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Market News: The Knesset group approved a bill to increase deficit ratio's GDP to 7.7%, which will be submitted to the Knesset plenary session for voting.Changhong Meiling: It plans to use its own idle funds not exceeding 6.35 billion yuan to invest in wealth management products. Changhong Meiling announced that in order to improve the efficiency of the company's use of funds, increase the company's cash assets income, and maximize the interests of shareholders, the company and its subsidiaries (excluding Zhongke Meiling Cryogenic Technology Co., Ltd. and its subsidiaries) will use their own idle funds not exceeding 6.35 billion yuan (this amount can be used in a rolling way) to invest and purchase products with high safety, good liquidity and a term of less than one year.Regulatory measures were taken to adjust the net worth management of wealth management subsidiaries and standardize the smooth valuation in violation of regulations. The reporter was informed that some wealth management subsidiaries should not reduce the fluctuation of product net worth through illegal means, such as closing price adjustment, smooth valuation or self-built valuation model. This circular requires financial subsidiaries to use the current valuation data provided by China Bond, China Securities and foreign exchange trading centers, and at the same time, the asset management plan needs to implement penetrating management to ensure that the asset management products are consistent with the company's valuation of the same type of assets in terms of valuation principles, policies, technologies and methods. An industry insider told reporters that this move reflects the clear intention of supervision and requires wealth managers to take the road of net worth. (CBN)

The Taiwan Affairs Office of the State Council responded that the Spring Festival was included in the intangible cultural heritage of mankind. On the morning of December 11th, the Taiwan Affairs Office held a regular press conference. Reporter: "Spring Festival-the social practice of China people celebrating the traditional New Year" was recently listed in the UNESCO representative list of human intangible cultural heritage. Taiwan Province compatriots are happy and say that "this is the excellent Chinese traditional culture". What's your comment on this? Zhu Fenglian, spokesperson of the Taiwan Affairs Office of the State Council: The Spring Festival is the most important traditional festival of the Chinese nation, an important moment to bid farewell to the old and welcome the new, and a most important cultural symbol in the hearts of Chinese children. Compatriots on both sides of the strait belong to the Chinese nation, descendants of the Chinese people and China people, and deeply understand that the Spring Festival contains the value pursuit of peace, harmony and harmony of the Chinese nation and Chinese civilization. In another 50 days, we will welcome the Spring Festival in year of the snake, the lunar calendar. We sincerely wish people on both sides of the strait to celebrate the Spring Festival together and carry forward the colorful Spring Festival culture together.On the 11th, soybean oil rose by 1.72%, and the latest main contract positions changed as follows. According to the exchange data, as of December 11th, the main contract soybean oil closed at 2,505, up or down by +1.72%, with a turnover of 529,500 lots. The position data showed that the top 20 seats were clear, and the difference position was 59,880 lots. The total contract turnover of soybean oil futures was 685,800 lots, a decrease of 114,300 lots from the previous day. The first 20 seats in the contract held 687,800 lots, an increase of 15,900 lots over the previous day. The short positions in the top 20 seats of the contract were 775,600 lots, an increase of 3,312 lots over the previous day. (Sina Futures)The change of industrial metal plate increased the daily limit of Liyuan shares, and the change of industrial metal plate increased the daily limit of Liyuan shares. Yun Aluminum shares rose by more than 7%, and Huafeng Aluminum, Shenhuo, Northern Copper and Yiqiu Resources followed suit.

The Taiwan Affairs Office of the State Council introduced the situation of the 2024 Shanghai-Taipei Twin Cities Forum. The Taiwan Affairs Office held a regular press conference. Spokesperson Zhu Fenglian said that it is understood that the 2024 Shanghai-Taipei Urban Forum will be held in Taipei on December 17, and Shanghai will send a delegation to Taiwan to attend the forum. With the theme of "Smart Governance for a Sustainable Future", the forum will promote the interactive exchanges between the two cities in terms of friendly transportation, river governance and humanistic cities. During the forum, the two cities will also sign a memorandum on exchanges and cooperation. We hope the forum will be successful.Xpeng Motors: Tucki P7+ completed the formal delivery of 10,000 Tucki P7+ sets within four weeks after listing.On the 11th, iron ore fell by 1.64%, and the latest main contract positions changed as follows. According to the exchange data, as of December 11th, the main contract iron ore was closed at 2501, up or down by -1.64%, with a turnover of 165,400 lots. The position data showed that the top 20 seats were clear, and the difference position was 14,975 lots. Iron ore futures contracts totaled 429,100 lots, a decrease of 195,200 lots from the previous day. The first 20 seats in the contract held 462,200 lots, a decrease of 6,055 lots from the previous day. There were 481,400 short positions in the top 20 seats of the contract, an increase of 7,172 lots over the previous day. (Sina Futures)