money and payment, snippets

The Hang Seng Index fell by 1.6%; Led by industrial and commercial stocks, the Hang Seng Index fell 1.6% to 20,072.69 in Hong Kong. In midday trading, industrial and commercial stocks led the market down, and all kinds of stocks fell; Of the 83 stocks, 75 fell and 7 rose. Meituan dragged down the index the most, falling by 2.8%. Budweiser Asia Pacific suffered the biggest decline, down 6.1%.More than eight members of parliament from South Korea's ruling party supported the impeachment of Yin Xiyue.Guangzhou Metro won the Asian Games Avenue plot in Panyu District, Guangzhou with a reserve price of 1,183.96 million yuan. According to the website of Guangzhou Public Resource Trading Center, on December 13th, Guangzhou Metro Group Co., Ltd. won the Asian Games Avenue plot BD0210116 in Panyu District, Guangzhou, Guangdong Province with a reserve price of 1,183.96 million yuan. According to the transfer documents, the plot is planned to be a second-class residential land, a primary and secondary school land and a commercial land compatible with roads and transportation facilities; The parcel area is 99,936.54 square meters, of which the leased parcel area is 85,151.63 square meters, and the calculated floor area ratio is 118,396 square meters.

CMB International: Upgraded the target price of WuXi Bio to HK$ 22.88, optimistic about the company's valuation and performance repair. CMB International published a report, predicting that the US Biosafety Act will fail with high probability, which will help WuXi Bio to achieve continuous performance growth in a relatively stable business environment. With the recovery of global biomedical financing, we are optimistic about the company's valuation and performance repair. According to the report, the NDAA in FY 2025 does not include the Biosafety Act, and the legislation of the Biosafety Act failed with high probability. On December 7, the US Senate and the House Armed Services Committee announced the National Defense Authorization Act (NDAA) for fiscal year 2025, which was finally negotiated by the committees of the two houses. The Biosafety Act was not included in the amendment of NDAA in FY 2025, which means that the Biosafety Act failed to pass the legislative path of joining NDAA. The Biosafety Act can still promote separate legislation, but considering that the window of the current US Congress session is less than two weeks, the Bank believes that the success rate of separate legislation is extremely low. CMB International maintained the "Buy" rating of Yaoming Bio, and its target price rose from HK$ 13.58 to HK$ 22.88. It is estimated that the company's revenue will increase by 7.1%/12.4%/ 13.9% from 2024 to 2026, and its adjusted net profit will increase by 0.8%/11.1%/13.4% respectively.Guosheng Financial Holdings hit the daily limit in the afternoon and staged the "Earth Sky Board". The turnover exceeded 3.5 billion yuan, and the stock price approached an all-time high.CICC: The personal pension system in the Mainland has been fully extended to the whole country to help the long-term development of the insurance industry. CICC published a research report that the personal pension system in the Mainland has been fully extended to the whole country. The bank believes that as one of the important allocation directions of personal pension, various promotion policies will help the long-term development of the insurance industry. Although the average scale of personal pension is small compared with other savings insurance, it can still obtain stable long-term funds and high-quality new customers if it is properly operated. Zhongjin pointed out that in the early stage, the insurance industry may need to establish close ties with powerful sales channels or explore the characteristic mode of self-owned agent channel sales. In the long run, it is necessary to strengthen its own asset management capabilities and explore special services such as health care, which may help build core competitiveness.

CICC: The personal pension system in the Mainland has been fully extended to the whole country to help the long-term development of the insurance industry. CICC published a research report that the personal pension system in the Mainland has been fully extended to the whole country. The bank believes that as one of the important allocation directions of personal pension, various promotion policies will help the long-term development of the insurance industry. Although the average scale of personal pension is small compared with other savings insurance, it can still obtain stable long-term funds and high-quality new customers if it is properly operated. Zhongjin pointed out that in the early stage, the insurance industry may need to establish close ties with powerful sales channels or explore the characteristic mode of self-owned agent channel sales. In the long run, it is necessary to strengthen its own asset management capabilities and explore special services such as health care, which may help build core competitiveness.The space robot won the TGA annual game "Black Myth Wukong", the TGA award ceremony is in progress, and "Astro Bot" won the TGA annual game. Other nominated games include Black Myth: Wukong, Clown Card, Eldon Circle: The Shadow of Huang Jinshu, Final Fantasy 7: Rebirth, Metaphorical Fantasy: Refantazio. Cosmic Robot is a game work developed by Team ASOBI and released by Sony Interactive Entertainment. Players and ASTRO have launched a brand-new super-large adventure trip to explore more than 50 exciting and varied worlds. The release of the game coincides with the 30th anniversary of PlayStation game console, and a lot of tribute elements have been added to the game works, which has also become one of the reasons why the game attracts worldwide attention. (Sina Technology)The cryptocurrency market fluctuated violently again, exceeding 110,000 people. In the past 24 hours, the cryptocurrency headed by Bitcoin jumped up and down. After Trump said "something great will be done in the cryptocurrency field", the price of Bitcoin once rose to about $102,500, and then profit-making funds poured out. Bitcoin plunged over $3,000, and the lowest dropped to around $99,200. Other smaller cryptocurrency varieties followed suit. Coinglass data shows that within 24 hours, the number of people in the cryptocurrency market has exceeded 110,000. At present, there are great differences in the market on cryptocurrency. Some optimists predict that Bitcoin may reach $150,000 in mid-2025. At the NEXT meeting in Reuters this week, American bankers expressed their caution about cryptocurrencies. BlackRock, a world-renowned asset management company, suggested in a report on Thursday that interested investors could consider allocating 2% of their portfolio to Bitcoin. However, the report also warned: "Investors should also be alert to the risks of Bitcoin, which may not be widely adopted in the end, and it is still very unstable and vulnerable to sharp selling." In addition, Turkish regulators said they would block access to dozens of cryptocurrency exchanges. (Broker China)