Ministry of Commerce: Make efforts to expand the scope, implement the trade-in policy of consumer goods and innovate diversified consumption scenarios. On December 13th, Wang Wentao, Party Secretary and Minister of the Ministry of Commerce, presided over a special meeting of the party group to convey the spirit of studying the Central Economic Work Conference. The meeting stressed that it is necessary to vigorously boost consumption. We will intensify efforts to expand the scope, implement the trade-in policy for consumer goods, innovate diversified consumption scenarios, expand service consumption, and actively develop the first-round economy. It is necessary to expand high-level opening to the outside world and stabilize foreign trade and foreign investment. We will expand independent opening and unilateral opening in an orderly manner, steadily expand institutional opening, and promote the free trade pilot zone to improve quality and efficiency and expand the reform mandate. Efforts should be made to stabilize trade in goods and actively develop service trade, green trade and digital trade. We will deepen the reform of foreign investment promotion system and mechanism, steadily push forward the opening of service industry, expand the pilot projects in the fields of telecommunications, medical care and education, and continue to build the brand of "Investing in China". Promote high-quality joint construction of the "Belt and Road", deepen and improve the overseas comprehensive service system.Tesla rose 2.5% and will launch the advanced intelligent summoning ASS function. Tesla (TSLA.US) rose 2.5% in intraday trading to $428.8. Tesla China official website launched a brand-new car function today-Actually Smart Summon. This function is suitable for Tesla vehicles with EAP (enhanced automatic driving assistance function) or FSD (full automatic driving capability). Tesla owners can automatically park the vehicle from the parking space and drive to the owner's side or the location designated by the owner on the mobile phone by operating on the Tesla application of the mobile phone, and the vehicle needs to be kept within the owner's sight during the moving process. It is reported that this function will be pushed to the owner through OTA remote software update function.U.S. stocks of semiconductor ETFs rose by 2.57%, global technology stock index ETFs and technology industry ETFs rose by over 1%, while energy industry ETFs fell by over 0.3%.
International Finance Association: In November, the net inflow of foreign investment in emerging market bonds and stock portfolios was $19.2 billion; The net outflow of foreign investment in emerging market stock markets was $11.1 billion; Debt inflows reached $30.4 billion.The Stoxx Europe 600 index fell to an intraday low of 0.5%.Faba Bank: The Fed will formulate policies in consideration of inflation risks. Economists at Faba Bank wrote that it may be difficult for Fed officials to formulate and discuss monetary policies "without being involved in the debate on President-elect Trump's potential economic policies". They expect FOMC to cut interest rates by 25 basis points next week, as reflected by the market. They added that Federal Reserve Chairman Powell "may use the press conference to provide options for further relaxing the suspension of monetary policy." They don't expect him to directly comment on Trump's policies, "but FOMC will formulate policies consistent with managing high inflation risks," economists said.
Jintou Chengkai: The major asset restructuring plan was changed to asset sale, and Jintou Chengkai announced that in order to further optimize the company's asset structure, enhance profitability, reduce the debt level, improve efficiency, speed up the transaction process and reduce transaction costs, the company plans to transfer 46.33% equity of its shareholding subsidiary Huafugong Company. The original planned major asset restructuring includes the transfer of 90% equity of Huachi Company, 46.33% equity of Huafugong Company and 31.89% equity of Tianfang Property Company, which is expected to constitute a major asset restructuring. The adjusted plan is to transfer 46.33% equity of Huafugong Company to Tianjin Investment Capital, the controlling shareholder of the company, through a non-public agreement at a price of 233 million yuan. After the completion of this transaction, the company no longer holds the equity of Huafugong Company. This transaction constitutes a related party transaction, but it does not constitute a major asset reorganization, and it needs to be submitted to the company's shareholders' meeting for consideration.Puyin AXA Fund: Zhang Jian is the new chairman of the company. On December 13th, Puyin AXA Fund announced that since December 13th, Zhang Jian has been the new chairman of the company, while Xie Wei, the former chairman, left his post on December 13th due to work arrangements, and there is no explanation for his transfer to other positions in the company.Destiny Tech100(DXYZ), a closed-end fund associated with SpaceX, a space exploration company owned by Musk, once fell more than 10%, and the refresh date was as low as $65.28. On December 11th, the price of the fund rose to $77.35, which was 567.38% higher than the closing price on November 5th (the polling day of the US election).