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The transition period of yellow-card electric bicycles in Zhengzhou was extended for another two years. On December 12th, the reporter learned that Zhengzhou Public Security Bureau, Zhengzhou Bureau of Industry and Information Technology and Zhengzhou Municipal Market Supervision Administration jointly issued a notice, and after research, it was decided to extend the transition period of yellow-card electric bicycles (the temporary anti-theft record number with black letters on yellow background) after the expiry date of December 31st, 2024. According to the circular, in order to strengthen the management of electric bicycles, combined with the actual situation in Zhengzhou and the needs of the masses, it was decided through research that the transition period of yellow-card electric bicycles (the temporary anti-theft record number with black letters on the yellow background) will be extended from January 1, 2025 to December 31, 2026. (Dahe Daily)The deposit interest rate is declining, and the interbank deposit receipt fund is popular. Under the background of the current downward trend of non-bank interbank deposit interest rate, the interbank deposit receipt rate is relatively more attractive, and the interbank deposit receipt fund has recently gained the popularity of funds. On December 12, Hongta laterite fund announced that the company held a meeting of fund share holders of the 7-day holding fund of Hongta laterite CSI interbank deposit certificate AAA index by means of communication to review the proposal on matters related to the continuous operation of the fund. Previously, the fund had a net asset value of less than 50 million yuan for 60 consecutive working days. However, the fund shares voted at the fund share holders' meeting were less than half of the total fund shares on the equity registration date, and failed to meet the effective meeting conditions. On December 5th, the 7-day holding period of the AAA index of China National Securities Interbank Deposit Certificate also announced the convening of the holders' meeting on the continuous operation of the fund, and the fund manager proposed to continue to operate the fund. (CSI Taurus)CSRC: Optimize the supply of products in time and include the first batch of index funds in the catalogue of personal pension investment products. Recently, the Ministry of Human Resources and Social Security, the Ministry of Finance, the State Administration of Taxation, the General Administration of Financial Supervision and the CSRC jointly issued the Notice on the Full Implementation of the Personal Pension System (hereinafter referred to as the Notice), and the personal pension system will be extended to the whole country on December 15. Personal pension is long-term, persistent and large-scale. By actively investing in the capital market, it is conducive to sharing the fruits of the development of the real economy and helping to maintain and increase value for a long time. As a representative of professional institutional investors in the capital market, Public Offering of Fund industry has been entrusted to manage all kinds of pension assets over 6 trillion yuan, creating good long-term income and accumulating rich management experience. According to the requirements of the Notice, the CSRC timely optimized the product supply and included the first batch of index funds in the catalogue of personal pension investment products. Subsequently, the CSRC will strengthen the supervision of personal pension investment in Public Offering of Fund, urge Public Offering of Fund managers to continuously improve their management and service capabilities, and better support the high-quality development of personal pensions. (CSRC)

The 1800th train of "Yangtze River Train" started this year and completed the annual operation task 20 days ahead of schedule. On December 11th, on the first anniversary of normal operation, the 1799th and 1800th trains of "Yangtze River Train" started from Xianglushan Station in Wuhan and Chengxiang Station in Chengdu respectively, and completed the annual operation task 20 days ahead of schedule. "Yangtze River Train" is a hot-metal combined transport train in Sichuan to solve the "dam-breaking difficulty" of the Three Gorges of the Yangtze River and improve the transportation capacity of the golden waterway of the Yangtze River. It was launched on December 10, 2023 and reached the first thousand-train target after eight months of operation. Luo Sheng, director of the transportation marketing department of Shudao Railway Operation Group and general manager of Shudao Banlie Branch, said that "Changjiang Banlie" is the fastest-growing train product in Sichuan with the shortest time for over 1,000 trains.Korean media: South Korea's ruling party has added another person to support the impeachment of Yin Xiyue, and the number of members in favor has now increased to six. According to the latest news in Yonhap News Agency, Zhongwu Qin, a member of parliament of South Korea's ruling National Power Party, said on the 12th that he would vote for the impeachment of the president on the 14th. Yonhap News Agency said that so far, the number of members of the ruling party who have publicly expressed their support for the impeachment of President Yin Xiyue has increased to six.Yamato: Raising the target price of IWC to HK$ 20 has a more positive view on next year's revenue growth. Yamato published a report that under the strong demand from Malaysia, the bank has a more positive view on IWC's revenue growth next year. In addition, the bank believes that the external financing of operating GDSI, a data center outside the mainland, will release shareholder value. However, as GDSI will be separated from IWC's consolidated statements in the fourth quarter of this year, the bank believes that IWC's short-term re-evaluation will still mainly depend on its mainland business performance, so it still maintains a wait-and-see attitude. The bank maintained its "hold" rating on IWC, and its target price was raised from HK$ 8.6 to HK$ 20. Considering the increase in capital expenditure of IWC from 2025 to 2026, the bank raised its revenue forecast for this year and next by 5% to 24%, mainly due to the strong demand in the international market driven by short video platforms. In addition, in view of the fact that the company raised its capital expenditure guideline from 6.5 billion yuan to 11 billion yuan this year, the bank raised its capital expenditure forecast from 6.7 billion yuan to 11 billion yuan in 2024 and from 3.5 billion yuan to 10.5 billion yuan in 2025. In addition, the bank will raise the adjusted EBITDA forecast of IWC this year and next by 4% to 13% to consider the EBITDA contribution of its overseas business; It is estimated that the total revenue will increase by 15% this year (10% compared with the previous forecast) and 33% next year (15% compared with the previous forecast). The adjusted EBITDA is expected to increase by 11% and 25% this year and next (8% and 15% compared with the previous forecast).

Korean Air passed the US antitrust review, clearing the way for completing the Asiana Airlines transaction.Samsung Electronics shares rose 3%.Afternoon comments on Hong Kong stocks: Hang Seng Index rose by 1.72%, Hang Seng Technology Index rose by 2.55%, Hong Kong stocks closed at noon, Hang Seng Index rose by 1.72% and Hang Seng Technology Index rose by 2.55%. Chinese brokerage stocks and consumer stocks were among the top gainers, with China Merchants Securities, Mengniu Dairy and Tongcheng Travel up over 7% and over 5% respectively.