Ceng Gang, chief expert and director of Shanghai Finance and Development Laboratory: To further improve the governance structure of the restructured small and medium-sized banks, Ceng Gang, chief expert and director of Shanghai Finance and Development Laboratory, told reporters that in the past, the risk disposal and resolution of small and medium-sized financial institutions have been promoted in an orderly manner. The overall idea is to reduce the amount and improve the quality through mergers and acquisitions, that is, to replenish capital during the merger and reorganization process, on the one hand, to effectively deal with the stock risks, on the other hand, to enhance the ability of new institutions to cope with competition and risks through the scale effect formed after the merger. (SSE)Brazilian Presidential Spokesman: President Lula will run for re-election in 2026.US President-elect Trump: Will do some great things in the field of cryptocurrency. Electricity will be needed.
Liu Xiangdong, Deputy Director of Scientific Research and Information Department of International Economic Exchange Center: Comprehensive improvement of "involution" competition will help scientific and technological innovation and industrial development enter a virtuous circle. The Central Economic Work Conference proposed that scientific and technological innovation should lead the development of new quality productive forces and build a modern industrial system. In this regard, Liu Xiangdong, deputy director of the Scientific Research and Information Department of China International Economic Exchange Center, said that at present, China's economic development is in a critical period of transforming old and new kinetic energy. Scientific and technological innovation is the core element of developing new quality productivity. To break through the bottleneck of development from the supply side, it is necessary to lead industrial innovation and development with scientific and technological innovation and actively cultivate and develop new quality productivity. To cultivate new quality productivity, we should drive productivity to leap to advanced quality with scientific and technological innovation, open up new development fields and tracks with original and subversive technological innovation, and shape new development momentum and new advantages. (SSE)Sullivan, US National Security Adviser: I have had a good discussion with my successor to ensure a smooth handover.Dong Ximiao, Principal Investigator of Zhaolian: Support small and medium-sized banks to better establish a long-term mechanism for capital replenishment. The Central Economic Work Conference proposed to effectively prevent and resolve risks in key areas and firmly hold the bottom line of systemic risks. The meeting also proposed that the risks of local small and medium-sized financial institutions should be properly handled. Dong Ximiao, chief researcher of Zhaolian, believes that more resolute and effective measures should be taken to promote the real estate market to stop falling and stabilize, speed up the reform of small and medium-sized financial institutions, and firmly hold the bottom line of no systemic risks. (SSE)
Adobe(ADBE.O) fell by 12%, the biggest one-day drop since March 15th.WTI crude oil fell by 1.00% in the day and is now reported at $69.26/barrel.SINOMACH (ING): It will be "neutral" to stop the easing cycle (temporarily) after the European Central Bank cuts interest rates again.