Category: Flash News

On January 1st, it was reported that the world’s top 500 billionaires will take the next step in 2024, led by Elon Musk, Mark Zuckerberg, and Huang Renxun, to reach a new milestone: their total net worth will reach $10 trillion. The unstoppable rise of US technology stocks has played a key role in the wealth growth of these three individuals, and has also driven up the net asset value of Larry Ellison, Bezos, Michael Dell, as well as Google co founders Larry Page and Sergey Brin. The assets of these eight tech giants alone will increase by over $600 billion in 2024, accounting for 43% of the $1.5 trillion asset growth of the richest 500 people tracked by the Bloomberg Billionaires Index.

On December 31st, according to incomplete statistics from reporters, a total of 14 insurance companies issued 17 bonds in 2024, with a total issuance scale of 117.5 billion yuan. This is also another historical high for the scale of bond issuance by insurance companies, after breaking through 100 billion yuan for the first time in 2023. With the relaxation of regulations and the extension of the transition period for the second phase of the second-generation solvency project (“Insurance Company Solvency Supervision Rules (II)”) until the end of 2025, it is expected that insurance companies under solvency pressure may accelerate their bond issuance pace to supplement capital, and the bond issuance scale of insurance companies is expected to continue to remain above 100 billion yuan in 2025. (International Financial News)

On December 31, 2024, Panama held a commemorative event for the 25th anniversary of the transfer of the Panama Canal at the headquarters of the Canal Authority. President Mulino and hundreds of guests attended the ceremony. At the ceremony, Mulino reiterated Panama’s sovereignty over the canal. He emphasized in his speech, “It is precisely because of our neutral management that countries around the world can rest assured that strategic channels like the Panama Canal will not be involved in any conflicts.” In response to the threat of US President elect Trump attempting to retake the Panama Canal, President Mulino said, “The Panama Canal belongs only to the Panamanian people, and this will never change

On December 31st, United Optoelectronics released an investor relations activity record table, stating that in the field of intelligent driving, there has been a historic breakthrough in on hand orders, with main deliveries starting from the end of the fourth quarter of 2024. It is expected that there will be optimistic volume growth in 2025. In the field of new displays, the company has expanded its AI glasses business this year and has reached a deep cooperation with Yiwen Technology. With the gradual maturity of products and the growth of market size, it is expected that the shipment scale of AI glasses products will continue to increase.

On December 31st, the China Securities Association announced the rating results of its securities underwriting and entrusted management business for 2024. Among the 96 securities firms that will carry out bond underwriting and entrusted management business in 2023, there are 17 A-class, 60 B-class, and 19 C-class. Among them, Class A securities firms include Caixin Securities, Changjiang Securities, Dongfang Securities, Dongwu Securities, Guangfa Securities, Guojin Securities, Guokai Securities, Guorong Securities, Guotai Junan, Haitong Securities, Huatai United, Xingye Securities, China Merchants Securities, CICC, Zhongtai Securities, CITIC Securities, and CITIC Securities. (Lin Jian, journalist from Caixin News Agency)

On December 31st, the domestic industry recently announced the official mass production of humanoid robots. The reporter visited the super factory of humanoid robots and found that many of the upstream precision machining processes of key components of the robots intersect with the domestic new energy vehicle industry. Industry insiders suggest that the industrialization of humanoid robots will accelerate by 2025, with costs expected to drop to within 200000 yuan. (CCTV Finance)

On December 31, Caixun announced that it planned to jointly subscribe for the fund shares of Hubei Jinwu Jiayu Private Equity Investment Partnership (Limited Partnership) with Yang Liangzhi, Wang Xi, Bai Lin, Yang Kaicheng, Qinhuangdao Youtaixinzuo Billiards Supplies Co., Ltd., Zhongjia Xinda Investment Co., Ltd. and Tianjin Jinwutong Investment Management Partnership (Limited Partnership), a professional institution, and signed a partnership agreement. As one of the limited partners, the company plans to use its own funds to subscribe for a capital contribution of 5 million yuan, with a subscribed capital ratio of 12.0482%. The partnership intends to make a special investment in a superconducting company.

On December 31st, the China Securities Association released the evaluation results of the professional quality of financial advisory services for securities companies engaged in major asset restructuring of listed companies in 2024. The evaluation results showed 6 companies in Class A, 24 in Class B, and 7 in Class C. Among them, Class A securities firms include Guangfa Securities, Haitong Securities, Huatai United Securities, CICC, CITIC Securities, and CITIC Securities; C-class securities firms include underwriting and sponsorship by First Venture Securities, Guojin Securities, Kaiyuan Securities, Minsheng Securities, Shengang Securities, Shenwan Hongyuan Securities, and Tianfeng Securities. (Lin Jian, journalist from Caixin News Agency)

On December 31st, Hangzhou city completed the 21st batch of residential land transfer in 2024. According to the transaction results, all 7 plots were sold, with a highest premium rate of nearly 60%, and a total transaction amount of 14.562 billion yuan. According to data from the Zhongzhi Research Institute, in 2024, a total of 72 residential land parcels were sold in the ten districts of Hangzhou, with a transaction amount of 116.9 billion yuan, ranking third in the country in terms of transfer fees (only after Beijing and Shanghai). Hangzhou has emerged as an independent market for land auctions.

On December 31st, a research team from Pohang University of Science and Technology in South Korea used artificial intelligence (AI) technology to design a “nanocage” that successfully simulated the complex structure of viruses. It can deliver therapeutic genes and become a medical innovation platform. This study demonstrates the enormous potential of AI in the biomedical field, particularly in improving gene therapy vectors. The study was published in the latest issue of the journal Nature.