Securities Daily|The SSE-listed Companies Actively Implement "Two Major" and "Two New" Policies to Add Strong Impetus for Expanding Investment and Boosting Consumption
The Central Economic Work Conference proposed to increase the issuance of ultra-long-term special treasury bonds and continue to support the implementation of "Two Major" projects and "Two New" policies. The term "Two Major" means to issue ultra-long-term special treasury bonds to support the development of major national strategies and security assurance capabilities in major areas. The term "Two New" means to promote a new round of large-scale equipment renewal and consumer goods trade-in. Recently, with the consistent efforts of policies and the continuous actions of various sectors, the SSE-listed companies have further released their potential: home appliances, automobiles, electric power, and other industries have performed well and ushered in steady support for operations.
Driven by the "Two Major" development and large-scale equipment renewal, the investment in major areas and equipment renewal has maintained rapid growth. The SSE-listed companies such as Huadian Heavy Industries Co., Ltd., China Energy Engineering Corporation Limited, and Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd. have responded to the policy call by participating in major infrastructure construction.
Driven by multiple factors such as national encouragement, local support, and enterprises' interest concessions, the effect of the consumer goods trade-in policy has become apparent. In particular, driven by the policy, the consumption demand for home appliances and household products has been gradually released. Hisense Visual Technology Co., Ltd., Shanghai Flyco Electrical Appliance Co., Ltd., Whirlpool China Co., Ltd., Shanghai Highly (Group) Co., Ltd., and Sichuan Changhong Electric Co., Ltd. revealed that they would take advantage of new policy opportunities to accelerate product innovation and meet the market demand.
The "trade-in" policy has rejuvenated the automobile industry. According to the data of the China Association of Automobile Manufacturers, in the first 11 months of 2024, China's automobile production and sales reached 27.903 million and 27.94 million respectively, up by 2.9% and 3.7% year on year.
From Securities Daily on December 19, 2024
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