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Ministry of Civil Affairs: The Chinese Stomatological Association was ordered to strictly review the membership qualifications of registered members. Recently, the reporter exposed the chaos of dental medical institutions and the management of members of the Chinese Stomatological Association. Today, the Social Organization Administration of the Ministry of Civil Affairs issued a statement. After verification, the recent media report that the Chinese Stomatological Association failed to effectively review the membership of ordinary members and specialist members is true. The Social Organization Administration of the Ministry of Civil Affairs ordered the Society to strictly review the membership qualifications of registered members, and to explain and rectify the relevant situation. In the next step, the Social Organization Administration Bureau of the Ministry of Civil Affairs will urge the Chinese Stomatological Association to consciously accept social supervision and rectify the existing problems in place. (CCTV News)The CFPB of the United States ordered the supervision of Alphabet to file a lawsuit to fight back. The Consumer Financial Protection Agency (CFPB) announced that it ordered the federal supervision of Google Payment under Alphabet and determined that the services provided by Google Payment posed risks to consumers. Google Payment has filed a lawsuit against the authorities' decision.The intraday increase of AUD/USD between the Australian dollar and the US dollar expanded to 1.00%, and it is now reported at 0.6463.

Nasdaq China Jinlong Index rose 7%, the biggest increase since September, while Nasdaq China Jinlong Index rose 7%, the biggest increase since September. Popular Chinese stocks rose collectively, with iQiyi, Xpeng Motors, Weilai and JD.COM rising by over 10%, LI and Netease by over 9%, Pinduoduo by over 8%, Alibaba by over 7% and Baidu by over 6%.Valin Steel: It plans to sell 100% equity of Valin E-commerce for 480 million yuan. Valin Steel announced that it plans to sell 100% equity of Hunan Valin E-commerce Co., Ltd., a wholly-owned subsidiary, to the controlling shareholder Hunan Iron and Steel Group Co., Ltd. at a transaction price of 480 million yuan. Valin e-commerce is mainly engaged in commodity trading business. On October 31, 2024, the audited net assets were 442 million yuan, and the estimated value-added rate was 8.60%. This transaction will help the company to focus on its core business, optimize resource allocation and improve asset quality and profitability. After the completion of this transaction, Valin E-commerce will become a new related party of the company, and it is expected that the daily related transactions between the company and Hunan Iron and Steel Group will increase every year.The Bank of England plans to further provide liquidity through key repurchase tools, and the Bank of England plans to provide more liquidity to banks at a lower price to cope with the possible cash shortage in the British financial system in the future. On December 9th, the Bank of England said that it would increase the available reserve in the auction of indexed long-term repo (ILTR) from 25 billion to at least 30 billion pounds (about 38 billion US dollars). It is planned to provide more reserves at a lower "initial pricing level" and adjust the price for obtaining more reserves. These suggestions were made in a consulting report released on Monday, just before Dave Ramsden, vice governor, made a speech on financial stability. The Bank of England said it expects these adjustments to be implemented in the second quarter of 2025.

Hamas said that he stood with the Syrian people and condemned the repeated Israeli aggression against Syrian territory. On December 9, local time, Palestinian Islamic Resistance Movement (Hamas) issued a statement saying, "We firmly stand with the Syrian people and reaffirm our commitment to Syrian national unity and territorial integrity." Hamas also expressed the hope that all sectors of society will unite and get rid of the past difficulties. This is the first time that Hamas has made public comments since Syrian opposition forces captured Damascus, the Syrian capital. In addition, Hamas strongly condemned "repeated Israeli aggression against Syrian territory". (CCTV)Interpretation of the Political Bureau Meeting in December by CITIC Securities: It is estimated that the reverse repo rate will drop by 40-50bps next year, and the LPR and loan interest rates may drop even more. CITIC Securities Research Report pointed out that a new round of policy starting guns will be fired, and the policy inflection point will be reconfirmed, making it clear that the macro policy will be strengthened and effective in 2025. From the perspective of fiscal policy, the meeting called for the implementation of a "more active fiscal policy" and enriched the policy toolbox, which may indicate that in 2025, both deficit ratio in a narrow sense and deficit ratio in a broad sense will be significantly improved, and the focus of policy development is also expected to be marginal in the field of people's livelihood consumption. From the perspective of monetary policy, this Politburo meeting calls for the implementation of a moderately loose monetary policy. This is the first time that China has implemented a moderately loose monetary policy after 2010. It is estimated that the reverse repo rate will drop by 40-50bps next year, and the LPR and loan interest rates may drop even more. From the perspective of domestic demand policy, the statement of expanding domestic demand in an all-round way, especially "vigorously boosting consumption", exceeds market expectations. With the support of the existing policies coming into effect and the policy of increasing domestic demand, the improvement of domestic demand may have strong certainty and sustainability. In addition, in terms of structural policies, on the one hand, the meeting clearly stated that it is necessary to "stabilize the property market and the stock market", and the importance of the stock market continues to be highlighted, and real estate is still in the policy landing period; On the other hand, the meeting emphasized that "scientific and technological innovation leads the development of new quality productive forces", and new industries and future industries are expected to receive further policy support.Yiwu, Zhejiang Province paid a premium of 55%, and the unit price of a residential land was 10,286 yuan. Yiwu, which is under the jurisdiction of Jinhua City, Zhejiang Province, sold a residential land on December 9. The plot is located in the southeast of the intersection of Futian Road and Datong Road, Futian Street, Yiwu City. The land use is urban residential land, commercial and financial land and commercial land. The construction land area is 24,009.03 square meters, the planned construction area is 55,220.77 square meters, and the floor area ratio is 2.3. The starting price is about 366 million yuan, and the starting floor price is 6,628 yuan/square meter. After 161 rounds of bidding, the plot was finally won by Yiwu Xinsheng Real Estate Development Co., Ltd., a local private enterprise in Jinhua, Zhejiang New Era Real Estate Group Co., Ltd., with a total price of 568 million yuan, with a floor price of 10,286 yuan/square meter and a premium rate of 55.19%.