the daily limit of Zhewen Internet and Electric Soul Network is up; Real estate stocks continued to adjust, and Hefei Urban Construction and Gorgeous Family were among the top losers. Food, liquor and other consumer sectors fell into a callback, and Yiming food fell to a limit; Insurance stocks weakened collectively, led by China Life Insurance. Overall, individual stocks showed a general decline trend, with more than 4,100 stocks falling. On the disk, the Aauto Quicker concept, short play games and cultural media sectors were among the top gainers, while the insurance, liquor and real estate sectors were among the top losers.According to CITIC Securities, it is necessary for deficit ratio to rise to nearly 4%, and mortgage interest rates is expected to fall further. According to Yicai, the Central Economic Work Conference was held in Beijing on December 11th and 12th. Regarding what it means to change the tone of fiscal policy from "positive" to "more positive", the chief economist of CITIC Securities clearly said that I think it means that the whole fiscal policy will be further expanded next year. First of all, from the perspective of deficit ratio, our deficit ratio is 3% this year and 3% at the beginning of last year. However, we had a special budget adjustment at the end of last year, so the deficit ratio from the end of last year to the end of last year was actually 3.8%. Looking forward to next year, we think that the ratio that may be close to 4% should be the effect that everyone expects to achieve at present. In terms of monetary policy, we can see a series of monetary policies, including further relaxing some restrictions on purchase restriction and loan restriction, including the down payment ratio, and a particularly important one is to reduce the mortgage interest rates. I think these monetary policies will be further promoted in the future, and even further declined in mortgage interest rates, for example.According to sources, Trump will meet with the widow of former Japanese Prime Minister Shinzo Abe on Sunday.