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Lee Ka Chiu John: Hong Kong is committed to becoming a leading global risk management center. In a speech at the Asia Insurance Forum 2024 held in Hong Kong on the 10th, Lee Ka Chiu John, Chief Executive of the Hong Kong Special Administrative Region (HKSAR) said that Hong Kong is committed to becoming a leading global risk management center. Lee Ka Chiu John said that as one of the three largest financial centers in the world, Hong Kong has about 160 authorized insurance companies, including six of the top ten insurance companies in the world. At present, Hong Kong has issued five catastrophe bonds, raising more than 700 million US dollars to resist typhoons, earthquakes and other natural disasters and provide risk mitigation measures for the global joint response to climate change. He stressed that as the region with the highest concentration of insurance companies and the highest insurance density in Asia, Hong Kong is committed to becoming a leading global risk management center. The SAR Government will continue to invite mainland and overseas enterprises in China to set up exclusive self-insurance companies in Hong Kong.The yen fell to a low point against the US dollar since November 29, which cooled down around the expectation of the Bank of Japan to raise interest rates this month. As the market expected the Bank of Japan to raise interest rates this month, the yen fell to its lowest level against the US dollar since the end of November. The yen once fell 0.2% against the US dollar to 151.55. Overnight index swap pricing shows that the probability of the Bank of Japan raising interest rates in December is 28%.The weighted share price index of Taiwan Stock Exchange opened 0.2% lower at 23,228.26.

Fushi Holdings decreased by 3.23% today, and the net sales of Beijing-sponsored seats was 164 million yuan, while Fushi Holdings decreased by 3.23% today, with a turnover of 3.424 billion yuan and a turnover rate of 43.73%. After-hours statistics show that Beijing-sponsored seats sold 164 million yuan, seats dedicated to one institution bought 15.6999 million yuan and seats dedicated to two institutions sold 81.5964 million yuan.Guangdong: Build and improve the integrated motor vehicle emission monitoring system of "heaven, earth and drivers". By the end of 2025, the coverage rate of remote sensing monitoring of diesel vehicles will reach over 60%. The Guangdong Provincial People's Government issued an action plan for continuous improvement of air quality in Guangdong Province to strictly control motor vehicle emissions. Strengthen the supervision and inspection of the environmental protection standards and information disclosure of new cars, and realize the full coverage of new production trucks. During the periodic inspection of motor vehicle emissions, the evaporative emission control of gasoline vehicles is tested. Strengthen the supervision of motor vehicle emission inspection agencies, and actively explore technologies such as raw data storage and data encryption transmission to prevent motor vehicle emission inspection agencies from cheating. We will build and improve the integrated motor vehicle emission monitoring system of "heaven, earth and drivers", and the coverage rate of remote sensing monitoring of diesel vehicles will reach over 60% by the end of 2025. Strengthen the home inspection of major car users whose remote sensing monitoring rate exceeds 10%, and severely crack down on illegal activities such as dismantling exhaust aftertreatment devices and destroying and tampering with on-board diagnostic systems (OBD). Organize the remote sensing monitoring, supervision and inspection of motor vehicle emissions, strictly implement the system of motor vehicle emission inspection and compulsory maintenance, strengthen the joint supervision and law enforcement of motor vehicles that exceed the standard, and basically eliminate the phenomenon of "black smoke" from motor vehicles."Nezha's Devil Children Roaring the Sea" is scheduled for the first day of 2025, and "Nezha's Devil Children Roaring the Sea" is scheduled for the first day of 2025.

Donghai securities: The domestic sales of excavators increased, and the domestic brand bamua exhibited its elegant demeanour. The donghai securities Research Report pointed out that the total sales of excavators increased. Domestically, the domestic sales of excavators in November 2024 increased by 20.5% year-on-year, and the growth continued, which was better than expected by CME. Overseas, in November 2024, excavator exports increased by 15.2% year-on-year, and the monthly sales growth rate of exports expanded. With the large-scale equipment renewal policy and real estate financial policy landing one after another, domestic demand gradually recovered and warmed up; Overseas, domestic enterprises are laying out overseas pre-sales and after-sales networks, establishing overseas local production capacity, entering an accelerated period of globalization, gradually increasing market penetration and effectively smoothing domestic and international cycles. It is suggested to pay attention to overseas leading enterprises of machinery and equipment with deep layout, high brand recognition, perfect product matrix, high cost efficiency and strong R&D strength, such as Sany Heavy Industry, Xugong Machinery and Zoomlion.The commander of the intelligence command of the South Korean Ministry of Defense was suspended. On December 10, local time, the South Korean Ministry of National Defense announced that it would take suspension measures against Wen Xianghu, commander of the intelligence command of the Ministry of National Defense. (CCTV News)CITIC Securities: In November, the PPI turned positive more than expected, and the core CPI continued to improve. According to the research report of CITIC Securities, the price data in November 2024 showed that the boosting effect on the economy after the policy shift in late September initially appeared at the "price end", mainly in two aspects: "PPI turned positive" and "continuous improvement of core CPI". In terms of PPI, this month's PPI turned positive more than expected, and the main contributions came from "the effect of trade-in for new products is gradually appearing at the price end of related industries" and "the acceleration of physical workload of infrastructure has boosted the prices of raw materials industries in the upper and middle reaches". It is embodied in the remarkable improvement of PPI in computer machine manufacturing, communication terminal equipment manufacturing, automobile manufacturing, durable consumer goods (means of subsistence), non-metallic mineral products industry and other industries. In terms of CPI, although the year-on-year growth rate of CPI further declined to 0.2%, which was significantly lower than the market expectation, it was largely affected by the over-seasonal decline in food prices. The core CPI, which the market paid more attention to, continued to improve slightly on the margin, with the year-on-year reading rising from 0.1% at the bottom of September to 0.2% in October and 0.3% in November. In terms of splitting, the CPI decline of the three major durable consumer goods and services has narrowed compared with the same period of last year. On the whole, the combination of "CPI 0.2%+PPI -2.5%" reveals that China is still facing significant "low inflation" pressure, and it is still necessary to continue to strengthen the price level with a package of incremental policies. Looking back, if the boosting effect of the "two new" policies on the demand of downstream industrial products and the driving effect of the accelerated issuance of special bonds on the physical workload of infrastructure can be released continuously, it will provide some support for the improvement of PPI; However, if you want to see the PPI continue to turn positive significantly, you may have to wait for the policy to further push the physical workload and real estate start-up data, as well as the more stringent supply-side optimization policies in some areas with more production capacity.