The yield spread of US 10-year Treasury bonds relative to China's has widened to about 250 basis points, the largest in 22 years.Market news: South Korea's ruling party has elected a new party leader, and the new leader said that a presidential election may be held soon.The personal pension system has been extended to the whole country. On December 12th, the Ministry of Human Resources and Social Security and other five departments issued the Notice on the Full Implementation of the Personal Pension System. Since December 15th, the personal pension system has been extended to the whole country from 36 pilot cities (regions). (Xinhua News Agency)
The project of Chuangpu Instrument Industrial Park started in Hefei, with a total investment of 320 million yuan. According to the news of Hefei High-tech Zone Management Committee, on December 10th, the project of Chuangpu Instrument Industrial Park at the intersection of Caihong West Road and Peacock Terrace Road in Hefei High-tech Zone officially started. The total investment of the project is 320 million yuan, which is planned to be completed at one time and is expected to be put into use in the second half of 2027.Green debt base continues to attract gold! Since the beginning of this year, the issuance scale has approached 44 billion yuan. On December 12th, HSBC Jintrust Fund announced that HSBC Jintrust Green Bond Fund was formally established, with the initial raising scale of 5.98 billion yuan. In the first half of this year, the public offering market has issued four green debt bases-Manulife China Bond Green inclusive finance Preferred Index, Oriental China Bond Green Inclusive Theme Financial Preferred Index, Guofu China Bond Green inclusive finance Index and Jiashi China Bond Green Inclusive Theme Financial Preferred Index. Wind data shows that the total issuance scale of these four products reached 31.963 billion yuan, which set off a small climax of debt-based issuance at that time. So far, the issuance scale of green debt base has approached 44 billion yuan during the year. It can be expected that more green debt bases will meet with investors in the future. (CSI Taurus)In response to Trump's tariff threat, some Canadian governors supported the "cut-off" of energy products to the United States. Canadian Prime Minister Trudeau and provincial governors held another meeting on December 11 local time to discuss the tariff threat of US President-elect Trump. After the meeting, Canadian Deputy Prime Minister and Minister of Finance Christia freeland told the media that "many governors strongly supported Canada to take strong countermeasures, and some of them took the initiative to list the key minerals and metals produced in their provinces and exported to the United States." Doug Ford, Governor of Ontario, Canada, said after the meeting that if the United States insists on imposing tariffs on Canada, Ontario will "cut off" the energy supply to the United States. He said, "We will cut off the energy supply to Michigan, New York and Wisconsin." Ford also believes that Canada needs to "prepare for the battle" and Trump's tariff will be "100%". (CCTV News)
The British authorities confiscated 110 million yuan of assets of Hongtong criminal Tian Wenjun, and the British authorities confiscated 110 million yuan of assets of Hongtong criminal Tian Wenjun. On December 10, the National Bureau for Combating Crime (NCA) of the United Kingdom issued an announcement, officially confiscating 12 million pounds (about 110 million yuan) of assets of China citizens Tian Wenjun and Hao Jiangbo in the United Kingdom, including two luxury houses in the suburbs of hampstead, London, two student apartments in Coventry and funds in several bank accounts. However, these assets account for less than 1% of the officially recognized crime proceeds of the Tian couple in China. NCA formally filed a case with the Queen's Bench Court of the British High Court on November 26th, and applied for approval of the civil recovery orders against Tian Wenjun and Hao Jiangbo. This means that the loan fraudsters Tian and his wife, who are wanted by the China police and have absconded in the UK for five years, need not be convicted, and their unexplained assets in the UK will be confiscated. (Caixin. com)According to sources, Hamas's demand for a ceasefire in the Israeli Gaza has been relaxed, and a hostage agreement is expected to be reached. According to sources, Hamas will now agree to let the Israeli army stay temporarily after the fighting stops.The Ministry of Human Resources and Social Security and other five departments: the situation of receiving personal pensions in advance was added. On December 12, the Ministry of Human Resources and Social Security and other five departments issued the Notice on the Full Implementation of the Personal Pension System. The circular calls for optimizing the supply of products, and on the basis of existing financial products such as wealth management products, savings deposits, commercial pension insurance and Public Offering of Fund, specific pension savings and index funds will be included in the catalogue of personal pension products. The notice also increased the situation of receiving the pension in advance. In addition to reaching the age of receiving the basic pension, completely losing the ability to work, and going abroad to settle down, participants who suffer from serious diseases, receive unemployment insurance benefits to certain conditions, or are receiving the minimum living allowance can apply for receiving the personal pension in advance. (Xinhua News Agency)
Strategy guide
Strategy guide 12-14